Answers
Answer:
The maximum amount that could be paid for the antique pitcher is $13.93 as shown by the workings in the explanation section below.
Explanation:
Since the maximum price that could be charged for the antique pitcher is $17,the most that could be paid in purchasing it, is given by the below formula:
selling price * 100% / (100% + Markup%)
=$17*100%/(100%+22%)
=$13.93
From the foregoing analysis,the markup in dollar terms is $17-$13.93=$3.07 which represents 22% of the cost price of the antique pitcher.
Related Questions
Job 607 was recently completed. The following data have been recorded on its job cost sheet:Direct Materials $3,405 Direct Labor Hours 50 labor hoursDirect Labor wage rate $13 per labor hourMachine Hours 158 machine hoursThe company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 607 would be:
Define own-price elasticity of demand and explain how it is related to the demand curve. Provide four reasons why the demand for medical services is likely to be inelastic with respect to its price
A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to a uniform distribution, i.e., evenly spread out during the hour). If there are two employees who scoop the ice-cream for the customers, and one more who deals with the payments, then what is the Taktzeit for the ice-cream scoopers? a- 72 seconds b- 100 seconds c- 36 seconds d- 50 seconds
as students, what plan can you suggest to prevent the spread of these observable practices in your community
Answers
Answer:
Year 1
$ 32,000 Total Dividends
$ 32,000 Preferred Stockholers
Common Stockholers
$ 0,40 Dividends / Preferred Stock
0 Dividends / Common Stock
Year 2
$ 75,000 Total Dividends
$ 64,000 Preferred Stockholers
$ 11,000 Common Stockholers
$ 0,80 Dividends / Preferred Stock
$ 0,03 Dividends / Common Stock
Year 3
$ 80,000
$ 48,000 Preferred Stockholers
$ 32,000 Common Stockholers
$ 0,60 Dividends / Preferred Stock
$ 0,08 Dividends / Common Stock
Year 4
$ 110,000
$ 48,000 Preferred Stockholers
$ 62,000 Common Stockholers
$ 0,60 Dividends / Preferred Stock
$ 0,15 Dividends / Common Stock
Explanation:
Cash Dividends: The amount of cash that the company paid to its shareholders as a return of the investing made by the investors.
Common Stock: Ordinary shares that a company issued to the investors hoping to raise funds to the operation of the company.
As return, the investors receive a share of profit that are paid as dividends to each of them, if the company issued preferred share, then the shareholders of common stocks are not guaranteed and are paid after the
payment made to the preferred stock.
Preferred Stock: The stock gives to the investors a fixed amount of return, which is called, dividend, to its stockholder before paying dividends to common sotckholders.
Answers
Answer and step-by-step explanation:
Step 1: Calculation of net accounts receivable on December 31, 2017
Net accounts receivable
= Accounts Receivable - Allowance for Doubtful Debts
= $800,000 - $55,000
= $745,000
The company shall report its net accounts receivable on December 31, 2017 as $745,000.
Step 2: Journal entry to write off the accounts:
Debit Credit
2-Jan-2018 Allowance for doubtful debts $10,000
Accounts receivable $10,000
Writing off debts not collectible
Step 3: Calculation of net accounts receivable on January 3, 2018:
Net accounts receivable
= Accounts Receivable - Allowance for Doubtful Debts
= $790,000 - $45,000
= $745,000
The company shall report its net accounts receivable on January 3, 2018 as $745,000. The net accounts receivable has not changed from December 31, 2017 because the write-offs worth $10,000 were estimated and allowed for in 2017. Hence, the decrease in accounts receivable is offset by an equal decrease in the allowance for doubtful debts.
Final answer:
Extreme Fitness had a Net Accounts Receivable of $745,000 on December 31, 2017. Even after the write-off of certain accounts totalling $10,000 on January 2, 2018, the Net Accounts Receivable strikes the same balance on January 3, 2018, because the write-off affects both the Accounts Receivable and Allowance for Doubtful Accounts equally.
Explanation:
On December 31, 2017, Extreme Fitness had a balance of $800,000 in Accounts Receivable. This amount was offset by a balance of $55,000 in Allowance for Doubtful Accounts, resulting in a Net Accounts Receivable of $745,000 ($800,000 - $55,000).
The company learnt on January 2, 2018, about certain uncollectible accounts and authorized a write-off of $10,000. The journal entry for this would be Debit: Allowance for Doubtful Accounts $10,000 and Credit: Accounts Receivable $10,000. This reduces the Book Value of Accounts Receivable by the write-off amount but does not affect the Net Accounts Receivable.
Thus, post the write-off action on January 3, 2018, the total Accounts Receivable would reduce to $790,000 ($800,000 - $10,000), and the Allowance for Doubtful Accounts would reduce to $45,000 ($55,000 - $10,000). The Net Accounts Receivable, however, still stays at $745,000 ($790,000 - $45,000), just as it was on December 31, 2017.
Learn more about Accounts Receivable here:
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Answers
Explanation:
Analyzing the historical context, it is possible to see how the new communication technologies were essential for the development of commerce. We currently live in the digital age, where almost every individual has access to a cell phone with internet and can communicate within seconds with any part of the world.
This technological revolution also had a great economic impact, generating new business models.
Companies have to adapt to this reality and insert themselves in the new market based on the internet, in creating relationships with consumers, in the practice of positive social and environmental attitudes, etc. Some companies needed to reinvent themselves to adapt to the new economic context, or they would lose strength in the market and would cease to exist.
The fact is that the technological revolution has impacted commercial relations around the world, today the consumer seeks the solution to his problems and desires, not being restricted to local consumption, which causes a new redesign of commerce and manages impacts on the economy of the world.
Answers
Answer:
Explanation:
INCAPITALIST SYSTEM ,INDIVIDUALS ARE KEY BECAUSE THE GOVERMENT DOES NOT CONTROL ECONOMY .ALL ECONOMIC DECISIONS AND ACTIONS ARE CONTROLLED.......
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Answer:
Therefore the amount in the bank after 14 years is $15826.33 (approx).
Explanation:
Compound interest: The amount of the principal is not same all year.
The principal of first year = The initial amount principal
Second year principal = Principal+ interest of first year
Third year principal = The principal of second year + interest of second year.
and so on....
The amount
Here principal = $7000
r = rate of interest = 6% = 0.06
n = Time = 14 year
Amount =
=$ 15826.33 (approx)
Therefore the amount in the bank after 14 years is $15826.33 (approx)
Answer:
The amount which the bank will pay after 14 years amounts to $15,826.33
Explanation:
The amount which is to be paid after 14 years is known as Future Value (FV), which is computed as:
Using the Excel formula of FV as:
=FV(rate,nper,pmt,pv,type)
where
rate is 6%
nper is number of years which is 14 years
PMT is monthly payment which is $0
PV is Present value which is -$7,000
Putting the values above:
=FV(6%,14,0,-7000,0)
= $15,826.33
Therefore, the future value which is to be paid after 14 years amounts to $15,826.33
Answers
Answer:
In the short run, these workers are variable inputs, and the ovens arefixed inputs. TRUE
Explanation:
The statement is true. The worker are defined on a weekly basis at will by Yvette hence, short-term thus variable input.
In the other hand; the oven were leased for the entire year thus, unchangable in the short run. Yvette's decition about the number of oven in her kitchen is a long-term decition as currently are fixed.