Unethical behavior, such as routine cheating by stakeholders, can have a negative impact on managers' ability to do business. Such behavior undermines the trust between the stakeholders and the managers, resulting in poor communication and collaboration.
This can lead to reduced motivation, decreased efficiency, and difficulty in making decisions. It can also have a damaging effect on the reputation of the company and create legal issues.
In addition, stakeholders who engage in unethical behavior may have access to confidential information, which can be used to their advantage.
As a result, managers can face legal repercussions and be at risk of financial losses. To protect their businesses, managers must strive to create a culture of ethics and transparency, and monitor stakeholders to ensure compliance with ethical standards.
To know more about Unethical behavior refer here:
https://brainly.com/question/31131329#
#SPJ11
calculate variable cost using the high-low method. month units sold total cost jan. 190 $2,000 feb. 180 $2,100 march 40 $600 april 65 $550
To calculate the variable cost using the high-low method, first identify the highest and lowest activity levels:
Highest activity level: January with 190 units sold
Lowest activity level: March with 40 units sold
Then, calculate the variable cost per unit:
Variable cost per unit = (Total cost of highest activity - Total cost of lowest activity) / (Units sold at highest activity - Units sold at lowest activity)
Variable cost per unit = ($2,000 - $600) / (190 - 40)
Variable cost per unit = $6.32
Finally, multiply the variable cost per unit by the number of units sold in the other months to calculate the variable cost:
April variable cost = 65 units x $6.32 = $411.80
February variable cost = 180 units x $6.32 = $1,149.60
To learn more about variable cost, refer below:
https://brainly.com/question/27853679
#SPJ11
exporting is an expensive way to enter domestic markets. group startstrue or falsetrue, unselectedfalse, unselected
Exporting is an expensive way to enter domestic markets. Group starts. FALSE.
Exporting refers to the process of selling goods and services to foreign countries. It allows businesses to enter new markets and increase their customer base, which can result in higher sales and profits. While there are certain costs associated with exporting, it is not necessarily an expensive way to enter domestic markets.
There are several advantages of exporting, including the ability to:
Expand customer base: Exporting allows businesses to reach new customers in foreign countries. This can help businesses grow their customer base and increase sales.
Improve profitability: Exporting can increase profitability by allowing businesses to sell more products and services. This can help businesses offset the cost of exporting and improve their bottom line.
Build brand recognition: Exporting can help businesses build brand recognition and establish their reputation in new markets. This can help businesses increase their visibility and attract new customers.
Avoid market saturation: Exporting can help businesses avoid market saturation by allowing them to expand into new markets. This can help businesses maintain their sales and profitability over the long term.
While there are certain costs associated with exporting, such as shipping, tariffs, and customs fees, it is not necessarily an expensive way to enter domestic markets. In fact, exporting can be a cost-effective way for businesses to grow their customer base and increase their sales and profits.
To learn more about exporting, refer below:
https://brainly.com/question/28590941
#SPJ11
What is business paper from which information is obtained for a journal entry?
A business paper from which data is gotten for a diary section is known as a Source Document.
In the bookkeeping business, source documents incorporate receipts, charges, solicitations, proclamations, and checks - i.e., anything that documents a transaction. Any time a business spends or gets cash, a source document is made.
Source documents are a vital piece of the bookkeeping and accounting process. Notwithstanding, numerous consultants battle to gather and deal with their clients' source documents or don't gather and oversee them by any means.
Executing a smoothed-out framework for gathering and dealing with your client's source documents won't just work on the exactness, speed, and nature of your work - it will likewise empower you to be a superior business accomplice to your private company clients. We should investigate the significance of source documents, and how you can acquaint a more proficient framework with gathering and overseeing source documents at your practice.
to know more about source documents click here:
https://brainly.com/question/30467551
#SPJ4
if the yield increases--and everything else remains the same--the required capacity in flow units per time period . multiple choice question.
If the yield increases--and everything else remains the same--the required capacity in flow units per time period will? Increase. The correct answer is option D.
This is because when the yield increases, more output is produced in the same amount of time, and thus the required capacity is higher.
In other words, if the yield increases, the required capacity will also increase as it needs to be able to accommodate the increased output. If the yield increases--and everything else remains the same--the required capacity in flow units per time period also increases.
What is meant by required capacity?
