Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Percent Complete Units Materials Conversion Work in process inventory, May 1 73,000 100 % 50 % Work in process inventory, May 31 53,000 100 % 30 % Materials cost in work in process inventory, May 1 $ 57,900 Conversion cost in work in process inventory, May 1 $ 17,000 Units started into production 251,200 Units transferred to the next production department 271,200 Materials cost added during May $ 120,410 Conversion cost added during May $ 244,261 Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May.

Answers

Answer 1

Answer:

1)Total Equivalent Units  Materials. 324,200 Conversion  286900

2) Cost per equivalent unit Mat. 0.55  Conversion 0.910

3) Ending Work In Process Inventory $ 43,619

4)Cost transferred to next Dept.Mat. 149160  Conversion  246792

Explanation:

Helix Corporation

1) Equivalent Units Weighted Average Method.

                                Units     % of Completion           Equivalent Units

                                           Materials   Conversion   Materials   Conversion

May 31 WIP inventory,  53,000 100 % 30 %         53,000     15,900

Units transferred         271,200                              271,200   271,200

Total Equivalent Units                                          324,200  286900

2) Cost per equivalent unit

Costs                                                 Materials       Conversion

May 1 Work in process inventory, $ 57,900          $ 17,000

Costs added during May               $ 120,410         $ 244,261

Total Costs                                     $ 178310             261,261

Equivalent Units                               324,200           286900

Cost per equivalent unit           178310/324200       261261/286900

                                                  =        0.55                          0.910

3) Ending Work In Process Inventory $ 43,619

Materials 53000 * 0.55= 29,150

Conversion 15,900 * 0.910= 14,469

4) Units Transferred Out

                                                          Materials       Conversion

Units Transferred Out                    271,200            271,200

Costs                                                0.55                0.91

Cost transferred to next Dept.      149160               246792


Related Questions

Can challenging budgets helps employee work harder to achieve goals. Please explain your perspective.

Answers

Employees are also motivated by budgets because they foster a sense of security and certainty within the company. Because a budget ensures financial control, employees become more motivated.

What impact does budgeting have on how employees act?

By establishing goals and objectives and then allocating responsibilities for achieving them, the budget establishes the course for the company.

Employees are aware of the expectations for their specific position and division. Employee participation and suggestions are encouraged throughout budget creation.

One of the largest obstacles to budgeting is indecision, but with a little financial incentive, you can overcome this obstacle. There are a few strategies for overcoming financial hesitancy.

Therefore, Employees are also motivated by budgets because they foster a sense of security and certainty within the company. Because a budget ensures financial control, employees become more motivated. This encourages workers to put in more effort.

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Apart from a job search, a also helps in job advancement.

Answers

Apart from a job search, a job portfolio also helps in job advancement.

What is a job portfolio ?

A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.

Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.

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Explain how swot analysis is different from porters 5 forces

Answers

The SWOT analysis looks at both internal (strengths and weaknesses) and external (opportunities and threats) forces, whereas Porter's 5 Forces are solely external elements.

What are some examples and a SWOT analysis?

Strengths, Weaknesses, Opportunities, and Threats, or SWOT, is an acronym. Your firm has internal strengths and weaknesses that you can improve and exert some control over. Examples include your team members, your patents and other intellectual property, and where you are.

What are the four components of the SWOT analysis?

Strength, Weakness, Opportunity, and Threat is referred to as SWOT. A SWOT analysis helps you to determine the S-W of your firm as well as larger possibilities and threats (O-T). Greater situational awareness is beneficial for both strategic planning and decision-making.

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A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?

Answers

$220,000

Explanation:

Calculation for the company's break-even point in dollar sales

Using this formula

Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin

Let plug in the formula

Break-Even point in dollars sales=$96,800/44%

Break-Even point in dollars sales=$220,000

Therefore the company's break-even point in dollar sales will be $220,000.

An electronics store wants to clear the warehouse of all television models
that producers are updating. It decides to begin offering a sale price of 40%
off. What is the sale price in dollars for a model with a list price of $1,000?
A. $400
B. $40
C. $600
D. $1,400

Answers

Answer:

$600

Explanation:

just took the test

$600  is the sale price in dollars for a model with a list price of $1,000.

