a. December 31 Year-End Income Statement: Prepare by totaling revenues and subtracting expenses to calculate net income.
b. December 31 Year-End Statement of Retained Earnings: Adjust prior year's balance with net income and dividends.
c. December 31 Year-End Balance Sheet: Calculate total assets, liabilities, and stockholders' equity using adjusted trial balance.
a. December 31 Year-End Income Statement for Happ Company:
Happ Company Income Statement
For the Year Ended December 31
Revenues:
Sales Revenue XXXX
Service Revenue XXXX
Total Revenues XXXX
Expenses:
Cost of Goods Sold XXXX
Salaries Expense XXXX
Rent Expense XXXX
Utilities Expense XXXX
Insurance Expense XXXX
Depreciation Expense XXXX
Interest Expense XXXX
Total Expenses XXXX
Net Income XXXX
b. December 31 Year-End Statement of Retained Earnings for Happ Company:
Happ Company Statement of Retained Earnings
For the Year Ended December 31
Retained Earnings, December 31, [Prior Year] $46,830
Add: Net Income XXXX
Total XXXXX
Less: Dividends XXXXX
Retained Earnings, December 31, [Current Year] XXXXX
c. December 31 Year-End Balance Sheet for Happ Company:
Happ Company Balance Sheet
As of December 31
Assets:
Cash XXXX
Accounts Receivable XXXX
Inventory XXXX
Prepaid Expenses XXXX
Total Current Assets XXXX
Property, Plant, and Equipment:
Land XXXX
Building XXXX
Accumulated Depreciation (XXXX)
Total Property, Plant, and Equipment XXXXX
Total Assets XXXXX
Liabilities:
Accounts Payable XXXXX
Salaries Payable XXXXX
Interest Payable XXXXX
Total Current Liabilities XXXXX
Long-Term Debt XXXXX
Total Liabilities XXXXX
Stockholders' Equity:
Common Stock XXXXX
Retained Earnings, December 31, [Current Year] XXXXX
Total Stockholders' Equity XXXXX
Total Liabilities and Stockholders' Equity XXXXX
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Straight Company paid David a gross salary of $100,000, and paid employer payroll taxes of $7,650 on his salary. Straight withheld $25,000 of income tax and $7,650 of employee payroll tax from David's salary. Straight's total tax deduction for David's compensation is __________.
The total tax deduction for David's compensation that Straight Company can claim is $40,300. This includes the $25,000 income tax withheld from David's salary and the $7,650 of employee payroll tax that Straight withheld and paid on David's behalf.
In addition, Straight also paid $7,650 in employer payroll taxes for David's salary. These employer payroll taxes include Social Security tax, Medicare tax, and federal and state unemployment taxes. Therefore, the total tax deduction for Straight Company is the sum of these amounts, which is $40,300. This tax deduction reduces Straight's taxable income and ultimately reduces the amount of taxes it owes.
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Which of the following is a positive economic statement? A. The government should revamp its immigration policies. B. Raising the tax on gasoline raises the selling price of gasoline. C. U.S. citizens should only buy products which are produced in the United States. D. The government should ban the production and sale of incandescent light bulbs
A positive economic statement is a statement that reflects fact and avoids opinions or judgments. Thus, among the options given, the answer that is a positive economic statement is B. Raising the tax on gasoline raises the selling price of gasoline.
Positive economics refers to the aspect of economics that emphasizes facts and quantitative analysis instead of subjective opinions and value judgments. It involves statements that can be tested or proven to be correct or incorrect. On the other hand, normative economics is a branch of economics that involves subjective judgments and value judgments rather than positive economics' objective and quantifiable analysis. A positive economic statement does not involve value judgments or subjective opinions. It reflects a fact that can be proven true or false. Thus, among the options given, the main answer that is a positive economic statement is B. Raising the tax on gasoline raises the selling price of gasoline. Option A is an opinion. It reflects a subjective view and value judgment. Option C is a value judgment that reflects a normative economic view. Option D is also a value judgment, and not a positive economic statement.
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Which of the following is not an effective strategy for verbal communication?
A) Repeat facts back to the other person.
B) Speak in a respectful tone of voice.
C) Avoid slang or unfamiliar jargon.
D) Choose your vocal tone and pitch carefully.
