Pablo owns a record store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Pablo sold 1,200 records. If Pablo sells 1,250 records this year (50 more than last year) and his average total cost increases to $1.28 million, we know that the: ________

a. average variable cost of selling records has decreased.
b. marginal cost of those 50 records is $80,000.
c. average fixed cost of selling records is unchanged.
d. marginal cost of those 50 records is $1.28 million.
e. average total cost of selling 1.250 records is $1,000.

Answer:

Business organization, an entity formed for the purpose of carrying on commercial enterprise.Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.

Answer: Difficulty involved in tracing the link between service and financial returns.

Explanation:

Many companies believe that service is a cost rather than a revenue producer due to the following reasons;

- There is this difficulty in tracing the link between service and financial returns.

- Profits are not directly linked to service provided most times, so it seems as though the service rendered was a cost rather than a revenue

- When service is rendeded most times, the results are not seen immediately, as it would require time to get tvalue and profit for what was done.

Answer:

Stock DEC 31st 2017 23,680

Carriage outward 2,000

Carriage inwards 3,100

Returns 2050 3,220

Purchases and sales 118,740 186,000

Salaries and wages 38,620

Rent 3040

Insurance 780

Motor expenses 6,640

Office expenses 2160

Lighting and heating expenses 1,660

General expenses 3140

Premises 50,000

Motor vehicles 18,000

Fixtures and fittings 3,500

Debtors and creditors 38,960 17,310

Cash at bank 4820

Drawings 12,000

Capital 126,360

332,890 332,890

Additional information

i) Closing stock was valued at ksh 29,460 as at 30th June 2018

ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use

iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued

iv) Bad debts written off amounted to 860

v) Depreciation is to be provided for as follows:

 Premises at 20%

 Fixtures and fittings at 15%

 Motor vehicles at 25%

All of a above asset were depreciated at cost

a) The income statement for the year ended 30 th June 2018 ( 5marks)

b) The statement of financial position (5 Marks)​

Explanation:

Based on the given information, the effect of this transaction is a gain of $6000. Thus the correct option is B.

The continual loss of an asset's worth over time as a result of damage, obsolescence, or other circumstances is known as depreciation. The cost of an asset is divided throughout the asset's useful life using this accounting technique.

To determine the effect of this transaction, we need to calculate the carrying value of the furniture at the time of sale.

Carrying value = Original cost - Accumulated depreciation

Carrying value = $17,000 - $14,000

Carrying value = $3,000

Given that, the furniture was sold for $9,000.

Gain = Sale price - Carrying value

Gain = $9,000 - $3,000

Gain = $6,000

Therefore, the answer B is appropriate.

Learn more about depreciation, here:

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Answer:

$150,000

Explanation:

The question says that the total operating expenses of the hospital is 1 million, while also saying that it has a supply expense ratio of 15%. An expense ratio can be by dividing a fund's total operating expenses it's average dollar value of its assets under it's management. This is what gave us the 15% we got in the question. Now, to get the total supply cost in dollars (not percentage), all we is multiply the percentage by the total cost we were given. Thus,

Total annual cost of supply =

15% * 1,000,000 =

15/100 * 1,000,000 =

$150,000.

Therefore, the total annual cost of supply is $150,000

Answer:

d. are incurred even if nothing is produced.

Explanation:

The fixed cost is the cost which remains the same in the case when the production level is increased or decreased or same

Also if nothing is produced still the fixed cost is incurred

Like: rent, depreciation etc

This would remain the fixed . And also cannot be avoided

Therefore the correct option is d.

And other options are wrong

Answer: A. consult your own attorney as to legal obligations and rights concerning the ethical conflict.

Explanation:

After considering the relevant implications of an ethical dilemma, the final step is to reach out to your own lawyer to find out your legal rights as well as obligations concerning the courses of action that are presenting the dilemma.

The logic is that your own attorney should have your best interests at heart and so will tell you what each action could do to you which will then help you decide which course of action to take.

Answer:

YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%

Explanation:

The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,

YTM = [ ( C + (F - P / n))  /  (F + P / 2) ]

Where,

C is the coupon payment

F is the Face value of the bond

P is the current value of the bond

n is the number of years to maturity

Assuming that the bond  pays coupon annually,

Coupon payment = 5000 * 0.065 = $325

Number of periods remaining till maturity = 7

YTM = [ (325 + (5000 - 5937 / 7))  /  (5000 + 5937 / 2)

YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%

Answer:

data warehouses

Explanation:

In the science of computing, we can also call a data warehouse, to be an enterprise data warehouse, this is a system that is used for reporting and also analysing data, a data warehouse is known to be a very central part of business intelligence.

