It’s important to use an appropriate e-mail address as a professional contact.

1243.00 The cost of wine for next week will increase by 2% from the current week. If all other cost of sales stays constant, wha

Luda [366]

Answer:

The approximate total cost of sales for next week will be $1,267.86

Explanation:

Hi, all we need to do is use the following formula

$Price(1)=Price(o)*(1+increase)$

Where:

Price(1)= The price of next week

Price(o)= Current price ($1,243)

increase= increase percentage (in our case, 2% or 0.02)

All should look like this.

$Price(1)=1,243*(1+0.02)=1,267.86$

So, the cost of sales for next week will be $1,267.86

Best of luck.

8 0

3 years ago

Below are the transactions for Ute Sewing Shop for March, the first month of operations.

balandron [24]

Answer:

Explanation:

March 1

Cash 1700

Share Capital 1700

To record the issuance of shares

March 3

Equipment 1400

Cash 1400

To record the purchase of equipment on cash

March 5

Rent Expense 470

Cash 470

To record the rent expense

March 7

No entry neither cash nor serves are provided.

March 12

Purchase 117

Cash 117

To record the purchases

March 15

Cash 670

Income 670

To record the services Income.

March 19

Advance 570

Payable 570

To record the advance cash receipt for services not yet provided thus advance is our liability.

March 25

Payable 228 570/25*10

Income 228

To record the services income against advance given.

March 30

Utilities Expense 82

Cash 82

To record the monthly utilities expense

March 31

Dividend Pay 85

Cash 85

To record the payment of dividend.

2)

Share Capital Account

Opening = 0

Cash 1700

Closing=1700

Cash Account

Opening = 0

share capital 1700 Equipment 1400

Rent 470

Purchase 117

Income 670

Adv. Pay 570

Utilities 82

Dividend 85

Closing balance- 786

Equipment

Opening = 0

Cash 1400

Closing-1400

Rent Expense

Opening = 0

Cash 470

Closing-470

Purchase Expense

Opening = 0

Cash 117

Closing-117

Income Account

Opening = 0

Cash 670

Payable 228

Closing- 898

Payable Account

Opening = 0

Cash 570

Income 282

Closing-342

Utilities Expense

Opening = 0

Cash 82

Closing-82

Dividend

Opening = 0

Cash 85

Closing-85

3) Trail Balance

Head Of Account Debit Credir

Cash 786

Share Capital 1700

Equipment 1400

Rent Expense 470

Purchases 117

Income 898

Payable 342

Utilities 82

Dividend 85

Total 2940 2940

7 0

4 years ago

What would make an Ideal business plan?

KonstantinChe [14]

Answer:

Start with a clear, concise executive summary of your business. ... If you are sending your plan to investors, include the amount of money you need and how you plan to use it

Explanation:

5 0

3 years ago

Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. In

Natasha2012 [34]

Answer:

D, Flint can simply write ot the SEC to voice his concerns.

Explanation:

Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.

Cheers.

6 0

4 years ago

The following report reflects numerical data for Polar Corporation in July: Sales $27,000 Variable costs $11,880 Fixed costs $7,

77julia77 [94]

Answer:

$1.40

Explanation:

The total contribution margin is determined by deducting variable costs from sales during the period:

$CM = \$27,000 -\$11,880\\CM = \$15,120$

Assuming a production of 10,800 units, the contribution margin per unit is:

$CM_u = \frac{\$15,120}{10,800}\\CM_u =\$1.40$

The contribution margin per unit in July is $1.40.

7 0

4 years ago