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3 years ago

Crane Company had the following account balances:

Business

1 answer:

aivan3 [116]3 years ago

4 0

Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

Total revenue = Net sale + Dividend revenue + Rent revenue

Where, Net sales = Sales revenue - Sales return

= $445,000 - $34,000 = $411,000

By putting the value in the formula, we get

Total revenue = $411,000 + $10,500 + $58,000

= $479,500

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Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on

wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

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3 years ago

Which of the following statements regarding Federal Reserve independence is incorrect?

hichkok12 [17]

Answer:

The correct answer is option D

D. The 14-year non-renewable terms for governors effectively insulate the Board of Governors from political pressure

Explanation: Option D is incorrect regarding federal reserve independence.

8 0

3 years ago

The following costs were incurred in May: Direct materials $ 44,800 Direct labor $ 29,000 Manufacturing overhead $ 29,300 Sellin

trapecia [35]

Answer:

Conversion cost= $58,300

Explanation:

Giving the following information:

Direct labor $ 29,000

Manufacturing overhead $ 29,300

<u>The conversion costs are the sum of the direct labor and manufacturing overhead:</u>

Conversion cost= direct labor + Manufacturing overhead

Conversion cost= 29,000 + 29,300

Conversion cost= $58,300

5 0

2 years ago

JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr

nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

= $1,950,000 - ($200,000 + $1,200,000)

= $1,950,000 - $1,400,000

= $550,000

Revenue = Number of frozen dinners × Selling Price

= 150,000 × $13

= $1,950,000

Variable Cost = Number of frozen dinners × Cost per frozen dinner

= 150,000 × $8

= $1,200,000

6 0

3 years ago

Concord Corporation uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receiv

brilliants [131]

Explanation:

The journal entries are shown below:

a. Bad debt expense A/c Dr $13,931

To Allowance for doubtful debts $13,931

(Being bad debt expense is recorded)

It is computed below:

= $421,300 × 4% - $2,921

= $13,931

b. a. Bad debt expense A/c Dr $17,722

To Allowance for doubtful debts $17,722

(Being bad debt expense is recorded)

It is computed below:

= $421,300 × 4% + $870

= $17,722

5 0

3 years ago