C. Public Good (at least I think because the money goes to the public)
Answer:
$135,000
Explanation:
Equity is the difference between the assets and liabilities of an entity.
Using the accounting equation;
Assets - Liabilities = Equity
Given;
Opening assets balance = $350,000
Opening liabilities balance = $230,000
Therefore;
Opening balance of equity = $350,000 - $230,000
= $120,000
Increase in asset = $20,000
Increase in liabilities = $5,000
Increase in equity = $20,000 - $5,000
= $15,000
Balance of stockholders' equity at December 31, 2016 = $120,000 + $15,000
= $135,000
The options in this question are missing; here is the missing section:
What two types of departmentalization are illustrated in this example?
A. Product and customer
B. Product and geographical
C. Customer and geographical
D. Functional and customer
E. Geographical and functional
The answer to this question is B. Product and geographical
Explanation:
Departmentalization refers to the creation of departments, units, etc. in businesses to better achieve goals and distribute roles and activities. This can be based on location, products, function, etc.
In the case of Spicy Dish, there is a clear geographical departmentalization because this distributor has created units based on location, due to this, the company has a unit in each major geographical region such as North America, Europe, etc. Moreover, this company has created units based on products because in North America they created two different units and each specializes in one of their products (beans/salsa.)
The answer to this point is 950 per month for each house
Answer:
Total= $292,520
Explanation:
Giving the following information:
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.
Cash budget for June:
Sales= [(400*1.03)*750]*0.3= 92,700
Sales from May= (400*750)*0.7= 210,000
Salary= (4,000)
Commision= [(400*1.03)*750]*0.02= (6,180)
Total= $292,520
