Answer:
Effect on income= $6,000 increase
Explanation:
Giving the following information:
Unitary variable cost= $28
Selling price= $30
Number of units= 3,000
<u>Because it is a special offer and there is unused capacity, we will not take into account the allocated fixed costs.</u>
Effect on income= 3,000*(30 - 28)
Effect on income= $6,000 increase
Answer and Explanation:
Checking accounts.
Bank pays interest on savings account, certificate of deposits and checking accounts. These pay may vary but are paid by the bank to their client. Percent of interest is set by the central bank or the state bank of the country.
Answer:
Current yield=5.74%
Explanation:
Calculation for the current yield for these bonds
Current yield = (.055× $2,000)/$1,917.12
Current yield =$110/$1,917.12
Current yield=0.0574*100
Current yield=5.74%
Therefore the current yield for these bonds will be 5.74%
Answer:
Product Costs: (a), (e) and (f).
Period Costs: (b), (c) and (d).
Explanation:
The difference between the two types of costs is that product costs are recorded within the inventory asset, since they affect the products. While the period costs are expenses that are recorded in the income statement without affecting inventory costs.
The product costs (Inventory Costs) are:
(a) Manufacturing overhead
(e) Direct labor
(f) Direct materials
The costs of the period (Expenses) are:
(b) Selling expenses.
(c) Administrative expenses
(d) Advertising expenses
Hope this helps!
