30% off. 14,200 multiplied by 0.7 equals 9,940. 1.0 - 0.7 = 0.3
As the president of the company, at a time when the prices are said to be rising, what is would do is to choose the Weighted average cost.
<h3>Why I would have to choose the Weighted average cost</h3>
This due to the fact that it is going to be more satisfactory to have the lower Bonus bill.
The year end bonus is an amount that is calculated from all of the net income from the year.
A lower net income is only going going to help to bring about a smaller bonus bill.
At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.
Read more on FIFO here: brainly.com/question/12883706
A ''contract'' is a legally-binding agreement between two or more parties.
Days of sales outstanding = 40.29 days
365 x Account receivable/Net sales
= 365 × 3400/30800 = 40.29 days
Net sales is the sum of a company's gross sales minus returns, rebates, and rebates. Calculating net sales is not always transparent to the outside world.
Gross sales do not include deductions, but net sales include all expenses incurred during the sales process.
In business and accounting, net income is a company's income less the cost of sales, expenses, depreciation, interest, and taxes for the accounting period.
Learn more about Net sales here: brainly.com/question/25623677
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Answer:
1. The firm does not have excess capacity.
Minimum transfer price on full capacity = Variable Cost + Contribution to be Lost
Minimum transfer price on full capacity = $360 + ($600 - $360)
Minimum transfer price on full capacity = $360 + $240
Minimum transfer price on full capacity = $600
Transfer Price = $600 per Unit (Market price per unit).
2. The firm does have excess capacity. Minimum transfer price on excess capacity = $360 per Unit (Standard Variable Manufacturing cost per unit).
