The financial statements of Burnaby Mountain Trading Company are shown below:
Income Statment 2020:
Sales $7,000,000
Cost of Goods Sold 5,000,000
Gross Profit $2,000,000
Selling and Administrative Expenses 1,700,000
EBIT $300,000
Interest Expense 50,000
Income before Tax $250,000
Taxes 100,000
Net Income $150,000
Burnaby Mountain Trading Company Comparative Balance Sheets:
2020 2019
Cash $90,000 $80,000
Accounts Receivable 810,000 800,000
Inventory 800,000 720,000
Total Current Assets $1,700,000 $1,600,000
Fixed Assets 2,600,000 2,400,000
Total Assets $4,300,000 $4,000,000
Accounts Payable $500,000 $400,000
Bank Loans 100,000 100,000
Total Current Liabilities $600,000 $500,000
Long-term Bonds 400,000 300,000
Total Liabilities $1,000,000 $800,000
Common Stock (200,000) shares 500,000 500,000
Retained Earnings 2,800,000 2,700,000
Total Equity $3,300,000 $3,200,000
Total Liabilities and Equity $4,300,000 $4,000,000
Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's return-on-sales ratio for 2020 is:

Answers

Answer 1

The firm's return-on-sales ratio for 2020 is 2.14%.

The firm's return-on-sales (ROS) ratio for 2020 can be calculated by dividing the net income by the sales revenue and multiplying by 100 to express it as a percentage.

Return-on-sales ratio = (Net Income / Sales) * 100

Using the information provided:

Net Income = $150,000

Sales = $7,000,000

Return-on-sales ratio = ($150,000 / $7,000,000) * 100 = 2.14%

The return-on-sales ratio, also known as the profit margin, measures the percentage of each dollar of sales revenue that is converted into net income. It indicates the profitability of a company's operations. In this case, the ratio of 2.14% implies that Burnaby Mountain Trading Company generated a net income of 2.14 cents for every dollar of sales revenue.

A low return-on-sales ratio may indicate lower profitability and efficiency in converting sales into profits. It could be a result of high costs of goods sold, excessive operating expenses, or pricing strategies that yield lower profit margins.

It is important to compare the return-on-sales ratio to industry benchmarks and historical performance to evaluate the company's profitability and identify areas for improvement. Additionally, analyzing the trend of the ratio over multiple years can provide insights into the company's overall financial performance and its ability to generate profits from sales.

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Related Questions

How many francs is the tariff (“protecting duty”) that is added to a product that ends with a product that is priced 40 francs in paris?

How many francs is the tariff (protecting duty) that is added to a product that ends with a product that

Answers

Answer:

25

Explanation:

Using the interview as the only way to select people for jobs in
organisations may no longer be enough. Human resource managers
should also make use of personality tests so as to ensure that
there is

Answers

Using the interview as the only way to select people for jobs in organizations may no longer be enough. Human resource managers should also make use of personality tests so as to ensure that there is a good fit between the candidate and the job requirements.

What are Personality Tests? Personality tests are assessments used by human resource managers to determine whether a candidate possesses the traits and characteristics that are necessary to perform a job. These assessments are based on psychological theories and help managers to assess an individual's suitability for a role. They provide a scientific approach to recruitment, helping managers to determine whether a candidate is likely to be successful in the role and to identify any potential issues that may arise if they are hired.

Why Should HR Managers Use Personality Tests? Personality tests are an important tool for HR managers because they allow them to make more informed decisions when hiring new employees. By using these assessments, managers can gain insight into an individual's personality, behavior's and work style. This information can then be used to determine whether the candidate will fit into the company culture and work well with others. Personality tests can also help managers to identify any potential issues that may arise if a candidate is hired. For example, if a candidate is found to be overly aggressive or competitive, they may not be a good fit for a role that requires teamwork and collaboration. On the other hand, if a candidate is found to be introverted or shy, they may not be suited to a role that requires a high level of interaction with customers or clients. In conclusion, using personality tests along with the interview process can be a great way to ensure that a candidate is a good fit for the job and the company culture. However, it is important to ensure that these tests are administered correctly and that the results are interpreted by a trained professional.

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What is location analysis

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Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

Name the different university programme available in nepal and describe any two of them.​

Answers

Explanation:

A-level

International bachelor's degree

National Science colleges

Medical colleges

Engineering colleges

Management colleges

Hotel Management college

-Describe any 2 of them?

