3 years ago

In a sales mix situation at any level of units sold net income will be higher if

1 answer:

7 0

In a sales mix condition at any level of units vended the net income will be higher if more higher contribution margin units are sold than lower contribution margin units. The sales mix is the comparative proportion in which a company vends its multiple goods. In addition, the contribution margin ratio is contribution margin separated by sales.

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White company had no investments prior to the current year. It had the following transactions involving short-term available-for

LiRa [457]

Answer:

Gray stocks 90,700 debit

Cash 90,700 credit

Duke- Bond 180,000 debit

Cash 180,000 credit

Cash 65,400 debit

Gray stocks 45,350 credit

Gain on Securities 20,050 credit

Dec 1st

Cash 3,600 debit

Interest revenue 3,600 credit

Explanation:

Jan 10th

6,000 x $15 + 700 fee = $90,700

June 1st we record at cost as it was purchase at par.

July 1st

3,000 x $22 - 600 fee = $65,400

Cost: 90,700 x 3,000/6,000 = 45,350

Gain 65,400 - 45,350 = 20.050‬

December 1st

180,000 x 0.02 = $3,600

the rate is 4% payment semiannually so we divide the rate by 2.

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3 years ago

If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact

jolli1 [7]

<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>

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3 years ago

You want to have $18,000 in 9 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much wil

stiks02 [169]

Answer:

$10,503.59

Explanation:

This question requires us to find how much you have to deposit today if:

Fv = 18,000

Time = 9 years

PV= fv/(1 + i)^n

N = 9 X 12 = 108

I/y = 0.5%

PV = $18,000 / 1.005^108

= $10,503.59

Therefore what you have to deposit today is $10,503.59

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3 years ago

The B-52 is an aircraft used by the U.S. military in armed conflict. Based on this information, what kind of good is a B-52 airc

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B. because it is only used by the military and not the public

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4 years ago

What do individual shareholders gain when they buy shares of a company’s stock?

Darina [25.2K]

I think the answer is A

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4 years ago