Answer: A)
Explanation: Its not a effective strategy because if you repeat the acts the other peron will get tired of hearing you and it can turn into a boring conversation.
let's say you want to add a company logo to the bottom-right corner of every slide. what's the most efficient way to do this?
The steps listed below can be used to add a business logo to the lower right of each slide.
Go to View > Slide Master to add a logo to every slide. Select the slide master, the first item, by sliding towards the upper edge of the caption pane on the left.
To create the text box on the slides master, choose Insert > Shapes, choose a shape, and then click and drag. It should roughly match your logo in size. Use a circle form if the design is circular.
To access the menu, right-click upon that object and select Format Shape.
Choose Fill > Picture fill > File from the bucket icon's drop-down menu, then insert your logo picture. With the Transparency slider, modify the logo's darkness.
Select the logo to get rid of the boundary everywhere around picture. After that, choose No Outline from the Outline menu on the right-click menu.
Slide Master is out. The logo will appear on every slide, excluding title pages.
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How to Write a resume for a job at a bank as a assistant?
Answer:
First pick a format try to make it orginazed as possible to amke sure they are inpressed also make sure to on task tell them stright foward why you would be great for that job then you might need to revise it many times the better your gardes are the more chances they take you. Math grades and the school you went to would be great too.
Explanation:
Riverbed Corporation's adjusted trial balance contained the following accounts at December 31,2023 : Retained Earnings $128,000; Common Shares $705,000; Bonds Payable $104,000; Contributed Surplus $205,000; Preferred Shares $57,000; Goodwill $60,000; and Accumulated Other Comprehensive Income (Loss) ($153,000). Prepare the shareholders' equity section of the statement of financial position. (Enter negative amounts using either a negative sign preceding the number e.g. −45 or parentheses e.g. (45).)
The shareholders' equity section of Riverbed Corporation's statement of financial position as of December 31, 2023, is as follows:
Shareholders' Equity:
Retained Earnings: $128,000
Common Shares: $705,000
Preferred Shares: $57,000
Contributed Surplus: $205,000
Goodwill: $60,000
Accumulated Other Comprehensive Income (Loss): ($153,000)
Total Shareholders' Equity: $1,002,000
In the shareholders' equity section, Retained Earnings represents the accumulated profits or losses of the company that have not been distributed to shareholders as dividends. Common Shares and Preferred Shares indicate the amount of capital contributed by common and preferred shareholders, respectively. Contributed Surplus represents the excess amount received over the par value of shares issued. Goodwill represents the intangible value of an acquired business that exceeds the fair value of its identifiable assets.
Accumulated Other Comprehensive Income (Loss) includes gains or losses that are not recognized in the income statement but are reported directly in the equity section. The total shareholders' equity is the sum of these individual components, amounting to $1,002,000.
In summary, Riverbed Corporation's shareholders' equity section includes Retained Earnings, Common Shares, Preferred Shares, Contributed Surplus, Goodwill, and Accumulated Other Comprehensive Income (Loss), totaling $1,002,000. This section provides a snapshot of the company's net worth and the various sources of capital invested by shareholders. It reflects the company's financial health and its ability to generate profits and create value for its shareholders.
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T/F: one of the key areas where operations research methods can contribute to improving healthcare is in the modeling of patient volumes and flow through organizations and health systems
True. One of the areas where operations research methods can contribute to improving healthcare is in the modelling of patient volumes and flow through organizations and health systems.
Operations research (OR) is an interdisciplinary branch of mathematics that uses analytical and mathematical models, statistical analysis, and optimization to make better decisions about complex problems.
In healthcare, operations research can be applied to the improvement of the efficiency and effectiveness of healthcare systems and processes.
One of the ways that operations research methods can contribute to improving healthcare is through the modelling of patient volumes and flow through organizations and health systems.
By developing models that simulate patient flow, healthcare organizations can optimize their resource allocation, identify areas where improvements can be made, and increase efficiency and patient satisfaction.
Overall, operations research is an important tool for improving healthcare systems and delivering high-quality care to patients.
Hence, the statement is true.
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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Sometimes we see that a company announces that they have strong earnings which will lead to good dividend payments. Still, right after the announcement is made, the stock price falls.
Question 5 options:
This is inconsistent with our model for stock prices and the efficient market hypothesis.
This must be because investors don't believe the news.
