Sally is considering opening up a lemonade stand to earn some spending money over the summer. She estimates each glass of lemonade will cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass?
Q: General accounting
A: The gross profit is calculated as the selling price minus the cost of the product. In this…
Q: Expense Adjustments Faraday Electronic Service repairs stereos and DVD players. During the year,…
A: To calculate for the Insurance expense. We have to consider how many months had passed from the…
Q: Managerial Accounting
A: We can apply the Rule of 72 to determine when Bob's investment will double. According to this…
Q: Creative thinkers recognize that they don't know everything and will:A , Refuse different ideas and…
A: The question is asking about the characteristics of creative thinkers, specifically how they…
Q: None
A: Step 1:Allowance method of bad debts is the method where a reserve for estimated bad debts created .…
Q: If you give me wrong answer, I will give you UN helpful rate.
A: Step 1: Calculation of net sales.Net sales = Sales revenue - Sales discount - sales returns and…
Q: None
A: Step 1:Bond DetailsFace Amount: $201 millionCoupon Rate: 10% (annual)Market Yield: 12%…
Q: Need help please not use ai
A: Step 1: Define OverheadsOverheads are indirect costs of production that cannot be directly traced to…
Q: If you give me wrong answer, I will give you unhelpful rate
A: Step 1: Define High-Low MethodThe high-low method is the easiest method of segregating fixed and…
Q: Please Need Answer with solution and give me correct option
A: Step 1:Segment margin is profit of a segment calculated by adding all revenue and deducting all…
Q: None
A: Detailed explanations: a. The write-off is the "Adjustments or deductions" amount of -9.2 for 2020.…
Q: Please Provide Solution.... Give me answer
A: To calculate Rural Hydroponics' total asset turnover, use the formula: Total Asset Turnover=Total…
Q: Question: Last year, Delbert Company produced 10,000 units and sold 9,000 units at a price of $9.…
A: Explanation of Absorption Costing:Absorption costing is a method of accounting for production costs…
Q: Please Give true answer
A: Step 1: Define Return on equityThe equity return is the total gain made by the company's…
Q: Don't use Ai and chatgpt. Answer in step by step with calculation.
A: a.Step 1: Allocate the manufacturing overhead based on the number of units produced.Total…
Q: Need answer the question
A: Explanation of Sales:Sales refer to the total revenue generated from selling goods or services. In…
Q: Required information [The following information applies to the questions displayed below.] Annin…
A: FIFO Costing FormulaThe FIFO costing method assumes that the earliest costs incurred are the first…
Q: Evangel Inn’s balance sheets from 2014 and 2015 are as follows. Conduct a horizontal analysis…
A: First, we need to calculate the dollar change for each item on the balance sheet. This is done by…
Q: The City of Amarillo is authorized to issue $3,000,000, 5 percent regular serial bonds in 2023 for…
A: Step 1: Prepare the budgetary entries for the City of Amarillo regarding the issuance of the bonds…
Q: Business 123 Introduction to Investments May I please have the best solution for the following…
A: Mall World, a Real Estate Investment Trust (REIT), is scheduled to pay $5.25 in annual dividends…
Q: Business 123 Introduction to Investments May I have an expert please analyze and compare and…
A: Conclusion:Comparing financial ratios such as P/E, D/E, ROE, current ratio, and earnings growth rate…
Q: Need help with this question
A: Step 1: Introduction to notesNotes are also known as promissory notes which are a sort of debt…
Q: Problem 3 (10 Sapir Manufacturing Company has the following data at June 30, 2012: Instructions…
A: First, we need to calculate the total raw materials used during the month. This is done by…
Q: Jim and Jane are considering the possibility of opening their own machine shop. They expect…
A: The problem requires the determination of the break even point in dollars. The breakeven point (BEP)…
Q: Pacifico Company, a U.S.-based importer of beer and wine, purchased 1,700 cases of Oktoberfest-style…
A: Part 1: No HedgeAugust 15:Inventory (or Purchases) 459,000 EurosAccounts Payable 459,000…
Q: not use ai please
A: This problem revolves around the accounting treatment of an **operating lease** for Crescent…
Q: Financial accounting
A: Explanation of Sales Growth:Sales growth represents the percentage increase in a company's sales…
Q: A company plans to own and operate a storage rental facility. For the first month of operations, the…
A: Let's start by posting each transaction to the appropriate T-accounts. T-accounts are a tool used in…
Q: What is the return on equity?
