The peak season for Paradise Cruises is the summer season. This is because the inverse demand function for summer is steeper than that of winter, implying that consumers are willing to pay more in the summer season for yacht rental services.
To determine the profit-maximizing prices in both seasons, we need to use the inverse demand functions and the total number of yachts available for rental Monopoly .
In the summer season, the inverse demand function is PS = 200 - 2QS, where PS is the price of yacht rental and QS is the quantity of yachts rented. If we solve this equation for QS and set it equal to the total number of yachts available (75), we get QS = (200 - PS)/2.
The profit-maximizing price is found by setting marginal revenue (MR) equal to zero. Since MR = PS(1 - 2QS/200), we have 0 = PS(1 - 2QS/200), which implies that QS = 100 - PS/2. Substituting this expression for QS into the equation for total quantity (75 = QS) gives us PS = $50. Therefore, the profit-maximizing price for summer yacht rentals is $50.
In the winter season, the inverse demand function is PW = 200 - QW, where PW is the price of yacht rental and QW is the quantity of yachts rented. If we solve this equation for QW and set it equal to the total number of yachts available (75), we get QW = 200 - PW.
Setting MR = 0 as before, we get 0 = PW(1 - 1/200), which implies that PW = $200. Therefore, the profit-maximizing price for winter yacht rentals is $200.
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5. Groceries are considered what type of an expense?
Answer:
Fixed
Explanation:
Answer:
Necessary expense
Explanation:
You kinda need food to live
• To end this short module on understanding different faith communities, make a photo-essay/collage or editorial cartoon that portrays the significance of inter-religious dialogue and ecumenism and Lasallian future professionals. explain your work briefly.
Inter-religious dialogue and ecumenism are crucial aspects of Lasallian education. Lasallian future professionals are encouraged to engage in dialogue with people of other faiths and to foster mutual respect, understanding, and cooperation.
By promoting inter-religious dialogue, Lasallian institutions aim to build bridges between different communities, break down barriers, and promote social harmony.
Moreover, the Lasallian tradition emphasizes the importance of serving the poor and marginalized. Inter-religious dialogue and ecumenism enable future professionals to better understand the needs and concerns of different communities and to work together to address common challenges.
In conclusion, inter-religious dialogue and ecumenism are essential components of Lasallian education that help future professionals to develop the knowledge, skills, and attitudes needed to promote social justice, peace, and harmony in our diverse world.
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WILL MARK BRAINLIST!
Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
Hope I helped! Ask me anything if you have any questions. Brainiest plz!♥ Hope you make a 100%. Have a nice morning! -Amelia♥
Answer:
Equals
Explanation:
Layoffs only happen to bad employees. Please select the best answer from the choices provided T F.
Layoffs are described as the suspension of employees. The above statement is false, that the layoffs only happen to bad employees because this may happen with any employees.
What are layoffs?A layoff is described as the act of an employer temporarily or permanently hanging or changing a worker, excluding an employee's real performance.
A layoff may occur to a determined worker whose occupation has been destructed because an employer has closed its operation or displaced.
Layoffs take place when an employer is compelled to block relations with its employees for justifications that are not subject to their execution.
Companies' failure or the decrease in production levels are common origins of big layoffs. It has zero to do with whether an employee is awful or not.
Therefore, The given statement is false.
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Answer:
False
Explanation:
Layoffs happen because a company can no longer afford to keep paying them, There is no relation between performance and layoffs
Prompt What is advertising?
Answer:
An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.
you tour a company and notice that employees all seem to have a common goal and understanding of procedures. what would be the contributing factor for this? responses action plan action plan strategies strategies organizational structure organizational structure safety manuel
As you visit a firm, you note that all of the staff appear to have a single goal or objective and a grasp of how things are done. The contributing factor for this might be proper action plan strategies.
The correct option is A.
Setting goals, agreeing on steps to accomplish those goals, and mobilising the resources required to carry out those activities are all parts of strategic planning. A strategic plan outlines the methods and resources that will be employed to accomplish those objectives.
