A lease provides that a retail tenant pays $900 minimum rent per month plus 3% of the gross sales in excess of $200,000 per year. If the tenant paid a total rent of $20,520 last year, what was the gross sales volume
Answer:
45,650
Explanation:
The gross sales volume was $45,650.
What was the gross sales volume?The entire quantity of incoming income throughout a specific time frame.
Gross sales are discussed with the grand overall of all income transactions over a given time period. this doesn't encompass the cost of income or deductions
sales volume refers to the number of units your corporation sells at some point of a selected reporting duration. this era may be a month, a quarter, or a year relying on what degree of sales extent you are in search of to research. buyers often study sales volume to assess the fitness of a developing or contracting business enterprise.
To calculate gross sales, upload the total income revenue for a specified time period—monthly, quarterly, or annually.
The minimum rent per month is $900.
gross sale percentage = 3%
The tenant paid a total rent of $20,520 last year.
The gross sales volume = $45,650.
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The comparative balance sheets for Swifty Company show these changes in noncash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,500, and inventories increased $43,500. Compute net cash provided by operating activities using the indirect method, assuming that net income is $228,900.
Answer:
$236,900
Explanation:
Computation for net cash provided by operating activities using the indirect method
Net income $228,900
Add : Account receivables $80,000
Less: Prepaid expenses ($28,500)
Less :Inventories ($43,500)
NET CASH by OPERATING ACTIVITIES $236,900
Therefore net cash provided by operating activities using the indirect method is $236,900
Skysong Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $400000 $600000 Annual net income 18000 34000 Net annual cash inflow 96000 119000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is
Answer:
20%
Explanation:
Calculation to determine The annual rate of return for Project Soup is
Annual rate of return = [(Current Value of Investment - Initial Investment for one year )/Initial Investment for one year )]*100
Let plug in the formula
Annual rate of return= (($96000 - $80000) / $80000) * 100
Annual rate of return= ($16000 / $80000) *100
Annual rate of return= 20%
Workings:
Calculation to determine the Initial Investment for one year
Initial Investment for one year = $400000 / 5 year
Initial Investment for one year = $80000
Therefore The annual rate of return for Project Soup is 20%
write the importance of profession education
Answer:
The educational program which helps to acquire necessary theoretical knowledge and practical skills to develop a good career is called professional education. It is also called career education.
Fresh Breath Enterprises (FBE) is a well-known manufacturer of mouthwash. Its main facility is a mint-processing plant, which is currently operating at only 60% capacity. FBE is considering the introduction of a line of mint chewing gum that would use the same mint-processing plant as part of its production process. This proposed production scenario is an example of:
Answer:
Economies of scope
Explanation:
In the case of economies of scope, the efficiency should be attained via generating the variety of goods and services. In this the production cost is reduced at the time when different kinds of products are being produced
so as per the given situation, it is an example of the economies of scope
Therefore the same is to be considered and relevant
When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable account is decreased. B. Notes Payable account is increased; the Interest Payable account is increased. C. Interest Expense account is increased; the Interest Payable account is increased. D. Interest Expense account is decreased; the Interest Payable account is increased.
Answer:
C. Interest Expense account is increased; the Interest Payable account is increased.
Explanation:
A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.
When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.
Adams, a general contractor, Brinks, an architect, and Carson, an interior decorator, formed the Dex Home Improvement General Partnership by contributing assets as follows: Fair % of Partner Share Adjusted Market in Capital Asset Basis Value Profits and Losses Adams Cash $40,000 $40,000 50% Brinks Land $12,000 $21,000 20% Carson Inventory $24,000 $24,000 30% The land was a capital asset to Brinks, subject to a $5,000 mortgage, which was assumed by the partnership. Brinks' initial basis in Dex is:
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
Wolfe Company purchased a truck for $62,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5 (round to the nearest dollar)
Answer:
$42306
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/8
Depreciation expense in year 1 = 2/8 x 62,000 = 15500
Book value at the beginning of year 2 = 62,000 - 15500 = 46500
Depreciation expense in year 3 = 2/8 x 46500 = 11625
Book value at the beginning of year 3 =46500 - 11625 = 34,875
Depreciation expense in year 3 =34,875 x 2/8 = 8718.75
Book value at the beginning of year 4 = 34,875 - 8718.75 = 26156.25
Straight line depreciation expense = (book value of asset - Salvage value) / useful life
26156.25 - 10,000 / 5 = 16156.25 / 5 = 3231.25
Depreciation expense for the remaining 2 years = 3231.25 x 2 = 6462,50
total depreciation = sum of year 1 to 5 depreciation = 6462,50 + 15500 + 11625 + 8718.75 = $42306
Stabilisation is an important factor of
Answer:
to prerequisite of economic growth...........
