Assume Concord Corporation has the following reported amounts: Sales revenue $1,000,000, Sales returns and allowances $29,000, Cost of goods sold $657,367, and Operating expenses $215,600. (a) Compute net sales. Net sales $enter net sales in dollars (b) Compute gross profit. Gross profit $enter gross profit in dollars (c) Compute income from operations. Income from operations $enter Income from operations in dollars (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.)

Jim is looking to purchase Vinney's property. The two parties agree on the terms of the deal and are ready to sign the purchase agreement. Jim and Vinney have an executed contract when they both are signed.

A systematic event known as contract execution occurs when all necessary parties sign the agreement, making it a binding legal document.

Further the contract law provide the two broad categories of  the contract which is considered to have been executed a) whenever all parties have fulfilled their responsibilities in full and b) A contract that has been signed by all parties required to make it legally enforceable is also referred to as being "executed."

Therefore Jim and Vinney when sign the agreement can make the purchase agreement into a real estate executed contract.

To know more about contract execution refer:

https://brainly.com/question/27516414

#SPJ1

Answer:

B

Explanation:

The Speedy Chef's Income Before Taxes for 2015 is -$873,406.

The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.

The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.

For more such questions Taxes,Click on

https://brainly.com/question/28798067

#SPJ8

Answer:

All managers must be comfortable with three main types of activities or roles. To do their jobs, managers assume these different roles. No manager stays in any one role all of the time, but shifts back and forth. These roles are leadership (or interpersonal), informational, and decision making.

Explanation:

Hope it helps kahit na ndi ko na sagot ung main question.

The three examples of managers that we would describe as master managers are advertisement manager, accounting manager and analytics manager. The roles of managers  are leadership, informational, and decision making.

An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.

The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.

Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.

Learn more about information here:

brainly.com/question/27798920

#SPJ5

Answer:

Galaxy buds

Explanation:

Answer: 20

Explanation:

For us to calculate the equilibrium price, we must equate the quantity demanded with the quantity supplied. In this case, Qd = Qs where,

QD = 70 – P

QS = 2P + 10.

QD = QS

70 - P = 2P + 10

70 - 10 = 2P + P

60 = 3P

P = 60/3

P = 20

The equilibrium price is 20

Answer:

A

Explanation:

Lowering your balances

Answer:

lowering ur balances

Explanation:

(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.

(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.

(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:

Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000

Cash Cr. Br 540,000

This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.

(b) To record revenue and dividends for the year:

On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.

Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)

Revenue from Investment in YY Ltd. Cr. Br 45,000

This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.

On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.

Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)

Revenue from Investment in YY Ltd. Cr. Br 81,000

This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.

For more question on Investment visit:

https://brainly.com/question/29547577

#SPJ8

The deferred tax liability when related to the excess depreciation would be $ 20 million.

First, find the amount that the excess tax depreciation will reverse by per year by the formula :
= Excess depreciation / number of years

= 60 / 3

= $ 20 million per year

The deferred tax liability would then be:

= Tax impact next year + Tax impact 2nd year + tax impact third year

= ( 20 million x 30 % ) + ( 20 million x 35 %) + ( 20 million x 35 %)

= 6 + 7 + 7

= $ 20 million

Find out more on deferred tax liability at https://brainly.com/question/29579538

#SPJ1

Answer:

True

Explanation:

If you have drunk friends you want this insurance.

True. Homeowners insurance provides both property and liability protection.

The property protection aspect of homeowners insurance covers the physical structure of the home, as well as personal belongings within the home, against perils such as fire, theft, and vandalism.

It may also provide coverage for additional structures on the property, such as garages or sheds. Liability protection, on the other hand, safeguards homeowners from legal and financial responsibility if someone is injured on their property or if they accidentally cause damage to someone else's property.

This coverage typically includes legal expenses and medical payments to the injured party.

The answer is true.

Read more about liability protection here:

https://brainly.com/question/3136955

#SPJ6

Answer:

Results are below.

Explanation:

Giving the following information:

Interest rate= 5%

Number of years= 2019 - 1900= 119

a. Initial investment= $1,000

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 1,000*(1.05^119)

FV= $332,297.13

b. Future value= $1,000,000

Present value formula:

PV= FV/(1+i)^n

PV= 1,000,000/ 1.05^119

PV= $3,009.36

Obligation to transfer resources from a past transaction is known as liabilities. The benefit that made by liabilities is  a result of past transactions or other past event.

