Entry to and exit from a perfectly contestable market are costless.
Answer:
Unitary contribution margin= $2.2
Explanation:
Giving the following information:
Tons of cement produced and sold 240,000
Sales revenue $1,008,000
Variable manufacturing expense $439,000
Variable selling and administrative expense $41,000
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 1,008,000 - 439,000 - 41,000
Total contribution margin= $528,000
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= 528,000/240,000
unitary contribution margin= $2.2
Answer:
Dr Printing Expense $140
Dr Postage Expense $54
Cr Cash Over and Short $1
Cr Cash $193
Explanation:
Derrick Company
Journal entry
Dr Printing Expense $140
Dr Postage Expense $54
Cr Cash Over and Short $1
Cr Cash $193
Cash over and short
Receipts for postage ($140) printing ($54)
Fund balance $7
$140+$54+$7=$201- 200 petty cash fund
=$1
Answer:
Net investing cash flow = $5,300,000 outflow
Explanation:
Purchase Stock in another company = $2,200,000 (outflow)
+Short term investment purchase= $500,000 (outflow)
-Equipment sales proceed= $800,000 (inflow)
+Equipment purchase= $3,400,000 (outflow)
Net cash flow from Investing activities = <em>$5,300,000 (outflow)</em>
<em></em>
Net investing cash flow = $5,300,000 outflow
Net cash flow is derived by summing up any money received from the sale of assets, stocks and bonds or paying back loans. Subtraction of money paid out to buy assets, make loans or buy stocks and bonds, he total is the figure that gets reported on the cash flow statement as Net Cash Flow.
Answer:
Equivalent Units = 179,000
Explanation:
Number of units completed and transferred out = Units in beginning + Units started and completed during the month
= 26,000 + 120,000
= 146,000 units
Equivalent Units = Number of units completed and transferred out + (Additional units in process
*Percentage completed)
= 146,000 + 33,000*100%
= 146,000 + 33,000
= 179,000
Therefore, the number of equivalent units using the weighted-average method is 179,000