The company's sales volume increase by 19% should result in a net operating income increase of about 83%.
The given July contribution format income statement of Doxtater Corporation is shown below:
Selling price per unit\(\[=\$564,400\div\text{Units sold}\]\)
Variable expense per unit\(\[=\$312,800\div\text{Units sold}\]\)
Contribution Margin per unit\(=\)Selling Price per unit\(-\)Variable Expense per unit
Units Sold\(=\)Contribution Margin\(\[\div \]\)Contribution Margin per unit
Fixed Expenses\(\[=\$193,800\]\)
Net operating income\(=\)Contribution margin\(-\)Fixed Expenses
Net operating income\(\[=\$57,800\]\)
Therefore,
Units Sold\(=\)Contribution Margin\(\[\div \]\)Contribution Margin per unit
Units Sold\(\[=\$251,600\div\left(\$564,400\div\text{Units sold}\right)\]\)
Units Sold\(\[=\$251,600\div\left(\$564,400\div\text{1000}\right)\]\)
Units Sold\(= 445\)
Therefore,
Selling price per unit\(\[=\$564,400\div445\]\)
Selling price per unit\(\[=\$1,267.42\]\)
Variable expense per unit\(\[=\$312,800\div445\]\)
Variable expense per unit\(\[=\$702.02\]\)
Contribution Margin per unit\(=\)Selling price per unit\(-\)Variable Expense per unit
Contribution Margin per unit\(\[=\$1,267.42-\$702.02\]\)
Contribution Margin per unit\(\[=\$565.40\]\)
Fixed Expenses\(\[=\$193,800\]\)
Net operating income\(=\)Contribution margin\(-\)Fixed Expenses
\(\[\$57,800=\left(445\times\$565.40\right)-\$193,800\]\)
If sales increase by 19%, then the new units sold are given below:
New Units Sold\(=\)Old Units Sold\(\[\times \]\)(\(1+\) Percentage Increase in Sales Volume)
New Units Sold\(\[ = 445 \times \left( {1 + 19\% } \right)\]\)
New Units Sold\(\[=445\times 1.19\]\)
New Units Sold\(= 529.55\)
Therefore,
New Sales\(=\)New Units Sold\(\[\times \]\)Selling price per unit
New Sales\(\[=529.55\times \$1,267.42\]\)
New Sales\(\[=\$671,233.91\]\)
New Contribution Margin\(=\)Contribution Margin per unit\(\[\times \]\)New Units Sold
New Contribution Margin\(\[=\$565.40\times529.55\]\)
New Contribution Margin\(\[=\$299,518.02\]\)
New Fixed Expenses\(=\)Fixed Expenses\(=\)$193,800
New Net Operating Income\(=\)New Contribution Margin\(-\)New Fixed Expenses
New Net Operating Income\(\[=\$299,518.02-\$193,800\]\)
New Net Operating Income\(\[=\$105,718.02\]\)
The increase in net operating income is:
Increase in net operating income\(=\)(New Net Operating Income\(-\)Old Net Operating Income)\(\[\div \]\)Old Net Operating Income
Increase in net operating income\(\[=\left( \$105,718.02-\$57,800\right)\div\$57,800\]\)
Increase in net operating income\(=83\%\)
Therefore, the company's sales volume increase by 19% should result in a net operating income increase of about 83%.
Learn more about Cost-volume-profit [CVP] Analysis at https://brainly.com/question/23894490
#SPJ11
All of the following are reasons to attend a vocational school except.
O A. It takes less time than earning a bachelor's degree.
O B. It is cost-effective.
C. Most credits are transferable to four-year colleges.
D. You work with experienced instructors.
Answer:
C. Most credits are transferable to four-year colleges.
Explanation:
Vocational schools offer training on courses that focus on skills required to undertake a particular trade or job function. In vocational training, students are prepared for specific carriers. All other unrelated subjects are disregarded. Due to this and other facts, vocational school training takes less time to complete, is less expensive, and the instructors are specialized.
One cannot transfer credits from vocation training to college. The two institutions offer varied programs that take follow diverse paths, and take different times to complete.
the face value of a bond is the a. value of the bond at maturity plus the price of the bond at purchase. b. value of the bond at maturity minus the price of the bond at purchase. c. price of the bond at purchase. d. value of the bond at maturity, or the amount due at repayment. e. price of the bond at purchase minus the face value of the bond.
