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3 years ago

The following transactions were completed by the company.

Business

1 answer:

Nana76 [90]3 years ago

3 0

Answer:

Since there is not enough room here, I used an excel spreadsheet to answer the question.

Assets increased by $8,440

Stockholders' equity increased by $8,440

Revenues increased by $8,440

Cash flows increased by $6,040

Explanation:

The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).

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Jake is in the stands at a football game with his girlfriend. He decides that he needs to ask her something very personal, so he

kenny6666 [7]

Jake has changed the SOCIAL PSYCHOLOGICAL CONTEXT.
Context refers to the environment in which communication take place. There are four types of context, which are: cultural, temporal, physical and social psychological context.
Social psychological context refers to the formality or informality of the situation depending on the relationship between the two people that are communicating.<span />

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2 years ago

Read 2 more answers

Jake considers himself to be a follower of Thomas Malthus. Which of the following statements would Jake be most likely to make?

Ber [7]

Answer:

Explanation:

The Malthus theory states that population should be controlled because there are no enough resources to please the future needs. This is how it works: in the short-run there is a change in technology that leads to an increase in income. Because people have more income, better life standards, the birth rate increases and exceeds the death rate. In the long-run total income would have to be distributed between more people than before and the economy reaches the equilibrium again, in which the birth rate equals the death rate.

In other words, econmic success becomes a reproductive success.

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3 years ago

Exercise 6-18 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio [LO6-1, LO6-3, LO6-5, LO6-6, LO6-7]Menlo Company

bonufazy [111]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales= $640,000 ($40)

Variable expenses= 448,000 (28)

Contribution margin= 192,000 ($12)

Fixed expenses= (145,200)

Net operating income=$46,800

1) To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 145,200/(40-28)

Break-even point in units= 12,100 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 145,200/ (12/40)

Break-even point (dollars)= $484,000

<u>2) The break-even point is the number of units to sell to reach a net profit of cero. Therefore, the contribution margin must be equal to the fixed costs.</u>

Contribution margin= 145,200

3) profit= $75,600

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Break-even point in units= 220,800/12

Break-even point in units= 18,400 units

Sales= 18,400*40= 736,000

Total variable costs= 18,400*28= (515,200)

Contribution margin= 220,800

Fixed costs= 145,200

Net profit= 75,600

4) The margin of safety:

Margin of safety= (current sales level - break-even point)

Margin of safety= 640,000 - 484,000= $156,000

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 156,000/640,000

Margin of safety ratio= 0.244= 24.4%

5) Contribution margin ratio= 12/40= 0.3

Net increase= 96,000*0.3= $28,800

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3 years ago

You are bearish on Telecom and decide to sell short 100 shares at the current market price of $50 per share.

Elden [556K]

Answer:

A. $2,500

B. $60

Explanation:

A. Calculation to determine How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position

Initial Margin = 100*$50*50%

Initial Margin = $2,500

Therefore The amount of securities that you must put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position is $2,500

b. Calculation to determine How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position

First step is to calculate the Maintenance Margin per share

Maintenance Margin per share = $50*30%

Maintenance Margin per share =$15

Second step is to calculate the Rise in price required

Rise in price required = $50*50% - $15

Rise in price required= $10

Now let calculate How high can the price of the stock go

Price of stock=$50+$10

Price of stock= $60

Therefore How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position is $60

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2 years ago

If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,

Zepler [3.9K]

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

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3 years ago