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3 years ago

Determine the missing amount for each of the following:

Business

1 answer:

Alja [10]3 years ago

4 0

Answer:

(a) $3,930,000

(b) $386,200

Explanation:

(a) Assets = Liabilities + Owner's Equity

Assets = $556,000 + $3,374,000

= $3,930,000

(b) Assets = Liabilities + Owner's Equity

$6,111,200 = Liabilities + $5,725,000

Liabilities = $6,111,200 - $5,725,000

= $386,200

$2,150,000 = $812,500 + Owner's Equity

Owner's Equity = $2,150,000 - $812,500

= $1,337,500

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When a business owner is asked how the business is doing and she replies,

Rama09 [41]

Answer:

That we are no profit and loss position.

Explanation:

Breakeven point is the point at which the company is at no profit no loss position. If the lady is saying that we are breaking even, its one explanation is that all that we have earned has covered all of our costs. The second explanation is dependant on the fixed cost considered. If the fixed cost considered is for whole of the year and we are breaking even at the 8th month then the contribution in the next four months would be 100% profit.

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3 years ago

Marketing channels can achieve economies of scale through:a. overcoming spatial discrepanciesb. overcoming temporal discrepancie

Snowcat [4.5K]

Answer: D. specialization and division of labor

Explanation:

Economies of scale refers to the cost advantages that are reaped by companies when there is efficient production such that production increases and there's lowering of costs.

Economies of scale can be achieved by marketing channels through specialization and division of labor. This can be done by aiding the producers who doesn't have the finance and lacks motivation, or the expertise to market directly to the consumers.

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3 years ago

A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw m

daser333 [38]

Answer:

Profit for Kansas City = $376,375

Explanation:

a) Data and Calculations:

Omaha Kansas City

Expected annual demand (units) 9,800 11,625

Annual fixed costs $1,000,000 $1,100,000

Variable cost per unit $30 $45 $294,000 $523,125

Total cost $1,294,000 $1,623,125

Revenue $1,685,600 $1,999,500

Profit $391,600 $376,375

From the above differential analysis, it appears that locating in Omaha would be better and more profitable than locating in Kansas City for the company. This is based on the fact that more profit ($15,225) will be generated with Omaha location than locating in Kansas City.

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3 years ago

The following data is available for Blaine Corporation at December 31, 2018:

natulia [17]

Answer:

B. 25,000

Explanation:

Given important information here is common stock, par $10 authorized, 30,000 shares and $250,000 Treasury Stock.

To calculate how many shares of common stock have been issued we have to divide the total price of common stock/par value which is as follows:

Shares issued = 250,000/10

25,000 shares answer

Therefore the correct answer is 25,000 shares .

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3 years ago

â€‹A restaurant, which operates in a perfectly competitive market, is evaluating whether it should serve breakfast on a daily ba

riadik2000 [5.3K]

Answer:

TRUE

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.

8 0

3 years ago