Brown Company's bank statement for September 30 showed a cash balance of $1,350. The company's Cash account in its general ledger showed a $995 debit balance. The following information was also available as of September 30.
a. A $125 debit memoranda is included with the bank statement and dealt with a customer's check for $100 marked NSF and returned to Brown Company by the bank. In addition, the bank charged the company's a $25 processing fee.
b. The September 30 cash receipts, $1,250, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement.
c. A $15 debit memorandum for checks printed by the September 30 bank was included with the canceled checks.
d. Outstanding checks amounted to $1,145.
e. A customer's note for $900 was collected by the bank. A collection fee of $25 was deducted by the bank and the difference was deposited in the account.
f. Included with the canceled checks was a check for $275, drawn on another company, Browne Inc.
Answers
Omitted question. Prepare Bank reconciliation for Brown's company for September 30.
Answer:Please see explanation for answers.
Explanation:
Brown Company"s Bank Reconciliation for September 30
Cash Balance as per bank statement $ 1,350
Add:
Deposit in transit + $ 1,250
Bank error in recording of check + $ 275
Deduct:
Outstanding checks - $ 1,145
Adjusted bank balance $ 1,730
Cash balance per books $995
Add: Electronic transfer collected by bank
(900-25) +$875
Deduct:
Bank service charges (25+15) - $40
NSF Check -$100
Adjusted book balance $ 1,730
Related Questions
I'LL MARK BRAINLIEST
Which of the following describes the impact a few years of heavy rainfall would have on commodity prices?
- Crops would enjoy a longer planting season, and commodity prices would go down. - - Planting would be delayed, resulting in crop shortages, and commodity prices would rise.
- Crops would increase due to additional rainfall, and commodity prices would go down. - Planting would be delayed, limiting farmers’ risks, and commodity prices would rise.
Answers
Answer:
Crops would enjoy a longer planting season, and commodity prices would go down
Explanation:
Answer:
c
Explanation:
1. A REIT has an NOI of $15 per share. It paid a dividend of $10 per share last year
. The dividend is projected
to increase by 4 percent this year and continue to increase by 4 percent per year thereafter. Assuming that
the blended cap rate is 9.75 percent and the required rate of return is 10.5 percent, what would the net
asset value (NAV) per share of the REIT be if total liabilities are $40,000 and there are 1,000 shares
outstanding?
Answers
The net asset value per share of the REIT would be $105.71.
Data and Calculations:
Net operating income (NOI) = $15 per share
Outstanding number of shares = 1,000
Total liabilities = $40,000
REIT's blended cap rate = 9.75%
REIT's required rate of return = 10.5%
The total net operating income (NOI) for the year = $15,000 ($15 x 1,000).
The annual interest expense on debts = $3,900 ($40,000 x 9.75%).
The net income after interest (EBT) = $11,100 ($15,000 - $3,900).
The Net asset value = $105,714 (11,100/10.5%).
Thus, the net asset value per share of the REIT would be $105.71.
Learn more about the net asset value (NAV) here: https://brainly.com/question/1377416
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(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
What can a cover letter explain that a résumé cannot?
a. Gaps in employment history
b. Reentry into the job market
C. Changes in career focus
d. All of the above
Answers
Answer:
D. All of the above.
Explanation:
Explain why it might be difficult for a new,
small firm to get distribution in a supermarket
chain such as Sainsbury's.
Answers
Answer:
The Threat of New Entrants exerts a significant influence on the ability of current companies to generate a profit Gross Profit Gross profit is the direct profit left over after deducting the cost of goods sold, or cost of sales, from sales revenue. It's used to calculate the gross profit margin
Explanation:
describe the 5 office layout.
Answers
Answer:
The five most popular would be the...
Cubicle Office layout. This is the most popular and is basically a box with an opening.
Open Office layout. This is several rows of large desks. By definition, it is not very enclosed.
Co-Working Office layout. Less common, these are offices rented out to employees by third parties.
Team-Cluster Office layout. For teams working on something, this is a good way to go. One table where you can easily work together on things with each other as you go.
Hybrid Office layout. This one is a mix of a few others and customizable to a workplace's specific needs. Some of these don't even feel like offices!
