Company AA had net income of $20,000 in 2017. Compared to previous year, Accounts Receivable decreased by $10,000, Prepaid Rent
1 answer:
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The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
- Let the number of bananas be B.
<u>Given the following data:</u>
- A dozen oranges = $3. 50
- Bananas = $0. 25
- Total cost = $5.75
<u>Note:</u> A dozen oranges is equal to 12 oranges.
To determine the number line that best represents the number of bananas Joey purchased:
First of all, we would calculate the number of bananas that Joey purchased:
B = 9 bananas.
<u>For the </u><u>number line</u><u>:</u>
The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
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Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year =
or
=
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours
Answer:
a. 3.58
Explanation:
the price earning ratio is obtain with the following formula:
We are given with the market price, now we need to solve for the EPS
with sales and profit margin we solve for net income. then we divide by the shares outstanding to get the EPS
823,000 sales x 4.2 profit margin = 34.566 net income
now we solve for EPS Earning per share:
Now we can sovle for price-earnings ratio
16.50/4.61 = 3,5791 = 3.58