The answer is option c. price of the bond at purchase, The face value of a bond is price of the bond at purchase.
Why do ties exist?Identical to an IOU, a bond is a debt security. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds. You are lending money to the issuer of a bond when you purchase one, which could be a corporate, government, or municipality.
How does a bond operate?When they need to raise money, businesses and governments issue bonds. By purchasing a bond, you are effectively lending the issuer money, and in return they pledge to repay you the face amount of the debt on a particular date as well as make periodic interest payments to you along the way, typically twice a year.
To know more about Bond visit:
https://brainly.com/question/17405470
#SPJ4
Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $214,800 of raw materials on credit; issued materials to production of $209,000 of which $34,200 were indirect. Minstrel incurred a factory payroll of $158,400, of which $44,200 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,900 and $29,800 respectively. Compute the cost of product transferred to Finished Goods Inventory: Multiple Choice $599,100. $472,200. $442,400. $447,400. $444,400.
To calculate the cost of the product transferred to Finished Goods Inventory, add direct materials used, direct labor cost (150% of indirect labor cost), and manufacturing overhead, totaling $340,550.
We need to determine the direct labor cost, which is 150% of the indirect labor cost. Then we add the direct materials used, direct labor cost, and manufacturing overhead to obtain the total cost of the product transferred to Finished Goods Inventory.
To calculate the cost of the product transferred to Finished Goods Inventory, we need to add the direct materials used, direct labor cost, and manufacturing overhead.
Direct materials used:
Total materials issued to production - Indirect materials = $209,000 - $34,200 = $174,800
Direct labor cost:
Indirect labor cost * 150% = $44,200 * 1.5 = $66,300
Manufacturing overhead:
Direct labor cost * 150% = $66,300 * 1.5 = $99,450
Total cost of the product transferred to Finished Goods Inventory:
Direct materials used + Direct labor cost + Manufacturing overhead = $174,800 + $66,300 + $99,450 = $340,550
Therefore, the correct option is: $442,400.
Learn more about job order costing here: brainly.com/question/28295481
#SPJ11
sales−mix variance = $300,000 (of), sales−volume variance = $470,000 (u), flexible−budget variance = $230,000 (of), market−size variance = $34,000 (u), calculate the sales−quantity variance.
To calculate the sales-quantity variance, we can use the formula: Sales-quantity variance = Flexible-budget variance - Sales-mix variance - Sales-volume variance
Substituting the given values:
Sales-quantity variance = $230,000 (of) - $300,000 (of) - $470,000 (u)
Sales-quantity variance = -$540,000
Therefore, the sales-quantity variance is -$540,000. This indicates that the actual sales quantity is significantly lower than what was expected in the flexible budget, after adjusting for the effects of sales mix and sales volume.
learn more about flexible here :
https://brainly.com/question/15395713
#SPJ11
There have been ____________ in how men and women communicate.
There have been changes, similarities, differences in how men and women communicate. So option d is correct.
Was do you mean when you say "communicate"?Both verbal and non-verbal methods of sending and receiving signals are used in communication. It takes two-way exchange of information in the form of ideas, thoughts, and opinions for two or more individuals to come to an understanding. The ability to communicate with people and share our needs and experiences helps us build relationships in day-to-day life. It is vital to life since it allows us to express our thoughts, convey knowledge, and share our emotions. We all need to talk to one another.
To know more about communicate visit:
https://brainly.com/question/12349431
#SPJ1
Complete question:
There have been ____________ in how men and women communicate.
a.
changes
b.
similarities
c.
differences
d.
all of the above
, environmental trends and Ethical trends affect a pharmacy business? I need one whole paragraph for them
The negative impact of the production of pharmaceutical products on the natural environment is well known. However, this remains largely unregulated, meaning the extremely toxic impact it has on both animals and humans continues with no clear end in sight.
