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3 years ago

9

Why is brainly such a stupid app? Why did I have to get my email address? Why is my question not popping up? Where's the answer?

Why are you so dumb?

2 answers:

skelet666 [1.2K]3 years ago

7 0

why are you so weaird

sammy [17]3 years ago

5 0

Answer: You forgot to mention why they randomly delete questions.

Explanation:

You might be interested in

What was the earliest franchise of indoor cycling classes called?.

FinnZ [79.3K]

The earliest franchise of indoor cycling classes called Spinning

<h3>Spinning</h3>

Spinning is a brand of indoor bicycles and indoor cycling instruction classes distributed and licensed by the American health and fitness company Mad Dogg Athletics.

In conclusion, we can conclude that the correct answer is spinning.

learn more about spinning from here: brainly.com/question/339581

5 0

2 years ago

A Parent Company owns 100% of its Subsidiary. During 2018, the Parent company reports net income (by itself, without any investm

marusya05 [52]

Answer:

$2,593,000

Explanation:

The computation of consolidated net income is shown below:-

cancellation of excess of Interest expenses over Income = Interest expense - Interest income

= $80,000 - $37,000

= $43,000

Consolidated net income = Parent company Income + Subsidiary Income + cancellation of excess of Interest expenses over Income

= $1,850,000 + $700,000 + $43,000

= $2,593,000

So, for computing the consolidated net income we simply applied the above formula.

6 0

3 years ago

Garcia Industries has sales of $167,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay.

miv72 [106K]

Answer:

c. $488.77

Explanation:

Step 1: Calculate Accounts Receivable for Industry DSO

The accounts receivable for industry DSO is calculated as below:

Accounts Receivable (Industry DSO) = Sales Value*Industry Average DSO/Total Days in the Year

Using the values provided in the question in the above formula, we get,

Accounts Receivable (Industry DSO) = 167,500*27/365 = $12,390.41

_____

Step 2: Calculate Value of Freed-Up Cash

The value of freed-up cash is determined as below:

Freed-Up Cash = Value of Accounts Receivable at Company's DSO - Value of Accounts Receivable for Industry Average = 18,500 - 12,390.41 = $6,109.59

_____

Step 3: Calculate Effect of Net Income

The effect on net income is calculated as below:

Effect on Net Income = Freed-Up Cash*Rate of Return = 6,109.59*8% = $488.77

6 0

3 years ago

The South Division of Wiig Company reported the following data for the current year. Sales $3,018,000 Variable costs 1,979,808 C

hram777 [196]

Answer:

(a) Compute the return on investment (ROI) for the current year.

Current ROI 8.72%

Explanation:

Sales 3,018,000

- Variable Cost 1,979,808

- fixed cost 594,600

Operating Income 443,592

Operating assets 5,087,200

Return on Investment

$\frac{operating \: Income}{Average \: Assets}$

ROI = 433,592/5,087,200 = 0.087197 = 8.72%

5 0

3 years ago

G "Your Company sells goods to customers for $1,200 cash. You also collect sales taxes of $96. The journal entry to record this

Novosadov [1.4K]

Answer: DR Cash of 1,296 ; CR Revenue $1200 ; CR Sales Tax Payable $96

Explanation:

When accounting for taxes paid on revenue, you must account for them separately.

You add the tax to the sales and DEBIT it to Cash then you take just the sales figure without the tax and CREDIT Revenue. The tax is sent to the Sales Tax Payable Account as a CREDIT.

5 0

3 years ago