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Alenkinab [10]
3 years ago
11

The Freed Corporation produces three products, X, Y, Z, from a single raw material input. Product Y can be sold at the split-off

point for total annual revenues of $50,000, or it can be processed further at a total annual cost of $16,000 and then sold for $68,000. Which of the following statements is true concerning Product Y?
Business
1 answer:
dexar [7]3 years ago
3 0

Answer:

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

Explanation:

Giving the following information:

Product Y can be sold at the split-off point for total annual revenues of $50,000, or it can be processed further at a total annual cost of $16,000 and then sold for $68,000.

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

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skad [1K]

Answer:

c

Explanation:

8 0
2 years ago
The board of directors of Yancey Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock outstandin
Ivahew [28]

Answer:

<em>Increase to Cash dividends</em>

Explanation:

The entry on declaration of dividend is Retained earnings debit and credit is given to dividend payable. The cash dividend will increase to shareholders as a result of this action. The dividend payable will increase. Cash is not affected when dividends is declared. Cash is affected only when dividend is paid on August 15, 2017. Cash dividend will not decrease since dividend is paid it will increase. There are total 2 entries passed one on July 15th for dividend declaration and on August 15th for dividend payment. The record date of July 31 is only for determining which shareholders are eligible for dividend and no entry is needed.

5 0
2 years ago
Sment
nexus9112 [7]

Roads, schools, and

emergency services are funded by the government through the taxes.

Explanation:

Government collects taxes for the functioning of the government machineries. The reasons the taxes to be collected from the citizens of US are listed in the Article I, Section 8 of constitution of US. The three main types of taxation are as follows namely,

1. Progressive tax

2. Regressive tax

3. Proportional and flat tax.

Taxes are levied on the property, sales, income, dividends, imports, capital gains, payroll, gifts or estates. Eritrea and USA are the only countries that taxes non-residents on worldwide income as much as they tax the residents.

4 0
3 years ago
Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid
mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

Shipping cost = $1,000

Sales tax = $6,500

Salvage value = $40,000

Useful life = 10 years

Now,

Purchasing price = List price - Discount

Purchasing price = $168,000 - [10% × $168,000]

Purchasing price = $168,000 - $16,800

Purchasing price = $151,200

Costs that are directly related to the purchase of asset are capitalized.

Thus,

Cost = Purchasing price + Shipping costs + Sales tax

Cost = $151,200 + $1,000 + $6,500

Cost = $158,700

Now,  

Annual straight line depreciation = \frac{Cost-Residual Value}{Useful life}  

Annual straight line depreciation = \frac{158,700 - 40,000}{10}  

Annual straight line depreciation = \frac{118,700}{10}  

Annual straight line depreciation = $11,870

8 0
2 years ago
A small assembly line currently produces 8000 widgets per week. Assume that there are two inputs: labor and materials. There are
Ostrovityanka [42]

Answer: 1 widget per dollar

Explanation:

The weekly productivity level for this operation will be calculated thus:

Output = 8000 widgets per week.

Input = Labor Cost + Material Cost

= (5 × 40 × $15) + (100 × $50)

= $3000 + $5000

= $8000

Productivity = Output / Input

= $8000 / $8000

= 1 widget per dollar

5 0
2 years ago
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