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Oxana [17]
2 years ago
4

On April 1, North Company issued bonds in the market. Upon issue, South Company acquired 10% of North Company's issue. On Novemb

er 30, South sold the North Company bonds in the market; the bonds were acquired by East Company. On December 31, which, if any, of the following companies is an investee?
A) North
B) South
C) East
Business
1 answer:
Assoli18 [71]2 years ago
7 0

Answer:

C) East

Explanation:

North company is the issuer of the bonds.

South invested in the bond but, in November 30th It sold their entire participation in North Bonds therefore, no longer an investee.

East Company is the holder of the bodns previously hold by South and we aren't givne any information about being sold again therefore, it is the investee at December 31th

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Benito spent $1837 to operate his car last year. Some of these expenses are listed on the table below:. . Operating Expenses. .
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Benito's total expense is the sum of the operating expenses, cost of insurance, registration, and maintenance. These summed up to $1191. The remaining expense is $646 which is from the gasoline. From this, the cost of gasoline per mile is equal to $0.085.

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2 years ago
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Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of $25,000. At the break-even poin
PolarNik [594]

Answer:

Variable Cost per unit = $9 per unit

so correct option is C. Variable expense per unit is $9

Explanation:

given data

sales = 25,000 units

Company reported sale = $750,000

net operating income = $25,000

total contribution margin = $500000

top find out

Based on information the company reported

solution

we know that here contribution at the break even point is  500000

so that the fixed cost will be 500000 because break even point

fixed cost = contribution and net income is 0

by this data we find the variable expense that is

variable expenses = Company reported Sales  - Fixed Cost - Net Operating Income    ..........................1

variable expenses =  $750,000 - $500000 - $25000

variable expenses = $225000

and Variable Cost per unit = \frac{225000}{25000}

Variable Cost per unit = $9 per unit

so correct option is C. Variable expense per unit is $9

7 0
2 years ago
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,700
Andru [333]

Answer:

A) Price       7,080     U

B) Quantity 4,630.5  U

C) Total        11.710,5‬ U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $3.45

actual cost  $3.65

quantity 35,400

difference  $(0.20)

(0.2) \times 35,400 = DM \: price \: variance

price variance  $(7,080.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 36110.00

actual quantity 35400.00

std cost  $3.45

difference 710.00

(710) \times 3.45 = DM \: quantity \: variance

quantity variance  $2,449.50

Total Variance: 2,449.5 - 7,080 = -4.630,5‬

8 0
2 years ago
Brenda is a purchasing agent for Commodities Exchange Corporation. Dennis, a Commodities corporate officer, gives Brenda written
son4ous [18]

Answer:

Yes, the firm Commodities Exchange Corporation is liable to E-products Inc. as it has entered into a contract with Brenda who had written authority to buy on behalf of the firm.

Explanation:

Indeed, the risk of Commodities stretches out to E-Products. This is mostly a direct result of the risk of the chief is towards the operator for the agreement the specialist is the gathering in the interest of the head. Aside from this, there is an express power having a place with Brenda as she was given the approval from the head. Because of express, an evident position E-Products got the affirmation that Commodities is being spoken to by Brenda.

There is no close to home risk of Brenda to pay for the different fringe gadgets to the E-Products. Because of evident position, it was a reality clear to E-Products that Brenda is just going about as an operator for Commodities. As these items were purchased for the utilization of the head as opposed to the individual utilization of Brenda in this way she doesn't have any obligation.

4 0
2 years ago
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