Answer:
Results are below.
Explanation:
Giving the following information:
Unitary contribution margin= $11
Fixed costs= $54,200
<u>First, we need to calculate the net income y sales were 8,040:</u>
Net income= 8,040*11 - 54,200
Net income= $34,240
<u>Now, if sales were 7,960:</u>
Net income= 7,960*11 - 54,200
Net income= $33,360
<u>Finally, if sales were 7,000:</u>
Net income= 7,000*11 - 54,200
Net income= $22,800
Answer:
A. and B. Because to tell my mom how my day. And To talk to my roommate to get to know them better
Explanation:
Answer:
Team members demonstrates a constant focus on improvement
Explanation:
To increase the personal values of team members on high performing teams, team members must demonstrate a constant focus on improvement, the more there is room for improvement, the more personal values are enhances because each members of the team is allow to pass to the growth process and become the best version of themselves.
Answer:
C) 9 percent per year
Explanation:
In the short run an increase in the money supply should increase total output in the economy, decreasing unemployment. Therefore, the larger the increase in the money supply, the larger the decrease in unemployment.
But in the long run it will also increase the inflation rate, increasing the interest rates and producing a boomerang effect which will lower the money supply and increase unemployment.
The Fed should try to maintain low, stable interest rates, not roller coaster type interest rates.
Answer:
Dynamic Weight Loss Co.
DYNAMIC WEIGHT LOSS CO.
Classified Balance Sheet as of June 30, 20Y7
Assets
Current Assets:
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Total current assets $171,330
Long-term Assets:
Land 375,000
Equipment 325,900
Accumulated Depreciation (32,600) 293,300
Total long-term assets $668,300
Total assets $839,630
Liabilities and Equity
Current Liabilities:
Accounts Payable $10,830
Salaries Payable 7,500
Unearned Fees 21,000
Total current liabilities $39,330
Equity:
Common Stock 180,000
Retained Earnings 620,300
Total equity $800,300
Total liabilities and equity $839,630
Explanation:
a) Data and Calculations:
Trial Balance as of June 30, 20Y7
Account Titles Debit Credit
Cash $119,630
Accounts Receivable 26,100
Prepaid Insurance 8,400
Prepaid Rent 6,000
Supplies 11,200
Land 375,000
Equipment 325,900
Accumulated Depreciation - Equipment $32,600
Accounts Payable 10,830
Salaries Payable 7,500
Unearned Fees 21,000
Common Stock 180,000
Retained Earnings 620,300
Total $872,230 $872,230
