The ________ would not be the success it is without standardized protocols and procedures.

Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow

Brilliant_brown [7]

Answer and Explanation:

The Preparation of budgeted functional income statement for 2015 is shown below:-

Pendleton Company

Budgeted functional income statement

For the year ended 2015

Particulars Amount

Sales revenue $2,204,800

($2,000,000 × 106% × 104%)

Less:

Estimated uncollectible accounts at 2% $44,096

Net sales revenue $2,160,704

Less: Cost of goods sold $1,178,320

($1,100,000 × 103% × 104%)

Gross Profit $982,384

Less: Operating expense $575,000

($500,000 + 10%) + $25,000

Net income $407,384

We simply deduct all expenses from the sales revenue so that the net income could come

6 0

4 years ago

During the growth stage of a product life cycle, companies should focus on: a. creating product differentiation. b. increasing o

GuDViN [60]

Answer:

Option A Creating Product Differentiation

Explanation:

The reason is that in the growth stage the company must add further features to the product to increase the product life and also capture the additional market share. This will only be possible if we have product differentiation.

The option D says that using anti-competitive strategy will give advantage to companies but this is not true, the reason is that the entrants enter the market when the product is at mature position (Normally). But this is not true in all situations.

So the best option is A

8 0

3 years ago

Mrs. Brown is a lawyer, specialized in common-law and she

jeka57 [31]

Mrs. Brown has to follow the provincial law regime.

Explanation:

The basic difference between federal and provincial law is that federal law or the federal government enacts laws and legislation for all the state of the country while provincial laws are those laws that are for the specific province or state. Furthermore, the Federal government has the authority to enact criminal laws and enactments while the provincial law has got no such authority.
The Canadian Federal Government is solely responsible for making laws and legislation that covers and impacts the entire country while the provincial government has the authority to make enactments which directly impacts and concerns their territory. The federal laws concern laws governing the national interest of the country including national defense, criminal law, and national postal services while health care, public education, and highways are part of provincial government legislation.
In the given question, Mrs. Brown who is a lawyer by profession wants to create a company to operate her business activities in all provinces and territories - this is a situation which requires provincial law to be implemented since it concerns the business formation and it's operation for an individual and hence doesn't concerns the national interest of the country.

7 0

4 years ago

The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $4

marissa [1.9K]

Answer:

The answer is: 44 days

Explanation:

First we have to calculate accounts receivable turnover for Gervais Manufacturing:

= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times

Then to calculate the average collection period for accounts receivable we:

= 365 days / 8.33 = 43.8 days ≈ 44 days

8 0

3 years ago

The output effect of a change in the wage rate on a firm's demand for labor input will be greater A. the larger the share of lab

sweet [91]

Answer:

A. the larger the share of labor costs in total costs and the greater the price elasticity of demand for output.

Explanation:

In the case when there is the change in the wage rate so the output impact on the demand of the firm with respect to the labor input should be greater. And, if the share of the labor cost should be greater in the total cost also at the same time the price elasticity of demand with regard to the output is higher

Therefore the option A is considered

4 0

3 years ago