who here has a business plan

When people conduct business without regard for government controls on price or quantity is called a black market. Please select

Natalija [7]

The statement ‘When people conduct business without regard for government controls on price or quantity is called a black market’ is true. The transactions made in the black market is illegal because it does not follow the set of rules by the government.

7 0

3 years ago

Use the adjusted trial balance for Stockton Company to answer the question that follow. Stockton Company Adjusted Trial Balance

soldier1979 [14.2K]

Answer:

net income $2,568

Explanation:

Net income = revenues - expense

We will list the revenues and the expenses accounts:

Fees Earned 7,304

Wages Expense 3,335

Rent Expense 844

Utilities Expense 330

Depreciation Expense 160

Miscellaneous Expense 67

Total expenses 4,736

Net Income 2,568

4 0

3 years ago

Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $

Anna [14]

Answer:

A) 32,090 cookies

B) $ 0.5665336

C) 32.938%

Questions:

A) If Erin sells her cookies for $1.72 each, how many cookies did she sell during the month?

B) Contribution margin per cookie

C) Contribution margin ratio

Explanation:

A) sales revenue / sale price per unit

55,194 / 1.72 = 32.089,53

B) and C)

variable cost:

manufacturing 28,232

selling 8,908 x 20% = 1.781,6‬

administrative 11,516 x 60% = 6.909,6‬

Total variable cost: 37.014,2‬

Contribution Margin: 55,194 - 37,014.2 = 18.179,8‬

Contribution Margin Ratio 18,179.8 / 55,194 = 0,329380 = 32.938%

Contribution Margin per cookie:

$1.72 x 32.938% = 0,5665336

5 0

3 years ago

Presented below are long-term liability items for Lind Company at December 31, 2019.Bonds payable, due 2017 ………….. $600,000Notes

Nikitich [7]

Answer and Explanation:

Long-term Liabilities

Bonds Payable $600,000

Less:

Discount on bonds payable $45,000 $555,000

Notes payable $80,000

Total Long-term Liabilities $635,000

8 0

4 years ago

Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

frozen [14]

Answer: Debit Petty cash $408; Credit Cash $408.

Explanation: Petty cash is a small amount of fund set aside for immediate or urgent minor expenses. In most organizations, there is a limit to the petty cash amount that a business unit can have. And someone is always saddled with the responsibility of managing the fund. It has its business rule in the sense that the amount should not be withdrawn beyond zero balance to throw it into debit.

In the instance of the question, the petty cash is $460 and within September, total expenses of $316 were incurred and paid for, leaving a balance of $144. However, the accountant determines that this cash should be increased by $92 on 1 October, so reimbursement to the fund would be the amount already spent ($316) and the proposed increment ($92), making $408.

5 0

3 years ago

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