1. The following are the year end balances in Sinar's ledgers: Sales RM40,000 Purchases RM12,000 Equipment...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. The following are the year end balances in Sinar's ledgers: Sales RM40,000 Purchases RM12,000 Equipment RM22,000 Bank Overdraft RM8,000 Inventory RM19,000 Capital RM5,000 What is the Trial Balance total? A. RM43,000 B. RM57,000 C. RM53,000 D. RM114,000 2. Depreciation of factory equipment would be classified as: A. operating cost B. administrative cost C. manufacturing overhead D. depreciation expense A A. RM17. B. RM25. C. RM47. D. RM55. 3. At a volume of 15,000 units, Balqis reported sales revenues of RM600,000, variable costs of RM225,000, and fixed costs of RM120,000. The company's contribution margin per unit is: Scanned with CamScanner 4. Green, Sdn Bhd sells a single product for RM20. Variable costs are RM8 per unit and fixed costs total RM120,000 at a volume level of 5,000 units. Assuming that fixed costs do NOT change, Green's break- even sales would be: A. RM160,000. B. RM200,000. C. RM300,000. D. RM480,000. 1. The following are the year end balances in Sinar's ledgers: Sales RM40,000 Purchases RM12,000 Equipment RM22,000 Bank Overdraft RM8,000 Inventory RM19,000 Capital RM5,000 What is the Trial Balance total? A. RM43,000 B. RM57,000 C. RM53,000 D. RM114,000 2. Depreciation of factory equipment would be classified as: A. operating cost B. administrative cost C. manufacturing overhead D. depreciation expense A A. RM17. B. RM25. C. RM47. D. RM55. 3. At a volume of 15,000 units, Balqis reported sales revenues of RM600,000, variable costs of RM225,000, and fixed costs of RM120,000. The company's contribution margin per unit is: Scanned with CamScanner 4. Green, Sdn Bhd sells a single product for RM20. Variable costs are RM8 per unit and fixed costs total RM120,000 at a volume level of 5,000 units. Assuming that fixed costs do NOT change, Green's break- even sales would be: A. RM160,000. B. RM200,000. C. RM300,000. D. RM480,000.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below 1 To calculate the Trial Balance total ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
Students also viewed these accounting questions
-
Sunland Corporation had income from operations of $6,391,800. In addition, it suffered an unusual and infrequent pretax loss of $771,700 from a volcano eruption, interest revenue of $18,240, and a...
-
a. Find the present values of the following cash flow streams. The appropriate interest rate is 10%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if...
-
Refer to the information pertaining to Endless Mountain Company that is provided in Integration Exercise 16. In addition to the budget schedules that you prepared in Integration Exercise 16, insert...
-
Suppose that you are holding your toy submarine under the water. You release it and it begins to ascend. The graph models the depth of the submarine as a function of time. What is the domain and...
-
An agreement cannot bind unless both parties to the agreement know what they are doing and freely choose to do it. This implies that the seller who intends to enter a contract with a customer has a...
-
Why is a labeling data flow diagram so important? What can effective labels on data flow diagrams accomplish for those unfamiliar with the system?
-
Fill in the Blank. The distribution of two is known as _________ distribution
-
Mark Fletcher, president of SoftGro, Inc., was looking forward to seeing the performance report for November because he knew the companys sales for the month had exceeded budget by a considerable...
-
A . Anthony & Sons Concrete Company has been offered by its bank to manage its cash at a cost of $ 3 5 , 0 0 0 per year. Under the proposed cash management, the firm can reduce the cash required on...
-
George Pharmacy is a pharmaceutical salesman who has been very successful at his job in the last few years. Unfortunately, his family life has not been very happy. Three years ago, his only child,...
-
Find f'(x) of f(x)=6lnx-3+2
-
The makers of two kinds of cola are having a contest in the local shopping mall. Assume that 60 % of the people in this region prefer brand A and 40 % prefer brand B. Ten local residents were...
-
An insurance company found that one of 5,000 50-year-old, nonsmoking males will suffer a heart attack in a given year. The company has 50,000 50-year-old, nonsmoking male policyholders. What is the...
-
There are 38 numbers in the game of roulette. They are 00, 0, 1, 2, . . ., 36. Each number has an equal chance of being selected. In the game, the winning number is found by a spin of the wheel. Say...
-
Billings Company is considering leasing a computer for the next 3 years. Two computers are available. The net present value of leasing each computer in the next 3 years, under different business...
-
The following table gives the probability distribution for two random variables: x, which measures the total number of times a person will be ill during a year, and y, the sex of this person, where 1...
-
A steel bolt having 650 mm cross-sectional area, passes centrally through a copper tube of 1200 mm cross-sectional area. The tube is 500 mm long and is closed by rigid washers, which are fastened by...
-
On October 31 Juanita Ortega, owner of Outback Guide Service, received a bank statement dated October 30. Juanita found the following: 1. The checkbook has a balance of $2,551.34. 2. The bank...
-
On March 31, 2016, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,507. This represents the FUTA tax owed for the first quar ter of the...
-
Posting purchases and cash payment transactions. INSTRUCTIONS 1. Open the general ledger accounts and accounts payable ledger accounts indicated below. Enter the balances as of August 1, 2016. 2....
-
Johan Jordan owns a dress shop that has been very successful. He employs 3 sales associates who get paid $10 per hour for a 40-hour week. He decides to open up another dress shop on the other side of...
-
The consistent mass matrix of a bar element is given by a. \(\frac{ho A l}{6}\left[\begin{array}{ll}2 & 1 \\ 1 & 2\end{array} ight]\) b. \(\frac{ho A l}{6}\left[\begin{array}{rr}2 & -1 \\ -1 &...
-
How are fixed boundary conditions incorporated in the finite element equations?
-
True or False. The system mass matrix is always singular unless the boundary conditions are incorporated.
Study smarter with the SolutionInn App