Planning, legislation, neighbourhood norms, incentives, and educational options are examples of action strategies.
A detailed strategy that lays out the measures to follow in order to achieve one or more goals is known as an action plan.
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Answer:
action plan
Explanation:
because the guy above said so and he has an expert verified answer
Dan Reid, chief engineer at New Hampshire Chemical, Inc., has to decide whether to build a new state-of-art processing facility. If the new facility works, the company could realize a profit of $200,000. If it fails, New Hampshire Chemical could lose $150,000. At this time, Reid estimates a 60% chance that the new process will fail.The other option is to build a pilot plant and then decide whether to build a complete facility. The pilot plant would cost $10,000 to build. Reid estimates a fifty-fifty chance that the pilot plant will work. If the pilot plant works, there is a 90% probability that the complete plant, if it is built, will also work. If the pilot plant does not work, there is only a 20% chance that the complete project (if it is constructed) will work. Reid faces a dilemma. Should he build the plant? Should he build the pilot project and then make a decision? Help Reid by analyzing this problem
Reid should choose to build the pilot plant and then make a decision. This option provides an expected value of $80,000, whereas building the new facility directly would result in an expected value of -$10,000.
Dan Reid, the chief engineer at New Hampshire Chemical, Inc., is faced with the decision of whether to build a new state-of-the-art processing facility. If the new facility is successful, the company stands to make a profit of $200,000. However, if it fails, the company could incur a loss of $150,000. Currently, Reid estimates a 60% chance of failure for the new process.
An alternative option for Reid is to construct a pilot plant first, which would cost $10,000. He believes there is a 50% chance of the pilot plant working. If the pilot plant is successful, there is a 90% probability that the complete plant, if built, will also be successful. Conversely, if the pilot plant fails, there is only a 20% chance of the complete project being successful if it is constructed.
To analyze this problem, Reid should consider the expected values associated with each option. The expected value of building the new facility is calculated as follows:
(0.6 * -$150,000) + (0.4 * $200,000) = -$90,000 + $80,000 = -$10,000
For the pilot plant option, the expected value is:
(0.5 * -$10,000) + (0.5 * [(0.9 * $200,000) + (0.1 * -$150,000)]) = -$5,000 + $85,000 = $80,000
Based on the expected values, Reid should choose to build the pilot plant and then make a decision. This option provides an expected value of $80,000, whereas building the new facility directly would result in an expected value of -$10,000.
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Nicole makes $2,000 per month. Each month, she spends $400 on credit card payments, $100 on a store credit, and $350 on an auto loan. Does she have excessive debt?
Yes, because her debt-to-income ratio is 42.5 percent.
No, because her debt-to-income ratio is 25 percent.
No, because her debt-to-income ratio is 42.5 percent.
Yes, because her debt-to-income ratio is 25 percent.
Answer:
Yes, because her debt-to-income ratio is 42.5 percent.
Which of the following is an advantage of the budgeting process?A. Coordinates the activities of the organization.B. Assures that the lowest cost of materials will be obtained.C. Assures the company will achieve its objectives.D. Guarantees that a profit will be achieved.
The correct option is A. Coordinates the activities of the organization. The advantage of the budgeting process is Coordinates the activities of the organization.
Coordinates the activities of the organization is the correct choice because budgeting involves the coordination and alignment of various activities within an organization. Through the budgeting process, different departments and individuals can establish their financial goals, allocate resources, and align their efforts towards achieving those goals. It helps to create a roadmap for the organization's activities and ensures that they are synchronized to work towards the overall objectives.
The budgeting process serves as a vital tool in coordinating the activities of an organization. It promotes planning, communication, and control, allowing different departments and individuals to work together towards shared objectives and ensuring the optimal utilization of resources.