The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash $ 2,333Supplies 2,600Prepaid Insurance 1,800Land 14,833Buildings 71,200Equipment 16,800Accounts Payable $ 4,533Unearned Rent Revenue 3,300Mortgage Payable 37,200Common Stock 59,833Rent Revenue 9,000Salaries and Wages Expense 3,000Utilities Expense 800Advertising Expense500$113,866$113,866Other data:1. Insurance expires at the rate of $450 per month.2. A count of supplies shows $1,100 of unused supplies on May 31.3. (a) Annual depreciation is $3,000 on the building.(b) Annual depreciation is $2,400 on equipment.4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)5. Unearned rent of $2,660 has been earned.6. Salaries of $740 are accrued and unpaid at May 31.
Answers
Question Completion:
(a) Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries.
(b) Prepare an adjusted trial balance on May 31.
(c) Prepare an income statement and a retained earnings statement for the month of May and a classified balance sheet at May 31.
(d) Identify which accounts should be closed on May 31.
Answer:
The Moto Hotel
(a) Ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries:
Accounts Debit Credit
Cash
Unadjusted Trial balance $ 2,333
Accounts Debit Credit
Supplies
Unadjusted Trial balance $2,600
Supplies expense $1,500
Balance $1,100
Accounts Debit Credit
Prepaid Insurance
Unadjusted Trial balance $1,800
Insurance Expense 450
Balance c/d $1,350
Accounts Debit Credit
Land
Unadjusted Trial balance $14,833
Accounts Debit Credit
Buildings
Unadjusted Trial balance $71,200
Accounts Debit Credit
Equipment
Unadjusted Trial balance $16,800
Accounts Debit Credit
Accounts Payable
Unadjusted Trial balance $ 4,533
Accounts Debit Credit
Salaries and Wages Payable
Salaries and Wages $740
Accounts Debit Credit
Unearned Rent Revenue
Unadjusted Trial balance $3,300
Rent Revenue $2,660
Balance c/d $640
Accounts Debit Credit
Mortgage Payable
Unadjusted Trial balance $37,200
Accounts Debit Credit
Common Stock
Unadjusted Trial balance $59,833
Accounts Debit Credit
Rent Revenue
Unadjusted Trial balance $9,000
Unearned Rent Revenue $2,660
Balance c/d $11,660
Accounts Debit Credit
Salaries and Wages Expense
Unadjusted Trial balance $3,000
Salaries & Wages Payable 740
Balance c/d $3,740
Accounts Debit Credit
Utilities Expense
Unadjusted Trial balance $800
Accounts Debit Credit
Advertising Expense
Unadjusted Trial balance $500
Accounts Debit Credit
Insurance Expense
Prepaid Insurance $450
Accounts Debit Credit
Supplies Expense
Supplies $1,500
Accounts Debit Credit
Depreciation Expense - Building
Accumulated depreciation $3,000
Accounts Debit Credit
Accumulated Depreciation Expense - Building
Depreciation Expense $3,000
Accounts Debit Credit
Depreciation Expense - Equipment
Accumulated depreciation $2,400
Accounts Debit Credit
Accumulated Depreciation Expense - Equipment
Depreciation Expense $2,400
Accounts Debit Credit
Mortgage Interest Expense
Mortgage Interest Payable $186
Accounts Debit Credit
Mortgage Interest Payable
Mortgage Interest Expense $186
(b) Adjusted trial balance on May 31:
Debit Credit
Cash $ 2,333
Supplies 1,100
Prepaid Insurance 1,350
Land 14,833
Buildings 71,200
Equipment 16,800
Accounts Payable $ 4,533
Salaries & Wages Payable 740
Mortgage Interest Payable 186
Unearned Rent Revenue 640
Mortgage Payable 37,200
Common Stock 59,833
Rent Revenue 11,660
Salaries and Wages Expense 3,740
Utilities Expense 800
Advertising Expense 500
Insurance Expense 450
Supplies Expense 1,500
Depreciation Exp. - Building 3,000
Depreciation Exp-Equipment 2,400
Mortgage Expense 186
Accumulated Depreciation- Building 3,000
Accumulated Depreciation- Equipment 2,400
Totals $120,192 $120,192
(c) Income statement and a retained earnings statement for the month of May and a classified balance sheet at May 31:
Income Statement for the month ended May 31:
Rent Revenue 11,660
Salaries and Wages Expense 3,740
Utilities Expense 800
Advertising Expense 500
Insurance Expense 450
Supplies Expense 1,500
Depreciation Exp. - Building 3,000
Depreciation Exp-Equipment 2,400
Mortgage Expense 186 (12,576)
Net Loss $916
Statement of Retained Earnings:
Net Loss ($916)
Balance Sheet as of May 31:
Assets:
Current assets:
Cash $ 2,333
Supplies 1,100
Prepaid Insurance 1,350 $4,783
Long-term assets:
Land 14,833
Buildings 71,200
Accumulated depreciation (3,000) 68,200
Equipment 16,800
Accumulated depreciation (2,400) 14,400 $97,433
Total assets $102,216
Liabilities + Equity:
Current Liabilities:
Accounts Payable $ 4,533
Salaries & Wages Payable 740
Mortgage Interest Payable 186
Unearned Rent Revenue 640 $6,099