****International bachelor's degree

1.) Is a undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years.

****Hotel Management college

2.) In the context of Nepal, if you want to pursue your career in hotel management. an undergraduate course having a duration of 4 years with 8 semesters with a minimum fee structure.

You work for an Accounting firm which is auditing the books for a small medical clinic. You have been asked to select a sample of 25 invoices, using the Simple Random Sampling method, from the list in the file General Clinic Billings that is linked to this question. You can highlight or bold the invoices you have chosen for your sample in the Excel list you downloaded. You must show your work and any functions or formulas you use to earn any marks for this question.

Answers

Simple random sampling is a widely used method in statistics to select a subset of individuals or items from a larger population. To select a sample of 25 invoices, using the Simple Random Sampling method from the list in the file General Clinic Billings, we follow the below steps:

Step 1: Open the file and click on the “Data” tab.

Step 2: Select the “Data Analysis” tool from the analysis group.

Step 3: Choose “Random Sampling” from the drop-down menu.

Step 4: Select the input range, i.e., the range of cells containing the invoices' data.

Step 5: In the ‘Number of Samples’ box, enter the number of samples required, i.e., 25.

Step 6: In the ‘Output options’ box, select the destination where the random samples should be copied.

Step 7: Then, click “Ok” to generate a random sample of invoices.

Step 8: To highlight or bold the invoices chosen for the sample, select the cells containing the invoices and click on the “Fill color” option from the “Font” group in the “Home” tab.

We can choose any color we want. Below is the image of highlighted or bold invoices. Thus, we have selected a sample of 25 invoices, using the Simple Random Sampling method.

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bmw is increasing production capacity in its u.s. operations in order to be able to respond to growing demand for its brand. which best describes bmw’s u.s. operations?

Answers

By increasing production capacity in the U.S., BMW is engaging in d. Greenfield investment.

Greenfield investment:

Falls under Foreign Direct Investments Involves building more plants and facilities in a country to produce more

BMW is increasing its production capacity in the U.S. which means that it is engaging in greenfield investments because it is trying to produce more in the United States.

In conclusion, BMW is engaged in greenfield investment.

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Options for this question include:

a. acquisition

b. joint venture

 

c. licensing agreement

d. Greenfield investment

barter is the: a. system that does not depend on a coincidence of wants. b. exchange of goods, but not services. c. direct exchange of goods and services. d. system used in advanced economies.

Answers

The answer to your question is c. Barter is the direct exchange of goods and services without the use of money.

This means that individuals or businesses trade goods or services directly with each other, rather than using currency as a medium of exchange.

Bartering can occur between individuals or between businesses and is a system that does not depend on a coincidence of wants, meaning that both parties do not need to have an immediate desire for what the other is offering.

While bartering is typically associated with traditional or less developed economies, it can still be used in modern economies as a way to exchange goods and services without relying on money.

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Because of the __________ in forecasting the economy, many economists believe the Fed __________ take a very active role in trying to stabilize the economy.

Answers

Because of the uncertainty in forecasting the economy, many economists believe the Fed should take a very active role in trying to stabilize the economy.

The uncertainty in forecasting the economy stems from the fact that the economy is a complex system with numerous interacting factors that can be difficult to predict.

Economic forecasts are based on models that attempt to capture these interactions, but these models are necessarily simplifications and can be subject to errors and biases.

Given this uncertainty, many economists believe that the Federal Reserve (the "Fed"), the central bank of the United States, should take an active role in trying to stabilize the economy.

The Fed has a mandate to promote maximum employment and stable prices, and it has a range of tools at its disposal to try to achieve these goals.

By taking an active role in stabilizing the economy, the Fed can help to smooth out the ups and downs of the business cycle and mitigate the negative effects of recessions.

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According to the video, which qualities do Police Patrol Officers need? Select all that apply.

creativity
physical fitness
independence
patience
a loud voice
a gun license

According to the video, which qualities do Police Patrol Officers need? Select all that apply.creativityphysical

Answers

Answer:

Please can you post the video

Answer:

b-physical fitness d-patience  f-a gun license

Explanation:

hope this helps

1. Which of the following courses would be most helpful for a person wanting a career in
hospitality? Select the two correct answers.
marketing
visual arts
food service management
engineering is
computer science

Answers

Answer:

1.food service management

2.marketing

Explanation:

a cost that is jointly used or shared by several cost objects is

Answers

There are some expenses that cannot be linked to a specific cost object. Some production expenses have an impact on many products or steps. These expenses are known as joint costs.

