Answer:
Kindly find the following transactions of Marchetti Soup Company during the month of June below in the Explanation section
Explanation:
Solution
Transaction Account Title Debit Credit
1. Inventory 165,000
Accounts payable 165,000
2. Salaries expense 40,000
Cash 40,000
3. Accounts receivable 200,000
Sales 200,000
Cost of merchandise sold 120,000
Inventory 120,000
4 Cash 180,000
Accounts receivable 180,000
5 Accounts payable 145,000
Cash 145,000
Answer:
Blue Spruce Corp.
Statement of Comprehensive Income
Income before income taxes $436,000
Less: Income Tax <u>$139,520</u>
($436,000 * 32%)
Net Income $296,480
Other comprehensive income (loss):
Unrealized gain on available-for-sale <u>$58,140</u>
securities, net of tax ($85500*68%)
Total Comprehensive Income <u>$354,620</u>
Answer:
$50,820
Explanation:
Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense
= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit
Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit
Selling price per unit for special order = $77.40 per unit
Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit
Number of units for Special order = 2,100 units
Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820
Hope this helps!
True Two industries that have the same four-firm concentration ratio can have significantly different Herfindahl indexes.
What is Herfindahl indexes?
The Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently used before to and after merger and acquisition (M&A) deals to assess market competitiveness.
The index gauges a company's size in relation to the size of the industry it operates in as well as its level of competition. The market share of each company that competes in a market is squared, and the resulting values are then added to determine the HHI. Its values can range from almost 0 to 10,000, with lower numbers denoting a less crowded market.
A widely used indicator of market concentration is the HHI. It is determined by squaring the market share of each company that is engaged in market competition and then adding the resulting figures.
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Answer:
A court will most likely;
1. Allows the parties to rescind the contract.
Explanation:
The contract includes all the costs of insuring and shipping the painting from France to New York.
Since, the agent that made the shipping estimate makes a mistake when adding up the costs and, as a result, the shipping cost listed in the contract is $1,000 less than the actual shipping costs. A court will most likely allow the parties to rescind the contract because a part of the contract agreement has been breached in error.
