In preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment $14,100
Purchase of equipment 146,000
Proceeds from the sale of equipment 127,000
Re-payment of outstanding bonds 87,500
Purchase of treasury stock 62,500
Issuance of common stock 96,500
Purchase of land 116,000
Increase in accounts receivable during the year 43,500
Decrease in accounts payable during the year 75,500
Payment of cash dividends 35,500
Net cash flows from investing activities for the year were:______.
a. $128,100 of net cash used.
b. $143,000 of net cash used.
c. $270,000 of net cash used.
d. $143,000 of net cash provided.
e. $234,500 of net cash provided.
Answers
Answer:
$135,000 of net cash used
Explanation:
Cashflow from Investing Activities Section
Purchase of equipment (146,000)
Proceeds from the sale of equipment 127,000
Purchase of land (116,000)
Net Cash from Investing Activities (135,000)
therefore,
Net cash flows from investing activities for the year were ($135,000)
Related Questions
The ___ function returns the year portion of the data/time available
Answers
Answer:
The Excel YEAR function returns the year component of a date as a 4-digit number.
Explanation:
Match the following key ideas.
1. household
2. firm
3. product market
4. factor market
5. public good
place where resources are
exchanged for money
private organization that produces goods and services for consumption
place where goods and services
are exchanged for money
expenditure for which government receives nothing in return
group or individuals who live
together and share income
Answers
1. The factor market is the place where resources such as labor, capital, and land are exchanged for money.
2. A firm is a private organization that produces goods and services for consumption and is typically part of the business sector.
3. The product market is the place where goods and services produced by firms are exchanged for money.
4. The household refers to a group or individuals who live together and share income, and are typically part of the consumer sector of the economy.
5. A public good is an expenditure for which the government receives nothing in return, and is typically provided for the benefit of society as a whole, such as public parks or national defense.
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Gerwin’s daughter Mary was seeking a position as an associate attorney with Baker, Charles & Dixon, a large metropolitan law firm. The firm, after several meetings with Mary over a two-month period, made Mary an offer of employment on January 15, 1985. Mary accepted the offer that day and immediately left for Cape Cod to celebrate without telling Gerwin or anyone else about her new job. Two days later, Gerwin sent Baker a letter in which she offered to give Baker all of her legal business (approximately $40,000 per year) if Baker would hire Mary. After Gerwin learned that Mary had already been hired by Baker, Gerwin refused to transfer her business to Baker. Baker has brought suit against Gerwin on the grounds that a valid contract exists between them. How will the case be decided?
Answers
The case filed by Gerwin against Baker will be null and void, as thee is no existence of any legal contract between the parties as such.
What is a legal contract?A contract is said to be a legal one when the party who is presented with such an offer accepts on the terms and with a condition that the offer must be for legal activities.
In case when any of the criterion mentioned above are not followed by the offeror or the offeree, then in such case, any lawsuit filed against the plaintiff will be considered as null and void.
Hence, it can be concluded that there is no legal contract between Gerwin and Baker, and thus their cases are null and void.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower
Answers
The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.
What are consumer rights?The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.
Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.
Therefore, consumer right are essential when buying a service.
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microeconomics definition of economics cost
Answers
In microeconomics, the concept of economic cost refers to the total value of resources, both explicit and implicit, that are sacrificed or foregone in order to produce a particular good or service.
It goes beyond the monetary expenses and includes the opportunity cost of using resources in one way instead of their next best alternative use. Economic cost comprises two main components:
Explicit Costs: These are the actual out-of-pocket expenses incurred in the production process. They include the cost of labor, raw materials, rent, utilities, and any other direct payments made to suppliers or factors of production. Explicit costs are tangible and measurable in monetary terms.
Implicit Costs: These represent the opportunity cost of utilizing resources in a specific production activity. Implicit costs are the benefits or values associated with the next best alternative that is forgone when resources are allocated to a particular use. They often involve the use of self-owned resources or factors of production, such as the foregone income from not working at another job or the foregone rental income from not leasing out a property.