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The Geller Company has projected the following quarterly sales amounts for the coming
yeat: Q1 Q2 Q3 Q4 Sales $240 $300 $360 $510
a. Accounts recevable at the begnning of the year are 5450 . The compary has a 45− day collection periad, Calculare cash collections in each of the four quarters by comploting the following. (Do not round intermediate calculations and round your answers to the nearest whole number, e,9,32.1 b. Accounts receivable at the beginning of the year are $450. The company has a 60 day callection period. Calculate cash collections in each of the fout quarters by completing the folowing. (Do not round intermeciate calculations and round your answers to the nearest whole number, e.g. 32.}
a. Cash collections in each quarter for a 45-day collection period: Q1: $240, Q2: $300, Q3: $360, Q4: $460.
b. Cash collections in each quarter for a 60-day collection period: Q1: $240, Q2: $300, Q3: $360, Q4: $450.
a. To calculate cash collections, we need to consider the sales amounts and the collection period. For a 45-day collection period, we assume that the entire sales amount is collected after 45 days. Therefore, the cash collections for each quarter are the same as the sales amounts: Q1: $240, Q2: $300, Q3: $360, Q4: $510.
b. For a 60-day collection period, we assume that the sales amount is collected after 60 days. Therefore, the cash collections for each quarter are the same as the sales amounts: Q1: $240, Q2: $300, Q3: $360, Q4: $450.
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Problem 1: On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash Rs. 7,000. 8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store. 14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000. 18. Owner withdrew of worth Rs. 2,000 for personal use. 22. Paid Khalid Retail Store Rs. 500. 26. Received Rs. 10,000 from Khan Brothers. 30. Paid Salaries Expense Rs. 2,000 Required: Prepared general journal
Answer:
General Journal
April 01
Cash Rs. 100,000 (debit)
Capital Rs. 100,000 (credit)
Owner invest cash in the business
April 02
Furniture Rs. 7,000 (debit)
Cash Rs. 7,000 (credit)
Cash Purchase of Furniture
April 08
Merchandise Rs. 3,000 (debit)
Cash Rs. 2,000 (credit)
Accounts Payable : Khalid Retail Store Rs. 1,000 (credit)
Cash and credit purchases made
April 14
Accounts Receivables : Khan Brothers Rs. 12,000 (debit)
Cash Rs. 5,000 (credit)
Sales Revenue Rs. 17,000(credit)
Cash and credit sales
April 18
Drawings Rs. 2,000 (debit)
Cash Rs. 2,000 (credit)
Owner withdraws cash from business for personal use
April 22
Accounts Payable : Khalid Retail Store Rs. 500 (debit)
Cash Rs. 500 (credit)
Payment made to supplier Khalid Retail Store
April 26
Cash Rs. 10,000 (debit)
Accounts Receivables : Khan Brothers Rs. 10,000 (credit)
Receipts from customer Khan Brothers
April 30
Salaries Expense Rs. 2,000 (debit)
Cash Rs. 2,000 (credit)
Salaries paid
Explanation:
See the journals and their narrations prepared above for Anees` business.
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
The independent auditor's report does which of the following?
a. Describes which financial statements are covered by the audit b. Summarizes what the auditor did c. Gives the auditor's opinion regarding the fairness of the financial statements d. States that the financial statements were presented on time
The independent auditor's report describes the scope of the audit, summarizes the audit procedures, and provides the auditor's opinion regarding the fairness of the financial statements. (Option A, B, C and D).
What does Independent Auditors Report do?The independent auditor's report usually includes all of the following:
a. Describes that financial statement are covered by the audit: The report designates the financial statements that were liable to be subjected the audit. This is usually noticed in the introductory passage of the report.
b. Summarizes what the auditor acted: The report provides an survey of the auditor's accountabilities and the procedures acted during the audit. It interprets the nature and in consideration of the audit work conducted.
c. Gives the auditor's belief regarding the justice of the financial assertions: The main purpose of the auditor's report search out express an opinion on either the financial assertions present a true and fair view of the association's financial position, results of movements, and cash flows in accordance with the appropriate financial reporting foundation. The auditor's belief is typically contained in the last section of the report.
d. States that the fiscal statements were bestowed on time: While the bookkeeper's report may mention the date of the commercial statements, it does not definitely state that the financial affidavits were presented on time. The focus of the report act expressing an belief on the fairness of the fiscal statements alternatively their timeliness.
