$4000 in Payable Debit Notes Debt Interest Charge: 120 Credit Cash $4,160 Debit Interest Due 40
(4,000 x 12%) x 4/12 = $160 is the total amount of interest costs.
The monthly interest expense is therefore (160/4) = $40.
In light of this, the interest expenditure for December 2016 should be reported as $40 in interest payable (current liability), which would be paid today.
Thus, the journal entry is:
Notes due on account.
Dr$4000
Interest due is Dr. $40 in Interest expense is Dr. 120
$4160 to be cashed.
The ability to withdraw money from a current bank account without having a credit balance is known as cash credit, but it is only available up to the borrowing limit, which is set by the commercial bank. With this facility, interest is calculated daily closing balance rather than the bank-provided borrowing limit.
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organizations should scrutinize their appearance requirements to determine if they may result in religious discrimination.
This is a True and Firm Statement.
Organizations should carefully consider their dress codes to see if they might lead to religious prejudice.Rejecting a candidate for a job or promotion because they practice a certain faith. requiring an employee to perform more or different tasks because of their religious practices or beliefs. setting more stringent criteria for advancement for adherents of a certain faith
How does prejudice based on religion effect a person?The findings showed that melancholy and anxiety are impacted differently and specifically by perceived racial and religious prejudice. Racial discrimination, religious discrimination, and racial discrimination all predicted worse life satisfaction when measured concurrently. Racial discrimination also predicted despair and anxiety.To Learn more about Religious Discrimination in Organisation, Click the links.
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Correct Question - organizations should scrutinize their appearance requirements to determine if they may result in religious discrimination.
True or False?
the value of toyota cars built in japan and the profits sent to japan for toyota cars assembled in germany are both components in japan's
The value of Toyota cars built in Japan and the profits sent to japan for Toyota cars assembled in Germany are both components in Japan's gross national income.
What do you suggest by using gross national income?
Gross national income (GNI) is defined as gross home product, plus internet receipts from overseas of reimbursement of personnel, belongings profits and net taxes less subsidies on production.
What is Gross national income and the way is it calculated?
Gross national income (GNI) is an alternative to gross home product (GDP) as a measure of wealth. It calculates earnings in preference to output. Gross national income can be calculated with the aid of adding profits from overseas sources to gross domestic product.
How is Gross national income one of a kind from GDP?
GDP is said to be the degree of a rustic's ordinary financial output. The Gross national income is the entire cost that is produced within a rustic, which accommodates of the Gross domestic Product together with the profits obtained from different international locations (dividends, interests).
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ig? anyone plsssssssssssssssssssss
ramirez__jayden
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because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of abc is that it provides better information to identify the cost of unused
Because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of abc is that it provides better information to identify the cost of unused capacity and maintain a separate accounting for this cost.
What is cyclical fluctuations?Cyclical fluctuations refer to disturbances around the periodic pattern line or curve of a time-series data that last for extended periods of time. These variations are brought on by both investment fluctuations and shifts in client demand.
Plant capacity is periodically unused since many businesses have seasonal and cyclical fluctuations in sales and production, which shows that space is available within the transport system's operating conditions.
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The incomplete question is-
Because many firms have seasonal and cyclical fluctuations in sales and production, a benefit of ABC is that it provides better information to identify the cost of unused __________ and maintain a separate accounting for this cost.
six major environmental forces have been identified as reshaping management. which three currently, in your judgment, have the greatest impact and why?
The three current environmental forces that have the greatest impact is technological force, demographic force, and socio-cultural forces.
What are environmental forces?The environmental forces are referred to as forces that affect the operations of any business by changing its growth and improvements in terms of revenue.
Six environmental factors include political, economic, social, technological, Legal, and environmental. Among these technological, socio-cultural, and demographic plays a crucial role as it helps to understand the demand of customers.
These forces change the demand for any product and affect the supply chain based on trends and preferences as well as the market approach of the customers.
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all of the following are forces in the marketing environment except and . (select two)
Political, Legal, Company Policy, and Employee are forces in the marketing environment, except history and genes.
