If TOMS advertised its shoes differently

Answers

Answer 1

Answer:

it might have more sales <3

Explanation:


Related Questions

Which of the statements is the best description of a business cycle? the relationship between the returns on Treasury securities and the time to maturity the time it takes a firm to convert raw materials into a final good or service alternating periods of increasing and decreasing economic output a calendar year divided into four quarters, each containing three months

Answers

Answer:

alternating periods of increasing and decreasing economic output

Explanation:

The business cycle represent the boom and recession period. At the time of boom, the company earned huge profits while at the time of recession period this situation would be reverse that leads to rise and reduction in the economic output

Therefore according to the options given, the last second option is correct as it denotes the business cycle

[The following information applies to the questions displayed below.]
Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and drivers associated with these two manufacturing processes and the company’s production support activities follow.
Process Activity Overhead cost Driver Quantity
Department 1 Mixing $ 5,900 Machine hours 2,300
Cooking 12,500 Machine hours 2,300
Product testing 113,900 Batches 850
$ 132,300
Department 2 Machine calibration $ 320,000 Production runs 500
Labeling 19,000 Cases of output 150,000
Defects 8,000 Cases of output 150,000
$ 347,000
Support Recipe formulation $ 83,000 Focus groups 50
Heat, lights, and water 46,000 Machine hours 2,300
Materials handling 79,000 Container types 8
$ 208,000
Additional production information about its two product lines follows.
Extra Fine Family Style
Units produced 34,000 cases 116,000 cases
Batches 340 batches 510 batches
Machine hours 950 MH 1,350 MH
Focus groups 32 groups 18 groups
Container types 5 containers 3 containers
Production runs 250 runs 250 runs
Required:
1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa.
2. Using the plantwide overhead rate, determine the total cost per case for the two products if the direct materials and direct labor cost is $10 per case of Extra Fine and $9 per case of Family Style.
3.a. If the market price of Extra Fine Salsa is $19 per case and the market price of Family Style Salsa is $13 per case, determine the gross profit per case for each product.
3.b. What might management conclude about the Family Style Salsa product line?

Answers

Answer:

1.$4.58 per cases

2. Extra Fine $14.58

Family Style $13.58

3a. Extra Fine $4.42

Family Style $0.58

3b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may inturn make the company to stop the production of the product in a situation where the cost are not reduced

Explanation:

1. Computation for the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa using Plantwide overhead rate

Using this formula

Overhead cost=Total overhead cost/Total volume

Let plug in the formula

First step is to calculate the Total overhead cost

Total overhead cost = $132,300+ $347,000+$208,000

Total overhead cost =$687,300

Second step is to calculate the Total volume

Total volume= 34,000 +116,000

Total volume=150,000 cases

Now let calculate the Overhead cost

Overhead cost=$687,300/150,000 cases

Overhead cost=$4.58 per cases (rounded)

Therefore since we are making use of plantwide rate which means that same overhead cost of the amount of $4.58per cases will be assigned to each of the two case .

2. Calculation to determine the total cost per case for the two products

Extra Fine Family Style

Direct materials + Direct Labor $ 10.00 $ 9.00

Add Overhead $4.58 $4.58

Manufacturing cost per case $ 14.58 $ 13.58

Therefore the the total cost per case for the two products will be:

Extra Fine $14.58

Family Style $13.58

3-A Calculation to determine the gross profit per case for each product.

Extra Fine Family Style

Selling price per case $ 19.00 $ 13.00

Less Manufacturing cost per case $14.58 $13.58

Gross profit (loss) per case $ 4.42 $ (0.58 )

Therefore the gross profit per case for each product will be ;

Extra Fine $4.42

Family Style $0.58

3-b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit because they are not profitable which may inturn make the company to stop the production of the product In a situation where the cost are not reduced .

4) (Economies of Scale) Suppose a firm has chosen its quantity so that its marginal cost is equal to the market price, and is making positive profits because its revenues exceed its costs. Is this firm operating in a range where it production exhibits economies of scale or diseconomies of scale

Answers

Answer:

The firm is operating in a product range that exhibits diseconomies of scale. A further explanation is given below.