The required capacity is the amount of energy, labor, or other inputs required to produce a product or service. In operations management, required capacity refers to the level of output required to meet a specific demand level over a specified period of time.Increases in yield increase the level of output required to meet a given demand level over a specified period of time, resulting in an increase in required capacity. Other things remaining constant, an increase in yield results in an increase in capacity required.
The correct answer is option D.
To know more about required capacity refer here :
https://brainly.com/question/15994861#
#SPJ11
the massage chairs at courtney's beauty salon are worth less now than they were last year. this loss of value is
The massage chairs at Courtney's beauty salon are worth less now than they were last year. This loss of value is due to the depreciation of assets.
What is Depreciation?Depreciation is a measure of the decrease in the useful life of an asset due to natural wear and tear, obsolescence, or physical deterioration. When an asset is purchased, its initial cost is known as the book value. Every year, as the asset depreciates, its book value decreases.
The initial cost of an asset decreases each year due to depreciation, which is a measure of the asset's loss in usefulness due to physical deterioration, obsolescence, or normal wear and tear. Every year, as the asset depreciates, its book value decreases.
Depreciation may be calculated using a variety of methods, including the straight-line, double-declining balance, and units-of-production methods, among others.
The depreciation rate is calculated using the formula Depreciation Rate = (Cost of Asset - Salvage Value) / Useful Life of Asset.
The useful life of an asset refers to the length of time during which it is anticipated to be useful before it becomes obsolete, wears out, or is replaced by another asset.
Learn more about depreciation at
https://brainly.com/question/17827672
#SPJ11
true or false: irr approach may lead to incorrect decisions in comparison of two mutually exclusive projects. true false question.
True . The Internal Rate of Return (IRR) approach may lead to incorrect decisions in comparison to two mutually exclusive projects.
What is the meaning of mutually exclusive projects? In finance, mutually exclusive projects are a set of undertakings where selecting one project prohibits the selection of other projects. This implies that the adoption of one project will exclude the adoption of the other project. As a result, mutually exclusive projects are a situation in which an investor has to pick between two or more projects where the acceptance of one results in the exclusion of the others.
What is IRR? The internal rate of return (IRR) is a metric used in capital budgeting to estimate the profit of prospective investments. It is the interest rate at which the net present value of the cash inflows is equal to the net present value of the cash outflows, which is used to calculate the IRR. The IRR method, which is a discounted cash flow approach, is often used to evaluate a project's feasibility by comparing it to the projected rate of return.
To learn more about "IRR" refer to the: https://brainly.com/question/27833699
#SPJ11
the section of a public relations plan that provides an overview is referred to as group of answer choices the management briefing. the executive summary. the situation analysis. the message statement.
The executive summary is the section of a public relations plan that provides an overview.
It is a short summary of the entire plan, usually no more than one page, that summarizes the key elements of the plan and presents them in a way that is easy for readers to understand.
The executive summary typically includes a brief description of the plan's purpose and goals, an analysis of the current situation and target audience, an outline of the proposed tactics, the expected timeline for implementation, a description of the resources needed to complete the plan, and a statement of the plan's objectives.
It should provide an accurate but concise description of the plan and explain why the plan is necessary and how it will help the organization achieve its goals.
To know more about executive summary here:
https://brainly.com/question/30410521#
#SPJ11
jerry has decided to sell his rapidly growing business to his oldest employee so he can retire and enjoy life in florida. jerry's decision is .
Jerry has made the decision to sell his rapidly expanding business to his oldest employee so that he can retire in Florida and enjoy life. Jerry's choice is an option for exit.
What Is an Exit Option?A clause in a business plan or project known as an "exit option" allows a company to abandon the plan without incurring significant financial losses. After a project or business plan has stated key developments, an exit option can typically be exercised.
An exit option refers to decisions regarding capital budgeting and investment options, such as whether to pursue an investment option, discontinue investment, or pursue other business options—not options trading on underlying securities.
To learn more about investment visit :
https://brainly.com/question/15353704
#SPJ1
project risk is lowest during the: concept stage of the project life cycle. implementation stage of the project life cycle. termination stage of the project life cycle. development stage of the project life cycle.
The project life cycle stage where risk is lowest is when the project is terminated.
When in a project's life cycle is risk the greatest?Stakeholders have the most power to affect project results during the project's first phases. Due to the huge proportion of unknowable elements, risk is at its maximum during this phase.
Why is a project considered low risk?Minimal risk suggests that there won't be a significant negative effect on the organisation should the project fail. Hard implementation describes the resources needed to successfully accomplish the project, which include both a large number of people and a large sum of money or assets.