This is consistent with our model for stock prices and the efficient market hypothesis if the earnings were strong, but not as strong as investors had expected.
It is alway true that strong earnings lead to lower stock price, because investors believe that earnings now will be lower in the future.
When a company announces strong earnings but the stock price falls afterward, "this is consistent with our model for stock prices and the efficient market hypothesis if the earnings were strong, but not as strong as investors had expected".
In the stock market, the stock price of a company is influenced by a variety of factors, including the company's earnings and the expectations of investors. When a company announces strong earnings, it is generally expected that the stock price will increase as investors perceive the company to be performing well.
According to the efficient market hypothesis, stock prices reflect all available information and respond efficiently to new information. If the market had already factored in higher earnings expectations and the announced earnings did not meet those expectations, the stock price may adjust accordingly and decrease.
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Connolly Bank has a reserve requirement of 8%. Your mom deposits her most recent paycheck into her bank account at Connolly Bank, which results in an increase in excess reserves of $500. What is the maximum possible change in the money supply from this deposit?
The maximum possible change in the money supply from this deposit can be calculated using the money multiplier formula, which is 1/required reserve ratio. In this case, the required reserve ratio is 8%, so the money multiplier is 1/0.08, which is 12.5. This means that every $1 increase in excess reserves can potentially result in a $12.5 increase in the money supply.
The money multiplier formula is a theoretical model and the actual change in the money supply may vary due to various economic factors. Additionally, the Federal Reserve may also adjust the required reserve ratio to control the money supply in the economy. Therefore, while the maximum possible change in the money supply can be calculated using the formula, it's not always a reliable indicator of the actual change in the economy's money supply.
Therefore, since the deposit resulted in an increase of $500 in excess reserves, the maximum possible change in the money supply is $6,250 (500 x 12.5). However, it's important to note that this is the maximum possible change and actual change in the money supply may be less due to factors such as individuals holding onto their deposits as currency or banks choosing to hold onto excess reserves.
In conclusion, the maximum possible change in the money supply from your mom's paycheck deposit at Connolly Bank is $6,250, based on the required reserve ratio of 8% and the money multiplier formula.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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WCC Corporation has a $220,000 net operating loss carryover into 2021. Assume that it reported $99,000 of taxable income in 2021 (before the net operating loss deduction) and $150,000 of taxable income in 2022 (before the net operating loss deduction). (Leave no answer blank. Enter zero if applicable.) Problem 16-46 Part c (Algo) c. Assuming the $220,000 NOL carryover originated in 2020 and WCC elected to not carry back the loss, what is WCC's book-tax difference associated with the NOL in 2021 and in 2022? Identify the book-tax difference for each year as permanent or temporary. Year Book-tax Difference Favorable or Unfavorable Temporary or Permanent 2021 2022
A. WCC Corporation's book-tax difference associated with the NOL in 2021 is $66,000 unfavorable and in 2022 is $32,500 favorable. The book-tax difference is temporary for both years.
In 2021, WCC Corporation can deduct the $220,000 NOL carryover from its taxable income of $99,000, resulting in a tax loss of $121,000. However, for book purposes, the loss is limited to $55,000 (since book depreciation exceeds tax depreciation).
Therefore, the book-tax difference associated with the NOL in 2021 is $66,000 unfavorable, which is a temporary difference since the NOL carryover will eventually be fully utilized.
In 2022, WCC Corporation has taxable income of $150,000 before considering the NOL carryover. The corporation can deduct the remaining NOL carryover of $99,000, resulting in taxable income of $51,000. For book purposes, however, the NOL carryover has already been fully utilized, so there is no deduction.
Therefore, the book-tax difference associated with the NOL in 2022 is $32,500 favorable, which is a temporary difference since the tax loss will eventually reverse when the corporation's taxable income exceeds the remaining NOL carryover.
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Question 6 of 25
For which of the following housing situations is there a tenant and a landlord?
O A. Buying a home
B. Staying at a hotel
O
C. Renting a house
O
D. Selling a condominium
Could someone answer this pls?
Answer:
C
Explanation:
This is because, in renting a house, the owner becomes your landlord and you become the tenant
is water wet or....?
