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Romashka-Z-Leto [24]
2 years ago
10

A measure of the burden of continual deficit financing over time is the ratio of:.

Business
1 answer:
Ksju [112]2 years ago
8 0

Answer:

Explanation:

the debt to the GBP

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Rey Company’s single product sells at a price of $225 per unit. Data for its single product for its first year of operations fol
hram777 [196]

Answer:

Part 1. Prepare an income statement for the year using absorption costing

Sales ($225×29,000)                                                                         6,525,000

<u>Less Cost of Sales</u>

Opening Stock                                                                         0

Add Cost of Manufactured Goods ($95.83×29,000)    2,842,000

Less Closing Stock                                                                   0        2,842,000

Gross Profit                                                                                          3,683,000

<u>Less Expenses</u>

Selling and Administrative Expenses:

Variable ($27×29,000)                                                                           783,000

Fixed 493,000                                                                                        218,000

Net Income                                                                                          2,682,000

Part 2. Prepare an income statement for the year using variable costing

Sales ($225×29,000)                                                                         6,525,000

<u>Less Cost of Sales</u>

Opening Stock                                                                         0

Add Cost of Manufactured Goods ($81.00×29,000)    2,349,000

Less Closing Stock                                                                   0        2,349,000

Contribution                                                                                         4,176,000

<u>Less Expenses</u>

Fixed Manufacturing Costs                                                                    493,000

Selling and Administrative Expenses:

Variable ($27×29,000)                                                                           783,000

Fixed 493,000                                                                                         218,000

Net Income                                                                                          2,682,000

Explanation:

Part 1. Prepare an income statement for the year using absorption costing

Absorption Costing, also known as Full Costing includes Fixed Manufacturing as part of Product Cost.

All Non - Manufacturing Costs are then Presented as Period Costs

Product Cost Per Unit:

Direct materials                                    29.00

Direct labor                                           37.00

Variable overhead                                15.00

Fixed Overhead 430000/29000        14.83

Total Product Cost                               95.83

Part 2. Prepare an income statement for the year using variable costing

Variable Costing, also known as Marginal Costing only includes Variable Manufacturing Costs as part of Product Costs

Fixed Manufacturing and All Non - Manufacturing Costs are then Presented as Period Costs.

Product Cost Per Unit:

Direct materials                                    29.00

Direct labor                                           37.00

Variable overhead                                15.00

Total Product Cost                                81.00

5 0
3 years ago
Read 2 more answers
A company's Cash account shows an ending balance of $4,200. Reconciling items included a bookkeeper error of $50 (a $550 check r
hoa [83]

Answer:

Adjusted book balance will be $4258

Explanation:

We have given ending book balance = $4200

Error in recording = $50

Interest revenue = $33

And service charge = $25

We have to find the adjusted book balance

Adjusted book balance is given by

Adjusted book balance = Ending book balance + error in recording + interest revenue - service charge = $4200+$50+$33-$25=$4258

6 0
3 years ago
Explain whether you agree or disagree with the following statement.
butalik [34]

Answer: AGREE

Explanation:

A Monopoly faces no competition and are the only sellers of the product they sell. If firms in an industry successfully engage in collusion, the resultant effect will definitely be not unlike a Monopoly because they will set prices as a single firm, control output as a single firm and essentially run the market as a single firm.

They will sell at a rate where the Marginal Revenue curve will be below the demand curve. This will mean a higher price than a competitive market which was probably the main incentive for collusion.

A recent example would be the collusion between BMW, Daimler and Volkswagen, to hinder technological progress in improving the quality of vehicle emissions in order to reduce the cost of production and maximize profits. Thankfully this was busted by the European Commission in 2019.

7 0
3 years ago
During the period 1990–1998 there were 46 atlantic hurricanes, of which 19 struck the united states. during the period 1999–2006
Gelneren [198K]

Answer:

Option C is correct.

Explanation:

7 0
3 years ago
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Lynna [10]

Answer:

$3,500

Explanation:

Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.

Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.

Loss per share=$200-$165=$35

The loss incurred on 100 shares of IBM=loss per share*number of shares owned

The loss incurred on 100 shares of IBM=$35*100

The loss incurred on 100 shares of IBM=$3,500

4 0
3 years ago
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