Convert 27/4 to a mixed number
a. 6 1/2
b. 7
c. 6 3/4
d. 6 1/4
correct: c
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Blenham, Inc sells merchandise on credit. If a customer pays its balance due after the discount period has passed, what is the effect of the payment on Blenham's accounting equation?
a. Assets and stockholders' equity decrease. b. Assets decrease and liabilities increase. c. Assets and stockholders' equity increase. d. No net effect.
Which ethical question is not relevant to the process of marketing a product?
A. Can producers discriminate in favor of, or against, some consumers? B. Who is responsible for harms caused by a product? C. Is the customer's willingness to pay the only ethical constraint on fair pricing? D. What responsibility do producers have for the quality and safety of their products? E. All of the answers are correct. F. None of the answers are correct.
What is meant by the term package body?
What will be an ideal response?
Preston Company is analyzing two alternative methods of producing its product. The production manager indicates that variable costs can be reduced 40% by installing a machine that automates production, but fixed costs would increase. Alternative 1 shows costs before installing the machine; Alternative 2 shows costs after the machine is installed. (a) Compute the break-even point in units and dollars for both alternatives. (b) Prepare a forecasted income statement for both alternatives assuming that 30,000 units will be sold. The statements should report sales, total variable costs, contribution margin, fixed costs, income before taxes, income taxes, and net income. Below the income statement, compute the degree of operating leverage. Which alternative would you recommend and
why??Alternative 1Alternative 2Variable costs per unit…………………$20?Fixed costs……………………………$200,000$274,400Selling price per unit…………………$40$40Income tax rate…………………………25%25% What will be an ideal response?