Acme Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $15,000 and total fixed costs by $9,000. By what amount will net income increase?
a. $6,000
b. $9,000
c. $3,000
d. $0

Answers

Answer 1

Answer: C

Explanation:


Related Questions

Mario a publicly held corporation with a 21 percent tax rate, has agreed to pay an annual salary of 1.3 million to its employees Mrs. ryman in making your calculations ignore the employer payroll tax

Answers

Answer:

ah

Explanation:

_____is a set of laws about the way a business should behave.
A)Business ethics
B)Company constitution
C)Ethics
D)The Better Business Bureau

Answers

The answer would be A- Business ethics

Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount is taken by 71 percent of customers. What is the company's accounts receivable balance?

a. $19,651.73
b. $17,865.21
c. $9,937.52
d. $8,632.13
e. $7,326.74

Answers

Answer: c. $9,937.52

Explanation:

The Accounts receivable balance can be calculated by;

= Outfits per years * Average Price * (Collection period/365)

Collection period;

71% take the discount which means that they pay in 15 days while the rest pay in 40.

= (71% * 15) + (29% * 40)

= 22.25 days

Accounts Receivable balance = 1,140 * 143 * (22.25/365)

= $9,937.52

At the end of 2021, Windsor Co. has accounts receivable of $749,900 and an allowance for doubtful accounts of $23,580. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,564.


(a)


Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

DR Allowance for Doubtful Debt                                  $4,564

      CR Accounts Receivable                                                          $4,564

Using the Allowance method means that an allowance has already been provided from which uncollectible accounts will be deducted from.

When an amount is uncollectible therefore, it will be debited to the Allowance account to reduce it. Accounts receivable will be credited to recognise that a receivable is now uncollectible.

If a company has $10,000 in Cash, $2,000 in Accounts Receivable, $100,000 in Building and Land, $30,000 in Accounts Payable, and $20,000 in Notes Payable, how much is the business worth or what is its equity?

Answers

Answer:

the business is worth 162000

Explanation:

I added all of the stuff up to create a number have a nice day please

If a company has $10,000 in Cash, $2,000 in Accounts Receivable. The business worth and its equity is equal to $62,000.

What is the term Equity about?

Stockholders' equity, also referred to as shareholders' equity, it is the remaining amount of assets available to shareholders after all liabilities have been paid.

Given Information:

Cash=$10,000Accounts receivable=$2,000Building and land=$100,000Accounts payable=$30,000Notes payable=$20,000

Solution:

Equity=Total assets- Total liabilities

Equity=$10,000+$2,000+$100,000-$30,000-$20,000

Equity=$62,000

Hence, the equity of a company is equal to $62,000.

Learn more about equity, refer to the link:

https://brainly.com/question/25847981

Which of the following accounts is debited, when overhead is applied to jobs?
a) Manufacturing Overhead
b) Work in Process
c) Inventory Indirect
d) Labor Finished
e) Goods Inventory

Answers

Answer: Work in process

Explanation:

It should be noted that the work in process inventory will be debited on a situation wherby the overhead is being applied to jobs

During production when the manufacturing overhead is being applied for production purposes, the manufacturing overhead is credited and the work in process is debited.

Therefore, the correct option is B.

A deposit of $1000 is made in a bank account that pays 24% interest per year compounded quarterly. Approximately how much money will be in the account after 10 years

Answers

Answer:

$10,285.72

Explanation:

In this scenario, we can use the compound interest formula to calculate the total after 10 years. The formula is the  A = P * [tex](1 + r/n)^{nt}[/tex]

where,

A = final value after interest

P = initial investment amount

r = annual interest rate in decimal form

n = number of time the interest is compounded based on t

t = total amount of time

In this case, the interest is compounded quarterly meaning 4 times a year, therefore we can plug all the values into the formula and solve for A

A = P * [tex](1 + r/n)^{nt}[/tex]

A = 1000 * [tex](1 + 0.24/4)^{4*10}[/tex]

A = 1000 * [tex](1.06)^{40}[/tex]

A = 1000 * 10.2857

A = 10,285.72

Therefore after 10 years the account will have a total of $10,285.72

Ms. Smith employs 50 salespeople to sell copiers. If she wants information on the typical number of copiers sold by a salesperson, which Data Analysis tool should she use

Answers

Answer:

Descriptive statistics

Explanation:

If Ms smith wants information on the typical number of copiers sold by a salesperson she has to use descriptive statistics.

