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ikadub [295]
3 years ago
8

Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gros

s Margin $140,000 Contribution Margin $110,000 Total Selling & Administrative Exp. $60,000
Business
1 answer:
stich3 [128]3 years ago
7 0

Answer:

$80,000

Explanation:

Calculation for the net income for Dana's Dress Shop using the traditional format

NET INCOME USING TRADITIONAL FORMAT

Using this formula

NET INCOME=Gross Margin -Total Selling & Administrative Expenses

Where,

Gross Margin =$140,000

Total Selling & Administrative Expenses=$60,000

Let plug in the formula

NET INCOME=$140,000-$60,000

NET INCOME=$80,000

Therefore the NET INCOME will be $80,000.

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A project requires an initial investment of $10 million today. If the cost of capital exceeds the project IRR, then the project
xz_007 [3.2K]

Answer:

Negative NPV.

Explanation:

present value of cost exceeds present value of revenue that is been assumed in the investment plan of the said company/firm.

Net Present Value describes one of the discounted techniques of cash flow used in capital budget to determining the viability of a project or an investment. It is seen to have a huge difference between the present flow of the firms; which is cash inflows and the present value of cash outflows over a period of time. Experts has tagged its primary advantage to be that it is seen to considers the concept of the time value of money.

3 0
3 years ago
Which company is most easily able to outsource its operations and have its good or service produced in another country
svet-max [94.6K]

Answer:

d. Queen’s Quilts

Explanation:

Options are "Hannah’s Hair Salons, Busker Baseball Team , Darling Dentistry , Penelope’s Fresh Pretzels , Queen’s Quilts"

a. Salons, Dentistry : these are services which cannot be outsourced partly or fully.

b. Baseball team: It is a sports team which cannot operate partly in another country.

c. Pretzels: These are freshly baked pastries or food items which needs to be made fresh , so cannot be outsourced.

d. Quilts: These are textile which can be produced in countries having cheap labor .

4 0
3 years ago
A building with an appraisal value of $167,000 is made available at an offer price of $162,000. The purchaser acquires the prope
Semmy [17]

Answer:

$165,000

Explanation:

Given that

The appraisal value is = $167,000

The offer price = $162,000

Acquiring value of property = $25,000

Note Payable amount = $75,000

Mortgage Amount = $65,000

So, The computation of recognize this purchase is as follows:-

= Acquiring value + Payable amount + Mortgage Amount

= $25,000 + $75,000 + $65,000

= $165,000

3 0
4 years ago
When the economy is in short-run equilibrium, Group of answer choices there are increases in inventory. people want to buy more
deff fn [24]

Answer:

total expenditures equal total production.

Explanation:

In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production

Hence, the last option is correct

7 0
3 years ago
John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structur
Shtirlitz [24]

Answer:

a. John works the night shift,and night hours are less desirable for most workers.

Explanation:

The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.

In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).

7 0
3 years ago
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