Business, 31.10.2019 04:31, elizabethcswind5062
The following income statement is provided for ramirez company in 2013: sales revenue (1,500 units × $19.00 per unit) $28,500 cost of goods sold (variable; 1,500 units × $7.00 per unit) (10,500) cost of goods sold (fixed) (3,000) gross margin 15,000 administrative salaries (5,000) depreciation (3,000) supplies (1,500 units × $1.00 per unit) net income $5,500 what amount was the company's contribution margin? (do not round intermediate calculations.)
a. $16,500
b. $5,500
c. $18,000
d. $15,000
Answers: 1
Business, 22.06.2019 10:30, volleyballfun24
Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.
Answers: 1
Business, 23.06.2019 01:30, Ecneixneixnwism8984
What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer
Answers: 2
Business, 23.06.2019 01:50, katelynbychurch
Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?
Answers: 3
The following income statement is provided for ramirez company in 2013: sales revenue (1,500 units...
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