<span>If a company's actual results for revenues, net profits, EPS, and ROE turn out to be worse than projected, then it is usually because a</span> company might lose its sales revenue and market share if it is unable to respond rivals market strategy.
A seven business functions that can be found in the
supermarket can namely be the following; human resources, marketing, advertising,
sales, computing, accounting and purchasing as they are important for a
business to be kept going that is why they are named as business functions.
Answer:
The product cost for 24,500 units is $497,350.
Explanation:
The reason is that the the product cost always includes all the variable production cost and specific fixed production cost. In this scenario, direct material cost, direct labor cost, variable manufacturing overhead cost are variable production cost whereas the fixed manufacturing cost is specific fixed production cost which will form part of product cost. The remainder of the cost left is period cost.
Direct materials (24,500 * $7.7 per unit) $188,650
Direct labor (24,500 * $4.7 per unit) $115,150
Variable manufacturing overhead (24,500 * $2.2 per unit) $53,900
Fixed manufacturing overhead (24,500 * $5.7 per unit) <u>$139,650 </u>
Total product costs $497,350
Answer:
18 Days
Explanation:
Average collection period denotes the number of days between the day when sales are made and invoice is issued to the day when amounts are received. Average collection period is calculated as follows:
Average collection period = (Average Accounts Receivable balance / Credit Sales) * 365
Average collection period = (20,000 / 400,000) * 365 = 18 days.
Note: Usually companies use 365 days for calculation purposes, however 360 days' year can also be used for calculation purposes.
