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3 years ago

Skidmore Music Company had the following transactions in March:

Business

1 answer:

finlep [7]3 years ago

5 0

Answer: Check attachment

Explanation:

A cash basis income statement is simply referred to as an income statement which contains revenues and expenditures for the company whereby cash has either being received or paid by the company.

For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

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Use information from the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to determin

Anton [14]

Answer:

1. False. The peak of 86 MILLION occurred in the year of 1996 and not in 2001 as per the reports of food and agricultural organisation of UN.

2. True. The given statement is correct from the source.

3. False. As per the research conducted on the basis of catch reconstruction, the catches have been declining due top several reasons.

4. The last statement is totally correct as verified by the source mentioned.

3 0

3 years ago

The Total Debt to Total Capital ratio is an effective type of debt management ratio because it gives an idea of:______

Vaselesa [24]

Answer:

c. how the firm has financed its assets as well as the firm’s ability to repay its long-term debt.

Explanation:

The Total Debt to Total Capital ratio is also known as the Debt to Equity Ratio. This ratio shows how much foreign money is used by the Company. Also important, it reveal the firms ability to repay its long term debt.

7 0

2 years ago

GEICO, the number-two auto insurer with $15 billion in revenue last year, spent $0.8 billion on advertising that year and p

Oduvanchick [21]

Answer:

$1.01 billion

Explanation:

The computation of the amount for advertising based on projected sales is shown below:

= Advertising expense ÷ sales × projected sales in next year

= $0.8 billion ÷ $15 billion × $19 billion

= $1.01 billion

First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year in order to find out the advertising based on projected sales

3 0

2 years ago

Bryant Company has a factory machine with a book value of $93,100 and a remaining useful life of 5 years. It can be sold for $27

NISA [10]

Answer:

The old machine should be replaced.

Explanation:

Note: See the attached excel file for the the analysis showing whether the old machine should be retained or replaced.

From the attached excel file, the following calculation are made:

Variable Manufacturing cost of Retain = Initial Variable Manufacturing cost * remaining useful life of old machine = $592,600 * 5 = $2,963,000

Variable Manufacturing cost of Replace = New Variable Manufacturing cost * Remaining useful life of new machine = $505,500 * 5 = $2,527,500

From the attached excel, it can be observed that the total cost of Retain is $32,200 higher than the total cost of Replace. This therefore implies that the old machine should be replaced.

Download xlsx

6 0

3 years ago

While Minimotors has focused on improving production efficiencies, global customers are inquiring about its environmental polici

8_murik_8 [283]

Answer:

The correct answer is letter "B": ISO 14000.

Explanation:

ISO (International Organization for Standardization) 14000 refers to a series of norms in regards to environmental systems management that are related to protection, prevention, pollution, and socio-economic needs. ISO 14000 attempts ton find a balance between economic savings and the decrease of environmental damage.

Institutions ISO 14000 certified have proven to handle businesses keeping a strong environmental policy. In such a scenario, the engineers investigating Minimotors should review the criteria evaluated at the moment of providing that company the ISO 14000 certification and if they have been following it.

7 0

2 years ago