a sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 36,000 pairs in the second quarter of the upcoming year. each pair of boots requires 2 kilograms (kg) of a key raw material. the company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. beginning inventory for this material is 18,000 kg and the cost per kg is $10. what is the budgeted materials purchases cost for the first quarter? multiple choice $900,000. $864,000. $720,000. $936,000. $1,080,000.

Answers

Answer 1

Option (a), The first quarter's estimated material need in kilograms is 90,000 kilograms.

Why is a materials budget crucial?

Material budgeting is the process of establishing a material or buy budget that details the quantity and financial worth of the materials that must be purchased within a specific time range. It aids in estimating material prices over time in addition to examining the material requirements.

Procurement professionals use a direct materials budget to estimate how much raw material they must buy within a given time frame in order to meet a production budget. Direct material spending is seen as essential since it can affect supply chains, customer sales, and ultimately the top and bottom lines of a firm.

To calculate the budgeted material needed in the first quarter, we must first determine the consumption of the first and second quarters independently in order to reach a conclusion.

The consumption of first quarter = Budgeted production × required kg

                                                  = 45,000 × 2

                                                  = 90,000 kg

The consumption of second quarter = Budgeted production × required kg:

                                                  = 36,000 × 2

                                                  = 72,000 kg

The ending raw material inventory = 20% of second quarter

                                                     = 20% × 72,000 kg

                                                     = 14,400 kg

Now enter the formula to determine the cost of the purchase. The following is the formula:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

Therefore, 90,000 kg will be purchased.

Cost per kg is meaningless because the amount was stated in kilograms.

Consequently, the first quarter's budgeted material requirement is 90,000 kg.

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Related Questions

If production involves constant opportunity cost, the production possibilities curve :A. Is "bowed inward."B. Is a straight line.C. Is "bowed outward."D. Is a wavy line.E. Has an unpredictable shape.

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If production involves constant opportunity cost, the production possibilities curve Is a straight line.

If the opportunity cost is constant, what happens?

When you produce more of one good while maintaining the same opportunity cost, this is known as constant opportunity cost.

                             This shows that the resources are easily transferable from the production of one good to the creation of another good.

What does a constant opportunity cost curve mean?

When the opportunity cost of a good stays constant as output of the good rises, which is shown as a PPC curve that is straight, for instance, if Colin consistently forgoes generating 2 fidget spinners every time he creates a Pokemon card, he has constant opportunity costs.

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capital flight a. decreases a country's net exports and increases its long-run growth path. b. increases a country's net exports and decreases its long-run growth path. c. increases a country's net exports and increases its long-run growth path. d. decreases a country's net exports and decreases its long-run growth path.

Answers

The correct answer is C. capital flight increases a country's net exports and increases its long-run growth path.

Capital flight, in economics, takes place whilst property or cash unexpectedly drifts out of a rustic, due to an occasion of economic consequence or as the result of a political occasion including regime change or monetary globalization. Such events might be a boom in taxes on capital or capital holders or the government of the usa defaulting on its debt that disturbs investors and causes them to lower their valuation of the belongings in that usa, or in any other case to lose self-belief in its monetary electricity.

This ends in a disappearance of wealth and is generally followed by a sharp drop within the exchange price of the affected us of a—depreciation in a variable change rate regime, or a compelled devaluation in a set change rate regime. this fall is particularly unfavorable when the capital belongs to the humans of the affected u. s . because no longer most effective are the citizens now stressed by means of the loss in the financial system and devaluation in their forex however their property has misplaced a lot in their nominal value. This leads to dramatic decreases in the purchasing power of us of a's assets and makes it an increasing number steeply-priced to import goods and gather any shape of overseas centers, e.g. clinical facilities.

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a 30-year fully amortizing mortgage loan was made 10 years ago for $93,000 at 6 percent interest. the borrower would like to prepay the mortgage balance by $13,600. required: a. assuming he can reduce his monthly mortgage payments, what is the new mortgage payment? b. assuming the loan maturity is shortened and using the original monthly payments, what is the new loan maturity?

Answers

To calculate the new mortgage payment or the new loan maturity, we need to use the formula for calculating mortgage payments is the new loan maturity is 288 payments, or 24 years.

