Answer:
For 20,000 units, we have 170,000
For 26,000 units, we have 266,000
Explanation:
Here, we are to calculate the expected level of income from operations.
Formulas that can come in handy from the table are;
Variable amount per unit = sales/number of units
contribution margin = Sales - Variable cost
Income from operations = Contribution margin - fixed cost
Please, kindly checked attached image for tabulated result calculations.
Answer and Explanation:
The journal entries are shown below"
On Aug 26
Cash Dr $768,000
To Common stock $640,000
To Additional paid in capital $128,000
(Being issuance of the common stock is recorded)
On Oct 1
Cash Dr $410,000
To preferred stock $410,000
(Being the issuance of the preferred stock is recorded)
On Nov 30
Cash Dr $187,000
To Common stock $170,000
To Additional paid in capital $17,000
(Being issuance of the common stock is recorded)
Answer: Option C
Explanation: In simple words, land refers to the place where the core operations of the business have to happen initially such as manufacturing, administration etc.
Capital refers to the resources that are invested by owners with the objective of operating business. And labor refers to the man force employed in business for operations.
Hence fishing territory is a land as it is not invested by any owner and without any employment of workforce it does not have any utility.
Answer:
B. $30,000 and $15,000
Explanation:
We can compute this as follows,
We need to calculate flexed budget costs for the production of 125 boots.
Budgeted / boots are as follows,
Leather cost / boot = $240
Direct Labor / boot = $120
The costs that should have been for 125 boots are then,
Leather = 125 * 240 = $30,000
Direct Labor = 125 * 120 = $15,000
Hope that helps.
<span>I'd like to answer this, but I don't understand the stock market. Pretty much Greek to me. But I would think stocks would depend on buyers and sellers and how well a company is doing. If people believe in the future, they will be buying. If the future looks grim, many will be selling. Both greatly effect the health of the market.</span>
