Construction managers can be salaried employees or work for__________

Forever Jewelers uses the perpetual inventory system. On Aprilâ€‹ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500

Tema [17]

Answer:

Accounts Receivable $8,820

To Sales Revenue $8,820

Explanation:

The journal entry to record the sales revenue is shown below:

Accounts receivable A/c Dr $8,820

To Sales revenue A/c $8,820

(Being merchandise sold on credit basis)

For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

The computation of sales revenue is shown below:

= Sales revenue - discount

= $9,000 - $9,000 × 2%

= $9,000 - $180

= $8,820

This is the answer but the same is not provided in the given options

6 0

3 years ago

You manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 30%. The T-bill rate is 6%. Your

Roman55 [17]

Answer:

Explanation:

Expected return of the portfolio is weighted average of the return of the components.

E(R) = w1 * R1 + w2 * R2

E(R) = 65% * 18% + 35% * 6%

E(R) = 11.70% + 2.10%

Expected Return, E(R) = 13.80%

Standard deviation of portfolio is mathematically represented as:

$\sigma =\sqrt{w_1^2\sigma _1^2+w_2^2\sigma _2^2+2w_1w_2p_{1,2}\sigma_1\sigma_2}$

where

w1 = the proportion of the portfolio invested in Asset 1

w2 = the proportion of the portfolio invested in Asset 2

σ1 = Asset 1 standard deviation of return

σ2 = Asset 2 standard deviation of return

For risk free money market fund, standard deviation = 0 and its correlation with risky portfolio = 0

$\sigma =\sqrt{ (0.65 * 0.30)^2 + (0.35 * 0)^2 + (2 * 0.65 * 0.30*0.35 *0*0)} \\\\= \sqrt{0.038025 +0+0} \\\\ = 0.195$

Standard deviation = 19.50%

7 0

3 years ago

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit

Sloan [31]

Answer:

The price elasticity of supply is 1.22

Explanation:

Please refer to the attached file

8 0

3 years ago

Annual production and sales level of Product A1 is 9,280 units, and the annual production and sales level of Product B2 is 23,11

xxTIMURxx [149]

Answer:

Overhead per unit of Product B2 = $4.46

Explanation:

We know,

Allocation overhead to product line under A B C costing = Total overhead cost of specific product line/total number of products sold.

For each activity, the allocated overhead cost to product B2 = Total budgeted cost × [Product B2/(Product A1 + Product B2 of that activity)]

Activity 1 allocated to Product B2 line: $56,000 × 5,600/7,600 = $41,263

Activity 2 allocated to Product B2 line: $71,000 × 5,560/8,600 = $45,902

Activity 3 allocated to Product B2 line: $96,000 × 1,600/9,600 = $16,000

Total overhead allocated to Product B2 = $103,165

Overhead per unit of Product B2: $103,165/23,110 = $4.46

5 0

3 years ago

Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves m

MArishka [77]

Answer: Please see below for answers.

Explanation:

Variable costs are referred to as costs incurred to a company which change as the volume of production by the company or business changes that is when the volume of production increases, the costs increases , and decreases with decreased production.

Fixed costs are expenses incurred to a company which do not change in relation to the volume of production by the company or business that is when the volume of production increases or decreases, the costs remains the same.

a. Supervisor of the Drilling Department----- Fixed cost

b.Oil used to lubricate drill press machines---- Variable cost

c.Propane for forklift trucks used to move the material from the Drilling Department to the Assembly Department---- Variable cost

e.Natural gas used to heat the plant----- Variable cost

f.Security guard---- fixed cost s

g.Insurance on factory building----- Fixed costs

h.Electricity to power drill press machines---- Variable costs

.i Rent of factory building-Fixed costs

4 0

3 years ago

Construction managers can be salaried employees or work for___________.