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3 years ago

The following items and amounts were taken from Wildhorse Co.’s 2017 income statement and balance sheet.

Business

1 answer:

puteri [66]3 years ago

6 0

A. Assets

B. Equity

C. Expense

D. Liability

E. Assets

F. Assets

G. Assets

H. Equity

I. Liability

J. Liability

K. Revenue

L. Expense

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What components of GDP (if any) would each of the following transactions affect? Explain. Remember Y=C(Y-T)+I(R)+G+X-M a. A fami

horsena [70]

Answer:

A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased

4 0

3 years ago

Discount Airlines is preparing a contribution margin report segmented by route. The following information is available: Atlanta/

IgorC [24]

Answer:

17.3%

Explanation:

The contribution margin ratio is shown below:

Contribution margin ratio = Contribution margin ÷ Sales × 100

where,

Contribution margin is

= Sales - variable cost

Sales arise from passengers ($1,250 × 7,100) $8,875,000

Less:

Food ($7 × 7,100) $497,00

Selling ($90 × 7,100) $639,000

Fuel ($15 × 190,000) $2,850,000

Wages ($20 × 190,000) $3,800,000

Total variable cost ($7,338,700)

Contribution margin $1,536,300

So, the contribution margin ratio is

= $1,536,300 ÷ $8,875,000

= 17.3%

8 0

3 years ago

Which of the following is an example of a sunk cost?

coldgirl [10]

Answer:

The correct answer is option D.

Explanation:

Sunk costs can be defined as those costs which already been incurred and cannot be recovered anymore. These costs are excluded from business decision making.

It is can be referred to as a cost that is no longer relevant.

The $8 paid for a ticket, after the person starts watching the movie is a sunk cost as it cannot be recovered anymore.

Sunk costs are contrasted to relevant cost which is yet to be incurred in the future. Cost pf machinery, equipment, etc are examples of sunk cost.

3 0

3 years ago

A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the

Crank

Answer:

Economic loss=$(28,000)

Explanation

Accounting profit is the difference between total revenue and explicit cost.

Explicit cost refers to all cash and non cash cost incurred to produce the goods and services

Economic profit = sales revenue - explicit cost - implicit cost

Implicit cost is the opportunity cost - the value of the next best alternative sacrificed to produce the product.

The opportunity cost in the case is the worth of the offer to work elsewhere which is equal to $25,000

Economic profit = (7,000× 6) - 45,000- 25,000=$ (28,000)

Economic loss=$(28,000)

8 0

3 years ago

Linda and her mom want to start a company selling homemade brownies to large supermarket chains. To get started, they have creat

kirill [66]

Answer:

server

Explanation:

According to my research on information technology and business structures, I can say that based on the information provided within the question in this situation they do not need a server for their business. A server is a separate computer hardware that manages a database and allows easy access to the data. Most business need one especially when running a website but since Linda and her mom are working from their basement and are okay with their computers then they will not need a server.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago