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nika2105 [10]
3 years ago
15

In a recent year, sherwood day corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax e

xpense of $30,000. what was day corporation's times interest earned for the year?
Business
1 answer:
Kipish [7]3 years ago
8 0
The interest earned by the Sherwood Day Corporation is calculated by subtracting from the net income all the expenses including the interest expense and the tax expense. Mathematically,
                    interest earned = $200,000 - ($40,000 + $30,000)
                                                = $130,000
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Barnett Corporation uses the weighted-average method in its process costing system. The
Nimfa-mama [501]

Answer:

a. 18,000

b. $5.10

Explanation:

<u>Calculation of the total equivalent units of production for materials</u>

Units of Closing Work In Process  (6,000× 100%) =  6,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 18,000

<u>Calculation of the total equivalent units of production for conversion</u>

Units of Closing Work In Process  (6,000 × 50%) =  3,000

Units completed and transferred (12,000× 100%) = 12,000

Total                                                                          = 15,000

<u>Calculation of Total Cost of Materials</u>

Work in process                      $13,800

Costs added during May       $42,000

Total                                        $55,800

<u>Calculation of Total Cost of Conversion</u>

Work in process                       $ 3,740

Costs added during May       $26,260

Total                                        $30,000

<u>Calculation of total cost per equivalent unit for May</u>

Materials ($55,800/18,000)       = $3.10

Conversion ( $30,000/15,000)  = $2.00

Total                                             = $5.10

3 0
3 years ago
True or False : When using list pricing , list the priciest items first
andrey2020 [161]

Answer:

true

Explanation:

items first before listing the price

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2 years ago
on holiday weekends thousands of people picnic in state parks. some picnic areas become so overcrowded the benefit or value of p
tekilochka [14]

Answer:

a. tragedy of the commons

Explanation:

Based on the scenario being described within the question it can be said that the fee system corrects a problem known as the tragedy of the commons. This term describes a specific situation in a shared-resource system in which individuals go against the common good by depleting the shared resources through their collective actions in order to benefit their own self-interests.

8 0
3 years ago
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garri49 [273]

Answer:

see below

Explanation:

Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients.  For a business to be profitable, its revenues must exceed expenses.

If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.

When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.

7 0
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Which of the following categories of persons are usually notentitled to healthcare at the government's expense?
Alika [10]

Answer:

The correct answer is letter "A": Suspects who are being questioned by police.

Explanation:

Suspects of a crime are people who the police believe guilty of an offense based on information they have gathered that may prove that people are at fault, yet, guilt has not been proven. During a questionnaire, suspects are not the responsibility of the government. Then, in front of any medical issue caused during the interview, the suspect will have to handle the coverage of the assistance expense with <em>his or her insurance</em>.

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3 years ago
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