Answer:
Cullumber Company
Balance Sheet
As at 2022
Explanation: Amount in $
Current Assets
Accounts Receivable 12,500
Cash 13,000
Prepaid Insurance 6,600
Supplies 4,600
Total Current Assets 36,700
Non-Current Assets
Equipment (225,000-36,900) 188,100
Total Assets <u> </u><u>224,800</u>
Liabilities & Shareholders' Equity
Current Liabilities
Accounts Payable 10,600
Notes Payable 65,000
Salaries Payable 3,900
Total Current Liabilities 79,500
Equity
Common Stocks 97,000
Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300
Dividends (16,000)
Total Equity 145,300
Total Liabilities & shareholders' equity <u>224,800</u>
Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.
Describe an annuity.
The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.
many annuity types
There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.
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Answer:
$14,000
Explanation:
Company X Company Y
cost per equipment $75,000 cost per equipment $65,000
sales price $105,000 sales price $91,000
Both companies sold one unit and they exchanged clients in order to reduce shipping cost:
company X income = $105,000 (selling price) - $75,000 (COGS) + $14,000 (money received from company Y) = $44,000
company Y's income = $91,000 (selling price) - $65,000 (COGS) - $14,000 (money given to company X) = $12,000
This exchange resulted in company X's income increasing by $14,000, while company Y's income decreased by $14,000
Answer: 49.10 pee unit
Explanation:
Direct materials = $14.30
Add: Direct labor = 23.90
Add: Variable manufacturing overhead = 3.00
Add: Avoidable overhead = 28.30 - 28.40 = 0.10
Avoidable cost = 41.10
The maximum amount that the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 53,000 units required each year will be:
= 41.10 × 53000 + 424,000 / 53000
= 49.1 per unit
The answer is <span>Ensure performance.
</span><span>Ensure performance is the responsibility to make sure that all members of your organizations do their parts collectively in order to achieve company's goals.
This could be done through various performance evaluation such as minimizing human error by obligating your employee to follow a certain system/guideline.</span>
