Birdy consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, miscellaneous expense. journalize the following selected transactions for january 20y2 in a two-column journal. journal entry explanations may be omitted. if an amount box does not require an entry, leave it blank. date transactions jan. 1. paid rent for the month, $3,000. 4. paid advertising expense, $2,500. 5. paid cash for supplies, $1,800. 6. purchased office equipment on account, $13,900. 12. received cash from customers on account, $14,770. 20. paid creditor on account, $1,475. 27. paid cash for miscellaneous expenses, $700. 30. paid utility (heating) bill for the month, $610. 31. fees earned and billed to customers for the month, $37,300. 31. paid utility (electricity) bill for the month, $900. 31. paid dividends, $800.
Answers
Birdy consulting co. has the following accounts in its ledger: cash, accounts receivable, supplies, office equipment, accounts payable, common stock, retained earnings, dividends, fees earned, rent expense, advertising expense, utilities expense, and miscellaneous expense. We have to journalize the following selected transactions for January 20y2 in a two-column journal.
Journal entries will be as follows:
Particulars Debit (in $) Credit (in $)
1. Rent Expense Account .......dr. $3,000
To Cash Account $3,000
4. Advertisement Expense Account ............dr. $2,500
To Cash Account $2,500
5. Supplies Account ..........dr. $1,800
To Cash Account $1,800
6. Office Equipment Account .......dr. $13,900
To Accounts Payable Account $13,900
12. Cash Account ..........dr. $14,770
To Accounts Receivable Account $14,770
20. Accounts Payable Account ........dr. $1,475
To Cash Account $1,475
27. Miscellaneous Expense Account ........dr. $700
To Cash Account $700
30. Utility (heating) Expense Account ...........dr. $610
To Cash Account $610
31. Cash Account ........dr. $37,300
To Fees Earned Account $37,300
31. Utility (electricity) Expense Account ...........dr. $900
To Cash Account $900
31. Dividends Account ..........dr. $800
To Cash Account $800
Hence, the journal for the given transactions will be as given above.
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Related Questions
Due to the necessity of living on a fixed income, many retirees find it difficult to _______. a. Afford to keep their large homes b. Maintain their old standard of living c. Pay for unexpected expenses d. All of the above
Answers
Answer:
D:all the above
Explanation:
i took the unit test.
Answer:
Its 100% D
Explanation:
Got a 100%
If the current spot rate is 94.22 yen/dollar, the forecast inflation is 1.4% for Japan, and 5.7% for the US, the 180-day euro-yen deposit rate is 4.5%, and the 180-day euro-dollar deposit rate is 9.3%, calculate the 180-day forward rate yen/dollar
Answers
The formula to calculate the 180-day forward rate yen/dollar is as follows: F(dollar/yen) = S(dollar/yen) × (1 + Rd) / (1 + Ry)Where; S(dollar/yen) is the current spot rate dollar/yen, Rd is the 180-day euro-dollar deposit rate, and Ry is the 180-day euro-yen deposit rate.
Using the given information, let's calculate the 180-day forward rate yen/dollar; S(dollar/yen) = 94.22 yen/dollar Ry = 4.5%Rd = 9.3%Inflation difference = 5.7% - 1.4% = 4.3% (as given, the forecast inflation is 1.4% for Japan, and 5.7% for the US)So, the 180-day forward rate yen/dollar is: F(dollar/yen) = 94.22 × (1 + 0.093) / (1 + 0.045) = 98.453 yen/dollar (rounded to three decimal places).Therefore, the 180-day forward rate yen/dollar is 98.453 yen/dollar.
If the current spot rate is 94.22 yen/dollar, the forecast inflation is 1.4% for Japan, and 5.7% for the US, the 180-day euro-yen deposit rate is 4.5%, and the 180-day euro-dollar deposit rate is 9.3%, calculate the 180-day forward rate yen/dollar.
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Which career stage may involves individuals' analysis of their own competences and skills. a. Maintenance b. Individual assessment c. Establishment
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The career stage that may involve individuals' analysis of their own competences and skills is the individual assessment stage. This stage typically occurs after the establishment stage, where individuals have already secured their career paths and are now focused on growing their skills and expertise.
