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2 years ago

A company has these balances as of december 31

Business

1 answer:

11111nata11111 [884]2 years ago

7 0

Answer:

Total asset = 55000

Explanation:

Below is the following calculations:

Cash amount = 20000

Fixed assets = 35000

Accumulated depreciation = 20000

Accounts payable = 5000

The total assets = Cash + fixed assets

Total asset = 20000 + 35000

Total asset = 55000

Not- Accumulated depreciation should be deducted from the gross assets.

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Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs \$2.00$2

KiRa [710]

Answer:

7 pounds

Explanation:

Let us assume the x for the 1 pound of bluegrass seed and y for the pound of drought resistant seed

Now the first equation would be

x + y = 25 ............................ (i)

we can write

y = 25 - x

Now the second equation would be

2x + 3y = 68 .............................. (ii)

Now put y value in the equation 2

2x + 3(25 - x) = 68

2x + 75 - 3x = 68

x= 7

Therefore the bluegrass seed is 7

Now for drought-resistant it would be

7 + y = 25

y = 18

8 0

2 years ago

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

In-s [12.5K]

Answer:

1. Computation of Net Operating Cash flow

Particulars Year 1 $ Year 2 $

Net Operating Cash flow

Cash collected from clients $167,000 $197,000

Less: Cash Disbursement

Salaries $97,000 $107,000

Utilities $33,500 $47,000

Purchase of insurance policies $62,100 $0

Net Operating Cash Flow -$25,600 $43,000

Therefore, net operating cash flow for year 1 is -$25,600 and year 2 is $43,000.

2. Income Statement for each year

Particulars Year 1 $ Year 2 $

Revenue $184,000 $234,000

Expenses:

Salaries $97,000 $107,000

Utilities $38,500 $42,000

Insurance Policy($62, 100/3) $20,700 $20,700

Net Income $27,800 $64,300

Working:

Utilities for year 2 = $33,500 + $47,000 - $38,500 = $42,000

3. Computation of account receivables

Particulars Year 1 $ Year 2 $

Account receivables beginning balance $0 $17,000

Add: Account billed to client $184,000 $234,000

Less: Cash collections from clients $167,000 $197,000

Ending account receivables $17,000 $54,000

Therefore, net amount of account receivables for year 1 is $17,000 and year 2 is $54,000

4 0

1 year ago

PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new

Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling Price $284 per unit

Administrative Cost $500,000

Advertising Cost $700,000

(a) Units= 18,500

Direct labor= $50

Direct material= $88

Sales= 18,500*284= 5,254,000

Variable costs= (50 + 88)*18,500= (2,553,000)

Contribution margin= 2,701,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 1,501,000

B)Units= 9,500

Direct labor= $51

Direct material= $101

Sales= 9,500*284= 2,698,000

Variable costs= (51 + 101)*9,500= (1,444,000)

Contribution margin= 1,254,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 54,000

7 0

2 years ago

Bowering Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.60 Direct labor

ArbitrLikvidat [17]

Answer:

3. $53,550

Explanation:

Product Cost:

Cost per Unit Cost per Period Direct materials $ 6.60

Direct labor $ 3.85

Variable manufacturing overhead $ 1.50

Fixed manufacturing overhead $ 81,000

Period Costs:

Sales commissions ($0.50 x 9,000 ) $4,500

Variable administrative expense ($0.50 x 9,000 ) $4,500

Fixed selling and administrative expense $44,550

Total Period Cost $53,550

For financial reporting purposes, the total amount of period costs incurred to sell 9,000 units is $53,550.

3 0

1 year ago

ONLY ANSWER IF YOU KNOW WILL MARK BRANLIEST MAX POINTS

MrMuchimi

1. Customers buy your product but fans buy and love it. Fans will enthusiastically promote the product to friends and family, will loyally continue to buy without having to be convinced, and will support the company and it's decisions with little hesitation because of how much they love the product.

2. Some factors affecting demand are price, quality, available substitutes, and consumer income.

3. People want a distraction from financial hardships.

4. If the core product is good, it increases the perceived value of ancilliary products. So people who buy an iPhone are more likely to value the other apple products more highly.

5. Event marketing increases brand visibility and gets large groups of people excited and talking about the product.

6. It depends, there are absolutely other things that they could spend millions on but the Superbowl ads are the most-watched ads of any US event so the exposure is generally worth more.

7. It increases brand visibility, recognition, and associates it with someone successful and popular.

8. There are arguments for both. Marketing yourself can get you far, increase your exposure, and help promote your career but at some point if you don't back it up with talent and results it won't matter.

9. This might level the field for athletes who shouldn't get an unfair advantage over each other but there is little relation to marketing without more context.

10. They bring in a lot of money and visibility for the company.

4 0

2 years ago

Read 2 more answers