D. A smaller response set
Answer and Explanation:
The preparation of the contribution margin income statement for the year is presented below:
Sales (45,000 units × $16 per unit) $720,000
Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000
Contribution margin $450,000
Less: fixed cost -$300,000
Net operating income $150,000
Answer:
$0.20
Explanation:
For computing the change in future price, first we have to determine the loss which is shown below:
Loss = Initial Margin - Maintenance Margin
= $4,000 - $3,000
= $1,000
Now the change in future price would be
= Loss ÷ size of the contract
= $1,000 ÷ 5,000 ounces
= $0.20
The future price is increased by $0.20
And, if the margin call is not meet than the broker will stop at best price so that he cannot suffer more loss
Answer:
Explanation Below.
Explanation:
By Selling the property, the company gains cash from the sale, and also has been using the land for the business.
Land does not depreciate in accounting terms, however, it will depend on the market value of the land. In most cases the land will appreciate and have a greater value each year.
When the accountant states that selling the asset gives the seller "the best of both worlds" the accountant is referring to selling the land for a greater value than purchased and now the cash can be used to purchase another asset that will also bring value to the company.
