a company has sales revenue of 132,000, cost of goods sold of $77,000, operating expenses of $32,000, and other expenses of $1,000. the company's gross profit is quizlet

The recording of the transactions in the T-accounts for the Griffin Service Company Incorporated is given below.

Cash Account

Account Titles                                       Debit                 Credit

Common stock                                    $12,480

Equipment                                                                      $9,500

Additional Paid-in Capital                   $77,520

Common Stock                                    $600

Additional Paid-in Capital                    $4,400

Note Receivable                                                              $4,500

Common Stock

Account Titles                                     Debit                   Credit

Cash                                                                               $12,480

Cash                                                                                $600

Additional Paid-in Capital

Account Titles                                       Debit                Credit

Cash                                                                               $77,520

Cash                                                                               $4,400

Lease Assets

Account Titles                                        Debit               Credit

Lease Liability                                       $180,000

Lease Liability

Account Titles                                         Debit               Credit

Lease Assets                                          $180,000

Equipment

Account Titles                                           Debit                Credit

Cash                                                          $9,500

Note Payable                                            $28,500

Note Payable

Account Titles                                            Debit                 Credit

Equipment                                                 $28,500

Land

Account Titles                                          Debit               Credit

Additional Paid-in Capital                      $35,00

Note Receivable

Account Titles                                          Debit                Credit

Cash                                                        $4,500

Hence, T-accounts is an accounting term which is usee to describe the ledger accounts.

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Answer:

Buying an expensive piece of machinery

Explanation:

The correct sequence of the events from start to finish is:

The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.

The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.

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The total interest Scott will pay on a 9-month loan at an interest rate of 2.9% for a new $12,500 company car can be calculated using the loan amount and the interest rate.

To calculate the total interest Scott will pay, we need to multiply the loan amount by the interest rate and the loan term.

In this case, the loan amount is $12,500, the interest rate is 2.9%, and the loan term is 9 months.

To find the total interest, we can use the formula:

Total Interest = Loan Amount × Interest Rate × Loan Term.

Plugging in the values, we get

Total Interest = $12,500 × 0.029 × 9.

Calculating the expression, the total interest Scott will pay can be determined.

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Answer:

$271.88

Explanation:

$12,500 × 0.029 × 0.75

Answer:

payment by cash is when you pay for something by cash

Explanation:

Answer:

When you use cash instead of your card.

Explanation:

Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is

Inventory that consists of the costs of the direct and indirect materials that have not yet entered the manufacturing process is known as material inventory.

Raw materials stock is the calculated cost of an organization's basic components that are used to build and manufacture its products. These are gadgets, considered “pre-production inventory,” currently in stock and anticipated use.

Raw materials are the input items or stock that an employer wishes to manufacture its merchandise. Examples of uncooked materials consist of steel, oil, corn, grain, fuel, lumber, forest assets, plastic, natural gas, coal, and minerals.

Uncooked substances, semi-finished items, and finished items are the three most important categories of inventory that might be accounted for in a business enterprise's economic debts.

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Answer: D

Explanation: High turnover rates suggest that Golden Creamery has problems hiring the most appropriate employees, which supports the implementation of a testing program. If hourly workers remained at the firm for a long time, then that would suggest the firm's current hiring practices do not need to be modified.  

Answer:

see below

Explanation:

1. Private Limited Company

A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company.  Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.

2. Public Limited Company

A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).

Answer:

$5,300

Explanation:

Calculation to determine Ada’s total support for the year

Medical and drug expenses $600

Add Lodging $1,200

Add household total food expense $2,000

($6,000/3 Ada+Robert+Barbara)

Add Source of income $1,500

Total support $5,300

($600+$1,200+$2,000+$1,500)

Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300

Answer:

Leather Sofa: Suggested Retail Price: $799.99

My reasoning for pricing this item is that it’s a high-quality piece of furniture that will last for many years. It’s a luxury item, so it should be priced accordingly.

Dining Table: Suggested Retail Price: $399.99

My reasoning for pricing this item is that it’s a high-quality piece of furniture that will last for many years. It’s a luxury item, so it should be priced accordingly.

Queen Size Bed: Suggested Retail Price: $499.99

My reasoning for pricing this item is that it’s a high-quality piece of furniture that will last for many years. It’s a luxury item, so it should be priced accordingly.

Armoire: Suggested Retail Price: $249.99

My reasoning for pricing this item is that it’s a high-quality piece of furniture that will last for many years. It’s a luxury item, so it should be priced accordingly.

