subject
Business, 11.02.2020 18:29 alyssamaize

Use the following information to determine net income in the financial statements under GAAP:

Number of boats to be sold 530
Upstream costs $5,150,000
Direct materials per boat $53,000
Direct labor per boat $33,000
Overhead per boat $23,000
Downstream costs $2,150,000

Assume the company wants to sell each boat for 25% more than the cost to produce the boat. Which of the following would be the sales price under GAAP and for internal decision purposes?

GAAP Internal Decision
a) $120,000 $136,800
b) $136,800 $136,800
c) $120,000 $114,000
d) $136,800 $114,000

Use the above information to determine net income in the financial statements under GAAP:
Assume the company wants to sell each boat for 20% more than the cost to produce the boat.

Multiple Choice

a. $10,000,000
b. $3,000,000
c. $7,000,000
d. $5,000,000

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, zahrast14
Which of the following is not a consideration when determining your asset allocation
Answers: 3
image
Business, 22.06.2019 19:50, sp00ns
What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849
Answers: 3
image
Business, 22.06.2019 20:10, boofpack9775
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
image
Business, 22.06.2019 20:40, duhfiywge8885
Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?
Answers: 1
You know the right answer?
Use the following information to determine net income in the financial statements under GAAP:
...

Questions in other subjects:

Konu
Mathematics, 28.05.2021 14:00
Konu
English, 28.05.2021 14:00