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DochEvi [55]
3 years ago
12

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business
1 answer:
Morgarella [4.7K]3 years ago
8 0

Answer:

3%, 84, 6%

Explanation:

So lets look at what they are saying. They say that the company lets Whitney match up to 6% of her salary.

They say that Whitney matches up ONLY 3% of her salary

They also say that Whitney's salary is is 2,800 dollars per month.

The firs question asks what percenage of her salary Whintney's company contributes.

They said that Whitney  contributes 3% of her salary.

<u>So this means that the first answer box is 3%.</u> Remember that it would not be 6%, becuase that is the MAXIMUM percentage that whitney's emplyers can contrubite of her salary, not the actualy percentage that whitney's employers are actually contributing.

Next we they ask for the amount of money this eprcentage is.

To find this, take 3% of her smonthly salary, which we know is 2,800:

2800*0.03

=

84

<u>So we know that the answer for the second fill in box is 84.</u>

Finally we have the third fill in box which is asking what percentage of her salary Whitney SHOULD be contributing.

Well, recall that they said the MAXIMUM percentage the company will ocntribute is 6%? And Whitney is only contributing 3%?

<u>The answer to the last fill in box would be 6%</u>, since that is the MAXIMUM amount of money that can be put into her 401k. She is only putting in 3% of her salary, which isnt as benfical.

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Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticip
torisob [31]

Answer:

Bambino Sporting Goods

a.                                March     April        May     June

Ending Inventory     5,000     6,000     2,000       0

b. Monthly financing cost = $540

Total for the four months = $2,160

Explanation:

a) Data and Calculations:

                                   March     April        May     June

Beginning Inventory    0          5,000     6,000    2,000

Production                9,000     9,000     9,000     9,000

Monthly sales           4,000     8,000    13,000     11,000

Ending Inventory     5,000     6,000     2,000       0

Cost of inventory = $12 per unit

Monthly financing cost = $540 ($108,000 * 6% * 1/12)

Total financing cost for the four months = $2,160 ($540 * 4)

7 0
3 years ago
Kirkland sells season tickets for six events at a price of $48. For the 2013 season, 2,700 season tickets were sold.
alexira [117]

Answer:

a. Assets = Liabilities + Stockholders' Equity = $129,600

b. Debit Unearned ticket revenue for $129,600, and Credit Total revenue for $129,600.

c. It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Explanation:

a. Use the horizontal model to show the effect of the sale of the season tickets. (Enter decreases to account balances with a minus sign.)

Note: See the attached excel file for the horizontal model showing the effect of the sale of the season tickets.

In the attached excel file, the following calculation is done:

Cash = Unearned ticket revenue = Price per season ticket * Number of season tickets sold = $48 * 2,700 = $129,600

Since Stockholders' Equity is equal to zero in the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $129,600

b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.

The journal entry will look as follows:

<u>General Journal                          Debit ($)              Credit ($)     </u>

Unearned ticket revenue            129,600

Total revenue                                                             129,600

<em><u>(To record the effect of presenting an event.)                             </u></em>

c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?

It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Download xlsx
4 0
3 years ago
Several of the readings highlight the differences between firms in realizing IT value. What do you think are the biggest factors
jeyben [28]

Several of the readings highlight the differences between firms in realizing IT value. The biggest factors in creating these differences are growth prospects , earning history , location, concentration, staff and management, reputation etc.

Growth prospects - this factor looks at how much potential the business has to grow in the future.

Earning history - In earning history, income is a major factor in valuation of any business.

The importance of IT value is the first way to increase value is simply to increase the speed you deliver the kind of value people are willing to, offer better quality.

Learn more about IT here

brainly.com/question/13171394

#SPJ4

7 0
2 years ago
Consider the circular flow model when answering the following questions
Mekhanik [1.2K]

Answer:

a. Factor market

b. the firm

c. product market

Explanation:

a, Factory is one of the  factors of production, if it must be traded, it will be done in the market for factors of production known as the factor market.

b. Profit is a reward for one of the factors of production called entrepreneur, the entrepreneur, in the circular flow model is the firm

d. Consumer goods like coffee are available in the product market, therefore the price for coffee is determined in the product market.

8 0
3 years ago
on january 1 year 1 abc merchandising company was started the company experienced the following events during the first year of
Alik [6]

Answer: $390

Explanation:

Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.

The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.

6 0
3 years ago
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