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3 years ago

Revenue and expense data for Bluestem Company are as follows:

Business

1 answer:

LUCKY_DIMON [66]3 years ago

3 0

Answer and Explanation:

The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-

The formula that we have used is shown below:-

Gross profit percent = Gross profit / Sales revenue

Cost of goods sold percent = Cost of goods sold / Sales revenue

and in a similar way operating expenses items.

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A. Calculate the total estimated bad debts on the below information.

Rudik [331]

Answer:

The answer is below;

Explanation:

b. Allowance for Doubtful Accounts Dr.$4,000

Bad Debts Cr.$4,000

c. Bad Debt Expense Dr.$5,000

Account Receivable Cr.$5,000

d. 1)Account Receivable Dr.$5,000

Bad Debt Expense Cr.$5,000

2)Cash Dr.$5,000

Account Receivable Cr.$,5000

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3 years ago

A country withholds funding from any college or university that does not accept women at the same rate as men. This action refle

nordsb [41]

The action that is reflected above shows the equity among sexes. This country believes that whatever education that its male constituents should also be received by the females. That is because women should also be given the privilege to learn.

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3 years ago

Read 2 more answers

What effect might the government have on oligopolies? In oligopolies, the government might A. promote competition with a paten

fenix001 [56]

Answer:

C. impose barriers to entry with a copyright, which allows only the government to supply a good or service.

Explanation:

The oligopolies is a market or industry where there exist small but large sellers and hence form an market competition and hence lead to higher prices to the consumers. As they have their market structures. Entry barriers include high investment and strong consumer liabilities.'

Thus governments can set barriers to entry of these firm as to market only those goods and services that the government recommend fit for the sales

3 0

3 years ago

Praxis Corp. forecasts the following income statement for the next year:

Annette [7]

Answer: a. 1.42

b) 2.74

c) 3.89

Explanation:

a) The Degree of Operating Leverage measures how much operating Income will change by if Sales change.

It is calculated with the formula,

= (Sales - Variable Costs) / (Sales - Variable Costs - fixed costs)

= (960,000 - 532,000) / (960,000 - 532,000 - 127,000)

= 1.42

b) The Degree of financial leverage measures how much Income will change due to a change in operating Income.

The formula is,

=Earnings before Interest and tax / Earnings before Interest and tax - Interest or just Earning before tax

= 301,000/110,000

= 2.74

c. Degree of Total Leverage is a measure of how sensitive the net income of a company is to a change in goods produced and/or sold.

It is calculated by multiplying DOL and DFL.

= 1.42 * 2.74

= 3.89

Should you need any clarification just hit that comment button. Cheers.

3 0

3 years ago

What are two assumptions pertinent to the resource-based view of competitive advantage? Group of answer choices firms are homoge

qwelly [4]

Answer:

The two assumptions are as resources must also be heterogeneous and immobile.

Explanation:

The two critical assumptions of Resource Based View are that resources must also be heterogeneous and immobile.

Heterogeneous. The first assumption is that skills, capabilities and other resources that organizations possess differ from one company to another.

Immobile. The second assumption of RBV is that resources are not mobile and do not move from company to company, at least in short-run.

6 0

3 years ago