The difference between your sales and your cost of goods sold is known as your what

A customer has requested that Lewelling Corporation fill a special order for 2,600 units of product S47 for $31 a unit. While th

inysia [295]

Answer:

$27,420

Explanation:

The computation of the annual financial advantage or disadvantage for the company is shown below:

Incremental revenue (2,600 units × $31) $80,600

Incremental cost

Direct material (2,600 units × $6.20) $16,120

Direct labor (2,600 units × $3) $7,800

Variable manufacturing overhead (2,600 units × $3.30) $8,580

Additional variable cost (2,600 units × $1.80) $4,680

Special molds $16,000

Total incremental cost $53,180

Incremental profit (loss) $27,420

We simply deduct the all incremental cost from the incremental revenue so that the incremental profit or loss could come

4 0

3 years ago

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amou

Sauron [17]

Answer:

1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.

Explanation:

Starbooks

Adjusted trial balance

d Cash $ 295

d Account receivable $ 295

d Supplies $ 495

d Equipment $ 3.195

c Accumulate depreciation $ 895

d Prepaid Rent $ 95

c Account Payable $ 595

c Notes Payable (short-term) $ 495

c Deferred Revenue $ 195

c Notes Payable (long-term) $ 195

c Common Stock $ 195

c Retained Earnings $ 1.495

c Service Revenue $ 6.185

c Interest Revenue $ 95

d Salaries Expense $ 2.195

d Depreciation Expense $ 295

d Income Tax Expense $ 295

d Rent Expense $ 395

d Supplies Expense $ 195

d Travel Expense $ 2.595

Total $ 10.345 $ 10.345

5 0

4 years ago

There is often only one major league baseball team in a city. What is the consequence of this in terms of ticket prices? a. Tick

Papessa [141]

Answer:

b. Ticket prices will be higher because each team is a monopoly in the city.

Explanation:

A monopoly is when there is only one firm operating in an industry. Monopoly usually have market power. They have the ability to set market prices. They usually earn economic profit in the long and short run.

Monopolies are not faced with any competition because they are the only firms operating in an industry.

Because there are usually only one major league in each town, the teams are monopolies, they have the ability to set high prices and do not face competition.

I hope my answer helps you

8 0

4 years ago

Q 6.3: Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approxima

lbvjy [14]

Answer:

D : 2.17%.

Explanation:

The 26% is an APR(Annual Percentage Rate). This is a quoted rate that a credit card company charges . It is also known as the nominal rate.

Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;

Monthly rate = APR / n

APR = 26% or 0.26 as a decimal

n = compounding periods = 12

therefore, Monthly rate = 26% /12 = 2.17%

5 0

3 years ago

Outland corporation is incorporated in wyoming, where it has its executive office. it has a manufacturing plant in utah, and a w

Paul [167]

It would be subject to taxation in all three states where it does business.

3 0

4 years ago