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3 years ago

11

A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f

or the current period?

1 answer:

alina1380 [7]3 years ago

5 0

Answer:Criss cross apple sauce

Explanation:

You might be interested in

Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for

yuradex [85]

Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

<u> </u>

<u>Static budget Variance report of Lincoln Corporation</u>

Budgeted Actual Variance Status

Units sold 39,000 48,000 9000 Favorable

Revenue (@$19) $741,000 $912,000 $171,000 Favorable

Variable costs $152,000 $167,000 $15,000 Unfavorable

Fixed costs $50,000 $41,000 $9,000 Favorable

<u> </u>

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

5 0

4 years ago

Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a p

Digiron [165]

Answer:

7.3%

Explanation:

Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula

As per given data

n= 18 years

Par value = $1,000

Price = $965

YTM = 7.7%

As we have the value of the bond we need to calculate the coupon payment using following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

$965 = C x [ ( 1 - ( 1 + 7.7% )^-18 ) / 7.7% ] + [ $1,000 / ( 1 + 7.7% )^18 ]

$965 = C x 9.57 + $263.10

$965 - 263.10 = C x 9.57

701.9 = C x 9.57

C = 701.9 / 9.57 = 73.34

Coupon rate = 73.34 / 1000 = 7.334%

7 0

3 years ago

An underpinning of all commerce is effective communications, knowledge of where goods and services exit and where they are neede

oksano4ka [1.4K]

Explanation:

Analyzing the historical context, it is possible to see how the new communication technologies were essential for the development of commerce. We currently live in the digital age, where almost every individual has access to a cell phone with internet and can communicate within seconds with any part of the world.

This technological revolution also had a great economic impact, generating new business models.

Companies have to adapt to this reality and insert themselves in the new market based on the internet, in creating relationships with consumers, in the practice of positive social and environmental attitudes, etc. Some companies needed to reinvent themselves to adapt to the new economic context, or they would lose strength in the market and would cease to exist.

The fact is that the technological revolution has impacted commercial relations around the world, today the consumer seeks the solution to his problems and desires, not being restricted to local consumption, which causes a new redesign of commerce and manages impacts on the economy of the world.

7 0

3 years ago

Research shows that ____ is the number one reason cited for why organizations invest in information technology projects.

timofeeve [1]

Answer:

D

Explanation:

3 0

3 years ago

Stacy Monroe wants to create a fund today that will enable her to withdraw $35,000 per year for 6 years, with the first withdraw

Vlada [557]

Answer:

She must invest $75732.63

Explanation:

Well firstly we look at the problem in 4 years time and start calculating the present value in four years.

using a financial calculator

n= 6, I= 15% , PMT = cash withdrawals = $35000, Fv = 0 pv =132456.89

that we take that Present value in four years make it future value in current year

Fv = 132456.89, with same data and compute new present value= 75732.63

6 0

3 years ago