Answer and Explanation:
The preparation of the corrected un-adjusted trial balance is presented below:
<u>Particulars Dr Amount Cr Amount</u>
Cash $15,500
Accounts Receivable $46,750
Prepaid Insurance $12,000
Equipment $190,000
Accounts payable $24,600
Unearned rent $5,400
Common stock $40,000
Retained Earnings $70,000
Dividends $13,000
Service Revenue $385,000
Wages expense $213,000
Advertising expense $16,350
Miscellaneous expense $18,400
<u>Total $525,000 $525000 </u>
Answer:
Accounting Cost = $100,000
Economic Cost = $114,000
Explanation:
The computation of accounting and economic cost is shown below:-
Accounting Cost = Salary of Jill + Labor costs + Insurance and mortgage payment
= $30,000 + $60,000 + $10,000
= $100,000
Economic Cost = Accounting Cost + Investment return lost + Loss in Salary ($50,000 - $30,000) + Loss in Rent ($20,000 - $10,000)
= $100,000 + $4,000 + $10,000
= $114,000
Answer:
Contribution margin per production hour
Product X = $12
Product Y = $15
Explanation:
Part 1
Contribution margin per production hour
Contribution margin per production hour = Contribution ÷ Time to produce one product
Therefore,
Product X = $6 ÷ 0.5
= $12
Product Y = $5 ÷ 0.33
= $15
Part 2
The Demand Units of Product X and Product Y are missing so the calculation of profitable sales mix is impossible.
This mix would have been calculated by :
- Manufacturing all the units of Product Y since Y has the highest contribution margin per production hour (demand for Y × hours required per unit)
- With the remainder of hours out of 4,700 after producing all of Product Y demand, we would then produce Product X.
If these were the given choices:
A. the vision of the corporate founder
B. expectations of leadership
C. the performance evaluation-reward system
D. the location of the organization’s manufacturing and distribution facilities
The unlikely basis for an organization's culture is D. THE LOCATION OF THE ORGANIZATION'S MANUFACTURING AND DISTRIBUTION FACILITIES.
An organization's culture is based on the vision and mission of the company as well as its rewards to its employees. The culture of an organization is manifested in its treatment to its employees and services rendered to its customers.
Answer:
The answer is, the lowest bidding price is 3.1 pounds of protein
Explanation:
Solution
Given that:
For sustainable outcome, the government must give sustainable number of licences
The government is going auctions 40 licenses each month. the lowest winning bid would be lowest price at which the licences are given out y the government.
The government will start from the highest then to the lowest bid
So,
The number of people or individuals to be considered are 25 25 people bid 3.2 pounds and 20 people bid 3.1 pounds
so, the lowest bidding price is 3.1 pounds of protein.
Therefore, the lowest winning bid in the auction last month is 3.1 pounds of protein