Shipping expense is P9,000 for 8,000 pounds shipped and P11,250 for 11,000 pounds shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 pounds, its expected shipping expense is closest to (nearest peso):
Q: On November 27, the board of directors of Marin Company declared a $0.40 per share dividend. The div...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: Gosens Company began operations on December 1, 2020. Presented below is selected information related...
A: Solution.. Service Revenue = $135,000 Rent expenses = $22,000 Utilities expenses = $23,000 Main...
Q: On December 31, 2020, Fame Company sold a 12% serial bond issue with face amount of P7,000,000 for P...
A: Bond Payable The main sources of generation liquidity into the business entity to raise the issue of...
Q: IFA Corporations had Net Income of $7,800,000 and the following information for January 2021 to Dece...
A: In this question, we find (a) Calculate the weighted average shares (to the nearest whole number) at...
Q: I need the answer as soon as possible
A: There are different methods for forecasting population. Some of the methods are 1. Arithmetic Incre...
Q: Bulldogs Inc. wants to analyze its variances in its actual and budgeted operation. · There is no dif...
A: Sale price variance = (Actual sales price per unit - Budgeted sales price per unit) x Actual no. of ...
Q: On January 3, 2022, P Company acquired 70% interest in S Company for P4,200,000. Consideration inclu...
A: Solution Non - controlling interest is an ownership position whereby a shareholder owns less than 5...
Q: FAUSTINO Inc. manufactures two products, MICHAEL and GABRIEL. Contribution margin per unit is determ...
A: Lets understand the basics. When entity have any scare resources then management always wants to use...
Q: 1. Statement 1: Measurement period is relevant if Fair Value of Net Assets of acquiree includes the...
A: According to IFRS 3 : It includes transaction or an event in which acquirer obtains control over b...
Q: How much is the non- controlling interest in net assets on December 31, 2016?
A: Galaxy corporation acquired 80% of the outstanding shares of united company on June 1, 2016 for P3,5...
Q: On January 1, 2021, Red Flash Photography had the following balances: Cash, $25,000; Supplies, $9,30...
A:
Q: While checking the cash accounts of Ruler Company on December 31, 2016, you find the following info...
A: Solution Bank reconciliation statement is a summary of banking and business activity that reconciles...
Q: On January 1,2020, Cielo Company leased an equipment from a lessor with the following pertinent info...
A: Annual rental payable at the end of each year P5,00,000 Lease Term 8 years Implicit interest rat...
Q: NEKO Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory carryin...
A: Carrying cost refer to the costs incurred in maintaining a given level of inventory. These costs inc...
Q: Parent Company acquires Subsidiary Company on September 1, 2020. Parent seeks an independent valuati...
A: Goodwill is an intangible asset that is associated with the purchase of one company by another. Spec...
Q: n 2019, Datasoft Inc. received $350,000 in dividends from CSLabs Inc. Datasoft's taxable income befo...
A: Dividend received deduction (DRD) is a tax deduction that is applicable to the entities which receiv...
Q: Community Apartments Inc. (CA Inc.) is building a luxury condominium for a contract price of $68,000...
A: The correct answer is given in the following steps for your reference.
Q: 15. How much sales for the month of December 2005 were erroneously recorded in January 2006? c. P7,5...
A: The physical stock counting activity for Durian Corporation is undertaken on 27th Dec. 2005 and the ...
Q: What reduction in average collection time would be needed to justify the lock-box system? (Use a 360...
A: Average collection period is number of days it takes for company to collect its receivable from cust...
Q: Bulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock s...
A: Legal capital means company's equity portion can not be distribut by dividend or any other means.
Q: Exercise 7-5 (Algo) Notes payable—discount basis LO 2 Skip to question [The following infor...
A: The question is based on the concept of Financial Mangement
Q: b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership....
A: AGI is an acronym and stands for the adjusted gross income of the taxpayer which is computed when ce...
Q: non-controlling interest in net assets of a partially owned subsidiary is: a. Decreased by amortizat...
A: NCI also known as Minority interest which refers to the equity ownership share in the subsidiary's e...
Q: Is estimatinng activity costs associated with producing disk drives, tapes drives, and wire drives. ...
A: The activity based costing is used to allocate the overhead costs to the production on the basis of ...
Q: Kim Locke and Mary Leigh Coker have capital accounts of $430,000 and $484,000, respectively. Jeff Do...
A: Note: Consideration paid to Locke and Coker for purchasing the share in partnership is not relevant ...
Q: Bulldogs Inc. has forecasted that its net income will be P400,000. The company has debt ratio of 30%...
