_____ includes media such as television, magazine, outdoor, radio, or newspaper advertising.

Lola, along with many of her friends, grew up in a very poor country and didn’t attend school. A consumer products company wants

Ludmilka [50]

Answer:

d. lack of interest

Explanation:

7 0

2 years ago

Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be

Dvinal [7]

Answer:

D. 34.00%

Explanation:

The computation of the new contribution margin is shown below:

As we know that

Contribution Margin = Net Sales Revenue - Variable Expenses

where,

Net sales revenue is

= 604 units × $32.5

= $19,630

The variable expense = Total material cost + total labor cost

Total Material Cost = 604 units × $14.36 = $8,673.44

Total Labor Cost = 604 units × $7.09 = $4,282.36

So, the variable expense is

= $8,673.44 + $4,282.36

= $12,955.8

Now

Contribution margin = $19,630 - $12,955.8 = $6,674.2

And,

Contribution margin ratio = Contribution margin ÷ net sales

So, Contribution margin = $6,674.2 ÷ $19,630

= 34.00%

4 0

2 years ago

Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin

Katena32 [7]

Answer:

Explanation:

The classified balance sheet comprises of the assets, liabilities, and stockholder equity. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.

The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:

4 0

2 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

zhuklara [117]

Answer:

GOLDEN EAGLE COMPANY

Adjusting entries that were made for supplies, prepaid insurance, salaries payable, and unearned revenue on December 31.

Debit Supplies Expense $2,050

Credit Supplies $2,050

Debit Insurance Expense $1,050

Credit Prepaid Insurance $1,050

Debit Salaries Expense $14,100

Credit Salaries Payable $14,100

Debit Unearned Revenue $1,500

Credit Rent Revenue $1,500

Explanation:

a) Data and Calculations:

Golden Eagle Company

November 30 adjusted trial balance

30-Nov 31-Dec

Debit Credit Debit Credit

Supplies $2,000 $2,550

Prepaid Insurance $8,000 $6,950

Salaries payable $11,000 $16,000

Unearned revenue $3,000 $1,500

Supplies:

Nov. 30 balance $2,000

Purchase 2,600

Supplies expense 2,050

Balance $2,550

Prepaid Insurance:

Nov. 30 balance $8,000

Insurance exp. 1,050

Dec. 31 balance $6,950

Salaries Payable:

Nov. 30 balance $11,000

Salaries expense 14,100

Cash paid 9,100

Dec. 31 balance 16,000

Unearned Revenue:

Nov. 30 balance $3,000

Rent Revenue $1,500

Dec. 31 balance 1,500

3 0

2 years ago

When the perpetual inventory method is being used, the accountant debits __________ __________ and credits Accounts Payable (or

777dan777 [17]

Answer:

merchandise inventory

Merchandise inventory

Explanation:

When the perpetual inventory method is being used, the accountant debits <u>merchandise inventory </u>and credits Accounts Payable (or Cash) when goods are purchased and debits Cost of Goods Sold and credits <u>merchandise inventor</u>y when gods are sold, along with the proper sales entry.

The cost of each sale transaction ensures that the merchandise inventory account under a perpetual inventory system reflects the updated cost of merchandise available for sale.

4 0

2 years ago