McoLawn Ltd manufactures a single product, an ecologically designed electronic lawn-mower, which they sell for £40. The variable costs of the lawn-mower are as follows: Fixed costs are £140,000. McoLawn Ltd. have budgeted profits for the coming year at £120,000. How many lawn-mowers must McoLawn Ltd. sell in order to reach budgeted profit levels? Group of answer choices

Answer:

The Total cash collected in May is $87100 and June is $140950 and July $163050.

Hence the total is $391100.

Explanation:

Answer:B

Explanation:

Answer:

a firm who hired a worker

Explanation:

on a two year wage contract

A firm that hired a worker on a two-year wage contract would be hurt by unexpected inflation. Thus, option D is correct.

Inflation, in financial aspects, aggregates expansions in the stockpile of cash, in cash salaries, or in costs. Expansion is by and large considered an exorbitant ascent in the general degree of costs.

While high expansion is by and large thought to be hurtful, a few financial experts accept that a modest quantity of expansion can assist with driving monetary development.

Inter worker was having job security for at least 2 years but due to inflation, he might not have a job. This is the most unexpected thing that the person could experience. As it will be treated as something that has caused hindrances in his planning.

Therefore, option D is correct.

Learn more about Inflation, here:

https://brainly.com/question/29308595

#SPJ6

Answer:

COGS= $129,800

Explanation:

Giving the following information:

Finished goods inventory, April 1$32,600  

Finished goods inventory, April 30 26,600

Total cost of goods manufactured 123,800

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 32,600 + 123,800 - 26,600

COGS= $129,800

Answer:

The correct answer is "$136.44"

Explanation:

According to the question,

Total units will be:

= [tex]10 \ unit+15 \ unit[/tex]

= [tex]25 \ unit[/tex]

Average cost will be:

= [tex]\frac{[(10\times 12)+(15\times 14)]}{29}[/tex]

= [tex]\frac{120+210}{29}[/tex]

= [tex]\frac{330}{29}[/tex]

= [tex]11.38[/tex] ($)

hence,

The cost of sale will be:

= [tex]Units \ sold\times Average \ cost[/tex]

= [tex]12\times 11.38[/tex]

= [tex]136.44[/tex] ($)

Answer:

Littleton Books

Journal Entries:

May 2 Debit Inventory $3,300

Credit Accounts Payable (Readers Wholesale) $3,300

To record the purchase of books on account, terms 1/10, n/30.

May 3 Debit Freight-in $200

Credit Cash $200

To record the freight paid for the books of May 2.

May 5 Debit Accounts Payable (Readers Wholesale) $400

Credit Inventory $400

To record the return of some books.

May 10 Debit Accounts Payable (Readers Wholesale) $2,900

Credit Cash $2,871

Credit Cash Discounts $29

To record the full settlement on account, including discounts.

May 30 Debit Accounts Receivable $4,000

Credit Sales Revenue $4,000

To record the sale of books on account.

Debit Cost of goods sold $2,900

Credit Inventory $2,900

To record the cost of books sold.

May 24 Debit Accounts Payable (Readers Wholesale) $2,900

Credit Cash $2,900

To record the full settlement on account.

Explanation:

a) Data and Analysis:

May 2 Inventory $3,300 Accounts Payable (Readers Wholesale) $3,300

terms 1/10, n/30.

May 3 Freight-in $200 Cash $200

May 5 Accounts Payable (Readers Wholesale)  $400 Inventory $400

May 10 Accounts Payable (Readers Wholesale) $2,900 Cash $2,871 Cash Discounts $29

May 30 Accounts Receivable $4,000 Sales Revenue $4,000

Cost of goods sold $2,900 Inventory $2,900

May 24 Accounts Payable (Readers Wholesale) $2,900 Cash $2,900

Answer: $80

Explanation:

The opportunity cost is regarded as the real cost of the alternative that was left or forgone.

Based on the information given in the question, the opportunity cost is the free ticket to a Post Malone concert that is worth $80 which was given to me by my friend.

Therefore, the correct option is E.

Answer:

$286,100

Explanation:

Calculation to determine the correct inventory amount on December 31.

