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3 years ago

A financial analyst for Simon Manufacturing prepared the following report:

1 answer:

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Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income

Explanation:

The Cumulative total of the first 8 customers is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00

= $17,355.70

The Cumulative total of the Operating Income is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676

= $16,511.70

Dividing both figures gives,

= 17,355.70 / 16,511.70 * 100

= 1.0511051 * 100

= 105.1105.1%

Option A is therefore correct.

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Answer:

c. convergent thinking

Explanation:

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2 years ago

Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th

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Answer: $1750

Explanation:

Given Data

Earnings = $44/ hr

Overtime Earnings = 1.5 times Of $44

= $66

Hours worked during the week = 55 hrs

Social security tax rate = 6.0%

Medicare tax rate = 1.5%

Federal income tax = $633

Therefore:

Gross pay = Normal pay + overtime pay

Normal pay

= $44 * 40 hrs

= $1760

Overtime pay

= $66 * 15 hrs

= $990

Gross pay = $1760 + $990

= $1750

Social security tax

= 0.06 * $2750

= $165

Medicare tax

= 0.015 * $2750

= $41.25

Total tax

= $633 + $41.25 + $165

= $839.25

Net pay

= $2750 - $839.25

= $1910.75

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3 years ago

Money used to finance business activities is known as

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In the cash flow statement financing activities refer to the flow of cash between a business and its owners and creditors.

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3 years ago

Newdex has net income of $3,000,000 (INCLUDING the effect of expected out-of-pocket costs) and 1,000,000 shares outstanding. It

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Answer:

$416,667

Explanation:

Current EPS = $3,000,000 / 1,000,000

Current EPS = $3

Net Proceeds per share = $40 * 90%

Net Proceeds per share = $36

New Number of Shares = $5,000,000 / $36

New Number of Shares = 138888.88

Total Number of Shares Outstanding after the new issue = 1138888.88 shares

Diluted EPS = $3,000,000 / 1138888.88

Diluted EPS = $2.634

Amount of Dilution in EPS = $3 - $2.634

Amount of Dilution in EPS = $0.3658

Net Income must increase by 1138888.88 * $0.3658 = $416,667. So, Newdex's after-tax income must increase to $416,667 to prevent dilution of earnings per share.

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2 years ago

During 2020 the Pharoah Company had a net income of $85100. In addition, selected accounts showed the following changes: Account

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Answer:

Cash provided by operating activities $84,700

Explanation:

The computation of the amount of cash provided by operating activities is shown below:

Net income $85,100

Add: depreciation expense $1,400

Less: increase in account receivable -$2,700

Add: Increase in account payable $900

Cash provided by operating activities $84,700

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3 years ago

A financial analyst for Simon Manufacturing prepared the following​ report:

A financial analyst for Simon Manufacturing prepared the following report: