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alina1380 [7]
3 years ago
9

Anthony is 17 years of age and attending college in Maine. One day, while skiing he breaks his leg and is taken to the emergency

room of the local hospital. When filling out the necessary paperwork, whom should Anthony name as the party responsible for the charges incurred?
Business
2 answers:
Liono4ka [1.6K]3 years ago
5 0
Himself I believe. Unless. Something made him fall -proper gear, slopes, borrowed equipment- if none of these are acquired then it would be himself because no one is at fault other than himself... hopefully this is right?

Good luck!
Ray Of Light [21]3 years ago
3 0

Answer:

  his parents

Explanation:

Anthony is a minor, so his parents are legally responsible for any costs he may incur. Anthony should name his parents as the party responsible.

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2021 2020 Income Statement Information Sales revenue $ 8,400,000 $ 7,900,000 Cost of goods sold 5,535,600 5,400,000 Net income 3
Vinil7 [7]

Answer:

2021 2020 Income Statement Information

Sales revenue $ 8,400,000 $ 7,900,000

Cost of goods sold 5,535,600 5,400,000

Net income 332,500 198,000

Balance Sheet Information

Current assets $ 1,550,000 $ 1,450,000

Long-term assets 2,150,000 1,850,000

Total assets $ 3,700,000 $ 3,300,000

Current liabilities $ 1,150,000 $ 850,000

Long-term liabilities 1,550,000 1,550,000

Common stock 750,000 750,000

Retained earnings 250,000 150,000

Total liabilities and stockholders' equity $ 3,700,000 $ 3,300,000

<h2>1. </h2>

Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.)

The four main profitability ratios are:

  1. gross profit margin = (revenue - COGS) / revenue = ($8,400,000 - $5,535,600) / $8,400,000 = 0.341 or 34.1%
  2. net profit margin = net profit / revenue = $332,500 / $8,400,000 = 0.03958 or 3.96%
  3. return on assets = net income / average total assets = $332,500 / [($3,700,000 + $3,300,000)/2] = $332,500 / $3,500,000 = 0.095 or 9.5%
  4. return on equity = net income / shareholders equity = $332,500 / $1,000,000 = 0.3325 or 33.25%

<h2>2. </h2>

Determine the amount of dividends paid to shareholders in 2021.

retained earnings 2021 - retained earnings 2020 = net income - dividends

$250,000 - $150,000 = $332,500 - dividends

$100,000 + dividends = $332,500

dividends = $332,500 - $100,000 = $232,500

8 0
3 years ago
Why should a person create a budget
kondor19780726 [428]

Answer:

To know what things they should buy and how much they should pay

Explanation:

7 0
3 years ago
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Westfield Graziers packages and distributes three grades of animal feed. The material cost per tonne and estimated annual sales
7nadin3 [17]

Answer:

1. Particulars                     Super premium      Premium      Economy

Material cost                            $16                        $12              $10

Indirect cost (40000/10000)  <u>$4 </u>                        <u>$4 </u>              <u>$4</u>

Total cost                                 $20                       $16              $14

Profit (100% of total cost)        <u>$20 </u>                      <u>$16 </u>             <u>$14</u>

Selling price                             <u>$40</u>                       <u>$32 </u>            <u>$28</u>

<u />

2. Yes, the price calculated in part A takes into account what customers are willing to pay. This can be said because the company has the policy of adding 100% to the total cost. This means that the company knows that customers will be willing to pay that much amount.

8 0
3 years ago
A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter.
Sholpan [36]

Answer:

(A) Total assets,

(C) Cash from operations and

(D) Total liabilities

Explanation:

A company collecting $10,000 cash from a customer as a deposit for goods that will be shipped next quarter is an example of an unearned revenue. It is receiving money from the customer in advance for the good or service yet to be provided.

And this is considered as a liability and recorded in the balance sheet as such because the company now owes the customer.

When the good or service is now provided, it increases the total assets.

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The most efficient level of output and corresponding marketer hours in the short-run is capital for a time period of fewer than four-six months.

The short run is an idea that within a certain time period, at least one input is fixed while others remain variable. In the short run, firms face both variable and fixed costs, which means that wages, output, and prices do not have full freedom to reach a new equilibrium.

In the short run one factor of production, for instance capital is fixed. This is a time period of fewer than four-six months. In the short run, the firm should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Hence, in the short run, a firm decides how much output to produce in the current facility.

To learn more about short-run here:

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2 years ago
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