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Kobotan [32]
3 years ago
8

Kluber, Inc. had net income of $900,000 based on variable costing. Beginning and ending inventories were 55,000 units and 52,000

units, respectively. Assume the fixed overhead per unit was $1.25 for both the beginning and ending inventory. What is net income under absorption costing
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
6 0

Answer:

$896,250

Explanation:

Net income under absorption costing= net income under variable costing-( beginning inventory- ending inventory) X fixed overhead 1.25%

= 900,000-[( 55,000-52,000)*1.25]

= 900,000- 3750

=$896,250

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Martha, the chief designer of StyleSmartz, is considered a role model by her design team members for her role as an effective le
Lerok [7]

Answer:

engage in management openness by encouraging members to voice their opinion.

Explanation:

An important characteristic of management is approachability and openness of the manager to ideas of employees. This gives the manager an idea of the actual state of the workplace facilitating effective resolution of issues as they arise.

When employees know they can freely express themselves without being reprimanded, they better express themselves about challenges encountered.

Also opportunities and methods of doing things better is communicated to the manager

8 0
3 years ago
Billie transferred her 20 percent interest to Jean Company as part of a complete liquidation of the company. In the exchange, sh
7nadin3 [17]

Answer:

A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie

Explanation:

The computation is shown below:

For loss recognized, the amount would be

= Land basis - fair value of land

= $400,000 - $200,000

= $200,000

And, the basis in the land should be equal to the fair value of the land i.e $200,000

Hence, the correct option is A

By dividing the fair value from the land basis we can get the loss recognized

3 0
3 years ago
AHHHHHHHHHHH IDK WHAQT TO DO I HAVE FOUR DAYS TO COMPLETE 12 ASSIGNMENTS AND FIVE MIDTERMS I AM BEYOND STRESS SOMEONE SHOOT ME N
ikadub [295]
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8 0
3 years ago
Assume a purely competitive firm is selling 200 units of output at $3 each. At this output, its total fixed cost is $100 and its
raketka [301]

The correct option is:<u> maximizing its </u><u>profit</u><u>, but not necessarily the </u><u>maximum profit</u><u>.</u>

<h3>What is Profit Maximization in a Perfectly Competitive Market ?</h3>

The perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price.

When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

A perfectly competitive firm has only one major decision to make—namely, what quantity to produce. To understand why this is so, consider the basic definition of profit:

Profit=Total revenue−Total cost

(Price) (Quantity produced)−(Average cost) (Quantity produced)

According the question scenario,

<u>Given:</u>

Firm is selling  = 200 units

output = $3 each

fixed cost = $100

variable cost = $350

<u>solution:</u>

Total average cost = variable cost + fixed cost .........(1)

Total average cost  = 350 + 100

Total average cost  = $450

Cost per unit = average cost ÷ no of unit ...................(2)

Cost per unit = 450  ÷  200

Cost per unit = $2.25

So here firm is incurring per units is $2.25 but here earning per unit is $3.

So that here firm is earning economic profit as here market price is greater than earning maximum profit.

Therefore, we can conclude that the correct option is : <u>maximizing its profit, but not necessarily the </u><u>maximum profit. </u>

Learn more about Profit Maximization on:

brainly.com/question/13464288

#SPJ4

8 0
2 years ago
"If Lazer Co. desires to lock in the maximum it would have to pay for its net payables in euros but wants to be able to capitali
Crazy boy [7]

Answer:

D) purchasing euro call options.

Explanation:

If Lazer purchased euro call options it would be basically buying the right to purchase euros at a specified currency exchange rate. This way Lazer would know what is the maximum amount it will have to pay for the euros it needs to cover its debts. The call option give the buyer the right to purchase the euros but not the obligation, so if the euro depreciates, then Lazer can simply decide to not use the call option.

5 0
3 years ago
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