Answer:
The answers are:
- Seattle´s sales were 34.6% larger than Portland´s
- Portland´s sales were 25.7% smaller than Seattle´s
- Portland´s sales were 74.3% of Seattle´s
Explanation:
To calculate answer 1 you must divide Seattle´s sales over Portland´s sales, then subtract 1, and finally multiply by 100.
= [ ($350,000/260,000) - 1 ] x 100 = 34.6%
To calculate answer 2 you must subtract the result form dividing Portland´s sales over Seattle´s sales from 1, and then multiply by 100.
= [ 1 - ($260,000/350,000) ] x 100 = 25.7%
To calculate answer 3 you must divide Portland´s sales over Seattle´s sales, and then multiply by 100.
= ($260,000/350,000) x 100 = 74.3%
Answer:
$7708 favorable
Explanation:
Volume variance shows the negative differentiation between the actual and the budgeted quantity sold at a budgeted sales price per unit.
A positive figure for volume variance indicates that it is favorable, and a negative figure for volume variance shows that it is unfavorable.
Volume variance = (Actual Quantity - Budgeted quantity sold) × Budgeted sale price per unit.
Volume variance = ( 1070 units - 988units) × $94
Volume variance = 82 units × $94
Volume variance =$7708 favorable
Answer:
a. -$210,000
b. $455,000
Explanation:
a. Company's net income
Sales. 2,275,000
Less:
Cost of goods sold
1,285,000
Administrative and selling expenses
535,000
Depreciation expense
420,000
EBIT
35,000
Less interest
245,000
Taxable income
-$210,000
Taxes 21%
Nil
Net income
-$210,000
b. The operating cash flow for the year
OCF = EBIT + depreciation - taxes
OCF = 35,000 + 420,000 - 0
OCF = $455,000
c. Net income was negative due to the deductibility of interest expense and depreciation.
The actual operating cash flow was positive due to the fact that depreciation is a non cash expense, and also interest is a financing and not an operating expense.
Given the list price equal to $ 9,900, trade discount equal to 2 3/8 % =19/8 %, the net price is calculated below -
Net price factor = (100-19)/100 x (100-8)/100=0.81 x 0.92=0.7452
Net price of the order = $ 9,900 x 0.7452 = $ 7,377.48
To the nearest cent, the answer is $ 7.377.50
I think that the answer is 24.69. i hope it helped :)