Direct costs are those expenses that are simple to identify, fluctuate, and can be connected to the total volume of product generated. Examples include direct materials, direct labour, piece rate pay, etc.

In contrast to direct costs, which may be fixed or variable in nature, indirect costs are outlays that cannot be divided by the quantity of goods produced on a per-unit basis. Rent expenses and office overhead are two examples.

Follow these procedures to rapidly establish if payments are direct or indirect costs: Direct costs are those linked to the developing, creating, and launching of a product or service, whereas indirect costs are those linked to unrelated commodities or services.

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What is the informal economy? how many people in the world's economy work in "system d"? what are some of the advantages of the informal economy? what are some of the disadvantages of the informal economy? does the united states have an informal economy? why or why not?

Answers

Answer:

Depending where you look for information, informal economy can cover a lot of different jobs and industries. The informal economy doesn't pay taxes and it is excluded in the gross domestic product. Some organizations include other industries under the informal economy, specially those that are not regulated or adequately controlled by the government. This includes many people who are self-employed or even employees that perform unprotected jobs. E.g. companies that hire poor or illegal immigrant workers and pay them on a daily basis.

According to the International Labor Organization, more than 61% of the world's population works under informal economies.

Some advantages of informal economies are:

higher income resulting from not paying taxes (even on a personal level, if you are able to work and earn a living but do not pay taxes, your personal net income will be higher than if you actually paid taxes). a lot of people are part of it, that means large scale employment.

Informal economies tend to have serious disadvantages because the most powerful tend to abuse form the least powerful:

child labor or even forced labor unprotected jobs, e.g. no social security, no health care benefits, no safety at work, etc.

Approximately 11-12% of the US economy is considered informal, and that represents almost $2.5 trillion per year. Some normal activities are included in the informal economy although we never think about them as being out of the system, e.g. babysitting, landscaping and cleaning services, etc. Other informal activities are more obvious, e.g. prostitution, drug dealing, theft, etc.

Hartley​ electronics, inc. , in​ nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the​ owner, janet​ hartley, to reduce inventory by introducing a kanban system. After several hours of​ analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this​ connector?.

Answers

Hartley​ electronics, inc., in​ Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the​ owner, Janet​ Hartley, to reduce inventory by introducing a Kanban system. After several hours of​ analysis, you develop the following data for scanner connectors used in one work cell. 62.4kanbans need this connector.

What do you mean by Kanban?Kanban, which means "sign" in Japanese, is an inventory management technique used in just-in-time (JIT) manufacturing to monitor production and place orders for fresh shipments of components and materials.Taiichi Ohno, an industrial engineer at Toyota, created Kanban, which uses visual cues to motivate the activity required to maintain a process flow.Limiting the accumulation of surplus inventory at any stage along the manufacturing chain is one of the key objectives of Kanban.What are the four Kanban rules?Never distribute faulty goods.Take only what is necessary.Produce the precise amount needed.Production should be leveled, fine-tuned, stabilized, and rationalized.

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1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.


sum of all the country's businesses spending on capital

gross imports

consumer spending

sum of government spending

gross exports

2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.


consumer spending

gross imports

sum of all the country's businesses spending on capital

gross exports

sum of government spending

Answers

Answer:

Selection of the part of the expenditures approach of calculating the GDP is being described:

1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.

=

consumer spending

2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.

=

sum of government spending

Explanation:

The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports.  Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.

Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.

Purchase of weapons for the military is part of government spending.

What is the expenditures approach?

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export

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Northern Warehouses wants to raise $11.4 million to expand itsbusiness. To accomplish this, it plans to sell 40-year, $1,000 facevalue, zero-coupon bonds. The bonds will be priced to yield 8.75percent. What is the minimum number of bonds it must sell to raisethe $11.4 million it needs?

Answers

Northern Warehouses must sell 15,643 bonds to raise the $11.4 million it needs.

This can be calculated by dividing the total amount needed by the face value of each bond ($11,400,000 ÷ $1,000 = 11,400 bonds) and then using the present value formula to calculate the number of bonds needed to achieve that amount at the given yield (PV = FV ÷ (1+r)^n):

PV = $11,400,000
FV = $1,000
r = 8.75%
n = 40 years

Solving for n, we get: n = ln(FV/PV) ÷ ln(1+r) = ln($1,000/$11,400,000) ÷ ln(1+0.0875) ≈ 15,643.

