The cost of this land should be recorded as $196,500. This is because it includes the original purchase price of $190,000, as well as the additional fees. The correct option is B.
What is the cost of land?Ion Co. purchased land for $190,000. In addition, it paid $5,000 in real estate commissions, $1,000 in legal fees, and $500 in title insurance fees.
The total cost of the land should be recorded by Ion Co. at $196,500. This is because the cost of the land should include the purchase price plus any additional costs directly related to acquiring the land, such as commissions, legal fees, and title insurance fees. Hence,
Total amount = $190,000 + $5,000 + $1,000 + $500= $196,500
Therefore, Ion should record the cost of this land at $196,500.
Therefore, the correct option is B.
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when an american fast-food chain entered the chinese market in the 1990s, childhood obesity was threatening to become a major problem in the urban areas. as part of its responsibility for managing its relationships with its customers, the fast-food chain teamed with the chinese education system and developed a program on nutrition for elementary school students featuring its mascot, willy the clown. this helped in creating awareness and credibility for the firm at a relatively low cost and is an example of .group of answer choicesdirect sellilngnon-commercial advertisingpublic relationsdirect-response advetisingpersonal selling
Public relations
Public relations (PR) is the practice of managing the flow of information between an organization and its publics. In this case, the fast-food chain used their mascot, Willy the Clown, to create awareness and credibility for their firm within the Chinese education system, at a relatively low cost.
This enabled the firm to create a positive relationship with their customers, while also helping to educate young people about nutrition. The program was seen as a way for the chain to take responsibility for its customers, while also promoting their brand. By creating a positive relationship with their customers, the chain was able to increase their market share and build brand loyalty, ultimately leading to greater profitability.
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based on what you find in the organizational chart, which of the secondary stakeholders are responsible for managing the data? select all that apply.
The secondary stakeholders are responsible for managing the data are data analytics coordinator and junior data analyst.
These two are the stakeholders responsible for managing the data.
What does a stakeholder simple definition entail?A stakeholder is a person, group, or organization that has a vested interest in the choices made and the actions taken by a company, organization, or initiative.
What is a stakeholder, and who are some examples?Every person, entity, or party with an interest in a company and the results of its actions is considered a stakeholder in business. Employees, consumers, shareholders, suppliers, communities, and governments are typical examples of stakeholders.
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nguyen manages a supply chain team. if she uses the concept of comparative advantage for assigning tasks to members of her team, then group of answer choices the team's output will consist of a wide range of goods. the team's output will vary more in quality. more can be accomplished. less will be accomplished.
If Nguyen manages a supply chain team and assigns tasks to members of her team using the concept of comparative advantage, then the team's output will consist of a wide range of goods. The correct option is "the team's output will consist of a wide range of goods".
Explanation:
Comparative advantage can be explained as the ability of a person, firm, or country to produce a particular good or service at a lower opportunity cost than others. It is one of the most critical concepts in international trade as it encourages countries to focus on the production of the goods and services that they can produce efficiently and cheaply than others.
When Nguyen manages a supply chain team, she can assign tasks to members of her team using the concept of comparative advantage. In such a situation, the team's output will consist of a wide range of goods, which will be produced efficiently by the members of the team who possess the necessary skills and knowledge.
By using comparative advantage to assign tasks, Nguyen can ensure that the team produces goods that meet the required standards while also ensuring that each team member works on tasks that align with their comparative advantage.
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a corporation is considering purchasing a machine that will save $200,000 per year before taxes. the cost of operating the machine, including maintenance, is $80,000 per year. the machine, costing $150,000, will be needed for five years after which it will have a salvage value of $25,000. if the firm wants a 15% rate of return before taxes, what is the net present value of the cash flows generated from this machine?
the net present value (NPV) of the cash flows generated from the machine is $316,895.09. Since the NPV is positive, it indicates that the machine is a good investment, and the company should consider purchasing it.
To calculate the net present value (NPV) of the cash flows generated from the machine, we need to discount the cash flows at the required rate of return and subtract the initial cost of the machine.
First, we need to calculate the cash flows generated by the machine each year.
Annual savings before taxes = $200,000
Cost of operating the machine, including maintenance = $80,000
So, the net cash flow generated by the machine each year is:
$200,000 - $80,000 = $120,000
We will use this net cash flow to calculate the NPV.