To calculate the economic cost of production, both explicit and implicit costs need to be taken into account. By considering the full range of costs, economists aim to capture the true economic impact of a decision or an activity, providing a more comprehensive understanding of the costs involved in the production process.
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what is free trade in economics
Answers
Free trade is the exchange of products and services between nations or subnational areas without the imposition of tariffs, quotas, or other limitations.
Why is free trade named that?Governments cannot apply any import or export quotas, taxes, levies, or duties under the mostly theoretical free trade system. In this regard, protectionism, a defensive trade strategy meant to prevent the prospect of foreign competition, is the antithesis of free trade.
What benefits does free trade offer?Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through free trade agreements, which can serve to enhance regulations governing matters like intellectual property, e-commerce, and public procurement.
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which of the following statements are correct? check all that apply. expectations of a recession that will reduce economywide corporate profits will likely cause the value of clinton's shares to decline. the dow jones industrial average is an example of a stock exchange where he can purchase bayzer stock. an increase in the perceived profitability of bayzer will likely cause the value of clinton's shares to rise. alternatively, clinton could undertake their financial investment by purchasing bonds issued by the u.s. government. assuming that everything else is equal, a municipal bond issued by a state most likely pays a interest rate than a corporate bond issued by an electronics manufacturer.
Answers
The value of Clinton's shares will probably decrease due to predictions of a recession that will cut business profits across the economy.
He can buy business stock on stock exchanges like the Dow Jones Industrial Average.
In terms of macroeconomics, what are corporate profits?The portion of the total income from current production that is accounted for by U.S. corporations is known as corporate profits.
Are business earnings accounted for in GDP?Someone is paid for the sale of products and services. Therefore, computing the national income, also known as gross domestic income (GDI), which equals the pay for all employees, rent, interest, owners' income, and corporate profits, is another method of measuring GDP.
What is the secret of corporate success?Profit % is calculated using the following equation: Profit percentage = (Profit /Cost Price) x 100.
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Megan Corp. recognizes revenue over time to account for long-term contracts. At the date the contract is signed, the price is $600,000 and the expected costs to complete the contract are $400,000. The following information is available:
Year 1 Year 2 Year 3 Costs incurred to date $200,000 $350,000 $500,000 Estimated costs to complete 200,000 150,000 0 Progress billings 200,000 200,000 200.000
What is the amount of gross profit or loss that is recognized in year 2?
a. $30,000 loss
b. $40,000 gross profit
c. $150,000 loss
d. $200,000 gross profit
Answers
Answer:
a. $30,000 loss
Explanation:
Calculation to determine What is the amount of gross profit or loss that is recognized in year 2
First step is to calculate the Year 1 Cost to cost ratio using this formula
Year 1 Cost to cost ratio = 200,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 1 Cost to cost ratio= 200,000 / (200,000 + 200,000)
Year 1 Cost to cost ratio= 50%
Second step is to calculate the Gross profit or loss using this formula
Gross profit/Loss = 50% * ( Price - estimated cost to complete)
Let plug in the formula
Gross profit/Loss= 50% ( 600,000 - 400,000)
Gross profit/Loss= $100,000
Third step is to calculate the Year 2 Cost to cost ratio
Using this formula
Year 2 Cost to cost ratio = 350,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 2 Cost to cost ratio = 350,000 / (350,000 + 150,000)
Year 2 Cost to cost ratio = 350,000 / 500,000
Year 2 Cost to cost ratio = 70%
Now let calculate the gross profit or loss using this formula
Gross profit = 70% * ( Price - estimated cost to complete) - Previous Gross
Let plug in the formula
Gross profit= 70% ( 500,000 - 400,000) - 100,000
Gross profit= -$30,000
Gross Loss of $30,000 in Year 2
When Christopher dies, he wants to leave one half of his adjusted gross estate to his spouse and the other half of the estate to the American Cancer Society. What type of will does he need to create?
a) marital share will
b) exemption trust will
c) stated amount will
d) simple will
Answers
Answer:
I believe it is marital will
FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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The U.S. military defends Ngoc from foreign conflict. The fact that Ngoc enjoys this protection does not detract from other Americans' enjoyment of it. For this reason, we say that national defense is A. excludable. B. not excludable. C. rival in consumption. - D. not rival in consumption.