Mortgage Payable 37,200
Total liabilities $43,299
Common Stock 59,833
Net Loss (916) $58,917
Total Liabilities + Equity $102,216
(d) Identification of accounts to be closed on May 31:
Rent Revenue 11,660
Salaries and Wages Expense 3,740
Utilities Expense 800
Advertising Expense 500
Insurance Expense 450
Supplies Expense 1,500
Depreciation Exp. - Building 3,000
Depreciation Exp-Equipment 2,400
Mortgage Expense 186
Explanation:
a) Data:
MOTO HOTEL Trial Balance as of May 31, 2017
Debit Credit
Cash $ 2,333
Supplies 2,600
Prepaid Insurance 1,800
Land 14,833
Buildings 71,200
Equipment 16,800
Accounts Payable $ 4,533
Unearned Rent Revenue 3,300
Mortgage Payable 37,200
Common Stock 59,833
Rent Revenue 9,000
Salaries and Wages Expense 3,000
Utilities Expense 800
Advertising Expense 500
Totals $113,866 $113,866
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.
Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.
Answers
The percentage of assets that were provided by investors, creditors, and earnings is $84,800.
What is investors?An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.
A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.
Calculation-
Balance sheet
assets = liability + stockholder's earning,
Cash+land = notable payable+common stock+retained earning
$29800+$55000=$28000+$54000+$2800.
$84800=$84800
Income statement
Revenue-expenses =net income
$50000-$46000=$4000
Thus, it is $84,800.
For more information about investors, click here:
https://brainly.com/question/18094926
#SPJ9
The working note and solution is attached-
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
learn more about capital: https://brainly.com/question/13372465
#SPJ1
which of the following is true about the ethics line
Answers
Answer: All of the above
Explanation:
The options include:
a. It's available 24 hours a day, 7 days a week.
b. All reports are handled in a highly confidential manner.
c. You do not have to identify yourself on the call.
d. All of the above.
An ethics line refers to the anonymous on-line system which can be used by an employee to report bad behavior or something unethical or illegal.
Ethics line are typically available 24 hours a day, 7 days a week and reports made are confidential. Therefore, the correct option is "All of the above".
A customer places an order to either buy 2,000 shares of ABC stock at 50 GTC; or to buy 2,000 shares of ABC stock at 70 Stop GTC when the market price of ABC is $52. The order is entered on the firm's internal order book, and 2,000 shares are filled at $50. The order that will appear on the firm's internal order book after the execution is:
Answers
Considering the situation described above, "no order will appear on the firm's internal order book after the execution."
This is because the executive order is an order that guarantees that the order will be executed; this implies that order execution is conducted before execution.
Given that the order has been executed, no order will appear on the firm's internal order book after the execution.
Generally, order execution can be conducted either manually or electronically.
Hence, in this case, it is concluded that the correct answer is "no order will appear on the firm's internal order book after the execution."
Learn more about order execution here: https://brainly.com/question/18900609
What are the three main forms of legal ownership of a business
Answers
Please try and answer my stuff
Can you go to my pfp and answer questions that haven't been answered thanks
Answers
Answer:
ya i can do that
Explanation:
Answer:
Yes, I can!
Explanation:
Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Answers
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
For such more question on cash budget:
https://brainly.com/question/28494878
#SPJ8
A current application of a company that uses the Human Resources model is Cummins engine
True or false?
Answers
The statement is True. A current application of a company that uses the Human Resources model is Cummins engine.
Oil, coal, herbal gasoline, metals, stone, and sand are natural sources. different herbal sources are air, daylight, soil, and water. Animals, birds, fish, and flowers are herbal resources as well. herbal resources are used to make food, gas, and raw substances for the production of products.
Classical economics acknowledges three classes of resources, additionally known as factors of production: land, hard work, and capital. The land consists of all herbal resources and is considered as each the site of production and the supply of raw substances.
