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3 years ago

John

1 answer:

8 0

<span>The businessmen of the 1800s revolutionized business practices in this country. For one, new techniques like vertical and horizontal integration increased efficiency and improved profit margins for single companies. Also, the new banks demanded positions on the boards of the companies they loaned money, transforming the role of financial institutions in America.</span>

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The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $34,000 Accounts Receivable 28,000 Pr

marta [7]

Answer:

Ending RE 153,000

Explanation:

Retained Earning will be calcualte as follows:

$$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning$

We need to solve for the net incoem in order to solve for ending Retained Rearnings (RE)

Net Income: Revenues - Expenses

Service Revenue 280,000

Salaries Expense (62,000)

Depreciation Expense (5,900)

Supplies Expense (14,000)

Insurance Expense (14,600)

Utilities Expense <u> (20,000) </u>

Net Income 163,500

Retained Earnings 11,500

Net Income 163,500

Dividends (22,000)

Ending RE 153,000

7 0

4 years ago

A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $

LuckyWell [14K]

Answer:

$ 925

Explanation:

Data provided:

Credit sales = $ 43,000

Collection of credits = $ 34,000

Amount written off = $ 675

Estimated uncollectible amount at the year end = $ 250

Now,

the bad debt expenses will be the total amount that has not be recovered back

i.e the amount written off + uncollectible amount

bad debt expenses = $ 675 + $ 250 = $ 925

3 0

4 years ago

Why MERCOSUR is trade diversion and what are the impacts of MERCOSUR on firm operations?

poizon [28]

Answer:

MERCOSUR may have made trade more difficult.

Explanation:

It is a trade divergence due to numerous reasons. It influences nations outside the association since they can't offer to those nations as effectively. The idea was to make a worker's union that would enable every nation to get off their feet and strengthen one another. Yet, it winded up harming one another and different nations for the reasons that it made the trade even more difficult than it was before. So, the impacts of MERCOSUR on firms operation are negative; it made trade more difficult, especially with other countries.

5 0

3 years ago

Sales mix is the relative combination of:

Jet001 [13]

Answer:

d. Products sold by a firm.

Explanation:

Combination of products sold in relation to total products sold by the firm.

A firm can have any number of products and the proportion of each product in relation to the total number of units sold of all products together is the sales mix. For example a firm with 2 products sells P1 4000 units and P2 6000 units the sales mix then would be P1 40% and P2 60%. Therefor option D) is the right choice and accurate definition of a sales mix.

Hope that helps.

4 0

3 years ago

If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was

Paraphin [41]

Calculation of amount of actual sales (dollars):

Step-1: Calculation of break-even in sales dollars:

Break-even in sales dollars = Fixed costs / (100%- Variable Cost %)

Break-even in sales dollars = 1875000 /(100%-80%)

Break-even in sales dollars = 1875000 /20%

Break-even in sales dollars = $9,375,000

Step-2: Calculation of actual sales:

Actual Sales = Break-even in sales dollars / (100% -Margin of safety %)

Actual Sales = 9375000 /(100%-20%)

Actual Sales = 9375000 /80%

Actual Sales = $11,718,750

Hence, the Amount of actual sales (dollars) is $11,718,750

6 0

4 years ago