Answers
The American military protects Ngoc from external conflict. Ngoc's enjoyment of this protection does not diminish its value for other Americans. We assert that national defense is not rival in consumption.
What is non-rival in consumption?A rival good is something that only one user can acquire or consume. On the other hand, a good is considered a non-rival good if it can be used or owned by numerous users. Radio stations and the internet are two instances of nonrival goods. The majority of non-rival goods examples are intangible. An example of a non-rival good is broadcast television; when one consumer switches on their TV, it does not stop the TV in another customer's home from working. Television transmissions are non-rival products, whereas the television itself is a rival good. In terms of consumption, national defense is unrivaled. All citizens are regularly provided with this service.
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how the fourth industrial revolution affects education
Answers
The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.
What is industrial revolution?The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.
It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.
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g Metlock, Inc. purchased office supplies costing $6300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2250 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:
Answers
Answer:
Dr Supplies Expense $4050
Cr Supplies $4050
Explanation:
Preparation for the appropriate adjusting journal entry to be made at the end of the period
Based on the information given we were told that the company made purchased of office supplies of the amount of $6300 in which the full supplies amount was debited which means that if at the end of the accounting period the physical count of office supplies shows the amount of $2250 The appropriate adjusting journal entry to be made at the end of the period would be:
Dr Supplies Expense $4,050
Cr Supplies $4,050
($6300-$2250)
Explain the core functions of organizational culture.
Answers
The core functions of organizational culture are to provide a shared identity and guidelines for behavior, shape employee motivation and productivity, and influence organizational performance and interactions with stakeholders.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that shape the behavior of individuals within a company. Its core functions are to create a sense of identity and unity among employees, provide guidelines for behavior, and help employees understand the organization's mission and goals. Culture also affects employee motivation, engagement, and productivity.
It influences the recruitment and retention of employees, shapes the way decisions are made, and determines how the organization interacts with stakeholders. Effective organizational culture fosters innovation, collaboration, and adaptability, while a negative culture can lead to high turnover, low productivity, and poor performance.
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he December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year?
Answers
the cash flow to stockholders for the year is $169,000 negative.
Equity is equal to common stock plus any paid-in surplus.
Common stock plus additional paid-in excess equals total equity at the outset.
=136,000+2,610,000=$2,746,000
Common stock + Extra Paid-in Surplus = Total Equity at End
=146,000+2,910,00)=$3,056,000
Hence, new equity equals total equity at the end minus total equity at the beginning.
3,056,000-2,746,000=$310,000
Dividends paid minus new equity equals cash flow to investors.
= 141,000-310,000
= -169,000
=$169,000 a loss
a sum of money distributed to shareholders from a company's profits. Although they can do so at any time, public firms that pay dividends often do so on a predetermined timetable. Special dividends or additional dividends are terms used to describe unexpected dividend payouts.
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What type of wave is sound?
A. Electromagnetic
B. Longitudinal
C. Transverse
D none of the above
Answers
Answer:
b longitudinal
Explanation:
it is b longitudinal. I just know
Answer:
Your answer is B
Explanation:
Sound waves in air (and any fluid medium) are longitudinal waves because particles of the medium through which the sound is transported vibrate parallel to the direction that the sound wave moves. A vibrating string can create longitudinal waves as depicted in the animation below.
