Answer:
The company's net income for the month was $27 comma 000
Explanation:
Net income = Total Sales - total expense
During the month of May,
Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000
The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.
The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000
Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000
The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.
Net income = $60,000 - $33,000 = $27,000
Answer:
(c) MUa/Pa = MUb/Pb
Explanation:
The Utility Maximization Rule is
MUa/Pa = MUb/Pb, where MUa represents the marginal utility derived from good a, Pa represents the price of good a, MUb represents the marginal utility of good b and Pb represents the price of good b.
Answer:
Inventory turnover = 9.45
Explanation:
Inventory turnover is defined as the ratio between Cost of good sold and average inventory.
Average inventory is defined as follows, where BI = Beginning merchandise inventory and EI = Ending merchandise inventory:
then:
I think they are all benefits of implementing computerized medical records.
Answer: 8 hours
Using only three activity time estimations, the expected time for this job can be estimated using a mean or a median. If we use the mean, we add 3 estimates ((6,8 and (16+8)) and divide the sum by 3 (equals 13). If we use the median, expected time is 8 hours. In this case, where have extreme estimates, it is better to use the median, the number halfway in to the set which is 8.
