Answers
Based on the amount the owner contributed and then withdrew, the net income (loss) is -$12,300.
What is the net income (loss)?First, find the value of ending equity:
= Ending assets - liabilities
= 62,000 - 28,000
= $34,000
Then find beginning equity:
= 25,000 - 19,000
= $6,000
The net income(loss) is:
= Equity - Owner's contribution + Withdrawals - Beginning equity
= 34,000 - 44,500 + 4,200 - 6,000
= -$12,300
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Related Questions
3. You’re on the phone with a customer who has been on Plan F for about five years. She likes the comprehensive benefits, but she doesn’t think she can continue to afford the premiums. Which of the following options would give her the most comprehensive coverage at a lower premium than her Plan F?
Answers
WSM Corporation is considering offering an air shuttle service between Sao Paulo and Rio de Janeiro. It plans to offer four flights every day (excluding certain holidays) for a total of 1,400 flights per year (= 350 days × 4 flights per day). WSM has hired a consultant to determine activity-based costs for this operation. The consultant’s report shows the following.
Activity Activity Measure (cost driver) Unit Cost(cost per unit of activity)
Flying and maintaining aircraft Number of flights $ 500 per flight
Serving passengers Number of passengers $ 5 per passenger
Advertising and marketing Number of promotions $ 40,000 per promotion
WSM estimates the following annual information. With 4 advertising promotions, it will be able to generate demand for 40 passengers per flight at a fare of $150. The lease of the 60-seat aircraft will cost $2,000,000. Other equipment costs will be $1,000,000. Administrative and other marketing costs will be $600,000.
Required:
a. What annual operating income can WSM expect from this new service?
b-1. WSM is considering selling tickets over the Internet to save on commissions and other costs. It is estimated that the cost driver rate for flights would decrease by $100 as a result of Internet sales. Administrative and other marketing costs would increase by $1 million. WSM estimates that the added convenience would generate a 5 percent increase in demand. All other costs and fares would remain the same. What annual operating income can WSM expect from adopting Internet ticket sales?
b-2. Would you recommend that WSM adopt Internet ticket sales?
c. Assume that WSM management decides not to adopt the Internet strategy, regardless of your answer to requirement (b). Instead, it is now considering a plan to sell tickets at two prices. An unrestricted ticket (good for travel at any time on any day) would sell for $ 175. A discount ticket, good for reservations made in advance, would sell for $130. Management estimates that it can sell 35,000 tickets (25 per flight) at the unrestricted airfare of $175. All other data remain the same.
Ignoring the information in requirement (b), how many discounted tickets would WSM have to sell annually to earn an operating income of $3,700,000? Assume that the annual number of flights remains at 1,400 and that the discounted tickets would be evenly divided across the 1,400 flights.
Answers
The annual operating income that WSM can expect from this new service is $1686000.
How to calculate the income?Sales revenue = 40 × 1400 × $225 = $12600000
Less: Cost
Flight related = 1400 × $1600 = $2240000
Passengers related = 40 × 1400 × $4 = $224000
Advertisement = 20 × 60000 = $1200000
Operating income = $1686000
The annual operating income that WSM can expect from this new service is $1686000
b1. Sales revenue = 42 × 1400 × $225 = $13230000
Less: Cost
Flight related = 1400 × $1500 = $2100000
Passengers related = 42 × 1400 × $4 = $235200
Advertisement = 20 × 60000 = $1200000
Operating income = $9694800
b2. I'll not recommend the company to adopt internal slaves ticket because the operating income is less.
c. Let the number of discount tickets be x.
Operating income = 1,700,000
Total revenue = (35000 × 250) + (x × 150)
= 875000 + 150x
The total cost is 10690000 + 140000 + 4x
This will then be:
8750000 + 150x - 10690000 + 140000 + 4x = 1700000
x = 25890 tickets.
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Which of the following statements about cover letters is false?
a.
A cover letter gives an employer some insight into the applicant’s personality.
b.
A cover letter provides an employer with an sample of the applicant’s written communication skills.
c.