Descriptive statistics is used to describe data. It gives basic summary of the sample and also measures. It entails the usage and analysis of the collected data. Therefore descriptive statistics is the data analysis tool that she would need.

Who owns the factors of production in a planned economy?
A.
Individuals
B.
Nobody
C.
The church
D.
The government

Answers

Answer:

A. Individuals

Answer:

D.

Explanation:

Under a command economy, governments own the factors of production. This is also sometimes referred to as a planned economy. (I like to call it a command economy, but it's the same thing.)

Under the Real Estate Law of California, an agent is required to give a copy of the listing agreement to his principal at:__________.
a. the close of escrow.
b. the beginning of escrow.
c. once the buyer has signed it.
d. at the time of signing.

Answers

Answer:

d. at the time of signing.

Explanation:

Under Section 10142 of real estate law agent has to submit a copy of the listing agreement to the principal.

Section 10142 of the real estate law of California is attached with this is attached please find it.

The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceive as being varied in ways that are important to them.

Answers

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

Headers and footers are handling instructions. True False

Answers

Answer:

False

Explanation:

Answer:

its true

Explanation:

edg got it correct

Irfan runs a small business. His business’s total liabilities amount to $200,000. His net profit for the latest accounting period is $50,000. The total value of all the business assets comes to $600,000. What is the debt to asset ratio in the case of Irfan’s business? The debt to assets ratio of Irfan’s business, to two decimal places, is percent.

Answers

Small businesses are either services or retail operations like grocery stores, medical stores, tradespeople, bakeries, and small manufacturing units.

What is the meaning of Small businesses?

Small companies typically offer services or are retail establishments like grocery stores, pharmacies, tradesmen, bakeries, and micro-manufacturing facilities. Small businesses are privately held companies that need less equipment, labor, and cash than larger companies.

The most straightforward type of business is a sole proprietorship. Small businesses are distinct legal entities such as corporations, partnerships, and sole proprietorships that have fewer employees and/or lower yearly income than a regular-sized company. Businesses are considered "small" if they are eligible for government assistance and favorable tax treatment.

Learn more about the Small Business here:

https://brainly.com/question/13424073

#SPJ1

What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?

Answers

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

According to the basic quantity equation of money, if price and output fall while velocity increases, then:

Answers

Answer:

The quantity of money will fall

Explanation:

basic quantity equation of money's theory stressed that the general price of goods/services is attributed to the flow of money in circulation, I.e they have a linear relationship.The equation below gives the relationship between the quantity of money as well as price level. MV = PT

Where M = quantity of money

V =velocity of circulation

P = price level

According to the basic quantity equation of money, It should be noted that if price and output fall while velocity increases, then The quantity of money will fall.

A stock had returns of 18.58%, -5.58%, and 20.81% for the past three years. What is the variance of returns?

Answers

Answer:

Variance = 0.02141851

Explanation:

We first calculate the mean for the stocks

Mean = (0.1858 - 0.0558 + 0.2081) / 3

Mean = 0.3381 / 3

Mean = 0.1127

Variance = [(0.1858 - 0.1127)^2 + (- 0.0558 - 0.1127)^2 + (0.2081 - 0.1127)^2] / 3 -1

Variance = [0.0731^2 + (-0.1685^2) + 0.0954^2] / 2

Variance = 0.00534361 + 0.02839225 + 0.00910116 / 2

Variance = 0.04283702 / 2

Variance = 0.02141851

The variance of returns is 0.02141851

Southeast Airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5 million this year. It also paid dividends of $0.2 million this year. If the sales is projected to increase by 20% next year, what is the projected retained earnings for next year?

