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2 years ago

REFLECTION QUESTIONS

Business

1 answer:

telo118 [61]2 years ago

8 0

Answer:

Expenses must be close or above $2000 per month

Explanation:

For a business to operate at a profit, its revenues must exceed the expenses by a sizable proposition. Revenues refer to income from business activities, while expenses are the cost incurred in generating that income. Should the costs match or be higher than the revenue, a business will find it challenging to continue operating.

In this case, the business owner is generating revenues of $2000 per month. If he is struggling to stay open, it means the monthly expenses are around or above $2000. The $2000 that the business is generating per month is not sufficient to cater for all expenses and the desired profits. The business owner is probably making losses, and that why he is having trouble keeping the doors open.

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If you value outdoor recreation, which career might be good for you?

spin [16.1K]

You could be a coach of some sort or you could try to be a profesinal athlete or you could be a triner

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2 years ago

Read 2 more answers

A certificate of deposit allows deposits and withdrawals at any time without a financial penalty.

iogann1982 [59]

Although there is no question here, I am assuming that this is a True/False question because it is a False statement.

A certificate of deposit is an investment with a fixed interest rate for a fixed period of time. There are nearly always penalties for early withdrawal.

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2 years ago

1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing

AURORKA [14]

Answer: Hello your question is incomplete below is the complete question

answer :

1) attached below

2a) Increases by $25,176

Explanation:

1) Attached below is the contribution format income statement

<u>2a) Determine by how much the net operating income will change </u>

monthly advertising increment = $25,000

Assumed increase in division's sales = 16%

first step : determine increment in contribution margin of west division

= 313,600 * 0.16 = 50,176

change in net operating income = 50176 - monthly advert increment

= 50176 - 25,000 = $25,176 ( increases )

8 0

2 years ago

Dexter Industries purchased packaging equipment on January 8 for $116,600. The equipment was expected to have a useful life of t

Luden [163]

Answer:

Straight-line method: $36,667 yearly depreciation expense for 3 years.
Unit-of-production method: Year 1 - $47,850, Year 2 - $40,590, Year 3 - $21,560
Double-declining method: Year 1 - $77,737, Year 2 - $25,910, Year 3 - $6,353

Total for 3 years is $110,000 for all the depreciation methods.

Explanation:

(A) Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($116,600 - $6,600) / 3 years = $36,667 yearly depreciation expense.

Accumulated depreciation for 3 years is $36,667 x 3 years is $110,000.

(B) The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 8,700 hours = $47,850

At Year 2, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 7,380 hours = $40,590

At Year 3, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 3,920 hours = $21,560

Accumulated depreciation for 3 years is $47,850 +$40,590 + $21,560 = $110,000.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in Year 1.

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/3 years = 33.33%, then 33.33% multiplied by 2 to give 66.67% or 2/3

At Year 1, 66.67% X $116,600 = $77,737

At Year 2, 66.67% X $38,863 ($116,600 - $77,737) = $25,910

At Year 3, 66.67% X $12,953 ($38,863 - $25,910) = $8,636. This depreciation will decrease the book value of the asset below its salvage value $12,953 - $8,636 = $4,317 < $6,600. Depreciation will only be allowed up to the point where the book value = salvage value. Consequently the depreciation for Year 3 will be $6,353.

Accumulated depreciation for 3 years is $77,737 + $25,910 + $6,353 = $110,000.

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2 years ago

What is true about office friendships

Sveta_85 [38]

The truth about office friendships is:

Workplace cliques can cause horizontal disharmony.

Clique is a small group of people who share common interests and usually spend time together and do not readily allow others to join them.

Workplace cliques can cause horizontal disharmony because they are purposefully alienating others. People within a clique uses said clique to be their comfort zone. Thus, they do not extend effort to meet and cultivate new friendships nor exert effort to do better at work. Sometimes, they tend to pass up promotions or better benefits so that they will stay within their cliques and not deal with insecurities or feel vulnerable in facing situations that they are not comfortable with.

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2 years ago