Answer:
$306,000
Explanation:
To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.
<u>Total Manufacturing Cost Calculation :</u>
Factory Utilities $11,400
Indirect Materials $39,500
Direct Materials $166,400
Equipment Depreciation $47,000
Direct labor $91,700
Total Manufacturing Cost $306,000
Answer: Selective hiring
Explanation: In the selective hiring process the managers of an organisation sets a criteria for the job available. While recruiting the managers sticks to the criteria strictly and only those employees are hired who fits that particular criteria.
In the given case, Dorrance wants to recruit someone with excellent skills in soccer, thus we can conclude that she is doing selective hiring.
Answer:
D
Explanation:
Nantell's operating income (EBIT) will increase., because now the company will record lower depreciation expense in the income statement due to increase in the life from 5 to 7 taken for the depreciation purposes. So decline in depreciation will result in higher EBIT.
a. is wrong as lower depreciation means higher net income.
b. is wrong as tax liability will not get impacted as tax will follows old method of depreciation.
c. is incorrect as depreciation is non cash expense thus does not impact cash position and tax has already be on the earlier method.
e. is incorrect as increase in EBIT will result in higher taxable income.
hence option D is the only correct option
Answer:
The answers are:
<u>January 10</u>
Cash $816,000
Common stock $510,000
Contributed capital in excess
of par value, common stock $306,000
<u>January 15</u>
Equipment $80,000
Common stock $50,000
Contributed capital in excess
of par value, common stock $30,000
<u>February 1</u>
Organizational expenses $3,000
Common stock $25,000
Contributed capital in excess
of par value, common stock $500
Explanation:
Contributed capital in excess of par value is the amount of money (or other assets) over the par value of stock (in this case $5 per common stock) that the company received form shareholders in exchange for stock.
Answer:
The answer is: Mel´s Diner is engaging in a Niche Marketing Strategy
Explanation:
A niche marketing strategy takes place when you concentrate all your marketing efforts on an specific and well defined segment of the population.
Mel´s Diner is differentiating themselves form all the other restaurants in their area by offering vegan and vegetarian dishes.
