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3 years ago

8

Bob, an art dealer, is writing a post for his own professional blog. His latest blog post is about a new mixed-media artist who

will soon have a show at Bob's gallery. What should Bob be sure to include in his post to enhance his credibility?

1 answer:

zheka24 [161]3 years ago

4 0

encontré al patito juan

Explanation:

xdddd

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The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs <u> $ 41,000</u>

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs <u> $ 11,500</u>

<u>Net Profit $ 65,500</u>

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs <u> $ 11,500</u>

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss <u> $ 38,000</u>

<u>Net Profit $ 65,500</u>

3 0

3 years ago

Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021

stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

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3 years ago

How have newspapers responded to their current financial situation?

iragen [17]

Answer:

The U.S. newspaper industry is suffering through what could be its worst financial crisis since the Great Depression. Advertising revenues have plummeted due in part to the severe economic downturn, while readership habits have changed as consumers turn to the Internet for free news and information. Some major newspaper chains are burdened by heavy debt loads. Between 2008 and early 2010, eight major newspaper chains declared bankruptcy, several big city papers shut down, and many laid off reporters and editors, imposed pay reductions, cut the size of the physical newspaper, or turned to Web-only publication.

Explanation:

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3 years ago

A lado of financial literacy can cause you to lose your

malfutka [58]

This can cause you to lose your retirement.

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3 years ago

A certain loan program offers an interest rate of 7%, compounded continuously. Assuming no payments are made, how much would be

vovikov84 [41]

Answer:

The amount of loan after two years is $2875.68.

Explanation:

Given information:

Interest rate = 7%, compounded continuously.

Time = 2 years

Initial value of loan = $2500

The formula for amount after continuous compound interest is

$A=Pe^{rt}$

where, P is principal,r is nominal rate per year, t is time in year.

Substitute P=2500, r=0.07, t=2 in the above formula.

$A=2500e^{0.07\cdot 2}$

$A=2500e^{0.14}$

$A=2875.68449714$

$A\approx 2875.68$

Therefore the amount of loan after two years is $2875.68.

8 0

3 years ago