The formula for calculating the monthly mortgage payment (P) is as follows:

P = (L[r(1 + r)^n] / [(1 + r)^n - 1])

where L is the loan amount, r is the monthly interest rate (calculated as the annual interest rate divided by 12), and n is the number of payments.

a. Assuming the borrower can reduce his monthly mortgage payments:

Let's first calculate the original monthly payment:

L = $93,000

r = 6% / 12 = 0.005

n = 30 years x 12 months/year = 360

P = (L[r(1 + r)^n] / [(1 + r)^n - 1]) = (93,000 [0.005(1 + 0.005)^360] / [(1 + 0.005)^360 - 1]) = $630.16

Now, let's subtract the prepayment of $13,600 from the loan balance to get the new loan balance:

L = $93,000 - $13,600 = $79,400

And, let's calculate the new monthly payment:

P = (L[r(1 + r)^n] / [(1 + r)^n - 1]) = (79,400 [0.005(1 + 0.005)^360] / [(1 + 0.005)^360 - 1]) = $532.22

So, the new monthly mortgage payment is $532.22.

b. Assuming the loan maturity is shortened and using the original monthly payments:

To find the new loan maturity, we need to find the number of payments (n) for the new loan balance ($79,400) and the original monthly payment ($630.16).

The formula for n can be rearranged as follows:

n = log[(P / (P - rL))] / log(1 + r)

where log is the natural logarithm.

Using this formula, we can find the new loan maturity as follows:

n = log[(630.16 / (630.16 - 0.005 * 79,400))] / log(1 + 0.005) = log[(630.16 / 534.16)] / log(1.005)

Then n = 288.62, which represents the number of payments in years. Rounding down to the nearest whole number, the new loan maturity is 288 payments, or 24 years.

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. what will your monthly payments be? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what is the effective annual rate on this loan? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

a. The monthly payments on the loan will be $235.63.

This can be calculated by using the formula for monthly payments on a loan: Monthly Payment = Loan Amount x (Interest Rate / (1 - (1 + Interest Rate)^-n))

What is loan?

A loan is an amount of money that is borrowed from a lender and is then paid back with interest over an agreed period of time. It can be used to cover a range of expenses, from home improvement to medical bills, and is often secured against an asset such as a car or property.

where Loan Amount is $3,000, Interest Rate is 5.25%, and n is the number of payments, which in this case is 60.

Plugging these numbers into the formula gives us:

Monthly Payment = $3,000 x (0.0525 / (1 - (1 + 0.0525)^-60))

Monthly Payment = $3,000 x (0.0525 / 0.5116)

Monthly Payment = $3,000 x 0.1035

Monthly Payment = $235.63

b. The effective annual rate on this loan is 5.64%.

This can be calculated by using the formula for effective annual rate:

Effective Annual Rate = (1 + (Interest Rate / n))^n - 1

where Interest Rate is 5.25%, and n is the number of payments, which in this case is 60.

Plugging these numbers into the formula gives us:

Effective Annual Rate = (1 + (0.0525 / 60))^60 - 1

Effective Annual Rate = (1 + 0.000875)^60 - 1

Effective Annual Rate = 1.05636 - 1

Effective Annual Rate = 0.05636

Effective Annual Rate = 5.64% (rounded to 2 decimal places)

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what two outcomes result from effective market segmentation?

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Two effects of effective market segmentation are the identification of particular marketing mix actions and the creation of meaningful groupings.

What is segmentation with example?

Segmentation is used to focus marketing efforts on the customers that fit your ideal client profile (ICP), or those who are most likely to purchase your good or service. For instance, a consumer at such an organic food store is probably going to have some, if not all, of the following traits: either a man or a woman. Age: 25-44. Earnings: $100,000.

What is segmentation used for?

By segmenting your audience, you may more effectively target a client or prospective based on their individual requirements and preferences. You can better discover your most valuable consumer categories through segmentation. By concentrating your marketing efforts on your most likely customers, you can increase your return on investment.

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which of the following does not represent a reason that the pizza business is a new opportunity for entrepreneurs? multiple choice as pizza continues to rise in popularity, entrepreneurs can open more stores. customer preferences are changing, thus entrepreneurs can try to create products to meet those preferences. pizza is traditionally a noon and evening meal; entrepreneurs can also try to capture the breakfast market. pizza is traditionally perceived as unhealthy; entrepreneurs can change that perception by making healthy pizza. casual dining chains are growing in popularity and can rely on pizza to be a profitable item on the menu.

