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liubo4ka [24]
2 years ago
6

Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl

es. Which of the following makes the most economic sense?1. 20 bottles of soda at $1.50 each2. 4 six-packs of soda at $5.00 each3. one case of 24 sodas at $18.504. two cases of 24 sodas at $18.50 each
Business
1 answer:
Rama09 [41]2 years ago
8 0

Answer:

3. one case of 24 sodas @ $ 18.50

Explanation:

The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.

Now comparing the various pack sizes available:

1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50

2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83

3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77

4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77

The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.

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Hopkins Company has taken a position in its tax return to claim a tax credit of $70,000 (direct reduction in taxes payable) and
Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

= Tax benefit in 20% - Tax benefit in 40%

= $70,000 - $42,000

= $28,000

The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.

We took the higher value between $42,000 and $14,000.

5 0
2 years ago
Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given be
Anettt [7]

Answer:(1a) schedule of cash collected $221,800, schedule of cash disbursement for merchandise purchase $118,900 (1b) cash budget closing balance $19,260 (2) Net income $26,410 (3) Balance sheet Total Asset $364,510, Total Liabilities &Equity $364,510

Explanation:

Schedule of cash collected

Sales. 257,000

Less:Cash sales. 77,100

------------

Credit sales. 179,900

Cash collected in May

Credit sales( 50% ) 77,100

Account Receivable 54,750

May sales (179,900 × 50%) 89,950

---------------

Total cash collected. 221,800

-------------------

Schedule of cash disbursements for merchandise

Cash paid for May purchases (121,000×40%) 48,400

Cash paid for April purchases. 70,500

--------------

Total purchase payment for May. 118,900

-----------------

Cash Budget

Opening balance. 9,600

Add: Receipt

Collection from customers 221,800

Bank loan. 22,000

--------------

Total cash available. 253,400

Less: Disbursements

Purchase payment 118,900

Selling Expenses. 83,700

Note payable. 18,100

Interest on Note payable 340

Purchase of refrigerating equipment 13,100

----------------

Total Disbursement. 234,140

----------------

Closing Balance. 19,260

----------------

Minden company

Budgeted income statements for the month of may

Sales. 257,000

Cost of good sold

Beginning inventory 53,750

Add: purchases. 121,000

---------------

Goods available for sale 174,750

Less: Ending inventory. 31,000

-------------

Cost of good sold. 143,750

----------------

Gross Margin. 113,250

Selling & Administrative Expenses

(83,700 + 2,800) 86,500

---------------

Net operating income. 26,750

Less: interest expense. 340

----------------

Net income. 26,410

------------------

Budgeted Balance sheet

Asset

Cash. 19,260

Account Receivable 89,950

Inventory. 31,000

Building & Equipment

Net of Deprecation.

(214,000 + 13,100 - 2,800) 224,300

-----------------

Total Asset. 364,510

------------------

Liabilities & Equity

Account Payable(121,000 × 60%) 72,600

Note payable. 22,000

Common Stock. 180,000

Retained Earnings( 63,500 + 26,410) 89,910

------------------

Total Liabilities & Equity. 364,510

------------------

8 0
2 years ago
Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be ca
Trava [24]

Answer:

Capitalized Expenditures:

2. Added a new wing onto the office building.

5. Had an engine rebuilt in one of their fleet cars.

Explanation:

Capitalization is the process of delaying the full recognition of an expense for the acquisition of a new asset with long-term life so that the costs can be treated as an expense gradually over its useful life through an accounting method known as depreciation or amortization.

The criteria for capitalizing expenditure depend on whether the expenditure is necessary to bring the asset to the condition and location where it can be operated as desired by the management.  It must also meet the threshold amount set by management for capitalization.  This is because some assets can be used for more than one year and still they are not regarded as capital assets.  Example is a stapling machine that costs less than a dollar.

6 0
2 years ago
Wanda Workout stopped at the local store to purchase a drink after her strenuous jog that morning. She purchased a large drink f
quester [9]

Answer:

Warranty of fitness for particular purpose.

Explanation:

Under the principle of implied warranty, products must be fit for the particular use for which they are intended. What does one do with a drink other than drink it ? Therefore, there was no need for Wanda to inform Kelly about the purpose, as Kelly is aware of the purpose for which Wanda wants the product.

Hence, it is seller Kelly's duty to ensure that the goods are suitable for that purpose.In other words, there was an implied warranty that the drink was fit to be consumed.

8 0
2 years ago
Roles of three employees in the Agriculture, Food, and Natural Resources cluster are given in this chart. Which best describes t
dsp73

What are the options?

5 0
2 years ago
Read 2 more answers
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