Answer:
a.$20 per keyboard
Explanation:
The computation of the variable cost per computer keyboard is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead per unit
= $10 per unit + $6 per unit + $4 per unit
= $20 per keyboard
Basically, we added the Direct material per unit, Direct labor per unit, and the Variable overhead per unit so that the variable cost per computer keyboard could come
Answer:
Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The purpose of internal controls is that companies use strong internal controls to guarantee that loss is eliminated as there's an accurate and reliable accounting system.
Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Internal control systems are required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Answer:
B) existing carriers prevented from responding to new entrants' lower prices
Explanation:
The theory of contestable markets refers to markets with no entry or exit barriers. It was developed by William Baumol. In a contestable market, the number of participating firms is not important. For example, an oligopoly might exist, but if the entry barriers are low they will be forced to act competitively.
What makes existing firms competitive in this type of market, is the risk of new competitors entering the market and reducing their market share. That is why companies will try to make normal profits, because if they are too profitable, lots of potential competitors might enter the market and grab their customers.
Answer:
So the break even point is increased by 4,125 units
Explanation:
The computation is shown below:
As we know that
Break even point in units is
= (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
So the current break even point is
= $270,000 ÷ ($40 - $24)
= $270,000 ÷ $16
= 16,875 units
And, if mary ideas are used, so break even point is
= ($270,000 + $24,000) ÷ ($38 - $24)
= $294,000 ÷ $14
= 21,000 units
So the break even point is increased by 4,125 units by taking the difference
Answer:
The answer is: Cash and marketable securities $5,406,393
Explanation:
We have:
+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;
+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)
+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274
+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333
=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.