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $25,525. Clayborn's May bank statement shows $22,600 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 7,750 Outstanding checks $ 6,300 Bank service fees, not yet recorded by company $ 110 A NSF check from a customer, not yet recorded by the company $ 1,365 The adjusted cash balance should be:
Answers
Answer:
$24,050
Explanation:
Calculation for the adjusted cash balance
Using this formula
Adjusted cash balance= Bank balance + Deposits in transit - Outstanding check
Let plug in the formula
Adjusted cash balance= $22,600 + $7,750 - $6,300
Adjusted cash balance= $24,050
Therefore the adjusted cash balance should be $24,050
Which of the following best describes what happens when a company has
made a profit at the end of an accounting period?
A. The credit amount is higher than the debit amount in the income
statement columns of the worksheet.
B. No amounts have to be entered into the adjustments columns in
the worksheet.
C. The debit amount is higher than the credit amount in the balance
sheet columns of the worksheet.
D. The debit and credit amounts in the adjusted trial balance
columns are equal in the worksheet.
Answers
A company has made a profit When the credit amount is higher than the debit amount in the income at the end of an accounting period.
An accounting period, in bookkeeping, is the length almost about which control debts and financial statements are prepared.
In management accounting, the accounting period varies extensively and is decided with the aid of management. monthly accounting durations are common.
In financial accounting, the accounting duration is decided with the aid of regulation and is commonly three hundred and sixty-five days. the start of the accounting period differs in line with jurisdiction. As an instance, one entity may additionally observe the calendar year, January to December, while another might also follow April to March as the accounting period.
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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
Answers
A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600, The profit in market 2 is $450 and Demand is more elastic in market 2
(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q
Profit in market 1
P1 = $60, Q1 = 40, and MC = $20
So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600
(B) Profit in market 2
P2 = $35, Q2 = 30, and MC = $20
So, Profit in market 2 = (35-20)*30 = 15*30 = $450
(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.
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This question is not complete, Here I am attaching the complete question: also, attaching the diagram
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
(A) What is the profit of market 1?
(B) What is the profit of market 2?
(C) In which market is demand more elastic?
What are 2 key benefits of budgeting?
Answers
Budgeting allows for effective financial management, empowering individuals and organizations to control their finances, plan for the future, achieve goals, and enhance long-term security.
Budgeting offers several key benefits for individuals, households, businesses, and organizations. Here are two key benefits of budgeting:
Financial Control and Planning: Budgeting provides a framework for financial control and planning.
By setting clear financial goals and allocating resources effectively, individuals and organizations can have better control over their income, expenses, and overall financial situation. Budgeting allows for proactive decision-making, as it helps identify areas of overspending or potential savings, enabling adjustments and course corrections as needed.
It helps in prioritizing expenses, reducing wasteful spending, and ensuring that financial resources are allocated in line with priorities and objectives.
Goal Achievement and Future Security: Budgeting plays a crucial role in goal achievement and future security. By setting specific financial goals, such as saving for a house, education, retirement, or business expansion, budgeting helps individuals and organizations allocate resources towards these goals systematically.
It provides a roadmap for saving and investing, ensuring progress towards long-term objectives. Budgeting also helps in managing debt effectively, reducing financial stress, and building a strong financial foundation for the future.
By establishing savings and emergency funds, budgeting provides a safety net, enhancing financial resilience in case of unexpected events or economic downturns.
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You tell Julia, "There's always improvement to be made as we grow, beginning with me." She looks at you and smiles. You're not certain if her smile is genuine, but you know there are things you can do to improve your leadership skills as well as things you can do to equip the organization to run well as you develop those skills. What might you do to help your organization?
Answers
To help improve the organization, the leader can focus on developing their own leadership skills while also equipping the organization to run effectively.
This can be achieved by seeking feedback from employees, providing training and professional development opportunities, delegating responsibilities to trusted team members, and fostering a positive and collaborative work environment.
By seeking feedback from employees, the leader can identify areas for improvement and make necessary adjustments to their leadership style. Providing training and development opportunities can help employees grow in their roles and contribute to the success of the organization. Delegating responsibilities to trusted team members not only lightens the leader's workload, but also empowers employees and allows them to develop their own leadership skills. Finally, fostering a positive and collaborative work environment can boost morale and productivity, leading to greater success for the organization as a whole.