To know more about project visit:-
https://brainly.com/question/29564005
#SPJ1
any escrow amendment must be signed by the: group of answer choices both parties (seller and buyer). escrow agent, seller and buyer. brokers, seller and buyer. escrow agent and brokers involved.
Any escrow amendment must be signed by the escrow agent, seller, and buyer (option a.).
Escrow is a contractual agreement in which a third party receives and disburses funds or documents on behalf of the parties involved in a transaction. The disbursement is dependent on the parties' written instructions, the terms of the agreement between the parties, and any underlying documents.
An amendment is a modification or addition to an existing contract or agreement that changes the terms or conditions of the agreement. It must be accepted and signed by all parties to the original agreement. An amendment is a modification to a legal document, like a contract or a constitution, that alters the document without completely changing it.
An escrow amendment is an alteration or addition to an escrow agreement that changes the conditions of the escrow. An escrow amendment must be signed by the escrow agent, seller, and buyer.
Therefore, option b: escrow agent, seller, and buyer is the correct answer.
Learn more about escrow agent here: https://brainly.com/question/17513888
#SPJ11
which of the following statements regarding fringe benefits is false? multiple choice the general rule is that an employee fringe benefit is taxable unless the benefit is specifically excluded from the employee's gross income. employers are not allowed to deduct the cost of nontaxable employee fringe benefits. nontaxable fringe benefits must be provided to employees on a nondiscriminatory basis. none of these choices are false.
The statements regarding fringe benefits is false is none of these choices are false.(option e)
In contrast, certain fringe benefits are excluded from the employee's gross income, such as health insurance premiums, employer contributions to retirement plans, and educational assistance up to a certain limit.
Employers must provide nontaxable fringe benefits to employees on a nondiscriminatory basis, meaning that they cannot favor certain employees over others when providing these benefits.
In conclusion, fringe benefits can be a valuable perk for employees, but they come with tax implications and rules that must be followed.
Hence the correct option is (e).
To know more about fringe here
https://brainly.com/question/12732324
#SPJ4
if the company uses the first-in, first-out (fifo) method and the periodic inventory system, what would be the cost of the ending inventory?.
The Cost of ending inventory = $10,180.
What is FIFO?FIFO means first-in-first-out. It means units purchased first and sold first. The cost of ending inventory is the cost of units purchased recently.
To calculate inventory in FIFO, you need to follow these steps:
Determine the cost of the oldest units in inventory: This is the cost of the first items purchased that are still in inventory.
Determine the cost of the newest units purchased: This is the cost of the most recent items purchased that are still in inventory.
Multiply the number of units in inventory by the cost of the oldest units: This will give you the cost of the inventory that was purchased first.
Multiply the remaining units in inventory by the cost of the newest units: This will give you the cost of the inventory that was purchased most recently.
Add the two costs calculated in steps 3 and 4 to get the total cost of inventory in FIFO.
Read more about inventory here:
https://brainly.com/question/24868116
#SPJ1
if you received a constant annual rate of return of 7% on an investment of $10,000, how many years will it take before you have $20,000?
If you received a constant annual rate of return of 7% on an investment of $10,000, it will take approximately 10 years before you have $20,000.
What is a constant annual rate of return?
A constant annual rate of return is the interest rate that is paid on an investment, typically expressed as a percentage. It is the rate at which an investment grows per year, and it is the same every year. Investors can use the formula: future value = present value * (1 + r) where r is the annual rate of return as a decimal and n is the number of years. For this problem, the present value (PV) is $10,000, and the future value (FV) is $20,000. The annual rate of return (r) is 7%, which is equivalent to 0.07 as a decimal. Therefore, we can plug these values into the formula and solve for n as follows:20,000 = 10,000(1 + 0.07)n2 = (1 + 0.07) log (2) = n logs (1.07)n ≈ 10.24It would take around 10 years (rounded to the nearest year) to reach $20,000 with a constant annual rate of return of 7% on a $10,000 investment.
Learn more about rate here:
https://brainly.com/question/14731228
#SPJ11
real estate licensee lucy decided to target a specific area near her own home and began making consistent marketing touches to cultivate buyers and sellers. what is this process known as?
Real estate licensee lucy decided to target a specific area near her own home and began making consistent marketing touches to cultivate buyers and sellers. This process is known as “farm marketing”.
