Answer:
Gross profit= $7,585
Explanation:
Giving the following information:
Units produced= 4,500 units
Units sold= 2,050 units.
Unitary variable cost= $3.5 per unit
Fixed manufacturing overhead= $5,850
The sales price of the products was $8.5 per unit.
Under the absorption costing method, the fixed manufacturing overhead is part of the product cost. Therefore, the units remaining in inventory have fixed costs incorporated.
Unitary cost= 3.5 + 5,850/4,500= $4.8
Sales= 2,050*8.5= 17,425
Cost of goods sold= 2,050*4.8= (9,840)
Gross profit= $7,585
Answer:
d) $195.
Explanation:
Interest revenue to in 2022 = ($13,000*9%) * 2 months/12 months
Interest revenue to in 2022 = $1,170 *2 months/12 months
Interest revenue to in 2022 = $1,170 * 0.1667
Interest revenue to in 2022 = $
195.039
Interest revenue to in 2022 = $
195
Answer:
In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
source of cash.
Explanation:
Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.
Answer:
Short term
Explanation:
A short term goal is a mission that one wishes to accomplish in the immediate future. In general, short goals are achieved within one year. Plans or objectives that are set to be fulfilled within one year or less are short-term goals. Another example of a short term goal is the purchase of household furniture.
The spa package budget will be achieved in six weeks, thereby qualifying as a short term goal. Long-term goals contrast short term goals as they take longer than one year to achieve.
Answer:
The correct answer is: the additional product generated by additional units of an input will eventually diminish.
Explanation:
The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.
This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.
