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3 years ago

5

When Volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to ________. A) segment the market

B) provide a service C) enter a new market D) develop brand loyalty E) position its brand

1 answer:

kaheart [24]3 years ago

4 0

D! Hope this helps out!

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True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co

Oliga [24]

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

6 0

3 years ago

Lucci Inc. is a retailing firm specializing in high-end merchandise. Each of Lucci's stores uses the retail inventory method by

ludmilkaskok [199]

Answer:

1 Line item description Cost Retail

2 Beginning inventory 40000 360000

3 Purchases 1000000 10000000

4 Transportation in 50000

5 Purchase returns -20000 -196000

6 Net purchases(3+4+5) 1030000 9804000

7 Net additional markups 800000

8 Cost to retail ratio 1070000 10964000

component(2+6+7)

9 Net markdowns -500000

10 Sales -9800000

11 Ending inventory,retail(8+9+10) 664000

Setup calculation:

Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail

= 1070000/10964000

= 0.097592

= 9.76%

Ending inventory,cost = Ending inventory,retail*Cost to retail ratio

= 664000*9.76%

= $64806

Cost of goods sold = Sales*Cost to retail ratio

= 9800000*9.76%

= $956480

7 0

2 years ago

Trapp Company reported net income of $110,000 for 2019 and paid dividends of $60,000 on November 1, 2019. Grape Company owns 15%

MArishka [77]

Answer:

$9,000

Explanation:

Given that,

Trapp Company reported,

Net income for 2019 = $110,000

Dividends paid on November 1, 2019 = $60,000

Grape Company owns 15% of the common stock of Trapp.

Using a fair-value method,

Therefore,

Income earned by Grape company is as follows:

= 15% of the total amount of dividend paid

= 0.15 × $60,000

= $9,000

6 0

3 years ago

Sunland Company had the following department data: Physical Units Work in process, beginning 0 Completed and transferred out 909

ElenaW [278]

Answer:

Equivalent units of production= 98,700

Explanation:

Giving the following information:

Physical Units Work in process, beginning 0

Completed and transferred out 90,900

Work in process, ending 7,800

Materials are added at the beginning of the process.

<u>To calculate the equivalent units, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 0 + 90,900 + 7,800*1

Equivalent units of production= 98,700

Because the materials are added at the beginning of the process, the percentage of completion is 100%.

4 0

3 years ago

In a new margin account, a customer sells short $60,000 worth of ABC stock and deposits $30,000 to meet the Regulation T require

Sidana [21]

The SMA balance in the account would be 7500.

<h3>What is Special Memorandum Account (SMA)?</h3>

The excess margin from a client's margin account is put into a special memorandum account (SMA), which is a dedicated investment account, improving the client's purchasing power. The SMA, which is often referred to as a "special miscellaneous account," functions effectively as a line of credit.

It's important to distinguish between separately managed accounts, often known as SMAs, and special memorandum accounts.

A short account's market value decreases by $1 for every $1 of SMA to be created. The SMA balance would be $7,500 if the market value decreases by $5,000.

To learn more about SMA visit:

brainly.com/question/17189709

#SPJ4

5 0

1 year ago