Answer:
The correct answer is option C
When inflation is constant for an extended period of time,
C. People will correctly anticipate the actual inflation rate, and the actual rate of unemployment will approach the natural rate of unemployment.
<span>The correct answer is d. management does not own a large share of firm stock and pursues its own interests rather than those of shareholders.When management pursues its own interests, there is a conflict with the interest of the shareholders who hired the management in the first place.</span>
Answer: $317,400
Explanation: The first step is to calculate the sales value
Sales = Unit sold × Price per unit
11500 × $77.00 = $885,500
calculation Total variable cost
i. Variable production cost = Units × variable production cost per unit
11500 × $39.70 = $456,550
ii. Variable selling and administrative cost = unit × variable selling and administrative cost per unit
11500 × $9.70 = $111,550
Total variable cost = Variable production cost + variable selling and administrative cost
Total variable cost = $456,550 + $111,550
= $568,100
Calculation of contribution margin
Contribution margin = Sales - total variable cost
= $885,500- $568,100
= $317,400
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⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⠉⢀⠛⠳⢾⣷⣾⣿⣹⣿⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢧
⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢹⣿⣿⣇⢻⡀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⢀⠘⡆</span>
A test balance is used to detect any calculation error that may have occurred within the accounting system. For this, it is sought to verify if the total debits and the total credits are equal, for this the balance of all accounting books is compiled in column totals of both debit and credit. A company usually prepares a trial balance periodically, usually at the end of each reporting period.
In this case, to carry out the trial balance, you must first clarify the name of the company, the title of the trial balance and the date on which the trial balance is prepared, then proceed to list the ledger accounts and enter the debit and credit balances in the respective columns, then the columns are totalized and finally it is verified that the credit totals are equal to the debit totals
Answer
The correct order of the steps is (3), (2), (4) and (1)
