Answer:
Explanation:
We don't have enough information to calculate the exact effect on the net operating income. For example, we will need the selling price and unitary variable costs. But we can calculate the effect on the fixed costs and selling variable costs.
Savings in fixed costs= $22,000
Increase in total variable costs= 13* 2400 units= $31,200
To decide whether it is convenient or not we need the information previously stated.
Answer:
The accrual principle
The main purpose of adjusting entries is to update the accounts to conform with the accrual concept. At the end of the accounting period, some income and expenses may have not been recorded, taken up or updated; hence, there is a need to update the accounts.
Based on the description, <span> this sales promotion is a Coupon.
Coupon is a type of marketing tools that provide consumers with free products or financial discount if reedemed to the sellers.
This type of marketing tool is used in order to persuade customers to buy a certain type of products/services that company prioritized..</span>
Answer:
The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. ... The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased.
Explanation:
Answer: $20,000
Explanation:
From the question, we are told that Liddy Corp. began constructing a new warehouse for its operations in the current year and that Liddy incurred interest of $10,000 on a working capital loan, and an interest on a construction loan for a warehouse of $70,000. The interest that was computed on the average accumulated expenditures for the warehouse construction was $60,000.
To calculate the amount of interest that Liddy should expense for the year, we add the $10,000 Liddy interest that Liddy incurred on a working capital loan plus the interest on the construction loan for the warehouse of $70,000. We then subtract the expenditure of $60,000 from the value gotten. This will be:
= $10,000 + $70,000 - $60,000
= $20,000
The amount of interest should Liddy expense for the year is $20,000.
