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Bess [88]
2 years ago
5

These financial statement items are for Snyder Corporation at year-end, July 31, 2017. Salaries and wages payable $2,580 Salarie

s and wages expense 50,700 Utilities expense 22,600 Equipment 21,000 Accounts payable 4,100 Service revenue 62,100 Rent revenue 8,500 Notes payable (due 2019) 1,800 Common stock 16,000 Cash 20,200 Accounts receivable 12,780 Accumulated depreciation—equipment 6,000 Dividends 5,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,200
Prepare an income statement for the year ended July 31, 2017
Business
1 answer:
tatiyna2 years ago
6 0

Answer:

Net loss = (6,700)

Explanation:

According to the scenario, computation of the given data are as follow:-

Income Statement

Particular                                        Amount ($)

Revenue from Service                         62,100

Revenue from Rent                         8,500

Less-Salaries and wages expenses   (50,700)

Less-Utilities expenses                       (22,600)

Less-Depreciation expenses       (4,000)

Net loss                                               (6,700)

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Answer:

a. A reduction in business property taxes.  Fixed cost.

Marginal cost curve = No change

Average variable cost curve = No change

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c. A decrease in the price of electricity (Variable cost)

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Average-total-cost curve = Shift down

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Average-fixed-cost curve = Shift up

Average-total-cost curve = Shift up

e. An increase in transportation costs. (Variable cost)

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Average variable cost curve = Shift up

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2. Marginal analysis is sometimes called "thinking on the
antiseptic1488 [7]

Answer:

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6 0
2 years ago
A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = \frac{810}{294}

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Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

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3 years ago
Projects A and B are mutually exclusive and have an initial cost of $82,000 each. Project A provides cash inflows of $34,000 a y
MrRissso [65]

Answer:

If discount rate is 11.7% Project B should be accepted.

If discount rate is 13.5% both projects should be rejected

Explanation:

If the Net present value of Project A is higher than that of project B, we will accept project A and vice versa.

<u>Under 11.7% Discount Rate</u>

Net Present Value-Project A = -82000 + 34000 / 1.117  +  34000 / 1.117²  +   34000 / 1.117³  = $85.099

Net Present Value-Project B = -82000 + 115000 / 1.117³ = $516.029

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<u>Under 13.5% Discount Rate</u>

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Net Present Value-Project B = -82000 + 115000 / 1.135³  = - $3347.91

Both projects should be rejected as both have negative NPVs

7 0
3 years ago
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