Answers

Entrepreneurs can shift public image by creating healthier pizza, which is now viewed as being unhealthy.

Make a whole-grain crust for it. Utilize milder cheeses. Eat lots of vegetables.

Consider Your Servings. Pick healthier toppings. opt for leaner meats. Include in the salad. Place homemade sauce on top.

Pizza can be an excellent source of nutrients if it is produced at home without all the preservatives and industrialized components rich in fat and salt, as long as it is not consumed late at night.

Additionally, a heavy dinner (like pizza) may be to blame for your slow digestion and sleep issues, says Dr. Bravo.

Therefore, ordering pizza during noon and ordering it at night are two different things.

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which of the following is not an example of secondary market research? a. experian b. bureau of labor statistics c. ibis business data d. online survey e. u.s. census data

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Option (D), An example of secondary market research is not an online survey.

What separates primary from secondary market research is market research?

When you undertake primary market research, you get the data yourself. Typically, you do this by conducting surveys or interviews with people who suit your target market. The data utilized in secondary research is already available and can be found in books, online, and other forms of media.

Are internet surveys considered primary research?

Thus, surveys are a subset of primary quantitative research. Consumer replies are created and recorded using a survey's pre-determined list of questions.

Secondary research is the process of using data that has already been collected, processed, and published by another individual. Governmental organizations, trade organisations, and other companies in your field have done studies and produced publications.

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which groups are parts of the task environment? (choose every correct answer.) multiple select question. government regulators local communities distributors strategic allies owners board of directors

Answers

The groups that are parts of task environment of the businesses are Strategic allies, Distributors, Government regulators, Local communities.

What is a task environment?

The task environment includes all factors that are external to the business but can have an impact on its operation. The internal and external environments in which businesses operate are critical.

The task environment is the external environment that influences an organization's ability to achieve its goals. To describe the task environment, the terms "customers," "official rules," "businesses," "rivals," "vested interests," and "distributors" are used. These external factors influence how the company manufactures, advertises, offers, transports, and uses its goods and services.

Therefore, government regulators local communities distributors strategic allies are parts of task environment.

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fortune company's direct materials budget shows the following cost of materials to be purchased for the coming three months: january february march material purchases $ 12,280 $ 14,390 $ 11,210 payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the december accounts payable balance is $6,400. the expected january 31 accounts payable balance is: multiple choice $6,400. $7,195. $12,280. $6,140. $9,340.

Answers

Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the December accounts payable balance is $6,400. the expected January 31 accounts payable balance is: $6140

Accounts payable, sometimes referred to as AP, is the term used to describe money owing to suppliers or third-party vendors for goods or services that have been received but have not yet been paid for. The entire sum still owed to the company's numerous suppliers and business partners is shown as the "accounts payable" balance on the balance sheet.

The amount owing by a company to its suppliers is known as the accounts payable obligation on the balance sheet of the company.

On the other hand, notes payable liabilities are obligations that are created by formal legal document documents. Notes payable liabilities are not included in this kind of liability.

Calculation of the accounts payable balance on January 31:

= Purchasing of materials in the month of January * Due for payment the next month

= 12280 * 50%

= $ 6140

So, the accounts payable balance on January 31: $ 6140.

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creating the proper mix of product/service, price, promotion, and distribution (placement) for a market begins with:

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Creating the right mix of products/services, pricing, promotions, and distribution (placement) for your market starts with: An incentive for a majority of the target market to purchase the company's goods and services.

A marketing mix is ​​the set of controllable, tactical marketing tools a company uses to get the desired response in its target market. A market that starts with  Creating the right mix of products/services, pricing, promotions, and distribution for your market starts with: Select a market segment as a company's target. Managers must be objective, accurate and timely in order to formulate appropriate strategies for decision making. information. Marketing mix description) The 4 P's are product, price, location and promotion.

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Candace just accepted her first job paying a $48,000 salary and is planning to take a $5,000 vacation cruise throughout Europe for 2 weeks. She is debating whether to take the trip now and finance it with a promotion from the travel company offering no payments for a year at a monthly periodic rate of 1%, or wait the year and save to pay for the trip. If she takes the trip now she will start her career 2 weeks late. Approximately how much would she save by waiting a year and not taking her unpaid time from work to travel?
a. $2,480.
b. $634.
c. $1,557.
d. $600.