It involves consistently engaging potential buyers and sellers within a specific geographic area or “farm”, usually near one's own home. The goal is to become the “go-to” agent in the area.
Farm marketing requires establishing a presence in the local community. For example, one could distribute fliers and informational materials, as well as attend community events. It is also important to build relationships with other real estate professionals, such as lenders and home inspectors.
By taking these steps, Lucy is demonstrating her commitment to her area, which is likely to lead to referrals and a higher success rate for her real estate business. Additionally, she is able to track her farm marketing efforts and assess their effectiveness over time.
know more about Real estate licensee here
https://brainly.com/question/17161585#
#SPJ11
the control limits, calculated as three standard deviations from the long-term sample mean, imply that of the sample points are expected to fall between the upper and lower control limits.
a. 100%
b. 99,7%
c. 50%
d. 3%
One should use the following terms in their answer if they are relevant to the question at hand. In the given question, it has been asked about the control limits which are calculated as three standard deviations from the long-term sample mean, imply that 3% of the sample points are expected to fall between the upper and lower control limits.
When answering questions on the Brainly platform, it is important to be factually accurate, professional, and friendly. One should be concise and avoid providing extraneous amounts of detail. It is also important to avoid ignoring any typos or irrelevant parts of the question. A control limit is a boundary or a limit beyond which a process or a product is deemed to be out of control.
Control limits are used to monitor and control the process or product to ensure that it is within the desired or acceptable range of variation. The control limits are calculated as three standard deviations from the long-term sample mean. The implication of this is that 3% of the sample points are expected to fall between the upper and lower control limits.
This implies that 97% of the sample points will fall within the control limits. The use of control limits is an important tool for quality control and process improvement. It helps to identify any deviations from the desired or acceptable range of variation and provides a means for corrective action to be taken.
to learn more about:relevant
https://brainly.com/question/24213543
SPJ11
to make taffy apples, a candymaker buys 100 kg of large apples rather than 100 kg of small apples. that means she will need
To make taffy apples, a candymaker buys 100 kg of large apples instead of 100 kg of small apples. That means she will need the same amount of candy mixture for both sizes of apples. The given scenario involves the application of the concept of direct variation.
In the direct variation, two quantities are said to vary directly when one of them is a constant multiple of the other quantity. In other words, one quantity changes according to the changes in the other quantity.
Hence, in this scenario, the quantity of the candy mixture needed is directly proportional to the quantity of apples purchased. So, if the candymaker has purchased 100 kg of large apples instead of 100 kg of small apples, she will still need the same amount of candy mixture for both sizes of apples.
Therefore, the amount of candy mixture required to make taffy apples will be the same for both large and small apples.
to know more about direct variation refer here:
https://brainly.com/question/14254277#
#SPJ11
А_____ line represents income being allocated to a certain type of expenditure such as an individuals consumption options for entertainment.
A budget line represents income being allocated to a certain type of expenditure, such as an individual's consumption options for entertainment.
1. A budget line is a graphical representation of the possible combinations of two goods or services that can be purchased with a given income.
2. It shows the trade-offs and choices an individual faces when allocating their income to different types of expenditures.
3. In the given context, the budget line represents the allocation of income to entertainment consumption options.
4. On the horizontal axis, one entertainment option is represented, while on the vertical axis, another entertainment option is represented.
5. The slope of the budget line represents the opportunity cost of choosing one entertainment option over another.
6. The budget line helps individuals make informed decisions about their consumption preferences and allocate their income accordingly.
To learn more about budget line:
https://brainly.com/question/30527889
#SPJ11
sara is a server at a restaurant and most of her pay is in cash. she's used to dealing with cash and has a system where she divides her money into different envelopes each month. she has one envelope for rent, one for groceries, one for gas, etc. at the end of each month, she takes one envelope for savings and deposits it into her savings account. what money management strategy is sara using?
Sara is a server at a restaurant and most of her pay is in cash. The money management strategy is Sara using is The Categories Method
What is the Categories Method?This involves dividing your money into different categories, such as rent, groceries, gas, and savings, and allocating a certain amount of cash for each category. By using the envelope system, Sara can visually see how much money she has left for each category, which can help her control her spending and stay on track with her financial goals.
Therefore, At the end of the month, Sara takes one envelope for savings and deposits it into her savings account, which is a great way to pay herself first and prioritize saving for the future. Investing in stocks is a separate strategy altogether, which involves purchasing shares of ownership in companies with the hope of generating a return on your investment over time.
