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WARRIOR [948]
2 years ago
9

Suppose you are shipping 1,000 pounds of product to a customer location that is 500 miles away from you. The customer calls you

and increases the order size to 10,000 pounds. Which of the following is NOT LIKELY to occur as a result of this change?
A. The cost per pound of transportation for the order will decrease.
B. The total cost of transportation for the order will increase.
C. Both of these are likely to occur.
Business
1 answer:
DIA [1.3K]2 years ago
6 0
It’s c both of these are likely to occur
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Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common
Vanyuwa [196]

Answer:

The company's revenue for the year is <u>$1,615,000</u>.

The correct option is  <u>A. $1,615,000</u>.

Explanation:

Given:

Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000.

If Patterson’s ending retained earnings was $350,000.

Now, to find the company's revenue for the year.

Opening Retained earnings = $325,000.

Common stock = $500,000.

Recorded expenses = $1,500,000.

Paid dividends = $90,000.

Closing Retained earnings = $350,000.

Now, to get the revenue of the company we put formula:

<u><em>Revenue = (Recorded expenses + paid dividends + closing Retained earnings) - opening Retained earnings</em></u>

Revenue=(1500,000+90,000+350,000)-325,000

Revenue=1940000-325000

Revenue=1615,000.

Therefore, the company's revenue for the year is $1,615,000.

The correct option is  A. $1,615,000.

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3 years ago
Stocks are:
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Not available for individual investors hola
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3 years ago
Problem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the t
dexar [7]

Answer:

$31,000

Explanation:

Calculation to determine Elaine's current basis in her partnership interest

Using this formula

Elaine's current basis= Value of original basis + (interest purchased - Cash received) + Tax exempt interest

Let plug in the formula

Elaine's current basis= $40,000 + ($70,000 - $80,000) + $1,000

Elaine's current basis= $40,000 - $10,000 + $1,000

Elaine's current basis= $31,000

Therefore Elaine's current basis in her partnership interest is $31,000

5 0
3 years ago
Jordan plans to open a computer repair business this summer. As he plans, he writes down the long-term goals of the business so
Zarrin [17]

Answer:

D) Establish the mission, vision, and values statements

Explanation:

A mission statement is a short written description of what is the purpose of your company, or why does it exist. The mission statement usually includes the company's capabilities, what unsatisfied needs will the company satisfy, and activities will be carried out to satisfy their customers' needs.

The mission statement is the cause (before) and the vision statement is the effect (after). The vision statement should describe the long term goals that your company should accomplish. It serves as a guide to where you want to be in the future.

The value statements should describe how Jordan values his own business (including employees), his customers (including the community) and his suppliers. The values statements serve as a guide on how Jordan and his employees should behave within the business.

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2 years ago
Smith &amp; Jones, Accountants, agrees to perform an audit for Brick &amp; Mortar Stores, Inc.
makvit [3.9K]

Answer:

a. want to avoid potential disputes.

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The auditors are liable to report all the acts of the company, whether are in confirmation of law or not. This is because it is their duty to put a review on the balance sheet, and provide the users of such balance sheet the trust on the information presented.

Even if the agreement do not provide for complete details making it a valid contract this is sure that they need to act properly so that any moral dispute do not occur and that, all the work is done according to the responsibilities.

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