Answer:
Liabilities = 331,100
Explanation:
Using the accounting equation we can solve for liabilities
assets = liabilities + equity
<u>We have to solve for Equity first:</u>
SE 13,500
net income 10,000
dividends (3,500)
Total Equity 20,000
assets 351,100
Next we post this know value on the formula and solve for liab:
Assets = Liablities + Equity
351,100 = Liab + 20,000
351,100 - 20,000 = Liab
Liabilities = 331,100
Answer:
contribution margin per unit is $63
Explanation:
Data was missing in the question, the original question has following Information
Rosenthal Company makes and sells products with variable costs of $24 each. Rosenthal incurs annual fixed costs of $315,000. The current sales price is $87.
Sales price = $87 / unit
Variable Cost = $24 / unit
Contribution Margin = Sales Price - Variable Cost
Contribution Margin = $87 - $24
Contribution Margin = $63 / unit
Answer:
45.60
Explanation:
the policy indicates that 30% of the production of the following month is the desired inventory at the end of the current month.
For the end of April, the projected units for the following month, 38,000 units, which require 4 pounds each.
38,000 x 4 = 152,000 pounds needed in May.
Inventory at the end of April 30% x 152,000 = 45600 Pounds
The use of long-term savings to earn a financial reward is called 12 years.
Answer:
cost accounting system
Explanation:
The system that is being described is known as a cost accounting system. This system is mainly used by firms in order to estimate the cost of their various products in order to use the information to analyze their profitability as well as their inventory valuation and cost control, all of which are vital to the company's profitable operations when dealing with accounting.