Learn more about Categories Method from
https://brainly.com/question/30106564
#SPJ1
Sara is a server at a restaurant and most of her pay is in cash. She's used to dealing with cash and has a system where she divides her money into different envelopes each month. She has one envelope for rent, one for groceries, one for gas, etc. At the end of each month, she takes one envelope for savings and deposits it into her savings account. What money management strategy is Sara using?
Pay yourself first
The 50-30-20 Method
The Categories Method
Investing in stocks
the graph of the relationship between yield to maturity and time to maturity for newly issued bonds selling at par is referred to as the
The relationship between yield to maturity and time to maturity for newly issued bonds selling at par is referred to as the: on-the-run Yield Curve.
The yield curve is an important tool for financial professionals, as it can indicate a number of economic trends.
The yield curve graph typically shows how the yields of bonds change depending on their maturity. It usually has the yield on the vertical axis and the time to maturity on the horizontal axis. Generally, the graph is an upward sloping curve, as the longer the maturity period, the higher the yield to maturity. This makes sense since investors expect to be rewarded with higher yields if they are investing in longer-term bonds.
The yield curve is also used to indicate market expectations. For instance, a steep upward sloping yield curve can indicate that the market expects economic growth and higher inflation rates in the future. A flattening or downward sloping yield curve can indicate that the market expects low economic growth and low inflation.
Overall, the yield curve is an important tool for financial professionals as it can provide insight into a number of economic trends. It is used to assess the current state of the economy and make predictions about future economic performance.
To know more about Yield Curve, refer here:
https://brainly.com/question/30887812#
#SPJ11
the maximum number of customers who can enter the market given a specific served market definition is known as .
The maximum number of customers who can enter the market given a specific served market definition is known as the market potential.
Market potential refers to the total demand for a product or service within a given market, and it represents the maximum number of customers who could potentially purchase a product or service within a defined market segment or geographic area.
To calculate market potential, several factors need to be considered, including the size of the target population, their purchasing power and behavior, the level of competition, and the availability of substitutes. Market research and data analysis can help to estimate market potential accurately.
By understanding market potential, businesses can identify opportunities for growth and assess the potential impact of new products or services within a specific market.
For more questions like Market click the link below:
https://brainly.com/question/29871309
#SPJ11
what is the npv for the project if the company requires a return of 11 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The NPV for the project if the company requires a return of 11 percent is depends on the present value.
To calculate the NPV of a project, we first determine the expected cash inflows and outflows over the project's lifetime. Then, we discount each cash flow back to its present value using the required return or discount rate. Finally, we sum up all the discounted cash flows to arrive at the project's net present value.
In your case, the question is asking you to calculate the NPV of a project given a required return of 11 percent. This means that the company needs to earn at least an 11 percent rate of return on its investment to compensate for the risk associated with the project.
To calculate the NPV, you will need to gather the expected cash flows associated with the project and discount each cash flow back to its present value using the required return of 11 percent.
To know more about percent here
https://brainly.com/question/13729841
#SPJ4
what do critics contend is a problem inherent in the notion of corporate social responsibility (csr)?
Critics contend that the problem inherent in the notion of corporate social responsibility (CSR) is that it distracts from the real purpose of a corporation: maximizing shareholder wealth. Therefore, CSR is viewed as an unnecessary expense that undermines the fundamental goal of businesses, which is to generate profit.
Some critics argue that CSR can be used as a marketing tool to deceive consumers into thinking that the company is socially responsible when in reality, the company's actions contradict its stated values. Other critics argue that CSR can be a means of exploiting stakeholders such as employees, suppliers, and communities by masking exploitative practices in the guise of social responsibility.
Additionally, critics argue that CSR is incompatible with the capitalist system since it reduces profits, which in turn reduces the ability of the firm to invest in capital and labor, leading to lower economic growth. Overall, critics contend that CSR undermines the core objectives of business by forcing corporations to prioritize social and environmental concerns over profits, which ultimately harms the economy and society.
To know more about corporate social responsibility (CSR) refer to:
https://brainly.com/question/30693269
#SPJ11
external factors that influence recruiting usually fall into what two categories? question 2 options: the social and legal environment, and the labor market the labor market and the political envronment supply and demand, and compeditors
The two main categories of external factors that influence recruiting are the social and legal environment, and the labor market. Therefore the correct option is A.