Nightstand: Suggested Retail Price: $149.99

My reasoning for pricing this item is that it’s a high-quality piece of furniture that will last for many years. It’s a luxury item, so it should be priced accordingly.

a) Describe the distribution channel on which each of your goods will travel.

Leather Sofa: The leather sofa will travel through a wholesaler to a retailer, and then to the customer’s home.

Dining Table: The dining table will travel through a wholesaler to a retailer, and then to the customer’s home.

Queen Size Bed: The queen size bed will travel through a wholesaler to a retailer, and then to the customer’s home.

Armoire: The armoire will travel through a wholesaler to a retailer, and then to the customer’s home.

Nightstand: The nightstand will travel through a wholesaler to a retailer, and then to the customer’s home.

b) Your company processes online orders from all over the country. Which two modes of transportation would you use to deliver your goods to make sure your customers get the items in a timely manner without spending too much money, and why?

I would use ground transportation such as a trucking company to deliver the goods, as this is the most cost-effective and reliable way to get the items to the customer in a timely manner. I would also use air transportation for items that need to be delivered quickly, as air freight is faster and more reliable than ground transportation.

Explanation:

Could i get brainlest instead of 10 bucks?

The difference between these transactions are Selling the bonds of Goodwin Enterprises would be cash inflow from investing activities, whereas issuing bonds would be cash inflow from operating activities. Correct option is D.

When a company sells bonds of another enterprise, it is considered an investing activity because it involves acquiring or disposing of an asset (the bonds) that is not a part of the company's core operations.

The cash received from selling the bonds of Goodwin Enterprises would be recorded as a cash inflow in the investing activities section of the cash flow statement.

On the other hand, issuing bonds to raise money for an expansion is a financing activity because it involves obtaining funds from investors or creditors to support the company's growth. The cash received from issuing bonds would be recorded as a cash inflow in the financing activities section of the cash flow statement.

It is important to correctly classify cash flows into operating, investing, and financing activities to accurately assess a company's financial health and to make informed investment decisions. The cash flow statement provides a detailed breakdown of a company's cash flows and helps investors understand the sources and uses of cash in the business.

Therefore, correct option is D.

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To find the producer's surplus at a price level of $13, we first need to determine the quantity supplied (x) using the price-supply equation p = S(x) = 2 + 0.5x: 13 = 2 + 0.5x 11 = 0.5x x = 22

Now that we have the quantity supplied, we can calculate the producer's surplus using the formula for a triangular area: Producer's Surplus = (1/2) * base * height
The base of the triangle is the difference between the price level ($13) and the minimum price for which producers are willing to supply goods ($2). The height of the triangle is the quantity supplied (22).
Producer's Surplus = (1/2) * (13 - 2) * 22 Producer's Surplus = (1/2) * 11 * 22 Producer's Surplus = 121 The producer's surplus at a price level of $13 for the given price-supply equation is 121.

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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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The most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.

A Ethical values are personal or business values that guide the way through which it is done while in compliance with laws and regulations.

Hence, in this case, the most ethical thing for Elizabeth to do is write down the actual time she arrived and the actual time she finished.

Therefore, the Option A is correct.

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a. The expected return of stock A is 0.06 and the expected return of stock B is 0.03.

b. The standard deviation of stock A is 0.04 and the standard deviation of stock B is 0.03.

c. The expected return of the portfolio is 0.07 and the standard deviation of the portfolio is 0.03, based on the correlation given. The expected return of the portfolio is calculated by taking the weighted average of the expected returns of the two stocks, and the standard deviation of the portfolio is calculated using the correlation coefficient of the two stocks. This formula is known as the portfolio variance formula.

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Answer:

Explanation:

yes

Answer:

A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)

The cost per call to the hotel through VoIP would depend on the specific rates and pricing plans they have with their VoIP service provider.

As for whether to charge a fee for in-room long-distance calls or provide them as an amenity, it would depend on various factors such as the hotel's overall business strategy, target market, and competition.

Charging a fee for in-room long-distance calls can be a source of revenue for the hotel and help offset the costs associated with providing the service. It can also be a way to differentiate between different room rates or provide additional value to higher-tier guests.

On the other hand, offering in-room long-distance calls as a complimentary amenity can be a way to attract and retain guests, especially in a competitive market. It can enhance the guest experience and create a positive perception of the hotel.

