Answer:
Income will increase by $84.
Explanation:
The break-even point is the number of units required to cover the fixed costs. Net income is zero.
First, we need to calculate the unitary variable cost:
Unitary variable cost= 120*0.3= $36
Now, the unitary contribution margin:
unitary contribution margin= 120 - 36
unitary contribution margin= $84
Income will increase by $84.
Variable costs for Abbey, Inc. are 25% of sales. Its selling price is $100 per unit. If Abbey sells one unit more than break-even units, how much will profit increase
Answer:
the increase in profit is $75
Explanation:
The computation of the increase in profit is shown below:
= Selling price per unit - variable cost per unit
= $100 - 25% of $100
= $100 - $25
= $75
hence, the increase in profit is $75
We simply applied the above formula so that the correct value could come
And, the same is to be considered
By dividing the variable cost from the selling price the increase in profit could come
why do countries trade?
Answer:
Most of the time it's simply for goods another country has that they don't.
Explanation:
Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.
Why are craftsman likely to produce fewer goods than modern manufacturers produce?
They do less intensive labor than manufacturing.
They are not organized into uniorhs
They are considered unskilled laborers.
They do more intensive labor than manufacturing
NEXT QUESTION
ASK FOR HELP
Answer:
They do more intensive labor than manufacturing.
Explanation:
Answer:
I see you copy and pasting from ignitia
Explanation:
Concord Corporation sells merchandise on account for $6300 to Windsor, Inc. with credit terms of 2/10, n/30. Windsor, Inc. returns $1500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
$6174
$4800
$4704
$6204
Answer:
$4704
Explanation:
The term 2/10, n/30 means that the buyer will get a 2% discount on the invoice amount if they make full payment with the first 10 days from the invoice date. If not, the full invoice amount is due in 30 days.
The buyer bought goods worth $6300 but made returns of $1500. the net purchases were
=$6300 - $ 1500
=$4,800
If the payment is made within the discount period(10 days), the check amount will be less 2% discount.
i.e. the payment will be 98% of net purchases
=98/100 x $4800
=0.98 x $4800
=$4,704
A company purchased a delivery van for $18,200 with a salvage value of $2,200 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1
Answer:
$1,066.67
Explanation:
Using straight line method, depreciation expense is constant throughout the life of an asset.
Depreciation is calculated as seen below;
Depreciation = Cost of asset - Residual value
= $18,200 - $2,200
= $16,000
Depreciation rate = 1/5 × 100
= 20 percent
Depreciation per year = 20/100 × 16,000
= $3,200
During the year 1, the van operated for four months (Sept, Oct, Nov and Dec)
Depreciation for the four months = 4/12 × 3,200
= $1,066
The senior management of a firm is undecided about the number of employees needed for its new project. To advise the executives, a human resource specialist uses a computer system to estimate how long teams of three different sizes will take to complete the project, assuming the project is of either low, average, or high difficulty. The type of system appropriate for this case is a(n)
Answer:
Decision support system
Explanation:
The decision support system is a system that support the business decisions. It mainly works for reviewing the data of the business in that way where the user could access it and make the decisions accordingly.
In the given situation since it is mentioned how much team is required for project completion so this represent the decision support system
Do you know the answer?
Answer:
yes I do know the answer
Which of the following is true of tangible costs? a. They are difficult to quantify. b. They cannot be calculated in monetary terms. c. Their examples include goodwill and prestige. d. They can be easily measured.
Answer:
d. They can be easily measured.
Explanation:
The tangible cost is the cost i.e. incurred for the tangible things like employees ways, repair expense, purchase of fixed assets, etc
It can be measured and quantified in easily manner
Therefore as per the given options, the last one is correct as it defines the tangible cost and the rest of the options defines the intangible cost
5-1 FUTURE VALUE If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years
Answer:
FV= $16,105.1
Explanation:
Giving the following information:
Present value (PV)= $10,000
Interest rate (i)= 10% = 0.10
Number of periods (n)= 5 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 10,000*(1.1^5)
FV= $16,105.1
On June 1, Oriole Company Ltd. borrows $100,000 from Acme Bank on a 6-month, $100,000, 6% note. The note matures on December 1. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Journal Entry :
Bank $100,000 (debit)
Note Payable : Acme Bank (credit)
Explanation:
In Oriole Company Ltd books the following entries must be made :
The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).
