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just olya [345]
3 years ago
14

Currently you are the only gas stations for40 miles. The average price of gasoline in your state is 3.50 per gallon. How much sh

ould you charge for your gasoline
Business
1 answer:
xeze [42]3 years ago
7 0

5 dollars and 50 cents.


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Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the
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Answer:

Explanation:

Horizontal analysis of financial statements  is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.

The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value

                          2022         2021         Change     % Change

Net sales         639,400    578,200       61,200     10.6%

Cost of goods  464,800   433400        31,400      7.3%

Gross profit      174,600    144,800       29,800      20.6%

Operating exp. 70,500      43,000        27,500       70%

Net Income       104,100       101,800      2,300       2.26%

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Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to
VLD [36.1K]

Answer:

<em>Run a recoverability test and then a fair value test.</em>

Explanation:

Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.

<em>Measuring the magnitude of the loss requires two steps:</em>

  • Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
  • Measure the cost of damage by measuring the difference between the book value and the asset's market value.
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Based on the current economic expansion (beginning in mid-2009), what percentage of earners are actually losing income?
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Based on the current economic expansion (beginning in mid-2009), the bottom 90% of earners are actually losing income.

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Three factors have contributed to the rapid growth of the world population over the last 200 years: Decreased mortality due to economic concomitant increases in fertility; better treatment of the disease reduces child mortality.

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4 0
1 year ago
How do information systems improve relationships between businesses and customers?
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I think the answer is A
4 0
3 years ago
Read 2 more answers
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,500 and two j
Naddika [18.5K]

Answer:

Stine Company

1. Summary Journal Entries:

Debit Work in Process $10,400

Credit Materials  $10,400

To record materials requisitioned for production.

Debit Work in Process $12,500

Credit Direct Labor $12,500

To record direct labor time tickets.

Debit Work in Process $7,500

Credit Manufacturing overhead $7,500

To record manufacturing overhead applied to production.

Debit Finished goods inventory $7,540

Credit Work in Process $7,540

To record the transfer of Job No. 429 to finished goods inventory.

2. Work in Process Inventory Control

Account Titles             Debit    Credit

Beginning balance    $3,500

Direct materials         10,400

Direct labor               12,500

Overhead                   7,500

Finished Goods Inventory     $7,540

Ending Balance                     26,360

Job Sheets                              Job 429       Job 430      Job 431     Total

Beginning WIP                         $2,000          $1,500                        $3,500

Direct materials                         2,500           3,500       $4,400      10,400

Direct labor                                 1,900           3,000         7,600      12,500

Manufacturing overhead (60%) 1,140             1,800        4,560        7,500

Finished Goods Inventory     $7,540                                               (7,540)

Work in Process                                           $9,800    $16,560  $26,360

Explanation:

a) Data and Computations:

Balance in Work in Process Inventory = $3,500

Job No. 429 $2,000

Job No. 430  $1,500

Job                  Materials              Labor Time

Number   Requisition Slips               Tickets

429                  $2,500                      $1,900

430                    3,500                        3,000

431                     4,400 $10,400          7,600 $12,500

General use                        800                         1,200

Total                              $11,200                     $13,700

Total manufacturing overhead:

Indirect materials  $800

Indirect labor      $1,200

Total                  $2,000

5 0
3 years ago
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