Therefore, Northern Warehouses must sell at least 15,643 bonds to raise $11.4 million at a yield of 8.75%.

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Calculate the Gross Profit for a company which has $1 million in Sales; $640,000 in Cost of Goods Sold; Sales/General/Administrative (SG&A) expenses of $150,000; Interest expense of $50,000; and Taxes of $75,000.
a. $85,000
b. $210,000
c. $360,000
d. $160,000

Answers

To calculate the Gross Profit, subtract the Cost of Goods Sold (COGS) from the Sales Therefore, the correct option is c. $360,000.

Gross Profit is a measure that represents the amount of revenue remaining after deducting the direct costs associated with producing goods or delivering services. It is calculated by subtracting the Cost of Goods Sold (COGS) from the Sales.

In the given scenario:

Sales = $1,000,000

Cost of Goods Sold (COGS) = $640,000

By subtracting the COGS from the Sales, we find that the company's Gross Profit is $360,000.

It's worth noting that Gross Profit does not include other operating expenses such as Sales/General/Administrative (SG&A) expenses, interest expenses, or taxes. Gross Profit focuses solely on the direct costs of production or service delivery.

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Why do we say that credit is basically a loan?

Answers

Technically no, a loan is when you borrow money, credit score shows of you pay your bills on time and all that

the idea of an economic tradeoff means that the idea of an economic tradeoff means that to achieve one end we must sacrifice the other. there is no such thing as a free lunch. there is an opportunity cost to most resource allocations. all of the above.

Answers

The idea of an economic tradeoff means that the all of the above are:

To achieve one end we must sacrifice the other.There is no such thing as a free lunch.There is an opportunity cost to most resource allocations. Thus, option (d) is correct.

What is economic?

The term economic refers to the process of production, distribution, and consumption activities. The main components of economies are products and services. The primary sector of the economy is the industrial sector. The family (consumption) and company (product sales) are both parts of the economy.

To accomplish one aim, we must forfeit the other, according to the concept of economic trade. There is nothing as a free lunch, and most resource allocations come with an opportunity cost.

As a result, the significance of the economic are the aforementioned. Therefore, option (d) is correct.

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Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharon files a suit against the employer under the Age Discrimination in Employment Act. To establish a prima facie case, she must show, among other things, that she is

Answers

As Sharon files the suit against the employer for Age Discrimination, there is need to establish a prima facie case and show that she is Qualified for the position.

What is Age discrimination?

An Age discrimination is a class of discrimination that is age-based rather than on race, ethic, gender etc.

In conclusion, Sharon will have to prove that she is Qualified for the position.

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distinguish between capital intensive and labour intensive​

Answers

answer:

capital intensive

— industries require a greater amount of machinery to produce the product

labour intensive

— product requires a larger amount of human labor to bring it off

explanation:

ex:

capital intensive

— telecommunications, airlines, automobile manufacturing, oil production

labour intensive

— food service, hospitality, public education, agriculture

credits: online search!

Capital intensive industries required a great amount of machinery to produce the product.

Labour intensive products required a larger amount of human labor to bring it off.

Which is a good rule to follow when sending business emails? (1 point)

Answers

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

What is email?

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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Which explains why a supply line is upward sloping? Question 1 options: The law of Demand states that there is an indirect relationship between price and quantity The law of suppy compares marginal costs and marginal benefits in a constant rate The law of demand shoes a positive relationship between two goods, creating the slope The Law of Supply states there is a direct relationship between price and quantity

Answers

Answer:

The Law of Supply states there is a direct relationship between price and quantity

Explanation:

The law of demand states that there is an inverse relationship between the price of a good or service and the quantity demanded of that good or service, i.e. the higher the price, the lower the quantity demanded. This is why the demand curve has a negative slope.

While the law of supply states that there is a direct relationship between the price of a good or service and the quantity supplied. I.e. the higher the price, the larger the quantity supplied. This is why the supply curve has a positive slope.

Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.

Answers

Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.

What is the Cash Cow?

The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:

Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.

Thus, the strategic business unit with the above characteristics is a cash cow.

