Answer:
The contribution margin per unit is $6.
Explanation:
Contribution margin is calculated by deducting all variable costs from the price of the product. It is used to calculate the products direct contribution in the earnings.
Price of product = $36 per unit
Cost of product = $30 per unit
Contribution margin = Price - cost
Contribution margin = $36 - $30
Contribution margin = $6 per unit
Answer:
Total Liabilities = $62.273 million
Explanation:
<em>The accounting equation state that :</em>
Total assets = capital + liabilities.
<em>This is a fundamental relationship that underpins the preparation of financial statements</em>
<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>
So we can apply the equation to the figures of Chester Corporation
81.965 =( $2.540 + 17.152 ) + liabilities
Liabilities = 81.965 - ( $2.540 + 17.1552 )
= $62.273 million
Total Liabilities = $62.273 million
Answer:
B. straight-sell copy
Explanation:
Straight-sell copy advertisement is based on factual information about the product. This type of advertisements goes straight to the point of the ad.
Institutional copy ad is used to promote an institution and not a product.
Narrative copy ad is advertising using a story.
I hope my answer helps you
Answer:
False
Explanation:
The just in time (JIT) system was developed by Toyota in order to decrease inventory costs and improve overall efficiency. Since a car manufacturer uses tens of thousands of different parts and supplies, they have a lot of suppliers and the JIT works perfectly for them. So the first part is true.
But the main disadvantage with JIT systems is that it increases stockout and breakdown risks. Since the whole process must work very smoothly, any disruption can cause a lot of problems.
Answer:
D. Recording of income can be put off until the next tax year when the income is actually received.
Explanation:
The cash accounting system is one of the two accounting in use. The other one being the accrual method.
In cash accounting, revenues and expenses are recognized or recorded only when money changes hands. It means that transactions will be recognized in the period when the money is received or paid. Revenue will be recorded when money is received, and expenses will be recognized when payments are made. Practically, transactions from a previous period can be recognized in the following year when money is received.