The initial cost of the machine is $150,000, and the salvage value after five years is $25,000. So, the total cash inflow at the end of five years will be $25,000.
Using the formula for the present value of an annuity, we can calculate the present value of the net cash flow generated by the machine over the five-year period:
PV of annuity = CF x (1 - (1 + r)^-n) / r
Where:
CF = net cash flow generated by the machine each year = $120,000
r = required rate of return before taxes = 15%
n = number of years = 5
PV of annuity = $120,000 x (1 - (1 + 0.15)^-5) / 0.15
PV of annuity = $454,489.71
To calculate the present value of the cash inflow at the end of five years, we need to discount it by the required rate of return:
PV of cash inflow = $25,000 / (1 + 0.15)^5
PV of cash inflow = $12,405.38
The total present value of the cash flows generated by the machine is:
Total PV = PV of annuity + PV of cash inflow - initial cost
Total PV = $454,489.71 + $12,405.38 - $150,000
Total PV = $316,895.09
Therefore, the net present value (NPV) of the cash flows generated from the machine is $316,895.09. Since the NPV is positive, it indicates that the machine is a good investment, and the company should consider purchasing it.
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making the company look extremely profitable just prior to the ipo. why was this important? does this make a client that is in the process of issuing an ipo a higher-risk client? why or why not? are there other risks to the auditor when an ipo is included in the engagement?
Making the company look extremely profitable just prior to the IPO was important because it would increase the interest of investors and thus, the market capitalization of the company.
However, this may also make a client that is in the process of issuing an IPO a higher-risk client because it can create a false impression that the company is profitable when it is not. As a result, there are several risks to the auditor when an IPO is included in the engagement.The risks to the auditor when an IPO is included in the engagement are as follows:
The auditor must be careful when assessing the risks associated with the engagement. IPOs are complex transactions that require a high level of expertise, and the auditor must be able to identify the risks associated with the process.Auditors should conduct a thorough assessment of the client's internal controls to ensure that they are reliable and effective. This is especially important in the case of an IPO, where there is a higher risk of fraudulent activity.Auditors should be aware of the risks associated with revenue recognition and the valuation of assets. Inaccurate or fraudulent financial statements can result in legal action and financial penalties for the auditor.Auditors must ensure that their audit reports are free from any material misstatements, which could result in legal action against the auditor.Auditors should also be aware of the risks associated with litigation and regulatory action that may result from an IPO. This could result in reputational damage and financial loss for the auditor. Consequently, an IPO requires a high level of scrutiny by auditors, and the auditor must be aware of the risks associated with the engagement.Learn more about IPO: https://brainly.com/question/29987692
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which of the following is a disadvantage of push systems? question 18 options: they are not effective when sales patterns are consistent. they are not effective when there are few distribution centers and products. they increase transportation costs in a supply chain. they result in higher costs when forecasting sales is difficult.
One of the disadvantages of push systems is that they result in higher costs when forecasting sales is difficult.
What is a push system?A push system is one in which production and supply are initiated by forecasts or long-term demand estimates. These estimates may be inaccurate, and this can lead to a number of problems.
The disadvantages of push systems include:
Higher costs when forecasting sales are difficultIf forecasts are inaccurate, there may be excess inventory and higher costs associated with storing and handling this inventory. Furthermore, it may be more difficult to adjust production in response to changes in demand when using a push system. As a result, there may be higher production costs.
Lower flexibilityA push system may be less adaptable to changing conditions in the market. When sales decline, inventory may accumulate, resulting in obsolescence and excess costs. Similarly, when sales increase unexpectedly, a push system may not be able to respond quickly enough. This can result in lost sales and unhappy customers.
Lower product availabilityA push system may result in lower product availability in the supply chain. This is because it is difficult to accurately forecast demand, and inventory may be inaccurate as a result. As a result, customers may be dissatisfied and the supply chain may suffer from lost sales and decreased profits.
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which of the following funds would be used to account for an activity that provides centralized purchasing and sales of goods or services to other departments or agencies of the government on a cost-reimbursement basis? group of answer choices permanent fund. internal service fund. fiduciary fund. enterprise fund.
