Answer:
2/6
Explanation:
3/18 = 1/6
2/6 = 1/3
a third is greater than a sixth
Answer:
$153,000
Explanation:
Under an installment sales method, the seller defers the recognition of gross profit on sale arising out of a transaction, unless money is actually received for such a transaction.
Rate of profit earned by Rigsby Sales Co. for sale of tract of land
= Sales proceeds - Cost
= $5,000,000 - $3,300,000
= $17,00,000
Rate of profit earned =
=
= 34%
Money received during current year i.e 2021 =
Down payment of $450,000
Thus, the revenue to be recognized and to be reported as per installment sales method for year ending on Dec 31, 2021 would be,
= Rate of profit earned on the transaction × Receipts during the period
= 34% × $450,000
= $153,000
Don’t open any at all, scammers only get smarter
Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.
Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.
The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.
The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.
For the given question, the production budget is prepared and attached in the form of an image.
Learn more about Production Budget here: brainly.com/question/13061264
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Answer:
the minimum acceptable price of this special order is $410.
Explanation:
Minimum acceptable price for the special order is the price that gives a Incremental<em> contribution margin of zero</em> or <em>a price that covers all costs related to supporting the special offer</em>.
Since the company has <em>excess capacity</em>, ignore the fixed costs as these are irrelevant for this decision
Costs to Provide for the Special Offer : Minimum acceptable price
Direct materials $150
Direct labor $60
Manufacturing support $105
Marketing costs $95
Minimum acceptable price $410