Depending on the specific industry and organization, other external factors may have an impact on the recruiting process. For example, technology advances, social trends, and the global economy are all potential external factors. To further explain this concept in 200 words, external factors are outside influences that can impact a company's recruiting efforts. These can be either positive or negative and include aspects like the labor market, the political environment, and the competition.
Here you can learn more about labor market https://brainly.com/question/30002614
#SPJ11
the amount of a product that would be offered for sale at a wide array of prices that would prevail in the market refers to:
The amount of a product that would be offered for sale at a wide array of prices that would prevail in the market refers to the supply of the product.
What is supply?Supply is the total amount of a commodity or service that a producer, or a group of producers, is willing to offer to the market at various price points during a particular period of time. As a result, supply is a fundamental principle in economics that reflects how much of a good or service is available to consumers at various prices.
In general, the supply of a product is influenced by several variables, such as price, production costs, technology, and others. Therefore, it is important to note that the supply of a product can fluctuate based on various factors, and therefore the price of a product can also vary accordingly, with a wide array of prices prevailing in the market.
To know more about supply of the product, click on the link below:
https://brainly.com/question/14014530#
#SPJ11
focus strategies are:group of answer choicessheltered from the risks associated with industry-wide strategies because of their niche focus.faced with more types of risks than are industry-wide strategies.more subject to failure than indus
Focus strategies are less exposed to industry-wide risks but may be vulnerable to risks specific to their niche, due to their targeted approach towards a specific market niche or customer segment.
Focus strategies are a type of business-level strategy that involves targeting a specific market niche or customer segment. By focusing on a smaller, more specialized market, companies can tailor their products or services to the specific needs and preferences of that market, and often enjoy higher profit margins.
Because focus strategies are targeted at a specific market niche, they are less exposed to risks associated with industry-wide strategies, such as price competition or changes in consumer preferences. However, they may also be more vulnerable to risks specific to their niche, such as changes in demand or the emergence of new competitors.
Learn more about Focus strategies: https://brainly.com/question/29434556
#SPJ11
if sales volume were to decrease 15%, from 4,000 units per month to 3,400 units per month, operating income would:
The decrease in sales volume from 4,000 units per month to 3,400 units per month would result in a 15% decrease in operating income.
To calculate the new operating income, you would need to multiply the original operating income by the percentage of decrease.
For example, if the original operating income was $40,000, you would multiply $40,000 by 0.15 to get the new operating income of $6,000. Therefore, the operating income would decrease by $6,000, from $40,000 to $34,000.
When a company's sales volume decreases, its operating income will also decrease. This is because the company will make less money from selling fewer products.
Additionally, the company will have to spend more money on overhead costs like marketing, storage, and distribution. When these overhead costs exceed the income generated by the decreased sales volume, the operating income will decrease.
In order to minimize the impact of a decrease in sales volume, a company can implement cost-saving measures.
This can include reducing its staff size, renegotiating contracts with suppliers, and reducing its overhead costs. By taking these steps, the company can reduce its expenses and increase its operating income.
Overall, a decrease in sales volume from 4,000 units per month to 3,400 units per month would result in a 15% decrease in operating income.
The company should take steps to reduce its expenses and increase its operating income to mitigate the negative effects of the decrease in sales volume.
To know more about operating income refer here :
https://brainly.com/question/28524695
#SPJ11
on january 27th, sally's store sells to her customers 12 shirts on account for $15 each. each shirt cost her $10. the terms of the sale were fob shipping point, 2/10, n/30. assuming perpetual inventory, what would her journal entry be?
Given that the company sold 12 shirts at $15 each, the total Given that the company sold 12 shirts at $15 each, the total revenue from sales would be $180 ($15 x 12).Out of this, Sally will give her customers a 2% discount if they pay within 10 days of the sale.
Sally's inventory cost for each shirt was $10, and the total cost of goods sold would be $120 ($10 x 12).As a result, the company's gross profit will be $60 ($180 - $120).Now we have all the relevant numbers for Sally's journal entry. The journal entry for the sale of 12 shirts would look like this
:Date Account Debit Credit Jan 27 Accounts Receivable (12 x $15) $180 Sales (12 x $15) $180 COGS (12 x $10) $120 Inventory $120 Accounts Receivable $176.4 Sales Discount (2% of $180) $3.6 Revenue $176.4This is how the journal entry for the sale of 12 shirts by Sally's store on January 27 would look like.
