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olganol [36]
3 years ago
12

Cartersville Co. reports the following data:

Business
1 answer:
4vir4ik [10]3 years ago
6 0

Answer:

5.1(Approx)

Explanation:

Given that,

Sales = $787,100

Variable costs = (480,100)

Contribution margin = $307,000

Fixed costs = (246,800)

Operating income = $60,200

Operating leverage:

= Contribution margin ÷ Operating income

= $307,000 ÷ $60,200

= 5.1 (Approx).

Therefore, the operating leverage of Cartersville Co. is 5.1 (approx).

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Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was th
Gala2k [10]

Answer:

times-interest-earned ratio will be 3

So option (a) will be correct answer

Explanation:

We have given total sales = $400000

Operating expenses = $362500

And interest charges = $12500

So earning before interest and taxes = sales - operating cost = $400000 - $362500 = $37500

We have to find the times-interest-earned ratio

So times-interest-earned ratio is given by

times-interest-earned ratio = \frac{earning\ before\ interest\ and\ taxes}{interest\ expense}=\frac{37500}{12500}=3

So option (A) will be correct option

7 0
4 years ago
Bourne Inc., a calendar-year end company, had the following select account balances from its unadjusted trial balance at 11/30/1
Keith_Richards [23]

Answer:

                        Bourne Inc.

                     Journal entries

Date    Account Name           Debit       Credit

1-Dec   Supplies                   $2,000

                  Accounts Payable                $2,000

1-Dec    Cash                         $6,000

                  Deferred Revenue                $6,000

1-Dec     Land                          $40,000

                    Notes Payable                     $40,000

15-Dec    Accounts Payable    $2,000

                     Cash                                      $2,000

                           Adjusting entries

Date        Account Name            Debit        Credit

31-Dec     Supplies expense       $1,900

                ($700 + $2,000 - $800)

                       Supplies                                 $1,900

31-Dec     Deferred Revenue        $1,000

                ($6,000/6)

                         Service Revenue                 $1,000

31-Dec      Interest expense           $400

                 ($40,000*12%* 1/12)

                       Interest Payable                      $400

8 0
3 years ago
At every point on a demand curve, the height of the demand curve indicates: A. the minimum price the consumer is willing to pay
Law Incorporation [45]

Answer:D

Explanation:

5 0
3 years ago
Which approach describes how leaders act?
emmainna [20.7K]

Answer:

d. Behavioral

Explanation:

Behavioral approach defines how a leader interact with its followers. It also includes the actions of a leader towards its followers.

In behavioral approach to leadership, anyone can become a leader if they want to, but such leader trainings and observations for effective leadership. The behavioral approach centers on interpersonal relationship between a leader and its followers. There is also an aspect of behavioral approach - task behavior which focuses on workers achieving set targets at workplace while relationship behavior help workers feel safe and comfortable by their leaders in their place of work.

4 0
3 years ago
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were
Inessa [10]

Answer:

$484.11

Explanation:

Calculation to determine How much money does Bridget have in her checking account?

Previous balance of $181.36

Add Total deposits $475.00

Less Total checks written $165.25

Less service charge $7.00

Checking account balance $484.11

Therefore How much money does Bridget have in her checking account is $484.11

8 0
3 years ago
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