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1 year ago

) At 1 november 2014 Brian owed $28,754 to his suppliers. During the year he paid his suppliers a

1 answer:

8 0

Given the sums paid and owed to suppliers for the year ending on October 31, 2015, the value of Brian's credit purchase was $188, 409.

<h3>What was the credit purchase value ?</h3>

Brian's credit purchased in the year that ended 31 October 2015, can be found by the formula :
= Amount owed by Brian in 2014 + Amount paid by Brian in 2015 - Amount owed at 31 October 2015

Solving this equation would give us a value of :

= $ 28, 754 + 185, 844 - 26, 189

= $ 188 , 409

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At an output level of 415,400 units, you have calculated that the degree of operating leverage is 2.00. The operating cash flow

katen-ka-za [31]

Answer:

the new degree of operating leverage for output levels of 16,400 units and 14,400 units will be -0.0858 and - 0.0745 respectively.

Explanation:

From the given information:

the degree of operating the leverage at 415,400 units = $\mathtt{\dfrac{contribution \ \ margin}{operating \ \ income}}$

where contribution margin = 2 × 58000 =116000

If we assume that the sales price should be p and the variable cost be q per unit .

Then, 415,400p - 415,400q = 116000

p - q = $\mathtt{\dfrac{116000}{415400}}$

p - q = 0.279 at 415400 unit

Contribution margin = 415400 × 0.279

Contribution margin = 115896.6

The operating income = contribution margin - fixed expense

58000 = 115896.6 - fixed expense

fixed expense = 115896.6 - 58000

fixed expense = 57896.6

However, when the output level is 16400 unit,

the contribution margin = 16400(p-q)

the contribution margin = 16400(0.279)

the contribution margin = 4575.6

The operating leverage = $\mathtt{\dfrac{contribution \ \ margin}{contribution \ \ margin - fixed \ \ costs}}$

The operating leverage = $\mathtt{\dfrac{4575.6}{4575.6 - 57896.6}}$

The operating leverage = $\mathtt{\dfrac{4575.6}{-53321}}$

The operating leverage = -0.0858

when the output level is 14400 unit,

the contribution margin = 14400(p-q)

the contribution margin = 14400(0.279)

the contribution margin = 4017.6

The operating leverage = $\mathtt{\dfrac{contribution \ \ margin}{contribution \ \ margin - fixed \ \ costs}}$

The operating leverage = $\mathtt{\dfrac{4017.6}{4017.6 - 57896.6}}$

The operating leverage = $\mathtt{\dfrac{4017.6}{-53879}}$

The operating leverage = - 0.0745

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3 years ago

American airlines traded eight 747s for twelve dc-10s owned by united airlines. this transaction is an example of

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American Airlines traded eight 747s for twelve DC-10s owned by United Airlines. this transaction is an example of barter. Barter is a commercial transaction whereby two parties are exchanging goods or services without the involvement of money. In this example, it is clearly a barter transaction. The American Airlines traded a property with another property to United Airlines. There was no involvement of money in this transaction. The quantity of the property being traded is not necessarily equal because this would depend on the price of the property being traded in by the parties. In this example, United Airlines traded more pieces of their property to American Airline. This may be due to the price difference of the two properties.

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4 years ago

Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the compar

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Answer:

Net cash used by investing activities -$16,000

Explanation:

The computation of the amount of net cash provided or used by investing activities is shown below:

Equipment purchase for cash -$66,000

Proceeds from the sale of equipment $50,000

Net cash used by investing activities -$16,000

The purchase is a cash outflow so it is in negative sign while the sale is cash inflow so it is to be shown in a positive sign

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3 years ago

Q 7.39: In a small-town retail store, the sales clerk is responsible for counting the cash in the cash register and comparing it

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Answer: b.segregation of duties

Explanation:

Segregation of duties as an internal control ensures that there are multiple people doing activities that if left to one person can leave the company at the risk of fraudulent activity. It also helps to reduce the incidence of errors in reporting because more than one person will be cross-checking transactions.

There should be more segregation of duties in this small-town retail store. For instance, the sales clerk should not be responsible for both the counting and comparison to the cash register tape because they could have omitted sales from the machine and then simply taken the money from the cash when counting. A different person should count the cash to see if it tallies with the cash register tape.

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3 years ago

Rios Corporation reports costs for the year as follows: Direct Materials Used $ 795 comma 000 Wages to Line Workers 270 comma 0

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Answer:

$1,490,000

Explanation:

Given that,

Direct Material used = $795,000

Wages to Line workers = $270,000

Indirect Materials used = $425,000

Total product cost for the year:

Direct Material used + Wages to Line workers + Indirect Materials used

= $795,000 + $270,000 + $425,000

= $1,490,000

Therefore, the total product costs for the year is $1,490,000.

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4 years ago