Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
Answer:
Explanation:
Using Fisher equation <u><em>(Which is estimating the financial mathematics and economics relationship among real interest rates nominal interest rates under inflation.) </em></u>which goes like this
where
Inflation = (1+0.08) / (1+0.06) - 1 = 1.88% (Could be approximated as 2%)
Answer:
A trade deficit.
Explanation:
Given that,
Value of exports = $293 billion
Value of imports = $405 billion
Balance of trade refers to the difference between a country's value of exports and its value of imports for a given time period.
Balance of trade:
= Value of exports - Value of imports
= $293 billion - $405 billion
= -$112 billion
Therefore, this country has a negative trade balance and it is reflected as a trade deficit.
Answer:
A. 23,000 units
Explanation:
The number of units started during November is given by the number of units completed and transferred out during the month (25,000) added to the ending work in process inventory for the month (6,000) and subtracted by the beginning work in process inventory (8,000):
Therefore, the number of units started during November in the department was: A. 23,000 units.
