Fargo Company Ball Company Fargo Company Ball Company Sales..... $ 36,500 79,500 82,000 10,100 252,300 $460,400 Data from the current year's income statement $393,600 Cost of goods sold. 290,600 Interest expense.. 5,900 Income tax expense 5,700 Net income 33,850 Basic earnings per share. 1.27 Data from the current year-end balance sheets Assets Cash..... $ 20,000 Accounts receivable, net.... 88,700 Merchandise inventory 86,800 Prepaid expenses..... 9,700 Plant assets, net 176,900 Total assets $382,100 Liabilities and Equity Current liabilities. $ 90,500 Long-term notes payable...... 93,000 Common stock, $5 par value 133,000 Retained earnings. 65,600 Total Habilities and equity. $382,100 $667,500 480,000 12,300 12,300 61,700 2.19 $ 97,000 93,300 141.000 129,100 $460,400 Beginning-of-year balance sheet data Accounts receivable, net. Merchandise Inventory Total assets.. Common stock, $5 par value Retained earnings $ 72,200 105,100 383.400 133,000 49,100 $ 73,300 80,500 443,000 141,000 109.700
Answers
The provided information includes data from the income statement, balance sheets, and beginning-of-year balance sheet for Fargo Company and Ball Company.
The data consists of sales, cost of goods sold, interest expense, income tax expense, net income, basic earnings per share, and various asset and liability values for both companies.
The income statement data reveals that Fargo Company had sales of $36,500 and a net income of $33,850. Ball Company had sales of $79,500 and a net income of $10,100. The balance sheet data shows the asset and liability values at the end of the current year for both companies. Fargo Company had total assets of $382,100, while Ball Company had total assets of $667,500. The equity section includes common stock and retained earnings for both companies.
The beginning-of-year balance sheet data provides the starting values for accounts receivable, merchandise inventory, and total assets for both companies, along with common stock and retained earnings values.
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Related Questions
What is your opinion on the saying "If it doesn't challenge you, it doesn't change you"?
Answers
Answer:
I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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if california was a country where would it rank in economy
Answers
Answer:
It would be the world's fifth-largest economy!
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Jeevan conducts the business on behalf of Jayaram. Can you identify and differentiate the two types of partners.
Answers
Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
________ are the factors or parameters that are the major drivers of quality within an organization or process.
Answers
Key performance indicators (KPIs) are the factors or parameters that are the major drivers of quality within an organization or process.
Key performance indicators (KPIs) are measurable values that help organizations assess their progress and performance in achieving specific goals and objectives. When it comes to quality, KPIs play a crucial role in monitoring and improving the quality of products, services, or processes within an organization. KPIs related to quality can vary depending on the industry and specific organizational goals.
They may include metrics such as customer satisfaction ratings, defect rates, on-time delivery performance, process efficiency, employee training and competence, and adherence to quality standards and regulations. By tracking and analyzing these KPIs, organizations can identify areas for improvement, make data-driven decisions, and implement strategies to enhance the quality of their products or services. KPIs provide a quantifiable and objective means of assessing quality performance and driving continuous improvement efforts.
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What is the goal of using a personal budget?
O A. To save for your future financial goals
B. To reduce your tax burden
C. To eliminate your
fixed
expenses
O D. To maximize the return on your investments
Answers
Answer:
to save for ur future financial goals
What is business overview
Answers
Answer:
A company overview (also known as company information or a company summary) is an essential part of a business plan. It's an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.
Explanation:
Answer:
It is an essential part of a business plan. It's an overview of the most important points about your company.
Explanation:
Hope this helps!
the owner of a duplex charges $2,000 per month for each unit. over the last 12 months, one half of the property was vacant for six months. what was the owner’s effective gross income for this 12-month period? quizlet
Answers
$36000 was the owner’s effective gross income for this 12-month period.
A duplex consists of 2 units.
