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Verizon [17]
3 years ago
11

A small manufacturer that makes clothespins and other household products buys new injection molding equipment for a cost of $500

,000. This will allow the manufacturer to make more clothespins in the same amount of time with an estimated increase in sales of 25%. If the manufacturer currently makes 75 tons of clothespins per year, which sell at $18,000 per ton, what will be the increase in revenue next year from the new equipment
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

$337,500

Explanation:

Data provided in the question

Cost of an equipment = $500,000

Increased in sales = 25%

Currently number of tons made per year = 75 tons

Selling price per ton = $18,000

Based on the above information, the increased in revenue next year is

= Increased in sales × Currently number of tons made per year × Selling price per ton

= 25% × 75 tons × $18,000

= $337,500

By applying the above formula we can get the increased in revenue amount

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a student organization that contributes to the preparation of a world-class workforce through the advancement of leadership, citizenship, academic, and technological skills for students at the Secondary and the Post-Secondary level.

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3 years ago
Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:
sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

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d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

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The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

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Answer:

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