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2 years ago

give at least 3 personal gains in your business (my gain,community gain and country gain) by considering the table below

Business

1 answer:

lana [24]2 years ago

8 0

Answer:

My Business- Fashion Designing

My Gain- Daily profit generation, Job Satisfaction, Improvement of my business skill.

Community Gain- Access to well-designed dresses, Training for youths who wish to gain the skill

Country Gain- Employment of citizens, Contribution to the gross domestic product

Explanation:

In my business as a Fashion Designer, I benefit from the fact that I can make money for myself doing what I love. The business also affords me the opportunity to improve my business skill. For instance, good marketing helps me reach a wider audience.

The community I live in benefits from my service because they can always come to design their dresses in whatever styles they desire. Youths and others who wish to gain some skill can also register at an affordable price.

The country I reside in also benefits from the revenue generated from the business because it contributes to its gross domestic product. The citizens are also gainfully employed through the business.

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Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operati

Maksim231197 [3]

Answer:

Highland construction company

Income statement

For the year ended December 31, 2014

Sales revenue=128,400

Total expense=80,200

Pretax income=48,200

Tax =14,460

Net income =33,740

Highland construction company

Statement of stockholder's equity

For the year ended December 31,2014

Balance December 31,2013=0

Stock issuance =87,000

Add:Net income

Less:Dividends

Balance December 31,2014=87,000

Highland construction company

Balance sheet

December 31,2014

Account payable=46,140

Salaries payable=2,520

Total liabilities

Common stock=87,000

Retained earnings=23,740

As complete information is not given so only relevant portion is done.

4 0

2 years ago

For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model

bulgar [2K]

Answer:

c. Many

d. Differential

c. Monopolistic Competition

b. Few

c. Identical

a. Oligopoly

a. One

a. Unique

d. Monopoly

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms.

An example of a monopoly is a utility company

It is only the drug company that is permitted to sell the drug. So, it is the only firm in the industry. Also, it is the only firm that offers experimental AIDS drug, so its product is unique.

An Oligopoly is when there are few large firms operating in an industry. In the cab industry, it is a duopoly that exists. This is a type of oligopoly where there are only two firms in the industry. Consumers do not care about the cabs they enter or the different services offered by the companies, so, the product is identical

6 0

2 years ago

Onslow Co. purchased a used machine for $178,000 cash on January 2. On January 3, Onslow paid $2,840 to wire electricity to the

IgorLugansk [536]

Answer:

A. Loss - $27,153

B. Gain - $7,847

C. Loss - $12,153

Explanation:

Machine’s value = $(178,000+2,840+1,160)

= 182,000

Since the machine is placed on January 3, depreciation of first year will be of 363 days.

Depreciation at the end of 1st year = ((182,000-14,000)/6) × (363/365) = $27,847

Depreciation of each following Year= (182,000-14,000)/6 = $28,000

Total Depreciation at the end of fifth year= $27,847+(28,000×4) = $139,847

Therefore, Book Value of machine at the end of fifth year = $(182,000-139,847) = $42,153

REQUIREMENT - A:

Loss due to disposal of machine

= $(42,153-15,000) = $27,153

Journal entry:

Cash Dr 15,000

Loss Dr 27,153

Accumulated Depreciation Dr 139,847

Machine Cr 182,000

Loss from the sale of non-current asset is alwyas debit.

Requirement - B

Gain from the sale of machines = $(50,000-42,153) = $7,847

Journal Entry:

Cash Dr 50,000

Accumulated Depreciation Dr 139,847

Gain Cr 7,847

Machine Cr 182,000

Gain from the disposal of assets is an income, therefore it is credit. It is an other income. As the disposal occurs at a good cash value, there is a gain.

Requirement C:

Again, Book Value = $42,153,

Cash = $30,000

Loss from proceed from the sale of machine = $(42,153 - 30,000) = $12,153

Cash Dr 30,000

Loss Dr 12,153

Accumulated Depreciation Dr 139,847

Machine Cr 182,000

Loss from the sale of non-current asset is alwyas debit.

4 0

2 years ago

Perine, Inc., has balance sheet equity of $6 million. At the same time, the income statement shows net income of $906,000. The c

Oksanka [162]

Answer:

The target stock price in year 1 is $51.12

Explanation:

Given SE = $6 MIL, NI= $906 000, Div= $408180, Shares= 200000, PE ratio= 24 , SP =?

W e will use the price earning ratio as we are are given the benchmark PE ratio and this ratio measures the stock price relative to it profits

PE = Stock price / Earnings per share

Need to calculate Earnings per share

EPS = net Income - dividends/ oustanding Shares

=906000-480180/200000

=$2.1291/$2.13

Sustitute in the formula for PE ratio

24 = Stock Price/2.13

Stock Price = $51.12

Therefore the target stock price in year 1 is $51.12

5 0

2 years ago

The fact that one department may be labor intensive while another department is machine intensive explains in part why multiple

cricket20 [7]

Answer:

True

Explanation:

Overhead is the total of indirect cost that is involved in the production of a good. An overhead could be made up of a budgeted cost or actual cost. Overhead is appropriate when it does not exceed 35% of the total revenue.

Because a large company could produce different goods, those goods undergo different process and as result of that, require different costs of production.

For this reason, departmental overhead rates are calculated to ensure that every part of the company has its own production cost and expenses set aside rather than having a general or single company overhead rate which could favor some departments and not favor some other departments.

Cheers.

4 0

2 years ago