Answer:
false cause people they alr on the stock market
False.... The amount of money taken out of a check for taxes depends on how much you're getting paid.
Answer:
It is more convenient to produce the sails in house.
Explanation:
Giving the following information:
Riggs purchases sails at $ 250 each, but the company is considering using the excess capacity to manufacture the sails instead. The manufacturing cost per sail would be $ 100 for direct materials, $ 80 for direct labor, and $ 90 for overhead. The $ 90 overhead includes $ 78,000 of annual fixed overhead that is allocated using normal capacity.
Because there will not be an increase in fixed costs, we will not have them into account.
Variable overhead= 90 - (78,000/1,200)= 25
Unitary variable cost= 100 + 80 + 25= 205
It is more convenient to produce the sails in house.
Answer:
make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.
Explanation:
Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.
In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.
The amount accrued since last interest payment date is calculated.
This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.
Answer:
b. 18,602 units.
Explanation:
First, we need to use last year's information to determine last year's fixed costs.
Price (P1) = $7.68
Variable costs (VC1) = $2.25
Units sold to break-even (n1) = 21,800
At the break-even point, net income is zero and the fixed cost can be found by:
With information from last, information for the current year can be determined:
Price (P2) = $10.00
Variable costs (VC2) = $2.25 x 1.3333 = $3.00
Fixed cost (FC2) = $118,374 x 1.10 = $130,211.4
The number of units required to break even is:
Rounding up to the nearest whole unit, Dorcan Corporation must sell 18,602 units to break-even.
