Answer: <em>Amount of budgeted income tax expense = $10,668</em>
Explanation:
Given:
Sales = $118,800
COGS = $48,500
Depreciation expense = $1,500
Interest expense = $250
Other expenses = $41,880
We'll compute the amount of budgeted income tax expense using the following formula:
Amount of budgeted income tax expense = 40% of (Sales - COGS - Depreciation expense - Interest expense - Other expenses)
= $118,800 - $48,500 - $1,500 - $250 - $41,880
= 40% x $26,670
= $10,668
Answer:
Days' sales in receivables= 31.91 days
Explanation:
The day's sales in account receivable ratio is also called average collection period. It states the number of days on the average to collect a business's account receivable.
Days sales turnover is calculated by dividing total number of days in a year by the account recievables turnover ratio.
The formula for accounts receivable turnover ratio= Current credit sales received/ Accounts receivable balance
Accounts receivable turnover= 1,453,909/127,100
Accounts receivable turnover= 11.439
Assume a 365 day year
Days' sales in receivables= 365/Account receivable turnover
Days' sales in receivables= 365/11.439
Days' sales in receivables= 31.908~ 31.91 days
Answer:
Q is 98
Explanation:
Marginal (average) cost (including opportunity cost) = $8 + $2 = $10
Profit is maximized when MR = MC = 10.
P = 402 - 2Q
Total revenue (TR) = P x Q = 402Q - 2Q^2
MR = dTR/dQ = 402 - 4Q
Equating with MC,
402 - 4Q = 10
4Q = 392
Q = 98
Answer:
division of labor
Explanation:
According to my research on different manufacturing techniques, I can say that based on the information provided within the question the concept being employed in this situation is called division of labor. This is a process in which a larger task is subdivided into smaller easier tasks, in which an individual or group is assigned to each small task and specializes in that section. This method is used to avoid errors in manufacturing.
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