Answer:
Dr Account receivable $65,940
Cr Sales Revenue $62,800
Cr Sales tax payable $3,140
Explanation:
Sales of merchandise inventory on account
Dr Account receivable $65,940
Cr Sales Revenue $62,800
Cr Sales tax payable $3,140
Sales tax payable = Sales Revenue × Sales tax percentage
$62,800×5%
=$3,140
Amount of account receivable
Account receivable = Sales Revenue + Sales tax payable
$62,800+ $3,140
=$65,940
Answer:
The effect on net operating income would be an increase of $137,900
Explanation:
Giving the following information:
Selling price $85
Variable expenses per unit $ 35
If Price Paper spends an additional $12,100 on advertising, sales volume should increase by 3,000 units.
To calculate the effect on income, we need to determine the incremental total contribution, and deduct the incremental fixed costs:
Effect on income= 3,000*(85 - 35) - 12,100= $137,900
There is not enough information in this question to answer it. You cannot determine significance with just the alpha value. You need the actual test statistic (p-value) to determine this.
If the p-value is less than the alpha value, you reject the null hypothesis (the there is no difference).
Answer:
The ticket price that maximizes revenue is $18.10
Explanation:
Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:
So we expand it:
This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:
And to find the X-coordenate we have to use the following equation.
In our case, A= -65; B= 1,247.5, so, all should look like this:
That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be
Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10
Best of luck.
Cost-reimbursable contracts involve payment to the supplier for direct and indirect actual costs and often include fees.
A cost-reimbursable contract is an agreement between two parties called the contractor and the owner. Here the contractor gets the reimbursement for the cost incurred while carrying out the work as per the contract, and also gets an additional fixed fee from the company or an owner.
Here the final pricing of the contract is determined later based on the underlying deal and the actual costs it took to complete a project given to the contractor.
Hence, cost-reimbursable contracts involve payment for direct and indirect actual costs.
To learn more about cost-reimbursable here:
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