_____is best described as the process of selling a prototype of a product in either a real or simulated market environment.

Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are

mafiozo [28]

Answer:

The answer is "205,241"

Explanation:

Its relative value operation:

Smooth skin Seedling Skin Total

A Unit sold $240000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 110000$

selling price per unit $\$ \ 3.10 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ \ 5.10$

Sales value $\$ \ 744,000 \ \ \ \ \ \ \ \ \ \ \ \$ \ 561,000 \ \ \ \ \ \ \ \ \ \ \ \$ \ 1,305,000$

Join its cost allocate $(360000 \times \frac{sales\ value}{1305000})$ $205,241 \ \ \ \ \ \ 154,759 \ \ \ \ \ \ 360,000$

Smooth Skin is assigned the combined costs within each development process by way of the relative cost process 205,241

3 0

2 years ago

The level of liquid assets that should be invested in marketable securities depends on several factors. This includes all except

-BARSIC- [3]

Answer:

c.

Explanation:

Based on the information provided within the question it can be said that the exception of the answers provided are seasonal cash requirements. This refers to the amount of cash you or the company needs to pay for unique expenses during a specific season. Which is not a factor when deciding what should be invested in marketable securities.

7 0

2 years ago

Big Equipment Company sold a tractor-scraper to Ace Paving for $125,000. Ace made a down payment of $25,000 and agreed to pay th

miv72 [106K]

Answer:

a. Reformation

Explanation:

In the given instance, it is clearly observed that the Vehicle Identification Number is not correctly written in the contract, and that happened due to typing errors, and was not intentional.

In these cases the courts order to reform the contract, and then the reformed contract shall reflect the intentions of both the parties as what they intend.

In the given case also, reformation will take place as the error is not due to intentionally, fraud with the other party. Thus correct option is:

a. Reformation

7 0

2 years ago

Crane Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains

kondor19780726 [428]

Answer:

$4,375

Explanation:

Given that,

Crane Company balance = $9,250

Balance of Hale company = $3,000

Balance of Janish company = $1,875

January 1 balance in the Valdez Company subsidiary account:

= Crane Company Accounts Payable control account + Hale Company balance + Janish Company balance

= $9,250 + $3,000 + $1,875

= $4,375

5 0

2 years ago

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = $\frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}$

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = $\frac{40,000}{4\ years} = 10,000$

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0

3 years ago