Fund for Internal services budget. This asset represents exercises that generate labor and products for distribution to various offices or other legislative bodies.
What are the five types of government funds?
Capital projects, debt service, general revenue, and permanent funds are the five types of government funding.
What exactly is the internal service fund?
An Internal Service fund is one that primarily offers goods or services. services with other funds, departments, or agencies of the government on a cost-reimbursement basis. The goal is to "break even" rather than "profit."
What is the distinction between direct and indirect funds?
A direct plan is something you acquire directly from the mutual fund firm. A normal plan, on the other hand, is sold by an advisor, broker, or distributor (intermediary).
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which of the following statements is correct? a. corporations generally face fewer regulations than sole proprietorships b. corporate shareholders are exposed to unlimited liability
The following statement is correct: Corporations generally face fewer regulations than sole proprietorships.The statement "corporate shareholders are exposed to unlimited liability" is incorrect.
What are corporations?
A corporation is a legal entity that is distinct from the owners, shareholders, and officers that make up the organization. Corporations exist independently of their owners and are treated as a separate entity for tax and liability purposes. They are created under state law and must follow specific legal procedures and regulations to remain in compliance.
Corporations, contrary to the first statement, are subject to a variety of legal regulations, including taxation, environmental, and labor laws. Their operations are also subject to scrutiny by the government and regulatory agencies, such as the Securities and Exchange Commission (SEC).
Furthermore, the statement "corporate shareholders are exposed to unlimited liability" is false. Corporate shareholders, unlike sole proprietorships, have limited liability, meaning their personal assets are protected from any losses or debts incurred by the corporation.
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What is the seedy business for college applicants?
College applicants may be vulnerable to engaging in unethical and potentially illegal practices, such as taking bribes, in order to secure admission to universities. This is known as a seedy business.
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There are several seedy businesses that exist for college applicants. These businesses operate under the guise of helping students navigate the college application process, but they often exploit students and their families for profit. One such business is college admissions consulting.
College admissions consulting firms often charge exorbitant fees to help students improve their chances of getting into the college of their dreams. Some of these firms promise guaranteed acceptance into top-tier universities, which is simply not possible. Additionally, many of these firms provide unethical services, such as writing essays for students or falsifying test scores.
Another seedy business for college applicants is the student loan industry. While student loans can be a helpful tool for financing higher education, many loan providers exploit vulnerable students and their families by charging high interest rates and hidden fees. This has led to a student loan debt crisis in the United States, with many borrowers struggling to repay their loans and facing financial hardship as a result.
Overall, students and their families should be wary of any business that promises easy success or guarantees admission to a particular college. The college application process can be challenging, but it is important to approach it with honesty and integrity. By doing so, students can maximize their chances of success while avoiding the pitfalls of seedy businesses.
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What should human resource management do to prevent sexual harassment in the workplace?
Select the 3 answer options that apply.
Have a policy in place with consequences
Dismiss complaints when pointed at upper management
Execute the response plan for every complaint
Provide training on workplace expectations of conduct
Human resource management can prevent sexual harassment in the workplace by having a policy in place with consequences, executing the response plan for every complaint, and providing training on workplace expectations of conduct.
These measures can create a safe and healthy work environment, reduce incidents of sexual harassment, and protect the victims. The three options that apply to prevent sexual harassment in the workplace are:
Have a policy in place with consequences: An effective way to prevent sexual harassment in the workplace is to have a clear and comprehensive policy in place that outlines prohibited behaviors, reporting procedures, and consequences for violating the policy. The policy should be communicated to all employees, and training should be provided on the policy's contents.Execute the response plan for every complaint: Once a complaint is made, it is crucial to investigate it promptly and thoroughly, and take appropriate action based on the findings. This action should be in line with the policy's consequences and aim to protect the victim while preventing any future harassment.Provide training on workplace expectations of conduct: Prevention is better than cure, and providing training on workplace expectations of conduct can help employees understand the boundaries and consequences of their actions. Training can be in the form of workshops, seminars, or online courses and should be mandatory for all employees. It is essential to educate employees on what constitutes sexual harassment and how it can be prevented, as well as the importance of reporting any inappropriate behavior.Learn more about sexual harassment here:
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assuming no income or holding costs during the period, if you purchased a vacant parcel of land five years ago for $1,500,000, how much would you have to sell it for to yield a 7% annual return on your investment?
