Answer: The difference in daily profit by selling white bread instead of speciality bread is $22.
<u>Daily Profit from selling white bread:</u>
Selling Price per loaf $3
.0
Cost per loaf $1.5
Profit per loaf 
No. of units sold per day 52
Profit per day 
<u>Daily Profit from selling specialty bread:</u>
Selling Price per loaf $4.50
Cost per loaf $2.50
Profit per loaf 
No. of units sold per day 28
Profit per day 
Hence the difference in daily profit is 
<span>For the answer to the question above, the $25,000 due in 90 days.
I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56
Solve for r: 616.44 = 24383.56*r*(90/365)
r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded off the </span></span>24383.56
Answer:
<h2>
a. Traditional Cost</h2>
Product 540X
= Revenue - Cost
= 200,000 - 53,000
=$147,000
Product 137Y
= 162,000 - 48,000
= $114,000
Product 249S
= 92,000 - 25,000
= $67,000
<h2>
B. ABC Costing</h2>
Product 540X
= Revenue - Cost
= 200,000 - 47,100
=$152,900
Product 137Y
= 162,000 - 29,000
= $133,000
Product 249S
= 92,000 - 49,900
= $42,100
c.
Difference in Income for 540X
= 4.01%
Difference in Income for 137Y
= 16.67%
Difference in Income for 249S
= -37.16%
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
The document which establishes an initial record of the receipt of an inventory is THE RECEIVING REPORT.
The receiving report is usually used by a business to record the details of the products that are received from suppliers. The record documents what is owned to supplier based on the number of goods accepted and the ones that are returned.<span />
