Brief Exercise 10-3 Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,880. All sales are subject to a 8% sales tax. Compute sales taxes payable. Sales taxes payable$ Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
Answer and Explanation:
The computation of the sales tax payable is shown below:
= Total sales × sales tax rate ÷ (100 + sales tax rate)
= $11,880 × 8% ÷ (100 + 8%)
= $880
Now the journal entry is
Cash $11,880
To Sales Revenue $11,000
To Sales Tax Payable $880
(Being the sales tax payable and sales is recorded)
For recording this we debited the cash as it increased the assets and credited the sales revenue and sales tax payable as it also increased the revenue and liabilities
Related Questions
Opportunity cost is the amount of increase or decrease in cost that would result from the best available alternative to the proposed use of cash or its equivalent.
a) true
b) false
Answers
The given statement is "False". A further explanation is provided below.
Whenever a decision had been made above another, the profit losses are determined as an Opportunity cost. This same notion is merely beneficial as a refresher or recalls to consider all acceptable possibilities well before a person decides.Opportunity costs aren't just an equity account method and hence are not included throughout a company's financial statements. This is simply a notion of the financial assessment.
Thus the above is the right answer.
Learn more about the opportunity cost here:
https://brainly.com/question/12121515
Rita Rodriquez obtained a 24 month
Answers
Answer:
True
Explanation:
snce rita times 4 to the power of rodriquez is 24 then this is proven to be true
f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Answers
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
For more questions on: international trade
https://brainly.com/question/14926566
#SPJ8
In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year.
Answers
There were approximately 8.17 billion cell phone subscribers in the world in 2019
To calculate the number of cell phone subscribers in the world in 2019, we need to find the total increase in the number of subscribers over the five-year period, and add it to the initial number of subscribers in 2014.
First, let's calculate the increase in the number of subscribers each year:
Year 1: 7 billion x 0.03 = 210 million
Year 2: (7 billion + 210 million) x 0.03 = 221.7 million
Year 3: (7 billion + 210 million + 221.7 million) x 0.03 = 233.51 million
Year 4: (7 billion + 210 million + 221.7 million + 233.51 million) x 0.03 = 245.85 million
Year 5: (7 billion + 210 million + 221.7 million + 233.51 million + 245.85 million) x 0.03 = 258.76 million
Now we can add up the total increase over the five-year period:
210 million + 221.7 million + 233.51 million + 245.85 million + 258.76 million = 1.16982 billion
Finally, we can add this total to the initial number of subscribers in 2014:
7 billion + 1.16982 billion = 8.16982 billion
Therefore, there were approximately 8.17 billion cell phone subscribers in the world in 2019
Learn more about cell phone
https://brainly.com/question/15300868
#SPJ4
Full Question: "In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year. How many cell phone subscribers were there in the world in 2019?"
When there is excess supply of a hood in the marketplace, what will the business need to do in order to get rid of the excess?
A. Decrease the price
B. Discontinue the product
C. Nothing
D. Increase the price
Answers
When there is excess supply of a hood in the marketplace, what the business need to do in order to get rid of the excess is: A. Decrease the price .
What is supply?Supply can be defined as the amount of goods that producer or manufacturer produce that is supply to the market or made available for sales in the market.
When there is excess supply of goods and services in the market , the best thing is to decrease the price because by reducing the price of the product consumer that cannot afford the product will buy them or more people will buy the product.
On the other hand if there is excess demand of goods in the market place the best thing to do is to increase the price due to high demand as consumer who desire the product will still buy it despite the increase in price.
Therefore the correct option is A.
Learn more about supply here: https://brainly.com/question/1222851
#SPJ1
What are the steps to consider when enrolling your participating Brokerage
Account in the Broker Data Import Program as a newly hired professional?
Select the three responses that apply and then Submit.
