Answer:
1,300 units
$1,950
Explanation:
The computation of margin of safety in units is given below :-
Margin of safety in units = Budgeted sales in units - Break-even sales in units
= 4,300 units - 3,000 units
= 1,300 units
The computation in dollars of safety is given below :-
Margin of safety in dollars = Margin of safety in units × Selling per unit
= 1,300 × $1.50
= $1,950
Answer: 1. D. Economic entity
2. C. Circumstances prevent the exercise of control.
3. B. Consolidation used for both Sell and Vane.
4. B. In form, the companies are separate; in substance, they are one entity
Explanation:
1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.
2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.
3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.
4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.
Answer:
$233,000
Explanation:
As we know that
Cost of goods sold = Beginning inventory + net purchase - ending inventory
where,
Beginning inventory = $32,000
Net purchase is
= Purchase - purchase discounts - purchase returns + freight in
= $240,000 - $6,000 - $10,000 + $17,000
= $241,000
And, the ending inventory is $40,000
So, the cost of goods sold is
= $32,000 + $241,000 - $40,000
= $233,000
We simply applied the above formula so that the cost of goods sold could come
Answer:
The answer is: E) Social responsibility goals
Explanation:
Corporate social responsibility (CSR) incorporates sustainable development into a company's business model. It should have positive impact on the general public, the environment and the economy.
By helping restore, preserve and revitalize historical sites in NYC, American Express is creating a positive impact by:
- helping the people that live in NYC (better buildings or infrastructure)
- is injecting money into the city´s economy (hiring contractors, buying materials, etc)
- natural resources (i.e. trees) found at those historical sites will also be taken care of
Answer:
B. Defensive Strategy
Explanation:
One thing that is inevitable in business is competition. Dexter decided to use a defensive strategy for his business with his retirement coming in and competition becoming even stronger.
Defensive strategies are management techniques used to "fend off attacks" from competitors. It helps the decision maker hold on to shares of the market. Some companies do this to lower the risk of being attacked when they perceive attacks coming from competitors so in turn, those competitors can focus on other competitors in the market.
