Answer:
The estimated net operating income in a month is $22,840
Explanation:
The computation of the net income is shown below:
= Contribution margin Ratio × Sales - Fixed cost
= 57% × $112,000 - $41,000
= $63,840 - $41,000
= $22,840
hence, the estimated net operating income in a month is $22,840
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
False
Explanation:
The preparation of journal entries is very important in transaction recording process, it is utilized in recording transactions either to the general ledger or via subsidiary ledger into the accounting system.
When preparing journal entries two fields are very important, the account title also called account name and the account number or account code. To prevent accounting or recording error, the account codes are selected using the drop-down menu which displays the account title or account name. This enables the account clerk to verify before posting.
Answer:
Snap on the report as the tax expenses will be $244.427
Explanation:
We have given income before tax in 2016 = $801.4 million
Effective rate tax = 30.5 % = 0.305
We have to find the snap on report as tax expense
Tax expenses is given by
Tax expense ![=income\ before\ tax\times effective\ tax\ rate=801.4\times 0.305=$244.427](https://tex.z-dn.net/?f=%3Dincome%5C%20before%5C%20tax%5Ctimes%20effective%5C%20tax%5C%20rate%3D801.4%5Ctimes%200.305%3D%24244.427)
So snap on the report as the tax expenses will be $244.427
Answer:
D) $20
Explanation:
Calculation for the price of a CD
Since the Total income is 120 then let the Income spent on DVDs be x and let them income spent on CDs be 2*x
First step
x + 2*x = $120
3*x = $120
x=$120/3
x = $40
Second step
Let the Price of one CD be y
Hence,
2*y = $40
y = $40 / 2
y = $20
Therefore the price of a CD will be $20
The correct answer to this question is this one: "C. Finance Charge." <span>Collectively, the interest costs and other fees for using a credit card called the finance charge. IT has something to do with the charges after you used the credit cards.</span>