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Talja [164]
2 years ago
14

PERSONAL FINANCE 10 POINTS// WILL GIVE BRAINLIEST

Business
1 answer:
Elenna [48]2 years ago
4 0
I believe it is A, as somebody whose watched adults I have gained intel about the lives and many say that financial decisions become harder! hoped this helped
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Question 3 of 10
ch4aika [34]

Answer:

B. 1099

Explanation:

5 0
2 years ago
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,9
cluponka [151]

Answer:

A. Year 1 8.3%

Year 2 9.2%

B. Yes

Explanation:

(1) Calculation for its cash flow on total assets ratio for both years

Using this formula

Cash flow on total assets ratio =Net operating cash flow/Average total assets

Let plug in the formula

Year 1 Cash flow on total assets ratio=$102,920/$1,240,000

Year 1 Cash flow on total assets ratio=8.3%

Year 2 Cash flow on total assets ratio= 138,920/1,510,000

Year 2 Cash flow on total assets ratio= 9.2%

(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1

5 0
3 years ago
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00, which is a dollar above the
Ber [7]
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
7 0
3 years ago
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
aliina [53]

Answer:

Todrick Company

1. Contribution Format Income Statement:

Sales                                                               $ 405,000

Beginning merchandise inventory $ 27,000

Purchases                                      $ 270,000

Ending merchandise inventory       $ 13,500

Variable selling expense               $ 20,250

Variable administrative expense  $ 20,250

Total variable costs                                          324,000

Contribution margin                                        $ 81,000

Fixed selling expense                  $ 40,500

Fixed administrative expense      $ 16,200      56,700

Net operating income                                    $ 24,300

2. Traditional Format Income Statement:

Sales                                                               $ 405,000

Beginning merchandise inventory $ 27,000

Purchases                                      $ 270,000

Ending merchandise inventory       $ 13,500   283,500

Gross profit                                                         121,500

Variable selling expense               $ 20,250

Variable administrative expense  $ 20,250

Fixed selling expense                   $ 40,500

Fixed administrative expense      $ 16,200      97,200

Net operating income                                    $ 24,300

3. The selling price per unit = $405,000/1,000 = $405

4. The variable cost per unit = $324,000/1,000 = $324

5. The contribution margin per unit = $81,000/1,000 = $81

6. The contribution format income statement would be more useful to managers in estimating how net operating income will change in response to changes in unit sales.  The contribution format income statement helps in identifying the variable and fixed elements of costs.  Without this separation, it is not possible to estimate how this change responds to unit sales.

Explanation:

a) Data and Calculations:

Sales                                                               $ 405,000

Beginning merchandise inventory $ 27,000

Purchases                                      $ 270,000

Ending merchandise inventory       $ 13,500   283,500

                                                                            121,500

Variable selling expense               $ 20,250

Variable administrative expense  $ 20,250     40,500

Contribution margin                                        $ 81,000

Fixed selling expense                  $ 40,500

Fixed administrative expense      $ 16,200      56,700

Net operating income                                    $ 24,300

7 0
3 years ago
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7
sladkih [1.3K]

Answer:

Explanation:

Calculation of materials budget for 2012

Budgeted production units (A)  17,700

Material Required per unit (Yards) (B)  7

Total Material required (C) = A*B (Yards)  123,900

Add: Desired Ending material inventory  5,400

Less: Beginning Material inventory  (4,870)

Material to be purchased (Yards)  124,430

Price Per yard  $4 .70

Cost of Material to be purchased $584,821

4 0
3 years ago
Read 2 more answers
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