To yield a 7% annual return on your investment, you would need to sell the vacant parcel of land for $2,175,000. This is calculated by taking the original cost of $1,500,000 and multiplying it by 1.07 five times, which is the equivalent to a 7% annual return on your investment over a period of 5 years.
This is an example of the power of compounding returns, where small increases over a long period of time can lead to larger returns than a single lump sum investment. By reinvesting the returns over a five year period, you can increase your returns exponentially.
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A customer purchases 5 items from the grocery store and the cashier scans each item. If the cashier scans the items in a random order, what is the probability that the items are scaned in order of price? The probability that the items are scaned in order of price is (Answer as a fraction.)
If the customer purchases 5 items from grocery store, then the probability that the items are scanned in order of price is 1/60 .
The number of items purchased by the customer is = 5 items,
There are only 2 favorable ways of the items that are scanned in the order of price, which is ascending order and descending order.
The total possible outcomes of scanning the 5 items is 5! = 120;
So, the probability that items are scanned in order of price is = 2/120,
⇒ 1/60.
Therefore, the required probability is 1/60.
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assume that javier is indifferent between investing in a city of el paso bond that pays 3.85 percent interest and a corporate bond that pays 5.7 percent interest. what is javier's marginal tax rate?
Javier's marginal tax rate is 0.97%. The marginal tax rate can be calculated using the concept of tax-adjusted yield. In other words, we need to determine the pre-tax yields of both the bonds and then calculate the tax-adjusted yields using the marginal tax rate. The marginal tax rate is the rate at which the last dollar of income is taxed.
Step 1: Calculate the pre-tax yield of each bond.
The pre-tax yield of the City of El Paso bond is 3.85 percent. The pre-tax yield of the corporate bond is 5.7 percent.
Step 2: Determine the tax-adjusted yield of each bond using Javier's marginal tax rate.
Assuming that Javier is indifferent between the two bonds, the tax-adjusted yield of each bond must be the same. Let's call Javier's marginal tax rate "M".The tax-adjusted yield of the City of El Paso bond can be calculated as: 3.85% x (1 - M)
The tax-adjusted yield of the corporate bond can be calculated as: 5.7% x (1 - M). Since Javier is indifferent between the two bonds, we can set the tax-adjusted yields equal to each other:3.85% x (1 - M) = 5.7% x (1 - M)
Simplifying this equation, we get:1.85% x (1 - M) = 0.057M
To solve for M, we can isolate it on one side of the equation:1.85% - 1.85%M = 0.057M1.85% = 1.907M1.907M = 0.0185M = 0.0097 or 0.97%. So 0.97% is the marginal tax rate to be applied.
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a company has net sales of $2,146,200 and average accounts receivable, net of $438,000. what is its accounts receivable turnover for the period? multiple choice 0.39 8.80 25.70 80.60 4.90
If a company has net sales of $2,146,200 and average accounts receivable, net of $438,000, accounts receivable turnover for the period would be 4.90. Therefore, the correct option is 5.
Accounts receivable turnover ratio refers to a measure of efficiencies of a company's collections, indicating the number of times company collects its average accounts receivable in a given period. The accounts receivable turnover for the period can be calculated using the formula:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Given the net sales of $2,146,200 and average accounts receivable, net of $438,000, we can plug these values into the formula:
Accounts Receivable Turnover = $2,146,200 / $438,000 = 4.90
Therefore, the accounts receivable turnover for the period is 4.90. Hence, the correct option is option 5.
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all of the following are characteristics of design thinkers except question 14 options: empathy. traditional thinking. experimentation. optimism. collaboration.
All of the following are characteristics of design thinkers except traditional thinking. Option 2 is correct.
Design thinking is a problem-solving approach that emphasizes empathy for the user, experimentation and prototyping, optimism, and collaboration among interdisciplinary teams. Design thinking encourages innovative and creative solutions to complex problems and seeks to understand the needs of the user in a deep and meaningful way.
By focusing on the user and their needs, design thinking helps teams develop products and services that are not only functional but also delightful and enjoyable to use. The approach encourages iterative, non-linear, and flexible thinking that leads to innovative solutions that would not have been possible with traditional thinking. Hence Option 2 is correct.
