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Llana [10]
3 years ago
5

Read the following stock quote. How much is this stock worth?

Business
2 answers:
telo118 [61]3 years ago
7 0

Answer:

The answer for this question would then be c. Hope it helps

Explanation:

Marianna [84]3 years ago
4 0
The answer for this question would then be c. Hope it helps!

You might be interested in
Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs Pool Cost Driver Ove
mylen [45]

Answer:

$200

Explanation:

As for the information provided,

Quality control rate = \frac{72,000}{1,200} =\ $60 per hour

Machine operation = \frac{150,000}{1,500} =\ $100 per hour

Material Handling = \frac{1,200}{30} =\ $40\ per batch

Miscellaneous Overhead = $\frac{57,000}{5,700} =\ $10 per hour

The order of 1,000 laser printers

Require:

Quality control cost = $60 \times 265 = $15,900

Machine operation = $100 \times 225 = $22,500

Material Handling = $40 \times 5 = $200

Miscellaneous Overheads = $10 \times 740 = $7,400

Therefore, correct option is:

$200

0 0
3 years ago
The social and economic goals of __________ include private ownership of land and business.
MrRa [10]

Answer:

Capitalism

Explanation:

<em>The social and economic goals of CAPITALISM include private ownership of land and business.</em>

The <em>capitalism</em> is an economic and social system based on <em>private ownership</em> of the means of production, on the importance of capital as a generator of wealth and on the allocation of resources through the market mechanism.

7 0
3 years ago
3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?
Andru [333]

Complete Question:

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

a.  Checks outstanding totaled $19,427.

b.  A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement.

c.  The bank collected $26,500 on a $25,000 note, including interest of $1,500.

d.  A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.

e.  A check drawn for $195 had been erroneously charged by the bank as $915.

f.  Bank service charges for June amounted to $55.

Answer:

Pala Medical Co.

Cash amount in the balance sheet = $189,281

Explanation:

a) Calculations:

Adjusted Cash balance at June 30, 20Y1

Cash balance                      $166,436

c) Note received by bank      25,000

c) Interest on the note             1,500

d) Returned check                 (3,600)

e) Bank charges                         (55)

Adjusted cash balance     $189,281

b) Balance as per bank statement = $195,688

a.  Checks outstanding totaled           ($19,427)

b.  A deposit of                                     $12,300

e. Overstated cheque                               720

Adjusted bank statement balance   $189,281

c) Preparing a bank reconciliation helps to identify discrepancies between the cash book balance of Pala Medical Co and the company's bank statement balance.  After the necessary adjustments, the two balances always agree and the adjusted figure is taken to the balance sheet.

4 0
3 years ago
What is one of the advantages of buying an existing business?
leonid [27]
You don't have to pay for construction and people are already aware of the business's existence.
4 0
3 years ago
PA15.
ser-zykov [4K]

Answer:

                                         Happy Trails

                        Income statement using variable costing

                                                                $                      $  

Sales                                                                         1,900,500                                                                                

Less: Variable costs:

Direct material (27,000 units x $15)        405,000  

Direct labour (27,000 units x $15)           405,000

Variable overhead (27,000 units x $3)   <u>81,000 </u>

                                                                  891,000

Less: Closing stock (8,000 units x $33)  <u>264,000</u>  

                                                                  627,000

Add: Variable selling and administrative <u>133,000</u>       <u>760,000 </u>

Contribution                                                                    1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25)         675,000

Fixed selling and administrative expenses 300,000    <u>975,000 </u>

Net profit                                                                           <u>165,500</u>

                           Profit reconciliation statement

                                  Closing stock         Net profit

                                             $                         $

Absorption costing         464,000                365,500

Less: Marginal costing    <u>264,000</u>                <u>165,500 </u>

Difference                        <u>200,000</u>               <u> 200,000</u>

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0
3 years ago
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