Answers

Candace would save $1557 by waiting year and not taking her unpaid time from work.

What is unpaid time?

Unpaid time is time that an employee takes off from work but is not compensated for. This can include vacation days, personal days, or time off for reasons including work illness or family issues. Employees who take unpaid time may be entitled for other benefits such as paid time off (PTO) or sick leave, but they are not compensated for the time they are gone from work. Employers may mandate employees to take unpaid time off for a variety of reasons, such as financial restrictions, or they may provide it as an alternative for employees who have exhausted their paid time off. Employees' financial situations might suffer as a result of unpaid time since they lose money.

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if a 5 percent reduction in the price of a commodity results in a 3 percent increase in the quantity demanded, demand is said to be

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If a 5 percent reduction in the price of a commodity causes a 3 percent increase in the quantity demanded, demand is said to be elastic.

Demand elasticity refers to the responsiveness of the quantity demanded of a good or service to changes in its price. If a 5 percent reduction in the price of a commodity results in a 3 percent increase in the quantity demanded, demand is considered to be elastic. This means that consumers are highly responsive to changes in price, and a small change in price results in a significant change in the quantity demanded.

Elastic demand is generally seen as a favorable characteristic for businesses, as it indicates that consumers are willing to purchase more of the product at a lower price. It can also be used to determine pricing strategies and help companies maximize profits.

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assume that there are no liquidity premiums. you just bought a 15-year maturity xerox corporate bond rated aa with a zero percent coupon. you expect to sell the bond in eight years. find the expected interest rate at the time of sale.

Answers

The expected interest rate at the time of sale of the  15-year maturity Xerox corporate bond rated aa with a zero percent coupon is 12.49 percent.

What is a corporate bond?

A corporate bond is a bond issued by a corporation to raise funds for a variety of purposes such as ongoing operations, M&A, or business expansion. Longer-term debt instruments with a maturity of at least one year are typically referred to by the term.

Corporate bonds are frequently regarded as the "yin" to stocks' "yang," and are an important component of any diversified portfolio. Corporate bonds are more diverse, liquid, and have lower volatility than stocks, but they also provide lower long-term returns and are subject to credit and interest rate risk.

Therefore, 12.49% is the expected interest rate.

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differences in scientific judgment between economists are similar to all of the following except a.doctors debating which antibiotic is appropriate for a particular infection. b.physicists debating how much friction is caused by salt on the roads. c.meteorologists debating how much snow fall we will get in the upcoming blizzard. d.two biologists arguing about the fairness of health insurance premiums.

Answers

Answer:

Two biologists arguing about the fairness of health insurance premiums.

Explanation:

Economists often appear to give conflicting advice to policymakers. The two basic reasons for this are differences in scientific judgments and differences in values. Differences in scientific judgment come about when different positive views about an outcome cause economists to form different normative viewpoints. However, differences in values also play a role in explaining why different public policies are encouraged. In this case, two biologists arguing about the fairness of health insurance premiums most resembles differences in values rather than in scientific judgment

Two biologists disagree over whether health insurance prices are just. There are similar differences in scientific opinion among all economists.

Of the options below, which one best describes a market economy?

The majority of both the soil, labor, and capital are owned by individuals, which is a key feature of a market economy. In other economic systems, the power is held by the government or the rulers.

What eight traits define a market economy?

These aspects of the market system—private property, entrepreneurial freedom, the position of personality, competition, markets and pricing, reliance on capital goods and technology, specialization, usage of money, and an active but constrained role for government—are briefly explained.

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buying firms prefer a transactional relationship when: a. the complexity of the purchase is high. b. there is a competitive supply market featuring many alternatives. c. the supply market is stable. d. all of the answer choices e. both there is a competitive supply market featuring many alternatives and the supply market is stable

Answers

Correct answer is option E. buying firms prefer a transactional relationship when both there is a competitive supply market featuring many alternatives and the supply market is stable.

The definition of a transactional relationship is a business-like approach to a relationship in which each person in the relationship has distinct responsibilities and rewards.