if my answer helps you than mark me as brainliest
A business decides to produce less of an item. Which of the following occurs?
The business is attempting to indirectly influence supply.
The business is directly influencing demand.
The business is attempting to indirectly influence demand.
The business is directly influencing supply.
Answer:
c
Explanation:
The United States Food and Drug Administration requires manufacturers of processed foods to publish nutrition information on the packaging at a considerable cost to the firms. How does this requirement affect economic​ efficiency? A. It moves the market toward economic efficiency because the additional information represents a positive externality that the FDA is forcing firms to internalize. B. It moves the market toward economic efficiency by reducing the market failure caused by a lack of​ information, enabling consumers to make better informed decisions regarding nutrition. C. It moves the market away from economic efficiency because the additional cost of​ labeling, which is not accounted for in the market​ price, creates a market failure. D. It moves the market away from economic efficiency because the additional cost of labeling adds little value but raises the price of food above marginal cost.
Answer:
A. It moves the market toward economic efficiency because the additional information represents a positive externality that the FDA is forcing firms to internalize.
Explanation:
The US food and drug administration needs to follow some standard procedure such as the placing of labels and identifying marks on the products so as to provide additional information to the consumers and clients. This helps both consumers and the company by setting up goodwill and enhances their productivity.discuss the steps of growing mushrooms
not a too long answer
Answer:
The Pennsylvania State University,
College of Agriculture, Extension Service,
University Park, Pennsylvania
Mushroom farming consists of six steps, and although the divisions are somewhat arbitrary, these steps identify what is needed to form a production system.
The six steps of mushroom farming:
Phase I
1. Composting
Phase II
2. Composting
3. Spawning
4. Casing
5. Pinning
6. Cropping
Etica, creatividad, compromiso, excelencia, integridad, credibilidad, pueden ser ejemplos de visiones.
Es VERDADERO O FALSO? . Si es Falso lo justificas.
Answer:si English?
Explanation:
Machvile Corporation, a robotics company, decides to acquire Chancera Inc., a start-up company that operates within the same industry. To better assess its decision, the management of Machvile Corporation needs to find out the value of Chancera Inc.'s total assets. The management has information regarding Chancera Inc.'s liabilities and stockholders' equity. In this scenario, the management should most likely use the _____ to get the required information.
Answer: Accounting equation
Explanation:
The accounting equation is a proposition or formula that accesses a company's assets by summing up it's equity and liabilities. It means that the equity of a company would equal it's assets minus liabilities.
Machvile Corporation can access properly the worth of Chancera Inc.'s by using the Accounting equation, weighing their assets and leaving out their liabilities.
Al hires Bob to move his furniture to his new house. On the day of the move, Bob does not feel like moving furniture, so he asks his friend Chuck to move the furniture. Chuck decides to leave before completing the move in order to watch a football game on TV. Al has to delay his move and hire another mover at a higher price. Al wants to sue Bob to recover for his damages. Given these facts, Al will most likely:
Answer: Win, because Bob is still liable to Al.
Explanation:
Accepting to do a job must come with commitment on the side of the servicer. It is unjust to accept a job without making much effort or input to see it carried out. Some businesses do this especially when a bigger offer comes their way and these puts a bad name to their organization as the failed client will have no good thing to say about them, when the cases goes like this, the client who was failed raises the issue to court and would win since he has already engaged the services, this is the tail between Bob and Al.
why is south africa regarded as a developing country
Answer:
This is due to the fact that South Africa is currently in a state of poverty and has very high unemployment rates, meaning there are a lot of poor people on the streets and it is uneasy/many do not have jobs either.
