Answer:
The Question is Incomplete; Full Question is as follows;
Using variable costing, what is the contribution margin for last year?
<em>Contribution Margin = $362,900</em>
Explanation:
Computation of expenditure margin by differential costing;
<em>Sales </em><em>Minus </em><em>variable cost </em>
= $1,558,000
- Variable cost of Manufacturing(190,000 units *$1.84)
= $349,600
— variable sales and administrative costs(190,000 units *$4.45)
= $845,500
= contribution margin = $362,900
<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>
The correct statement is when claims are denied.
<h3>What is the commercial paper? What is the duration of the commercial paper?</h3>
The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.
Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.
The companies mostly issued the commercial papers to meet their short term liabilities.
Learn more about the commercial paper here:-
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420 is what I got. if you do two divided by 120 it gives you 60 then 60 times 7 is 420.
Venture capitalists provide funds to small businesses, especially young ones, with a good amount of growth potential. They tend to get a decent share of ownership in the company in exchange of the investment that they made, and can serve as a very important support for the small business.
Answer:
Debit : Cash $44,000
Debit : Inventory $76,000
Debit : Land $109,000
Debit : Buildings $249,000
Debit : Equipment $121,000
Credit : Accounts Payable $63,000
Credit : Shares (30,000 x $6) $180,000
Credit ; Gain on Bargain Purchase $356,000
Explanation:
Assets and liabilities are acquired at their Fair Value Amounts instead of Cost or Book Value.
A transfer of some of the asset of a Company is referred as a Asset acquisition transaction instead of Business Combination (Acquirer obtains control of one or more businesses).
This is an asset Acquisition Transaction and no consolidated Financial Statements will be prepared.
The excess of Net Assets Acquired over the consideration is called Gain on Bargain Purchase and this amounts to $356,000.