A cover letter is sent before a résumé so that the employer knows it is coming.
d.
A cover letter allows an applicant to go more in depth about their skills and abilities.
Answers
The false statement about cover letters is that: C. a cover letter is sent before a résumé so that the employer knows it is coming.
What is a cover letter?A cover letter can be defined as a type of letter that is attached as an introduction and it generally accompanies another document such as a résumé.
This ultimately implies that, the false statement about cover letters is saying it's sent before a résumé to an employer of labor, so he or she knows it is coming.
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Which of the following companies has the lowest degree of leverage?
Answers
The firm with a 20% Debt and 80% Equity has the lowest degree of leverage.
What is a degree of leverage?
This means how much a firm operating income changes in response to a change in sales.
Because the Firm C has a low debt, this means its has the lowest degree of leverage when compared to others.
Therefore, the Option C is correct.
Missing options "90% Debt, 10% Equity
30% Debt, 70% Equity
20% Debt, 80% Equity
50% Debt, 50% Equity"
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what is Foreign exchange risk ??
Answers
Answer:
oreign exchange risk is a financial risk that exists when a financial transaction is denominated in a currency other than the domestic currency of the company.
Foreign exchange risk refers to the losses that an international monetary transaction can also incur because of forex fluctuations. Forex chance also can have an effect on investors, who change in international markets, and groups engaged in the import/export of products or services to multiple nations.
Why is foreign exchange risk important?foreign exchange (FX) risk management is crucial for any agency it's doing worldwide commercial enterprise. The values of primary currencies continuously range towards each other, developing income uncertainty for your commercial enterprise. Many companies like to put off this uncertainty by way of locking in destiny exchange fees.
The trade-rate hazard may be the single biggest risk for holders of bonds that make hobby and primary bills in overseas foreign money. for instance, anticipate XYZ employer is a Canadian organization and pays hobby and important on a $1,000 bond with a 5% coupon in Canadian bucks.
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I uploaded the chart for the question
What is the amount of dividend paid in 2020?
a.
$163
b.
$231
c.
$187
d.
$248
0.5 points
QUESTION 3
What is the net income in 2021?
a.
$1,155
b.
$3,288
c.
$3,724
d.
$1,240
1 points
QUESTION 4
What is the total assets in 2020?
a.
$7,119
b.
$6,843
c.
$9,739
d.
$6,551
0.5 points
QUESTION 5
What is the owners' equity in 2021?
a.
$9,281
b.
$4,968
c.
$6,569
d.
$3,726
1 points
QUESTION 6
What is the cash flow from assets in 2021?
a.
$4,332
b.
$1,578
c.
$6,712
d.
-$2,380
1 points
QUESTION 7
What is the cash flow to creditors in 2021?
a.
$4,332
b.
$6,712
c.
$1,580
d.
-$2,380
1 points
QUESTION 8
What is the cash flow to stockholders in 2021?
a.
$6,712
b.
-$2
c.
$4,332
d.
-$2,380
0.5 points
QUESTION 9
M&M Foods' current ratio in 2021 is _____.
a.
6.77
b.
1.45
c.
3.31
d.
2.85
1 points
QUESTION 10
M&M Foods' quick ratio in 2021 is _____.
a.
2.68
b.
2.85
c.
5.33
d.
1.40
1 points
QUESTION 11
M&M Foods' day's sales in receivables in 2021 is _____.
a.
48 days
b.
57 days
c.
74 days
d.
66 days
1 points
QUESTION 12
M&M Foods' total asset turnover in 2021 is _____.
a.
0.72
b.
0.90
c.
2.03
d.
1.85
1 points
QUESTION 13
M&M Foods' day's sales in inventory in 2021 is _____.
a.
102 days
b.
159 days
c.
83 days
d.
135 days
1 points
QUESTION 14
M&M Foods' profit margin in 2021 is _____.
a.
38
b.
19
c.
0.19
d.
0.38
0.5 points
QUESTION 15
M&M Foods' return on assets in 2021 is _____.
a.
0.48
b.
48
c.
17
d.
