Answer:
Which product would result in the highest contribution margin - Product Beta
Explanation:
Here is a situation where production is limited by a particular resource - Labor Hours.
To determine which product to manufacture, Sam has to rank the Contribution per unit of the limiting factor - labor of Product Alpha and Product Beta
Contribution per limiting factor are already calculated as:
Product Alpha - $750 per unit of limited resource
Product Beta - $975 per unit of limited resource
The Product with Highest Contribution per limiting factor results in highest contribution margin and must be worked on first
Answer:
d. Assets understated by $670.000, liabilities understated by $234,500 and shareholders' equity understated by $435,500
Explanation:
Assets in Inventory will be understated by $670.000, this will also understate the tax payable to authorities by $234,500 because profits will be understated and equity will be understated by $435,500.
Answer:
<em><u>Decrease:</u></em>
a)advertising expense
c) Insurance expense
d) Salaries & Wages Expense
g) Utilities Expens
<em><u>Descrease:</u></em>
e) Dividends
<em><u>Increase:</u></em>
b)Service revenue
f) Rent revenue
Explanation:
The retained earnings accumulates the net income of every year.
As net income is determinate like:
revenues - expense = gross profit
expense will make this difference lower and therefore not beign able to help you These are the changes for:
adv expense
service revenue
insurance exepense salaries and wages
Dividends will also decrease RE as they represent a disribution of the accumualted earnings in favor of the stockholders
Finally revenues increase it as they make net income to increase as well.
They have proven that their food is safe to eat. People have eaten there and even recommended it, so you know someone trusts it.
Answer and Explanation:
The Journal entry is shown below:-
October 1
Cash Dividends Dr, $335,000
To Cash Dividends Payable $335,000
(Being a cash dividend is recorded)
November 7
No Journal entry is required
December 15
Cash Dividends Payable Dr, $335000
To Cash $335,000
(Being a cash dividend is recorded)
