All categories

3 years ago

Scenario 2.02B

Business

1 answer:

KengaRu [80]3 years ago

6 0

Answer:

45.67%

Explanation:

The component percentage for total expenses is shown below:

Component percentage = (Total expenses ÷ Sales revenue) × 100

where,

Total expenses equal to

= Advertising Expense + Insurance expense + rent expense + supplies expense + utility expense

= $1,300 + $850 + $900 + $250 + $125

= $3,425

And, the sales revenue is $7,500

So, the component percentage is

= ($3,425 ÷ $7,500) × 100

= 45.67%

You might be interested in

Carla Vista Corp. has total current assets of $11,420,000, current liabilities of $4,354,000, and a quick ratio of 0.99. How muc

amid [387]

Answer:

Carla Vista Corp. has Inventory of $7,109,540

Explanation:

Carla Vista Corp. has current liabilities of $4,354,000, and a quick ratio of 0.99

The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = $4,354,000 x 0.99 = $4,310,460

Total current assets = (Cash & equivalents + Short Term investments + Accounts receivable) + Inventory

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $11,420,000 - $4,310,460 = $7,109,540

3 0

3 years ago

The accountants at Gamone Phones, a cell phone manufacturing company, discover that the firm has performed poorly over the last

siniylev [52]

Answer:

ethics in accounting

Explanation:

Ethics in accounting is a matter of both guidelines and principles. Specific standards are set by governing bodies and trade organizations who craft the rules of accounting, but personal values and professional ethics must guide accountants.

7 0

4 years ago

The work of your group would be better done in teams if the members of the team are ________.A) independentB) autonomousC) indiv

NeTakaya

Answer:

The correct answer to the following question is D, which is "Interdependent"

Explanation:

Because many of the people work in a team but that team does not a team or they are not a team member, if they work separately in a chamber, and meet your team folks only in the meeting, then u are not a real team. If we are not interdependent to our team members then we not really a team, we called a team or a team member only at that time, when we work interdependently.

so that's why it is important to work in a team and also work interdependently

7 0

3 years ago

The following are national income account data for a hypothetical economy g in billions of dollars: government purchases ($1,050

kirill115 [55]

Answer:

the GDP is $6,850 billion

Explanation:

The computation of the GDP for this economy is as follows:

GDP = Personal consumption expenditure + Government purchases + Gross private domestic investment + Exports- imports

= $4,800 + $1,050 + $1,130 + $240 - $370

= $6,850

hence, the GDP is $6,850 billion

5 0

3 years ago

Marigold Corp. has the following inventory data: July 1 Beginning Inventory 31 units at $16 $496 7 Purchases 109 units at $16 17

Mrac [35]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

July 1: Beginning Inventory 31 units at $16 $496

July 7: Purchases 109 units at $16 $1744

July 22: Purchases 16 units at $17 $272

A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand.

FIFO (first-in, first-out)

Units sold= (31 + 109 + 16) - 39= 117

COGS= 31*16 + 86*16= $1,872

7 0

3 years ago