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victus00 [196]
3 years ago
5

HELP ASAP, CORRECT ANSWER GETS BRAINLIEST

Business
2 answers:
MArishka [77]3 years ago
6 0
C. cash borrowed from a credit card account
7nadin3 [17]3 years ago
5 0
Cash borrowed from a credit card account
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The following financial information was summarized from the accounting records of Buddy Corporation for the current year ended D
Nat2105 [25]

Answer:

(a) $56,730

(b) $36,330

(c) $ 51,800

(d) $24,800

(e) $36,230

Explanation:

(a) Gross profit for the Dalmatian Division:

= Net sales - Total Cost of goods sold

= $87,000 - $30,270

= $56,730

(b) Income from operations from the Dalmatian Division:

= Gross Profit - Direct operating expenses

= $56,730 - $20,400

= $36,330

(c) Gross profit for the Beagle Division:

= Net sales - Total Cost of goods sold

= $99,000 - $47,200

= $ 51,800

(d) Income from operations from the Beagle Division:

= Gross Profit - Direct operating expenses

= $51,800 - $27,000

= $24,800

(e) Total income from operations;

= $36,330 +  $24,800

= $61,130

Earnings before interest and taxes:

= Total income from operations - General overhead

= $61,130 - $18,160

= $42,970

Earnings before taxes:

= Earnings before interest and taxes - Interest expense

= $42,970 - $2,040

= $40,930

Net income = Earnings before taxes - Income taxes

                    = $40,930 - $4,700

                    = $36,230

6 0
3 years ago
Flying High Manufacturing produces frisbees using a threeminusstep sequential process that includes​ molding, coloring and finis
zmey [24]

Answer and Explanation:

The journal entry is shown below:

WIP inventory - Coloring Dr XXXXX

         To WIP inventory - molding XXXXX

(Being the transferring from the molding process to the coloring​ process is recorded)

For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets

8 0
3 years ago
Which of the following statements is incorrect?
suter [353]

Answer:

D) none of the statements associated with this question are incorrect.

Explanation:

As the population rises, demand increases and the market demand curve shifts to the right. 

As a greater fraction of the population becomes elderly, the fraction of the population needing medical services increases and the demand for medical services will tend to increase. The demand curve shifts to the right.

Changes in the composition of the population affect the demand for a product. For example, if the fraction of the elderly in a population increases, the demand for medical services also increases.

I hope my answer helps you

3 0
3 years ago
It's called buyer's remorse when you wake up the next morning and regret a purchase
solong [7]
That would be false.
8 0
3 years ago
Read 2 more answers
Suppose you know that a company’s stock currently sells for $74 per share and the required return on the stock is 10.6 percent.
Nastasia [14]

Answer:

Current dividend per share = $3.72 (Approx).

Explanation:

Given:

Current stock price = $74

Rate of return = 10.6%

Dividend yield rate = 10.6% / 2= 5.3%  = 0.053

Computation:

Dividend = Current stock price x  Dividend yield rate

Dividend = $74 x 0.053

Dividend = $3.922

Current dividend per share = Dividend (1 / 1 + yield rate)

Current dividend per share = $3.922 (1 / 1.053)

Current dividend per share = $3.922 (0.949667616)

Current dividend per share = $3.72459639

Current dividend per share = $3.72 (Approx).

3 0
3 years ago
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