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3 years ago

A change in supply is illustrated by a movement along an existing supply curve

Business

2 answers:

konstantin123 [22]3 years ago

5 0

the correct answer is true.

arlik [135]3 years ago

4 0

Answer:

Absolutely False

Explanation:

<h2>False</h2>

The answer is false

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Prepare the income statement for Quality Aquatic Company for the most recent year. Use the calculation of cost of goods sold, c

Ainat [17]

Answer:

Net income 167,900

Explanation:

Sales revenue 36,000 x $14 = 504,000

Cost of good sold- <u> (230,600) </u>

Gross Profit: 273,400

Marketing expenses (77,000)

Administrative expenses <u> (28,500) </u>

Net income 167,900

Missing information attached.

We subtract the cost of good sold to get the gross profit.

the material, labor and overhead cost are included in the cost of good sold so we don't have to conted again. We will only post the expenses not related to manufacturing department which are, selling and adminsitrative.

4 0

3 years ago

The LaPann Company has obtained the following sales forecast data:

Andreas93 [3]

Answer:

1. C) $166,000

2. B) $248,000

Explanation:

Given the forecast

Month July August September October

Cash sales $80,000 $70,000 $50,000 $60,000

Credit sales $240,000 $220,000 $180,000 $200,000

Given that for credit sales, the regular pattern of collection is 20% in the month of sale, 70% in the following the month of sale and the remainder in the second month following the month of sale.

Account receivable balance is made up of credit sales yet to collected.

The budgeted accounts receivable balance on September 30

= 10% * $220,000 + 80% * $180,000

= $22,000 + $144,000

= $166,000

The budgeted cash receipts for October

= $60,000 + 20% * $200,000 + 70% * $180,000 + 10% * $220,000

= $60,000 + $40,000 + $126,000 + $22,000

= $248,000

7 0

3 years ago

Has this white's video prompted you to make any changes in the way that you view or manage your personal finances? Do you think

Pavlova-9 [17]

The video by Elizabeth White should prompt people to make a change in how they handle their finances as it shows how easily our finances can take a turn for the worst.

<h3 /><h3>Why should be manage our personal finances effectively?</h3>

In this TED Talk, Elizabeth White talks about how her's and the Boomer generation's personal finances are in never ending trouble and how they are being blamed for not planning their finances well.

It shows how easily things can change for the worst financially as Elizabeth White went through a tough time.

This shows that it is important to take stock of our finances such that we won't go through what she did and be able to survive financial emergencies. We can do this by saving up and talking to financial planners.

Find out more on the importance of saving at brainly.com/question/15279000

#SPJ1

6 0

2 years ago

During Burns Company's first year of operations, credit sales totaled $166,000 and collections on credit sales totaled $118,000.

ElenaW [278]

Answer:

1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense.

Db Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

Db Allowance for bad debt__ 430

Cr Account Recevaible_____________________ 430

2. Show the year-end balance sheet presentation for accounts receivable.

Account receivable__________47570

Net account receivable_______44250

Explanation:

Credit sales 166000

Credir sales 118000

Bad debt losses 2%

Writte off 430

Allowance 3320

Db Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

Db Allowance for bad debt__ 430

Cr Account Recevaible_____________________ 430

Year end balance___________48000

Cr Account Recevaible_________430

Account receivable__________47570

Allownace for bad debts_______3320

Net account receivable_______44250

3 0

4 years ago

Over the years, Masterson Corporation's stockholders have provided $35,000,000 of capital when they purchased new issues of stoc

geniusboy [140]

Answer:

$22,000,000

Explanation:

The computation of Masterson's MVA is shown below:-

MVA = Current market value - Initial capital provided by stockholders

= (1,900,000 × $30) - $35,000,000

= $57,000,000 - $35,000,000)

= $22,000,000

Therefore for computing the Masterson's MVA we simply applied the above formula.

Hence, the Masterson MVA is $22,000,000

7 0

3 years ago