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2 years ago

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations

Business

1 answer:

DochEvi [55]2 years ago

5 0

Answer:

c) $ 24,200

Explanation:

Computation of Total Period costs

Fixed selling and Administrative expenses $ 8,800

Variable Selling and Administrative costs

$ 7 per unit * 2,200 units sold $ 15,400

Total period costs $ 24,200

The fixed manufacturing overhead is part of manufacturing costs so not considered.

The variable selling and administrative costs are based on units sold and not units produced.

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X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

tangare [24]

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory Debit $300

Cash Credit $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

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2 years ago

What professional organization has developed and published a data quality management tool that defines a specific set of charact

-Dominant- [34]

I think it is b but I guess

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1 year ago

Read 2 more answers

A drug company is considering marketing a new local anesthetic. The effective time of the anesthetic the drug company is current

Luda [366]

Answer:

6) H0: μ≥ 7.4 versus H1: μ< 7.4

7) - 1.28

8) - 1.50

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1 year ago

You have just started a new job and plan to save $5,250 per year for 35 years until you retire. You will make your first deposit

nasty-shy [4]

Answer:

FV= $1,260,205.98

Explanation:

Giving the following information:

Annual deposit= $5,250

Number of years= 35 years

Annual interest rate= 0.0947

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,250*[(1.0947^35)-1] / 0.0947

FV= $1,260,205.98

6 0

1 year ago

In 2019, Forever Young, Inc. sold land for $ 110 comma 000 cash, purchased equipment for $ 18 comma 000 cash and issued bonds

True [87]

Answer:

The Net cash provided by investing activities is $172,000.

Hence, the correct option is B. $ 172 comma 000.

Explanation:

Given:

In 2019, Forever Young, Inc. sold land for $ 110,000 cash, purchased equipment for $ 18,000 cash and issued bonds for $ 80,000 cash.

Now, to find the Net cash activities.

Land sold of cash = $110,000.

Equipment purchased of cash = $18,000.

Bonds issued of cash = $80,000.

Now, to get the Net cash activities we put formula:

Net cash activities = Land sold - Equipment purchased + Bonds issued

$=110,000-18,000+80,000\\\\=110,000+62,000\\\\=172,000.$

Therefore, the Net cash provided by investing activities is $172,000.

Hence, the correct option is B. $ 172 comma 000.

6 0

1 year ago