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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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Both Dave and Caroline produce sweaters and socks. If Dave's opportunity cost of producing 1 sweater is 3 socks, and Caroline's

pishuonlain [190]

Answer:

a. Dave has a COMPARATIVE ADVANTAGE in the production of sweaters.

Explanation:

If both Dave and Caroline produce sweaters and socks. If Dave's opportunity cost of producing 1 sweater is 3 socks, and Caroline's opportunity cost of producing 1 sweater is 5 socks, then Dave has a COMPARATIVE ADVANTAGE in the production of sweaters.

Comparative advantage can be defined as an economy's ability to produce goods and/or services at a lesser opportunity cost than other countries.

In the end comparative advantage gives a country the ability to sell those goods and services that he could produce at lower opportunity costs; cheaper to other countries.

This definition adequately describes the position of Dave in relation to caroline, in the given Scenario.

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4 years ago

An account becomes uncollectible a. at the end of the fiscal year b. There is no general rule for when an account becomes uncoll

Nonamiya [84]

Answer:

b. There is no general rule for when an account becomes uncollectible.

Explanation:

Accounts uncollectible are the debts and loans which do not have any chance of being paid. There are many other reasons by which the account becomes uncollectible. The inability of the debtor, the bankruptcy of the debtor and the fraud conducted by the debtor are some of the reasons why accounts become uncollectible.

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3 years ago

Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2018, that permit executive

Stella [2.4K]

Answer:

Total Compensation is $60 million

On December 31, 2018, 2019 and 2020

Dr. Compensation Expense $20 million

Cr. Paid-in Capital – stock options $20 million

April 3, 2021

Dr. Paid-in Capital – stock options $20 million

Cr. Common Stock (12 million x $1) $12 million

Cr. Paid-in Capital – stock options $8 million

Explanation:

Stock option is a type compensation which is given to the employees and executives of the company. It requires some some obligation to be performed by the employee to exercise.

Fair value at grant date = $5

Number of option granted = 12 million

Total Compensation = Fair value at grant date x Number of option granted = $5 x 12 million = $60 million

This compensation will be expensed over vesting period of 3 years.

Expense each year = $60 million / 3 = $20 million per year.

No Entry is required on grant date. Fair market value of the option is calculated on this date.

On December 31, 2018, 2019 and 2020 The expense will be recorded.

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4 years ago

Which best describes the difference between stocks and bonds?

strojnjashka [21]

The option that best describes the difference between stocks and bonds is <span>B.</span><span> Stocks allow investors to own a portion of the company; bonds are loans to the company.
When you have stocks, it means that you bought one "part" of a company, and in case that company gets sold one day, you will get a profit for what you bought. Bonds are quite the opposite - it is the money a company borrows from someone in order to pay something.</span>

6 0

4 years ago

Read 2 more answers

The adjustment to record supplies used during the period would be:

Katen [24]

Show choices if so :)

5 0

4 years ago