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Instruction I: Work out questions 1. Assume the construction of dam project involves an out lay of Br. 10,000,000. Its expected cash inflows at the end of the year 1 is Br.500,000. Cash inflow decreases every year by Br.30,000. The project has an economic life of 6 years. Required: i. Calculate the NPV of the project if the cost of capital is 10% (5pts). ii. Calculate BCR of the project (5pts) iii. Decide whether the project is accepted or rejected by using both method (2pts).​

Answers

Answer:

Explanation:

To solve this problem, we need to use the formula for the net present value (NPV) of a project, which is:

NPV = ∑[(Cash flow / (1 + r)^t)] - Initial investment

Where r is the cost of capital, t is the year in which the cash flow occurs, and the sum is taken over all the years of the project.

We can use this formula to solve the first two parts of the problem:

i. Calculate the NPV of the project if the cost of capital is 10%:

NPV = ∑[(Cash flow / (1 + 0.10)^t)] - Initial investment

= ∑[(Cash flow / (1.10)^t)] - Initial investment

For year 1, the cash flow is 500,000 and the discount factor is (1.10)^1 = 1.10, so the NPV is:

(500,000 / 1.10) - 10,000,000 = -9,090,909.09

For year 2, the cash flow is 500,000 - 30,000 = 470,000 and the discount factor is (1.10)^2 = 1.21, so the NPV is:

(470,000 / 1.21) - 10,000,000 = -8,932,737.70

For year 3, the cash flow is 470,000 - 30,000 = 440,000 and the discount factor is (1.10)^3 = 1.33, so the NPV is:

(440,000 / 1.33) - 10,000,000 = -8,781,948.89

For year 4, the cash flow is 440,000 - 30,000 = 410,000 and the discount factor is (1.10)^4 = 1.46, so the NPV is:

(410,000 / 1.46) - 10,000,000 = -8,638,979.45

For year 5, the cash flow is 410,000 - 30,000 = 380,000 and the discount factor is (1.10)^5 = 1.61, so the NPV is:

(380,000 / 1.61) - 10,000,000 = -8,502,481.61

For year 6, the cash flow is 380,000 - 30,000 = 350,000 and the discount factor is (1.10)^6 = 1.78, so the NPV is:

(350,000 / 1.78) - 10,000,000 = -8,372,466.99

The NPV of the project is the sum of all these terms, which is:

-9,090,909.09 - 8,932,737.70 - 8,781,948.89 - 8,638,979.45 - 8,502,481.61 - 8,372,466.99 = -52,016,054.84

So the NPV of the project is -52,016,054.84.

ii. Calculate BCR of the project:

The benefit-cost ratio (BCR) of a project is the ratio of the NPV to the initial investment. In this case, the BCR is:

BCR = NPV / Initial investment = -52,016,054.84 / 10,000,000 = -5.2018

We must apply the calculation for a project's net present value (NPV), which is: to resolve this issue. BCR is -5.2018.

What is NPV ?

NPV is equal to [(Cash flow / (1 + r)]t. - Initial expenditure

Where t is the year in which the cash flow occurs, r is the cost of capital, and the amount is calculated over the entire project's lifespan.

The first two components of the issue can be resolved using the following formula:

i. Determine the project's net present value (NPV) assuming a 10% cost of capital:

(Cash flow / (1 + 0.10)t) = NPV - Initial expenditure

= [(Cash flow / 1.10)]t - Initial expenditure

Given that the cash flow is 500,000 in year 1 and the discount rate is 1.10, the NPV is as follows:

(500,000 / 1.10) - 10,000,000 = -9,090,909.09

In year 2, the moneyThe discount factor is 1.102 = 1.21 and the flow is 500,000 - 30,000 = 470,000, hence the NPV is:

(470,000 / 1.21) - 10,000,000 = -8,932,737.70

With a cash flow of 470,000 minus 30,000 for year 3 and a discount factor of 1.10 times three, the NPV is as follows:

(440,000 / 1.33) - 10,000,000 = -8,781,948.89

With a cash flow of 440,000 - 30,000 for year 4 and a discount factor of 1.10 divided by 4 to get 1.46, the NPV is as follows:

(410,000 / 1.46) - 10,000,000 = -8,638,979.45

With a cash flow of 410,000 - 30,000 = 380,000 for year 5 and a discount factor of 1.10 x 5 = 1.61, the NPV is as follows:

