Profit = $40,000
Given,
Total sales are $500,000
Total fixed costs are $300,000
Contribution margin ratio is 68%
Solution:
Profit = Total Sales × Contribution margin ratio − Total Fixed costs
= $500,000 × 68% − $300,00
=$340,000 −$300,000
Profit =$40,000
Profit:
Profit; also known as net income is the financial gain acquired when the amount of revenue generated by a company exceeds costs and expenses. Profit is the bottom line of a company′s income statement that shows the financial performance during the period.
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<span>The type of bond Frank has purchased is "subordinated debenture".
</span>Other names or terms that are used for this type of bond are; subordinated<span> debt, </span>subordinated<span> loan, </span>subordinated bond,<span> or junior debt.
Subordinated debenture is a sort of bond that refers to an unsecured and gives bondholders a claim optional to that of other assigned bondholders concerning both salary and resources.
</span>
Answer:
The correct answer is letter "A": It earns interest, plus it earns interest on the interest.
Explanation:
In banking, <em>the money individuals save in their accounts is used by the financial institutions in different investment instruments </em>being the most basic lending those sources to other individuals or institutions. Account-holders, though, benefit from the interest rate set at the moment of selecting their bank accounts. If a compounded interest rate was chosen, <em>the account holder will get interest over the interest that the bank computes periodically</em>.
Answer:
The answer is given below;
Explanation:
Revised Stocks =53,000*2=106,000
Dividend per share=106,000*.4=$42,400
The $42,400 will be reported as dividend as the number of shares outstanding have doubled due to stock split.
Answer:
a. Total cost in Assembly Department: $
Direct material 10,000
Direct labour 11,000
Applied overhead 11,000
Total cost 32,000
b. Conversion cost in Finishing Department
Direct labour 20,000
Applied overhead 17,500
Total conversion cost 37,500
Explanation: Total cost is the aggregate of direct material cost, direct labour cost and overhead.
Conversion cost is the aggregate of labour and overhead.
