Answer:
The answer is 32.69$.
Explanation:
The Sale price of sweater was $28.93, to add 13% HST we need to multiply 28.93 by 13 % & add 28.93 to it.
Answer:
Total assets $
Building 102,100
Motor vehicle 19,907
Furniture <u>10.442</u>
Total assets <u>132,449</u>
<u></u>
Total liabilities $
Mortgage loan 58,347
Outstanding loan 2,567
Utility bills unpaid <u>242</u>
Total liabilities <u> 61,156</u>
Debt ratio = Total liabilities x 100
Total assets
Debt ratio = $61,156 x 100
$132,449
Debt ratio = 46.17%
Explanation:
In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.
We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.
Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.
Answer:
D) i and iii
Explanation:
Implicit cost refers to economic costs that are not directly attributed to the business but are nevertheless important in making informed decisions. In this case the opportunity costs are implicit cost. They are:
- Salary forgone which should have been earned at another job, and
- Interest lost from savings account.
Answer:
The <u>FIRST STEP</u> of the procure-to-pay cycle is ordering;
Explanation:
The procure to pay cycle is the set of activities required to follow through a buying process in a company, it includes identifying the need, looking for and assigning a vendor, approving the vendor's specifications, receiving the supplies and finally paying the money owed to the vendor. This process consists of five steps:
- ordering
- follow up and expediting
- receipt and inspection
- settlement and payment
- records maintenance
Answer:
c) 108,000 dollars
Explanation:
Buy option:
Purchase: 40,000 motors at 25.15 = 1,006,000
unavoidable fixed cost: 40,000 x 4.60 = 184,000
1,190,000.00
Produce option:
Manufacturing Cost (9.9 + 8.9 + 3.65) x 40,000 = 898,000.00
Fixed cost: 184,000.00
Total Cost 1,082,000.00
Differential: 1,190,000 - 1,082,000.00 = 108,000.00
It is advantageous to continue the production as the unavoidable cost will make the buy option a worse deal
