Business

Johnson Inc. has $500,000 in an investment paying 8% annual taxable interest. Each year, the corporation incurs a $3,000 nondeductible cash expense relating to the investment. If Johnson's marginal tax rate is 35%, compute the annual after-tax cash flow.
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A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $4.00 per slice, $1,234.00 as monthly rental and $225.00 monthly as insurance. They consider the cost of lost sales as $5.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $15.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 228.00. How much profit did the restaurant earn today?
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The market price of pizzas in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because the price of dough, an important ingredient for making pizzas, has decreased. Other students attribute the decrease in the price of pizzas to a recent increase in the price of beer. Everyone agrees that the increase in the price of beer was caused by a recent increase in the price of grain, which is not generally used in making pizzas. The first group of students thinks the decrease in the price of pizzas is due to the fact that the price of dough, an important ingredient for making pizzas, has decreased.
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The general journal for Wells Tech includes the entry below. Based on the information in this entry, which of the following can you determine about the corresponding general ledger entries?The rent expense of $650 was debited to account 500 and the cash paid was credited to account 600.Which of the following journal entries is appropriate when a company receives payment in advance for goods or services?Debit cash and credit a liability account or a revenue account.
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Sal contracts with Tasty Pizza Company to deliver its products. Later,both parties change their minds and decide to cancel their contract.The next day, Sal again offers to deliver Tastys products. Tasty iswilling to deal, but for a new price. Sal and Tastya.can agree to a new contract, but it cannot include a new price.b.can agree to a new contract that includes the new price.c.must perform their original contract.d.must perform the part of their original contract that isexecutory.
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1. "The biggest thing when we talk about personal branding is that its a _________" a. Hard thing b. Waiting game c. Process d. Journey 2. What is a key factor of personal branding?a. Spending money on sponsored ads b. Being visible on all social platforms c. Grit d.Consistency
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When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be:_____
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What is a great example of using cluster analysis in business to create target-marketing strategies?
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Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attributes for a group of competing brands. In this case, Apex Corp. is most likely using the technique of _____.A.concept testingB.behavioral targetingC.perceptual mappingD.bivariate regression analysisE.analysis of variance (ANOVA)
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A description of what the company is capable of becoming is referred to as A. strategic mission. B. strategic flexibility. C. strategic vision. D. strategic concept. E. strategic familiarity.
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When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You should ask the taxpayer if they had any other interest income.a. True.b. False.
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Liam, the art director at Impact Advertising, has decided to lay off a production assistant due to the loss of a major client. Which of the following will be the best way for Liam to convey his decision? A) meeting with a follow up memo b ) Leading c) Both D)none of these
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The economy of Atlantia is defined by the private ownership of the means of production. Although products produced and prices are based on market factors, the government intervenes as a regulator to ban harmful products and to set a minimum wage. Atlantia is an example of a
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The Toro-Hessians are a minority group in the Margoza Archipelago, with a set of preferences, attitudes, and taboos, distinct from that of the national culture. Therefore, they are often overlooked when foreign businesses choose to customize their products for the inhabitants of the islands. The Toro-Hessian community is an example of ___________.
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The price elasticity of demand for gasoline in the short run has been estimated to be -0.1. If a war in the Middle East causes the price of oil (from which gasoline is made) to increase, how will that affect total expenditures on gasoline in the short run, all other things unchanged?demand will stay the same, but total expenditures will falldemand will decrease, but total expenditures will risetotal expenditures will remain unchangeddemand will not change, but total expenditures will rise
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Identify the high-contact and low-contact operations of the following services: a. A dental office b. An airline c. An accounting office d. An automobile agency e. Amazon
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On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2016, to April 30, 2017, with Shaffer paying the entire $6,000 on May 1, 2016.How much revenue should Varga recognize in 2016? (Do not round intermediate calculation.)
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What is the difference between direct and indirect promotional communication?
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Hutchinson Corporation has zero debt it is financed only with common equity. Its total assets are $410,000. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?
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Which of the following statements about the price elasticity of demand is correct The absolute value of the elasticity of demand ranges from zero to one. The elasticity of demand for a good in general is equal to the elasticity of demand for a specific brand of the good. Demand is more elastic the smaller the percentage of the consumer's budget the item takes up. Demand is more elastic in the long run than it is in the short run
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Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $769. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature?A. 5.73 years B. 7.41 years C. 6.16 years D. 4.19 years
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The employees at Software Solutions wear casual clothes, play pool at lunch, and bring their children to work. When Adrienne Sidon joined the company, no one explained these unwritten rules to her; she just figured them out. These informal codes of conduct followed by Software Solutions employees are known as
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LaVilla is a village in the Italian Alps. Given its enormous popularity among Swiss, German, Austrian, and Italian skiers, all of its beds are always booked in the winter season and there are, on average, 1,200 skiers in the village. On average, skiers stay in LaVilla for 10 days. A. How many new skiers are arriving on average in LaVilla every day? B. A study done by the largest hotel in the village has shown that skiers spend on average $50 per person on the first day and $30 per person on each additional day in local restaurants. The study also forecasts that due to increased hotel prices the average length of stay for the 2014/2015 season will be reduced to five days. What will be the percentage change in revenues of local restaurants compared to last year (when skiers still stayed for 10 days)? Assume that hotels continue to be fully booked!
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Expert Computers was started in 2018. The company experienced the following accounting events during its first year of operation: 1. Started business when it acquired $40,000 cash from the issue of common stock. 2. Purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. 3. Paid off one-half of the accounts payable balance within the discount period. 4. Sold merchandise on account for $28,000. Credit terms were 1/20, n/30. The merchandise had cost Expert Computers $16,000. 5. Collected cash from the account receivable within the discount period. 6. Paid $2,100 cash for operating expenses. 7. Paid the balance due on accounts payable. The payment was not made within the discount period. Required: a. What is the amount of gross margin for the period? b. What is the net income for the period?
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