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Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
Answers
The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.
A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.
As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.
She wanted to use modern business techniques in every area of business to make the business grow and prosper.
However, the workers protested against her intervention, and the business started to decline.
The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.
Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.
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Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales
revenue is $160,000 with total costs of $90,000, and the low sales revenue is
$96,000 with total costs of $58,000. What is the fixed cost and the variable
percentage per dollar of sales revenue?
$9,750 fixed and 32.5% per dollar of sales revenue
$10,000 fixed and 50.0% per dollar of sales revenue
$6,750 fixed and 32.5% per dollar of sales revenue
$4,240 fixed and 56.0% per dollar of sales revenue
Answers
The fixed cost and the variable percentage per dollar of sales revenue Option B. $10,000 fixed and 50.0% per dollar of sales revenue.
To determine the fixed and variable costs using the high-low method, we start by identifying the difference between the high and low sales revenue and the corresponding total costs.
High sales revenue: $160,000
Total costs at high sales revenue: $90,000
Low sales revenue: $96,000
Total costs at low sales revenue: $58,000
Next, we calculate the difference in sales revenue and total costs:
Change in sales revenue = $160,000 - $96,000 = $64,000
Change in total costs = $90,000 - $58,000 = $32,000
The fixed cost can be obtained by subtracting the variable cost component from the total costs at either the high or low sales revenue. Let's use the high sales revenue figures:
Fixed cost = Total costs at high sales revenue - (Variable cost per dollar of sales revenue * High sales revenue)
Fixed cost = $90,000 - (Variable cost per dollar of sales revenue * $160,000)
Using the information provided, we can solve for the variable cost per dollar of sales revenue:
Change in total costs = Variable cost per dollar of sales revenue * Change in sales revenue
$32,000 = Variable cost per dollar of sales revenue * $64,000
Variable cost per dollar of sales revenue = $32,000 / $64,000 = 0.5 or 50.0%
Now, substituting this value back into the equation for fixed cost:
Fixed cost = $90,000 - (0.5 * $160,000)
Fixed cost = $90,000 - $80,000 = $10,000
Therefore, the correct answer is option B: $10,000 fixed cost and 50.0% per dollar of sales revenue.
The question was incomplete, Find the full content below:
Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales revenue is $160,000 with total costs of $90,000, and the low sales revenue is $96,000 with total costs of $58,000? What is the fixed cost and the variable percentage per dollar of sales revenue?
A. $9,750 fixed and 32.5% per dollar of sales revenue
B. $10,000 fixed and 50.0% per dollar of sales revenue
C. $6,750 fixed and 32.5% per dollar of sales revenue
D. $4,240 fixed and 56.0% per dollar of sales revenue
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What tab should you choose to locate the spelling and grammar check tools?
Home
Layout
Review
View
Answers
Answer:
Review
Explanation:
The correct answer is - Review
Reason -
From the Review tab, click the Spelling & Grammar command.
The Spelling and Grammar pane will appear on the right.
Answer:
it is C
Explanation:
On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
Answers
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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news analysts are allowed to give a option
A.True
B.False
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Answer:
False
Explanation:
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A lessor enters a sales-type lease with an unguaranteed residual. The lessor will record:____.
a. A credit to sales revenue for the fair value of the asset less the gross amount of the unguaranteed residual value.
b. A debit to lease receivable for the gross amount less the present value of the unguaranteed residual value.
c. A credit to sales revenue for the fair value of the asset.
d. A credit to sales revenue for the fair value of the asset less the present value of the unguaranteed residual value.
Answers
Answer:
b
Explanation:
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Answers
Answer: Keep ur hands to ur self, be nice, be quiet, raise your hand when speaking, and help one another out when needed
Explanation:
applying macroeconomic knowledge to explain the fiscal policy of countries in 2008