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3 years ago

If data aggregation is the goal of collecting the data, ______ are the best choice.

1 answer:

8 0

The answer for the blank pace is:
"Classifications"
The full sentence will be read as follow:

If data aggregation is the goal of collecting the data, Classifications are the best choice.

Data aggregation means a process where information is gathered and expressed in a summary form, and the purposes include many such as statistical analysis etc.

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Molly's auto detailers maintains its records on the cash basis. During 2018, molly's collected $72,800 from customers and paid $

igor_vitrenko [27]

Accrued Net Income will be calculated as below:

Sales $72800

Less Expenses $20400

Cash Income $52400

Less: Depreciation $4900

Add: Accounts Receivable Inc $4500

Less: Reduction in Prepaid Exp $1900

Add: Reduction in Acc Liab $1700

Accrued Income $51800

Depreciation will be reduced as its an expense and all expenses will be reduced.

Increase in Accounts Recievables indicate there have been sales which have not been paid for yet, thus sales will increase and this needs to be added

Reduction in Prepaid Expenses refer to expenses being paid off earlier but now need to be recognised, thus these need to be added to expenses

Reduction in accrued liabilitites indicate that expenses of previous period have been paid off now thus those need to be reduced from cash expenses.

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3 years ago

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

April= $280,000

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

Cash collection April:

Sales on account from April= 280,000*0.25= 70,000

Sales on account from March= 250,000*0.75= 187,500

Total cash collection= $257,500

8 0

3 years ago

Carney Company manufactures cappuccino makers. For the first eight months of 2019, the company reported the following operating

cupoosta [38]

Answer:

Total effect on income= $190,000

Explanation:

Giving the following information:

Sales (500,000 units) $90,000,000

Cost of goods sold 54,000,000

Gross profit 36,000,000

Operating expenses 24,000,000

Net income $12,000,000

An analysis of costs and expenses reveals that the variable cost of goods sold is $95 per unit and variable operating expenses are $35 per unit. In September, Carney Company receives a special order for 40,000 machines at $135 each from a major coffee shop franchise. Acceptance of the order would result in $10,000 of shipping costs but no increase in fixed expenses

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

Total unitary cost= 95 + 35 + (10,000/40,000)= 130.25

Contribution margin= 135 - 130.25= 4.75

Total effect on income= 4.75*40,000= $190,000

7 0

2 years ago

Enter a logical function in cell F5 that calculates employee FICA withholding. If the employee is full-time and has at least one

mixer [17]

Answer:

the formula in cell F5 =IF(AND(B5="FT",C5>0),0.07*(D5-E5),0.05*(D5-E5))

Explanation

Check attachment for the given data and solution data

3 0

3 years ago

Ball Bearings, Inc., faces costs of production as follows:

Travka [436]

Answer:

Q Fixed Variable Total Marginal Aver. Aver. Aver.

Costs Costs Cost Cost FC VC TC

0 100 0 100 - - - -

1 100 50 150 150 100 50 150

2 100 70 170 20 50 35 85

3 100 90 190 20 33.33 30 63.33

4 100 140 240 50 25 35 60

5 100 200 300 60 20 40 60

6 100 360 460 160 16.67 60 76.67

The firm's profit in this case is -$360.

True or False: This was a wise decision. ⇒ False

Depends on the situation and which costs are avoidable if the company shuts down operations. If it produces 4 cases, the losses reduce from -$100 to -$40, but the contribution margin is positive since revenues exceed variable costs by $60. But under the current price level, the company will not be able to generate profits unless it increases its sales price or decreases its fixed costs.

Vaguely remembering his introductory economics course, the company's chief financial officer tells the CEO it is better to produce 1 case of ball bearings, because marginal revenue equals marginal cost at that quantity.

At this level of production, the firm's profit is -$100.

True or False: This is the best decision the firm can make. ⇒ False

Accounting profit is maximized at 4 cases since marginal cost ($50) = sales price ($50). At this point the total profit is -$40.

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3 years ago