Answer:
It is a good idea as the profit will increase by 301,434,000
Explanation:
Profit with the rebate: 6,730
minivan sold 55,800
total profit:
55,800 x 6730 = 375,534,000
not we will calcualte the cost which is:
39,000 minivan will be sold at 1,900 lower cost:
39,000 x 1,900 = 74.100.000 opportunity cost
net : 375,534,000 - 74,100,000 = 301,434,000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Swifty Company incurred the following costs during the year: Direct materials $24.40 per unit
Direct labor $13.10 per unit
Variable manufacturing overhead $16.00 per unit
Variable selling and administrative costs $11.00 per unit
Fixed manufacturing overhead $132,000
Fixed selling and administrative costs $12,000.
Swifty produced 6,600 units and sold 6000 units.
A) Absorption costing= direct material + direct labor + variable overhead + fixed overhead
Absorption costing= 24.4 + 13.1 + 16 + (132,000/6,600)= $73.5
B) Variable costing= direct material + direct labor + variable overhead + Variable selling and administrative costs
Variable costing= 24.4 + 13.1 + 16 + 11= $64.5
Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
Answer: D. Safeguard the resources of the organization.
Explanation:
The functions of internal controls are
- to minimize risks
- to protect assets
- to ensure accuracy of records
- to promote operational efficiency
- to encourage adherence to policies, rules, regulations, and laws.c
The reason to establish internal control is to assist safeguard an organization and its objectives.
Hence, the correct option is D.
In forex trading When someone is holding a long position in a foreign currency, then the person can hedge with a short position in a currency forward contract.
What do we mean by long position in a foreign currency?
Long can be explained as when someone buy with the expectation that the purchase will rise in term of value in the future.
At a long on a currency, one is try to bet the base currency, that it will strengthen compared with the quote currency.
Learn more about foreign currency here;
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