Answer:
The answer is: Projected net sales for this year are $45,254
Explanation:
The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).
Next year their products will have a $10 increase (10%), so the unit price will be $110.
Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.
MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).
MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)
Answer:
$46,500
Explanation:
Accounting equation is stated as :
Assets = Equity + Liabilities
therefore,
Equity = Assets - Liabilities
Equity at Beginning of the Period :
Equity = Assets - Liabilities
= $78,000 - $42,000
= $36,000
Equity at end of the Period
Closing Equity Balance = Opening Balance + Net Income - Dividends
= $36,000 + $15,500 - $5,000
= $46,500
Answer:
The correct option is c. Purchases assets at a cost of $25,000,000.
Explanation:
An emergency loan can be described as a loan that can obtained on short notice by a borrower in to cover unexpected costs.
From the options, purchasing assets at a cost of $25,000,000 will leave Chester in a serious liquidity position as the it will take 94.92% [i.e. ($25,000,000 / $26,337,000) * 100] of its current cash balance and leave the company with just $1,337 current cash balance.
Because the next period's Cash Flows From Operations are expected to be the same as this period's, purchasing assets at a cost of $25,000,000 puts Chester at the greatest danger of needing an emergency loan.
Therefore, the correct option is c. Purchases assets at a cost of $25,000,000.
Answer:
55.58
Explanation:
Data provided in the question;
Initial demand per month, Q₁ = 3
Final demand per month, Q₂ = 5
Initial price, P₁ = $33,200
Final price, P₂ = $33,500
Now,
elasticity of demand using midpoint method is calculated as :
= 
or
= 
on substituting the respective values, we get
= 
or
= 
or
= 
= 55.58
The Adams Manufacturing has allocated its total overhead costs by a sum of $17,200, which is over-applied.
<h3>What are overhead costs?</h3>
The expenses or costs, which are incurred by a business, which are completely unrelated to the production or manufacturing of the firm's goods or services, are known as overhead costs. They are indirect costs.
The computation of the overhead costs will be as follows,
Hence, option E holds true regarding the overhead costs.
Learn more about overhead costs here:
brainly.com/question/14811739
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