Answer:
$1.40
Explanation:
The total contribution margin is determined by deducting variable costs from sales during the period:
Assuming a production of 10,800 units, the contribution margin per unit is:
The contribution margin per unit in July is $1.40.
Answer:
A.$262,500
B. Dr Construction in Process $285,000
Cr Deferred Tax $85,500
Cr Retained Earnings $199,500
Explanation:
A. Calculation to determine the amount of net income that would be reported in 2020
Using this formula
2020 Net income=Income before tax*Tax rate
Let plug in the formula
2020 Net income=$875,000*30%
2020 Net income=$262,500
Therefore the amount of net income that would be reported in 2020 is $262,500
B. Preparation of the entry(ies) that are necessary to adjust the accounting records for the change in accounting principle
Dr Construction in Process $285,000
Cr Deferred Tax $85,500
(30%*$285,000)
Cr Retained Earnings $199,500
($285,000-$85,500)
(To adjust the accounting records)
Answer:
The amount of cash required for payment within the discount period is $14454.
Explanation:
The account payables were due for 16800 after the purchase. When thegoods are returned, the accounts receivables fall by 2200 and the new balance becomes 16800 - 2200 = $14600.
The discount term states that if payment is made within the next 10 days of purchase, a 1% discount can be availed (1/10).
If the payment is made in discount period then discount received will be,
Discount received = 14600 *1% = $146
The cash required for payment will be 14600 - 146 = $14454
The debt-to-equity ratio is calculated by dividing total liabilities by net worth.
<h3>What is the
debt-to-equity ratio?</h3>
The debt-to-equity ratio is a financial ratio that is used to determine the credit worthiness of a business. It is determined by dividing the total debt by the total equity. The lower the ratio, the higher the credit worthiness of a business.
To learn more about financial ratios, please check: brainly.com/question/26092288
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