Explanation:

The company operates within a target area where there have been efficiency gains throughout production. Since the company makes benefits and opportunities, which means that the profitability outweighs the amount, the price could perhaps outweigh the estimated price at either the amount of development. As well as the valuation is equivalent to the cost, and marginal cost should therefore significantly increase the overall value.Researchers understand exactly this because when market forces are already in place, marginal cost is already below the estimated price, such that, marginal cost would be below the estimated price. After all, once government subsidies have been in place because when efficiency gains are in place, marginal cost should be above total value, which indicates that sometimes marginal cost exceeds average cost whenever economies of level have been in place.

A company is targeting its marketing by running an advertising campaign showing a Hmong family celebrating its traditions during the 4th of July holiday. The ad campaign features the company products being used by the children. What area of consumer decision influence is the marketing campaign using?

a. American culture, an ethnic subculture, and family

b. psychological aspects of belief and attitude

c. social class and word-of-mouth influence

Answers

Answer:

American culture, an ethnic subculture, and family

Explanation:

The 2020 accounting records of Skysong, Inc. reveal these transactions and events.

Payment of interest $10,800 Collection of accounts receivable $189,200
Cash sales 50,900 Payment of salaries and wages 56,900
Receipt of dividend revenue 19,000 Depreciation expense 16,100
Payment of income taxes 15,700 Proceeds from sale of vehicles 12,100
Net income 38,000 Purchase of equipment for cash 21,900
Payment of accounts payable Loss on sale of vehicles 3,100
For merchandise 115,600 Payment of dividends 14,700
Payment for land 73,700 Payment of operating expenses 27,600

Required:
Prepare the cash flows from operating activities section using the direct method.

Answers

Answer:

jggggyhhhyhhhhhhhhggggğytfgvb

Doug works as the Heavy Haul Manager for Lone Star Transportation. He is currently working on a wind farm project and deciding which drivers of his team will work on the project and which field supervisors will work on communicating with GE who is building the wind farm. He is also assigning drivers certain sections of the wind turbines to ensure that the parts are delivered in the correct order for the project. Which of the following management functions is Doug undertaking?
A. Scrutinizing.
B. Planning.
C. Organizing.
D. Envisioning.
E. Controlling.

Answers

Answer:

C

Explanation:

Steve has been given the charge of managing unskilled labor in the production units of his company. These workers are primarily motivated by financial incentives and other perks such as discount coupons and free movie or lunch days. In this scenario, which of the following power bases should Steve primarily use to influence the workers to improve their productivity?

a. Referent power
b. Expert power
c. Reward power
d. Information power

Answers

Answer:

c. Reward power

Explanation:

Reward power is the power to influence employees or to impress employees by giving them some reward for doing certain things. The reward is clear and vague .                                                  so correct option is c. Reward power

Match the vocabulary word with the correct definition
system for gathering and organizing marketing
information used in decision-making
specific actions which advance the strategy and achieve
an end result
specific, measureable, short-term expectations
objectives
goals
broad, long-term expectations for future achievements
structured research which uses the scientific method and
standardized questions to make generalizations and
predictions, includes questionnaires, surveys and
experiments
statements describing the overall approach to how goals
and objectives will be achieved
:: marketing information system
:: quantitative research
:: strategies
:: tactics

Answers

Answer:

e 552gbrbrnrbthrjhhbbb vt to o

Suppose Manuel is the only seller in the market for bottled water and Hubert is the only buyer. The following lists show the value Hubert places on a bottle of water and the cost Manuel incurs to produce each bottle of water:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Demanded Quantity Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Use Raphae's supply schedule and Larry's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
A price of____brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is_____producer surplus is_____, and total surp is_____.
If Raphael produced and Larry consumed one less bottle of water, total surplus would_____.
if instead, Raphael produced and Larry consumed one additional bottle of water, total surplus would_____.

Answers

Answer:

Manuel and Hubert

A price of__$5__brings supply and demand into equilibrium.

At the equilibrium price, consumer surplus is__$2___producer surplus is__$2___, and total surplus is__$4___.

If Manuel produced and Hubert consumed one less bottle of water, total surplus would__$6___.

if instead, Manuel produced and Hubert consumed one additional bottle of water, total surplus would_$6____.

