Answer:
b. 26
Explanation:
Marginal utility refers to the utility gained by the consumption of an additional unit of a commodity. It is the satisfaction enjoyed by a consumer for the additional use of a unit of a good or service.
Given that the total marginal utilities is 105 and the marginal utilities of the first, second, and fourth sodas are 35, 28, and 16 respectively, the marginal utility of the third soda
= 105 - (35 + 28 + 16)
= 26
Answer:
$634,443
Explanation:
The computation of total overhead applied to Product P4 under activity-based costing is shown below:-
Activity Expected Expected Activity
costs Activity Rate
a b c = a ÷ b
Labor related $145,000 6,000 DLHs 24.17 per DLHs
Production
orders $68,360 1,400 orders 48.83 Per orders
Order size $1,069,190 5,800 MHs 184.34 per MHs
Product P4
Activity driver Overhead
Incurred Assigned
d e = c × d
2,000 $48,340
300 $14,649
3,100 $571,454
Total overhead cost $634,443
Answer:
condenced income statement
net sales 4699520
cost of sales (3097360)
opening stock 599200
purchase 3120320
returns ( 16800 )
frieght in 80640
closing stock (686000)
gross profit 1602160
other incomes 299040
purchase discount 30240
rent income 268800
expenses (1092448
)
office salary 387520
sales salary 31808
sales discount 38080
commission 92960
selling costs 77280
telephone costs 19040
accounting service 36960
utility costs 35840
insurance 26880
mascellaneous 8960
advertising 60480
delivery costs 104160
casuality loss 78400
depreciation-office 53760
depreciation-sales 40320
operating profit 808752
interest expense 197120 ( 197120
)
profit before tax 611632
tax expense (122326.4)
profit after tax <u>489305.6</u>
Explanation:
To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.
Answer:
It will take 27.56 years to gain $196,000.
Explanation:
Giving the following information:
Future value (FV)= $196,000
Present value (PV)= $46,000
Interest rate= 5.4% = 0.054
<u>To calculate the time required to reach the objective, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(196,000/46,000) / ln(1.054)
n= 27.56
It will take 27.56 years to gain $196,000.
Answer:
Purchase discounts is a contra revenue account. Revenue accounts carry a natural credit balance; purchase discounts has a debit balance as a contra account. On the income statement, purchase discounts goes just below the sales revenue account.