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Answer:
the expected return is 10.9%
Explanation:
The computation of the expected return is shown below:
= expected return × weightage
= 0.16 × 0.35 + 0.15 × 0.10 + 0.12 × 0.15 + 0.05 × 0.40
= 0.056 + 0.015 + 0.018 + 0.020
= 10.9%
Hence, the expected return is 10.9%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750
Answer:
Margin of safety= 950 units
Explanation:
<u>First, we need to calculate the break-even point in units:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 42,000 / (54 - 14)
Break-even point in units= 1,050
<u>Now, the margin of safety in units:</u>
<u></u>
Margin of safety= (current sales level - break-even point)
Margin of safety= 2,000 - 1,050
Margin of safety= 950 units