What is a list price?

The list cost of a good, sometimes referred to as the big manufacturers retail price, advised pricing, or proposed wholesale price, is the amount that the producer theoretically advises that a retailer sell it for.

The pricing is the advertised price at which a product is made available for purchase throughout a single segment, such as a display, a retail store, a lending library, or a web for a retailer, wholesaler, or importer.

A sale price of 40% off.  

This suggests that the proc that will be applied will be 100 - 40 = 60

a list price of $1,000 is given

Therefore the price will be at 1000 * 60%

= $600

The merchant or shopkeeper determines the list price or MSRP in response to shifts in the regional marketplaces.

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Which business function is responsible for determining the overall strategy and direction of the company money? A. accounting B. marketing C. production D. finance

Answers

Answer: Hello! I'm Jungkook. Here is your answer.....

D. Finance

Explanation:

Hope this helps! Anneyong/Bye!

xoxoKookie

Answer:

The answer is D. Finance.

Explanation:

the management of large amounts of money, especially by governments or large companies: is finance.

"At the market opening, a customer purchases 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share. At the end of that day, the S&P 500 Index declines by 10%. The next day, the index partially recovers and closes up 5%. What will be the market value of the 200 share position?"

Answers

Answer:

Market Value of the 200 share position:

= 200 x $47.25

= $9,450

Explanation:

a) Data and Calculations:

Purchase of 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share

= $10,000 at beginning on purchase date.

Value at the end of the day = $9,000 ($10,000 x 0.90)

Value at the end of the next day = $9,450 ($9,000 x 1.05)

Another way to calculate the above is to concentrate on the unit price

Therefore, purchase price = $50 per share

Value on purchase date = 200 x $50 = $10,000

End of the purchase day price = $45 ($50 x 90%)

Value at the end of the day = 200 x $45 = $9,000

Next day price = $47.25 ($45 x 1.05)

Value next day = 200 x $47.25 = $9,450

A firm has a return on equity of 17 percent The total asset turnover is 2.5 and the profit margin is 9 percent. The total equity is $5,800. What is the net income?
a) $1305
b) $2,465
c) $986
d) $522
e) $394

Answers

The answer is C. 986, hope this helps.
C)986 is the correct answer I believe

in the table, which of the following is most likely to account for the large expected demand for registered nurses

A. the educational requirements to be a registered nurse are increasing more rapidly.

B. The American population is aging and older people need more health care than younger people.

C. The job demands little education.

D.Fewer young people are expected to go to college

Answers

The factor that is most likely to account for the large expected demand for registered nurses is the American population is aging and older people need more health care than younger people.

An increase in demand for registered nurses can result from an increase in the aging population. This group of population would require care for nurses. An increase in demand for registered nurses would lead to a rightward shift of the demand curve for nurses.

If the educational requirements needed to be a registered nurse increases and fewer people are expected to go to college, the supply of registered nurses would decline. If the job requires little education, the supply of registered nurses would increase.

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Answer:

B. The American population is aging and older people need more health care than younger people.

Question 4 (2 points) Which component of the policyholder's coverage is most expensive? Their uninsured motor vehicle coverage Their medical payments coverage Their liability coverage Their collision coverage​

Answers

Their medical payments coverage

why is accouning a service industry

Answers

Answer:

Because it provides support but no tangible goods.

Explanation:

Have a great day! ^_^

Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000

Answers

Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000

How to find the equity?

The Owners equity is one of the parts of the Accounting equation which is:

Assets = Liabilities + Owners Equity

The Assets in this instance is $573,000 and the Liabilities are $272,000.

The Owner's equity is the missing amount and it can be found as:

573,000 = 272,000 + Owners Equity

Owners Equity = 573,000 - 272,000

Owners Equity = $301,000

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For this discussion, you should put yourself in the role of a moderator as you:

For this discussion, you should put yourself in the role of a moderator as you:

Answers

Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.

What are the policies of the Union?

Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.

What are the labor laws?

Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.

