Answer:
$69,000
Explanation:
The computation of the operating income would be shown below:
= Buying cost - making cost
where,
Buying cost equals to
= 60,000 × $3
= $180,000
And, the making cost would be
= Variable cost + fixed cost × avoid percentage
= $90,000 + $70,000 × 30%
= $90,000 + $21,000
= $111,000
Now put these values to the above formula
So, the value would equal to
= $180,000 - $111,000
= $69,000
Answer:
a) $1,000
Explanation:
Early Settlement Discount
This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified later date.
However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.
A quotation of 2/10, n/30
This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.
<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>
Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.
Answer: False
Explanation:
When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive. In evaluating independent alternatives, each alternative is compared against the "Do Nothing" alternative.
For mutually exclusive alternatives, the do-nothing is a viable option when revenue alternatives are involved.
Answer: C. Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth
Explanation:
Given Ethel situation and history, Ethel should maintain an appropriate savings balance to cover unforeseen circumstances.
As a result of her age and due to the fact that she possesses a limited investment experience, there may be too much risk for her if she focuses on large-cap securities
Therefore, she should should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.
The statements about trade that is false is that with trade, one country wins and country loses. The appropriate response is option B.
<h3>What is trade?</h3>
The act of trading involves parties exchanging products and services for mutually beneficial ends. Trade helps people and nations to live better lives and improve their economic conditions.
Trade is crucial for maintaining a competitive global economy because it promotes innovation and supports the specialization of markets while also driving down international pricing for goods.
The capacity to trade also gives one access to products and services that may be more affordable and of greater quality than those found domestically. Alternative commerce gives the world's poorest countries a way out of poverty.
To learn more about trade
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