Which of these is NOT true about credit cards?

Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A: Sales revenu

Volgvan

Answer:

A's segment profit margin is: $151,000

Explanation:

<u>Calculation of A's segment profit margin</u>

Sales revenue $ 810,000

Less Variable operating expenses ($319,000)

Controllable Contribution $491,000

Less Fixed expenses:

Traceable to A and controllable by A ($230,000)

Traceable to A and controllable by others ($111,000)

Profit Margin $151,000

8 0

3 years ago

1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home chil

nlexa [21]

B) Family child care <span>refers to care of a child in someone else's home. This is like a day-care that exists in someone's place of residence. Usually there are a number of children enrolled at once, and the care-taker makes the home more suitable to the purpose, ensuring child safety and that there are plenty of activities to stimulate the children.

</span>

8 0

2 years ago

Read 2 more answers

Greg is the owner of a full-service car wash. For the month of December he paid $2,000 in rent, $700 in utilities, $2,950 in sal

galben [10]

Answer:

Break-even point= 713 car washes

Explanation:

Giving the following information:

For December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full-service car wash costs $10.50. Unit variable costs per car wash are $2.50.

First, we need to calculate the total fixed costs:

Fixed costs= rent + utilities + salaries + advertising

Fixed costs= 2,000 + 700 + 2,950 + 50= $5,700

Now, using the following formula, we can calculate the break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 5,700/ (10.5 - 2.5)= 713 car washes

3 0

2 years ago

During 2021, its first year of operations, a company provides services on account of $255,000. By the end of 2021, cash collecti

ryzh [129]

Answer:

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

Explanation:

Based on the information given we were told that the company provides services of the amount of $255,000 in which the cash collections on the accounts was the amount of $131,000 and 13% of accounts receivable will be uncollectible which means that the adjusting Journal entry for uncollectible accounts on December 31, 2021 will be :

Preparation of the adjusting Journal entry for uncollectible accounts on December 31, 2021.

December 31,2021

Dr Bad Debt Expense 16,120

Cr Allowance for Uncollectible Accounts 16,120

[($255,000-$131,000)*13%]

$124,000*13%

=$16,120

8 0

2 years ago

Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each

pogonyaev

Answer:

total revenue = is 99300

Explanation:

given data

expects to sell in October = 3,000 units

expects sales to increase = 10%

Sales price stay constant = $10 per unit

solution

we get revenue hereby the sum of revenue of oct + nov + dec

revenue = price × quantity .........................1

total revenue = is 99300

8 0

2 years ago