All categories

3 years ago

MC Qu. 1-130 A company's financial records at the end.

Business

1 answer:

andrew11 [14]3 years ago

4 0

Answer:

$15,750

Explanation:

The computation of the net income is shown below:

Net income = Service revenue - wages expense - advertising expense - rent expense

= $43,250 - $9,500 - $6,500 - $11,500

= $15,750

We simply deduct all the expenses incurred from the service revenue so that the net income could come and the same is shown above i.e in the computation part

You might be interested in

How can you assist the ProServices team in serving Pro customers in your

horrorfan [7]

Answer:

<h2>ProServices Team and Pro Customers</h2>

Assisting the ProServices Team in serving Pro customers in my department. Here I have assumed that my department manages and coordinates the relationship with Pro customers:

A. Pull orders for Pro customers in advance and have them ready to pick-up

B. Call Pro customers to maintain relationships and proactively seek out business

C. Monitor inventory levels to make sure key Pro items are in-stock

D. Price match other retailers to give Pro the best price

E. Identify pro customers and introduce them to the ProServices team.

Explanation:

“Pro” customers are a group of independent contractors, repair remodelers, specialty tradesmen, property management, and facility maintenance professionals who are afflicted to an organization offering ProServices. They are not the end customers. Between my organization and the customers, they are middlemen and women who are organized by my ProServices organization to offer specialty services to the general public in a professional manner that guarantees customer satisfaction and payment to the professionals for services rendered. In doing this, the ProService organization charges the Pro customers a fixed fee, which is deducted from the payments made by the end-customers.

8 0

3 years ago

Assume that the following data characterize the hypothetical economy of Trance: money supply = $200 billion; quantity of money d

Oliga [24]

Answer:

a. What is the equilibrium interest rate in Trance?

The equilibrium interest rate is 6%, because it is the interest rate that brings the money supply and the money demand to equilibrium.

At 12% interest rate, the quantity of money demanded is 170 billion, while the money supply is 200 billion.

The quantity of moned demanded as an asset increases by 10 billion if the interest rate falls by two percentage points. Thus, if the interest rate falls 6 percentage points, the quantity of money demanded as an asset will increase by 30 billion, reaching 40 billion.

At this point, money demand is:

$160 billion (money demanded for transactions) + $40 billion (money demanded as an asset) = $200 billion.

Which is the same as the money supply.

b. At the equilibrium interest rate, what is the quantity of money supplied, the money demanded, the amount of money demanded for transaction, and the amount of money demanded as an asset in trace?

The quantity of money supplied is still 200 billion.

The quantity of money demanded is 200 billion.

The amount of money demanded for transactions is 160 billion.

And the amount of money demanded as an asset is 40 billion.

4 0

3 years ago

At year-end, the Circle City partnership has the following capital balances:

JulijaS [17]

Answer:

Explanation:

because it is the most money

7 0

3 years ago

Andrews Co. can purchase 20,000 units of Part XYZ from a supplier for $18 per part. Andrews' per unit manufacturing costs for 20

trapecia [35]

Answer:

The answer is: Continue to make — $60,000 advantage.

Explanation:

We have to compare the current total costs with the total costs of buying the parts from a supplier.

Current costs

total variable manufacturing $240,000
Supervisor's salary $60,000
Depreciation $20,000
<u>Allocated fixed overhead $140,000</u>
Total current cost: $460,000

Costs of buying the parts

total purchase price $360,000
Allocated fixed overhead $140,000
<u>Depreciation $20,000</u>
total costs for buying the parts $520,000

Since buying the parts from a supplier is $60,000 more expensive than continue manufacturing ($520,000 - $460,000), Andrews Co. should continue as it is.

3 0

3 years ago

Your firm is thinking about investing $250 comma 000 in the overhaul of a manufacturing cell in a lean environment. Revenues ar

tensa zangetsu [6.8K]

Answer:

Equivalent Annual Cost -$ 4,833.000

Explanation:

The equivalent annual cost is the equivalent cost per year to all the cost associate with the project. In this case, the manufacturing cell's overhaul

F0 250,000

cash flow per year:

36,000 revenue + 12,000 per year

cost outflow per year:

15,000 expenses + 7,500 per year

net:

21,000 inflow per year + 4,500 inflow per year

present value of an arithmetics annuity:

$(C+\frac{d}{r} + n.d) \frac{1-(1+r)^{-time} }{rate}-\frac{n.d}{r}$

C: 21,000

d: 4,500

r = Minimun accepter rate of return: 15%

time 9 years:

$(C+\frac{d}{r} + n.d) \frac{1-(1+r)^{-time} }{rate}-\frac{n.d}{r}$

$166,599.93

<u>present value of the salvage value:</u>

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 8,000.00

time 9.00

rate 0.15000

$\frac{8000}{(1 + 0.15)^{9} } = PV$

PV 2,274.10

present worth:

166,599.93 + 2,274.10 - 250,000 = -81,126

Now, to know the equivalent annual cost we calcualte the PMT of the present worth:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV -81,126

time 9

rate 0.15

$-81125.98 \div \frac{1-(1+0.15)^{-9} }{0.15} = C\\$

C -$ 4,833.000

8 0

3 years ago