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3 years ago

Here is the ORIGINAL data of the Sporthotel problem:

Business

1 answer:

Setler [38]3 years ago

3 0

Answer:

d and also b

Explanation:

highest our of all which is also franshises

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Askin again cuz I rly need help My business class suuuuckkks :(

Nutka1998 [239]

Daycare, in-home nurse, cleaning service, drivers Ed

3 0

3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

5 0

3 years ago

The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per sha

Ksivusya [100]

Answer:

B) DR Cash 128,000 CR Treasury stock 96,000 CR Paid-in capital from treasury stock 32,000

Explanation:

Based on the information given the correct journal entry to record the resale of treasury stock is to Debit Cash $128,000 Credit Treasury stock $96,000 and Credit Paid-in capital from treasury stock $32,000

DR Cash $128,000

(4000*$32)

CR Treasury stock $96,000

(4000*$24)

CR Paid in capital in excess of par $32,000

(4000*$8)

6 0

3 years ago

__________ is a method of investment in which a company builds a new business or buys an existing business in a foreign country.

alex41 [277]

Answer: foreign direct investment

Explanation:

Foreign direct investment is when a person or company in one country owns at least ten percent investment in another country (foreign country).

7 0

3 years ago

A double coincidence of wants

Lyrx [107]

Answer:

All of the above are correct.

Explanation:

A double coincidence of wants is a situation in which two parties possess items that the other wants, so they can exchange items directly without using money.

It is required in a barter economy or an economy that does not use money or a fixed medium of exchange. Such an economy exchange is good for goods.

Double coincidence of wants has a number of limitations. It reduces the scope for the specialization of goods. It creates problems inefficient allocation of resources. It also more time consuming to find someone who possesses what you need and wants what you have.

6 0

3 years ago