Answer:
Income statement will have an increased expense of $4.8 million and Revenue and cost of goods sold will decrease. In balance sheet the inventory will be decreased by the amount of crib toy inventory available.
Explanation:
Income Statement will show an expense of $4.8 million in this period as the cost of recall of inventory due to health hazard. Also sales and cost of goods sold will decrease by the amount of sales of crib toy in sales and by the amount of crib toys cost in cost of goods sold and will ultimately result in decrease in a gross profit of a company.
In the Balance Sheet the amount of Inventory will be decreased by the amount of crib toys available in stock.
Answer:
The projected Net Income is $70,784
Explanation:
The Pro- forma income Statement
Working Note:
Variable cost = Sales × 44%
= $585,000 × 44%
= $257,400
EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation
= $585,000 - $257,400 - $187,000 - $51,000
= $89,600
Net Income = EBT × Tax rate
= $89,600 × 21%
= $70,784
Answer:
empathizing; communication
Explanation:
Communication is the process of the exchange of thoughts and ideas. In this process the information is communicated by the sender and the receiver is intended to receive the same. The receiver shares the feedback and responds to the message and this brings an end to an active communication. The skills required for a heathy communication are listening, speaking, observing and empathizing. These skills helps in communicating the messages in smooth and better way.
Answer:
The correct answer is D: $13
Explanation:
Giving the following information:
Cost per Unit Cost per Period:
Direct materials $ 6.20
Direct labor $ 2.80
Variable manufacturing overhead $ 1.45
Fixed manufacturing overhead $ 12,000
Sales commissions $ 1.00
Variable administrative expense $ 0.55
Fixed selling and administrative expense $ 4,000
Price= 25
Contribution margin= Price - variable costs
Variable costs= direct materials + direct labor + variable manufacturing overhead + sales commissions + variable administrative expense
Variavle costs= 6.20 + 2.80 + 1.45 + 1 + 0.55= $12
Contribution margin per unit= 25 - 12= $13
PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT
