Which of these businesses is in a partnership?

Selling. general, and administrative expenses were $80,000, net sales were $390,000, interest expense was $16.000: research and

elixir [45]

Answer:

The correct answer is C. US$ 30,000

Explanation:

1. What was the operating income for the period?

Operating income = Net sales - Cost of goods - Operational expenses

Operational expenses on this question are:

Selling. general, and administrative expenses
Interest expenses
Research and development expenses
Income tax expense

According to the information provided, we have then:

Operating income = 390,000 - 220,000 - 80,000 - 16,000 - 34,000 - 10,000

Operating income = 390,000 - 360,000

Operating income = 30,000

The correct answer is C. US$ 30,000

8 0

3 years ago

The graph shows the supply and demand curves for a certain product, which

nadya68 [22]

Answer:

A. The current selling price for the product is too low.

Explanation:

The ideal market price should be $400. This is the equilibrium point where demand matches supply. At the price of $400, buyers and suppliers will be happy to trade a quantity of 4000 units.

The prevailing price of $300 is too low. Suppliers should raise the price to the price $400 mark.

5 0

2 years ago

Read 2 more answers

"You are in the middle of a discussion with an institutional client over the phone, where you recommend that the client buy 100,

docker41 [41]

Answer:

The colleague has committed a violation because your customer's order could move the price of ABC stock

Explanation:

Front running is also called tailgating. It is a prohibited practice where a trader enters into a position security based on non-public information about a large trade that will influence the price of the security.

The trade is initiated to take advantage of the new price that the large trade will cause. The position is entered before the large trade occurs.

In this scenario your neighbour heard you telling your client to but 100,000 share of ABC. Because the transaction will influence the market he also tells his client to buy 10,000.

This is tailgating and it is a violation.

3 0

3 years ago

Weekly demand figures at Hot Pizza are as follows:

garri49 [273]

Answer:

MAD: 10.04, 11.53

MAPSE: 10% , 12%

MSE : 146.33, 178.72

Bias : -0.56 , -0.96

3-week moving average method is better

Explanation:

i ) Evaluate MAD ( average of absolute errors )

using 3 week moving average

= 10.04

using simple exponential smoothing

= 11.53

ii) MAPSE ( average of absolute percentage error )

using 3 week moving average

= 10%

using simple exponential smoothing

= 12%

iii) MSE ( average of Squared Errors )

3 week MV = 146.33 , Simple exponential smoothing = 178.72.

iv) Bias

3 week MV = -5/9 = -0.56, Simple exponential smoothing = -8.69/9 = -0.96.

v) TS ( Total error / MAD )

3 week MV = -5 / 10.04 = -0.49 ,

simple exponential smoothing = -8.69 / 11.53 = -0.75

b) I prefer 3-week moving average based on the values of MAD , MAPE, MSE, bias and TS which shows that there is a better estimate when using the 3 -weeks moving average.

Attached below is the Tabular calculations of the required parameters for the question

3 0

3 years ago

Sheldon Company began Year 1 with $1,600 in its supplies account. During the year, the company purchased $4,700 of supplies on a

Annette [7]

Answer:

$2700 supplies in hand

$3600 Supplies expense

Explanation:

As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings

WORKINGS

Supplies Expense = Opening + purchases - payment made

Supplies Expense = $1600 + $4700 - $2500

Supplies Expense = $3600

8 0

3 years ago