Answer: $1.50
Explanation:
Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.
We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.
Answer:
From all indications,it is very clear that the question requires a journal entry to record the unpaid interest.
Dr Interest expense $1125
Cr Interest payable $1125
Explanation:
This is a typical case of an omitted entry in the books of accounts,specifically it relates year-end close accounting adjustments.
Under the accrual basis, which is prevalent in the private sector,expenses are to recorded when incurred not when they are settled in cash,as result it is imperative that the above transaction needs be adjusted by debiting interest expense account and crediting same amount to interest payable account to affirm that the company has an obligation to $1125 to mortgage providers.
The probability that the dealer will be fined is 0.0948
To find p(a <= Z <= b) = F(b) - F(a)
P(X < 20) = (20 - 30.5)/3.4489
= -10.5/3.4489
= -3.0444
= P(Z < -3.0444) from standard normal table
= 0.00117
P(X < 26) = (26 - 30.5)/3.4489
= -4.5/3.4489 = -1.3048
= P(Z < -1.3048) From standard normal table
= 0.09599
P(20 < x < 26) = 0.09599 - 0.00117 = 0.0948
The answer in this question is 0.0948
Answer:
QUESTION 1 : sales allowance method
QUESTION 2: $60,000
QUESTION 3: $180
QUESTION 4: Accounts Receivable
Explanation:
Answer:
The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
Demand for cheap apartments will increase
Explanation:
When there is maximum price set aside for a good or services, the demand for lower goods would be increased. From the analogy above, since the maximum rent as been set aside, then the demand for cheap apartments will increase as a result of the decision because people would prefer lower prices
