Answer:
Classification:
Groups Annual Dollar-Volume
A Above $30,000:
Item Annual Volume Unit Cost Total Cost
Item 8 900 $70 $63,000
B Above $3,000:
Item Annual Volume Unit Cost Total Cost
Item 2 1,000 $30 $30,000
Item 3 500 $60 $30,000
Item 5 1,500 $20 $30,000
Item 6 600 $50 $30,000
Item 10 700 $40 $28,000
C $3,000 and Below
Item Annual Volume Unit Cost Total Cost
Item 1 300 $10 $3,000
Item 4 100 $2 $200
Item 7 2,000 $1.50 $3,000
Item 9 1,200 $2.00 $2,400
Explanation:
a) Data and Calculations:
Item Annual Volume Unit Cost Total Cost
Number (Units) ($) ($)
Item 1 300 $10 $3,000
Item 2 1,000 $30 $30,000
Item 3 500 $60 $30,000
Item 4 100 $2 $200
Item 5 1,500 $20 $30,000
Item 6 600 $50 $30,000
Item 7 2,000 $1.50 $3,000
Item 8 900 $70 $63,000
Item 9 1,200 $2.00 $2,400
Item 10 700 $40 $28,000
<u>Solution and Explanation:</u>
Answer a The following formula will be used to calculate the return on the equity.
Return on equity = Net income divide by Average equity
The return on equity is equal to Thus, return on equity is equal to 44.82% Answer b Correct answer is the option: ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity)
Answer c Correct answer is the option: Companies repurchase their own stock if they feel it undervalued by the market.
Answer:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Option D is correct($78,000)
Explanation:
Journal Entries:
They help to keep track of transactions as debited and credited. It helps to manage accounts and shows all the details of transactions.
Since total of $78,000 raw materials were requisitioned from the storeroom for use production. So it is credited as Raw material n journal. Indirect material is $4,700 acts as manufacturing overhead in journal as debit and remaining will be work in process (($78,000-$4,700)) as debit.
Journal entries to record these events:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Part B:
Option D is correct($78,000)
The credits to the Raw Materials account for the month of November total is $78,000.
Answer:
Explanation:
The main opportunity that small businesses face (and the most compelling one) is the chance to be successful, make lots of profit and grow exponentially. If a small business has a great product, marketing, and strategy they can begin to become immensely profitable which leads to exponential growth. On the other hand, small businesses usually face competition as their biggest threat. When entering a new market there are bound to be a large number of competitors that can outprice your products and ultimately run you out of business if the small business does not have a proper strategy in place.
<span>B. It is the opportunity cost of the best alternative that was not done or that was abandoned. In economics, this means the cost of the investment and the value of that opportunity. It refers to the value discarded by the realization of the same and the non-investment.</span>