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Alenkasestr [34]
3 years ago
6

Carla Vista Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial

balance at December 31, 2020, included the following expense accounts: Accounting and legal fees $421000 Advertising 364000 Freight-out 225500 Interest 174100 Loss on sale of long-term investments 89600 Officers' salaries 541000 Rent for office space 540000 Sales salaries and commissions 404000 One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Carla Vista's selling expenses for 2020
Business
1 answer:
DaniilM [7]3 years ago
3 0

Answer:

$1.263,000

Explanation:

The amount of expenses to be included in P's selling expenses is calculated as follows:

Particulars                                  Amount

Advertising                                 $364,000

Freight out                                  $225,500

Rent for office space                  $270,000    (540,000*1/2)

Sales salaries & commissions    <u>$404,000</u>

Total                                             <u>$1.263,000</u>

So, the total amount to be included in selling expenses is $1.263,000.

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Suppose your firm receives a million order on the last day of the year. You fill the order with million worth of inventory. The
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Answer:

a. Revenues - These will increase by $5 million to represent the entire value of the order.

b. Earnings. - Increase by $3 million

Earnings in this case are revenue less the cost of inventory which will be;

= 5 - 2

= $3 million

c. Receivables - Increase by $4 million

The customer paid $1 million upfront which means that they still owe $4 million out of the $5 million. This will go to the receivables account to show that the customer owes the business.

5 0
3 years ago
The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

Explanation:

A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.

8 0
2 years ago
The evolutionary development of the species H. sapiens a. is determined solely by environmental factors b. is a Mendelian trait
IRISSAK [1]

Answer:

The correct answer is letter "C": is the result of both genetic and environmental factors.

Explanation:

There have been several studies about human evolution as a species. It is inevitable to relate this topic to the prominent findings of Charles Darwin (1809-1882) in his book "<em>On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life</em>" or simply known as the <em>Origin of species</em>. Mainly, Darwin sustained that, in general, <em>species' evolution happens thanks to environmental adaptations that are transmitted from one generation of a species to another in their genetics.</em>

7 0
3 years ago
Like many other marketing strategy specialists, Mike relies heavily on creativity and originality. Members of his team are selec
damaskus [11]

Answer:

<u>Brainstorming.</u>

Explanation:

The situation exposed in the question above is an example of brainstorming, which can be defined as a group dynamics technique where there is the generation of ideas for a given project.

This activity is developed with the main objective of exploring the creative and innovative capacity of an individual or a group, stimulating the team's creativity, collecting ideas and the maximum amount of information, visions and possibilities in order to achieve a determined objective.

8 0
3 years ago
Assume Time Warner shares have a market capitalization of $40 billion. The company is expected to pay a dividend of $0.25 per sh
Leviafan [203]

Answer:

6.88%

Explanation:

cost of equity = (next period dividend / by price) + growth rate in dividends.

cost of debt = yield to maturity x (1 - tax rate)

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cost of equity = ($0.25 / $40) + 0.07

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= 0.0688 or 6.88%

5 0
3 years ago
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