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elena55 [62]
3 years ago
15

The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

Business
1 answer:
guajiro [1.7K]3 years ago
6 0

Answer:

Net account receivable

2021 $8,085

2022 $5,335

Explanation:

Calculation for the net account receivable

2021 2022

Total account receivable 14,700 9,700

(33,200-18,500=14,700)

(48,200-38,500=9,700)

Less: Allowance for doubtful accounts (6,615) (4,365)

(45%*14,700=6,615)

(45%*9,700=4,365)

Net account receivable 8,085 5,335

(14,700-6,615=8,085)

(9,700-4,365=5,335)

Therefore Net account receivable will be :

2021 $8,085

2022 $5,335

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Assume that an investor buys 250 shares of stock at $ 36.55 per​ share, putting up a 46 % margin. a. What is the value of the​ p
d1i1m1o1n [39]

Answer:

Debit balance is transaction amount minus margin: (250 × $36.55) − 0.46 × (250 × $36.55) = $4934.25

Equity is the margin amount, or 0.46 × (250 × $36.55) = $4203.25

Margin = (Value − Debit balance)/Value = [(250 × $46) − $4934.25] ÷ (250 × $46) = 57.09%.

7 0
3 years ago
The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits ne
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Answer:

the expected annual profit for the number of beauticians is $70,000

Explanation:

The computation of the expected annual profit for the number of beauticians is shown below:

= 50 × 0.50 + 75 × 0.20 + 100 × 30

= 25 + 15 + 30

= 70

= $70,000

hence the expected annual profit for the number of beauticians is $70,000. The same is to be considered

All other information that are mentioned should be ignored

3 0
3 years ago
arn​ Basket, Ltd., sells​ hand-knit scarves. Each scarf sells for​ $40. The company pays​ $150 to rent a vending space for one d
spayn [35]

Answer:

The total revenue needed to break even is $206.90 per day

Explanation:

The break even point of revenue is the total revenue earned by the firm where total revenue equals total cost and there is no profit or no loss. The break even in dollars can be calculated using the following formula,

Break even in dollars = Fixed cost / Contribution margin ratio

Contribution margin ratio = (Selling price per unit - variable cost per unit) / Selling price per unit

Contribution margin ratio = (40 - 11) / 40 = 0.725 or 72.50%

The fixed cost per day is the cost of the vending space of $150.

Break even in dollars = 150 / 0.725   = $206.896 rounded off to $206.90

8 0
3 years ago
A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with
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Answer:

51,487.5

Explanation:

Calculation to determine the minimum guaranteed mileage should the manufacturer announce

Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table

InvNorm(100%-4%)

InvNorm(.96) = 1.75

Now let determine the minimum guaranteed mileage

Let x represent the Minimum guaranteed mileage

(2050*1.75)+47,900=x

x=3,587.5+47,900

x = 51,487.5

Therefore the minimum guaranteed mileage that the manufacturer should announce is 51,487

6 0
3 years ago
In an international transaction involving a bank as a third party, the exporter ships the product after:
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Answer: the bank promises to pay on the importer’s behalf

Explanation:

8 0
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