2 years ago

Drag the tiles to the correct boxes to complete the pairs.

Business

1 answer:

aleksandr82 [10.1K]2 years ago

7 0

Tha is thanks for the free 8 points

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Insurance Agency started the year with a beginning capital balance of $ 25 comma 000. During the year, Rogers Insurance Agency

LiRa [457]

Answer:

The ending balance of Rogers, Capital is $29,000

Explanation:

In this question, we use the formula of opening capital which is shown below:

Opening capital = Closing capital + drawings - profit earned + loss incurred - additional capital

where,

The profit earned = Revenue - expenses

= $41,000 - $26,000

= $15,000

And, the other items would remain the same

$25,000 = Closing capital + $11,000 - $15,000 + $0 - $0

$25,000 = Closing capital - $4,000

So, the closing capital = $25,000 + $4,000

= $29,000

4 0

3 years ago

Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

n200080 [17]

Answer:

CVP Income Statement

Sales revenue 2,300,000

Less: Total variable cost 1,171,000

Contribution margin 1,129,000

Less: Fixed cost 664,000

Net Operating income $465,000

Note:

Cost of goods sold 936,000

Selling expenses 119,000

Admin expense 116,000

Total variable cost 1,171,000

Cost of goods sold 473,000

Selling expenses 71,000

Admin expense 120,000

Total Fixed cost 664,000

6 0

3 years ago

You just won the $85 million Ultimate Lotto jackpot. Your winnings will be paid as $3,400,000 per year for the next 25 years. If

Alex Ar [27]

Answer:

PV= $40,716,437.34

Explanation:

Giving the following information:

Cash flow= $3,400,000 per year

Number of years= 25

Interest rate= 6.7%

To calculate the present value, first, we will calculate the future value:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {3,400,000*[(1.067^25) - 1]} / 0.067

FV= 206,006,183.4

Now, the present value:

PV= FV/(1+i)^n

PV= 206,006,183.4/ (1.067^25)

PV= $40,716,437.34

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3 years ago

. If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the

aev [14]

Answer:

$4,807.69

Explanation:

The first step is to calculate the requirement for coinsurance

= 80/100 × 130,000

= 0.8× 130,000

= 104,000

Therefore the amount in which the insurance person will pay can be calculated as follows

= 100,000/104,000 × 5000

= 0.96153×5000

= $4,807.69

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3 years ago

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information f

dmitriy555 [2]

The answer is a , make sure you pick that oneb

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3 years ago