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Talja [164]
3 years ago
9

Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,300 each month. Costs consist

of a fixed component, which is $8,400 per month, and a variable component, which is 25 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period. What is the gross profit in a single month 8 months from now?
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

Please check the attachment to this document to get the excel sheet

Gross Profit (8 months from now)=$10,875

Explanation:

Please check the attachments of this post and download the excel sheet.

Best of luck

Download xlsx
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In our aggregate expenditure model we assume that:
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Answer:

The correct answer is regarding the model, is that an individual firms prices are flexible but the level of the price is fixed.

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3 years ago
Lake acquired a controlling interest in Boxwood several years ago. During the current fiscal period, the two companies individua
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a) With Lake's 60% controlling interest in Boxwood, the total income tax expense reported on a consolidated income statement for this period is $99,023 ($471,540 x 21%).

b)  With Lake's 60% controlling interest in Boxwood, the total amount of income taxes payable for the current year is $101,400 ($363,000 + $120,000) x 21%.

c)  With Lake's 90% controlling interest in Boxwood, the amount of income tax expense to be reported on the consolidated income statement for the year is $97,820 ($465,810 x 21%).

<h3>What is controlling interest?</h3>

Controlling interest exists when a company or an individual owns more than 50% of the shareholdings of another company.  This gives the investor shareholder a majority voting share to influence decisions of the subsidiary company.

<h3>Data and Calculations:</h3>

                                    Lake        Boxwood

Income reported    $363,000    $120,000

Dividend paid             60,000          5,000

Dividend income          3,000 ($5,000 x 60%)

Increase in intra-entity gross profits = $19,100 ($41,500 - $22,400).

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Consolidated Income = $471,540 ($363,000 + $120,000 - $11,460)

Excludable intra-entity gross profits = $17,190 ($19,100 x 90%).

Consolidated Income = $465,810 ($363,000 + $120,000 - $17,190)

Learn more about controlling interests at brainly.com/question/15415717

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