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Taxes, subsidies, and the Coase theorem are all examples of private solutions to externalities.A. True B. False.
False. Taxes, subsidies, and the Coase theorem are all examples of solutions to externalities, but they are not necessarily private solutions. Taxes and subsidies are state-level interventions that aim to internalize externalities, while the Coase theorem is a theoretical framework that suggests that when property rights are clearly defined and transaction costs are low, private parties can allocate resources efficiently in the presence of externalities.
In other words, the Coase theorem suggests that the parties involved in externalities can negotiate a mutually beneficial solution that does not require government intervention.
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which of the following is not a condition that makes a contract legally enforceable? multiple choice consideration is given by both parties all parties involved are competent money is exchanged for products/services acceptance of the offer must be voluntary
Option (b), Even when both parties are capable, simply because money is transferred for goods or services does not make a contract enforceable.
Which, if any, parties lack legal capacity to enter into contracts?The following people are incapable of signing contracts: Those with poor judgment. minors who are still considered children. Individuals whose position under the contractual legislation prevents them from entering into contracts.
What features do legal agreements have?A "binding contract" is any arrangement that the courts have deemed to be valid and enforceable. This implies that if you engage into a legally enforceable contract and break your end of the bargain, the other party may bring legal action against you.
What factors determine whether a contract is sustained in court?Often, a contract must satisfy both of the following requirements in order to be upheld:
When one party makes an offer and the other accepts it, both parties must agree.It is necessary to trade one pricey thing for another. Payment may take the form of a commitment to exchange goods, cash, services, or any combination of these.Learn more about contract binding: https://brainly.com/question/14852281
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The complete question is:
which of the following is not a condition that makes a contract legally enforceable?
multiple choice
consideration is given by both parties all partiesinvolved are competent money is exchanged for products/services acceptance of the offer must be voluntarythe following data pertains to the direct materials cost for the month of october: standard costs 5,000 units allowed at $20 each actual costs 5,050 units input at $19 each what is the direct materials efficiency variance? multiple choice $950 unfavorable $950 favorable $1,000 unfavorable $1,000 favorable
The direct materials efficiency variance is $950 unfavorable.
How to calculate the direct materials efficiency variance?The direct materials efficiency variance is the difference between the standard amount of materials that should have been used to manufacture the products and the actual amount of materials used, multiplied by the standard price of materials per unit.
The formula for calculating the direct materials efficiency variance is as follows:Direct materials
efficiency variance = (Standard quantity of materials for actual output – Actual quantity of materials used) × Standard price per unit of material
Given,Standard costs of 5,000 units allowed at $20 eachActual costs of 5,050 units input at $19 eachFirst, we need to calculate the standard quantity of materials that should have been used to produce 5,050 units:
Standard quantity of materials = Standard quantity per unit of output × Actual outputStandard quantity of materials
= 5,000 × 1
= 5,000 units
Now, we can calculate the direct materials efficiency variance:Direct materials
efficiency variance = (Standard quantity of materials for actual output – Actual quantity of materials used) × Standard price per unit of materialDirect materials efficiency variance
= [(5,000 – 5,050) × $20]Direct materials efficiency variance
= $950 unfavorable
Therefore, the direct materials efficiency variance is $950 unfavorable.
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describe three business unit benefits likely to be achieved as a result of the enterprise it architecture approach taken by state street (use a course framework, not just your intuition). cover each level of decision making in your answer.
State Street's enterprise IT architecture enables business units to achieve improved cost-effectiveness, streamlined decision-making, and higher levels of performance.
State Street's enterprise IT architecture approach provides numerous benefits to business units. At the strategic level, State Street has unified its technology across all its units and locations, reducing IT costs and simplifying the overall technology landscape. This helps business units make informed decisions quickly and reliably, while ensuring compliance with regulatory standards. At the tactical level, State Street's architecture provides business units with a centralized system of data storage and communication, enabling employees to share and access information quickly and securely.
Additionally, this architecture supports the development of data-driven solutions, such as predictive analytics and machine learning, to optimize decision-making and achieve better outcomes. Finally, at the operational level, State Street's enterprise IT architecture allows for rapid scaling of services to meet the needs of business units, reducing IT complexity and minimizing system downtime.
