What reference is used to describe a township?

The following balances were taken from the books of Splish Corp. on December 31, 2017.Interest revenue $87,550 Accumulated depre

Karolina [17]

Answer:

Sales revenue 1,381,550

Sales discounts (46,550)

Sales returns and allowances (151,550)

net sales 1,183,450

Cost of goods sold (622,550)

gross profit 560,900

Admin and general expenses (98,550)

Selling expenses (195,550)

Operating Income: 266.800‬

Non-operating income:

Interest revenue 87,550

Interest expense (61,550)

Loss from earthquake

damage (151,550)

non-operating loss (125,550)

Income before taxes 141.250‬

income tax expense (34%) (48,025)

Net income 93,225‬

Explanation:

First, we calcualte net sales,

then the gross profit.

Then, the interest and earthquake will be disclosure separately as they are not operational result. Do not arise from the normal business operations.

Finally, the net income is determined after reducing the income tax expense

5 0

3 years ago

Wanda's financial advising firm wants to know the private client list held by a competing firm in town. Wanda sets up a meeting

skelet666 [1.2K]

Answer:

Yes, because the method by which Wanda discovered the trade secret is illegal according to trade secret law

Explanation:

In the case when wanda set up the meeting with an employye for the competitor firm and it download the list of the client at the time when the employee step away so here the trade secret law should be violated as the method that wanda discovered is that the trade secret should be illegal as per the law of the trade secret

8 0

3 years ago

Charging higher prices to residential customers than to industrial customers is an example of A. second-degree price discrimina

NikAS [45]

Answer:

The correct answer is D

Explanation:

Third Degree Price Discrimination is the kind of the discrimination, which occurs when the company charges a different price to the different groups of consumers.

For example, the movie cinema or theater might divide or categorize the moviegoers into children, seniors and adults, while each of them will pay a different price when watching the same movie.

So, in this case, that the residential customers are charged higher prices to industrial customers, which is an example of third degree price discrimination.

3 0

4 years ago

At the end of year X, automobile installment credit accounted for 36 percent of all outstanding consumer installment credit. At

EastWind [94]

Answer: C. 475

Explanation:

We are told that the $57 billion extended by automobile finance companies is 1/3 of the Automobile instalment credit.

Then to find the total Automobile Instalment credit we can use this figure as so,

We multiply 57 by 3 to get the full amount since 57 is a 1/3.

57 x 3 = $171 billion.

$171 billion is the AUTOMOBILE INSTALMENT CREDIT.

We are also told that the Automobile Instalment Credit is 36% of all outstanding Consumer Installment Credit.

To find that figure now we can use simple algebra. Say the Outstanding Consumer Instalment Credit is c.

Equation will be,

0.36(which is 36% in decimals)

0.36*c = 171

The equation shows that 36% of c is $171 billion so now we solve for c.

By dividing both sides by 0.36 we get,

c = 171/.36

c = 475

All OUTSTANDING CONSUMER INSTALLMENT CREDIT is $475 billion.

4 0

4 years ago

Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 35,000 units. The inventory on hand at the beginn

Charra [1.4K]

Answer:

BUDGETED PRODUCTION

Units

Budgeted sales 35,000

Add: Closing inventory 3,000

38,000

Less: Beginning inventory 5,000

Production budget 33,000

The options are incorrect. The correct answer is 33,000 units.

Explanation:

Production budget is budgeted sales plus closing inventory minus beginning inventory.

3 0

3 years ago