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nekit [7.7K]
3 years ago
15

The records for Sandhill Inc. showed the following for 2020: Jan. 1 Dec. 31 Accrued expenses $1,200 $2,100 Prepaid expenses 630

850 Cash paid during the year for expenses, $49,850 Calculate the amount of expense that should be reported on the income statement.
Business
1 answer:
salantis [7]3 years ago
7 0

Answer:

$50,530

Explanation:

The computation of the amount of expenses reported on the income statement is shown below:

= Cash paid - Opening balance of  accrued expenses + Closing balance  accrued expenses + Opening balance of prepaid expenses - Closing balance of prepaid expenses

= $49,850 - $1,200 + $2,100 + $630 - $850

= $50,530

We added the ending balance of accrued expenses and opening balance of prepaid expenses while deducting the ending balance of accrued expenses and closing balance of prepaid expenses

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New Town Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable
SOVA2 [1]

Answer:

  • What is the sales revenue under the worst-case scenario?

$ 125,032

Explanation:

Initial Escenario

TOTAL     Income Statement Unit   Quantity

$ 1,035,200 Total Net Sales       $ 647  1.600  

-$ 352,000 Variable Cost          $ 220  

-$ 64,000 Depreciation Expenses  

$ 619,200 Contributing Margin  

-$ 438,000 Anual Fixed Costs  

$ 181,200 Segment Margin  

Worst Case Escenario

Quantity fall 3% from 1,600 to 1,552

Price Fall 2% from $647 to $634

Variable Cost Increase 2% from $220 to $224

Anual Fixed Cost Increase 2% from $438,000 to $446,760

Depreciation Expenses maintained at the same level.

TOTAL Income Statement Unit Quantity

$ 984,061 Total Net Sales $ 634  1.552  

-$ 348,269 Variable Cost         $ 224  

-$ 64,000 Depreciation Expenses  

$ 571,792 Contributing Margin  

-$ 446,760 Anual Fixed Costs  

$ 125,032 Segment Margin  

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3 years ago
He loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)
ladessa [460]

Answer:

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3 0
3 years ago
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Morrow City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. Wi
JulsSmile [24]

Answer:

Operating profit is projected to be $35,100

Explanation:

                 Morrow City International

Analysis of the Current and Projected demand to determine the Operating Profit

Particulars         Current       Projected     Changes in

                           Demand      Demand       Demand        

Selling price          $8.50           $9.25            0.75

Less: Cost Price    $5.80           $5.80            0

Contribution           $2.7             $3.45            0.75

Margin

Unit Sold                <u>79,000        72,000        -7000</u>

Total                       $213,300     $248,400   $35,100

Contribution

Note: Total contribution = Unit sold * Contribution margin

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3 years ago
Clam gulch is a very popular clamming beach in alaska. on good low tides, clammers can easily gather 60 clams (the state limit).
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The way economists would probably explain the wastage of this clam resource is by saying that clams are free goods and are therefore subject to the tragedy of the commons effect. The tragedy of the commons effect is a theory in economics, postulated by the Victorian economist William Forster Lloyd.


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Explain the reasons why risk management might increase the value of a corporation?
vlada-n [284]

Explanation:

Risk management is to increase a firm ’s profitability;

(1) Raise all use of borrowing by them.

(2) Preserve their optimum budget for resources in accordance.

(3) Reduce potential distress-related expenses.

(4) Make use of their comparable liquidity advantages compared to the individual's liquidity capacity.

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