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2 years ago

Swifty Corporation’s unit manufacturing cost is:

1 answer:

7 0

The incremental profit for Swifty Corporation upon the acceptance of the order will amount to around $2000.

<h3>What is incremental profit?</h3>

According to the information provided, the actual variable cost upon acceptance of the order will be $52. Now, the margin for Swifty Corporation will be 53 – 52 = $1.

As the order is received for a production of 2000 units, the net incremental profit for acceptance of such order will be 2000 x $1 = $2,000.

Hence, option D holds true regarding the incremental profit of Swifty Corporation.

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Evans' rule says that if n = 50 you need at least 5 predictors to have a good model.

olya-2409 [2.1K]

I believe that is false.

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3 years ago

jet costs and is expected to fly miles during its -year life. Residual value is expected to be zero because the plane was used

KiRa [710]

Answer: c. $3,960,000‬

Explanation:

Using the units-of-production method of depreciation, depreciation is done per unit used.

With a residual value of zero, the formula is;

= Cost x Millage used / Useful life mileage

= 55,000,000 x 36,000,000/500,000,000

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4 years ago

Your 7-year-old sister and 5 of her friends open a lemonade stand every summer. This past summer, they made $40 per day for 45 d

horsena [70]

Answer:

Her contribution was $300 and total contribution was $1,800

Explanation:

Gross Domestic Product is the value of goods and services which is produced or performed in the specific period. The value included in the GDP is the gross value of sales minus the costs associated to make it. In this question they made $40 per day it means they earned the return of $40 per day after deducting all the expenses from sales amount.

So, total contribution will be

Total = $40per day x 45 days = $1,800

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4 years ago

Expenses, such as depreciation on buildings are also known as variable expenses. t or f?

SSSSS [86.1K]

The statement “Expenses, such as depreciation on buildings are also known as variable expenses.”, is false, due to the fact that depreciation is a fixed cost since throughout its useful life as an asset, it reoccurs in the same amount per period, and thus, depreciation cannot be considered a variable cost. Nevertheless, as with all things, there is an exception. The depreciation will be sustained in a pattern that is more consistent with a variable expense, only if a business recruits a usage-based depreciation methodology.

To add, the corporate expense that alters with the company’s production output is called the variable cost.

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4 years ago

Using the following information:

Bond [772]

Answer:

$9,000

Explanation:

As for the information provided,

Current allowance for bad debts = $35,000

Expected year end allowance = $40,000

Bad Debt written off = $4,000 during the period.

While writing off entry shall be:

Allowance for bad debts A/c Dr. $4,000

To Accounts Receivables $4,000

This will simply reduce the balance of allowance by $4,000

Effective balance = $35,000 - $4,000 = $31,000

As the allowance account balance is credit in nature.

Now desired year end balance = $40,000

For this entry shall be:

Bad Debt Expense A/c Dr. $9,000

To Allowance for Bad Debts $9,000

The amount is calculated as follows:

Desired amount of allowance - Balance in allowance.

$40,000 - $31,000 = $9,000

5 0

3 years ago