1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sheet for each company.

Answers

Answer 1

There are three main parts of income statements and they are:

RevenueExpensesProfit

What is an Income Statement?

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

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Related Questions

The weight of toys a toddler owns has a population mean of 15.8kg and a population standard deviation of 4.2kg. What is the probability a toy store owner could select a sample of 49 toddlers and find the sample mean to be

Answers

The sample mean is most likely going to be  15.8kg because the population mean,, is proven by statistics to be equal to the mean of the sample distribution of x. This is further explained below.

What is sample mean?

Generally, Since the population mean,, is statistically shown to be equal to the mean of the sample distribution of x, we can confidently predict that the sample mean will be 15.8kg.

In conclusion, The mean of a group of data points. The sample mean is a useful statistic for computing the central tendency, standard deviation, and variance of a data collection.

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A written communication between two departments of a company would be made by ??

Answers

A written communication between two (2) departments of a company would be made by memo.

What is a memo?

A memo is abbreviation for memorandum and it can be defined as a written communication which is typically used to communicate an information of immediate importance to people within a business or between two (2) departments of a company.

This ultimately implies that, a written communication between two (2) departments of a company would be made by memo.

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Help solve the blanks

Answers

Here is the completed table:

Labor    Total Product   Marginal Product  Average Product

0               0                      N / A                       N / A

1               10                       10                            10

2              25                         15                             12.50

3              45                        20                              15

4              63                         18                              15.75

5              75                          12                             15

6             80                            5                              13.3

7              80                          0                               13.3

8              68                         - 12                               8.50

How to determine the total product, marginal product and average product?

The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.

Blank 1 : 10 x 1 = 10

Blank 5: 25 + 20 = 45

Blank 7: 15.75 x 4 = 63

Blank 9: 63 + 12 = 75

Blank 13: 80 + 0 = 80

Blank 15: 8.50 x 8 = 68

Marginal product is the change in total product when labor is increased by 1.

Blank 2 : 10 - 0 = 10

Blank 3 : 25 - 10 = 15

Blank 8: 63 - 45 = 18

Blank 11: 80 - 75 = 5

Blank 16: 68 - 80 = - 12

Average product is the total labor divided by the total labor.

Blank 4: 25 / 2 = 12.50

Blank 6: 45 / 3 = 15

Blank 10: 75 / 5 = 12

Blank 12: 80 / 6 = 13.33

Blank 14 : 68 / 8 = 8.50

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A firm can produce 1,000 bushels of wheat per year with two workers or 1,300 bushels of wheat per year with four workers. The marginal product of the 4th worker is _____ bushels. {Hint: Find the formula for MP.]

Answers

The marginal product of the fourth worker is 150 bushels of wheat.

What is the marginal product?

Marginal product is the change in the total product of labour when labour is increased by one unit.

Marginal product = change in output / change in labour

change in output = 1300 - 1000 = 300

change in labour = 4 - 2 = 2

300 / 2 = 150

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Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790

Answers

Windsor's gross profit for the month is:C. $1520.

Gross profit

First step

January purchase:

Purchase= 130 - (210 - 130)

Purchase=130-80

Purchase= 50 units

Sales revenue= (260 + 50) x 9

Sales revenue=310×9

Sales revenue= $2,790

Second step

Cost= (260 x 4) + (50 x 4.60)

Cost=1,040+230

Cost= $1,270

Third step

Gross profit:

Gross profit= 2,790 - 1,270

Gross profit= $1,520

Therefore the correct option is C.

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by using Philips curve, If the unemployment rate in the economy is steady at 4 percent per year, how does the short-run Phillips curve predict that the inflation rate will be changing, if at all? What will happen if the unemployment rate now rises to 7 percent per year? Assume there are no changes to inflation expectations. Provide an appropriate graph to support your discussion

Answers

The prediction that the inflation rate will change is that there will be a right-ward shift of the curve to indicate that inflation is on the increase. Recall that unemployment is depicted on the x -axis, and inflation on the y-axis.

