Answer:
$465,000
Explanation:
The expressions that describe the profits for the Sanford and Orlando store are, respectively:
Where 'V' is the sales volume. Both stores will experience the same profits or losses when they are equal. The value of 'V' for which the expressions are equal is:
The sales volume at which the two stores have equal profits or losses is $465,000.
Answer:d. This type of fraud benefits top executives as it generally increases stock price.
Explanation:Fraud can be defined as a deliberate misrepresentation to gain an advantage over another party. Fraud comes in many different forms, including fraud in financial statements, the misappropriation of assets (theft) and subsequent cover-up, and disclosure fraud.
Fraud involves the false representation of facts, whether by intentionally withholding important information or providing false statements to another party for the specific purpose of gaining something that may not have been provided without the deception.
company committing fraud is taking advantage of information asymmetry; specifically, that the resource cost of reviewing and verifying that information can be significant enough to create a disincentive to fully invest in fraud prevention.
Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.
Answer:
the optimal solution is 40 air conditioners and 60 heaters that yield a total profit of $1,900
Explanation:
we have to maximize profit following the equation 25a + 15h, where a = air conditioners and h = heaters
the constraints are:
3a + 2h ≤ 240
2a + h ≤ 140
a ≥ 0
h ≥ 0
using solver on excel, the optimal solution is 40 air conditioners and 60 heaters that yield a total profit = (40 x $25) + (60 x $15) = $1,900
(3 x 40) + (2 x 60) ≤ 240
(2 x 40) + 60 ≤ 140
40 ≥ 0
60 ≥ 0
