What will happen if the value of the American dollar decreases?

Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.

Alex Ar [27]

Answer:The minimum amount is the price that will give a profit of $3700

Explanation:

The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.

The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800

On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.

6 0

3 years ago

Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2020 Sales revenue

ruslelena [56]

Answer and Explanation:

The formula and the computations are shown below:

(a) Earnings per share = ( Net Income - Preference stock dividend) ÷ (Weighted average number of outstanding shares )

= ($159,200 - $4,900) ÷ (22,400 shares + 37,300 shares) ÷ 2

= $154,300 ÷ 29,850 shares

= $5.169

= $5.17

(b) Price earnings ratio = Price ÷ Earning per share

= $13 ÷ $5.17

= 2.51 Times

(c) Payout ratio = Dividend paid to equity share holders ÷ net income

= ($22,600 - $4,900 ) ÷ ($159,200)

= $17,700 ÷ $159,200

= 11.118 %

= 11.12%

(d) Times interest earned = Earnings before interest and tax ÷ Interest expense

= ($159,200 + $11,700 + 29,700) ÷ ($11,700 )

= 17.145

= 17.15 Times

We simply applied the above formulas to determine the each ratios

7 0

3 years ago

Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to

Tomtit [17]

Answer:

contribution margin ratio= 0.4

Explanation:

Giving the following information:

Selling price per unit= $20

Unitary variable cost= $12

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

contribution margin ratio= (20 - 12) / 20

contribution margin ratio= 0.4

3 0

3 years ago

It is argued that LIFO should not be allowed to compute net income because a. it does not match costs to revenues, especially wh

Bogdan [553]

Answer:

d. it causes profits to be understated when prices are rising and allows a company to dodge taxes.

Explanation:

The LIFO method should not be permitted to determine the net income as in this case the profits would be understated at the time when price is increased due to this it permits the company to dodge taxes as the inventory consumed in the production process also the high inventory value would be involved in the cost of sales that represent the high cost, this result in lower profits and taxes

Hence, the option d is correct

8 0

3 years ago

As interest rates rise, _____.

brilliants [131]

B.it becomes more expensive to hold money as cash is the correct answer

7 0

4 years ago

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