During the individual assessment stage, individuals take the time to evaluate their strengths, weaknesses, and areas for improvement. This self-analysis is critical in helping individuals identify their career goals and develop a plan to achieve them.Individuals who are in the individual assessment stage may seek out opportunities to gain new knowledge or skills through training, certifications, or advanced degrees. They may also seek out mentors or other professionals in their field who can provide guidance and support as they work to improve their competencies. Additionally, individuals in this stage may also look for opportunities to challenge themselves, such as taking on new projects or responsibilities at work.Overall, the individual assessment stage is a crucial part of career development as it helps individuals identify their unique strengths and weaknesses and develop a plan to achieve their career goals. Through ongoing self-analysis and improvement, individuals can continue to grow and advance in their chosen fields, achieving success and satisfaction in their careers.
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Discuss whether or not growth of an industry will increase the profit earned by the firms in the industry.
Answers
Answer: Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Explanation:
Industries have their various activities, competition, customers (both prospective and existing). A growth in industry would mean that there is a larger demand for what is been sold in that industry, and when the demand is high, their would be lack, which would create that gap and allow marketers or producers get more profit, based on the high demand now. Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Destani bought stock in her favorite technology company, giving her legal property rights to the business. Destani is now a(n) ____.
Answers
Destani is now a shareholder or stockholder of the technology company. Shareholders have a financial interest in the company's performance and can potentially benefit from any increase in the stock's value.
As a shareholder, Destani holds legal property rights to the business in the form of stocks or shares that she has purchased. By buying stocks, Destani becomes a partial owner of the company and is entitled to certain rights and privileges, such as voting rights, receiving dividends, and participating in decision-making processes.
Being a shareholder also means that Destani has a financial interest in the company's performance. If the company performs well and its stock price increases, she may benefit from selling her shares at a higher price than what she paid for them, resulting in capital gains. On the other hand, if the company performs poorly and its stock price declines, Destani may experience a loss if she decides to sell her shares.
Shareholders have a financial interest in the company's performance and can potentially benefit from any increase in the stock's value. They also bear the risk of potential losses if the company's stock price declines. Overall, being a shareholder grants Destani ownership and certain rights in the technology company.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
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hope it helps
The job outlook suggests that the translator field will likely to continue to grow. Will likely to continue to shrink. Has changed very little over time. Tends to be unclear or hard to predict.
Answers
From the information given, the job outlook implies that the translator field will likely to continue to grow.
According to the complete information, a chart was given to show facts that related to professional interpreters.
It can be deduced from the chart that was given that the job outlook will suggest that the translator field will likely to continue to grow. This can easily be deduced from the chart.
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Answer:
A. will likely to continue to grow.
Explanation:
The world as we know it is at a halt. This fast-pacing planet and its success hungry people have been put on hold. With so much advancement in all sectors of science, we are still struggling to find an actual cure for this worldwide pandemic. People are stuck at home doing all the work that they would have to do in the outside world. Amidst all these negatives, a positive in this pandemic is the evolution of online platform. One of the stores that popped up in the crowd is Hot Pan, a groundbreaking cloud kitchen that sells pizza at doorstep until 4 am. Now answer the following,
f. How will you manage the wailing line? (1.5 Marks)
g. Figure out the required number of servers.
Answers
f. To manage the wailing line of Hot Pan, the following things can be done:1. The restaurant can send notifications to customers when their orders are ready.2. Hot Pan can offer online ordering services to reduce the time spent in queues.3. Hot Pan can provide self-order kiosks that can assist customers in placing orders and making payments quickly.
g. To figure out the required number of servers for Hot Pan, the following steps should be taken:Step 1: Determine the sales rate of pizzas per hour during peak hours. For example, if they sell 100 pizzas per hour during peak hours, this is the minimum number of servers they will need to have.Step 2: Determine the time it takes to make and deliver each pizza. For example, if it takes 10 minutes to make and deliver one pizza, then they will need at least 6 servers to handle 100 pizzas in an hour.Step 3: Adjust the number of servers based on the number of orders received during peak hours. If there is an increase in demand, more servers will be required to handle the orders efficiently.
