Answer:
$26,500 decrease
Explanation:
The total increase or decrease in net income by replacing the current machine with the new machine = Saving in variable manufacturing costs + Sale value of old machine - Purchase price of new machine
= ($19,900*4) + $22,900 - $129,000
= $79,600 + $22,900 - $129,000
= $26,500 decrease
Answer:
Explanation:
Bank reconciliation
Chesner Co.
July 31,2016
Cash balance according to bank statement $20,300
Adjustments:
Add:Deposit in transit on July 31 7200
Less:Outstanding checks -3585
Adjusted balance as per bank $23,915
Cash balance according to company’s records 11,100
Adjustments:
Add:Note for $12,000 collected by bank, including interest 12,480
Less:Bank service Charges -25
Add:Error in recording Check No. 1056 as $950 instead of $590 360
Adjusted balance as per Books 23,915
B. $23,915 should be reported to cash
Answer:
stimulate
expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer
Answer:
Selling price= $150
Explanation:
Giving the following information:
The expected sales are 2,500 units. Production informs you that the variable costs are $50/unit. Fixed costs are $150,000.
We need to use the break-even point formula and isolate the selling price:
Break-even point= fixed costs/ contribution margin
Break-even point= fixed costs/ (selling price - unitary variable costs)
2,500= 150,000 / (X - 50)
2,500X - 125,000= 150,000
2,500X= 375,000
Selling price= $150
You tell her that all of the following are true, EXCEPT "the access time of memory is slow compared with that of storage devices".
<u>Explanation:</u>
A computing hardware utilized to indefinitely or temporarily store data, this device may be outer or inner to a computer, server, and other computing systems, hence common as a storage device. The memory is generally read-write random-access memory provided by semiconductors, typically Dynamic RAM or other types of fast yet temporary storage in the contemporary usage. While storage comprises of storage devices and their media that are not directly available via the processor (secondary or tertiary storage), usually hard disk drives, optical disk drives, and other devices that are slower than RAM but non-volatile.
