Ella has a mask collection of 400 masks. She keeps 144 of the masks on her wall. What percentage of Ella's mask collection does she keep on her wall?
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Ella has a mask collection of 400 masks. She keeps 144 of the masks on her wall. What percentage of Ella's mask collection does she keep on her wall?
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- During the COVID-19 pandemic, many people decided to start making face masks and selling them on the Internet. Etsy, for example, sold face masks from many different sellers. Suppose that Mary decided to quit her job where she earned $3,600.00 per month. During the month of July 2020, Mary sold 1,100.00 masks at $7.00 per mask. The following table reports information for Mary's costs to make the face masks. Item Material Wages paid to one employee Utilities Internet advertising For the month of July 2020, Mary's revenue was $ Part 2 Mary's accounting profit was $ Part 3 Amount $3,300.00 $550.00 $110.00 $275.00 Mary's economic profit was $ . Make sure you include the negative sign if her profit is less than zero.Kristen has 28 bags of mulch. Each bag will cover 3.75 square feet of ground. How many square feet will she be able to cover with the mulch she has?alice is a planning to attend several professional events and will purchase a suit costing between $100 and $200 dollars. she will wear them to the event and return them the next day for a refund. comment on the ethics of her plan and if there is a problem with the plan provide alternatives
- Don is using the floor plans for his new home to help him purchas base molding for the place where the walls meet the floor. The plans are drawn using a scale in which 1/3 inch represents 1 foot. He measures the walls on the floor plan with a ruler and finds they total 24 inches. If the molding costs $3.12 per foot, how much will Don spend on molding?Natalia makes colorful beaded necklaces and sells them at a local farmer's market. Natalia currently sells her necklaces for $40 each. She spends approximately $18 on the materials (beads, wire, and clasp) and $2 on packaging for each necklace. She pays annual fixed costs of $4,180 ($3,500 for space at the farmer's market, $180 for licenses and permits, and $500 annual depreciation on tent, display cases, and signage). a) How many necklaces does Natalia need to sell in 2021 to break even? necklaces b) How many necklaces does Natalia need to sell in 2021 to earn a profit of $25,000? necklaces c) Natalia's best guess is that she will sell 1,500 necklaces in 2021. If she's correct, what is Natalia's expected 2021 profit? d) Natalia estimates that if she reduces her selling price by 15% in 2021, she will sell 20% more necklaces. What is Natalia's expected profit if she reduces her selling price by 15%? Natalia estimates that if she instead increases her selling price by 15% in 2021, she…Olivia and Yixing are volunteering at a cat rescue shelter. The shelter supervisor asks them to clean out kennels and haul bags of cat food from the donation area into storage. It takes Olivia 6 minutes to clean out a kennel and 6 minutes to move a bag of food. It takes Yixing 10 minutes to clean out a kennel and 12 minutes to move a bag of food. For the following questions, round each answer to the nearest tenth. d. Yixing’s opportunity cost of cleaning a kennel: bags of food moved. e. Yixing’s opportunity cost of moving one bag of food: kennels cleaned. f. Yixing says it does not matter which task each of them performs, because Olivia is faster at both tasks. Is she correct? No, Yixing should clean out the kennels, and Olivia should move the food bags. No, Olivia should clean out the kennels, and Yixing should move the food bags. Yes, Olivia should do both tasks because she is faster at both. No, Yixing should do both tasks so that she…
- Kana is a CPA who loves chinchillas. She breeds chinchillas as pets (she currently owns 13 of them) and every so often sells a baby chinchilla to a suitable family to keep as a pet. In the current year, she sells $250 worth of chinchillas and incurs the following expenses: Line Item Description Amount Chinchilla cages $300 Advertising for chinchilla sales $2,500 This activity is considered a hobby. Kana has adjusted gross income of $72,000. What is the amount of income and expense Kana recognizes (assume she itemizes deductions) associated with her chinchilla hobby? If an amount is zero, enter "0". Line Item Description Amount Income $fill in the blank 1 0 DeductionSue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue spent $6 to wrap the gift. She also gave out 400 calendars with her company name on them. Each calendar cost $1. Sue also gave her secretary a $370 watch for his 10 years of service. How much of the above expenses may she duduct?On Oct 1, 2020, Ned started a new business customizing TV sets. He visited customers’ homes and installed colourful lighting that enhanced TV viewing. Soon, his friend Robert had the idea of prebuilding TV sets which customers could pick up. Since he was busy with installations, Ned decided he would pay Robert to build the TVs and sell them out of his garage. Robert earned $100 per TV he customized and sold. He earned $75 for each prebuilt TV which Ned delivered and installed in a customer’s home. Ned buys TVs in bulk at an average price of $300 per unit. He pays $250 for a big box of LED lights, which are enough to complete 10 TVs. Ned estimates that his work vehicle costs total $300 a month. In 2020, Ned completed 32 in-home installations, for which he charged $250 each. He also installed 11 prebuilt TVs, which he charged $700 each for. Robert sold 29 prebuilt TVs for $500 apiece. Ned is thinking of making a couple of changes for 2021, when he is expecting the sales numbers from 2020…
- Melissa and Maui purchased a brand new house. They are both very excited about decorating theinterior and the exterior of the house. Melissa plans to have everything colour coordinated. Tomatch the navy blue wall paint, she orders navy blue ceramic vinyl floor tiles from Ceramic TilesFiji (CTF). Melissa placed an order for one hundred 30cm by 30cm navy blue ceramic vinyl squaretiles.In order to process Melissa’s order, CTF required upfront payment of the entire contract sum of$7,000.00. Melissa attends to the payments on 3 May 2017. The terms of the agreement stipulates:“that the order will be processed within two weeks from the date of the receipt of full payment.That the tiles will be delivered within two weeks from the date of receipt of full payment. It alsostates that the purchaser has to exclusively engage the services of Delivery Fiji for the delivery oftiles.”Melissa feels it is quite unfair that they have to engage the services of Delivery Fiji and pay thema hefty sum of…Staci Valekbegan dabbling in pottery several years ago as a hobby. Her work is quite creative, and it has been so popular with friends and others that she has decided to quit her job with an aerospace company and manufacture pottery full time. The salary from Staci’s aerospace job is $3,800 per month. Staci will rent a small building near her home to use as a place for manufacturing the pottery. The rent will be $500 per month. She estimates that the cost of clay and glaze will be $2 for each finished piece of pottery. She will hire workers to produce the pottery at a labor rate of $8 per pot. To sell her pots, Staci feels that she must advertise heavily in the local area. An advertising agency states that it will handle all advertising for a fee of $600 per month. Staci’s brother will sell the pots; he will be paid a commission of $4 for each pot sold. Equipment needed to manufacture the pots will be rented at a cost of $300 per month. Staci has already paid the legal and fi ling fees…How do I do a general journal on this entry? Master Flow purchased a specialized pipe bending machine for the Warehouse. The machine has a purchase price of $8,000. It will cost $300 to have it delivered; $500 to have it setup and it requires a custom platform that will cost $1,000. The machine uses disposable grommets. Scott purchases an initial lot of $200 pieces of the disposable grommets for $200. The Manufacturer for the Machine is providing $10,000, 90 Day financing at a 10% interest rate for the purchase.