In financial accounting and economic, a liability generally can be described  as the future sacrifices of economic benefits that the entity is obliged to make to other entities. The benefit that made by liabilities is  a result of past transactions or other past event. There are several types of liabilities, such as current liabilities, non-current liabilities and also contingent liabilities. Liabilities have an estimate range time between between 5 and 10 years.

Here you can learn more about liabilities https://brainly.com/question/18484315

#SPJ4

Answer12

Explanation: so it is 6+6+22=2

Answer:

D. Entrepreneurship

Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.

Hope that helps you

Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

For more such questions on interest rate

https://brainly.com/question/29451175

#SPJ8

The implied earnings yield be 4.1%.

Thus, the correct option is B.

The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.

EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.

Earnings are the sum of money that a person or organization receives over a specific time period.

They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.

Learn more about earnings, here

https://brainly.com/question/28045589

#SPJ1

Hormel is giving its customers a cash discount.

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its  food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of  10 days.

Inconclusion Hormel is giving its customers a cash discount.

Learn more about cash discount here:https://brainly.com/question/14883253

Rachelle paid taxes on her $100,000 share on her individual tax return because she and her brother own a partnership that has pass-through taxation.

A tax return is a form (or series of forms) submitted to a taxing body that lists income, expenses, and other crucial tax data. Tax returns give taxpayers the option to determine their tax obligations, plan out their payments, or ask for reimbursement for any taxes they have paid in excess of what is required. In the majority of nations, anybody or any business with taxable income, such as wages, interest, dividends, capital gains, or other earnings, is required to file tax returns annually.

A partnership is a legal agreement between two or more parties to run a business and split the profits. Partnership agreements come in a variety of forms. In particular, all partners in a partnership business share earnings and liabilities equally, although in other cases, partners may have restricted liability.

learn more about tax return here

https://brainly.com/question/21214035

#SPJ4

18. Vấn đề nào sau đây liên quan tới kinh tế học vi mô?

Answer:

c. There is no standard distance of indentation.

Explanation:

The correct statement about indentation in formal reports is, " There is no standard distance of indentation."

The above information is accurate in the sense that when formatting a formal report, indenting paragraphs can be one-half inch. However, another standard method is to insert a blank line between paragraphs, thereby indenting the paragraphs will not be necessary.

Also, in some cases, indentation size dependent on the font size. For example, a formal report of 12-pt font requires an indentation of about 12 points.

A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.

This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.

Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.

For more such questions on production cost

https://brainly.com/question/29886282

#SPJ8

International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.

In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.

For more such questions on economic

https://brainly.com/question/17996535

#SPJ8

The market share of the business in 2015 is 5%.

The market share of a business is the portion or percentage of total market size that it controls.  For instance, the business in question has 5% market share.  This implies that it controls only a small portion of the market where it sells its products.

Sales in 2014 = £108,000

Fall of sales in 2015 = 10%

Sales in 2015 = £97,200 ($108,000 x (1 - 10%)

Total market size in 2015 = £1,800,000

The business's market share in 2015 = 5.4% (£97,200/£1,800,000 x 100)

Thus, the market share of the business in 2015 is 5%.

Learn more about market share at https://brainly.com/question/25300299

Answer:

I think this is a good idea if my friend has the income (job) to repay the loan and not miss a payment, and doing that will help build credit.

If my friend takes out the loan and knows it will not be repaid back on time and misses deadlines, it would be a bad idea to take the loan in the first place.

Another suggestion would be paying for groceries, gas, etc., and repay back if you have an income and build great credit that way.

Also, you can have a parent/guardian add you to their credit account, so let's say my friend's mother adds my friend to her account, and when the mother makes her payments, it will help my friend build credit.  

From the sentence, it can be deduced that "at" is used a preposition.

It should be noted that a preposition simply means a word that is used before a noun or pronoun to show direction, place, time, etc.

In the sentence "They discussed four important issues at the meeting", the word at is a preposition. It is used to show where the issue took place.

Learn more about preposition on:

https://brainly.com/question/17476214

Answer:

he alloy produced more waste than normal, as evidenced by a direct-material quantity variance of $2,000U, and was also difficult to use. This slowed worker ...

1 answer

·

Top answer:

Favorable Direct-material price variance 9500 F Les...

Explanation:

Answer:

$510

Explanation:

Calculation for By how much do excess reserves change

Using this formula

Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)

Let plug in the formula

Change in excess reserve=$600-($600*15%)

Change in excess reserve=$600-$90

Change in excess reserve=$510

Therefore By how much do excess reserves change is $510

Answer:

Lunch and dinner

Explanation:

im smart :)

Answer:

I know!!!!

Explanation:

Lunch and dinner

heheheheheh