Answers
The breakeven point is 16,250.
The contribution margin is $4.
What is the contribution margin and the breakeven point?Contribution margin is the difference between the price of an item and the variable cost per unit.
Contribution margin = price - variable cost per unit
$5 - 1 = $4
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / contribution margin
$65,000 / $4 = 16,250
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Related Questions
Assignment:
Your audience is me, the Teacher. I am requesting that you plan, organize, and design a short business presentation that should include visuals/graphics.
You choose the business topic.
- Demonstrates planning and organizing. (Plan a business presentation that accomplishes the speaker’s goals and meets the audience’s needs, & organize and develop the three parts of an effective presentation)
- Designs a business presentation including at least 3 visuals/graphics.
- Illustrates effective use of color schemes and appealing fonts.
- Identifies use of presentation software and follows assignment directions.
- Prepares a 5-minute professional business presentation consisting of 5-10 slides.
Answers
The business topic i woud choose is E-Commerce. which is f buying and selling goods and services online and the best way to sell products in this age.
What is E-commerce?E-commerce can be described a the Online purchasing as well as selling of products and services is known as e-commerce t hould be notd that the Affiliate marketing strategies are also a possible part that can be attrib uted to the ecommerce firm. To increase online sales, you can leverage ecommerce platforms like your own website, a well-known retailer like Amazon, or social media.
The three types of e-commerce are;
business-to-business (websites such as Shopify) business-to-consumer (websites such as Amazon)/ consumer-to-consumer (websites such as eBay).Learn more about business at:
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Mr. Edwards, a marketing representative of the ACME Insurance Company, scheduled a marketing event and expects about 40 people to attend. He has hired a magician for $200 to entertain attendees. Can he do this in a way that complies with guidance from the Medicare agency?
Answers
Yes, he can do this in a way that complies with guidance from the Medicare agency, because the estimated number of attendees is based on the venue size and response rate and the value of the gift does not exceed.
What is marketing?Marketing can be defined as the process of creating product or brans awareness so as to attract potential customers which inturn can help to increase a company sales.
Based on the given scenario he can do this in a way that complies with guidance from the Medicare agency, based on the fact that the total number of attendees is based on how large or how small the venue is and response rate as well as the value of the gift does not exceed.
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Who is most likely to benefit when the Canadian dollar depreciates against the euro? A. Foreign sellers to Canadian buyers B. Canadian buyers of foreign goods C. Canadian sellers to foreign buyers D. None of these will benefit
Answers
Answer:
A
Explanation:
When the Canadian dollar depreciates against the euro, the value of the Canadian dollar falls relative to the Euro.
For example, the exchange rate before the depreciation is 40 Canadian dollar / Euro. After the depreciation, it is 80 Canadian dollars / Euro.
Goods become more expensive for Canadian buyers of foreign goods. For example, a foreign good costs 160 Euros. Before the depreciation the good would cost (160 x 40) = 6400 Canadian dollars. After the depreciation, it would cost, 12,800 Canadian dollars.
Canadian sellers to foreign buyers don't benefit from the depreciation. Assume a local good costs 40 Canadian dollars. foreigners would pay 1 Euro for the good before depreciation. After depreciation, foreigners would pay 0.5 Euros for the good
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
Answers
The opportunity cost of a cup of coffee is 1/3 cups of cappuccinos.
What is the production possibilities curve?
The Production possibilities curve is a line that depicts the various combination of two goods a nation / individual / firm can produce when all its resources are fully utilised.
What is the opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives . As more coffees are produced less cappuccinos can be made.
The opportunity cost of a cup of coffee = (6 - 3) / (12 - 3) = 3/9 = 1/3.
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how do changing prices affect supply and demand
Answers
Answer:
Increased prices typically result in lower demand, and demand increases generally lead to increased supply. However, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others.
Which of the following does Content Marketing helps with?
Answers
Content Marketing helps with Option D. All the above.
Content marketing is a strategic marketing approach that aims to create valuable, relevant, and engaging content for the targeted audience to increase their engagement and loyalty towards the brand. It involves the creation and sharing of various types of content, such as blog posts, articles, videos, infographics, and social media posts, to attract and retain customers.
