To affect the market outcome, a price ceilinga. must be set below the black market price.

KAJ Incorporated purchased a machine costing $250,000 by paying $35,000 and signing a $215,000 note payable. How would this tran

Firdavs [7]

KAJ Incorporated purchased a machine costing $250,000 by paying $35,000 and signing a $215,000 note payable. How would this transaction be reported within the cash flow from investing activities section of the cash flow statement? ... It would not be reported in the investing activities section of the cash flow statement.

7 0

3 years ago

The Southside Corporation budgeted 4,400 pounds of direct materials to make 2,600 units of product. The company actually used 4,

garik1379 [7]

Answer:

$3.75

Explanation:

As we already know that

Direct materials quantity variance = (Budged pounds of direct material - Actual pounds of direct material) × Standard rate

$1,500 unfavorable = (4,400 pounds - 4,800 pounds) × Standard rate

$1,500 unfavorable = 400 × Standard rate

So, standard rate is

= $1,500 ÷ $400

= $3.75

We simply applied the above formula

5 0

4 years ago

Read 2 more answers

Green Corporation has total sales revenues of $400,000. If its total fixed costs are $70,000 and its total variable costs are $1

Georgia [21]

Answer:

Part 1

the contribution margin is $220,000

Part 2

the net change in operating income is $270,000

Part 3

Stanley's Bicycles contribution margin is $7,500

Explanation:

Green Corporation Contribution Margin Statement

Sales revenues $400,000

Less Variable costs ($180,000)

Contribution $220,000

Less Fixed Cost ($70,000)

Net Income $150,000

Frost Company Contribution Margin Statement

Contribution ($49 x 10,000) $490,000

Less Fixed Cost ($70,000)

Net Income $420,000

Change = $420,000 - $150,000 = $270,000

Stanley's Bicycles Contribution Margin Statement

Sales Revenue ($750 x 200) $150,000

Less Variable Costs :

Cost of Sales ( $600 x 200) ($120,000)

Commission ($150,000 x 15%) ($22,500)

Contribution $7,500

Less Fixed Costs

Rent expense ($1,400)

Salaries ($3,000)

Net Income $3,100

8 0

3 years ago

For every decision you make there is a trade off

Airida [17]

Answer:

True

Explanation:

I took the test on edge

8 0

4 years ago

An investor owns 25% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the

mel-nik [20]

Answer:

A. Journal Entries:

Debit Investment in Investee $100,000

Credit Net Income $100,000

To record the investor's share in net income of investee.

Debit Net Income from Investee $25,000

Credit Investment in Investee $25,000

To record the dividends received.

Debit Net Income from Investee $9,000

Credit Investment in Investee $9,000

To record the unrealized gain on the unsold inventory.

B. Balance of the equity investment at the end of the year:

= $1,066,000

C. Equity income for the following year if all inventories are sold:

= $112,500

Explanation:

a) Investment in investee:

Beginning balance $1,000,000

Net income share 100,000

Dividends received (25,000)

Unrealized gain (9,000)

Ending balance $1,066,000

Equity Income for the following year when all inventories are sold = 25% of $450,000 = $112,500

6 0

4 years ago