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3 years ago

1. Which of the following is the money or other resources needed to pay for a part or

Business

1 answer:

soldi70 [24.7K]3 years ago

5 0

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

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Food should be stored at least which distance from the floor?

trapecia [35]

I think the correct value to fill in the blank would be 6 inches. Food should be stored at least 6 inches off the floor and 18 inches from the walls in order to decrease the possible condensation in the food that is brought by the differences in the temperature between the surface and the container of the food.

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4 years ago

If there are more than two counteroffers, an agent/broker should:

prisoha [69]

<span>start from scratch and rewrite the contract</span>

3 0

3 years ago

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for t

Novay_Z [31]

Answer:

Labor Rate Variance:

= Actual direct labor hours × (per actual direct labor hour price - per Standard direct labor hour price)

= 368 × (16.50 - 15)

= $552 U

Labor Efficiency Variance:

= Per Standard direct labor hour price × (Actual direct labor hours - Standard direct labor hours)

= 15 × (368 - 400)

= $480 F

The journal entry to record labor variances is:

Work in process A/c Dr. $6000

Labor rate variance A/c Dr. $552

To Labor efficiency variance $480

To Payroll $6,072

(To record labor variances)

3 0

4 years ago

At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance m

zimovet [89]

Answer:

debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts

Explanation:

The journal entry needed to record the adjusting entry by using the allowance method is given below:

Bad debt expense

To Allowance for doubtful debts

(Being bad debt expense is recorded)

Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets

5 0

3 years ago

Variable and absorption costing and breakeven points. Camino, a leading firm in the sports industry, produces basketballs for th

Artyom0805 [142]

Answer:

1 VARIABLE COSTING ABSORPTTION THROUGHPUT

sales 4800000 4800000 4800000

opening stock 0 0 0

produced 2940000 3320000 1260000

closing 140000 158095.24 60000

cost of sales 2800000 3161904.762 1200000

contribution 2000000 1638095.238 3600000

direct labour 1680000

fixed cost

admin 660000 660000 660000

manufacturing 380000 380000

net income 960000 978095.2381 880000

2. variable absorption throughput

breakeven $218,487 $160,976 121353.5589

3. units to be sold 145000 87640.44944 332000

Explanation:

UNIT COST 7 7.90 3

material 3 3 3

labor 4 4

fixed cost 0.90

produced units

opening 0 0 0

produced 420000 420000 420000

closing 20000 20000 20000

sold 400000 400000 400000

breakeven = fixed cost / contribution per unit

3. change in unit cost

variable absorption throughput

material 4 4 4

labour 4 4

fixed cost 0.9

unit cost 8 8.9 4

sales

opening stock

produced

closing

cost of sales

contribution 1160000 780000 1328000

direct labour 168000

fixed cost

admin 660000 660000 660000

manufacturing 380000 380000

net income 120000 120000 120000

to get the amounts for the closing stock, opening stock, produced and sold we multiply by unit cost

to get produced units we take sold stock plus closing stock less openning stock

to get the units that must be sold to make net income of 120 000

we do bottom up approach and can stop at contribution then divide it by contribution per unit.

7 0

3 years ago