0.17
1 points
QUESTION 16
M&M Foods' return on equity in 2021 is _____.
a.
0.25
b.
19
c.
25
d.
0.19
1 points
QUESTION 17
M&M Foods' total debt ratio in 2021 is _____.
a.
0.15
b.
0.30
c.
15
d.
30
0.5 points
QUESTION 18
M&M Foods' equity multiplier in 2021 is _____.
a.
1.43
b.
1.17%
c.
1.17
d.
1.43%
1 points
QUESTION 19
M&M Foods' times interest earned ratio in 2021 is _____.
a.
7.83%
b.
7.83
c.
0.13
d.
13
1 points
QUESTION 20
If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its PE ratio is _____.
a.
31%
b.
31
c.
20.16
d.
20.16%
1 points
QUESTION 21
If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its market-to-book ratio is _____.
a.
5.03
b.
4.12%
c.
4.12
d.
5.03%
1 points
QUESTION 22
M&M Foods' internal growth rate in 2021 is _____.
a.
0.16
b.
0.54
c.
0.25
d.
0.80
1 points
QUESTION 23
M&M Foods' sustainable growth rate in 2021 is _____.
a.
0.25
b.
0.54
c.
0.16
d.
0.80
Answers
Answer:
Explanation:
yes you are correct yes you are correct yes you re correct
Suppose that every additional four percentage points in the investment rate (I ÷ GDP) boost economic growth by one percentage point. Assume also that all investment must be financed with consumer saving. The economy is now assumed to be fully employed at
If the goal is to raise the economic growth rate by 1 percent,
a. By how much must investment increase? $ billion
b. By how much must consumption decline for this to occur?
Answers
For questions a, b
An additional $320 billion in spending is required.Reduced consumption of $320 billion is needed for this to occur.By how much must investment increase?Generally, the equation for the investment accounts is mathematically given as
x=($1tri / $8 tri) * 100
x= 12.5%
Now we know that the answer lies in the fact that the investment rate may be increased by 4% for every 1% rise in economic growth.
Therefore,
=($8 trillion * 0.165%)
=$1.32 trillion
The additional investment is 3.2% of GDP.
Therefore, an increase in investment of ($1320 - $1000) billion is needed to raise GDP growth by 1 percentage point.
This means an additional $320 billion in spending is required.
(b).
In conclusion, Since we were already aware that we would need to cut down on our spending in order to make this investment, we may conclude that:
Reduced consumption of $320 billion is needed for this to occur.
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After a robbery why should you move away from any place that a robber have been
Answers
Answer:
it is because they have the probability of returning back
Reputable credit counseling companies are almost always financed by which of the following? A. Bernie Madoff B. A large bank with many shareholders C. Third Party D. The United Nations
Answers
Reputable credit counseling companies are almost always financed by Third Party. Option C is the answer
What do Credit counseling companies do?Credit counselors provide individual with counsel especially people who wants to borrow money and how it can be effectively managed.
They provide services to consumers on how they can have effective Budget.
Third Party such as institutions, cooperative society, NGO have credit counselling companies.
Therefore, Reputable credit counseling companies are almost always financed by Third Party
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Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?
$136500
$172500
$88000
$52000
Answers
Vaughn's net income for the year 2022 is: c. $88,000.
Net incomeUsing this formula
Net income=Revenues - expenses
Where:
Revenues=$735,000
Expenses=$647,000
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c.
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NEED ASNWER ASAP
The margin of safety is a key concept of CVP analysis. Which of the following is not a correct description of margin of safety?
a. It is the amount of sales which may be reduced without resulting into a loss.
b. It is the difference between budgeted sales and break-even sales.
c. It may be expressed in terms of units or peso.
d. Its presence means that the company earns profit.
Answers
One thing that is not a correct description of margin of safety is that c. It may be expressed in terms of units or peso.
What is the margin of safety?This is found by deducting break-even sales from budgeted sales which means that it shows the number of sales that a company can forego and still earn profits.
This means that if this figure is positive, the company would earn profit as they would have beaten their breakeven point. It can be shown in units or currency.
