Answer:
net income = $100000
Explanation:
given data
sales = $900,000
cost of goods = $600,000
operating expenses = $200,000
variable = 70%
fixed = 30%
solution
CVP income statement
sales = $900,000
total variable cost = sales - ( cost of good sold ) - (operating expenses )
total variable cost = $900,000 - ( $600,000 × 70% ) - ($200,000 × 70% )
total variable cost = $560000
and
contribution is $340000
fixed cost = ( cost of good sold ) - (operating expenses )
fixed cost = ( $600,000 × 30% ) - ($200,000 × 30% )
fixed cost = $240000
so net income is = contribution - fixed cost
net income is = $340000 - $240000
net income = $100000
Answer:
A certificate of deposit; a time deposit
Explanation:
Answer:
$237,855
Explanation:
Opening inventory = $157,000
Purchases = $502,900
Sales revenue = $649,300
gross profit = 35% of sales
= 35% × $649,300
= $227,255
cost of goods sold = $649,300 - $227,255
= $422,045
Opening inventory + purchases - cost of goods sold = closing inventory
$157,000 + $502,900 - $422,045 = closing inventory
closing inventory = $237,855
An estimate of Coronado’s April 30 inventory that was destroyed by fire is $237,855
Answer:
The adjusting entry is:
Debit Depreciation Expense - Equipment $1,800
Credit Accumulated Depreciation - Equipment $1,800
To record depreciation expense.
Explanation:
The adjusting journal entry records the depreciation expense for the year and adds the expense to the accumulated depreciation account. The accumulated depreciation account is a contra account to the Equipment account. The purpose that this contra account serves is to keep the Equipment account at its cost value while the gradual write-off of its value is reflected in an opposite account.
The answer is D)<span> Insulating teams – (example--the scientific team that developed the atomic bomb)
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While the example of the atomic bomb is a bit of stretch many companies still use such internal tactics.
For example, companies in the creative industries, Research & Development, Deep Tech and Information Technology also work through insulating teams to protect intellectual property or whatever the outcomes of the project will be.
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