Answer:
Incomplete question. Here's likely the complete question;
In this, the first case, Lee High, the newly hired cost accountant, computes the variable cost and the fixed cost per unit at a volume of 500 units of Great Heath per week. He uses this information to develop some guidelines for pricing. His boss, Charlton Blackheath, endorses the guidelines and adds a feature: a higher commission on sales at a higher price.
When both High and Blackheath are away, the file clerk, Adelaide Ladywell, accepts an order below the guidelines and is fired...Evaluate the decision made by Adelaide.
<u>Explanation:</u>
Although Adelaide Ladywell acted presumptuously (without permission), her decision was still profitable. By looking at the costs per unit presented, the product's selling price wasn't lower than the fixed costs, therefore her actions were not a totally bad one.
Answer:
$63,500
Explanation:
Calculatuon to determine the Final balance sheet value of inventory using the historical cost method
Using this formula
Final balance sheet value of inventory=Balance sheet value of firm's inventory+Supplies
Let plug in the formula
Final balance sheet value of inventory= $60,000+$3,500
Final balance sheet value of inventory= $63,500
Therefore Final balance sheet value of inventory is $63,500
Answer:
Residual income is $53,500
Explanation:
To compute residual income, we have to find first the required minimum return by multiplying the value of an asset by the rate of return. Afterwards, we will deduct the minimum rate of return from the total net operating income of the period.
Residual income = net operating income - (minimum rate of return x value of an asset)
• = $85,000 - ( 14% x $225,000 )
• = $85,000 - $31,500
• = $53,500 (answer)
Answer:
The correct answer will be Option A (unlimited).
Explanation:
- The potential loss which always relies on something like a potential occurrence happening or otherwise not happening. One such loss to such a writer's exposed put option on either a stock seems to be indefinite or unlimited.
- Unless the loss becomes probable as well as the sum could be calculated, the damage including responsibility must be reported with either the journal entry.
Other available scenarios aren't connected to the situation in question. So alternative A, therefore, the perfect solution.
