Jack bought a house and received a low interest rate because she had good good credit what is the meaning of good

Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purcha

bearhunter [10]

Answer: $600F

Explanation:

Given the following :

standard unit price - $1.80

actual purchase price per unit - $1.65

actual quantity purchased - 4,000

units actual quantity used - 3,900

units standard quantity allowed for actual production - 3,800 units

Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased

($1.65 - $1.80) × 4000

( $0.15) × 4000

$600F (Favorable) because standard price is higher than actual price

6 0

3 years ago

Which of the following is true of an opportunity cost? A. It is the income foregone by not using a resource in an alternative w

ahrayia [7]

Answer:

A. It is the income foregone by not using a resource in an alternative way.

Explanation:

Opportunity cost is the income foregone by not using a resource in an alternative way.

Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.

It also refers to the value or benefits of something that must be given up in order to acquire another thing.

7 0

4 years ago

Philadelphia Company has the following information for March: Sales $450,000 Variable cost of goods sold 240,000 Fixed manufactu

Effectus [21]

Answer:

Manufacturing margin = $210,000

Contribution margin = $158,000

Operating income = $53,000

Explanation:

Requirement 1

We know,

Manufacturing margin = Sales revenue - Cost of goods sold

given,

Sales revenue = $450,000

Cost of goods sold = $240,000

Putting the values into the formula, we can get

Manufacturing margin = Sales revenue - Cost of goods sold

Manufacturing margin = $450,000 - $240,000

Manufacturing margin = $210,000

Manufacturing margin also called gross margin.

Requirement 2

Contribution margin = Sales revenue - Variable expense

Given,

Sales revenue = $450,000

Variable expense = Variable cost of goods sold + Variable selling and administrative expenses

Given,

Variable cost of goods sold = $240,000

Variable selling and administrative expenses = $52,000

Putting the values into the formula, we can get

Variable expense = $240,000 + $52,000

Or, Variable expense = $292,000

Therefore,

Contribution margin = $450,000 - $292,000

Contribution margin = $158,000

Requirement 3

Operating income = Contribution margin - Fixed expense

Given,

Contribution margin = $158,000 (From requirement 2)

Fixed expense = Fixed manufacturing costs + Fixed selling and administrating expenses.

Fixed expense = $70,000 + $35,000

Fixed expense = $105,000

Putting the values into the formula, we can get

Operating income = Contribution margin - Fixed expense

Operating income = $158,000 - $105,000

Operating income = $53,000

5 0

4 years ago

Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par value, ten per

aleksandrvk [35]

Answer:

a.

Dr Cash 2,025,000

Cr Common stock 180,000

Cr Preferred stock 270,000

Cr Additional paid-in capital - common stock 1,080,000

Cr Additional paid-in capital - preferred stock 495,000

( to record the issuance of common stock and preferred stock)

Dr Treasury stock 46,000

Cr Cash 46,000

(to record repurchased of 2,000 common shares at $23 per share)

b.

Dr Cash 42,000

Cr Treasury stock 34,500

Cr Additional paid-in capital ( Treasury stock) 7,500

( to record 1,500 common stock sold at $28 per share)

c.

Dr Cash 10,000

Dr Additional paid-in capital ( Treasury stock) 1,500

Cr Treasury stock 11,500

( to record 500 common stock sold at $20 per share)

Explanation:

a.

<u>*Issuance:</u>

Cash receipt = Common stock unit price x number of common stock issued + Preferred stock unit price x number of preferred stock issued = 2,025,000

Common stock account and preferred stock account will be recorded as par value x number of stock issued. Thus: Common stock account = 60,000 x 3 = 180,000; Preferred sock account = 9,000 x 30 = $270,000

Additional paid-in capital common stock account balance and Additional paid-in capital preferred stock account balance each is equal to the difference between unit sell price and par value times number of stock issued. Thus: Common stock account = 60,000 x 18 = 1,080,000; Preferred sock account = 9,000 x 55 = $495,000.

<u>* Repurchased:</u>

Cash spent on repurchased = no of repurchased x repurchased unit price = 2,000 x 23 = $46,000

b.

Cash receipt ( Debit) = no of common stock sold x unit selling price = 1,500 x 28 = $42,000

Treasury stock will be credited at the amount equal : repurchased price x no of common stock sold = 23 x 1,500 = $34,500

The difference will be credited into Additional paid-in capital ( Treasury stock) $7,500

c.

Cash receipt ( Debit) = no of common stock sold x unit selling price = 500 x 20 = $10,000

Treasury stock will be credited at the amount equal : repurchased price x no of common stock sold = 23 x 500 = $11,500

The difference will be debited into Additional paid-in capital ( Treasury stock) $1,500.

7 0

3 years ago

Lee worked on a global team for an American company, and all her work had to be completed in her second language, English. Somet

Sergeu [11.5K]

Answer:

E. Encoding

Explanation:

Communication involves passing and sharing of information to people.

Encoding barrier of communication deals with the receiver of the information having difficulties in understanding the message . This happens when the sender has problems in choosing the appropriate words needed and arranging the words to make it grammatically correct.

Lee was asked to complete her work in English language which was her second language. She wasn’t really conversant with the language which is why her colleagues found it difficult to understand what she wrote.

5 0

3 years ago