At each level of decision-making, State Street's enterprise IT architecture approach provides business units with a number of benefits. These include reduced IT costs, improved information sharing, enhanced data-driven solutions, and increased scalability. In summary, State Street's enterprise IT architecture enables business units to achieve improved cost-effectiveness, streamlined decision-making, and higher levels of performance.
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a permanent shift in consumer behavior occurred in respect to the purchase of season tickets for professional sports. to meet this change, a strategy that most professional teams took was to
A permanent shift in consumer behavior occurred in respect to the purchase of season tickets for professional sports. To meet this change, a strategy that most professional teams took was to adapt their ticket-selling methods to accommodate this new trend.
Below are some strategies that the teams used to address this change: Offering Flexibility: Most of the sports teams started offering flexible season-ticket packages.
Embracing Technology: The use of technology has been on the rise in recent years, and sports teams are taking advantage of this trend by leveraging technology in the ticket sales process. This includes the use of mobile apps, online ticket sales, and virtual reality experiences.
This includes creating unique and exciting game-day experiences, offering VIP packages, and providing perks such as pre-game parties, exclusive merchandise, All of these strategies are designed to help professional sports teams adapt to the shift in consumer behavior.
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the selling price per box for cynthia's cookies is $19.86. fixed costs are $60,000 and the variable cost per box is $9.69. what is the break-even quantity? round your answer to the nearest whole number. boxes if sales last year were 8,400 boxes, what was the net profit? round your answer to the nearest dollar. $
The net profit = ($19.86 - $9.69) x 8,400 - $60,000 = $20,967
To find the break-even quantity of boxes for Cynthia's Cookies, we can use the equation below:
Break-even quantity = Fixed Costs / (Selling Price - Variable Costs)
Therefore, the break-even quantity = $60,000 / ($19.86 - $9.69) = 3,097 boxes.
To find the net profit from last year's sales of 8,400 boxes, we can use the equation below:
Net Profit = (Selling Price - Variable Costs) x Quantity - Fixed Costs
Therefore, the net profit = ($19.86 - $9.69) x 8,400 - $60,000 = $20,967
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A project has four activities that take 4, 3, 6, and 7 days respectively. What is the total completion time for the project? O3 days, as this is the minimum time O7 days, as this is the maximum time O20 days, as this is the sum of the times Olt is not possible to determine the total completion time from the given information
The total completion time for the project is 7 days, as this is the maximum time needed to complete all four activities.
The length of each activity may be added together to get the project's overall completion time. The project in this instance consists of four activities, each lasting four, three, or seven days. As a result, the project's overall completion time would be the sum of these times or 4 + 3 + 6 + 7 = 20 days. In the event that there are no delays or any unanticipated problems, this indicates that the project will be finished in at least 20 days. Project managers may plan and organize resources to guarantee that the project is finished within the allotted time period by knowing the overall completion time.
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the principal-agent problem arises when
a. The principal and the agent have different objectives
b. The principal cannot enforce the concert with the agent or finds it too costly to monitor the agent
c. The principal cannot decide wether the firm should seek to minimize the expected future profits of the firm or maximize the price for which the firm can be sold
d. Both a and b
The principal-agent problem arises when the principal and the agent have different objectives and the principal cannot enforce the concert with the agent or finds it too costly to monitor the agent. The correct option is (d) Both a and b.
What is the principal-agent problem?The principal-agent problem arises when there is a conflict of interest between two parties, known as the principal and the agent. The principal hires the agent to perform certain tasks on his behalf. However, the agent may have different interests and may take actions that benefit him rather than the principal. This problem arises when the principal is not able to monitor the agent's actions or finds it too expensive to do so. The principal-agent problem can also occur when the principal and the agent have different goals or objectives.
Principal-agent theory is used to study this problem. It aims to identify ways to align the interests of the principal and the agent so that both parties benefit. Some of the methods used to mitigate the principal-agent problem include performance-based incentives, monitoring, and communication.
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Butan Corp. (a U.S. company) made a sale to a foreign customer on September 10, 2020, for 100,000 widgets. The payment was received on October 10, 2020. The company's fiscal year is September 30. The following exchange rates applied: Date Exchange Rate September 10, 2020 §1 = $.48 September 30, 2020 §1 = $.50 October 10, 2020 §1 = $.44 Determine the amount of a foreign exchange gain or loss recorded on September 30, 2020.
