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3 years ago

How can the owners of Antoun Hair Salon determine whether they made a

Business

1 answer:

bija089 [108]3 years ago

3 0

Answer:

The answer is (D) By subtracting all the costs from the amount of money the customers paid.

Explanation:

When we get the total costs and the amount customers paid we just need to subtract to get the profit made that month.

(m being total amount of money, c being the costs and p being the profit)

m - c = p

think of it this way, if we have an empty bag and each person that comes by puts one candy on the bag and 10 people come by we get a total of 10 candies, then we eat 5 candies to satisfy our desire for candy then we are left with 5 candies.

(the 10 people being customers, the 5 candies being the costs and the leftover 5 candies being the profit)

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Which of the following statements abouot the declaration and payment of cash dividends is correct?

padilas [110]

Answer: C. Declaration and payment of cash dividends will reduce the amount of cash available to invest in assets.

Explanation:

When a company pays out Dividends it gives out money to it's shareholders and this has the effect of decreasing the cash balance that the company has.

This is cash that could have gone into investing and expanding the business but instead has gone to shareholders. Dividends therefore reduce the money available for investments.

It is for this reason that Growth Companies do not pay much dividends as they keep reinvesting profits to increase capacity and this usually adds value to the company and increases their stock price within a shorter period of time.

6 0

3 years ago

Industries sales budget shows quarterly sales for the next year as follows: Quarter 1dash17 comma 000; Quarter 2dash15 comma 0

Angelina_Jolie [31]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Quarter 1: 17,000;

Quarter 2: 15,000;

Quarter 3: 19,000;

Quarter 4: 21,000.

Company policy is to have a target finished-goods inventory at the end of each quarter equal to 25 % of the next quarter's sales.

2nd Q production:

Sales= 15,000

Ending inventory= 0.25*19,000= 4,750

Beginning inventory= (15,000*0.25)= (3,750)

Total= 16,000 units

8 0

3 years ago

Which network signaling method uses digital signals and consumes the entire available bandwidth of the network media as a single

satela [25.4K]

Verizon ?............

6 0

3 years ago

Samantha, who is single and has MAGI of $28,000, was recently employed by an accounting firm. During the year, she spends $2,500

gregori [183]

Answer:

a. CPA exam review course $0

b. Law school expenses $4,000

Explanation:

1a. CPA exam review course will be $0 because the IRS has disallowed any costs that will lead to qualifying for a different trade .

1b. The Law School expenses will be $4,000 . Based on section 222, Samantha is been limited to $4,000 of the tuition paid.

Therefore the balance of $650 is excess tuition $200 + $450 books which will not qualify under the regular education expense deduction due to the negative position of the IRS on law school costs.

6 0

3 years ago

Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2

Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0

3 years ago