Answer:
False
Explanation:
An increase in appraisal costs will probably lead to a decrease in internal failure costs and an increase in external failure costs is a false statement as costs associated with measuring, evaluating or auditing products or services to assure great quality is the appraisal costs.
Internal Failure Costs: Costs emanating of products or services not corresponding to demands or consumer/user requirements. You would willingly have this outside of the failure costs
External Failure Costs: Costs occurring from products or services not adhering to demands or consumer/user requirements AFTER shipment or consignment of the goods.
Answer: <u><em>So, the minimum selling price will be $26.</em></u>
Explanation:
The fixed cost are incurred regardless of the production volume, they're tangential to decision making.
Now,
Minimum selling price that should be accepted for the product is given as follow:
Variable manufacturing cost = $20
Variable selling and admin = $6
Total cost incurred = Variable manufacturing cost + Variable selling and admin = $26.
<u><em>So, the minimum selling price will be $26.</em></u>
Answer:
$466,500
Explanation:
Assuming Metlock, Inc is free of tax, tax rate = 0%
Net profit of the year = (revenues - expenses) * (1- tax rate)
= $487,000 - $384,000 = $103,000
Retained earnings balance at the end of the year
= Retained earnings balance at beginning of the year + net profit - dividend paid
= $402,000 + $103,000 - $38500
= $466,500
Answer:
a. $169,800
Explanation:
As for the provided information we have,
Sales data, for each month
July $120,000
August $211,000
September $198,000
Cash receipt budgeted for September shall be:
36% of sale of the month of July = $120,000 36% = $43,200
60% of sale of the month of August = $211,000 60% = $126,600
Thus, total expected amount = $169,800
Therefore, correct option is
a. $169,800
The answer to this question would be D the balance sheet contains only assets and liabilities sections