<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
Answer:
The lowest selling price Geneva should accept for this purchase order is $26 per unit. So, the correct option is b.$26.00
Explanation:
For computing the lowest selling, following thing is need to be considered.
1. Variable manufacturing cost
2. Variable selling and administrative cost
Other cost like selling price, Fixed manufacturing costs, Fixed selling and administrative costs is not been considered because the fixed cost does not have any impact if the production level changes and the selling price is irrelevant. So, these costs are not be taken in the computation part
Hence, the lowest selling price is equals to
= Variable manufacturing cost + Variable selling and administrative cost
= $20 + $6
= $26 per unit
Thus, the lowest selling price Geneva should accept for this purchase order is $26 per unit. So, the correct option is b.$26.00
Answer:
Fiona Sporty
Indication of Journals for Transactions:
a) Purchased inventories on credit (Purchases Journal)
b) Sales of inventory on credit (Sales Journal)
c) Received payment of a customer’s account (Cash Receipts Journal)
d) Payment of monthly rent by cheque (Cash Payments Journal)
e) End of period closing entries (General Journal)
Explanation:
Journals are used to record business transactions as they occur on a daily basis. They are the first records of business transactions in the accounting books. From the journal, transactions are posted to the general ledger. Journals also determine the accounts to be debited and credited respectively. While some of these journals are for specific transactions, e.g. Purchases Journal, the General Journal is mostly used for all transaction-types, but more especially for adjusting and closing entries and for correction of accounting errors.
Answer:
A) $200,000 to Jack
Explanation:
Jack is the primary beneficiary to his late wife's life insurance policy and since he is still alive, so he should get the whole $200,000.
His daughters, Mimi and Ann, are the contingent beneficiaries. That means that in case Jack had died before his wife or he was incapacitated for some reason, then they would have become the beneficiaries of the insurance policy (and each would have received $100,000).
Answer:
Target impression share.
Explanation:
- Strategy of Google ad, which automatically bids up your ad according to the requirement.
Since, Rashid doesn't have much time to look after the bidding process, he should go for this strategy as it doesn't require advertiser's time, Google does everything by itself.