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At the beginning of the day, stock XYZ opened at $4.25. At the end of the day,
it closed at $5.25. What is the rate of change of stock XYZ?
Answers
Answer:
23.53%
Explanation:
The actual change will be $5.25 minus $4.25
=$5.25 - $4.25
=$1
the percentage change will be
=1$/$4.25 x 100
=0.23529 x 100
=23.529
=23.53%
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Manuel wants to better manage his money and has started to seriously focus on financial planning. He has looked at his accounts and his other resources. What is the NEXT step Manuel should take in the financial planning process?
Identify his short-term and long-term financial goals.
Identify his potential goals.
Periodically review and revise his financial plan.
Answers
Answer: A. Identify his short-term and long-term financial goals.
Explanation:
You're welcome :)
After going over his accounts and resources, Manuel should reflect on his short-term and long-term financing.
What is short and long-term finance?Short period financing methods cast off a mortgage to make a purchase, commonly with a time period of much less than 365 days. Trade credit, commercial bank loans,commercial paper and secured loans.
Long period finance may be described as any economic device with an exceeding one year, consisting of financial institution loans, bonds, leasing, and different sorts of debt finance, public finance instruments.
So from the above declaration, it's clear that short and long-time period financing, is the ideal answer.
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Suppose the mean and median sales prices of new homes sold in the united states in a certain month were $218045 and $247631 which of these numbers is the mean and which is the median?
Answers
Mean sales price: $218,045
Median sales price: $247,631
The given information states that the mean and median sales prices of new homes sold in the United States in a certain month were $218,045 and $247,631, respectively.
To determine which number represents the mean and which represents the median, we need to understand the definitions of mean and median.
The mean, also known as the average, is found by summing up all the values in a set and then dividing the sum by the total number of values. In this case, the mean sales price is $218,045.
The median, on the other hand, is the middle value of a set of numbers arranged in ascending or descending order. If there is an odd number of values, the median is the middle number. If there is an even number of values, the median is the average of the two middle numbers. In this case, the median sales price is $247,631.
Therefore,
- The number $218,045 represents the mean.
- The number $247,631 represents the median.
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
T/F: several factors can cause the SRAS curve to shift; these factors include a change in the cost of inputs, a change in taxes, and even a change in seller expectations
Answers
True. Several factors can cause the short-run aggregate supply (SRAS) curve to shift. These factors include changes in the cost of inputs, changes in taxes, and changes in seller expectations.
Firstly, a change in the cost of inputs, such as raw materials or labor, can directly impact production costs for firms. If input costs increase, firms may face higher expenses, resulting in a decrease in their willingness and ability to supply goods and services in the short run. This leads to a leftward shift of the SRAS curve.
Secondly, changes in taxes can also affect the SRAS curve. For example, if taxes on businesses or producers are reduced, it can increase their after-tax profits and incentivize them to expand production. This can result in an increase in aggregate supply, shifting the SRAS curve to the right.
Lastly, changes in seller expectations can influence the SRAS curve. If sellers anticipate future increases in demand or higher prices, they may adjust their production levels accordingly. This can lead to an increase in aggregate supply and a rightward shift of the SRAS curve.
Therefore, it is true that several factors, including changes in the cost of inputs, changes in taxes, and changes in seller expectations, can cause the SRAS curve to shift.
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Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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Word processing software
Video recording device like a camera or a phone
Throughout this course, you’ve been busy helping people in all kinds of careers solve issues or create projects in their line of work. Now it’s time to focus on you! In this activity, you will take the results from your O*Net Interest Profiler and the knowledge you’ve gained in the past units and use both to decide what might be a great career for you! You will put all this information together and create a Career Action Plan.
Part 1: Laying the Pathway
Save this word document as ‘Laying the Pathway.’
Part 2: Compiling the Paperwork
Great! You’ve laid out your pathway. Now, we need to gather all the papers you’ll need to apply for jobs.
Step 1: Resume
Now for the next part of your Career Action plan, the first thing you are going to do is create a resume. Create your resume document from a template. You might find one in your word processing program or by searching the internet for a free resume template. Then, make sure your resume contains the following components:
Is your resume filled in? Is it nice and neat, with everything spelled correctly? Great! Remember to save your Resume to include in your Career Action Plan.
