Answer:
Gross profit= 131,500
Explanation:
Giving the following information:
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.
Gross profit= 220,000 - 90,000 + 1,500= 131,500
The best and the most correct answer among the choices provided by the question is the second choice. The production of trucks and cars is best represented by the second graph. I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
30.77%
Explanation:
Assume investment = $1
Assume mount after 24 months = $5
Number of quarters in 24 months = 24/4 = 6
Future value = P*(1+r)^n; Where P is payment, r is interest rate per period, n is number of periods
5000 = 1*(1+i)^6
1*(1+i) = 5^(1/6)
1+i = 1.30766048601
i = 1.30766048601 - 1
i = 0.30766048601
i = 30.77%
So, the rate of return per quarter being offered is 30.77%
Answer:
Unilateral contract
Explanation:
According to the given statement in the question, this is a type of a unilateral contract.
The unilateral contract is a type of contract in which only a single party makes the promises or undertakes the tasks or the responsibilities in return to the task or an act performed by the second party.
Here,
The car dealer is promising the salesperson to give bonus upon the selling of 10 cars by the salesperson.
Answer:
A) $0, no cash paid in 2016, both interest and principal were paid on March 31, 2017.
B) = [($90,000 x 8%) / 12] x 3 months = ($7,200 / 12) x 3 = $600 x 3 = $1,800
C) = $90,000 + $1,800 = $91,800
D) = ($600 x 6 months) + $90,000 = $3,600 + $90,000 = $93,600
E) = $600 x 3 months = $1,800