These obligations will describe what each person is obligated to contribute, in addition to the rewards that each will (or expects to) receive as a consequence of their efforts.

Comfort and pre-determined quid pro quo are characteristic features of transactional relationships, which means an accord about a tradeoff is made prior to beginning an official business relationship.

Furthermore, people in transactional relationships are generally clear about the benefits they will derive from the connection as well as what is just being expected of them; expectations are clearly conveyed, sometimes before the relationship begins.

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d. xavier contributed $15,000 in cash plus office furniture valued at $9,000 to the fx partnership. the journal entry to record the transaction for this newly formed partnership is .

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The journal entry to record the transaction for this newly formed partnership is:

Debit Cash                                          $15,000

Debit Office Furniture                       $9,000

               Credit Xavier, Capital                                       $24,000

Journal entry is the act of making records of transactions either non-economic or economic. Transaction records in an accounting journal that has two sides, debit and credit. A partnership is a condition where two or more people or companies share ownership over a company or business. Sharing ownership here means that they also share responsibility, income, and losses the business generates.

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a 7-year municipal bond yields 4.80%. your marginal tax rate (including state and federal taxes) is 32.00%. what interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return? (round your final answer to two decimal places.) a. 7.06% b. 6.00% c. 8.68% d. 8.19% e. 6.28%

Answers

The interest rate on the 7-year corporate bond that would provide you with the same after-tax return as the 7-year municipal bond is 6.28%.

Therefore the answer is (e) 6.28%.

To calculate the interest rate on a 7-year corporate bond that would provide you with the same after-tax return as the 7-year municipal bond, you would need to use the formula using municipal bond interest rate:

Effective Corporate Interest Rate = (1 - Tax Rate) * Municipal Bond Interest Rate

Plugging in the values:

Effective Corporate Interest Rate = (1 - 0.32) * 4.80%

Effective Corporate Interest Rate = 6.28%

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opportunity costs are a large factor in individual decision-making. please sort the statements according to whether or not they have an opportunity cost.
Does not have an opportunity cost :
Has an opportunity cost :
Answer Bank:
Having a "lazy afternoon"
Working an 8 hour shift
Cooking dinner
Eating out
Reading you favorite book
Catching up with an old friend

Answers

In this following question, Possesses no opportunity cost: Having a "lazy afternoon"

What is opportunity cost?

The price of one opportunity compared to the advantages of another chance lost is known as the opportunity cost. It stands for the price of the best alternative option that must be foregone in order to follow a specific course of action or decision.

Opportunity cost can be quantified in terms of money or as a lost opportunity, such as the difference between the time spent on one activity and the time that could have been spent on another. By taking into account the possible costs and advantages of each choice, this idea aids people and organisations in weighing the trade-offs of many possibilities and making educated decisions. For effective resource allocation and decision-making, opportunity cost is a crucial instrument.

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the official unemployment rate: a involves people over 16 years of age who are not currently seeking employment. b is the ratio of unemployed to employed workers. c is the percentage of the labor force that is unemployed. d is the percentage of the total population that is not working.

Answers

The official unemployment rate is c is the percentage of the labor force that is unemployed. The official unemployment rate also means that unemployed workers divided by the labor force then multiplied by 100.

In the term of economic, based on Organization for Economic Co-operation and Development, unemployment generally can be defined as a people above a specified age not being in paid employment. Unemployment also can be defined as self-employment but currently available for work during the reference period. Unemployment rate is a formula to calculate the unemployment. Unemployment rate is the number of people who are unemployed as a percentage of the labor force.

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if a manager elected to give an exceptional spot bonus to an employee for exemplary behavior, this be driven more by which ethical principle?

Answers

Based on Douglas McGregor's Theory the goal of the rewards and penalties is to encourage the workers.

We must first establish that businesses should operate under predetermined rules or principles, particularly when it comes to morality and proper conduct at work.

Second, we must recognise that every action we take has a reward or a repercussion. especially in settings where workers are under continual observation.

Now, based on Douglas McGregor's Theory X of management, which essentially holds that because employees are unmotivated and unwilling to work, they must continuously be reminded, rewarded, or punished in order to ensure that they do their jobs, The goal of the rewards and penalties is to encourage the workers to good conduct in workplace.

