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USPshnik [31]
3 years ago
11

Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailoring services. After the company's first

year of operations, its owner prepared the following summarized data report for 2016
Sales (500 completed jobs)$150,000
Tailoring costs (550 jobs)
Direct labor70,500
Manufacturing overhead
Variable18,000
Fixed13,500
Operating expenses
Variable8,400
Fixed8,700

Required:
Prepare an income statement based on full absorption costing
Business
1 answer:
loris [4]3 years ago
5 0

Answer:

124

Explanation:

Yes

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An investor contributes $10,000 to a limited partnership and signs a $40,000 recourse note. In the first year, the investor's di
kondaur [170]

Answer: The loss carried to the next year is $10,000

Explanation:

the initial investment = $10,000 contribution + $40,000 recourse note= $50,000 initial basis.

The income in the first year = $15,000

Therefore total sum basis = $50,000 initial investment + $15,000 income = $65,000

The cash distributed = $5,000

we deduct the cash distributed from the total sum basis

hence,

remaining basis = $65,000 - $5,000 = $60,000

since the loss = $70,000

therefore,

the remaining loss after the first year = $70,000 - $60,000 = $10,000

so $10,000 will be the unused loss carried to the next year.

4 0
3 years ago
An ____________________ makes you distinctive, helping you differentiate yourself from rivals.
zloy xaker [14]

An<u> order winners </u>makes you distinctive, helping you differentiate yourself from rivals.

<h3>What is Order winners?</h3>

Order winners can be defined as the process that make  standard out or unique making more customers to be attracted to your product.

Customers tend to often look at price ,product quality before determining whether the buy a product or not, based on the order winner gives you competitive advantages as it drawn customers to your product.

Therefore An<u> order winners </u>makes you distinctive, helping you differentiate yourself from rivals.

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8 0
2 years ago
According to the​ Break-Even EBIT​ analysis, shareholders are​ ____ off with debt when EBIT is​ _____ the​ Break-Even EBIT level
Kobotan [32]

Answer:

Answer B.

Explanation:

EBIT break even point is a situation when company does not make a profit or has loss. It is a point where earnings per share are equal to zero. It is the level of ebit equal to fixed costs for the company, like interest on the debt. If this break even point increases, this leads to the increase of financial risk. However, increase of ebit above break even point leads to net income calculated as EBIT*(1-interest expense)*(1-tax rate)-preferred dividends being higher.

3 0
3 years ago
The owner of Hanson Manufacturing is considering the idea of establishing a smoke-free workplace and instigating an incentive pl
klemol [59]

Answer:

$2000

Explanation:

According to CDC research, each employee who smokes costs his or her organization approximately $2000 per year due to reasons such as;

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• Health related issues resulting from smoking that may cost the organization money or cause the employee to be absent from work (research shows that smokers are absent from work more than non smokers.

Therefore, for each smoker who quits smoking, Hanson Manufacturing will gain approximately $2000 in productivity.

7 0
3 years ago
In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be he
klemol [59]
Even though that particular business have the motive of increasing profit there would be a lot of benefits that the society will get such as...
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A bad side of such business could be  the monopoly power, if there is no company that produces similar good or service they tend to abuse the consumers by increasing the price of the goods and services they provide as there are no other firms that provide similar goods or services.

7 0
3 years ago
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