Answer:
$1,059,050
Explanation:
The computation of the anticipated level of profits for the expected sales volumes is shown below:
Expected sales 209,000 305,000
Particulars Chicken Fish
Sales $815,100 $1,525,000
Less:
Variable cost -$407,550 -$762,500
Contribution margin $407,550 $762,500
Now the profit would be
= Total contribution margin - total fixed cost
= $407,550 + $762,500 - $111,000
= $1,059,050
The sales are variable cost are come by multiplying the units with its price per taco.
Answer:
Country X will have higher growth potential than country Y.
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
37.5%
Explanation:
In this question, we are asked to calculate the Value of the cash return on asset
We use a mathematical representation to do this. Let’s get the formula.
Mathematically:
Cash return on assets = operating cash flows/average total assets
According to the question, the operating cash flow has a value of $150,000. The average total assists have a value of (350,000+450,000)/2 = 800,000/2 = $400,000
We input these values into the formula:
Cash return on assets = 150,000/400,000 = 37.5%
Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) <u>accounting process</u>.
The accounting process is the set of steps that allows the economic operations of an entity or company to be expressed through financial statements.
This process is essential for any company since they will be able to see their expenses and income, and thus make projections and help it to minimize entry errors of the company.
- During the accounting process, the economic operations of the company are compiled (purchases of materials, sales of products), together with the documents that guarantee each operation.
- Finally, before the accounting process is closed, adjustments or modifications can be made that allow a reliable balance.
Therefore, we can conclude that Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) accounting process.
Learn more here: brainly.com/question/20871705
