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3 years ago

Python for data Science and al

Business

1 answer:

OleMash [197]3 years ago

7 0

Answer:

This is line 1

Explanation:

The function would read the first line of the file. To read all the lines, you need to make a for loop and then print every line in the file.

Hope this helps!

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

solong [7]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. 

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 85,400/2,440= $35

Absorption costing income statement:

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

8 0

4 years ago

Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, in

MatroZZZ [7]

Answer:

Kindly check explanation

Explanation:

Given the following :

__________________2022______2021

Current asset______871,500___972,000

Total assets______1,908,500__ 1,786,000

Current liabilities___415,000____ 360,000

Total liabilities_____ 564,916____ 528,656

Net income________197,760____ 410,590

Net cash (from OP)__322,000____ 498,600

Capital expenditures_289,000___ 290,200

Dividends paid(CS)___82,000____ 126,700

Weighted-average common shares outstanding 206,000 216,100

*(OP) = Operating activities

*(CS) = common stock

Current ratio for each year:

2022:

Current asset / current liability

$871,500 / $415,000 = 2.1 : 1

2021:

$972,000 / $360,00 = 2.7 : 1

EARNING PER SHARE :

Net income / weighted average shares outstanding

2022:

$197,760 / 206,000 = $0.96

2021:

$410,590 / 216,100 = $1.90

DEBT TO ASSET RATIO:

Total liabilities / Total asset

2022:

$564,916 / $1,908,500 = 0.296

2021:

$528,656 / 1,786,000 = 0.296

FREE CASH FLOW :

Net cash (from OP) - Capital expenditure - Dividend paid on common stock

2022:

$322,000 - $289,000 - $82,000 = - $49,000

2021:

$498,600 - $290,200 - $126,700 = $81,700

3 0

3 years ago

Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performe

Luda [366]

Answer:

Income statement.

Revenue 900

Expenses 1.000

Loss -100

Explanation:

(1) $900 worth of services were performed and billed but not collected at May 31

Accounting guideline requiring that revenues be shown on the income statement in the period in which they are earned, not in the period when the cash is collected.

(2) $1,000 of gasoline expense was incurred but not paid.

In accrual accounting, the revenue recognition principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs

5 0

3 years ago

On July 10, 2019, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for busines

IceJOKER [234]

Answer:

$34,000

Explanation:

Because the SUV weighs over 6,000 pounds, it is not subject to the statutory dollar limits on luxury automobiles.

Under section 179 expensing (limited to $25,000 for SUVs)

= $25,000

Regular MACRS:

= [($70,000 - $25,000) × 0.20}]

= 9,000

Ariff's maximum deduction for 2019 would be:

= $25,000 + $9,000

= $34,000

3 0

3 years ago

Complementary goods have a _______________ cross-price elasticity: as the price of one good increases, the demand for the second

Maru [420]

Answer:

negative

Explanation:

Complementary goods have a negative cross-price elasticity because the increase in price of one tends to a weak or fall in consumer demand of the second. For instance, a hike in petrol will lead to a decrease in consumer demand for cars thereby giving rise to alternatives to these goods (most likely, there would be a surge in subway or rail patronage)

5 0

3 years ago

Python for data Science and al​

Python for data Science and al