What is the meaning of remittance

Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.5

stellarik [79]

Answer:

correct option is (A) 16,500 units.

Explanation:

given data

shirts sold = $7.50

variable cost = $2.25

after tax net income = $5,040

selling price =$10

solution

we get here first fixed cost that is

Break even sales units = Fixed costs ÷ Contribution per unit .............1

put here value

20000 = $\frac{fixed \ cost }{7.50 -2.25}$

Fixed costs = $105000

and

Fixed costs coming year will be

Fixed costs coming year = ($105000 × 1.10)

Fixed costs coming year = $115500

and

Variable cost = $2.25 + ($2.25 × $\frac{1}{3}$ )

Variable cost = $3

so that Contribution margin will be

Contribution margin = Sales price - Variable cost ............2

Contribution margin = $10 - $3

Contribution margin = $7

and

break even sales units is

break even sales = $\frac{115500}{7}$

break even sales = 16500 units

so correct option is (A) 16,500 units.

4 0

3 years ago

Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation ex

JulsSmile [24]

Answer:

a $1,091.22

b $9,798.22

c - $1,709.78

d-1 $2,710

d-2 - $4,419.78

Explanation:

a. The computation of the net income is shown below:

= Sales - cost of good sold - depreciation expense - interest expense - income tax expense

= $34,318 - $24,212 - $5,997 - $2,710 - $307.78

= $1,091.22

The income tax expense

= ($34,318 - $24,212 - $5,997 - $2,710) × 22%

= $307.78

b. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense

= $34,318 - $24,212 - $5,997

= $4,109

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $4,109 + $5,997 - $307.78

= $9,798.22

c. Computation of the cash flow from assets for 2019 is shown below:

= Operating cash flow - net capital spending - changes in working capital

where, net capital capital = ending fixed assets - beginning fixed assets + depreciation

= $24,502 - $19,940 + $5,997

= $10,559

Changes in working capital = (ending balance of current assets - ending balance of current liabilities) - (beginning balance of current assets - beginning balance of current liabilities)

= ($8,684 - $4,673 ) - ($7,054 - $3,992)

= $4,011 - $3,062

= $949

Now put these values to the above formula

So, the value would equal to

= $9,798.22 - $ $10,559 - $949

= - $1,709.78

d.1 The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt

= $2,710 - 0 + 0

= $2,710

d.2 The computation of the cash flow to stockholder is shown below:

= Cash flow from asset - cash flow to creditors

= - $1,709.78 - $2,710

= - $4,419.78

8 0

3 years ago

Piper Corporation’s standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company work

jekas [21]

Answer: C. 1200 hour

Explanation:

It is indeed 1200 hours because the units produced increased by 20% and therefore, theoretically, so should the time.

5 0

3 years ago

22. Preferred stockholders hold a claim on assets that has priority over the claims of A) both common stockholders and bondholde

DedPeter [7]

Answer:

C) common stockholders, but after that of bondholders.

Explanation:

Preferred stockholders hold a claim on assets that has priority over the claims of common stockholders but after that of bondholders.

The preferred shareholder is given preference for the distribution of dividends, which is higher than the common stock. It is paid as per the discretion of the company´s directors. Instead, they have limited right and they do not vote for corporate governance like a common stockholder. In the case of the dissolution of the company, the preferred shareholders will still receive payment due to them in terms of dividends. They have a feature of both bonds and equity stockholders.

6 0

3 years ago

Which style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive?

Andrej [43]

The style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive is obliteration style.

Some couples will try the obliteration fashion. In this situation, each partner tries to erase or obliterate their authentic cultures and create a brand new “subculture” with new beliefs, values, and behaviors.

Style of interaction for an intercultural couple in which both companions try and erase their character cultures.

Culture is a prime component that transforms passionate love into romantic love. Cultural values and traditional behaviors affect the expressions and reports of love and transfer passionate love as primarily based on a sexual attraction into romantic love as an idealized and culturally affected manner of loving.

Learn more about obliteration style here brainly.com/question/17134967

#SPJ4

6 0

1 year ago