Content marketing can help businesses achieve various objectives, including:
SEO (Search Engine Optimization): Content marketing can help businesses improve their SEO ranking by creating and publishing high-quality, relevant, and valuable content that includes relevant keywords, meta descriptions, and tags. When the audience engages with this content, it signals to search engines that the content is useful and relevant, which can improve the website's ranking on search engine result pages.
Brand building: Content marketing can help businesses establish themselves as thought leaders in their industry by creating and sharing high-quality content that offers value to their target audience. By consistently creating valuable content, businesses can build trust, credibility, and authority among their target audience, which can ultimately lead to increased brand awareness, loyalty, and advocacy.
Social media reach: Content marketing can help businesses increase their social media reach by creating and sharing valuable and engaging content on social media platforms. By creating shareable content, businesses can attract more followers, increase engagement, and drive traffic to their websites, ultimately leading to increased conversions and sales.
Overall, content marketing is a powerful marketing tool that can help businesses achieve various objectives, including SEO, brand building, and social media reach. It involves creating and sharing high-quality, relevant, and valuable content that resonates with the targeted audience to increase engagement, loyalty, and conversions. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which of the following does Content Marketing helps with?
A. SEO
B. Brand Building
C. Social Media Reach
D. All the above
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A design consultant says your dining area is too crowded and redesigns your space with three fewer tables to resolve the problem. Each table yields an average of $150 / day. You are closed Mondays. About how much money will you lose in a year by removing three tables?
Answers
Answer:
$140,400
Explanation:
Anastasia is a principal who is responsible for telling one of her teachers that the school will be cutting her Spanish program in the fall. She has been friends with this teacher for years and knows that the teacher will be very upset. What is the most appropriate communication channel for Anastasia to choose to share this news with the teacher in this scenario?
Question 2 options:
She should send the teacher a formal, typed letter.
She should talk to the teacher face-to-face.
She should send the teacher a text message.
She should post the news on the school website.
Answers
Answer she should talk to her face to face
Explanation:
if she respects this woman that is the best way to keep it
Your name, address, telephone number, and e-mail address all belong in the ____ section of a résumé.
letterhead
education
references
heading
Answers
Answer:
heading
Explanation:
our contact information—which includes your name, address, phone number, and email address—should always appear at the top of your resume, regardless of which resume format you are using.
Answer:
A) Letterhead
Explanation:
Your answer should actually be letterhead. If you look up what a letter head is online it tells you it's the heading at the top of a paper that usually consists of a name address, phone number, and email.
I took the quiz and got the answer correct!
EDG 2021
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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Identify which of the following are properly reported in a statement of cash flows. (Check all that apply.)
Answers
In the statement of cash flows, these transactions would be listed under investing activities from
Investments in securities and plant assets were purchased with cash. The correct option is A. Cash flows from operating activities
Your organization's cash flow articulation depends on the cash flow from successful management operations, which is used to demonstrate the impact of these efforts on cash flow. For this action, figure out how to compute it. Contributing activities refer to any transactions that directly affect long-term assets.
This may include buying a building, giving away equipment, or investing money in stocks. Once completed, information on the cash flow proclamation of an organisation is given to these activities.Every time a delayed resource is purchased, organization's cash flow is reduced.
complete question:
Identify which of the following are properly reported in a statement of cash flows. (Check all that apply.)
Options for this question include:
A. Cash flows from operating activities
B. Cash flows from financing activities
C. Cash flows from investing activities
D. Cash flows from income actvities
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Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:
Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.
Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes
Answers
Answer:
Evergreen Company
1. Necessary Journal Entries for Evergreen involving the sale of merchandise:
Feb. 28 Debit Notes Receivable (Lennox Inc.) $10,000
Credit Sales Revenue $10,000
To record the sale of goods on credit, terms 10% 7-month note.
Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000
Credit Sales Revenue $7,200
Credit Interest Receivable $800
To record the sale of goods on credit.
Apr. 3 Debit Accounts Receivable (Carr Co.) $7,000
Credit Sales Revenue $7,000
To record the sale of goods with terms 2/10, n/30.
Apri. 11 Debit Cash Account $6,860
Cash Discount Allowed $140
Credit Accounts Receivable (Carr Co.) $7,000
To record the collection on account.
