Answer:
The correct answer is letter "B": Volt.
Explanation:
General Motors (GM) discontinued the production of the Chevrolet Volt in November 2019 because the vehicle was not meeting sales targets. Since 2016 the unit sales started to decrease reaching around 5,000 units only in 2019 representing almost 60% less than the previous year.
Even if the hybrid vehicle is considered "good" for average drivers, it never reached the expected sales level.
Answer:
The answer is: January 5
Explanation:
This is a bill and hold arrangement which enables payment ahead of the delivery of the equipment.
Once Merkel places the purchase order, it should record the cost of the office equipment. It is usual that companies pay in advance a percentage of the total cost and the rest when the equipment is delivered.
Answer:
The earnings per share for Bramble in 2020 is $2.99
Explanation:
This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.
The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.
Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings attributable to ordinary shareholders are considered.
Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.
Answer:
$546,750
Explanation:
Sales 2,498,000
COGS (1,376,000)
gross profit 1, 112,000
S&A salaries (219,000)
other S&A (346,000)
underapplied MO (10,250) *
net income 536.750
*we need to compare the actual voerhead with the applied overhead:
<u>actual overhead:</u> 176,000 + 420,000 = 596,000
<u>applied overhead:</u>
overhead rate:
568,000 / 32,000 = 17.75
33,000 x 17.75 = 585.750
overhead
<u>debit credit</u>
596,000 585,750
10,250 underapplied overhead
As the applied was lower it is underapplied we need to recognzie more cot thus, the net income decrease.
