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Pie
3 years ago
14

Randy is a minor-league baseball player. His current cumulative batting average is 0.270. Randy believes that if he can raise hi

s cumulative batting average to 0.300, he will have a chance to play in the major leagues. Which of the following statements is correct?
Business
1 answer:
Jlenok [28]3 years ago
3 0

The correct answer to this open question is the following.

Randy is a minor-league baseball player. His current cumulative batting average is 0.270. Randy believes that if he can raise his cumulative batting average to 0.300, he will have a chance to play in the major leagues. The correct statement is "Randy must get more than 30 hits out of his next 100 at bats in order to raise his cumulative batting average to 0.300.

What Randy must do is to improve his batting efficiency if he wants to get a good shot at Major Leagues. If he wants to get a 0.300 average, then we have to get the right percentage operation to know the exact number he needs to have. So for every 100 turns at batting, he needs a minimum of 30 hits to get the correct percentage.

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On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost
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Answer:

1. Debit Revenue: $600

Credit Account receivable: $600

2. Debit Merchandise: $350

Credit Cost of good sold: $350

Explanation:

On March 12, when sold merchandise to Babson Company, Klien Company must record their revenue and cost of the marchandise by 2 entries:

1. Debit Account receivable: $7,800

Credit Revenue: $7,800

2. Debit Cost of good sold: $4,500

Credit Merchandise: $4,500

On March 15, when received return marchandise, Klein must record to reduce their revenue and cost of good sale by 2 entries as the answer. This is matching concept in accounting.

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2 years ago
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Which type of financial institution typically has membership requirements? AOnline Commercial Bank BCommercial Bank CFederal Res
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At January 1, Year 1, under its restricted stock unit (RSU) plan, Label Corporation grants RSUs representing 10,000 of its $1 pa
slamgirl [31]

Answer:

The number of shares that will be added to the denominator of diluted EPS for Year 1 is 6,000 shares

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Per year expenses = (Number of shares × price per share) ÷ (Vesting period)

= (10,000 shares × $10) ÷ (5 years)

= $20,000

The remaining expenses  after one year would be equal to

= Total expenses - annual expenses

= $100,000 - $20,000

= $80,000

Now the repurchased shares would be

= (Remaining expenses) ÷ (average market price)

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4 0
2 years ago
Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will
OlgaM077 [116]

Answer:

Differential income from the special order= $127,000

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A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are  

I Incremental Revenue from the special order  

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

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Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

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