If economists discover that factories operated at 80% capacity in 2006, 70% in 2007, and 60% in 2008, the aggregate demand will move to the left if this knowledge is made accessible to the general public.
The aggregate demand curve frequently shifts to the left when total consumer spending decreases. Consumers may spend less as a result of rising living costs or increased taxes.
The equilibrium production quantity and price level will decrease if the aggregate demand curve changes to the left. Where the AD curve meets the AS curve determines whether equilibrium output varies comparatively more than the price level or if the price level changes relatively more than output.
To learn more about aggregate demand
https://brainly.com/question/29349235
#SPJ4
cheyenne corporation makes a commercial-grade cooking griddle. the following information is available for cheyenne corporation's anticipated annual volume of 29,700 units.
Per Unit Total
Direct materials $16 Direct labor $6 Variable manufacturing overhead $15 Fixed manufacturing overhead $523,200
Variable selling and administrative expenses $4 Fixed selling and administrative expenses $228,900
The company uses a 39% markup percentage on total cost.
Compute the total cost per unit. Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)
Cheyenne corporation makes a commercial-grade cooking griddle. the following information is available for Cheyenne corporation's anticipated annual volume of 29,700 units.
Average home furnishings may have cheaper and trendier designs. However, commercial-quality furniture is generally more durable, better quality, sustainable and safer. However, not all home and commercial furniture are created equal.
Commercial products are designed with the target user in mind. Manufacturers know these products will be used in hotels and other establishments where guest experience and comfort are paramount. Therefore, they design products with guest-facing features such as: B. Smart technology or lighter weight.
The industrial-grade product has an extended temperature range from -45°C to 90°C as standard. Additionally, screen tests can be performed at much higher and lower temperature. Commercially available products are usually only rated for 0°C to 70°C, or often unrated.
Learn more about Commercial products https://brainly.com/question/25528419
#SPJ4
FILL IN THE BLANK. contingencies related to___in the critical risks and assumptions segment of the business plan discusses either sales that are too low or sales that are too high
The complete sentence is - "Contingencies related to Unreliable sale forecasts in the critical risks and assumptions segment of the business plan discusses either sales that are too low or sales that are too high"
What is a contingency plan?A contingency plan is a comprehensive strategy that defines the course of action or procedures that an organization's management and personnel must follow in reaction to a potential catastrophe. It is critical for business continuity, risk management, and catastrophe recovery.
It assists you in remaining prepared for unanticipated situations and minimizing their impact. It also includes a strategy for continuing normal corporate activities following the disaster. Plan B, backup plan, and disaster recovery plan are some other names for it. If an individual's primary strategy fails, it's time to implement plan B.
Without a backup plan, you expose yourself to unnecessary dangers. Here are some significant advantages of having a contingency plan. Having a contingency plan in place helps to limit the damage caused by a disaster and the loss of productivity.
Learn more about contingency plan here:
https://brainly.com/question/939242
#SPJ1
Television viewers are passive viewers of ads whereas Internet users take an active role in choosing what to look at—so customers on the Internet are tougher for marketers to reach.”
The statement is generally true. Television viewers are often passive because they are not in control of the content they see. They are exposed to advertisements whether they want to be or not, and they may not even be paying attention to the ads that are shown.
On the other hand, Internet users have more control over the content they see. They can choose what websites to visit, what videos to watch, and what ads to see. This means that marketers have to work harder to reach Internet users and to get their attention. It can be more difficult to get Internet users to pay attention to advertisements because they are actively making choices about what to see and what to ignore.
Overall, television viewers are generally considered to be easier to reach with advertisements because they are passive viewers, while Internet users are considered to be tougher to reach because they are active users who have more control over the content they see.
FILL IN THE BLANK. Supplier-Buyer transactions between corporations carried out over Internet connections are examples of _____ transactions
Supplier-Buyer transactions between corporations carried out over Internet connections are examples of Business-to-business transactions
What is Business-to-business?Business-to-business transactions involve exchanges between companies, such as those between a manufacturer and wholesaler or a wholesaler and a Supplier-Buyer. In contrast to doing business with a single consumer, business-to-business refers to transactions between businesses.The terms "business-to-business" and "business-to-government" refer to different types of transactions. In a normal supply chain, business-to-business interactions are frequent as companies buy products and components, like other raw materials, to be used in manufacturing operations.After that, finished goods can be sold in Supplier-Buyer to consumer transactions to private individuals.Business-to-business refers to communication strategies that enable staff members from various organisations to get in touch with one another, such as social media.When workers from two or more organisations communicate in this mannerTo learn more about Business-to-business from the given link
https://brainly.com/question/15506646
#SPJ1
identify the core values of quality management that are emphasized by the iso 9000 certification. (check all that apply.)