The marketing environment of a company refers to the internal and external factors that affect an organization’s marketing activities. Knowledge of structural aspects and trends in the marketing environment is the key to devising and executing successful marketing strategies.
There are two broad types of marketing environments, namely internal and external marketing environments. The former includes factors within the control of a firm, such as employees, quality of product, and company policy. The latter are beyond its control, such as technological developments and regulatory shifts.
The external marketing environment further comprises a micromarketing and a macromarketing environment. Microenvironment are direct factors such as business partners and customers, while macroenvironment refers to political, social and other larger influences.
The question is incomplete. The complete question is:
All of the following are forces in the marketing environment except ___ and _____.
a) Political
b) Legal
c) History
d) Employee
e) Genes.
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the certification sponsored by the institute of management accountants that emphasizes economics, finance, management, financial accounting and reporting, management reporting, and decision analysis is the a.cma. b.cia. c.cpa. d.all of these choices are correct.
The certification sponsored by the institute of management accountants that emphasizes economics, finance, management, financial accounting and reporting, management reporting, and decision analysis is the CMA.
Four standards of ethical conduct in management accountants' professional financial accounting activities were developed by the Institute of Management Accountants. professional skills through continuous education.
As per the (IMA) institute of management accountants, there are mainly four standards which are competence, confidentiality, integrity, and credibility. Independence is not a standard for ethical conduct.
The CIMA code of ethics is made up of five fundamental principles: integrity, objectivity, confidentiality, professional financial accounting competence and due care and professional behavior: Integrity: being straightforward, honest and truthful in all professional and business relationships.
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in its analysis, how should cleantech include the disposal of the environmentally harmful waste product?
After doing the required analysis, it has been found that cleantech or cleaner technologies should include the disposal of the environmentally harmful waste product so that waste production can be minimized.
What are cleaner technologies?The majority of source reduction and waste minimization initiatives rely on cleaner technologies, which are technologies that are technologically mediated.
These "cleaner" technologies are those that are both environmentally friendly and sufficiently effective to reduce waste creation. A basic phrase for goods, procedures, or services that minimize waste.
Thus, cleaner technologies are included so that environmentally harmful waste products can be minimized.
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serial activities are those that: flow from one to the next in sequence. should be performed simultaneously. have sequential numbers. have the same
The correct option is (a). Serial activities are those that flow from one to the next in sequence.
Tasks that must be finished in a particular order are referred to as Serial activities. In other words, the first task must be finished before starting the second. Serial activities take a lot of time to complete.
Simple effective integration of all processes and functions required during the execution of a project plan is concurrent project management. It frequently focuses on the goal of more quickly and predictably getting technology to market.
The usual stage of a project management plan is an activity. Each activity comprises of one or more steps that, when taken, advance the project stage to the next. The final deliverable will be produced by the actions when they are done in succession.
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suppose that a manufacturer can produce a part for $ with a fixed cost of $. alternately, the manufacturer could contract with a supplier in asia to purchase the part at a cost of $, which includes transportation. a. if the anticipated production volume is units, compute the total cost of manufacturing and the total cost of outsourcing. b. what is the best decision?
The total cost of manufacturing = Fixed cost + variable cost per unit * number of units produced
Where fixed cost = $5,000
Variable cost per unit = $10
Number of units produced = 1,200 units
Therefore,
Total cost of manufacturing = $5,000 + $10 * 1,200
= $5,000 + $12,000
= $17,000
The total cost of outsourcing = price per unit * number of units
= $12 *1,200
=$14,400
The best decision is outsourcing as the cost of outsourcing is lower than the cost of manufacturing for the same number of units.
The break-even volume is where the cost of manufacturing will be equal to the cost of outsourcing:
Means
Fixed cost + variable cost per unit * number of units produced = price per unit * number of units
Assume that the break-even volume is X units
Therefore
$5,000 + $10 * X = $12 *X
Or $12 X - $10 X = $5,000
Or X = $5000/$2 = 2,500 units
Therefore the break-even volume is 2,500 units.
