Creative accountant who DIY their own accounting system go to jail. True or false

During its most recent fiscal year, Raphael Enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. Fixed cost

Gwar [14]

Answer:

Option (a) is correct.

Explanation:

Pretax income = Contribution - Fixed cost

Contribution = Pretax income + Fixed cost

= $1,824,000 + $1,444,000

= $3,268,000

Sales - Variable Cost = Contribution

Variable Cost = Sales - Contribution

= (380,000 electric screwdrivers × $20.40 each) - $3,268,000

= $7,752,000 - $3,268,000

= $4,484,000

3 0

1 year ago

Stangol Co. uses process costing to account for the production of highlighter pens. Direct materials are added at the beginning

Otrada [13]

Answer:

$55,565.76

Explanation:

Calculation for the value of ending inventory using the weighted average method

First step is to find the Equivalent units

Equivalent units = (4,800 × 50%)

Equivalent units = 2,400

Second step is to find the conversion costs

Conversion costs (4,800 × 100%)

Conversion costs= 4,800

Last step is to calculate for the value of ending inventory

Ending inventory= ($8.91 × 2,400) + ($7.1212× 4,800)

Ending inventory=$21,384+$34,181.76

Ending inventory=$55,565.76

Therefore the value of ending inventory using the weighted average method would be closest to: $55,565.76

7 0

1 year ago

A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of

rjkz [21]

Answer:

so correct option is c. 1.51

Explanation:

given data

random sample n = 81

average speed x = 60 mph

standard deviation σ = 13.5 mph

interval estimate μ = 86.9%

to find out

the value of the z

solution

we have given μ = 86.9%

so we get here z critical value for the confidence level = 86.9 %

we will use here standard normal table

so z value for 86.9% is 1.51

so correct option is c. 1.51

4 0

1 year ago

Pricing objectives are derived from broader marketing objectives. Organizations using a multisegment marketing approach to marke

spin [16.1K]

Answer:

True

Explanation:

An organization that makes use of multisegment marketing approach is undoubtedly a big company that have established name for itself. This means that, the organization or company is well known and that it is an household name in the industry. Therefore, such company has the capacity of using multisegment marketing approach.

But a small company will only make use of one pricing method, this is to attract people to its products. And avoid competing with the established organizations. So, in the process, creating name for itself.

8 0

2 years ago

Restore Construction Company enters into a contract to remodel Sam’s Home Store, agreeing to use only products from United Build

BlackZzzverrR [31]

Answer:

Sam’s Home Store can enforce the contract against Restore Construction Company

Explanation:

In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.

6 0

1 year ago