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3 years ago

The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:

Business

1 answer:

natulia [17]3 years ago

4 0

Answer:

$11,400

Explanation:

Income Statement

For the year ended December 31, 2019

Particulars Amount

Revenues

Service revenue $37,900

Expense

Salaries & wages expense $16,000

Insurance expense $2,900

Rent expense $3,400

Supplies expense $2,500

Depreciation expense $1,700

Total expenses $26,500

Net income (loss) $11,400

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Income is one factor used in determining whether or not a job is middle class, and the other is?

torisob [31]

Income is one factor used in determining whether or not a job is middle class, and the other is the nature of the work.

In the United States, 50% of people live in the middle class, according to the most recent Pew Research Center survey from 2021. This is a reflection of the middle class's longer-term downward trend over the previous five decades.

According to a recent Pew research, the majority of Americans were not middle class for the first time since at least the 1960s.

Just 50% of adult Americans in America lived in middle-class households in 2021, compared to 54% in 2001, 59% in 1981, and 61% in 1971.

Both the middle class's demographic share and its part of the income pie have been declining.

To learn more about Pew Research Center here

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1 year ago

All of the following are career pathways for Finance except: A. operations management B. accounting C. banking services D. Insur

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operations management

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3 years ago

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Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

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3 years ago

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?

horsena [70]

Explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

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1 year ago

Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,800 units, April 13,300, May

elixir [45]

Answer:

Production= 11,300 units

Explanation:

Giving the following information:

Sales:

March 10,800 units

April 13,300

Meadow Company’s ending finished goods inventory policy is 20% of the following month’s sales.

March 1 beginning inventory is projected to be 2,160 units.

To calculate the production for March, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 10,800 + (13,300*0.2) - 2,160

Production= 11,300 units

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3 years ago