Answer:
$108,200
Explanation:
Marketing and Administrative Budget
Budgeted unit sales 4,900
Variable marketing and administrative expense per unit *<u>$4.80 </u>
Variable marketing and administrative expense $23,520
Fixed marketing and administrative expense <u>$93,100</u>
Total marketing and administrative expense $116,620
Less: Depreciation <u>$8,420 </u>
Cash disbursements for marketing <u>$108,200</u>
and administrative expenses
Answer: I'm not too sure but I'd go with B!
Answer: E) debit Contributed Capital, Treasury Stock, $1,800
Explanation:
Treasury stock was bought at price of;
= 22,000/1,000
= $22
Sold 600 for $25 so they made a profit of;
= (25 - 22) * 600
= $1,800
This gain was sent to Contributed Capital, Treasury Stock.
Now that stock is to be sold on March 1, it is sold at $15. Loss from initial purchase is;
= ( 22 - 15) * 400
= $2,800
Debit Contributed Capital, Treasury Stock of the maximum amount it can be debited of to reflect this loss which would be $1,800 which was gained in the February purchase. The rest of the loss will go to Retained earnings.
Answer:
mixed cost
Explanation:
Southern Food Service pays their employees on both a fixed and variable manner:
- managers are paid on a monthly fixed way ($4,200 per month) ⇒ fixed cost
- the rest of the employees are paid on an hourly basis, which obviously varies depending on the amount of hours each person works ⇒ variable cost
Answer:
Reverse annuity mortgage RAM
Explanation:
