Answer: C for Joanna and I think A for Josephine
Explanation:
Answer:
Particulars Amount
Sales $955,000
Less: Fixed cost of goods sold $111,000
Less: Variable cost of goods sold <u>$261,000</u>
Gross Profit $583,000
Less: Fixed selling & admin. costs $111,000
Less: Var. selling & admin. costs <u>$136,000</u>
Operating Income <u>$336,000</u>
Answer:
$9,280
Explanation:
The computation of the inventory amount reported in the balance sheet is shown below:
(A) (B) (A × B)
<u>Particulars Quantity Cost per item NRV Lower of Reported</u>
<u> Cost or Market Amount</u>
Item A 80 $87 $102 $87 $6,980
Item B 40 $82 $57 $57 $2,280
Total $9,280
Usually people don't use a burger when participating in discussions.
Answer:
The answer is: $367,000
Explanation:
To determine Pronghorn Corporation's actual return on plan assets we can use the following formula:
return on plan assets = (year-end plan assets - beginning of the year plan assets) - (contribution to the pension fund - benefits paid)
return on plan assets = ($2,035,000 - $1,770,000) - ($116,000 - $218,000)
return on plan assets = $265,000 - (-$102,000) = $265,000 + $102,000
return on plan assets = $367,000