Answer:
Net increase in Capital Assets with amount of USD 38,000/-
This is the presentation of the income statement of
Builtrite in order to compute the net income:
Sales $700,000
Less: COGS $280,000
Gross Profit $420,000
Less: Operating expenses ($700,000 x 25%) $175,000
Dividends
expense $25,000
Capital loss $70,000 $270,000
Total $150,000
Add: Dividend income $40,000
Capital gain $55,000 $95,000
Net income $245,000
Answer:
$21.65
Explanation:
The computation of the standard cost is shown below:
= Material cost + labor cost + factory overhead cost
where,
Material cost = 3 ÷ 4 × $5 per yard
= $3.75
Labor cost = 2 hours × $5.75 = $11.5
And, the factory overhead cost is
= $3.20 × 2 hours
= $6.4
So, the standard cost is
= $3.75 + $11.5 + $6.4
= $21.65
Answer:
D. $155,600
Explanation:
The calculations of the budgeted cash collections are shown below:
= June sales × sale month collection percentage + May sales × following month collection percentage + April sales × second following month collection percentage
= $150,000 × 40% + $160,000 × 56% + $150,000 × 4%
= $60,000 + $89,600 + $6,000
= $155,600
Simply we multiplied the sales with the collection criteria
Demand means the consumers want the product or service. If there is a demand, companies must supply. "supply and demand"
