Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available.
Product G Product B
Selling price per unit $150 $180
Variable costs per unit 60 108
Contribution margin per unit $90 $72
Machine hours to produce 1 unit 0.4 hours 1.0 hours
Maximum unit sales per month 550 units 200 units
The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $9,000 additional fixed costs per month. (Round hours per unit answers to 1 decimal place. Enter operating losses, if any, as negative values.)
Required:
1. Determine the contribution margin per machine hour that each product generates.
2. How many units of product G and product B should the company produce if it continues to operate with only one shift? How much total contribution margin does this mix produce each month?

Answer:

                                                              Product G       Product B

Selling price per unit                                  $150                $180

Variable costs per unit                                $60                $108

Contribution margin per unit                      $90                  $72

Machine hours to produce 1 unit          0.4 hours          1.0 hours

Maximum unit sales per month            550 units          200 units

1)

Contribution margin per                     = $90 / 0.4          = $72 / 1

machine hour                                           = $225               = $72

2)

total operating hours per                                   176 hours

month

units produced                                       440 units         0 units

contribution margin                                $39,600                $0

Since Product G generates a much higher contribution margin per machine hour, all the available machine hours (176) should be used to produce it. That would result in 440 units produced and $39,600 generated as contribution margin.

It can often be difficult to determine if a passage is making an inferential claim because such a claim may be either explicit or implicit. An explicit inferential claim uses indicator words or phrases of some sort to inform the audience that a conclusion is being drawn from a set of reasons. By contrast, some arguments contain inferential relationships but do not contain any indicator words or phrases. In such cases the passage is said to be making an implicit inferential claim. Each passage that follows makes an inferential claim. Determine whether the inferential claim in each passage is an explicit inferential claim or an implicit inferential claim. Then indicate this with the dropdown menu provided. Passage A Charity is ultimately self-defeating. This is because charitable contributions either are wasted or promote dependence on charity by their recipients. This is also because charitable contributions are seldom used to treat the underlying cause behind the symptoms that the contributions seek to alleviate. Passage A makes an Passage B Beach balls are not the safe toys that everyone believes them to be. If the plastic tears or breaks, then small children can suffocate if they place their heads within the plastic sphere. In addition, deflated beach balls represent a choking hazard for children and pets, who may accidentally ingest a torn piece of plastic. Finally, an inflated beach ball is a tripping hazard if it is left in an area of high foot traffic. Passage B makes an Passage C An explosion is imminent. The pilot light to the apartment's gas stove went out undetected several days ago, and the tenant is about to return home and open the door while holding a lit cigarette.

On May 10, Paige Corporation issues 2,500 shares of $5 par value common stock for cash at $13 per share.
Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
May 10

When the perpetual inventory system is used, the inventory sold is debited to

If direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be: Group of answer choices Equal to equivalent units completed of conversion costs Equal to the physical units completed Less than physical units completed None of the above

Did you know that you can save 15 or more on car insurance by switching to geico??
;o

Nate received a state tax refund of $590 from his 2020 return in 2021. Nate's filing status was single, and his itemized deductions
were $16,850 on the 2020 return, of which $2,800 was state income taxes. What amount of Nate's state refund will be taxable on the
2021 return?
Select one:
O a. $0
b. $250
c. None of these
d. $2,800
e. $590

TB MC Qu. 16-98 At the beginning of the recent... At the beginning of the recent period, there were 1,020 units of product in a department, 35% completed. These units were finished and an additional 5,400 units were started and completed during the period. 960 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were: Multiple Choice

6 . How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has increased considerably.

