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kramer
2 years ago
11

Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year and its inventory decreased

by 300 units. Fixed manufacturing overhead cost was $4 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year
Business
1 answer:
irina1246 [14]2 years ago
4 0

Answer:

$62,600

Explanation:

Net operating income under variable costing = $63,800

Fixed manufacturing overhead cost deferred in inventory = (300 units multiplied by $4) =$1,200

the absorption costing net operating income last year= $63,800 - $1,200 = $62,600

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A business traveler checked into a Hyatt hotel and was given a room next to the elevator. When he turned on the television, he w
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Answer:

The correct answer is C. Voicer.

Explanation:

The traveler's behavior was voicer, since he used a valid means to communicate his dissatisfaction. The use of the voice is not required to enter this group, since any type of communication using a cordial tone is considered a voicer. Depending on the situation, the traveler was friendly and the hotel has probably assigned him a new room much quieter than the first.

6 0
2 years ago
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The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after whi
Rina8888 [55]

Answer:

The price of the Stock today is $60.07. So option D is the correct answer.

Explanation:

The stock price of a company's stock whose dividends grow at two different growth rates can be calculated using the two stage Gordon growth model also known as the two stage DDM.

The short term growth rate or the growth rate that is for a limited time period is taken as g1. So, g1 is 15%

The sustainable growth rate which is the growth rate that will prevail forever is taken as g2. So, g2 is 10%

The price of the stock today is,

P0 = 1 * (1+0.15)  /  (1+0.12)   +   1 * (1+0.150^2  /  (1+0.12)^2   +  

[ (1 * (1+0.15)^2 * (1+0.1)  /  (0.12 - 0.1))  /  (1+0.12)^2 ]

P0 = $60.067 rounded off to $60.07

8 0
2 years ago
Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

  • Total cost= 2400+ (34*100,000)= 3,400,000
  • Total Revenue= 150*100,000= $15,000,000
  • Net income= 15,000,000-3,400,000= $11,600,000

The Net income is therefore $11,600,000.

7 0
2 years ago
A buyer representative locates a suitable property through an owner broker. The buyer buys the property, the seller pays a commi
nadya68 [22]

Answer:

Single agent for the owner

Explanation:

In real estate, broker could play two roles:

- As a single agent

- or as a transaction broker

If the broker play as the transaction broker, that broker will mediate that transaction in a way that mutually beneficial for the seller and the buyer.

But, single agent only represent one side of the party. (either the buyer alone or the sellers alone). Single agent will handle the transaction to benefit only the party it represented.

"Owner broker" means that the broker only represents the Seller. This broker will try to make the price of the property as high as possible for the seller's benefit.

4 0
2 years ago
Given the following information, determine if one of the brands is a better buy.
valentina_108 [34]
Your answer is:
B. Brand A is the better buy.
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8 0
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