Answer:
c. $165,000.
Explanation:
Gross profit $1,350,000
Selling and administrative expenses $480,000
Income from continuing operations before income tax $705,000
Income from continuing operations 495,000
Total Expenses = Gross Profit - Income from continuing operations before income tax
Total Expenses = $1,350,000 - $705,000 = $645,000
Other Expenses = Total Expenses - Selling and administrative expenses
Other Expenses = $645,00 - $480,000 = $165,000
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
Answer:
The firm should decrease the amount of capital used.
Explanation:
The wage rate is $12 per hour and capital is rented at $8 per hour.
The marginal product of labor is 60 units of output per hour and the marginal product of capital is 45 units of output per hour.
A manager hires labor and rents capital equipment in a very competitive market.
The ratio of marginal product of labor and wage rate
= 
= 5
The ratio of marginal product of capital and rent
= 
= 5.625
Since the ratio is greater for capital, it means that the manager should decrease the amount of capital used in the production process.
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