Explanation:

a) Data and Calculations:

Hubert's Value                                 Manuel's Costs

Value of first bottle:      $10             Cost of first bottle: $1

Value of second bottle: $7              Cost of second bottle: $3

Value of third bottle: $3                   Cost of third bottle: $7

Value of fourth bottle: $1                 Cost of fourth bottle: $10

The following table shows their respective supply and demand schedules:

Price               Quantity        Quantity

                   Demanded     Supplied

$1 or less            4                    0

$1 to $3              3                     1

$3 to $7             2                    2

$7 to $10            1                    3

More than $10   0                   4

Using Manuel's supply schedule and Hubert's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.

Price     Quantity      Quantity

         Demanded     Supplied

$2            3                 1

$5            2                2

$8            1                 3

At the equilibrium price:

Consumer Surplus = $7 - $5 = $2

Producer Surplus =   $5 - $3 = $2

Total surplus is $2 * 2 = $4

Oops! When you went in to make your deposit, the bank representative said the amount of required deposit reported in the advertisement was incorrect and should have read $22,500. This revision, which willreduce the interest rate earned on your deposited funds, will adjust your earned interest rate to

Answers

Answer: reduce; 2.67%

Explanation:

The original interest rate was:

= Annual Cashflow/ Present value

= 600 / 15,000

= 4%

The new interest rate is:

= 600 / 22,500

= 2.67%

We can see that the interest rate reduced from 4% to 2.67%.

This revision, which will reduce the interest rate earned on your deposited funds, will adjust your earned interest rate to 2.67%.

Smith Corporation has provided the following information: Cash sales totaled $135,000. Credit sales totaled $289,000. Cash collections from customers for services yet to be provided totaled $48,000. An $10,000 gain from the sale of property and equipment occurred. Interest income totaled $8,700. How much of these items were included in operating income

Answers

Answer:

$434,000

Explanation:

The total amount that should be included in the operating income as follows:

1. Cash sales $135,000

2. Credit sales $289,000

3. Gain from the sale of property and the equipment $10,000

Operating income $434,000

hence, the $434,000 should be included in the operating income

Sheila Williams, a medical secretary, earns $2,437 monthly for a 34-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts:

a. The regular semimonthly earnings
b. The overtime earnings
c. The total earnings

Answers

Answer:

a. The regular semimonthly earnings

regular semimonthly earnings = [34 hours + 34 hours + (10 hours - 2 hours)] x [$2,437 / (34 hours x 4)] = 76 hours x $17.92/hr = $1,361.85

b. The overtime earnings

overtime earnings = 2 hours x [$2,437 / (34 hours x 4)] x 1.5 = $53.76

c. The total earnings

total earnings = $1,361.85 (regular earnings) + $53.76 (overtime earnings) = $1,415.61

Do I look like Dababy be honest

Answers

Nah bro you had the wrong idea

Answer:

No

Explanation:

he does not have a head that looks like a dam football and just NOOOO

Kristin Company sells 300 units of its products for $20 each to Logan Inc. for cash. Kristin allows Logan to return any unused product within 30 days and receive a full refund. The cost of each product is $12. To determine the transaction price, Kristin decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Kristin estimates that (1) 10 products will be returned and (2) the returned products are expected to be resold at a profit. Indicate the amount of (a) net sales, (b) estimated liability for refunds, and (c) cost of goods sold that Kristen should report in its financial statements (assume that none of the products have been returned at the financial statement date).

Answers

Answer:

a. Net Sales = (300 units - 10 units return) * $20 each

Net Sales = 290 units * $20 each

Net Sales = $5,800

b. Liability for refunds = (10 units expected to be returned * $20 each)

Liability for refunds = $200

c. Cost of Goods Sold = (300 units - 10 return) * $12 per unit

Cost of Goods Sold = 290 units * $12 per unit

Cost of Goods Sold = $3,480

Explain two potential advantages to an airline of outsourcing inflight catering

Answers

Answer: See explanation

Explanation:

In-flight catering simply has to do with the delivery of food that have been already prepared and packaged for consumption while a particular airplane is in flight.

The two potential advantages to an airline of outsourcing inflight catering is that it helps in the reduction and of cost in the part of the airline. Outsourcing will help the airline cut costs.

Also, another reason is that the airline can focus on other aspects which are more important and work towards achieving organizational goals.

Here is the ledger for Blossom Company.

