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3 years ago

The following information relates to a product produced by Faulkland Company:

Business

1 answer:

kvv77 [185]3 years ago

4 0

Answer:

$305,000 increased

Explanation:

As the total unit cost is given i.e $23

And, the customer has offered to buy 61,000 units at $22 each

In the case of special order, the effect on operating profits is

= Difference of cost × number of units to be offered for buying

= $5 × 61,000 units

= $305,000 increased

The difference is

= Buying price offered - direct material per unit - direct labor per unit - variable overhead per unit

= $22 - $8 - $5 -$4

= $5

The selling cost is not included. Hence, ignored it

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Inadvertently, morris leaves his backpack at nuway launderers when he stops to pick up his clothes. the backpack is:____.

vova2212 [387]

If Morris leaves his backup at nuway launderers when he stops to pick up his clothes then the backup is a mislaid property.

Given that Morris leaves his backup at nuway launderers when he stops to pick up his clothes.

We are required to find what backup is.

The backup is basically a mislaid property.

Mislaid property is basically any belonging of a person that was purposefully set around its proprietor and after that they forgot about that. There is a difference between lost property and mislaid property, for instance, a wallet that drops out of somebody's pocket is lost but a wallet incidentally left on a table in an eatery is mislaid.

Hence if Morris leaves his backup at nuway launderers when he stops to pick up his clothes then the backup is a mislaid property.

Learn more about mislaid property at brainly.com/question/13720929

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4 0

1 year ago

Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the an

vichka [17]

Answer: 1. $218750 ; 2. $231, 250 ; 3. $11562.50

Explanation:

1. The bonds with a par value of $250,000 and implied selling price of 87 ½.

Cash proceed = 250,000 × 87.5%

= $218,750

2. Since it's semiannual interest payments, the total amount of bond interest expense that will be recognized over the life of these bonds will be:

[20 × (250,000 × 8% × 6/12)]+ $250,000 - $218,750

= $200,000 + $250,000 - $218,750

= $231, 250

3. The amount of bond interest expense recorded on the first interest payment date will be:

= Total bond interest expense/number of payments

= $231,250/20

= $11562.50

5 0

3 years ago

On March 1, 2018, Gold Examiner receives $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold ba

photoshop1234 [79]

Answer:

<u><em>there are two performance: </em></u>

the sales revenue and the insurance.

cash 165,000 debit

unearned revenues 165,000 credit

--to record collectiong from local bank

unearned revenues 165,000 debit

sales revenues 151,000 credit

insurance liability 9,900 credit

--to record gold delivered to Brink's--

insurance liability 9,900 debit

insurance fees earned 9,900 credit

--to record reception of bank from Brink/end of the insurance--

Explanation:

sales revenue

100 x 1,410 = 141,000 = 94%

insurance:

100 x 90 = 9,000 = 6%

total 150,000

combo: 165,000

sales revenue: 165,000 x 94% = 155,100

insurance fee earned: 165,000 x 6% = 9,900

7 0

3 years ago

Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?

AURORKA [14]

Answer:

B) C and D

C. Whole life insurance
D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

Permanent life insurance policy, other than a group and term life insurance policy
An annuity contract, other than a group annuity contract
Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

5 0

3 years ago

In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,

IrinaK [193]

Answer:

a. Premium

b. Discount

c. Discount

Explanation:

a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 7% - 6% = 1% premium

Therefore, Valley's bond will sell at a premium.

b. Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, Spring's bond will sell at a discount.

c. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent for similar investments.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, River Inc.'s bond will sell at a discount.

3 0

3 years ago