Answer: A - saver or as a supplier of funds
Explanation: From the above question, Monika is a saver because her income exceeds her expenses.
In this case she saves more on a regular basis because she controls her expenses and would not allow her expenses to be more than her income.
Going further, she is also a supplier of funds as her excess funds kept in the bank is a source of funds for the bank to loan out to generate interest.
Answer:
c) periodic tenancy
Explanation:
A periodic tenancy continues for successive periods until the tenant gives the landlord notification that he or she wants to terminate the tenancy. Such a tenancy may not define the duration of the tenancy and may be expressly stated or implied. Brian's situation describes a periodic tenancy.
Answer:
$45,400.
Explanation:
The cost for the year will be the sum of the three main cost component:
the direct materials added
the factory overhead applied
and the direct labor cost
<em>Cost Incurred during the year:</em>
direct materials 12,800
factory overhead 5,800
Direct labor 26,800
<u>Total cost added (or ncurred) during the month: 45,400</u>
Beginning WIP 50,600
Total cost to be accounted for 96,000
Ending WIP (37,300)
Cost of goods transferred out 58,700
Answer:
$.5
Explanation:
Net Income $200,000
Shares outstanding from Jan 1-June 30 450,000*6/12=225,000
Shares outstanding from Jul 1-December 31 (450,000-100,000)*6/12=175,000
Weighted average shares outstanding (225,000+175,000)=400,000
Basic EPS=Net income-preferred stocks dividend (if any)/Weighted Average shares outstanding=$200,000/400,000=$.5
Answer:
b. 11,338 units
Explanation:
The computation of the amount of sales in units is shown below:
Let us assume the amount of sales in units is X
So, the equation is
Profit = Sales - Variable Expenses - Fixed Cost
where,
Profit = $217,000
Sales = $238 × X
Variable expense = $105 × X
And, the fixed cost is $1,291,000
So, the sales in units is
$217,000 = $238 × X - $105 × X - $1,291,000
$1,508,000 = $238 × X - $105 × X
$1,508,000 = $133 × X
So, the X = 11,338 units
