Kingbird Corp
A.
Dr Account Receiveable $722,500
Cr Sales Revenue $722,500
B.
Dr cash $708,940
Cr Account receivable $708,940
C.
Dr Bad debt expense $14,220
($22,740-$8,520)
Cr Allowance for Doubtful Account $14,220
Answer:
(a) 1,370,000 shares
(b) 42.19%
Explanation:
Given that,
Shares in a restaurant chain venture = 1,000,000 shares
Price of each share = $1.00
(a) To raise the additional $1,370,000:
Shares will you need to sell:
= Additional amount ÷ Price of each share
= $1,370,000 ÷ $1.00
= 1,370,000 shares
(b) No. of Shares After investment:
= Shares need to sell + Shares in a restaurant chain venture
= 1,370,000 + 1,000,000
= 2,370,000 shares
Therefore, the fraction of the firm will you own after the VC investment:
= (Shares in a restaurant chain venture ÷ No. of Shares After investment) × 100
= (1,000,000 ÷ 2,370,000) × 100
= 0.4219 × 100
= 42.19%
Answer:
The company was rated five stars more by men
Explanation:
Expressing the survey results as percentages
1. <u>Overall population </u>
=67 out of 350
=67/350x100= 19.14 percent
2. <u>Men population</u>
=40 out 175
=40/175x100 =22.85 per cent
The company was rated five stars more by men
Answer:
Optimal qauntity is 4 Units
Explanation:
Here, we have to decide quantity of production at which maximum profit can be generated. For this reason we will have to contruct a table which will help us to calculate Marginal Benefit and Marginal cost. This table is given as under:
Quantity Total benefit Marginal benefit Total Cost Marginal Cost
0 Units 0 0 0 0
1 Units 16 16 9 9
2 Units 32 16 20 11
3 Units 48 16 33 13
4 Units 64 16 48 15
5 Units 80 16 65 17
We can see that at 4 Units, marginal revenue is almost equal to marginal cost. At this level of production, we have maximum benefits generated which is:
Maximum Benefit Generated = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) = $7 + $5 + $3 + $1 = $16 for 4 Units
We can also cross check by considering 5 units case to assess whether the benefit generated is more than 4 units case or not.
Maximum Benefit Generated (For 5 Units) = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) + ($16 - $17) = $7 + $5 + $3 + $1 - $1 = $15 for 4 Units
As the maximum benefit generated in the case of 4 units is more because of using marginal revenue = Marginal Cost relation, hence the optimal quantity is 4 units.
Answer:
c. Outsource to a third party
Explanation:
At that time when business improved, Tasha Lind saw that the company is suffering with shortage of talent. From the given following methods she should use <u>outsource to a third party</u> for managing the shortage of talent because as outsource to a third party generally means that the company will give the contract of their work to any third party they wish. As company is suffering with shortage of talent, so the company will have to give contract to any other third party because company will not make its loss.
