Answer:
d. account This answer is correct
Explanation:
There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.
The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account
Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount
Answer:
U.S. dollars = 14.012 U.S. dollars
Explanation:
Below is the exchange rate:
0.92777 Canadian dollars = 1 U.S dollars
Thus to find the amount of U.S. dollars bought from the 13 Canadian dollars, just divide the 13 Canadian dollars from 0.92777. Therefore the resulting answer will be the U.S. dollars.
U.S. dollars = 13 / 0.92777
U.S. dollars = 14.012 U.S. dollars
Answer:
18%
Explanation:
In this question, we use the DuPont Analysis which is shown below:
ROE = Profit margin × Total assets turnover × Equity multiplier
ROE = 6% × 2 × 1.5
= 18%
The total assets turnover is shown below:
= Sales ÷ total assets
= $230 million ÷ $115 million
= 2
Simply we apply the ROE formula in which the profit margin is multiplied with the total assets turnover and the equity multiplier
Answer:
the variable overhead efficiency variance is $1,840 unfavorable
Explanation:
The computation of the variable overhead efficiency variance is shown below:
= Standard variable overhead rate × (standard hours - actual hours)
= $4.60 × (10,600 - 11,000)
= $1,840 unfavorable
Hence, the variable overhead efficiency variance is $1,840 unfavorable
As the standard hours would be less than the actual hours so it would be unfavorable variance
Answer:
Type A to produce 44 bags and Type B to produce 16 bags to maximize profit of $440
Explanation:
Let X be the number of bags for Type A and Y be the number of bags for Type B
Cutter Finisher
Type A 2X 1X = $6X
Type B <u> 1Y 2Y = $11Y</u>
104 76
2x+1y= 104
1x+2y=76
y= 104-2x
x+2(104-2x) = 76
x+ 208-4x = 76
132= 3x
x= 44 bags
y= 104-2(44)
y= 16 bags
Type A should produce 44 bags and Type B 16 bags to maximize profit
Maximum Profit = 6X + 11Y
= 6(44) + 11(16)
= $440