Answers

Answer:

$1.86 million

Explanation:

Given the above data, we can calculate the retained earning for next year to be;

Retained earning this year end = $1.5 million retained earning at the beginning + $0.5 million net income - $0.2 million dividends

= $1.8 million

Professional Properties is considering remodeling the office building it leases to Heartland Insurance. The remodeling costs are estimated at $3.4 million. If the building is remodeled, Heartland Insurance has agreed to pay an additional $820,000 a year in rent for the next 5 years. The discount rate is 15 percent. What is the benefit of the remodeling project to Professional Properties? A) -$651,233 B) -$489,072 C) $5,214 D) $128,399 E) $311,417

Answers

Answer:

A) -$651,233

Explanation:

The computation of the benefit generated of the remodelling project is shown below:

If we considered the discounted rate i.e. 15% for 5 years of $820,000 so its present value would be $2,748,767 ($820,000 × 3.3521)

And, the predicted cost is $3,400,000

So here the cost is there instead of the benefit of

= $2,748,767 - $3,400,000

= -$651,233

Hence, the correct option is A

The manager of Lawn and Garden Services would like to estimate the proportion of her employees' time spent performing various gardening and lawn care activities. She has made 400 random observations of a typical worker, with the following results:
Activity Time Observed
Mowing 200
Trimming 80
Raking 40
Miscellaneous 80
What is the probability that the true proportion of time spent mowing is exactly equal to the sample proportion?
a) 1
b) 0
c) .5
d) .2
e) 1

Answers

Answer:

b) 0

Explanation:

In this case, the manager observed that a worker spent 50% of his/her time mowing the garden, but in case this is correct, it would only apply to this worker. She would need to collect data and analyze it from a much larger sample which includes other workers in order to determine if this proportion applies to whole group. You cannot infer a conclusion based on a limited amount of data collected from just one subject. The methodology is incorrect.

Johnson corporation began the year with inventory of 14,000 units of its only product. units cost $8 each. The company uses a Perpetual inventory system and the fifo cost method. The following transactions occurred during the year: a. purchase 70,000 additional units at a cost of $10 per unit. Terms of the purchases were 2 /10 n/ 30, and 100% of the purchases were paid within the 10-day discount. The company uses the gross method to record purchase discounts. The merchandise was purchased f. O. B. Shipping point and Freight charges of $0.40 per unit were paid by Johnson. b. 1400 units purchased during the year will return to suppliers for credit. Johnson was also given credit for the freight charges of $0.40 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received. c. sales for the year totaled 65,000 units at $18 per unit. d. on December 28th Johnson purchased 5400 additional units at $10 each. The goods were shipped f. O. B. Destination and arrived at Johnson's Warehouse on January 4th of the following year e. 17600 units were on hand at the end of the year. required: 1. for financial reporting purposes, the company uses lifo (amounts based on the Periodic inventory system). Record the year-end adjusting entry for the lifo reserve, assuming the balance in the lifo Reserve at the beginning of the year it's $15,800 2. determine the amount the company would report as income before taxes for the year under lifo. Operating expenses other than those indicated in the above transactions amounted to $158,000​

Answers

What do you want me to do here? I don’t know this sorry!

Dominic is an architect and wants to represent a pocket door in the plan. Which symbol should he use?

Answers

Answer:

The answer is C.

