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3 years ago

Below are the account balances for Cowboy Law Firm at the end of December.

Business

1 answer:

drek231 [11]3 years ago

6 0

Answer:

Cowboy Law Firm

Income statement for the year ended December.

Service revenue 8,900

Less Expenses :

Salaries expense (2,000)

Utilities expense (1,100)

Net Income / (Loss) 5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

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When Fisher-Price comes up with an idea for a new toy, it needs to ensure that the children who play with the toy will not choke

Dmitriy789 [7]

Answer:

The correct answer is Product Development Stage.

Explanation:

If any of the changes are required to be incorporated in a design, the best point of attempting these changes is in the product design phase such that the considerations are included from the initial stage and the design effort is not wasted.

6 0

3 years ago

ABC Company owns 30% of the outstanding shares of Teal Company. At the beginning of the current year, the carrying value of Teal

BabaBlast [244]

Answer:

$69,000

Explanation:

Percentage of shares owned by ABC in Teal's company = 30%

This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.

Attributable income is the remaining income after dividends have been settled.

Workings

The opening carrying value of the shares on ABC balance sheet = 60,000

Profit made at the end of the period = 40,000

Dividends paid = 10,000

Attributable income to share holders = 40000-10000 = 30,000

ABC portion of attributable profit = 30000*30% = 9,000

Carrying value at the end of the year = opening carrying value + portion of the attributable profit

=60000+9000=69000

6 0

3 years ago

The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

Drupady [299]

True. Do not forget that the equilibrium quantity is found when the quantity demanded is equal to the quantity supplied, which must be where the two curves intersect.

4 0

3 years ago

Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fi

pashok25 [27]

Answer:

Explanation:

cost of making in-house

Variable cost = 1.95 * 65,000 = 126,750

Related fixed cost = 75,000

Unavoidable fixed cost= 62,000

Total cost of manufacturing = 263,750.

cost of buying

Unit cost = 3.25*65,000 = 211,250

Unavoidable fixed cost = 62,000

Total cost of buying = 273,250 .

Cost of buying is higher than the cost of making

Incremental cost buying = 273,250-263,250 = 9,500

Recommendation

Gilberto should manufacture in - house instead of buying.

4 0

3 years ago

At the heart of any marketing program is the firm's ________, its tangible offering to the market A. value B. strategy C. produc

Lelechka [254]

Answer: (C) Product

Explanation:

A marketing program is one of the type of business strategy in which the various types of activities are get performed for achieving the main objective of the business in an organization.

It is basically consist of the various types of plans, strategies and the activities in which the product of the company is promoted in the market.

The marketing programs plays an important in the business as it helps in establishing the good relationship with the customers where the products are offered in the market.

Therefore, the firm product is known as the heart of the marketing program that are tangible offer in the market.

6 0

3 years ago