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Montano1993 [528]

2 years ago

9

Gabriel Corporation has fixed costs of $180,000 and variable costs of $8.50 per unit. It has a target income of $268,000. How ma

ny units must it sell at $12 per unit to achieve its target net income?

1 answer:

baherus [9]2 years ago

5 0

Answer:

uh... 180 divide by 8.5... multiply to 12

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. Doug purchased a new factory building on January 15, 1990, for $400,000. On March 1, 2017, the building was sold. Determine th

erma4kov [3.2K]

Answer:

e. None of the above

Explanation:

Purchase Value of Machinery = $4,000,000

Life of building = 30 years

Depreciation per year (assuming no 5% residual value)

= (4,000,000 - 200,000)/30

= $ 126,667

Dep. till December 31, 2016 = 126667*21 years

= $2,660,000

Dep. till March 1, 2017 from December 31, 2016

= (122667*2)/12

= $21,111

Total Dep. till March 1, 2017 = $2,660,000 + $21,111

= $ 2,681,111

Cost of recovery deduction = $4,000,000 - $2,681,111

= $ 1,318,889

Therefore, The cost recovery deduction for the year of the sale is $ 1,318,889

6 0

3 years ago

Which of the following has made it possible for humans to travel large distances throughout their history?

MaRussiya [10]

Answer:

The oceans/ships

Explanation:

Most of the earth is covered by water, and that water made it possible for humans to travel long distances throughout their history. From the early history; crusaders, pirates and other generations have been developing ships to move across the countries and continents to trade and invade. In that regard, they used vast oceans to travel large distances

7 0

3 years ago

Read 2 more answers

Suppose that you want to create a "college fund" for your newborn child and place $300 in a bank account at the end of each of t

Sever21 [200]

Answer:

Amount at the end of twentieth year is $12,300

Explanation:

Annuity means a set of fixed amount of payments either made to you or paid by you , at a fixed number of times over a course of defined period.

The case given in the question is of ordinary annuity , where fixed amount of payment are required at the end of each period.

FORMULA FOR FUTURE VALUE ORDINARY ANNUITY =

Where, C(cash flow) = $300,

I(interest rate) = 7%

N(number of period) = 20

FV ( Future value)

$FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= CASH\ FLOW(C)\times \left [ \frac{1+I^{N}-1}{I} \right ])$

$FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{1+7\%^{20}-1}{7\%} \right ])$

$FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 1.07\ ^{20}-1}{7\%} \right ])$

$FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 3.87\ -1}{7\%} \right ])$

$FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 2.87}{7\%} \right ])$

= 861/7%

= $12,300

8 0

3 years ago

1. Greet the customer and thank them for contacting our company

Yakvenalex [24]

In order to convey messages to customers in both a casual and professional voice, you need to include planned and clear sentences.

<h3>How would the message be conveyed both informally and formally?</h3>

A good reference point for communicating the above informally and professionally is:

Good afternoon, my name is William Warwick. Thank you for contacting (company name). How may I be of service?
We sincerely apologise but due to a storm on the East Coat, our logistics services have taken a hit which has resulted in several orders including yours, being delayed.
We deeply apologise for any inconvenience caused and want you to know that we are working round the clock to fix things.
If you require further assistance, don't hesitate to reach us at 555-555-5555 from Monday to Friday between the hours of 8am to 8pm.
Thank you for calling (company name). Do have a pleasant day.

The first part of the question is:

Please communicate the following information to the customer in both a casual voice, and a professional voice.

Find out more on customer communication at brainly.com/question/26448585.

#SPJ1

6 0

1 year ago

Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured fo

liraira [26]

Answer and Explanation:

a. The Preparation of cost of goods manufactured for the year ended December 31 is prepared below:-

<u>Jersey Metalworks</u>

<u> Cost of goods manufactured </u>

<u>for the year ended December 31</u>

<u>Particulars Amount</u>

Direct materials

Raw materials, January 1 $32,000

Add:

Raw materials purchases $325,000

Raw materials available $357,000

Less raw materials, December 31 $28,000

Direct materials used $329,000

Direct labor $268,000

Factory overhead costs:

Depreciation expense-

Factory equipment $52,400

Factory supplies used $12,000

Indirect labor $35,000

Indirect material $24,000

Factory insurance $15,500

Factory utilities $14,000

Factory maintenance $7,500

Rent expense—Factory $50,000

Total factory overhead costs $210,400

Total manufacturing costs $807,400

Add:

Work in Process inventory, January 1 $33,780

Total cost of work in Process $841,180

Less work in Process inventory,

December 31 $37,460

Cost of goods manufactured $803,720

b.The Preparation of income statement is prepared below:-

<u>Jersey Metalworks</u>

<u> Cost of goods manufactured </u>

<u>for the year ended December 31</u>

<u>Particulars Amount</u>

Sales $1,452,000

Less: sales discounts $29,000

Net sales $1,423,000

Cost of Goods Sold

Finished goods inventory,

January 1 $56,970

Cost of goods manufactured $803,720

Goods available for sale $860,690

Less finished goods inventory,

December 31 $62,000

Cost of Goods Sold $798,690

Gross Profit $624,310

Operating expenses

Selling expenses

Sales salaries expense $97,500

Depreciation expense - Delivery

vehicles $36,200

Advertising expense $22,350

Rent expense-Selling space $24,000

Total selling expenses $180,050

General and administrative expenses

Administrative salaries expense $135,000

Depreciation expense- Office

equipment $24,800

Rent expense-Office space $24,000

Total general and administrative

expenses $183,800

Total operating expenses $363,850

Income before taxes $260,460

Income taxes expense $91,500

Net Income $168,960

We simply applied the above format to prepare the cost of goods manufactured and the income tax

7 0

2 years ago