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djyliett [7]
3 years ago
7

Llywelyn, Inc. reports the following information for​ July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 O

perating Income 380 comma 000 What is the total fixed cost using variable​ costing? A. $ 420 comma 000 B. $ 800 comma 000 C. $ 180 comma 000 D. $ 580 comma 000
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

A. $ 420,000

Explanation:

We have to find the missing information

Sales revenues            1,000,000

variable cost              <u>    (200,000)</u>

Contribution Margin       800,000

Fixed Cost                <u>            X         </u>

Operating Income          380,000

Contribution margin - operating income = fixed cost

$800,000 - $380,000 = fixed cost

fixed cost =   $420,000

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The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo
____ [38]

Explanation:

The adjusting entry is as follows

Insurance expense A/c Dr  $4,800

           To Prepaid insurance A/c  $4,800

(Being the insurance expense is recorded)

The computation is shown below:

= Beginning balance + debited amount - unexpired insurance amount

= $6,600 + $2,300 - $4,100

= $4,800

So while preparing the adjusting entry, we debited the insurance expense account and credited the prepaid insurance account

8 0
3 years ago
A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
Phantasy [73]

Answer:

32

Explanation:

First bounce = 13 / 14 × 10 = 130 /14

using geometric progression where the common ratio = 13/14, the first bound = 130/14

ar^n-1 < 1

substitute the values into the equation

130 /14 × 13/14^(n-1) < 1

(13/14)^n-1 < 1÷ (130/14)

(13/14)^n-1 < 14 / 130

take log of both side

log (13 /14)^n-1 < log ( 14/130)

n-1 log (13 /14) < log  ( 14/130)

since log (13/14) negative

n-1 > (log( 14/130)) ÷ ( log (13/14)

n - 1 > 30.07

n > 30.07 + 1 > 31.07

The 32 bounce will the first less than 1 foot

3 0
3 years ago
. Dallas Wildcat Drilling Co. sells an oil-drilling rig for $3,000,000. The drilling rig was purchased in 2013 for $2,000,000. D
olga2289 [7]

Answer:

$2,200,000 gain

Explanation:

When the amount received from the disposal of an asset is lower than the carrying or net book value (NBV) of the asset, the company makes a loss on disposal otherwise, the company makes a gain on disposal.

The carrying amount of the asset is the difference between the asset's cost and accumulated depreciation as at the date of disposal.

Asset NBV = $2,000,000 - $1,200,000

= $800,000

Gain/(loss) on disposal = $3,000,000 - $800,000

= $2,200,000

5 0
3 years ago
How do you apply force field analysis and brainstorming techniques to a complex business
cluponka [151]

Brainstorming is a technique for the decision making, it encourages arguments between the individuals but this sometimes result in conflicts and disagreements.

<h3 /><h3>What is decision making?</h3>

Decision making is the technique in which the decision is decided, according to the situation and after careful analysis of the environment decision is made.

Force Field technique is a decision making technique, in this technique the participants write the decision in the middle of the paper and list the forces that require and resisting changes.

Decision making techniques are important and should be used to make an effective decision, in a complex business it is difficult to apply the technique but it is also important to implement the technique.

Brainstorming is the technique in which all the participants sit together and share their ideas while some challenge the ideas and so a decision with an agreement is made.

Learn more about Decision making at brainly.com/question/27272241

#SPJ1

6 0
2 years ago
Assume a company makes only three products, B, C, and D:
Vsevolod [243]

Answer:

d) $13

Explanation:

contribution margin per unit:

  • product B = $45
  • product C = $39
  • product D = $25

contribution margin per machine hour:

  • product B = $45 / 2.5 = $18
  • product C = $39 / 3 = <u>$13</u>
  • product D = $25 / 1.25 = $20

the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).

8 0
3 years ago
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