Apr. 17 Debit Sales Returns $5,000
Credit Accounts Receivable $5,000
To record the return of goods on account.
Apr. 30 Debit Cash Account $49,500
Debit Finance Charges $500
Credit Accounts Receivable $50,000
To record the transfer of receivables to a factor without recourse and 1% finance charge.
June 30 Debit Cash Account $8,800
Debit Finance Charges $1,200
Credit Notes Receivable $10,000
To record the discounting of the note at the bank at 12%.
2. Necessary Adjusting Journal Entries at December 31, 2021:
3. A Schedule showing the effect of the journal entries on 2021 income before taxes:
Sales revenue $10,000
Sales Revenue 7,200
Sales Revenue 7,000
Discount Allowed (140)
Interest Receivable 800
Sales Returns (5,000)
Finance charges (500)
Finance charges (1,200)
Explanation:
Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date. This usually attracts some finance charges. Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default. Sales with recourse implies that Evergreen retains the risk arising from credit default.
At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $46 million. At the time of purchase, the carrying value of Sky Tech's net assets was $62 million. The fair value of Sky Tech's depreciable assets was $10 million in excess of their book value. For this year, Sky Tech reported a net income of $62 million and declared and paid $10 million in dividends. The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:
Answers
Answer:
The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is $2,500,000
Explanation:
The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:
= $10,000,000 * 25%
= $10,000,000 * 0.25
= $2,500,000
Imagine that you are in the position of buying loans in the secondary market, you would be willing to pay ______________for a given loan if ______________.
Answers
Answer:
more borrowed
Explanation:
How are state Insurance Guaranty Associations funded?
Answers
Every state has a guarantee fund that is created by legislation. To safeguard policyholders in the event that an insurer goes bankrupt or is unable to pay its debts, a state's insurance commissioner maintains guarantee funds.
It is possible for a borrower to approach a bank for a loan since a guarantee fund offers a loan or credit guarantee. When a borrower lacks adequate security, such as real estate or other assets, guarantees can be quite helpful. The lack of (enough) collateral is practically universal among small borrowers. Guarantee insurance entails that an insurance firm, rather than a bank, provides a guarantee to your business.
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Some CPAs and non-CPAs form a partnership to practice public accounting. Which, if any, of the following would be permitted or required by the AICPA for such a partnership?
A. A non-CPA banker who will be an owner will not be actively engaged in the practice. He is providing the financing to get the partnership formed and operating.
B.Non-CPA owners, other than the banker, who are actively engaged as members of the firm would have to complete the same number of work-related CPE requirements as the CPA members.
C.Non-CPA owners could have the title 'partner'.
D.All of the above would be permitted or required by the AICPA.
E.None of the above would be permitted or required by the AICPA.
Answers
The AICPA sets standards for the professional conduct and independence of all certified public accountants (CPAs) who are engaged in the practice of public accounting.
This includes the requirement that all CPAs who engage in public accounting be members of the AICPA and abide by the AICPA's Code of Professional Conduct. In the case of a partnership between CPAs and non-CPAs to practice public accounting, the AICPA requires that all partnerships engaged in public accounting include at least one CPA who is a member of the AICPA. This is because the AICPA is committed to ensuring that the public receives high-quality accounting services from competent professionals who adhere to the highest ethical standards. However, the AICPA does not have specific rules for the formation or structure of partnerships in public accounting, and it does not have the authority to regulate non-CPA owners in such partnerships. This means that A) a non-CPA banker who is providing financing for the partnership may not be required to be actively engaged in the practice, B) non-CPA owners who are actively engaged as members of the firm may not be required to complete the same number of work-related CPE requirements as the CPA members, and C) non-CPA owners may be allowed to have the title "partner". It is important to note that while the AICPA may not have specific regulations for partnerships between CPAs and non-CPAs, state boards of accountancy may have more stringent requirements. Additionally, these partnerships may still be subject to other laws and regulations, such as those related to business formation and taxation.
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A plumber and an industrial building draftsman would belong to which career cluster?
A: Agriculture, Food, and Natural Resources
B: Hospitality and Tourism
C: Architecture and Construction
D: Finance
Answers
Answer:
Architecture and Construction
Explanation:
Other things that would be included in this career cluster would be a plumber, a pipfitter, steamfitter......etc.