What is a Phillips curve?

The Philips curve shows an inverse relationship between unemployment and inflation.

What will happen if the unemployment rate now rises to 7 percent per year?

Because the relationship between inflation and unemployment is inverse (that is, all things being equal), if the unemployment rate now rises to 7 percent per year, the inflation rate is sure to fall.

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After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?

Answers

The thing that can be accurately told about the organization is that  high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.

What is promotion?

Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.

Thus, organization is that  high authority is not much responsible.

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What is the biggest memecoin of 2022 ?

Answers

Answer:

Dogecoin (DOGE), Floki Inu (FLOKI), and RoboApe Token (RBA) are the top three meme coins on the market in 2022.

Explanation:

Hope it helps!

Dogecoin is one of them

How does multi party system works

Answers

Answer:

In multi-party systems that use proportional representation, each party wins a number of legislative seats proportional to the number of votes it receives. Under first-past-the-post, the electorate is divided into a number of districts, each of which selects one person to fill one seat by a plurality of the vote.

Answer:

Multi-Party System is formed  If several parties compete for power and more than two parties have a reasonable chance of coming to power either on their own strength or in alliance with others.

This system is able to represent diverse contestants  and regions.

What enables a oligopoly to form within a market

Answers

It would be too costly to launch a competing business To establish Oligopoly in the market.

What is a market?

The entire number of buyers and sellers in the area or region under consideration is referred to as the market.

A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.

The market share of the major companies is calculated using the concentration ratio.

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Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage​

Answers

Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.

What is matrix organization structure?

A combination of or greater varieties of organizational structures is referred to as a matrix structure. It is a manner of arranging your enterprise so you set up reporting relationships as a grid, or a matrix, in preference to in the conventional hierarchy.

hence, Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.

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tying financial models to strategies of a business helps generate more insightful analyses

Answers

Tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.

What is a financial model?

It should be noted that financial modelling is the representation of a company's operations to achieve a desired goal.

In this case, tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.

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This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
a. IORB
b. Discount Rate
c. Federal Funds Rate
d. Required Reserve Ratio

Answers

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

What is the IORB?

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

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Genpact Select all that is false about lean digital

Answers

The false statement about Genpact's lean digital is A. it involves Digital Assets built on a set of chosen technologies that robotics process automation to artificial intelligence.

What is lean digital?

Lean Digital is a technique that firms use to apply lean concepts to the creation of new digital products.

The principles of lean digital are:

Process-centric Design thinking Agility.

Thus, the false statement about Genpact's lean digital is Option A.

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Question Completion with Answer Options:

A. It involves Digital Assets built on a set of chosen technologies that

robotics process automation to artificial intelligence.

B. It focuses only on technology deployment.

C. It uses Digital SEP to re-imagine outcomes.

D. It uses Design Thinking to improve User Experience.

what is Service Marketing Environment??

Answers

Answer:

The service marketing environment refers to all internal and external factors, which directly or indirectly influence the organization's decisions related to marketing activities. Internal factors are within the control of an organization; whereas, external factors do not fall within its control.

Explanation:

Trial Balance Practice
Cole Hernandez, owns a business named Ceco Co. with the following ledger accounts as of June 30, 2020
Instructions:
1. Prepare a trial balance for Ceco Co. as of June 30, 2020.
2. Remember to write in the full three-line heading and put the accounts in the proper order.

Account Balance
A/P - Batt Inc. $785.00
A/P - Parker Products 1000.00
A/P - Nishi Co. 1200.00
A/R - R. Tamo 3500.00
A/R - G. Slaught 1124.00
A/R - P. Onno 850.00
Automobile 22800.00
Bank Loan 25000.00
Cash 5000.00
C. Hernandez, Capital 32224.00
Equipment 25350.00
Supplies 1585.00

Answers

The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:

Ceco Co.

