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xxMikexx [17]
3 years ago
14

North Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2

,391,000. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $303,100. Interest is estimated to be $13,060. Income taxes are estimated to be $220,400.
Required:
Prepare a budgeted multiple-step income statement for the year ending December 31, 2017.
Business
1 answer:
NikAS [45]3 years ago
8 0

Answer:   Sales        2,250,000

Explanation:  

variable cost                      1,250,000

25 x 50,000

Gross Profit                      1,000,000

Fixed Cost

Selling & Administrative    300,000

Operating income         700,000

interest expense

10,000

non- controllable expenses 10,000

non-controllable income   690,000

income taxes                      200,000

net income                        490,000

Explanation:

the interest expense is not part of the operating cost, those cost are not part of the business activity. It is on the non-controllable expenses

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Answer:

takes on the shape of an inverted U so related diversification has the best performance.

Explanation:

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The portfolio variance is given by the equation;

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4 0
3 years ago
In Year 1, the actual budget deficit was $150 billion and the cyclically adjusted deficit was $125 billion. In Year 2, the actua
olasank [31]

Answer:

b.fiscal policy became less expansionary

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4 0
4 years ago
Consternation Corporation has an agreement with its workers to index completely the wage of its employees using the CPI. Conster
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Answer:

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Explanation:

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currently pays = $8 an hour

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to find out

firm should increase the hourly wages of its workers by

solution

we get here first rate that is express as

rate = \frac{CPI*currently\ pay}{time}     ...........1

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4 0
3 years ago
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Molodets [167]

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Therefore Option (2) is correct answer.

       

3 0
4 years ago
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