If the company’s estimate is less than 2,500 units in that case outsourcing is more economical and if the company’s estimate is more than 2,500 units in that case manufacturing of parts is more economical.
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the nintendo wii console's focus on fun, simplicity, and interactivity exemplifies this type of value innovation:
The popular computer game Nintendo, which evolved into the Nintendo Wii thanks to the Blue Ocean method, serves as the best illustration of a value innovation strategy. Launched in 2006, the Nintendo Wii is a redesigned Nintendo console that is regarded as the pinnacle of the Value Innovation idea.
This is seen as a standout in the Blue Ocean strategy, which promotes combining low cost and customer value. Nintendo got rid of extraneous features seen in gaming consoles, like the hard drive, DVD functionality concerns, and other things. Lower costs were intended as a result of doing so.
Because of this, the business was able to include numerous novel features in the new Nintendo Wii that the gaming industry had never seen before.
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we say economists or social scientists are doing positive analysis when they: question 10 options: focus on policies and rhetoric that encourage people to be optimistic about the future. look for regularities and principles that can help show how the economy works. claim that there is no value-free social science so articulating one's values is important. try to improve the welfare of all citizens
The topic referred to above is Positive Economics.
Positive economics: It is the study of economics through an objective and analytical perspective. Most economists enumerate their future predictions on their past and present experiences i.e. what has already happened and what is happening in a particular economy. This investigation process is economically very advantageous.
Advantages of Positive Economics:
Policymakers can use positive economic theory to execute normative value judgments.
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How is the principle of ""there’s no such thing as a free lunch"" illustrated in a socialist economy?.
There ain't no such thing as a free lunch," sometimes known as "there is no such thing as a free lunch," is a statement that expresses the cost of making decisions and consuming goods and services. This idiom emphasizes the point that there is never anything in life that comes without a price, even if it seems to be free.
Larger-than-average government programs and higher tax rates are typical in socialist nations.
This concept of a "free lunch" is linked to the contemporary welfare state, which emerged as a compromise between socialism and free-market capitalism (which means the private, or corporate, ownership of the same). It's impossible to name a really socialist or fully capitalist society among those that have existed throughout history.
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ken works for a company that has many different departments and there are vice presidents who oversee each department brainly
Ken operates for a company that has many distinct departments, and there are vice presidents who oversee each department. Ken's company Decentralized is the type of association.
Decentralized
In the business world, the decentralization of movements consists of the separation into units in which each of these departments has a responsible and independent boss. This is the Oporto of centralization, which consists of the control of all actions by a single leader. Decentralization is a common technique that seeks to give more efficiency and control to the actions of a company.
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suppose jake is currently using combination d, producing one truck per day. his opportunity cost of producing a second truck per day is
There are two main types of opportunity cost and they are:
explicit opportunity cost implicit opportunity cost. What is Opportunity Cost?This refers to the foregone alternatives that are made when making a purchasing decision.
Hence, we can see that your question is incomplete, so I gave you a general overview to help you get a better understanding of the concept.
With this in mind, although the question is incomplete, an opportunity cost is a foregone alternative and this shows what was forfeited for something else
Hence, with the knowledge of this, you can find the opportunity cost with the complete question.
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Which of the following is characteristic of a centrally planned economy?
heliot company operates its business in state h, which levies a 6 percent sales and use tax. this year, heliot purchased a $600,000 item of tangible property in state k and paid $18,000 sales tax to the state. it also purchased a $750,000 item of tangible property in state l and paid $48,750 sales tax to the state. firm h transported both items of property into state h for use in its business.
The total Use tax Heliot Owes State H for Property in K is $18,000
What is a business?A business can be defined as the part where the buying and the selling of the product is done in the organization.
