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2 years ago

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According to the rule of 72, if holly invests $200, $400, and $1000 into three separate accounts with the same interest rate, wh

ich amount will double fastest?

2 answers:

777dan777 [17]2 years ago

7 0

It will double at the same rate

Musya8 [376]2 years ago

7 0

All the accounts will double at the same rate

-from an Apex User

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A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the ap

Tcecarenko [31]

Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.

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2 years ago

Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa

kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables

= $515,600 + $6,076,500 - $144,100 - $443,000

=$6,005,000

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2 years ago

Start period 02 | 01 | 2019 End period 02 | 15 | 2019 Gross Pay $1,837.00 Earnings Taxes Deductions $1,837.00 Federal (8.24%) =

mario62 [17]

Answer:

Net Pay is equal to $1,474.19.

Explanation:

Net is Gross Pay minus taxes deductions. Therefore, Net Pay can be calculated as follows:

<u>Particulars ($) ($) </u>

Gross Pay 1,837.00

<u>Taxes Deductions</u>

Federal (8.24% of Gross Pay) (151.37)

FICA Medicare (1.45% of Gross Pay) (26.64)

FICA Social Security (6.20% of Gross Pay) (113.89)

State - OK (3.86% of Gross Pay) <u> (70.91) </u>

Total <u> (362.81) </u>

Net Pay <u> 1,474.19 </u>

<u />

Therefore, Net Pay is equal to $1,474.19.

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2 years ago

The following information has been obtained from the Massena Corporation: 100,000 shares of common stock were outstanding on Jan

aivan3 [116]

Answer:

247,500

Explanation:

The calculation showing the weighted average number of shares to be used in the calculation of the of the basic earning per share for 2018 is shown below:

= $[(100,000 * \frac{12}{12}) + (30,000 * \frac{10}{12})] * 2 Stock splits - 10,000 * \frac{3}{12}$

$= 250,000 - 2,500\\= 247,500$

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2 years ago

On December 31 of the current year, Plunkett Company reported an ending inventory balance of $219,000. The following additional

Alexxx [7]

Answer:

The ending inventory balance is $158,400

Explanation:

The computation of the amount that Plunkett should report in ending inventory is shown below:

= Ending balance - goods purchased under FOB destination - goods held on consignment

= $219,000 - $44,800 - $15,800

= $158,400

hence, the ending inventory balance is $158,400

we simply applied the above formula so that the correct value could come

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2 years ago