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lorasvet [3.4K]
3 years ago
6

The following information is available for Trailblazer, a manufacturer of four-wheel all-terrain vehicles for its first two year

s of operation: 2020 2021 Vehicles produced 1,000 1,400 Vehicles sold 900 1,200 Selling price per unit $1,200 $1,200 Direct material per unit $350 $350 Direct labor per unit $220 $220 Variable manufacturing overhead per unit $40 $40 Fixed manufacturing overhead per year $112,000 $112,000 Variable selling and administrative expense per unit $20 $20 Fixed selling and administrative expense per year $35,000 $35,000 Calculate net income for 2021 using full costing. Net income $enter a net income in dollars 523000
Business
1 answer:
ch4aika [34]3 years ago
8 0

Answer:

$537,000

Explanation:

The computation of net income for 2021 using full costing is shown below:-

Net income = Sales - Cost of goods sold - Selling and administrative expenses

= (1,200 × 1,200) - (((1,200 × (350 + 220 + 20)) + 112,000) - ((1,200 × 20) + 35,000)

= $1,440,000 - $844,000 - $59,000

= $537,000

So, for computing the net income we simply applied the above formula.

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a firm installs 1500 air conditioners which need to be serviced every six months. the firm can hire a team from its logistics de
sdas [7]

There are 2 options available to the firm 1 is to hire the staff for service or 2 is to outsource the service.

<h3>What is outsourcing?</h3>

Outsourcing is the act of obtaining services from external provider instead of having own management. A company can outsource its functions or departments.

Inhouse

$6000 + ($15 * 1500) = $28,500

Outsource

$17 * 1500 = $25,500

Lowest is $25,500 in outsourcing

It is better to outsource the service of air conditioner

Learn more about outsourcing at brainly.com/question/27125576

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4 0
2 years ago
Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank
Paladinen [302]

Answer: a. $53500

b. A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.

Explanation:

a. Based on a 360-day year, the monthly payment for each loan for November will be:

Principal = $600,000

Interest rate = 10%

Simple interest = (P×R×T)/100

= (600000 × 10× 1) /100

= $60000

The simple interest per month which will also be thesame for Novemeber will be:

= 60000/12

= $5000

Since add on interest is 7%, then the interest will be:

= 7% × $600,000

= 0.07 × $600,000

= $42000

Therefore, the interest for month of November will be:

=(600000 +42000)/12

= $642000 / 12

= $53500

b. The answer that best evaluates the statement given is option B. It should be noted that since it's a startup company, there may be challenges in repaying the loan. Therefore, the best scenario will be that the loan should be given on add on interest basis.

4 0
3 years ago
In the theory of perfect competition, the assumption of easy entry into and exit from the market implies Group of answer choices
kow [346]

Answer:

Zero economic profits in the long run.

Explanation:

In a perfect competition, firms are able to freely enter into, or exit a market.

As more and more firms enter the market, it causes an increase in supply in the long run, which<u> leads to a fall in prices and therefore profits, such that firms will start to earn normal profits or </u><u>zero economic profits.</u>

8 0
3 years ago
As noted in your text, global segmenting, targeting, and positioning are more complicated than domestic segmenting and positioni
expeople1 [14]

Answer:

These are the options for the question:

  1. Complications due to franchising issues.
  2. The taxes imposed by some foreign countries on marketing activities.
  3. Differences in the way consumers see themselves and in the way they see products and services.
  4. Currency differences.
  5. Anti-discrimination regulations prohibiting segmentation and targeting in developing countries.

And this is the correct answer:

  • Differences in the way consumers see themselves and in the way they see products and services.

Explanation:

The correct option is related to cultural differences. People from different countries see themselves and products and services in a distinct manner.

For example, people in Muslim countries do not eat pork because they would perceive themselves as sinners if they did so, since the Quran forbids the consumption of pork. A pork-producing company cannot enter this market, and would have to offer a different product.

Another, more nuanced example would be within the U.S. New Yorkers generally do not like pre-made, chain-based Pizza because New York has many family and gourmet pizzerias. Pizza chains should emphasize quality or convenience (or both) when marketing for the New York marketing.

3 0
4 years ago
In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On J
balu736 [363]

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

4 0
3 years ago
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