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3 years ago

What is the primary reason why coffee shops are flocking to China?

1 answer:

7 0

Answer: even Chinese people like coffee so the people get coffee while the businesses selling the coffee get the money. Both sides are getting what they want.

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the observation that a country reached automotive production overcapacity in 2018, is an aspect of the segment of the general en

rodikova [14]

The observation that a country reached automotive production overcapacity in 2018, is an aspect of the global segment of the general environment

<h3>What an environment</h3>

An environment includes everything that makes up the earth. This include people, animals, plant, economy, business, culture etc. They all have a role to play in the day to day activities and how an individual act and react.

The global segment of environment is the aspect that affects all countries and people.

Therefore, the observation that a country reached automotive production overcapacity in 2018, is an aspect of the segment of the general environment

Learn more on environment below

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5 0

2 years ago

Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of

Bess [88]

Answer:

This implies Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

Explanation:

The accounts receivable turnover ratio refers to an accounting ratio that is used to show the how effective a firm is in collecting the receivables or money its clients are owing it.

This implies that accounts receivable turnover ratio is used to determine the extent to which a firm ie effectively managing the credit it gives to customers and how quickly the firm collects that that short-term debt.

The formula for calculating the accounts receivable turnover ratio is as follows:

Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

When the accounts receivable turnover ratio is high, it implies that the company is efficient is collecting debt and a high percentage of its cutomers are paying up their debts.

The account receivable turnover ratios in the question therefore imply Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

3 0

4 years ago

Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 pe

umka21 [38]

Answer:

50%

Explanation:

Given: Selling price= $120 per unit.

Variable cost= $60 per unit.

First computing contribution margin.

Contribution margin= $Selling\ price\ per\ unit - variable\ cost\ per\ unit$

⇒ Contribution margin= $\$120 - \$ 60$

∴ Contribution margin= $\$ 60$

Now, calculating the contribution margin ratio.

Contribution margin ratio= $\frac{Contribution\ margin}{selling\ price\ per\ unit}$

⇒ Contribution margin ratio= $\frac{\$ 60}{\$ 120} \times 100$

∴ Contribution margin ratio= $50\%$

Hence, the product´s contribution ratio is 50%.

7 0

3 years ago

A company has retained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,00

GREYUIT [131]

Answer:

$46,000.

Explanation:

To know the retained earnings at the end of 2015, we first need to calculate how much dividend the company will pay to its shareholders then add up the net income in 2015 to the remaining of retained earning at the end of 2014 (after paying 2014's dividend at Mar 2015) to get retained earnings at the end of 2015.

Total dividend in on Mar 2015 = 0.7 x 100,000 = 70,000

Retained Earning at the end of 2015 = 94,000 - 70,000 + 22,000 = 46,000.

5 0

4 years ago

Fair Value Journal Entries, Trading Investments Jets Bancorp Inc. purchased a portfolio of trading securities during 20Y3. The c

Inessa05 [86]

Answer:

Trading Investments Jets Bancorp Inc.

Journal Entries - Fair Value:

Dec. 31, 20Y3:

Debit Credit

Investment in Dolphins Inc. $3,200

Gain (Loss) on Investments $3,200

To record the investment's fair value and gain.

Gain (Loss) on Investments $4,200

Investment in Marino Company $4,200

To record the investment's fair value and loss.

Gain (Loss) on Investments $1,200

Investment in Namath Company $1,200

To record the investment's fair value and loss.

May 10, 20Y4:

Investment in Jets Bancorp Inc $24,000

Brokerage Commission $150

Cash Account $24,150

To record purchase of 1,000 shares at $24 per share plus commission.

Explanation:

a) Trading securities are a category of securities that include both debt securities and equity securities. An entity holds them with the intention to sell in the short-term for a profit that arises from increases in the prices of the securities.

b) Fair value is an asset's selling price, which is freely agreed upon between a willing and knowledgeable buyer and seller. But, for Debt Securities, it represents the market value of the investments at any point in time when financial statements are being prepared. Investments that are held for trading purposes are required to be accounted for, using the fair value method. This implies that the gains and losses, both realized and unrealized must be accounted for whenever financial statements are bing prepared or when the investment is disposed of.

3 0

4 years ago