The following information is available for Silver Company for the three months ended March 31, 2019:

Merchandise inventory, January 1,
2013 $900,000
Purchases 34,00,000
Freight-in 2,00,000
Sales 48,00,000

The gross margin recorded was 25% of sales. What should be the merchandise inventory at March 31, 2019?

a. $700,000
b. $1,125,000
c. $900,000
d. $1,200,000

Answers

Answer:

c. $900,000

Explanation:

The ending inventory is calculated as;

Beginning inventory

$900,000

Add: Purchases

$3,400,000

Add: Freight in

$200,000

Total purchase Balance

$3,600,000

Cost of goods available

$4,500,000

Less: Cost of (goods estimated)

($3,600,000)

Ending inventory

$900,000

Therefore, the merchandise inventory at March 31, 2019 is $900,000

Sheridan Company receives a $14000, 3-month, 8% promissory note from Carla Vista Company in settlement of an open accounts receivable. What entry will Sheridan Company make upon receiving the note?

Answers

Answer and Explanation:

The journal entry to record while receiving the note is shown below:

Notes receivable  Dr. $14,000

          To Accounts receivable $14,000

(Being receiving of the note is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

The same is to be considered

A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to trade with other countries outside the group is called a

Answers

Answer:

preferential trade agreement

Explanation:

This agreement is known as a preferential trade agreement. It is called this because it tends to make it easier for specific goods to be traded but only to the countries that are part of the group and/or agreement. This agreement also makes it harder for countries that are not part of the agreement to be able to trade with the countries that are in order to maintain the countries within the agreement trading with each other.

Jerry works as an accountant in a manufacturing firm. His firm has sold goods to customers on credit, while the full payment for the goods is expected after a month. In which category should Jerry mention the price of these goods? A. accounts payable B. accounts receivable C. cost of goods sold D. depreciation E. operating expenses

Answers

Answer:

If we are talking about the price Jerry and his firm purchased goods for I would say "Cost of goods sold", if we are talking about the revenue that will be collected from customers in the future I would say "accounts recceivable"

Explanation:

Answer:

the answer is b. accounts receivable

Explanation:

a word-for-word copy from edmentum:

"Accounts receivable: Let’s say that a business sells goods to a customer on credit. The customer plans to make the payment a few months later. A business recognizes this amount as a current asset called accounts receivable until it receives the payment."

On its first day of trading, Twitter closed at $41.57 per share. Two years later and the price was $26.85, what was the annual return on the stock if returns are compounded daily?
A. 21.86%.
B. -21.85%.
C. -5.99%.
D. -19.63%.

Answers

Answer:

B. -21.85%.

Explanation:

Calculation for the annual return on the stock

First step is to calculate the Number of periods

Number of periods = 2 * 365 days in a year

Number of periods= 730

Second Step is to calculate the Daily return using this formula

Daily return = (Future value / initial value)^1/n - 1

Let plug in the formula

Daily return = (26.85 / 41.57)^1/730 - 1

Daily return = (0.645898)^1/730 - 1

Daily return = 0.999401 - 1

Daily return = -0.00059861*100

Daily return = -0.059861%

Last step is to calculate annual return

Using this formula

Annual return=Daily return/ Numbers of days in a year

Annual return = -0.059861% * 365

Annual return = -21.85%

Therefore the annual return on the stock if returns are compounded daily will be 21.85%

June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 100 units that cost $20 per unit. During the current month, the company purchased 580 units at $20 each. Sales during the month totaled 450 units for $43 each. What is the number of units in the ending inventory?

Answers

Answer:

Ending inventory in units= 230

Explanation:

Giving the following information:

Beginning inventory= 100 units

Purchases= 580 units

Sales during the month totaled 450 units

To calculate the ending inventory in units, we need to use the following formula:

Ending inventory in units= total units - units sold

Ending inventory in units= 680 - 450

Ending inventory in units= 230

A manager wishes to build a 3-sigma range chart for a process. The sample size is five, the mean of sample means is 16.01, and the average range is 5.3. What are the UCL and LCL, respectively, for this range chart?

