There are 52 weeks in a year. Divide that by 2 and you get 26. That's 26 paychecks Toni will receive in a year. To find out how much he earned for each paycheck, you take 26 and divide it into the salary.
39,500/26=1,519.23.
Toni made 1,519.23 with his old salary
44,230/26=1701.15
Toni makes 1701.15 with his new salary.
Now you take the new paycheck and subtract it from the old paycheck.
1701.15-1,519.23=181.92.
Toni receives $181.92 more on each paycheck this year.
Answer:
The correct answer is Localization.
Explanation:
The location strategy in this scenario means focusing on each specific market in order to maximize sales and minimize costs, which is the main characteristic of this strategy. The decision of Garret's Tea Corp. will surely mean the relocation of some of its plants and the study of each market in order to determine the degree of penetration that can be implemented to meet its maximization objectives.
Answer:
The answer is net income
Explanation:
Net income is the difference the total revenue generated and the total cost(cost of sales, salaries, electricity etc.)
Materiality: A financial statement is said to material is when its misstatement or omission affects the opinion of its intended users.
Companies and auditors have agreed that anything under 5% of net income is considered not material, meaning any misstatement less than 5% of the net income is not considered to be important to alter the view of the users. In this kind of situation, auditors' opinion on the financial statement will be true and fair.
Answer:
Gross profit= $7,585
Explanation:
Giving the following information:
Units produced= 4,500 units
Units sold= 2,050 units.
Unitary variable cost= $3.5 per unit
Fixed manufacturing overhead= $5,850
The sales price of the products was $8.5 per unit.
Under the absorption costing method, the fixed manufacturing overhead is part of the product cost. Therefore, the units remaining in inventory have fixed costs incorporated.
Unitary cost= 3.5 + 5,850/4,500= $4.8
Sales= 2,050*8.5= 17,425
Cost of goods sold= 2,050*4.8= (9,840)
Gross profit= $7,585
