<span>Julie’s nominal wage increase is 10% whereas her real wage increase in only 7% because 3% of her wage increase is negated by the increase in the cost of goods and services reflected by the 3% increase in the CPI.</span>
Answer:
1. $475
2. $950
3. $815
4. $950 per unit
Explanation:
1. If Teslum has a transfer pricing policy that requires transfer at full cost, then,
Transfer price = $475
2. If Teslum has a transfer pricing policy that requires transfer at market price, then,
Transfer price = $950
3. Minimum Transfer price:
= Market price - Selling expense that could be avoided
= $950 - $135
= $815
Maximum transfer price = Market price per unit
= $950 per unit
Explanation:
The Journal Entry from July 1 and July 31 is shown below:-
1. Cash Dr, $560
To Deferred revenue $560
(Being cash is received)
2. Deferred revenue $336
To Sales revenue $336
(Being 12 months sales service is recorded)
3. Cost of goods sold $280
To Inventory $280
(Being cost of goods sold is recorded)
4. Deferred revenue ($336 ÷ 12) $28
To Service revenue $28
(Being Deferred service revenue is recorded)
Working Note:-
Cellular service revenue = offer price ÷ total cost of phone and service × cellular service
= (($560 ÷ ($448 + $672)) × $672
= $336
Answer:
<u>Cheyenne Company</u>
Amount in $ Amount in $
Sales revenue 728,400
Less;
Sales Returns and Allowances 25,320
Sales Discounts 12,380
<u> (37,700)</u>
Net sales <u> 690,700</u>
Explanation:
The revenue section of the income statement shows the computation of the net sales which is the result of the total sales less sales returns, discounts and allowances.
Answer: See explanation
Explanation:
The industry supply curve will be the supply curve given multiplied by the total number of firms. This will be:
P = 50 + 0.1Q
Check: since Q = 100
P = 50 + 10/100Q
P = 50 + 0.1Q
To get the Equilibrium price and quantity, we've to equate the market demand curve and supply. This will be:
Market demand = P = 200 - 0.9Q
Market Supply = P = 50 + 0.1Q
Therefore,
200 - 0.9Q = 50 + 0.1Q
200 - 50 = 0.1Q + 0.9Q
150 = Q
Equilibrium quantity = 150 units
Since P = 50 + 0.1Q
P = 50 + 0.1(150)
P = 50 + 15
P = 65
Equilibrium price is 65.
The units of output that will be produced by a firm operating in this market with a marginal cost function, MC = 130Q will be 2.
