Answer: C. 1200 hour
Explanation:
It is indeed 1200 hours because the units produced increased by 20% and therefore, theoretically, so should the time.
You could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
Answer:
B, net income for the year was $1,200,000, average assets were $20 million, ROI was 6%
Explanation:
net income is calculated by multiplying the percentage margin by the sales. We have,
(2 ÷ 100) × $60,000,000
= 0.02 × $60,000,000
= $1,200,000
To calculate the average assets, sales is divided by the turnover.
we have, ($60,000,000 ÷ 3.0)
= $20,000,000.
To calculate the ROI, margin and turnover are multiplied.
we have,
(2% × 3.0) = 6%
Cheers.
Answer:
B) II and III.
Explanation:
Based on the information given the statement that are TRUE are II and III
II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000
III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.
Answer:
Cost of good manufactured= $50000
Explanation:
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
<u>Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. </u>They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $15000
Direct Labor=$30000
Factory overhead=$5000
Total= $50000
