If your expenses are greater than your income you need to

A sole trader takes out a loan of £5,000 from the bank. Which element(s) of the accounting equation will change due to this tran

scoundrel [369]

Answer:

A Assets and liabilities

Explanation:

Since the sole trader takes the loan of £5,000 from the bank that means the cash is increased because the receipts is received and the loan is also increased as the liability is created

So as per the given situation, both the assets and the liabilities are increased

Therefore the option a is correct and the same should be relevant

4 0

3 years ago

Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh

yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

First, we need to calculate the standard pounds needed:

Standard pounds of plastic= 10,200*6= 61,200 pounds

Now, the standard cost:

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0

3 years ago

Why might prevention costs be referred to as an investment while failure costs might be referred to as true costs

sdas [7]

Answer: Prevention cost is used to protect equipments and assets and as such is an investment.

Explanation:

Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.

Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.

4 0

3 years ago

Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.

sleet_krkn [62]

Answer:

Current Ratio=1.93518

Explanation:

$Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}$

Calculating Current Assets:

Current Assets=Total assets-Net fixed assets

Current Assets=$537,800- $412,400

Current Assets=$125,400

Current Liabilities=Total debt- Long-term debt

Current Liabilities=$388,700- $323,900

Current Liabilities=$64,800

Current Ratio= $\frac{\$125,400}{\$64,800}$

Current Ratio=1.93518

5 0

4 years ago

Tennis rackets can be purchased for $60 each from an outside vendor. it costs the manufacturer $80 a piece to produce them, of w

Sliva [168]

The rest of your question:

unavoidable fixed overhead cost. What are the relevant costs for this decision? Based only these costs, which option should the company choose?
The answer:
Relevant cost to make and Buy.

6 0

3 years ago