Rent of duplex for 1 month = $2000 x 2 = $4000
Therefore, rent of a duplex for 12 months = 12 x 4000
= $48000
Given: 1 unit vacant for 6 six months
Rent of 1 unit for 6 months = $2000 x 6
= $12000
Therefore, net rent to be paid = Rent of duplex for 12 months - Rent of 1 unit for 6 months
= $48000 - $12000
= $36000 [answer].
Gross pay is what workers earn before levies, benefits and other payroll deductions are withheld from their stipend. The quantum remaining after all withholdings are reckoned for is net pay or take-home pay.
For homes and individualities, gross income is the sum of all stipends, hires, gains, interest payments, rents, and other forms of earnings, before any deductions or levies. It's opposed to net income, defined as gross income minus levies and other deductions. You may hear it appertained to in two different ways gross periodic income and net periodic income. Gross periodic income is your earnings before duty, while net periodic income is the quantum you are left with after deductions.
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Need a girls opinion. : ) PLease
Answers
Answer:
what's up bro im here !!!!
Answer:
yes?
Explanation:
do you need help or advice on something?...
One
of
the
roles
of commercial enterprise on behalf of the government?
Answers
Answer:
To embark and oversee the specified business dealing of the government
Explanation:
Commercial enterprise maybe explained as establishments, business setups which are created with the aim of providing services, sell and market goods and other revenue generating activities. The commercial enterprises may also be in agreement with other companies to sell, market or distribute in their behalf. The government may, in a bid to provide adequate monitoring and management of some of its properties, income source or setups, they may engage the services of a commercial enterprise to manage a d oversee the functions and running of the business whereby government pays the enterprise for its services depending on the agreed terms and conditions.
A $20 bill features which of the following on the reverse?
Answers
Answer:
The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.
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have a good day :)
Explanation:
explain cross elasticity of demand for unrelated goods
Answers
Answer:
The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases. ... Items with a coefficient of 0 are unrelated items and are goods independent of each other.
thomas martin receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 hours during a week. payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $339; social security tax rate, 6.0%; and medicare tax rate, 1.5%. what is the gross pay for martin? a.$720 b.$1,080 c.$1,440 d.$780
Answers
The Gross Pay for martin is $780.
Given in the question,
An hourly wage rate =$15
Hours of work in a week = 40
Hours of overtime work in a week = 48 - 40 = 8
Federal income tax = $339.
Social security tax rate = 6.0%
Medicare tax = 1.5%
Now, firstly we will calculate the regular earnings.
The formula for the regular earnings is:
Earnings at regular rate= Wage rate per hour x hours of work
= (15 x 40)
=$600
Then, we will calculate the additional hours of work:
Earnings at overtime rate=( 8(15 x 1.5))
=$180
Total gross pay = 600+180
=$780.
Martin makes $780 a month in gross pay. Net pay is calculated by deducting other deductions from gross pay. Gross pay is reduced by deductions such as federal income tax, social security tax, and Medicare tax rate.
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Teller's checks and personal checks are classified as
O A. drafts
O B. obligors
C. notes
D. certificates
Answers
Answer: they are classified as D) certificates
Explanation:
pa 10-11 (algo) a restaurant has annual sales of... a restaurant has annual sales of $780,000, an average inventory of $9,750, and an annual cost of goods sold of $485,000.
Answers
Restaurant's inventory turnover ratio is approximately 49.74.
Let's discuss it further below.
To calculate the inventory turnover ratio for this restaurant, you can use the following formula:
Inventory Turnover Ratio = Cost of Goods Sold (COGS) / Average Inventory
Here's a step-by-step explanation using the given information:
1. Identify the Cost of Goods Sold (COGS): $485,000
2. Identify the Average Inventory: $9,750
3. Plug in the values into the formula: Inventory Turnover Ratio = $485,000 / $9,750
4. Calculate the result: Inventory Turnover Ratio = 49.74
So, the restaurant's inventory turnover ratio is approximately 49.74. This means that the restaurant sells and replaces its inventory about 49.74 times a year.
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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Answers
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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What does the Federal Reserve help regulate?
