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Ilia_Sergeevich [38]
3 years ago
10

Oakleaf Manufacturing incurs costs of $75 ($67 variable and $8 fixed) to make a product that normally sells for $120. A customer

offers to buy 4,200 units at $70 each. Assuming Oakleaf has adequate manufacturing capacity, it should
A: accept the offer because it will produce net income of $12,600.
B: accept the offer because it will produce net income of $21,000.
C: reject the offer because it will result in a net loss of $12,600.
D: reject the offer because it will result in a net loss of $21,000.
Business
1 answer:
aleksandr82 [10.1K]3 years ago
7 0

Answer:D. reject the offer because it will produce a net loss $21,000

Explanation:

Net income or loss is the total of firm's income less it's total cost( fixed and variable) . The contract will result in a loss $5 per unit which multiply by the total units of 4200 gives $21,000

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Pls help me and thanks I’m super stuck
Snezhnost [94]

Answer:

Explanation:

750% is 7.5 times the amount of the principle -- in this case 100 dollars.

If you need a formula, it is Amount = 750/100 * Principle

The answer should be 750 dollars. Any less than 100 is absurd, so both 7.50 and 75 make no sense.

3 0
2 years ago
Read 2 more answers
On January 1, 2021, for $18.9 million, Cenotaph Company purchased 10% bonds, dated January 1, 2021, with a face amount of $20.9
Dmitrij [34]

Answer:

1. Dr Interest expense $1,134million

Cr Discount on bonds payable $89,000

Cr Cash $1,045million

2. December 31,2021

Dr Interest expense $1,141,200

Cr Discount on bonds payable 96,200

Cr Cash $1,045,000

Explanation:

1. Preparation of the journal entry to record interest on June 30, 2021, using the effective interest method.

June 30,2021

Dr Interest expense $1,134million

[$18.9 million x 12%.x 6/12]

Cr Discount on bonds payable $89,000

($1,134million-$1,045million)

Cash [$20.9 million x 10% x 6/12] $1,045million

[To record semi-annual interest payment]

2. Prepareion the journal entry to record interest on December 31, 2021, using the effective interest method.

Date Account title and Explanation Debit Credit

December 31,2021 Interest expense [($18.9 million + $120,000) x 12% x 6/12] $1,141,200

Discount on bonds payable 96,200

$1,141,200-$1,045,000

Cash [$20.9 million x 10% x 6/12] $1,045,000

[To record semi-annual interest payment]

6 0
3 years ago
Read 2 more answers
Your team consists of three people who are collaborating on a short quarterly report. You are putting the final touches on your
Vsevolod [243]

Since each member needs to review the document one more time, then, the best collaboration tools for this will be E-mail.

<h3>What is an E-mail?</h3>

E-mail is basically a online-based application that facilitate an exchange of messages between one or more users

In conclusion, because all member needs to review the document one more time, then, the best collaboration tools for this will be E-mail.

Read more about E-mail

<em>brainly.com/question/2234629</em>

5 0
2 years ago
Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento
Artist 52 [7]

Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

7 0
2 years ago
The term ___________________ describes the proportion of deposits that the bankmust hold in the form of reserves that are not lo
antoniya [11.8K]

Answer:

reserve ratio

Explanation:

3 0
3 years ago
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