Describe business transaction that will do the following.
a. Increase an asset and increase liability
b. Decrease an asset end decrease liability
c. Decrease an asset and it-crease an expense
d. Increase an asset and increase owner's equity
e. Increase an asset end decrease an asset
f. It-crease an asset and increase revenue
Answer:
a. Increase an asset and increase liability - BUYING INVENTORY ON ACCOUNT.
Buying inventory on account would have the effect of increasing inventory(asset) whilst increasing Payables (liability) as well.
b. Decrease an asset and decrease liability . - PAYING FOR INVENTORY PURCHASED ON ACCOUNT.
When the company pays the vendor it bought goods from on account, this would reduce cash (asset) whilst reducing payables (liabilities) as well.
c. Decrease an asset and increase an expense . - PAYING FOR ADVETISING.
Paying for advertising would decrease cash (asset) whilst increasing the Advertising expense.
d. Increase an asset and increase owner's equity . - SELLING SHARES.
Selling shares would increase the cash (assets) in the business as people will pay for the shares while at the same time increasing the equity in the business as well.
e. Increase an asset and decrease an asset . - RECEIVABLES PAYING FOR GOODS BOUGHT ON ACCOUNT.
When debtors (receivables) pay off the balance of the goods they purchased from the company on account this would increase the cash (asset) in the business while at the same time reducing the Accounts receivables (also asset) in the company.
f. Increase an asset and increase revenue. - SALE OF GOODS.
Selling goods would either increase the cash (asset) or the Accounts receivable (asset) in a company while also increasing the sales (revenue) of the company as well.
Would you rather be a detective or a pilot?
Answer:
I'll rather be pilot so I could have free flights
Suppose that the Federal Reserve has set the required reserve ratio at 0.20 (that is, 20%). Second Republic Bank currently has $150,000 in checkable deposits and $45,000 in outstanding loans. How much money is Second Republic Bank required to hold in reserve in this case
Answer:
Reserves = $105,000
Required reserve = $30,000
Excess reserve = $75,000
Explanation:
Given:
Required reserve ratio = 0.20
Check able deposit = $150,000
Outstanding loans = $45,000
Computation:
Reserves = Check able deposit - Outstanding loan
Reserves = $150,000 - $45,000
Reserves = $105,000
Required reserve = Check able deposit[Required reserve ratio]
Required reserve = $150,000[0.20]
Required reserve = $30,000
Excess reserve = Reserves - Required reserve
Excess reserve = $105,000 - $30,000
Excess reserve = $75,000
You want employees to know that they can talk to retirement planning
Answer:
well I don't want any employees haha but yes the retirement of the employees should be grand with a farewell party
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,500 units) $ 263,500 $ 31.00 Variable expenses 161,500 19.00 Contribution margin 102,000 $ 12.00 Fixed expenses 55,200 Net operating income $ 46,800 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,500 units?
Answer and Explanation:
The calculation of the revised net operating income per month in the following cases:
