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dimaraw [331]
3 years ago
8

Fill in the blank label in the above figure.

Business
1 answer:
djyliett [7]3 years ago
7 0

Answer:

C. Margin

Explanation:

I just took the PF test.

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During March, Adams Company had sales of $5,000,000, variable expenses of $3,000,000, and fixed expenses of $1,500,000. Assume t
ad-work [718]

Answer:

Option (c) is correct.

Explanation:

Variable cost as a percent of sales:  

= (Variable expenses ÷ Sales) × 100

= ($3,000,000 ÷ $5,000,000) × 100  

= 60%

If Sales = X

then Variable cost is 0.6X (i.e. 60% of Sales)

Sales - Variable cost - fixed expenses = net operating income

X - 0.6X - 1,500,000 = 300,000

0.4X = 300000 + 1500000 = 1800000

X = 1800000 ÷ 0.4

  = 4,500,000

4 0
3 years ago
During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr
Mariulka [41]

Answer:

$260000

Explanation:

$280k  purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

------------------------------

$20000 >> Cash balance

5 0
3 years ago
Why is it important to invest
Svetradugi [14.3K]

it's important to invest so you can have a better life once that thing you invested in makes you money and not all of them do so keep that in mind

3 0
3 years ago
A company's Cash account shows a balance of $5,600 at the end of the month. Comparing the company's Cash account with the monthl
Likurg_2 [28]

Answer:

cash               750 debit

     note receivable         510 credit

    NSF check                 240 credit

-- to record increases of cash from reconciliation --

bank fees expense    44 debit

                       cash                    44 credit

-- to record decreases of cash from reconciliation --

Explanation:

cash account     5,600

bank fees               (44)

NSF                        240

bank collected      510

adjusted cash:   6,306

We adjust based on the unknow information for the company like fees, collection and NFS found. we could also adjust for mistake but for this time, there isn't any.

5 0
3 years ago
A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab
Nata [24]

Answer:

$7,167

Explanation:

Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.

Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.

Given

Inventory = $1,378

Net fixed asset = $4,827

Accounts receivable = $664

Cash = $298

Total assets = $1,378 + $4,827 + $664 + $298

= $7,167

4 0
3 years ago
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