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3 years ago

7

Sue earned $21,000 at her waitress job last year; she also made $7,000 in tips. in addition, sue earned $95 interest on her savi

ngs account and received a $500 gift from her father. find sue's gross income for the year.

1 answer:

kobusy [5.1K]3 years ago

5 0

Her gross income for the year would be $28,595

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During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2015, yo

SVETLANKA909090 [29]

Answer:

<em>adjusted income: 92,830</em>

<em>adjusted income: 92,830</em>

<em>adjusted income: 92,830</em>

Explanation:

a) 20,400 contract for a year

20,400 / 12 = 1,700 value per month

from Oct 1st to Dec 31th: 3 months for a total of 5,100 expense

b) we should decrease revenue by 3,400

c) we should reverse 2,450 supplies expense and post under supplies

d) principal x rate x time = interest

64,000 x 0.09 x 4/12 = 1,920 interest expense

94,000 - 5,100 insurance expense + 3,400 unearned revenue +2,450 reversing of supplies expense - 1,920 interest expense

<em>adjusted income: 92,830</em>

6 0

3 years ago

Grosheim Incorporated has fixed expenses of $213,000 per year. Right now, Grosheim Incorporated is selling its products for $250

nirvana33 [79]

Answer:

781 units

Explanation:

Under the CVP concept, the break-even point is calculated by dividing the fixed costs by the contribution margin per unit.

i.e., break-even point = fixed cost/ contribution margin per unit

Currently, fixed costs are $213,000, an increase of 10% will take to

=(10/100 x $213,000) + $213,000

=$21,300 + 213,000

=$234, 300

The selling price is $250, an increase of 40%

=$250 x 1.4

=$350

variable cost will remain the same this year and the following year

Current variable costs are 20% of sales

=20/100 x 250

=0.2 x 250

=$50

Contribution margin will be new selling price - variable costs

=$350-50

=$300

Break-eve point = $234, 300/300

=781 units

3 0

3 years ago

When Microsoft introduces a new version of its Windows operating system, it typically uses selected magazine, Internet, and dire

Maksim231197 [3]

Answer:

The correct answer is the option C: Media Mix

Explanation:

To begin with, in the area of marketing, there are four major variables to work with, the four Ps are: Product, Price, Place and Promotion. This last one, promotion, has the importance of finding the proper media o channel to deliver the message that was developed by the advertisers. Therefore that it is in this part where the employees of the company are looking forward to choose the better channels to deliver their message and the term of media mix in here indicates that group of channels that the workers decided. That is why, when Windows decide to deliver they marketing message of a new operative system they select a magazine, internet and direct mail, all that, comprehends its media mix.

6 0

3 years ago

If total liabilities decreased by $15,000 and stockholders' equity increased by $10,000 during a period of time, then total asse

scoray [572]

Answer:

The total assets must change by B) $5,000 decrease

Explanation:

hi, remember that:

$Assets=Liabilities+Equity$

If liabilities decrease by $15,000 and equity increases by $10,000...

$Assets=(Liabilities-15,000)+(Equity+10,000)$

$Assets=Liabilities+Equity-5,000$

Therefore, to balance this equation, we have to substract -$5,000 from the assets, therefore, the assets decrease by 5,000, which is B)

Best of luck.

4 0

3 years ago

Assume that the expected future dividends (D) at end of periods 1,2, and 3, as well as the expected future price (P) at end of p

MariettaO [177]

Answer:

$66.9725

Explanation:

Data provided in the question:

Dividend:

D1 = $1.20

D2 = $1.40

D3 = $1.55

Expected future price, P3 = $82

Required return = 8.9 percent = 0.089

Now,

Stock price today = Present value of dividends and the future value

Stock price today = $\frac{1.20}{(1+0.089)}+\frac{1.40}{(1+0.089)^2}+\frac{1.55}{(1+0.089)^3}+\frac{82}{(1+0.089)^3}$

or

Stock price today = 1.1019 + 1.1805 + 1.2001 + 63.49

or

Stock price today = $66.9725

8 0

3 years ago