Submit your completed authorization form directly to Independence &
Conflicts Network
Report and enable your brokerage account
If import will not occur by your deadline, report the investments
manually
Submit your completed authorization form directly to your broker
Answers
A brokerage account exists as an investment account that permits you to buy and sell a combination of investments, such as stocks, bonds, mutual funds, and ETFs.
What is Brokerage Account?A brokerage account exists as an investment account that permits you to buy and sell a combination of investments, such as stocks, bonds, mutual funds, and ETFs. Whether you're putting aside money for the future or keeping up for a big purchase, you can utilize your funds whenever and however you want.
Securities account sometimes understood as a brokerage account exists as an account that maintains financial assets such as securities on behalf of an investor with a bank, broker, or custodian. Investors and traders generally have a securities account with the broker or bank they utilize to buy and sell securities.
Broker Data Import Program (BDIP)–A component of the Tracking & Trading System that permits the professionals to acquire automatic downloads of their financial holdings from their official brokerage accounts.
Submit your completed authorization form directly to your brokerIf import will not occur by your deadline, report the investments manuallyReport and enable your brokerage accountTo learn more about Brokerage Account refer to:
https://brainly.com/question/28171956
#SPJ9
what types of information can be obtained for analysis?
Answers
Answer:
Search. Searching for information from a variety of sources. ...
Source Validation. Evaluating the reliability of information sources. ...
Information Gathering. ...
Original Research. ...
Aggregation. ...
Mapping. ...
Categorization. .
What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Answers
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
Read more about insurance policies
brainly.com/question/25855858
#SPJ1
Prepare an income statement for Rex manufacturing for the year ended December 31 using the following information
Finished goods inventory ending $17,000 general and administrative expenses 15,000 accounts receivable 19,000 finished goods inventory beginning 20,000 cost of goods manufactured 41,000 selling expenses 13,000 cash 56,000 land 29,000 sales 94,000 equipment 2000
Answers
The preparation of the income statement for the year ended December 31 is as follows:
Sales $94,000
Cost of goods sold
Begininng finish goods inventory $20,000
Add:Cost of goods manufactured $41,000
Cost of goods available for sale $61,000
Less: Ending finish goods inventory -$17,000
Cost of goods sold $44,000
Gross margin $50,000
Less: Operating Expenses
General and Advertising Expenses $15,000
Selling Expenses $13,000
Total operating Expenses $28,000
Operating Income $22,000
Learn more about the income statement here: brainly.com/question/14308954
The income statement for Rex Manufacturing Co. for the year ended December 31, is as follows:
REX MANUFACTURING CO.
Income StatementFor the year ended December 31
Sales Revenue $94,000
Cost of goods sold 44,000
Gross profit $50,000
Operating expenses :
General &
advertising expenses $15,000
Selling expenses $13,000 $28,000
Net Income $22,000
What is an income statement?An income statement is a financial statement that shows an entity's performance for a financial period.
The income statement shows the difference between Sales Revenue, Cost of goods sold and other expenses, which is regarded as the net income or loss.
Data and Calculations:Cost of goods sold:Begininng finish goods inventory $20,000
Cost of goods manufactured $41,000
Cost of goods available for sale $61,000
Ending finish goods inventory $17,000
Cost of goods sold $44,000
Thus, the income statement of Rex Manufacturing indicates a net income of $22,000.
Learn more about income statement at https://brainly.com/question/24470417
#SPJ1
Martin owns his own motorcycle and ATV store and operates as a small business. He notices that many of his customers talk about golf while in his store. He quickly adds golf carts and golf clubs to his merchandise selection. Rapidly adjusting to the needs of his customers is possible because small businesses
Answers
A producer with only one product has total fixed costs of $15,000 per month. In addition, it cost the producer $100 in variable costs to produce each unit of her product (raw materials and direct labor cost). The producer charges her wholesalers $125 per unit.
a. How many units of the product does the producer have to sell each month in order to break even?
b. The producer has set a target profit of $3,500 per month for this product. How many units must be sold to break even and achieve the $3,500 per month?
Answers
In order to break even, 600 units should be sold.
