If sales rise from 16 billion to 17.5 billion how much f a perchentage is this

The Allowance for Bad Debts account had a balance of $7,300 at the beginning of the year and $10,100 at the end of the year. Dur

anygoal [31]

Answer:

Allowance for Bad Debts

Debit - Credit

$ 10,600 - $ 7,300

- $ 13,400

$ 10,600 - $ 20,700 = 10,100

Explanation:

Balance at the Begining

Allowance for Bad Debts $ 7,300

=========================================

Bad debt expense $ 13,400

Allowance for Bad Debts $ 13,400

=========================================

Allowance for Bad Debts $ 10,600

Accounts Receivable $ 10,600

=========================================

Balance at the End

Allowance for Bad Debts $ 10,100

=========================================

6 0

3 years ago

Complete each of the following contribution format income statements by supplying the missing numbers.

tangare [24]

Answer and Explanation:

The missing amount is as follows:

a.

Sales revenue = Variable expense + contribution margin

= $232,804 + $130,532

= $363,336

Fixed expense = Contribution margin - operating income

= $130,532 - $21,597

= $108,935

Income tax = OPerating income - net income

= $21,597 - $15,118

= $6,479

b.

Variable expesne = sales revenue - contribution margin

= $485,168 - $171,860

= $313,308

Operating income = contribution margin - fixed expense

= $171,860 - $87,912

= $83,948

Net income = operating income - income tax

= $83,948 - $25,184

= $58,764

c.

Operating income = income tax + net income

= $21,532 + $64,596

= $86,128

Contribution margin = Fixed expense + operating income

= $146,396 + $86,127

= $232,524

Sales revenue = variable expense + contribution margin

= $102,728 + $232,524

= $335,252

d.

Variable expense = sales revenue - contribution margin

= $686,356 - $430,808

= $255,548

Operating income = income tax + net income

= $60,859 + $182,577

= $243,436

Fixed expense = Contribution margin- operating income

= $430,808 - $243,436

= $187,372

,

8 0

3 years ago

Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,

Citrus2011 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

<u>To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400 - (0.4*1,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,200 - (0.4*500)= $2,000

Total cost= 2,000 + 0.4x

x= machine hour

<u>Finally, the total cost for 1,200 machine hours:</u>

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

7 0

3 years ago

Kyan owns investment A and 1 bond B. The total value of his holdings is $6,600. Investment A is expected to pay annual cash flow

sweet-ann [11.9K]

Answer:

YTM on bond B: 11.80%

Explanation:

Investmetn A is a perpetuity with a grow rate of 2.21% and required return of 11.49%

the present value is:

$\frac{515}{.1149 - .0221} = Investment_A$

A=5549.568966

if Kyan holding value is 6,600 then the bond present value is:

6,600 - 5,549.57 = 1,050.43

Now we need to calcualte the YTM for bond B:

$YTM_s = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}$

Coupon payment =1,000 x 12.66%/2 payment per year = $ 63.3

Face Value = 1000

Present value= 1050.43

n= 9 years x 2 payment per year = 18

$YTM_s = \frac{63.3 + \frac{1,000-1,050.43}{18 }}{\frac{1,000+1,050.43}{2}}$

$YTM_s = \frac{63.3 + \frac{60.49833333}{1025.215}$

YTMs = 5.9010386%

This is a semiannual rate, as we were working with semiannual payment

to get the YTM we multiply by 2 and get:

YTM: 0.118020773 = 11.80%

5 0

3 years ago

The standard costs and actual costs for direct materials for the manufacture of 1,910 actual units of product are as follows: St

vesna_86 [32]

Answer:

$774 unfavorable

Explanation:

The computation of the direct material quantity variance is shown below:

= Standard Price × (Standard Quantity - Actual Quantity)

= $8.60 × (1,910 kilograms - 2,000 kilograms)

= $8.60 × 90 kilograms

= $774 unfavorable

Since it is unfavorable as it derives that actual quantity is more than the standard quantity and in the case of favorable, the actual quantity is less than the standard quantity

6 0

4 years ago