1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shusha [124]
3 years ago
11

Gerard Company reported sales of $300,000 for 201 0; $330,000 for 2011; and $360,000 for 2012. If the company uses 2010 as the b

ase year, what were the percentage increases for 2011 and 2012 compared to the base year
Business
1 answer:
nevsk [136]3 years ago
5 0

Answer:

%variation 2011= 10%

%variation 2012= 20%

Explanation:

Giving the following information:

Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.

The percentual variation is calculated by the following formula:

%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100

%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%

%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%

You might be interested in
Prepare a statement of revenues, expenses, and changes in fund net position. The net position balance at the beginning of the pe
Len [333]

Complete Question:

The Town of Elizabeth operates the old train station as an enterprise fund. The train station is on the national register of historic buildings.  Since the town has held the building for such a long time, the Central Station Fund has no long-term debt.  The only capital assets recorded by the Central Station Fund are machinery and equipment.  Businesses rent space in the building and the town provides all services related to the operation and maintenance of the building.  Following is information related to the fund's 2017 operating activities:

1. Rental income of $94,444 was accrued.  Subsequently, cash in the amount of $90,210 was received on accounts.

2. Cash expenses for the period included: administrative services, $25,205; maintenance and repairs, $72,882; supplies and materials, $7,792 and utilities $30,124.

3. The Central Station Fund received a $60,000 transfer of funds from the General Fund.

4. Adjustments were made for depreciation ($3,519) and for uncollectible accounts ($667).

5. At the end of the period, nominal accounts were closed.

Required: (b only)

Prepare a statement of revenues, expenses, and changes in fund net position. The net position balance at the beginning of the period was $60,129.

Answer:

The Central Station Enterprise Fund

Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 20XX:

Rental Income                   $90,210

Expenses:

Administrative services    25,205

Maintenance & Repairs    72,882

Supplies & Material             7,792

Utilities                               30,134

Total Expenses              $136,193

Excess Expenses            (45,983)

Transfer from

 General Funds              60,000

Beginning balance           60,129

Ending Balance              $74,146

Explanation:

The Central Station Enterprise Fund's statement of revenues, expenses, and changes in fund balances is the governmental funds' income statement.  It tracks the inflow and outflow of resources.  The statement does not only report revenues and expenses, it also reports inflows and outflows of resources like the transfer of funds received from the General Fund, including the beginning fund balance.  Together, these will result to an ending fund balance.

8 0
3 years ago
What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agen
ElenaW [278]
I am positive it is D

Good luck!
6 0
3 years ago
Which of the following is added to net income to reconcile to cash from operations?
skad [1K]

Answer:

E. None of the above

Explanation:

The only two accounts that you must add to net income are the amortization and depreciation

In order to reconcile net income to cash from operations the Amortization and Depreciation must be added to Net Income.

Why? because These accounts: Amortization and Depreciation are not cash accounts. This means that the figures in amortization and Depreciation are not actual outflows of cash but just a bookkeeping figure.  

7 0
3 years ago
American Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 9.25%, t
mezya [45]

Answer:

7.71%

Explanation:

Calculation to determine the bond's nominal coupon interest rate

First step is to determine the PMT using Financial calculator

FV = $1,000

N= 25 × 2 = 50 periods ( semi-annual)

i/y=9.25/2=4.63

PV= - 850

PMT=?

Hence,

PMT=38.55

Second step is to calculate the Annual coupon Payment

Annual coupon Payment =38.55x2

Annual coupon Payement= 77.10

Now let determine the bond's nominal coupon interest rate using this formula

Nominal coupon rate= Annual coupon payment/par value

Let plug in the formula

Nominal coupon rate=77.10/1000

Nominal coupon rate=7.71%

Therefore the bond's nominal coupon interest rate is 7.71%

7 0
3 years ago
Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.
baherus [9]

Answer with Explanation:

Following are some types of account investments that are better for emergency funds and the return on these investment varies depending upon the risk born by the investors:

  • Current Account Investments
  • Commodity Investments
  • Mutual Funds

If the inflation rate is below the return paid on the current account then it could be a better investment option as the money doesn't loose its value over time.

If the inflation rate is higher than the return paid on the current account then it is better to invest in commodities like gold, petroleum products, etc, that are often termed as speculative investments.

If the investor is risk seeking person, then it is better to invest in mutual funds as the return on such investments is higher because of the higher risk that the investor bears.

6 0
3 years ago
Other questions:
  • Select all that apply. personal values for working include: feelings of accomplishment pride in effort global economy satisfacti
    6·2 answers
  • The "Got Milk" campaign was intended to boost sagging milk consumption among Californians in the 1990s. The campaign ads highlig
    10·1 answer
  • Can someone please help me?????
    8·1 answer
  • Linger Products uses a two-stage allocation method to assign costs to its products. The following information has been provided
    8·1 answer
  • Razak's, a popular chain of fast-food restaurants in the Middle East, plans to expand its market in Asia and signs a contract wi
    9·1 answer
  • Tate Industries stock is selling for $20 a share. You would like to purchase as many shares of this stock as you can. Your margi
    15·1 answer
  • Item1 1 points eBookAskReferencesItem 1 TB MC Qu. 06-91 The following information... The following information is taken from Rea
    8·1 answer
  • For every problem-solving activity it is crucial that no less than five alternatives be considered.
    11·1 answer
  • Identify three types of customers that a business serves.
    8·1 answer
  • For kodak film inc. , the advent of digital technology can best be described as what type of innovation?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!