The ISO 9000 certification emphasizes quality management that is client-oriented and places a lot of attention on defining, meeting, and achieving customer satisfaction.
ISO 9000 is a set of international standards on quality management and quality assurance that were created to assist businesses in efficiently documenting the components of their quality systems in order to maintain an effective quality system.
Internationally acclaimed quality assurance and management standards are contained in the ISO 9000 series. It was created by the International Organization for Standardization with the intention of promoting the creation of products and services that satisfy standards of quality that are recognized around the world.
Read more about 9000 certification at
https://brainly.com/question/28238840
#SPJ4
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as follows:
Month Sales
October 10,000
November 14,000
December 13,000
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps.
How many lamps should be produced in October?
a. 9,500 lamps
b. 10,000 lamps
c. 14,000 lamps
d. 10,500 lamps
Budgeted for ending completed products inventory is 25% of sales for the next month. Asian Lamp anticipates charging $25 for each lamp. 16,000 lights are expected to be sold in January. In October, 10500 lights should be manufactured. Here option D is the correct answer.
The sales estimate and the anticipated amount of completed goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made.
The following formula is used in the production budget to estimate how many units will be produced during a certain period:
Production budget = Budgeted sales units - Opening completed goods stock + closing finished goods stock.
Budgeted Production for October:
Budgeted Sales units for Oct 10000
Add: Desired ending inventory units 3500
Total requirement 13500
Less: Desired Beginning Inventory 3000
The budgeted Production unit in October 10500
To learn more about budgeted production
https://brainly.com/question/29839485
#SPJ4
g interpretation in order to be successful in the global economy, you must be comfortable with cultural diversity. this requires a global mind-set that is receptive to and respectful of cultural differences, global knowledge that includes the continuing quest to know and learn more about other nations and cultures, and global work skills that allow you to work effectively across cultures.
The global economy system, which includes all economic activities carried out both within and between nations, including production, consumption, economic management, work in general,
exchange of financial values, and trade of goods and services, is referred to as the global economy or global economy. [1][2] In some instances, the two phrases are distinct, with the "international" or "global economy" being measured independently of national economies, whereas the "world economy" is merely an amalgamation of the measurements from the various countries. Beyond the minimal requirement for value in production, consumption, and exchange, there are many different definitions, representations, models, and assessments of the global economy. It is inextricably linked to Earth's topography and ecosystem.
learn more about global economy here:
https://brainly.com/question/1311866
#SPJ4
TRUE/FALSE. A confounder may make the association between an exposure variable and an outcome variable appear more or less significant than it truly is.
A confounder could fudge the significance of the relationship between an exposure variable and an outcome variable. It is real.
Confounders are elements that obscure the connection between the trial medicine and the result. Adjunctive medication or treatments like psychotherapy may be allowed in some trials. These are confounders because the outcomes can be due to the adjuncts rather than the medicine under investigation. For instance, studies of painkillers frequently disregard participants' usage of non-drug painkillers including splints, lotions, massage, hot baths, and adjustments by chiropractors. The experiment's outcomes may be considerably impacted by how participants respond to these additional trial treatments.
Common confounders include participant characteristics including body mass index, smoking status, age at illness onset, socioeconomic status, educational attainment, and size of support network.
Learn more about confounder here
https://brainly.com/question/21289510
#SPJ4
bonds today with a par value of $1000 and a current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond. answer the following question based on the above information. the selling price for the bond, one year from now, is: $753.36 $768.00 $935.77 $117.85
current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond
The selling price for the bond, one year from now, is $753.36.
The selling price (or market value) of the bond is equal to the present value of the future contractual cash payments that the bond owner will receive.
STEP 1: Calculating the bond's coupon payment/coupon rate
The fact that-
Face value is 1,000; the going rate is 768.
Time to maturity is 5 years, and the yield to maturity is 12%.
Therefore, using the PMT function in Excel, a coupon payment is made annually.
Formula: PMT = (Yield, time, present value, face value, 0)
PMT(0.10,5,-768,1000,0) = 38.80
So, the annual coupon payment is 38.80.
