Answer:
A proposal typically provides information so that an organization can make a decision about a product, procedure, or policy.
Answer:
If prices are cut by $0.2 then the operating income will increase by $91,200.
Explanation:
Current Gross Profit is :
Revenue [240,000 * $6] = $1,440,000
Cost of Sales = $1,416,000
Gross Profit = $24,000
If selling price is reduced to $5.80
Revenue $5.80 * [ 240,000 * 1.10 % ] = $1,531,200
Cost of Sales $1,416,000
Gross Profit = $115,200
Answer:
See below
Explanation:
With regards to the above,
Computation of quick assets is shown below
Quick assets = Account receivable + cash + marketable securities
= $60,524 + $24,556 + $32,237
= $117,317
Answer:
a $2,350 credit balance
Explanation:
Accounts payable is a liability account. As such, when a credit entry into the account increases the balance and a debit entry reduces the balance in the account.
For the payment of an amount owed, it will be posted as a debit.
Therefore the balance in the account after the posting
= ($3700) + $1350
= ($2350)
Note the parenthesis was used to indicate a credit item.
