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Alinara [238K]
2 years ago
8

​DeShawn's Detailing is a service that details cars at the​ customers' homes or places of work.​ DeShawn's cost for a basic deta

iling package is​ $40, and he charges​ $75 for this service. For a total price of​ $90, DeShawn will also detail the​ car's engine, a service that adds an additional​ $20 to the total cost of the package. Should DeShawn continue to offer the engine detailing​ service?
Business
1 answer:
tensa zangetsu [6.8K]2 years ago
8 0

Answer:

DeShawn not take offer engine detailing service

Explanation:

given data

cost = $40

charges = $75

total price = $90

additional charges = $20

to find out

Should DeShawn continue offer

solution

we know here De shawn marginal benefit is

marginal benefit = total price - charges

marginal benefit = 90 - 75

marginal benefit = $15

and

we have given additional charges is $20

so

we see marginal cost here less than the marginal revenue

so DeShawn not take offer engine detailing service

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Answer:

C. Liabilities

Explanation:

Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.

Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It ​can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).

Mathematically, net worth is given by the formula;

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Total \; liabilities = Total \; assets - Owner's \; equity

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

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Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

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Which best describes the main role of the three major credit reporting agencies?.
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Brighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller believes that it will need to borr
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Answer:

Brighton, Inc.

a) Schedules Computing Inventory Budgets by months

a1) for Production:

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Beginning Inventory     120,000    100,000      120,000        120,000

Units Produced            500,000   500,000     500,000     1,500,000

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Raw materials required        125,000       125,000

Raw materials available        175,000       175,000

Beginning Inventory              58,000        50,000

Purchases                            117,000        125,000

Purchases value $4 per pound $468,000    $500,000

b) Projected Income Statement for May:

Net Sales                                                          $1,970,000

Cost of goods sold:

Finished Beginning Inventory $480,000

Cost of production                   1,460,000

less closing inventory                480,000       $1,460,000

Gross profit                                                        $510,000

Selling expenses                    $200,000

Administrative expenses          155,000         $355,000

Net Income                                                      $155,000

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less bad debts expense (0.5%) ($10,000)

Net Sales =                             $1,970,000

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Cost of raw materials used   $500,000

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Fixed overhead                       390,000

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