Cash
Oct. 1 8,660 Oct. 4 2,060
Oct. 10 2,640 Oct. 12 3,160
Oct. 10 9,660 Oct. 15 360
Oct. 20 810 Oct. 30 410
Oct. 25 3,660 Oct. 31 610

Accounts Receivable
Oct. 6 910 Oct. 20 810
Oct. 20 1,030

Supplies
Oct. 4 2,060 Oct. 31 1,840
Equipment
Oct. 3 4,660
Notes Payable
Oct. 10 9,660

Accounts Payable
Oct. 12 3,160 Oct. 3 4,660
Common Stock
Oct. 1 8,660
Oct. 25 3,660

Dividends
Oct. 30 410
Service Revenue
Oct. 6 910
Oct. 10 2,640
Oct. 20 1,030
Salaries and Wages Expense
Oct. 31 610
Supplies Expense
Oct. 31 1,840
Rent Expense
Oct. 15 360

Required:
Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20.
b.Prepare a trial balance at October 31.

Answers

Answer:

1/Oct : Cash (Dr.) $8,660

Accounts Receivable (Cr.) $8,660

10/Oct : Equipment & Supplies (Dr.) $9,660

Notes Payable (Cr.) $9,660

20/Oct : Accounts Receivable (Dr.) $2,640

Service Revenue (Cr.) $2,640

Explanation:

Debits $16,960

Cash 6,600

Accounts Receivable 1,840

Supplies 1,840

Equipment 4,660

Dividend 2,020

Credits : $16960

Accounts Payable 4,660

Notes Payable 9,660

Service Revenue 2,640

According to the circular-flow diagram GDP​

Answers

NANI- HUH GRAPH dfhfyhsjsjdhfjjd

Help please! Business questions

Answers

Answer:

1. National FFA.

2. DECA.

3. BPA

4. FEA (Educators Rising).

Explanation:

A career and technical student organization (CTSO) is an extracurricular group for students in CTE pathways to further their knowledge and skills by participating in activities, events, and competitions. The nine national CTSOs in the United States of America are;

National Future Farmers of America (National FFA). Distributive Education Clubs of America (DECA). Business Professionals of America (BPA). Health Occupations Students of America (HOSA) Family, Career, and Community Leaders of America (FCCLA). Future Business Leaders of America-Phi Beta LAMBDA (FBLA-PBLA). Technology Student Association (TSA). SkillsUSA. Future Educators of America (FEA).

1. Marilyn is a middle-school student who wants to prepare for a career in farming: Therefore, Marilyn should join the National Future Farmers of America (FFA) organization.

2. Janice is a high-school student who wants to start her own business: she should join the Distributive Education Clubs of America (DECA) because they prepare students for business management and administration.

3. Abe is a high-school student who wants to become an information technology worker: Thus, Abe should join the Business Professionals of America (BPA) because they train students on citizenship and leadership in career clusters such as information technology.

4. Rene wants to teach middle-school classes: Therefore, Rene should join the Future Educators of America (FEA) because they prepare students who are interested in teaching.

Answer:

1) National FFA!

2) DECA!

3) BPA!

4) FEA!

Explanation:

If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a. There would be no change in price and the consumer would not notice. b. The government would tax individuals who bought too many potato chips. c. Consumers would pay the full $2 tax in the form of a price increase. d. The price of potato chips would rise by some amount, but by less than $2.

Answers

Answer

d. the price of potato hips would rise by some amount

Explanation:

If the government places a $2 tax per bag of potato chips on the producers, then the price of potato chips would rise by some amount, but by less than $2. Option (d) is correct.

What do you mean by Tax?

In order to pay for general government services, goods, and activities, local, state, and federal governments must collect mandated payments or charges from citizens and corporations.

While taxes cause deadweight loss, the exact amount depends on a number of factors. The ability of a provider to deliver the desired goods to the customer and the amount that a consumer is ready to spend on a product are two of the most crucial factors. This is an illustration of the economic principle of supply and demand.

The supply curve shows an upward tendency when the price of potatoes rises by $2 tax because more potatoes are supplied. If a non-price element changes, the supply curve shifts to the right.

Therefore, Option (d) is correct.

