I think genuine corporate social responsibility is very important, as long as it is not just lip service. When a company for example harvests a resource like trees or minerals then it is benefiting from the natural riches so should definitely be putting something back into the community and the natural environment not just say "log it mine it pave it" and ignore any adverse consequences.
The computation follows:
1. Solve first for the variable cost per unit.
Direct materials $ 6.00
<span>Direct labor $ 3.50
</span>
<span>Variable manufacturing overhead $ 1.50
</span>
<span>Sales commissions $ 1.00
</span>
<span>Variable administrative expense $ 0.50
</span>
<span>= $12.50 variable cost per unit
2. Then deduct the selling price to the variable cost per unit, to get the contribution margin.
</span><span>22 - 12.50 = $9.50 CM per unit</span>
Answer:
Refer explanation
Explanation:
1. Purchase of Inventory ($302000)
This transaction has occurred on account which means that payment was not made immediately but would be made at a future date, thus a creditor to the business.
Debit : Purchases account : $302000
Credit : Accounts Payables account : $302000
2. Sale of inventory ($504000)
The sale of inventory requires two separate transactions. The sale is accounted and along with this, the amount of inventory sold would also have to be accounted as an asset reduction.
A. To reduce inventory:
Debit : Cost of Sales account : $327000
Credit : Inventory account : $327000
B. Record the sale:
Debit : Accounts Receivables account : $504000
Credit : Sales account : $504000
This too is a sale on account which means that a debtor has been incurred who will pay for the sale at a later date.
Answer:
$118.83 per month that Zach must save.
Explanation:
This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.
Fv is the future value for the annuity which is $16500
we also have i the interest rate which is 3.99% monthly
n is the number of periods in which the monthly amount is saved 4 x 12 =48
now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:
Fv =C [((1+i)^n -1)/ i] now we substitute
$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C
$16500/[(1+3.99%)^48 -1)/3.99%] = C
C = $118.83 that Zach must save per month for 4 years to afford the cruise.
