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3 years ago

Rice is the world's third-largest crop behind _____.

Business

2 answers:

yulyashka [42]3 years ago

7 0

It is wheat and corn

erik [133]3 years ago

4 0

Rice is the world's third-largest crop behind _____.

<em>wheat and corn</em>

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Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30

NeX [460]

Answer:

1. 6,944 units and $833,333.33

2. $1,080,000 and 22.83%

Explanation:

The computations are shown below:

1. Break-even point in units

= (Fixed expenses ) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit × contribution margin ratio

= $250,000 ÷ $36

= 6,944 units

Break-even point in sales

= (Fixed expenses ) ÷ (Contribution margin ratio)

= $250,000 ÷ 30%

= $833,333.33

2. For margin of safety and margin of safety ratio:

Margin of safety = Expected sales - break even sales

where,

Expected sales = (Operating income + fixed expense) ÷ (contribution margin ratio)

= ($74,000 + $250,000)

= ($324,000) ÷ (30%)

= $1,080,000

So, the margin of safety would be

= $1,080,000 - $833,333.33

= $246,667

Margin of safety ratio = Margin of safety ÷ total sales

= $246,667 ÷ $1,080,000

= 22.83%

3 0

2 years ago

Marvin Services Corporation had the following accounts and balances: Accounts payable $ 6,000 Accounts receivable 8,000 Cash 7,0

patriot [66]

Answer:

The balance of the company's retained earnings account is $33,000

Explanation:

The computation of retained earning balance is shown below:

= Assets - Liabilities - shareholder equity

where,

Assets = Accounts receivable + Cash + equipment + prepaid insurance + supplies

= $8,000 + $7,000 + $44,000 + $4,000 + $2,000

= $65,000

Liabilities = Accounts payable + notes payable + unearned service revenue

= $6,000 + $8,000 + $3,000

= $17,000

And, the common stock is $15,000

Now put these values to the above formula

So, the answer would be equal to

= $65,000 - $17,000 - $15,000

= $33,000

3 0

3 years ago

A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

Pavlova-9 [17]

Answer:

(B) Debit Depreciation expense and Credit Property Plant and Equipment

Explanation:

the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.

As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.

The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.

8 0

2 years ago

1. Harley Davidson has its engine plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported

Serggg [28]

Answer:

Company should load 1,479.9 motorcycles on each truck.

Explanation:

Cost per trip = $1,000

Demand for motorcycles = 300 per day

Cost per engine = $500

Holding cost = 20% of $500

= $100

Assuming that company plant works for 365 days in a year,

Annual demand = 300 motorcycles × 365 days

= 109,500 motorcycles

$Economic\ order\ quantity\ for\ each\ truck=\sqrt{\frac{2DS}{H}}$

where,

D = Annual demand in units

S = Set up cost per order

H = Handling cost per order

$Economic\ order\ quantity\ for\ each\ truck=\sqrt{\frac{2\times109,500\times1,000}{100}}$

$=\sqrt{\frac{219,000,000}{100} }$

$\sqrt{2,190,000}$

= 1,479.9

Thus, the company should load 1,479.9 motorcycles on each truck.

5 0

2 years ago

The NOI is $1,000,000, the debt service is $800,000 of which $700,000 is interest, the depreciation expense is $250,000. What is

Alborosie

Answer:

$200,000

Explanation:

We can define before tax cash flow (BTCF) as the amount of money gotten by an investment after receiving all of the revenues and payment of all bills, but without removing any other noncash items or depreciation, and before any calculation of income tax consequences is been done.

To calculate the Before-tax cash flow if there are no capital improvement expenditures or reversion items this period, simply calculate it by doing this

= PBTCF – DS

= $1,000,000 - $800,000

= $2,00,000.

5 0

2 years ago