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2 years ago

If a display rack was purchased for the store, which of the following accounts would be increased?

2 answers:

8 0

If a display rack was purchased for the store, assets is an account that would increase. An asset is something that you own and have possession of. If a store purchases a new item, they now own the item and therefor it becomes an asset of the company.

Rashid [163]2 years ago

3 0

The answer is Store Equipment

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In the weeks leading up to an election the media are filled with campaign ads, some of which are emotionally charged and some of

Mrrafil [7]

Unreliable. Campaigners don't necessarily show their true colors during campaigns. They like to put on a show to get attention. They also make claims that seem like they care about the good of the nation, but that could actually hurt the economy or the country as a whole. But they could also be in favor of policies that are good for the country/economy, but could anger people because those policies appear to hurt a group/groups of people.

7 0

2 years ago

Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net ne

VladimirAG [237]

Answer:

$1,269.46

Explanation:

Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.

To calculate the EBIT therefore, the Tax as well as interest must be added back to the Net Income after tax (usually added to retained earnings)

Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)

= $75 + $418 = $493 - This represents a partial net income

The next step is to calculate the taxable income as follows:

The net income is $493, and the Tax rate is 35%

Taxable Income = $493/ (1-0.35) = $758.46

Earnings before interest and tax therefore =

Interest paid + Taxable Income

= $511 + $758.46 = $1,269.46

7 0

2 years ago

Ohio Swiss Milk Products manufactures and distributes ice cream in Ohio, Kentucky, and West Virginia. The company wants to expan

LenaWriter [7]

Answer:

a. The regression equation required is Y = 915.18 – 0.2819X.

b. b-1. Correlation coefficient (r) = –0.9423

b-2. Coefficient of determination = r^2 = 88.80%

b-3. The negative correlation coefficient of -0.9423 implies that increase in X mostly causes a decrease in Y. The coefficient of determination implies that 88.80% variation in Y is explained by X.

c. The manufacturing cost per gallon is $823.56.

Explanation:

Note: See the attached excel file for the calculation of Mean of X and Y and other values.

a. Develop a regression equation to forecast the cost per gallon as a function of the number of gallons produced.

The regression can be written as follows:

Y = bo + b1X ………………… (1)

b1 = (Sum of (Y - Mean of Y) * (X - Mean of X)) / (Sum of (X - Mean of X)^2) = –34,273.08 / 121,585.14 = –0.2819

b0 = Mean of Y – (b1 * Mean of X) = 1,018.20 - (365.44 * 0.2819) = 915.18

Substituting b) and b1 values into equation (1), regression equation to forecast the cost per gallon as a function of the number of gallons produced can be written as follows:

Y = 915.18 – 0.2819X ……………………….. (2)

Equation (2) is the regression equation required.

b. What are the correlation coefficient and the coefficient of determination? Comment on your regression equation in light of these measures.

b-1. Correlation coefficient (r) can be calculated using the following formula:

r = (Sum of (Y - Mean of Y) * (X - Mean of X)) / ((Sum of (Y - Mean of Y)^2) * (Sum of (X - Mean of X)^2))^0.5 = –34,273.08 / (10,879.60 * 121,585.14)^0.5 = –0.9423

b-2. Coefficient of determination = r^2 = –0.94^2 = 0.8880, or 88.80%

b-3. The negative correlation coefficient of -0.9423 implies that increase in X mostly causes a decrease in Y. The coefficient of determination implies that 88.80% variation in Y is explained by X.

c. Suppose that the market survey indicates a demand of 325,000 gallons in the Bucyrus Ohio, area. Estimate the manufacturing cost per gallon for a plant producing 325,000 gallons per year.

Since X and Y are in thousands, 325,000 gallons implies we have:

X = 325

Substitute X = 325 into equation (2), we have:

Y = 915.18 - (0.2819 * 325)

Expressing in full form, we have:

Y = $823

Therefore, the manufacturing cost per gallon is $823.56.

Download xlsx

3 0

2 years ago

A jewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of ea

scZoUnD [109]

Answer:

Correct Statement is D

Explanation:

Provided information,

The Jewelry Store sells pair of earrings, where the discount is of 15% on the price of second pair.

This states that the consumer will always be willing to pay the cost of first pair in full, whenever the customer buys such pair, whether alone or with some additional pair.

Thus the willingness to pay for any pair after purchase of first pair of earrings will always be less than the cost of first pair, as the amount paid for first pair is $40 and that for second pair costing $40 but purchased for $34 as because there was discount on second pair.

In the given case John purchased the second pair because there was discount, else John has bought the same pair for $40.

Thus his willingness for second pair is always lower than the price of first pair.

Correct Statement is D

3 0

2 years ago

Ariana loves new electronic products, but she also wants to make sure she gets a good value for her money. Therefore, she typica

qwelly [4]

Answer:

This question lacks answers. Here they are:

A) Early adopter

B) Early majority

C) Innovator

D) Late majority

E) Laggard

Answer is B) Early majority

Explanation:

These are the adoption categories. They measure how inclined a customer is to adopting a new product or technology. Each category describes the main aim and goal of the customer when trying the new product.

Naturally, all categories are on the gradual scale:

Innovators -> Early adopter -> Early majority -> Late Majority - > Laggard

with the innovator being the group that is adopting the product immediately after launch, while the laggard is very change-resistant, rarely making choices regarding the adoption of something new.

The thinnest line is probably the difference between early adopters and the early majority. Early adopters are not as fast as innovators when it comes to product adopting and they are often doing it because of coolness or the "wow" factor of the product. Although the time of adoption for the early majority is the same or a little bit longer than early adopters, the key difference is that the early majority puts functionality over coolness when something is new and ready for adoption.

In this example, Ariana want to receive great functionalities for the given money, so she turns to ratings, reviews and recommendations from early adopters and innovators (Eric). Eventually, when it is determined that the product proves its value, the early majority adopts it.

8 0

2 years ago