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geniusboy [140]
3 years ago
15

Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $15, direct labor $

9, variable manufacturing overhead $6, fixed manufacturing overhead $8, variable selling and administrative expenses $4, and fixed selling and administrative expenses $6. Using a 40% markup on total per unit cost, compute the target selling price.
Business
1 answer:
AlexFokin [52]3 years ago
6 0

Answer:

$67.2

Explanation:

With regards to the above,

Total unit cost = $15 + $9 + $6 + $8 + $4 + $6 = $48

Target selling price = Total unit cost × (1 + mark up)

Since markup percentage is 40% or 0.40

Therefore,

Target selling price = $48 × (1 + 0.4)

= $48 × 1.4

= $67.2

Therefore the target selling price is $67.2

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posledela

Answer:

information search

Explanation:

This would occur in the information search stage of the consumer decision-making process. In this stage the consumer is basically trying to do as much research as possible so they get the best possible product for their needs, this also includes trying to find out about the possible problems that the specific models might have so that they do not get ripped off when making a final decision about which product to buy.

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3 years ago
Assignment
Viefleur [7K]

Answer:

where's the questions or something?

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Use the following information to answer this question.
mariarad [96]

Answer:

0.82

Explanation:

Quick ratio is computed as

= Quick assets / Current liabilities

Quick assets = cash and cash equivalents + marketable securities + Account receivables

Current liabilities = Bills payable + Accounts payable + Other short term payable

With regards to the above,

Quick assets given = Cash and accounts receivables ; account payables only for current liabilities

Quick ratio = $240 + $860 / $1,335

Quick ratio = $1,100 / $1,335

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So, quick ratio for 2017 is 0.82

6 0
3 years ago
The direct write-off method is not allowed under GAAP because it violates the ______. Multiple choice question. aging principle
vitfil [10]

The direct write-off method is not allowed under GAAP because it violates the principle expense recognition (matching) principle.

A direct write-off is an accounting method by which uncollectible accounts received are written off as bad debts.

  • GAAP stands for General Accepted Accounting Principles.
  • It is a collection of conventionally and generally accepted accounting rules and standards for financial reportage.
  • The direct write-off method is also referred to as the direct charge-off method.
  • Upon receiving an invoice that has been deemed uncollectible, bad debts have to be cleared off.
  • The direct write-off method violates the principle expense recognition (matching) principle.
  • The matching principle states that expenses need to be matched with the revenue for a given period of association.

Therefore, the direct write-off method is not allowed under GAAP because it violates the principle expense recognition (matching) principle.

Learn more about GAAP here:

brainly.com/question/17895474

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Suppose you purchase the winning lottery ticket after watching your favorite movie. From this experience, you believe that watch
Dmitry_Shevchenko [17]

Answer:

D

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post hoc ergo propter hoc fallacy is a Latin word which means - after this, therefore because of this.

It is an example of a fallacy where if an event B occurs after an event A. So, people associate the occurrence of event B with A.

In this question, a person believes that because he watched his favourite movie (event A), he won the lottery (event B). He has come to associate watching his favourite movie as a prerequisite with winning the lottery. this is not necessarily true

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