Answer:
1. 11%
2. Yes and it is 6% for the large
3. Entry
4. 5%
Explanation:
Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income
Explanation:
The Cumulative total of the first 8 customers is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00
= $17,355.70
The Cumulative total of the Operating Income is,
= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676
= $16,511.70
Dividing both figures gives,
= 17,355.70 / 16,511.70 * 100
= 1.0511051 * 100
= 105.1105.1%
Option A is therefore correct.
Answer:
It is cheaper to make the part.
Explanation:
Giving the following information:
The cost of producing 40,000 parts is $138,000, which includes fixed costs of $68,000 and variable costs of $70,000. The company can buy the part from an outside supplier for $3.50 per unit and avoid 30% of the fixed costs.
<u>The cost of making the part is $138,000. That will be the cost in the income statement. </u>
We can calculate the effect on income if they buy the part.
Buy:
Selling pirce= 3.5
Savings in fixed costs= (0.3*70,000)= 21,000
Total cost= 3.5*40,000 + 70,000 - 21,000= $189,000
It is cheaper to make the part.
Answer:
a) See the image attached for the sheet of closing entry
b) New balance = (174000-111000-12000) = 51000
Answer:
Excess reserves
Explanation:
Money supply in the economy is regulated by the central bank of Federal Reserve through various methods.
One of them is the use of reserve ratio.
Reserve ratio is the percentage of total deposit in a bank that commercial banks are required to keep aside and not use.
If there is no excess reserves and the Fed lowers required reserve ratio, it means banks will now have more money they can use to service customers.
The excess excess of the reserve can now the used to give out loans
