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1 year ago

Crigui Music produces 60,000 CDs on which to record music. The CDs have the following costs:

Business

1 answer:

Cloud [144]1 year ago

8 0

Answer:

The correct answer is $33,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

If company buy the CD's externally than only Fixed OH could be avoided,

while other remains the same.

So, we can calculate the external price by using following formula:

Maximum external price = Direct Materials + Direct Labor + Variable Overhead + Fixed Overhead

By putting the value, we get

Maximum external price = $11,000 + $15,000 + $3,000 + $4,000

= $33,000

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Charges that firms are using "sweatshop" labor to produce their products are likely to occur during the ________ phase of the st

Rainbow [258]

Answer:

Implementation Phase

Explanation:

After Planning, it is imporrant to carry out clarified Implementation to successfully carry out what need to be done and when. This is important to ensure your plan is achieved without fault. Sweatshop labour which is a situation where workers are employed at low wages and mostlyunder unhealthy conditions to produce products usually occurs during the implementation phase.

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2 years ago

Read 2 more answers

Bay City Mining, Inc. has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, an

weqwewe [10]

Answer:

a. 50, which is high by historical standards.

Explanation:

a. 50, which is high by historical standards.

It is high because current price is high than earnings.

Earning yield is the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.

PRice Earning ratio = Market price per share/ Earning per share

Price Earning ration= $20/ 0.4 = 50

Earning per share= Earnings/ No of shares outstanding

EPS= $ 1 million/$ 2.5 million = 0.4

5 0

1 year ago

Banks that offer low interest rates to people with good credit

krek1111 [17]

The answer is: B. sacrifice profits for less risk.

Interest rates influence the amount of money that the borrower had to give back to the bank and Higher interest rate would give higher profit for the bank.

When bank people give low interest rates for people with good credit, the number of revenue that bank would make from giving the loan would decrease. But people with good credit has high likelihood of returning the money they borrow, which mean that there is less risk for the bank.

3 0

1 year ago

Read 2 more answers

Brief Exercise 8-5 Blossom Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of

Delicious77 [7]

Answer:

The adjusting journal entry to record bad debt expense for the year:

Debit Bad debts expense $13,831

Credit Allowance for doubtful accounts $13,831

Explanation:

Blossom Company uses the percentage-of-receivables basis to record bad debt expense.

At the end of the year, Accounts receivable are $419,300 and 4% of accounts receivable will become uncollectible.

Estimated uncollectible = $419,300 x 4% = $16,772

Before adjusting, the allowance for doubtful accounts has a credit balance of $2,941.

Bad debts expense = $16,772 - $2,941 = $13,831

The adjusting journal entry:

Debit Bad debts expense $13,831

Credit Allowance for doubtful accounts $13,831

3 0

2 years ago

Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for

Ket [755]

Answer:

Accounting costs $145,000

Implicit costs $75,000

Opportunity costs $220,000

Explanation:

What her accounting cost will be during the first year of operation.

Based on the information given we were told that the annual overhead costs and operating expenses amounted to the amount of $145,000 which means that the amount of $145,000 will be the ACCOUNTING COSTS

Her IMPLICIT COSTS will be the amount of $75,000 which is the amount she earn in her current job per year.

Her OPPORTUNITY COSTS be the addition of both her Her accounting cost and implicit costs

Hence,

Opportunity cost=$145,000+$75,000

Opportunity cost=$220,000

4 0

1 year ago