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elena-s [515]
3 years ago
6

BRAINLIEST For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements.

Business
1 answer:
lesya [120]3 years ago
8 0

Answer:

When the company gets cash from a bank loan,

Cash Debits

Bank Loan Account Credits

what happens is that the Assets increase and the Liabilities also increase.

Explanation:

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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 420,000 Sales revenue $ 1,890,000 Va
kkurt [141]

Answer:

31.79%

Explanation:

Kilograms produced and sold = 420,000

Sales revenue = $ 1,890,000

Variable manufacturing expense = $ 948,000

Fixed manufacturing expense = $ 242,000

Variable selling and administrative expense = $ 341,000

Fixed selling and administrative expense = $ 208,000

Net operating income = $ 151,000

Total variable cost:

= Variable manufacturing expense + Variable selling and administrative expense

= $ 948,000 + $ 341,000

= $1,289,000

Contribution margin:

= Sales - Total variable cost

= $ 1,890,000 - $1,289,000

= $601,000

Contribution margin ratio:

= (Contribution ÷ sales) × 100

= ($601,000 ÷ $1,890,000) × 100

= 0.3179 × 100

= 31.79%

6 0
3 years ago
Grant Corporation is looking to purchase a building costing $1,300,000 by paying $500,000 cash on the purchase date, and agreein
Alexandra [31]

Answer:

Grant Corporation

The payments should be $42,133.16 every quarter.

Explanation:

a) Data and Calculations:

Building cost = $1,300,000

Down payment = $500,000

Interest rate = 8% per year

Payment terms = quarter for 5 years

From an online calculator, the payments should be:

N (# of periods)  20

I/Y (Interest per year)  2

PV (Present Value)  800000

FV (Future Value)  0

Results

PMT = $42,133.16

Sum of all periodic payments $842,663.23

Total Interest $42,663.23

5 0
3 years ago
What would likely be covered under homeowners insurance but not by renters insurance?
kozerog [31]
If this is a multiple choice the answer is the option about the tree branch breaking your bedroom window...hope this helps:)
4 0
3 years ago
High Country Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 6,000 units of pro
SCORPION-xisa [38]

Answer:

$9,000

Explanation:

Calculation for the amount of gross profit that should be recognize

First step is to calculate the

A's sale value = 6,000 unit*12 per unit

A's sale value = $72,000

Second Step is to calculate B's sale value

B's sale value = 14,000 units*4 per unit

B's sale value= $56,000

Third step is to calculate the Total sale value

Total sale value = $72,000 + $56,000

Total sale value= $128,000

Fourth Step is to calculate the Cost of goods sold of A for 6,000 units and 2,000 units

Cost of goods sold of A for 6,000 units = ($72,000/$128,000) * $80,000

Cost of goods sold of A for 6,000 units = 0.5625*$80,000

Cost of goods sold of A for 6,000 units= $45,000

Cost of goods sold of A for 2,000 units = $45,000*2,000/6,000

Cost of goods sold of A for 2,000 units = $15,000

Last step is to calculate the Gross profit of A for 2,000 units

Gross profit of A for 2,000 units = (2,000*12 per units) - 15,000

Gross profit of A for 2,000 units = $24,000 - $15,000

Gross profit of A for 2,000 units = $9,000

Therefore the amount of gross profit that should be recognize will be $9,000

7 0
3 years ago
Which of the statements is the best
Galina-37 [17]

Answer:

Cash over flow ~AU ( ;

Explanation:

4 0
3 years ago
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