Answer:
$1,290
Explanation:
The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are
- the cost of goods delivered or service rendered can be measured reliably
- good/services were delivered/rendered in the month
This is irrespective of whether cash was collected or not under the accrual method.
Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized
= 86 * $15
= $1,290
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
<h3>What does the check say?</h3>
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Find out more on retirement contributions at brainly.com/question/6806179.
Answer:
The answer is option (C). The firm's required rate of return=11.95%
Explanation:
The required rate of return can be expressed using the formula below;
RRR=RFR+B(MRR)
where;
RRR=required rate of return
RFR=risk free return
B=beta
MRR=market rate of return
In our case;
RRR=unknown
RFR=4.25%
B=1.4
MRR=5.5%
This can be written as;
Required rate of return=risk free return+(beta×market rate of return)
replacing;
RRR=4.25%+(1.4×5.5)
RRR=(4.25%+7.7)=11.95%
The firm's required rate of return=11.95%
Answer:
Option (D) is correct.
Explanation:
Given that,
Current market price = $7.50
Average variable cost = $8.00
Average total cost = $8.25
It can be seen from the above information that current market price is less than the average variable cost, i.e, $7.50 < $8.00.
Mrs. Smith should shut down its production in the short run as well as in the long run until the point where current market price is greater than or equal to average variable cost.
Answer:
Starfish Enterprises
The reason that is not the cause of the difference in material usage is:
The cost of materials increased from the time of the estimate.
Explanation:
a) Data and Calculations:
Units of materials used for the job = 300 feet
Standard units of materials for similar job = 260 feet
Unit variance = 40 Unfavorable (300 - 260)
b) Material usage variance does not concern with the cost of materials. Since it is stated that the materials price per unit remained the same in both instances, the cost of materials increasing is certainly not a factor for the material usage variance. The variance is caused by the other factors.
