Answer:
The firm's profit margin is 0.02357
Explanation:
The formula to compute the firm's profit margin is shown below:
Profit margin = (Net income ÷ sales revenue)
= ($1,980 ÷ $84,000)
= 0.02357
It shows a relationship between net income and net sales. The other information which is given in the question is not relevant. Hence, ignored it
Answer:
Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be:
$1050
Explanation:
Aging
Current 10000 2% 200
1-30 5000 5% 250
31-60 3000 10% 300
Over 60 800 50% 400
1150
Allowance bad debts 100
Expense 1050
Answer:
D. $5.40 per direct labor-hour and $11,065
Explanation:
The computation of the total job cost is shown below
= Direct material cost + direct labor cost + direct labor hours × predetermined overhead rate
= $715 + $9,000 250 hours × $5.4
= $715 + $9,000 + $1,350
= $11,065
The predetermined overhead rate is come from
= Total fixed manufacturing overhead cost ÷ direct labor hours + variable manufacturing overhead cost per direct labor hours
= $160,000 ÷ 80,000 direct labor hours + $3.40
= $2 + $3.40
= $5.40
Answer:
See below
Explanation:
A deductible is an amount you upfront to a health insurance provider before insurance coverage can begin. The insurance company will not pay for health care services before the deductible is paid.
There is an indirect relationship between the amount of deductible paid and the premiums to be paid. When the deductible amount is high, the insurance premiums are low.
If the insurance policy has a low deductible requirement, the insurance premiums will be high.
