<span>Long ago in a distant land, I, Aku, the shapeshifting Master of Darkness, unleashed an unspeakable evil! But a foolish Samurai warrior, wielding a magic sword, stepped forth to oppose me. Before the final blow was struck, I tore open a portal in time and flung him into the future, where my evil is law! Now the fool seeks to return to the past, and undo the future that is Aku</span>
Answer:
$48,000
Explanation:
The computation of the budgeted net income is shown below:
= Estimated gross margin - incurred selling and administrative expenses - interest expense
= $90,000 - $30,000 - $12,000
= $48,000
In order to find out the budgeted net income we simply deducted the total expenses incurred from the estimated gross margin
Answer:
$123,500
Explanation:
The impact on operating income for eliminating this business segment is shown below:
Sales $1,042,000
Less: Variable cost -$863,000
Contribution margin $179,000
Less: Fixed cost - $55,500 ($185,000 × 30%)
Impact in Operating income $123,500
By finding out the operating income we concluded that there is a decrease in operating income for $123,500
Answer:
Given that
July 1 = 1 unit purchased at $30
July 10 = 1 unit purchased at $33
July 24 = 1 unit purchased at $36
Total cost = $99
Average cost per unit = $33
Assuming sales of 1 unit on July 28 at $47
A. FIFO
gross profit = revenue - cost
= 47 - 30
= $17
Cost of goods = $30
Ending inventory = 99 - 30
= $69
B. LIFO
gross profit = revenue - cost
= 47 - 36
= $11
Cost of goods = $36
Ending inventory = total cost - cost of goods sold
= 99 - 36
= $63
C. Average
Gross profit = revenue - cost
= 47 - 33
= $14
Cost of goods = $33
Ending inventory = 99 - 33
= $66
Answer:
The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.
In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).
MRP = output units per additional unit of labor x price per unit = U x $9
MC = $700
U x $9 = $700
U = $700 / $9 = 77.78, so we round up to 78 units
In order to maximize profit, each additional unit of labor must generate 78 additional units of output.