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3 years ago

Which financial statement shows a company's profits or losses over a period of time?

Business

1 answer:

fomenos3 years ago

6 0

The Profit and Loss Statement.

This shows profits and losses over a set period of time.

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The etruscans developed a special sophistication in casting and engraving on

Archy [21]

The Etruscans developed a special sophistication in casting and engraving on bronze.
The Etruscans were an ancient culture that was located in central and northern Italy. They were very famous for their art, especially for bronze casts and engravings that are an important archaeological relic even today. They weren't the first nation to do this type of art, however, they were the best.

4 0

3 years ago

Swifty Corporation is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product i

Bumek [7]

Answer:

See below

Explanation:

Assembled product

Cost = $24 + $20 = $44

Selling price = $69

Profit = $69 - $44 = $25

Unassembled product

Cost = $24

Selling price = $56

Profit = $56 - $24 = $32

Therefore, Swifty corporation should sell before assembly, the company will be better off by $7

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3 years ago

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di

Gnom [1K]

Answer:

December 31, 2018

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0

3 years ago

Six differences between weighted average cost of capital and marginal cost of capital

padilas [110]

WACC is the weighted average cost of capital already borrowed/invested.

Marginal cost of capital is the cost that will be incurred if one more $ of capital is raised either by equity or by debt.

So if more capital is borrowed and has a resulting higher marginal cost, the WACC increases as well.

4 0

3 years ago

During May, Joliet Fabrics Corporation manufactured 600 units of a special multilayer fabric with the trade name Stylex. The fol

Anika [276]

Direct labour rate variance = (3875) unfavourable, Direct labour efficiency rate = (800) unfavourable

Explanation:

Computation of Direct Material Price & Quantity Variance

Direct Material Purchase - Price variance = (SP minus AP) multiply AQ Purchase ($1.45 minus $1.48) multiply19000 = ($570) Unfavourable

Direc Material Quantity Variance =(SQ-AQ)SP =

((20 multiply600)-10500) multiply$1.45 = $2,175 Favourable

Direct Material Price variance - (SP minus AP)AQ Used = ($1.45minus $1.48) multiply10500 = ($315) Unfavourable

Computation of Direct Labour Rate & Efficiency Variance

Direct Labour Rate variance = (SR minus AR)multiply AH

= ($8 minus $9.25) multiply3100 = -3875 Un Favourable

Direct Labour Efficiency Variance (SH minus AH)multiply SR

= ((5 multiply 600) minus 3100)multiply8) = -800 Un Favourable

8 0

3 years ago