Answer:
w2 from each of your employers in order to do your taxes
Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Pretax income $ 217,000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $156,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
Answer:
1. $2,892,000
2. 21.58%
Explanation:
1. Calculation to determine What amount of sales (in dollars) is needed to produce this target income
First step is to calculate the Contribution margin ratio
Contribution margin ratio =$784,000 /$ 3,136,000 Contribution margin ratio= 25%
Now let calculate the Required sales using this formula
Required sales = (Fixed cost+Target income)/Contribution margin ratio
Let plug in the formula
Required sales= ($567,000 +$156,000)/0.25 =
Required sales=$723,000/0.25
Required sales=$2,892,000
Therefore the amount of sales (in dollars) needed to produce this target income will be $2,892,000
2. Calculation to determine margin of safety (in percent)
First step is to calculate the Break even sales
Break even sales = ($567,000/0.25)
Break even sales= $2,268,000
Now let calculate Margin of safety (%
Margin of safety (%) =$2,892,000- $2,268,000)/$2,892,000
Margin of safety (%)=$624,000/$2,892,000
Margin of safety (%)=0.2158
Margin of safety (%)=21.58%
Therefore margin of safety (in percent) will be 21.58%
2. In a geometric series the first term is 36, the last term is 16 and the sum of
the series is 76. Determine the common ratio and the number of terms in the
sequence
Explanation:
In a geometric series the first term is 36, the last term is 16 and the sum of
the series is 76. Determine the common ratio and the number of terms in the
sequence
would anyone like to ............ watch anime
Answer:
aot
Explanation:
last episode soon
Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)
Answer:
A. Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
B. Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
Explanation:
(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.
Dr Bad debt expense $8,686
Cr Allowance for Doubtful account $8,686
[(3%*$385,200)-$2,870]
(Being to record bad debt expense)
B.Preparation of the adjusting journal entry for bad debt expense
Dr Bad debt expense $10,669
Cr Allowance for Doubtful account $10,669
[(3%*$385,200)+$887]
(Being to record bad debt expense)
How do banks make most of their profits?
fees charged to customers for account maintenance
fees on debit cards
savings account deposits
interest charges on loans
HELP ASAP
Collaborating normally takes longer than ______ when engaging in conflict resolution
A. Denying the issue
B. Fighting
C. Compromising
D. Smoothing over the problem
Answer:
A. Denying the issue
Explanation:
can someone help me with this please.
Answer:
sure
Explanation:
no image
Why are employers wiling to pay productive workers higher wages than less productive workers?
Employers are willing to pay productive workers higher wages than less productive workers because they provide fast and effective work compared to the others.
Who are employers?An entrepreneur is an end, individual, business, or both, entity that hires workers and compensates individuals for their labor. Employees are those who receive paid to perform labor. Employers lend workers a job.
The market price of the valuable capacity a majority of vendors collects determines their earnings. These people provide extra work in less time and generate more products for the company.
Since businesses anticipate selling the products and services these employees make at rates adequate to cover the benefits of the employees in addition to any other manufacturing costs, businesses are prepared to pay employees wages.
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Relevant Cash Flows Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $5.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent facilities elsewhere. The land would net $7.7 million if it were sold today. The company now wants to build its new manufacturing plant on this land; the plant will cost $29.3 million to build, and the site requires $1.41 million worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets
Answer: $38,410,000
Explanation:
When recording investments in fixed assets, it is best to use the market value at the time.
The market value of the land will therefore be the relevant cost here.
Initial investment in fixed assets = Market value of land + Cost to build plant + Cost of grading
= 7,700,000 + 29,300,000 + 1,410,000
= $38,410,000
Amount of paycheck often called take home pay
Current Benefit Or Net Pay
A company sells 15,000 units of its single product annually. Annual revenues are $450,000, variable costs are $315,000, and fixed costs are $125,000. The company is considering whether to accept a special order for 3,000 units at the price of $24 each. Fixed costs will remain unchanged if the company accepts the order. The company only has production capacity to make a total of 16,000 units of the product in any given year. If the company accepts the special order, what is the impact on the company’s profit?
Answer:
Decrease in profit = $9,000
Explanation:
The impact on the profit would be the sum of the increase in contribution from the special order less the lost contribution by forgoing the standard order.
Accepting the special order of 3,000 units would mean losing standard contribution on 2,000 units from the current sales unit of 15,000. Remember the company only has excess capacity of 1, 000 units i.e (16000-15,000) So, the additional 2,000 units would need to be forgone at standard price.
Variable cost per unit = 315,000/15,000 = $21
Standard selling price = 450,000/15,000 = $30
Special order price = $24
$
Additional contribution from special order = (24-21) × 3,000 = 9,000
Lost contribution from forgoing standard order (30-21) × 2000 =(18,000)
Decrease in profit (9,000)
By accepting the special order, the company would lose $9,000 of its profit
24. The company is considering two independent projects with an initial cost of $18,000 each. The cash inflows of Project A are $3,000, $7,000, and $10,000 for Years 1 to 3, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 for Years 1 to 3, respectively. The required return is 12 percent and the cutoff discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted
Answer: Project B
Explanation:
To find out the project that should be accepted based on the discount rate and the cut-off discounted payback periods, find the present value of the three year cashflows of each project. If it is larger than the initial investment then it should be accepted:
Project A
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 10,000 / (1 + 12%)³
= $15,376.73
Project A's present value is less than the initial investment of $18,000 so it should not be chosen.
Project B
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 15,000 / (1 + 12%)³
= $18,935.63
Project B's present value is larger than the initial investment of $18,000 so it should be chosen.
What is the purpose of the W-4 form
Answer: The W-4 Form is the IRS document you complete for your employer to determine how much should be withheld from your paycheck for federal income taxes and sent to the IRS. Accurately completing your W-4 will help you avoid overpaying your taxes throughout the year or owing a large balance at tax time.
