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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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Gimme some point son
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2 years ago
A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annua
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Answer:

D. -$1,116

Explanation:

Total amount of purchase = number of shares * price per share

= 300 * $8.62

= $2,586

Total dividends received = number of shares * dividend per share

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= $30

Total proceeds from sale of shares = number of shares sold  * price per share

= 300* $4.80

= $1,440

Total dollar return = (Total proceeds from sale of shares + Total dividends received - amount of purchase)

= $1,440 + $30 - $2,586

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3 0
3 years ago
stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The requ
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Answer:

The stock price 5 years from now will be 44.46

Explanation:

The stock price will increase like  compound interest at the same rate as the dividends.

Stock(1+ g)^{time} = Amount

Stock 35.25

time 5

dividend grow rate 0.0475

35.25 (1+ 0.0475)^{5} = Amount

Amount 44.45588696

The stock price 5 years from now will be 44.46

<u>Reasoning:</u>

In five years, if we calcualte the gordon dividend growth model:

\frac{divends_{year5}}{return-growth} = Intrinsic \: Value

and year 5 dividends would be:

Dividend\: (1+ g)^{5} = Divends_{year5}

\frac{Dividend\: (1+ g)^{5}}{return-growth} = Intrinsic \: Value

we can arrange the formula like this:

\frac{Dividend}{return-growth} \times (1+ g)^{5}= Intrinsic \: Value

The first part is the current stock price so our formula is confirmed.

$Market Value Today \times (1+ g)^{5}= Intrinsic \: Value

6 0
3 years ago
Which of these inventory changes would be accounted for prospectively? Select one: a. FIFO to LIFO, but not LIFO to FIFO b. LIFO
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Answer: a. FIFO to LIFO, but not LIFO to FIFO

Explanation:

Well the inventory changes which would likely be accounted for is the FIFO ( first in first out system ) to LIFO ( last in first out system ). But not the LIFO ( last in first out )  to FIFO ( first in first out ). This system are mostly used in sales where for FIFO the first goods to arrive leaves first and for LIFO the opposite of FIFO

7 0
3 years ago
Social security and medicare are
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Hopes This Helps
4 0
3 years ago
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