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3 years ago

Bake Co.'s trial balance included the following at December 31, Year 1:

Business

1 answer:

Dafna1 [17]3 years ago

5 1

Answer:

B. $390,000

Explanation:

On December 31, 20X6, Bake's current liabilities equal $390,000. Accounts payable are current; the bonds payable, due in 20X7, will mature in the next 12 months are current (minus the discount on the bonds payable); and the deferred tax liability will reverse in the next 12 months and is also current. ($80,000 + $300,000 - 15,000 + $25,000 = $390,000).

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M and M, Inc. produces a product that has a variable cost of $4.90 per unit. The company's fixed costs are $37,200. The product

iragen [17]

Answer:

So the amount of sales needed will be $144000

Explanation:

We have given selling price per unit =$8

Variable cost per unit = $4.90

Contribution margin per unit = 8-4.90=$3.1

Contribution margin Ratio = $\frac{contribution\ margin}{sales}=\frac{3.1}{8}=0.3875$

Fixed costs = $37200

Target profit= $18600

Required Sales amount to earn the desired profit = $\frac{Fixed costs + Target net income}{Contribution Margin Ratio}$

$=\frac{37200+18600}{0.3875}=$144000$

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3 years ago

Ariana'a bank statement shows a closing balance of $125.18. There are no outstanding checks or deposits. Her checkbook shows a b

arlik [135]

The answer is ATM fee in the amount of $2.75 or C.

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3 years ago

Read 2 more answers

Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co

bezimeni [28]

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

Opening/beginning inventory plus purchases minus closing/ending inventory

To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

Cost of sales is $470,000

Purchases is $415,000

Ending inventory is $160,000

Therefore, beginning inventory at January 1, 2018 is

$470,000 - $415,000 + $160,000

=$215,000

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3 years ago

When Galaxy Ventures, a real estate company, entered the low-cost housing business, the market was already saturated with other

GenaCL600 [577]

Answer:

The answer is Late-mover disadvantages

Explanation:

A late mover is a company that enters a business some time after the business pioneers and early followers.

From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:

First of all, lack of customer loyalty and substantial dividends (from the question).
The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.
The pioneer can easily create entry barriers that a late-mover might find difficult to break.

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3 years ago

1) What are the three primary determinants of behavior in organizations?

scoray [572]

Answer:

The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.

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3 years ago