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grandymaker [24]
2 years ago
13

Which of the following statements is correct concerning product​ costs? A. Product costs are shown with current liabilities on t

he balance sheet. B. Product costs are expensed in the period incurred. C. Product costs are shown with operating expenses on the income statement. D. Product costs are expensed in the period the related product is sold
Business
1 answer:
Brut [27]2 years ago
5 0

Answer: D. Product costs are expensed in the period the related product is sold

Explanation:

The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.

It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.

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As the executive of a bank or thrift institution you are faced with an intense seasonal demand for loans. Assuming that your loa
solniwko [45]
I believe u should not give put loans at all ,or make the interest rate very low so they 'll have a better chance to pay it off
5 0
3 years ago
Compton Company expects the following total sales: Month Sales March $ 37,000 April $ 27,000 May $ 21,000 June $ 32,000 The comp
Rina8888 [55]

Answer:

$11,025

Explanation:

From May sales, Total Credit sales = $21,000*70% = $14,700

Cash Collected in May (for sales) = Total Credit sales * 25%

Cash Collected in May = $14,700*25%

Cash Collected in May = $3,675

Accounts Receivables Balance = Total Credit sales (May) - Cash Collected in May

Accounts Receivables Balance = $14,700 - $3,675

Accounts Receivables Balance = $11,025

So, the budgeted accounts receivable balance on May 31 is $11,025.

5 0
3 years ago
4 of 50 (3 complete)
Fantom [35]

Answer:

  • <em>The slope of the demand curve at point A is   </em><u><em> </em></u><u>- $0.40/unit</u>

  • <em>The slope of the demand curve at point B is     </em><u>- $0.14/unit</u>

Explanation:

See the file attached with the figure corresponding to this question.

<em>The slope of a curve</em> at a given point is the slope of the line tangent to the curve at that point.

<em><u>Point A:</u></em>

The tangent line to the <em>demand curve at point A is</em> drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

  • slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

<u><em>Point B:</em></u>

<em>The tangent line to the demand curve at point B</em> passes through the points (90, 12) and (140, 5).Then, the slope is:

  • slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

  • slope = - $7 /50units = - $7/50units = - $0.14/unit.

Again, the negative sign indicates that when the number of units increase the price decreases.

3 0
3 years ago
Funtime Park competes with Slide World by providing a variety of rides. Funtime sells tickets at $ 85 per person as a​ one-day e
Molodets [167]

Answer:

$531,000

Explanation:

For determining the contribution margin ratio, first we have the contribution margin per unit which is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $85 - $17

= $68

And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100  

So, the Contribution margin ratio is

= ($68) ÷ (85) × 100

= 80%

Now the break even point in sales dollars is

= $428,400 ÷ 80%

= $531,000

We simply applied the formulas

4 0
3 years ago
What are capital gains on an investment?
Lynna [10]

Answer:

It is money that was paid off investment.Hope it helps.

Explanation:

6 0
3 years ago
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