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wariber [46]
3 years ago
5

The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year Revenue $

72,618 $71,279 Operating expenses 68,083 66,109 Operating income $ 4,535 $ 5,170 a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: Revenue Operating expenses Operating income (For those boxes in which you must enter negative numbers use a minus sign.)
Business
1 answer:
Sliva [168]3 years ago
8 0

Answer:

1.88%  and $1,339

Explanation:

The computation of the amount of change revenue is shown below:-

Amount of change revenue = Recent year - prior year

= $72,618 - $71,279

= $1,339

Percentage of change revenue = (Recent year - prior year) ÷ Prior years

= ($72,618 - $71,279) ÷ $71,279

= $1,339 ÷ $71,279

= 1.88%

We simply applied the above formulas

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Gekko, Inc. reported the following balances (after adjustment) at the end of 2008 and 2007.
nevsk [136]

Answer:

Correct answer is D, P3,900

Explanation:

Begging Allowance for doubtful account is P1,500 (96,000 - 94,500). Ending balance of Allowance for doubtful account is P3,000 (P108,000 -P105,000). We can now work back the provision for doubtful accounts that the company has made during 2008.

Beginning P1,500

Add:

Collection of written off accounts 800

Total P2,300

Less:

Written off 3,200

Total (P900)

Therefore, in order for the company to have an ending inventory of P3,000, They must have set up a provision for doubtful accounts in the amount of P3,900. Attached herewith is the T-account of allowance for doubtful accounts

6 0
3 years ago
HURRY PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! When defining the issue for which a decision has to be made, fr
777dan777 [17]
The answer is (C) Helps point to a set of actions that should occur
8 0
3 years ago
Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 sha
Monica [59]

Answer :

Amount of dividend paid =$1,350

Explanation :

The computation is shown below:

As per the data given in the question,

Dividend per year for preferred stock = $1700 × $100 × 3.5%

= $5,950

Particulars                   Year 1          Year 2                  Year 3

Preferred dividend     $5,000         $6,200                $6,650

                                                                                 ($700+$5,950)

Preferred dividend in arrears $950  $700

                                     ($5,950-$5,000)  ($5,950+$950-$6,200)

Therefore dividends for common shareholders is

=  $8,000 - $6,650

= $1,350

4 0
3 years ago
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
harina [27]

Answer:

Productivity in sales revenue/labor expense = 4.01

Explanation:

We know,

<u>Productivity = Sales Revenue ÷ Labor Expense</u>

Again, we know

Sales revenue = Total number of units sold × Sales price per unit

Given,

units sold = 1,214

Sales price per unit = $1,697

Putting the values in the formula,

<em>Sales revenue = 1,214 × $1,697 = $2,060,158</em>

Labor Expense = Total labor hours × Wage rate per hour

Given,

Total labor hours = 46,675

Wage rate per hour = $11

Putting the values in the formula,

<em>Labor Expense = 46,675 hours × $11 = $513,425</em>

Therefore,

Productivity = $2,060,158 ÷ $513,425

Productivity = 4.01

8 0
3 years ago
A righteous moralist claims that a while operating in a host country, a multinational company should follow the ethical standard
forsale [732]
Answer is b. false indeed
5 0
3 years ago
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