Also, 740 units have to be sold to break even and achieve the $3,500 per month.
A. First and foremost, we have to calculate the contribution margin per unit and this will be:
= Revenues per unit - Variable costs per unit
= $125 - $100
= $25
Therefore, the break-even units will be:
= Fixed costs / Contribution margin per unit
= $15,000 / $25
= 600 units
Therefore, 600 units have to be sold to breakeven.
B. The units to be sold to attain the target profit will be:
= (Fixed costs + Target profit) / Contribution margin per unit
= ($15,000 + $3,500) / $25
= 740 units
Therefore, 740 units have to be sold.
Read related link on:
https://brainly.com/question/18155783
The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $7.00 per pie.
a. Fill in the marginal revenue (MR) and average revenue (AR) columns.
Instructions: Round your answers to two decimal places.
Baker Street's Costs and Revenues
Quantity TC MC MR AR
20 $135.00 $6.00 $ $
25 162.50 5.50
30 192.50 6.00
35 227.50 7.00
40 272.50 9.00
45 327.50 11.00
Instructions: Enter your answers as a whole number.
b. At the market price of $7.00 per apple pie, how many apple pies should Baker Street make?
blank-apple pies
c. If the market price for apple pies were to rise to $9.00 per apple pie, how many apple pies should Baker Street make?
blank-apple pies
Answers
a)Quantity TC MC MR AR
20 $135.00 $6.00 $7.00 $7.00
25 $162.50 $5.50 $7.00 $7.00
30 $192.50 $6.00 $7.00 $7.00
35 $227.50 $7.00 $7.00 $7.00
40 $272.50 $9.00 $7.00 $7.00
45 $327.50 $11.00 $7.00 $7.00
b)At the market price of $7.00 per apple pie, Baker Street should make a quantity of 35 apple pies.
c)If the market price for apple pies were to rise to $9.00 per apple pie, Baker Street should make a quantity of 30 apple pies.
a. To fill in the marginal revenue (MR) and average revenue (AR) columns, we need to understand the relationship between these values and the market price. In a perfectly competitive market, the marginal revenue (MR) is equal to the market price, while the average revenue (AR) is also equal to the market price.
Baker Street's Costs and Revenues
Quantity TC MC MR AR
20 $135.00 $6.00 $7.00 $7.00
25 $162.50 $5.50 $7.00 $7.00
30 $192.50 $6.00 $7.00 $7.00
35 $227.50 $7.00 $7.00 $7.00
40 $272.50 $9.00 $7.00 $7.00
45 $327.50 $11.00 $7.00 $7.00
b. At the market price of $7.00 per apple pie, Baker Street should make a quantity of 35 apple pies. This is the quantity at which the marginal cost (MC) equals the market price.
c. If the market price for apple pies were to rise to $9.00 per apple pie, Baker Street should make a quantity of 30 apple pies. This is the quantity at which the marginal cost (MC) equals the market price of $9.00. As the market price increases, Baker Street's profit-maximizing quantity decreases due to higher costs and a reduced quantity demanded at the higher price.
In a perfectly competitive market, firms aim to produce at the quantity where marginal cost equals marginal revenue, maximizing their profits. The market price plays a crucial role in determining the optimal quantity a firm should produce to maximize its economic efficiency.
For more such questions on market price
https://brainly.com/question/30676308
#SPJ8
Which kind of businesses are under threat due to the ability to create fake identities and steal credit card numbers and personal data?
The ability to create fake identities and steal credit card numbers and personal data has made ________ a dangerous area for businesses.
Answers
Answer:
theft
Explanation:
I believe that's right
Answer:
e-commerce
Explanation:
got it right on plato
Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?
rule of thumb budgeting
objective and task budgeting
competitive budgeting
arbitrary budgeting
Answers
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?
Answers
Answer:
The new productivity is "29.17 boxes per hour". A further solution is provided below.
