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Nostrana [21]
3 years ago
10

Dash Plumbing is an established company with 12 employees and a small office in the suburbs of Atlanta. The company had an old c

opier that was breaking down often, to the dismay of the staff, and it had the resources to buy a new one. Which best describes this situation
Business
1 answer:
olganol [36]3 years ago
7 0

Answer:

The people at dash plumbing are in the market for a new copier

Explanation:

Since in the question it is mentioned that Dash publishing is an established company that has 12 employees and has a small office in Atlanta. Also the old copier breaks down and the resources to purchase

So the given situation represent that the dash plumbing people come in the market for a new copier and the same is to be considered

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Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workwee
juin [17]

Answer:

                                  Dr.         Cr.

Salaries Expense   $8,000

Salaries payable                   $8,000

Explanation:

Four days of the week passed until December 31. So, the accrued expense will be as follow:

Payroll for 5 days = $10,000

Payroll for 1 days = $10,000 / 5  = $2,000

Payroll for 4 days = $2,000 x 4  = $8,000

Accrued Expense of $8,000 should be recorded and a liability will be made against this expense as payment has not been made.

5 0
3 years ago
Compute and interpret the contribution margin ratio using the following data: sales, $5,000; total variable cost, $3,000.Interpr
Dmitriy789 [7]

Answer:

0.4 or 40%

Explanation:

The formula for Contribution Margin Ratio is:

[TS - TVC] / TS

Where TS = Total Sales

TVC = Total Variable Cost

Applying the formula,

[5,000 - 3,000] / 5,000  = 2000/5000  = 0.4

Turning this value to a percentage, 0.4 × 100 = 40%

The interpretation of this is that for every item sold, 40% of the sales price is available to cover fixed costs.

Remember: The addition of fixed cost to variable cost = total cost

7 0
2 years ago
The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. Therefore, we ca
Svetach [21]

Answer:

Therefore, we can conclude that:

the marginal product of the third worker is 9.

Explanation:

a) Data and Calculations:

The productivity of first worker = 24

Increase in productivity from second worker = 18

Increase in productivity from third worker = 9

b) The marginal product or productivity of a worker shows the increase in productivity as a result of hiring an additional worker.  To obtain the marginal product, we first calculate the change in output as a result of the change in the input of the particular resource.  Then, this change in output is the marginal product.

3 0
2 years ago
Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex
kirill115 [55]

Answer:

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

Explanation:

1          Santos Corporation

         Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold <u>$960,000</u>

Gross Profit                      <u>$540,000</u>

Less: Operating expenses<u> 160,000 </u>

Income from operations    <u>380,000</u>

2          Santos Corporation

             Income statement

For the year ended December 31, 2020

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

5 0
3 years ago
The aggregate supply of labor is the A) total amount of time a person works over his or her lifetime. B) total amount of time a
Nataly_w [17]

Answer:

D) sum of the labor supplied by everyone in the economy.

Explanation:

Aggregate supply of labour is a measure of total number of people that are working and recoevong wages in am economy per unit time. It is not the total population in am economy. It is the number of hours employees are willing to work in a given period of time. For example workers may generally be willing to work for 40 hours per week. There will be a general decline in aggregate supply of labor for instance if total number of hours reduces to 20 hours per week.

8 0
3 years ago
Read 2 more answers
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