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MissTica
2 years ago
5

Evan Engineering Group receives royalties on a technical manual written by two of its engineers and sold to a publishing company

. Royalties are 10% of net sales, receivable on October 1 for sales in January through June and on April 1 for sales in July through December of the prior year. Sales of the manual began in July 2015, and Evan accrued royalty revenue on $30,010 of sales at December 31, 2015. Evan received royalties of $2,613 on April 1, 2016. On October 1, 2016 Evan received royalties of $4,631. The 2nd half of 2016 sales were estimated to be $43,220 What is Evan's 2016 royalty revenue
Business
1 answer:
natta225 [31]2 years ago
5 0

Answer:

$8,565

Explanation:

Sales revenue of the year 2015 = $30,010

Accrued royalty revenue on December 31, 2015 = 30,010 x 10%

= $3,001

Evan received royalties of $2,613 on April 1, 2016.

Hence, royalty receivable for the year ended December 31, 2015 = 3,001- 2,613

= $388

On October 1, 2016, Evan received royalties of $4,631.

Thus, royalty received for the first half of the year 2016 = 4,631 - 388

= $4,243

The 2nd half of 2016 sales were estimated to be $43,220

Hence, royalty for the second half of the year 2016 = 43,220 x 10%

= $4,322

Evan's 2016 royalty revenue = Royalty revenue for the first half + Royalty revenue for the second half

= 4,243 + 4,322

= $8,565

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The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.

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The correct answer is letter "B": Centralization of authority.

Explanation:

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When stimulated by _____, arterioles supplying the digestive system ______, which decreases blood flow to digestive organs.
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6 0
9 months ago
Pine Corp. produces three products, and currently has a shortage of machine hours since one of its two machines is down. The sel
yulyashka [42]

Answer:

product B

Explanation:

The computation is shown below;

<u>Particulars           Product A          Product B             Product C </u>

Selling Price            $5.00                $3.00                  $5.00

Less: Variable cost per unit ($3.50)   ($2.00)               ($2.00)

Contribution per unit     $1.50               $1.00                $3.00

Machine hours per unit   0.75                 0.25                    1

Contribution per machine hour $2.00   $4.00            $3.00

                                         ($1.50 ÷ 0.75)  ($1.00 ÷ 0.25)   ($3.00 ÷ 1)

The product B should be produced as it has the highest contribution per machine hour

6 0
3 years ago
margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?
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Answer:

23

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800 * 5% * (7/12) = 23.333

dividing 7 by 12 coz there r 12 months in a year and she is paying for 7.

7 0
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