They had $8,000 worth of merchandise at the beginning of the year
Answer: <em>$1,160,000</em>
Explanation:
Given:
Retained earnings (beginning) = $1 million
Dividend paid = $100,000
Net income = $250,000
Goodwill increased by = $10,000
Therefore, we'll compute Retained earnings (end of the year) as:
Retained earnings (end of the year) = Retained earnings (beginning) + Net income + Increase in Goodwill - Dividend paid
Retained earnings (end of the year) = $1,000,000 + $250,000 + $10,000 - $100,000
Retained earnings (end of the year) = $1,160,000
Answer:
Units sold equaled 39,000 and units produced equaled 42,000.
Explanation:
The reason is that operating income will be lower under variable costing than absorption costing when there is a rise in the the unit level of inventory during an accounting period.
From the question, the 42,000 units of production is 3,000 units greater than the 39,000 units sold. This implies that there is an increase in the unit of inventory level. This usually cause the variable-costing income to be lower than absorption-costing income.
Answer:
total expected bonus = $1262800
Explanation:
given data
bonus = $23,000
Probability = 12 percent
bonus = $10,000
Probability = 25 percent
bonus = $6,000
Probability = 8 percent
total sales = 220
solution
first we get probability for bonus amount = $0
probability = 1 - ( 12% + 25% + 8 % )
probability = 0.55
so here Expected bonus per employee company will pay is
Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)
Expected bonus = $5740
so total expected bonus is
total expected bonus = $5740 × 220
total expected bonus = $1262800
Answer: Differentiable criterion
Explanation: In simple words, differentiable criterion refers to the phenomenon of market segments in which the producing entity differentiates its product on the basis of different customer base. The base can be set on the criteria of any factor like gender , age group or religion etc.
Under this criterion the producing entity produces the product by taking special considerations to the preferences of that particular customer group. In the given case two separate groups are responding similarly to a single product, hence, it fails differentiable criteria.
