Answer:
What amount should be reported in the company's income statement as income from continuing operations?
$54000
Explanation:
revenue 600000
Operating expenses -420000
Interest expense -20000
gain on sale of investments 30000
restructuirng cost -100000
Income 90000
Tax rate 40%
tax expense 36000
Net income 54000
Answer:
At the end of the sixth year, you will have:
= $8,487.17.
Explanation:
a) Data and Calculations:
Annual savings = $1,000
Interest rate per year = 10%
Period of savings = 6 years
First deposit = today
From an online financial calculator:
N (# of periods) 6
I/Y (Interest per year) 10
PV (Present Value) 0
PMT (Periodic Payment) 1000
Results
FV = $8,487.17
Sum of all periodic payments $6,000.00
Total Interest $2,487.17
Answer:
A. total revenues cover total variable cost
Explanation:
In the case of the shory run, if the price is more or equivalent to the avergae variable cost so the firm would continue to operate
That means
P = AR >= AVC
where,
P = Price
AR = Average revenue
AVC = average variable cost
Therefore as per the given situation, the option A is correct
hence, the same is to be considered
Answer:
merchandise purchases budget
Explanation:
A product sales forecast is a business plan that records the cumulative amounts of expenses or commodity production units that a retailer is supposed to buy in a reporting year.
In other terms, this is the expenditure analysts use to prepare acquisitions in inventories for the forthcoming times. This is also the guideline which determines the sum of money which the procurement department may allocate on yearly stock purchasing.
Thus, from the above we can conclude that the correct option is D.
Answer:
Unitary variable cost= $42
Explanation:
Giving the following information:
Direct Materials $14
Indirect Materials (variable) $4
Direct Labor $8
Indirect Labor (variable) $6
Other Variable Factory Overhead $10
During the period, the company produced and sold 1,000 units.
Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:
Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42