International organisations and the pharmaceutical industry have begun to notice that the detrimental impact pharma products have on the environment on a global scale.Pharmaceutical products enter the environment at various stages of their life-cycle, but particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat. Lord Jim O’Neill noted this trend in his 2016 UK government-funded independent Review on Antimicrobial Resistance.Although it is a global issue, like other environmental issues, pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.Health Care Without Harm (HCWH) Europe runs the Safer Pharma campaign to raise awareness of the negative relationship between pharma and the environment and challenge the healthcare industry to clean up its production.The production of both active pharmaceutical ingredients (APIs) and finished dose antibiotics is concentrated in specific locations so the resulting point, source pollution, is in incredibly high concentrations and encourages the development of drug resistance,” says HCWH Europe pharmaceuticals policy officer Dr Adela Maghear. “This practice has a detrimental impact on vulnerable populations living near manufacturing facilities and wastewater treatment plants in these countries.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally.
What is it called when businesses are doing poorly and stock prices drop?
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
Why do custom-built, homegrown, and/or investigational technologies pose the greatest risk to research participants?
mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus mega sus ballz ballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballzballz
Physical risks include discomfort, pain, injury, illness, or disease caused by the research methods and procedures. Physical stimuli such as noise, shock, heat, cold, electric gravitational or gravitational fields, and so on can all pose a physical risk.
What are research risks?Greater-than-minimal risk determinations are derived from the definition of minimal risk. Risk in research can refer to the chances that individuals are willing to take in order to achieve a specific goal; or Situational hazards.
A quantitative risk analysis is founded on evidence. It assigns numerical values to risks based on quantifiable data such as costs, logistics, completion time, and staff sick days, among other factors. After a qualitative risk analysis, you'll usually conduct one to further assess the highest priority risks.
Learn more about research risks here:
https://brainly.com/question/11933261
#SPJ2
Judy and Nicolas are playing on the playground when, suddenly, Nicolas pulls Judy’s hair. She shouts “ouch” because even though the dead part that is grabbed can’t feel a thing, what is embedded at the base of the hair that register the pain?
Answer:
When Nicolas pulls Judy's hair, the pain is registered in the nerve endings at the base of the hair follicles. These nerve endings are responsible for sensing touch and other stimuli, and when they are stimulated, they send a signal to the brain that is interpreted as pain. The hair itself does not have any sensation, as it is made up of dead cells, but the nerve endings at the base of the follicles are able to sense the pull and send a signal to the brain.
Explanation:
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
Honesty is an example of a value.
True
False
Answer:
True
Explanation:
Honesty is a value
:)
Answer: true, personally not sure if this is for edge or not
Explanation:
yeah
Advantages and core Purpose of a Statement of Work
Consequences of not having an appropriate Statement of work Components of a Statement of work
Who is responsible to create a statement of work and why
Include a real-life example
The advantages and core purpose of a statement of work are Clarity ,Risk Mitigation, Cost Control etc.
The consequences of not having an appropriate SOW are Misalignment, Budget Overrun ,Poor Quality etc
The components of a statement of work typically include Introduction ,Scope of Work, Deliverables ,Timeline ,Resource Requirements and Performance Metrics
The responsibility to create a statement of work lies with the client or the project manager.
The statement of work (SOW) is a document that outlines the scope, objectives, and deliverables of a project. It serves as a contract between the client and the contractor, providing a clear understanding of what needs to be done, when, and at what cost.
- The advantages and core purpose of a statement of work are:
1. Clarity: A well-written SOW ensures that both parties have a shared understanding of the project's goals, requirements, and timeline.
2. Communication: It facilitates effective communication between the client and the contractor, minimizing misunderstandings and conflicts.
3. Risk Mitigation: The SOW helps identify and mitigate potential risks by outlining responsibilities, deliverables, and performance metrics.
4. Cost Control: It enables accurate cost estimation and budget control, ensuring that the project stays within financial constraints.
5. Legal Protection: A comprehensive SOW protects both parties legally by defining the terms and conditions of the project.
- The consequences of not having an appropriate SOW can include:
1. Misalignment: Without a clear SOW, there may be a misalignment of expectations and goals, leading to delays, cost overruns, and unsatisfactory outcomes.