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If you want to determine how much money you need to invest in a fund that pays 5% annually to get $1,000 in two years, what value are you trying to determine?
A. Net present value
B. Time value of money
C. Total cost of investment
D. Return on investment
Answers
Judith bought a new Coach purse for herself as a birthday present. She had never spent that much on a purse, but decided it was worth
can influence buying
it because she would look so chic when she used it. This demonstrates how a customer's perception of____ can influence buying
behavior.
Answers
The scenario demonstrates how a customer's perception of value can influence buying behavior.
What is a customer's perception of value?It is the set of conscious and unconscious criteria defined by a customer in relation to a brand. A customer's perception of value is related to the benefits they will have when consuming a specific brand, as in the case of the question, the Coach purse.
Therefore, creating value for customers is one of the main objectives of a company's marketing, as increasing brand equity generates competitive and economic advantages relevant to organizational success.
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What is globalization?
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale:
Explanation:
So its basically when businesses copy each others method and or skills
A rational firm operating in a perfectly competitive market has its demand and total cost function given below.
TR=20Q-30Q2
TC=50+25Q-40Q2
Required
1.calculate Average fixed cost function)
2.Average variable cost function
3.Marginal cost function
4.Profit maximizing level of output
5.Maximum Profit
how do i tackel this
Answers
The average fixed cost function will be 50/Q.
How to calculate the cost?From the information given,
TR = 20Q - 30Q²
TC = 50 + 25Q - 40Q²
The average fixed cost will be:
= Fixed cost/Quantity
= 50/Q
The average variable cost will be:
= VC/Q
= (25Q - 40Q²)/Q
= 25 - 40Q
The marginal cost function will be:
TC = 50 + 25Q - 40Q²
We'll differentiate it. This will be:
MC = 25 - 80Q
The profit maximizing level of output will be:
MR = MC
20 - 60Q = 25 - 80Q
-60Q + 80Q = 25 - 20
20Q = 5
Q = 5/20 = 0.25
The profit will be:
= TR - TC
= 20Q - 30Q² - (50 + 25Q - 40Q²)
= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)
= [5 - 1.875] - [50 + 6.25 - 2.5]
= 3.125 - 53.75
= -50.625
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It's ethics that makes law enforcement work, according to
Answers
It's ethics that makes law enforcement work, according to Code of Ethics.
What is Code of Ethics?The Code of Ethics serves as the preface that help the mission as well as the commitment of law enforcement agencies so that they will be able to do their work on the public efficiently.
In this case, It's ethics that makes law enforcement work, according to Code of Ethics.
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The Economy Tomorrow Suppose a country’s GDP is $10 billion and the population is 2 million this year.
a. Calculate GDP per capita for this year. $ 5000 (correct answer)
b. Calculate GDP per capita for next year if the population grows by 5 percent and there is no change in output. $
c. Calculate GDP per capita for next year if the population grows by 1 percent and output grows by 3 percent
Answers
GDP per capita for this year is $5000
GDP per capita for next year is $4760
GDP per capita for next year is $5100
What is the GDP per capita?GDP per capita is the gross domestic product of a country divided by the total population of that country.
GDP per capita = GDP / population
GDP per capita for this year = $10 billion / 2 million = $5000
GDP per capita for next year = $10 billion / ( 2 x 1.05) = $4760
GDP per capita for next year = (10 billion x 1.03) / ( 2 x 1.01) = $5100
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Research and then discuss the two types of equity found on the balance sheet that contribute to total stockholder’s equity for the corporation. With respect to rewarding stockholder investment, which of these components of equity is most important? Explain why?
Answers
The equity on the balance sheet that contribute to total stockholder’s equity for the corporation are:
stockholders' equityowner's equityWhat is a total stockholder’s equity?The total stockholders' equity means the total value of assets that remains in a business after all the total liabilities have been settled.
However, the stockholders' equity is the most important for rewarding stockholder investment because it is the basis at which a dividend for the stockholder will be calculated.
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1. Describe the three-step writing process.