Ultimately, the decision should be based on a careful analysis of the hotel's target market, cost implications, revenue potential, and overall business strategy to ensure it aligns with the hotel's goals and objectives.

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For Buffalo Co., at a sales level of 5,000 units, sales are $75,000, variable expenses total $50,000, and fixed expenses are $21,000.  Hence the contribution margin per unit is $5.

The donation periphery per unit is the selling price of one unit of goods minus the variable costs of making that unit.

The contribution margin per unit is the quantum of plutocrat each trade contributes towards paying fixed costs. Once the fixed costs are paid, it'll indicate how important profit is earned per unit vented. Let’s say it costs$1.00 for the accouterments and labor to make a pen and you vend each pen for$5.00. Every time you vend a pen you'll have$4.00 to go towards paying the rent and other fixed costs. We say that$4.00 is the donation periphery per unit, the quantum each trade contributes to paying fixed costs or earning profit.

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The costs not relevant to the decision of whether or not to replace the pump include the book value of the old pump ($27,000), the remaining life of the old pump (4 years), and the trade-in value for the old pump ($8,300).

These costs are not relevant because they represent sunk costs or costs that have already been incurred and cannot be recovered. The decision to replace the pump should be based on the incremental costs and benefits of the new pump compared to the old pump.

The relevant factors are the cost of the new pump ($48,000) and the annual savings in variable costs ($11,200) over the four-year life of the new pump.

The decision include the cost of the new pump ($48,000), the trade-in value for the old pump ($8,300), and the annual variable cost reduction ($11,200 per year).

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Answer:

It must be invested at 19% per year.

Explanation:

Given that Tanner is entering high school and needs to save as much money as he can for college, to determine what rate of return must Tanner earn for his investment of $ 5,000 to double in 4 years, the following calculation must be performed:

72 / X = 4

72/4 = X

18 = X

Thus, approximately, it must be invested at 18% per year. But it must be checked by the following calculation:

5000 x 1.18 ^ 4 = 9,693.88

5000 x 1.19 ^ 4 = 10,026.69

Thus, it must be invested at 19% per year.

Answer:

A. to generate interest in a story to attract viewers and readers

There are several types of law and regulations that apply to every business, regardless of type or size, such as:

Commercial law or also known as mercantile law and business law, generally can be defined as the body of rules, whether by governing the dealings between persons in commercial matters or also between agreement, convention,  or international or national legislation. Based on the types or size of business, there are some regulations that can be used, such as environmental laws, work place laws, and also consumer protection laws.

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Vincent's financial goal is to purchase a two-bedroom house with a small backyard in the north side of the city in five years. He has $5,000 in his savings account and doesn't plan to deposit or withdraw any money.

Vincent needs to choose a savings account that offers the highest interest rate to maximize his savings over the five-year period. Using the PACED decision-making method, Vincent should:

The best high-yield savings account for Vincent is the Marcus by Goldman Sachs High Yield Online Savings Account. This account offers a 0.50% APY with no fees and no minimum deposit requirement. Vincent can open the account online and manage it easily through the mobile app or website.

In conclusion, Vincent should choose a high-yield savings account to maximize his savings for purchasing a house in five years. The Marcus by Goldman Sachs High Yield Online Savings Account is the best option for Vincent as it offers a competitive interest rate and has no fees.

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To determine the value that will be recorded for the building, we need to subtract the value of the land and equipment from the total cost of the property.

Given that the cost of the property is $2,375,000, and the values of the land and equipment are $778,920 and $786,000 respectively, we can calculate the value of the building as follows:

Value of the building = Total cost of the property - Value of the land - Value of the equipment

Value of the building = $2,375,000 - $778,920 - $786,000

Value of the building = $810,080

Therefore, the value that will be recorded for the building is $810,080.

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Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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Contribution margin is the amount remaining after variable expenses have been deducted from sales revenue.

On a gross or per-unit basis, the contribution margin can be expressed. After the variable element of the company's costs have been subtracted, it indicates the additional revenue made for each product or unit sold.

As the selling price per unit less the variable cost per unit, the contribution margin is calculated. The measurement, also known as dollar contribution per unit, reveals how much a specific product adds to the company's overall profit.

It offers a means of demonstrating the profitability of a specific product being sold by a company and displays the percentage of sales that goes toward paying fixed expenses. Profit is the amount of money that is made after paying for fixed expenses.

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