Answer:
The correct answer is $79.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the estimated variable cost by using following formula:
Estimated variable cost = Direct material + Direct labor + Variable manufacturing overhead + Variable selling expenses
By putting the following value in the formula, we get
Estimated variable cost = $34 + $22 + $19 + $4
= $79
Hence, the estimated variable costs per unit is $79.
Answer:
Explanation:
The transaction price in each case would be shown below:
(A) Transaction price - $900,000 and the revenue is recognized at the point of sale or on the date when the sale is made
(B) Transaction price - $720,000 and the revenue is recognized at the point of sale or on the date when the sale is made
(C) Transaction price - Present value should be transaction price i.e $417,600 and the remaining amount $32,400 ($450,000 - $417,600) would be recognized over the 24 months i.e 18 months + 6 months
Answer:
punishment
Explanation:
Basically, the manager is trying to change the behavior of his employee, Chuck. In management and organizational psychology, that is often referred to as the <em>reinforcement theory of motivation</em>.
In this example, the manager uses remuneration punishment in order to alter Chuck's noted behavior pattern.
<u>NOTE </u>- This is not to be confused with <em>negative reinforcement</em>, which is also related to the reinforcement theory. Although the term <em>negative </em>may imply some similarities with punishment, negative reinforcement is a different concept. While punishment is directly weakening the <em>unwanted </em>behavior, negative reinforcement is strengthening a <em>desired </em>behavior, by means of removing an unwanted consequence <u>for the employee</u> when he follows the wanted behavior pattern.
For example, a form of negative reinforcement would be if Chuck knew upfront that his pay would be reduced if he yelled at his customers and he avoided yelling in the first place because of that.
Answer:
D) credit to Accounts Payable.
Explanation:
The journal entries are shown below:
1. Cash A.c Dr
To Account receivable A/c
(Being cash is received for performing the services)
2. Telephone expenses A/c
To Cash A/c
(Being telephone bill paid)
3. Equipment A/c Dr
To Accounts payable A/c
(Being equipment is purchased on credit)
According to these journal entries, the option D is correct
Answer:
The amount of cash Carmen’s Dress Delivery expects to collect from accounts receivable during January is $299,000
Explanation:
The computation of the cash collection is shown below:
= Sales × remaining percentage + opening balance of accounts receivable - ending balance of accounts receivable
= $400,000 × 0.70 + $60,000 - $41,000
= $280,000 + $60,000 - $41,000
= $299,000
The remaining percentage equal to
= Percentage - drop percentage
= 100% - 30%
= 70%
