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3 years ago

5

The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of compu

ting the company's predetermined overhead rate for the year. The predetermined overhead rate is closest to:

2 answers:

salantis [7]3 years ago

7 0

Answer:

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erica [24]3 years ago

7 0

Answer:

I don't know hohihihihihihi

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Tobin Supplies Company expects sales next year to be $500,000. Inventory and accounts receivable will "increase $80,000" to acco

wel

Answer:

External funds needed = $40,000.

Explanation:

An increase in the firm's retained earnings (a component of the shareholder's equity) arises as a result of higher sales volume, thereby making the Asset = Liability + Shareholder's Equity Equation unbalanced.

Therefore, there must be an increment in the firm's assets by an equal amount in order to re balance the equation. If there is an increase in assets by a greater magnitude than retained earnings increment, the gap is filled by external financing (which is a liability and increases the liability component of the equation).

Net income = Sales * profit margin = $500000*10% = $50000

Dividend= Net income * payout ratio = $50000*20%= $10000

Increase in retained earnings = Net income - Dividend = $(50000-10000)

= $40000

Increase in assets = $80000

External funds needed = $(80000-40000) = $40,000.

7 0

3 years ago

The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be

ahrayia [7]

Answer:

C. debit cash, credit premium on bonds payable and bonds payable

Explanation:

Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:

Cash A/c Dr XXXXX

To Premium on bonds payable A/c XXXXX

To Bonds payable A/c XXXXX

(Being bond is issued at a premium is recorded)

When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account

4 0

3 years ago

Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She

alexira [117]

Answer:

D.

Explanation:

Marginal Utility puts a numerical value on the amount of satisfaction that a consumer gets from buying an additional unit of a product or service. Therefore based on this information it can be said that the information provided in the question indicates that in order to maximize utility, Ellie should buy more of Alpha and less of Beta, mainly due to the fact that the marginal cost of Alpha is double that of Beta and both cost the same price.

8 0

3 years ago

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction

valentinak56 [21]

Answer:

Total Stockholders' Equity = $2,334,370

Explanation:

Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.

In the attached excel file, the retained earnings is calculated as follows:

Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670

From the attached excel file, we have:

Total Stockholders' Equity = $2,334,370

6 0

3 years ago

South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in

love history [14]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Sales (6,000nits*$1,000) $6,000,000

Cost of goods sold 870,000 (145 a unit)

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Commissions (4.1% of sales) 246,000

We will separate in variable and fixed costs:

Fixed costs:

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Variable costs:

COGS= 145*8,900= 1,290,500

Commission= 0.041*(8,900*1,000)= 364,900

Total costs= fixed costs + variable costs

Total costs= $2.192,400

4 0

3 years ago