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4 years ago

Can anyone help show me how to solve these? Please!! This is due tomorrow.. :(

Business

1 answer:

DIA [1.3K]4 years ago

3 0

1) 40 x9=360 that’s how much he should have earned. £360 - $332.46 = $27.54 that’s ur answer

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Wasilko Corporation produces and sells one product. a.The budgeted selling price per unit is $114.Budgeted unit sales for Februa

USPshnik [31]

Answer:

C) $21,080

Explanation:

The computation of the net operating income is given below:

Particulars Per unit Total

Sales $114 $1,128,600

Less: Variable expenses:

Raw material cost (6 pounds for $4) $24 $237,600

Direct labor cost (2.4 hours for $24) $58 $570,240

Manufacturing overheads (2.4 hours for $9) $22 $213,840

Variable selling and admin expenses $2 $15,840

Contribution margin $9 $91,080

Less: Fixed Selling and admin exp $70,000

Net operating income $21,080

3 0

3 years ago

A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost, but also the "opportunity cost" (lost

Nataliya [291]

Answer:

The correct answer is real cost.

Explanation:

The real cost of attending a concert includes both explicit as well as an implicit cost. The explicit cost is the direct cost paid out of pocket. For instance, the cost of concert tickets, transport cost, cost incurred on food and beverages, etc are the direct or explicit cost.

The implicit costs are the indirect costs which are not directly incurred. The main example of implicit cost is the opportunity cost of attending the concert. Opportunity cost is the cost involved in sacrificing the alternative. For instance, if a person is taking leave from work then the wages that he/she could have earned is an opportunity cost.

4 0

4 years ago

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $1.5 million. It had $2.0 million of interest e

Vilka [71]

Answer:

Depreciation & amortization = $1 million

Explanation:

The EBITDA is the earning of the company before interest, tax and depreciation and amortization deduction.

To calculate the Net Income from EBITDA, we subtract the charges for depreciation, amortization, interest and taxes.

Thus, net income is,

Net income = EBITDA - Depreciation & amortization - Interest - Tax

The tax is deducted from EBT which is earnings before tax. It is calculated by deducting the depreciation & amortization and interest from EBITDA. Thus, after deducting tax from EBT, we get net income. We can say that if tax is 40% it means that tax is 40% of EBT and net income is the remaining 60% of EBT.

Thus, if 60% of EBT is 1.5 million, then total EBT is,

EBT = 1.5 / 0.6 = $2.5 million

So, tax is = 2.5 * 0.4 = $1 million

Plugging in the values available in the net income formula,

1.5 = 5.5 - Depreciation & amortization - 2 - 1

1.5 + Depreciation & amortization = 5.5 - 3

Depreciation & amortization = 2.5 - 1.5

Depreciation & amortization = $1 million

5 0

4 years ago

Suppose that, for every 1-percentage-point decline of the discount rate, commercial banks collectively borrow an additional $2 b

almond37 [142]

Explanation:

Decline by $0.5 billion and the money supply will decline by $2.5 billion.

4 0

3 years ago

A common size analysis requires the representation of financial statement data in terms of a single financial statement item (or

charle [14.2K]

Answer:

Net sales

Explanation:

A common size income statement represent the income statement in which each item line wise should be expressed as the sales or revenue percenatge. The motive of preparing this statement is to have the analyse and compare the performance of the company with their various years

So the base item that should be common used for this type of income statement is net sales

6 0

4 years ago