Answer:
$13,000
Explanation:
<em>Rune Co.'s</em>
<em>As of December 31</em>
Balance as per Bank Statement $10,000
(+) Bank credits and collections $4,000
(-) Bank errors overstate book balance $1,000
Correct Cash Balance $13,000
Answer:
152,600 units
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Units Completed in the period = 37,000 + 122,000 - 32,000 = 127,000
Equivalent Units = 127,000 + (32,000 x 80%) = 152,600 units
Answer:
$5,400
Explanation:
The computation of effect on net income is shown below:-
Incremental revenue $109,200
(5,200 × $21)
Less: Variable cost $93,600
(5,200 × $18)
Less: Shipping cost $10,200
(5,200 × $2)
Incremental profit (loss) $5,400
Therefore, The Net income increases by $5,400 with the above computation.
I believe the answer is A: Current ratio. It’s the only one that makes sense.
Answer:
The correct answer is c. economies of scale.
Explanation:
The situation in which a company reduces its production expenses by expanding is called economy of scale. It is a situation in which the more it occurs, the cost that the company has to manufacture a product is lower.
There is a greater benefit for every extra unit we produce. This reduction in the cost of unit manufacturing is not reduced because the price of raw materials goes down, but to take advantage of a material that we have already bought and in which we invested money in the past.
Therefore, it occurs especially in situations in which the company buys more facilities. If we buy a machinery, the way to take advantage of it is to produce more since it is the way that we get a greater benefit, by taking advantage of the same machinery to produce more products, the unit cost of each product is lower. And we will get more benefit the more we produce. This benefit will be greater since we will not have to increase manufacturing costs since we have already had it before.