Explanation:
ASAP PLEASEEE!!! If the price level were to rise from 160 to 200, in what direction and by how much would the value of a dollar change?
Answer:
- Downward direction
- The change in dollar value is 0.00125
Explanation:
Given
[tex]P_1 = 160[/tex]
[tex]P_2 = 200[/tex]
Required
Direction and value of dollar change
Value is calculated using
[tex]V = \frac{1}{P}[/tex]
When [tex]P_1 = 160[/tex], the value is:
[tex]V_1 = \frac{1}{160}[/tex]
[tex]V_1 = 0.00625[/tex]
When [tex]P_2 = 200[/tex], the value is:
[tex]V_2 = \frac{1}{200}[/tex]
[tex]V_2 = 0.005[/tex]
So, we have:
[tex]V_1 = 0.00625[/tex]
[tex]V_2 = 0.005[/tex]
Notice that [tex]V_1 > V_2[/tex]
i.e. the initial value is greater than the new value
Hence, the value of dollar moves down
The change in value is:
[tex]\triangle V = |V_2 - V_1|[/tex]
[tex]\triangle V = |0.005 - 0.00625|[/tex]
[tex]\triangle V = |- 0.00125|[/tex]
Remove absolute sign
[tex]\triangle V = 0.00125[/tex]
The change in dollar value is 0.00125
The price elasticity of supply measures how Multiple Choice easily labor and capital can be substituted for one another in the production process. responsive the quantity supplied of X is to changes in the price of X. responsive the quantity supplied of Y is to changes in the price of X. responsive quantity supplied is to a change in incomes.
Answer:
Yes
Explanation:
Cause an increase in price causes increase in goods produced
1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answer:
hey what kind of watch is that in your profile pic
The Eye Clinic of Dr. Christensen is investing in some equipment to perform corrective eye surgery. It is expected that the equipment purchase will generate an internal rate of return of 24%. This equipment was chosen over equipment to perform cataract eye surgery. Thus, the internal rate of return of the cataract eye surgery equipment must have been ______.
Answer:
must have been less than the internal rate of return of the corrective eye surgery equipment.
Explanation:
The internal rate of return is a capital budgeting method that is used to determine the profitability of a project.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return is to undertake the project if the internal rate of return is greater than the required return of the project. If this is not met, the project should be rejected.
If choosing between multiple projects, the decision rule is to choose the projects with the highest internal rate of return. This is because that project would be the most profitable.
Advantages of the internal rate of return
it considers the time value of cash flowsit considers the profitability of a project over the entire lifespan of the project.Disadvantage of the internal rate of return
A project may have more than one internal rate of return.Assume that Heather always maximizes her total utility given her budget constraint. Every morning for breakfast Heather has two eggs and three sausages. If the marginal utility of the last egg is 20 utils and the price of eggs is $2 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $1
Answer: 10 units
Explanation:
The marginal utility per dollar spent on the last egg should be equal to the marginal utility per dollar spent on the last sausage.
Marginal utility per dollar spent on last egg = Marginal utility / Price of egg
= 20 / 2
= 10 units per dollar
Marginal utility per dollar spent on last sausage = Marginal utility / Price of sausage
10 = Marginal utility / 1
Marginal utility = 10 units
Abba, Inc. is considering dropping a product line. During the prior year, the line had sales of $207,000 and a contribution margin of $124,000. Fixed expenses consist of: Salaries $60,000 Rent 50,000 Advertising 20,000 Administrative 35,000 Total fixed expenses $165,000 The product line manager's $60,000 salary is avoidable as is the $20,000 of advertising. Of the administrative expenses, $10,000 is avoidable. The rest are general allocated expenses that will not change if the product is dropped. The rent expense is allocated to product lines based on sales and represents a share of the total cost for the building. If this product line is dropped overall net operating income will:
Answer:
Overall net income will decrease by $34,000.
