Answer:
Calculate the contribution margin per pound for each of the three products.
- K1 = $17.80 per lb
- S5 = $8.70 per lb
- G9 = $10.50 per lb
Orders for which product should be produced and filled first, then second, and then third?
- K1 orders should be placed first, G9 orders should be placed second and S5 orders should be placed last.
Explanation:
52,900 pounds of material are available
- K1 uses 5 pounds of the material
- S5 uses 2.7 pounds of the material
- G9 uses 5.3 pounds of the material
contribution margin per unit:
- K1 = sales price - variable costs = $172 - $89 = $89
- S5 = $100.49 - $77 = $23.49
- G9 = $189.65 - $134 = $55.65
contribution margin per pound of material:
- K1 = $89 / 5 lbs = $17.80 per lb
- S5 = $23.49 / 2.7 lbs = $8.70 per lb
- G9 = $55.65 / 5.3 lbs = $10.50 per lb
Answer:
It is more likely to be the balance sheet of a property and casualty insurance company.
Explanation:
Answer:
$6,000
Explanation:
Since this sale and the exercise of the options didn't occur in the same year, we must make an adjustment for AMT.
In calculating alternative minimum taxable income (AMT), a taxpayer must add or subtract amounts from regular taxable income due to the different treatment of certain tax items for AMT.
In the year 2019:
market price of the stock = $250
Liza acquired it at = $190,
Therefore,
Gain = (Acquired price - market price of the stock) × no. of shares
= ($250 - $190) × 100
= $60 × 100 shares
= $6,000
Liza needs to report this as income under AMT adjustments in 2019. This will be reported in for 6,251.
<span>due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. - PRICE CEILING ; BINDING
</span><span>the government has instituted a legal minimum price of $2.70 per gallon for gasoline. - PRICE FLOOR ; BINDING
</span><span>the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. - PRICE CEILING ; BINDING</span>
Answer:
e. Company Heidee has a higher ROE than Company Leaudy.
Explanation:
Return on equity measures how well the management of a business uses owner's equity to get returns. It is calculated by dividing net income by owner's equity.
That is
ROE= Net Income ÷ Owner's equity
Considering the accounting equation
Asset= Liability + Owner equity
Owner equity= Asset - Liability
From the equation when a company that take on more debt owner's equity will reduce.
The effect of reduction in owner's equity on Return on Equity is that it will increase the ratio, since owner's equity is the denominator.
In this scenario both companies have the same profit margin so if company Heidee has higher debt ratio it follows that it also has a higher ROE than Company Leaudy