A: Explanation of Sales:Sales, also known as revenue, represent the total income generated from goods…
Q: The auditors’ responsibility for reporting violations of laws and regulations under Generally…
A: Detailed explanation:Under Generally Accepted Auditing Standards (GAAS), auditors focus on private…
Q: Give correct answer not use ai
A: To get the value of the ending inventory under variable costing, we have to get the total variable…
Q: None
A: Step 1: Given that, Principal amount (PV) = $70,000 Annual interest rate = 9% Monthly interest rate…
Q: 26 Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at a…
A: First, we need to calculate the total sales for the next quarter. This is done by multiplying the…
Q: Cost-Volume Profit Analysis Incline Company generated $1,400,000 in revenue selling 800 units of its…
A: Part a:The contribution margin needs to be computed by dividing the contribution margin per unit by…
Q: North Star prepared the following unadjusted trial balance at the end of its second year of…
A: Detailed explanation: Certainly! Let's break down the preparation of the adjusted trial balance for…
Q: The stockholders' equity accounts of Vaughn Company have the following balances on December 31,…
A: Step 1: a1 & a2.Number of stock dividend issued = 7% * Outstanding shares= 7% * 295,000 = 20,650…
Q: Business 123 Introduction to Investments May I please have an expert's response to the following…
A: Investing in stocks allows you to own a portion of a corporation, which may be thrilling but also…
Q: your neighbor , loot stakin , invited you to lunch yesterday. sure enough, it was no free lunch…
A: The first misconception that Loot Stakin seems to have is about the role of auditors. Auditors do…
Q: tell me which is correct option and with reason why ?tell me which are incorrect option and with…
A: Hello student! Manufacturing Costs consists of the following items:Manufacturing costs = direct…
Q: SunDial Inc. uses the retail inventory method and has the following information available concerning…
A: The first step in the retail inventory method is to calculate the cost-to-retail ratio. This ratio…
Q: The E.N.D. partnership has the following capital balances as of the end of the current year:…
A: 1. Fergie's retirement using the goodwill method:First, we need to calculate the goodwill:Goodwill =…
Q: 47 Problem 1-25 (Algo) (LO 1-4, 1-5, 1-7) Matthew, Inc., owns 30 percent of the outstanding stock of…
A: To answer this problem, we need to calculate the equity method income for Matthew, Inc. and the…
Q: answer must be correct or i will give down vote
A: Step 1: Determine Adjusted Gross Income (AGI)Jerry's AGI (adjusted gross income) represents his…
Q: On June 1, 2023, Concord Company and Marigold Company merged to form Swifty Inc. A total of 870,000…
A: REQUIRED: A. The number of shares to be used for calculating: 1. Basic earnings per share = 1,…
Q: Victory Company uses weighted average process costing. The company has two production processes.…
A: Step 1: Calculate Equivalent Units of Production (EUP)Step 2: Calculate Total CostsStep 3: Calculate…
Q: not use ai please
A: Step 1: Variable Overhead Costs:Supplies: $15,000 / 3,000 machine-hours = $5 per…
Q: bok Problem 8-29 (Algo) Completing a Master Budget [LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8-10] The…
A: Step 1: Why it is necessary to Plan a Budget in Business? 1. Forecasting Demand:The purchasing…
Q: On January 2, 2025, Splish Company purchases a call option for $290 on Merchant common stock. The…
A: Approach to solving the question: Analysis Detailed explanation: Prepare the journal entry to record…
Q: The 2023 adjusted trial balance for Oscar Corporation (the Company) follows. Debits Credits Cash…
A: To record the depreciation expense and the sale of the equipment for Oscar Corporation in 2023, we…
Q: bok Problem 8-29 (Algo) Completing a Master Budget [LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8-10] The…
A: Detailed explanation: Certainly! Let's break down each requirement from the problem involving Shilow…
Financial accounting
Step by step
Solved in 2 steps
- Sally is considering opening up a lemonade stand to earn some spending money over the summer. She estimates each glass of lemonade will cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass?General accountingGloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.
- After a successful year for your beach shop, you are wondering whether to open one more store this year. There are equal chances for the coming summer to be rainy or sunny. If the weather is sunny, you will earn $55,000 in profits per store. However, if the weather is rainy, your profit will be $35,000 if you open one store and zero if you open two stores. What is your expected profit under complete information? O A $110,000 OB. $55,500 OC. $90,000 D. $72,500Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each 3 pack is 29.95 and you sell them for 59.95. If your operating expenses for the year total 144,080, what are your net income and net profit margin percentage?After a successful year for your beach shop, you are wondering whether to open one more store this year. There are equal chances for the coming summer to be rainy or sunny. If the weather is sunny, you will earn $90,000 in profits per store. However, if the weather is rainy, your profit will be $60,000 if you open one store and zero if you open two stores. What is your expected profit under complete information? O A. $75,000 O B. $180,000 OC. $150,000 O D. $120,000
- I need the answer as soon as possibleOften it makes a lot of sense to spend some money now so you can save more money in the future. Consider filtered water. A high-tech water filtercost about $60 and can filter 7,200 ounces of water. This will save you purchasing two 20-ounce bottle of filtered water every day, each costing $1.15. The filter will need replacing every 6 months. How much will this filter save you in a year’s time?She wants to know the amount of money she will be receiving after 6 months What I Can Do Read and analyze the situation below then answers the question gve. Your mom asked your opinion if she will be joining the cooperative in her office. and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: Tou need to prepare a report showing a cash flow diagram on the total amount Of money your mother will earn at the end of December. Teport, write a conclusion stating your opinion to help your mom to decide. At the end of your Cash Flow Diagram onclusion:
- I need help answering this question.Lou buys bottles of water from the grocery store, but is now considering the environmental ramifications of the waste. He is considering getting a water filtration system in his home, but it will cost $1.000, which would mean he would take out a small loan at 7% interest for one year. If bottled water costs $7 a week, what would be the difference in the costs after one year?You are thinking of starting a food delivery service. If you decide to go ahead, you would need to purchase a vehicle for $20,000 and establish a cash balance of $100 to use to make change for customers. The CCA rate for vehicles is 30%. The estimated annual pre-tax net operating cash flow is expected to be $8,000. The small business tax rate of 18.62% would apply. An appropriate discount rate for this type of business is 12%. a) What is the NPV of starting the business, operating it for 2 years and keeping the vehicle (but not the cash balance) after that? b) What is the NPV of starting the business, operating it for 2 years and then winding up all aspects of the business, including selling the vehicle for $10,000? The business has no other automotive assets. c) Should you go ahead with the business? Why or why not? (A one sentence answer is fine, but it should refer to the impact on you, not just the numbers).