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2 years ago

When and where were the first vending machines introduced in the united states?.

1 answer:

5 0

In 1888, Thomas Adams was the first person to build a vending machine that dispensed chewing gum. The gum, named Tutti-Frutti, was available around New York City subway stations.

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In the storming stage of team development, team members will have accepted team goals, be operating as a unit, and, as indicated

yKpoI14uk [10]

Answer:

B) False

Explanation:

The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.

4 0

3 years ago

Argue why a product launch that exceeded expectations may actually be a negative result.

STALIN [3.7K]

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

4 0

2 years ago

True or false: if hubert's fire engines were a competitive firm instead and $80,000 were the market price for an engine, decreas

Amanda [17]

FALSE

because hubert being a competitive firm, if it decreases the price of engine, demand increases and thus production increases. Therefore revenue also increases.

7 0

3 years ago

In 2022: Net sales are expected to increase by $9.70 million. Cost of goods sold is expected to be 60 percent of net sales. Depr

Anuta_ua [19.1K]

Answer:

The question is not complete.

Here is the complete question:

You have been given the following information for PattyCake’s Athletic Wear Corp. for the year 2021:

Net sales = $38,900,000.

Cost of goods sold = $22,220,000.

Other operating expenses = $6,400,000.

Addition to retained earnings = $1,210,500.

Dividends paid to preferred and common stockholders = $1,943,000.

Interest expense = $1,850,000.

The firm’s tax rate is 30 percent.

In 2022:

Net sales are expected to increase by $9.90 million.

Cost of goods sold is expected to be 60 percent of net sales.

Depreciation and other operating expenses are expected to be the same as in 2021.

Interest expense is expected to be $2,125,000.

The tax rate is expected to be 30 percent of EBT.

Dividends paid to preferred and common stockholders will not change.

Calculate the addition to retained earnings expected in 2022. (Enter your answer in dollars, not millions.)

Here is the answer:

Addition to retained earnings is $ 5,753,500

Explanation:

Addition to retained earnings is derived after deducting dividend paid to preferred and common stockholders from the earnings after tax of the entity.

In the case of PattyCake’s Athletic Wear Corp. , it is important to calculate earning after tax before deducting dividend to get addition to retained earnings:

Calculation of Earning after Tax

Earning after Tax is derived by deducting, cost of sales, operating expenses, interest and tax from the entity net sales.

Net Sales ( $38,900,000. + $9,900,000) 48,800,000

Cost of Sales (0.6 * 48,800,000) (29,280,000)

Gross profit 19,520,000

Depreciation and other operating expenses (6,400,000)

Earning before Interest and Tax 13,120,000

Interest (2,125,000)

Earning before Tax 10,995,000

Tax @ 30% EBT (3,298,500)

Earning after Tax 7,696,500

After this, dividend paid is removed to get addition to retained earnings

= $7,696,500 - $1,943,000

=$ 5,753,500

5 0

3 years ago

Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional

Serhud [2]

Answer:

C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.

Explanation:

Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.

Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.

E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.

6 0

3 years ago