Step 2: Cover Letter
Now, we will work on your cover letter. Remember, a cover letter is a document that explains in your own words and more detail why you are the perfect candidate for the job you are applying for. This is how your cover letter should break down:
Proofread your cover letter for errors. If you are satisfied with it, save it under ‘Cover Letter’ to include in your Career Action Plan.
Step 3: Job Application
With your resume and cover letter, you will usually need to fill out a job application that is specific to the company you are applying to. Much of the information will be a repeat of what is in your resume, but job applications make it easier for a human resources manager to know exactly where to look for specific information.
Use a search engine to find a free mock job application form. Take the information you put in your resume and fill out the job application. Save this as ‘Job Application.’
Part 3: It’s Time to Sell
You may not have chosen Marketing as your career pathway, but we all must sell a bit when it comes to finding a job. We are selling ourselves! In an interview, it is important to help the recruiter or employer to understand what you are all about and how you will be a benefit to the company. Look back over the tips you’ve learned so that you can put your best foot forward.
One thing that we must think about in interviews is proper business etiquette, or behavior. Remember when you were little, and your parents were constantly reminding you to ‘mind your manners’? Well, this idea of manners and polite behavior is especially important when you get a job. The way you act will reflect on the company that you work for, so if you are polite, hardworking, and courteous, this will benefit your employer. It will also make you much more likely to get along with your coworkers! Some rules of business etiquette include:
Being on time (show respect for others’ schedules)
Dressing appropriately (be a good visual representative of your company)
Speaking politely (use proper titles and avoid interrupting others or using bad language)
Avoiding gossip (don’t repeat things about coworkers)
Showing interest in others (make eye contact, don’t play with your phone while in a conversation)
Write emails respectfully (don’t be sarcastic, type in all caps, or fail to sign an email)
In this part of your Career Action Plan, you will video yourself during a mock interview. Have a partner read you the questions below (or if that is not possible, read them out loud to yourself). Then answer, looking at the camera as if it is the interviewer. Use appropriate business etiquette in your interview so that your prospective employer will want you to represent their company. Remember to speak clearly and smile!
Interview Questions
Can you tell me a little bit about yourself?
Why are you applying for this position?
What have you learned in your classes to prepare you for this position?
How would you be a good fit for this position?
What are your strengths and weaknesses?
Remember to answer all five questions in your interview. Save your video to upload with the rest of your plan. You can name it ‘Interview.’
You did it! Congratulations! You have completed your Career Action Plan.
Submit the following documents:
DO NOT DO VIDEO NOT NEEDED I WILL DO THAT
Answers
Multimedia tools are used in digital storytelling to bring stories to life. Digital stories can be used to convey an argument, reflect on a personal experience, teach a subject, or retell a historical event.
How can I advance in my profession?Use these 12 work success guidelines to begin experiencing career success.
a. Choose Your Job Carefully.
b. Always be learning.
c. Recognize the demands of your position.
d. Work as a team.
e. Assume Responsibility for All Your Actions.
A lifestyle career is what?Both people are capable of completing the duties necessary for their jobs, but their schedules will differ. "Work as a Lifestyle" gives businesses and employees the power to find balance, select the schedule that works best, and more.
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when you design a process to achieve the mix of friction and flow that you think will most benefit your customer, what should you do before taking that design to market?
Answers
Before taking a process design to market, there are several steps that you should take to ensure that the mix of friction and flow you have designed will indeed benefit your customer:
Test the process design: Implement the process design in a test environment to see how it performs and whether it achieves the desired mix of friction and flow. This will help you identify any flaws or issues with the design that need to be addressed before taking it to market.
Gather feedback from customers: Solicit feedback from potential customers to understand their needs and preferences. This will help you tailor the process design to better meet their needs and ensure that it is well-received in the market.
Conduct market research: Conduct market research to determine whether there is a demand for the process design and whether it will be competitive in the market. This will help you determine pricing and positioning strategies, as well as identify any potential barriers to adoption.