Learn more about Tax, here;

https://brainly.com/question/27020116

#SPJ6

Urshela Company paid four months insurance on October 1, 2017 for $13,200. Urshela originally recorded the full insurance payment in the prepaid insurance account, Urshela operates on a calendar year basis. What adjusting journal entry would Urshela be required to make at 12/31 to properly recognize insurance expense for the year

Answers

999 trillion dollars in a year

Bruno's is analyzing two machines to determine which one it should purchase. The company requires a rate of return of 14.6 percent and uses straight-line depreciation to a zero book value over a machine's life. Ignore bonus depreciation and taxes. Machine A has a cost of $318,000, annual operating costs of $8,700, and a life of 3 years. Machine B costs $247,000, has annual operating costs of $9,300, and a life of 2 years. Whichever machine is purchased will be replaced at the end of its useful life. Which machine should Bruno's purchase and why

Answers

Answer:

Machine A; because it will save the company about $13,406 a year

Explanation:

The computation is shown below:

Equate Annual Cost = PV of Cash Outflow ÷  PVAF (r%, n)

For Machine A:

Year            CF          PVF  at 14.6%           Disc CF

0            $3,18,000.00    1.0000                 $3,18,000.00

1              $ 8,700.00   0.8726                 $7,591.62

2             $8,700.00   0.7614               $6,624.45

3 $      8,700.00           0.6644 $      5,780.50

PV of Cash Outflow                               $3,37,996.58

PVAF(14.6%,3)                                          2.2985

PV of Cash Outflow                            $1,47,053.69

For Machine B:

Year             CF                PVF at 14.6%                  Disc CF

0              $2,47,000.00       1.0000                    $2,47,000.00

1                $9,300.00       0.8726                        $8,115.18

2               $9,300.00       0.7614                        $7,081.31

PV of Cash Outflow                                          $2,62,196.49

PVAF(14.6%,2)              1.6340

PV of Cash Outflow     $1,60,459.86

So the machine cost would be purchased as it lower the cost by $13,406.17

From the list below, choose the items that are classified as a materials activity(You may select more than one answer.
1. Raw materials used
2. Raw materials beginning inventory
3. Raw materials purchases
4. Work in process beginning inventory
5. Goods manufactured
6. Direct labor used
7. Factor overhead used

Answers

Answer:

youuurrr mooomm

Explanation:

:D

Focus groups an example of what type of research

Answers

Answer:

i think focus groups would be case studies? i'm not sure though

Explanation:

Methodology :

Types of research.

Correlational research.

Descriptive research.

Ethnographic research.

Cross-sectional studies.

Longitudinal studies.

Case studies.

A limit buy order is an order to buy if the stock price goes ___ a specified level; a stop buy is an order to buy if the stock price goes ___ a specified level; a limit sell is an order to sell if the stock price goes ___ a specified level; a stop loss is an order to sell if the stock price goes ___ a specified level.

Answers

Answer:

YES

Explanation:

Career choice, getting/keeping a job, career changes, career advancement skills are examples of

A. employability skills

B. diversity

C. professional image

D. transferable skills

Answers

Answer:

b

Explanation:

Online recommendation engines typically are based on

Answers

Answer:

An online recommendation engine is a set of software algorithms that uses past user data and similar content data to make recommendations for a specific user profile. An online recommendation engine is a set of search engines that uses competitive filtering to determine what content multiple similar users might like.

Explanation:

You are the director of marketing. Your department has been doing well, but the company as a whole has been losing revenue steadily each quarter. In an effort to stay in business, the company is reducing the salaries of all employees by 15 percent. You need to inform your employees. Your employees are expecting that there will be a pay reduction and unanimously voted to reduce salaries rather than fire employees to balance the budget.
Which outline would be most appropriate in this situation?
I. Thank employees for being willing to make a sacrifice for the good of the company
II. Inform the employees they will receive a 15% pay cut
III. Restate the facts of the company's financial situation
IV. Explain
A. The reasons why the company needs to take drastic action
B. The benefits of the company's strategy
V. Close with a forward-looking statement.
I. State the facts of the company's financial situation
II. Explain
A. The reasons the company needs to take drastic action
B. The benefits of the company's strategy
III. Inform the employees they will receive a 15% pay cut
IV. Close with a forward-looking statement
I. State the facts of the company's financial situation
II. Provide alternatives the company considered
A. Unemployment
B. Bankruptcy
III. Inform the employees they will receive a 15% pay cut

Answers

Answer:

I. Thank employees for being willing to make a sacrifice for the good of the company.

II. State the facts of the company's financial situation.

III. Inform employees that they will receive a 15% pay cut.

IV. Close with forward looking statement.

Explanation:

The company's financial situation has led the managers to decide for a pay cut instead of lay off to improve the financial position of the company and stay in the budget. The company should appraise employees that they understand the company's situation and are willing to accept the pay cut. The director should inform employees about the current financial situation and provide details about the pay cut plan. The email should close with a forward looking statement and a statement that as soon as the situation of company gets better the employees will receive full salaries as always.