A: Net income = P400,000 Debt ratio = 30% Equity ratio = 100%-30% = 70% Investment = P500,000 Number of...
Q: Taylor's Black Pearls perfume despite having already spent $15 million on development, marketing, an...
A: When company should go with when at least variable cost are covered and even though fixed cost are n...
Q: The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000 shar...
A: Solution: When common stock are issued at a price greater than face value, common stock account is c...
Q: pare sary urnals for 1. Cash paid to Sara BD 600 2. Sold Furniture BD 15000 3 Salary Paid B D 6000 S...
A: These are the accounting transactions that are having a monetary impact on the financial statement o...
Q: determined that sales will increase by 25% next year, and that the profit margin will remain at 15% ...
A: Sales is a transaction between two or more parties in who is the buyer received tangible or intangib...
Q: Bulldogs Inc. enters into an agreement with a firm that will factor the company's accounts receivabl...
A: The correct answer for the above mentioned question is given in the following steps.
Q: Buchanan Company currently sells 4,000 units of product Q for $1 each. Capacity is 5,000 units. Vari...
A: Increase (decrease) in income = (Unit sales price for offer - Unit variable cost) x no. of units - C...
Q: The shareholders' equity section of PRAY Corp. on December 31, 20x1 appeared as follows: Preference ...
A: Unappropriated Retained Earnings Unappropriated Retained earning which is described as the amount wh...
Q: X Company Y Company Amount Percent Amount Percent Sales $ 148,000 100.00 $ 148,000 100.00 Variable c...
A: Formula: Break even sales value = Fixed cost / Contribution margin ratio
Q: e effect of financial distress and taxation on gearing? A. Both constrain gearing B. The ...
A: Gearing in accounting means how much is the debt against the equity in the capital structure of the ...
Q: How many are the ordinary shares outstanding after reflecting the foregoing transactions for the yea...
A: Ordinary shares refer to the equity shares of the company. Ordinary or common shareholders are techn...
Q: munication moving in a specific C cilitates task accomplishments. munication
A: Casual communication with another person is known as informal communication.
Q: Pledged Assets : Plant, property, and equipment (PPE) Merchandise inventory Free assets Total assets...
A: Estimated recovery value is also written as ERV. It is the amount which is to be recovered by realis...
Q: Required: Journalize the above business transactions in general journal form.
A: Journal entries recording is the first step in accounting cycle process, under which atleast one acc...
Q: Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectiv...
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
Q: proposed relaxation of credit standards of Bulldogs Inc. will increase the balance of accounts recei...
A: Solution.. Increase in accounts receivable = P95,000 Increase in average collection period = 3 *...
Q: The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, ...
A: Profit available to common stock holders= Profit- Preference dividend EPS= Profit available to commo...
Q: the assets and liabilities of R were stated at their fair values when A acquired it's 80% interest a...
A: Computation of total retained earnings Opening balance of retained earnings + retained earnings of A...
Q: 51 Sugar, Inc. reported the following on its most recent income statement: Earnings before Inco...
A: Time Interest Earned is a ratio which is used to Determine the ability of a company to meet its debt...
Q: On January 1,2020, an equipment of ABC Company with a carrying value of P 1,500,000 was sold at P 2,...
A: Gain on sale leaseback = Cash received on sales + Right of Use asset - Cost of assets sold - Presen...
Q: on january 1 2020 paco comapny issued 1800 shares of 5% $105 per cumumlative preferred stock for $22...
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-part...
Q: Cullumber Electronics issues a $355,500, 3%, 10-year mortgage note on December 31, 2021. The proceed...
A: Interest = Loan amount x rate of interest x no. of months in calendar year /12 months Loan Payment =...
Q: Preferred stocks are characterized by all the following, except voting rights are generally not pres...
A: Preferred stocks are components of share capital. Preferred stocks have preferential rights of divid...
Q: Provided the specified vesting conditions, if any, are met, share-base payment arrangement is an arr...
A: share best payment in generally transaction in which the entity receives goods or services for consi...
Q: The P10.00 million mutual fund Pingu manages has a beta of 1.05 and a 9.50% required return. The ris...
A: In order to determine the required rate of return of the portfolio, we first need to compute the mar...
