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3 years ago

Which of the following is perhaps the main advantage associated with the use of advertising?

Business

1 answer:

BaLLatris [955]3 years ago

4 0

Answer:

C) It is an extremely cost efficient way to reach a large number of people.

Explanation:

Advertising refers to a marketing strategy in which the company able to promote its goods and services in a various ways like in television, social media, print media, etc so that it could create awareness among the people

According to the given options, the option C is correct as it derives the actual meaning and motive of advertising that it is cost efficient plus it also reaches to a large number of people.

hence, the correct option is c.

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Current information for the Healey Company follows:Beginning raw materials inventory $15,200 Raw material purchases 60,000Ending

suter [353]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning raw materials inventory $15,200

Raw material purchases 60,000

Ending raw materials inventory 16,600

Total direct material used during the period= (15,200 + 60,000 - 16,600)= $58,600

Beginning work in process inventory 22,400

Ending work in process inventory 28,000

Direct labor 42,800

Total factory overhead 30,000

To calculate the cost of goods manufactured we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 22,400 + 58,600 + 42,800 + 30,000 - 28,000= $125,800

3 0

4 years ago

Which of the following is a manufacturing overhead cost? A. labor cost of plant workers that can be traced accurately and easily

sweet-ann [11.9K]

Answer:

The correct answer is letter "B": to a particular product overtime premiums paid.

Explanation:

Overhead costs is an accounting term used for expenses that have to be paid, even if the business does not earn any revenue. The business would not be able to operate without paying its overhead expenses even if the expenses do not directly relate to the product or service being produced.

Examples of overhead costs are rent, utilities, office supplies, repairs and maintenance, insurance, taxes, or the salaries of human resources and accounting personnel. Overtime premiums paid to plant workers fall into this category as well.

7 0

3 years ago

Required information

GenaCL600 [577]

Answer:

Date Account Title Debit Credit

June 30 Cash $150

Interest revenue $150

Explanation:

Interest earned is considered to be revenue so it will be credited to the interest revenue account.

Cash will be debited because the interest revenue increased it and assets are debited when they increase.

8 0

3 years ago

The following data relate to the operations of Slick Software, Inc., during 2018. Continuing operations:

Maurinko [17]

Answer:

A. $5.70

B. $7,625,000

C. $2.25

D. UNFAVORABLE amount of $4.25

Explanation:

a.Preparation of a condensed income statement for 2018,

SLICK SOFTWARE, INC.Condensed Income StatementFor the Year Ended December 31, 2018

Net sales $19,850,000

Costs and expenses $16,900,000

Income from continuing operations$2,950,000

Discontinued operations:

Operating income $140,000

Loss on disposal (net of income tax benefit)(550,000)

Income before extraordinary item $2,540,000 Extraordinary loss (net of income tax benefit)(900,000)

(550,000+350,000)

Net income$1,640,000

($2,540,000-900,000)

Earnings per share:

Earnings from continuing operations$12.25

[($2,950,000 - $500,000) ÷200,000]

Loss from discontinued operations (2.05)

($410,000 ÷ 200,000 shares)

Earnings before extraordinary items $10.20

[($2,540,000 - $500,000 preferred dividends) ÷ 200,000]

Extraordinary loss (4.50)

($900,000 ÷200,000 shares)

Net earnings $5.70

[($1,640,000 - $500,000 preferred dividends)÷200,000 shares]

Calculation for Preferred dividends:

Preferred dividends: 80,000 shares x $6.25 =$500,000

b.Preparation of a statement of retained earnings for the year ended December 31, 2018

SLICK SOFTWARE, INC.Statement of Retained Earnings For the Year Ended December 31, 2018

Retained earnings, December 31 2017 $7,285,000

Less: prior period adjustment350,000

Restated$6,935,000

Net income1,640,000

Subtotal$8,575,000

($6,935,000+1,640,000)

Cash dividends(950,000)

Retained earnings, December 31, 2017 $7,625,000

($8,575,000-$7,625,000)

c.Computation for the amount of cash dividend per share of common stock

Total cash dividends declared during 2018 $950,000

Less: Preferred stock dividend 500,000

(80,000 shares x $6.25 per share)

Cash dividends to common stockholders $450,000

Number of common shares outstanding 200,000

Cash dividend per common share $2.25

($450,000 ÷ 200,000 shares)

D. The amount of $8.00 earnings per share figure in 2019 will have unfavorable figure when compared with the year 2018 reason been that

the year 2019 has one Earnings Per Share amount which is why we should compared it to the earnings per share from continuing operations in year 2018, which gave us the amount of $12.25 per share[($2,950,000 - $500,000) ÷200,000] which inturn makes Slick Software, Inc.’s earnings per share from continuing operations to reduce to the amount of $4.25 per share ($12.25-$8.00) from the year 2018 to 2019

4 0

4 years ago

A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto

Anvisha [2.4K]

Answer:

Any value given up from not choosing the other options is the opportunity cost

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.

It represent the benefits that you misses out on when choosing one alternative over another.

In this case, the cost of opportunity is to plant crops.

8 0

3 years ago