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3 years ago

Selling price per unit is $68

Business

1 answer:

kari74 [83]3 years ago

4 0

Answer:

Income statement

Sales Revenue $ 612,000

Variable Overhead cost $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

Explanation:

Income statement

Sales Revenue ( 9,000 units * $ 68) $ 612,000

Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

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Citrus2011 [14]

Answer:

Option (B) If the market rate of interest is 10%, the bonds will issue at a discount

Explanation:

Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.

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3 years ago

¿sí se vende mercancía en que tipo de cuenta debe registrar el IVA de dicha compra?

poizon [28]

Answer:

the answer is cost of buying or cost of production

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Explanation:

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3 years ago

Net sales is found by

dmitriy555 [2]

Is there a list of answers to choose from like A B C D? I would assume it would be something like the total amount gained after all expenses are taken into account. Example: After cost of the item that the store purchased it at, labor, electricity, etc. At least that's how we figured it out when I used to work fast food. Hope this helps.

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3 years ago

On May 3, 2020, Sweet Company consigned 70 freezers, costing $450 each, to Remmers Company. The cost of shipping the freezers am

Minchanka [31]

Answer:

A. $16,195

B. $7,621

C. $23,816

Explanation:

a. Computation for the inventory value of the units unsold in the hands of the consignee.

Inventory value of the units unsold

First step is to calculate the Total inventory value

Inventory cost $31,500

(70 * $450)

Add Freight $890

Total inventory value $32,390

($31,500+$890)

Now let calculate the Inventory value of the units unsold

Inventory value of units unsold =($32,390 / 2)

Inventory value of units unsold =$16,195

Therefore the inventory value of the units unsold in the hands of the consignee is $16,195

b. Computation for the profit for the consignor for the units sold

Sales $25,900

(35 * $740)

Less Cost of unit sold ($16,195)

($32,390 / 2)

Less Commission ($1,554)

($25,900 * 6%)

Less Advertising ($200)

Less Installation cost ($330)

Profit for the consignor $7,621

Therefore the profit for the consignor for the units sold will be $7,621

c. Computation for the amount of cash that will be remitted by the consignee.

Sales $25,900

Less Commission ($1,554)

($25,900 * 6%)

Less Advertising ($200)

Less Installation cost ($330)

Cash remitted $23,816

Therefore the amount of cash that will be remitted by the consignee is $23,816

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2 years ago

Changes in inventories are included as part of investment spending because multiple choice 1 anything produced by a business tha

Nataly_w [17]

Answer:

A)Changes in inventories are included as part of investment spending because anything produced by a business that has Anything produced by a business that has not been sold during the accounting period is something in which the business has invested

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Explanation:

A) All inventories that Businesses could have is expected to be utilized by the business. Example of this is that Iron sheet that a business could use in making new Factory building or a pack of toiletries in the shelf in supermarket are both asset as regards to the business and they are things that are been invested by the business.

B)Declination in inventories symbolize that produced goods in previous years has been used up in production of current year. In the case that that the stated $1 billion is not deducted, then there would be need to count the produced goods that was produced in previous year as been produced in 2022

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2 years ago