STEP 2: Determine the bond's selling price in a year.
Left till maturity: 4 years
Yield = 12%
Payment with coupons: 38.80
1 000 in face value
Bond selling price therefore equals using Excel's PV tool.
PV(Yield, time, coupon, face value, 0) (Yield, time, coupon, face value, 0)
PV(0.12, 4, 38.80,1000,0) = 753.36
In other words, the bond will be sold for $753.36 a year from now.
Learn more about selling price here:
https://brainly.com/question/28017453
#SPJ4
identify the first closing entry: multiple choice question. close income summary account to the owner's capital account close expense accounts to the income summary account close the drawing account to the owner's capital account close revenue accounts to the income summary account
At the conclusion of the accounting period, a closure entry is written in the journal where data are transferred from temporary accounts to permanent accounts.
What is the opening statement?All revenue accounts are transferred to the income summary after first recording a closing entry. A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures.
What is the point of the first and last entry in the journal?A closing entry is made to transfer funds from a temporary account to a permanent account at the end of an accounting period. Companies use closure entries to reset temporary accounts, which show balances for a particular accounting period, to zero.
To know more about accounts visit:-
https://brainly.com/question/29108212
#SPJ4
A(n) _________inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise. (Enter only one word.)
Perpetual inventory system adjusts for each change caused by a purchase, a sale, or a return of merchandise.
A computerized point-of-sale system that continuously records inventory changes in real time, known as perpetual inventory, eliminates the need for manual inventory inspections. It properly reflects the quantity of goods on hand and offers a very detailed view of changes in inventory along with immediate reporting of the amount of inventory in stock.
With this approach, a business makes no effort to maintain thorough records of the products it has on hand; instead, purchases are noted as debits to the inventory database. In actuality, aspects like direct labor and material expenses and direct factory overhead costs are included in the cost of goods sold.
A periodic inventory system, by which a business keeps track of its inventory by routine physical counts, is set apart from a perpetual inventory system.
To know more about perpetual inventory:
https://brainly.com/question/29376941
#SPJ4
which of the following is an example of purchasing an asset in order to receive a stream of future payments?
The example of purchasing an asset in order to receive a stream of future payments are An investor buys a house for $250,000 and expects to rent it out for $2,000 per month, indefinitely. And also an investor buys a house for $250,000 and receives an annual payment of $400,000 for making it available for film sets.
An investor is any person or other entity (such as a company or mutual fund) that provides capital with the expectation of receiving a financial return. Investors rely on different financial instruments to earn returns and achieve important financial goals such as building retirement savings, funding college education, or simply amassing additional wealth over time.
A wide variety of investment vehicles exist to achieve this goal, including stocks, bonds, commodities, mutual funds, exchange traded funds (ETFs), options, futures, foreign exchange, gold, silver, retirement plans, real estate, and many more. Investors can analyze opportunities from many angles, and generally prefer to minimize risk while maximizing returns.
An investor is usually different from a trader. An investor puts capital to use for long-term gains, while a trader seeks to make short-term profits by repeatedly buying and selling securities.
The complete question is:
Which of the following is an example of purchasing an asset in order to receive a stream of future payment?
An investor purchases a home for $300,000 and expects to sell for $360, 000 in one year, earning a future payment of $60,000.An investor purchases a home for $300,000 and expects to rent it out for $3,000 per month, indefinitely An investor purchases a home for $300,000 and receives annual payment of $500,000 for making it available for movie setsYou can learn more about investor here brainly.com/question/14283683
#SPJ4
to recognize the disposal value of normal spoilage, . question 16 options: manufacturing overhead control account is credited with spoiled goods at current net disposal value. work-in-process control account is debited with spoiled goods at current net disposal value. manufacturing overhead control account is debited with spoiled goods at current net disposal value. materials control account is debited with spoiled goods at current net disposal value.
To recognize the disposal value of normal spoilage is Materials Control account is debited with spoiled goods at the current net disposal value.
Various factors purpose meals spoilage, making objects mistaken for consumption. light, oxygen, heat, humidity, temperature, and spoilage bacteria can all affect each safety and best of perishable foods. whilst difficulty to those elements, ingredients will gradually go to pot.
This refers to damage to meals and pharmaceutical products that are due to microorganisms (microorganisms, molds, and yeasts). Microorganisms can develop in nearly all sorts of food merchandise. As microorganisms arise everywhere around us, there may be constantly a hazard of microbial spoilage.
