Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:
Current Assets:
Cash 6,000
Inventories
Raw materials inventory 21,000
Work in progress inventory 40,000
Finished goods inventory 25,000
Merchandise inventory 48,000
Total inventory 1,34,000
Other assets
Accounts receivable 41,000
Prepaid expenses 1,000
Current assets 2,22,000
A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.
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On september 1, jerry co. Sold $2,000 of services for cash. On september 10, jerry co. Sold $5,000 of services on account. On september 20, jerry co. Collected $3,500 from accounts receivable. Calculate the ending balance in service revenue for september assuming no beginning balance.
5500 the ending balance in service revenue for September .
What is in a balance sheet?An organization's assets, liabilities, and owner equity are listed on a balance sheet as of any given date. A balance sheet is usually created at the conclusion of predetermined periods (e.g., every quarter; annually). Two columns make up a balance sheet. The company's assets are listed in the left-hand column.
What is a balance sheet used for?A balance sheet provides you with a momentary glimpse of your company's financial situation. A balance sheet can assist business owners in assessing the financial health of their organization along with an income statement and a cash flow statement.
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The September service revenue ending balance is $5500.
What is service revenue?Service revenue is the income generated by a company from providing a service. The amount is shown at the top of an income statement and is added to revenue from product earnings to show a company's total revenue for a given time period. This could be a subscription service, monthly rent, licensing fees, or a monthly retainer. Businesses can use recurring revenue to forecast future sales by calculating the value of ongoing payments. Service revenue stands for the banknotes a company produces from supplying a service. Revenue is recorded on the income statement rather than the balance sheet with other assets for accounting purposes. Revenue is used to invest in other assets, pay down debt, and distribute dividends to shareholders.To learn more about Revenue, refer to:
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ken a single taxpayer has a gross income of $79 685. he claims one exemption and can take a deduction of $1257
Ken, a single taxpayer, has a gross profit of $79,685. He claims one exemption and might take a deduction of $1,257 for scientific expenses, a deduction of $2,181 for hobby on his loan, an adjustment of $800 for alimony, a deduction of $1,419 for property taxes, an adjustment of $1,722 for commercial enterprise expenses, and an adjustment of $2,511 for contributions to his retirement fund. The standard deduction for an unmarried filer is $5,seven-hundred, and exemptions are really worth $three,650 apiece. the usage of the desk below, Ken owes an income tax of $12675.
The usual deduction is $910 better than the Nedages' deductions. Ken, an unmarried taxpayer, has a gross income of $79,685.the standard deduction reduces the number of earnings this is taxed and gets rid of the want for many taxpayers to itemize deductions due to the fact you may take the better deduction of the two.
A deduction can simplest decrease your taxable income and the tax charge that is used to calculate your tax. this may bring about a bigger refund of your withholding. A credit reduces your tax giving you a bigger refund of your withholding, however sure tax credit can give you a refund even when you have no withholding.
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a subscription model charges a variable fee based on the volume of transactions or operations performed by the application.
A subscription model does not charge a variable fee based on the volume of transactions or operations performed by the application. Hence, the given statement is false.
What is the subscription model?When a customer takes a subscription model, in that case, they are charged on a recurring basis for that particular product or service. They will have to change their subscription model after that.
Most subscription models provide all customers with some kind of option that they can renew or cancel. The subscription model does not charge a variable fee.
Therefore, it is based on the transaction, but it charges based on the plan for how long one is going to use the services.
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A travel agent needs to communicate with all
of the following EXCEPT which one when
planning out a trip for a client?
A. the client themself
B. the hotel registration
C. the flight attendant
D. the rental-car agency
Answer:
The flight attendant.
Explanation:
the combination of successive stages of production and distribution under a single ownership defines which vertical marketing system?
Corporate vertical marketing system
19) Which of the following is a fom of business organization that offers limited liability to its owners
and can raise financial capital through the sale of stocks? (35EMI3A DOK 2)
A, Sole proprietorship
B. Corporation
Monopoly
D, Consultancy
Answer:
B. Corporation
Explanation:
Corporation is a complex structure of business ownership recognized as separate and distinct from its owners. A corporation is subdivided into small units called stocks, equity, or shares. Each share or stock represents a small part of the company. Owning a share of a corporation is equivalent to owning a small portion of the corporation. A corporation issues shares to investors when it intends to raise additional capital. The shares of corporations are traded at the securities exchange markets.
