T or F #9 LAST ONE QUICKLYYY

Waterway Industries buys a delivery van with a list price of $60000. The dealer grants a 13% reduction in list price and an addi

krek1111 [17]

Answer:

Cost of the VAN $53.298‬

Explanation:

We have to enter the van as the cost for a cash purchase and all other neccesary cost to get the van ready for use and in company's possesion.

The financing cost (interest) should be excluded as are not part of the cost the company can chose to take them or not.

list x reduction = invoice

invoice less discount = cash price

60,000 x (1 - 0.13) x (1 - 0.01) = 51.678‬

to this, we add up the sales tax and the extra cost for the device

51,678 + 860 + 760 = 53.298‬

5 0

3 years ago

Sanborn Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.

Nana76 [90]

Answer:

d) 34.17

Explanation:

we must first calculate the total overhead expenses = $120,000 (ordering and receiving) + $297,000 (machine setup) + $1,500,000 (machining) + $1,200,000 (assembly parts) + $300,000 (inspection) = $3,417,000

since overhead is applied based on direct labor hours, then the predetermined overhead rate = total overhead expenses / total direct labor hours = $3,417,000 / 100,000 labor hours = $34.17 per labor hour

8 0

3 years ago

Dia is a computer engineer in a small company. She notices that the company does not have its own website and realizes that the

rodikova [14]

Answer:

The answer is incubation process of creativity

Explanation:

This example shows an individual in the stage of the creative process called incubation. Because it is related to her intuition and insights about what she knows and intents to her presentation.

8 0

3 years ago

______ segmentation delves into how consumers actually describe themselves

andrezito [222]

Psychographic, Segmentation is a method that delves into how consumers actually describe themselves, their attitudes, interests and activities.

3 0

3 years ago

Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.

Dafna1 [17]

Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

Using this formula

First step is to calculate the contribution margin per unit using this formula

Contribution margin per unit= Contribution margin ÷ Number of units

Let plug in the formula

Contribution margin per unit= $48,000 ÷ 4,000 units

Contribution margin per unit= $12

Second step is to calculate the contribution margin

Contribution margin = 3,500 units × $12

Contribution margin = $42,000

Now let calculate the net operating income using this formula

Net operating income = Sales - Variable cost - Fixed expenses

Let plug in the formula

Net operating income= $42,000 - $41,700

Net operating income= $300

Therefore its net operating income should be closest to $300

8 0

2 years ago