Answer:
The company's profit will remain unchanged.
Explanation:
The new worker will increase costs by $75 per day while the total sales will increase by $75 per day (= 5 units x $15). The only way the company increases its profit is that they sell at least 6 more units per day.
Answer:
D. Debit to COGS for $93,000
Explanation:
The following two journal entries are to be recorded in the accounts on the sale of inventory.
Debit Credit
Revenue $111,000
Accounts receivable $111,000
Cost of Goods sold $93,000
Inventory $93,000
So based on the above discussion, the answer is D. Debit to COGS for $93,000
Answer:
The book value of the stock can be calculated by taking the difference of assets and liabilities and then dividing the answer by the number of shares. The result will be the book value of a unit stock. Whereas the market value of the share is different because the stock market valuates the stock which is dependent on its assets, return, riskiness of the industry, social responsibility, etc. So these factors helps companies like S & P global, Dow's plc, etc to value stocks and publish the credit ratings of companies in stock exchange.
Explanation:
The market value of Home Depot is $243 in the stock exchange but the equity book value of is at deficit which is -$1878 millions. Dividing it by number of shares we have -29 ($1878 millions / 6,3.8 million shares). The book value of the company is negative but still the company has a great number of profits for the year and the company is worth $300 billions.
The answer is letter b, MBA or also known as master of
business administration—this is the program that the student would likely taken
when they are interested in the career of business as this program is
responsible of teaching their students in the area of business.
Answer: $800,000
Explanation:
Day sales Outstanding = 40 days
Annual sales = $7,300,000
Total days for the year = 365 days
We need to know the average sales per day which will be:
= $7,300,000 / 365
= $20,000
DSO = Account receivable / Average sales per day
40 = Account receivable / 20,000
Account receivable = 40 × 20,000
= $800,000
Therefore, the account receivable balance is $800,000