A. The economy
Ο Ο Ο
B. Food
C. Clothing
O D. Music
Answers
hope this helped
MY OWN BUSINESS INSTITUTE
WNBUSINESS
INSTITUTE
All
My
Courses Account
5 failed logins
Generally speaking, which of the following businesses would be easier to start and
command better pricing power?
Select one:
o Operate your own self-service gas station.
indmother's nrnnrietary resine
Answers
Answer:
it hink it would be B
Explanation:
hope that helps
commenced business with the balance at bank 125,000 (journal entry)
Answers
bank a/c Dr
to capital a/c
A firm requires an investment of $18,000 and will return $25,000 after one year. If the firm borrows $10,000 at 6%, what is the return on levered equity? Question 24 options:A) 112%B) 80%C) 96%D) 64%
Answers
A firm requires an investment of $18,000 and will return $25,000 after one year. If the firm borrows $10,000 at 6%, the return on levered equity is 80%. Thus, option B is correct.
Investment refers to expenditure incurred on creation of new capital asset. For example: purchase of land, plant, building, equipment, stock, mutual funds etc. It helps to generate wealth in future.
Cost of Investment = $18,000
Total return = $25,000
Firms borrowing = $ 10,000
Rate of borrowing = 6%
Portion of Investment financed by equity = 18,000 - 10,000
= $ 8,000
Return on shareholders fund = 25,000 - 10,000×(1 + 6%)
= $ 14,400
Return on levered equity = 14,400/8000 - 1
= 80 %
Therefore, return on levered equity is 80%.
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A backpack is normally $64. 99, but on sale, it is marked down to $45. 49. What percent off is the sale price?.
Answers
A backpack is normally $64. 99, but on sale, it is marked down to $45. 49. The percent off on the sale price is 30%.
A backpack in its simplest form is a canvas bag that is strapped on the back and secured with two shoulder straps, but it can have an outer frame and an inner frame and also include a storage bag.
Backpacks are commonly used by hikers and students and are generally preferred over handbags for carrying heavy objects or carrying any kind of equipment due to limited ability to carry heavy objects for long periods of time. on hand. Large backpacks, used to carry items weighing more than 10 kg, as well as smaller sport backpacks, typically drop most of their weight on padded hip belts, leaving the straps mostly alone. shoulder to stabilize the load.
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what do you mean by problem solving skill ?
Answers
Answer:
Explanation:
problem-solving skill is the skill that refers to solving a problem in a situation. For instance, a problem would be a spill, and wiping it with a tissue would be the solution.
Answer:I hope this help I loving helping people good luck itchai72777
Explanation:
Problem-solving skills are the ability to identify problems, brainstorm and analyze answers, and implement the best solutions. An employee with good problem-solving skills is both a self-starter and a collaborative teammate; they are proactive in understanding the root of a problem and work with others to consider a wide range of solutions before deciding how to move forward
Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution. The problem-solving process. Problem solving resources
It is the methods we use to understand what is happening in our environment, identify things we want to change and then figure out the things that need to be done to create the desired outcome. Problem solving is the source of all new inventions, social and cultural evolution, and the basis for market based economies
Explain why unions have declined in power in the last few decades.
Answers
Answer: See explanation
Explanation:
There are a number of reasons for the reduction in the power of unions in the last few decades.
One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.
Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.
Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.
What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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Culture, demand and competition impose saturation limits above which no amount of advertising spending can increase sales. True or false.
Answers
True that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales.
It is true that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales. Advertising can help increase brand awareness, familiarity, and preference among consumers, but there comes a point where the market becomes saturated, and additional advertising spending does not lead to significant increases in sales. The saturation limit may vary depending on the product or service, the industry, and the target audience. Therefore, it is crucial for businesses to understand their market and determine the optimal advertising budget to achieve their sales goals.
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In your own words....
What is a non-profit organization? What is an example of one?
Answers
Answer:
An organization that sells products, but doesn't keep the money for themselves.
Explanation:
Read the following case and answer questions.
