Answer:
$42
Explanation:
Data provided as per the requirement of contribution margin per hour of machine time is here below:-
Unit Contribution Margin = $21
Machine Time required by fancy lamp = 0.50 hours
The computation of contribution margin per hour of machine time is shown below:-
Contribution Margin Per Hour of machine time = Unit Contribution Margin ÷ Machine Time required by fancy lamp
= $21 ÷ 0.50 hours
= $42
Therefore for computing the contribution margin per hour of machine time we simply divide the unit contribution margin by machine time required by fancy lamb.
I can’t see the questions very well
Answer:
The beginning balance in accounts receivable was: $47,500
Explanation:
Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.
Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.
The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500
According to answers.com its greenbacks
Answer:
B. Cash 1,300 Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr
Explanation:
Kincaid Company
Journal Entry
Date Description Debit Credit
Cash $1,300
<em>Accounts Receivable $1,200</em>
Consulting Revenue $2,500