1. The sales volume increases by 50 units.
Sales revenue (8,550 units × $31) $265,050
Less: Variable expenses (8,550 units × $19) $162,450
Contribution margin $102,600
Less: Fixed expenses $55,200
Net operating income $47,400
2. The sales volume decreases by 50 units.
Sales revenue (8,450 units × $31) $261,950
Less: Variable expenses (8,450units × $19) $160,550
Contribution margin $101,400
Less: Fixed expenses $55,200
Net operating income $46,200
3. The sales volume is 7,500 units.
Sales revenue (7,500 units × $31) $232,500
Less: Variable expenses (7,500 units × $19) $142,500
Contribution margin $90,000
Less: Fixed expenses $55,200
Net operating income $34,800
Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $17,000 and the adjusted basis was $1,500 at the time of the accident. The taxi was repaired at a cost of $2,750 and insurance reimbursed Don $730 of this cost. What is the amount of Don's casualty loss deduction
Answer:Don's casualty loss deduction=$ 770
Explanation:
A Casualty loss is an unexpected or sudden financial loss that occurred as a result of damage or loss of property. It will be calculated as follows
Adjusted basis at the time of accident $1,500
Repair cost on account of accident $2,750
Amount of casualty loss before the adjustments $ 1,500
( which is the Lessor of $ 1,500 and $ 2,750)
Deduct :
Reimbursements gotten from insurance $ 730
Don's casualty loss deduction = $ 1,500 - $ 730 = $ 770
(100 points and brainlyest)
Question 3 Only
Answer: I think the 1st or the 3rd one.
Explanation:
Evidence that a source is authoritative includes
a.
An email address to ask further questions about information in the source
c.
No verbiage used which could identify bias about the information provided
b.
A date regarding when the source was written
d.
Logical structure of the information provided so that it is easily read and understood
Please select the best answer from the choices provided
A
B
C
D
Answer:
A is correct
Explanation:
its right
Answer:
a
Explanation:
edge2020
The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,050 units. The budgeted production units for July are:
Answer: 4,375 units
Explanation:
The budgeted production for July will be;
= July sales + Ending inventory - Beginning inventory
Ending inventory = 25% * August sales =25% * 4,900 = 1,225
Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units
Alex wrote the sentence: The big dog was really fat. He ate a lot. Why does Alex need a thesaurus? a. The sentences begin with the same word c. The sentences lack creativity b. Many words are repeated d. None of these
Answer:C
Explanation:
The sentences lack creativity does Alex need a thesaurus. Hence, option C is correct.
What is lack creativity?The main causes of a lack of creativity are typically overwhelm, the wrong approach, or overwhelming input. It's a straightforward problem to fix. Years ago, I struggled with writer's block. I wanted to create a book, but I was at a loss for good topics.
A lack of creativity or imagination as a trait. dullness, lack of creativity, unoriginality, and commonplaceness.
One of the reasons people don't feel motivated is because they believe innovation is a zero-sum game. They believe, "Never could I accomplish it! That is something I could never come up with as great! "when they notice somebody like Steve Jobs in the news or Einstein in the history books.
Thus, option C is correct.
For more information about lack creativity, click here:
https://brainly.com/question/12610119
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isk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May, $126,000; and June, $136,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $38,000. Prepare a schedule of budgeted cash payments for April, May, and June.
Answer:
Given that Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase, therefore, firstly we need to differentiate the total amount of purchases of each month into 70% and 30%. 70% of the purchases will be paid in current month and balance 30% of the purchases will be ending accounts payable for that month and paid in next month. This is shown as follows:
Particulars April May June
Current month purchases 70% $67,200 $88,200 $95,200
Ending accounts payable 30% $28,800 $37,800 $40,800
Total purchases $96,000 $126,000 $136,000
The schedule of budgeted cash payments for the month of April May and June are shown as follows:-
Schedule of Cash Payments
For April, May, and June
April May June
Cash payments for:
Current month purchases $67,200 $88,200 $95,200
Prior month purchases $38,000 $28,800 $37,800
Budgeted cash payments for materials $105,200 $117,000 $133,000
Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is shipped. The merchandise has not yet been shipped. The seller holds title until the merchandise is received at the buyer's location. The merchandise will not be shipped until payment has been received.
Answer:
The seller transfers title to the buyer once the merchandise is shipped
Explanation:
Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.
So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.
The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.