2. Disputes: Lack of clarity can result in disputes over project scope, deliverables, and payment terms.
3. Poor Quality: Without defined deliverables and performance metrics, the quality of work may suffer.
4. Budget Overruns: A poorly defined SOW can lead to unexpected expenses and budget overruns.
- The components of a statement of work typically include:
1. Introduction: Provides an overview of the project, its objectives, and stakeholders.
2. Scope of Work: Clearly defines what needs to be done, including specific tasks, deliverables, and timelines
3. Deliverables: Specifies the tangible or intangible outputs that need to be provided at each stage of the project.
4. Timeline: Outlines the project's timeline, including milestones and deadlines.
5. Resource Requirements: Identifies the resources, equipment, and materials needed to complete the project.
6. Performance Metrics: Establishes measurable criteria to evaluate the quality and success of the project.
- The responsibility to create a statement of work lies with the client or the project manager. They have the necessary knowledge and understanding of the project requirements to effectively communicate them to the contractor.
- Real-life example: Let's say a company wants to develop a new mobile app. The client, in this case, would be responsible for creating the SOW. They would outline the app's features, functionality, design requirements, and the desired timeline. The SOW would also include details about testing, deployment, and ongoing maintenance. This document would provide a clear roadmap for the app development team, ensuring that all parties are on the same page and working towards a common goal.
For more such questions on SOW visit:
https://brainly.com/question/31681659
#SPJ11
Mike, a minor, buys some real estate as an investment. The contract obligates Mike to make monthly installment payments for 10 years. Mike reaches the age of majority one month after making the contract. After this, Mike makes 25 monthly payments under the contract, but then decides that he wants to rescind the deal. Which of the following is most true?A. Mike can dis-affirm.B. Mike cannot dis-affirm because contracts for the sale of land can only be dis-affirmed before the age of majority.C. Mike cannot dis-affirm because contracts for the sale of land must be dis-affirmed within one year of the age of majority.D. Mike cannot dis-affirm because he has already ratified the contract.
Answer: d. mike cannot disaffirm because he has already ratified the contract
Explanation:
When signing deals it's important to consider long term, this helps to make the best decision in any and most scenario. Most deals signed too cannot be reversed or change or adjusted because it'll affect the policy of the organization and won't be health for them. Mike has agreed to buy a property through a spread payment plan, changing the deal now after some years will not be possible as it distorts the plan intially agreed and goes against the policy of the organization selling the home.
Advertising on a website is considered mainly what type of advertising media.
Answer:
Social media advertising
Explanation:
Types of advertising:
Paid search advertising.
Social media advertising.
Native advertising.
Display advertising.
Print advertising.
Broadcast advertising.
Outdoor advertising.
Determine the efficient market being discussed in each of the following situations.
1. PSE provided all the necessary informations needed by the traders both public and private in the price of stocks.
2. Ms. Kayecee is a regular trader of stocks in the market. Based on the data presented to her, stock prices reflected all past market trading and historical information only.
3. Under this theory, investors still cannot gain systematic profits even if they gather information that is not yet publicly known.
4. Mark, Michael and Marianne are activetly engaged in trading stocks. Based on the reflected stock prices information available include the product, management team, financial statement, competitors and industry.
5. One hundred traders attended the bidding for the newly offered shares. These traders had access on the past
Answer:
1. Strong
2. Semi-strong
3. weak?
4. Strong
5. weak
Explanation:
Not sure about 3
Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM’s defined benefit plan. Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2019. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2016, 2017, and 2018. What is the maximum benefit Alicia can receive in 2019?
Answer:
$225,000
Explanation:
Alicia's total benefits = (2% x 32 years) x [($570,000 + $600,000 + $630,000) / 3] = 64% x $600,000 = $384,000
but Alicia will not be able to receive the full amount in 2019 since the IRS limits the maximum annual compensation received from a defined benefit plan to $225,000 (for 2019, it increased to $230,000 for 2020 and 2021). So Alicia would only receive $225,000 during 2019.
"The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo?"
Answer:
Consumption in Bienmundo =$19bn
Investment in Bienmundo =$6bn
Explanation:
Formula for calculating private savings is ;
1. Private savings = GDP - Tax - Consumption
$5bn = $30bn - $6bn - Consumption
Consumption = $30bn - $6bn -$5bn
Consumption = $19bn
We will also use the formula for calculating GDP without export and import because Bienmundo does not trade with any other country
2. GDP = Consumption + Government expenditure + Investments
$30bn=$19bn + $5bn + Investment
Investments = $30bn -19bn - $5bn
Investments = $6bn
Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
due to a massive marketing campaign, u.s. citizens now prefer philips electronics, a dutch good. this shifts the
The demand curve for Philips electronics would shift to the right.