The foreign exchange gain amount is $.02 per widget as the difference between the account receivable value at the two exchange rates. When 100,000 widgets are sold, the total foreign exchange gain will be $2,000.
Butan Corp. made a sale to a foreign customer on September 10, 2020, for 100,000 widgets. The payment was received on October 10, 2020. The company’s fiscal year is September 30. On September 10, 2020, the exchange rate was §1 = $.48. On September 30, 2020, the exchange rate was §1 = $.50.
Since the payment was not received until October 10, 2020, Butan Corp. would have recorded an account receivable on September 10, 2020, for the sale of the widgets. The account receivable would have been recorded at the exchange rate on that date (§1 = $.48).
On September 30, 2020 (the end of Butan Corp.'s fiscal year), the company would have adjusted the account receivable to reflect the change in the exchange rate. Since the exchange rate on September 30, 2020, was §1 = $.50 (higher than the rate on September 10), Butan Corp. would have recorded a foreign exchange gain.
The amount of the foreign exchange gain would be calculated as the difference between the value of the account receivable at the two exchange rates: (§1 * $.50) - (§1 * $.48) = $.02 per widget. Since there were 100,000 widgets sold, the total foreign exchange gain would be $.02 * 100,000 = $2,000.
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what is the top reason linkedin users follow a company? group of answer choices they work for a competitor to stay informed on the industry they want to receive special offers from the company they want to sell something to the company
The top reason LinkedIn users follow a company is to stay informed on the industry.
What is LinkedIn?LinkedIn is a social media network for professionals. It has 500+ million members in over 200 countries and territories, making it the world's largest professional network. LinkedIn is an essential tool for businesses and job seekers, and it is free to use.LinkedIn is also utilized by professionals to stay connected with each other, share ideas, and seek business opportunities. It is a powerful platform for personal branding and networking.The following is the reason why LinkedIn users follow a company:To stay informed on the industry. To stay updated with the latest news, trends, and information about the company and industry, users follow companies. Following a company provides users with insights into the company's culture, products, services, and industry. It helps users to stay informed, stay relevant, and improve their professional development.To connect with others. To build their professional networks, users follow companies. Following a company allows users to connect with others in their industry, share ideas, and build relationships.To discover new opportunities. Following a company can provide users with new opportunities, such as job openings, internships, and business partnerships. It is an excellent way to stay informed about the company's latest developments and find new opportunities that match their interests and skills.To access exclusive content. Following a company provides users with access to exclusive content, such as research reports, whitepapers, and case studies. It is an excellent way to stay updated with the company's latest products, services, and innovations.
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The top reason LinkedIn users follow a company is to stay informed on the industry they want. LinkedIn is one of the most well-known professional networking sites on the internet, with millions of members all around the world.
It provides a fantastic platform for professionals to connect with one another and exchange ideas and information about their industry. Because of this, LinkedIn has become a powerful tool for businesses looking to connect with customers and employees alike.
What is LinkedIn?
LinkedIn is a social network that's exclusively focused on professional networking and career development. It's the world's largest professional network on the internet, with millions of members from all over the world.
Members use LinkedIn to network with other professionals in their industry, find job opportunities, and stay up-to-date with industry news and trends. Some of the top reasons LinkedIn users follow a company include the following:
To stay informed on the industry they want To receive special offers from the company they want To get updates on job openings or career opportunities within the company To learn about new products or services the company is offering To network with employees of the company
To learn more about the company's culture and values To see how the company is performing in the market To find out about upcoming events or conferences hosted by the company To share their own insights and expertise with the company's community of followers
So, the top reason LinkedIn users follow a company is to stay informed on the industry they want.
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all of the following are proper business structures for a non-profit organization except:a.government agencyb.corporationc.limited liability companyd.partnership
All of the following are proper business structures for a non-profit organization except option 'a' government agency.
