Comparative income statements for South Drive Company for Year 2 and Year 1 are given below. Return on sales for South Drive is lower in Year 2 than in Year 1. What expense is causing this lower profitability?
|
Year 2 |
Year 1 |
|
|
Sales |
900,000 |
500,000 |
|
Cost of Goods Sold |
(432,000) |
(240,000) |
|
Gross Profit on Sales |
468,000 |
260,000 |
|
Wage Expense |
(74,000) |
(30,000) |
|
Rent Expense |
(90,000) |
(50,000) |
|
Operating Income |
304,000 |
180,000 |
|
Interest Expense |
(54,000) |
(30,000) |
|
Net Income |
250,000 |
150,000 |
Group of answer choices
Wage expense
Interest expense
Cost of goods sold
Rent expense
In: Accounting
Question 1 [25 Marks]
Read the news extract below and answer Question 1 (a) and (b): The South African government has approved sectorial minimum wages with effect from January 2019.
a. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labour. Using relevant diagrams and hypothetical numbers of the unskilled labour market, show the potential impact of the minimum wage on the labour market in South Africa.
b. If the demand for unskilled labour were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer change if the demand for unskilled labour were elastic?
In: Economics
“Minister of labour, Thulas Nxesi, has gazetted South Africa’s
new minimum wage which will take effect from 1 March 2020.
The gazette states that the new national minimum wage is R20.76 –
an increase of 3.8%”.
Adapted from:
https://businesstech.co.za/news/government/374920/6-planned-laws-that-government-has-just-announced-for-south-africa/
Accessed: 21/02/2020
Provide a discussion on the welfare effect of the above, that
illustrates the case for when the above results in unemployment in
the market for domestic workers as well as a case for when the
above has no effect on the market for domestic workers. Use a
diagram to support your discussion.
N.B.N.B Please include diagram
In: Economics
A company has 4 zones(north, south, east, west) and 4 supervisors available for assignment. It is estimated that a typical supervisor operating in each zone would bring in the following annual turnover: north:126000, south 105000, east 84000, west 63000. The 4 supervisors are also considered to differ in supervisory competencies. It is estimated that working under the same conditions, the company's yearly turnover would be proportionately as follows: supervisor I:7, supervisor II: 5, supervisor III:5, supervisor IV: 4. How should be the company allocate the best supervisor to the various zones in order to maximize its annual turnover. Use Hungarian method.
In: Statistics and Probability
A researcher was interested in whether American Basset Hounds were taller than European Basset Hounds. The average height for a European Basset Hound in the population is 12" (? = 1"). She took a sample of 14 American Basset Hounds and found that their average height was 13":
In: Statistics and Probability
Suppose that shoe sizes of American women have a bell-shaped distribution with a mean of 8.42 and a standard deviation of 1.52. Using the empirical rule, what percentage of American women have shoe sizes that are at least 9.94? Please do not round your answer.
In: Statistics and Probability
1.Describe how Native American women collaborated and worked with men to survive. How did women exert power and authority within their societies?
2. Explain the important role that Native American women held within spiritual/religious areas of life.
In: Economics
The equilibrium constant, K, for the following reaction is 10.5 at 350 K.
2CH2Cl2(g) CH4(g) + CCl4(g) An equilibrium mixture of the three gases in a 1.00 L flask at 350 K contains 5.47×10-2 M CH2Cl2, 0.177 M CH4 and 0.177 M CCl4. What will be the concentrations of the three gases once equilibrium has been reestablished, if 3.44×10-2 mol of CH2Cl2(g) is added to the flask?
[CH2Cl2] =_____ M
[CH4] = ________M
[CCl4] =________ M
In: Chemistry
The equilibrium constant, K, for the following reaction is 10.5 at 350 K.
2CH2Cl2(g) =CH4(g) + CCl4(g)
An equilibrium mixture of the three gases in a 1.00 L flask at
350 K contains
5.12×10-2 M
CH2Cl2,
0.166 M CH4 and
0.166 M CCl4. What
will be the concentrations of the three gases once equilibrium has
been reestablished, if 0.121 mol of
CH4(g) is added to the flask?
| [CH2Cl2] | = | _________M |
| [CH4] | = | _________ M |
| [CCl4] | = | _________ M |
In: Chemistry
PART C: PICKUP COIL
Step 1: Run the PhET sim, “Faraday’s Electromagnetic Lab.” Maximize
the window. Click the Pickup Coil tab. You should see a bar magnet,
a compass needle grid, and a coil attached to a light bulb.
Step 2: Describe the most effective way of using the magnet and the coil to light the bulb if
the coil cannot be moved.
the magnet cannot be move.
-------) Step 3:. Rank the arrangements and motions shown below from most effective to least effective in terms of lighting the bulb, allowing for ties. For example, if A were most effective, B were least effective, and C and D were equivalent to one another, the ranking would be A > C = D > B.(A=Transverse External) (B=Transverse Internal) (C=Longitudinal Internal) (D=Longitudinal External)
Step 4: Move the bar magnet through the coil and observe the motion of the electrons in the forward arc of the coil loops. Report the correlations of magnet motion and electron motion. a. Magnet approaches from the left, north pole first; electrons move downward. b. Magnet departs to the right, south end last; electrons move upward. c. Magnet approaches from the right, south pole first; electrons move _?_. d. Magnet departs to the left, north end last; electrons move _?_. e. Magnet approaches from the left, south pole first; electrons move _?_. f. Magnet departs to the right, north end last; electrons move _?_. g. Magnet approaches from the right, north pole first; electrons move _?_. h. Magnet departs to the left, south end last; electrons move _?_.
In: Physics