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Yuri [45]
3 years ago
6

Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no

t carry products in spring colors in the fall and winter when the focus in on browns and greens. Which of the following utilities explains the reason for spring-colored product availability?
(a) Place utility.
(b) Time utility.
(c) Form utility.
(d) Possession utility.
Business
1 answer:
rusak2 [61]3 years ago
8 0

Answer:

The answer is: B) Time utility

Explanation:

Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.

For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.

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Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gros
stich3 [128]

Answer:

$80,000

Explanation:

Calculation for the net income for Dana's Dress Shop using the traditional format

NET INCOME USING TRADITIONAL FORMAT

Using this formula

NET INCOME=Gross Margin -Total Selling & Administrative Expenses

Where,

Gross Margin =$140,000

Total Selling & Administrative Expenses=$60,000

Let plug in the formula

NET INCOME=$140,000-$60,000

NET INCOME=$80,000

Therefore the NET INCOME will be $80,000.

7 0
2 years ago
Pronghorn Company purchased equipment for $251,930 on October 1, 2017. It is estimated that the equipment will have a useful lif
GenaCL600 [577]

Answer:

Pronghorn Company

Depreciation Expense under Production Hours & Production Units:

c) Production Unit:

Depreciation Rate =Depreciable amount/Production hours

= $5.90 per unit

for 1,100 units, Depreciation expense = 1,100 x  $5,90 = $6,490

b) Production hours:

Depreciation Rate = Depreciable amount/Production hours

= $237,770/20,100 = $11.83 per hour

For 530 hours, depreciation expense = 530 x $11.83 = $6,270

Explanation:

1. Data:

Pronghorn Company:

October 1, 2017

Purchase of Equipment for $251,930

Salvage value                            14,160

Depreciable amount           $237,770

2. Depreciation Expenses based on production hours and hours are some of the methods to depreciate an equipment used for production.  Using these methods, the depreciation rate is determined and then multiplied by usage (hours or units) to obtain the depreciation expense for the period.  The methods are simple and logical for depreciating production equipment.

8 0
3 years ago
Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ende
lara31 [8.8K]

Answer:

Target Corporation

Common-Size Income Statement

Year ended:                                                                   January 28, 2012

Sales revenue                                                                       100.0%

Cost of sales                                                                               61.8%

Selling, general and administrative expenses                       18.2%

Depreciation and amortization                                               2.8%

Earnings from continuing operations before interest

expense and income taxes                                                        18.5%

Net interest expense                                                                1.1%

Earnings from continuing operations before income taxes      17.4%

Provision for income taxes                                                        2%

Net earnings from continuing operations                                15.4%

Every line item in the income statement is divided by the sales revenue.

Explanation:

Fiscal year ended January 28, 2012

Sales = $77,466

Net credit card revenues = 1,399

Cost of sales = 47,860

Selling, general and administrative expenses = 14,106

Credit card expenses = 446

Depreciation and amortization = 2,131

Earnings before interest expense and income taxes = 14,322

Net interest expense = 866

Earnings before income taxes = 13,456

Provision for income taxes = 1,527

Net earnings = $11,929

3 0
3 years ago
There are seven stages of the new-product development process. After screening and evaluation is stage 4, the __________ stage.
Lilit [14]

Answer:

The answer is: C) Business analysis

Explanation:

In this stage the projected sales, costs and profits are reviewed. If they comply with the organization´s goals and objectives, then the process advances to the next step.

Every stage in this process is important, but you must remember the ultimate goal of a business is to maximize its profit. So no matter how extremely good a product is, if the business can not make a profit, it is useless.

7 0
3 years ago
Columbus Company owns 25% of Zanesville Inc. and accounts for the investment using the equity method. During the year, Zanesvill
MA_775_DIABLO [31]

Answer:

The correct option is C,the investment decreases by $418,950.

Explanation:

The equity method of accounting for stock investment requires that the investor should increase its investment value by the share of net income in a year and decrease same by the amount of cash dividends received from  the investee company.

However,the opposite would be the case of net loss recorded in the year under review(share of net loss would be deducted from investment value) as shown below:

Share of net loss ($1,602,000*25%)    ($400,500)

share of cash dividends($73,800*25%)($18,450)

total reduction in investment value       ($418,950 )

7 0
3 years ago
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