All categories

3 years ago

"Sanchez Company engaged in the following transactions during Year 1:

Business

1 answer:

kupik [55]3 years ago

6 0

Answer:

6,500 ; $2,000

Explanation:

The computation of the gross margin for the year 2 is shown below:

As we know that

Gross margin = Sales - cost of goods sold

= $15,000 - $8,500

= $6,500

Now for retained earning, first we have to find out the net income for both years which are shown below:

For year 1

Sales 8,400

Less: Cost of goods sold ($4,300)

Less: Operating expenses ($3,800)

Net income $300

For year 2

Sales $15,000

Less: Cost of goods sold ($8,500)

Less: Operating expenses ($4,800)

Net income $1,700

So, the retained earnings is

= $300 + $1,700

= $2,000

We simply added the net income for the year 1 and year 2 so that the retained earning could come

You might be interested in

At the beginning of a year, a company predicts total direct materials costs of $1,010,000 and total overhead costs of $1,270,000

marin [14]

Answer:

1.267 = Overhead Rate

Explanation:

As general approach, the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.

$\frac{Cost\:Of\: Manufacturing\: Overhead}{Cost\: Driver}= $Overhead \:Rate$

In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:

$\frac{1,270,000}{1,010,000}= $Overhead Rate$

Using Direct Materials cost, the rate would be:

$1.257425743= $Overhead Rate$

3 0

3 years ago

A healthy fast-casual restaurant that offers only vegetarian and vegan meals insists on portraying organic ingredients in its ad

Gelneren [198K]

The strategy that they use is signaling value by targeting sophisticated buyers

This type of strategy could only work if the target market has specific preferences.
Even though the number of potential consumers for this market tend to be considerably small compared to another market, but the customers that obtained through this strategy tend to show higher level of loyalty.

5 0

3 years ago

Can someone make a ggle account for me please

pshichka [43]

Answer:

sure thing

Explanation:

its all set up for you. here is your username and password. I dont have access to your account just to let you know

username: fun05934

Password:funnyguy67

5 0

3 years ago

The aggregate demand and aggregate supply model is a useful simplification of the macroeconomy used to explain short-run fluctua

lys-0071 [83]

Answer:

QUESTION 1:

The horizontal axis measures an economy's real GDP- 3

QUESTION 2:

As price level rises, imports become relatively cheaper than domestically produced goods- 1

Explanation:

QUESTION 1

The horizontal axis of the aggregate demand and aggregate supply measures an economy's real GDP. The GDP is the sum of all the final goods and services produced in the economy while the vertical axis of an aggregate supply and aggregate demand diagram measures the price index level.

QUESTION 2

When domestic interest rate is low compared to foreign interest rates, domestic investors invest in foreign countries where return on investments is higher. Increased outflow of currency to foreign countries, causes a decrease in real exchange rate. This decrease, increases net exports. This then, increases aggregate demand. As the price level drops, interest rates fall, investment in foreign countries becomes increased, real exchange rate falls, net exports increases and the aggregate demand then increases.

7 0

3 years ago

Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers

Artemon [7]

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

8 0

3 years ago