Answer: Negative Sales Mix Variance
Explanation:
With regards to the above question, the company has a negative sales mix variance. First and foremost, we should know that the sales mix variance simply has to do with the difference between the actual sales mix and the budgeted sales mix of a company or organization.
From the question, there'll be negative sales mix variance and this will bring about a reduction in the revenue of the company as the budgeted sales will be lesser than actual sales. Therefore, Profit also reduces.
Answer:
The budget for The Twilight Saga: New Moon = $50 million
Explanation:
Let the budget for Twilight Saga: New Moon = T
Let the budget for Harry Potter: The Half Blood Prince = H
We are given the following:
(The budget for Twilight Saga is one-fifth the budget for Harry Potter)
Cross multiplying the equation
5T = H - - - - (1)
H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)
Next, let us substitute the value of H in equation (2) with equation (1)
(5T) + T = 300,000,000
6T = 300,000,000
Therefore, the budget for The Twilight Saga: New moon = $50,000,000
And the budget for Harry Potter: The Half Blood Prince = $250,000,000
Answer:
Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20
Explanation:
Data given:total unit
Cost of purchase with data;
Date Amount
April 5 $10
April 10 $12
April 15 $14
April 20 $16
April 22 $17
Total cost 69
Average cost = total cost /total quantity
= 69/5
=13.8
The cost of the ending inventory is given on the balance sheet below
Date Purchases Cost of Inventory Bal. Avg Cost
goods sold
April 5 $10* 1 unit= $10 - $10 10/1 = $10
April 10 $12* 1 unit=$12 - 10+ 12 = 22 22/2 = 11
April 15 $14* 1 unit=$14 - 22+14 =36 36/3 = 12
April 20 $16* 1 unit= $16 - 36 +16 =52 52/4 = 13
April 22 $17* 1 unit = $17 - 52+17 =69 69/5 = 13.8
April 25 - 1 unit*13.8 = 13.80 69 - 13.8 = 55.20
The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.
<h3>What is an Asset? </h3>
This refers to financial property owned by a company or individual that has some degree of value.
Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.
Read more about assets here:
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Answer:
As per Chegg guidelines .
Explanation:
For a high-context culture, the social environment or social context has more importance than the words being spoken. This means that in a high context culture, low-contex culture is not as important as the nonverbal communication, because nonverbal communication has more importance . For the high-context culture, a contract is just a beginning point for negotiations in closing the deal. Signing of the contract does not necessary means closing of the business deal. Some of the examples of high-context cultures are China, most Arab countries, Latin America, most African countries, most other Asian countries, and Italy. In reality, most cultures fall somewhere along a continuum, or sliding scale, in their perception of the importance of context (with high and low being the end points of the continuum
