• debit to Allowance for Doubtful Accounts for $3,300. Multiple Choice Question 182 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? • 60.8 • 96.1 • 36.5 • 48.7 Find the final exam answers here ACC 291 Final Exam Answers Multiple Choice Question 119 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer.
What will be the monthly break-even point in number of passenger cars? 190 -70 = 120 90 * .6 = 54 Break-even for number of cars: (3,150,000 +0)/ (120) = 26250 26250/54 : 486 d. (Refer to original data.) Fuel cost is a significant variable cost to any railway. If crude oil increases by $ 20 per barrel, it is estimated that variable cost per passenger will rise to $ 90. What will be the new break-even point in passengers
Thus, we would probably see a greater percentage decline in glass bottles than in windows. 10. Let's think about the demand for plasma TVs. (a). If the price for a 500 plasma TV is $2,010, and Newhart would be willing to pay $3,000, what is Newhart's consumer surplus?
• Significant impact upon war-torn Europe, reducing its capacity to pay war debts and resulting in the imposition of retaliatory tariffs 3. Smoot-Hawley Tariff Act 1930 -- (June 17, 1930) • Tariff levels on 20,000 imported goods risen to an historical high, exceeding those rates set by the Fordney-McCumber Tariff Act (1922) • Narrowly passed by the Senate (44 to 42) • Resulted in the implementation of retaliatory tariffs by America’s trading partners i. This effectively closed foreign markets to American exports ii. US exports plummeted 60% between 1929 and 1933 • 1000+ economists signed a petition to appeal to Hoover to veto the motion in May 1930 i. ‘That act intensified nationalism all over the world... it encouraged further protectionism and led to a further decline in world trade’ an economist ii.
Both monies pooled together after taxes add together the sum of £1626.56. With outgoings at £1140 and £1625 pooled together there is a difference of £405 which split between the two girls would be a total of £202.50. Using the online household equivalence calculator this compensates Praveena’s loss of income by 37%. Case study 2 Casper is in the process of paying for his holiday which will cost him £2000, he is considering what to do? If Casper decided to take out a loan that charges 20% APR over one year for the amount of £2000 over 12 months he would expect to pay £183 per month for 12 months with interest of £205.
Another alternative being considered is paying the store manager a 50 cent commission on each shoe sold in excess of the break-even point. Being that 2,500 shoes were sold in excess of the 12, 500 shoes needed to break-even, the operating income has increased and is now approximately $40,000. Lastly, eliminating sales commissions entirely in the shops and increasing fixed salaries by $31,500 annually will make the break-even point for units sold 11, 000 and dollar sales
The test market showed that only 6 percent of the market tried product and of those 6 percent 30 percent bought 3 times their initial purchase. Let us assume that the factors of the test market are mirrored once they distribute to the 19 cities in the southern tier of the U.S. Table 1 below shows the potential profits given the same variables as the test market with a few changes. The biggest change is the fixed costs adjusted for a bigger market. Since the new market is roughly 4 times the size of the test market, I multiplied the expenses to match the new market accordingly. The test market numbers given in Table 1 shows a loss of $1,204,150, which is mostly attributable to the high market expenses.
Smokers all over New York are frustrated by the rise in price for a pack of cigarettes. Smokers will now pay $2.75 per pack in taxes compared to a $1.50 that it was just two weeks before (2008, Fox News). New York has the highest taxes for cigarettes all over the nation. What is a smoker to do when cigarettes cost almost $10 a pack? Some might quit.
A. A $40 billion increase in government spending B. A $20 billion tax cut and $20 billion increase in government spending C. A $10 billion tax cut and $30 billion increase in government spending D. A $40 billion tax cut 6. In an economy, the government wants to decrease aggregate demand by $48 billion at each price level to decrease real GDP and control demand-pull inflation. If the MPS is .25, then it could: A.