Shareholders is the title given to owners of a corporation's shares. one feature of a corporation is that it offers its shareholders limited liability to the company's debts. Should the corporation fail in meeting its obligations, shareholders' personal assets cannot be used to settle the debts.
The letters A, B, C, D, E, F, G are called what?
the balanced socrecard enables managers to consider thier business from all of teh following perspectives except
The Balanced Scorecard enables managers to consider their business from all of the following perspectives except the Ethical Perspective.
Balanced Scorecard: A balanced scorecard is a strategic management performance statistic that aids businesses in identifying and improving internal processes that support their external objectives. It analyzes information about past performance and offers businesses advice on how to make future decisions that will be better.
A Balanced Scorecard has the following perspectives:
1)The financial perspective
2)The customer perspective
3)The process perspective
4) The learning and growth perspective
The Balanced Scorecard enables managers to consider their business from all of the following perspectives except the Ethical Perspective.
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when output volume increases, do variable costs per unit increase, decrease, or stay the same within the relevant range of activity? explain
Variable expenses will rise along with increased production and output.
Understanding Variable expenses
Any business's overall expenses are made up of both variable and fixed costs. Sales or production output determine variable costs. Per unit produced, the variable cost of production is a fixed sum. .
Sales commissions, direct labor costs, the price of raw materials used in production, and utility prices are a few examples of variable costs.
Since they can be readily altered, variable expenses are typically seen as short-term costs.
Calculation and Formula for Variable Costs
The output quantity multiplied by the variable cost per unit of output yields the total variable cost:
Total Variable Cost is equal to the sum of the output's units' variable costs.
Across profits, the variable cost per unit will change. It can generally be computed specifically as the total of the many forms of variable costs covered below. If variable expenses are incurred in batches, they might need to be divided among the commodities (i.e. 100 pounds of raw materials are purchased to manufacture 10,000 finished goods).
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muggins is evaluating a project to produce a new product. the product has an expected life of four years. costs associated with the product are expected to be as follows.
Muggins is evaluating a project to produce a new product. the product has an expected life of four years. costs associated with the product Assess on financial grounds whether the project is acceptable.
What is financial ?Money, currencies, and capital assets are the subject of the study and practice of finance. The study of the creation, transfer, and consumption of money, assets, goods, and services is known as economics. However, the two are not the same thing. The field of finance can be loosely classified into three categories: personal, corporate, and public. Finance activities occur in financial systems at various scales.
Assets are purchased, sold, or exchanged as financial instruments in a financial system, including money, loans, bonds, shares, stocks, options, futures, and so on. To enhance value and reduce loss, assets can also be banked, invested in, and insured. Risks are actually always present in financial transactions and companies.
Finance is a big subject, and there are many subfields within it.
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investigating the cost-effectiveness of operative versus nonoperative treatment for distal radius fractures
The average cost of care for a radius fracture patient ranged from $6,577 to $8,181 depending on the definition of an episode of care. No matter definition, the variant in cost turned into high. The fee of the surgical procedure itself composed sixty-one% to ninety-one% of the total cost of an episode.
If the distal radius fracture is in a terrific function, a splint or forged is carried out. It regularly serves as a final treatment until the bone heals. normally a solid will stay on for up to 6 weeks. Then you may be given a detachable wrist splint to wear for comfort and aid.
Whilst distal radial fracture surgery is not constantly important that allows you to fix the damage, this kind of wrist surgical operation is one of the maximum typically achieved by way of orthopedic physicians.
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while international trade is as logical as interstate trade, some nations restrict imports of certain goods for a variety of reasons. the united states recently restricted the import of fresh tomatoes from mexico. why did the united states restrict the imports of tomatoes?
The United States has restricted fresh tomato imports from Mexico because fresh tomato is driving down domestic fresh tomato price levels, which could create an economic imbalance for domestic companies.
What are the negative effects of international trade?The main negative effects associated with international trade are associated with the devaluation of local businesses, since, due to exchange rate changes, foreign companies can offer a more competitive and lower price than that charged by local companies.
Another effect occurs through increased consumerism and the use of scarce resources for production, increasing the environmental imbalance.
Therefore, there are several consequences of international trade that must be managed by the economic policies of a country, which must also encourage national companies by reducing interest, bureaucracy and investments.
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in some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone.
In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone. This statement is True.
