Which statement is most accurate?

Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,405 per cou

lina2011 [118]

Answer:

Kenton and Denton Universities

A. Income Statements

Kenton Denton

Tuition Revenue $7,329 $7,329

Instructors' Salaries 6,405 6,405

Net Income $924 $924

B. Kenton University embark on a strategy to entice students from Denton University by lowering its tuition to $240 per course.

Income Statement for Kenton University:

Tuition Revenue $9,600

Instructors' Salaries 6,405

Net Income $3,195

C. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course.

Income Statement for Denton University:

Tuition Revenue $9,600

Instructors' Salaries 12,200

Net Income (Loss) ($2,600)

D. Income Statement for Kenton and Denton Universities:

Kenton Denton

Tuition Revenue $4,500 $4,500

Instructors' Salaries 6,405 3,050

Net Income/(Loss) ($1,905) $1,450

Explanation:

a) Data and Calculations:

Kenton University:

Salaries to instructors per course = $6,405

Tuition fee per course = $349

Denton University:

Salaries to instructors per student = $305

Tuition fee per course = $349

b) Kenton and Denton Universities' costs are determined by their nature based on whether they are fixed or variable. These costs also determine the level of net income to be recorded by each university.

7 0

3 years ago

The extended warranty on a $960 dishwasher is 21% of the purchase price and lasts for eight years. What is the effective cost pe

laila [671]

Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is<u> d. $25.20</u>

First find the total warranty coverage for the dishwasher:

<em>= Warranty percentage x Cost of dishwasher </em>

= 21% x 960

= $201.60

The effective cost per year is:

<em>= Total warranty / Number of years </em>

= 201.60 / 8 years

= $25.20

In conclusion, the cost is $25.20.

<em>Find out more on extended warranties at brainly.com/question/2102527.</em>

7 0

3 years ago

Read 2 more answers

Suppose the equilibrium price of oranges is $0.79, but government takes steps to prevent the price from exceeding $0.60. The lik

labwork [276]

Answer:

. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

The price ceiling is less than the equilibrium price. consumers would increase demand because the good is cheaper while producers would reduce supply as a result of the fall in price. As a result, demand would increase and supply would fall as pece is less than equilibrium price. These would lead to a shortage.

I hope my answer helps you

8 0

3 years ago

How does risk management differ from quality managemtn

Travka [436]

A risk management differs from quality management because the risk management identifies areas of operational and financial loss.

<h3>What is a risk management?</h3>

This refers to the layer of protection at the beginning of the process to identify hazards before production even begins.

<h3>What is quality management?</h3>

This is the section involved in overseeing all activities that must be accomplished to maintain a desired level of excellence in a firm.

In conclusion, the risk management differs from quality management because the risk management identifies areas of operational and financial loss.

Read more about risk management

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3 0

2 years ago

If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of c

alexgriva [62]

$10 million should be added to net income.

<h3><u>What is Accounting?</u></h3>

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about Accounting with the help of the given link:

brainly.com/question/13310721

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6 0

2 years ago