School rules and government rules are very similar, some similarity are no steeling and drugs and an average high school with no rules would be chaotic.
The answer is wear-and-tear theorists. Wear and tear speculations of natural maturing suggest that maturing in people and different creatures is just the aftereffect of widespread deteriorative procedures that work in any sorted out framework.
Answer:
a. Overstates Year 1 cost of goods sold.
b. Understates Year 1 net income
c. Understates Year 2 cost of goods sold
Explanation:
a. The formula for Calculating the Cost of Goods sold is;
<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>
If the closing inventory is understated, it will reduced the amount being subtracted from Purchases and Opening inventory which would means that Cost of Goods sold will be overstated.
b. The Cost of goods sold is deducted from sales to give Gross profit. If Cost of goods is overstated, it will reduce Gross Profit higher than it should. A lower Gross Profit equates to a lower Net Income.
c. Going by the formula in <em>a;</em>
<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>
In Year 2, the understated Year 1 closing stock will become the understated Year 2 Opening stock. With the opening stock understated, the Cost of goods will be understated as well because Opening stock is meant to increase Cost of goods sold as the formula shows. If it is understated, the amount that it will add will be understated as well.
Answer:
12,497 units
Explanation:
Break even unit = Fixed Cost ÷ Contribution per unit
= $400,000 ÷ $97.00 x 33%
= 12,497 units
Sheryls's business need to sell 12,497 units to break even
Answer:
$0.215
Explanation:
The computation of the cost per item in Group 1 is shown below:-
Candy amount paid = $3,100
Item received = 7,100
For Group 1
Sale value = Group 1 units × Selling price
= 2,110 × $0.15
= $316.5
For Group 2
Sale value = Group 2 units × Selling price
= 4,720 × $0.35
= $1,652
For Group 3
Sale value = Group 3 units × Selling price
= 270 × $0.71
= $191.7
= Total sale value = $316.5 + $1,652 + $191.7
= $2,160.2
So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2
= 14.65%
Now, the proportion of cost for Group 1
= $3,100 × 14.65%
= 454.15
Cost per unit = Proportion cost ÷ Group 1 units
= $454.15 ÷ 2,110
= $0.215