Explanation:
The given number of boxes,
= 700 boxes
After the change in the work rule,
The productivity will be:
= \(\frac{700 \ boxes}{3\times 8 \ hours}\)
= \(\frac{700 \ boxes}{24 \ hours}\)
= \(29.17 \ boxes \ per \ hr\)
A benefit of a monopoly is：
a. greater creativity by authors who can copyright their novels.
b. a wide variety of similar products.
c. decreasing long-run average total costs.
d. lower prices.
Answers
A benefit of a monopoly is: a. greater creativity by authors who can copyright their novels.
What is monopoly?Because they give artists and innovators the chance to acquire exclusive rights and financial rewards through intellectual property rights, such as copyright protection, monopolies may be an incentive for creativity and innovation.
Knowing that they may enjoy exclusive ownership and possible financial advantage from their works might motivate authors to invest in producing original and distinctive works.
Therefore the correct option is A.
Learn more about monopoly here:https://brainly.com/question/7217942
#SPJ1
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below.
Balance Sheets
2019 2018
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities 825 500
Common stock 1,225 1,225
Retained earnings 1,000 400
Common equity 2,225 1,625
Total liabilities and equity $3,050 $2,125
Income Statements
2019 2018
Sales $2,265 $1,565
Operating costs excluding depreciation and amortization 1,250 1,000
EBITDA $1,015 $565
Depreciation and amortization 100 75
EBIT $915 $490
Interest 63 46
EBT $852 $444
Taxes (25%) 213 111
Net income $639 $333
Dividends paid $54 $48
Addition to retained earnings $585 $285
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%
The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.
Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.
Answers
The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.
Particular 2018 2019
Current Asset $635 $750
Current Liability $135 $255
Net working capital 500 525
Net increases in working capital 25
The capital expenditure is made are computed:
Ending balance of fixed asset 2300
Add: Depreciation 100
Less: Begging of fixed amount 1490
Capital expenditure: 910
Net income: 677
Add: Depreciation 100
Less: Capital expenditure -910
Less: Net increases in Net WC -25
Free cashflow -158
The 2018 free cash flow for Rosnan Industries is $158.
As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.
Learn more about on balance sheet, here:
https://brainly.com/question/26323001
#SPJ1
A customer requirement from an online retail store is "timeliness of clothing delivery." Which of the following is most likely to be the specific measure of that requirement?
Answers
The thing that is likely to be the specific measure of timeliness regarding retail store is delivery in 7 days or less.
What is a retail store?A retail store simply means a state where goods are sold to the final consumers.
In this case, the specific measure is about timeliness. Therefore, the customer will want the good as soon as possible.
Learn more about retail store on:
https://brainly.com/question/7145120
how useful is knowing the business impact of your project compared to that of your team mates' other work?
Answers
Your company uses an organized method called business analysis to identify and assess the possible effects of disruption to crucial business processes caused by crises, accidents, or catastrophes. A business impact study is a crucial component of a company's business continuity strategy.
If I came upon any of my teammates' evaluation data in a shared folder, I would preserve it before returning it to the teammate.
A project Manager provides a project life, but business impact analysis gives that life a path to success. Projects are helpful and straightforward to utilize, letting the effort you put into the study pay off. A business impact analysis is a fantastic tool for evaluating risk and establishing a recovery plan should it arise. That sounds project-like.
Evaluations frequently center on a person's performance. It relates to their line of business.Every colleague goes through a similar evaluation process once a year. It informs them of their shortcomings and growth.Saving this information is essential since it can aid someone in developing their talents.Learn more about business here https://brainly.com/question/26106218
#SPJ9
The application for a grant asks for this information: funds required for employee salaries, how much we expect to spend on equipment, and what is the length of the project.
Answers
The organization issuing a business grant will always ask for how much the business requires to purchase equipment.
What is a Business Grant?A Business Grant is a type of fund given to the applicant that they are NOT expected to pay back.
This is the reason why the length of the project is NOT material to the Grant application process.
