Suppose you used the Copy and then the Paste command to copy the contents of cells A1 to cell B1,

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If

diamong [38]

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

5 0

2 years ago

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution marg

myrzilka [38]

Answer:

Break-even point (units)= 8,464 units

Explanation:

Giving the following information:

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution margins for Products A and B are $33 and $56, respectively. Corn has fixed costs of $328,000.

First, we need to calculate the proportion of sales:

Product A= 7,500/10,000= 0.75

Product B= 2,500/10,000= 0.25

Now, using the following formula, we can determine the break-even point in units:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 328,000/ (0.75*33 + 0.25*56)

Break-even point (units)= 328,000/38.75

Break-even point (units)= 8,464 units

8 0

3 years ago

Precision Camera Services started the year with total assets of $120,000 and total liabilities of $40,000. The company is a so

eimsori [14]

Answer:

$125,000

Explanation:

Opening values of;

Total assets = $120,000

Total liabilities = $40,000

Total equity = $120,000 - $40,000 = $80,000

During the year,

Total revenues = $140,000

Total expenses = $50,000

Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

= $45,000

This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the year = $80,000 + $45,000

= $125,000

3 0

3 years ago

Innovation in the sales process and methodologies within the sport industry have often been more advanced then those used in oth

kobusy [5.1K]

The answer for this statement would be TRUE. Innovation nowadays have been improving especially in the sports industry because the world wants to keep up with the latest advancements now in the field. Therefore, we could really see that it is more advanced than those used in other service industries.

4 0

3 years ago

. A poor credit score can result in:

myrzilka [38]

Answer:

- All of the above

Explanation:

This is the best answer for this question because a poor credit score can result in difficulty finding a job, renting an apartment, and obtaining credit in the future. I didn't see anything about higher interest charges, but one can logically conclude that that would also be affected

Hope this helps(:

3 0

3 years ago