Answer:
$59,400
Explanation:
Operating income = Contribution - Fixed Costs
therefore,
<u>At the activity of 28,000 units results will be :</u>
Contribution (28,000 units x $3.50) $98,000
Less Fixed Costs ($38,600)
Operating Income $59,400
Thus,
The operating income expected if the company produces and sells 28,000 units is $59,400
The demand for cheap pizza will <span>decrease because demand for cheap pizza is negative related to income.
a relation could be considered as negative if the correlation between two events opposing one another. As students finds high paying job, they are now able to buy more expensive pizza, which means that a number of customers for cheap pizza will be decreased</span>
<span>The mechanism, process, or means by which buyers and sellers are brought together.</span>
Answer:
$1,532,700.
Explanation:
We know that the total budgeted overhead equals to
= Variable overhead + fixed overhead
where,
Variable overhead = (June sales units + July sales units × given percentage - beginning inventory units) × variable overhead per unit
= (299,000 units + 309,000 × 20% - 59,800 units) × $3.70
= (299,000 units + 61,800 units - 59,800 units) × $3.70
= $1,113,700
And, the fixed overhead is $419,000
Now put these values to the above formula
So, the value would be equal to
= $1,113,700 + $419,000
= $1,532,700.
The July sales units × given percentage is ending inventory units
Answer:
The correct answer is Option B.
Explanation:
Stockholders' equity comprises retained earnings, common stock and premium on common stock. Retained earnings are an accumulation of net income or loss over years. The effects of the transactions in Year 1 are as follows:
1) Acquired $1,050 cash from the issue of common stock - increase common stock and cash by $1,050
2) Borrowed $520 from a bank - this increases Cash and Liabilities by $520 - nil effect on stockholders' equity
3) Earned $750 of revenues - this increases net income/Retained Earnings by $750
4) Paid expenses of $270 - reduction in net income/Retained Earnings by $270
5) Paid a $70 dividend - reduces Retained Earnings by $70
Overall, stockholders' equity = $1,050 + $750 - $270 - $70 = $1,460