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3 years ago

True or False: Labor is usually your lowest expense.

Business

1 answer:

yawa3891 [41]3 years ago

5 0

Answer:

False, if your talking about workinghard it is false bc you could break a bone or worse in the work of labor

False, still bc if your talking about having a child than your losing a lot of blood and pain is coming from it

so eathier way u go its still false

hoped this helped let me know if it did

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For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,

weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales = 546000

less: cost of goods sold = (244410)

Gross profit 301590

Less: expenses

Depreciation expense =( 61900 )

Profit before interest and taxes 239690

Less: tax

(239690 * 23%) = (55128)

Profit 184562

Profit - Retained earning Addition = Interest

184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times

3 0

4 years ago

Recognized for excellence by Advertising Age, Alma creates advertising to reach diverse segments by "focusing the work on a deep

WARRIOR [948]

Answer: Option C

Explanation: In simple words, multicultural marketing refers to the marketing by taking into consideration the beliefs and customs of different races or ethnicity etc. In such marketing the organisation tries to target more than one potential market.

In the given case, the company is depicting the attitude and lifestyles of different communities in their marketing activities.

Hence from the above we can conclude that the correct option is C.

5 0

3 years ago

Cascade Company was started on January 1, 2016, when it acquired $60,000 cash from the owners. During 2016, the company earned c

Ivahew [28]

Answer:

the income statement is the same for all types of businesses:

Revenues $35,000

Expenses ($18,100)

Net income $16,900

a. Cascade is a sole proprietorship owned by Carl Cascade.

statement of equity

Carl Cascade, capital beginning balance $0

paid in capital, Carl Cascade $60,000

net income $16,900

subtotal $76,900

Carl Cascade, drawings (4,000)

Carl Cascade, capital ending balance $72,900

balance sheet

Assets

Cash $72,900

Equity

Carl Cascade, capital $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Paid in capital $60,000

Drawings ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

b. Cascade is a partnership with two partners, Carl Cascade and Beth Cascade.

statement of equity

Carl Cascade, capital beginning balance $0

Beth Cascade, capital beginning balance $0

paid in capital, Carl Cascade $24,000

paid in capital, Beth Cascade $36,000

net income $16,900

subtotal $76,900

Carl Cascade, drawings (1,600)

Beth Cascade, drawings (2,400)

Carl Cascade, capital ending balance $29,160

Beth Cascade, capital ending balance $43,740

balance sheet

Assets

Cash $72,900

Equity

Carl Cascade $29,160

Beth Cascade $43,740

total equity $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Paid in capital $60,000

Drawings ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

c. Cascade is a corporation.

statement of equity

Common stock beginning balance $0

Common stock issued (5,000 stocks) $25,000

Additional paid in capital $35,000

net income $16,900

subtotal $76,900

Dividends (4,000)

Common stock ending balance $25,000

Additional paid in capital ending balance $35,000

Retained earnings $12,900

balance sheet

Assets

Cash $72,900

Equity

Common stock $25,000

Additional paid in capital $35,000

Retained earnings $12,900

total equity $72,900

statement of cash flows

Cash flow from operating activities $16,900

Cash flow from financing activities:

Common stocks issued $25,000

Additional paid in capital $35,000

Dividends ($4,000)

net cash from financing activities $56,000

net cash increase $72,900

beginning cash balance $0

ending cash balance $72,900

5 0

3 years ago

Felix Corp. is a cookware manufacturer. It conducts market testing for a new appliance. JK Corp., a competitor of Felix, reduces

cupoosta [38]

Answer:

This practice is called JAMMING.The answer is D.

Explanation:

7 0

4 years ago

Compute the missing amount in the accounting equation for each company (amounts in billions): Assets Liabilities Stockholders'

Anvisha [2.4K]

Answer:

Love Drycleaner's Assets: 81

Ernie's Bank Liability: 5

Weekly Stop Grocery Equity: 31

Ernie's Bank has the strongest financial position as it has de better debt to equity ratio

Explanation:

Accounting equation:

Assets = Liability + Equity

Love Drycleaners:

Assets ??? = Liab 43 + Equity 38

Assets = 43 + 38 = 81

Ernie's Bank:

Assets 25 = Liab ?? + Equity 20

Liab= 25 - 20 = 5

Weekly Stop Grocery:

A 38 = L 9 + E ??

equity = 38 - 9 = 31

THe strongest financial position will be for Ernie's Bank

As the debt to equity ratio is the lowest:

Love Drycleaners: 43/38 = 1.13 there is 1 dollar of debt per every dollar of quity an increase in the interst rate may cause troubles to this company.

Ernie's Bank: 5/20 = 0.25 There is 0.25 of debt per every dollar of equity This company is finance almost through equity so it could useleverage if needed to keep operations

Weekly Stop Grocery: 9/31 = 0.29 This company is also in good position as Ernie's but the question is for the strongest and that one is Ernie's Bank

4 0

4 years ago