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3 years ago

Why philanthropy is important?

1 answer:

3 0

It is important because it is the start of most businesses and without it we would not have a lot of businesses that we have today.

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Star Health, Inc. is a fitness center in Oklahoma City. In October, the company earned $550,000 in revenues and incurred the

Georgia [21]

Answer: $135.66

Explanation:

Given that,

Revenue earned in October = $550,000

Number of customers = 300

Operating costs:

Manager's Salary = $5,500

Gym Rent = 1,800

Depreciation Expense long dash Equipment = 7,000

Office Supplies Expense = 2,300

Utilities Expense = 1,600

Trainer's Salary = 22,500

Therefore,

Unit cost per customer = $\frac{Sum\ of\ all\ operating\ costs}{no.\ of\ customers}$

= $\frac{5,500+1,800+7,000+2,300+1,600+22,500}{300}$

= $135.66

7 0

3 years ago

On December 31, 2020, Jackson Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulativ

GrogVix [38]

Answer:

Basic earning per share = 1.01 per share

Diluted earning per share = = 0.95 per share

Explanation:

The computation of basic earning per share and diluted earning per share is shown below:-

Income after 7% dividend on cumulative preference share = Net income - (Shares percentage × Shares × par, cumulative preferred stock outstanding)

= $172,905 - (7% × 24,000 × $50)

= $172,905 - $84,000

= 88,905

We assume the closing of books company are closed on 31 Dec so according to that 3 months are taken from Oct to Dec and 10 months are taken from March to Dec

Outstanding shares = Shares of common stock - (Purchased shares × 10 ÷ 12) + (Sold treasury shares × 3 ÷ 12)

= 100,000 - (16,000 × 10 ÷ 12) + (5,200 × 3 ÷ 12)

= 100,000 - 13,333 + 1,300

= 87,967

Now,

Basic earning per share = 88,905 ÷ 87,967

= 1.01 per share

Diluted earning per share

shares to be buy back with proceeds = (42,000 × $27) ÷ $31

= 36,580

Difference = Option to be exercised - Outstanding shares

= 42,000 - 36,580

= 5,420

Outstanding shares = 87,967 + 5,420

= 93,387

So,

Diluted earning per share = 88,905 ÷ 93,387

= 0.95 per share

7 0

3 years ago

Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2

aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0

3 years ago

Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin

klio [65]

Answer:

The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts

Explanation:

Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.

Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.

You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.

5 0

3 years ago

Mary worked for a GM factory in Detroit all her life. Unfortunately, when GM closed the plant because of restructuring, she coul

frutty [35]

Mary would be counted as an example of: structural unemployment.

<h3>What is structural unemployment?</h3>

Structural unemployment can be defined as the situation where a person remain unemployed due to restructuring of the person formal place of work or due to changes in the economy.

This person may tend to find it difficult getting another job despite jobs are available because the skills the person has does not match the skills an employer of labor is looking for.

Inconclusion Mary would be counted as an example of: structural unemployment.

Learn more about structural unemployment here:brainly.com/question/7493146

6 0

2 years ago