a. 33.9 and 11.2
b. 6.3 and 0
c. 11.2 and 0
d. 33.9 and 0

Answers

Answer:

c. 11.2 and 0

Explanation:

The computation of the upper control limit and the lower control limit is shown below:

Average Range = R  = 5.3

Now

The Upper control Limit is

= D4 × R

= 2.115 × 5.3

= 11.2095

And,  

The Lower control limit is

= D3 × R

= 0 × 5.3

= 0

Hence, the correct answer is Option C i.e. 11.2 and 0

Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.6 percent, what is the current dollar price assuming a par value of $1,000

Answers

Answer:

Bond price= $1,210.4

Explanation:

Giving the following information:

Coupon rate= 0.079/2= 0.0395

YTM= 0.056/2= 0.028

Face value= $1,000

n= 13*2= 26

To calculate the price of the bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond price= 39.5*{[1 - (1.028^-26)]/0.028} + [1,000 / 1.028^26]

Bond price= 722.67 + 487.73

Bond price= $1,210.4

What is the present calue of 1000 received 10 years in the future if interst rates are 10% compounded quarterly?

Answers

Answer:

The present value is $57.31.

Explanation:

Future value, FV = $ 1000, n = 10 years, rate = 10% and m = 3.

FV = PV[tex](1 + r)^{mn}[/tex]

where FV is the future value, PV is the present value, r is the rate, m is the number of periods, n is the number of ears.

⇒ 1000 = PV[tex](1 + 0.1)^{10*3}[/tex]

             = PV[tex](1.1)^{30}[/tex]

1000 = PV x 17.4494

PV = [tex]\frac{1000}{17.4494}[/tex]

     = 57.31

The present value is $57.31.

Other Questions
Plssss help what is the value of c Someone answer all of these questions for me please Read the excerpt from The Land, Part 4.But I also figured Mitchell needed somebody to speak up for him, the same way Mitchell must have figured I needed somebody to speak up for me on the day we buried my mama. As I'd told my daddy, Mitchell was good with horses. He couldn't sit a horse well, but he could care for them well, and he was reliable.Based on this passage, how does Paul feel about Mitchell?A. Paul is worried about Mitchell.B. Is angry at Mitchell.C. Paul is envious of Mitchell.D. Paul is protective of Mitchell. 2l+2w for l = 5.2 and w = 6.7 2m - 3 = 13what is the answer? Multiply : 1 2/5 x 1/4 doing my sister's homework plz help Roll a number cube. If the number cube comes up odd, you win the same number of points as thenumber on the cube. If the number comes up even, you lose 4 points.What is the expected number of points per roll?-0.25-0.50Oo oo0.250.5 Chose the best verb to precede the following quote: Smith blank that everyone should own a dog.A. suggestsB. arguesC. predictsD. complaints nWhich of the following has a crystalline appearance?baking sodasaltbaking powdercorn starch In regards to the close reading & annotation that you were supposed to do last night on Popular vs President, what was the Three-Fifths Compromise?A. Three-Fifths of presidential votes will count in an election.B. Three-Fifths of each political party is allowed to vote in an election.C. Three-Fifths was a system where African American slaves (who did not have the right to vote) were added to a states' total population for determining electoral votes. Choose the option that best describes Phillis Wheatley.A. published a book of poems on religious and moral themesB. published a successful almanacC. published the story of his struggles, and delivered a speech that inspired abolitionistsD. organized armed resistance against slavery It takes 6 cubes to build a staircase with 3 steps. How many cubes will be needed for 11 steps?Pls show work SOMEONE HELP IM STRESSING OUT A camera is able to capture 3/4 of a picture per second. How long will it take a camera to snap 6 pictures What is the symbolic meaning of "red" in the name Red Chief? Who studies dinosaurs? Calvin Coolidge kept several unusual petsA-article B-adjective C-proper adjective D-adverb Anyone know what e-drop means? It has something to do with the way words end ????????????????????????????? can someone do this thanks