Answer:
(b) a loss of $750
Explanation:
Given;
Amount of spice mixture to be purchased = 1500 pounds
Price of spice mixture in 2014 = $5.00 per pound
Changed price of sugar mixture = $4.50 per pound
Now,
The amount to be received on the day of contract in 2014
= Amount of spice mixture to be purchased × Price of spice mixture in 2014
= 1500 × $5.00
= $7,500
and,
The amount to be received in 2015
= Amount of spice mixture to be purchased × Price of spice mixture in 2015
= 1500 × $4.50
= $6,750
The difference in Expected amount and the amount to be received
= $7500 - $6750
= $750
Since the amount to be received is less than the expected amount on the day of contract
Therefore,
a loss will be recognized
Hence,
the correct answer is option (b) a loss of $750
Answer:
The correct answer is: electronic marketplace.
Explanation:
An electronic marketplace gathers sellers and suppliers through the worldwide web who offer their products virtually to fasten the purchase process and reach a larger number of consumers. These characters have a well-structured business even if it is not physical. Their objective is to give consumers to shop online without the need of going to the store in person.
Answer: $3,150,000
Explanation:
Total cost of production will be the total sum of the material costs, labor costs and indirect costs.
Indirect Costs
It was estimated that 12,000 machine hours would be used at a cost of $60 million.
Indirect cost per machine hour is;
= 60,000,000/12,000
= $5,000 per hour
With 200 machine hours, indirect cost is;
= 200 * 5,000
= $1,000,000
Total cost of production = 1,250,000 + 900,000 + 1,000,000
= $3,150,000
Answer:
In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:
Monthly premiums
Annual deductible
Copayments or coinsurance
A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount
Explanation:
Answer:
A. $86,900
Explanation:
Henry’s capital account will be credited by the amount of $86,900. See computation below.
Cash $57,300
Equipment 34,100
Inventory 10,400
Note payable (14,900)
————
Total $86,900
*Both the equipment and the inventory will be recorded on partnership’s book at fair market value at the time of contribution.
*The partnership may absorb the obligation if it is associated with an asset contributed by partner. Thus, it will be deducted to his capital account as contribution to the partnership.