Develop a marketing plan: Develop a comprehensive marketing plan that outlines how you will promote and sell the process design to customers. This should include strategies for reaching target audiences, positioning the product in the market, and communicating the benefits of the design to potential customers.
Consider scalability: Consider the scalability of the process design and whether it can be adapted to meet the needs of a growing customer base. This will help ensure that the design can continue to benefit customers over the long-term and remain competitive in the market.
By taking these steps before taking a process design to market, you can ensure that you have a well-designed process that meets the needs of your customers and is well-received in the market.
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How do my economic choices affect the environment?
Answers
Answer:
The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats. ... Also, economic growth caused by improved technology can enable higher output with less pollution.
Answer:
The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats. ... Also, economic growth caused by improved technology can enable higher output with less pollution.
Explanation:
The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answers
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
An issue with mark-to-market accounting when there is a highly depressed market is that:
a. Depressed values could be only temporary, portfolios are likely to re-gain value, and thus current unrealized losses are overstated
b. Depressed values could be not only temporary, portfolios are likely to re-gain value, and thus current losses are overstated
c. Depressed values could be only temporary, portfolios are not likely to re-gain value, and thus current losses are understated
d. Depressed values could be only temporary, portfolios are not likely to re-gain value, and thus current non-realized gains are overstated
e. Depressed values could be only temporary, portfolios are likely to re-gain value, and thus current non-realized gains are understated
Answers
The is a. Depressed values could be only temporary, portfolios are likely to re-gain value, and thus current unrealized losses are overstated.
When there is a highly depressed market, mark-to-market accounting can present challenges. Mark-to-market accounting requires valuing assets at their current market prices. In a depressed market, the market prices of assets may be significantly lower than their historical or intrinsic values. However, it is important to recognize that depressed values could be temporary, and portfolios are likely to re-gain value over time. Option a accurately reflects this concern. When assets are valued at depressed market prices, the resulting unrealized losses may be overstated because they fail to account for the potential recovery and increase in value that could occur in the future. Therefore, current unrealized losses can be misleading indicators of the actual long-term performance of the portfolio or investment.
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The procedure that best reveals the existence of contingent debts is
a.
Review the invoices paid during the year to creditors of our client.
b.
Confirm with the client's attorneys.
c.
Confirm a sample of customer accounts payable.
Answers
The procedure that best reveals the existence of contingent debts is:
b. Confirm with the client's attorneys.
Confirming with the client's attorneys allows the auditors to obtain information regarding any potential contingent liabilities or debts that the client may have. Attorneys are knowledgeable about legal matters and can provide insights into any pending lawsuits, claims, or other contingencies that may result in potential debts for the client. This procedure helps the auditors assess the likelihood and potential impact of contingent debts on the client's financial statements.
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what is a short term investment that is considered highly liquid
Answers
Answer: typically investments that have short-term maturities of less than 90 days and are considered liquid assets.
Explanation: because they can be readily converted to cash. ... Mutual funds are considered liquid since investors.
Answer:
Cash Equivalents
Explanation:
Cash equivalents are short-term investments that are considered liquid, which means investors can exchange them for money quickly without a big change in value.
The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _______ price, the price from which there is no tendency to change in demand or supply
Answers
Answer:
intersection
equilibrium
Explanation:
In the case when the market clearing price arise at the time when the demand curve of the market and the demand curve of the supply intersected with each other. This is we called as the equilibrium price where there is no tendency to varies the demand or supply
Hence, the same is to be relevant
guns r us overstated its ending inventory in the current year by $5,000. the company incorrectly reported $100,000 of net income. explain the consequences of this error on the current period's income statement. multiple choice question. cost of goods sold will be too high by $5,000. cost of goods sold will be too low by $5,000. the correct net income amount should have been $105,000.
Answers
Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income. The consequences of this error on the current period's income statement are as follows:
The cost of goods sold will be too low by $5,000.
The correct net income amount should have been $105,000.
Cost of goods sold (COGS) is a significant expense line item on a company's income statement, which accounts for the majority of its variable costs. COGS represents the costs involved in creating a good or service that is sold to customers.