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Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
3.
What is the importance of trade?
Your friend, Alicia, is a graduating senior about to head to college in the fall. Alicia has a single checking account and is eager to open a savings account. After reading this article, she is inspired to open up multiple savings accounts to work towards her goals. Do you think it’s a good idea for Alicia to do so? Why or why not?
Answer:
It is good
Explanation:
Alicia would have an easier time splitting money and saving money towards different goals. Such as putting 40% of your paycheck into savings and splitting the 40% into 10% for each savings account.
How can we apply accounting and bookkeeping in our daily lives?
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
if the required reserve ratio is 10 percent and a bank receives a new deposit for $100,000, then the a. bank's liabilities increase by $100,000. b. bank's required reserves increase by $45,000. c. bank must keep $5,000 in excess reserves. d. bank can increase its loans by up to $400,000. e. bank must keep $10,000 in excess reserves
If the required reserve ratio is 10 %, a new deposit of $ 100, 000 into a bank would see the a. bank's liabilities increase by $100,000.
What happens when a bank receives a deposit ?When a bank receives a deposit, one thing the bank does is to keep some of this deposit as a required reserve, depending on the required reserve ratio, set by the Fed or the central banking system of the nation.
The bank would then record this deposit as a liability in its books because it owes the depositor, the $ 100, 000. The company would be able to loan out part of this money which would make the loan an asset.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
What will budgeted net income equal if 21,000 units are produced and sold? (do not round intermediate calculations.)
The budgeted net income for 21,000 units is $55,500 (option C).
To calculate the budgeted net income for 21,000 units, we need to determine the variable cost per unit and use it to calculate the contribution margin. We'll then subtract the fixed costs to find the net income.
Variable cost per unit = Total variable costs / Number of units
Variable cost per unit = (Manufacturing costs + Selling and administrative costs) / 20,000 units
Variable cost per unit = ($70,000 + $40,000) / 20,000 units
Variable cost per unit = $110,000 / 20,000 units
Variable cost per unit = $5.50 per unit
Contribution margin per unit = Sales per unit - Variable cost per unit
Contribution margin per unit = $200,000 / 20,000 units - $5.50 per unit
Contribution margin per unit = $10 - $5.50
Contribution margin per unit = $4.50 per unit
Contribution margin for 21,000 units = Contribution margin per unit * 21,000 units
Contribution margin for 21,000 units = $4.50 per unit * 21,000 units
Contribution margin for 21,000 units = $94,500
Net income = Contribution margin - Fixed costs
Net income = $94,500 - ($22,000 + $17,000)
Net income = $94,500 - $39,000
Net income = $55,500
Therefore, the budgeted net income for 21,000 units is $55,500 (option C).
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Complete Question:
Units 20,000 Units
Sales $200, 000
Less variable costs:
Manufacturing costs: $70,000
Selling and administrative costs: $40,000
Contribution margin: $90,000
Less fixed costs:
Manufacturing costs: $22,000
Selling and administrative costs: $17,000
Net income: $51,000
What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)
A. $94,500
B. $53,550
C. $55 500
D. $210,000
mountain view, inc. has 50,000 shares of 8%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at december 31, 2017. there were no dividends declared in 2016. the board of directors declares and pays a $500,000 dividend in 2017. what is the amount of dividends received by the common stockholders in 2017? group of answer choices $0 $400,000 $500,000 $100,000
The common investors got $400,000 in dividend payments in 2017.
What is the amount of dividends received by the common stockholders in 2017?
As of December 31, 2017, Mountain View, Inc. has 50,000 shares of 8% noncumulative preferred stock with a par value of $100 and 100,000 shares of common stock with a par value of $1 outstanding. The $100 par value of the 8% preferred stock entitles each share to an annual dividend payment of $8. Therefore, 50,000 shares times $8 is $400,000 in total dividends for the preferred stock.
