Answer:
The correct option is B. False.
Further explanation is given below in the explanation section.
Explanation:
Offer From ABC Company to XYZ Company:
1,000,000 widgets to sell.
Selling Price of 1 widget = $1.00
Total Price = $1,000,000
Counter Offer from XYZ company to ABC Company.
Selling Price = $0.75
Total Price = 0.75 x 1,000,000 = $750,000
But in the end, ABC company sold its widgets to GHK company.
The correct option to this question is false.
This case is false because here ABC sends an original offer of $1 but XYZ sent a counter offer of $0.75. This counter offer was then duly rejected by ABC.
XYZ cannot again confirm and accept the original offer of ABC because they have already rejected your claim and thus XYZ have to wait until ABC make them another offer.
Answer:
$9.15
Explanation:
Contribution margin is the net value of sales and variable cost of a product. We need to deduct variable cost from selling price of a product to calculate the contribution margin .
First we need to determine the total variable cost.
Labor Cost ( $9 x ( 1 - 0.1 ) ) $8.1
Material cost $12.75
Shipping cost <u>$2.50</u>
Total Variable cost <u>$23.35</u>
Price = $32.50
Contribution Margin = Selling price - Variable cost
Contribution Margin = $32.50 - $23.35 = $9.15
Answer: $9,182,000
Explanation: This question can be done as follows :-
Total shareholders equity = paid in capitals + other paid in capitals + retained earnings - treasury stock
Putting the values into equation we get :-
Total shareholders = $32,000 + $5,200,000 + $4,200,000 - $250,000
equity
= $9,182,000
The only item with no entry in assets on his balance sheet is <u>B) the interest expense</u>.
<h3>When is an accounting entry for assets made?</h3>
The accounting entry for assets is made when an asset increases or decreases in value.
For instance, the interest expense may not necessarily affect the assets because it is not stated if it has been paid in cash or not. However, the expired insurance policy, depreciation, and payment of dividends affect these asset accounts:
- Prepaid Insurance,
- Long-term asset
- Cash.
<h3>Answer Options:</h3>
A) the expired insurance policy
B) the interest expense
C) the depreciation
D) the dividend
Thus, the only item with no entry in assets on his balance sheet is <u>B) the interest expense</u>.
Learn more about assets and balance sheets at brainly.com/question/24534918
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