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2 years ago

Activity #1 picture identification as to what type of business

Business

1 answer:

Ann [662]2 years ago

3 0

Answer:

1. Manufacturing

2. Service

3. Merchandising

4. Manufacturing

5. Hybrid type of business

Explanation:

I'm not sure about my answers but- they are based on logic if you look closely at each picture

¯\_(ツ)_/¯

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The state of Indiana charges a 6% sales tax on most consumer goods. Grant purchased a generator for $400 and paid an additional

faltersainse [42]

Answer:

the correct answer is

The $400 retail price of the generator.

good luck

8 0

3 years ago

Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur

kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales $9,800

Cost of Goods Sold ($6,015)

Gross Profit $3,785

All workings are made in an MS Excel File, which is attached with this answer Please find it.

Download xlsx

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2 years ago

The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:

Alinara [238K]

Answer:

Net income = $725,625

Earnings per share = $7.26 per share

Explanation:

The multiple-step income statement refers to an income statement that displays gross profit obtained as sales revenue minus cost of goods sold, and also shows an organization's operating revenues and operating expenses separately from its nonoperating revenues or gains and expenses or losses.

The multiple-step income statement can be prepared as follows:

Rollins Inc.

multiple-step income statement

For the Year Ended December 31, 2021

Details $ $

Sales Revenue 5,400,000

Cost of goods sold (3,950,000)

Gross profit 1,450,000

Operating expenses:

Selling expense (350,000)

General and admin expense (250,000)

Total operating expenses (600,000)

Operating income 850,000

Interest revenue (expense):

Interest revenue 37,500

Interest expense (20,000)

Total Interest revenue (expense) 17,500

Other compreh. income (loss):

Loss on sale of investments (10,000)

Loss on debt investments (125,000)

Gain on projected ben. obligation 235,000

Total other compreh. income (loss) 100,000

Income before tax 967,500

Income taxes (w.1) (241,875)

Net income  725,625 

Earnings per share (w.2) 7.26

Workings:

w.1: Income taxes = Income before tax * Effective tax rate = $967,500 * 25% = $241,875

w.2: Earnings per share = Net income / Number of shares of stock outstanding throughout the year = $725,625 / 100,000 = $7.26

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2 years ago

The inheritance pattern for red-green color blindness is different for males compared to females. Red-green color blindness is m

Komok [63]

Answer:

The gene that causes color blindness is linked to the X chromosome and it is much more frequent in males than females because females have two X chromosomes. So for a female to suffer from color blindness, both of her X chromosomes should carry the genetic disorder.

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2 years ago

Define ATS and describe its use.. Why would large companies use an ATS ?

elena55 [62]

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

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1 year ago