Answer:
$7,200
Explanation:
The calculation of income that should be presented in the income statement is shown below:-
Dividend Received = Given percentage × Paid dividend
= 12% × $60,000
= $7,200
Therefore for computing the income that should be presented in the income statement we simply applied the above formula.
Therefore the above is the answer
Answer:
1. 4,350 helmets
Explanation:
1. The computation of the number of helmets is shown below:
= (Total fixed cost + operating income) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $76 - $44
= $32
So, it would be
= ($49,600 + $89,600) ÷ ($32)
= ($139,200) ÷ ($32)
= 4,350 helmets
2. The contribution margin income statement is presented below:
Sales (4,350 × $76) $330,600
Less: Variable cost (4,350 × $44) ($191,400)
Contribution margin $139,200
Less: Total Fixed cost ($49,600)
Operating income $89,600
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What these countries can do in order to increase the amount of loanable funds is provide savings incentives.
This way, more people and companies will save their money, and thus there will be more loanable funds to be taken. These countries cannot simply print more money, as that would lead to inflation. Increasing interest rate will only deter people from borrowing money. And given that these two answers are incorrect, all of the above cannot be the correct answer either.
Answer:
$119,070
Explanation:
The computation of warranty expense for the month of November is shown below:-
Warranty expense for the month of November = Sold printers × Warranty percentage × Average cost
= 27,000 × 3% × $147
= $119,070
Therefore for computing the warranty expense for the month of November we simply applied the above formula.