Learn more about spoilage here https://brainly.com/question/13538738
#SPJ4
which of the following is not a type of trade restriction? group of answer choices nigeria protecting chicken growers by banning chicken imports foreign producers transferring their technological know-how to a chinese partner to gain access to chinese markets purity laws in germany barring many non-german beers european countries prohibiting imports of beef from hormone-fed cattle allowing sugar imports from mexico
Nigeria protecting chicken growers by banning chicken imports is not a type of trade restriction.
The maximum common barrier to exchange is a tariff–a tax on imports. tariffs raise the charge of imported goods relative to home goods (accurately produced at domestic). another common barrier to trade is a central authority subsidy to a specific home industry.
Trade obstacles are authorities-caused regulations on global exchange. in keeping with the theory of comparative advantage, exchange boundaries are damaging to the arena financial system and decrease typical financial performance.
Learn more about trade restriction here:https://brainly.com/question/20113741
#SPJ4
describe, in one paragraph, how bringing this product to the marketplace can help support and build the chocolate bliss brand, based on the course project scenario. explain how offering your chosen product is in alignment with the brand and how bringing the product to the marketplace will help the company promote public awareness of their brand.
The product, which is presented as a bar of chocolate, can be successfully promoted in the market since, as we all know, people are becoming more health conscious and are all trying to maintain a healthy lifestyle. Most individuals can't help but enjoy chocolate.
What is promotion?
Promotion in marketing is any sort of marketing communication that aims to persuade target audiences of the relative qualities of a given good, service, idea, or brand. It aids marketers in establishing a memorable spot in clients' minds. This place can be either cognitive or emotional. Promoting a product or service is intended to raise brand awareness, spark interest, enhance sales, or foster brand loyalty. One of the fundamental components of the market mix, which also consists of the four Ps (product, pricing, location, and promotion), is this. One of the components of the promotional mix or promotional plan is promotion.
To know more about promoted check out:
https://brainly.com/question/11131986
#SPJ1
marigold corp required production for june is 122000 units. to make one unit of finished prodcut, three pounds of direct material z are required. actual beginning and desired end inventories of direct material Z are 300,000 and 330,000 pounds, respectively. How many pounds of direct material Z must be purchased?
396,000 pounds of direct material Z must be purchased.
Giving the accompanying data:
Raw materials production needs 122000
Desired Ending Inventory 330,000
Beginning Inventory 300,000
To make one unit of a completed item, three pounds of direct material Z are required.
To ascertain the acquisition of direct material, we want to utilize the accompanying recipe:
Purchases= production + desired to end inventory - beginning inventory
Purchases= 122000*3 + 330,000 - 300,000
Purchases= 396,000 pounds
Hence , 396,000 pounds direct materials are purchased.
Learn more about computation direct material:
https://brainly.com/question/17191442
#SPJ4
blue mountain art supply has adopted a new workflow for its office to improve efficiency. this is an example of a blankorganization development intervention
Blue mountain art supply has adopted a new workflow for its office to improve efficiency. This is an example of a blank organization development intervention is a techno-structural
Techno-structural interventions can be defined as a focus on structural and technology.In this case the employee engagement, work redesign, and organizational design. In the human resource management have an impact on things like talent development, DEIB, and workplace wellbeing.Interventions focusing on technology and structure with an emphasis on enhancing organizational effectiveness and human performance.
To know more about Techno Structure here
https://brainly.com/question/28030570
#SPJ4
in 2013 the u.n. general assembly adopted a resolution affirming that the rights held by people offline must also be protected online, calling for its member nations to respect the right to privacy in digital communication. which of the following statements applies to the real-life impact of this resolution?
The concept talked over is the Right to Privacy in digital communication. The statements that apply to this resolution include, that druggies should be apprehensive that digital sequestration isn't recognized by numerous on the Internet.
Fairly, the right to privacy is an introductory law that includes the right of persons to be free from unwarranted hype. Unwarranted appropriation of one's personality. Publicizing one's private affairs without a licit public concern.
In the environment of digital privacy, communication privacy is the notion that individuals should have the freedom, or right, to communicate information digitally with the anticipation that their dispatches are secure — meaning that dispatches and dispatches will only be accessible to the sender's original intent.
