If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold.

What describes minerals that are deemed real property, such as gold and silver, until they are removed from the earth and become

Liula [17]

Answer:

The correct answer is D

Explanation:

Solid minerals contained in the land

(Coal, iron, ore, gold or silver)

Hope this helps! （づ￣3￣）づ╭❤～

6 0

2 years 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 political pundit argues that the government should impose a tariff on tires because they are a necessary input into the produc

valentina_108 [34]

Answer:

The correct answer is letter "A": National-security argument.

Explanation:

The National-security argument is a point of view that promotes the imposition of quotas and tariffs on imports related to national security in an attempt to boost domestic production on the same items. This situation will cause that in front of war the country will produce its own supplies to meet effectively its demand instead of relying on other countries to provide them with those goods. Most protectionist countries tend to support this idea.

7 0

2 years ago

Keidis Industries will pay a dividend of $3.55, $4.65, and $5.85 per share for each of the next three years, respectively. In fo

german

Answer:

price = $47.82

Explanation:

Find the present value of each dividend at the required rate of return and sum them up to get the current price;

PV = FV /(1+r)^n

PV(D1) = 3.55/ (1.099^1) = 3.2302

PV(D2) = 4.65/ (1.099^2) = 3.8500

PV(D3) = 5.85 / (1.099^3) = 4.4072

PV(Price at t=4) = 53 / (1.099^4) = 36.3316

Price = 3.2302+2.9392+4.4072+36.3316

= 47.81897

Therefore, price = $47.82

8 0

2 years ago

Slotnick Chemical received $230,000 from customers as deposits on returnable containers during 2018. Ten percent of the containe

sesenic [268]

Answer:

$20,909.09

Explanation:

We have been given that Slotnick Chemical received $230,000 from customers as deposits on returnable containers during 2018. 10% of the containers were not returned. The deposits are based on the container cost marked up 10%.

The price after mark-up would be $100\%+10\%=110\%$

To find the profit on the forfeited deposits, we will divide $230,000 times 10% by 110% as:

$\text{Profit on the forfeited deposits}=\frac{\$230,000\times 10\%}{110\%}$

$\text{Profit on the forfeited deposits}=\frac{\$230,000}{11}$

$\text{Profit on the forfeited deposits}=\$20,909.0909$

$\text{Profit on the forfeited deposits}\approx \$20,909.09$

Therefore, Slotnick realize a profit of $20,909.09 on the forfeited deposits.

7 0

2 years ago