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4 years ago

HELLLPPPPPP!1? Which of the following payday frequencies provides employees with the smoothest cash flow? Weekly Semi-Monthly

1 answer:

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Weekly payday frequency provides employees with the smoothest cash flow.
Many employees think that being paid weekly is the best way to be paid as it alleviates the whole process of waiting to be paid.

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On June 30, 2011, Weslaco Company’s total current assets were $500,000 and its total current liabilities were $275,000. On July

slavikrds [6]

Answer: the correct answer is a. working capital 225000.00 before issuing the note and 185000.00 after issuing the note. b current ratio 1.82 before the note and 1.59 after the note.

Explanation: Working capital = Current assets - Current liabilities

500000.00 - 275000.00 = 225000.00 before issuing a short term note

the short term note is a current liability.

500000.00 - 315000.00 = 185000.00 after issuing a short term note

Using the Balance Sheet, the current ratio is calculated by dividing current assets by current liabilities: For example, if a company's current assets are $ 5,000 and its current liabilities are $ 2,000, then its current ratio is 2.5.

500000.00 / 275000.00 = 1.82 before issuing the note

500000 / (275000 plus 40000) =

500000 / 315000 = 1.59 after issuing the note.

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4 years ago

Which of the following is the correct mathematical representation of direct labor rate variance (LRV)?

fiasKO [112]

Answer: not in any option

Explanation: Labour rate variance = (standard Labour hour - actual Labour hour) × actual Labour hour.

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3 years ago

Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $97,10

mamaluj [8]

Answer:

Correct option C $123,300

Explanation:

The amount of the common fixed expense not traceable to the individual divisions = South Division's divisional segment margin + West Division's divisional segment margin - Corporation's net operating income

= $46,600 + $173,800 - $97,100

= $123,300

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3 years ago

The average price for regular gasoline at U.S. pumps fell almost 4 cents in March to $2.50 a gallon. The price of crude oil dro

Dvinal [7]

Answer: C. lower the cost of producing gasoline and increase the supply of gasoline

Explanation:

Gasoline is derived from the distillation of crude oil which means that Crude oil is the main raw material in the production of gasoline. This means that if crude oil sees a reduction in price, input costs for gasoline will decrease as well.

Producers of gasoline will take advantage of this to buy more crude oil and therefore process and make more gasoline which will increase the supply of gasoline in the market and reduce its price.

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4 years ago

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 Beginning m

skelet666 [1.2K]

Missing information:

Fixed administrative expense $ 16,200 Variable selling expense $ 20,250 Variable administrative expense $ ? Contribution margin $ 81,000 Net operating income $ 24,300

1. Prepare a contribution format income statement.

2. Prepare a traditional format income statement.

3. Calculate the selling price per unit.

4. Calculate the variable cost per unit.

5. Calculate the contribution margin per unit.

Answer:

First we must determine cost of goods sold = $27,000 + $270,000 - $13,500 = $283,500

now we must find total variable costs = total sales - contribution margin = $405,00 - $81,000 = $324,000

variable administrative expenses = total variable costs - COGS - variable selling expense = $324,000 - $283,500 - $20,250 = $20,250

1. Prepare a contribution format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross contribution margin $121,500

Variable selling expense $20,250

Variable adm. expense $20,250

Contribution margin $81,000

Fixed period expenses:

Fixed selling expense $40,500
Fixed administrative expense $16,200

Net operating income $24,300

2. Prepare a traditional format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross profit $121,500

Operating expenses:

Selling expenses $60,750

Adm. expenses $36,450

Net operating income $24,300

3. Calculate the selling price per unit.

$405

4. Calculate the variable cost per unit.

$324

5. Calculate the contribution margin per unit.

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4 years ago