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3 years ago

The following information is available for Sheridan Company:

Business

1 answer:

Mama L [17]3 years ago

3 0

Answer:

The answer is $250,000

Explanation:

NOTE: The answer to the question is not among the options.

Contribution margin in Cost-Volume-Profit (CVP) is sales minus variable cost.

Sales - $670,000

Total variable expenses $420,000

Therefore in CVP income statement, contribution margin is:

$670,000 - $420,000

= $250,000.

Gross profit is can never be calculated in CVP income statement

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Planning practices are different from organization to organization. do you agree? explain

Snowcat [4.5K]

Answer:

yes I agree

Explanation:

because different organizations manufacture or provide different goods and services so it's not possible for them to have the same planning practices take for instance an organization that deals with the provision of food to refugees and an organization that deals with the manufacturing of goods these two organizations will plan differently on how to go about with there businesses.

I hope this helps

5 0

3 years ago

Assume, for Taiwan, that the domestic price of soybeans without international trade is lower than the world price of soybeans. T

aksik [14]

Answer:

a. Taiwan has a comparative advantage over other countries and Taiwan will export soybeans

Explanation:

In the case when the domestic price is less as compared to the world price so here it means the taiwan would have the comparative advantage over the other countries due to this the taiwan would export the soybeans

So as per the given situation, the option a is correct

And, the same should be considered and relevant

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3 years ago

Interest earned on both the initial principal and the interest reinvested from prior periods is called _______.

scZoUnD [109]

Answer:

interest earned on both the initial principal and the interest reinvested from prior periods is called compound interest.

________________________________

Compound interest. The interest which is added on to the initial investment, so that this will itself gain interest in subsequent periods.

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3 years ago

Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and

nalin [4]

Answer:

Following are the solution to this question:

Explanation:

In point 1:

Date Title post reference Dr. Cr. 30-sep Method work – refining 141 388000

Materials 131 385000

In point 2:

Date Title post reference Dr. Cr. 30-sep Method work – refining 141 141000

Payable Wages 251 141000

In point 3:

Date Title post reference Dr. Cr. 30-sep Method work – refining 141 96800

Factory overhead- refining 151 96800

In part B:

Date Title post reference Dr. Cr. 30-sep Method work – Sifting 142 625600

$(388000+141000+96800+(29800-30000))$

Method work – refining 141 625600

5 0

3 years ago

Ten years ago a corporation purchased a building for $160,000. at that time, the corporation felt that the building was worth

Alla [95]

The building should be recorded in the corporation's account records as $405,000 because of it's assessed value for property tax purposes. The worth of the building ten years ago as well as the amount the corporation paid for it at that time no longer matters, and the current market value of the building also does not matter if the building is not being sold.

8 0

3 years ago