On January​ 1, 2017,​ Sophie's Sunlounge owned 4 tanning beds valued at​ $20,000. During​ 2017, Sophie's bought 3 new beds at a

Answer:

This question lacks options. Here are the available ones:

a) Partnership

b) C Corporation

c) S Corporation

d) Limited Liability Company

e) Limited Liability Partnership

The correct answer is option D: Limited Liability Company.

Explanation:

The term "Limited Liability Company" describes a type of business structure in business law that is beneficial for owners, offering specific characteristics. This form integrates features of both corporations and partnerships, allowing flexibility depending on the owner's situation. It's important to note that a significant aspect of this form is that the owner's personal assets are protected from company liabilities.

Answer:

A differentiated market

Explanation:

When a company creates products for at least two distinct categories or demographics, it follows a differentiated marketing approach.

For example, a retailer might promote items in multiple towns appealing to various individuals, or a business may market a brand tailored to women across different age groups.

Response:

The solution and calculations pertinent to this question are contained in the first, second, third, fourth, and fifth images.

Clarification:

Natalie intends to achieve a 25% profit on a sale of $70,000. To calculate, she does the following:

(125 ÷ 100) × 70000 = $87500.

Natalie aims for $87500, however, the agent will take a 6% commission on the sale price, so she must include this amount, calculated as:

(106 ÷ 100) * 87500 = $92750.

For the total of $92750, there is an additional closing cost of $1200,

This gives us $92750 + $1200 = $93950.

When rounding $93950 to the nearest hundred, we arrive at $94000.

Therefore, to secure a 25% profit, Natalie should set the final sale price at $94000.

Answer:

Ending inventory cost for April is equal to $121,875

Explanation:

Based on the information provided in the question:

Unit production cost       Absorption cost       Variable cost

Direct material                     $15                              $15

Direct labor                            10                                10  

Variable factory overhead    7.5                              7.5  

Fixed factory overhead          5

Total cost                               $37.5                       $32.5  

Finished goods inventory calculation results in 12,500 - 8,750 = 3,750

The cost of the finished goods inventory calculated using absorption costing = 3,750 × $37.50

= $140,625

The finished goods inventory cost using variable costing  = 3,750 × $32.50

= $121,875