Trial Balance

At June 30, 2020

Accounts                                      Debit            Credit

Cash                                      $5,000.00

A/R - R. Tamo                          3,500.00

A/R - G. Slaught                        1,124.00

A/R - P. Onno                            850.00

Supplies                                  1,585.00

Automobile                         22,800.00

Equipment                          25,350.00

A/P - Batt Inc.                                                 $785.00

A/P - Parker Products                                   1,000.00

A/P - Nishi Co.                                               1,200.00

Bank Loan                                                  25,000.00

C. Hernandez, Capital                               32,224.00

Totals                              $60,209.00    $60,209.00

What is a trial balance?

A trial balance is a list of the ledger accounts balances at a particular date of the financial period.

The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.

Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.

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Identify the "3" laws, rules, and regulations in law of business

Answers

The antitrust law is the set of federal and state laws whose purpose is to regulate the conduct of companies in order to establish rules for legal business practice and regulation on securities.

What is business law?

It corresponds to the set of laws, rules and regulations that apply to the corporate environment, establishing the responsibility of companies and their workers, their rights and duties in order to build an ethical and positive  market for business development.

Therefore, business law is essential for the maintenance of legality and ethics in a competitive business environment, instituting protection in several important areas, such as socio-environmental responsibility and workers' rights.

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Question 23
Investment gains earned during an initial time period are then put to work in the second time period earning additional
investment returns. What is this called?
A) Debt
B) Principal
C) Interest
(D) Compound growth
Questions Filter (40)
K First < Previous
4.75 Points
Next > Last >
Continue

Answers

The concept of reinvesting investment gains is called compound growth.

What is compound growth?

Compound growth is when both the amount invested and the investment gains already accrued increase in value because both amount are reinvested back in the venture. Compound growth ensures a faster growth in investment returns when compared with not reinvesting investment gains.

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Which product would be considered part of the business-to-business market?

Answers

The product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.

What is a business-to-business market?

A business-to-business market describes a process whereby goods or services are exchanged for the production of other goods or services.

In this market, the buying organization is not the final consumer but a producer of goods from the purchased inputs.

Question Completion with Answer Options:

a) Classes at a university for a college freshman

b) Lumber needed to make furniture

c) A haircut from a salon

d) Appliances needed for your home

Thus, the product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.

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Select all that apply.
Select each of the benefits of being financially responsible.
having more opportunities
earning more money
paying higher interest rates for loans
having a good credit score
being rejected for loans
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence

Answers

Answer:

having more opportunities

earning more money

having a good credit score

being prepared for emergencies

paying lower interest rates on credit cards

gaining independence

Explanation:

Calculate the 2 year annuity factor if the required rate of return is 10%.

1.736
0.091
0.826
2.486

Answers

The 2-year annuity factor for a required rate of return of 10% can be calculated to be A. 1.736.

How can the annuity factor be found?

The annuity factor can be found by the formula:

= 1 x (1 - (1 + rate) ^-number of periods) / rate

Solving gives:

= 1 x (1 - (1 + 10%)⁻²) / 10%

= 1 x 1.7355

= 1.736

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What is the answer to this question

Answers

According to the context, it can be inferred that the word that correctly completes the sentence is reaction (option C).

How to identify the missing word of the fragment?

To identify the missing word of the fragment we must take into account the context, in this case it speaks of the 2020 pandemic in which many people were affected by not being able to work and required the help of others.

In this case, the retailers had a reactive attitude towards this situation because they decided to donate in response to the problems that the pandemic unleashed with the neediest people.

Note: The question is not readable in the image. Next is the question.

Some retailers have decided during COV.ID to donate a percentage of sales to programs that support those in need, such as food banks. These businesses could be said to have a _______ approach of social responsiveness during this per.iod.

OPTIONS:

ObstructionObligationReactionInvolvement

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Jim works as a professional wrestler under the character name, "Headhunter Jim the Death Dealer". Jim can register his character's name as
A. a certification mark
B. a service mark
C. a trade name
D. a character mark

Answers

Answer:

A IS THE CORRECT ANSWER. .

The correct option is A. a certification mark.

