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4 years ago

If sales are $1,081,000 in 2019 and this represents a 15% increase over sales in 2018, what were sales in 2018?

Business

1 answer:

34kurt4 years ago

4 0

Answer:

Sales of 2018 amounts to $940,000

Explanation:

When the sales in the year 2019 is $1,081,000 and this sales represent 15% increase then the sales of 2018 is computed as.

= Sales of 2019 / 115 × 100

= $1,081,000 / 115 × 100

= $940,000

So, the sales of the year 2018 is $940,000

Working Note:

= (100 + 15)%

= 115%

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A significant contribution of Chester Barnard was the concept of _____

goblinko [34]

Answer:

total quality management

Explanation:

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3 years ago

Increased government debt can lead to higher interest rates and, as a result, crowding out of private investment spending. In

adelina 88 [10]

Answer:

1. Debt-spending on education

2. Debt spending on highways and ports

3. Debt-spending on research and development

Explanation:

Following are the steps which must be taken to offset the effect of crowding out in long-run. These steps are critical. The first step is government should spend more on education. Likewise, the debt spending on highways and port is critical, that is to develop infrastructure to restructure the economy. The last step is to spend government debt on research and development process.

5 0

3 years ago

Given below is summary information from DuPont's income statement for the last three years (in millions). 2016 2015 2014 Sales 2

BigorU [14]

Solution and Explanation:

2016 2015 2014

ICO/Sales

ICO 2521 1895 3145

Sales 24594 25130 28406

ICO/Sales 10.25% 7.54% 11.07%

NI/Sales

NI 2525 1959 3636

Sales 24594 25130 28406

NI/Sales 10.27% 7.80% 12.80%

CI/Sales

CI 2010 651 371

Sales 24594 25130 28406

CI/Sales 8.17% 2.59% 1.31%

b. If the gain realized from selling the segment is reported as a separate line item, it has no impact on Incomes. It is shown separately for clear understanding to the intended users. However, the figures of Comprehensive income, Net income and Income from continuing operations will not be affected (except for the difference in amounts).

If the gain is 3866 in 2016, ICO/Sales would remain same at 10.25%.

NI/Sales would vary because of increase in the gain.

3 0

3 years ago

Obj. 2Perdue Company purchased equipment on April 1 for $270,000. The equipment was expected to have a useful life of three year

xenn [34]

Answer and Explanation:

a. Straight line method

Annual depreciation = (Cost price - Scrap value) ÷ Useful life

= ($270,000 - $9,000) ÷ 3

= $261,000 ÷ 3

= $87,000

Year 1 Year 2 Year 3 Year 4

Depreciation $65,250 87,000 87,000 $21,750

Working note

Depreciation for year 1 = $87,000 × 9 ÷ 12

= $65,250

Depreciation for year 2 = $87,000 × 3 ÷ 12

= $21,750

b. Units-of-activity method

Depreciation per hour = (Cost - Scrap value) ÷ Number of operating hours

= ($270,000 - $9,000) ÷ 18,000

= $261,000 ÷ 18,000

= $14.5

Year 1 Year 2 Year 3 Year 4

Depreciation $108,750 $79,750 $58,000 $14,500

Working note

Depreciation for year 1 = 7,500 × $14.5

= $108,750

Depreciation for year 2 = 5,500 × $14.5

= $79,750

Depreciation for year 3 = 4,000 × $14.5

= $58,000

Depreciation for year 4 = 1,000 × 14.5

= $14,500

C. Double declining balance method

Under the double-declining balance method, depreciation on the decreased asset balance is paid at double straight line depreciation rate.

Straight line depreciation rate = Annual depreciation ÷ Depreciable base

= $87,000 ÷ $261,000

= 33.33%

So, double declining depreciation rate = 2 × 33.33%

= 66.67%

Year 1 Year 2 Year 3 Year 4

Depreciation $135,000 $90,000 $30,000 $6,000

Working Note

Depreciation for year 1 = $270,000 × 66.67% × 9 ÷ 12

= $135,000

Depreciation for year 2 = ($270,000 - $135,000) × 66.67%

= $90,000

Depreciation for year 3 = ($270,000 - $135,000 - $90,000) × 66.67%

= $30,000

Total depreciable assets = $135,000 + $90,000 + $30,000 + $6,000

= $261,000

6 0

3 years ago

Trans Union Corporation issued 6,800 shares for $50 per share in the current year, and it issued 11,800 shares for $37 per share

oee [108]

Answer and Explanation:

The impact of the transactions on the financial statement are as follows

1. In case of Sold 5,000 Shares:

The total Assets Increased by $250,000 i.e (5,000 × $25) as it increased the cash balance

Total Liabilities = No Change

Total Stockholders Equity = Increased by $250,000 as it increased the overall equity

Net Income = No Change.

2. In case of sale of 10,000 shares

The total Assets Increased by $370,000 i.e (10,000 × $37) as it increased the cash balance

Total Liabilities = No Change

Total Stockholders Equity = Increased by $370,000 as it increased the overall equity

Net Income = No Change.

3. In case of Purchased 20,000 of Treasury Stock

The Total Assets Decreased by $900,000 i.e (20,000 × $45) as it reduced the cash balance

Total Liabilities = No Change

Total Stockholders Equity Decreased by $900,000 as it decreased the overall equity

Net Income = No Change.

Note:

The number of shares given i.e 6,800, 11,800 and 21,800 are incorrect use the 5,000 shares, 10,000 shares and 20,000 shares and we did the computation accordingly

7 0

3 years ago