What is technology in a simple definition?
Technology is the application of scientific knowledge to practical ends in human life, or, as it is sometimes expressed, in modifying and manipulating the human environment.
How important is technology?
Helping people solve problems, save time, save lives, communicate and share information, and manage the dynamics of everyday life. New technological developments are driving the world forward, making it more efficient and better.
What is technology used for?
Technology's purpose is to enable the effective exchange of data to address some of society's greatest challenges and to enable individuals and organizations to become more innovative, efficient , to help you be productive.
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to plan effective marketing strategies, a company needs to find out all it can about its competitors. it must constantly compare its marketing strategies, products, prices, channels, and promotions with those of close competitors. this is an example of
This is an example of Competitor Analysis
An evaluation of the advantages and disadvantages of present and future rivals is known as competitive analysis in marketing and strategic management. In order to recognize possibilities and risks, this analysis gives both an offensive and a defensive strategic perspective.What information should a competitor analysis contain?A competitive study should look at the attributes, market share, prices, marketing, differentiators, strengths, and weaknesses of your rivals as well as their locations, cultures, and consumer feedback. This article is for small company owners, both new and experienced, who wish to research their rivals to enhance their goods or services.To learn more about Competitor Analysis, Click the Links.
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ms. venus has $100 income this year and $110 next year. the market interest rate is 10 percent per year. suppose ms. venus consumes $60 this year. what will be her consumption next year?
ms. venus consumption next year will be $154
How to calculate the consumption ?The first step is to write out the parameters
ms. venus has $100 this year and $110 next year
the market interest rate is 10 percent per year
ms. venus will consume $60 next year
Therefore her consumption can be calculated as follows
(100-60) × 1.1 + 110
= 40 × 1.1 + 110
= 44 + 110
= 154
Hence the consumption for next year is $154
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principles of environmental science 10th edition by william cunninghamisbn-13. 978-1264091188 publisher. mcgraw-hill
This problem is a true statement.
What is principles of environmental science ?
The EU environmental principles provide judges and decision-makers with direction, give legislation substance, and safeguard the environment. Environmental science frequently highlights that even while we face many difficulties, there are also many opportunities. Critical obstacles must be overcome in a number of areas, including the protection of clean water, climate change, population expansion, and sustainable agricultural systems.
Therefore,
Principles of environmental science 10th edition by william cunninghamisbn-13. 978-1264091188 publisher. mcgraw-hill
This problem is a true statement.
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why are more organizations using project management? if you were an executive, how would you justify your decision to use project management to the board of trustees?
Organizations use project management because powerful assignment management gives corporations a competitive advantage. in case you were a govt, how could you justify your choice to use undertaking management to the board of trustees: That’s because accurate venture control is ready more than just tasks and timings and budgets. Don’t get us wrong, that stuff is vital too — however, we agree that it can be a lot greater. businesses are starting to recognize that correct mission control is important for more potent consequences and happier employees. those aren’t simply coincidences or facet results — they’re capabilities of assignment control completed properly.
Project management is the manner of leading the paintings of a team to reap all assignment desires within the given constraints. This record is commonly described in project documentation and created at the start of the improvement manner. The number one constraints are scope, time, and finances.
This Project management gadget facilitates your engineering group music every initiative. An unmarried machine can manage each component of each mission your engineering crew is executing. In notion, all the assignment work lives side-via-side closing dates and updates — saving you time bouncing among gear.
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during the summer, the largest computer game retailer has a massive sale. as prices for computer games fall, consumers purchase more games, ceteris paribus. what does the term ceteris paribus mean in this context?
According to the question, the term ceteris paribus means that as prices of computer games fall, customers purchased more games while all other factors remain the same. This is in Agreement with the Law of Demand
What is the Law of Demand.
The law of demand in economics is one that describes the relationship between Price and Demand. It states that if the price of goods go up, consumers will demand less of that goods and vice versa.
It therefore implies that price and demand exist in an inverse relationship. As price increases, the demand decreases and if price decreases, the demand increases.
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in the case of international shoe company v. state of washington, the u.s. supreme court held that a company does not submit to the jurisdiction of the state courts unless it does business with the state at what level? it has an office within the state. it earns a profit within the state it has certain minimum contacts within the state. has its headquarters within the state.
While International Shoe requires a state to have both general and specific jurisdiction over a personal defendant in order to satisfy personal jurisdiction, it does not hold that general jurisdiction alone can satisfy personal jurisdiction.
