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4 years ago

The Azuza Company owns no plant assets and had the following income statement for the year:

Business

1 answer:

Eva8 [605]4 years ago

3 0

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

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A policy promoting cutbacks in the amount of federal regulations in specific areas of economic activity is

serious [3.7K]

The answer is deregulation. It removes restrictions from laws for to allow competition among the industries and set into the market. However, based on experience, industries, and investments suffered from this set-up. The government stopped it after the mortgage crisis last 2007.

It was also found out that is is difficult to apply because of existing monopolies that can control prices in the market.

8 0

4 years ago

Assume you are buying insurance for your home. Your agent tells you that the pure premium is $300 and that the insurance company

Svetradugi [14.3K]

Answer:

$ 315

Explanation:

Given that

Pure premium = $300

Insurance company charges = 5%

Thus,

Amount of insurance company changes = 300 × 5%

= 300 × 0.05

= $15

Therefore,

Total premium = pure premium + insurance company charges

= 300 + 15

= $ 315

Note that: Premium is simply the amount to be paid regularly to an insurance company for an insurance policy. It is the money paid periodically by the insured to the insurer.

6 0

4 years ago

Grace Food Company Contribution Income Statement for the Month of October Corn Flakes Frosted Flakes Total Amount Percent Amount

ivann1987 [24]

Answer:

$1.5 million.

Explanation:

Calculation of the amount of the break-even sales for Grace Food Company:

Sales mix calculation will be:

Corn Flakes = $2,000,000/$2,500,000

= 0.80,

Frosted Flakes = $500,000/$2,500,000

= 0.20.

Calculation for the Contribution margin ratio will be:

(60%) × (0.80) + (50%) × (0.20) = 58�lculation for the Break-even point will be:

Break even point= Total Fixed Costs/Overall Contribution margin ratio

Hence,

$870,000/0.58= $1.5 million.

Therefore amount of break even sales will be $1.5 million.

8 0

3 years ago

Carr Corporation has provided the following information for its most recent month of operation: sales $8,200; beginning inventor

Novay_Z [31]

Answer:

$3,900

Explanation:

The computation of the inventory purchase is shown below:

As we know that

Sales - gross profit = Cost of goods sold

$8,200 - $5,300 = Cost of goods sold

So, the cost of goods sold is $2,900

Now the cost of goods sold is

Cost of goods sold = Opening stock + purchase made - ending stock

$2,900 = $1,100 + purchase made - $2,100

$2,900 = -$1,000 + purchase made

So, the purchase made is

= $2,900 + $1,000

= $3,900

8 0

3 years ago

The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources

agasfer [191]

Complete question:

The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

a. triangulate

b. minimize

c. gather

d. collect

e. assemble

Answer:

The key to good market intelligence is to triangulate data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

Explanation:

Triangulation means that data are obtained using more than one process. This is a way to ensure research's validity. Have used a variety of methods for collecting data, which apply to the same topic. This includes different survey forms and data collection techniques.

Nevertheless, triangulation does not actually have the purpose of cross-validating results, but of collecting different dimensions of the same phenomena.

5 0

3 years ago