Information privacy is pivotal to the broader right to privacy. It relates to an existent's capability to determine for themselves when, how, and for what purpose their particular information is handled by others. Guarding privacy is crucial to icing mortal quality, safety, and tone-determination
To know more about the Right to Privacy,
brainly.com/question/16309407
#SPJ4
a company began january with 4,000 units of its principal product. the cost of each unit is $8. inventory transactions for the month of january are as follows: date of purchase purchases units unit cost* total cost january 10 3,000 $ 9 $ 27,000 january 18 4,000 10 40,000 totals 7,000 $ 67,000 * includes purchase price and cost of freight. sales date of sale units january 5 2,000 january 12 1,000 january 20 3,000 total 6,000 5,000 units were on hand at the end of the month.
Closing inventory costs at $46500 which has 5000 units. Thus, average cost is $9.3.
It is given that the beginning inventory is of $32000 i.e. units of 4000 and cost is $8. thus, 4000*8
There has been sale on jan 5 of 2000 units.
Thus, remaining inventory = 4000 - 2000 = 2000 units * $8 = $16000
Purchase on 10January of 3000 units at $9 = $27000
Thus, remaining inventory = $16000 + 27000 = 43000 and 5000 units. Thus, cost per unit = 43000/5000 = $8.6
sale on 12jan = 1000 units = $8.6 * 1000 = $8600
Thus, remaining inventory = 4000 units (5000-1000) at $34400 (43000-8600)
Purchase on Jan 18 = 4000 units at 10 = $40000
Remaining inventory = 8000 units of $74400. Thus, avg cost = $9.3
Sale on Jan 20 = 3000 units at $9.3 = $27900
Thus, remaining inventory = 5000 units of $46500.
To know more about Closing inventory
https://brainly.com/question/18913609
#SPJ4
the two primary responsibilities of the national labor relations board are to conduct and certify the election of union representation and to .
The conduct and certification of union representation elections, as well as the prevention and redress of unfair labor practices by unions and employers in the private sector, are the two main duties of the National Labor Relations Board.
A group of experts work together as the National Labor Relations Board (NLRB) to guarantee democratic workplaces and fair labor practices across the country.
The National Labor Relations Board is a freestanding federal agency with the authority to protect employees' rights to form unions and to decide whether to have them serve as their negotiating representatives. The agency also works to stop and correct unfair labor practices by unions and employers in the private sector.
Visit here to learn more about NLRB: https://brainly.com/question/14869133
#SPJ4
Portions of the financial statements for Myriad Products are provided below.
MYRIAD PRODUCTS COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in millions)
Sales $ 720 Cost of goods sold 252 Gross margin 468 Salaries expense $ 105 Depreciation expense 80 Patent amortization expense 5 Interest expense 20 Loss on sale of land 4 214 Income before taxes 254 Income tax expense 127 Net Income $ 127 MYRIAD PRODUCTS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
Year 2018 2017 Change
Cash $ 120 $ 112 $ 8 Accounts receivable 232 250 (18 )
Inventory 446 462 (16 )
Accounts payable 170 158 12 Salaries payable 86 98 (12 )
Interest payable 43 32 11 Income taxes payable 33 22 11 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Net Cash flow from Operating activities $290
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $145
Adjustment made:
Add: Depreciation expense $98
Add: Loss on sale of land $4
Add: Amortization expense $5
Less: Increase in cash balance -$8 ($138 - $130)
Add: Decrease in accounts receivable $16 ($261 - $277)
Add: Decrease in inventory $15 ($465 - $480)
Add: Increase in accounts payable $9 ($203 - $194)
Less: Decrease in salaries payable -$9 ($107 - $116)
Add: Increase in interest payable $7 ($57 - $50)
Add: Increase in income tax payable $8 ($48 - $40)
Total of Adjustments $145
Net Cash flow from Operating activities $290
There are three cash flow types that organizations should music and analyze to decide the liquidity and solvency of the business: cash flow from working sports, coins go with the flow from making investment sports, and cash go with the flow from financing sports. All 3 are covered on an organization's cash glide assertion.
Coins float is vital as it enables you to satisfy your existing financial obligations in addition to planning for the future. but, coins drift is a common mission amongst small businesses.
Learn more about Cash flow here https://brainly.com/question/735261
#SPJ4
The Probate Process Which of the following does the probate process assume? Check all that apply.
O Creditors are satisfied. O The will is burnt. O Money owed to the decedent is collected, O A testator is appointed
The probate process assumes the following:
O Creditors are satisfied: During the probate process, creditors who are owed money by the deceased are paid off in order of priority. O The will is not burnt: The will is usually filed with the probate court and is used to determine the distribution of the deceased's assets.
