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JulsSmile [24]
3 years ago
6

The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $485,00

0; cost of goods sold, $248,000; salaries expense, $61,000; rent expense, $36,000; depreciation expense, $46,000; and miscellaneous expense, $28,000. Prepare an income statement for 2021.
Business
1 answer:
jekas [21]3 years ago
8 0

Answer:

Bowler Corporation

Income Statement for 2021

Sales revenue                                    $485,000

Less Cost of goods sold                  ($248,000)

Gross Profit                                         $237,000

Less Expenses

salaries expense              $61,000

rent expense                    $36,000

depreciation expense     $46,000

miscellaneous expense  $28,000   ($171,000)

Net Income/ (Loss)                             $66,000

Explanation:

Income Statement shows the Operating performance of the the company over the financial period.

Income/loss = Sales - Expenses.

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Marriott has branded its entire family of accommodations based on different value propositions, supported by clearly delineated
Nonamiya [84]

Answer:

Price lining

Explanation:

Price lining is defines as the pricing strategy where related products are sold at different prices to customers.

Usually the price difference depends on the level of quality of the products.

For example a beverage company with different drinks having various flavours will have a different price for each one.

In the given scenario price lining is occurring at a larger scale when Marriott branded its entire family of accommodations based on different value propositions.

These include Ritz-Carlton and JW Marriott for the most discriminating patron, Marriott and Renaissance at the next level of full service, and an array of differentially positioned brands such Courtyard and Residence Inn.

4 0
3 years ago
State and local governments in the United States share the costs of criminal justice by making ________ primarily a local functi
Marta_Voda [28]

Answer:

The correct word for the blank space is: policy protection; corrections.

Explanation:

Policy protection is related to the regulation of individuals' reckless behavior such as <em>abuse or trafficking of drugs, theft, domestic violence, school safety, and juvenile misbehavior</em>. Local governments -counties and districts- have the power to enforce law over those matters until their jurisdiction allows it.

Criminal corrections involve all the penalties a state must impose on individuals who committed improper behavior and were against the law, thus, they must be punished.

6 0
3 years ago
Survey data can be collected with questionnaries. Which type of question has a limited number of preselected responses?
Stella [2.4K]
No question has a limited number of questions
if this is wrong I apologize
6 0
3 years ago
Andy compares mattresses. A twin sized NightSoft mattress at the large chain BuyRite costs $1,500. The BuyRite salesman and then
valentina_108 [34]

Non-price competition in a monopolistic-ally competitive market is Andy experiencing

Explanation:

The profitability of non-prices applies to the attempts of a dominant corporation to raise its sales and profits by variating goods and production rates instead of lowering the product prices.

Either by modifying the physical attributes or through changes to advertising schemes, a dominant rival may always change his goods.

Varying inventory and distribution prices reduce the company's demand curve and increase production costs.

As a consequence, there will also be a change in the amount of income the organization will gain from extracting the volume of the commodity that equates the MR to MC.

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3 years ago
Compute the payback period for each of these two separate investments: A new operating system for an existing machine is expecte
Westkost [7]

Answer and Explanation:

The computation of the payback period for each investment is shown below;

For Option 1

= Initial Investment ÷  Annual Cash Flow

= $280,000 ÷ $134,569

= 2.081 Year

Here Annual cash inflow is

= Net income + Depreciation

= $80,769 + (($280,000 - $11,000) ÷ 5)

= $134,569

For Option-2

= Initial Investment ÷ Annual Cash Flow

= $200,000 ÷ $70,429

= 2.84 Year

Here Annual cash inflow is

= Net income + Depreciation

= $44,000 + (($200,000 - $15,000) ÷ 7)

= $70,429

6 0
3 years ago
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