What is Jurisdiction?
In law, jurisdiction is a court's authority to hear and decide cases. This authority is based on the constitution. Appellate jurisdiction, in which a superior court has the authority to correct legal errors made in a lower court; concurrent jurisdiction, in which a suit may be filed in any of two or more courts; and federal jurisdiction are examples of judicial jurisdiction (as opposed, for example, to state jurisdiction). A court may also be granted the authority to operate within a specific territory. Summary jurisdiction, in which a magistrate or judge has the authority to conduct proceedings that result in a conviction without a jury trial, is limited to minor offenses in the United States.
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this section should include how using the spreadsheet data assisted you in 1) identifying supplier’s record for on-time deliveries, 2) suppliers offering the best accounts payable terms, and 3) suppliers offering lower pricing when the same item can be provided by multiple suppliers.
The spreadsheet data assisted by way of: helping with information Exports. Spreadsheets may be used to comprise records that has been exported from other structures.
A spreadsheet is a pc application for computation, company, evaluation and storage of information in tabular shape. Spreadsheets had been developed as automatic analogs of paper accounting worksheets. the program operates on facts entered in cells of a desk.
Spreadsheet, pc program that represents statistics in a two-dimensional grid of facts, at the side of formulation that relate the statistics. historically, a spreadsheet is an accounting ledger page that suggests numerous quantitative facts useful for coping with a business.Excel information types are the four exceptional styles of values in Microsoft Excel. The four styles of statistics are text, quantity, logical and blunders. you can perform extraordinary features with each type, so it is important to know which ones to apply and when to use them.
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nancy compnay has a balance of 15000 in accounts receivable on december 31, of which 1500 is more than 30 days overdue
The company's Allowance for Doubtful Accounts has a starting debit balance of $45 dollars. They calculate that 1% of current accounts and 10% of accounts older than thirty days are uncollectible.
Doubtful Accounts
A doubtful account is one on which you are due payment but are unsure if your company will actually receive it. To put it another way, the debt is what you might have to write off and take a loss on.
Businesses have questionable accounts for a variety of reasons, including
Unsatisfactory Service: If a consumer is unhappy with the caliber of your goods, services, or supplies, they may complain and decide to postpone paying you until the problem is remedied.
Financial Crisis: A client may experience financial difficulty and file for bankruptcy or insolvency.
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stockholders' equity at the beginning of the year for atlas inc. was $390,000, while its liabilities totaled $230,000. during the year its assets increased by $75,000; its liabilities decreased by $50,000. which of these is stockholders' equity at the end of the year for atlas inc.?
Stockholders' equity at the beginning of the year for atlas inc. was $390,000, while its liabilities totalled $230,000. during the year its assets increased by $75,000; its liabilities decreased by $50,000. $515,000 is stockholders' equity at the end of the year for Atlas inc.
A person who holds at least one share of a company's capital stock is known as a stockholder or a shareholder of the business. Stockholders, who make up the majority of the company's owners, typically benefit from success through rising stock prices.
A stockholder is a person who owns shares in a firm, according to the definition. Among stockholders is someone who has Apple shares. noun. a stockholder in a corporation or joint-stock firm who has one or more shares of stock. equivalent to the shareholder.
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Which of the following is not a category of US court systems
Answer:
u need to give answer choices sorry bud
Explanation:
pls give brainleist
The all-emissions corporation moved its automobile production plant to a country in south america because it could freely dump waste products into the nearby ocean. By doing this, the corporation was contributing to the concept of.
By doing this, the corporation contributes to the concept of the tragedy of the commons.
The tragedy of the commons is an economic theory that states that individuals use resources Socialism vs. Capitalism In economics, socialism vs. capitalism represents opposing schools of thought, and their central arguments touch on the role of government in the economy and economic equality. among citizens shared by many for their own benefit. The reality is often because individuals tend to act in selfish ways, using resources shared by the group, everyone will suffer in the end.
A good example of the theory of shared tragedy is the concept of global warming. While this issue is still a hot topic of debate, there is a large amount of scientific evidence that the atmosphere and ozone layer have been repeatedly abused and polluted, causing holes that lead to more sun exposure and warmer temperatures on the planet.
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construction surveying requires methods delivering high accuracies. what types of back-sights are the best for getting the highest accuracy when turning angles?