Answer:
water is a substance made up of two compound one is hydrogen and second is oxygen
the chemical formula for water is ( H2O )
Explanation:
hope it helps
Answer:
real
Explanation:
(water)
what could be done by each of the stakeholders in the healthcare system to help a person like roy start on the road towards good health? what are the challenges and obstacles in the way?
As a person seeking to improve their health, Roy can take several steps to initiate positive changes. He can begin by seeking regular medical checkups, adopting healthy eating habits, and engaging in regular physical exercise. Roy can also seek support from his family and friends, and consider joining support groups or community health programs.
Healthcare providers can play a crucial role in helping Roy on his journey towards good health. They can provide regular checkups, administer necessary medical treatments and medications, and provide guidance on healthy lifestyle choices.
Payers, such as insurance companies and government agencies, can help by providing coverage for preventive care services and wellness programs, and incentivizing providers to deliver high-quality care.
Employers can also play a role by providing access to wellness programs, healthy food options, and opportunities for physical activity during the workday.
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1. a business's yearly accounting period is called the a. financial year-end. b. accountant's annual budget. c. fiscal year. d. yearly balance sheet. 2. why do companies base their fiscal year on a natural business cycle? a. it provides greater tax advantages. b. it's the time of highest sales volume, and thus provides greater advantage to investors. c. accountants want to close their books at the end of the year. d. it's at the low point in the operating cycle and provides time to analyze operations and prepare financial statements. 3. why should investors and others be careful in interpreting partial-year reports for companies that use the natural business year for their fiscal year? a. the operations of the companies vary significantly throughout the fiscal year. b. partial-year reports show only the highest points of a business. c. partial-year reports show only the lowest points of a business. d. these reports are not used for the fiscal year reports.
The yearly accounting period for a business is referred to as the fiscal year (c).
Companies base their fiscal year on a natural business cycle because it allows them to analyze operations, prepare financial statements, and take advantage of the low point in the operating cycle (d).
Investors and others should be cautious when interpreting partial-year reports for companies that use the natural business year as their fiscal year because these reports may not accurately represent the overall performance of the company throughout the fiscal year (a).
A business's yearly accounting period is known as the fiscal year. It is the designated period for financial reporting and analysis, which may or may not align with the calendar year.
The reason companies base their fiscal year on a natural business cycle is that it provides them with time to analyze operations and prepare financial statements. By aligning their fiscal year with the low point in the operating cycle, companies can assess their performance, make strategic decisions, and evaluate financial results in a comprehensive manner.
Investors and others should exercise caution when interpreting partial-year reports for companies using the natural business year as their fiscal year. This is because the operations of these companies can vary significantly throughout the fiscal year.
Partial-year reports may only represent a portion of the business cycle, showing either the highest or lowest points of the business.
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What happens to PRICES during a PEAK in the Business Cycle?
The prices can use for study and others.But,you need to save carefully.
Insurance Plan Summary
Deductible
$5,000.00
Wellness Exams
No-deductible
100% covered
What is the monthly
payment an employee
with a family plan on
this health plan is
required to pay, even
if they do not visit a
doctor or hospital?
Premium (monthly)
Individual
$45.00
Individual+Spouse
$400.00
A. $5,000.00
B. $45.00
C. $400.00
D. $0
Review of ratings & the 80/20 Rule
Rate Review and the 80/20 rule are two tools provided by the health care law to hold insurance companies accountable and assist in limiting costs.
Review of Rate
You are better protected from arbitrary rate increases thanks to Rate Review. Any rate increase of 15% or more must now be disclosed publicly by insurance firms before your premium is increased. Plans that are grandfathered in are exempt from this.
To view the planned and actual rate increases for your insurance plan, look it up online.
80/20 Rule
According to the 80/20 Rule, insurance firms must spend at least 80% of the premium revenue they receive on healthcare expenses and quality-improvement initiatives. Costs for administration, overhead, and marketing can be covered by the remaining 20%.
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which type of global logistics intermediary moves global shipments through customs and handles the documentation? which type of global logistics intermediary moves global shipments through customs and handles the documentation? freight forwarder non-vessel-operating common carrier (nvocc) customs broker shippers' association transportation broker
The global logistics intermediary that moves global shipments through customs and handles the documentation is a freight forwarder. Thus, the correct answer is option A.
What is logistics?The term "logistics" refers to the act of organizing and transporting resources, such as people, goods, inventories, and equipment, from one location to storage at the intended location.
