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ss7ja [257]
2 years ago
15

The following information was extracted from the 2020 financial statements of Max Company: Income from continuing operations bef

ore income tax $705,000 Selling and administrative expenses 480,000 Income from continuing operations 495,000 Gross profit 1,350,000 The amount reported for other expenses and losses is
a. $210,000
b. $15,000.
c. $165,000.
d. $225,000.
Business
1 answer:
Bezzdna [24]2 years ago
5 0

Answer:

c. $165,000.

Explanation:

Gross profit $1,350,000

Selling and administrative expenses $480,000

Income from continuing operations before income tax $705,000

Income from continuing operations 495,000

Total Expenses = Gross Profit - Income from continuing operations before income tax

Total Expenses = $1,350,000 - $705,000 = $645,000

Other Expenses = Total Expenses - Selling and administrative expenses

Other Expenses = $645,00 - $480,000 = $165,000

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Lakeview Apartments is an 800​-unit apartment complex. When the apartments are​ 90% occupied, monthly operating costs total $ 22
Harman [31]

Answer:

$204,080

Explanation:

The computation of operating cost is shown below:-

operating cost if occupy 55%

Cost on (800 × 90%)

= 720 units is $220,040

Cost on (800 × 80%)

= 640 Units is $215,480

Variable cost per unit = Changes in total cost ÷ High activity-Low activity

= ($220,040 - $$215,480) ÷ (720 - 640)

= 4,560 ÷ 80

= 57 per unit

Fixed cost = Total cost - Variable cost

= $220,040 - (720 × 57)

= $179,000

Cost equation:

Total cost = Fixed cost + Variable cost per unit

Y = $179,000 + 57X

Y = $1790,00 + (57 × 440)

Y = $204,080

3 0
2 years ago
Monique calls a management meeting to discuss why sales have been falling at the company's store on Main Street. She begins by e
Alik [6]
I think it's B. Hope this helps.

3 0
2 years ago
Read 2 more answers
Sony was a pioneer in the portable music market segment. The Sony Walkman was an innovative product that created a new category
rewona [7]

Answer:

First mover advantage

Explanation:

First mover advantage refers to the advantage gained by an organization by simply being the first initial significant occupant of the market segment. By being the first to enter that particular market, the organization gains insurmountable market position. In some cases, the product of the first mover becomes the standard for both competitors and consumers. In this case, Sony has first mover advantage hence the edge they have over other companies seeing they were the pioneers.

5 0
2 years ago
Assume there is a fixed exchange rate between the Canadian and U.S. dollar. The expected return and standard deviation of return
Keith_Richards [23]

Answer:

standard deviation = 15.21%

so correct option is B. 15.21%

Explanation:

given data

expected return US = 18%

standard deviation of return US = 15%

expected return canadian = 13%

standard deviation of return canadian = 20%

covariance of returns = 1.5 %

to find out

standard deviation of return

solution

standard deviation is find here as given formula that is

standard deviation = \sqrt{w1^2*\sigma_1^2 + w2^2*\sigma_2^2 + 2*w1*w2*convariance}     ................1

here w1 is amount invested in US stock and w2 is investment in canada and σ1 is Standard deviation return of US and σ2 is Standard deviation return of canada

put here value in equation 1 we get

standard deviation = \sqrt{0.50^2* 0.15^2 + 0.50^2* 0.20^2 + 2*0.50*0.50*0.015}

solve it we get

standard deviation =  0.1520690

standard deviation = 15.21%

so correct option is B. 15.21%

7 0
2 years ago
Your company produces mass spectrometers for sale to colleges and universities throughout the United States. On February 12, the
Jobisdone [24]

Answer:

As the Company has received a Cheque of $10,000,000 for payment in full. The Company though have not started the production it can consider such amount and cancel the contract and being a misc Income in its profit and loss account.

Though the product is being sold to an university and such organisation work on No profit no loss situation hence it can consider manufacturing 10 units and selling such units to the university at least the university also does not incur a loss of such a huge amount.

7 0
2 years ago
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