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3 years ago

A direct cost is a cost that is____________.

Business

1 answer:

Nookie1986 [14]3 years ago

5 0

Answer:

The correct answer is letter "D": Traceable to a single cost object.

Explanation:

Direct Cost for finished goods is referred to the costs of the items and services directly used in production that can be allocated to a single cost object. Other costs including rent and production site insurance are indirect costs. The cost of the finished goods may be assigned to indirect costs, but they are not direct costs because they do not change with production levels.

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Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s

matrenka [14]

Answer:

Explanation:

The correct amounts are shown below:

1. Assets = Asset balance - depreciation + service revenue

= $60,000 - $925 + $1,500

= $60,575

2. Liabilities = Liabilities balance + employees wages earned

= $20,000 + $410

= $20,410

3. Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned

= $40,000 - $925 + $1,500 - $410

= $40,165

4. Net Income = Net income balance - depreciation + service revenue - employees wages

= $9,000 - $925 + $1,500 - $410

= $9,165

6 0

4 years ago

Fad City sells novel clothes that are subject to a great deal of price volatility. A recent item that cost $20 was marked up $12

Alenkinab [10]

Answer:

20+12-6+3 = 29

Explanation:

7 0

3 years ago

Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin

djverab [1.8K]

Answer:

$38,000 Dividend

Explanation:

Based on the information given the tax treatment of the redemption to Marcie will be $38,000 dividend reason been that her husband shares was been attributed to her, and Since she owns 60 shares her remaining 10 shares including that of her husband 50 shares of Chestnut's will be 110 shares calculated as 150 shares - 40 shares outstanding.

Therefore when we look at this 60 shares/110 shares is greater than 50% which means that Marcie fails the 50% test which makes the redemption to be treated as a dividend.

Hence, the tax treatment of the basis of the shares redeemed will be $38,000 Dividend.

5 0

3 years ago

At a chicago bulls game 20,000 tickets were sold at $30 apiece. the game was sold out and some people did not get tickets. this

iVinArrow [24]

Could have been raised, if the price went up, demand would go down, but since there was more demand than supply to start, this would be okay.

7 0

4 years ago

Cute Camel Woodcraft Company just reported earnings after tax (also called net income) of $9,750,000 and a current stock price o

Assoli18 [71]

Answer:

Explanation:

earning per share = Net income / outstanding shares

= $9,750,000 / 5,500,000 = $1.77

price earning ratio = Current stock price \ earning per share

= $39.50 \ $1.77 = 22.32

new Earning per share = Net income / outstanding shares

= $9,750,000 * 125% / 8,400,000 = $1.45

the stock price after one year would be

= Price earning ratio * New earning per share = 22.32 * $1.45 = $32.36

Market to book ratio = Market value/ book value

Market value = Share price * number of outstanding shares

= $47.12 * 8,400,000 shares = $395,808,000

book value is $54,364,800

M/B = $395,808,000 / $54,364,800 = 7.28 times

Is it possible for a company to exhibit a negative EPS and thus a negative P/E ratio?

Yes, if company is having losses

7 0

3 years ago