1. Calculate the sales commission per unit sold. If required, round your answers to the nearest dollar. Use rounded answers in subsequent computations.

Answers

Answer 1
Answer:

Answer: $20

Explanation:

The sales commission is 6% and the selling price per unit is $340.

The Sales commission per unit saved therefore is;

= 340 * 6%

= $20.40

= $20


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Issued stock for $6 cash (example).b. Purchased equipment costing $6,320, paying $4,893 in cash and charging the rest on account.c. Paid $513 in principal and $91 in interest expense on long-term debt.d. Earned $88,988 in sales revenue; collected $87,949 in cash with the customers owing the rest on account.e. Incurred $10,766 in shipping expenses, all on credit. F. Paid $28,241 cash on accounts owed to suppliers. G. Incurred $4,332 in marketing expenses; paid cash. H. Collected $620 in cash from customers paying on account. I. Borrowed $6,359 in cash as long-term debt. J. Used inventory costing $62,752 when sold to customers. K. Paid $177 in income tax recorded as an expense in the prior year.
Astro Mile ​& Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $ 1,400,000 of BitterCo bonds at face value on January​ 2, 2018. The BitterCo bonds pay interest at the annual rate of 8​% on June 30 and December 31 and mature on December 1. Astro Mile intends to hold the investment until maturity. Required:a. Journalize any required 2016 entries for the bond investment. b. How much cash interest will Astro Mile receive each year from CoteCorp? c. How much interest revenue will Astro Mile report during 2016 on this bond investment?
Suppose the following statistics are available for the economy: CU = $60 billion RES = $100 billion DEP = $1000 billion (a) Calculate the size of the monetary base, the money supply, the reserve—deposit ratio, the currency—deposit ratio, and the money multiplier. (b) Suppose the currency—deposit ratio rises to .10, while the reserve—deposit ratio and monetary base remain unchanged. Calculate the money multiplier, the money supply, and the new values of CU, RES, and DEP.
Retirement planning should begin at what age?
ne year ago, a U.S. investor converted dollars to yen and purchased 100 shares of stock in a Japanese company at a price of 3,150 yen per share. The stock's total purchase cost was 315,000 yen. At the time of purchase, in the currency market 1 yen equaled $0.00952. Today, the stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 145 yen. The stock does not pay a dividend. If the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding the stock

CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:Sales $3,000,000Net operating income $150,000Average operating assets $750,000Consider each of the following requirements independently.Requirement 1:Compute the company's return on investment (ROI).Return on investment % ?Requirement 2:The entrepreneur who founded the company is convinced that sales will increase next year by 50% and that net operating income will increase by 200%, with no increase in average operating assets. What would be the company's ROI?Return on investment % ?Requirement 3:The chief financial officer of the company believes a more realistic scenario would be a $1,000,000 increase in sales, requiring an $250,000 increase in average operating assets, with a resulting $200,000 increase in net operating income. What would be the company's ROI in this scenario?Return on investment %?

Answers

Answer:

1) ROI= 20%

2) ROI=15%

3) ROI = 35%

Explanation:

ROI is the proportion of capital invested that is earned as net operating income. It calculated as

Return on Investment = Net income/Average operating asset

                                 = 150,000/750,000 × 100 = 20%

2.

ROI with a 50% increase in sales and 200% increase in average assets

ROI = (150%× 150,000)/(200%× 750,000)× 100= 15%

3.

ROI wth a 1,000,000 increase in sales

ROI = ( 150,000+200,000)/(250,000+ 750,000)× 100=35%

Answer

1) ROI= 20%

2) ROI=15%

3) ROI = 35%

Final answer:

The company's ROI for the different scenarios were calculated to be 20%, 60% and 35% respectively.

Explanation:

The Return on Investment (ROI) can be calculated by dividing the Net Operating Income by the Average Operating Assets and is typically expressed as a percentage. ROI = (Net Operating Income / Average Operating Assets) × 100

  1. For Requirement 1, with a Net Operating Income of $150,000 and Average Operating Assets of $750,000, the ROI is (150000/750000) × 100 = 20%.

