The answer is two and five.
Answer:
$4,250
Explanation:
The computation of the operating income or EBIT is shown below:
Earning before interest and taxes = Sales reported - operating cost other than depreciation - depreciation expense
= $12,500 - $7,250 - $1,000
= $4,250
We simply deduct the operating cost and the depreciation expense from the sales reported to arrive the earning before interest and taxes
All other information which is given in the question is not relevant. hence, ignored it
Answer: C. General agent
Explanation: A general agent is a person appointed to act on his behalf in a variety of activities such as home activities,business transactions etc this type of agent is usually contracted to do this kind of Activities especially when the person expected to carry out these sets of Activities will not be available for a given period. A general agent can be an organisation or an individual or group of persons who carry out tasks as specified by the principal.
Answer:
<u>$38.5 million</u>
Explanation:
Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.
Where;
sales= $42.5 million
accounts receivable increase= $4 million
Amount of cash April Wood Products received from customers during the reporting period=
$42.5 million - $4 million= $38.5 million
Answer:
The correct answer is:
false (b)
Explanation:
Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.
