When receiving inventory, you should do which of the following?

Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. Th

fenix001 [56]

Answer:

Depreciation expense = 2,900

Explanation:

Our goal would be to construct the formula where depreciation expense is and then increase deepth until find something we can work:

$$$Revenue - Expenses = Net Income$

Expanding expenses we find depreciation expense

$$$Revenue - COGS - Admin Expense - Dep Expense = Income Before Taxes$

Here we don't Know Income Before taxes so we have to work that first

$$$Income Before Taxes x (1-tax rate) = Net Income$

Here we don't Know Net Income taxes so we have to work that first

$$$Net Income - Dividends = change in Retained Earnings$

Here we got the other component of the formula, so it is possible to solve for net income and from there achieve the answer

Net income = 2,810 + 700 = 3,510

Income before taxes = 3,510/0.65 = 5,400

37,800 - 23,200 - 6,300 - dep expense = 5,400

dep expense = 2,900

$\ $Net income = 2,810 + 700 = 3,510 \\Income before taxes = 3,510/0.65 = 5,400\\37,800 - 23,200 - 6,300 - dep expense = 5,400\\dep expense = 2,900$

7 0

4 years ago

The valuation of marketable securities on the balance sheet requires the securities on the balance sheet requires the separation

Zarrin [17]

Answer: True

Explanation:

The valuation of marketable securities on the balance sheet requires the securities on the balance sheet requires the separation of investment securities into three categories.

The categories are held to maturity which are the securities that are bought and then kept until they mature; the trading securities and then the securities that are available for sale.

5 0

3 years ago

I am not sure what to put on each line. I need help

Contact [7]

Since the question says you have $1,000 to spend or save you have to put what are the risks, advantages and disadvantages you might have with a,b,c and d

4 0

3 years ago

saul85 [17]

Answer:

The answer is below.

Explanation:

The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

$z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }$

a) Given that n = 100, μ = 2000, σ = 18

For x < 1995 millimeters:

$z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} } =-2.78$

From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027

b) P(z > z*) = 10% = 0.1

P(z < z*) = 1 - 0.1 = 0.9

z* = 1.28

$z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000 =-2.304\\\\x=2002.3\ ml\\\\$

From the normal distribution table, P(z < z

6 0

3 years ago

The current price of a turkey sandwich is $6. If kyle is currently buying five turkey sandwiches a week, he:_______

Vsevolod [243]

The utility is not maximized since the marginal utility gained from the fifth sandwich is greater.

In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.

In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or the service. It computes utility once the first product is consumed (the marginal amount).

Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.

To know more about utility click here:

brainly.com/question/24848038

#SPJ4

4 0

2 years ago