Answer:
$160,000
Explanation:
If the beverage sales represent 20% of the total sales, to find out the dollar amount of beverage sales, all we need to do is multiply the total sales x 20%:
beverage sales = $800,000 x 20% = $160,000
food sales = total sales - beverage sales = $800,000 - $160,000 = $640,000
Answer: MRP or the Marginal Revenue Product is the addition to total revenue when one more unit of a product is produced and sold in the market. It can be calculated using the given formula,
Therefore, MRP for the twelfth worker will be,
which is total revenue at 12th worker minus total revenue for the 11th worker.
Answer:
Total Fixed Assets = 20 million
Explanation:
Total liabilities and equity = $65 million
Current liabilities = $10 million
Inventory = $15 million
Quick ratio = 3 times.
As we know
Total liabilities and equity = Total Assets
65 Million = Total Fixed Assets + Total Current Assets
65 Million = Total Fixed Assets + 45 million
Total Fixed Assets = 65 million - 45 million
Total Fixed Assets = 20 million
Quick Ratio = ( Total Current Assets - Inventory ) / Total Current Liabilities
3 = ( Total Current Assets - 15 million ) / $10 Million
3 x $10 Million = Total Current Assets - 15 million
30 million = Total Current Assets - 15 million
30 million + 15 million = Total Current Assets
Total Current Assets = 45 Million
Preparation of statement of owner's equity for Hawkin for the month ended December 31.
<h3>What is owner's equity?</h3>
Owner's equity is the amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation.
Owner's Equity = Assets – Liabilities
Assets
Cash $ 8,300
Accounts Receivable 1,100
Supplies $2,800
Equipment 15,100
Total Assets $27,300
Liabilities
Accounts Payable 7,600
Withdrawals 2,100
Total liabilities ($9,700)
Owner's equity $17,600
Learn more about owner's equity here : brainly.com/question/11110287
Equity would decrease (Expenses, Rent Expense in this case, causing Retained Earnings to decrease).
