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3 years ago

9

Margarete has a monthly salary of $1200. she spends $240 per month on food. what percent of her monthly salary does she spend on

food? list the knowns and unknown

1 answer:

vivado [14]3 years ago

4 0

Monthly Salary: $1200

Monthly food bills: $240

% of monthly salary spent on food is 20%.

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Michael Company reports the following account balances at the end of the first year of operations: Revenues $ 160 comma 000 Cos

professor190 [17]

Answer:

$46,000

Explanation:

The computation of the total liabilities at the end of the first year is shown below:

We know that

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + land + short term investment

= $102,000 + $40,000 + $14,000

= $156,000

Stockholder equity = Common stock + net income - dividend paid

= $50,000 + 72,000 - $12,000

= $110,000

So, the total liabilities would be

= $156,000 - $110,000

= $46,000

Working Note:

The net income is

= Revenue - cost of goods sold - Salaries Expense - Utilities Expense - Advertising Expense 

= $160,000 - $46,000 - $21,000 - $11,000 - $10,000

= $72,000

3 0

3 years ago

Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the re

kiruha [24]

Answer:

c. $175,500

Explanation:

Revenue $140,000

Training revenue $75,000

Product Sales <u>$65,000 </u>

Total Revenue $280,000

Variable Expenses

Personal trainer wages expense $70,000

Cost of Product sold $35,000

Total Variable Cost (<u>$105,000)</u>

Contribution margin / operating income $175,000

Fixed Costs

Space rental expense $11,000

Depreciation expense $6,000

Rental insurance expense $3,000

Front desk staff wages expense $12,000

Total Fixed cost (<u>$32,000)</u>

Net Income <u>$143,000</u>

8 0

3 years ago

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p

Ivan

Answer:

$34,000

Explanation:

Accounting profit = Total revenue - Explicit costs

i.e Total revenue = $50,000

Explicit costs = $12,000 + $1,000 + $3,000 = $16,000

Therefore; $50,000 - $16,000 = $34,000.

6 0

3 years ago

A manufacturing company has been inspecting units of output from a process. Each product inspected is evaluated on five criteria

laila [671]

Answer:

3,300 defects

Explanation:

If there are 5 defect opportunities per unit, and 2,000 units were inspected, the number of defects per opportunity observed was:

$DPO = \frac{33}{5*2,000}\\DPO=0.0033$

Therefore, the number of defects per 1 million opportunities (DPMO) is:

$DPMO = 0.0033*1,000,000\\DPMO = 3,300$

The number of defects per 1 million opportunities (DPMO) for this process is 3,300.

7 0

3 years ago

To reduce the amount of time it takes to apply packaging to its finished products, North Star Foods is implementing new equipmen

Veronika [31]

Answer: Primary activity.

Explanation:

Value chain analysis occurs when an organization carefully analyses their activities to know areas they need to maintain and areas to improve on, to excel above their competitors. When an organization introduces new equipments to help enhance production, they are trying to improve on operations which is a primary activity in value chain analysis.

6 0

3 years ago