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3 years ago

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If the cost of labor decreases the isocost line will A. stay the same. B. shift inward in parallel fashion. C. rotate outward ar

ound the point where only capital is employed in production. D. shift outward in parallel fashion.

1 answer:

lord [1]3 years ago

8 0

Answer:

<em>C. rotate outward around the point where only capital is employed in production.</em>

Explanation:

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Assume the company is considering investing in a new machine that will increase its fixed costs by $42,500 per year and decrease

Semenov [28]

Answer:

The company should purchase the machine.

Explanation:

Note: The complete question is attached below

Forecasted contribution margin income statement

For the Year Ended December 31

Particulars Amount$

Sales 2,440,000

Variable cost(10,000*185(195-10)) <u>1,850,000</u>

Contribution margin 590,000

Fixed cost (327,600+42,500) <u>370,100</u>

Income <u>$219,900</u>

Because the income increase by $57,500 due to the pruchase, the company should purchase the machine

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3 years ago

E marketplace can take two different formats, which are

IgorC [24]

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3 years ago

Jim Walton perform services on credit for $2450 a debit for this transaction should be recorded to?

ki77a [65]

A) accounts receivable

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3 years ago

Which answer applies to "fine print"?

Kay [80]

Answer:

D. All of the Above

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3 years ago

On November 1, 2018, ABC signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six mo

Kryger [21]

Answer:

ABC

In recording the payment of the note plus accrued interest at maturity on May 1, 2019, ABC would: __________

Journal Entries:

May 1, 2019:

Debit Interest Payable $1,000

Debit Interest Expense $2,000

Debit Notes Payable $100,000

Credit Cash $103,000

To record the payment of the note plus accrued interest at maturity.

Explanation:

a) Data and Calculations:

November 1, 2018:

6% 6-month Note Payable = $100,000

December 31, 2018:

Accrued interest = $1,000 ($100,000 * 6% * 2/12) for 2 months

May 1, 2019:

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Transaction Analysis on May 1, 2019:

Interest Payable $1,000 Interest Expense $2,000 6% Notes Payable $100,000 Cash $103,000

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3 years ago