Answer:
d. $6.50
Explanation:
In this question, we apply the direct material price variance which is shown below:
Direct material price variance = Actual Quantity × (Standard Price - Actual Price)
$3,765 = 7,530 gallons × ($7 - actual price)
$3,765 ÷ 7,530 gallons = ($7 - actual price)
$0.5 = ($7 - actual price)
So, the actual price would be
= $7 - $0.5
= $6.50
All other information which is given is not relevant. Hence, ignored it
Answer:
In this context, the most suitable answer is Gross profit.
This is because gross profit calculates the revenue from the basic and main business operation and shows if the company's main business is able to make money.
When you look at the net profit, it takes into account various costs like tax, finance costs, administration, losses, etc. that might reflect costs that are difficult to be controlled by the company.
this however, does not mean u should not pay attention to the net profit too.
Explanation:
Answer:
Only those transactions that involve cash payments or cash receipts are recorded in the cash journal:
May 1, C. Li contributes cash tot he company
Dr Cash 12,000
Cr C. Li., capital 12,000
May 15, cash received from bank loan
Dr Cash 8,500
Cr Notes payable 8,500
May 18, collections from E. James
Dr Cash 1,250
Cr Accounts receivable 1,250
May 24, merchandise sold to B. Cox
Dr Cash 950
Cr Sales revenue 950
Dr Cost of goods sold 900
Cr Inventory 900
The May 7 and May 9 transactions should be recorded in the sales journal but not in the cash journal since they involve accounts receivables. COGS from May 24 transaction should also be recorded in the cash journal because the sales were on cash.
The enterprise value-to-EBIT (Ev/EBIT) multiple $225 million.
The EV/EBIT Multiple is the balance between enterprise value (EV) and earnings before interest and taxes (EBIT).
Considered one of the most repeatedly used multiples for comparisons among companies, the EV/EBIT multiple relies on working income as the core driver of valuation.
<h3>What is the enterprise value to EBIT EV EBIT multiple?</h3>
Enterprise Value to EBIT (EV/EBIT), also called EV Multiple is a ratio used to to value a company and deliver useful comparisons between similar companies. It is used in trading comparable research and uses the EBIT of a company as the driver of its value.
To learn more about EV/EBIT Multiple, refer
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