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Elina [12.6K]
2 years ago
7

Buckeye Incorporated has operating income of $ 434,000​, a sales margin of 7​%, and a capital turnover rate of 2. What amount wo

uld Buckeye report for​ sale
Business
1 answer:
Over [174]2 years ago
7 0

Answer:

The amount Buckeye would report for​ sale is <u>$6,200,000</u>.

Explanation:

Sale refers to income or revenue that a company got by selling its goods or providing its services.

In accounting ratio analysis, sales margin is obtained by dividing the operating profit by sale. Therefore, the formula for sales margin can be written as follows:

Sales margin = Operating income / Sale ................... (1)

To obtain Sale, we can substitute the figures for sales margin and operating profit from the question into equation (1) and then solve for sale as follows:

7% = $434,000​ / Sale

Sale * 7% = $434,000

Sale = $434,000 / 7%

Sale = $6,200,000

Therefore, the amount Buckeye would report for​ sale is <u>$6,200,000</u>.

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velikii [3]

Answer:

hello please stop posting stuff that are unnecessary.thank you have a Wonderful day.

Explanation:

7 0
3 years ago
Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

5 0
2 years ago
How much resistance is ther in a 12-volt circuit with a 2-amp current
Nataly [62]

GIVEN -> Voltage in circuit = 12 V 
 Current in circuit = 2 A  
To find resistance we will use the well known equation or Ohms Law equation,
 which is; V = IR 
 hence R = V/I
  R = (12 V) / 2 A
  R = 6 ohm 
 therefore, ideally the resistance in the circuit would be equal to 6 ohms.
6 0
2 years ago
​Revel Inc., a cell phone manufacturer, decides to launch its new range of smartphones on the company's official Web site so tha
Nikolay [14]

Answer:

The answer is: Place

Explanation:

The four elements of the marketing mix (4 P´s) are:

  • Price
  • Product
  • Place
  • Promotion

Place (or distribution) refers to the point of sale.

Before Amazon, retailers would pay high prices for the right place to set up a store, "location, location, location" was everything. But internet sales shattered that scheme, just ask Sears or JC Penny about it.

With internet sales you can sell your product anywhere (all around the world) and many times you don´t even need a physical store. All you need are good logistics.

3 0
3 years ago
For years, the network administrator at your company performed off-site backups by putting a set of tapes in his home safe every
Oduvanchick [21]

Answer:

The disadvantages of cloud back-ups are:

  • It is relatively more expensive
  • Its' efficiency depends totally on the speed of the internet service provider. If the provider of the service has slow bandwidth and the internet is slow, then it may take a very long time to retrieve the backups.
  • Where there is no internet access at all, it becomes impossible to get the back-ups.

Explanation:

When companies opt to save a copy of their data on a location other than their physical location such as a remote server, it is referred to as Cloud-Backup. On-site back-ups on the other hand entail saving company data on a physical apparatus such as disks, drives, etc.

Data back-up is essential to maintain business continuity. If a business such as a telecommunications company lost all of its data including those of its customers, it most likely will go belly-up.

Another reason why people opt for Cloud-backup is that it saves the offers increased security and ease of maintenance.

Cheers

7 0
3 years ago
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