Answer:
The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero
Break Even sales for Company wide = $378,000
Break Even Value for Chicago is $111,429
And Break Even Value for Minneapolis is $120,000
The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.
Explanation:
Answer: C. have a conflict of interest because the investment was suitable for the client
Explanation:
Conflict of interest occurs when the aims of two different parties are not thesame. In such scenario, the best interest of an individual is different from the best interest of the other person.
Since the client funds placed for investment brought about a good return, then the investment manager doesn't have a conflict of interest because the investment was suitable for the client.
Answer:
The total conversion costs transferred out of the Cranning Department = $196000
Explanation:
We have been given with the equivalent units of production with direct materials and conversion. In order to find the total conversion costs transferred out of the Cranning Department, we need the conversion units which are 50,000 units along with cost per equivalent unit for conversion which is $3.92 per EUP.
The total conversion costs transferred out of the Cranning Department = 50,000 * $3.92
The total conversion costs transferred out of the Cranning Department = $196000
Answer:
Selling through a consignment shop
Explanation:
Structural holes refer to a situation in which parties in a network are not able to interact.
A consigment shop is a store where you can take things to sell and the owner decides a price to pay and then, the objects are sold to someone else at a higher price and the owner gets a profit.
eBay is an online shopping site that allows people to sell things directly to buyers.
According to this, the answer is that the method of selling that can be argued to have more structural holes is selling through a consignment shop because buyers can't negotiate directly with the sellers which they can do in eBay.
Answer and Explanation:
The journal entries are shown below:
1
Vacation Benefit Expense $13,000
To Vacation Benefit Payable $13,000
(Being vacation benefit expense is recorded)
2
Warranty Expense $18,000
To Estimated Warranty Liability $18,000
($12,000 × 10 % × $15) = $18,000
(Being warranty expense is recorded)
These two entries need to be passed