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your organization has expanded into an adjacent office. you have been tasked with laying cables to connect the new space with the existing space. which document should you look at to ensure that there will be no interference or damage to the cables from existing infrastructure?

Answers

To make sure that current infrastructure won't interfere with or harm the cables, you should look at the floor plan document.

How do you define organization?

Any community is a collection comprising individuals who collaborate together, such as a business, homeowners association, organization, or union. The word "organisation" can be utilized to refer to an individual, a team, a business, or the development of anything.

What is organization and example?

The structured gathering of people, such as a company, nonprofit, political party, or club, is known as an organisation. According to a World Organized Labor research, the bulk of these speciality schools are managed by nonprofit organisations. Synonyms include group, company, party, or body.

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what is the duration of a two-year bond that pays an annual coupon of 10.6 percent and has a current yield to maturity of 12.9 percent? use $1,000 as the face value.

Answers

This indicates that the bond is extremely liquid on the secondary market once the transfer agents at the bank medallion stamp it.

In the world of finance, a bond is a representation of the issuer's debt to the holders. Municipal and corporate bonds are the two most popular types of bonds. In private investing, where an individual would lend money to a business or the government, bonds can be found in mutual funds or other private investments. The bond is a debt security, meaning the issuer owes the holders a debt and is obligated to pay them interest (the coupon) or to repay the principal at a later point, known as the maturity date, depending on the bond's terms. Interest is often paid at predetermined intervals. The bond is frequently negotiable, meaning that ownership of the security can be transferred in second-hand market.

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when revenue is credited, the possible three debits are , accounts , and/or revenue.

Answers

When revenue is credited, the possible three debits are bank account, cash accounts, and/or revenue account.

What does it mean when revenue is credited?

In accounting, when revenue is credited, it means that the revenue account is being increased. This is typically recorded as a debit to an asset or liability account and a credit to the revenue account. The specific accounts that are debited and credited depend on the nature of the transaction and the accounting system used by the company.

For example, if a company sells goods, the sale would typically be recorded as a debit to the accounts receivable account and a credit to the revenue account. The accounts receivable account represents the amount owed to the company by its customers, while the revenue account represents the increase in the company's total revenue.

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robert company's 2021 balance sheet reported net fixed assets of $12,126,200 and accumulated depreciation of ($2,247,760 ). robert company's 2021 balance sheet reported net fixed assets of $14,022,400 and accumulated depreciation of ($5,056,780 ). what was the change in gross fixed assets for robert company between 2020 and 2021?

Answers

The overall sales increase over the previous year was $9,12,820.

Static Assets

Fixed assets, sometimes referred to as long-lived assets, physical assets, property, plant, and equipment, are a term used in accounting to represent assets and property that cannot be readily converted into cash. Liquid assets, or current assets, such as cash or bank accounts, can be contrasted with this.

Step 1: Determine the 2021 total sales:

Fixed-asset turnover ratio (FAT) = Net fixed assets Total sales

= $12,126,200 - $2,247,760

= $98,78,440

Step 2: Determine the growth in net fixed assets from the previous year.

The rise in net fixed assets year over year:

Net fixed assets in 2021 - Net fixed assets in 2020

= $14,022,400 - $5,056,780

= $89,65,620

Step 3: Determine the growth in overall sales from the previous year.

Total sales increased year over year:

2021 total sales - 2020 total sales

= $98,78,440 - $89,65,620

= $9,12,820

Consequently, $9,12,820 is the increase in total sales over the previous year.

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consider the following account balances of the shattuck law firm at the end of the year: accounts payable $ 4,400 salaries expense 12,800 cash 1,700 common stock 2,400 service revenue 8,300 supplies 4,300 retained earnings 1,100 utilities expense 5,000 how many of these accounts would appear in shattuck's year-end balance sheet? multiple choice four three five two

Answers

These accounts would show up in Shattuck's year-end balance sheet: salaries expense, utilities expense, and service revenue. Cash earned and costs are the sole items on an income statement.

Which financial statement depicts a company's revenues and expenses over a specific time period?

An income statement, a type of financial statement, details the profits and losses of a business. It also shows the overall profit or loss a company has experienced over a given period of time. Combining the income statement with balance sheet, cash flow statement, plus cash flow prediction may help you gain a better picture of the financial health of your organization.

