Answers
Answer:
$500,000
Explanation:
Related Questions
Bob lives in San Diego and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this boat business, he can work as a financial advisor, receive an annual salary of $50,000 with no additional monetary costs, and rent out his showroom at the $15,000 per year rate. No other costs are incurred in running this boat business.Identify each of Charles's costs in the following table as either an implicit cost or an explicit cost of selling guitars. a. The wages and utility bills that Charles pays b. The wholesale cost for the guitars that Charles pays the manufacturer c. The rental income Charles could receive if he chose to rent out his showroom d. The salary Charles could earn if he worked as a financial advisor
Communication is the transmission of information and meaning from one individual or group to another. The central objective of communication is to transmit meaning. The communication process is generally defined in five steps: the sender has an idea, the sender encodes the idea in a message, the message travels over a channel, the receiver decodes the message, and feedback travels to the sender. Complete the sentence with the most appropriate choice.The process of translating ideas into words that will convey meaning is referred to as _______.The ______ is the medium over which a message is transmitted.
Consider two products, X and Y, that have identical cost, retail price, and demand parameters and the same short selling season (the summer months from May through August). The newsvendor model is used to manage inventory for both products. Product X is to be discontinued at the end of the season this year and the leftover inventory will be salvaged at 75 percent of the cost. Product Y will be reoffered next summer, so any leftovers this year can be carried over to the next year while incurring a holding cost on each unit left over equal to 20 percent of the product's cost. The quantity of each product is selected to maximize expected profit. How do those quantities compare?
During March, Zea Inc. transferred $55,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $61,000. The journal entries to record these transactions would include a:
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Question Completion:
Sandersen Inc, sells minicomputers. During the past year, the company's sales were 3.00 million. The cost of its merchandise sold came to 2.00 million, and cash operating expenses were 400,000; depreciation expense was 100,000, and the firm paid 150,000 in interest on its bank loans. Also, the corporation paid 25,000 in the form of dividends to its own common stockholders.
Calculate the corporation tax liability.
The corporate tax rates are listed here:
15% $0-$50,000
25% $50,001-$75,000
34% $75,001-$10,000,000
35% over $10,000,000
Answer:
Sandersen Inc.
Computation of the Corporation's Tax Liability:
Taxable profit = $350,000
15% $0-$50,000 $7,500 ($50,000 * 15%)
25% $50,001-$75,000 6,250 ($25,000 * 25%)
34% $75,001-$10,000,000 93,500 ($275,000 * 34%)
35% over $10,000,000 0
Total Tax Liability = $107,250
Explanation:
Data and Calculations:
Sales Revenue $3,000,000
Cost of goods sold 2,000,000
Gross profit $1,000,000
Operating expenses 400,000
Depreciation expense 100,000
Operating profit $500,000
Interest expense 150,000
Profit before taxes $350,000
Income Taxes 107,250
Profit after taxes $242,750
Dividend 25,000
Retained Earnings $217,750
Answers
Answer:
FV= $6,308.12
Explanation:
Giving the following information:
Semiannual deposit= $1,000
Number of periods= 6
Interest rate= 4%= 0.04= 0.04/2= 0.02
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
FV= {1,000*[(1.02^6) - 1]} / 0.02
FV= $6,308.12
In a financial calculator:
Function: CMPD
Set: End
n= 6
i= 2
PV= 0
PMT= 1,000
FV= solve= 6,308.120963
b. False
Answers
Answer:
a) True
Explanation:
Cost leadership strategy strives to focus on reducing per unit cost of production and thus charging lower price of the product as compared to the competitors.
The strategy is followed when the product is identical and cannot be differentiated based on quality or brand name, consumers only focus on products which are priced cheapest.
The Cost Leadership Strategy is true, and it helps gain competitive advantage.
True. The Cost Leadership Strategy is indeed one strategy to gain a competitive advantage in business. This strategy focuses on producing goods or services at a lower cost compared to competitors while maintaining acceptable quality. It allows companies to offer lower prices to customers and attract a larger market share.
For example, Walmart is known for its cost leadership strategy as it offers everyday low prices to customers.
Learn more about Cost Leadership Strategy here:
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(b) a liability,
(c) revenue,
(d) an expense, or
(e) a dividend:
1. Amounts due from customers
2. Amounts owed to suppliers
3. Cash on hand
4. Cash paid to stockholders
5. Cash sales
6. Equipment
7. Note payable owed to the bank
8. Rent paid for the month
9. Sales commissions paid to salespersons
10. Wages paid to employees
Answers
Answer:
1. An asset.
2. A liability.
3. An asset.
4. A dividend.
5. Revenue.
6. An asset.
7. A liability.
8. An expense.
9. An expense.
10. An expense.
Explanation:
1. Amounts due from customers: an asset. It should be recorded on the balance sheet as account receivable.
2. Amounts owed to suppliers: a liability. It should be recorded on the balance sheet as account payable.
3. Cash on hand: an asset. It should be recorded on the balance sheet as account receivable.
4. Cash paid to stockholders: a dividend. It should be recorded on the statement of retained earnings.
5. Cash sales: revenue. It should be recorded on an income statement.
6. Equipment: an asset. It should be recorded on the balance sheet as account receivable.
7. Note payable owed to the bank: a liability. It should be recorded on the balance sheet as account payable.
8. Rent paid for the month: an expense. It should be recorded as an expense on the income statement.
9. Sales commissions paid to salespersons: an expense. It should be recorded as an expense on the income statement.
10. Wages paid to employees: an expense. It should be recorded as an expense on the income statement.
Answers
Answer:
The correct answer is: filtering.
Explanation:
Filtering is the process in which an employee hides some information to higher rank workers with the purpose of not affecting the employees who committed the fault. Filtering is the first step middle-range workers take to provide their subordinates enough confidence to correct themselves instead of punishing them. Corrective behaviors are expected from the workers at fault.
b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.)
c. Calculate raw material productivity figures (units/$ where $1
Answers
Answer:
Part A:
Labur Productivity:
For US=5.14, LDC=1.35
Capital Productivity:
For US=1.72 LDC=4.31
Part B:(Multi factor productivity)
For US=1.29 LDC=1.03
Part C: (Raw material productivity)
For US=4.90 LDC=10.02
Explanation:
Part A:
Labur Productivity:
For US:
For LDC:
Capital Productivity:
For US:
For LDC:
Part B:
For US:
For LDC:
Part C:
For US:
ForLDC:
Converting Raw material FC into $ (1$=10FC)
Raw Material =19550/10=$1955