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enot [183]
3 years ago
5

Using the variable cost method, determine the selling price (rounded to the nearest dollar) for 30,000 units using the following

data:
Variable cost per unit $15
Total fixed costs $90,000
Desired profit $150,000
a. $23
b. $10
c. $8
d. $15
Business
1 answer:
Brilliant_brown [7]3 years ago
7 0

Answer:

c. $8

Explanation:

Calculation to determine the selling price

First step is to calculate the Markup percent

Markup percent= (90,000 + 150,000) / (30,000 x 15)

Markup percent = .533

Now let calculate the selling price

Selling price=533 x $15 per unit

Selling price= $8

Therefore the Selling price will be $8

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Why had farming become unprofitable during this period?
vivado [14]
If you are referring to the unprofitable farming that occurred during the period of populism, then the answer is that it became unprofitable because the crops were producing surpluses and the prices started dropping heavily.
8 0
3 years ago
Midori Company had ending inventory at end-of-year prices of $138,500 at December 31, 2013; $165,771 at December 31, 2014; and $
alukav5142 [94]

Answer:

Ending Inventory

2013 $138,500

2014 $147,766

2015 $156,026

Explanation:

Ending Inventory for 2013 is $138,500  as per given.

Ending Inventory for 2014

Ending Inventory of 2013                 $138,500

($138,500 x 1.00)

Add: $8,200* x 1.13                            $9,266

Total                                                   $147,766

Here,

$165,771 ÷ 1.13= $146,700

$146,700 – $138,500 = $8,200

Ending Inventory for 2015

Ending Inventory or 2013                  $138,500  

($138,500 x 1.00)  

Add:   $8,200 x 1.13               9,266

          $7,000** x 1.18                8,260

Total                                             $156,026

Here,

$153,700 – $146,700 = $7,000

Ending inventory for 2013 was already given in the question which is also the beginning inventory of 2014. The ending inventory of 2014 was already given in the question. So, what we need to do is calculating how the beginning inventory follows the ending inventory. There were changes of price indexes which is led the beginning inventory to the ending inventory as par given. The same thing goes for the ending inventory of 2015.

3 0
3 years ago
Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $43,000 per year forever.
evablogger [386]

Answer:

rate = 6.3235%

At a market rate of 6.3235% this will be  a fair deal

Explanation:

under perpetuities the principal is never redeem. the investor receive cash payment for an indefinite period of time

This means:

perpetuities  present value = C/r

where:

C= annual payment

r= rate

680,000 = 43,000/rate

43,000/680,000 = rate

0.06323529 = rate

rate = 6.3235%

5 0
2 years ago
During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
vredina [299]

Answer:

Account Receivables 1,736 debit

   Sales Revenue             1,600 credit

   sales tax payable            136 credit

Explanation:

The company will charge to the 1,600 sale the sales tax :

1,600 x (0.06 state + 0.025 local) = 136

the salestax is levied in the consumer not the firm thus it is not an expense the company is just an intermediary between the government and the consumer.

3 0
3 years ago
If a firm accepts less than all of its prospective projects with positive NPVs when evaluated at their own risk-adjusted costs o
gtnhenbr [62]

Answer: True

Explanation:

  Yes, the given statement is true that the employing capital rationing is one of the process in which it placing some restriction on the investment amount of the project in an organization.

 In the capital rationing strategy, if the company accepts less amount from all its prospective projects along with some positive net profit value (NPVs) the it is evaluated on the basis of their own risk.

 The employ capital rationing helps in making various types of decisions related to investment for the company and in this system only limited projects are taken due to the limitation of the resources.  

 Therefore, The given statement is true.

3 0
3 years ago
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