What is a certification mark?

A "certification mark" refer to any word, name, symbol, device or their combination that is used by a person other than its owner.

It is a special mark that is created for a purpose uniquely different from that of an ordinary service mark or trademark.

Here, Jim can register his character's name as a certification mark to get the unique identity.

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1. your _______has a strong influence on how you approach your business.
2. it's wise to interview and job shadow someone experienced in the field______ you choose your business.
3. During the decision making process,______ any business area that suits your personality.
4. _______,________,and __________, are possible issues to consider when evaluating your business personality

5. Learning the details of day to day business can help your tailor your plan to suit your_____​

Answers

Answer:

Explanation:

1.  mindset

2. in which

3. look at

4. motivation, planning, strength

5. business aspects

Answer:

1. personality

2. before

3. accept

4. Office hours, profit margins, deadlines

5. strengths

Explanation: PF

Biltmore Corporation uses the weighted-average process costing method. During
the month of April the direct material equivalent unit cost was $11 and the
conversion cost equivalent unit was $5. Biltmore completed and transferred
$200,000 of production to the finished goods inventory for the month of April. Use
this information to determine the number of units that were transferred from the
Work in Process. Round answer to closest dollar (do not enter cents).

Answers

The number of units that were transferred from the Work in Process is 12,500

What is the quantity of finished output transferred from work in process to finished goods?

In the first place, each unit of completed output would require direct material which costs $11, and conversion cost(the cost of labor for converting the direct material to finished product).

In essence, each complete unit is worth $11 plus $5 i.e. $16

The total cost of completed and transferred output is the total cost per unit, $16, multiplied by the number of units completed and transferred

cost of completed and transferred output=total cost per unit*units transferred

cost of completed and transferred output=$200,000

total cost per unit=$16

units transferred=unknown(assume it is X)

$200,000=$16*X

X=$200,000/$16

X=12,500(units)

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Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $19,525 Direct labor 25,290 Factory overhead 30,701 Work in process inventory, March 1 20,793 Work in process inventory, March 31 20,777 Finished goods inventory, March 1 24,302 Finished goods inventory, March 31 27,574

Answers

The cost of goods manufactured for Zoe Corporation for the given information will be $75,532; whereas, cost of goods sold will be $72,260.

What is the cost of goods manufactured?

Cost of goods manufactured is the cost that is derived in totality of the beginning work in process and direct costs incurred, less the closing works in process.

The calculation of the costs of goods manufactured will be,

Cost of Goods Manufactured= Beginning WIP + Direct Costs + Overhead Costs – Closing WIP

Cost of Goods Manufactured= 20793 + 19525 + 25290 + 30701 – 20777

Cost of Goods Manufactured= $75532

Similarly, the cost of goods sold will be calculated as,

Cost of Goods Sold = Cost of Goods Manufactured + Beginning Inventory – Closing Inventory

Cost of Goods Sold = 75,532 + 24,302 – 27,574

Cost of Goods Sold = $72,260

Hence, the cost of goods manufactured and the cost of goods sold are calculated as above. The complete question has been added as an image for better reference.

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Please use the following baseline information:

Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years

At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.

(I know it’s not $5,000)

Answers

Answer:

The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.

Explanation:

Which of the following is NOT a feature in the Formulas menu of the Macabacus Excel add-in?

Review Later
Summary Statistics
Error Wrap
Quick CAGR
Formula Flow

Answers

The feature which is not a feature in the formulas menu of the Macabacus Excel add-in is : ( A ) Review later

What is Macabacus Excel add-in ?

Maccabeus excel add-in is a formula editing tool in excel which speeds up the process of identifying and correcting errors in financial models. Review later is a feature in excel that prompts you review a work at a different time but it is not found in the Formulas menu of the Macabacus Excel add-in. Other features listed are found in the formulas menu of the Macabus excel add-in.

Hence we can conclude that The feature which is not a feature in the formulas menu of the Macabacus Excel add-in is : Review later

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What should food workers use to touch food from display cases

Answers

Answer:

Food workers can use gloves,tongs or deli tissue to touch food from display cases.

