Answer:
4.86%
Explanation:
Given that
Expected sales = $360,000
Break-even sales = $342,500
The computation of the margin of safety is shown below:-
Margin of safety (in percent) = (Expected sales - Break-even sales) ÷ Expected sales
= ($360,000 - $342,500) ÷ $360,000
= $17500 ÷ $360,000
= 4.86%
Therefore, for computing the margin of safety we simply deduct break even sales from expected sales and after result we divide with expected sales.
Explicit costs
Explicit costs are those that are reflected by actual cash flows and are direct payments made to others when running a business. These include payments or costs associated with wage, rent, and materials.
The short-run total cost includes both the variable and the fixed costs associated with the production.
In calculating for accounting profit, only the explicit costs are considered. However, when calculating for economic profit, the implicit costs are also included in the calculations.
Answer:
$375,000
Explanation:
Unadjusted cost of goods sold = Opening stock of finished goods + Cost of goods sold - Closing stock of finished goods
Unadjusted cost of goods sold = $79,000 + $361,600 - $72,000
Unadjusted cost of goods sold = $368,600
The overhead applied is $112,000 and the actual manufacturing overhead is $118,400. As the actual manufacturing overhead is more than the overhead applied, the overhead is under applied as shown below
Under-applied Overhead = Actual manufacturing overhead - Overhead applied
= $118,400 - $112,000
= $6,400
Now, calculation of the adjusted cost of goods sold is as follow
Adjusted cost of goods sold = Unadjusted cost of goods sold + Under-applied Overhead
= $368,600 + $6,400
= $375,000
Thus, the adjusted cost of goods sold is $375,000
Answer:
Basic earnings per share = $1.7
Diluted earnings per share = $1.03
Explanation:
Basic earnings per share = (Net Income - preferred dividends)/Weighted average shares outstanding
Basic earnings per share = (1,060,000-108,000)/560,000
Basic earnings per share = $1.7
Diluted earnings per share = [Net Income - preferred dividend]/(outstanding shares+Diluted Shares)
Diluted earnings per share = (1,060,000-108,000) / (560,000+360,000 )
Diluted earnings per share = $1.03
Answer:
a. Traits approach
Explanation:
It is correct to state that the committee members were operating under the leadership traits approach, which corresponds to the collective perception of an individual's personality through their personal characteristics that are outstanding and that make them stand out among other individuals.
As in the case of Ian, who was perceived by many members as a person with a lively sense of humor, as someone who would do a good job.
