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Shkiper50 [21]
3 years ago
9

Top Kitchens handles 17% of all the kitchen production in the area for new construction. It is estimated that the cost of kitche

ns is 14% of the total cost of constructing a new house. New home construction in the area for the next year is estimated to total $32 million. What sales volume can Top Kitchens expect next year?
Business
2 answers:
Montano1993 [528]3 years ago
7 0

Answer:

$761,600

Explanation:

The expected sales volume is calculated using the 17% portion of the estimated cost of kitchen (14%) of the new house construction

Cost of new home for next year - $32,000,000

Estimated cost of the kitchen - 14%* $32,000,000=$4,480,000

Expected sales volume = 17%* $4,480,000 = $761,600

Alik [6]3 years ago
3 0

Answer:

$761600

Explanation:

32000000× ( 17÷100 )× ( 14÷100 )

32000000×0.17×0.14

= $761600

The sales volume for next year shall be $761600

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Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of
ANEK [815]

Answer:

Total estimated bad debts = $9,400

Explanation:

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0-30                           $77,000              1           $770

31-60                          $46,000              4         $1,840

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over 120                      $15,000               20       $3,000

Total                            200,000                          $9,400                      

4 0
3 years ago
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A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is re
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A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is referred to as an opinion leader.

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4 0
2 years ago
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities occurred: Kirk Corporati
nadya68 [22]

Answer:

$428,000

Explanation:

The only movement that impact the total assets it's:

Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days.

Due to the equipment was finance by the supplier by 60 days it has a positive impact on assets and liabilities.

The others transactions:

  • Kirk Corporation purchased $1,750 of supplies for cash, it has no impact because the supplies was paid with cash, so the impact on assets is zero.
  • The land had cost $7,500 and it was sold for $7,500 cash.  The land it's a long term assets that was sold for cash, so it was converted to current assets in money.
  • Kirk Corporation signed an agreement, the impact it's in the next month, so it has no impact the current month analized.
3 0
4 years ago
Hi-Tek is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share divi
ziro4ka [17]

Answer:

Option (a) is correct.

Explanation:

Given that,

Dividend pay in year 7, D7 = $2 per share

Growth rate of dividend, g = 2.2 percent per year

Required return, ke = 16 percent

Present value of the future dividend at year 6:

= D7 ÷ (ke - g)

= $2 ÷ (0.16 - 0.022)

= $14.49

Therefore, the present value of dividend now is as follows;

= Present value of the future dividend at year 6 × (1 + ke)^{-6}

= $14.49 × (1 + 0.16)^{-6}

= $5.95

5 0
3 years ago
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