O Money owed to the decedent is collected: During the process of probate, any money owed to the deceased is collected and added to the estate.
O A testator has been appointed: The testator is the person appointed by the probate court to manage the deceased's estate. The testator is responsible for ensuring that the deceased's assets are distributed according to their wishes as stated in the will.
For more questions like Probate click the link below:
https://brainly.com/question/26778345
#SPJ4
prepare the workpaper entries necessary on december 31, 2013 to allocate and depreciate the difference between book value and the value implied by the purchase price
An asset's book value is its initial purchase price less any future alterations, such as impairment or depreciation.
What exactly does "book value" mean?
Book Value The term "book value" refers to a company's value as it appears on its financial statements and is taken from its books or accounts. Theoretically, it represents the proceeds that investors would receive if they sold all of the company's assets in order to settle all of its debts and liabilities.
A good book value is what?
For value investors, historically, any figure below 1.0 is a good P/B, indicating a possibly undervalued stock. Value investors, however, frequently use equities with a P/B value below 3.0 as their benchmark.
To know more about book value visit:
https://brainly.com/question/20436978
#SPJ4
FILL IN THE BLANK. in the texas republican party, free-market libertarian republicans call some pro-business efforts___, claiming they are inconsistent with true capitalism.
In the Texas republican party, free-market libertarian republicans call some pro-business efforts crony capitalism, claiming they are inconsistent with true capitalism.
The Texan Republican Party is one of the oldest-formed parties in the state of Texas. It consists of many free-market libertarians that do not believe in reserved market laws.
The concept of crony capitalism was brought forward by the Texas Republican Party when they were against the capitalist policies that were made in the United States. They claimed that the pro-business efforts or strategies that were implemented by the new businesses were not true capitalism, but rather were crony capitalism.
To learn more about capitalism, click here:
https://brainly.com/question/25879591
#SPJ4
gerald cooksie owns a restaurant in panama beach, florida. he has arranged a business loan with the bank where he has his business account. the terms of the loan allow him to borrow up to $13,500 within the next year if the bank has funds available to lend; he must pay interest only on the unpaid loan balance. cooksie has arranged
Answer: a line of credit must be established
Explanation:
income statement data for winthrop company for two recent years ended december 31 are as follows: line item description current year previous year sales $2,240,000 $2,000,000 cost of goods sold (1,925,000) (1,750,000) gross profit $315,000 $250,000 selling expenses $(152,500) $(125,000) administrative expenses (118,000) (100,000) total operating expenses $(270,500) $(225,000) income before income tax expense $44,500 $25,000 income tax expense (17,800) (10,000) net income $26,700 $15,000 question content area a. prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. if required, round your answers to one decimal place. winthrop company comparative income statement for the years ended december 31 line item description current year amount previous year amount increase (decrease) amount increase (decrease) percent sales $2,240,000 $2,000,000 $sales sales % cost of goods sold (1,925,000) (1,750,000) cost of goods sold cost of goods sold % gross profit $315,000 $250,000 $gross profit gross profit % selling expenses $(152,500) $(125,000) selling expenses selling expenses % administrative expenses (118,000) (100,000) administrative expenses administrative expenses % total operating expenses $(270,500) $(225,000) $total operating expenses total operating expenses % income before income tax expense $44,500 $25,000 $income before income tax expense income before income tax expense % income tax expense (17,800) (10,000) income tax expense income tax expense % net income $26,700 $15,000 $net income net income % question content area b. the net income for winthrop company increased between years. this increase was the combined result of an fill in the blank 1 of 5 in sales and a fill in the blank 2 of 5 percentage fill in the blank 3 of 5 in cost of goods sold. the cost of goods sold increased at a fill in the blank 4 of 5 rate than the increase in sales, thus causing the percentage increase in gross profit to be fill in the blank 5 of 5 than the percentage increase in sales.
A WINTHROP COMPANY Comparative Income Statement For the Years Ended December 31 Current year Previous year Amount change Percentage change Sales $2,240,000 $2,000,000 $240,000 12.00% Cost.
Comparative Income Statement: What Is It?In the Comparative Income Statement report, income and expenses are compared and summarized for two or more different time periods. This report can be used to evaluate your company's success in relation to prior years. You may gauge the development of your business and create future estimates using this comparison.