Use of Tax Heliot owes to State H for Property Purchased
The value of the property in State H that Heliot Purchased = $600,000
Tax rate applicable in State H = 6%
Tax for Pre-credit use (0.06 x 600,000) = $36,000
Subtract The sales tax paid by Heliot to State K = loss $18,000
The total Use tax Heliot Owes State H is $18,000
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The question is incomplete, the complete question is:
Compute the use tax that Heliot owes to State H for the property purchased in State K.
amber is your best friend's 19-year-old daughter. amber has a two-year-old child. you know that amber lived at home and was a full-time student until she quit college at the end of september of the tax year. your friend (amber's mom) gives you amber's tax documents and tells you to let amber claim herself and claim her child for earned income credit (eic). to meet the eic due diligence knowledge requirement, you:
Able to finish Amber's form and file her as a single, non-dependent taxpayer with an Earned Income Tax Credit (EITC) for her kid.
The requirements listed below must be met in order to qualify.
The youngster must possess a current social security number.The only person who should be claiming this child is Grace.Amber's child must pass the four examinations listed below.a) The kid must have resided with Amber in the United States for more than half of the year.
b) The youngster must be under the age of 19 or 24, if they are full-time students.
c) Grace's child shouldn't have filed a joint return, according to the Joint Return Test.
d) The kid should be a daughter, son, adopted child, stepchild, etc. Relationship test
Amber should have earned less than $40320 in adjusted gross income for the whole year because she only had one child.
If the aforementioned requirements are met, Amber's return can be filed, designating her as a single, non-dependent taxpayer with an Earned Income Tax Credit (EITC) for her kid.
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a manager may over-research the appropriateness of a decision a. because it is important to be 100% certain before making a decision b. because the costs of a false positive are usually larger c. because managers can face inordinate censure from agreeing to a bad decision d. because the costs of a false negative are usually larger
A manager may additionally over-research the appropriateness of a decision due to the fact the expenses of a false fine are usually larger.
The selection at the beginning comes from the Latin decidere ("decide"). you make decisions every day: what to put on, what to eat, a way to spend your cash, who to vote for, what movie to visit. A courtroom decide makes a decision in a trial (and in fact "fingers down" or "publicizes" that decision).
The definition of choice is a preference that is made or the act of creating up one's mind. the choice of paper in preference to plastic is an instance of a choice. An instance of a selection is the decision of a decision.
Sturdy selection-making helps solve troubles directly and creates a leadership position for the decision-makers. robust selections ought to be independent and without any emotional influences that might make us neglect shortcomings. Such choice-making ought to also be obvious and logical.
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true or false? scale should be a top priority for all companies, even early-stage companies who are still defining product-market fit.
The given statement of product-market fit is false.
What is Product-Market fit?
"Product-market fit" means "being in a good market with a product that can fulfil that market," argues startup coach and investor Marc Andreessen. Product-market fit occurs when an entrepreneur discovers a market need and creates a solution that buyers desire to buy. This concept may appear apparent, but it is critical to ensure that there are enough individuals interested in what your company offers and to develop your value proposition properly. Product-market fit may be more important to the future of your firm than brilliant ideas, great teams, or any other element, therefore it is crucial to consider when developing the product. People must buy what a business sells in order for it to survive.
scale should not be a top priority for all companies, even early-stage companies who are still defining product-market fit
Hence, the given statement is false.
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of the two organizations created at bretton woods in 1944, which is considered the less controversial?
Out of the two organizations created at Bretton woods in 1944, the one that is considered the less controversial is World Bank.
What was Bretton Woods?The Bretton Woods System came about as a result of a meeting in 1944 called the Bretton Woods Agreement.
This agreement called for rules that would govern the financial relationships between the major nations of the world. It formed the World Bank and the International Monetary Fund with the World Bank being less controversial.
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push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
Push is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
How important motivation is?Any workplace considers employee motivation to be essential because it results in better departmental and even corporate performance. In contrast to the other employees who are disengaged and have low motivation, only 13% of employees remain engaged and motivated at work.
Employee motivation is a key element in increasing worker productivity because motivated employees are more likely to perform their jobs to the best of their abilities with minimal effort, time, and resource waste.