Construction surveying requires methods to turn in excessive accuracies. what styles of again-points of interest are the pleasant for purchasing the best accuracy when turning angles: long.
The construction process has 6 phases: the website is prepared; the foundation is laid; the body and roof are built; the walls, home windows, and doorways are added for the lock-up level; the indoors is equipped out, and the practical final touch degree allows a test through the owners and any very last adjustments to be made. creation is a vital enterprise, developing buildings and spaces that connect groups, offer jobs, and improve society.
An instance of Construction is the creation and decorating of a brand new ice cream shoppe in a store that formerly changed into a shoe store. An example of construction is the artwork of creating houses and businesses. An example of production is how a sentence is prepared for the usage of phrases. something common or devised systematically. constructing creation has one-of-a-kind tiers like making plans, designing, site instruction, basis plinth construction, column, beam, slab production, plastering, and finishing work.
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General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?
Answer:
The army contract
Explanation:
Productivity can be measured by output per hour. i.e.
dividing the total output by hours worked.
productivity = output/hours worked
The navy contract
output =4,300
the hours worked = 20 workers working for two weeks, each week has 40 hours
Each worker worked 40 x 2 hours = 80 hours
20 workers worked for
80 hrs x 20
= 1600 hours
Productivity = 4,300/1600
=2.6875
For the military contract
output = 8300
hours worked
= 25 workers in three weeks, each week 40 hours
each worker worked, 40 x 3 hours = 120 hours
Twenty-five workers:
=25 x 120 hours
= 3000 hours
Productivity = 8300/3000
=2.766
The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).
in the planning process, what is the role of tactical goals and plans? set company direction set purpose of business link strategy and operations guide day-to-day activities
The role of the tactical goals and plans in the planning process would be to Links strategy and operations.
What is the planning process?The planning process is the process that the business utilizes in the development of objectives as well as the resources that are needed in order to meet with the goals and the objectives of a venture,
The role of The role of the tactical goals and plans in the planning process would be to Links strategy and operations.
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target and walmart sell athletic clothing at a lower price than specialty retailers. these stores operate under .
Target and Walmart, which sell athletic clothing at a lower price than specialty retailers, operate under the overall cost leadership strategy.
What is the cost leadership strategy?The overall cost leadership strategy is one of the generic competitive strategies that an entity can employ to expand its sales revenue, increase profits, and gain a competitive advantage.
The overall cost leadership strategy entails that the business offers quality products at low prices (even lower than competitors) and increases profits by reducing its costs.
Thus, what Target and Walmart are doing to gain a competitive advantage over specialty retailers is cost leadership.
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Question Completion with Answer Options:a. Cost Leadership Strategy.
b. Differentiation Strategy.
c. Cost Focus Strategy.
d. Differentiation Focus Strategy.
Cash paid to purchase long-term investments would be reported in the statement of cash flows in.
The cash paid to purchase long-term investments would be reported as b) cash flow from investing activities.
Typically, long-term making investment approach five years or greater, however, there's no company definition. by means of know-how when you need the funds you are investing, you will have a higher feel of appropriate investments to pick out and what sort of risk you must tackle.
Stocks, bonds, mutual price ranges, and alternate-traded budgets can lose fees, even all of their fee if market conditions sour. Even conservative, insured investments, such as certificates of deposit (CDs) issued with the aid of a financial institution or credit score union, include inflation risk.
There are several reasons your 401(okay) can be dropping cash. One reason is that the stock marketplace is really going through a down period. Another cause your 401(k) may be losing cash is that you have invested in a selected enterprise or enterprise that is not doing nicely. eventually, your 401(k) may lose money because of charges.
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while on the surface incoterms® rules determine who pays what when, ultimately the directly or indirectly pay(s) the costs of transportation and international shipping.
While on the surface incoterms® rules determine who pays what when, ultimately the importer directly or indirectly pay(s) the costs of transportation and international shipping.
What do you mean by Costs of transportation?
Transportation costs are defined as the costs that consist of all of the expenses linked with the transportation of un-prepared substances, finished products, and personnel.
Moreover, the major factor that affect the cost of Transporation is demand and supply. It includes all the amount that is necessary for providing the goods and service to customers on time and in perfect quality without any breakage.
At the time when a good transportation method is applied, it helps in reducing the transportation cost involved in moving goods and services from one location to another.
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