The difference between the cost of goods sold and the net sales revenue yields gross profit. By reducing the ending inventory by $5,000, the cost of goods sold will be too low by $5,000. As a result, gross profit will be overstated on the income statement by $5,000 because it would have been higher if the cost of goods sold were correct.
On the other hand, net income is the final line item on the income statement, representing the profit earned by the company after all expenses have been deducted from revenue. When Guns R Us overstated its ending inventory by $5,000, net income was overstated by the same amount, totaling $105,000 rather than the correct amount of $100,000.
In conclusion, the overstated ending inventory results in the cost of goods sold being too low and net income being overstated by the same amount. Therefore, it is necessary to make appropriate adjustments to the income statement to correct these errors.
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1. If revenues=1,000, costs-500, depreciation=100, net income-70, and the tax rate is 30%, what is interest expense?
Answers
The interest expense is $309.
To find the interest expense, we need to work with the given information and use the formula for calculating net income:
Net Income = Revenues - Costs - Depreciation - Interest Expense - Taxes
Given:
Revenues = $1,000
Costs = $500
Depreciation = $100
Net Income = $70
Tax Rate = 30%
Step 1: Calculate the taxes.
Taxes = Net Income * Tax Rate
Taxes = $70 * 0.30
Taxes = $21
Step 2: Rearrange the formula for net income to solve for interest expense.
Net Income = Revenues - Costs - Depreciation - Interest Expense - Taxes
Interest Expense = Revenues - Costs - Depreciation - Net Income - Taxes
Step 3: Plug in the values.
Interest Expense = $1,000 - $500 - $100 - $70 - $21
Interest Expense = $309
Therefore, the interest expense is $309.
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To determine the interest expense, we need additional information or assumptions. The provided information does not directly indicate the interest expense.
Interest expense is typically related to borrowing or financing activities, such as loans or bonds. Without details on the company's borrowing or interest-bearing liabilities, it is not possible to calculate the interest expense.
However, it's important to note that interest expense is usually deducted from the net income to calculate the taxable income. In this case, since the net income is given as $70 and the tax rate is 30%, the taxable income would be $100 ($70 / (1 - 0.30)). This information can be used for tax calculations but does not provide insight into the actual interest expense incurred by the company.
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FILL THE BLANK.
if the operating expenses are $5,000 and the gross profit per unit is $2.50, the break-even 19) point is _____ units.
Answers
If the operating expenses are $5,000 and the gross profit per unit is $2.50, the break-even point can be calculated by dividing the operating expenses by the gross profit per unit.
The break-even point is the level of sales or production at which a company's total revenue equals its total expenses, resulting in neither profit nor loss. To calculate the break-even point, we divide the total operating expenses by the gross profit per unit.
Given that the operating expenses are $5,000 and the gross profit per unit is $2.50, we can calculate the break-even point as follows:
Break-Even Point = Operating Expenses / Gross Profit per Unit
Break-Even Point = $5,000 / $2.50
Break-Even Point = 2000 units
Therefore, the break-even point is 2000 units. This means that the company needs to sell or produce at least 2000 units to cover its operating expenses and reach the break-even point. Selling or producing fewer units would result in a loss, while selling or producing more units would lead to a profit. The break-even point serves as a valuable reference for companies to assess their financial performance and plan their sales and production strategies.
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Quaker Oats has been around for over 100 years. The company’s marketers have continued to extend its market reach by adding new flavors and combining them with new products like Oatmeal Cookies, Oat Bars, and Quaker Oat & Yogurt Sandwich Biscuits. Quakers’ marketers have done a good job at:
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Quaker Oats has been around for over 100 years Quakers’ marketers have done a good job at Not - controlling the oat product life cycle.
What is The importance of extending market reach?An excellent strategy for raising brand awareness in your target audience is to extend your reach. Because it enables you to make wise marketing decisions and efficiently employ your resources.
In the given case, it is explained that Since more than 100 years ago, there have been Quaker Oats. By introducing new flavors and pairing them with fresh items, the company's marketers have continued to expand their market reach.
In the given case it is described that Quaker Oats continuously worked on introducing new products for the customer and did not focus on controlling the product life cycle.