How would the campaign for Philips electronics affect the demand curve?The campaign can have a significant impact on consumer preferences and purchasing behavior. If U.S. citizens now prefer Philips electronics due to this campaign, it would lead to an increase in demand for Philips products.
As a result, the demand curve for Philips electronics would shift to the right which indicates higher quantities demanded at each price level. This shift reflects the change in consumer preferences and their willingness to purchase more Philips electronics at any given price.
Read more about demand curve
brainly.com/question/16790743
#SPJ1
businesses can reduce income inequality by which action?
Businesses can decrease income equality by paying minimum equal wages to the employees to fulfill their basic needs.
What are the causes of income inequality?Income inequality refers to the fluctuations in the distribution of income among individuals based on their background or society. The reasons for this income equality are a technology that replaces humans at the workplace.
Organizations opted for outsourcing people from overseas for the roles which cause income inequality. Racial discrimination also leads to disparities in the distribution of income among people from different societies or races.
Therefore, organizations need to pay minimum income to employees to reduce income inequality.
Learn more about income equality, here:
https://brainly.com/question/17196775
#SPJ1
To determine if a project is acceptable compare the internal rate of return to the company's ______.
In order to determine if a project is acceptable, it's important to compare the internal rate of return to the company's cost of capital.
It should be noted that the rate of return is determined by assessing the risk involved, cost of capital, etc.
Therefore, to determine if a project is acceptable, one has to compare the internal rate of return to the company's cost of capital. If the IRR is greater than the cost of capital, then the project should be accepted.
Read related link on:
https://brainly.com/question/25648326
Your company is launching several new video game modules, with a separate display ad for each console. Management wants to make sure the ad leading to the most purchases shows more often than the ads not performing as well. To achieve this goal, which type of display creative optimization would you use
Optimize for conversions is a type of display creative optimization.
What is video in-game advertisement?
Whether it's on social media or in video games, video is a crucial format for digital advertising. What users want to experience now is excellent for a dynamic, captivating video.
An object called an ad creative is made up of all the information needed to graphically generate the actual ad. The goal of conversion optimization is to increase the proportion of visitors who take the desired action on a website.
Hence, the significance of the video game is aforementioned.
Learn more about on video game, here:
https://brainly.com/question/27389333
#SPJ1
How important is body language? Explain your opinion.
Answer:
Our body language helps others identify our emotions, status and even our lifestyle. Non-verbal communication plays a significant role in conjunction with the spoken words. ... Any sign of conflict between the body language and our words can make us appear untrustworthy and deceptive.
What are your top ten concepts, ideas, or facts that you have learned from your studies in Parties, Campaigns, and Elections, indicate the significance of them in your list
For part 1. Voter turnout: High or low voter turnout can have a significant impact on election outcomes and the legitimacy of the democratic process.
2. Political party platforms: Party platforms outline their policy positions and provide voters with a clear understanding of a party's stance on important issues.
3. Campaign finance: The role of money in campaigns affects the ability of candidates and parties to communicate their message and mobilize support.
4. Primaries and caucuses: These processes shape the selection of candidates within parties and allow for broader participation in the nomination process.
5. Voter demographics: Understanding the demographics of voters helps campaigns tailor their messaging and outreach strategies to target specific voter groups.
6. Gerrymandering: Manipulating district boundaries can impact electoral outcomes and the representation of certain groups within a political system.
7. Negative campaigning: Negative tactics can influence voter perceptions, but can also undermine the overall quality of political discourse.
8. Incumbency advantage: Incumbent candidates often have higher chances of re-election due to name recognition, resources, and existing networks.
9. Voter suppression: Efforts to restrict or suppress certain groups from voting can undermine the democratic principle of equal participation.
10. Media and campaign coverage: Media coverage shapes public opinion and influences voter perceptions of candidates and issues, playing a crucial role in the electoral process.
To know more about Voter related question visit:
https://brainly.com/question/28341923
#SPJ11
Economics is best defined as the study of how societies deal with.a. True
b. False
False, Economics is the look at of ways people and societies pick to allocate scarce sources.
