Answer:
$1,440 per machine
Explanation:
The computation of the cost per machine is shown below:
= Total cost ÷ number of machine completed
where,
Total cost = Material cost + direct labor cost + manufacturing overhead applied cost + beginning work in process cost - ending work in process cost
= $15,000 + $11,000 + $7,000 + $11,000 - $8,000
= $36,000
And, the number of machine completed is 25
So, the cost per machine is
= $36,000 ÷ 25 machines
= $1,440 per machine
Answer:
A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
The following table shows the accounts receivable turnover ratio of MCB and ABI:
Particulars MCB ABI
Net sales $8320 $17400
Average Accounts Receivable $720 $900
Accounts Receivable Turnover rate 11.5 19.3
B)
Day's sale outstanding = Accounts receivable / Total credit sales × 365
The following table shows the days sale outstanding of MCB and ABI:
Particulars MCB ABI
Net sales $8,320 $17,400
Average Accounts Receivable $720 $900
Day's sale outstanding 31.58 18.88
Explanation:
Answer:
19.64%
Explanation:
The return on equity shall be determined through following mentioned formula:
Return on equity=Net profit/Equity
In the given question
Net profit=9.68%*$807,200=$78,136.96
Equity=Assets-Total Debt
=$1,105,100-64%($1,105,100)
=$397,836
Return on Equity=$78,136.96/$397,836
=19.64%
Answer:
differential revenue = $7
so correct option is a.$7
Explanation:
given data
Product A costs = $6
contribution margin = $3
Product B costs = $12
contribution margin = $4
to find out
the differential revenue for this decision
solution
we get here the differential revenue for this decision that is express
so first we get here selling price for both product that is
selling price product A = Product A costs + contribution margin
selling price product A = $6 + $3 = $9
and
selling price product B = $12 + $4 = $16
so now we get differential revenue that is
differential revenue = selling price product B - selling price product A
differential revenue = $16 - $9
differential revenue = $7
so correct option is a.$7
Answer: StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order
Explanation:
The options to the question are:
StatusA A. Send a prospectus to the customer
StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order
StatusC C. Have the branch manager approve the order and then fill the customer's order in the same manner as with any other security
StatusD D. Send the customer a Subscription Agreement to be signed before filling the order.
The correct answer is StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order.
Under the penny stock rule of the Securities exchange commission, when a new customer is being solicited by a registered representative to purchase an over-the-counter stock non-NASDAQ, a detailed statement must be completed by the registered representative on behalf of the customer.
