Answer:
a.$92.30
b.27.55%
Explanation:
a. Computation for the contribution margin per pair
Sales 355.00 per pair
Less:Variable cost $262.70 per pair
Contribution margin $92.30 per pair
Therefore the Contribution margin per pair will be $92.30
b. Computation for the contribution margin ratio.
Using this formula
Contribution margin ratio=Contribution margin per unit/Selling price per unit
Where,
Contribution margin per unit =$92.30
Selling price per unit =$335.00
Let plug in the formula
Contribution margin ratio=$92.30/$335.00
Contribution margin ratio =27.55%
Therefore the Contribution margin ratio will be 27.55%
Answer:
b. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000.
Explanation:
In order to record the cost of goods manufactured, once the goods are finished, you add up all the work in process debits. The following journal entry would be:
Dr Finished goods inventory
Cr Work in process inventory (all added up)
In this case, since you are recording labor usage, you must also credit wages or payroll payable (that correspond to the amount of labor used to manufacture the goods).
Answer: The Answer IS A.
Explanation: fail to Intersect
Answer:
The yield to call is 2.24%.
Explanation:
To calculate the yield to call, you can use the following formula:
YTC = (C + (CP - P) / t) / ((CP + P) / 2)
YTC= Yield to call
C= Annual Coupon: 0
CP= Call price of the bond: $509
P= Price of the bond: $455
t= time remaining until call date: 5
YTC= (0+(509-455)/5)/((509+455)/2)
YTC=(54/5)/(964/2)
YTC= 10.8/482
YTC= 0.0224= 2.24%
Corporate dividends are always paid in cash is not true among the given statements.
<u>Explanation:</u>
Corporates dividends are not always paid in cash sometimes they are paid in merchandise or as other assets. Dividends are earnings which corporations distribute to its stockholders and they are charge against the profit which the corporation generated over the specified period.
They are charged on the stock which is owned by all the shareholders/stockholders or other investors. The period which dividends are paid differs from one corporation to another. Some companies pay annually while others opt for quarterly payments or pay after 3 months.