In each of the following cases, determine how supply or demand shifts and how the equilibrium changes.
Select the correct answer in each blank space (_______)
a. Smartphones: Microchips used in smartphones become less costly to produce. As a result, the __________________( *Supply of and demand for, *Supply of, or *Demand for) smartphones increase(s), causing the equilibrium price to (*Rise, *Fall, or *Rise, fall or remain unchanged) and the equilibrium quantity to (*Rise, fall or remain unchanged, *Rise, *Fall)
b. ALS medical research funds: The ALS ice bucket challenge goes viral, leading to greater awareness of the benefits of and need for ALS research. As a result, the _____________ ( *Supply of and demand for, *Supply of, or *Demand for) ALS research increase(s), causing the equilibrium price (or opportunity cost) of such research to __________ (*Rise, fall or remain unchanged, *Rise, *Fall) and the equilibrium quantity to __________ (*Rise, fall or remain unchanged, *Rise, *Fall)

Answers

Answer:

Supply of

fall

rise

b. demand for

rise

rise

Explanation:

A microchip is a complement in the production of smartphones

Complement goods are goods used together.

If the price of microchips reduces, the cost of making smartphones falls and as a result, the supply of smart phones increases. This would lead to a rightward shift of the supply curve. This leads to a decrease in equilibrium price and an increase in equilibrium quantity

Due to the awareness, the demand for ALS research would increase, this would lead to a rise in price and quantity demanded.

Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2021, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. The company must provide its insurance company with an estimate of the amount of inventory lost. The following information is available from the company's accounting records:

Fruit Toppings Marshmallow Toppings Chocolate Toppings

Inventory, January 1, 2013 $22,000 $7,200 $3,200
Net purchases through Nov. 17 160,000 38,000 12,200
Net sales through Nov. 17 210,000 57,000 20,200
Historical gross profit ratio 20% 30% 30%

Required:
Calculate the estimated cost of each of the toppings lost in the fire.

Answers

Answer:

Estimated cost of Fruit Toppings lost in the fire = $14,000

Estimated cost of Marshmallow Toppings lost in the fire = $5,300

Estimated cost of Chocolate Toppings lost in the fire = $1,260

Explanation:

                                                               Fruit          Marshmallow   Chocolate

                                                             Toppings       Toppings         Toppings

Inventory, January 1, 2013         [a]      22,000            7,200             3,200

Net purchases through Nov. 17 [b]      160,000         38,000           12,200

Net sales through Nov. 17          [c]      210,000          57,000          20,200

Historical gross profit ratio         [d]          20                   30                 30

Gross Profit [c*d%]                       [e]       42000            17,100           6,060

Cost of Good Sold [c-e]               [f]        168,000         39,900          14,140

Inventory, Nov 17, 2013 [a+b-f]    [g]       14,000            5,300            1,260

Statement of stockholders' equity Financial information related to All Seasons Company for the month ended June 30, 20Y7, is as follows:_______.
Common stock, June 1, 20Y7 $30,000
Stock issued in June 20,000
Net income for June 87,500
Dividends during June 15,000
Retained earnings, June 1, 20Y7 145,000
Prepare a statement of stockholders' equity for the month ended June 30, 20Y7. If an amount is zero, enter "0"

Answers

Answer:

Stockholders' equity  is $267,500.

Explanation:

Note: See the attached excel file for the statement of stockholders' equity.

The following are used to confirm the figures in the ayyached excel file:

Seasons Company

Statement of Stockholders' Equity

for the month ended June 30, 20Y7

Particular                                        Amount ($)      

Common stock (w.1)                          50,000    

Retained earnings (w.2)                   217,500  

Stockholders' equity                        267,500  

Workings:

w.1: Common stock June 30, 20Y7 = Common stock, June 1, 20Y7 + Stock issued in June = $30,000 + $20,000 = $50,000

w2: Retained earnings June 30, 20Y7 = Retained earnings, June 1, 20Y7 + Net income for June - Dividends during June = $145,000 + $87,500 - $15,000 = $217,500

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