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What are unions? What are their roles and policies?

What is the potential downside of the “assess and respond” approach when executing a risk response?

Answers

The "assess and respond" approach is a common method used to manage risks.

What is the potential downside of the “assess and respond” approach when executing a risk response?

There are several potential downsides to consider:

Latency: The assess and respond approach requires time to identify and assess risks, plan responses, and implement those responses. This latency can lead to missed opportunities or ineffective responses if risks evolve quickly.Overreliance on response: The assess and respond approach focuses on response, but may not be effective in preventing risks from occurring in the first place.Limited resources: Implementing responses to risks can be resource-intensive, and organizations may not have the necessary resources to effectively address all risks.Lack of certainty: The assess and respond approach is based on an assessment of risks, but assessments are not always accurate and can lead to incorrect conclusions about the risks that need to be addressed.

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What capability of SuperGroup would be considered costly to imitate?
a. The Superdry brand
b. Expertise of senior management
c. Its owner-entrepreneurial style of management
d. Its rate of expansion

Answers

Answer:

The capability of SuperGroup that would be considered costly to imitate is:

a. The Superdry brand

Explanation:

According to SuperGroup “the Superdry brand is at the heart of the business.” The brand targets discerning customers who seek to purchase “stylish clothing that is uniquely designed and well made.” The brand has “wide appeal, capturing elements of ‘urban’ and ‘streetwear’ designs with subtle combinations of vintage Americana, Japanese imagery, and British tailoring, all with strong attention to detail.”  Historically, the brand targets "customer—teens and those in their early twenties."  Customers love the Superdry products as well as the “theatre and personality” of the stores in which they are sold. The brand is sold with “personalized shopping experiences that enhance the brand rather than just selling clothes.”

Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04

Answers

The solution to the given question when we consider total cost and total revenue, given in the following table:

The Financial Table

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.

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Melinda is excited about working on her financial plan. She has taken the time to look at all of her current resources, accounts, and investments. She also has identified some short- and long-term financial goals. What should Melinda do NEXT to continue her steps in the financial planning process?

Answers

Answer:

Melinda should save and invest for the short term as well as long term goal as she planned.        

Explanation:

Financial planning is very important for a stable future in terms of finance and monetary matters. Financial planning may be defined as the process that will reduce the stress about the finances, helps to support the current needs. It also helps to build or save money for a long term goal. Financial planning is very important as it allows one to make the most use of one's assets, and also ensures one to meet their future goals.

In the context, Melinda is making a financial plan. She had looked over all her her current resources and investments and also made some long term and short term goal which will help her better plan for the future.

Once Melinda had identified her goal, she needs to act on it as soon as possible and contribute or save some money according to the plans. She should invest in the plans in order to support her long term goals.  

Answer:

its A decide what her biggest financial risks are\

Explanation:

(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?

Answers

Willie's guest count percentage variance is 9.82%.

How to calculate guest count percentage

To calculate the guest count percentage variance

Use the following formula:

Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%

Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%

Guest count percentage variance = (7,477 / 76,079) x 100%

Guest count percentage variance = 0.0982 x 100%

Guest count percentage variance = 9.82%

Therefore, Willie's guest count percentage variance is 9.82%.

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Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?​

Answers

To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.

First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.

Gross oil profit for Shop B = 28.4% of $275.00

                                = (28.4/100) * $275.00

                                = $78.10

Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.

Amount of oil used for each oil change = $275.00 / $21.25 per gallon

                                                     = 12.94 gallons (rounded to two decimal places)

Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.

Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used

                                       = $78.10 / 12.94 gallons

                                       ≈ $6.03 per gallon

Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.

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Electronic Arts is a video game company that competes with Activision Blizzard. A condensed balance sheet for Electronic Arts and a partially completed vertical analysis are presented below.Cash and Short-term Investments $1,680 33% Accounts Payable $136 2%Accounts Receivable, Net 312 6 Accrued Liabilities 658 Inventories 42 1 Notes Payable (long-term) 2,009 40Other Current Assets 291 Total Liabilities 2,803 Intangibles 1,974 Common Stock 2,246 44Property and Equipment, Net 548 Retained Earnings 21 1Other Assets 223 4 Total Stockholders' Equity 2,267 45Total Assets $5,070 100% Total Liabilities & Stockholders' Equity $5,070 100%Required: a. Complete the vertical analysis by computing each line item as a percentage of total assets.b. What percentages of Electronic Arts' assets relate to intangibles versus property and equipment?