Using this formula

Correct Inventory amount=Ending Inventory+ Goods received shipping points + Goods shipped FOB destination-Goods received FOB destination

Let plug in the formula

Correct Inventory amount=$253,450+$25,690+$53,020-$46,060

Correct Inventory amount=$286,100

Therefore the correct inventory amount on December 31 is $286,100

Answer: 18%

Explanation:

The expected return on the common stock after refinancing will be calculated thus:

Let's assume that common stock is 1000. Therefore, return will be:

= 15% × 1000 = 150

Since 25% of the common stock is repurchased, this will be:

= 25% × 1000 = 250

Then, this 250 is financed by debt at 6%, and this will be:

= 6% × 250 = 15

Then, the new return will be:

= 150 - 15 = 135

Expected Return will now be:

= 135/(1000 - 250)

= 135/750

= 18%

Answer:

Fund amount is being reduced.

Fund is being eliminated.

Explanation:

For example, when you are recording the expenses paid using the petty cash fund, you debit the expenses and credit the petty cash fund account. This also applies when the petty cash fund is too large and the company wants to reduce it; cash will be debited and the petty cash fund account will be credited.

Answer:

The answer is D.

Explanation:

The correct option is D. -The cost of fencing and lighting is not part of the cost of land. Why? - Because this is the cost to improve land.

Option A is wrong. Cost of levelling and grading is part of the cost of land

Option C is wrong. Purchase price is the main cost in the determining the cost of land

Option D is also wrong

Answer: Communication and well-developed people skills

Explanation:

Since the team comprises of workers who come from different countries, the best tool is the communication and well developed people skill.

These skills are vital when interacting and communicating with others. Since they're from different countries, communication skill is required to build a relationship with them, motivate them and achieve organizational goals.

Answer: discharged by performance

Explanation:

When parties to a contract are discharged from their duties as per the contract, it means that they are no longer party to the agreement. When this is done by performance, it means that the discharge was done because both parties have fulfilled the demands of the contract.

Bob agreed to tutor Lola for two hours and Lola agreed to pay Bob $50 for that. Bob then tutored her for the two hours and was paid the amount. The parties have therefore fulfilled their obligations to each other and so the contract has been satisfied.

Solution :

The following journal entry will be prepared to record the transactions

Date          General Journal                                 Debt($)                  Credit($)

Jan 1    Investment in Cheyenne Co.               2,418,000

             (465,000 x 40% x $13)

           Cash                                                                                         2,418,000

Oct. 25  Cash (465,000 x 40% x $0.4)             74,400    

             Investment in Cheyenne Co.                                                 74,400

Dec 31   Investment in Cheyenne Co.               373,600

               ($934,000 x 40%)  

              Equity income in Cheyenne Co.                                           373,600

Answer:

Shortage = 182 units

Explanation:

Given:

Quantity demanded = 385

Quantity supplied = 203

Find:

Shortage

Computation:

In economic terms, a shortage occurs when the amount sought exceeds the quantity available at the market price.

Shortage is difference between Quantity demanded and Quantity supplied.

Shortage = Quantity demanded - Quantity supplied

Shortage = 385 - 203

Shortage = 182 units

New goods or Services or Improvement in offering goods or services.

[tex]\bf \Large \hookrightarrow \:More \: \: Information : [/tex]

[tex]\Large{\textrm{{{\color{blue}{What \: is \: Innovation ? \: }}}}}[/tex]

Innovation is the process and outcome of creating something new, which is also of value.

Answer: c. competitor imitation

Explanation:

When a company makes a good product that people like and therefore brings in profit, other companies will copy that product if it is not protected by law so that they too can make profit as well.

This is what happened to the Crocs' clogs. Other companies imitated them and so Crocs lost their competitive advantage. This led to prices falling for such footwear as the supply increased. It is for this reason that companies try to get patents when they make a product.

Answer:

Review all email to see if the client was somehow offended. Then analyze listening skills to ensure the client's needs were met. Discuss with a mentor. If the relationship can't be salvaged, learn from the experience and move on.

Explanation:

Due to the fact that Liz received a mail from a long-time client who tells her they were planning on working with another advertising agency, the best response that is the best application of some post-event strategies of resilience are:

1. Reviewing past emails to see if they offend the client in any way

2. Analyse the listening skills to ensure that the client's needs were met

3. Discuss with a mentor

4. Learn from the whole experience

Answer and Explanation:

The journal entry is shown below:

Cash $430  

  To Sales revenue $420

  To Cash over and short $10

(Being cash is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

Cash $972  

Cash over and short $8  

       To Sales revenue $980

(being cash is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

Answer:

The answer is "7.5 times"

Explanation:

Inventory turnover represents the rate where an enterprise sells or substitutes its inventory for a certain period. The stock revenue ratio is the cost of products sold, that are divided by the total equity for the same period.

