Answer:
Increase in net operating is $9,800
Explanation:
<u>Computation table</u>
Increase in sales $60,000
<u>Less:Variable expense (42%) $25,200</u>
<u>Increase in contribution $34,800</u>
<u>Less:Cost of advertising $ 25,000 </u>
<u>Increase in net operating $9,800</u>
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Answer:
Price= $315,000
Explanation:
Giving the following information:
The manager needs to compute the cost-plus price to place a bid on a community swimming pool, deck, and spa. The estimated cost associated with the new project is $225,000. The markup on the project cost is 40%.
Price= 225,000* 1.40= $315,000
Answer:
The answers fro part 1 for (a) and (b)to this questions are explained in the explanation section below. (2) A journey was prepared for the entries to correct the error in 2021 (3) retrospectively
Explanation:
Solution
PART 1(A)
2019
The beginning inventory - No effect
Ending Inventory - Understated
The cost of good -Overstated
Net income - Understated
Retained earnings - Understated
No effect on any particulars in 2019 (effect of 2019)
PART 1 (B)
2020
The beginning inventory - Understated
Ending Inventory - Overstated
The cost of good -Understated
Net income - Overstated
Retained earnings - Overstated
(2) JOURNAL ENTRY
Debit ($) Credit ($)
Retained earnings Alc Debit 178,000
To inventory 178,000
(3) It is retrospectively
Answer:
partial measure
Explanation:
Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.
Answer: Product diversification
Explanation:
Product diversification is the expansion of the original market for a particular product. Product diversification strategy increases the sales that is associated with a product line and is also useful for a business which has been having
declining or stagnant sales.
Product diversification allows for more options and variety for goods and services, boost a company's brand image and increases a company's profitability. Product diversification can also be used by a firm to protect itself from competitors.