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2 years ago

You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end.

Business

1 answer:

Ray Of Light [21]2 years ago

7 0

Answer:

SANDHILL CO.

Income Statement

For the Year Ended April 30, 2022

Revenues

Sales revenue $6,200

Expenses

Cost of Goods Sold $1,000

Depreciation expense $315

Income tax expense $175

Insurance expense $360

Interest expense $460

Salaries & Wages expenses $850

Total Expenses $3,160

Net Income $3,040

SANDHILL CO.

Retained Earnings Statement

For the Year Ended April 30, 2022

Retained Earnings, May 1, 2021 $1,700

Add: Net Income $3,040 $4,740

Less: Dividends $310

Retained Earnings, April 30, 2022 $4,430

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________ is another term for a defensive strategy.

Westkost [7]

Another term that can be used for Defensive strategy is retrenchment strategy.

Defensive strategy can be regarded as marketing tool which is been used by companies in retaining valuable customers that can be easily loose to their competitors.

Competitors can be regarded as other firms that are present in the same market selling almost similar products

This strategy is been utilized by companies in market leadership positions in defending market share from attacks by challengers;

Some if the defence strategies are;

counter-offensive defence

contraction defence

position defence

mobile defence

flanking defence

pre-emptive defence

Therefore, defensive strategy can be explained as marketing tool that is been utilized by management in defending their business from potential competitors.

Learn more at: brainly.com/question/9063582?referrer=searchResults

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2 years ago

Lang Warehouses borrowed $146,960 from a bank and signed a note requiring 10 annual payments of $19,032 beginning one year from

Oksanka [162]

Answer:

The interest rate is 5%

Explanation:

Loan amortization is a method of loan repayment where a series of equal periodic installments is made by the borrower to offset the entire loan obligation. Each equal repayment covers the interest due on the loan so far and a portion of the principal amount.

At the beginning of the loan contract, the borrower is usually provided with information on the number of equal repayment installments that, if consistently paid, would offset the entire loan obligation (principal plus interest)

This is determined as follows:

repayment installment= Loan amount/Annuity factor

A special table called the Present Value of Annuity table is used to determined the annuity factor. All you need to use the table is the loan repayment period (years) " N " and the agreed interest rate " r "

So we apply this to question:

19,032= 146,960/ Annuity factor

Annuity factor= 146,960/19,032= 7.7217

We can look up this same figure in the table, to ascertain the the number of years and the rate rate. The number of years is already given as 10.

So we look up for the figure 10 under the the column labeled "n" , trace it through the row vertically to locate 7.7217. The rate that gives this figure is the applicable interest rate. This rate will be located by tracing upward from the point where we found 7.7217.

The interest rate is 5%

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3 years ago

The power of a labor union weakens when the company introduces technologies that replace the need for the union's members. techn

icang [17]

Technology is a substitute for employees

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2 years ago

How to make a peanut butter and jelly sandwich essay?

katrin2010 [14]

To start you need your hands. Go to the kitchen, walk over to the sink and turn on the water. Get your hands wet put some soap in them and rub them together. Now that your hands are rubbed clean, stick them under the running water and rinse them off. Turn off the water and dry your hands with a paper towel or a kitchen towel. Now that your hands are clean, prepare to make a peanut butter and jelly sandwich.
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3 years ago

Trade schools are also known as which of the following?

Vladimir [108]

The answer is A. Vocational Schools

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3 years ago

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