Answer:
$710,000
Explanation:
A flexible budget is a type of budget that changes in relative to the volume of output
<u>Workings</u>
Monthly Fixed manufacturing cost - $50,000
Variable cost /Ton - $12
Production in March -55000
Variable cost of production in March - $(12*55000) = $660,000
Total manufacturing cost = Fixed cost + Variable cost
$660,000 + $50,000= $710,000
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Answer:
D
Explanation:
Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.
Answer:
19.38
Explanation:
Baxter & Baxter
Market value share/ Percentage of profit margin ×(Total assets ×Total asset turnover)/Outstanding shares
Where:
Market value shares=28
Percentage of profit margin =71%
Total assets =710,000
Total asset turnover=1.29
Outstanding shares =45,000
Hence:
Price-earnings ratio =
$28/[0.071 ×($710,000 ×1.29)]/45,000
=19.38
Answer:
D : readily convertible and very close to their maturity dates.
Explanation:
Cash equivalents are current liquid assets and comprise cash in hand, cash at the bank, and short term investment whose maturity is in three months or less. A company's total value of cash and cash equivalents is recorded at the top line of the balance sheet as a current asset. They are the most liquid asset of a company.
For an asset to be classified as a cash equivalent, it must have the ability to convert to cash easily. Its value should be relatively stable and be determined with ease. Cash equivalents indicate the financial strengths of a business and its ability to offset the current liabilities.
Answer:
Increased $45,000
Explanation:
Calculation for what the assets of the business must have
Using this formula
Change in Assets = Change in Liabilities + Change in Owner's Equity
Where,
Change in Liabilities =$75,000
Change in Owner's Equity=$30,000
Let plug in the formula
Change in Assets = $75,000 + ($30,000)
Change in Assets= $45,000 Increased
Therefore what the assets of the business must have will be $45,000 Increased
