The federal government uses the revenue from the fica (federal insurance contribution act) tax to pay for

The rate of return on _____ is known at the beginning of the holding period while the rate of return on ____ is not known until

-BARSIC- [3]

Answer: B. Treasury bills, risky assets

7 0

3 years ago

The Buttercrust Pizza Company sells pizzas in two different sizes—medium and large. The number of medium pizzas sold is twice th

Ivenika [448]

Answer:

False

Explanation:

The weighted average contribution margin is calculated by multiplying individual contribution margin with respective size pizzas (i.e number of units sold) then total contribution margin (i.e of both medium and large size) is divided upon total number of units sold, see as follows:

According to Buttercrust Pizza company's sales data medium pizzas sold are twice the number of large pizzas. Now here we have to take an assumption since we aren't given actual sales units. Keeping in mind the sales data we can assume that 100 units of medium pizzas and 50 units of large pizzas are sold during the period.

Contribution margin of medium pizza: (CM× units of medium size pizzas)

Contribution margin of large pizza: (CM× units of large size pizzas)

Contribution margin of medium pizza: $10× 100 = $1000

Contribution margin of large pizza: $22× 50 = $1100

Total contribution (of both pizza sizes) = $2100

Total sales units (of both pizza sizes) = 150

The weighted average contribution margin is calculated as follows:

WACM= $2100÷ 150

WACM= $14

(Disclaimer: the solution of this question has been concluded using self-induced assumptions.)

4 0

3 years ago

Becky wants to buy a new cell phone. she asks her friends who are technologically savvy to recommend a good, lightweight phone t

klasskru [66]

d. external information search Becky asked others for their opinions, they aren't marketing controlled necessarily but are certainly marketing influenced. If they are savvy then they read a fair amount on the subject from magazines, websites, etc. which would be classified as marketing-controlled.

7 0

3 years ago

A new client wishes to open an account with an agent of a broker-dealer, but refuses to divulge any information regarding invest

guapka [62]

Answer:

C. only accept unsolicited orders from the customer.

________________________________

An account can be opened for a customer that does not wish to give suitability information, but only unsolicited trades can be accepted from the costumer. No recommendation can be made to the costumer, because the agent has no basis for making a recommendation.

6 0

2 years ago

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer,

Zielflug [23.3K]

Answer:

Gomez Corp. Journal entry

1. 31-Jan

Dr Allowance for doubtful accounts $800

Cr Accounts receivable - C. Green $800

2. 9-Mar

Dr Accounts receivable - C. Green $300

Cr Allowance for doubtful accounts $300

3. 9-Mar

Dr Cash $300

Cr Accounts receivable - C. Green $300

Explanation:

1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.

2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by

Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.

3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.

8 0

2 years ago