Pelosi and her husband are absolute speculators

Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The

Levart [38]

Answer:

$0.16

Explanation:

Particulars Quantity Price Amount

Cocoa 400 $1.25 $500

Sugar 80 $0.40 $32

Milk 120 $2.50 $300

Total $832

Standard direct materials cost per bar = Total amount / Number of bar

Standard direct materials cost per bar = $832 / 5,200 bars

Standard direct materials cost per bar = $0.16

7 0

3 years ago

A firm has $800,000 in paid-in-capital, retained earnings of $40,000 (including the current year's earnings), and $25,000 shares

vfiekz [6]

Answer:

The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.

Explanation:

According to the scenario, the computation for the given data are as follows:

(a) We can calculate the amount that firm can pay in cash dividend by using following formula:

Amount to pay in cash dividend = $40,000 ÷ 25,000

= $1.6 per share

(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:

Cash and retained earning = $0.80 × 25,000 = $20,000

As $20,000 is less than previous, than it will decrease the cash and retained earning.

5 0

4 years ago

On June 3, Arnold Company sold to Chester Company merchandise having a sale price of $3,000 with terms of 2/10, n/60, f.o.b. shi

IgorC [24]

Answer:

Journal entries for Arnold Company:

June 3, merchandise sold to Chester Company

Dr Accounts receivable 3,000

Cr Merchandise inventory 3,000

Dr Cost of goods sold XXX (not specified)

Cr Sales Revenue 3,000

June 12, payment received from Chester Company

Dr Cash 2,940

Dr Sales discounts 60 ($3,000 x 2%)

Cr Accounts receivable 3,000

Journal entries for Chester Company:

June 3, merchandise purchased from Arnold Company

Dr Merchandise inventory 3,000

Cr Accounts payable 3,000

June 8, shipping invoice received

Dr Merchandise inventory 90

Cr Accounts payable

June 12, payment made to Arnold Company

Dr Accounts payable 3,000

Cr Cash 2,940

Cr Purchase discounts 60

June 12, payment made to John Booth transport

Dr Accounts payable 90

Cr Cash 90

4 0

3 years ago

*Grouper, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas le

umka2103 [35]

Answer:

1) Using incremental analysis, accept this offer because it shall result in incremental Net Income of $13,000.

2) The offer should not be accepted because it shall result in incremental Net Loss of $17,000.

Explanation:

Assume that $405,000 of the fixed overhead cots can be avoided

Make Buy Net Income Income

Increase Increase

(Decrease) (Decrease)

Direct materials $980,000 $0 $980,000 $0

Direct labor $764,400 $0 $764,400 $0

Variable overhead $137,200 $0 $137,200 $0

Fixed overhead $600,000 $195,000 $405,000 $405,000

Purchase price $0 $2,273,600 ($2,273,600) ($392,000)

Total annual cost $2,481,600 $2,468,600 $13,000 $13,000

Using incremental analysis, accept this offer because it shall result in incremental Net Income of $13,000.

Make Buy Net Income Income

Increase Increase

(Decrease) (Decrease)

Direct materials $980,000 $0 $980,000 $0

Direct labor $764,400 $0 $764,400 $0

Variable overhead $137,200 $0 $137,200 $0

Fixed overhead $600,000 $600,000 $0 $0

Opportunity cost $375,000 $0 $375,000 $375,000

Purchase price $0 $2,273,600 ($2,273,600) ($392,000)

Total annual cost $2,856,600 $2,873,600 ($17,000) ($17,000)

The offer should not be accepted because it shall result in incremental Net Loss of $17,000.

3 0

3 years ago

__________ conflict management norms resolve conflict openly, whereas __________ conflict management norms tend to avoid address

Valentin [98]

Answer:

_active_conflict management norms resolve conflict openly, whereas _passive_ conflict management norms tend to avoid addressing conflict

6 0

3 years ago