Explanation:
Calculation to determine net operating income
Using this formula formula
Net operating income=Contribution margin -Avoidable costs
Where,
Contribution margin =$124,000
Avoidable costs= Salaries $60,000
+Advertising $20,000+Administrative expenses $10,000
Let plug in the formula
Net operating income=$124,000-($60,000+$20,000+$10,000)
Net operating income=$124,000-$90,000
Net operating income=$34,000 Decrease
Therefore If this product line is dropped overall net operating income will:decrease by $34,000
Project A has an initial cost of $75,000 and annual cash flows of $33,000 for three years. Project B costs $60,000 and has cash flows of $25,000, $30,000, and $25,000 for Years 1 to 3, respectively. Projects A and B are mutually exclusive. The incremental IRR is _______ and if the incremental IRR is lower than the required rate of return then Project _______ should be accepted.
Answer:
12.89%
the project should not be accepted
Explanation:
Incremental IRR can be determined by subtracting the cash flows of the project with the smaller cost from the cash flows of the project with the higher initial cost then using the cash flow derived to calculate the IRR
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Incremental cash flow in year 0 = -(75,000 - 60,000) = -15,000
Incremental cash flow in year 1 = 33,000 - 25,000 = 8,000
Incremental cash flow in year 2 = 33,000 - 30,000 = 3,000
Incremental cash flow in year 3 = 33,000 - 25,000 = 8,000
IRR = 12.89%
A project should be accepted only if the incremental IRR is greater than the required return. If this is not the case, the project should not be accepted
To determine IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Help me with questions 1 - 4
Help me!!!!!!!!!!!!! It’s for music class or orchestra
I need help please!!! Due tomorrow
answer:-
it is for music class and I don't know the notes
Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the minimum down payment that Mark can make
Answer:
the minimum down payment that Mark can make is $1,650
Explanation:
The computation of the minimum down payment that Mark can make is given below:
Purchase price $21,000
Less: Trade In -$4,500
Net price $16,500
So, the down payment needed should be
= 10% of $16,500
= $1,650
Hence, the minimum down payment that Mark can make is $1,650
Which of these can lower the amount of monthly payments on a mortgage?
Insurance
Down payment
Property taxes
Collateral
Answer:
I think that the answer is collateral
Collateral is the item that can lower the amount of monthly payments on a mortgage.
What is collateral?Collateral refers to item owned by a borrower, which is used as a guarantee that loan taken will be repaid. It is an asset that a borrower offers to a lender as a promise that the payment of the loan will be repaid as agreed.
It is important to note that collateral is used to secure loan incase a borrow does not pay back the loan taken.
Hence, collateral is the one that can lower the amount of monthly payments on a mortgage.
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When Henry first began his real estate career, he focused on residential properties. As he gained more experience, he found that he really enjoyed helping business owners find warehouses for their products, or properties where they could conduct manufacturing activities. Of the primary categories of real estate, what types of properties does Henry handle
Answer:
I think it is wharehosues
Explanation:
wharehosues
22. Which of the following does not demonstrate evidence regarding the ability to consummate a refinancing of short-term debt? A) Management indicated that they are going to refinance the obligation. B) Actually refinance the obligation. C) Have capacity under existing financing agreements that can be used to refinance the obligation. D) Enter into a financing agreement that clearly permits the entity to refinance the obligation.
Answer:
A) Management indicated that they are going to refinance the obligation.
Explanation:
The short-term financing is made immediately as it is required to cover the short-term obligations of the entity in a very short time.
The Manage does not indicate the refinancing of the obligation from short-term debt because they have less time to fulfill the obligation. The indiction can be made in long-term debt financing.
All of the other options indicate that the refinancing can be made from the short-term debt.
Feel Good Inc. is a multinational sports goods manufacturer that uses a different strategy in each of its subsidiaries and operations. Moreover, all decision-making is decentralized, which leaves the company open to the threat of opportunistic behavior. Since the expatriate managers do not rely on headquarters expertise, there is also an asymmetry in the transfer of information and specialized knowledge. In the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a(n) _____.
Answer:
multidomestic strategy.
Explanation:
It is correct to state that in the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a multi-domestic strategy, which occurs when a company uses several different marketing strategies according to the location where it operates.
Feel Good Inc uses a multi-domestic strategy because the statement tells us that the company uses a different strategy in each of its subsidiaries and operations, and that decision-making is decentralized.
This strategy can be advantageous for adapting the marketing campaign to the needs and desires of a specific target audience in a place. To be effective, market research, population study and market segmentation must be carried out.
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