Resources are essential for the improvement of any united states of America. for example, to generate strength, one wants fossil fuels; and for industrial development, we require mineral sources. 6. Irrational consumption and over utilization of herbal sources have led to socio-monetary and environmental issues.
Learn more about the Resources here https://brainly.com/question/1290230
#SPJ9
Incorrect
Question 3
0/5 pts
(01.01 MC)
Tina just completed a science degree and wants to continue on to medical
school. What can she expect?
-Her earnings potential may decrease.
-Her potential expenses may decrease
-Her earnings potential may increase.
-Her potential wants may decrease.
Answers
Answer:
Her earning potential may INCREASE
Explanation:
Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.
What is the earnings potential?Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.
The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.
Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.
Hence, option C is correct.
Learn more about the Earnings Potential here:
https://brainly.com/question/29644125
#SPJ2
Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences
Answers
The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.
Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.
In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.
Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.
For more question on opportunities
https://brainly.com/question/29887118
#SPJ8
Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year. By renting the newer and better house in which he chose to live, he could earn $35,000. Given this information, what would be the contribution of these two houses to U.S. GDP
Answers
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
What are 2 tools you can use to identify possible issues in quickbooks online company
Answers
Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.
The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.
Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:
Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etcQuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.
Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.
Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.
Learn more from
https://brainly.com/question/24253740
After the introductory period, all consumers who have this Platinum Card will...
Answers
Answer:
Qualify for an A.P.R. based on their creditworthiness
Explanation:
After the introductory period is over you will be set a new APR
Financial services Consumers, who have Platinum Card after some introductory period, qualify for APR (Annual Percentage Rates).
The qualification for APR depends on the customer's creditworthiness. This is the assessed financial ability of a customer to pay on her credit terms. If the credit performance of the customer is adjudged worthy, the cardholder may be given a Titanium card with a higher credit limit.When a credit card account is opened for a customer, the customer is charged with the introductory rate. Then, after the introductory period, the customers are charged with the APR, which is usually less than the introductory rate.Credit card account holders may also attract penalty APR when the penalty terms are triggered. Some credit card accounts attract variable APR, which means that the rate changes depending on stated circumstances.Thus, the rate charged at the introductory period of a Platinum Card is higher than the APR.
Learn more about Annual Percentage Rates at https://brainly.com/question/23806178
Which of these statements describe executive summaries? Check all that apply.
Executive summaries summarize the major sections of the report.
O Executive summaries include many supporting details and background information.
Executive summaries introduce the report and preview the major divisions.
O Executive summaries highlight the report's conclusions and recommendations.
Answers
Answer: D
Explanation: an executive summary gives an outline of a bigger picture or report and is generally what the reader will see.
Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company’s discount rate is 16%. The project would provide net operating income in each of five years as follows:
Sales $ 2,863,000
Variable expenses 1,014,000
Contribution margin 1,849,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs $ 781,000
Depreciation 583,000
Total fixed expenses 1,364,000
Net operating income $ 485,000
15. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the project’s actual simple rate of return? (Round your answer to 2 decimal places.)
Answers
Answer:
The initial investment is $2,915,000. The annual net operating income is $485,000. The project's simple rate of return is the annual net operating income divided by the initial investment.
The variable expense ratio is 45%, which means that the variable expenses are $2,863,000 x 45% = $1,288,350.
The contribution margin is $2,863,000 - $1,288,350 = $1,574,650.
The fixed expenses are $781,000 + $583,000 = $1,364,000.
The net operating income is $1,574,650 - $1,364,000 = $210,650.
The simple rate of return is $210,650 / $2,915,000 = 7.22%.
Therefore, the project's actual simple rate of return is 7.22%.
Suppose that the government regulates the price that a natural monopolist can charge to be equal to the firm's average total cost. Then the firm will
Answers
Suppose that the government regulates the price that a natural monopolist can charge to be equal to the firm's average total cost. Then the firm will be subsidized.
What is meant by natural monopoly?If one company can serve a market more affordably than any combination of two or more enterprises, that market has a natural monopoly.
When there is just one company that is the most productive in an industry, a natural monopoly results. It is unfeasible to have more than one company producing the good in a natural monopoly since fixed costs are usually very high. Tap water is an illustration of a natural monopoly.
Read more on monopoly here:
https://brainly.com/question/13113415
#SPJ1
what is business mathematics ? and what are the basics of business mathematics ?
Answers
Answer: Business calculation is mathematics used by industrial companies to record and maintain enterprise operations. Profit-making organizations use mathematics in accounting, catalog management, retailing, deals forecasting, and monetary analysis.
