Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
Answer:
1. b. $120,000
2. a. $62,000
3. a. $58,000
Explanation:
1. Since the Subsidiary has <u>sold the entire inventory to an unaffiliated company</u> on November 21, 20X8, Then the sales to the group will be the amount at which a third party has bought it which is $120,000
2. Since the Parent had produced the inventory which has now been entirely sold out of the group, for $62,000. then the cost of goods sold to the group is the amount at which the parent produced it.
When the group is being consolidated all inter-company profits and transfer costs are eliminated and ignored to get the true picture of the transactions at arms length.
3. The consolidated amount of net income will be the amount at which the group bought it less the amount at which they sold it which is $120,000 - $62,000 = $58,000
Answer:
$50,820
Explanation:
Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense
= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit
Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit
Selling price per unit for special order = $77.40 per unit
Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit
Number of units for Special order = 2,100 units
Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820
Hope this helps!
Answer:
B. the percentage change in the quantity demanded divided by the percentage change in price.
Explanation:
The formula to compute the price elasticity of demand is shown below:
= (Percentage change in quantity demanded ÷ Percentage change in price)
where,
The Percentage change in quantity demanded equals to
= (New quantity - old quantity) ÷ ((New quantity + old quantity)
And, the Percentage change in price equals to
= (New price - old price) ÷ ((New price + old price)
