When analyzing the Production Possibility Curve, what is the value of a good given up in order to produce more of another good?

"At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4,597,000 in revenues, $ 3,399,000 in cost

notsponge [240]

Answer:

Net Income $ 495,000

Explanation:

The net income represent the amount that would be left after all expenses have been deducted from all the sales revenue.

$

Sales revenue 4,597,000

Cost of goods sold (3,399,000)

Gross profit 1,198,000

Operating expenses (448,000)

Profit before taxes 750,000

Taxes (34%×750,000) (255,000)

Net Income  495,000 

4 0

4 years ago

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost

patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

$\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\$

For question 2:

Calculating the ending inventory units:

$= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\$

Calculating the cost for the Ending inventory:

$=1600\ units \times \$16.5\\\\=\$26,400\\\\$

For question 3:

Calculating the absorption costing for the income statement:

Particular Amount

Sales $(38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600$

-COGS $(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600$

Gross profit $\$288,000$

Cost of variable marketing $(\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080$

marketing and administrative costs are fixed $\$130,500$

Net income $\$111,420$

6 0

3 years ago

What is one negative element about automated call answering service

avanturin [10]

Answer:

C. They are impersonal, which can result in dissatisfied customers.

Automated call service systems can help you, but if you have a more in depth question, it can't. The automated voice is impersonal, they don't show any emotional qualities, so they can't say, "sorry that happened to you," or, "sorry for the wait," (etc).

3 0

3 years ago

Read 2 more answers

The owners' equity for The Deer Store was $58,900 at the beginning of the year. During the year, the company had aftertax income

tankabanditka [31]

Answer:

The owner's equity at the end of the year results to $64,400

Explanation:

We are able to calculate this through simple addition and subtraction

First we must view how much was payed through tax

t = 4,200 - 3,200 = 1,000

58,900 - 1,000 = 57,900

Than, due to the repurchase of $6,500 of stock, we must include this within our final equation

57,900 + 6,500 = 64,400

Hope this helps

7 0

3 years ago

At October 1, Arcade Fire Enterprises reported stockholders' equity of $36,000. During October, no stock was issued and the comp

vivado [14]

Answer:

A. $8,000

Explanation:

Stockholders Equity Includes the Add-in-capital par value, Add-in-capital excess value of Common and Preferred, Net income accumulated value and dividends.

Ending Stockholders Equity = Beginning Stockholders Equity + Income for the period - Dividend paid During the period

$32,000 = $36,000 + $4,000 - Dividend paid During the period

$32,000 = $40,000 - Dividend paid During the period

Dividend paid During the period = $40,000 - $32,000

Dividend paid During the period = $8,000

3 0

4 years ago