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Ronch [10]
3 years ago
7

A company's sales in year 1 were $250,000 and in year 2 were $287,500. using year 1 as the base year, the percent change for yea

r 2 compared to the base year is:
Business
2 answers:
marshall27 [118]3 years ago
7 0
(287500-250000)÷250000 = 15%
nydimaria [60]3 years ago
3 0

Answer:

Percentage change = 15%

Explanation:

Change = $ 287500 – 250000 = $ 37,500

Percentage change = $ 37500 / $ 250000 = 0.15

Percentage change = 15%

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During its first year of operations, Mario Lupo formed Lupo Company as a corporation and personally invested $15,000 in the busi
prohojiy [21]

Answer:

c. $25,000

Explanation:

Calculation to determine At the end of the year, the company's equity totaled:

First step is to calculate the Net income using this formula

Net income= Revenues- Expense

Let plug in the formula

Net income= 35000-23000

Net income=12000

Second step is to calculate Net income added to capital using this formula

Net income added to capital = Net income-Cash dividend

Let plug in the formula

Net income added to capital=12000-2000

Net income added to capital=10000

Now let determine the Ending company total equity using this formula

Ending company total equity= Opening invested capital + Net income added to capital

Let plug in the formula

Ending company total equity=15000+10000

Ending company total equity=$25000

Therefore At the end of the year, the company's equity totaled:$25,000

4 0
3 years ago
RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the pr
hoa [83]

Answer:

RSTN Co.

The number of equivalent units of production for October are:

                                                        Materials              Conversion

Equivalent units of production       140,000                   157,000

Explanation:

a) Data and Calculations

                                                 Units         Materials              Conversion

Beginning work in process      30,000        100%                         30%

Units started and completed 120,000        100%                        100%

Ending work in process          20,000         100%                         80%

Equivalent units using FIFO method:

                                                 Units         Materials              Conversion

Beginning work in process      30,000        0 (0%)                 21,000 (70%)

Units started and completed 120,000 120,000 (100%)       120,000 (100%)

Ending work in process          20,000   20,000 (100%)         16,000 (80%)

Equivalent units of production             140,000                   157,000

7 0
3 years ago
The Kitchen Company makes toaster ovens and bread machines. Toaster ovens Sales price per unit: $60 Variable costs per unit: $38
Sever21 [200]

Answer:

The company should produce 7,500 bread machines to maximize profit

Explanation:

Given:

                                                                      Toaster Ovens Bread Machines

         Sales Price per unit                                     60                           135

Less: variable cost per unit                                   38                           75

Contribution Margin per unit                                22                           60

Machine hours per unit                                            1                           2

Now,

Contribution Margin per Machine Hour = \frac{\textup{Contribution Margin per unit}}{\textup{Machine hours per unit}}

thus,

Contribution Margin per Machine Hour        22                           30

Since,

The Contribution Margin per Machine Hour for the bread is more, therefore to maximize profits the kitchen company should produce Breads machines.

also,

Number of units to be produced = \frac{\textup{Machine hours}}{\textup{Machine hours required}}

= \frac{\textup{15,000}}{\textup{2}}

= 7,500 units

5 0
3 years ago
Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project man
brilliants [131]

Answer:

was assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarism

5 0
3 years ago
Which of the following statements is correct regarding variable costing and absorption costing income statements for a company t
Arturiano [62]

Answer:<em> Option (A) is correct.</em>

A basic difference between absorption and variable costing is that the absorption costing approaches fixed factory overhead as a product cost, while variable costing approaches the same as a period cost.

Where production of inventory outpaces sales, fixed factory overhead under absorption costing approach will remain on balance sheet as unsold inventory; therefore keeping the costs off of income statement until inventory is sold. Whereas; under variable costing, fixed factory overhead will be expended to the income statement in given period .

8 0
3 years ago
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