Organizations must use software tools to process data into meaningful information to make data warehouses useful.

Answer:

I think it is true.

Answer:

c) $8,786

Explanation:

0.186A + 0.074B = (24,000 x 0.115)

0.186A + 0.074B = 2,760

A + B = 24,000

where A = amount invested in stock A and B = amount invested in stock B

A = 24,000 - B

0.186(24,000 - B) + 0.074B = 2,760

4,464 - 0.186B + 0.074B = 2,760

4,464 - 0.112B = 2,760

4,464 - 2,760 = 0.112B

1,704 = 0.112B

B = 1,704 / 0.112 = $15,214.29

A = $24,000 - $15,214.29 = $8,785.71 ≈ $8,786

Answer:

the number of units produced in the second quarter is 18,200 units

Explanation:

The computation of the number of units that have to plan for producing in the second quarter is shown below:

= Sales units - opening inventory units + closing inventory units

= 18,000 units - (18,000 units × 10%) + (20,000 units × 10%)

= 18,000 units - 1,800 units + 2,000 units

= 18,200 units

hence, the number of units produced in the second quarter is 18,200 units

Explanation:

Marketing Communications Plan can be described as the technique that an organisation or individual uses to attract the attention of consumers through different forms of communication.

Factors to address in the selection of a Marketing Communications Plan is as follows:

1. The first factor to keep in mind is the target market or your target customers.

2. The second factor is the goals and objectives of the said plan.

3. Another important factor is the budget allocated for the plan.

4. Fourth factor is the advertising and promotional policies.

Answer:

c. six or seven

Explanation:

The computation of the number of kanban containers required is shown below:

Number of Kanbans = (Average Demand During lead Time + Safety Stock) ÷ Size  of container

= (3,000 units × 0.3 + 0.15 × 3000 × 0.3) ÷ (150)

= (900 + 135) ÷ 150

= 6.9

So the number of kanbans required is 6.9 i.e. it lies between six or seven

hence the correct option is c.

Answer:

c. Discretionary

Explanation:

The discretionary policy is the policy that depends upon the judgement of the people who made the policy. It also deals in the decision making with respect to the monetary and fiscal policy

So here in the given situation, it is mentioned at the time of taking the action by the federal government with respect to change in the taxes and the spending in order to stimulate the economy

So this situation represents the discretionary policy

therefore the option c is correct

Answer:

A presentation of information

Explanation:

Answer:

$4,525,123.84

Explanation:

The computation of the proceeds from the issuance of the bond is shown below:

Given that

Face Value of Bonds = $4,000,000

Annual Coupon Rate = 8%

So, Semiannual Coupon Rate = 4%

So, Semiannual Coupon = 4% × $4,000,000

= $160,000

Time to Maturity = 5 years

So, Semiannual Period = 10

And,

Annual Interest Rate = 5%

So, Semiannual Interest Rate = 2.5%

Now the proceeds from the issuance of the bond is

= $160,0000 × PVIFA(2.5%, 10) + $4,000,000 × PVIF(2.5%, 10)

= $160,000 × 8.752064  + $4,000,000 × 0.78120

= $1,400,330.23  + $3,124,793.61

= $4,525,123.84

Answer:

C. credible

Explanation:

A credible monetary policy is the policy where the problem of inconsistency of time can be avoided also the biasness of the inflation also it keeps the inflation under a control.

Therefore in the case when the central bank wants to decrease the inflation so they are using the credible monetary policy

Hence, the correct option is C.

Answer:

c. real estate investment trust.

Explanation:

Real estate investment trust are businesses that own real estate that is used to generate revenue.

They include office spaces, apartments, hospitals, hotels, shopping malls and so on.

So when there is fund of real estate holdings that can be privately held or publicly traded on an exchange, it is a real estate investment trust.

REIT provides a long term and stable source of income as real estate properties tend to appreciate over time. They also pay lower corporate tax

Answer:

the  variance for the balance is $2,750 favorable

Explanation:

The computation of the variance for the balance is shown below:

= Income - expenses

= (Estimated income - actual income) - (estimated expenses - actual expenses)

= ($53,500 - $48,500) - ($37,250 - $35,000)

= $5,000 - $2,250

= $2,750 favorable

Hence, the  variance for the balance is $2,750 favorable

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Answer:

0.3846

Explanation:

Given that :

Amount of debt = $1.1 million

Amount of preferred stock = $2 million

Amount of common equity = $2.1 million

Total value of company's finance funds :

(Amount of debt + Amount of Preffered stock + Amount of common equity)

(1.1 million + 2 million + 2.1 million)

= $5.2 million

Hence, weight on preferred stock:

Amount of preferred stock / total value of company's finance

$2 million / $5.2million

= 0.3846

Hence, weight of Preffered stock = 0.3846

Answer:

For each year, calculate the budget deficit then make it a percentage of GDP.

