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4 years ago

The current u.s. economy is based primarily on the production of

1 answer:

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The current U.S. economy is based primarily on the production of services. Services are expert work performed by teams for customers, such as products, accountancy, consultation, banking, cleaning, education, insurance, and treatment, for example.

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Cool Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2 comma 003 c

Scrat [10]

Answer:

Cost of Goods Sold Budget

October November

Cost of Goods Sold $1,568,000 $1,664,600

Inventory Budget

October November

Total $752,920 $772,800

Purchase Budget

October November

Budgeted Purchases $2,259,320 $2,397,880

Explanation:

Cost of Goods Sold Budget

Gross Profit Margin = 30% therefore Markup is 70%

October November December

Sales $2,240,000 $2,378,000 $2,520,000

Cost of Goods Sold (70%) $1,568,000 $1,664,600 $1,764, 000

Inventory Budget

October November

Base Amount $420,000 $420,000

Based on Sales (20%) $332,920 $352,800

Total $752,920 $772,800

Purchase Budget

October November

Budgeted Sales $2,240,000 $2,378,000

Add Budgeted Closing Inventory $752,920 $772,800

Total Purchases Needed $2,992,920 $3,150,800

Less Budgeted Opening Inventory ($733,600) ($752,920)

Budgeted Purchases $2,259,320 $2,397,880

September Closing Stock is October`s Opening Stock

Therefore September Closing Stock = $420,000 + $1,568,000 × 20%

= $733,600

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3 years ago

Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen

Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

Total loan Commitment = 9000000

Borrowed Fund (Used Portion) = 6000000

Unused Portion (9000000 - 6000000) = 3000000

Annual Commitment Fee for unused Portion = 0.50%

Commitment Fee = 3000000 x 0.05% = 15000

Borrowed Fund (Used Portion) = 6000000

Interest Rate (3.25% + 1.5%) = 4.75%

Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

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4 years ago

To motivate employees, several major department stores are experimenting with incentive compensation plans, although compensatio

Evgen [1.6K]

Stores can make sure their employees are being incentivized when what they do benefits the customer and the store as a whole. Their main goal is to serve the customer because a happy customer comes back and refers their fiends. The employees can be rewarded on referral base actions, feedback cards and other ways that show management they are being honest and truthful to the customer.

3 0

3 years ago

Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin

Kobotan [32]

Answer:

AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)

In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40

=9750

In 6 years the complex has depreciated for $58,500

So the current value of the apartment complex would be (490,000-58500)

The current value of the apartment complex is $431500

Explanation:

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4 years ago

Help Please NO FAKE ANSWERS PLEASE I REALLY NEED HELP (economics)

soldier1979 [14.2K]

If your a busy small business owner, taking time away from your store makes you less efficient. The trade offs for using this premium service are 1. your spending more money 2. control over quality. Vise versa if your paying more for the “best groceries” then that may not be an issue. Also be aware that another issue is stocking, going to the store yourself does not guarantee that the store will have all items in stock when you go. 3. Time, taking time to grocery shop takes away from your business or the cost of an employee to watch the business or do the shopping for you having you rely on a third party’s judgment. 4. Gas, the cost of gasoline to go to and from the store. If all these are added up then you are essentially paying more for your “in person” groceries as it is. Choosing to grocery shop yourself saves you money (although how much? Once everything is taken into account?) but again the time it takes away is significant. For a busy small business owner time is extremely important and this is why the trade off of cost or added expenses for groceries may be worth it. (I hope this helps guide you in answering this question).

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3 years ago