Answer:
total long term debt: 24,000,000
Explanation:
the 1988 bonds will be long-term debt as there is no suggestion to the option to be exercised.
The 1978 bonds will be current liabilities as they matures at 2012
which is within the twelve months time period to be classified as current laibily.
the note payable has an agreement with the bank to not claim it at least until June 2012 The most probable reason is that the 1978 bonds are generating this situation, so once they are retired the normal 2 to 1 ratio will be acomplished, so the note payable will be kept at long term debt
but a note tothe financial statemtn should be made
Long term debt:
1988 bonds: 10,000,000
note payable 14,000,000
total 24,000,000
Answer: Option (E)
Explanation:
Supply chain management is referred to as or known as broad/wide range of activities which are required in order to control, plan, and execute a commodity's flow, i.e. from the primary stage of acquiring raw material and thus production to the final stage of distribution to consumer, in most streamlined, efficient and effective way that is possible.
In other words it encompasses or encloses integrated execution and planning of a procedure which is required in order to optimize flow of the material, financial capital and information in areas which include sourcing, demand planning, production, storage and inventory management, logistics and also the return of defective products.
One of the most effective ways is to simply monitor them. If youre constantly watching they will be constantly working. Another good way is to have one on one conversations if youre running a small business and based on the last time you talked, you can ask how much more they have got done and analyze the time and amount of work finished. Hope this helps!
Answer:
Incremental profit $4,000
Explanation:
Calculation to determine If the order is accepted, incremental profit (loss) will be
Using this formula
Incremental profit (loss)=(Special order units*unit price)- [Special order units*(Variable cost +Additional freight costs)]
Let plug in the formula
Incremental profit (loss)=(2000* $54) - [2000*($50+$2)]
Incremental profit (loss)=$108,000-(2,000*$52)
Incremental profit (loss)=$108,000 - $104,000
Incremental profit (loss)=$4,000
Therefore If the order is accepted, incremental profit will be $4,000
Answer:
Gross Profit $23720
Gross profit percentage 39.323%
Explanation:
The discounts allowed are subtracted from the sales .Also the sales allowances are deducted in the income statement.
Purrfect Pets
Sales units 6100
Sales Price $10
Sales $ 24000
Less Sales Discounts (2% of 10) *2400 (480)
Sales $ 23520
Add Sales without discount (6100-2400)*10 $37000
Total Sales $ 60520
Less Sales Allowances (200)
Net Sales $ 60320
Less Purchases (6100* 6) $ 36600
Gross Profit $23720
Gross profit percentage= Gross Profit /Sales *100 %
Gross profit percentage= $23720 / $ 60320* 100%= 39.323%
