Answer:
it will take a year to pay it off the intrest rate will be 1.000000000000000
Explanation:
Answer:
Total contribution margin= $59,800
Explanation:
Giving the following information:
Unitary selling price= 155,400 / 4,200= $37
Unitary variable cost= 100,800 / 4,200= $24
<u>To calculate the total contribution margin, we need to use the following formula:</u>
Total contribution margin= units sold*(selling price - unitary variable cost)
Total contribution margin= 4,600*(37 - 24)
Total contribution margin= $59,800
Answer: May enable management to manipulate net income
Explanation:
The Specific Identification method does in fact allow for some manipulation most especially when there are items that are identical but yet are not of the same cost.
To most customers, the items will be the same and therefore the retailer or management could just report selling an item of higher cost in order to lower paper profit and by extension net income.
If you need further clarification do react or comment.
Answer:
$10.1 million
Explanation:
The computation of pension expense is shown below:-
Pension expense = Service cost + Interest cost + Amortization of prior service cost - Expected return on plan assets
= $7.5 million + $2.7 million + $2.4 million - $2.5 million
= $10.1 million
Therefore for computing the pension expenses we simply applied the above formula.