37
Shipping expense is P9,000 for 8,000 pounds shipped and P11,250 for 11,000 pounds shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 pounds, its expected shipping expense is closest to (nearest peso):
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- This year, Lambert Company will ship 1,500,000 pounds of goods to customers at a cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 of revenue( total revenue is $20million), The amount of shipping cost assigned to the customer by using ABC would be a. Unable to be determined. b.$8,000($0.80per pound shipped) c.$24, 000(2% of the shipping cost) d. $12,000(1% of the shipping cost) e. None of theseThis year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 ofrevenue (total revenue is $20 million), the amount of shipping cost assigned to thecustomer by using ABC would bea. unable to be determined.b. $8,000 ($0.80 per pound shipped).c. $24,000 (2% of the shipping cost).d. $12,000 (1% of the shipping cost).e. None of these.Julekha conversion period of 50 days, an average cullecuion period (DSO) uf 35 lays, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of Enterprises has an inventory sales. Julekha's annual cost of labour is Tk.550,00N) and annual cost of materials is Tk.750,000. ASsume a year = 360 days. a. What is the length of the firm's cash conversion cycle? b. II annual Sales Negus' Tk.4,380,(00) and all sales are on credit, what is the fim's investment in dCCDunts recrivahle? c. How many times per year does Negus Enterprises turn over its inventory? d. How much working capital linancing does Negus have to ensure to complete the cash convPision cycle are
- A product is sold at $80 per unit, the variable expense per unit is $20, and total fixed expenses are $600,000, what are the breakeven sales in dollars? (Do not round intermediary calculations and round your final calculation to the nearest dollar.) OA. $450,000 OB. $472,500 OC. $22,500 OD. $800,000ABM Enterprise reported business transactions for a certain month in 2020: Unit Price, P55.75; Variable Cost Per Unit, P25.50, and Total Fixed Cost, P45,375.00. a. Compute for the number of units to be sold in order to break-even. b. How is the amount of sales to break-even?A production Enterprise is considering introduction of a new product into the market. Detailed calculations of expected revenues are presented in the table below: Thousands euro Revenues Closing balance Account payables Year 1 Inventory of production materials Inventory of finished products 700 The firm's analysts estimated that investment outlays to start the production (investment, research and development) would amount to EUR 650 thousand. Average variable costs account for about 55% of revenues. Depreciation of investment outlays amounts to 33,33% annually. After the 3rd year, the fixed assets are expected to have a market value of 100 thousand Euro (despite being fully depreciated). The performed analysis suggests that implementation of the project would cause overheads at the company to rise by ca. EUR 100 thousand annually. The table below presents forecast for the share of liabilities, production materials and stock in revenues: Year 1 14% 12% Year 2 8% 800 Year 2 14% 11% Year…
- In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as follows: Cost of goods sold is P178 per unit Shipping costs are P31 per unit Miscellaneous costs are P10 per unit Salaries are P80,000 per month Rent is P20,000 per month Utilities are P10,000 per month Calculate the following for April 2021: A. Variable Operating Expense B. Fixed Operating Expense C. Total Operating ExpenseFor a material Z, annual carrying cost of material is 3.6 per unit, where the total carrying cost of 9,000 per annum. Assume that there is no Safety stock of material Z. Find the Economic order quantity for material.If average revenue per unit is expected to be $25 and cost of goods sold are expected to be $17 per unit, how many units must be sold to breakeven on investment if the investment cost is $240,000? O 40,000 O 14,117 O 9,600 O 65,118
- Annual carrying cost of material is 3.6 per unit, in which it has a total carrying cost of 9,000 per annum. Assume that there is no Safety stock of the material. Find the EOQ for the material.11. The following are annual cost of Peter Corp. relating to Material A which required 40,000 units per year: Unit Cost Insurance cost P20 Storage cost Freight in 32 36 10 Order cost Interest that could have been earned on alternative investment of funds P320,000 What is the annual carrying cost per unit? 12. Senen has an order point at 1,400 units, usage during the normal lead time of 600, and EOQ 4,000 units. What would be its maximum inventory, assuming lead time and usage is normal.Currumbin Ltd sells a product for which they have a target profit of $30000. This product has variable costs of $4 per unit and total fixed costs of $45000. If 15000 units are to be sold, what should be the selling price? a. $2 b. $5 c. $3 d. $9 Arnold Company Pty Ltd provided these estimates for the three months ending 30 June 2020, its first period of operation. The beginning cash balance is $1,000. Cash receipts from sales $300 000 Cash payments for expenses 130 000 Payment for the purchase of new motor vehicle 15 000 Depreciation of motor vehicle 15 000 Repayment of a loan 100 000 What is the estimated cash balance at 30 June 2010? a. $55000 deficit b. $40000 surplus c. $56000 surplus d. $155000 surplus e. $50000 surplus Park Ltd produces financial calculators. The production capacity is 35,000 calculators, and the company is currently operating at 80% capacity. Variable…