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nasty-shy [4]
3 years ago
7

Samson, Inc. reported the following information for the​ year: Service Revenue $ 40 comma 000 Operating Expenses 24 comma 000 Ne

t Income 16 comma 000 Number of Services Provided for the Year 10 comma 500 How much was the unit cost per​ service? (Round your answer to the nearest​ cent.)
Business
1 answer:
agasfer [191]3 years ago
6 0

Answer:

$2.29

Explanation:

The units cost per service is the ratio of the total operating expense to the total number of services provided during the year. Given that the Operating Expenses 24 comma 000 and the  Number of Services Provided for the Year 10 comma 500,

the unit cost per​ service

= $24,000/10,500

= $2.285714286

To the nearest cents

= $2.29

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3. Which one of the following statements is correct concerning the NYSE? a.) The publicly traded shares of a NYSE-listed firm mu
Gwar [14]

Answer:

c.) The listing requirements for the NYSE are more stringent than those of NASDAQ.  

Explanation:

The correct statement is c. NASDAQ and NYSE both is American stock exchange where share are traded. NYSE is world’s largest stock exchange in terms of market capitalization of listed companies and NASDAQ is second largest stock exchange. The listing requirements for NYSE are stringent and tough. A firm should have atleast $40 million market value of public shares to be listed on NYSE.

7 0
3 years ago
Read 2 more answers
Prior to recording adjusting entries, the Office Supplies account had a $379 debit balance. A physical count of the supplies sho
White raven [17]

Answer:

Debit Supplies expenses for $275

Office supplies for $275

Explanation:

Before the adjusting entry, the following adjustment has to be made first:

Ending balance of supplies that has not been adjusted = $379

Physical ending balance = $104

Amount of used supplies during the period = $379 - $104 = $275

This $275 will be recorded as supplies expense. Therefore, the adjusting entry will be as follows:

<u>Particulars                                      Dr ($)                Cr ($)  </u>

Supplies expenses                        275

Office supplies                                                         275

<em><u>(To record the supplies expense for the period.)              </u></em>

The above entries will then reduce enduing balance of supplies from $379 to $104.

6 0
3 years ago
when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with
Debora [2.8K]

when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with them from starwood. what they did was simply good business and presented no ethical problems.

This problem is a False Statement.

What is ethical problems?

An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.

Therefore,

This problem is a False Statement.

To learn more about ethical problems from the given statement:

brainly.com/question/17426643

5 0
2 years ago
Write the importance of professional education.​
My name is Ann [436]

Explanation:

The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive. ... Getting a professional education is important for shaping your career to move towards a right direction.

5 0
3 years ago
ompute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following informati
Salsk061 [2.6K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

1. We weren't provided with enough information to calculate the plantwide predetermined overhead rate. <u>But, I can provide the information required as an example and the formulas necessary.</u>

Estimated overhead= 1,200,000

Estimated machine-hours= 350,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000/350,000

Predetermined manufacturing overhead rate= $3.43 per machine hours.

2. Job 400:

Direct materials $320

Direct labor cost $240

Machine-hours used 36

Total manufacturing cost= 320 + 240 + 36*3.43

Total manufacturing cost= $683.48

3. Job 400= 50 units

Unitary cost= 683.48/50= $13.67

4. Moody uses a markup percentage of 120% of its total manufacturing cost

Selling price per unit= 13.67*1.2= $16.404

4 0
3 years ago
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