Which phrase defines complimentary goods
Determine what the net income or loss Use the business transactions below to: 1. Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation. 2. Purchased $500 of supplies on credit. 3. Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21,500, note payable. 4. Real estate commissions billed to clients amount
Answer:
the question is incomplete, so I looked for a similar one:
Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's rent. Paid $250 cash on account for office supplies purchased in transaction 2. Received a bill for $800 for advertising for the current month. Paid $2,500 cash for office salaries. Paid $1,200 cash dividends to stockholders. Received a check for $2,000 from a client in payment on account for commissions billed
Income statement
Service revenue $4,000
Operating expenses:
Rent $700Advertising $800Office salaries $2,500 ($4,000)Net income $0
Accrual accounting recognizes both expenses and revenues when they occur, not when a cash flow is associated to them. E.g. even though only $2,000 were paid by clients, the whole $4,000 must be considered revenue.
that something unique your business should have which other business do not have
Answer:
find a trust ful patner
trying to make unique and helpful things
making things by using natural ingredients like in toothpaste, soap,shampooetc which make other attractive towars our business and sefty to other people
i got some answers here on brainly and all of your answers were wrong?
Answer:
LOL BRO Thats how I be sometimes
A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
Answer:
It will take approximately 78 quarters until the account balance is $0.
Explanation:
This can be calculated using the following formula:
n = log(p / (p - A(q - 1))) / log(q) .................... (1)
Where;
n= Number of quarters it will take until the account balance is $0 = ?
A = Amount used to establish the annuity = $250,000
p = quarterly payment = $5,000
q = 1 + (Annual interest rate / Number of quarters in a year) = 1 + (5% / 4) = 1.0125
Substituting the values into equation (1), we have:
n = log(5000 / (5000 - (250000*(1.0125 - 1)))) / log(1.0125)
n = log(5000 / (5000 - (250000 * 0.0125))) / log(1.0125)
n = log(5000 / (5000 - 3125)) / log(1.0125)
n = log(5000 / 1875) / log(1.0125)
n = log(2.66666666666667) / log(1.0125)
n = 0.425968732272282 / 0.00539503188670614
n = 78.955739505805
Rounding to the nearest quarters, we have:
n = 78. This because the quartely payment is less than $5000 at the end of the 79th quarter.
Therefore, it will take approximately 78 quarters until the account balance is $0.
Suppose the Chief Financial Officer (CFO) of a company is interested in raising funds for a major investment by issuing bonds of varying maturity to investors. One of the longer-term bonds being issued can be purchased for $75,000.00 per bond and pays $7,125.00 annually to the investor. What is the anual interest rate on this bond
Answer:
9.5%
Explanation:
Interest rate on the bond = Annual payment on thr bonds / Cost of the bonds * 100
Interest rate on the bond = 7.125 / 75,000 * 100
Interest rate on the bond = 0.095 * 100
Interest rate on the bond = 9.5%
Thus, the annual interest rate on the bond is 9.5%
A home valued at $168,500 has just had a 70% mortgage loan placed on it. The interest rate is 5.25%. The monthly payment is $651.32 including principal and interest. What will the principal balance of the mortgage loan be after the next monthly payment is made?
Answer:
$117,850.71
Explanation:
the loan = $168,500 x 70% = $117,950
assuming that no payment has been made yet, the interest portion of the monthly payment = $117,950 x 5.25% x 1/12 = $516.03
the loan's principal will decrease by = $651.32 - $516.03 = $99.29
the loan's principal balance after the first payment = $117,950 - $99.29 = $117,850.71
How does increased competition through FDI in the form of greenfield investments affect the host country
Answer: It drives down prices and increases the economic welfare of consumers.
Explanation:
Greenfield investment is a form of Foreign Direct Investment where the investors build a facility/ies in the host nation from scratch as opposed to buying or leasing one.
With increased competition from greenfield investments, consumers would be better off because there will be more quantity of the relevant good available in the market. This will lead to the prices falling and consumers being able to afford more of the good at higher qualities.