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4 years ago

Hall Corporation reported the following operating results for two consecutive years.

Business

1 answer:

Strike441 [17]4 years ago

3 0

Answer:

2014 2013 %CHANGE

SALE 1297000 1001000 29.6%

COGS 797655 600600 32.8%

Gross margin 499345 400400 24.7%

operating expenses 302000 198000 52.5%

Income before tax 197345 202400 -2.5%

taxes 61400 52600 16.7%

Net income 135945 149800 -9.2%

Explanation:

%change = (2014 - 2013)/2013

2014 and 2013 represent each line item in the income statement

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The crawford company has 3,000 units in beginning finished goods. the sales budget shows expected sales to be 12,000 units. if t

Olenka [21]

Formula: Finished Goods Inventory Beginning - Sales in units + Produced units= Ending Inventory

3000-12000+14000= 5000 Ending finished goods inventory in units
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3 years ago

A young college student was making a purchase at her local department store. The clerk suggested that she would get an additiona

zloy xaker [14]

Answer: a. Reports indicate that students are particularly vulnerable to these tactics. If you fail to pay off the balance, you end up paying much more than the original purchase price for your items.

Explanation:

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3 years ago

With a newspaper headline suggesting additional health benefits from eating apples, based on the change in demand in the apple m

Fofino [41]

We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.

<h3>What is change in demand?</h3>

Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.

We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.

Learn more about change in demand on brainly.com/question/4371942

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2 years ago

On October 1, 2021, Blue Corp. issued $744,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay i

Luda [366]

Answer:

Blue Corp.

Journal Entry

Date Account Titles and Explanation Debit Credit

Oct. 1, 2021 Cash $744,000

Bonds Liability $744,000

To record the issuance of the 7%, 10-year bonds at face value.

Explanation:

a) Data and Analysis:

Face value of 7%, 10-year bonds = $744,000

Bonds issue = at face value

Issue date = October 1, 2021

Interest payment = annual

Interest payment date = October 1

Annual interest payment = $52,080 ($744,000 * 7%)

Records on December 31, 2021:

Accrual of interest for the year:

Interest Expense $13,020

Interest payable $13,020

To accrue interest for 3 months.

Records on October 1, 2022:

Interest Expense $39,060

Interest payable $13,020

Cash $52,080

To record the interest payment.

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3 years ago

Discuss and highlight the main features of a Bill of Lading, types of Bill of Lading, and the purpose, usefulness and limitation

drek231 [11]

A bill of lading (/ˈleɪdɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.[1] Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise.[2] The other two documents are a policy of insurance and an invoice.[3] Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. In international trade outside the United States, bills of lading are distinct from waybills in that the latter are not transferable and do not confer title. Nevertheless, the UK Carriage of Goods by Sea Act 1992 grants "all rights of suit under the contract of carriage" to the lawful holder of a bill of lading, or to the consignee under a sea waybill or a ship's delivery order.

Bill of lading

A bill of lading must be transferable,[4][5] and serves three main functions:

it is a conclusive receipt,[6] i.e. an acknowledgement that the goods have been loaded;[7] and

it contains or evidences[8] the terms of the contract of carriage; and

it serves as a document of title to the goods,[9] subject to the nemo dat rule.

Typical export transaction use Incoterms terms such as CIF, FOB or FAS, requiring the exporter/shipper to deliver the goods to the ship, whether onboard or alongside. Nevertheless, the loading itself will usually be done by the carrier himself or by a third party stevedore.

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3 years ago