Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
Answer:
$3,003
Explanation:
Interest expense = Effective interest for first interest period × Period of time covered by adjusting entry.
Therefore:
Interest expense = $9,009 × 2/6 = $3,003
The adjusting entry will record interest for the two-month period conservatively which includes January and February, Year 1 in which It will include a debit to Interest Expense in the amount of $3,003.
Hence,
Dr Interest Expenses $3,003
The amount of interest expense that should be accrued by Maverick in an adjusting entry dated February 28, Year 1 is
$3,003
C because some people can not afford to buy private goods which leads them to be excluding them from the products a firm makes
Answer:
(A) 2 obligations
(B) Sales revenue for January: 449,232 dollars
Accounts receivales 449.232 debit
Sales revenues 449.232 credit
Explanation:
(A) there is two performance obligations
one is two deliver the musk soap
and the other is the warranty on the soap
nominal: 3,820 musk soap x $ 120 per unit = $ 458,400
less warranty of 2% 458,400 (1 - 0.02) = $449,232
