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Ksivusya [100]
3 years ago
13

Fresh Breath Enterprises (FBE) is a well-known manufacturer of mouthwash. Its main facility is a mint-processing plant, which is

currently operating at only 60% capacity. FBE is considering the introduction of a line of mint chewing gum that would use the same mint-processing plant as part of its production process. This proposed production scenario is an example of:
Business
1 answer:
irinina [24]3 years ago
3 0

Answer:

Economies of scope

Explanation:

In the case of economies of scope, the efficiency should be attained via generating the variety of goods and services. In this the production cost is reduced at the time when different kinds of products are being produced

so as per the given situation, it is an example of the economies of scope

Therefore the same is to be considered and relevant

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Glass walls
Goshia [24]

Answer:

the anwser is A i searched it up

3 0
3 years ago
Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
Norma-Jean [14]

Answer:

Majka Company

a) Accounting equation to record effects of each event:

1. Assets (Cash) increased $29,500 = Liabilities + Equity (Retained Earnings) increased $29,500.

2. Assets (Cash) decreased $13,500 = Liabilities + Equity (Retained Earnings) decreased $13,500.

3. Assets (Cash) decreased $1,800 = Liabilities + Equity (Retained Earnings) decreased $1,800.

b) Income Statement, Statement of Changes in Stockholders' Equity, and a Balance Sheet dated December 31, 2016:

1) Income Statement for the year ended December 31, 2016:

Sales                        $29,500

Expenses                ($13,500)

Net Income             $16,000

Dividend                   ($1,800)

Retained Earnings $14,200

2) Statement of Changes in Stockholders' Equity:

Retained Earnings b/f  $0

Net Income                  $16,000

Dividend                        ($1,800)

Retained Earnings      $14,200        

3. Balance Sheet as at December 31, 2016:

Assets:

Cash ($29,500 - 13,500 - 1,800) $14,200

Liabilities + Equity:

Equity: Retained Earnings           $14,200

c) Reason for different terminology to date income statement and balance sheet:

Income statement is prepared for an accounting period.  It covers a specified period, while a balance sheet is prepared as at an accounting date.  This means that one can prepare a balance sheet daily, or even after each transaction.  But, an income statement covers a period of time, say a month, a quarter, or six months, or a year, as the case may be.

Explanation:

Income Statement, Changes in Equity, and the Balance Sheet are important financial statements, which a business prepares to report its financial performance (results), the changes that occur in owners' equity, and the financial position respectively.

6 0
3 years ago
Evan Company reports net income of $140,000 each year and declares an annual cash dividend of $50,000. The company holds net ass
Taya2010 [7]

Answer:

$708,000

Explanation:

The computation of Investment in Evan Company balance is shown below:-

Purchase of Evan stock = $600,000

Book Value of Evan Stock = Net assets - Given percentage

= $1,200,000 x 40%

= $480,000

Goodwill = Purchase of Evan stock - Book Value of Evan Stock

= $600,000 - $480,000

= $120,000

Life of Goodwill is Indefinite

Annual Amortization is Zero

Cost = $600,000

Income Accrued 2017 = Net income × Given percentage

= $140,000 x 40%

= $56,000

Dividend 2017 = Cash dividend × Given percentage

= $50,000 x 40%

= $20,000

Income Accrued 2018

= $140,000 x 40%

= $56,000

Dividend 2018

$50,000 x 40%

= $20,000

Income Accrued 2019

= $140,000 x 40%

= $56,000

Dividend 2019

$50,000 x 40%

= $20,000

Equals Investment in Evan, 31/12/2019 = Purchase of Evan stock + Income Accrued 2017 - Dividend 2017 + Income Accrued 2018 - Dividend 2018 + Income Accrued 2019 - Dividend 2019

= $600,000  + $56,000 - 20,000 + 56,000 - 20,000 + 56,000 - 20,000

= $708,000

7 0
3 years ago
If a bank deposit will double in value in 18 years, the rule of 72 implies that the interest rate on the deposit must equal is a
arlik [135]

Answer:

b. 4 percent

Explanation:

According to the rule of 72, hte number of years required for an investment to be doubled can be obtained by dividing 72 by the interest rate (in percentage). If it takes 18 years for the investment to bouble in value, the interest rate is:

18=\frac{72}{i}\\i=4\%

The interest rate on the deposit is 4%.

7 0
3 years ago
During the month of July, Clanton Industries issued a check in the amount of $934 to a supplier on account. The check did not cl
Ganezh [65]

Answer: deduct the check amount from the bank balance

Explanation:

From the question, we are informed that during the month of July, Clanton Industries issued a check in the amount of $934 to a supplier on account but the check did not clear the bank during July.

Since we are told that the check did not clear the bank in July, when preparing the July 31 bank reconciliation, the company should make sure that the amount on the check is deducted from the balance of the bank.

4 0
3 years ago
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