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pav-90 [236]
3 years ago
7

On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period.

Business
1 answer:
Delvig [45]3 years ago
8 0

Answer:

Perry's earnings will be increased by $21,000 due to this lease.

Explanation:

Increase in earning is the difference of price of the lease and the cost incurred for the lease of asset.

Fair value$155,000

Cost = $134,000

Profit on sale = $155,000 - $134,000

Profit on sale = $21,000

As equipment was leased on December 31 So, no interest is earned in year 2018. $21,000 will be added to the earnings of Perry in 2018 due to this lease.

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Wind Productions uses flexible budgets. Items from the budget for March in which 3,000 units were produced and sold appear below
ladessa [460]

Answer:

$40,000

Explanation:

For computing the total variable cost, first we have to determine the variable cost per unit which is shown below:

= (Direct materials cost + Indirect materials - variable + Direct labor cost) ÷ (number of units produced and sold)

= ($18,000 + $2,000 + $10,000) ÷ (3,000 units)

= ($30,000) ÷ (3,000 units)

= $10 per unit

Now the total variable cost would be

= $4,000 units × $10 per unit

= $40,000

5 0
3 years ago
Which analogy best represents the relationship between jobs and careers?
Tasya [4]

Answer:

A career is like a "building block" and a job is like "castle or a tower"

8 0
3 years ago
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How to make six thousand dollars fast
yKpoI14uk [10]
Rob a bank or hack someone account
4 0
3 years ago
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Champagne of the​ South, Inc., a manufacturer of bottled sweet​ tea, had the following beginning and ending inventories for the
nekit [7.7K]

Answer:

total manufacturing cost added for the period 105,169

Cost of goods manufactured 106,064

Cost of goods sold 110,564

Explanation:

First, we need to know the amount of direct materials used in production.

beginning raw materials 10,000

purchase                         27,000

ending                               (1,702)

indirect materials          <u>    (2,129)  </u>

direct materials                33,169

now, we calculate the cost added during the period

direct materials    33,169

direct labors         30,000

overhead              42,000

total cost added 105,169

next step, we calculate the cost of goods manufactured from the WIP

WIP                     17,895

added               105,169

WIP ending    <u>   (17,000)  </u>

COGM             106,064

And last, the cost of goods sold

beginning finished goods  21,000

COGM                                106,064

ending finished goods    <u>  (16,500)  </u>

          COGS                      110,564

6 0
3 years ago
Consider the markets for head sets, smart phones, cellular telephone service, and cell phone applications. Assume the market for
Alex73 [517]

Answer:

a) Head sets - perfect competition

b) Smart phones - monopolistic competition

c) Cellular telephone service - oligopoly

d) Cell phone applications - monopolistic competition

Explanation:

The following definitions explain the categorisation of competition:

- Perfect competition is when many firms sell similar products, no firm or buyer has control of market price. The barriers to entry are low. This is characterised by headsets

- The market for smart phones is monopolistic competition because advertisement is used to create product differentiation with the aim of gaining better market control

- Oligopoly is characterised by few firms controlling the market and keeping each other from dominating the market. This is they type of competition for cellular telephone service.

- Monopolistic competition is one where many firms produce dirlfferentiated products that are not substitutes. This is shown in market for cell phone applications

6 0
3 years ago
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