See the link below for more about Business Grant:
https://brainly.com/question/11893765
Which metric would you focus on improving?
Answers
The metric that would be needed to improve in the customer service metrics would be C. Escalations.
What is Customer Service?This refers to the means of complaint that users of a product or service can reach out to and get a resolution of conflict with regards to the product or service.
Hence, we can see that based on the given diagram, it is clear that from the monthly goals, escalation is the lowest as it stands at 9%, therefore, it needs to be improved.
Read more about customer service here:
https://brainly.com/question/12831236
#SPJ1
Your shift's productivity is slow because one person isn't doing his share.
The rest of the team is getting upset.
What would you be most and least likely to do?
Answers
Answer:
help the person out,and not yell at them.
Explanation:
If one person sinks then the whole team sinks. Team work makes the dream work :o
The most and least likely action to resolve the given situation would be as follows:
To know the cause of that individual's inefficiency because it is distressing the other team members as well. As the leader, it is crucial to keep the team motivated and resolve any of the problems or challenges they are facing throughout the process. This will help in resuming the work and productivity effectively back in its required state.Learn more about "Productivity" here:
brainly.com/question/17765678
If I have bought 4 books and 1 pen plus tax each: $12.99, $12.99, $11.99, $7.99, and $3.99. I gave them $60.00. How much money do I get back?
Answers
Your total would be $49.95.
$60 - $49.95
= $10.05
PLEASE HELP
Discussion of how business intelligence is used or could be used to support SpaceX's 3D printing process
Answers
Business intelligence (BI) can be employed to provide assistance to SpaceX's 3D printing procedure in several ways:
How business intelligence is used or could be used to support SpaceX's 3D printing processQuality regulation: BI tools could facilitate the monitoring of the quality of 3D-printed parts, recognize errors anddefects, plus detect areas for advancement. By exploring data from the 3D printing step, SpaceX may discover structures and trends that hint towards potential troubles with both the design as well as fabrication process, allowing them to take corresponding adjustments.
Cost enhancement: BI tools might be implemented to investigatethe cost of 3D printing and pinpoint sections where price savings can be accomplished. For example, by examining information concerning material usage, labor costs, and equipment efficacy, SpaceX will be able to minimize expenditures while retaining greatness.
Process streamlining: BI tools may be exploited to optimize the 3D printing method by discovering hurdles, problems, or opportunities for betterment. For example, by studying data on utilization of machines and printing rate, SpaceX will recognize openings to escalate proficiency and reduce printing time.
Predictive maintenance: BI instruments could promote surveillance of health of 3D printers and anticipate when upkeep or renovations are needed. By evaluating data regarding functioning of devices and maintenance history, SpaceX would be capable of foreseeing repair needs and arrange mending or substitution ahead of time, curtailing downtimes and heightening machine operability.
Read more on business intelligence here:
https://brainly.com/question/30465461
#SPJ1
What is the Importance of Public Personnel Management?
Answers
Public personnel management is crucial for the effective functioning of public sector organizations. It encompasses the policies, practices, and processes involved in managing the human resources of government agencies at various levels.
The importance of public personnel management can be understood from several perspectives:
1. Efficient Service Delivery: Public personnel management ensures that government agencies have competent and motivated employees who can efficiently deliver public services. By recruiting, selecting, and retaining the right people for the job, personnel management contributes to enhancing the quality and responsiveness of public services.
2. Merit-Based System: Public personnel management promotes a merit-based system where individuals are hired and promoted based on their qualifications, skills, and performance rather than favoritism or nepotism. This helps to build a professional and competent workforce and fosters public trust and confidence in government institutions.
3. Employee Development: Personnel management plays a crucial role in providing training and development opportunities to public sector employees. Continuous learning and skill enhancement programs enable employees to adapt to changing work requirements, improve their performance, and contribute effectively to organizational goals.
