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zubka84 [21]
3 years ago
12

Sparty Corporation has provided the following information for its most recent year of operation:

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

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An accounting firm agrees to purchase a computer for $190,000 (cash on delivery) and the delivery date is in 270 days. How much
aleksklad [387]

Answer:

$188,947

Explanation:

Data provided in the question:

Future value = $190,000

Time, t = 270 days = \text{ 270 days } =\frac{ 270 }{365} = 0.73973 years

Interest rate = 0.75% = 0.0075

Compounded quarterly i.e number of periods n = 4

Now,

Future value = Amount invested × ( 1 + \frac{r}{n} \right)^{\Large{n \cdot t}} $$

or

$190,000 = Amount invested × ( 1 + \frac{0.0075}{4} \right)^{\Large{4\times0.73973 }} $$

or

$190,000 = Amount invested × { 1.00188 } ^ { 2.95892 }

or

Amount invested = $188,947

4 0
3 years ago
The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $7.60/unit; direct labor,
Advocard [28]

Answer: The answer is as follows:

Explanation:

Given that,

Raw material = $7.60/unit

Direct labor = $10.60/unit

Manufacturing overhead = $8.60/unit

(1) Unit cost under variable costing = Raw material + Direct labor + variable Manufacturing overhead

= 7.6 + 10.6 + 8.6

= 26.8

(2) Unit cost under absorption costing = Raw material + Direct labor + variable Manufacturing overhead + fixed Manufacturing overhead

= 7.6 + 10.6 + 8.6 + 8.6

= 35.4

5 0
4 years ago
Ramsey Jordan, a renowned scientist, decides to run for president. Knowing that he lacks popular support, he has a meeting with
mote1985 [20]

Answer: Option C    

                     

Explanation: In simple words, micro-targeting refers to the marketing technique usually used by political parties under which the entity tries to capture a target audience by focusing on a particular topic or characteristic.

In the given case, Ramsey Jordan wants to promote himself to the audience by showing off his educations quantification and visions for the future.

Thus, we can conclude that he is micro-targeting.

6 0
3 years ago
A city block has several different clothing stores that offer a variety of options
pickupchik [31]

Answer:

C. Monopolistic competition

Explanation:

Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include

  1. A large number of buyers and sellers:
  2. There are no restrictions to entry and exit of Firms:
  3. sellers have differentiated Products
  4. Each firm can set its price.
5 0
3 years ago
Read 2 more answers
The elements of the social media engagement process are
allsm [11]

Answer:

Engaging, Listening, and Analyzing.

7 0
3 years ago
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