Answer:
13,000 units
Explanation:
The excess of budgeted sales over budgeted production = 127,000 - 110,000 = 17,000 units. In other words, this is the number of units that the company will be in short of.
The company has 30,000 units in beginning inventory, thus the amount of ending finished goods inventory will be = 30,000 - 17,000 = 13,000 units
Answer:
I used the relative frequency method
Explanation:
To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.
Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities
Event E1 occurred 20 times of the 50: 
Event E2 occurred 13 times of the 50: 
Event E3 occurred 17 times of the 50: 
Answer:
Unitary variable cost= $8.08
Contribution margin= $15.92
Explanation:
Giving the following information:
Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
The variable cost per unit is the sum of direct material, direct labor, and variable overhead.
Unitary variable cost= 4.98 + 2.1 + 1= $8.08
The contribution margin per unit is the difference between the selling price and the unitary variable cost:
Contribution margin= 24 - 8.08= $15.92
Answer:
b. 2.81 times
Explanation:
Calculation to determine Total stockholders' equity, end-of-year 121,851
Total asset turnover is:
First step is to calculate the Total assets
Beginning Ending
Total liabilities $83,932 $103,201
Total equity 198,935 121,851
Total assets $282,867 $225,052
Now let determine the Total asset turnover
Total asset turnover = $712,855/[($282,867 + $225,052)/2]
Total asset turnover= 2.81 Times
Therefore Total stockholders' equity, end-of-year 121,851
Total asset turnover is:2.81 Times
Answer:
a.Company A has a lower return on assets (ROA).
c.Company A has a lower times interest earned (TIE) ratio.
That is options a and c
Explanation:
For company A to have high debt ratio means it has a higher debt which will reduce earnings. Company A's earnings will be less than Company B's.
ROA= Net income/Total assets
Since Company A's income is less than Company B's ROA for Company A will be less than that for Company B.
TIE = Earnings before Interest and Tax/Interest
Due to higher debt of company A it's interest will be higher resulting in low TIE.
