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goldfiish [28.3K]
3 years ago
12

A company's sales in Seattle were $410,000 in 2012, while their sales in Portland were $290,000 for the same year. Complete the

following statements: a. Seattle's sales were % larger than Portland's. b. Portland sales were % smaller than Seattle's. c. Portland sales were % of Seattle's.
Business
1 answer:
REY [17]3 years ago
4 0

Answer:

a)   41.38%

b)  29.26%

c)  70.73%

Explanation:

We should check agsint whom is the comparrison to deteminate the base.

If we compare "than Portland's" this means portland is the year base.

a) Seattle / Portland

410,000 / 290,000 - 1 = 41.3793 = 41.38%

b) 1 - Portland / Seattle  = 1 - 290,000/410,000 = 29.26%

c) Portland / Seattle = 290,000 / 410,000 = 70.7317%

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A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be run
tresset_1 [31]

Answer:

Schedule variance = $1,428,140

Schedule Performance Index (SPI) = 1.132

Cost Performance Index = 0.801

Explanation:

Planned Value = $1,414,000 + $10,494,000 + $8,494,000 * 53%

                        = $20,402,000 * 53%

                        = $10,813,060

Earned Value = $1,414,000 + $10,494,000 + $8,494,000 * 60%

                        = $20,402,000 * 60%

                        = $12,241,200

Schedule Variance = Earned value - Planned value

                                = $12,241,200 - $10,813,060

                                = $1,428,140

Schedule Performance Index (SPI)

                          = Earned value / Planned value

                          = $12,241,200 / $10,813,060

                          = 1.132

Actual Cost (AC)

                        = $1,294,000 + $8,994,000 + $4,994,000

                        = $15,282,000

Cost Performance Index (CPI)

                             = Earned value / Actual cost

                             = $12,241,200 / $15,282,000

                             = 0.801

3 0
3 years ago
Allegience Insurance Company’s management is considering an advertising program that would require an initial expenditure of $16
nalin [4]

Answer:

a. Pay back period is 4 years and 18 days

b. Net present value is - $5,909. Since the NPV is negative, the project should be rejected.

Explanation:

Note: See the attached for the calculation tables of a and b.

a. Pay back period = 4 years and [($2,565/$51,244)*365 days] = 4 years and 18 days approximately.

Download xlsx
3 0
3 years ago
Bailliere Company recorded cash sales of $300,000 and cost of goods sold relating to those sales of $120,000 on its Excel spread
dezoksy [38]

Answer:

Option B

Cost of goods reported =$ 125,000

Explanation:

<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level. </em>

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>

This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.

Cost of goods reported = cost of goods + under applied overhead

                                       = 120,000 + 5,000 = 125,000

Cost of goods reported =$ 125,000

6 0
3 years ago
The preparation of a bank reconciliation is an important cash control procedure. If a company deposits cash receipts daily and m
castortr0y [4]

Answer & Explanation :

Bank Reconciliation Statement is prepared to reconcile (match) the differences between bank balance as per cash book & bank balance as per pass book, at end of an accounting period.  

The differences may arise because of following reasons :

  • Errors committed by firm or bank
  • Cheques paid but not collected, upto the last date (added in cash book, but not in bank balance)
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  • Direct expenses & direct incomes settled by bank (done in bank balance, but not in cash book)

BRS involves starting with balance as per any book - cash book or passbook. Then, the adjustments for mismatch are done, to arrive at correct balance as per the other book.

8 0
3 years ago
If you're 18,and want to go take the test for your permit would you have to wait the 6months to go do you license?
ludmilkaskok [199]
It depends on if u have ur license taken away or not. u can just go to the dmt and they will tell u whats up

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3 years ago
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