2. List four techniques you can use to improve the readability of your messages.
Answers
1. The three-step writing process can be defined as:
Pre-writingDraftingFinal reviewIn pre-writing, the objective is to prepare for your writing, through research and information gathering. In the drafting phase you will build your text in a structured way and in the review phase you will carry out an analytical reading and make corrections if necessary.
2. Four techniques you can use to improve the readability of your messages are:
Add headings and subheadingsUse short words and objective sentencesKeep paragraphs shortUse bullets and listsHow to write a text effectively?It is essential to pay attention to the textual structure and its main objective, aligning ideas in a simple and objective way, so that the reader can understand the purpose of the text. It is also essential to use reliable sources in the construction of the text, generating greater reliability.
Therefore, good writing is built through research, analysis and dedication, with ideals structured around a topic.
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Managerial economics can be applied to the non-profit organizations too. Justify this statement?
Answers
Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.
Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
What is Managerial economics?Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.
With Managerial economics , one can carry out:
planning directing organizingIn this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
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Only a few companies in the world offer consumers the opportunity to buy a mega-yacht - a privately owned luxury yacht that has its own personal crew. Which of the following segmentation criteria would you expect these companies to employ? Select one: A. Identifiable B. Respond differently C. Sizeable D. Stable
Answers
The segmentation criteria that the companies would most likely employ to sell the luxury yachts would be A. Identifiable.
Which criteria would be best?The identifiable criteria would be best because it would allow the company to carefully select their customers.
They would then be able to select only customers that have the ability to purchase such an expensive good.
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You notice your voices have risen as the conflict has escalated. You lower your voice and attempt to answer moderately. "Do you mean to pressure me into a title of your choosing, Julia?" you ask.
"I don't care what you call it," she retorts.
What should you do?
Ask Julia to sit down with you later to discuss all that she has been doing for the organization. Suggest she gather facts and information to support what she tells you.
Walk over and close the door. You don't want to add a public nature to the conversation that might make Julia feel ashamed, and you don't want everyone in the office to know your business.
Acknowledge to Julia that she has been important to the organization from the start and that you value your relationship. Let her know you will always value the relationship.
Walk over to Julia and give her a hug. After all, business is about relationships, and you and Julia actually started with a relationship in college long before the business.
Answers
The best is to ask Julia to sit down and discuss with her the issue by asking her to support her ideas (first option).
What is this conflict about?In this situation, you are having an argument with an employee or colleague and this argumentseems to have got out of control.
What should you do?Instead of continuing arguing, calm down and ask Julia to do the same. Then sit down with Julia, acknowledge her contribution to the company but ask her to better support her ideas.
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The eight types of waste include all of the following except:
Answers
The eight types of waste in lean manufacturing include all of the following except verifying and checking.
How to illustrate the information?Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.
It should be noted that the types of waste include :
Transport.Inventory.Motion.Waiting.Overproduction.Overprocessing.Defects.Unutilized talent.Therefore, verifying and checking isn't an option.
Complete question:
The eight types of waste in lean manufacturing include all of the following except:
Transport and Inventory.
Motion and Waiting.
Overproduction and Overprocessing.
Defects and Unutilized talent.
Verifying and Checking.
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What does medical coverage on an auto insurance policy cover?
OA. The costs of compensating someone else injured in an accident
you caused
OB. The medical and car repair bills for anyone else involved in an
accident you caused
OC. The repair of damage caused to your car when you caused the
accident
O D. Medical bills for yourself and anyone else in your car in case of an
accident
Answers
Medical coverage on an auto insurance policy covers Medical bills for yourself and anyone else in your car in case of an accident
WHAT IS MEDICAL COVERAGEMedical coverage is a type of insurance that protects the occupants in a car against medical bills should accidents occure irrespective of who caused it.
Medical coverage of an auto insurance ensures that medical expenses are covered in cases of an accident.
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What could it indicate if your startup has no competition performing similar businesses?