Answer: Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
100 POINTS HELP PLEASE If you produce corn and soybeans, what percentage of your production is soybean when 25% of what you produce is corn?
A. 0%
C. 50%
B. 25%
D. 75%
Answers
Answer:
75%
Explanation:
If 25% of what you produce is corn, then the percentage of your production that is soybeans is 100% - 25% = 75%. This means that if you produce corn and soybeans, 75% of your production is soybean. Therefore, the answer is 75%.
Since you’re producing 25% soybeans, all you would need to do to find out what percentage of your production is corn is subtract 25% from 100%, aka 100-25, leaving you with 75 or 75% of your production being corn.
when the business cycle or economic activity is declining the economy is said to be what
Answers
Answer:
Contraction
Explanation:
Contraction is when the level of economic activities in a country goes down. There is decreased productivity in the country, as indicated by a decline in the GDP value. At contraction, the economy will experience a drop in real incomes, retail sales, and industrial production. The unemployment rate begins to rise steadily as companies stop hiring while other lay-off workers due to reduced demand.
SECTION A QUESTION 1 1.1 1.1.1 Which one of the following statements represents a function of the JSE? to choose between different share options Helps B Raises primary Serves Does not provide 112 The retum a C capital gain profit D 113 This form of investment Unit trusts Shares CRSA Retail Savings Bonds Fixed deposits 4000 by eno for pricing B 114 Inver who lend money to a company Decenture holder ging new investment in listed companies shares is called vestors mum amount of R1 000 to vested
Answers
For those seeking a secure investment with federally guaranteed assurances, savings bonds are an excellent choice. Investors are guaranteed a return of their principal and interest payments because to this guarantee. U.S. Savings Bonds are frequently used by investors to lower the risk in their portfolios.
The greatest savings bonds are those that adjust with inflation, are available in both paper and electronic forms, and may not be subject to federal taxes when used to fund education.
A fixed deposit is a financial product offered by banks or non-bank financial institutions that, up until the specified maturity date, offers investors a higher rate of interest than a typical savings account. It might or might not call for the creation of a different account.
Learn more about savings bonds here:
https://brainly.com/question/16086801
#SPJ1
Malcolm (37) is a U.S. citizen. He was married at the beginning of 2020. His wife lived in the household until the end of February, then she moved out of the home. Their divorce was finalized on November 30, 2020, and Malcolm has not remarried. Malcolm provided 100% of the support for his son, who lived with him all year and is his qualifying child. Malcolm's most advantageous filing status is:
Answers
Based on the fact that Malcolm is a U.S. citizen and provided 100% of the support for his son, who lived with him all year and is his qualifying child, his most advantageous filing status is D. Head of household.
It should be noted that Malcolm can file a separate return from his ex-wife as the head of household. This is due to the fact that he stayed with his son and paid 100% maintenance for the son.
Under the head of household, the gross income is $18650 for those under the age of 65. Malcolm can also get dependent care credit, earned income credit, and education credit.
Therefore, he should file as head of household.
Read related link on:
https://brainly.com/question/25388350
Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Answers
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
To know more about Common Stock visit:
https://brainly.com/question/13762106
#SPJ1
Write a pin introducing yourself to the class, and addressing one or more of the following questions.
[NOTE: do not feel that you have to post a response to ALL of these questions - just select one or more to which you'd like to provide a response.]
1) How would each of the three views assess the U.S. corporations' practice of offshoring their manufacturing operations to lower cost locations? Is it wrong for international managers to do this?
2) From the "Uber" mini-case in the Hill & Hult textbook: what are the pros/cons of Uber's Global Strategy? What could Uber have done differently?
3) From the "Boeing" mini-case in the Hill & Hult textbook: Do you think that Boeing's most recent decision to rethink its outsourcing strategy is correct?
4) From the "Medical Tourism" mini-case in the Hill & Hult textbook: What are the benefits to American medical providers of outsourcing certain well-defined tasks such as interpreting an MRI scan to foreign providers in countries such as India? What would Economic Nationalists in the United States say about this? How would Liberals defend this practice?
Answers
Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
Why did Boeing restructure and outsource the project operations?The reason for the outsource is so that they can lower the costs and and the time spent on development.
Note that Boeing was known to have created about 787 through the use of a system that is said to be an unconventional three-tier supply chain.
Note that The implementation of this was said to have led to a substantial increase in outsourcing.
Hence, Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
Learn more about mini-case from
https://brainly.com/question/22526804
#SPJ1