A balance sheet displays the assets and liabilities of a company as of a particular date. It can be prepared quarterly or semi-annually, although it's most frequently done at the end of the fiscal year.

Balances between assets and liabilities must be equal. All sources of revenue and expenses are included in the profit and loss statement. Net profit/loss is computed using the profit and loss account. The assets and liabilities that are carried over to the following year are shown on the balance sheet.

The following accounts are listed on the balance sheet:

Accounts payable are a current liabilities of $4,400.Cash $1,700 since it is a current assetThe balance sheet shows a liability of $2,400 in ordinary stock.Supplies $4,300 because it is a current asset.Retained earnings of $1,000 are included in the liabilities section of equity on the balance sheet.The income statement includes charges for goods and services acquired, wages paid, and utilities consumed.

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which section of an issp should outline a specific methodology for the review and modification of the issp? question 19 options: policy review and modification limitations of liability systems management statement of purpose

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anything you want it to be

reliance corporation sold 4,100 units of its product at a price of $16 per unit. total variable cost per unit is $9.00, consisting of $8.35 in variable production cost and $0.65 in variable selling and administrative cost. compute the contribution margin for the company. multiple choice $28,700 $36,900 $65,600 $34,235 $39,565

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The contribution margin would be equal to the sales revenue of $16 per unit multiplied by the number of units sold, which is 4,100 units, minus the total variable cost per unit of $9.00 multiplied by the number of units sold, which is 4,100 units.

What is revenue?

Revenue is the money a business or organization earns from selling goods and services or from investments. It is the total amount of income generated from the sale of goods, services, or assets. It is the main source of income for most companies and is typically the first item on a company's income statement. Revenue is important for a company because it is the measure of the company's profitability, as it is the total amount of money that the business has made from its operations. Revenue helps companies to manage their costs, analyze their performance, and make decisions about investments and growth.

This calculation is as follows:

Contribution margin = (16 x 4,100) - (9 x 4,100)

Contribution margin = $65,600 - $36,900

Contribution margin = $28,700

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what is the correct sequence of stages that businesses follow as they develop their e-commerce presence on the internet is?

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The typical sequence of stages that businesses follow as they develop their e-commerce presence on the internet are: Planning ,Building the website, Adding products, Marketing,Testing and Optimization and Maintenance.

1) Planning: Identifying the target market, defining the business goals and objectives, researching the competition, and creating a roadmap for the development of the e-commerce platform.

2) Building the website: Creating the website design, developing the website architecture, and setting up the website functionality.

3) Adding products: Uploading product descriptions, images, and prices to the website, and integrating the payment gateway.

4) Marketing: Launching a marketing campaign to drive traffic to the website and to promote the brand and products.

5) Testing and Optimization: Testing the website functionality, analyzing website traffic and sales data, and making ongoing optimizations to improve the user experience and increase conversion rates.

6) Maintenance: Continuously updating the website content, fixing any technical issues, and providing customer support.

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producers' total revenue will increase if question content area bottom part 1 a. income increases and the good is an inferior good. b. the price rises and demand is inelastic. c. income falls and the good is a normal good. d. the price rises and demand is elastic.

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Producers' total revenue will increase if the price rises and demand is elastic. The correct option is D.

The total revenue is the revenue which is generated by the company through selling their products and services to the customer, clients, stock to stockholder, brokerage and so on. The total revenue include total money of sales.

The total revenue include the rent revenue, dividend revenue, interest revenue and the contra revenue. If the total revenue increases then the demand of elastic is decrease and the demand is inelastic. Producers' total revenue will increase if the price rises and demand is elastic.

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Which financial statement reports the amounts of cash that the firm generated and distributed during a particular time period?
Correct Answer
a​.Income statement
b.Correct Answer
c.​statement of retained earnings
d. Correct Answer

Answers

One of the most important financial statements, the income statement shows profits and losses over a period of time. After deducting all costs related to operational and non-operational activities, the profit or loss is calculated. Variant A is therefore correct.

What is the income statement on the balance sheet?

The primary subject of the income statement is the income and charges that accrue to a company over time. The rate of return generates a profit known as net income for the business after expenses are deducted from revenue. Therefore, the income statement highlights the amount of cash that the company has earned and distributed in a given period.

You can see your business income and expenses on the income statement, which is a cash flow statement.

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