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2 years ago

5

If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%

, the company will need to earn a net income of $

1 answer:

White raven [17]2 years ago

8 0

Answer:

600,000

Explanation:

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After the first two entries in the closing process have been recorded and posted, the debits and credits to Income Summary are $

Dafna1 [17]

The answer is $10,000 net loss.

Given,

The debits and credits to Income Summary are $90,000 and $80,000, respectively.

An income summary is also known as an Income statement.

The debit side of this statement contains the expense for the period.

And the credit side of this statement contains the income for the period.

Therefore, according to the given information expenses are $90,000 and income is $80,000.

Since expenses incurred are greater than the income generated. There is a net loss for the current period.

The amount of the net loss will be calculated as follows:

Net loss = Amount of expenses - Amount of income

= 90000 - 80000

= $10,000

Hence, the amount of net loss for the period is $10,000.

Learn more about Income summary:

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6 0

1 year ago

When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its

Art [367]

Answer:

Delayed, accelerated

Explanation:

Total or aggregate slack, is the term which is defined for the activity, is the time that this activity could delayed without impacting on the final date of the project.

It can be computed as the:

Smaller value of Late finish - Early finish field

and

Late start - Early start field

So, when project has positive total slack, few activities delayed the completion of project and when the project has negative total slack, then few activities accelerated to finish the project.

4 0

2 years ago

An activity on a project schedule has these duration estimates: optimistic (a) = 1, most likely (m) = 2, and pessimistic (b) = 5

Masteriza [31]

Answer:

Activity expected duration = 2.333

Explanation:

Given:

Optimistic (a) = 1

Most likely (m) = 2

Pessimistic (b) = 5

Activity’s expected duration = ?

Computation of Activity expected duration:

$Activity\ expected\ duration = \frac{(a + 4m + b)}{6}$

Activity expected duration = [1 + 4(2) + 5] / 6

Activity expected duration = [1 + 8 + 5] / 6

Activity expected duration = [14] / 6

Activity expected duration = 2.333

5 0

2 years ago

Jean is contemplating opening her new small business called Jean’s Gems. She realizes that the first step in beginning her new b

ivann1987 [24]

Answer:

Having a good business idea and market research would make it crystal clear whether or not the project is viable or not. The first thing is that Jean must consider is that he must analze whether the project is financially viable or not. Once we are sure that the return is above the market average thereafter then Jean must consider writing the business proposal.

In business proposal Jean must present his innovation, market research, customer segments, entrepreneur ecosystem in which the business would operate. The marketing strategy, sales forecasting on well researched market research which provides solid grounds for forecasting, future targets, etc. So these all things must be considered while writing. I have prepared a business proposal and worked as a market researcher for that business proposal, traveled 300km for gathering market research. Paper work is nothing in startup. Everything is your market research, understanding your customers, competitors and costs that are associated with the products that we are going to offer.

I will also like to tell that commitment brings money. If you are committed to do a particular thing then be committed but you must analyze the situation first (market research, investment appraisal). Funds are limitless to committed poeples. US startup loans, accelerators programs, etc. There are millions of sources of finance options. We are not in 19 hundred, we are in a modern world and we can arrange money for an attractive investment.

3 0

2 years ago

Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was plac

daser333 [38]

Answer:

Option (b) is correct.

Explanation:

Given that,

Beginning work in process inventory balance = $32,000

Direct materials was placed into production = $54,500

Direct labor = $63,400

Actual manufacturing overhead = $86,500

Jobs costing completed during the year = $225,000

Ending work in process inventory balance:

= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year

= $32,000 + $54,500 + $63,400 + $86,500 - $225,000

= $11,400

8 0

2 years ago