Answers

Answer:

a. Computation of percentages for Vertical Analysis

Other current Assets  -- (Other current assets/Total Assets) * 100 -- ($291/$5070)*100 -- 6%

Intangible -- (Intangibles/Total assets) * 100 --($1,974/$5,070)*100--39%

Property and Equipment,Net -- (Property and equipment,Net/Total assets)*100-- ($548/$5070)100 -- 11%

Accrued Liabilities -- (Accrued liabilities / Total liability and stockholders Equity)*100 -- ($658/$5070)*100-- 13%

Total Liabilities -- (Total liability/Total liabilities and stock holders Equity) * 100 -- ($2803/$5070) * 100 -- 55%

b. Percentage of intangible and Property and Equipment

Intangibles -- (Intangibles / Total assets) * 100 -- ($1,976/$5070 * 100) -- 39%

Property and Equipment -- (Property and Equipment, Net/Total Assets) * 100 -- ($548/$5070 * 100) -- 11%

Vintage Manufacturing Inc makes a product which goes through three processesShaping, Baing and Packaging On May 1, 2023, Vintage Manufacturing Inc. had 120,000 units in its work in processInventory, 100% complete with respect to materials and 20% complete with respect to Conversion costs The beginning inventory. materials was valued at $130,000 and conversion:$33.600. During May, 160,000 units were startedin the Shaping Department with 170,000 units transferred to the Baking department during the month. The total cost of material is S570,000 and the total Conversion cost is S1,036.400 Materials are added at the beginning of the process. On May 31, 2023 the company's ending work in procesS was 40% complete as to conversion cost and 100% complete as to materials Required: Using the above information complete the Production Cost Report for the Shaping department​

Answers

The Production Cost Report for the Shaping department is as follows:

Vintage Manufacturing Inc. - Production Cost Report (Shaping Department)

------------------------------------------------------------

Units:

- Beginning Inventory: 120,000 units

- Units started: 160,000 units

- Units transferred out: 170,000 units

- Ending Inventory: 110,000 units

Costs:

- Beginning Inventory:

 - Materials: $130,000

 - Conversion: $33,600

- Current Costs:

 - Total Materials Cost: $570,000

 - Total Conversion Cost: $1,036,400

Cost per Equivalent Unit:

- Materials: $570,000 / (160,000 + 120,000) = $1.71 per unit

- Conversion: $1,036,400 / (160,000 + 120,000) = $3.13 per unit

Cost Assignment:

- Transferred out:

 - Materials Cost: 170,000 units x $1.71 per unit = $290,700

 - Conversion Cost: 170,000 units x $3.13 per unit = $531,100

Ending Inventory:

Materials Cost: 110,000 units x $1.71 per unit = $188,100

Conversion Cost: 110,000 units x $3.13 per unit x 40% complete = $137,720

The Production Cost Report for the Shaping department provides information on the units and costs involved in the manufacturing process.

It shows the quantity of units in different stages, including the beginning and ending inventories, units started, and units transferred out. The report also breaks down the costs into materials and conversion costs.

To calculate the cost per equivalent unit, the total materials and conversion costs for the period are divided by the equivalent units of production (units started plus beginning inventory).

This helps in determining the cost per unit for both materials and conversion.

The cost assignment section calculates the cost of the units transferred out and the ending inventory.

For the units transferred out, the cost per unit is multiplied by the number of units transferred. For the ending inventory, the cost per unit is multiplied by the remaining units in inventory and the percentage of completion for conversion costs.

In this case, the Shaping department had a beginning inventory of 120,000 units. During May, 160,000 units were started, and 170,000 units were transferred out.

The ending inventory was 110,000 units. The costs were allocated accordingly, taking into account the cost per unit and the percentage of completion.

