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bazaltina [42]
2 years ago
6

During the past month, Jennifer Johnson had income of $3,500. During the month, her net worth declined by $300. If no other fina

ncial activities occurred, this means Jennifer's payments for the month were:
Business
1 answer:
Fiesta28 [93]2 years ago
7 0
I think Jennifer’s payment for the month is 3,800
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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units)
Semmy [17]

Answer:

Option A,$257,732 is correct

Explanation:

The computation of income from operations requires that the operating expenses(variable operating expenses and fixed operating expenses) be deducted in the current period as against charging a portion to closing inventory as it is obtainable under the absorption costing method:

Direct materials                                            $180,100

Direct labor                                                   $238,100

Variable factory overhead                            $261,800

Total prime costs                                              $680,000  

Less closing stock(1900*$680,000/18200)    ($70,989)  

Costs of good sold                                            $609,011  

add:operating expenses:

variable operating expenses                            $126,500

Fixed operating expenses                                 $49,900

Fixed factory overhead                                       $97,900

Total expenses                                                     $883,311  

income from operations=sales-total expenses

                                        =$1,141,000-$883,311=$257,689

The $257,689 is closest to option A,$257,732 the difference could be due to rounding error  

           

4 0
3 years ago
Need help contact me!
Oliga [24]

Answer:

you need help in what???

7 0
3 years ago
Read 2 more answers
A suggested project requires initial fixed assets of $227,000, has a life of 4 years, and has no salvage value. Assume depreciat
Nat2105 [25]

Answer:

NPV = -$132,193.77

Explanation:

best case NPV:

price per unit (+4%) = $48.88

sales per year (+4%) = 32,240

variable cost per unit (-2%) = $22.54

fixed costs (-2%) = $826,042

depreciation expense per year = $227,000 / 4 = $56,750

contribution margin per unit = $26.34

23% tax rate

discount rate = 11.5%

initial outlay = $227,000

net cash flows = {[($26.34 x 32,240) - $826,042 - $56,750] x 77%} + $56,750 = $30,885.392

NPV = -$132,193.77

5 0
2 years ago
An analyst is evaluating two​ companies, A and B. Company A has a debt ratio of​ 50% and Company B has a debt ratio of​ 25%. In
Sidana [21]

Answer:

C) Company B has a higher operating return on assets than Company A, but Company A has a higher return on equity than Company B.

Explanation:

The B company has a minor debt ratio compared with company A. Which according to the following formula, permits to conclude it has a higher operating return.

Return on equity = Debt Ratio - Total Liabilities / Total Assets.

8 0
3 years ago
Cosmos company on july 15 sells merchandise on account to cajon co. for $6,000, terms 2/10, n/30. on july 20 cajon co. returns m
faust18 [17]
On July 15, there is pending 6000 on the cash account.

Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.

Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
8 0
3 years ago
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