Answer:
Debit to sales discounts for $100
Explanation:
Please see journal entry to record the sales below;
a. Dr accounts receivable $5,00
To sales revenue account $5,000
(Being merchandise that is sold on credit basis)
Suppose payment is made within 10 days, the journal entry will be;
Dr Cash account $4,900
Sales discount account $100
(5,000 × 2%)
To accounts receivable $5,000
(Being cash that is received)
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Answer: B) The option premium is greater or equal to its intrinsic value because of the time premium.
Explanation:
The option premium can be calculated by adding the time premium and the intrinsic value. The time premium is the part of the option premium that accounts for the time remaining till the premium matures while the intrinsic value is the difference between the value of underlying asset and the strike price.
As the time premium can be zero but never negative, the option premium can either be greater than its intrinsic value or equal to it. It cannot be lower than it because of the time premium.
Answer:
15 and 20 feet
Explanation:
The computation of the cost of the material minimized is shown below:
As we know that
Area of rectangle = Length × Width
where,
Length be X
Width be Y
So, the equation is
X × Y = 300 square feet
X = 300 ÷ Y
Now the another equation is
C = 10 × (Y + Y + X) + 5X
C = 20Y + 15X
So we can write
C = 20Y + 15 × 300 ÷ Y
C = 20Y + 4,500 ÷ Y
Now apply the derivatives
So,
DC ÷ DY = 20 - 4,500 ÷ Y^2 = 0
20Y^2 = 4,500
Y = 15
So X = 20
The C = Cost
Answer:
what managers think costs should be
Explanation:
Standard cost systems are based on what managers think costs should be as opposed to actually using the prices based on what they should be. The managers accomplish these prices by estimating the costs that will be incurred by the business during the production process and then creating the costs based on their estimations.
