Business, 27.06.2019 02:20 ysabel0420
Tony inc. has forecast the following numbers for this upcoming year: sales $500,000 cost of goods sold 300,000 interest expense 100,000 net income 60,000 the company is in the 40 percent tax bracket. its cost of goods sold always represents 60 percent of its sales. that is, if the company’s sales were to increase to $1 million, its cost of goods sold would increase to $600,000. the company’s ceo is unhappy with the forecast and wants the firm to achieve a net income equal to $120,000. assume that tony’s interest expense remains constant. in order to achieve this level of net income, what level of sales will the company have to achieve? (the company doesn’t pay any preferred dividend and have zero depreciation)
Answers: 1
Business, 23.06.2019 00:40
On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.
Answers: 3
Business, 23.06.2019 02:00
Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.
Answers: 1
Business, 23.06.2019 08:00
In a high school with 3000 students, counselors are putting together a math tutoring program for the neighboring middle school. they plan to invite high school students with high average test scores to tutor middle school students, and they would like to offer gift cards to the student tutors. the counselors have a spreadsheet showing each student’s average test scores, and in order to find out how many gift cards they should purchase, the counselors need to count how many students would qualify to become tutors. which type of function would best the counselors determine the number of eligible students?
Answers: 3
Business, 23.06.2019 14:00
All of the following are tasks associated with maintaining a checking account, except a. recording deposits in a checkbook register b. subtracting withdrawals to track the balance c. comparing the checkbook to the account statement in order to reconcile it d.getting your passbook updated when you make a deposit
Answers: 1
Tony inc. has forecast the following numbers for this upcoming year: sales $500,000 cost of goods s...
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