The profit that is gained by the company for selling a unit is equal to the difference between the revenue and total cost. In this item the revenue is given to be $45 and the profit is $10. To answer this item, we let x be the cost such that,
45 - c = 10
Simplifying,
c = 45 - 10
Further simplification will lead us to,
c = 35
Answer: $35.
Answer:
A) Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.
Explanation:
The loan application must include information regarding the real estate broker and must be signed by both the borrower and the broker.
Section 10241 (i) of the California Business and Professions Code, Article 7 requires:
<em>"A statement containing the name of the real estate broker negotiating the loan, his or her license number, and the address of his or her licensed place of business."</em>
Question: Name at least two risk banks face?
Answer: <u>There are many types of risks that banks face. Two of out of these eight risks, credit risk and market risk</u>
<em>Hope this helps!.</em>
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<em>~A.W~ZoomZoom44</em>
Answer:
Stephenson Company
The amounts that are relevant for the selection of one contract over another are:
a) Contract revenue and labor costs
Explanation:
a) Data and Calculations:
Contract X Contract Z
Contract Revenue $ 200,000 $ 260,000
Materials 10,000 10,000
Labor 88,000 120,000
Depreciation on Equipment 8,000 10,000
Cost Incurred for Consulting Advice 1,500 1,500
Allocated Portion of Overhead 5,000 3,000
b) The costs of materials and cost incurred for consulting advice, though variable, are equal in each contract. They are not relevant in determining the contract to choose. Contract revenue and labor costs are variable and not equal. They are relevant in determining the contract to select. They make a difference in the decision. Depreciation and overhead costs represent sunk costs. They are not relevant in the decision.
Answer:
$567 and $3,400
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
We know that
= (Acquired value of delivery truck - residual value) ÷ (service life)
= ($21,600 - $1,200) ÷ (6 years)
= ($20,400) ÷ (6 years)
= $3,400
Since the delivery truck is purchased on October 1 so, for the year 2018, the depreciation should be charged for only 2 months i.e
= $3,400 × ,400(2 months ÷ 12 months)
= $567
In this method, the depreciation expense is the same for all the service life i.e for the year 2019 it would be $3,400
