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Leno4ka [110]
3 years ago
11

Define return economics.​

Business
1 answer:
lianna [129]3 years ago
4 0

Answer:

also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.

Explanation:

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Chuck Wagon Grills, Inc., makes a single product—a handmade specialty barbecue grill that it sells for $215. Data for last year’
Stella [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Selling price= $215

Units in beginning inventory 0

Units produced 9,800

Units sold 9,300

Units in ending inventory 500

Variable costs per unit:

Direct materials $ 61

Direct labor 33

Variable manufacturing overhead 10

Variable selling and administrative 15

Total variable cost per unit $ 119

Fixed costs:

Fixed manufacturing overhead $ 274,400

Fixed selling and administrative 510,000

Total fixed costs $ 784,400

Absorption costing includes fixed manufacturing overhead in the cost per unit.

A) Unitary fixed manufacturing overhead= 274,400/9800 units= $28

Unitary cost= Direct materials + Direct labor + Variable manufacturing overhead + fixed manufacturing overhead

Unitary cost= 61 + 33 + 10 + 28= $132

B) Income statement:

Sales= 9300*215= $1,999,500

COGS= 132*9300=$1,227,600

Gross profit= $771,900

Total selling and administrative expense= 510,000 + 15*9300= 649,500

Net operating income= $122,400

4 0
3 years ago
On March 10, 2015, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $ 35 per share. Management recorded it in the avail
sergey [27]

The journal entries that are required by the facts presented in the given case are:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Given that on March 10, 2015, Dearden, Inc. purchased 15,000 shares of Jaffa stock for $ 35 per share and Dearden sold all of the Jaffa stock on September 12,2018 , at a price of $ 30 per share.

We are required to pass the journal entries for the given transactions.

Journal is a book in which the transactions are recording for the first time in the company's books of accounts.

The journal entries are as under:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Hence the journal entries in the books of accounts in Dearden Inc. are: 1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Learn more about journal at brainly.com/question/14279491

#SPJ4

3 0
1 year ago
In situation with high risk,credit might create further problems for the borrower.explain.​
rewona [7]

Answer:

Yes, In situation of high risk credit will create more problem due to bankruptcy.

Explanation:

I Think if business will buy more credit in times of high risk then business will end up in stage of bankcruptcy because in that situation business will making poor profits and no revenue so it won't be able to pay back debt.

3 0
3 years ago
Riverrocks realizes that it will have to raise the financing for the acquisition of raft adventures by issuing new debt and equi
Juliette [100K]

Its a pretty hard question but still u can someone else

7 0
3 years ago
Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each
scoray [572]

Answer:

$3,445

Explanation:

Starlight Company has inventory of 8 units at a cost of $200 each on October 1.

On October 2, it purchased 20 units at $205 each.

11 units are sold on October 4.

Using the LIFO perpetual inventory method, the value of inventory after the October 4 sale will be:

Date   Particulars                    Unit   Cost  Balance

Oct 1  Beginning inventory     8     $200

Oct 2 Purchases                   20    $205    28

Oct 4 Sales                             11     $205    17

The 17 units are made up of the balance of 9 from the purchases on Oct 2, and the 8 units of opening inventory.

Hence the value of inventory after the sale is (9 x $205) + (8 x $200) = $3,445

- $3,485.- $3,445.- $3,500.- $3,472.- $3,461.

4 0
3 years ago
Read 2 more answers
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