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: guppy gummies raskels, and cannies. All of these products have been on the market for some time, but, to entice better sales, Run-of-the-Mills wants to try a new advertisement that will market two of the products that consumers will likely consume together. As a former economics student, you know that complements are typically consumed together while substitutes can take the place of other goods. Run-of-the-Mills provides your marketing firm with the following data: When the price of guppy gummies increases by 5%, the quantity of raskels sold decreases by 4% and the quantity of cannes sold increases by 5%. Your job is to use the cross-price elasticity between guppy gummies and the other goods to determine which goods your marketing firm should advertise together Complete the first column of the following table by computing the cross-price elasticity between guppy gummies and raskels, and then between guppy gummies and cannies. In the second column, determine if guppy gummies are a complement to or a substitute for each of the goods listed. Finally, complete the final column by indicating which good you should recommend marketing with guppy gummies. Relative to Guppy Gummies Cross-Price Elasticity of Demand Complement or Substitute Recommend Marketing with Guppy Gummies Raskels Cannies

Budgeting guidelines that help insure budgeting is a positive motivating force include: (Check all that apply.

Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.

A) Advantage of a sole proprietorship

B)Disadvantage of a sole proprietorship

A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？

Select the correct answer
Which factor increases the risk of is project delays?
Options on picture

Design a business case document to justify why the incubator arrangement is a good strategy to
promote entrepreneurship.

Choose all that apply.
Select all of the wise recommendations for selecting stock.
Listen to stock tips from friends.
Look at the P/E ratio.
Look at the 52-week high and low.
Find information about the company.
Look at the dividend.
Go with what you know.
Look at the opening price.

What are demand deposit accounts?

If Allowance for Doubtful Accounts has a credit balance of $4,400 in the trial balance and bad debts are expected to be 10% of accounts receivable, journalize the adjusting entry for the end of the period.

what is a tax you pay on your income known as

The Case: The hairdressing industry in Pakistan is flourishing day by day. There are certainly lots of hairdressers and each of the hairdressers has a slightly different type of skill. Some salons only cut, some only provide color services, some only do natural hair, some do all types, etc. Also, they have different premises situated in a different location where they provide the services. The prices offered by the hairdresser depend on the services offered by them and its uniqueness. If the particular hairdresser is known for providing the best services in the particular market then he can increase the prices of his services as he knows that consumers can pay slightly more amount of money for his superior services. There is relatively a low barrier for entry and exit for setting up a new hairdresser shop. Requirement: Read the above scenario and explain in which market structure ‘the hairdressing industry’ falls and how?

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 605,000 Cost of goods sold 425,000 Salaries 112,000 ($15,000 is indirect) Utilities 14,000 ($3,000 is indirect) Depreciation 42,000 ($10,000 is indirect) Office expenses 20,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.

THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!! WILL MARK BRAINLIEST!!
1. Economic growth refers to a steady increase in the production of goods and services in an
economic system.
2. There are over 120 million workers in the U.S. economy.
3. The total dollar value of all final goods and services produced in a country during one year
is called the Gross Domestic Product (GDP).
4. The GDP in our economy has declined steadily for the past few years.
5. The base year used in comparing GDPs adds confusion to the comparison.
6. GDP per capita is found by dividing total GDP by the total work force.
7. Both worker training and management techniques have helped improve our productivity.
8. Changes in the business cycle form a pattern of good times to bad times and back.
9. When the economy slows down, it enters a phase of the business cycle known as recession.
10. Recovery in the business cycle occurs after a period of inflation.

In your own words, explain what opportunity cost is? Did you know about this concept? Give an example.

Need Help!!! Plz Brainliest

LONGEST BRO CHAIN GO

QUESTION 2 / 10
Which of the following is the BEST reason to use cash for making purchases?
A. Keeping track of how much you have spent is simple.
B. Splitting bills with friends is easier.
C. Getting more cash from an ATM machine is easy to do.
D. Knowing what you have spent your money on is
simple.

The price system is an important component of the market because it

A ensures that producers are able to profit

B guarantees that consumers get the goods that they want

C coordinates the activities of producers, consumers, and owners of resources

D prevents spillover effects from occurring

Under which ownership type is an owner (or owners) not liable for the company's lawsuits?
A. sole proprietorship
B. partnership
C. franchise
D.corporation

Henrich is a single taxpayer. In 2021, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places.)
a. All of his income is salary from his employer.
Income tax _______
Net investment income tax ______
Total tax liability __________

b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________

c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________

d. Henrich has $197,500 of taxable income, which includes $51,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.
Income tax _______
Net investment income tax ______
Total tax liability __________

What are 3 benefits of the Pay down credit card feature in Quickbooks Online?



