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2 years ago

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Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi

ll continue down the same career path, which professional organization would Eduardo most likely be a part of in the future? SAG AFP O AASA O DECA

1 answer:

Mamont248 [21]2 years ago

5 0

Answer:c

Explanation:

I just took the text

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Which of the following is the path through which contractionary monetary policy works? A. Money down implies interest rate up im

Ede4ka [16]

Answer and Explanation:

B. Money down implies interest rate down implies investment down implies income down.

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3 years ago

Mr. A, a cash-basis taxpayer, sold his business in the current year for $120,000. The contract allocated $40,000 to inventory an

Leona [35]

Answer:

$2,000 ordinary gain and $15,000 long term capital gains

Explanation:

Under the installment method, the taxpayer will recognize gains based on the installments that they actually receive, not the whole contract. This method is generally used for real estate transactions that involve installments payments during several years.

In this case, Mr A received $60,000:

$40,000 for inventory, so gain = $40,000 - $38,000 = $2,000 ordinary gain

$20,000 for real property (25% of transaction price) = $20,000 x [($40,000 - $20,000) x 25%] = $20,000 - $5,000 = $15,000 long term capital gains

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2 years ago

How to generate leads on LinkedIn safely?

SSSSS [86.1K]

Answer:

<em>Cloud-based automation tools are very rewarding when used with a careful and disciplined approach. The purpose of automation tools is to make things easier for humans and that’s what cloud-based automation has been designed for. These tools come with advanced features and provide dedicated IPs which makes lead generation a 100% safe process.</em>

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3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured <u>$45,756,000</u>

Cost of goods sold <u>$50,143,200</u>

Gross Profit $30,856,800

Selling and Administrative Expenses <u>$13,122,000</u>

Operating Income <u>$17,734,800</u>

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold <u>$40,500,000</u>

Manufacturing Margin $40,500,000

Selling and Administrative Expenses <u>$12,150,000</u>

Contribution Margin $28,350,000

<u>Fixed cost</u>

Manufacturing cost $8,856,000

Selling and Admin Expenses <u>$972,000</u>

Total Fixed cost <u>$9,828,000</u>

Operating Income <u>$18,522,000</u>

4 0

3 years ago

When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell

Helga [31]

slope of this demand curve for pizza = <u>-1/40</u>

<h3>Briefly explained</h3>

Slope = changes in y/ changes in x

The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>

<h3>What is demand curve?</h3>

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period.

The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

Learn more about demand curve

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1 year ago