Greet the customer and thank them for contacting our company
2. Let the customer know their order has been delayed, as caused by a severe blizzard on the East coast.
3. Express sympathy for the inconvenience caused.
4. Let them know that they can call customer support 8a - 8p EST, Mon - Fri: 555-555-5555
5. Sign off
Answers
Answer:
ok
Explanation:
Dillon Company incurred the following costs while producing 480 units: direct materials, $9 per unit; direct labor, $22 per unit; variable manufacturing overhead, 12 per unit; total fixed manufacturing overhead costs, $7,680; variable selling and administrative costs, $4 per unit; total fixed selling and administrative costs, $4,320. There are no beginning inventories.
What is the unit product cost using variable costing?
A. $72 per unit
B. $59 per unit
C. $47 per unit
D. $43 per unit
Answers
Answer:
The unit cost is $43 per unit
Explanation:
Required
Determine the unit product cost?
Using variable costing, the unit product cost is:
\(Unit = DM+ DL + VMO\)
\(DM = Direct\ Materials =\$9\)
\(DL = Direct\ Labor =\$22\)
\(VMO = Variable\ Manufacturing\ Overhead = \$12\)
So, we have:
\(Unit = \$9 + \$22 + \$12\)
\(Unit = \$43\)
Hence, the unit cost is $43 per unit
Advertisements masquerade as media content by
A. persuading us to buy a product.
B. breaking crucial news stories.
C. being entertaining and funny.
D. selling us beauty products.
Answers
Answer:A
Explanation:
Persuading is a way to attracter customers
Trái phiếu của công ty S hiện được bán với mức giá $955, lãi suất coupon là
12% trả lãi hàng năm, mệnh giá là $1.000, thời gian đáo hạn là 15 năm. Hãy
tính YTM của trái phiếu.
Answers
Answer:
câu trả lời là 16.800 trong 15 năm với lãi suất 12%
Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
Answers
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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Which statement about free on-line translation is true?
A: You are allowed to use free on-line transition software at your discretion
B: You are only allowed to use free on-line translation software if it is for a short, simple project
C: Bon Secours Mercy Health's policy is to never use free on-line translation software
Answers
The statement about free on-line translation that is true is that C. Bon Secours Mercy Health's policy is to never use free on-line translation software.
What is translation?It should be noted that translation simply means changing the form of a language to another form.
In this case, the statement about free on-line translation that is true is that Bon Secours Mercy Health's policy is to never use free on-line translation software.
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.What market needs are common to these students that justify combining them onto a single segment in studying the market for your Wend's restaurant?
Answers
The market needs that justify combining these students onto a single segment for studying the market for your Wendy's restaurant include convenience, affordability, and a preference for quick service. Students often have busy schedules, with classes and various commitments, so they seek convenient dining options that fit their time constraints. By offering a location near the campus or easily accessible to students, your Wendy's restaurant can fulfill this need for convenience.
Moreover, affordability is a common market need among students. Many students have limited budgets and look for affordable food options that provide value for their money. By offering competitive prices, meal deals, or student discounts, your Wendy's restaurant can attract and cater to this price-sensitive segment.
Additionally, students often prefer quick service due to their time limitations. They may have short breaks between classes or need to grab a meal on the go. By providing efficient service and minimizing waiting times, your Wendy's restaurant can meet their need for quick and hassle-free dining experiences.
By considering these common market needs of convenience, affordability, and quick service, you can effectively target and serve the student segment in studying the market for your Wendy's restaurant. Conducting further research and gathering insights from students in your specific market will help refine and tailor your offerings to better meet their needs.
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Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The amount of the cash paid on August 16 equals:___.
A. $8, 167.50.
B. $9, 652.50.
C. $9, 750.00.
D. $8, 250.00.
E. $8, 152.50.
Answers
Answer:
A. $8, 167.50
Explanation:
The fact Juniper company returned $1,500 worth of merchandise, means that it is only obliged to pay the amount of $8,250($9,750-$1,500).