Budget Surplus (deficit) = Government receipts - Government Expense

2015

Deficit as percentage of GDP = (2,329.8 - 2,682.6) / 14,573.20

= 2.4%

2016

= (2,446.3 - 2,736.3) / 14,573.2

= 2.0%

2017

= (2,568.6 - 2,791.0) / 14,573.2

= 1.5%

2018

= (2,697.0 - 2,846.8) / 14,753.2

= 1.0%

Answers rounded to one decimal place. and no signs, plus or minus, included, as per the question specification.

Answer:

a. Journal Entry

December 31, 2020:

Debit Bad Debts Expense $16,000

Credit Allowance for Doubtful Accounts $16,000

To record bad debts expense.

b. Journal Entries:

March 1, 2020:

Debit Allowance for Doubtful Accounts $1,900

Credit Accounts Receivable $1,900

To record the write-off of uncollectible account.

May 1, 2020:

Debit Accounts Receivable $1,900

Credit Allowance for Doubtful Accounts $1,900

To record the reversal of the March 1, 2020 entries.

Debit Cash $1,900

Credit Accounts Receivable $1,900

To record the receipt of check from the customer.

c. Journal Entries:

Debit Bad Debts Expense $40,300

Credit Allowance for Doubtful Accounts $40,300

To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.

Explanation:

a) Adjusting journal entries are recorded at the end of the accounting period to provide for accrued expenses and revenues, expense prepayments, and deferred revenue, including depreciation expense, thereby ensuring that the accounts are reported in accordance with the accrual concept.

Answer:

the cross elasticity of demand between a Pepsi and Coca-Cola is  5

Explanation:

The computation of the cross elasticity of demand is shown below:

= Percentage change in quantity demanded of one product ÷ percentage change in the price of other product

= -50 ÷ -10

= 5

Hence, the cross elasticity of demand between a Pepsi and Coca-Cola is  5

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Answer:

c. 23.45

Explanation:

National best bid (NBB) is the highest bid price across all the nation at a given point of time. In this question, 23.45 is the highest bid price from Gulf before 10:00:07

Answer:

The correct net income is $3,500.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

The income statement of Venden Co. for the month of July shows net income of $4,000 based on Service Revenue $8,700, Salaries and Wages Expense $2,500, Supplies Expense $1,700, and Utilities Expense $500. In reviewing the statement, you discover the following.

1. Insurance expired during July of $700 was omitted.

2. Supplies expense includes $250 of supplies that are still on hand at July 31.

3. Depreciation on equipment of $300 was omitted.

4. Accrued but unpaid salaries and wages at July 31 of $400 were not included.

5. Services provided but unrecorded totaled $650.

Instruction: Prepare a correct income statement for July 2017.

Also Note: See the attached excel file for the correct income statement.

In the attached excel file, the following workings are used:

Workings:

w.1. Supplies expense = Total supplies expense already charged – Supplies on hand at July 31 = $1,700 - $250 = $1,450

w.2. Salaries and wages expense = Salaries and wages expense already charged + Accrued but unpaid Salaries and wages expense = $2,500 + $400 = $2,900

w.3. Service revenue = Service revenue already accounted for + Services provided but unrecorded = $8,700 + $650 = $9,350

Answer:

C. Cash, prepaid rent, accounts receivables.

Explanation:

A balance sheet can be defined as the financial statement that gives a detailed summary of the financial balance of a business firm or individual at a specific period of time. Therefore, it typically comprises of assets, liabilities, capital, debt, equity etc.

In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, cash, rent and accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.

Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.

Hence, account receivables, cash and rent are assets on the balance sheet, which are listed in order of liquidity.

The choice that include only accounts that appear in the asset section of the balance sheet are Cash, prepaid rent, and accounts receivables.

Answer:

i hate school im the CØØCHIEMAN

Explanation:

Answer:

5.9

Explanation:

Calculation for It's accounts receivable turnover using this formula

Accounts Receivable Turnover = Net Sales amount /Average Accounts Receivable amount

Let plug in the formula

Accounts Receivable Turnover =$566,400/$96,000

Accounts Receivable Turnover = 5.9

Therefore Its accounts receivable turnover equals: 5.9