Answer:
The correct answer is letter "C": The owners' equity that has accumulated as a result of profitable operations.
Explanation:
Retained Earnings are the part of the company's net profits it does not pay out as dividends to shareholders. The company retains the money and reinvests it in the company, or uses it to pay off a part of its debt. To see how much profits a corporation has kept, look under the Shareholder's equity in the Balance Sheet.
Answer:
an increase in the operating income by $16,322
Explanation:
The computation of the impact in the operating income is given below:
Variable cost of 75 units (1300000 × 75 ÷ 12700) 7,678
Sale price of 75 units (75 × 320) 24,000
Increase in operating income (24000 - 7678) $16,322
hence, the impact in the operating income is that there is an increase in the operating income by $16,322
Answer:
$112,500
Explanation:
July August September October
Credit Sales(90000*75%) 67,500
(110,000*75%) 82,500
(120,000*75%) 90,000
Cash Sales (120,000*25% 30,000
<em>Total Cash expected to be collected in September will be;</em>
Credit Sales of August $82,500
Cash Sales of September $30,000
Total cash expected to be collected in September =$112,500
Answer:
the formula in cell F5 =IF(AND(B5="FT",C5>0),0.07*(D5-E5),0.05*(D5-E5))
Explanation
Check attachment for the given data and solution data
Answer:
E. Elastic
Explanation:
Unit elastic demand is when the quantity demanded changes by the same percentage that the price does.
Inelastic demand is when the quantity demanded changes less than the price does.
Elastic demand is when an increase in prices causes a bigger percentage fall in demand. It is also when price or other factors have a big effect on the quantity consumers want to buy. In this case; the price rises 20% (50 to 60) and demand falls 50% (100 to 50), so the demand for Coca-Cola is elastic