In 2017, the board of directors declares and distributes a dividend of $500,000.The number of dividends received by common shareholders must be calculated by deducting the $400,000 in dividends paid to preferred stockholders from the $500,000 in dividends declared since the preferred stock has a priority claim to dividends. Therefore, the amount of dividends received by the common stockholders is $500,000 - $400,000 = $100,000.
Therefore, $100,000 is the right response.
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waterway industries produces a product requiring 3 direct labor hours at $11 per hour. during january, 2000 products are produced using 6300 direct labor hours. waterway's actual payroll for direct labor during january was $67080. what is the labor quantity variance for the month? o $2220 f o $3300 f o $1080 u o $3300 u
The labor quantity variance for the month is $3300 U.
To calculate the labor quantity variance, we need to compare the actual labor hours used with the standard labor hours allowed for the production of 2,000 products.
Standard labor hours allowed = 3 direct labor hours per product x 2,000 products = 6,000 hours
Labor quantity variance = Actual labour hours - Standard labor hours allowed
Actual labour hours = 6,300 hours
Standard labour hours allowed = 6,000 hours
Labor quantity variance = 6,300 hours - 6,000 hours = 300 hours
Since the actual labor hours are higher than the standard labor hours allowed, the labor quantity variance is unfavorable (U). Therefore, the correct answer is $3300 U
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Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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Explain the role of public relations in developing and maintaining a corporate image.
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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There are no viruses that specifically target mobile phones or tablets?
Answer:
no not really in my opinion
Answer:
Yes, there ARE viruses that target mobile and tablet devices.
Explanation:
There's a virus that spams apps on your phone, crashing it.
This is basically a virus, since it harms the device.
use the average rates of money and real gdp growth for the us from 2016 to 2020 to compute the average rate of inflation implied by the quantity theory of money. by how much does the quantity theory of money over-predict the actual rate of inflation?
The quantity theory of money over-predicts the actual rate of inflation by: 2.3% + V
To compute the average rate of inflation implied by the quantity theory of money, we can use the equation MV = PY, where M is the money supply, V is the velocity of money, P is the price level, and Y is real output. Assuming that V and Y are constant over the period of 2016 to 2020, we can use the average growth rates of M and Y to calculate the average rate of inflation. According to the Federal Reserve Economic Data (FRED), the average annual growth rate of M2 from 2016 to 2020 was 6.3%, and the average annual growth rate of real GDP was 2.2%. Therefore, the average rate of inflation implied by the quantity theory of money is:
(6.3% + V) - 2.2% = 4.1% + V
To determine how much the quantity theory of money over-predicts the actual rate of inflation, we can compare this result to the actual rate of inflation over the same period. According to the Bureau of Labor Statistics (BLS), the average annual rate of inflation from 2016 to 2020, as measured by the Consumer Price Index (CPI), was 1.8%. Therefore, the quantity theory of money over-predicts the actual rate of inflation by:
4.1% + V - 1.8% = 2.3% + V
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $480,000, 36%, and $9,600, respectively. The North Division’s contribution margin and contribution margin ratio are $92,000 and 40%, respectively. The South Division’s segment margin is $32,500. The company has $62,400 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3
Answer:
Shannon Company
Segmented Income Statement
Total Company North South
Division Division
Total sales 480,000 100% 230,000 47.9% 250,000 52.1%
Variable costs 307,200 100% 138,000 44.9% 169,200 55.1%
Contribution margin 172,800 100% 92,000 53.2% 80,800 46.8%
Traceable fixed 100,800 100% 52,500 52.1% 48,300 47.9%
Segment income 72,000 100% 39,500 54.9% 32,500 45.1%
Common fixed 62,400 100%
Net income 9,600 100%
North's total sales = $92,000 / 40% = $230,000
South's total sales = $480,000 - $230,000 = $250,000
South's contribution margin = $172,800 - $92,000 = $80,800
Total segment income = common fixed + net income = $62,400 + $9,600 = $72,000
4. What type of documents should you file from work?
emails from colleagues
Work Party Announcements
Benefits Package Information
401K Statements
Answer:
benefits package information