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Question Content Area
The relationship of $392,966 to $122,450, expressed as a ratio, is
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- In conformity with the revenue test, what is the total revenue of the reportable segments? A. 51,000 B. 60,000 C. 71,000 D. 52,000If the price of an item displayed as $44 (GST inclusive) then what is the GST component? Select one:$44 divided by 1/11None of these10% of $4411% of $44$44 multiply by 1/11Clear my choiceSelected financial information for Frank Corporation is presented below. Selected 2017 transactions are as follows: a. Purchased investment securities for $5,200 cash. b. Borrowed $15,400 on a two-year, 8 percent interest-bearing note. c. During 2017, sold machinery for its carrying amount; received $11,300 in cash. d.Purchased machinery for $50,400; paid $9,200 in cash and signed a four- year note payable to the dealer for $41,200. e. Declared and paid a cash dividend of $10,200 on December 31, 2017. Selected account balances at December 31, 2016 and 2017 are as follows: December 31 2017 2016 $ 77,400 $21,200 Cash Accounts receivable Inventory Accounts payable Accrued wages 17,200 52,200 7,200 12,100 60,400 10,400 900 1,200 payable Income taxes payable 5,200 3,100 One-fourth of the sales and one-third of the purchases were made on credit. FRANK CORPORATION Statement of Earnings For the Year Ended December 31, 2017 $404,000 270,000 Sales revenue Cost of sales Gross profit Expenses…
- Which formula below correctly calculates the total revenue for Soloist and Xtreme combined? L2345 1 A B Item Soloist Xtreme Average =SUM(C3:C5) C Revenue 2,560 1,250 1,905 =SUMIF(B3:B4,B3,C3:C4)+SUMIF(B3:B4,B4,C3:C4) =SUMIFS(C3:C4,B3:B4,B3, B3:B4,B4) =SUMIF(B3:B5, B5,C3:C5)What amount should be reported for the year ended December 31 as:A. SalesB. Cost of SalesC. Gross profit59. Question: In conformity with the revenue test, what is the total revenue of the reportable segments? CHOICES: P51,000 P52,000 P71,000 P60,000
- What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000> Quint... M 6 D J 3 E5-18 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] bok int 7 rint 0 erences ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A %252F%252Flms.mheducation.com%252Fmgh M 6 M Search results - yaz... M Question Mode: M... C 11 Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Unit contribution margin Contribution margin ratio 400 Scenario 1 Raises Sales Price to $470 per Canoe $ 54,000 60,000 $ 114,000 $135.00 150.00 $285.00 600 $ 81,000 60,000 $ 141,000 % Contribution Margin Income Statement $ 135.00 100.00 $ 235.00 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Riverside sells its canoes for $370 each. Next year Riverside expects…Using percentage of completion cost to cost input measure the gross profit in 2014 is a. P 60,000b. P 74, 429c. P 160,000d. P 225,714