Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and la

The price coefficient (b) in the linear demand function is calculated as -0.10, derived from the elasticity of demand formula. By substituting known quantities into the equation, we find that the slope b equals -0.10.

The purpose of the closing entries is to transfer account balances to the permanent records, moving all income statement balances into retained earnings. Common stock - $9000 Dividends - $800 Service revenue - $13,000 Wages Expenses - $8,400 Rent Expenses - $1,600 Closing Entries Particulars Dr Cr Income Summary $10,000 Wages Expenses $8,400 Rent Expenses $1,600 Service Revenue $13,000 Income Summary $13,000 Income Summary $3,000 (13000-10000) Retained Earnings $3,000 Retained Earnings $800 Dividends $800

Ratios can be expressed as fractions:
1:6 can be written as 1/6
2:11 can be represented as 2/11
We can find an equivalent fraction with a common denominator to compare:
1/6 equals 11/66
2/11 equals 12/66
Since 11 is less than 12, there are fewer men on Tuesday.
Therefore, more women should be present on Tuesday.

The answers are options 2, 3, and 4.

Answer:

The sales amount is $2,500,000

Explanation:

To achieve a net income of $450,000 this year, the company needs to total its net income with variable and fixed costs.

To clarify, we apply the net income formula:

net income=sales-variable costs-fixed costs

By reworking the formula, sales can be calculated as:

sales=net income+variable costs+fixed costs

variable costs equal to 70% of sales,, rendering sales to be 0.7 times sales

sales=$450,000+$300,000+0.7 sales

This leads to sales - 0.7 sales = $750,000

Thus, 0.3 sales equals $750,000

As a result, sales equals $750,000/0.3 which is $2,500,000