Explanation:
Salaries and wages are an example of this operating expense.
O professional services
O licenses
O phone and utilities
O payroll
A SWOT analysis stands for what
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
explain the term democracy!!
The Saturday Evening Post was a niche magazine.
True
False
Answer:
False
Explanation:
Delon needs to modify the style of his form elements in Access 2016. Which tab in the ribbon should he use to apply Quick styles to a form? Form Design Tools > Design Form Design Tools > Arrange Arrange Form Design Tools > Format
Answer:
Form Design Tools > Format edg 2021
Explanation:
Form Design Tools> Format is the style Delon needs to modify the form of his elements. Thus, option D is correct.
What is a design tab?The Table Tools contextual tab will appear on the ribbon when you insert or select a table in Microsoft Publisher . You can easily arrange your table, add or remove rows and columns, set the alignment of cells, and format the typography of the text in your table using the two options on this tab, Design and Layout.
Table formatting, cell and table borders, placement of the table on the page, and table size are all included in the Design tab. You can manage the design and appearance of your presentation using the commands on the Design Tab. You can choose a theme from the ones that are offered, and you can alter the color schemes as well. The use of themes streamlines the process of developing polished presentations.
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a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
internet service providers
Cliches are useful to a business writer because they help readers understand the main idea better.
Please select the best answer from the choices provided
T
F
Answer:
F
Explanation:
Answer:
FFFFFFFFFFFFFFFFF
Explanation:
right on edge
The best time to visit a college campus is:
A: During spring break
B: Over the summer
C: on any Friday
D: Monday Through Friday
Ap3x
Answer:
D.
Explanation:
The best time to visit a college campus is over the summer. Thus, option 'D' is the correct option.
When is the best time to do college tours?Since many universities start their autumn term as early as mid-August, it is ideal to visit during the late summer and early September before senior year. If you've already done your study in college, the spring of your junior year is a terrific time. If you participate in autumn sports or are thinking about applying under early action or early decision programs, which often have application deadlines in November of your senior year, spring break is also an excellent idea.
Seniors might find it more beneficial to postpone their visits until the fall or winter. Seniors may be able to restrict their college choices at that time. To entice them to enrol, several institutions offer their chosen prospects to stay a few days on campus before the May 1 reply deadline.
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What is the function of the audio tools on the Format contextual tab?
to edit the bookmark options for start and end times
O to determine how an audio file will appear on a slide
to set the fade in or fade out options on an audio clip
O to play an audio file automatically when a slide appears
Answer:
to determine how an audio file will appear on a slide.
Explanation:
Microsoft Excel is a software application or program designed and developed by Microsoft Inc., for analyzing and visualizing spreadsheet documents.
A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems.
A contextual tab is a special tab that are usually hidden and would only appear when a particular object such as a shape, audio or chart is selected. It contains manipulating, editing and formatting commands that are specific to the object an end user is currently working on.
For example, a new Format tab would appear after adding an audio to a spreadsheet document.
Hence, the function of the audio tools on the Format contextual tab is to determine how an audio file will appear on a slide.
Answer:
B. to determine how an audio file will appear on a slide
Explanation:
hope this helps :)
OFFERING 20 POINTS Whitney's proposal to build 10,000 guns relied on what two important elements found in the modern manufacturing process? interchangeable parts and assembly lines economies of scale and interchangeable parts centralization and efficiencies of scale unions and unskilled labor
Answer:
interchangeable parts and assembly lines
Explanation:
Sandra acquired a passive activity three years ago. Until last year, the activity was profitable, and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive activity income in the current or prior years, her suspended passive activity losses from the activity are: a. $90,000 from last year and $50,000 from the current year. b. $100,000 from last year and $50,000 from the current year. c. $0 from last year and $0 from the current year. d. $50,000 from the current year.
Answer:
c. $0 from last year and $0 from the current year.
Explanation:
$300,000 - $100,000 = $200,000 new at risk basis at the end of last year
at risk basis at the end of current year = at risk basis at the end of last year - current year's loss = $200,000 - $50,000 = $150,000
since at risk basis is still $150,000 (not negative), there is no suspended passive activity loss
Which of the following budgets
would be considered balanced?
A budget where the amount you spend is greater than the amount you
earn.
A budget where the amount you earn is equal or less than to the amount
you spend.
A budget where the amount you save is less than the amount you spend.
A budget where the amount you spend is equal or less than the amount
you earn.
What is the minimum amount due on the following credit card statement?
Money Credit Card Company
Credit Card Holder Account Number
Maurice James 90002002003
Closing Date
5-1-2010
Payment Due Date
5-13-2010
Previous Balance
0.00
Minimum Payment Due
New Balance
202.23
10.00
Credit Line Summary
Total Credit Limit Credit Available
$2,000.00
$1,797.77
New Activity for Maurice James
Posting date Trans. Date
Transactions
4-15-2010 4-15-2010 Store ABC
4-16-2010 4-16-2010 Gas Station
Charge
$130.23
$72.00
2010 Gyron, Inc
$1,797.77
$10
$202.23
$15
Answer: $10
Explanation: It is in the box labeled Minimum Payment Due
Answer:
$10
Explanation:
Can someone please help me with this!!!!
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
Chelsea got a job after school and works on weekends too. A year later, she even got a credit card. Now, she says, I can buy everything I want. What are the consequences of these actions? What advice do you have for her?
what is the source document for payment on account
Answer:
RECEIPT
Explanation:
Receipt is an evidence of making the payment on account of any business transaction. This source document is prepared for showing the proof of giving any cash to the party (who receives the cash) on account of any business transaction.
What’s the difference payment wise between a debit and credit card?