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Determine whether the markets, businesses, or products listed below belong in a competitive market, a monopoly, or a monopolistically competitive market. (a) American Eagle (b) Burger King (c) Merck's cholesterol-fighting drug (d) your local electric company (d) the stock market (e) a farmer who grows corn
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Answer:
(a) American Eagle is a monopolistically competitive market (b) Burger king is a monopolistically competitive market (c)Merck's cholesterol-fighting drug is a monopoly market (d)your local electric company is a monopoly market. (e) a farmer who grows corn is a competitive market
Explanation:
Solution
American Eagle : It is Monopolistic Competitive. There are many firms which is of one of the number of clothing and accessories retailers in the market where no business have total control over market.
Burger king:This is a monopolistic competitive market as there are many producers who sell same product but they are differentiated by branding.
Merck's cholesterol fighting drug: This is a monopoly market as there is one firm that produce this drug .
Local electric company: It is a monopoly market as it is owned by a local loop where it is the only source for the particular locality
The stock market: It is a competitive market as there are large number of producers who want to earn profits .Here the market prices varies depending on competition .
A farmer who grows corn: It is a competitive market because there are so many people who grows corn and sell in the market.Here the market prices varies depending on competition
do you think the government should help businesses like SJD? justify your answer
Answers
Answer:
yes
Explanation:
coz we're not getting any help
Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 304,000 $ 8. 00 Variable expenses 190,000 5. 00 Contribution margin 114,000 $ 3. 00 Fixed expenses 43,000 Net operating income $ 71,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 12%? 2. What is the revised net operating income if the selling price decreases by $1. 30 per unit and the number of units sold increases by 25%? 3. What is the revised net operating income if the selling price increases by $1. 30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 8%?
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To calculate the revised net operating income in each case, we need to adjust the relevant values based on the given changes and then recalculate the net operating income using the contribution margin.
1. If unit sales increase by 12%:
New unit sales = 38,000 units + (12% of 38,000) = 38,000 + 4,560 = 42,560 units
Revised net operating income = (New unit sales × Contribution margin per unit) - Fixed expenses
= (42,560 units × $3.00) - $43,000
= $127,680 - $43,000
= $84,680
2. If the selling price decreases by $1.30 per unit and the number of units sold increases by 25%:
New selling price per unit = $8.00 - $1.30 = $6.70
New unit sales = 38,000 units + (25% of 38,000) = 38,000 + 9,500 = 47,500 units
Revised net operating income = (New unit sales × Contribution margin per unit) - Fixed expenses
= (47,500 units × $3.00) - $43,000
= $142,500 - $43,000
= $99,500
3. If the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%:
New selling price per unit = $8.00 + $1.30 = $9.30
New unit sales = 38,000 units - (7% of 38,000) = 38,000 - 2,660 = 35,340 units
New fixed expenses = $43,000 + $5,000 = $48,000
Revised net operating income = (New unit sales × Contribution margin per unit) - New fixed expenses
= (35,340 units × $3.00) - $48,000
= $106,020 - $48,000
= $58,020
4. If the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 8%:
New selling price per unit = $8.00 + (20% of $8.00) = $8.00 + $1.60 = $9.60
New variable expenses per unit = $5.00 + $0.10 = $5.10
New unit sales = 38,000 units - (8% of 38,000) = 38,000 - 3,040 = 34,960 units
Revised net operating income = (New unit sales × Contribution margin per unit) - Fixed expenses
= (34,960 units × ($9.60 - $5.10)) - $43,000
= (34,960 units × $4.50) - $43,000
= $157,320 - $43,000
= $114,320
Therefore, the revised net operating incomes are as follows:
1. $84,680
2. $99,500
3. $58,020
4. $114,320
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According to public choice theory, individual self-interests influence the actions of.
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Public choice theory is undisruptive of economics. It describes how human beings participate in making decisions. Various studies have shown that individual self-interest is the force behind taking decisions.
Although there are some people who make decisions for the sake of others the majority make decisions for self-interest. Public choice theory argues that individuals in the public sector make choices that maximize their utility.
People seek solutions consistent with their self-interest. Public choice seeks to maximize his or her own utility. The public choice theory explains government decisions making as a result of individual self-interest. Public choice insists on using the same model of behavior throughout.
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