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ohaa [14]
3 years ago
11

Which of the following reasons would cause a company to reject an offer to accept business at a special price?

Business
1 answer:
zysi [14]3 years ago
8 0

Answer:

The additional sale will not conflict with regular sales.

Explanation:

Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.

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Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co
earnstyle [38]

Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

3 0
3 years ago
Whispering Corporation issued $480,000 of 7% bonds on November 1, 2017, for $515,707. The bonds were dated November 1, 2017, and
Snezhnost [94]

Answer:

                                                                    Debit                           Credit

Interest Expense                                        5,157

Long term Bonds                                                                            5,157

Explanation:

The 7%bond is issued by the Whispering Corporation on November 1, 2017 and the Whispering Corporation is using effective interest method with an interest rate of 6%, therefore the adjusting entry shall be recorded as at December 31,2017 in respect of interest accrued for two months i.e. November and December 2017 by following amount:

515,707*6%*2/12=5,157

The following adjusting entry shall be recorded in accounts of Whispering Corporation in respect of interest accrued as at December 31, 2017:

                                                                    Debit                           Credit

Interest Expense                                        5,157

Long term Bonds                                                                            5,157

4 0
3 years ago
Freddie's Market offers customers tissues, canned goods, napkins, and various detergents in basic packaging with no identified b
Irina-Kira [14]

Answer:

True

Explanation:

Generic goods are the products which are named by their product type. The store have many generic goods with lower prices than nationally known brand names. Freddie's Market is also offering its customers generic goods like tissues , napkin and various detergents with no specific brand name. These goods will be less expensive than the brand labelled goods.

3 0
3 years ago
Following are income statements for Hossa Corporation for 20X1 and 20x2. Percentage of sales amounts are also shown for each ope
I am Lyosha [343]

Please find full question attached Answer and Explanation:

Please find full answer and explanation attached

We have done a change analysis using data from Hossa's net income statement

From the analysis we can observe that only increase in sales brings a positive effect and therefore the result of increase in net income

7 0
3 years ago
Fixed costsa.are equal to explicit costs plus implicit costs. b. do not vary as output varies. c. are the same as total costs fo
Fantom [35]

Answer:

b. do not vary as output varies.

Explanation:

Fixed cost are defined as those cost that is incurred by a business that do not vary with level of production. For example if a company pays rent wether it produces goods or not it will incur the same rent expense. So this cost does not vary with output.

Variable cost on the other hand varies with production. The higher the level of production the higher the variable cost. For example the more the output required the more the labour employed to achieve higher output.

7 0
3 years ago
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