A non-profit organization cannot be set up as a government agency, as that is a form of public sector entity, rather than a private sector entity. A non-profit organization could be set up as a corporation, limited liability company, or partnership.Partnerships are not suitable business structures for non-profit organizations. A non-profit organization is a company that aims to provide a service, promote a cause, or better society. It is, however, prohibited from distributing dividends or assets to its owners or employees since its primary goal is to generate value for its community. It can be registered as a government agency, a corporation, or a limited liability company (LLC).Learn more about business here: https://brainly.com/question/17011472
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A company has strong ______ if it continuously seeks new ideas from customers and from looks for ways to use new technologies
" A company has strong innovation if it continuously seeks new ideas from customers and looks for ways to use new technologies. the option c is correct.
Innovation is the process of creating and putting into use fresh concepts, ideas, products, services, or procedures that benefit customers and promote business expansion. A business can keep ahead of the competition and find fresh chances for development and improvement by embracing new technologies and asking for feedback from customers. Good innovation can result in a bigger market share, happier customers, and more profits.
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complete question-
"A company has strong ______ if it continuously seeks new ideas from customers and looks for ways to use new technologies."
A) marketing
B) leadership
C) innovation
D) financials
how are final goods and services valued when measuring nominal gdp? group of answer choices at base year prices at factor market prices at foreign exchange parity at current market prices
Final goods and services are valued at current market prices when measuring nominal GDP.
Nominal GDP is a measure of the total value of all goods and services produced in an economy during a given period of time, typically a year, and is calculated by multiplying the quantity of goods and services produced by their current market prices.
For example, if an economy produces 10 units of a good that sells for $5 each and 20 units of another good that sells for $10 each, the nominal GDP would be calculated as follows:
(10 x $5) + (20 x $10) = $100 + $200 = $300
In this example, the final goods and services are valued at their current market prices, which are $5 and $10 for each unit, respectively. This approach to valuing final goods and services is called the current market prices method, which is one of the three methods used to calculate GDP, along with the factor cost method and the expenditure method.
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if the businesses in the corporate portfolio are not worth more under the management of the corporation than they would be under any other ownership, then the corporate-level strategy has failed. true false\
The given statement- "If the businesses in the corporate portfolio are not worth more under the management of the corporation than they would be under any other ownership, then the corporate-level strategy has failed" is true.It involves establishing and managing strategic objectives for the company as a whole.
What is corporate-level strategy?Corporate-level strategy is a set of tactics or actions implemented by a company to manage its operations and develop strategic goals for overall performance. It involves establishing and managing strategic objectives for the company as a whole.
It differs from a company-level strategy that deals with decisions about how the company competes in a particular market or business area.
Corporate-level strategy typically entails a variety of tactics such as mergers, acquisitions, diversification, divestiture, and strategic alliances that allow companies to expand their operations, gain new markets, and improve their overall performance.
The corporate-level strategy also helps to identify how to allocate resources to the company's businesses to achieve the highest growth potential, optimize its profitability, and build long-term value.
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your hr department reports that 12% of your 35,000 employees will be retiring in the next 10 years. the average annual compensation for those retiring employees is projected at $52,550 per employee. if you were to plan on creating efficiencies in operations over those 10 years and not replace any of those retiring employees, what would be your labor cost savings in year 11?
The labor cost savings in year 11 would be $6,183,500
Given data, Percentage of employees that will retire in the next 10 years = 12%, Total number of employees = 35,000, Annual Compensation per retiring employee = $52,550. To calculate the savings, first we need to calculate the number of employees who will retire. Number of employees who will retire = (12/100) × 35,000= 4,200.
Retirement Cost per year = Annual compensation per retiring employee × Number of employees who will retire= $52,550 × 4,200= $220,710,000. The retirement cost over 10 years = $220,710,000 × 10= $2,207,100,000.
Over those 10 years, if we plan on creating efficiencies in operations and not replace any of those retiring employees, then there will be cost savings that can be calculated as follows: Average Compensation per employee = $52,550. Savings per employee = Average Compensation per employee per year= $52,550.
Total number of employees who are going to retire = 4,200Total years over which the savings will occur = 10The total savings over 10 years = 10 × Savings per employee × Number of employees= 10 × $52,550 × 4,200= $2,205,900,000.
The labor cost savings in year 11 will be the difference between the retirement cost over 10 years and the total savings over 10 years= $2,207,100,000 - $2,205,900,000= $1,200,000. Hence, the labor cost savings in year 11 would be $1,200,000.
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