Answer:
A. Blue Ace Autos is less efficient than Ferdova Autos in producing goods.
Explanation:
The cost/ revenue ratio of Ferdova Autos is lower than that of Blue Ace, this indicates that for Ferdova Autos ,either revenue is higher or cost is lower than that of Blue Autos.
For example, let us imagine that the revenue of both companies is $60 million and th cost of production for Ferdova Autos is $32.52 (0.542 × 60 million ) million and that of the other company is $38.04 million (0.634 × 60).
We can see that Ferdova Autos spends less to generate the same amount of revenue. This means that Ferdova Autos is more efficient in production when compared with blue autos.
I hope my answer helps you
Answer:
60.28%
Explanation:
The selling price per chair = $179.49
buying price per chair = $87.49
the overhead rate is 28%
Actual overheard = 28% x $87.49
=28/100 x 87.49
=0.28 x 87.49
=$24.4972
total cost price per chair = $87.49 + $24.4972
=$111.98
profit per chair
= $179.49 - $111.98
=67.51
Profitability rate = 67.51/111.98 x 100
=60.28%
The intended audience for the memo is <u><em>all company employees</em></u>. The tone of the memo should be <em><u>formal</u></em>. Finally, the purpose of the memo is <u><em>to make sure employees understand and follow the updated dress code</em></u>.
Answer:
a. Change in Cash that occurred during 2019:
Cash outflow $27,000
Cash inflow = $13,000
Net outflow = $14,000
b. Statement of Cash Flows for the year ended December 31, 2019:
Investing activities:
Sale of Equipment $13,000
Financing activities:
Payment of dividends ($27,000)
Net cash outflow = $14,000
Explanation:
a) Data and Calculations:
Cash dividends paid during 2019 = $27,000
Patent purchased = $80,000
Land sold in exchange of patent = $80,000
Sale of equipment = $13,000
Sales of Bonds Payable = Cost of Building Improvements
Answer: option A is the correct option.
Cash price = 106.00
Explanation:
Cash price = quoted price + accrued interest
CP = Qp + I ..........................(1)
Quoted price = 105
Accrued interest = ?
STEP1 : FIND INTEREST;
Because the interest is not compounded
Accrued Interest = PRT ..........(2)
P= principal ( the face value)
R = rate per annum
T= period
P= 100
Since the period of payment of the face value was from April 1 to October 1 that means the period is 180 days, that means the 12% rate per annum (360 days), should be 6% rate per halve annum (180 days).
Therefore;
R = 6%
Since rate is applied every 30 days of the period which is 30/360 for an annum. Our period is 180 that's means rate will be applied to 30/180.
Therefore;
T = 30/180
Therefore using equation 2
I = 100 × 6% × (30/180) = 1.00
Accrued interest= 1.00
STEP 2: FIND CASH PRICE
using equation 1
Cash price = 105 + 1.00 = 106.00