Such motivation fills the gap between the ability to work and the desire to work by utilizing resources to their fullest and best potential.
An employee is motivated, more effective, and productive at work when they are willing to put in the effort.
Thus, push is all that an employee needs to perform well.
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Question: is that employees will be more efficient and have higher production output if they are trained to work in a specific way, and they receive feedback about how well they are doing their work.
at some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. a study by grossman and krueger found this generally occurred before per capita income levels reached
A study by Grossman and Krueger found this generally occurred before per capita income levels reached $8,000.
What is pollution?Pollution can be defined as the physical degradation, destruction or contamination of the environment, especially through littering of waste products (garbage) or an emission of hazardous, poisonous, and toxic chemical compounds by various factories and industries.
According to the study conducted by Grossman and Krueger in the early 1990s, there is a hump-shaped (inverse-U-shaped) relationship between levels of pollution and income levels in the economy. This ultimately implies that, as the economy grows and income levels rise, at some point, the levels of pollution would decrease.
Based on the environmental Kuznets curve (EKC) by Grossman and Krueger, which was a graph of pollution levels in terms of GDP per capita, the peak of the predicted pollution-income paths generally occurred before a country reaches a per capita income of $8000 in 1985 dollars.
In this context, we can reasonably and logically deduce that the study conducted by Grossman and Krueger found that the above generally occurred before per capita income levels reached $8,000 in 1985 dollars.
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Complete Question:
At some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. A study by Grossman and Krueger found this generally occurred before per capita income levels reached.
$1,000.
$25,000.
$31,000.
$8,000.
any time patients state that they receive medicaid, they must present a valid medicaid identification card because eligibility, in many cases, will depend on the patient’s income.
Any time patients state that they receive Medicaid, they must present a valid Medicaid identification card because eligibility, in many cases, will rely upon the patient’s Monthly income.
What is Medicaid?Medicaid provides health coverage to many Americans, including eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities. Medicaid is an assistance program. It provides helps to low-income people of every age. Patients generally pay no part of costs for covered medical expenditures . A small co-payment sometimes required. Medicaid is said to be federal-state program.
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sue now has $280. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
In 8 years when Sue leaves $280 invested at 8.5% with annual compounding, she would have: $537.77
The formula for compound interest and procedure we will use to solve this exercise is:
C.I = P * [1+(R/100)]^T - P
Where:
P = principalR = rate of interest in % per annumT = timeInformation about the problem:
P = $280R = 8.5%T = 8 yearsTotal amount = ?Applying the compound interest formula, we get:
C.I = P * [1+(R/100)]^T - P
C.I = 280 * [1+(8.5/100)]^8 - 280
C.I = 280 * (1+0.085)^8 - 280
C.I = 280 * (1.085)^8 - 280
C.I = 280 * 1.921 - 280
C.I = 537.77 - 280
C.I = $257.77
Calculating the total amount that would be in my savings account, we get:
Total amount = P + C.I.
Total amount = $280 + $257.77
Total amount = $537.77
What is compound interest?It is the operation in which we calculate the profit produced by a capital loaned at a certain percentage and whose interest accrues to this capital every certain period of time.
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a review of the accounting records of solomon manufacturing indicated that the company incurred the following payroll costs during the month of march. assume the company's financial statements are prepared in accordance with gaap. salary of the company president—$31,000. salary of the vice president of manufacturing—$16,200. salary of the chief financial officer—$19,600. salary of the vice president of marketing—$15,200. salaries of middle managers (department heads, production supervisors) in manufacturing plant—$199,000. wages of production workers—$931,000. salaries of administrative personnel—$110,000. salaries of engineers and other personnel responsible for maintaining production equipment—$173,000. commissions paid to sales staff—$259,000.
Part A: Selling, general, and administrative expenses are those that are not directly related to the sale of each product. In other words, these expenditures are not included in COGS.
When an SG&A cost is deemed a direct cost, it is allowed to classify the cost as cost of goods sold on the income statement.