(380,000 / 1.61) - 10,000,000 = -8,502,481.61

With a cash flow of 380,000 minus 30,000 for year 6 and a discount factor of 1.10 divided by 6 for a net present value of:

(350,000 / 1.78) - 10,000,000 = -8,372,466.99

The project's NPV.the total of these phrases, which is:

-9,090,909.09 - 8,932,737.70 - 8,781,948.89 - 8,638,979.45 - 8,502,481.61 - 8,372,466.99 = -52,016,054.84

Consequently, the project's NPV is -52,016,054.84.

ii. Determine the project's BCR:

A project's benefit-cost ratio (BCR) is the proportion of NPV to initial investment. The BCR in this instance is:

BCR = NPV / Investment, which equals -52,016,054.84 / 10,000,000, or -5.2018.

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Underapplied or overapplied manufacturing overhead at year-end is most commonly:a. charged or credited to Work-in-Process Inventory.b. charged or credited to Cost of Goods Sold.c. charged or credited to a special loss account.d. prorated among Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold.e. ignored because there is no effect on the Cash account.

Answers

Underapplied or overapplied manufacturing overhead at year-end is most commonly charged or credited to Cost of Goods Sold. The correct option is (B).

What is Underapplied or Overapplied manufacturing overhead?

Manufacturing overhead is underapplied and the resulting cost of goods sold is overstated if there is a debit balance.

If manufacturing overhead has a credit balance, the overhead is overapplied and the resulting cost of products sold amount is overstated, according to the adjusting entry.

Therefore, underapplied or overapplied manufacturing overhead at year-end is most commonly charged or credited to Cost of Goods Sold.

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Describe two ways in which the organisation supports the community?​

Answers

Explanation:

This often includes inclusive networking, interpersonal organizing, listening, reflexivity, non-violent communication, cooperation, mutual aid and social care, prefiguration, popular education, and direct democracy.

Hey

here's ur answer ⤵️

Explanation:

This often includes inclusive networking,interpersonal organizing, listening,reflexivity, non violent communication, cooperation,mutual aid and and social care, prefiguration, popular education and direct democracy

hope it helps

Write the name of any five organic fertilizers and describe any one them.​

Answers

One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.

What is Fertilizers?

Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.

Compost

Manure

Bone meal

Fish emulsion

Blood meal

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Revenues $32,000 Cost of goods sold ($6,000+ $2.10/unit) 22,800 Gross profit $ 9,200 Operating expenses: Selling ($1,200+ $0.10/unit) 2,000 5,600 Administration ($4,000+ $0.20/unit) Operating income $

Answers

The operating income is $1,600, if revenues are $32,000.

The selling expenses consist of a fixed component of $1,200 and a variable component of $0.10 per unit.

The operating income is calculated by subtracting the total operating expenses from the gross profit.

Revenues: $32,000

Cost of goods sold: $6,000 (fixed cost) + $2.10/unit (variable cost) = $22,800

Gross profit: Revenues - Cost of goods sold = $32,000 - $22,800 = $9,200

Operating expenses:

Selling expenses: $1,200 (fixed cost) + $0.10/unit (variable cost) = $2,000

Administration expenses: $4,000 (fixed cost) + $0.20/unit (variable cost)

Total operating expenses: $2,000 + $5,600 = $7,600

Operating income: Gross profit - Total operating expenses = $9,200 - $7,600 = $1,600

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Which type of insurance covers individuals by giving them a
portion of their wages in the event that they are unable to work for
a long period of time due to illness or injury?

O Collateral
O Disability
O Liability
O Property

Answers

Answer:

Disability

Explanation:

Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.

Answer:

Disability

Explanation:

Diners are servod in a process with two resources. The processing times for the resources are 16 and 1.3 hours. Demand occurs at the rate 056 diners per hour. Instruction. Round your answer to one decimal place- What is the implied utilization (\%) of the first resource?

Answers

Rounded to one decimal place, the implied utilization of the first resource is approximately 285.7%.

To calculate the implied utilization of the first resource, we need to determine the ratio of the processing time of the first resource to the demand rate.

Processing time of the first resource = 16 hours

Demand rate = 0.56 diners per hour

Implied utilization of the first resource = (Processing time of the first resource / Demand rate) * 100

Implied utilization = (16 hours / 0.56 diners per hour) * 100

Implied utilization = 285.71%

Rounded to one decimal place, the implied utilization of the first resource is approximately 285.7%.

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Other Questions
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