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sattari [20]
3 years ago
7

Question 5 of 10

Business
1 answer:
Basile [38]3 years ago
3 0

Answer:

sorry:(

Explanation:

:)

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On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi
vfiekz [6]

Question Completion:

Prepare an Income Statement for the month of June.

Answer:

Windsor, Inc.

Income Statement for the month ended June 30, 2017:

Service Revenue                  $7,730

Supplies expense    1,100

Maintenance and

  repairs expense     700

Advertising expense 400

Utilities expense       200

Salaries and

 wages expense    1,630   $4,030

Net Income                         $3,700

Explanation:

Windsor, Inc. Income Statement is where the revenues and expenses are summarized in order to arrive at the net income or profit of the business.  Temporary accounts are closed to the income statement.  These are accounts that are periodic in nature.  They are not permanent accounts, which are transferred to the next period.  The only element of the income statement that is taken to the balance sheet is the net income or loss.

3 0
4 years ago
A segment has the following data:
ankoles [38]

Answer:

Net income will decrease by $400,000

Explanation:

Currently this business unit is generating a net loss of $150,000:

total revenue - variable expenses - fixed costs = $700,000 - $300,000 - $550,000 = -$150,000

if the unit is eliminated, then the revenue and variable expenses will be gone, but the fixed costs will be allocated to other business units. So instead of losing $150,000, the company will lose $550,000. The company's net income will decrease by $550,000 - $150,000 = $400,000

4 0
3 years ago
When the production of a good generates external costs, a firm’s private supply curve will be:a. to the right of the social supp
Anni [7]

Answer:

Letter a is correct. <u>To the right of the social supply curve.</u>

Explanation:

In this situation, we can say that the correct alternative is that the company's supply curve will be to the right of the social supply curve. For when there is an external cost of producing a good, it means that there is a cost committed by third parties, that is, this cost has no direct relation to the production process of the good, but it can be said that the production of the organization goes beyond ideal social level of production, which causes an externality, as there are consequences for third parties on a decision which they did not participate in.

3 0
3 years ago
Karl runs a store that sells small and large space heaters. The large heaters sell for $250 each with unit variable costs of $12
umka2103 [35]

Answer: Karl must sell 1350 small heaters and 450 large heaters to break even.

We follow these steps to arrive at the answer:

No.                                               Small Large     Total

1 Selling Price per unit                     80  250  

2 Variable Cost per unit                  30   120  

3 Number of units sold              2100   700       2800

4 Sales mix                                  3      1  

5 Total sales (1*3)                  168000   175000  

6 Total Variable Cost (2*3)   63000    84000  

7 Contribution Margin (5-6)  105000     91000      196000

Next we compute the Weighted Average Contribution Margin as follows:

\mathbf{WACM per unit = \frac{Total Contribution Margin}{Total number of units sold}}

\mathbf{WACM per unit= \frac{196000}{2800} = 70}

Now, Break even point (BEP) is computed as

\mathbf{BEP = \frac{Total Fixed Costs}{WACM per unit}}

\mathbf{BEP = \frac{126000}{70} = 1800 units}

Since the large and small heaters are sold in the 3:1 ratio, we can find the number of large and small heaters to be sold in order to achieve the break even point at 1800 units.

No. of small heaters = BEP * \frac{3}{4}

No. of small heaters = 1800 * \frac{3}{4} = 1350 units

No. of large heaters = BEP * \frac{1}{4}

No. of large heaters = 1800 * \frac{1}{4} = 450 units



3 0
3 years ago
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 6.5 kilograms of the raw material Jurislo
babymother [125]

Assuming the company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurislon to be purchased in August is:$3,663,220.

<h3>Total cost</h3>

Using this formula

Total cost=(Desired ending inventory+ Required for production-Ending inventory)×Rate per kilogram

Total cost=[(21,700×6.5×20%)+(23,000×6.5)-11,200]×$22 per kilogram

Total cost=(28,210+149,500-11,200)×$22 per kilogram

Total cost=166,510×$22 per kilogram

Total cost=$3,663,220

Inconclusion the total cost of Jurislon to be purchased in August is:$3,663,220.

Learn more about Total cost here:brainly.com/question/25109150

4 0
2 years ago
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