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MatroZZZ [7]
3 years ago
11

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comfy Fit Company manufactures two type

s of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30 minutes of machine time. Assume that a maximum of 52,080 units of each sweatshirt can be sold.

Business
1 answer:
nirvana33 [79]3 years ago
5 0

Answer:

See attached picture.

Explanation:

See attachment.

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Doss [256]
A business enterprise is a for-profit entity. there are different ways a business enterprise can be organized for legal and tax purposes. whatever the structure, the common element is the for-profit aspect.
3 0
3 years ago
Read 2 more answers
PA10-3 Recording and Reporting Current Liabilities [LO 10-2]
ioda

Answer:

See the explanation for the answer.

Explanation:

The required journal entries will be prepared as follows:

1 & 2  

i.  To record payroll on December 31.

Date         General Journal                                Debit        Credit

Dec. 31     Salaries and Wages Expense          80000  

                Withheld Income Taxes Payable                        8000

                FICA Taxes Payable                                            6000

                Contribution to American                                   3000

               Cancer Society        

                Cash                                                                     63000

Dec. 31 Payroll Tax Expense                          6600  

                FICA Taxes Payable                                           6000

               State and Federal Unemployment                     600

                Taxes Payable

 

ii. To record collection of rent on December 10.

Date           General Journal                        Debit            Credit

Dec. 10       Cash                                           6000  

                   Unearned Rent Revenue                               6000

iii. Adjusting entry on December 31.    

Date         General Journal                                  Debit         Credit

Dec. 31     Unearned Rent Revenue                    4000  

                Rent Revenue                                                        4000

3.

The liabilities should be reported in the balance sheet as follows:

L COMPANY

Balance Sheet (Partial)

At December 31

Current Liabilities:  

Income Taxes Payable                                                 8000

FICA Taxes Payable                                                     12000

Contribution to American Cancer Society                  3000

State and Federal Unemployment Taxes Payable     600

Unearned Rent Revenue                                             2000

Total current liabilities                                                  25600

5 0
3 years ago
9) what is one downside of using a savings account instead of a checking 1pc
White raven [17]

Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.

<h3>What is meant by checking account?</h3>

Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.

Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.

Thus, option B is correct.

For more details about checking account, click here:

brainly.com/question/22857190

#SPJ1

4 0
2 years ago
On November 30, 2020, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when
Ivanshal [37]

Answer:

The merchandise should be reported on the U.S. Company's December 31, 2020 balance sheet at:

b. $1,050

Explanation:

a) Data and Calculations:

November 30, 2020 Inventory purchase = CHF1,000

Exchange rate on this date = $1.05/CHF

Inventory worth = $1.05 * CHF1,000 = $1,050

b) The inventory should be reported on December 31, 2020 at $1,050.  It does not need to be reported at a value above or below this.  Even, the debt owed to the Swiss supplier will be reported at this price.  It is when payment for the invoice is being made on February 1, 2021 that consideration will be given to the exchange rate at which payment is made.

5 0
3 years ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,
kolezko [41]

Answer:

It cost $915,166.69

Explanation:

R=75,000

i=j/m, j=0.0525, m=1 - annually

i=0.0525

n=mt

n=20

An=R[1-(1+i)^-n] : i

An=(75,000x[1-(1+0.0525)^-20]) : 0.0525

An=$ 915,166.69

8 0
4 years ago
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