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3 years ago

Sales $100,000

Business

1 answer:

Ganezh [65]3 years ago

3 0

Answer:

Operating income At 10,588 units

Sales($100,000/9101)×10588 116,339

Less Variable Costs ($60,000/9101)×10588 69,803

Contribution 46,536

Less Fixed Cost 30,000

Operating Income 16,536

Explanation:

At 10588 units

Sales are variable with level of activity

Variable Cost will vary with the level of activity

Fixed Costs will remain the same

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Suppose that the price of product x rises by 20 percent and the quantity supplied of x increases by 15 percent. The coefficient

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Answer: Coefficient of elasticity of supply is 0.75.

Explanation:

Price elasticity of supply measures the responsiveness of quantity supplied to a change in the price of the good. It can be measured using the percentage point method,

$e_{s} = \frac{Percentage change in Quantity supplied}{Percentage change in price}$

$=\frac{15}{20}$

$=0.75$

Therefore, coefficient of elasticity of supply is 0.75. Since it is less than 1 we can infer that supply for this good is relatively inelastic.

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3 years ago

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the

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Answer:

Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400

Explanation:

The journal entry is given below:

Insurance expense ($4800 × 1 ÷ 12) $400

Prepaid Insurance $400

(To record insurance expense)

Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets

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3 years ago

10. A country would place a tariff on imported steel to A. increase the standard of living for all citizens in the country. B. m

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C is correct.
As a result of a tariff, prices for domestic steel consumers go up so D is false. Option B is false because it does not make the market fair for everyone as now domestic producers can charge a higher price since foreign competition is being excluded. Since B, D are false it would make sense that A is also untrue as consumers are now suffering while it is the producers who benefit.

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Read 2 more answers

On January 1, Year 1, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. Interest is payable annually on December 3

Tasya [4]

Answer:

a) Cash received = $183,350

b) Interest expense = $12,730

c) Carrying value = $186,010

Explanation:

As per the data given in the question,

a) Face value of bond = $190,000

Issued at =0.965

Cash received = $190,000 × 0.965

= $183,350

b) Discount on bonds payable = $190,000 - $183,350

=$6,650

Annual amortization of discount on bonds payable =$6,650÷5

= $1,330

Cash interest = $190,000×0.60

= $11,400

Interest expenses = $11,400+$1,330

= $12,730

carrying value = $183,350 + ($1,330 × 2)

= $186,010

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3 years ago

Whispering is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Whispering's total trade r

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Answer:

the total trade receivable is $12,300

Explanation:

The computation of the total trade receivable is shown below:

= note due from customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

= $1,570 + $9,730 + $1,000

= $12,300

Hence, the total trade receivable is $12,300

The other items would not be considered as it is not a trade receivables

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