Answer:
11,600 miles
Explanation:
Average = (10,000+12,500+8000+14000+13500)/5
Average= 58,000/5
= 11, 6000
An average is the result obtained by adding together several amounts and then dividing this total by the number of amounts.
Answer:
The answer is: 1) II > I > III
Explanation:
<u>Pricing scheme I: $2 million profit</u>
- Price $150,000
- Contribution margin = $150,000 - $50,000 = $100,000
- 35 units sold x $100,000 = $3.5 million
- profit = $3.5 million - $1.5M = $2 million
<u>Pricing scheme II: 2.25 million profit</u>
- Price $200,000
- Contribution margin = $200,000 - $50,000 = $150,000
- 25 units sold x $150,000 = $3.75 million
- profit = $3.75 million - $1.5M = $2.25 million
<u>Pricing scheme III: $1.5 million profit</u>
- Price $250,000
- Contribution margin = $250,000 - $50,000 = $200,000
- 15 units sold x $200,000 = $3 million
- profit = $3 million - $1.5M = $1.5 million
Answer:
Company A
Journal Entries:
Debit Raw materials inventory $96,000
Credit Cash Account $96,000
To record the purchase of raw materials for cash.
Debit Manufacturing Overhead $24,000
Credit Raw materials inventory $24,000
To record the issue of raw materials as factory supplies.
Debit Work in Process $63,300
Credit Raw materials inventory $63,300
To record the issue of raw materials to production.
Explanation:
The journal entries above record the transactions regarding the purchase of raw materials and the uses of the raw materials in production. The entries identify the accounts involved for each transaction and which accounts would be debited or credited.
Answer:
D. The auditor should assess the risks of material mis-statement due to fraud.
Explanation:
At the time of auditor visit in a company the financial statement represent that the company has done the fraud in this scenario, the auditor should analyze the material misstatement risk that is done for fraud
Therefore in the given case, the option D is correct as the auditor responsibility is that he or she should analyze the risk with respect to the false statements presented in the financial statement