The government has many laws and regulations concerning the treatment of employees. Which department in an organization is responsible for filing reports required by the government, displaying posters that detail government regulations, and addressing any unlawful behavior?

Answers

The human resources department is responsible to look after the regulations concerning the treatment of employees.

What do you know about the Human resources department?

The obligations of a human aid supervisor fall into 3 principal areas: staffing, worker reimbursement and benefits, and defining/designing work. Essentially, the cause of HRM is to maximize the productiveness of a business enterprise via way of means of optimizing the effectiveness of its employees.

Thus, The human resources department is responsible to look after the regulations concerning the treatment of employees.

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which organization in the united states studies and asses the environment to protect it and people affected by any negative change in the environment PLEASE HELP! Which linear inequality is represented by the graph?Oy< 2/3x + 3Oy> 3/2x+3Oy> 2/3x + 3Oy< 3/2x+3 You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this lottery there are one $475 prize, two $95 prizes, and four $30 prizes. Find your expected gain or loss. (Round your answer to two decimal places.) Gasoline and ethanol are substitute fuels. If the government increases taxes on gasoline, this will cause a(n) ________ in deadweight loss in the market for gasoline and a(n) ________. a. increase; decrease in demand for ethanol b. increase; decrease in the price of ethanol c. decrease; increase in the price of ethanol d. increase; increase in the price of ethanol Please explain this. In the mid-1990s, the children of divorced parents were about ____ times more likely to divorce than their peers from intact families. Each of the performers at a circus convention is either a unicyclist, a mime or an aerial artist. The ratio of unicyclists to mimes is 3: 14 The ratio of unicyclists to aerial artists is 9 : 11 There are 88 aerial artists. What percentage of the performers are unicyclists? Give your answer to 2 d.p. opinion, what two moments in Part II best highlight Jackie's love of words and stories? YouPrompt: In Part II, we see early hints of Jackie's interest in language and writing. In yourmay include evidence from anywhere in Part II (pg. 49-128). HEELLLPPMEEEEEEEE PLS 30 pointssSuppose that x0 and y0. We know from our work in this section that 1/x1/y is equivalent to 1/xy. Is it also true that 1/x+1/y is equivalent to 1/(x+y)? Provide evidence to support your answer. find the work done by a person pushing a 40 pound box up an incline that is 30 degrees above the horizontal and 100 feet long (ignore friction forces etc.- also remember Work is the inner product of Force and direction vectors. Furthermore remember gravity is a force acting in the downward direction) Rashaad leans a 22-foot ladder against a wall so that it forms an angle of 65 with the ground. How high up the wall does the ladder reach? Round vour answer to the nearest hundredth of a foot if necessary. Although Rhode Island used the most paper money to deal with its financial problems, __________ refused to accept this type of currency and had to pay steep fines for doing so. At times, latitudes with values higher than ________ degrees can have ~ 24 hours of continuous sunshine. There are also some traits that are negatively related to leadership and being successful in that position. People who are ________, _________, _________, and ________ are less like to be perceived as good leaders. a. Confident, knowledgeable, agreeable, modest b. Good natured, confident, agreeable, avoid conflict c. Agreeable, modest, good natured, avoid conflict d. Agreeable, avoid conflict, conscientious, good natured Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. This means that Ms. Sawyer's real income has ____________ since last year. D=a/a+12*M. The adult weighs 75 kg. Calculate the adults weight in kilograms to pounds. Round final answer 2 decimal places Escoge la frase que es cierta.No hay mucha influencia de otros pases en Puerto Rico.Antes de ser territorio de los Estados Unidos, Puerto Rico fue territorio de Espaa.A la orden no es una frase muy amable. Is bananas good for female private part? what is the domain of f(x)-(1/4)^x? A. y>0B. x0D. All real numbers In 25 words or fewer, explain why businesses use social media to digitally market their products.