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2 years ago

From the following information, construct a simple income statement and a balance sheet:

Business

1 answer:

yaroslaw [1]2 years ago

6 0

Answer and Explanation:

The Preparation of the simple income statement and a balance sheet is shown below:-

Corporation X

Income Statement

for the Year Ended xxxx

Particulars Amount

Sales $1,000,000

Less: Cost of goods sold $500,000

Gross profit $500,000

Less: Other expenses $60,000

EBIT $440,000

Less: Interest $70,000

EBT $370,000

Less: Income tax $100,000

Net income $270,000

Number of shares outstanding $80,000

Earning per share $3.375

(Net income ÷ Number of shares outstanding)

Corporation X

Income Statement

for the Year Ended xxxx

Particulars Amount

Assets

Cash $70,000

Accounts Receivable $150,000

Inventory

Raw Material $80,000

Finished Goods $250,000

Total Current Assets $550,000

Plant & Equipment $410,000

Total Assets $960,000

Liabilities

Accounts Payable $160,000

Other Current Liabilities $60,000

Total Current Liabilities $220,000

Long term Debt $200,000

Equity $540,000

Total Liabilities & Equity $960,000

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Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role

nikdorinn [45]

Answer:

Psychological value

Explanation:

Psychological value :

In psychology Value alludes to the relative significance that an individual places on a thing, thought, individual.

The term value has two related at this point particular implications. In its social-mental significance, conversely, a worth is a dynamic, attractive end express that individuals take a stab at or plan to maintain, for example, opportunity, dedication, or convention.

7 0

2 years ago

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order

AleksandrR [38]

Answer:

1. Throughput Time = 9.2 days

2. Manufacturing Cycle Efficiency = 29%

3. 71% throughput time was spent in non value added activities.

4. Delivery Cycle Time = 25.8 days

5. New MCE = 57%

Explanation:

Given

Inspection time 0.7 days

Wait time 16.6 days

Process time 2.7 days

Move time 1.3 days

Queue time 4.5 days

1. The throughput time is calculated by adding all time except the wait time.

I.e.

Throughput time = Inspection time + Process time + Move time + Queue time

Throughput Time = 0.7 days + 2.7 days + 1.3 days + 4.5 days

Throughput Time = 9.2 days

2. Calculating the manufacturing cycle efficiency.

Manufacturing Cycle Efficiency is calculated by dividing value added time by throughput time.

Where the value added time = the process time = 2.7 days

And throughput time = 9.2 days (calculated in (a) above)

Manufacturing Cycle Efficiency = 2.7 days ÷ 9.2 days

Manufacturing Cycle Efficiency = 0.2934782609

Manufacturing Cycle Efficiency = 29.34782609%

Manufacturing Cycle Efficiency = 29%

3. Calculating the percentage of the throughput time was spent in non–value-added activities.

This is calculated by subtracting MCE calculated above from 100%

% throughput time = 100% - 29%

% throughput time = 71%

So, if 29% throughput time was spent in value added activities, 71% throughput time was spent in non value added activities.

4. Calculating the delivery cycle time.

This is calculated by adding the wait time to throughput time.

i.e.

Delivery Cycle Time = Wait Time + Throughput Time

Where Wait Time = 16.6 days and Throughput Time = 9.2 days

Delivery Cycle Time = 16.6 days + 9.2 days

Delivery Cycle Time = 25.8 days

5. Calculating new MCE.

Here, we'll used the same formula used in (2) above

i.e

Manufacturing Cycle Efficiency is calculated by dividing value added time by throughput time.

Where the value added time = the process time = 2.7 days

But throughput time will be calculated as

Throughput time = Inspection time + Process time + Move time (because of the elimination of all queue time)

Throughput Time = 0.7 days + 2.7 days + 1.3 days

Throughput Time = 4.7 days

So, New MCE = 2.7 days ÷ 4.7 days

New MCE = 0.5744680851

New MCE = 57.44680861%

New MCE = 57%

6 0

2 years ago

Read 2 more answers

An excerpt of an introduction of a cover letter about a Marketing position.

kolezko [41]

Answer:

answer is b

Explanation:

its b

8 0

3 years ago

Is shift work involved for lawyers??

Mamont248 [21]

Answer:

I think so.

Explanation:

This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!

4 0

3 years ago

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

COGS= 1150*40= $46,000

C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

COGS= 200* 36 + 550*38+ 400*42= $44,900

8 0

3 years ago