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3 years ago

Are good places to look to find your current expenses when building your budget.

Business

1 answer:

Lena [83]3 years ago

4 0

Answer:

a good way to keep track of monthly expenses would be to start writing down regular monthly expenses like rent,bills and so on for a month and then add in all your other regular monthly expenses. it would take a few months after that to keep track of non regular expenses so you can come up with an average.

Explanation:

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The Break-Even Point in your business is when

nydimaria [60]

Answer: In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.

Explanation:

5 0

4 years ago

Definition of economic costs

VikaD [51]

Answer:

Definition of Economic Costs

Implicit and Explicit Costs:

The wholesale cost for the pianos that Darnell pays the manufacturer Explicit Cost

The salary Darnell could earn if he worked as an accountant Implicit Cost

The wages and utility bills that Darnell pays Explicit Costs

The rental income Darnell could receive if he chose to rent out his showroom Implicit Cost

Complete the following table by determining Darnell's accounting and economic profit of his piano business.

Profit

(Dollars)

Accounting Profit $89,000

Economic Profit $3,000 ($89,000 - 86,000)

If Darnell's goal is to maximize his economic profit, he( should, should not) stay in the piano business because the economic profit he would earn as an accountant would be $__86,000____.

This economic profit includes the rental and salary income that Darnell can earn.

Explanation:

a) Data:

Sales Revenue = $842,000

Cost of goods sold 452,000

Wages & Utilities = 301,000

Opportunity cost of showroom = $38,000

Opportunity cost of employment = $48,000

Total opportunity cost = $86,000

Profit (Dollars)

Sales Revenue = $842,000

Cost of goods sold 452,000

Gross profit $390,000

Wages & Utilities = 301,000

Net Income $89,000

Opportunity cost of showroom = $38,000

Opportunity cost of employment = $48,000

Total opportunity cost = $86,000

6 0

3 years ago

Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri

Mnenie [13.5K]

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

8 0

3 years ago

The following information was taken from the financial statements of Fox Resources for December 31 of the current fiscal year: C

WINSTONCH [101]

Answer:

Fox Resources

Units of common stock in issue = $5,000,000 divided $20 = 250,000 units

A. Earnings per share = Net income (after deducting preferred stock interest) divided by number of outstanding shares in issue

We assume the Net income provided already has deducted interest on preferred stock

= 600,000/250,000

= $2.4

B. Price Earning Ratio

= share price divided by the Earnings per share

= 20/2.4

= 8.33

C. Dividend Per share

= Dividend paid divided by number of common stock issued & outstanding

= $125,000/250,000

= $0.50

6 0

3 years ago

Choose and describe a business that you would expect to have highly liquid assets and share a photo of that business (or company

Slav-nsk [51]

Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0

3 years ago