A freight forwarder, also known as a forwarding agent, is a person or business that arranges shipments for people or businesses to transport items from a producer or manufacturer to a market, client, or final point of distribution in exchange for payment.
To convey the products from one country to another, forwarders enter into a contract with a carrier, or frequently with several carriers. A forwarder serves as a logistics network specialist rather than moving the items.
Therefore, a freight forwarder is a type of global logistics intermediary that moves global shipments through customs and handles the documentation.
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an example of business fixed investment spending is group of answer choices a purchase of a computer by an accounting firm. $200 million of unsold cars at a car dealership. a purchase of a bond by general electric corporation. a purchase of a home by a household.
An example of business fixed investment spending is the purchase of a computer by an accounting firm.
What is a fixed investment?Fixed investments are spending by companies and businesses on physical assets, such as equipment and machinery, that are designed to be used over a long period of time. These types of investments do not get used up or wear out in the same way that consumable goods do, like raw materials, so they are not typically considered expenses.
As a result, they are capitalized on the balance sheet and depreciated over their useful life. Fixed investments are long-term investments made by companies to acquire or improve productive capital, such as buildings, machinery, or equipment.
This is distinct from working capital, which refers to the money required to operate day-to-day activities. An accounting firm purchasing a computer is an example of a fixed investment by a company.
Business fixed investment spending may also include the purchase of buildings, structures, and land, as well as investments in research and development, technology, and employee training programs.
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what is the differende between wants and needs?
Explanation:
Want — have a desire to possess or do (something); wish for. Need — require (something) because it is essential or very important rather than just desirable.
An art restorer, after attending art school for a number of years, secured a job restoring the paintings for an art museum. After several years on the job, the artist discovered that he could imitate the artwork of nearly any artist. He decided that he could make some extra money copying the artwork of up-and-coming artists, while staying away from more well-known artists to reduce his chance of getting caught. An art collector searching for a painting by a new artist saw the restorer at an art fair selling various paintings, one of which appeared to be by the new artist. The restorer was selling the painting for $100. The collector thought that the price was very low and that the painting should probably sell for around $500, but she bought the painting anyway, giving the restorer $100 after the restorer confirmed that the painting was an original from the new artist. After taking it to an art appraiser for insurance purposes, she discovered that the painting was a forgery. However, she also discovered that the painting's frame was worth about $125. With which theft offense may the art restorer be charged
Answer: False pretenses.
Explanation:
The art restorer ma be charged with false pretenses. An individual will be charged with take pretense when the person makes an intentional statement so that he or she can defraud a victim.
In this case, through false pretense, the art restorer defrauded the art collector of $100 since the painting was forgery. The art restorer obtained title to another person's property in this case through false pretense is as to defraud the art collector.
john went on a trip with his friends before making his credit card payment. when he returned home he put his payment in the mail to the credit card company who recived the payment six days after the due date which term applies to this situation
Answer:
Jhon bought a used car and got a loan from his credit union.
The Overtons bought a new home and mortgaged it for 30 years.
Tammy borrowed $40,000 in school loans to be paid back in 5 years.
Answer:
Annual Percentage Rate
Explanation:
A percentage of your balance each month is
set as the minimum amount you are required
to pay on your account to not be considered
“late” or “in default”
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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Consumers' willingness to pay for a good is used to derive the _____ for that good.
a. demand curve
b. cost of production
c. producer surplus
d. supply curve
The correct answer is a. demand curve. Consumers' willingness to pay for a good is used to derive the demand curve for that good. The demand curve represents the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various price levels. It illustrates the demand side of the market and shows how the quantity demanded changes in response to changes in price.
The demand curve is derived based on consumers' preferences, income levels, and other factors that influence their willingness to pay for a product. It is typically downward sloping, indicating that as the price of a good increases, the quantity demanded decreases, and vice versa. By analyzing the demand curve, producers can understand the relationship between price and quantity demanded, which helps them make decisions regarding production levels, pricing strategies, and resource allocation.
In summary, the demand curve is derived from consumers' willingness to pay for a good. It represents the relationship between price and quantity demanded and helps producers understand consumer behavior and make informed decisions in the market.
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Why is it important to make the distinction between provider
payment and provider reimbursement? Discuss the distinctions using
examples of provider reimbursement.