Answers
Requirement 1. Record the transactions in the general journal
Oct 2: Issued 19,000 shares of common stock for a building with a market value of $240,000
Accounts and Explanation
Date
Oct. 2
Debit
Credit
Answers
Cash is debit amount is, 84000. Preferred stock-$50 par value is credit, 30000. Paid in capital in excess of par-preferred is credit, 54000.
What is market value?
Market value is the amount an asset would sell for on the open market, or the estimation of an equity or company's worth by the financial community.
Date Accounts title & explanation Debit Credit
cash (600×140) 84000
Preferred stock-$50 par value, 30000
Paid in capital in excess of par-preferred, 54000
Hence, the significance of the market value is aforementioned.
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What is the most accepted time frame associated with the MOV SEP code?
Answers
The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.
What is an inference?An inference is the conclusion that can be deduced based on an information.
In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.
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when a price of egg rises from $40 to $50 per unit in quantity supplied by a particular firm per week increase from 400 to 600 units. calculate the coefficient of price elasticity of supply and interpret the result
Answers
Unit 3 Assignment: Top 5 Business Writing Tips
Attached Files:
File Unit 3 Assignment.pdf Unit 3 Assignment.pdf - Alternative Formats (136.795 KB)
File Blog Example.pdf Blog Example.pdf - Alternative Formats (52.202 KB)
In business, composing a message requires following a few key steps. The writer must adapt to his or her audience, choose powerful words, selecting the right medium and proofreading. In this assignment, you are going to practice using a blog as a medium for delivering your message.
An example of a blog is attached. See the Readings and Resources section for an example of a vlog.
See the attached document for complete instructions and grading rubric.
Submit your completed assignment to the above submission link by 11:59 p.m. EST, Sunday of Unit 3.
Answers
The top five business writing tips include:
Write the objective of the message.Consider your audience.Get the right tone.Always check for spelling and grammar mistakes.Proofread.How to illustrate the information?It should be noted that having a clear and meaningful written communication is vital to the success of an organization against its competitors.
The five business writing tips include:
Objective of the message: One should plan the purpose or the key objective of the message. It's important to effectively draft the objective for the audience to understand.
Consider your audience: It is important that the message should be drafted in a way that appeals to the audience.
Get the right tone: It should be noted that the tone is the language that is used for communication. Communication to clients should formally written.
Always check for spelling and grammar mistakes: It should be noted that grammar mistakes can be a huge turnoff, therefore it's important to check them.
Proofread: At the end, it's important to proofread you're message in order to look out for mistakes.
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As Fowling's attorney, you should aim to get her the best possible deal in this contract negotiation. To do this, you should focus on getting her a higher percentage of the film's budget, a higher minimum guarantee, and a longer option period. You should also try to get her a higher percentage of gross profits and a bestseller bonus based on the New York Times children's and fiction lists.
In terms of the purchase price, you should aim for 3% of the film's budget, with a minimum guarantee of 2.5%. This will give Fowling a good amount of money regardless of how the film does. If the film is a huge success, she will still be compensated well. However, if the film does not do as well as hoped, she will still receive a minimum guarantee that is fair.
In terms of the option period, you should aim for a 6 month option, with the possibility of two 3-month extensions. This will give the studio enough time to get the film made without delaying too long. You should also try to get Fowling a per-week bestseller bonus, which will compensate her for every week her book remains on the New York Times children's or fiction list.
In terms of creative control, you should aim for Fowling to be a consultant and producer on the film, with final approval on casting and the script. This will give her some control over how the film is made, while still allowing the studio to make the final decisions.
Overall, you should try to get Fowling the best possible deal in this contract negotiation. By doing so, you will ensure that she is fairly compensated for her work and that the film is made in a way that she is happy with.
Answers
The given scenario shows the contract negotiation between Fowling's attorney and a movie company and he is negotiating the best possible terms for his client.
What is Contract Negotiation?This refers to the process where two or more entities come together to discuss the terms of a legally binding contractual agreement.
Hence, we can see that the client, Fowler is negotiating with a movie company about the payment she would receive and Fowler hired an attorney to give her a fair deal that shows her worth, and even if the film is not a success, she would still be fairly compensated.
Read more about contract negotiations here:
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