4. Fairness and Equity: Effective personnel management ensures fairness and equity in the treatment of employees. It establishes transparent and standardized processes for recruitment, performance evaluation, promotion, and disciplinary actions, reducing the likelihood of discrimination and promoting a culture of fairness and equality.
5. Workforce Planning: Public personnel management involves strategic workforce planning to anticipate and address future human resource needs. By identifying skills gaps, succession planning, and implementing effective recruitment and retention strategies, it ensures that the organization has the right people with the right skills in the right positions.
6. Employee Engagement and Morale: Public personnel management practices, such as performance recognition, rewards, and employee involvement, contribute to higher levels of employee engagement and morale. Engaged employees are more likely to be motivated, committed, and productive, leading to improved organizational performance.
In conclusion, public personnel management is essential for efficient and effective public service delivery, promoting a merit-based system, developing employees, ensuring fairness and equity, strategic workforce planning, and enhancing employee engagement. By focusing on the management of human resources, public sector organizations can achieve their objectives and serve the needs of the public more effectively.
For more questions on human resources, click on:
https://brainly.com/question/28569763
#SPJ8
Here are the comparative income statements of Ayayai Corp..
AYAYAI CORP.
Comparative Income Statement For the Years Ended December 31
2017 2016
Net sales $632,600 $521,900
Cost of goods sold 463,600 410,400
Gross Profit 169,000 111,500
Operating expenses 79,300 47,200
Net income $ 89,700 S64,300
Prepare a horizontal analysis of the income statement data for Ayayal Corp, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, eg -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1%.)
Answers
Answer:
Ayayai Corp.
Horizontal Analysis:
2020 Increase 2019
Net sales $632,600 $110,700 21.2% $521,900
Cost of goods sold 463,600 53,200 13.0% 410,400
Gross Profit 169,000 57,500 51.6% 111,500
Operating expenses 79,300 32,100 68.0% 47,200
Net income $ 89,700 25,400 39.5% $64,300
Explanation:
a) Data and Calculations:
AYAYAI CORP.
Comparative Income Statement For the Years Ended December 31
2020 2019
Net sales $632,600 $521,900
Cost of goods sold 463,600 410,400
Gross Profit 169,000 111,500
Operating expenses 79,300 47,200
Net income $ 89,700 $64,300
Percentage increase or decrease = (Increase/Decrease)/Base Year's Value
On 31st March 2009. Suraj has to pay to Ms Chandra Rs.7,000 on account of credit purchase from the later. He paid
Rs. 1.800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after
availing 5% cash discount. On account of final settlement, amount to be paid by Suraj without any discount will be
(a) Rs. 2350
(b) Rs. 2000
(c) Rs. 2200
(d) Rs. 2150
Answers
I don't get it what is meaning
During the current year, the following manufacturing activity took place for a company's products. The beginning work in process, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work in process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the FIFO method?
a. 138,000.
b. 140,000.
c. 145,000.
d. 150,000.
Answers
Answer:
a. 138,000
Explanation:
Equivalent Units of Production (FIFO method)
Whole % Completion Equ. units
Units Dir. Mat.
Beg. Work in process (100% - 70%) 10,000 30% 3,000
Started & completed (140,000-10,000) 130,000 100% 130,000
Ending Work in process 20,000 25% 5,000
Total Equivalent units 138,000
How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
For more such questions on profitability visit:
https://brainly.com/question/24553900
#SPJ8
A company has a beta of 2.91. If the market return is expected to be 16% and the risk-free rate is 8%, what is
the company's risk premium?
Answers
The additional return investors receive over the risk-free rate in exchange for investing in risky assets is known as the risk premium. The company's risk premium will be 24.90%.
What Are the Components of a Risk Premium?The extra return over the risk-free rate that investors need in order to make up for the increased apprehension associated with hazardous assets is known as the risk premium. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
All five of these risk variables have the potential to lower returns, thus investors must be fairly paid for taking them on. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
Learn more about Risk Premium, here:
https://brainly.com/question/28235630
#SPJ1