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3 years ago

Hey!

1 answer:

andrey2020 [161]3 years ago

6 0

The unification of Germany into a politically and administratively integrated nation state officially occurred on 18 January 1871, in the Hall of Mirrors at the Palace of Versailles in France. Princes of the German states, excluding Austria, gathered there to proclaim Wilhelm I of Prussia as German Emperor after the French capitulation in the Franco-Prussian War.

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A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin r

suter [353]

Answer:

1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:______

c. 28.0%.

2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.

A. True

3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.

A. True

Explanation:

Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100. In this case, the gross profit is $212,800 ($760,200 - $547,400). The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.

The dollar is the monetary unit for all business transactions conducted in the United States. The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.

8 0

3 years ago

Inflation is defined as a rise in the general level of prices. When inflation occurs, the buying power of the dollar would:

Anuta_ua [19.1K]

Answer: the buying power of the dollar would: decrease.

Explanation:

Purchasing power means the amount of goods that can be bought with the given unit of money. The value of the dollar decreases when there is an inflation. Inflation reduces money value by raising the prices of the goods and services in the country.

Purchasing power can be compared with the salaries received 50 years ago and current salaries. Though the current salaries have increased the prices of the goods have also increased accordingly. Which can also be termed as increased cost of living.

5 0

3 years ago

Problem 12-04A The income statement of Kingbird, Inc. is presented here. Kingbird, Inc. Income Statement For the Year Ended Nove

barxatty [35]

Answer:

Cash Flow From Operating Activities

Cash Receipt from Customers $7,260,000

Cash Paid to Suppliers and Employees ($6,294,700)

Cash Provided by Operating Activities $965,300

Explanation:

Step 1 : Cash Paid to Suppliers and Employees Calculation

Cost of goods sold $4,987,300

Add Operating expenses $1,120,500

Total $6,107,800

Adjustments :

Depreciation expense $95,300

Decrease in Inventory ($536,700)

Increase in Prepaid Expenses $179,800

Decrease in Accounts Payable $345,700

Decrease in Accrued Expense Payable $105,800

Cash Paid to Suppliers and Employees $6,294,700

Step 2 : Cash Receipt from Customers Calculation

Sales revenue $7,465,900

Less Increase in Accounts receivable ($205,900)

Cash Receipt from Customers $7,260,000

4 0

3 years ago

The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charge

MAXImum [283]

Answer:

Both will bear

Explanation:

Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.

6 0

4 years ago

Describe the slope of the demand curve? How does the slope reflect the law of demand?

AnnZ [28]

Answer:

1. The slope is negative

2. The demand decreases when the prices increase.

Explanation:

Describe the slope of the demand curve?

The slope of the demand curve is negative.

The demand curve is graphed on a coordinate plane with the price in the horizontal axis (typically the x-axis) and the demand on the vertical axis (y-axis).

Thus, the slope will be the rate of change of the demand over the change on the price.

Mathematically:

$slope=\dfrac{\text{change in demand}}{\text{change in price}}$

Since, as you move from left to right, on the x-axis, the prices increase, and the demand (on the y-axis) lowers, the change in demand is negative and the change in the prices is positive, resulting in a negative slope.

This is seen graphycally because the demand curve is decreasing (downward-sloping).

How does the slope reflect the law of demand?

The slope reflects perfectly the law of demand because the law of demand states that, since the resources are scarce, when the prices incrases the quantities demanded decrease.

8 0

3 years ago