The company should fix the price per unit as <u>$9 </u>to increase current profits.
<u>Explanation</u>:
<em><u>Given:</u></em>
Sales price= $34
Direct materials= $2
Direct labor= $3
Variable overhead= $4
Fixed overhead= $5
The company is capable of producing 5000 units with 80% operating capacity.
5000/0.80-5000=1250 units
Incremental cost= $2+$3+$4
= $9
This is a Firm and True Statement.
Each row of the production possibilities schedule illustrates the <u>MAXIMUM</u> amount of a good service that may be produced given the production of the other.
- A production possibilities schedule demonstrates the fundamental economic principle of opportunity cost, which states that the economy must forgo producing one thing in order to create another. The incredibly helpful production possibilities curve is likewise derived from a production possibilities schedule (or frontier)
<h3><u>What is an example of a production possibility?</u></h3>
- The trade-off between manufacturing one good vs another is gauged by the production possibilities curve. Consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is the point B on the diagram. It must produce fewer apples if it wishes to grow more oranges.
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Answer:
B: an important determinant of wages, and it affects the production of goods and services.
Explanation:
Employees with their knowlege, skills and experience is valuable for a company and its economy; they they represent the company's asset, its human capital , which also includes other characteristics related to people instead of physical capital and machinery, such as: loyalty, intelligence, health, etc. <em>The human capital has a </em><em>direct relation</em><em> with the </em><em>produtivity</em><em> and its consequent </em><em>profits.</em>
Answer:
$1,900
Explanation:
Calculation to determine what the bad debt expense for the year is:
Accounts Receivable Uncollectible percentages 1-30 days $40,000* 1.5% =$600
31-60 days $10,000 *8.0% =$800
61-90 days $6,000 *15.0% =$900
Total $2,300
Bad debt expense =$2,300-400
Bad debt expense =$1,900
Therefore Based on this information, the bad debt expense for the year is:$1,900
Answer:
The Journal entries are as follows:
(i) In 2018,
Income Tax Expense A/c Dr. $24
Deferred Tax Assets A/c ($40 × 30%) Dr. $12
To Income Tax Payable ($120 × 30%) $36
(Being income tax and deferred tax recorded for 2018)
(ii) In 2019,
Income Tax Expense A/c Dr. $45
To Income Tax Payable ($140 × 30%) $42
To Deferred Tax Assets ($10 × 30%) $3
(Being income tax and deferred tax recorded for 2019)