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3 years ago

Listed here are product costs for the production of soccer balls.

Business

1 answer:

VikaD [51]3 years ago

7 0

Answer:

(a) as either fixed or variable

fixed

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

variable

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

(b) as either direct or indirect

direct

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

indirect

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

Explanation:

Fixed Costs are constant for any production level. Variable Costs vary directly with production.

Direct Costs are easily traced to the product manufactured. Indirect costs are not easily traced and they need to be allocated to Products manufactured.

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If $800 is borrowed at 8% interest, find the amounts due at the end of 4 years if the interest is compounded as follows. (Round

Alisiya [41]

Answer:

(i) $133.12

(ii) $297.6

(iii) $300.8

(iv) $301.6

Explanation:

From the compounding formula;

Future value = Present value $(1+\frac{r}{m}) ^{mn}$

where r is the rate, m is the number of payment per year, and n is the number of years.

Interest = future value - present value

Given that present value = $800, r = 8%, n = 4 years.

(i) annually,

m = 1, so that;

Future value = 800 $(1.08)^{4}$

= $933.12

Interest = $933.12 - $800

= $133.12

(ii) quarterly,

m = 3, so that;

Future value = 800 $(1+\frac{0.08}{3}) ^{(4x3)}$

= 800(1.372)

= $1097.6

Interest = $1097.6 - $800

= $297.6

(iii) monthly,

m = 12, so that;

Future value = 800 $(1+\frac{0.08}{12}) ^{(4x12)}$

= 800(1.376)

= $1100.8

Interest = $1100.8 - $800

= $300.8

(iv) weekly,

m = 54, so that;

Future value = 800 $(1+\frac{0.08}{54}) ^{(4x54)}$

= 800(1.377)

= $1101.6

Interest = $1101.6 - $800

= $301.6

4 0

3 years ago

Peggy Grey's Cookies has net income of $400. The firm pays out 30 percent of the net income to its shareholders as dividends. Du

andreev551 [17]

Answer:

Cash flow = $35

Explanation:

Cash flow= Payout ratio*net income-price of stock= 0.30*400-85=35

3 0

3 years ago

Journal EntryThe company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $

Mkey [24]

Answer:

Sales Discounts 190 debit

Allowance for Sales Discounts 190 credit

Explanation:

From the current accounts receivable, the company has 10,000 within discount period and t expect the customer will take them so:

10,000 x 2% = 200 expected discount

currenly the accouting balance for the expected discount is 10 so:

200 - 10 = 190 allowance for sales discounts adjustment.

Remember we do this adjustment to match the expenses or discount withthe period they are generated. Not doing so, will imput discount to the next period for transaction which occurs in the current one.

3 0

3 years ago

Hilton's, a home-improvement store chain, reported these summarized figures:_______.

Nataly_w [17]

Answer:

a. 2017 ⇒ 1.50

2016 ⇒1.58

b. Deteriorate

Explanation:

a. Current ratio 2017

= Current Assets / Current liabilities

= 6,708,700 / 4,470,000

= 1.50

Current ratio 2016

= 5,848,000 / 3,700,000

= 1.58

b. The current ratio went from 1.58 in 2016 to 1.50 in 2017 which would mean that it deteriorated.

8 0

2 years ago

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to

slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

Royal Lawrence Company

Income statement

Weedban Greengrow Total

$ $ $

Sales (sp/unit × unit) 315,000 900,000 1,215,000

Variable cost (Vc/unit × units) (98,000) (325,000) (423,000)

Contribution 217,000 575,000 792,000

Specific fixed cost (132,000) (37,000) (169,000)

Product profit 85,000 538,000 623,000

Common Fixed cost (100,000)

Total profit 523,000 

4 0

3 years ago

Read 2 more answers