Grameen Bank was founded in 1976 by economics professor Muhammad Yunus in Bangladesh. This private bank makes small loans known as microcredit, to the poorest of poor without requiring collateral. It was founded on the principle that loans interrupt poverty better than charity because loans offer people the opportunity to take the initiative in business or agriculture, generating earnings and enabling them to pay off debt. The bank and its founder were jointly awarded the Nobel Peace Prize in 2006.
After decades of operation, Grameen Bank faced a serious dilemma. Many of its borrowers had done well enough to become small businesses with employees and real physical assets, and at that point they needed more than a "micro" loan. The average loan offered by Grameen Bank was under $400. These businesses needed more like $4,000. As a profitable microcredit bank, Grameen Bank could extend its existing products to include larger loans for small and medium-sized enterprises. This would not only enable the bank to grow with its existing clients; it would also help it move some of its clients to the next level of wealth creation.
Dr. Yunus pondered the issue. On the one hand, expanding the organization’s objectives to include lending to small and medium-sized enterprises would fill a need and continue to help clients secure a better economic livelihood. It t would also fill a gap underserved by traditional banks in the markets where Grameen Bank operated. Moreover, including small and medium-sized enterprise loans in the bank’s portfolio would likely increase profits.
On the other hand, to offer small and medium sized loans, Grameen Bank would have to switch to a business model completely different from its origins in micro-lending. This would mean adopting practices related to traditional banking and no longer focusing on lending only to the truly poor. Dr. Yunus realized that this decision required some additional insight.
How would lending to small and medium-sized companies affect the way Grameen Bank is organized? Would the bank have to change its lending strategy? Would it have to change the expertise of its loan officers? How would the lending risks change?
Answers
Lending to small and medium-sized enterprises would fill a need and help clients secure a better economic livelihood, fill a gap underserved by traditional banks and likely increase profits.
Dr. Yunus has been pondering over how lending to small and medium-sized companies would affect Grameen Bank's organization. Lending to small and medium-sized companies would fill a need and help clients secure a better economic livelihood. Grameen Bank operates in markets that are underserved by traditional banks. It would be able to fill that gap. Also, including small and medium-sized enterprise loans in the bank’s portfolio would likely increase profits. Grameen Bank would have to change its lending strategy. The bank's loan officers would need to have expertise in small and medium-sized companies' loans. The lending risks would also change as lending to small and medium-sized companies is riskier than lending to individuals. Thus, Grameen Bank would have to change its policies and procedures to mitigate these risks.
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a property was listed for $150,000. however, there were no prospective buyers willing to offer more than $100,000. this means the house was .
Answers
The house was overpriced. So that there are no prospective buyers willing to offer more than $100,000.
When a property is listed for a certain amount but there are no prospective buyers willing to offer that amount, it typically means that the property is overpriced and the seller may need to lower the price in order to attract prospective buyers. Overprice in business generally can be defined as a setting a price that's higher than what the market is willing to pay. In most cases, overpricing goes hand in hand with low sales volumes, and so it is not a commonly recommended pricing strategy.
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Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answers
Answer:
She lost $754.05.
Explanation:
Giving the following information:
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.
The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.
Increase in salary= 52,000*1.025= $53,300
Inflation effect= 52,000/(1-0.038)= $54,054.05
To maintain her purchasing power, now, she needs to earn $54,054.05.
She lost $754.05.
which country would have the highest defect rate if you chose it as your plant location? group of answer choices china switzerland usa russia germany
Answers
Switzerland but it's impossible to identify which country has the greatest failure rate since it depends on a variety of factors, including the quality of the materials used, the expertise of the employees, the nature of the goods being made, and the quality control methods in place for a plant site.
Plant site selections are long-term, strategic, and non-repetitive. Without strong and cautious site planning from the start, the new facility may have long-term operational difficulties. A good decision on plant location may make or break a corporation. Many variables influence location decisions, including technology used, capability, financial status, necessary labor force, and economic, political, and social realities in various places. The site selection influences the facility's efficiency, effectiveness, productivity, and profitability. The problem of facility location is largely concerned with the ideal location based on the suitable effectiveness criteria.
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