4 years ago

Fire hazards associated with painting can be reduced by

Business

1 answer:

MrRissso [65]4 years ago

7 0

Keeping the paint away from an open flame.

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A firm is currently producing 100 units of output per day. The manager reports to the owner that producing the 100th unit costs

Digiron [165]

Answer:

True

Explanation:

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4 years ago

Concord reported the following information for the current year: Sales (49000 units) $980000, direct materials and direct labor

Zanzabum

Answer:

Concord BEP: 400,000 units

Explanation:

Break Even Point (Units) = Fixed Cost / (Selling Price - Variable Cost) or

Break Even Point (Units) = Fixed Cost / Contribution Margin

Concord Break Even Point:

Contribution Margin Per Unit: (($980,000 - ($490,000 + $49,000)) / 49,000 = $9

Concord BEP: $360,000 / $9 = 400,000 units

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3 years ago

On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed

Alex

Answer: Debit Accounts receivable for $600.

Explanation:

The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.

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3 years ago

X Company must replace one of its current machines with either Machine A or Machine B. The useful life of both machines is seven

Anastaziya [24]

Answer: 0 years

Explanation:

The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.

The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.

For machine A - cumulative cash flow- $-47,000 is less than -$71,000

For machine B - cumulative cash flow, -$7,000 is less than -$52,000

Explanations on how the figures were derived is found in the attached tables.

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4 years ago

Jeff believes in the principle of rights theory and uses it to make ethical decisions for his business. He must decide whether t

Anika [276]

Answer:

D. How his decision will affect the rights of his employees, his consumers, and others.

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3 years ago