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Talja [164]
3 years ago
14

"On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set

was $350 each. The cost of shipping the dining sets amounted to $3,600 and was paid for by Famous Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $600, and installation and setup costs of $780. The amount cash received by Famous furniture is"
Business
1 answer:
VashaNatasha [74]3 years ago
4 0

Answer:

The correct answer is $22,590.

Explanation:

According to the scenario, the given data are as follows:

Sale value = $850

Sale unit = 30 units

So, Total sale value = $850 × 30 = $ 25,500

Now, Commission on sale = $25,500 × 6% = $1,530

So, we can calculate the amount cash received by famous furniture by using following formula:

Cash received = Total sale value - Commission value - Advertising cost - Setup cost

= $25,500 - $1,530 - $600 - $780

= $22,590

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kari74 [83]

Answer:

The mean of the data is: 7.857

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Explanation:

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3 0
3 years ago
As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ i
Snezhnost [94]

As we go from home operation to international operations, we can potentially receive a<u> </u><u>rise in our costs</u>, but we can also see our <u>profits </u>increase. This is about business expansion.

<h3>What is business expansion?</h3>

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

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8 0
2 years ago
Brace Corporation uses direct labor-hours as the cost driver in its normal costing system. Brace budgeted that it would use 21,6
arsen [322]

Answer:

total estimated overhead costs for the period= $515,095.2

Explanation:

<u>First, we need to calculate the allocated overhead:</u>

Under/over applied overhead= real overhead - allocated overhead

20,440 = 506,920 - allocated overhead

allocated overhead= $486,480

<u>Now, we can determine the predetermined overhead rate:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

486,480= Estimated manufacturing overhead rate*20,400

Estimated manufacturing overhead rate= 486,480/20,400

Estimated manufacturing overhead rate= $23.847 per direct labor hour

<u>Finally, the estimated overhead for the period:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

23.847= total estimated overhead costs for the period/21,600

total estimated overhead costs for the period= 21,600*23.847

total estimated overhead costs for the period= $515,095.2

4 0
3 years ago
At the beginning of this month, the balance of Cody's checking account was $125.26. So far this month, he has received a paychec
juin [17]
1 MONTH (SO far) $125.26 + $987.25 - ( rate: 1x $15.00) - $43.22 - $57.26 + $100.00
= C :
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Answer is A
3 0
3 years ago
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the stock of abc company has a dividend yield of 4%. the corporation has paid a dividend of $3.00 a share over the last 12 month
Nana76 [90]

Here ,Dividend yield = 4%

Earnings per share = 3

Dividend yield is calculated as follows

Dividend yield = Dividend per share / Current market price

4% = 3 / Current market price

Current market price =  34% = 75

Consequently, the current market price per share is $75

<h3>What is meant by the current market? How can I find the most recent market price?</h3>

Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.

Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.

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4 0
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