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2 years ago

Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:

Business

1 answer:

Shkiper50 [21]2 years ago

8 0

Answer:

d. a $10,000 decrease.

Explanation:

The computation of the impact on the income is given below:

In case of making the product

= Direct material + direct labor + variable manufacturing overhead + rented

= $100,000 + $160,000 + $60,000 + $10,000

= $330,000

And, in case of buying the product

= 20,000 × $17

= $340,000

So there is a decrease of $10,000

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X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

tangare [24]

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory Debit $300

Cash Credit $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

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2 years ago

A country's ability or intention to meet its financial obligations determines its ________. political risk economic risk legal r

MArishka [77]

A country's ability to meet its financial obligations is the main determinant of its "economic risk". Whether a country will be able to repay debts which it takes on, such as in the form of bond issues, is a key driver of the willingness of investors to make capital contributions to a country, and the return that they expect in exchange for assuming that risk.

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2 years ago

Mainstream economic theorizing sees work as a lousy activity that workers tolerate in order to earn income. One way that work is

Mice21 [21]

Answer:

the correct answer is "opportunity cost".

the opportunity cost here means the cost of the next best opportunity lost because of spending time at work, this could be 8 hours, 10 hours at work, etc.

the underline point here is that when someone works for, lets say, 8 hours, he or she could have done something else that they enjoy and brings value to them and their family.

but since they are working, they can not engage in that activity. because of this, we call it the opportunity cost! simple right?

Explanation:

6 0

2 years ago

Doyle’s Candy Company is a wholesale distributor of candy. The company services groceries, convenience stores and drugstores in

luda_lava [24]

Answer:

a) 275,000 boxed per year

b) sales price of $ 11.04

c)  sale volume in dollars 4.830.967,74

Explanation:

selling price: $ 9.60

Variable cost: $ 5.76

Contribution: $ 3.84

Contribution Ratio: 3.84 / 9.60 = 40%

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

1,056,000 / 3.84 = 275,000

If Variable cost increase by 15%

To keep contribution ratio at 40% then selling price should be:

(X - 5.76 x 1.15) / X = 0.40

X = $ 11.04

To keep the same income but without changing price:

current income: (sales x contribution less fixed cost)

(390,000 x 3.84 - 1,056,000) = 441,600

contribution: (9.60 - 5.76 x 1.15) / 9.60 = 0.31

$\frac{Fixed\:Cost + Target \: Income}{Contribution \:Margin} = Break\: Even\: Point_{units}$

(1,056,000 + 441,600)/ 0.31 =

1.497.600‬ / 0.31 = 4.830.967,74

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2 years ago

George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i

Damm [24]

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

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2 years ago