Answer:
False
Explanation:
Inflation can dry up funds for investment because savings may decrease due to the fact that when the savings money is repaid it can be worth much less than when it was lent and that the real rate of interest may be low.
Based on the information given, Legume Division's net operating income last year will be $29580.
Firstly,we will calculate the turnover which will be:
= Sales / Operating costs
= $870000 / 2
= $435000
The return on investment will be:
= Net operating income / Operating assets
Therefore, the net operating income will be:
= $435000 × 6.8%
= $29580
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Answer:
C. Most of the tax will be paid by consumers.
Explanation:
Whenever the taxes are imposed in the form of extra charge added to the cost of producing any product, then that tax is added to the cost of such product.
Accordingly the producers, do not pay such amount from their pockets, as they recover such amount from the consumers ultimately then adding them to the cost.
Accordingly the consumers are the ultimate people who bear such increase or addition of taxes to the products.
Answer:
The contribution margin under the expected case scenario is $8
Explanation:
In this question, we are asked to calculate the contribution margin under the expected case scenario.
Mathematically the contribution margin can be calculated using the formula below;
Contribution margin:
= Sale price per unit-Variable cost per unit
From the question, we can identify that the sale price per unit is $19 while the variable cost per unit is $11. We plug these values into the equation to yield;
Contribution margin = $19 - $11 = $8
Answer:
1,417,000
Explanation:
$123000 of the December 31 receivables is to be subtracted from $1540000 of the related allowance for uncollectible accounts
= $1540000 - $123000
= $1,417,000.
The accounts receivable amount expected to be collected after adjustment is $1,417,000