The efficacy of an entrepreneur's turning stock into sales is evaluated. This ratio also demonstrates whether well the costs of the stock are handled, if the stock is too large or not.

[tex]\text{Inventory turnover ratio} = \frac{\text{Cost of goods sold}}{\text{Average Inventory}}[/tex]

                                       [tex]= \frac{15000000}{2000000}\\\\= \frac{15}{2}\\\\ = 7.5\ times[/tex]

Question Completion:

Inventories:

Beginning   9,940 units  $19,880

Ending       24,140 units

Total net Sales (255,600 units)  $1,060,740

Cost of goods purchased (269,800 units) $867,620

Quarterly Purchases:

Quarters  Units         Unit Costs     Total Costs

1              71,000             $2.98          $211,580

2            56,800               3.10            176,080

3            56,800              3.26             185,168

4            85,200              3.46           294,792

Answer:

Felipe Inc.

Income Statement for the year ended December 31, 2020:

                                       FIFO              LIFO

Sales Revenue         $1,060,740    $1,060,740

Cost of goods sold       803,976        825,304

Operating results      $256,764      $235,436

Explanation:

a) Data and Calculations:

Quarters   Units         Unit Costs     Total Costs

Beginning 9,940            $2.00            $19,880

1               71,000             $2.98            211,580

2             56,800               3.10            176,080

3             56,800              3.26             185,168

4             85,200              3.46           294,792

Total    279,740                               $887,500

Units sold 255,600

Ending inventory = 24,140 (279,740 - 255,600)

FIFO:

Cost of goods sold

= Cost of goods available for sale - Ending inventory

= $803,975.60 ($887,500 - $83,524.40)

Ending Inventory:

= $83,524.40 (24,140 * $3.46)

LIFO:

Cost of goods sold

= Cost of goods available for sale - Ending inventory

= $825,304 ($887,500 - $62,196)

Ending Inventory:

= (9,940 * $2.00) + (14,200 * $2.98)

= ($19,880 + $42,316)

= $62,196        

Answer:

LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.

Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.

a. Results in the highest cost of goods sold. ⇒ LIFO

This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.

b. Yields the highest net income. ⇒ FIFO

Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.

c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO

Reports lowest income due to high cost of goods sold.

d. Better matches current costs with revenues. ⇒ LIFO

LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.

e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.

Uses the exact cost of the inventory so precisely matches costs.

Answer:

See below

Explanation:

Given the above information, margin is computed as;

Margin = Net operating income / Sales

Sales = $37,880,000

Net operating income = $3,508,960

Then,

Margin = $3,508,960 / $37,880,000

Margin = 9.26%

Therefore, the division's margin used to compute ROI is closest to 9.26% approximately

Answer:

Delta Company

1. The financial advantage of accepting the special order is:

= $53,700.

2. The minimum selling price for these units that is relevant is:

= $4.10 (the unit variable manufacturing cost).

Explanation:

a) Data and Calculations:

Normal activity level per year = 86,400 units

Direct materials                                   $ 1.50

Direct labor                                         $ 2.00

Variable manufacturing overhead    $ 0.60

Variable manufacturing cost per unit $4.10

Fixed manufacturing overhead $ 3.75

Variable selling and administrative expenses $ 1.90

Fixed selling and administrative expenses $ 1.00

The normal selling price = $25.00 per unit.

The company’s capacity is 122,400 units per year

Special Order:

Sales revenue             $66,000 (3,000 * $22)

Cost of goods:

Variable manufacturing 12,300  (3,000 * $4.10)

Contribution margin   $53,700

Answer:

the company should do research and find out why costomer are decreasing ,or do surveys, interview

Explanation:

the company must upgrade the service that it way offering before

Answer:

Present

Explanation:

An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period

Answer: Property management

Explanation:

Property management refers to the operation, oversight and the maintenance of real physical properties and real estate.

Since the real estate license holder wants to assist a property owner by soliciting tenants, collecting rents, and being responsible for property maintenance, the license holders should be specialized in property management.

Answer:

Explanation:

As per the Constitution, the Federal government reserves the sole right to print currency. This ensures that all the states have a stable medium of exchange thereby allowing goods and services to flow across states undisturbed.

When the government prints money to enable it pay off its debt, the value of the currency decreases because the supply of money has increased relative to its demand. As a result, the currency will only be able to buy less than it was able to buy before thereby creating a sort of inflation tax because people would be paying an extra amount in order to purchase goods and services