What are some of the things you might find on an SDS?

Metzler Communications designs and programs a website for a local business. Metzler charges $33,000 for the project, and the loc

Grace [21]

Answer and Explanation:

1. The Journal entry is shown below:-

Notes receivable Dr, $33,000

To Sales revenue $33,000

(Being sales is recorded)

2. The computation of interest is shown below:-

Interest = $33,000 × 4% × 6 ÷ 12

= $660

3. The Journal entry is shown below:-

Cash Dr, $33,660

To Interest income $660

To Notes receivable $33,000

(Being collection of notes receivable is recorded)

3 0

3 years ago

Acme Manufacturing Company prepared a fixed budget based on the expected sales of 160,000 units. That fixed budget included vari

Ksju [112]

If Acme Manufacturing Company uses flexible budgeting and actually sells 200,000 units during the period, these amounts will be included in its flexible budget performance report:

Variable costs = $1,000,000

Fixed costs = $240,000

<h3>What is a flexible budget?</h3>

A flexible budget adjusts the budget according to the activity or volume levels of the company.

For instance, if the total variable costs is $800,000 with expected sales of 160,000 but the actual sales equal 200,000, the flexible budget will be adjusted to $1,000,000 ($800,000/160,000 x 200,000).

<h3>Data and Calculations:</h3>

Expected sales = 160,000 units

Fixed Budget Figures:

Total variable costs = $800,000

Total fixed costs = $240,000

Flexible Budget Figures:

Total variable costs = $1,000,000 ($800,000/160,000 x 200,000)

Total fixed costs = $240,000

Thus, the flexible budget will still maintain the total fixed costs since they do not vary according to the volume level, within the relevant range.

Learn more about flexible budgets at brainly.com/question/14015382

#SPJ1

3 0

1 year ago

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Lyrx [107]

Answer:

Total FV= $46,008.31

Explanation:

Giving the following information:

Deposit 1= $12,000

Deposit 2= $15,000

Deposit 3= $10,000

Interest rate= 0.055

<u>To calculate the future value, we need to use the following formula on each deposit:</u>

FV= PV*(1+i)^n

FV1= 12,000*(1.055^5)= 15,683.53

FV2= 15,000*(1.055^4)= 18,582.37

FV3= 10,000*(1.055^3)= 11,742.41

Total FV= $46,008.31

4 0

3 years ago

A decision to position the product on high-performance quality will mean that the ________. marketer must boost derived demand i

Virty [35]

<span>A decision to position the product on high-performance quality will mean that the seller must charge a higher price to cover higher costs.

When a company uses higher quality products to market their product as high-performance quality it means that the product will cost more to make and will sell for a higher price. The company has to cover all of their costs and one way to do that is to make sure their price point is set correctly.
</span>

3 0

2 years ago

Now suppose that Congress, concerned about the welfare of the working class, passes a law setting a minimum wage that is 10 perc

zlopas [31]

Answer:

hello your question is incomplete attached below is the complete question

A ) $7.766

B ) 4350 workers

C ) 61777.20

D ) $33782.10

Explanation:

A) Real wage = 4 * $(\frac{K}{L} )^{0.2}$

where ; K = 120000, L = 7000

hence Real wage = 7.06 before 10% increase

After 10% increase ; Real wage = 7.06 + (7.06 * 0.1 ) = $7.766

B) employment ( L )

$L = \frac{4^5 * K}{W^5}$ = $L = \frac{1024*120000}{28247.95}$ = 4350 workers

C) Output

Y = 5 ( 120000 )^0.2 * (7000)^0.8

= 61777.20

D) Total amount earned by workers

L * W = 4350 * 7.766

= $33782.10

3 0

3 years ago