Answer: $2,880,000
Explanation:
= Direct costs + Indirect costs
= Direct labor + Direct materials + Indirect labor + factory utilities + factory depreciation
= 760,000 + 1,520,000 + 50,000 + 150,000 + 400,000
= $2,880,000
Answer:
The answer is: A) The petrochemical industry benefits if accidents do not occur, since accidents involve risk of employee injury as well as loss of equipment and product.
Explanation:
The basis for this statement would be a benefit cost analysis. Organizations make decisions by analyzing the benefits of an action versus the costs of taking that action. If the benefits are higher than the costs, then they will profit from those actions.
In this case, petrochemical industries will probably lose more money if an accident happens than the money they can save form cutting costs on safety procedures. Financially it makes more sense to prevent accidents.
Answer:
a. 12 times
b. 30.42 days
Explanation:
Data provided in the question
Sales = $4,560,000
Average account receivable = $380,000
So, The computation is shown below:
a. Account receivable turnover ratio is
= Sales ÷ average account receivable (net)
= $4,560,000 ÷ $380,000
= 12 times
b. Now the number of days sales in receivable is
= Total number of days in a year ÷ account receivable turnover ratio
= 365 days ÷ 12 times
= 30.42 days
Answer:
b. $600,000
Explanation:
Amount to be reported = Outstanding service contracts for 2012, 2013 and 2014
=$190,000 + $285,000 + $125,000
=$600,000
$600,000 should be reported as unearned service revenues in Denny's Co. December 31, 2015 balance sheet.
Answer:
the amount of sales revenue recorded is $86,234
Explanation:
The computation of the amount of sales revenue recorded is shown below:
= Annual payments × PVAD of $1
= $19,500 × 1+(1 - (1.10)^-5) ÷ 0.10
= $86,234
Hence, the amount of sales revenue recorded is $86,234
We simply applied the above formula
