At Moss’ target net income the sales revenue will be $227, 500
<u>Solution:</u>
Sales revenue required to attain target net income of $35,000 will be as follows,
Fixed Cost of $56,000 + target net income of $35,000 / Contribution margin ratio of 40% = $227, 500
$227, 500 - Most must generate sales of $227,500 to earn a net income of $35,000
Answer:
Explanation:
a. In this transaction, the cash balance is reduced by ($120) and no impact on the net income as the purchase is made so there is an outflow of cash
b. In this transaction, the cash balance has no impact and the net income balance is reduced by ($30) as it is treated as an expense
c. In this transaction, the cash balance has no impact and the net income balance is increased by $1,400 as the revenue is made
d. In this transaction, the cash balance is increased by $750 and no impact on the net income as there is an inflow of cash
e. In this transaction, the cash balance is reduced by ($2,900) and no impact on the net income as there is an outflow of cash
f. In this transaction, the cash balance has no impact and the net income balance is decreased by ($580) as depreciation is a non-cash expense
Answer:
D. Corn is not used in the production of other goods.
Explanation:
D is the only option that can be an argument for the total value of the corn produced to be included as corn for the same year in the GDP.
This is due to the fact that only the final production is recorded in the GDP, this means that no goods are registered that are going to be part of other productive processes (generally raw materials) since double accounting would be incurred.
If for example, corn were part of another productive process and this productive process begins next year, that part of the corn used to produce that good would be included in the GDP of the year in which the product will be produced (the one that corn is used in the production).
This means that the lobbyist can only rely on option D (include all the value of corn for the year in which it was produced) if in this country the corn is not part of another productive process.
Answer:
The correct answer is 8.679%.
Explanation:
According to the scenario, the given data are as follows:
Face value (F) = $1,000
Bond value (B)= $955
Time (t) = 18 years
Yield (r) = 9.2%
First we calculate the coupon payment:
Let coupon payment = C
then,
B = C × 
By putting the value, we get
$955 = C× 
$955 = C × 8.64 + 205.11
C = 86.79
So, Coupon Rate = Coupon Payment ÷ Face value
= 86.79 ÷ 1000
= 0.08679
= 8.679%
Answer:
$ 30,000.00
Explanation:
The cost of warranty is expensed the same period the sale is made. Warranty can be estimated, and expensing them together with sale matches a sale and its relevant cost.
<u>In this case: </u>
Estimated warranty @ $15 dollar per unit sale
total unit sold =2000
Warranty amount = $15 x 2000
=$ 30,000.00
To be expensed when the sale is made