However, the payment was made on 16th August, which is the discount period of 10 days, hence, the cash paid on August 16 is computed thus:
cash paid=amount of merchandise owed*(1-discount rate)
discount rate=1%(1% discount if payment is made within 10 days of the purchase date)
cash paid=$8,250*(1-1%)
cash paid=$ 8,167.50
Computer-assisted telephone interviewing has replaced online survey research as the most popular method of
collecting data.
a. True
b. False
Answers
The statement "Computer-assisted telephone interviewing has replaced online survey research as the most popular method of collecting data." is false. Option B
What is Computer-assisted telephone interviewing?Generally, The Computer-Assisted Personal Interviews (CAPI) technique is a face-to-face data-collecting approach in which the interviewer utilizes a tablet, mobile phone, or computer to record responses made during the interview. This technique is also known as a computer-assisted telephone interview (CATI).
Computer-assisted telephone interviewing (CATI) is a method of conducting telephone surveys in which the interviewer is guided through the questions by a script that is generated by a software program.
In conclusion, The claim that computer-assisted telephone interviewing has surpassed online survey research as the most common approach of data collection is untrue.
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Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain FOUR (4) of those strategies and under what conditions a business owner should use them.
Answers
The four pricing strategies commonly used by businesses for established goods and services are Penetration Pricing, Skimming Pricing, Premium Pricing and Bundle Pricing.
Here are four pricing strategies commonly used by businesses for established goods and services, along with the conditions under which they can be applied:
Penetration Pricing: Penetration pricing involves setting a low initial price for a product or service to quickly capture market share. This strategy is typically used when a business wants to enter a competitive market or launch a new product. Skimming Pricing: Skimming pricing is the opposite of penetration pricing. It involves setting a high initial price for a product or service and gradually lowering it over time. This strategy is often employed for products with unique features or a competitive advantage. Premium Pricing: Premium pricing involves setting a higher price than competitors to position the product or service as exclusive or of higher quality. This strategy is commonly used when a business wants to create a perception of luxury, prestige, or uniqueness. Bundle Pricing: Bundle pricing involves packaging multiple products or services together and offering them at a discounted price compared to purchasing each item individually. This strategy encourages customers to buy more items by providing them with a perceived value or cost savings.For such more question on Penetration:
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4. True or False? Patchwriting is considered a form of plagiarism. (required) O True O False
Answers
The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.
While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.
To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.
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Determine the missing amounts in each of these four separate situations a through d.
a
b
с
d
$
2,816
625 $
4.375
3,313 $
11,264
11,864
Supplies available-prior year-end
Supplies purchased during current year
Total supplies available
Supplies available-current year-end
Supplies expense for current year
5.000
14,577
(1,075)
(3,296)
22,296
(800)
12,439
3,013
Answers
The determination of the missing amounts in each of these four separate situations, a through d, is as follows:
a b c d
Supplies available-prior year-end $2,816 $625 $4,375 $3,313
Supplies purchased (current year) 11,264 11,864 5,000 14,577
Total supplies available $14,080 $12,489 $9,375 $17,890
Supplies available-current year-end (1,075) (3,296) (800) (12,439)
Supplies expense for current year $13,005 $9,193 $8,575 $5,451
What are end-of-year adjustments?
The end-of-year adjustments are the changes made to the items of the balance sheet and income statements to ensure that the year-end financial reports accurately reflect the company's accounts in accordance with the accrual concept and the matching principle of US GAAP.
Thus, the missing amounts have been determined, but note that the amounts may not be accurate because the question was not complete.
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Prior to beginning work on this discussion, complete the reading assignment in the text and review the articles listed in recommended resources. In addition, review the material in the Introduction section and pay attention to the Sustainable Growth Rate (SGR) ratio. Your business partner told you that she feels the business will grow by 115% next year. What is your initial reaction in terms of information you need to put this growth estimate in perspective and to justify assumptions? As you develop your response, focus on the following information (you are encouraged to go beyond the course text for information): You are presenting this information about projected sales growth to an interested investor. Projections based on guessing will be unimpressive so you must be able to identify and defend the assumptions you and your partner used to make sales projections. Analyze the financial ratio categories and determine if there is a financial ratio that will provide a foundation for your growth projections. Offer your peers a link to a video or an article that complements your answer to the items above.
Answers
Answer:
1121
Explanation:
i dont know the answeer