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3 years ago

18th-century economist adam smith illustrated improvements in efficiency in manufacturing units through the application of:

1 answer:

8 0

What Adam Smith illustrated in improvement of efficiency in manufacturing units is through the application of specialization. Specialization is a way of providing better service and means of focusing production in a greater degree that could be of benefit for both consumers and producers.

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Yared plc assembles and sells bicycles in bahir dar city. the company expects to sale 400 bicycles for br. 600 each in 2015. the

enot [183]

a. The number of units to be sold for Yared Plc to break-even is 250 units.

b. The number of units to be sold to earn a target operating income of br. 90,000 is 700 units.

c. The sales amount for Yared Plc to earn a target net income of br. 63,000 is 700 units.

Data and Calculations:

Sales units of bicycles = 400 units

Selling price per unit = br. 600

Total variable costs = br. 160,000

Unit variable cost = br. 400 (br. 160,000/400)

Contribution margin per unit = br. 200 (br. 600 - br. 400)

Fixed costs = br. 50,000

Tax rate = 30%

Net income = income after tax

= 1 - 30%

= 70%

a. The number of units to be sold for Yared Plc to break-even is given by Fixed Costs/Contribution margin per unit

= br. 50,000/br. 200

= 250 units.

b. The number of units to be sold to earn a target operating income of br. 90,000 is given as (Fixed Costs + Target Profit)/Contribution margin per unit

= (br. 50,000 + br. 90,000)/br. 200

= br. 140,000/br. 200

= 700 units.

c. The sales amount for Yared Plc to earn a target net income of br. 63,000 is (br. 50,000 + br. 63,000/(1 - 30%)/br. 200

= (br. 50,000 + br. 90,000)/br. 200

= br. 140,000/br. 200

= 700 units.

Learn more about contribution margin and target profit here: brainly.com/question/25638811

3 0

2 years ago

The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing over

alexgriva [62]

The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020

Calculation to determine the total variable costing income statement

Using this formula

Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales

Let plug in the formula

Variable costing income statement($140 + $19) x 780 quilts sold

Variable costing income statement=$159×780 quilts sold

Variable costing income statement=$124,020

Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.

Learn more here:

brainly.com/question/13214374

4 0

2 years ago

Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealth

irga5000 [103]

Answer:

Yes.

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract. Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

3 0

2 years ago

My answer b am I right

pychu [463]

Yes, you are correct :)

5 0

2 years ago

Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc

Bond [772]

Answer:

Debit retained earnings for $15.30 million.

Explanation:

As per the data given in the question,

Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend

In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend

which means 30 million × 1% = 0.30 million shares issued

Retained earning = (0.30 million × $51)

= $15.30 million

To common stock A/c = (0.30 × $1) = $0.30 million

To capital paid in access A/c = (0.30 million × ($51-$1)) = $15.00 million

( Being stock dividend was issued at 1% )

Hence, Option (d) Debit retained earning for $15.30 million is correct.

8 0

2 years ago