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garri49 [273]
2 years ago
12

A joint production process at Berry Lane Farm results in two​ products, blackberry syrup and blackberry jam. The following cost

and activity data relate to these two​ products: Blackberry syrup Blackberry jam Joint costs allocated ​$10,000 ​$12,000 Number of units produced from joint process Selling price at splitoff point ​$1.75 Selling price after processing further ​$2.00 Cost of processing further Blackberry syrup can be sold asis ​(at the splitoff ​point) for per​ unit, or it can be processed further into a specialty blackberry juice and then sold for per unit. If blackberry syrup is processed further into the specialty blackberry​ juice, what would be the overall effect on operating​ income?
Business
1 answer:
liubo4ka [24]2 years ago
3 0

Answer: C. $ 2,750 net increase in operating income

Explanation:

Income if Blackberry syrup is sold as is;

= Sales price * No. of units

= 2.90 * 1,900

= $5,510

Income if Blackberry Syrup is processed further;

= (Sales price * No. of units) - Processing costs

= ( 5.4 * 1,900) - 2,000

= 10,260 - 2,000

= $8,260

Difference;

= 8,260 - 5,510

= $2,750

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Veronika [31]

Answer:

$58.729

Explanation:

To find the answer, we need to use the present value of an annuity formula.

The formula is:

P = X [(1 - (1 + i)^-n) / i ]

Where X is the annual instalment

P is the present value of the investment (500,000 in this case)(

i is the interest rate (10% in this case)

and n is the number of periods (20 years in this case)

We now plug the amounts into the formula:

500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]

500,000 = X [8.51356]

500,000 / 8.51356 = X

58,729 = X

So the value of the equal annual instalment will be $58.729

7 0
3 years ago
The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the
amm1812

Answer:

See the errors identified below.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answer is now given as follows:

The following errors can be identified in the accountant's adjusting entries:

1.The accountant debited the account receivable for $5,000 (i.e. $23,250 - $18,250 = $5,000) without crediting laundry revenue.

Therefore, we should have:

Correct amount of laundry revenue = Laundry revenue in trial balance + (Adjusted account receivable - Unadjusted account receivable) = $182,100 + ($23,250 - $18,250) = $187100

2. The accountant debited laundry suppliers expense instead of crediting laundry suppliers for $3,000.

3. The the accountant credited Prepaid insurance for $3,600 (i.e. $5,200 - $1,600 = $3,600). However, the insurance expense was debited for $600.

4. Instead of crediting accumulated depreciation, the laundry equipment for depreciation expense was erroneously credited by the accountant for $13,000.

5. A debit of $1,000 to wages expense was not made by the accountant.

<u>Additional Note:</u>

After correcting the errors identified above, the correct adjusted trial balance will look as the one in the attached photo.

5 0
2 years ago
Sheffield Corp. budgeted costs for 65000 linear feet of block are: Fixed manufacturing costs $24000 per month Variable manufactu
yulyashka [42]

Answer:

$984,000

Explanation:

The computation of the budgeted total manufacturing cost is shown below:

Budgeted total manufacturing costs in March = Fixed cost + Variable cost

= $24,000 + ($16 × 60,000)

= $24,000 + $960,000

= $984,000

We simply added the fixed cost and the variable cost in order to find out the budgeted total manufacturing cost

7 0
3 years ago
Which of the following best explains what happens when a company or government issues bonds? A. The company or government pays b
kherson [118]

Answer:

The company or government goes into debt to those who purchase the bonds.( B.)

4 0
3 years ago
Sub-prime loan company is thinking of opening a new office, and the key data are shown below.
Nookie1986 [14]
To complete the above question, please see below:

Sub-Prime Loan Company is thinking of opening a new office, and the key data are shown below. The company owns the building that would be used, and it could sell it for $100,000 after taxes if it decides not to open the new office. The equipment for the project would be depreciated by the straight-line method over the project's 3-year life, after which it would be worth nothing and thus it would have a zero salvage value. No change in net operating working capital would be required, and revenues and other operating costs would be constant over the project's 3-year life. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.) 

<span>WACC 10.0% </span>
<span>Opportunity cost $100,000 </span>
<span>Net equipment cost (depreciable basis) $65,000 </span>
<span>Straight-line depreciation rate for equipment 33.333% </span>
<span>Annual sales revenues $123,000 </span>
<span>Annual operating costs (excl. depreciation) $25,000 </span>
<span>Tax rate 35%
</span>
The answer is <span>12,271</span>
5 0
3 years ago
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