  2. For Requirement 2, if sales and Net Operating Income increase by 50% and 200% respectively, with no increase in Average Operating Assets, the new Income becomes 150,000 * 3 (because of the 200% increase) = $450,000. Therefore, the new ROI becomes (450000/750000) × 100 = 60%.

  3. For Requirement 3, if sales increase by $1,000,000, requiring an increase in Average Operating Assets by $250,000, with a resulting $200,000 increase in Net Operating Income, the new Net Operating Income becomes $150,000 + $200,000 = $350,000 and the new Average Operating Assets becomes $750,000 + $250,000 = $1,000,000. Therefore, the new ROI becomes (350000/1000000) × 100 = 35%.

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Suppose you bought 200 shares of stock at an initial price of $52 per share. The stock paid a dividend of $0.44 per share during the following year, and the share price at the end of the year was $36. What is the percentage capital gains yield

Answers

Answer:

We can find the capital gains yield from the following formula:

Capital Gains Yield =  Increase or decrease in the share price divided by Original cost of the shares when purchased

By putting values

Capital Gains Yield = ($52 - $36)/$52 = -30.7%

Explanation:

We can see that there is a decrease in the share price and this is also evident form the capital gains yield formula.

Last month, Price Company purchased supplies on account, $5,000. Today, Price Company pays the amount that is owed.Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account?

Check all that apply.

An asset account increases. An asset account decreases.

A liability account increases. A liability account decreases.

Capital Stock increases. Capital Stock decreases.

Retained Earnings increase. Retained Earnings decrease.

Answers

Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

Explanation:

Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

This transaction will have no effects on Capital Stock Account and Retained Earnings Account.

A leadership model: a. is an explanation of some aspect of leadership. b. has practical value. c. is used when selecting the appropriate leadership style for a given situation. d. explains the variables and leadership styles to be used in a given contingency situation.

Answers

Answer:

The correct answer is letter "C": is used when selecting the appropriate leadership style for a given situation.

Explanation:

Leadership models represent the different methods individuals have and use at the moment of facing situations in which groups of people require guidance. There are several types of leadership models such as the contingency, descriptive, continuum, normative, path-goal, and prescriptive leadership models.  

Choosing between one and another depends on the situation the leader is under what method matches better with his or her personal skills.

What is the consequence of a firm in a competitive market selling a homogenous product?a. The firms capture some market power.
b. The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.
c. All the firms in the industry are the same size.
d. The product sold by one firm is a perfect complement for the products sold by other firms in the industry.
e. Firms in the industry can produce the same product with a different quantity of inputs.

Answers

Answer:

The correct answer is letter "B": The product sold by one firm is a perfect substitute for the products sold by other firms in the same industry.

Explanation:

Homogeneous products are those that cannot be differentiated one from another because they have similar features and satisfy the same need. They could even be sold at the same or nearly the same price. Under this scenario, these products are perfect substitutes from one another. Consumers will not be affected if one of the manufacturers decides to stop operations.

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will be uncollectible. On January 1, Allowance for Doubtful Accounts had a credit balance of $3,700. During the year, Abbott wrote off accounts receivable totaling $2,500 and made credit sales of $115,000. There were no sales returns during the year. After the adjusting entry, the December 31 balance in Bad Debt Expense will be

Answers

Answer:Bad debts expense = $3,450

Explanation:Bad debt expense is the expense of account receivable  that a business understands will not be paid due to the inability of a customer to pay its outstanding debt. Bad debt can be calculated using the direct write off method and the allowance method.

Here Abbot company uses the allowance method by taking into consideration  a reserve  which is an estimated  percentage of the sales known as an adjusted risk  for its customers who may not pay.

     

Credit sales revenue  115, 000    

Estimated Bad debt   3%    

Bad debts expense   3% x 115,000 = $3,450