Answer:
$114,320
Explanation:
The computation is shown below:
The margin of safety equals to
= (Expected sales units - break even sales units) × Selling price per unit
where,
expected sales units = 4,329 units
Break even sales units = 2,900 units
And, the selling price per units is $80 each
So, the margin of safety in dollars is
= (4,329 units - 2,900 units) × $80
= 1,429 units × $80
= $114,320
This is the answer but the same is not provided in the given options
Answer:
Consider the following calculations
Explanation:
1.
Direct material $14
Direct labor (16*1.9) 3.04
Variable overhead (1.1*1.9) 2.09
Fixed overhead (1.5*1.9) 2.85
Unit product cost $21.98
2. Cost of budgeted ending inventory = 21.98*620 = $13, 628
Answer:
The correct answer is letter "C": General Agreement on Tariffs and Trade (GATT).
Explanation:
The General Agreement on Tariffs and Trade (<em>GATT</em>) is a treaty effective from 1948 that pursues fairness when it comes to international trade by reducing tariffs and that promotes equal treatment among countries. The GATT was replaced by the World Trade Organization (<em>WTO</em>) in 1995 under the same objectives but with more participation of the member nations.
Your thermometer should be reading 32 degrees Fahrenheit after 30 seconds. If it’s not, it needs to be recalibrated. The ice point method is the most accurate way to calibrate a thermometer. I hope that helps.
Answer:
No. Account Titles & Explanation Debit Credit
1.
Cash $38,000
Barry Capital Account $38,000
2.
No Entry Requires as Employee are only Hired there id no financial transaction involved in hiring the employees only.
3.
Prepaid Rent $10,800
Cash $10,800
4.
Wages Expense $500
Cash $500
5.
Cash $2,900
Revenue $2,900
Explanation:
1. Cash paid is the capital contribution in the business so cash account will be debited and capital account will be credit as per their nature.
2. Hired an employee does not need any transaction as there is no financial involvement in just hiring an employee.
3. Prepaid expense is actually an asset for us as we paid expenses in advance which is not incurred yet. It will be recognized as expense with passage of time.
4. Payment to worker is an expenses against a credit to cash as wage is paid in cash.
5. Revenue earned should be recorded and also received so cash will be debited for the receipt from sales and revenue shold be debited due to its nature of account.
