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2 years ago

Coronado Company's records indicate the following information for the year:

Business

1 answer:

drek231 [11]2 years ago

5 0

Answer:

$89,000

Explanation:

The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as

Opening balance + purchases - cost of goods sold = closing balance

The gross profit is the difference between the sales and the cost of goods sold. Given that Coronado's gross profit on sales has remained constant at 30%, the gross profit

= 30% × $3,200,000

= $960,000

Cost of goods sold = $3,200,000 - $960,000

= $2,240,000

$559000 + $ 2264000 - $2240000 = expected closing balance

expected closing balance = $583,000

Given that a physical inventory determined that ending inventory of $494000 was in the warehouse

The estimated cost of missing inventory

= $583,000 - $494,000

= $89,000

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The price of imported oil rises. If the government wanted to stabilize output, which of the following could it do?

Ber [7]

Answer:

b. increase government expenditures or decrease the money supply

Explanation:

If the government wanted to stabilize output, there are a couple of levers they could pull. These are fiscal policies and monetary policies, fiscal policy, is all about changing how much we spend, if government has more money to spend, they can better negotiate and also decide how money is spent to a degree. So, the theory is if the government spends more, that would increase total output. The second lever to pull is messing with the money supply, monetary policy, If maybe there's more money out there, lower interest rates, it might increase output however because we are dealing with the price of imported oil decreasing the money supply would be the move to make because by decreasing the money supply we can make our currency more valuable, it's important to remember that the price of imported oil would not be affected by domestic monetary policies. If the money supply were increased our currency would devalue which would be counterproductive because a weaker currency means we pay more for imports.

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3 years ago

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The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

EastWind [94]

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2 years ago

"Our teams in different countries have learned a great deal, and I am putting together an international team to study and share

KIM [24]

Answer:

c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.

Explanation:

According to a different source, these are the options that come with this question:

a. Speak about everyone on the team as though they are the same to help team members feel they are being treated equally. Do not single people out for special recognition.

b. Understand that some people use online technology more than others and cannot be expected to participate as much. Accept that Internet culture often involves “trolling,” or disrespectful disagreement, and do not interfere if this happens.

c. Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.

d. To promote a sense of privacy, do not monitor online team communications. Keep information that may change frequently to yourself, as sharing it would be confusing.

This is the strategy that is most likely to help this person develop his team. It is important to understand that, if this is an international team made up of many different people from different countries, then it is likely that most interaction will take place online. Therefore, it is important to encourage them to utilize the online resources that are available to them, such as sharing pictures and videos. It is also important to motivate them to proactively share ideas, especially those who come from countries where this is not particularly valued.

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3 years ago

Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Char

nlexa [21]

Answer:

6,750 dinner cruise tickets

Explanation:

The computation of the break even point in units is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

So, the contribution margin per unit is

= $80 - $40

= $40

And, the fixed expenses is $240,000

And, the target operating income is $30,000

So, the target sales in units is

= ($240,000 + $30,000) ÷ ($40)

= 6,750 dinner cruise tickets

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3 years ago

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corpo

Fudgin [204]

Question:

The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:

Contribution margin.... 200,000

Fixed Expense.... 500,000

net operating loss..... (300,000)

If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept?

A) 50,000 increase

B) 250,000 increase

C)250,000 decrease

D) 550,000 increase

Answer:

Option A is correct

Increase in profit = $50,000

Explanation:

To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.

It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.

The analysis is done as follows:

Lost contribution (200,000 )

Savings in fixed cost (1/2× 500,000) 250,000

Net savings 50,000

Increase in profit = $50,000

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3 years ago