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2 years ago

How does the service enterprise contribute to the economic growth of the country?

Business

1 answer:

Juli2301 [7.4K]2 years ago

8 0

Answer:

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

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Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual

disa [49]

Answer:

$157,000

Explanation:

The calculation of estimated cash receipts from accounts receivable collections in May is shown below:-

Collections from sales of may = $200,000 × 20%

= $40,000

Collections from sales of April = $150,000 × 70%

= $105,000

Collections from sales of prior period = $12,000

Estimated Collections in May month = Collections from sales of may + Collections from sales of April + Collections from sales of prior period

= $40,000 + $105,000 + $12,000

= $157,000

So, for computing the estimated collection in may month we simply applied the above formula.

4 0

3 years ago

You've collected the following information about Molino, Inc.: Sales $ 215,000 Net income $ 17,300 Dividends $ 9,400 Total debt

evablogger [386]

Answer:

(a) 15.46%

(b) $11,904.11

(c) 6.15%

Explanation:

(a) Sustainable growth rate:

$Return\ on\ equity\ (ROE)=\frac{Net\ income}{Total\ equity}$

$Return\ on\ equity\ (ROE)=\frac{17,300}{ 59,000}$

= 29.32%

Retention Ratio = 1 - Dividend Payout

$=1-[\frac{9,400}{17,300}]$

= 45.66%

$Sustainable\ growth\ rate=\frac{(ROE\times Retention\ Ratio)}{(1-ROE\times Retention\ Ratio)}$

$Sustainable\ growth\ rate=\frac{(0.2932\times 0.4566)}{(1-0.2932\times 0.4566)}$

$=\frac{0.1338}{0.8662}$

= 0.15446

= 15.46%

(b) Additional borrowing:

New Total Asset = (Total debt + Total equity) × (1 + Sustainable growth rate)

= (77,000+59,000) × (1 + 15.46%)

= 157025.4

$New\ Debt=\frac{D}{D+E}\times New\ Total\ Asset$

$New\ Debt=\frac{77,000}{77,000+59,000}\times 157024.4$

= $88904.11

Increase in Borrowing = New debt - old debt

= $88,904.11 - $77,000

= $11,904.11

$ROA=\frac{Net\ income}{Debt+equity}$

$ROA=\frac{17,300}{77,000+59,000}\times 100$

= 12.72%

$Internal\ growth\ rate=\frac{(ROA\times Retention\ Ratio)}{(1-ROA\times Retention\ Ratio)}$

$Internal\ growth\ rate=\frac{(0.1272\times 0.4566)}{(1-0.1272\times 0.4566)}$

$=\frac{0.0580}{0.942}$

= 0.0615

= 6.15%

6 0

3 years ago

Recently, Job P951 was completed with the following characteristics: Number of units in the job 100 Total direct labor-hours 100

ss7ja [257]

Answer:

$2,851

Explanation:

The above is an incomplete question. However, a similar question is as seen below

Dehner corporation uses a job order costing system with a single plant wide predetermined overhead rate based on direct labor hours. The company based its predetermined overhead rate for the current year on the following data.

Total direct labor hours 70,000

Total manufacturing fixed overhead cost $273,000

Variable manufacturing overhead per direct labor hour $6.

Given that;

Number of units produced = 100

Direct labor hours = 100

Direct materials = $800

Direct labor cost = $10,700

The unit product cost for jobP951 is

Direct materials = $800

Direct labor cost= $10,700

Variable manufacturing overhead = $6 × 100 = $600

Total fixed manufacturing overhead = $273,000

Total cost = ($800 + $10,700 + $600 + $273,000) = $285,100

Unit product cost = $285,100 ÷ 100

Unit product cost = $2,851

4 0

3 years ago

Three institutions that deal with human rights violations

Jet001 [13]

European Union.Council of Europe.Organisation of American States (OAS)

4 0

3 years ago

On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred

Aleksandr-060686 [28]

Answer:

Dividend Declared (SCE) $4,500 (credit)

Shareholders for Dividends (SFP) $4,500 (credit)

Explanation:

When Dividends are declared, we recognize an Equity Element - Dividend Declared and a liability (Present Obligation that arises with declaration) to the Shareholders of the dividend.

Entry :

Dividend Declared (SCE) $4,500 (credit)

Shareholders for Dividends (SFP) $4,500 (credit)

Dividend Calculation = 1,500 × $50 × 6%

= $4,500

8 0

3 years ago