Jan 27th:
Debit: Accounts Receivable ($180)
Credit: Inventory ($120)
Credit: Sales Revenue ($180)
This is a perpetual inventory system, so there will be an additional journal entry when the payment is received:
Debit: Cash ($162)
Credit: Accounts Receivable ($162)
The "FOB shipping point" means that ownership of the goods transfers from Sally's store to the customer when the goods are shipped from the store. The "2/10, n/30" means the customer will receive a 2% discount if they pay the invoice within 10 days, and the full balance must be paid within 30 days. Journal entry in perpetual inventory refers to the system of accounting that is used for tracking inventory balances after every transaction.
The system also keeps continuous records of inventory levels, which in turn help in calculating the cost of goods sold (COGS).As per the information provided in the question, on January 27, Sally sold 12 shirts on account for $15 each. Every shirt's cost to her was $10. Her sale terms were FOB shipping point, 2/10, n/30. Given that perpetual inventory is used in this scenario,
For more such questions on revenue
https://brainly.com/question/23706629
#SPJ11
the fisher effect has all of the following components, except: multiple choice real rate on the investment, r compensation for inflation of original investment, h expected rate of return, e compensation for inflation on investment earned prevquestion 1 linked to 2 and 3 of 12 total1 2 3 of 12
The Fisher effect has all of the following components, except compensation for inflation on investment earned previously.
What is the Fisher effect?The Fisher effect is a financial theory that postulates that inflation affects the nominal interest rate. When there is inflation, the nominal interest rate increases as well. It's called the Fisher effect because Irving Fisher proposed the relationship between nominal interest rates, real interest rates, and inflation rates in his work.
The Fisher effect formula is given as follows:Nominal Interest Rate = Real Interest Rate + Inflation Rate
The following are the components of the Fisher effect, except for one:Real Rate on Investment Compensation for Inflation of Original Investment Expected Rate of Return Compensation for Inflation on Investment Earned Previously.
The correct answer is Compensation for Inflation on Investment Earned Previously.
To know more about Fisher effect refer here
https://brainly.com/question/16036767#
#SPJ11
match those following concepts about risk and return: group of answer choices portfolio [ choose ] risk [ choose ] return [ choose ] risk neutral [ choose ] risk averse [ choose ] risk seeking
Risk and return are two essential concepts to consider when investing. The risk of an investment refers to the possibility of losing some of one's money, return refers to potential profit one can earn from investment.
Portfolio: An individual's or institution's collection of assets.
Risk: The possibility that the real return on an investment will differ from the expected return.
Return: The profit or loss produced by an investment over a given time period.
Risk neutral: A risk-averse investor who is ready to accept any level of risk for a given level of return. Risk-averse investors are those who are ready to accept lower returns in exchange for less risk.
Risk seeker: An investor who is willing to take on more risk in order to possibly earn higher returns.
Understanding risk and return is critical for making sound investment choices. When constructing a portfolio, investors should carefully consider their risk tolerance and financial objectives.
Learn more about Investing
https://brainly.com/question/15105766
#SPJ4
Roughneck Rigs, a large oil drilling company off the Gulf Coast, wants to expand its drilling area. When practicing ________, Roughneck Rigs will hear concerns from the local community, commission reports from expert oceanographers, and they will pay attention to how all of this will impact their bottom line.
The drilling company will need to commission reports from expert oceanographers to evaluate the environmental impact of their drilling activities.Expansion will require investment in new equipment and personnel, and the company will need to ensure that their investment will yield returns. Thus, they need to consider the potential profit margins and the cost of operation.When answering questions on the platform Brainly, it is important to always be factually accurate, professional, and friendly. Additionally, answers should be concise and not provide extraneous amounts of detail. Typos or irrelevant parts of the question should not be ignored. The following terms should be used in the answer: Roughneck Rigs, Gulf Coast, drilling area, local community, commission reports, expert oceanographers, impact, and bottom line.When practicing drilling expansion, Roughneck Rigs will hear concerns from the local community, commission reports from expert oceanographers, and they will pay attention to how all of this will impact their bottom line. To expand their drilling area, the company needs to consider several factors such as the cost of expansion, the impact of drilling activities on the environment, and the concerns of the local community. In conclusion, Roughneck Rigs needs to consider a variety of factors to expand their drilling area, including the impact on the environment, concerns of the local community, and potential profit margins.
to learn more about:drilling company
https://brainly.com/question/20803333
#SPJ11