Answer: $527,000
Explanation:
Salaries to authors = $347,000
Fees to contracted editors = $180,000
Copyrights obtained = $83,000
Purchase of a new printing warehouse = 1.3 million
Upgrade of current printing equipment = $560,000
McKinney Enterprises expense will be:
= Salaries to authors + Fees to contracted editors
= $347,000 + $180,000
= $527,000
Answer:
Virtuous Circle
Explanation:
Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.
It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.
Answer:
Under the installment sales method, the total contract price is $85,000
gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)
and the amount of gain reported in 2018 is $3,459.
Answer:
Identifying fixed cost and variable cost.
Explanation:
- The behavior cost is those costs that will completely change when there are minute changes in the activity and includes the variable and the fixed costs and the semi-variable costs.
- As an example of the fixed cost is the insurance. While the variable cost is flour for the bakery that produces artisan bread. And that of the semi mixed cost is the cost of the bakery cost and the natural gas.