Answer:
$73,000
Explanation:
Data provided in the question:
Selling Price per unit = $55
Variable rate per unit = $15
Budgeted fixed costs = $20,000
Number of chairs sold = 3,100
Now,
Contribution per unit = Selling Price per unit - Variable rate per unit
= $55 - $25
= $30
Therefore,
Total contribution = Contribution per unit × Number of chairs sold
= $30 × 3,100
= $93,000
Hence,
Operating income = Total contribution - Budgeted fixed costs
= $93,000 - $20,000
= $73,000
An investment banker is responsible for (b) taking deposits from investors.
Explanation:
- An Investment Banker helps its client in IPO and bond offerings.
- The Investment Banks help their clients with a companies valuation ( Actual worth of a company) thus an investment Banker help its client with the process of Merger and Acquisition.
- Investment Banker also acts as an advisor for various services like Depository,Mutual fund,Derivative services.
Answer:
Option A seems to be the correct approach.
Explanation:
- A financial lease seems to be a contractual contract in which: the lessee requires a property. Consider buying the commodity from the lessor. Mostly during the rental agreement, the lessee seems to be using that income stream.
- The obligation to pay a sequence of installments or leases and the use of the commodity. Although a finance lease becomes capitalized, the financial statement raises when both capital as well as the responsibilities.
The other alternatives in question aren't relevant to something like a particular circumstance. Then the above will have to be a viable substitute.
Answer:
$5,650
Explanation:
Calculation for What is the amount of Robbie's Taxable Income
Wages $6,800
Add Interest Income $6,000
= Adjusted Gross Income $12,800
($6,800+$6,000)
Less Standard Deduction ($7,150)
Taxable Income $5,650
($12,800-$7,150)
Therefore the amount of Robbie's Taxable Income is $5,650
Answer:
Option A and B
Explanation:
The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.
Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.
Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.
Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.