Contract I believe would be the answer
Answer:
Jenkins Manufacturing
Joe should produce using the new equipment.
Explanation:
a) Costs incurred using the old equipment:
Variable costs = $45,000 ($50 x 900)
Fixed costs = $40,000
Total costs = $85,000
Operating Loss = $22,000 ($63,000 - 85,000)
b) Costs incurred using the new equipment:
Variable costs = $22,500 ($25 x 900)
Fixed costs = $60,000
Total costs = $82,500
Operating Loss = $19,500 ($63,000 - 82,500)
Production using the new equipment would reduce the operating loss by $2,500.
Answer:
6:1
Explanation:
Net credit sales is $120,000
Account receivable is $20,000
Cash collection on credit sales is $100,000
.
Therefore the receivables turnover ratio can be calculated as follows
= 120,000/20,000
= 6:1
Hence receivable turnover ratio is 6:1
<u>Answer:</u>
bulk
<u>Explanation:</u>
The Tomatoes are produced in a bulk and the canned products are sent out in batches but the process of moving tomatoes from receiving through packaging and processing is done on a conveyor belt which is a continuous process.
Therefore, the production of tomatoes in a bulk is a continuous process which goes on around the clock on a conveyor belt and the final products are sent out in batches which have their own unique identity number.
Answer:
ending RE 30,000
Explanation:
Using the acounting equation we solve for the beginning RE
<em>Assets = liab + equity</em>
155,000 = 85,600 + 52,400 + Retained Earnings
155,000 - 85,600 - 52,400 = <em>17,000</em>
beginning RE 17,000
net income
revenues 36,000 - 20,000 expenses = 16,000
dividends: 3,000
ending RE: 17,000 + 16,000 - 3,000 = 30,000
