Answer:
Option B, $45,000, is the right answer.
Explanation:
Given actual sales = $450000
Actual units that is sold = 30000 units
Actual selling price = $15 per unit
Planned sales = $540000
Planned units = 45000
Planned selling price = $12 per units.
The difference between actual and planned sales due to unit price factor = change in units × change in price
= (45000 – 30000) × (15 – 12)
= $45000
Thus option B is correct.
Answer:
$464,968.53
Explanation:
Calculation to determine how large must the lump sum be to leave him as well off financially as with the annuity
Using Financial calculator to find the PRESENT VALUE (PV)
N 15 years
I/YR 7.5%
PMT $49,000 per year
FV $0
Hence;
PV= $464,968.53
Therefore how large must the lump sum be to leave him as well off financially as with the annuity is $464,968.53
Answer:
$119,400
Explanation:
Given that,
Opening, balance in the prepaid insurance account = $66,400
paid for insurance = $104,000
At the end, Balance in the prepaid insurance account = $51,000
Total amount paid:
= Opening, Balance in the prepaid insurance account + Paid for insurance
= $66,400 + $104,000
= $170,400
Insurance expense for 2021:
= Total amount paid - At the end, balance in the prepaid insurance account
= $170,400 - $51,000
= $119,400
A standard business plan will not include an employee summary.
All of the other options are always included in a business plan to assess the feasibility of the venture.
Answer: False
Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.
It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.