It is also allowed in the provided Question to shift commission paid to sales employees to COGS because it may be directly tied to product sale. The attached payroll expenses X would be classed as SG&A. Hence the total SG&A cost is $ 434,800.
Part B: Payroll Costs that are classified as Cost of Goods Sold
COGS are the costs involved in the process of manufacturing or producing products.
It covers direct labor expenses of employees who manufacture the items as well as manufacturing overhead, which are expenditures associated with producing the commodities. Hence, the Payroll Costs that are included in the cost of goods sold are: $ 1, 319, 200
For computation see the attached image.
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translation or specification gaps emerge when you focus too intently on industry standards or internal capabilities that are not aligned with customers’ real needs.
Translation or specification gaps emerge when you focus too intently on industry standards or internal capabilities that are not aligned with customers’ real needs is true.
Hard and fast standards inside an industry regarding the usual functioning and sporting out of operations in their respective fields of production. In other words, it is the usually widespread necessities accompanied by the aid of the participants of an enterprise.
Exceptional enterprise requirements approach the standards which fall inside the top quartile inside the relevant enterprise for the supply of similar services which might be notably similar to the services or the relevant part of them, having regard to factors that include the nature and length of the events.
The primary purpose of industry standards is to make exceptional products compatible with every other and to make certain customers that they can thoroughly mix and suit products from exclusive brands. They pressure enterprise innovation, and price discounts and permit an expansion of value-effective, simple-to-use, holistic solutions.
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A single person earns a gross biweekly salary of $840 and claims 5 exemptions. How will federal taxes affect his net pay?.
Federal taxes affect Net pay will decrease $13 from the gross pay.
Tax is collected from individuals and corporations by the city, state, or country where they reside or operate. When the tax collected is credited to the country's government, it is referred to as a federal tax. Governments use the money collected through federal taxes to pay for the growth and upkeep of the country.
The federal income tax is a tax on annual earnings for individuals, businesses, and other legal entities. All wages, salaries, cash gifts from employers, business income, tips, gambling income, bonuses, and unemployment benefits are subject to a federal income tax.
The rates apply to taxable income—adjusted gross income minus either the standard deduction or allowable itemized deductions. Income up to the standard deduction (or itemized deductions) is thus taxed at a zero rate. Federal income tax rates are progressive: As taxable income increases, it is taxed at higher rates.
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Answer:
D
Explanation:
source: Trust me bro
sells general merchandise directly from the manufacturer at a discount; items may be discontinued or have certain product flaws.
Outlet stores offer general stuff at a reduced price that is sold directly from the manufacturer; certain items may have been discontinued or have manufacturing defects.
Customers might get daily deals and lower pricing at an outlet store. Outlet stores actually started out as locations where merchants offered discounted or damaged goods for sale. Outlets have evolved into stores that satisfy consumer demand for name-brand goods that are reasonably priced and of high quality. In contrast, a retail store's purpose is to sell high-quality goods at retail prices, therefore there aren't many discounts unless there is a sale or special occasion. The quality of the products sold at an outlet store is related.
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how are expenses forecasted on a pro forma income statement? a.) as a percentage of forecasted sales, based on historical data b.) by duplicating actual expenses from the preceding period c.) as a percentage of gross margin d.) by adjusting expenses from the previous period for inflation
Pro-forma projections are usually produced using Pro-forma financial statements and are forecasted using simple forecasting processes. When making these forecasts, revenues will usually provide the initial groundwork for the forecast, and expenses and other items are calculated as a percentage of future sales.
What is a Pro-forma income statement?The adjusted income statement will appear this way when certain assumptions, such as non-recurring items, restructuring costs, etc., are excluded or if a loss-making unit is discontinued, according to the pro forma income statement, also known as pro forma profit and loss. When used in a business plan, it represents financial forecasts based on managers’ or analysts’ assumptions about the company. A Pro forma income statement is the statement prepared by the business entity to prepare the projections of income and expenses, which they expect to have in the future by following certain assumptions such as competition level in the market, size of the market, growth rate, etc.
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