How should a comparative income statement be written?The format of a comparative income statement is not conventional. Listing the accounts in the left column makes creating a comparative income statement the simplest task possible. Then, make columns for every accounting period, starting with the most recent one on the far left. Look at each comparative income statement sample.
To Know more about development
https://brainly.com/question/28011228
#SPJ4
Radar Company sells bikes for $480 each. The company currently sells 4,050 bikes per year and could make as many as 4,380 bikes per year. The bikes cost $240 each to make: $155 in variable costs per bike and $85 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 330 bikes for $450 each. Incremental fixed costs to make this order are $48,000. No other costs will change if this order is accepted. Compute Radar's additional income (Ignore taxes) If it accepts this order. Incremental incremental Amount per Fixed Unit Costs Incremental Income from Now Business Contribution margin Incremental income (loss) from new business The company should
The new order will have a total cost of $46,000 in offized expenses and an additional $160 in variable costs for each of the 370 bikes. The correct response is A. 10 bike.
The extra production cost is calculated as follows as C=$46, 000 + 370 * $160 C = $105, 200 If the price of each bike is $460, the extra revenue (before taxes) from accepting this order is equal to: I= (price * units) - cost I= ($460 * 370) - $105, 200 I=$65, 000. The additional $65,000 goes to Radar.
When the cost of sales is subtracted from sales, the difference, or $147,200 - $105,600, results in an additional revenue of $41,600. The variable cost per bike as well as the additional fixed expenditures ($48,000) associated with placing this purchase are included in the cost of sales.
The business must weigh all variable expenses, including the added fixed expenditures, before deciding whether to accept an order or not. The ensuing extra income is what can be used to cover the fixed expenses.
complete question:
Radar Company sells bikes for $480 each. The company currently sells 4,050 bikes per year and could make as many as 4,380 bikes per year. The bikes cost $240 each to make: $155 in variable costs per bike and $85 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 330 bikes for $450 each. Incremental fixed costs to make this order are $48,000. No other costs will change if this order is accepted. Compute Radar's additional income (Ignore taxes) If it accepts this order. Incremental incremental Amount per Fixed Unit Costs Incremental Income from Now Business Contribution margin Incremental income (loss) from new business The company should.
A. 10 bikes
B. 11 bikes
C. 12 bikes
D. 13 bikes
To know more about additional income visit:
https://brainly.com/question/16527320
#SPJ4
Define each term and explain the distinction between: Full sustainable capacity (potential) GDP and Actual GDP
The level of output that a country's economy is capable of producing with a constant inflation rate is known as potential GDP. The value of all commodities and services that a country's economy produces in a certain year is reflected in its actual GDP.
How do Actual and Real GDPs differ from one another?The output gap is the disparity between actual GDP and potential GDP. When the output gap is positive and GDP exceeds potential, the economy is working above its sustainable capacity and is likely to experience inflation. The output gap is negative if GDP is not reaching its potential.
To know more about Actual and Potential GDP visit:
https://brainly.com/question/22098913
#SPJ4
the demand for agricultural products is multiple choice relatively elastic with respect to price. relatively inelastic with respect to price. relatively elastic with respect to income. downsloping to the individual farmer but perfectly elastic to farmers as a group.
The demand for agricultural products is relatively inelastic with respect to price.
An economic concept known as "inelasticity" describes an item or service's unchanging quantity while its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand.
When there is a significant shift in quantity demanded when the price changes, a good or service is said to have elastic demand. When there is a small change in the quantity demanded when the price changes, a good or service has inelastic demand. The term "price inelasticity of demand" is another name for this.
To learn more about demand refer here:
https://brainly.com/question/28192591
#SPJ4
if the federal government decreases its expenditures on goods and services by $10 billion and decreases taxes on personal incomes by $10 billion, which of the following will occur in the short run?
The aggregate income will decrease by up to $10 billion will occur in short run.
What is aggregate income?The sum of all incomes in an economy, excluding amounts that have been twice counted or adjusted for inflation or taxes, is known as aggregate income. A measure of GDP called aggregate income is the sum of consumption spending and net income. In economics, definition of "aggregate income" is very broad. It might represent the economic gains from all output for those who produced it. Although there are several ways to estimate total income, GDP is one of the most recognized and most popular. The economic production of a nation is gauged by its GDP. It is typically defined as the sum of the market values of all the goods and services produced over a specified time period after deducting the cost of the raw materials utilized in the production.
To learn more about aggregate income, visit:
https://brainly.com/question/13025066
#SPJ4