Answer:
![\left[\begin{array}{cccc}&$Flexible Budget&$Actual&$Variance\\$Sales&548,000&500,000&48000U\\$Variable&-82,200&-113,700&31,500U\\$Contribution&465,800&386300&79,500U\\$Fixed Cost&-142,000&-134,000&8,000F\\$Income&323,800&252300&71,500U\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24Flexible%20Budget%26%24Actual%26%24Variance%5C%5C%24Sales%26548%2C000%26500%2C000%2648000U%5C%5C%24Variable%26-82%2C200%26-113%2C700%2631%2C500U%5C%5C%24Contribution%26465%2C800%26386300%2679%2C500U%5C%5C%24Fixed%20Cost%26-142%2C000%26-134%2C000%268%2C000F%5C%5C%24Income%26323%2C800%26252300%2671%2C500U%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
Sales Price: 434,000 / 21,700 = 20
Variable cost: 65,100 / 21,700 = 3
fixed cost: 142,000
Values at 27,400 units:
sales: 27,400 units x $20 = 548,000
variable cost: 27,400 units x $3 = 82,200
Now, we compare with the actual result and calcualte the income
Answer:
Option D. Its presence lengthens both a firm's average collection period and its average payment period
Explanation:
The increase in the float, increases the investment in the working capital so the Option A is incorrect
The reason is that it is the time period from the time the cash was deposited in the company's account to the time its was credited due to the payment to the vendors. If the floating time is increased then the collection period and payment period are increased which is the option D and is totally opposite to option B and C.
That is "True".
For around seventy years, going back to the Great Depression, the legislature forced production constrains on individual tobacco cultivates yet ensured a artificially high cost for the harvest. The strategy kept up order in the tobacco developing business for a considerable length of time and kept numerous little agriculturists alive. At the point when Congress voted a ballot in late 2004 to take out the government's contribution in the business, it was seen as an approach to standardize the cost of tobacco and make U.S. tobacco cultivating more focused over the long haul.
1.To record the purchase of inventory on account and the payment of freight charges.
Inventory4,000
Accounts payable4,000
Inventory300
Cash300
2. To record purchase returns.
Accounts payable600
Inventory600
3. To record cash sales and cost of goods sold.
Cash5,000
Sales revenue5,000
Cost of goods sold2,800
Inventory2,800
Exercise 8-2
1. To record the purchase of inventory on account and the payment of freight charges.
Purchases4,000
Accounts payable4,000
Freight-in300
Cash300
2. To record purchase returns.
Accounts payable600
Purchase returns600
3. To record cash sales.
Cash5,000
Sales revenue5,000
