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FromTheMoon [43]
3 years ago
10

Slotnick Chemical received $280,000 from customers as deposits on returnable containers during 2021. Fifteen percent of the cont

ainers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits
Business
1 answer:
Ksivusya [100]3 years ago
3 0

Answer:

$7,000

Explanation:

The computation of the profit that should realize on the forfeited deposits is given below:

Deposited forfeited is

= $280,000 ×15%

= $42,000

Now the cost of the discount forfeited is

= $42,000 ÷ (100 + 20%$)

= $35,000

So, the profit realized is

= $42,000 - $35,000

= $7,000

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Transland Company has recently tried to improve its analysis for its manufacturing process. Units started into production equale
Maksim231197 [3]

Answer:

Materials cost per unit is $13.40

Explanation:

Equivalent Unit of Material = (3,200-1,700)*100% + 1,700*100%

Equivalent Unit of Material = 3,200

Materials cost per unit = total materials costs/Equivalent Unit of Material

Materials cost per unit = 42,880/3,200

Materials cost per unit = $ 13.40

6 0
4 years ago
When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin
ICE Princess25 [194]
B. False 
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.
3 0
3 years ago
Example of direct cost
vichka [17]

Answer:

Direct labor.

Direct materials.

Manufacturing supplies.

Wages for the production staff.

Fuel or power consumption.

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7 0
3 years ago
5. One-year interest rates are 2% in the U.S. and 5% in Canada. “Jackie the carry trader” borrows $3,000,000 to execute a carry
pogonyaev

A)

  • Firstly convert $3000000 into CAD

          So, CAD is 3405221.33938

  • Invest CAD  in Canada 5% for 1 year
  • In t= 1yr realize canadian investment with interest so, CAD  on maturity

        = CAD 3405221.33938 (1+ 0.05)

        = CAD 3575482.40634

  • Again now convert CAD into US $ so, equivalent  US $ realised on conversion = CAD 3575482.40634 * $0.865/ CAD

                            = $ 3092792.28148

  • US repayment = $ 3000000*(1+ 0.02)

                                  = $ 3060000

That's why,

Profit over the year = $3092792.28148- $3060000

                                  = $32792.28148

B) doesn't depreciates relative to USD

C) appreciates relative to Canadian dollar

D) BEEX = US$ borrowings to be repaid with interest/ CAD realized with interest on maturity

               = $3060000/ CAD 3575482.40634

               = 0.8558

Learn more about this-

brainly.com/question/3729664

#SPJ10

7 0
2 years ago
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,00
Agata [3.3K]

Answer:

14.7%

Explanation:

The computation of return on investment is shown below:

Return on Investment = Net Income ÷ Average total assets × 100

where,

Net Income is

= Sales - Cost of goods sold - Operating expense  

= $4,525,000 - $2,550,000 - $1,372,000

= $603,000

And,

Average total assets = $4,100,000

So,

Return on Investment is

= $603,000 ÷ $4,100,000 × 100

= 14.7%

3 0
3 years ago
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