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Simple interest is paid oniy on the

Answers

Answer:

Principal amount only

Explanation:

Simple interest is calculated based on the principal amount borrowed or the principal deposit. If the principal amount does not change, the simple interest earned will remain a constant figure through the loan or deposit life. Simple interest does not increase or decrease the principal amount.

Simple interest contrast with compound interest that adds interest earned to the principal amount at the end of a season.

Small Business Management (1)

Please refer attached

Small Business Management (1)Please refer attached

Answers

Small business management refers to the process of overseeing and operating a small business. It involves various activities such as planning, organizing, leading, and controlling business operations to achieve the goals of the organization.

Small business management includes various functional areas such as marketing, finance, human resources, and operations. In order to effectively manage a small business, it is important to have a clear understanding of the business environment, competition, customer needs, and available resources. This requires conducting market research, identifying target markets, developing a marketing strategy, managing finances, and developing a team of skilled employees.

Effective small business management also involves establishing clear communication channels, delegating responsibilities, and establishing performance metrics to measure success. The key to successful small business management is to stay focused, prioritize tasks, and be flexible in adapting to changing business conditions. Overall, small business management is critical for the success of any small business. It requires a combination of skills, knowledge, and experience to effectively manage a small business and achieve its goals.

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Cual es la sociedad que se constituye con el mayor capital inicial?

Answers

Answer:

dont knowntype in eng

bye

ÇIBIL sCore is not the only credit Score in India.

Answers

In India, there are actually multiple credit scoring systems that are used to evaluate an individual's creditworthiness.

While the CIBIL score is certainly one of the most well-known and widely used credit scores in India, it is not the only credit score that lenders and financial institutions rely on. Other credit bureaus such as Experian, Equifax, and CRIF High Mark also offer credit scores that are used by lenders to assess the creditworthiness of borrowers.

Each credit bureau may use a slightly different methodology to calculate credit scores, which is why it's important for individuals to check their credit scores from all relevant bureaus to get a complete picture of their creditworthiness. Additionally, lenders may have their own internal credit scoring systems that take into account other factors beyond just credit history, such as income and employment status.

Therefore, it's important for individuals to be aware of all the credit scoring systems that are used in India and to regularly monitor their credit scores from multiple sources to ensure they have a comprehensive understanding of their financial standing.

By maintaining a good credit score across multiple credit bureaus, individuals can increase their chances of being approved for loans, credit cards, and other financial products with favorable terms and interest rates.

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Which of the following best describes a player's role in any game?
O A. The name of his or her character.
O B. The number of turns he or she gets to take.
O C. The way he or she scores points.
O D. The actions expected of him or her.

Answers

D. The actions expected of him or her.

Emily owns a landscaping business. She offers one-time services to mow, trim the edges, and pull weeds. Emily also offers a monthly subscription service in which the customer can sign up to have their landscaping done twice each month on a continuing basis. For the previous month, Emily collected $2,002 for the monthly subscription services and $1,763 in one-time landscape services. Emily had to purchase a new riding mower for the month which costs $2,076. The businesses overhead for the period was $1,955.
Is this business profitable?

Answers

The business is profitable.

Determining if the business is profitable

In order to determine the profit, of the business, total revenue would be subtracted from the overhead cost.

Profit = total revenue - overhead cost

Total revenue = monthly subscription + one-time landscape services

($2002 + $1763) = $3765

$3765 - $1955 = $1810

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According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.

Answers

The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.

Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.

The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.

Learn more about bank loans, here

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If you suspect that a company will go bankrupt next year, which would you rather hold, bonds issued by the company or equities issued by the company? Why?

Answers

Answer:

The answer is bonds

Explanation:

In the case of a looming bankruptcy, bonds issued by the company will be preferred.

Bond holders are always paid before equity owners(shareholders) in the case of liquidation. Equity owners are the residual owners and they are always the last set of stakeholders to be chose . Bondholders are being paid periodically (monthly, semiannuallly, quarterly or yearly).

Which action should you take if you are in debt

Answers

Collect and save up money in a legal way until you can pay it off
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