1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ella [17]
3 years ago
9

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of

goods sold using Net sales as the base.
Year 2 Year 1
Net sales $276,200 $231,400
Cost of goods sold 151,900 129,590
Operating expenses 55,240 53,240
Net earnings 27,820 19,820
Business
1 answer:
il63 [147K]3 years ago
6 0

Answer:

Year 1 56%

Year 2 55%

Explanation:

Calculation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.

Year 1

Using this formula

Common size percentage for cost of goods sold for year 1 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 1= 129,590/231,400

Common size percentage for cost of goods sold for year 1= 56%

Year 2

Using this formula

Common size percentage for cost of goods sold for year 2 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 2 = 151,900/276,200

Common size percentage for cost of goods sold for year 2 = 55%

Therefore the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base is :Year 1 56% and Year 2 55%

You might be interested in
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0
3 years ago
Why do some companies state their core values but make little effort to ensure that individual personnel and the company in gene
Keith_Richards [23]

Answer:

The importance maxim just serves to make the business look good .

Explanation:

  • Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
  • The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
  • Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
8 0
3 years ago
Using examples explain what inputs eBay might be using in conducting its business . What are eBay outputs ?
lawyer [7]
Typically, a simple way to think of an input is anything that costs money. These can be both good and bad things. A simple example would be: if I had a machine that made candy: my inputs would be the energy required to run the machine, the person required to work the machine, and the ingredients I had to put in to make the candy. My outputs might be the candy the machine made and the happiness it gave to people who ate it. A negative output might be that it made people unhealthy. 

As an internet company eBay does not have many of the typical inputs of doing business. For example, it does NOT have the cost of physical stores nor does it have the cost of depreciating inventory or any machines. For eBay, some examples of inputs would be it's people such as software engineers, marketing team, and executive staff. All overhead such as office space and the electricity to power its office space would be another example. Other examples could include the physical code behind eBay's software and money used to finance the company, and the data warehouses used to store everything. 

Outputs can be thought of as the value a company creates. eBay's outputs are also somewhat atypical. eBay does not create a physical product that they then sell so that makes this a challenging question. You could argue that eBay's store or its platform is an output. All the data it produces as a company is an output and has a lot of value. Since eBay allows people across the world to open up their own store online, you could say it's creating the social good of jobs or entrepreneurship "global employment" through this action (eBay has supported this publicly as well so you could look up more about it on Google). Another output could be eBay stores created by sellers. eBay owns PayPal so if you can think of any related to PayPal you could include those as well and cite that eBay owns the company. 

Hope that helps
8 0
3 years ago
Which of the following consists of everything outside an organization's boundaries that might affect how the business operates?
seraphim [82]

The external factors that might affect how the business operates are:

  • A. Domestic business environment
  • B. Political-legal environment
  • C. External environment

<h3>What are the external factors that impact business operation?</h3>

The external factors that impact business operations include:

  • Social
  • Economic
  • Competitive
  • Demographic
  • Global factors
  • Technological
  • Political and legal.

The corporate culture of an organization is outside its boundaries.

Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.

Learn more about an organization's external environments at brainly.com/question/15020066

#SPJ1

8 0
2 years ago
Which of the following is an advantage of the mall-intercept interview method? the interviewer can explain complex questions and
max2010maxim [7]

Answer:

The interviewer can explain complex questions and show visual aids if needed

Explanation:

The mall-intercept interview method is a technique in which people that are visiting a mall are stopped to ask them questions. This method allows to give detail explanations if people don't understand the questions, visuals can be used and it is easier to convince someone to participate in it when compare to other methods like phone interviews. According to this, the answer is that the advantage of the mall-intercept interview method is that the interviewer can explain complex questions and show visual aids if needed.

4 0
3 years ago
Other questions:
  • For which buyer would a lender most likely approve a $200,000 mortgage?
    12·2 answers
  • Lloyd's of London is not an insurance company, but consists of groups of underwriters called _________, each of which specialize
    15·1 answer
  • Assume for Guatemala that the domestic price of coffee without international trade is higher than the world price of coffee. Thi
    7·1 answer
  • I have 9 cowry shells. If a dozen eggs (12 eggs) cost 2 cowry shells, how many dozens can I purchase?
    5·1 answer
  • 3. The effective rate of protection is a weighted average of nominal tariffs and tariffs on imported inputs. It has been noted t
    11·1 answer
  • The Taste Freeze Ice Cream Company is a perfectly competitive firm producing where MR = MC. The current market price of an ice c
    14·1 answer
  • Talia’s Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double-declining-balance depre
    10·1 answer
  • Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2017. The following transactions occurred during th
    10·1 answer
  • Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of _____.
    14·1 answer
  • Which herbs are useful from cosmetic point of view ? also name the products made from them<br>​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!