Multiple Choice

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

notsponge [240]

Answer:

$

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

(W1) Cost of goods sold

Direct Material 3,450,000

Direct Labour 1,196,000

Variable manufacturing cost 782,000

Variable selling cost 600,000

Total variable cost 6,028,000

Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD 5,241,739.13

8 0

3 years ago

An investment adviser representative who prepares financial plans for customers is also a registered life insurance agent in tha

Alex777 [14]

Answer:

D. Recommendation to buy life insurance does not make the investment advice any less objective.

Explanation:

investment adviser representative are also regarded as financial planner are advisers that gives advice in term of financial service to firms or individual or his/ her customer

In the situation described in the question whereby, the agent recommends that a customer sell a mutual fund holding and use the proceeds to buy life insurance, then these information are needed to be disclosed to the customer

✓. Sale of the mutual fund mayor is alt in a taxable event to the customer

✓Recommendation to purchase life insurance is in no way connected to the services offered by the advisory firm

✓Agent will earn a commission on the life insurance purchased by the customer

6 0

3 years ago

A person is taking a poll to determine the most popular movie in his neighborhood. he decides to stand outside the local theater

Nookie1986 [14]

It is Random Convenience.

5 0

3 years ago

Which of the following is the last step in creating budget

Zolol [24]

Answer D, determining savings or debt, is correct. The first step is identifying and writing down your financial goal(s). The second one is to start writing down every single one of your transactions, this is the most important because it shows you your spending habits. The third step is to create the actual budget. Set aside a certain amount of money for each bill/necessity. The last step is to determine what your savings are.

6 0

3 years ago

Read 2 more answers

A product that sells today for $150 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year

saveliy_v [14]

Answer:

selling price at year 3: $ 188.89

at constant dollar year 3: $ 167.94

Explanation:

selling price x accumualte raises:

$150 \times (1+0.06) \times (1+0.08) \times (1+0.10)$