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Trava [24]
3 years ago
11

MC Qu. 90 A company is planning to purchase... A company is planning to purchase a machine that will cost $30,600 with a six-yea

r life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $ 98,000 Costs: Manufacturing $ 50,500 Depreciation on machine 5,100 Selling and administrative expenses 38,000 (93,600 ) Income before taxes $ 4,400 Income tax (30%) (1,320 ) Net income $ 3,080
Business
1 answer:
faltersainse [42]3 years ago
3 0

Answer:

Accounting rate of return = 20.53%

Explanation:

<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.</em>

The simple rate of return can be calculated using the two formula below:

Accounting rate of return

= Annual operating income/Average investment × 100

Average investment = (Initial cost + scrap value)/2

                                     = 30,000/2= 15,000

Accounting rate of return = ( 3080/15,000) × 100 = 20.53%

Accounting rate of return = 20.53%

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Limited decision making is used when purchasing frequently bought, low-cost items needing very little decision effort.
Kay [80]

Answer:

True

Explanation:

Routinized response behavior  is the decision making process used by consumers when they buy frequently purchased, low cost items that require very little search and decision effort.

Convenience goods are low cost goods that are purchased frequently with very little search and decision effort, e.g. candy, cold drinks, etc.

5 0
4 years ago
Flintlnc. provided the following information for the year 2017.
gtnhenbr [62]

Answer: See explanation

Explanation:

1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)

The income from continuing operations for earnings per share was calculated as:

= 285000/100000

= $2.85

The loss on discontinued operations was calculated as:

= 35190/100000 shares

= 0.35

Check the attachment for the solution.

2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.

Check the attachment for the solution

8 0
4 years ago
Which scenario best reflects the relationship between production and demand in a recession?
Maurinko [17]

Answer:

you know the more you delete my aswers the more mad i get so your punishment is getting spammed have fun!!!

Explanation:

The post has just arrived and in it a very nice surprise, the discovery that Jacques Seguela, one-time adviser to President Mitterrand, now close confidant of President and Madame Sarkozy (indeed he intoduced them), and something of a legend in French political communications, has dedicated his latest book to little old moi.

With apologies for the missing accents here and in the French bits of the long posting which follows – the dedication to ‘Le Pouvoir dans la Peau‘ (Power in the skin) reads ‘A Alastair Campbell, mon spin doctor prefere’ (three missing accents in one word – mes excuses sinceres).

So what did I do for this honour, you are asking? Well, perhaps the fact that he asked me to read his book, and write a ‘postface’ assessment both of his writing and of the issues he covers, and the fact that I said yes, has something to do with it. He says some blushmakingly kind things in his ‘preface to the postface’, which I will have to leave to French readers of the whole thing (published by Plon). But for the largely Anglophone visitors of this blog, I thought some of you might like to read the said ‘postface’ in English (apart from the bits where I quote direct from his book). I hope all those students who write asking for help with dissertations will find something quotable in it.

Meanwhile I am off to Norway for a conference and a meeting with the Norwegian Labour Party. I’m looking forward to being in the country with the highest ‘human development index’ in the world, and which showed such a mature response to the recent massacre of Oslo and Utoya.

Here is the postface to Le Pouvoir dans la Peau

Jacques Seguela writes about political campaigns and communications not merely as an expert analyst, but as an experienced practitioner. Hence his latest book contains both insights worth heeding, but also enlivening tales of his own experience. He is observer and participant; outsider looking in, and insider looking out.  There is much to look at, not least in France with a Presidential election looming, and the outcome far from easy to predict.

so lol

\

3 0
4 years ago
An ad in a newspaper reads: "AVAILABLE TODAY ONLY. FRIENDLY'S APPLIANCES. CLEARANCE SALE FOR ALL FLOOR ITEMS. 75% OFF RETAIL PRI
geniusboy [140]

Answer:

The correct answer is: The Uniform Commercial Code.

Explanation:

The Uniform Commercial Code (UCC) is the main set of laws regulating commerce in the U.S. The UCC focuses on how financial and commercial transactions are handled ruling the bad practices some companies could incur in an attempt of generating more profit. The UCC is adopted by most states in the U.S. and each of them has adapated it with some variations.

8 0
3 years ago
What is the government's goal when providing a company with a subsidy?
kirill [66]

Answer:

c) to increase their supply

Explanation:

A subsidy is an incentive or motivation from the government to private businesses or individuals. Subsidies are usually in the form of cash, tax breaks, loans, or grants. The government gives subsidies to support production in the sector it wishes to promote.

Subsidies lower the cost of production to the business. Consequently, an entity increases its production quantities and can supply the market at lower prices. Subsidies, therefore, increase supplies in the market at friendly prices.

3 0
3 years ago
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