Answer:
$2,180,000
Explanation:
For computing the production cost first we have to find out the number of units produced which is shown below:
= Sales units + ending inventory units - beginning inventory units
= 70,000 units + 30,000 units - 40,000 units
= 60,000 units
Now the total budgeted production cost is
= (Direct material per unit + direct labor per unit + variable overhead per unit) × number of units produced + fixed factory overhead cost
= ($10 + $20 + $5) × 60,000 units + $80,000
= $2,180,000
We simply applied the above formula
Answer:
1. 17%
2. 42.5%
3. $2,748,900
4. 44%
Explanation:
1. Return on Investment for 2017
= 
= 
= 17%
2. Profit Margin 2017
= 
= 
= 42.50%
3. Should the sales increase by 10% in 2018 then the new sales figure will be;
= $5,880,000 + ($5,880,000 *10%)
= $6,468,000
Profit = Sales * Profit Margin
= 6,468,000 * 42.5%
= $2,748,900
Return on Investment for 2018
=
= 
= 18.7%
4. Investment turnover equal for 2018
= 
= 
= 44%
Answer:
True
Explanation:
This statement is true because it is in consonance or agreement with the law of supply which states that<em> </em><em>the quantity of a product produced and supplied of a commodity moves in the direction of the price of such commodity, assuming all other factors determining supply remain the same or constant (i.e. ceteris paribus). </em>On the other hand, the quantity of a product produced and offered for sale will reduce as the price of the product falls.
ANSWER – D (put the money in a savings account regardless of
the interest, because any positive rate will reduce the negative impact of
inflation on the accumulated savings)
It is established that any positive rate (interest) on accumulated
savings, no matter how little it is, reduces the negative impact of inflation. This
means that even the minutest interest paid by a bank, though it may not
alleviate the negative impact of inflation, is still better than nothing.
<span>Carl Jung's view of the extroverted and introverted types serves as the basis of the Myers-Briggs Type Indicator. This is a personality questionnaire that gives a type to a person based on social, organizational, thinking patterns, and other personality indicators.</span>
