Answer:
The operating income will be:
Total contribution($2.50 x 29,000) = 72,500
Less: Fixed cost = 31,200
Operating income = 41,300
Explanation:
The contribution per unit is $2.50. This per unit contribution will be multiplied by the number of units produced and sold in order to obtain total contribution. Operating income is the excess of total contribution over fixed cost.
Answer:
Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different
values.
Explanation:
In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.
For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.
Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.
This is more object than market value which varies at any one time.
Market value for an item will vary depending on location and the market.
The complete question is:
Ana was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking spaces would be lost as a result of construction across the street, she raised her hand and said, "Then where, exactly, do you expect us to park?" The manager tried to provide some recommendations, but Ana continued to complain until the manager gave up and announced that the meeting was over.
What should Ana do to make the next meeting more effective and productive?
Answer:
Bring a positive attitude
Explanation:
In this scenario Ana was already frustrated by the excess workload she has before attending the meeting. So when the manager raised the issue of construction affecting parking spaces she expressed a negative reaction, and kept complaining until the manager gave up and announced that the meeting was over.
For the next meeting to be more productive Ana should bring a positive mindset, and consider recommendations provided by the manager.
This will result in her working collaboratively with the manager to find solutions to the parking space problem.
Answer:
A) DEBIT to Accounts Payable for $1,500
Explanation:
The records that the company should make regarding the payment of the purchased merchandise is:
- Debit record Accounts Payable account 1,500 (since Accounts Payable is a liability account, when it decreases it should be debited)
- Credit record Cash account 1,500 (since Cash is an asset account, when it decreases it should be credited)
