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inessss [21]
3 years ago
7

precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, +3 percent. The expected variable cost p

er unit is $139 and the
Business
1 answer:
ss7ja [257]3 years ago
8 0

Answer: C.$221.86

Explanation:

Contribution Margin is the difference between the sales price and the variable costs.

Best case scenario of Sales would mean it is the higher amount.

Best case scenario of costs would mean the lower amount.

Best case Sales

= 349 * ( 1 + 3%)

= $359.47

Best Case Variable Cost

= 139 * ( 1 - 1%)

= $137.61

Best Case Contribution Margin

= Best case Sales  - Best Case Variable Cost

= 359.47 - 137.61

= $221.86

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At their regular monthly meeting, a group of local brokers agrees that the introduction of "discount brokerages" in their area w
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would be considered collusion.

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Collusion refers to an illegal agreement between two or more businesses that decide to cooperate together by setting prices or production quotas. This businesses should naturally compete against each other, not team up to charge higher fees. Collusion is illegal because it leads to unfair market advantages because they negatively affect competition.

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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
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Answer:

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           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

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The journal entry is shown below;

Bad debt expense A/c Dr  $4,900

           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

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= $920,000 × 0.6%  - $620

= $5,520 - $620

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6 0
3 years ago
These are selected 2022 transactions for Pronghorn Corporation:
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Answer:

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No journal entry required for the Goodwill since its useful life is indefinite

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