Contribution=Selling Price*Contribution Ratio
=25*.06
=$15
Variable Expense=Sales-Contribution
=25-15
$10
When Selling price=$28
Contribution=$28*.06
=$16.8
Variable Expense=28-16.8
=$11.2
Increase in variable=11.2-10
=$1.2
Answer: These could be categorized as follows :-
Explanation:
a. Accounts receivable = Asset in balance sheet
b. Sales = Revenue in income statement
c. Equipment = Asset in balance sheet
d. Supplies expense = Expense in income statement
e. Cash = Asset in balance sheet
f. Accounts payable = Liability in balance sheet
g. Retained Earnings = Equity in balance sheet
h. Revenue = Revenue in income statement
i. Contributed Capital = Equity in balance sheet
j. .Cost of Goods Sold = Expense in income statement
k. Notes Payable = Liability in balance sheet
l. Selling and Administrative Expenses = Expense in income statement
<span>If the federal reserve sells securities on the open market, purchases of US financial assets by foreigneres will increase which will increase interest rate and appreciate international value of dollar. So my answer would be : increase / increase</span>
Answer:
Gilbert Company's total expected cash disbursements for purchases in the month of August are $45,000.
Explanation:
In August the 75% of July purchases payments and 25 % of August purchases Payments will bedisbursed.
Cash Disbursement of August
August Payment = $15,000
July Payment = $30,000
Total Disbursement = $15,000 + $30,000
Total Disbursement = $45,000
Working:
July payment = $40,000 x 75% = $30,000
August Payment = $60,000 x 25% = $15,000
Answer:
The given system of payment is Piece-rate system.
Explanation:
Piece rate system is the one in which employee is paid according to the per creation he does. Worker is paid by each output he produces irrespective oft he time. This output can be that of a clay pot or a piece of writing.
Oliver pays his workers according to the output they produce. If they produce more than 25 watches, he gives them additional money.
This system is beneficial for both workers and employers. Employers may come up with attractive schemes to pay to employees and they motivated to work more.
