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2 years ago

What can cause lost in a new business?

Business

1 answer:

Fudgin [204]2 years ago

8 0

What type of skew is observed in this histogram?

symmetry zero skew negative skew positive skew

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Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost

patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

$\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\$

For question 2:

Calculating the ending inventory units:

$= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\$

Calculating the cost for the Ending inventory:

$=1600\ units \times \$16.5\\\\=\$26,400\\\\$

For question 3:

Calculating the absorption costing for the income statement:

Particular Amount

Sales $(38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600$

-COGS $(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600$

Gross profit $\$288,000$

Cost of variable marketing $(\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080$

marketing and administrative costs are fixed $\$130,500$

Net income $\$111,420$

6 0

2 years ago

The PE ratio: Assuming Net Income for the year is $250,000, what is the net cash flows from operating activities given the follo

solmaris [256]

Answer:

Net operating cash flow = $189,250

Explanation:

Particulars Amount$

Net income 250,000

Add:depreciation expense 9,500

Add:loss on sale of asset 1,250

Add:increase in salary payable 19,500

Less:increase in prepaid rent (27,500)

Add:increase in AP 29,500

Less:increase in inventory (93,000)

Net operating cash flow $189,250

4 0

2 years ago

A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to

Mashutka [201]

Answer:

Limited partner

Explanation:

A limited partner has limited liabilities and doesn't take an active role in managing the operation of the business. A limited partner is also known as a silent partner.

I hope my answer helps you

3 0

2 years ago

Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210

Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0

2 years ago

What do you understand by the term trashing? a. Looking through a suspect’s garbage for possible evidence. b. Destroying hard co

iVinArrow [24]

Answer:

Looking through a suspect's garbage for possible evidence.

Explanation:

When an investigation is being carried out, looking through a suspect's trash is a good strategy.

People tend to discard relevant documents in am investigation through their trash, and looking through their garbage can uncover items that will give insights on cases.

For example if an individual commits a fraud in the process of concealment he may have torn up a document, and put it in the trash for disposal. People feel nobody goes through trash and that it is a good way of disposing evidence.

7 0

2 years ago

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