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3 years ago

Turtle Corporation produces and sells a single product. Data concerning that product appear below:

Business

1 answer:

stealth61 [152]3 years ago

3 0

Answer:

The monthly Net Operating Income would reduce by $100 if additional funds are allocated to Marketing Expenses.

Explanation:

I have attached a screen shot of my workings, give it a look and you will have a better idea of what is going on.

Key Points:

New units to be sold are 7,210.
Variable Expense is calculate as (Sales * Percentage of Variable Expense).
A new Fixed cost of 6,700 for Marketing will be deducted.

I hope I made it very much clear for you. Feel free to ask if you have any confusion.

Thanks!

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On January 1, 2016, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $232,

gregori [183]

Answer:

$247,625

Explanation:

Expectation: To compute the amount to be reported in the investment on American Corporation's Financial Statements - December 31st, 2016

Step 1: American Corporation purchases of Short Supplies = $232,500

This represents 25% of the outstanding voting shares of Short Supplies.

Short Supplies net income was $89,000

Therefore, American Corporation's share of net income = 25% x $89,000

= $22,250. This is the reported income as a result of the voting shares bought.

Secondly, since cash dividend was paid (paid before the declaration of the net income), then American Corporation as an investor is also entitled to the 25% of the dividend

Therefore,

The final amount of total investment of American Corporation to be reported in the financial statement is

The value of the initial stock purchased + Share of net Income - Cash dividend due.

= $ 232,500 (original investment) + $22,250 (share of net income) - ($7,125) Cash dividend

= $247,625

8 0

3 years ago

Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for

Vanyuwa [196]

Answer:

Place Mix

Explanation:

Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute place mix element of the marketing mix for Blue Apron.

Basically , Market mix have four elements they are -

1. Product Mix - It refers to all the decisions which are related to the product.

2. Price Mix - It refers to all the decisions which are related to the price of the product.

3. Promotion Mix - It refers to all the decisions which are related to the promotion or sale of the product.

4. Place Mix - It refers to all the decisions which are related to make the product deliver to the customer.

When the product is not deliver at the right time and at the right place to the customer ,then all other activities of the marketing mix will be of no use . Place Mix is an important element of the Marketing Mix.

Place Mix have two elements which have in distribution of the product they are -

1. Channels of distributions - It includes the people and the firm .

2. Physical distributions - It includes the transportation or warehouse.

8 0

3 years ago

In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be

lianna [129]

Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (1910-2013) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

3 0

3 years ago

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] Tig

Kipish [7]

Complete Question:

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5]

Tiger Company completed the following transactions. The annual accounting period ends December 31.

Jan. 3 Purchased merchandise on account at a cost of $24,000. (Assume a perpetual inventory system.) Jan.

27 Paid for the January 3 purchase.

Apr. 1 Received $80,000 from Atlantic Bank after signing a 12-month, 5 percent promissory note.

June 13 Purchased merchandise on account at a cost of $8,000.

July 25 Paid for the June 13 purchase.

July 31 Rented out a small office in a building owned by Tiger Company and collected eight months’ rent in advance amounting to $8,000.

Dec. 31 Determined wages of $12,000 were earned but not yet paid on December 31 (Ignore payroll taxes).

Dec. 31 Adjusted the accounts at year-end, relating to interest.

Dec. 31 Adjusted the accounts at year-end, relating to rent.

Required:

1. & 2. Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31.

3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31.

Answer:

Prepared journal Entries for Questions 1, 2 and 3 are attached as images in this order

1 Journal Entry Worksheet 1 (image 1)

2 Journal Entry Worksheet 1 (image 2)

3 Journal Entry Balance sheet 1 (image 3)

3 0

3 years ago

On the food label for a package of crackers, what does a 15 percent daily value for iron mean?

Tanya [424]

A 15% percent daily value for iron means that one serving of the cracker provides 15 percent of the iron that the average person needs each day.
The Daily Value or the DVs for short is an indicator that shows information about the nutrient that can be provided in one serving of the food for an average person. The average person is a healthy adult who consumes exactly 2000 calories a day which became an indicator basis for The Daily Value.

6 0

3 years ago

Read 2 more answers