Use the fixed manufacturing overhead, 4.00 and the variable manufacturing $1.50 to find the answer.
$4.00(10,000units)= $40,000
$40,000+ ($1.50 * 11,000)= $56,500
Answer:
Any amount above $88,000
Explanation:
$ 95,00
Cash $90,000
liquidation expenses ($8,000)
<u>Liabilities ($170,000)</u>
net ($88,000)
The partnerships needs to sell its noncash assets for at least $88,000 to cover its liquidation costs and liabilities. Any additional cash received through the sale of the noncash assets should be distributed in the liquidation ratio 2:4:4.
E.g. they sell the noncash assets for $90,000, they will distribute $2,000 (=$90,000 - $88,000):
- Perry x 20% = $400
- Quincy x 40% = $800
- Renquist x 40% = $800
Based on the description above, the correct answer that will
describe what a process cost system is, is the first choice in which a work in
process account is maintained for each process. As process cost system is being
used in a way of collecting and assigning the cost in manufacturing in which
produces the units and that it is used when mass are being produced.
Answer:
B. Frequent-user incentives
Explanation:
Consumer sales promotion refers to the techniques that are adopted by the marketing team of the company to fascinate and excite the customers to buy the products. Customer incentive programs are one of the methods of sales promotion. In this method, the customers are provided with additional benefits via redeeming the points they collect when they purchase the products. This method also helps in maintaining customers by offering such incentives to them.
In the given excerpt, Nederlander's audience rewards program is an example of a frequent-user incentive method of consumer sales promotion.
Answer:
The prepaid amount of $4,944 ($9,888/2) should be reported as Prepaid Insurance in the Current Assets side after the Accounts Receivable balance.
Explanation:
Prepaid expense is one of the items adjusted at the end of the accounting period. The purpose is to remove the prepaid element from the total amount so that only expenses relating to the current period are reported in the current period's income statement. This is in line with the accrual concept and the matching principle of generally accepted accounting principles. These require that expenses and revenue are matched to the period under which the expenses are incurred or the revenue earned, and that expenses are matched to the revenues they generated, and vice versa.
