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3 years ago

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Swifty Corporation expects direct materials cost of $6 per unit for 150000 units (a total of $900000 of direct materials costs).

Swifty’s standard direct materials cost and budgeted direct materials cost is :___________

1 answer:

OLga [1]3 years ago

5 0

Answer:

Explanation:

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2 years ago

Expansionary fiscal policy is used by the government to A. control inflation. B. reduce the national debt. C. create new jobs in

Ksivusya [100]

Answer:

Option C: Create new jobs in the economy

Explanation:

Fiscal policy is a federal government ability to keep the economy stable through highing or lowering taxes or government spending.

Expansionary Fiscal Policy is simply described as the higher rate in purchases by government, lower rate in net taxes that is targeted soas to bring about higher aggregate demand enough to lower unemployment back to equilibrium. Government aim to reduce unemployment by providing more jobs for the people.

Expansionary fiscal policy aim to decrease unemployment byincreasing government spending and/or lowering taxes.

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3 years ago

The income statement for the Carolina Service Company for the year ended December 31, 2017, appears below. Includes $25,000 of i

KATRIN_1 [288]

Answer:

Earning per share = 2.166

Price earning = 10.15

Times interest earned = 5.4

Explanation:

Common stock outstanding at end = Shares outstanding (open) +Shares issued.

= 50000+10000= 60000 outstanding shares (at end)

a.)we know that earning per share =<u> net income - preference dividend</u>

Common shares outstanding at end

= ( N#1) <u>135000 - 5000</u>

60000

= 2.166 earning per share

(N#1):To calculate net income we will need statement of changes in equity,Suppose par value of shares = $10,

we have Beginning equity + net income - Dividend = Equity (end)

Net Income = 600000+35000-500000

Net income = 135000

b.) Price earning = <u>Market value per share </u> = <u>22 </u> = 10.15

Earning per share 2.166

c.) Times interest earned =<u> Income before interest and taxes</u> or EBIT

Interest expense

EBIT = 135000

= 135000 / 25000 = 5.4 times

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3 years ago