I would say that wedgemans is trying to meet employees needs for development of their knowledge and for in this case the privilege of going to learn about the types of cheeses and perhaps their making in another country which is an additional benefit and which will most likely encourage the employees to work more effectively and with more interest in their work.
Pharrell, inc., has sales of $593,000, costs of $265,000, depreciation expense of $67,000, interest expense of $34,000, and a ta
Rzqust [24]
The income statement begins with revenues and subtracts
costs to arrive at Earnings before Interest and Taxes (EBIT).
We then subtract out interest to get taxable income, and
then subtract taxes to arrive at net income. Doing so, we get:
Income statement
Sales $593000
Costs (265000)
Depreciation (67000)
--------------------------
EBIT $261000
Interest (34000)
--------------------------
Taxable income $227000
Taxes (35%) (79450)
--------------------------
Net income $147550
The dividends paid plus the addition to retained earnings
must equal net income, so:
Net income = Dividends + Addition to retained earnings
$147550 = $40,000 + Addition to retained earnings
Addition to retained earnings = $147550– 40,000
Addition to retained earnings = $107550
Answer:
divide the total number of finished products by the total number of direct labor hours needed to produce them. For example, if it takes 100 hours to produce 1,000 items, 1 hour is needed to produce 10 products and 0.1 hours to produce 1 unit.
Explanation:
Answer:
The answer is: Ashley needs to collect information from the budgeted income statement, cash budget and capital expenditure budget.
Explanation:
The budgeted income statement is the forecast of next year's income statement.
The cash budget includes all the company's expected cash inflows and outflows estimating cash receipts and cash payments.
The capital expenditure budget includes all the money the company expects to invest in purchasing new long term assets or improving and maintaining existing long term assets.
Question:
describe with example the importance of business environment
Answer:
- Business environment brings both threats and opportunities to a business.
- Understanding of environment helps the management in future planning and decision making.
- For example, competition increases with the entry of new firms in the market.
