Answer:
effect on net income Δ12,000
It will increase by 12,000
Explanation:
special order 15,000 at $3.10
sales 3.10 - variable cost 2.3 = 0.8 contribution margin per unit
15,000 x 0.8 = 12,000 contribution
There are no increase on fixed cost or additional variable cost for shipping or setup for this special order.
A $150 debit to office equipment was entered into the account as a $150 credit. This error caused the trial balance to be out of balance by <u>300</u>.
A trial balance is a list of all the general ledger bills contained in the ledger of a business. This listing will incorporate the call of every nominal ledger account and the fee of that nominal ledger stability. Every nominal ledger account will preserve either debit stability or credit stability.
A trial balance includes a listing of all popular ledger account totals. each account needs to include an account quantity, a description of the account, and its very last debit/credit score balance. Further, it ought to nation the final date of the accounting length for which the record is created.
The cause of a trial balance is to make sure that every entry made into an employer's well-known ledger is properly balanced. A trial balance lists the finishing stability in each popular ledger account. The total dollar amount of the debits and credits in each accounting access are purported to match.
Learn more about trial balance here brainly.com/question/24217989
#SPJ4
Answer:
Target funds rate = 7.5%
Explanation:
The target Federal funds rate is calculated as:
Target funds rate = Real equilibrium Federal funds rate + current inflation + 0.5(inflation gap) + 0.5(output gap).
(Inflation gap = Current inflation rate - Target inflation rate)
So, Target funds rate = 2 + 1 + 0.5(1 - 2) +0.5(10)
= 3 + 0.5(-1) + 5
= 3 - 0.5 + 5
= 7.5
Therefore, Target funds rate = 7.5%
Answer:
A. target costing
Explanation:
To make the new price level profitable, ConAgra Foods used target costing.
Target costing may be seen as an accountancy approach during which companies set targets for costs supported the worth prevalent within the market and therefore the margin of profit they need to earn. Keeping its costs below the relevant targets helps the businesses to get profit.
Target cost = selling price – margin of profit
Profit margin could also be supported cost or selling price .
In most of the industries competition is high which suggests that prices are determined by the interaction of market demand and provide which the market participants i.e. producers can’t change. However, they will control their costs.