What is Economics ?Economics refers to the study of how individuals and societies allocate scarce sources. Economics is the study of scarcity and its effects on the use of resources, the production of goods and services, the growth of output and wealth over time, and many other complex issues essential to society. Its four main economic concepts — scarcity, supply and demand, costs and benefits, and incentives — help explain many of the decisions people make. Economics is a discipline that combines political science, sociology, psychology, and history. Studying economics gives you a toolkit of skills, approaches, and ways of thinking that you can apply to a variety of problems.To learn more about Economics from the given link:
https://brainly.com/question/28208676
#SPJ4
Please answer this question
Use the following information for the 2 questions.
Normal balances for some of Roof Company's December 31st, Year 1 are as follows:
Account 12/31/Year 1
Accounts receivable $95,000
Allowance for doubtful (uncollectible) accounts $5,200
During Year 2, sales on account were $531,000 and collections on account were $474,000. Also during Year 2, Roof Company wrote off $5,000 in uncollectible accounts. An analysis of outstanding accounts at year end indicates the Allowance for Doubtful Accounts should be $6,100.
1. The balance in Accounts Receivable on 12/31/Year 2 is:
multiple choice 1
$152,000
$157,000
$43,000
$147,000
$33,000
2. Uncollectible Accounts (or Bad Debts) expense for Year 2 is:
multiple choice 2
$6,100
$1,100
$5,900
$5,000
$4,100
1. The calculation for the balance in Accounts Receivable on 12/31/Year 2:Sales on account during Year 2: $531,000Collections on account during Year 2: ($474,000)Write off of uncollectible accounts: ($5,000)Balance in accounts receivable as of December 31, Year 2: $52,000$531,000 - $474,000 - $5,000 = $52,000Therefore, the balance in Accounts Receivable on 12/31/Year 2 is $152,000. Option (1) is correct.
2. Uncollectible Accounts (or Bad Debts) expense for Year 2 is $5,900.Here is the calculation for Uncollectible Accounts (or Bad Debts) expense for Year 2:Beginning balance of allowance for doubtful accounts on 12/31/Year 1: $5,200Write-off of uncollectible accounts during Year 2: ($5,000)Increase in allowance for doubtful accounts needed at 12/31/Year
2: $900Uncollectible accounts (or bad debts) expense for Year 2: $5,900($5,200 + $900 = $6,100), ($6,100 - $5,000 = $1,100), ($5,900 = $5,900), ($5,000 = $5,000), ($4,100 = $4,100)Therefore, the Uncollectible Accounts (or Bad Debts) expense for Year 2 is $5,900.
To know more about expense visit:
https://brainly.com/question/29850561
#SPJ11
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to
calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the
estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
Answer:
=([Cost] * 1.07)
Explanation:
The question has missing details.
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
\(Total = Cost * (1 + Sales\ Tax)\)
\(Total = Cost * (1 + 7\%)\)
Convert percentage to decimal
\(Total = Cost * (1 + 0.07)\)
\(Total = Cost * 1.07\)
Hence, the Excel equivalent is:
=([Cost] * 1.07)
Answer:
=([Cost] * 1.07)
Explanation:
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
Total = Cost x ( 1 + Sales Tax )
Total = Cost x ( 1 + 7% )
Convert percentage to decimal
Total = cost x ( 1 + 0.07 )
Total = Cost x 1.07
Hence, the Excel equivalent is:
=([Cost] * 1.07)
Plz mark as brainlist..
What is total amount spent on wages and salary before any tax is being taken? [those ernings above £40000 are paying 40% income tax on income tax over £40000 and 20% on anything below £40000
Answer: hello your question is open ended hence I will give you a more general answer
answer : $12,000 * number of workers or $24,000 * number of workers
Explanation:
Income taxes are taxes been levied directly on the income earned by the tax payer.
According to Tax rules there is a certain amount of income an individual would have to earned before any tax will be taken, incomes below $12,000 are tax free ( for singles ) and $24,000 for married individuals ; Hence the Total amount spent on wages and salary before tax is being taken = $12,000 * number of workers or $24,000 * number of workers . ( unless otherwise stated )
Texas star oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, texas star oil could resort to the payment of:.
The Texas star oil could have to resort to the payment of speed money in order to legally overcome the problem.
What is a speed money?A speed money refers to a money paid to speed up some tasks or operations that are been delayed intentionally by someone or some company.
Because of the pending bureaucratic procedures which made the execution of the contract to be delayed, the option of Speed money is most viable option for Texas Star oil.
Read more about bureaucratic
brainly.com/question/17925626