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vfiekz [6]
1 year ago
6

Management anticipates fixed costs of $74,300 and variable costs equal to 34% of sales. What will pretax income equal if sales a

re $343,000?
Business
1 answer:
Temka [501]1 year ago
5 0

Answer:

pretax income is $152080

Explanation:

given data

fixed costs = $74300

variable costs = 34%

sales = $343000

to find out

pretax income

solution

we know that pretax income formula is

pretax income = sales - variable costs -  fixed costs

put all these value

pretax income = 343000 - 34% of 343000 -  74300

pretax income = 343000 - 116620 -  74300

pretax income = 152080

so pretax income is $152080

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Space travel is expensive! For their trip to the Moon, the Apollo astronauts' living quarters were only 213 cubic feet (that's s
RSB [31]

Answer:

5341288

Explanation:

Data provided in the question:

Volume of the living quarters = 213 cubic feet

Now,

The dimensions of the US dollar bills are

width = 2.61 inches

Length = 6.14 inches

Thickness = 0.0043 inches

Thus,

Volume of a single dollar bill = 2.61 × 6.14 × 0.0043

= 0.06890922 cubic inches

Also,

Volume of quarter in cubic inches = 213 × 12³  

[ ∵ 1 ft = 12 inches  ; 1 ft³ = 12³ cubic inches]

Thus,

Volume of quarter in cubic inches = 368064 cubic inches.

Thus,

Number of dollar bills that can fit in there

= [ Volume of quarter in cubic inches ] ÷ Volume of a single dollar bill

= 368064 ÷ 0.06890922

= 5341288.15 ≈ 5341288

8 0
2 years ago
On November​ 1, 2018, Arch Services issued $ 337 comma 000 of eight minus year bonds with a stated rate of 15​% at par. Interest
azamat

Answer:

Interest expense to be recorded on Dec 31 2018= $8425

Explanation:

Lets first understand what adjusting entry is? Adjusting entries are entries passed at the reporting date in order to comply to the accruals concept of accounting. Accruals concept requires entities to record revenue and expenses in the period that they occur and should not wait until they are received or paid respectively. Revenues and expenses should be matched for the period and recorded.

Now that we have understood adjusting entry, lets calculate interest expense that should be recorded on December 31 2018. So Arch Services records interest payment on a semi-annul basis (i.e every 6 months). Now the bonds are issued on November (i.e two months to the reporting date), considering the accruals concept Arch Services will have to record interest for two months.

The interest expense is calculated as follows:

Annual Interest= $337000×15%

Annual Interest= $50550

Lets convert it into monthly basis as follows:

Monthly interest expense= $4212.5

Interest for two months would be = $4212.5×2

Interest expense to be recorded on Dec 31 2018= $8425

8 0
1 year ago
Orange Co. is a manufacturer and Pineapple Company is a merchandiser. What is the difference in the budgets the two entities wil
Irina-Kira [14]

Answer:

Orange Co.'s budget will include the cost of production, which is made up of raw materials, direct labor, and manufacturing overhead.  The above cost of production and the accompanying items will not be found in the budget of Pineapple Company.  The latter's budget will focus on purchase of goods for sale (instead of raw materials) and inventories of finished goods (instead of raw materials and work in process).  Orange Co. determines its product cost per unit from the cost of production divided by the quantity produced.  Pineapple Company's product cost is based on the purchase price of goods, which includes the manufacturer's profit.

Explanation:

The operations and accounting for the cost of production of Orange Co. will be different from Pineapple Company's.  The difference is a reflection of their statuses as manufacturer and merchandiser respectively.  Orange Co. manufactures and sells goods while Pineapple Company sell manufactured goods.

8 0
2 years ago
Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you
Ray Of Light [21]

Answer:

Yes. I agree

Explanation:

Due to a fall in barriers to international trade, <u>companies in wealthy advanced economies now find it easier to move their manufacturing activities to other countries</u> with lower labor rates so that they can reduce their manufacturing costs.

This move means that manufacturing companies in the wealthy advanced economies have reduced job opportunities and as such, workers in this industry will suffer.

7 0
2 years ago
Characteristics of evaluation do not include
Fed [463]

Characteristics of evaluation do not include : C. using techniques that measure results against established objectives.

In a research study the base are the objectives. Due to, this are the goals for your work. So, when you are evaluating something, you could never use a technique that meause the results against the stablished objectives. It is a nonsense way of evaluate.

Also, you should choose a correct method of evaluation in line to the objetive of your evaluation. Everything should be based on your objetives.

This question was answered base on "Principles for the evaluation of research " from Ghent University.

7 0
2 years ago
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