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3 years ago

Dwayne has proper funding for his bicycle shop, but needs assistance on what to do

1 answer:

8 0

Dwayne has proper funding for his bicycle shop, but needs assistance on what to do next.The type of assistance needed by Dwayne is Small Business Administration

Explanation:

In U.S. Small Business Administration is a United States government agency that render support the budding entrepreneurs and small businesses houses

The Small Business Administration (SBA) was established in the year 1953 with intention of providing assistance to small business houses ,thus promoting economic growth.

The main function of SBA includes providing counselling and financial aid to individuals trying to start their own businesses.

The assistance of SBA is provided in four main areas:

Financial aid
Educating and training individuals
Providing Government contracts
Acts as a supporting voice in policy matters.

All the above mentioned programs are aimed to help entrepreneurs start and establish their businesses .

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Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp

inysia [295]

Answer: Pure monopolists do not always realize economic profits.

Explanation:

Even though Pure Monopolies are the only sellers or makers of a good in a market and can therefore set their own prices, this does not mean that they will always make a profit talk more an economic one.

In the short run for instance, a Pure monopoly could see its average cost higher than its average revenue because some factors of production could not be varied. In this scenario, the monopolist would realize economic losses.

7 0

3 years ago

AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur

creativ13 [48]

Answer:

Method Ending Inventory // COGS

W/A 2,585.75 // 10,549.25

FIFO 2,620 // 10,515

LIFO 2,539 // 10,596

Explanation:

sales: 102 units

Sept. 1 Inventory 12 units $100 $ 1,200

Sept. 12 Purchases 45 units $103 $ 4,635

Sept. 19 Purchases 50 units $104 $ 5,200

Sept. 26 Purchases 20 units $105 $ 2, 100

Availalbe for sale 127 units $ 13, 135

Ending Invenotry 127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

Weigthed average:

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

FIFO

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

5 x 104 = 520 september 19th

Ending 2,620

COGS 13,135 - 2,620 = 10,515

LIFO

We sold the last, the first are ending inventory

12 x 100 = 1,200 September 1st

13 x 103 = 1,339 September 12th

Ending 2,539

COGS 13,135 - 2,620 = 10,596

4 0

3 years ago

A company's product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500

Gelneren [198K]

Answer:

Break-even point in units= 14,088 units

Explanation:

Giving the following information:

A company's product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 96,500/ (12.3 - 5.45)

Break-even point in units= 14,088 units

4 0

3 years ago

Andre Company does not segregate sales and sales taxes when it charges customers at the register. Its register total for a given

ahrayia [7]

Answer:C- $5,381 and $343

Explanation:

Andre Company had sales of $5,724 which has a 6% sales tax included in the sales.

Therefore we need to calculate what the sales tax component in the sales figure is. It is calculated thus:

Total sales including tax = $5, 724

Sales tax charged is 6%

Therefore actual sales = $5,724 * 6%

Equals $343

Adjusted sales is $5,724-$343= $5,381.

Adjusted Sales figure is $5,381

Tax on sales is $343

6 0

3 years ago

The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method f

adelina 88 [10]

Answer:

Operating Activity

Explanation:

The Indirect method, reconciles the Operating Profit to the Operating Cash Flow by adjusting the following items (1) Non Cash flow items previously added or deducted from Operating Profit and (2) Changes in Working Capital items.

Amortization of bond premium is an item of non-cash flow that was previously deducted from Operating Profit and needs to be added back.

7 0

4 years ago