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3 years ago

Is income debit or credit

Business

2 answers:

Vanyuwa [196]3 years ago

5 0

Answer:

income is credit thats the amswer

lukranit [14]3 years ago

3 0

Explanation:

credit im pretty sure and debit is when you're taking away I believe

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Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 1

SCORPION-xisa [38]

Monthly Flexible Manufacturing Budget

For the Year 2017

Activity level

Finished units 73,600 96,200 118,800

Variable costs

Direct materials($3) $220,800 $288,600 $356,400

Direct labor($6) $441,600 $577,200 $712,800

Overhead($9) $662,400 $865,800 $1,069,200

Total variable costs $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12] $649,800 $649,800 $649,800

Supervision[($2 * 1,299,600) / 12] $216,600 $216,600 $216,600

Total fixed costs $866,400 $866,400 $866,400

Total costs $2,191,200 $2,598,000 $3,004,800

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3 years ago

If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for

White raven [17]

points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.

Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.

Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.

Learn more about loan discount points here:brainly.com/question/2764956

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6 0

2 years ago

Tony made the following table to compare two career paths that he would like to consider. Review his table. Then, answer the que

andrew-mc [135]

Answer: D- the outlook for accountant jobs is better than for advertising sales agent jobs

8 0

3 years ago

Read 2 more answers

Bob and his sister Betty are co-owners of their late parents' business. Bob actively manages the business; Betty supplies capita

mihalych1998 [28]

Answer: Parasite, predator

Explanation:

Managing businesses isn't an easy task despite it might be going well. On managing business, certain agreement has to be reached such as who finances , manages, and how interests are shared, when all these are well spelled out there would be no room for the other party to feel cheated while the other feels same way too. Betty and her brother feel cheated about each other's input regarding their business because they probably didn't spell out how the business operations would be run, they'll need to sort this out so they don't see each other so again.

6 0

3 years ago

The Metal Shop produces 1.7 million metal fasteners a year for industrial use. At this level of production, its total fixed cost

DiKsa [7]

Answer: The offer should be rejected.

Explanation:

Given the following :

Total units produced = 1,700,000 units

Total cost = $791,000

Total fixed cost = $486,000

5% increase in production = (0.05 × 1,700,000) = 85,000

Units required by customer = 50,000 ( it is still within range without incurring additional fixed and variable cost).

Hence, total variable cost :

Total cost - total fixed cost

$(791,000 - 486,000) = $305,000

Variable cost per unit :

Total variable cost / total units produced

$305,000 / 1,700,000

= $0.179

Variable cost = marginal cost (Since variable cost per unit will be unchanged).

Offered price = $0.165

$0.165 < $0.179

Since offered price < marginal cost ; The offer should be rejected.

7 0

3 years ago