Business, 10.03.2021 14:40 Svetakotok
7) Patrick owns a small but successful business selling and fitting bathrooms. He operates from a showroom
that costs him £36 000 a year. Last year he fitted 40 bathrooms with an average price of £4 000. His
variable costs are 50% of his selling price.
Calculate:
a.
Patrick's sales revenue
/1 mark
b. Patrick's total variable costs
/1 mark
c. Patrick's total costs
71 mark
d. Patrick's profit
/1 mark
10. What is Patrick's new profit as a percentage of sales revenue?
/3 marks
Answers: 3
Business, 21.06.2019 22:20
Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
Answers: 2
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
Business, 22.06.2019 22:50
Wendy made her career planning timeline in 2010. in what year should wendy's timeline start? a. 2013 o b. 2012 oc. 2010 o d. 2011
Answers: 2
Business, 23.06.2019 00:20
Barney corporation recognized a $100 million preferred stock balance on 12/31/2019. on january 1, 2020, barney issued $10 million in preferred dividends. on the same date, barney raised an additional $20 million via a new issuance of preferred stock. on december 31, 2020, the market value of the original amount of preferred shares rose $5 million. under us gaap, the 12/31/2020 year ending preferred stock balance is:
Answers: 3
7) Patrick owns a small but successful business selling and fitting bathrooms. He operates from a sh...
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