Answer:
$54,400
Explanation:
The balance in the refund liability account would be calculated as;
Ending balance of sales return allowance = Opening balance of allowance + Expected sales return - Actual sales return
Given that;
Opening balance = $33,400
Expected return = $740,000 × 7% = $51,800
Actual return = $30,800
Therefore,
Ending balance of sales returns = $33,400 +$51,800 - $30,800 = $54,400
The balance in the refund liability account at the end of 2021 is $54,400
Answer:
Cost of goods purchased= $82,000
Explanation:
Giving the following information:
Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000.
We know that:
Cost of goods purchased= cost of goods sold + ending inventory - beginning inventory
Cost of goods purchased= 84,000 + 18,000 - 20,000= 82,000
Answer:
Explanation:
D1 = $1(1+0.25) = 1.25
D2 = $1.25(1+0.25) = 1.5625
D3 = $1.5625(1+0.25) = 1.953
D4 = $1.953(1+0.25) = $2.05
Current value = P0 =
= 1.25/(1+0.18) + 1.5625/(1+0.18)^2 + 1.953/(1+0.18)^3 + 2.05/(0.18-0.05) * (1+0.18)^(-3) =
=$12.96
Current value of the stock is 12.96
Answer: See explanation
Explanation:
a. Direct material = 4 × 33300 = Make $133200 ; Net income increase
Direct labor = 5 × 33300 = Make $166500 ; Net income increase
Variable costing= 0.61 × $166500 = Make $101565 ; Net income increase
Fixed manufacturing = Make 43100 ; Buy 43100 ;
Purchase price = 13.16 × 33300 = Buy $438228 ; Net income decrease
Total annual cost:
Make: $444365
Buy: $481328
Net income decrease = $36963
b. No, Pottery Ranch should not buy the finials. There's an incremental cost of $36963.
c. Incremental revenue = $50,367
Incremental cost = $36963
Incremental revenue = $50367 - $36963 = $13404
In this case, it should be bought.
Answer:
a. leasing the MOW van
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
b. incidental supplies such as salt, pepper, napkins, and so on
- direct cost to Meals-On-Wheels program
- direct cost to particular seniors served by the program
- variable cost with respect to the number of seniors served
c. gasoline consumed by the MOW van
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- variable cost with respect to the number of seniors served
d. rent on the facility that houses Care Center, including the MOW
- indirect cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
e. salary of the part-time manager of the MOW
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
f. depreciation on the kitchen equipment used in the MOW
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
g. hourly wages of the caregiver who drives the van and delivers the meals
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- variable cost with respect to the number of seniors served
h. complying with H&S regulations in the kitchen
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
i. mailing letters soliciting donations to the MOW
- direct cost to Meals-On-Wheels program
- indirect cost to particular seniors served by the program
- fixed cost with respect to the number of seniors served
