Which annual financial statement tells what has been earned, what has been spent, and what is left over?

Farmer Joe is planning to purchase a new hog farm. He anticipates making $20,000 the first year, $25,000 the second year and $30

Pachacha [2.7K]

Answer:

The simple rate of return is 37.5%

Explanation:

Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:

Total annual return - Depreciation expense

Initial capital outlay

For farmer Joe, the simple rate of return is:

$20,000 + $25,000 + $30,0000 -$0 x 100

$200,000

= $75,000 x 100

$200,000

= 37.5%

Depreciation expense is assumed to be zero.

6 0

3 years ago

What is gdp expressed in constant, or unchanging, prices called?

horsena [70]

The GDP expressed in constant, or unchanging prices is called real GDP.
Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation. This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.

4 0

3 years ago

Read 2 more answers

Michael's Machine Shop reports the following information for the quarter.

Mandarinka [93]

Answer:

a. $26

b. $23

c. $34

d. $29

e. $21

f. $11

g. $14

h. $11

Explanation:

a. Variable cost per unit.

Variable cost per unit = Variable Manufacturing Costs + Variable Non - Manufacturing Costs

= $12 + $9 + $2 + $3

= $26

b. Variable production cost per unit.

Variable production cost per unit = Variable Manufacturing Cost

= $12 + $9 + $2

= $23

c. Full cost per unit.

Full cost per unit = Manufacturing and Non - Manufacturing (Variable and Fixed)

= $12 + $9 + $2 + $3 + $47,500/23,750 units + $142,500/23,750 units

= $12 + $9 + $2 + $3 + $2 + $6

= $34

d. Full absorption cost per unit.

Full absorption cost per unit = Variable Manufacturing Costs + Fixed Manufacturing Costs

= $12 + $9 + $2 + $6

= $29

e. Prime cost per unit.

Prime cost per unit = Direct Manufacturing Costs'

= $12 + $ 9

= $ 21

f. Conversion cost per unit.

Conversion cost per unit = Direct Labor Costs + Overheads Costs

= $9 + $2

= $11

g. Contribution margin per unit.

Contribution margin per unit = Sales - Variable Costs

= $ 40 - $26

= $ 14

h. Gross margin per unit.

Gross margin per unit = Sales - Full absorption cost per unit

= $40 - $29

= $11

3 0

3 years ago

as Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than

gulaghasi [49]

The right answer for the question that is being asked and shown above is that: "b. his marketing should stress quality and service." As Jake began his market research he discovered that there wasn't another retail boating supplies business for hunting more than 100 miles in fact there was no large lake or river either Jake concluded that his marketing should stress quality and service

5 0

3 years ago

Because of large reserves that center around the Persian Gulf, the Middle East often produces as much as two-thirds of the world

gregori [183]

Your answer is D - petroleum.

the area around the Persian Gulf is desert so can't be the water, coal or cattle. But here it can be found large underground reserves of Petroleum.

8 0

3 years ago