Answer:
Increase in income= $20,000
Explanation:
Giving the following information:
Marigold Corp. manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $120 each in a foreign market which would not affect its present sales.
We will not have into account the fixed costs, because there is unused capacity.
Increase in income= contribution margin * units sold
Increase in income= (120 - 100) * 1000= $20,000
Answer:
Straight Line Depreciation Expense $ 11,480
Explanation:
Given
Cost= $ 63,000
Salvage Value = $ 5,600
Life in years = 6
Calculations
Straight Line Depreciation Expense= Cost - Salvage Value/ Useful life in years
Straight Line Depreciation Expense = $ 63,000- 5,600/5
= $ 57,400/5= $ 11,480
Depreciation Expense for 1 month = $ 11480/12= $ 956.67
Adjustment at the end of the 1st month
Depreciation Expense $ 956.67 Dr
Accumulated Depreciation $ 956.67 Cr.
Answer:
Dr Land account 90,000
Cr Preferred Stock account 81,250
Cr Paid-in Capital in Excess of Par Value - Preferred Stock account 8,750
Explanation:
When preferred stock is sold, the transaction must be recorded at par value in the preferred stock account. Any amount of money received over par value, must be recorded in the paid-in capital in excess of par value - preferred stock account.
A method that a home inspector uses in report writing.
