This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Dunweiler Inc, is developing a pro forma income statement for the coming year. The chief financial ... (Read 46 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jul 11, 2018
Dunweiler Inc, is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be 150,000,000.
 
  If selling, general, and administrative expenses (SGA) are historically 18 of sales, what are the expected SGA expenses (in dollars)?
  A) 18,000,000
  B) 27,000,000
  C) 30,000,000
  D) 41,000,000

Question 2

Michelle had four matching end tables in her home. A fire damaged the home, destroying two of the end tables. Michelle's home was covered by an unendorsed Homeowners 3 policy.
 
  Which of the following is true with regard to the settlement for the end tables in this case?
  A) Loss to a pair or set is excluded under the policy.
  B) The insurer will pay the difference in actual cash value of the property before and after the loss.
  C) The insurer will pay the replacement cost of the loss.
  D) If a partial loss to a pair or set occurs, the insurer is liable for replacement of the entire pair or set.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

onowka

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 11, 2018
Answer to Question 1

B
Explanation: B) SGA =0.18  (Sales) = 0.18  150,000,000 = 27,000,000.

Answer to Question 2

Answer: B


naturalchemist

  • Member
  • Posts: 542
Reply 2 on: Jul 11, 2018
Excellent

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
The developing and emerging nations have high rates of population growth The developing and emerging nations have high rates of population growth
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library