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Mkey [24]
2 years ago
9

A Profit and Loss (P&L) statement is an essential part of determining how a business is doing. Imagine that the following re

flects the first two quarters Tasty Cakes Bakery has been in business. The owner had saved funds to cover her living expenses prior to starting the business, so she does not intend to draw a salary for the first year. She is doing most of the business herself but has hired a part-time assistant for weekend mornings and when large orders come in. While the first quarter had some unexpected expenses when the oven broke down, overall it went well. During the second quarter, she got a bit of a bump in business due to the number of graduation and wedding cakes ordered. She was also asked to deliver an order of 500 cupcakes to a function at city hall, which required her to rent some equipment to transport and serve the order; however, the $800 that it paid more than covered the additional expense.
a. If you were going to spend more on marketing, which product would you emphasize and why?

b. Should the budget for office supplies and repairs be reduced for the next quarter? Explain your answer.
Business
1 answer:
Kobotan [32]2 years ago
5 0

Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes.

<h3>What is marketing?</h3>

Marketing simply means the prices of exploring, and delivering value in order to meet the needs of the target market.

Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes. This is because the $800 that it paid more can cover the additional expense.

Also, the budget for office supplies and repairs be reduced for the next quarter. This is because they will have already gotten the supplies needed to start up.

Learn more about marketing on:

brainly.com/question/25369230

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Cost of services account
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The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expec
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Answer:

(A) ​4.8 months

Explanation:

After the expiration of a lease, a maximum of one third allowance is usually given.

Therefore, The expected vacancy at the end of this lease can be calculated as follows:

The expected vacancy = 60% × 12 × (2 ÷ 3) = 4.8 months

Therefore, the expected vacancy at the end of the lease is 4.8 months.

6 0
3 years ago
Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) Skip to question [The following information applies to the questio
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Answer:

Demon Deacons Corporation

Adjusted Trial Balance:

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           4,320

Supplies                                     740

Deferred Revenue                                   $ 1,800

Salaries Payable                                            700

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     47,480

Salaries Expense                 32,700

Rent Expense                         2,160

Supplies Expense                 2,660

                                         $ 66,380   $ 66,380

Explanation:

a) Data and Calculations:

The December 31, 2021, unadjusted trial balance for

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           6,480

Supplies                                  3,400

Deferred Revenue                                  $ 2,400

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     46,880

Salaries Expense                 32,000

                                         $ 65,680   $ 65,680

Adjustments:

DR Rent Expense $2,160         CR Prepaid Rent $2,160

DR Deferred Revenue $600   CR Service Revenue $600

DR Salaries Expense $700      CR Salaries Payable $700

DR Supplies Expense $2,660 CR Supplies $2,660

8 0
2 years ago
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Yes, I think that even social media and cell phone information is personal it should be reviewed if there are enough reasons to think that you are a threat to others.  

Explanation:

Currently there are constants news of shootings in social spaces like malls, schools, bars, metro stations and so on. The persons that commit those crimes might leave leads in their social media that can become important to prevent these crimes.  

The most recent case of shooting in the Santa Clarita school in California depict how social media is always investigated to determine the motives of these crimes. Therefore, would not be better to look social media before these events occur? From this perspective I agree with the access to social media and cell phone content .

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Answer:

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Ending work in process inventory, $230000

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Ending finished goods inventory, $274000

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured – Ending Finished Goods Inventory

Cost of Goods Sold = $252000 + $866000 - $274000

Cost of Goods Sold = $844000

*Beginning work in process inventory and Ending work in process inventory has already been dealt in cost of goods manufactured calculations.

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3 years ago
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