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2 years ago

What entry would blue make to record the sale of the machine for $30,250 cash?

1 answer:

6 0

An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash $ 30,250
Sales $ 30.250

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Tpy6a [65]

The net operating income as per the variable costing method is $14500

Explanation:

The unit product cost is = $18 + $10 + $4 = $32

Sales revenue ( $78 multiply with 8700 units) = $678600

Variable cost:

Variable cost of goods sold ( 8700 units multiply $32) = $278400

Variable selling and administartive (8700 units multiply $5) = $43500

contribution margin = $356700

fixed manufacturing overhead = $255200

Fixed selling and adminstrative expenses = $87000

Net operating income = $14500

Note: contribution margin is calculated after deducting sales revenue with variable cost

8 0

3 years ago

joes shoe shop raises prices from the equilibrium price of $40 a pair to its new price of $60 a pair.

kipiarov [429]

I think you’re referring to the competitive equilibrium price

6 0

3 years ago

Read 2 more answers

An example of a discretionary fixed cost would be: Group of answer choices Taxes on the factory. Depreciation on manufacturing e

asambeis [7]

Answer:

Research and development

Explanation:

Fixed cost is cost that does not vary with output. It is cost that is incurred regardless of the units of output produced

Discretionary fixed cost is cost that is incurred at the discretion of the management of a company.

A company can decide to undertake research and development or not to. So, it is an example of discretionary fixed cost

8 0

2 years ago

A 1-year gold futures contract is selling for $1,645. Spot gold prices are $1,592 and the 1-year risk-free rate is 3%. The arbit

stealth61 [152]

The arbitrage profit implied by these prices is $5.24.

<h3>Arbitrage profit</h3>

Given:

Future contract= 1645

Sport gold price = 1592

Risk-free rate (rf) = .03

Hence:

Arbitrage profit=1645-[1592(1+1.03)¹]

Arbitrage profit=1645- 1639.76

Arbitrage profit=1645 =$5.24

Therefore the arbitrage profit implied by these prices is $5.24.

Learn more about arbitrage profit here:brainly.com/question/15394730

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5 0

1 year ago

Identify the following is structural, frictional, cyclical and seasonal employment.

horrorfan [7]

Answer:

Frictional unemployment occurs when people decided to leave their jobs and look for another or people join the labor force for the first time.

Structural unemployment arises from a situation where there is a mismatch between the skills needed in an economy and the skills possessed by people. Happens a lot when employees need to adapt to new technology.

Cyclical unemployment happens as a result of the economy either growing or shrinking.

a. Andrew recently lost his job as an accountant for a large firm because he only knows how to perform the job using a general ledger (paper and pencil), and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.

b. Sam recently lost his job as an accountant for a large firm because he only knows how to perform the job a using a general ledger and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.

c. Teresa just graduated from college and is looking for a full time position with an investment banking firm. ⇒ FRICTIONAL UNEMPLOYMENT.

d. A recent recession has reduced the number visitors to a local theme park. The park has had to lay off many of its employee, including Beth. ⇒ CYCLICAL UNEMPLOYMENT.

8 0

2 years ago