A. It allows users to electronically pay their credit card balances from within QuickBooks Online


B. It prevents miscategorization of credit card payment transactions


C. It helps users identify which credit cards have interest rates that are too high


D. It provides easy-to-understand language for non-accountant users


E. It prevents common errors that affect the company's financial statements


F. It compares your client's credit card balances side by side

prowed inder ires. Ta, kender Acobututh Aron: Contule Ae: firparaton for a mual audt ware not inclabd ie the becenter 31 mokerer tount. mis mised in the Deconter 31 inentery tase the bor in in our warahous on inaten. Fer the imventory nums, alene prave a bele in the folounc torme asaes admithed above. Mreuinat: You are a junior accountant, recently employed by Tech 4U, a company that sells smartphones that are customized for each user through a specialized process that allows the purchaser's own photographs to be printed directly on the surface of the phone. As well, the company provides internet access (WiFi hotspots) to customers who choose to purchase their phones with a two-year service plan. The company is based in Alberta and has recently been listed on the TSX Venture Exchange. The December 31,2022 year-end will be the first year that the company is required to present financial statements prepared under IFRS. You arrive at work on a Monday morning in early January 2023 and receive the following email: To: Junior Accountant From: Controller Re: Preparation for annual audit I am preparing the working papers for the December 31,2022 year-end audit to present to the company's auditors when they arrive late next week. In reviewing the draft financial statements and other information, I have identified several issues that need to be addressed: 1) Inventory Errors: in reviewing the documentation obtained during the December 31, 2022 inventory count, I discovered a number of errors. The details are provided below. a) We received an invoice from a supplier on January 3,2023 for goods we purchased with a cost of $16,000. This invoice was entered into our accounts payable system on that date. The goods were shipped by the supplier on December 26,2022 and were received by us on January 3,2023 . The invoice terms were 2/10,n30, FOB shipping. These goods were not included in the December 31 inventory count. b) Included in the inventory count were goods we sold with a cost of $13,000, which were waiting to be picked-up by the freight company for delivery to customers. The terms were 1/10 net 30,FOB shipping. The goods had been invoiced to the customers on December 31,2022 at $22,000. c) We discovered one box of clear plastic covers used to finish the printing process that was missed in the December 31 inventory count. The box was in our warehouse on December 31,2022 but was missed because it was hidden in a corner, behind several other boxes. The box had a cost of $2,000, and the invoice from the supplier had been recorded in our accounts payable system prior to December 31,2022. 2) Revenue Recognition: we offer three options to our customers. They may purchase the phone itself without any photo printing or internet access, they may buy the phone with photo printing but no internet access, or they may buy the phone with internet access and the photo printing. Our product prices and unit sales for 2022 are as follows: Although we only offer these bundles, we have determined using the adjusted market assessment approach that the stand-alone selling price of the photo printing process is $200, and the stand-alone selling price of the internet access is $475. Before I finalize the working papers for the auditor, I need you to summarize the key financial reporting issues. For the inventory errors, please provide a table in the following format: The table should indicate the effect of each error on the relevant accounts if the error remains uncorrected. As well, please provide an explanation of your reasoning for each error. For the revenue recognition issue, please identify the separate performance obligations that we will need to consider in our accounting and provide a calculation showing how much revenue should be recognized in 2022 . Also calculate the amount of deferred revenue that will se reported on the balance sheet at December 31,2022 . Although sales occurred throughout the year, I would like you to simplify the calculation ty assurning all sales occurred on June 30, 2022. I am away on a conference this week. Please provide a memo to me by next Monday that addresses the issues identified above. Required: Prepare the requested memo to the controller. ( 30 marks)