Answer:
The answer is option (D) Assess property, plant & equipment values based on current comparable prices.
Explanation:
From the given question, Evaluating the likelihood and level of expected warranty claims or Estimating the collectibility of accounts receivable balances is is not a good example for analytics and financial statements.
Therefore, the best example from the given options is assess property, plant, and equipment values based on current comparable prices for analytics and financial statements.
Answer:
$13.33
Explanation:
Test A
Charging rate $65
Variable cost ($25)
Contribution margin $40
Contribution margin per machine hour $40/3=$13.33
Answer:
1)They would prefer to make shorts as contribution margin per unit is higher for shorts
Explanation:
Step 1. Given information.
- Sales price shirts is $24
- Variable costs shirts is $10
- Variable costs shorts $17
Step 2. Formulas needed to solve the exercise
Contribution margin = sales price - variable cost
Step 3. Calculation.
Contribution margin shirts = 24 - 10 = 14
Contribution margin shorts = 32 - 17 = 15
Step 4. Solution.
<h2>
Contribution margin shorts > Contribution margin shirts</h2>
<span>Martin should look at the company balance sheet as of the end the last accounting period to see the cash balance on the last day of the accounting period.
Jennifer should look at the company cash flow statement as of the end of the last accounting period to see the sources and uses of cash during the accounting period.</span>
Answer:
In the short run, as long as the contribution margin is positive he should continue in the industry. In the long run, if the company keeps losing money, he should leave the industry.
Explanation:
Giving the following information:
Bob mows lawns for $30 each. His total cost each day is $320, of which $70 is a fixed cost. He mows 10 lawns a day.
First, we need to calculate the unitary variable cost:
Total variable cost= 320 - 70= 250
Unitary varaible cost= 250/10= $25
Contribution margin= 30 - 25= $5
In the short run, as long as the contribution margin is positive he should continue in the industry. In the long run, if the company keeps losing money, he should leave the industry.