250 words 250 words 250 words
Answer:
The distinction between provider payment and provider reimbursement is crucial as it helps to understand the different aspects of healthcare financing and how healthcare providers are compensated for their services. Provider payment refers to the transfer of funds from payers, such as insurance companies or government programs, to healthcare providers for the services they deliver. On the other hand, provider reimbursement specifically refers to the method and amount of payment that providers receive for their services.
Provider reimbursement encompasses various mechanisms and models that determine how much a healthcare provider will be paid for a particular service or set of services. It takes into account factors such as the type of service provided, the complexity of the procedure, the geographical location, and the payer's policies. Reimbursement methods can include fee-for-service, capitation, bundled payments, and pay-for-performance, among others.
For example, in a fee-for-service model, providers are reimbursed based on the number of services they deliver. Each service is assigned a specific fee, and providers receive payment for each service rendered. This model incentivizes the volume of services delivered, which can sometimes lead to overutilization or unnecessary procedures.
In contrast, bundled payments involve reimbursing providers a fixed amount for an entire episode of care, such as a surgical procedure or a specific treatment for a chronic condition. This approach encourages coordination and collaboration among providers to deliver high-quality, cost-effective care.
Understanding the distinctions between provider payment and reimbursement is crucial for policymakers, payers, and healthcare providers. It allows them to design and implement reimbursement models that align incentives with desired outcomes, such as improving the quality of care, controlling costs, and promoting patient-centered care. By considering the nuances of reimbursement, stakeholders can develop innovative approaches that address the specific needs of different healthcare systems and populations.
In conclusion, making the distinction between provider payment and provider reimbursement is important because it clarifies the methods and amount of compensation healthcare providers receive for their services. By understanding these distinctions and exploring different reimbursement models, policymakers and payers can create systems that drive high-quality care, improve patient outcomes, and ensure the financial sustainability of healthcare delivery.
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Write three sentences.What is summer mainly about and what is your fav thing about summer time?
You own a 500-unit apartment complex and charge a monthly rental rate of $1,100 per unit. When the apartments are 80% occupied, monthly operating costs total $200,000, $120,000 of which are variable costs. A nearby manufacturing plant has just announced that it is expanding and adding additional jobs in the upcoming year. As a result, you anticipate occupancy will increase to 95%. Using your knowledge of cost behavior, what is your predicted monthly operating income? O A. $222,500 O B. $307,500 O C. $285,000 O D. $300,000 O E. None of the above.
B. $307,500. With 400 apartments occupied at $1,100 per unit, the total revenue is $440,000. To $144,000, variable expenses will rise. Fixed expenses will continue to be $80,000. This results in a projected operating income of $307,500 each month.
$307,500. With $1,100 per apartment and 400 flats occupied, the total revenue is $440,000. Variable expenditures will increase to $144,000. The fixed costs will remain at $80,000. As a result, a monthly operating income of $307,500 is predicted. The complex brings in $440,000 per month ($1,100 x 400 units) at 80% occupancy. $120,000 in total variable costs leaves $320,000 to pay for fixed expenses and produce operational revenue. Revenue will rise to $522,500 ($1,100 x 475 units) when occupancy reaches 95%. The rise in variable costs to $144,000 ($120,000 + 0.2 x $120,000) will leave $378,500 to pay for fixed expenses and produce operational revenue. The anticipated monthly operating revenue will be $307,500 ($378,500 - $80,000), while fixed costs will stay at $80,000.
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Which costing method assigns only manufacturing costs to products?.
Answer:
Traditional costing
Explanation:
Using traditional costing, only manufacturing costs can be assigned to products. Under ABC, both manufacturing and non-manufacturing costs may be assigned.
What has Ms. Blakley and her team at USC discovered about social media?
Social media apps will aid in the eradication of various societal gender stereotypes. The media defines us by repeating tired tropes. That will alter, fortunately.
How do social media sites affect gender?Social media use was solely linked to internalising symptoms for girls, according to the conditional nature of the influence on gender. Only conversing and self-presentation (posting information about oneself) on social media were positively correlated with internalising symptoms.
How does gender appear on social media?With commercials and photographs, the media promote gender roles and behavioural tendencies where women's tasks range from caring for children to working, showing women's reliance, while males are depicted as more independent and less reliant.
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