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4 years ago

Question 2 of 20

Business

2 answers:

masha68 [24]4 years ago

8 0

Answer: b - regulations can be set by local, state, or federal government.

Explanation: just took the quiz

Vinil7 [7]4 years ago

4 0

Answer:

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Crusoe Waterworks Company provides plumbing services. Transactions of Crusoe Waterworks during the first year of operations are

Tanya [424]

Answer:

$7,700

Explanation:

Equity of a company is Total Assets minus Total liabilities. Equity is the business worth for shareholders. For Crusoe Waterworks Company the equity will be the initial capital investment by Robin Crusoe plus any revenue received from the business operations.

The equity will be calculated by,

Equity = Capital Investment + Revenue - Expense

Equity = $5,000 + $3,400 - $700

5 0

3 years ago

Poorman Company is contemplating a project with an initial capital investment of $40,000. The expected future annual cash inflow

Stella [2.4K]

Answer:

The Internal Return Rate (IRR) is 10%.

Explanation:

The IRR is the return rate where the future cash flows of an investment equal the initial disbursement of that investment. In other words, IRR is the rate where the Present Net Value of an investment is equal to zero: Initial investment = discounted future cash flows.

4 0

3 years ago

The Core Company had the following assets and liabilities as of December 31: Assets Cash $58,000 Accounts receivable 25,000 Inve

egoroff_w [7]

Answer:

Current Ratio 3.2

Working Capital $71,000

Quick Ratio 2.6

Explanation:

Calculation to determine Current Ratio, Working Capital and Quick Ratio Correct Answer:

Current Ratio= ($58,000 + $25,000 + $20,000) / ($20,000 + $12,000)

Current Ratio= $103,000/32,000

Current Ratio = 3.2

Working Capital= $103,000 - $32,000

Working Capital= $71,000

Quick Ratio=($58,000 + $25,000) / ($20,000 + $12,000)

Quick Ratio=$83,000/$32,000

Quick Ratio= 2.6

Therefore:

Current Ratio 3.2

Working Capital $71,000

Quick Ratio 2.6

4 0

3 years ago

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 100,000 August 120,000 S

Temka [501]

Answer:

<u>Total cash receipts = 123,000</u>

Explanation:

September cash receipts:

30% of september sales:

30% of 130,000 = 39,000

70% of August sales (previous month)

70% of 120,000 = 84,000

Total cash receipts = 123,000

Note: We are asked for september collection from sales:

30% of september is in cash, so are colected instantly.

Then the remaining, which are credit sales are canceled in the following month.

So the credit sales of August are collected in the following month, which is september. That's why it is included in the calculation.

July sales are colelcted in July and August, none in september.

7 0

4 years ago

The company estimates that it can sell 800 units of each product per month. The same raw material is used in each product. The m

sesenic [268]

Answer and Explanation:

1. The computation of contribution margin per pound is shown below:-

Product A Product B Product C

Contribution margin per unit $35.20 $11.60 $24.00

Direct materials $26.40 $12.00 $12.00

Material cost $3 $3 $3

Material per unit $8.80 $4.00 $4.00

($26.40 ÷ $3) ($12.00 ÷ $3) ($12.00 ÷ $3)

Contribution margin per pound $4 $2.90 $6

($35.20 ÷ $8.80) ($11.60 ÷ 4.00) ($24.00 ÷ $4.00)

Product A Second

Product B Third

Product C First

6 0

3 years ago