Actual Profit (P) is equal to Actual Sales (S) minus Total
Expenses (E). Given that the Margin of Safety percentage (M) of Total Sales is 25%,
we can establish an equation relating the Total Sales, Break-even point and M.
It would be S - $300,000 = 0.25S, since Margin of Safety is equal to Total
Sales minus Break-even point. Solving for S would result to $400,000. Given
that E is equal to 45% of S, E would then be equal to $180,000. Solving for P,
P = $400,000 - $180,000. Therefore, P is equal to $220,000.
Answer:
The statement is False
Explanation:
The given statement is false because the if a person or an individual wants to maintain a high self esteem and a good attitude, one needs to evaluate or determine the follow up from the after interviews that have negative experiences, not with that interviews that have positive experiences.
As if the person evaluates only positive experience, then the person will become overconfidence which is not good . So, it is important to see both positive experience as well as negative experience.
Answer:
uncollectible ammount expense 47,972 debit
allowance for doubtful account 47,972 credit
Explanation:
Fro mthe talbe we are given the amount of account over-time fro meach customer.
As we are presented with all date we should proceed directly with the journal entry:
the aging method stated an allowance of 60,727
the current balance is for <u> (12,755) </u>
the adjustment will be for: <em> 47,972 </em>
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department A and on a machine-hours basis in Department B.
Dept. A
Factory overhead $ 71,250
Direct labor-hours 8,100
Dept. B
Factory overhead $46,055
Machine-hours 15,100
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=
Dept A:
Estimated manufacturing overhead rate= 71250/8100= $8.80 per direct labor hour
Dept B:
Estimated manufacturing overhead rate= 46055/15100= $3.05 per direct machine hour
Answer:
“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”
Explanation:
The Paid-up value of Preferred Shares = $100,000 [1,000 Shares x $100]
The Amount of Preferred Dividend per year = $8,000 [$100,000 x 8%]
The amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year
= Cumulative Preferred Dividends payable for the 2 years + Current Year Dividend
= [$8,000 x 2 Years] + $8,000
= $16,000 + 8,000
= $24,000
“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”
