Answer:
The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50
Explanation:
The company paid the $1,350 premium on a three-year insurance policy.
The insurance expense per year = $1,350/3 = $450
From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.
The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5
A. Record journal entries
When creating .......................... that are true to your company's branding and use HEX VALUES to select the right colour whenever possible.
Hootsuite is a social media management platform. The software allow users to schedule and post updates to any page or profile on the various social media. The software also allows users to create their own campaigns, using the colours that represent their brands. Hex values are installed as part of the software to help users pick the right colours depending on their needs.
Answer:
$35,400
Explanation:
The computation of the increase in sales is shown below:
The Total sales value is
= Number of units sold × selling price per unit
= 2,950 units × $40 per unit
= $118,000
Now if the contribution margin increases by 30, so ultimately the sales is also increased by 30%
Therefore, the increase in sales is
= $118,000 × 30%
= $35,400
Answer:
If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.
Explanation:
given data
MC = MR.
average total cost of producing wheat = $26
price of wheat = $10
solution
As long as the cost of a bushel of wheat ($ 6) exceeds the variable production cost of a bushel of wheat ($ 4), the farmer should continue to produce wheat. He loses $ 2 per bushel, but loses $ 4 if he stops producing wheat.
If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.
