Answer:
Income Statement for Swing Hard Incorporated for the month ended February 28.
Sales $20,935
Less Expenses
Wages ($2,600)
Electricity ($1,420)
Net Income / (Loss) $16,915
Net profit margin = 80.8%
Explanation:
<em>Income Statement for Swing Hard Incorporated for the month ended February 28.</em>
Sales ($20,600 + $155 + $180) $20,935
Less Expenses
Wages ($2,600)
Electricity ($1,420)
Net Income / (Loss) $16,915
<em>Company's net profit margin</em>
Net profit margin = net profit / sales × 100
= $16,915 / $20,935 × 100
= 80.8%
Note
The Income Statement is always prepared on <em>accrual basis of accounting</em> meaning Revenues and Expenses must the recorded when they occur or incur not as when they are paid.
Answer: Option E
Explanation:
A. Poor quality inventory will not be sold leading to excess of it thus it is a reason.
B. Large set up times will lead to loosing of customers, thus, reason for excess inventory.
C. Unreliable equipment urges for overproduction while the equipment is working efficiently thus it is a reason for excess inventory.
D. Poor employee relationships effects organisation process which might lead to delay in sales thus, a reason for excess inventory.
E. Workers union establishes efficiency in the work performance of labor, thus, it is not a reason in excess inventory.
Answer: true, there is an equilibrium.
Explanation:
the above game is a pure strategy. A pure strategy occur when the game is strictly determined. the criteria used to determine the pure strategy is maxi-min and min-max. max-min means selecting the least case from all best cases and min-max means selecting the best from all least cases.
Base on the criterion, the least out of all best for max-min is 1 unit and the best out of all least cases for min-max is 1 unit. the max-min is equal to the min-max,hence it strictly determined and therefore a pure strategy.
Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.
