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r-ruslan [8.4K]
3 years ago
5

I own a factory which I could lease for $100,000 per year. Instead I use it for my own business making PlayDo figures. I earn $2

00,000 per year selling my PlayDo figures ... the PlayDo costs me $1,000 per year. If I were not making PlayDo figures I would be working as a bouncer at the Foothill Cafeteria making $99,000 per year (....it's a tough crowd). Considering only these expenses... My accounting profits as a PlayDo artist are:
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer:

$199,000

Explanation:

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

We can calculate the accounting profit by using following formula:-

Accounting Profits = Total Sales - Cost

By putting the value we get,

= $200,000 - $1,000

= $199,000

According to the analysis, his accounting profits as a play do artist are $199,000.

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Discuss which financial management practices are least effective in creating and monitoring an operating budget.
Vinil7 [7]

Top down/bottom up budgets, lack of control, poor inventorying, lack of staff investment, over control are the least effective financial management practices in creating and monitoring an operating budget.

The operating budget includes the expenditures and revenues generated by the company's daily business functions. The operating budget focuses on operating expenses, such as the cost of goods sold in the market, also known as the cost of sold goods (COGS), and revenue or income. COGS is the cost of direct labor and direct materials used in the production process.

The operating budget also includes overhead and administration costs that are directly related to manufacturing goods and providing services. However, capital expenditures and long-term loans will not be included in the operating budget. Budgets for sales, production process or manufacturing, labor, overhead, and administration are a few examples of frequently utilized operating budgets.

Learn more about operating budget here:

brainly.com/question/14346551

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6 0
1 year ago
Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers
Rus_ich [418]

Answer:

Option (A) is correct.

Explanation:

Given that,

2018:

Accounts receivable (net) = $20

Net sales = $115

Cost of goods sold = $60

Net income = $20

Inventory turnover = 5.22

Return on equity = Return on assets × Equity multiple

                             = 10.3% × 2.36

                             = 24.308% or 24.3%

Therefore, Dowling's return on equity for 2018 is 24.3%.

5 0
3 years ago
Swifty's Market used the perpetual method to record the following events involving a recent purchase of inventory:
butalik [34]

Answer:

Inventory balance will be of 73,318

Explanation:

Inventory                     75,400

     Account payable                75,400

to record goods received

Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

            Inventory                         1,482

            Cash                              72,618

to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

 75,400

                       1,300

      700

                       1,482

<u><em>balance: </em></u>

  73,318

8 0
2 years ago
(Economics)
bixtya [17]
Entrepeneur is a person who organizes, operates, and assumes the risk for a business venture so a cleaning supplies business is run by an entrepreneur. But a musician also operates a business and assumes risk. In my opinion both are entrepreneurs. But the person with the cleaning bisiness is for sure!
8 0
3 years ago
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Home and Foreign produce two​ goods, flowers and soybeans. Home exports the labor intensive flowers and Foreign exports the land
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Answer:

guy who is this and what is the cow ate grass and died in the middle of the night

7 0
3 years ago
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