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3 years ago

The following data were collected during a study of consumer buying patterns:

1 answer:

7 0

Dude what is this even for i have never seen this in my life wow i wish the best of luck to you because that is a doozie.

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At Bargain Electronics, it costs $29 per unit ($16 variable and $13 fixed) to make an MP3 player that normally sells for $51. A

Sphinxa [80]

Answer:

The special order should be accepted, as it will increase Net income by $38,000.

Explanation:

Differential Analysis

Reject Accept Net income Increase/(Decrease)

Revenues 0 $118,750 $118,750

Cost-manufacturing 0 $76,000 -$76,000

Shipping 0 $4,750 -$4,750

Net income 0 $38,000 $38,000

The special order should be accepted, as it will increase Net income by $38,000.

Workings

Accept Order Revenue = 4,750 *$25 = $118,750

Accept Order Cost-manufacturing = 4,750 * $16 = $76,000

Accept Order Shipping = 4,750 * $1 = $4,750

5 0

2 years ago

Pesos are a monetary unit used in the country of Mexico. Pesos are exchanged at a rate of 600 pesos to one U.S. dollar ($1.00).

adelina 88 [10]

Explanation:

Given , $ 1=600 pesos

so, a person wants to buy an object that cost 4,800

let assume $=x

x=4,800/600=8

So the answer is$8

$ 8= 4800 pesos

5 0

3 years ago

which costs of inflation could the government reduce without reducing inflation? a. arbitrary redistributions of wealth b. shoel

Ilya [14]

Answer:

A is the correct answer.

Explanation:

Inflation causes an arbitrary redistribution of wealth and income. Unexpected inflation is responsible for it. The redistribution of income is caused because the wages and salaries increase rapidly the prices. and other wages and salaries slowly than the price level. The increase in the prices of some assets more rapidly than the price level while the asset prices increase slower than the price level causes the redistribution.

4 0

3 years ago

Presented below is the stockholders' equity section of Mead Corporation at December 31, 2006: Common stock, par value $20; autho

marishachu [46]

Answer:

a. $1,965,000

Explanation:

The computation of total stockholders' equity is shown below:-

Paid-in capital from Treasury Stock = 1,800 × ($30 - $28)

= 1,800 × $2

= $3,600

Retained earning = $500,000 + $450,000

= $950,000

Treasury stock = ((3,000 - 1,800) × $28) + (3000 × 35)

= (1,200 × $28) + (3000 × 35)

= $33,600 + $105,000

= $138,600

Total stockholders' equity on December 31, 2007 = Common stock + Paid-in capital in excess of par value + Paid-in capital from Treasury Stock + Retained earnings - Treasury stock

= $900,000 + 250,000 + $3,600 + $950,000 - $138,600

= $2,103,600 - $138,600

= $1,965,000

So, we have applied the above formula.

8 0

3 years ago

Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man

Simora [160]

Answer:

Cash Dr 10975

To Sales $10,000

To Sales Tax Payable $975 ($10,000 × 9.75%)

(Being the cash is recorded)

Explanation:

The journal entry is shown below;

Cash Dr 10975

To Sales $10,000

To Sales Tax Payable $975 ($10,000 × 9.75%)

(Being the cash is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it also increased the revenue and liabilities

4 0

3 years ago