Question 40 Sales to customers on account: retail, $90,000; cost, $60,000. Date Debit Credit $90,000 $90,000 $60,000 $60,000
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- You want to add a new Product and Services entry to your client's QuickBooks Online company. The service is installation of a server that doesn't include the cost of the hardware. Here are some steps for getting the job done. 1. Select the Gear icon, select Products and Services, then select New2. _____________________________________________3. In the Name field, type Server installation4. In the Sales information field, type Server installation5. Sale price/rate is $12506. In the Income Account drop-down, select Service/Fee Income7. Select Save and close Which option correctly completes Step 2? A. Select Product B. Select Inventory C. Select Service D. Select Non-inventory E. Select BundleRESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please In what time did $ 2,300 become $ 7,900 at 34% simple annual interest?You are the manager of a camera store. Use the advertisement to answer the questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) $129.99 $199.99 An advertisement shows two cameras for sale. The PowerShooter 1800 sells for $129.99. The CyberShooter 2400 sells for $199.99. (a) If the PowerShooter 1800 is marked up by $66.50, what is the cost (in $) and what is the percent markup based on cost? cost$percent markup based on cost % (b) If the CyberShooter 2400 has a cost of $79.00, what are the amount of the markup (in $) and the percent markup based on cost? amount of the markup$percent markup based on cost %
- Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TIX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! Tix Total Users 15,500 22,100 37,600 Revenues $2,000,000 $2,080,000 $4,080,000 Engineering hours 10,4000 8,400 18,800 Engineering cost $ 881,000 $ 999,000 $1,880,000 Administrative costs…Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 10,700 18,100 28,800 Revenues $ 1,600,000 $ 1,440,000 $ 3,040,000 Engineering hours 8,200 6,200 14,400 Engineering cost $ 516,500 $ 635,500 $ 1,152,000 Administrative costs $ 921,600 Required: Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of usersto allocate administrative costs. Based on the rates computed in requirement (a), what is the profit for each service?Data 1-2-3 is a top-selling electronic spreadsheet product. is about to release version 5.0. It divides its customers into two groups: new customers and upgrades customers (those who previously purchased Data 1-2-3, 4.0, or earlier versions). Although the same physical product is provided to each customer group, sizable differences exist in selling prices and variable marketing costs: New Customers Upgrade Customers Selling price $225 $125 Variable costs Manufacturing $30 $30 Marketing 65 95 15 45 Contribution margin $130 $80 The fixed costs of Data 1-2-3 5.0 are $16,500,000. The planned sales mix in units is 60% new customers and 40% upgrade customers.…
- Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 12,500 19,600 32,100 Revenues $ 1,750,000 $ 1,460,000 $ 3,210,000 Engineering hours 12,200 8,200 20,400 Engineering cost $ 295,000 $ 415,000 $ 710,000 Administrative costs $ 1,123,500 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the revenue to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service?Open the file CVP from the website for this book at cengagebrain.com. Enter the formulas where indicated on the worksheet. Enter your name in cell A1. Save the solution as CVP2 and print the worksheet. Also print your formulas. Check figures: Break-even point in sales dollars (cell C35), 1,616,000; Net income (cell C38), 95,000.Please answer questions 4 and 5 in it's entirety. I already used another question to get 1,2 and 3. Please use exact terminology and use the image i've included to answer 5B. Due to erratic sales of its sole product—a high-capacity battery for laptop computers—PEM, Incorporated, has been experiencing financial difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (12,900 units × $20 per unit) $ 258,000 Variable expenses 129,000 Contribution margin 129,000 Fixed expenses 144,000 Net operating loss $ (15,000) Required: 1. Compute the company’s CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes that a $6,600 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will increase unit sales and the total sales by $90,000 per month. If the president is right, what will be the increase (decrease) in the company’s…
- Homewrek - Pls answer in 5 mins, its very urgentSocial Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 9,500 17,100 26,600 Revenues $ 1,500,000 $ 1,280,000 $ 2,780,000 Engineering hours 7,650 5,650 13,300 Engineering cost $ 439,125 $ 558,375 $ 997,500 Administrative costs $ 798,000 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 7,650 5,650 13,300 Users 9,500 17,100 26,600 Engineering-hour related administrative cost $ 114,380 User-related…Give typing answer with explanation and conclusion You are given the following information on a Company - ROAop = 10%, tc = 30% and rd = 5% if D/EV = 30%, what is ROE = ? Question 21 options: 8.05% 8.50% 10.00% 15.00% the answer is 8.5% but i dont understand how to get there can someone show me the work and break it down