Stocks are generally considered a higher risk because:

The economy, as a system, represents the

telo118 [61]

The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.

4 0

3 years ago

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

masha68 [24]

Answer:

Debit Petty Cash $250; credit Cash $250

Explanation:

Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:

Debit Petty Cash $250

Credit Cash $250

5 0

3 years ago

Perez Company reported the following data regarding the product it sells: Sales price $ 56 Contribution margin ratio 25 % Fixed

suter [353]

Answer:

Contribution margin ratio = 1 - variable cost ratio

= 25%

(a) $Break\ even\ in\ dollars=\frac{fixed\ costs}{contribution\ margin}$

$Break\ even\ in\ dollars=\frac{350,000}{0.25}$

= 1,400,000

$Break\ even\ in\ units=\frac{Break\ even\ in\ dollars}{sales\ price}$

$Break\ even\ in\ units=\frac{1,400,000}{56}$

= 25,000

(b) For profit of $42,000,

$sales=\frac{Profit+fixed\ cost}{contribution\ margin\ ratio}$

$sales=\frac{42,000+350,000}{0.25}$

= 1,568,000

$In\ units=\frac{sales}{sales\ price}$

$In\ units=\frac{1,568,000}{56}$

= 28,000

(c) variable cost = sales price × variable cost ratio

= $56 × 75%

= $42

New contribution margin = $\frac{New\ sales\ price-variable\ cost}{New\ sales\ price}$

New contribution margin = $\frac{70-42}{70}$

= 0.4

= 40%

$New\ Break\ even\ in\ dollars=\frac{fixed\ costs}{contribution\ margin}$

$New\ Break\ even\ in\ dollars=\frac{350,000}{0.4}$

= $875,000

$New\ Break\ even\ in\ units=\frac{New\ Break\ even\ in\ dollars}{New\ sales\ price}$

$New\ Break\ even\ in\ units=\frac{875,000}{70}$

= 12,500

3 0

3 years ago

White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $148 p

Stolb23 [73]

Answer:

A) a 23.5% decrease in materials

B) a 64% decrease in labor costs

C) a 29.1% decrease in overhead

Explanation:

White Tiger's multifactor productivity = $300 / $148 = 2.027

if we want to increase the multifactor productivity by 12%, it will = 2.27

since we will not change the sales price, we must determine the new total cost:

$300 / cost = 2.27

cost = $300 / 2.27 = $132.16 ≈ $132, which represents a $16 decrease

A) materials ⇒ $16/$68 = 23.5%

B) labor costs ⇒ $16/$25 = 64%

C) overhead ⇒ $16/$55 = 29.1%

4 0

3 years ago

1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, n

Ket [755]

Answer:

Following are the Journal entries to the given question:

Explanation:

Accounts Dr Cr

Robo Department Overhead Control 996

Materials Control $(80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412$

Wages Payable $(80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400$

Shop overhead control $(80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184$

Finished Goods $2000$

Work in process control $2000$

7 0

2 years ago