1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
3 years ago
12

Seventy-five percent of the research and development and selling expenses were traceable to Askin. Profit before taxes for the A

skin product, per life-cycle income statements, is:
Business
1 answer:
nirvana33 [79]3 years ago
6 0

Answer: $475,000

Explanation:

75% of both the research and development and selling expenses were traceable to Askin.

= 75% * (1,170,000 + 130,000)

= $975,000

Profit before taxes for Askin = Askin Gross Profit - Share of expenses

= 1,400,000 - 975,000

= $475,000

You might be interested in
Copy equipment was acquired at the beginning of the year at a cost of $36,600 that has an estimated residual value of $3,300 and
jeka57 [31]

Answer:

a. $33,300

b. $0.03 per copy

c. $7,560

Explanation:

Units of Output = (Cost - Residual Value) × ( Period`s Production / Total Expected Production)

Depreciable Cost = Cost - Residual Value

                             = $36,600 - $3,300

                             = $33,300

Depreciation Rate = Depreciable cost ÷ Expected Production

                              = $33,300 ÷ 1,110,000 copies

                              = $0.03 per copy

Depreciation for the year = Depreciation Rate × Period`s Production

                                            = $0.03 × 252,000 copies

                                            = $7,560

8 0
3 years ago
Renee opened her business with the intention of importing goods from Brazil and selling them in the United States. We could say
Katen [24]

Answer: Born global

Explanation:

Born global is described as businesses which start with the intention of main their business already an international, as they target to do business globally. Many organizations start up their activities with the intentions of doing business globally, they focus their market to the world at large than just doing trade locally.

5 0
3 years ago
In the event a firm goes bankrupt, an investment grade senior debenture bond is more likely to receive liquidation proceeds than
Elina [12.6K]
The answer that best fits the blank provided above is A SUBORDINATED DEBENTURE. Subordinated debenture is also known as subordinated debt. This kind of debt that ranks just below other loans whenever the company files bankruptcy. This is what is received instead of the liquidation proceeds.
3 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
Sandoval needs to determine its year-end inventory. the warehouse contains 33,000 units, of which 4,300 were damaged by flood an
ad-work [718]
33,000 - 4,300 equals 28,700.
28,700 + 3,300 equals 32,000.
32,000 + 5,300 equals 37,300

37,300 units in year-end inventory
5 0
3 years ago
Other questions:
  • The _____ tax rate is the percentage of additional earnings that goes to taxes.
    11·1 answer
  • after mislabeling a product that has been packaged and distributed what should a company do to correct this problem
    14·1 answer
  • The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the cost of the ending inventory
    6·1 answer
  • On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo
    12·1 answer
  • _________ occurs when an individual or business capitalizes on a price differential for a firm's product between two countries b
    7·1 answer
  • Which term refers to the possibility of an investor losing some or all of an investment?
    11·1 answer
  • how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
    11·1 answer
  • PLEASE HELP! you get 20 points
    7·1 answer
  • 1. Identify the factors that impact the social responsibility policies implemented by businesses.
    8·1 answer
  • An annual report for International Paper Company included the following note:The last-in, first-out inventory method is used to
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!