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3 years ago

Career pathways never overlap. True OB. False

Business

1 answer:

viktelen [127]3 years ago

3 0

Answer: The answer is B. False. I got this question on my test and got it right.

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Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

4 0

3 years ago

Cool Gelato uses various sizes of foam cups. The use of 8oz foam cups is constant throughout the year, and Cool Gelato expects t

ruslelena [56]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

3 years ago

Luis consulting started the year with total assets of $60,000 and total liabilities of $17,000. during the year, the business re

BARSIC [14]

Owner's equity at the beginning of the year is
Assets-liabilities
60,000−17,000=43,000

Owner's equity at the end of the year is
Beginning balance+revenues-expenses+additional investment-withdrawal amount
43,000+48,000−36,000
+8,000−9,000
=54,000

Owner's equity changed by
ending balance-beginning balance
54,000−43,000=11,000. ..answer

6 0

3 years ago

Hitzu Co. sold a copier (that costs $7,500) for $15,000 cash with a two-year parts warranty to a customer on August 16 of Year 1

worty [1.4K]

Answer:

1.Warranty expense

$ 750

2.Estimated warranty liability

$ 750

3. Warranty Expense $ 0

Estimated warranty liability

$ 626

5. Hitzu Co. Journal entries

Aug 16

Dr Cash 15,000

Cr Sales 15,000

Aug 16

Dr Cost of goods sold 7500

Cr Merchandise inventory 7500

Dec 31

Dr Warranty expense 750

Cr Estimated Warranty liability 750

Dec 31

Dr Estimated warranty liability 124

Cr Repair part inventory 124

Explanation:

Warranty expense 5% of dollar sales

= 5% × $15,000 = $750.

The December 31, 2017, balance of the liability equals the expense because no repairs are provided in 2017. Therefore, the ending balance of the Estimated Warranty Liability account is $750.

The company should report no additional warranty expense in 2018 for this copier.

The December 31, 2018, balance of the Estimated Warranty Liability account equals the 2016 beginning balance minus the costs incurred in 2018to repair the copier:

Beginning 2016 balance $ 750

Less parts cost (124)

Ending 2018 balance $626

4 0

3 years ago

Choose the strategy of following scenarios whether it describe business level or corporate level.

Serggg [28]

It’s a I promise I did the test!!

3 0

2 years ago