Answer:
Explanation:
Solution
At first, we will determine that whether we have communicated to our customers in a past that we will keep their information confidential and never be sold to any other person or business for any future marketing. If we have made such communication, then we should take information confidential and do not give to others.Similarly, if there is no confidentiality communication made in a past, then we can put an offer towards Brawner. We offer him that instead of providing phone numbers and email to him, pay tome, we will email and call the customers and let them know about Brawner and local record store. So in case any customers want something, they will contact directly to you (Brawner) or his shop.
If there is a communication to customers or from customers that the data should be kept private and not shared with anyone, the café owner should not share it.
Decision making based theory:It's crucial to know how the data will be utilised and whether or not it will be shared with the owner of the record store.
Customers should be consulted before the data is shared, and the store owner's details and interest in them should be disclosed.
It makes good commercial sense to provide the data in exchange for money because the café owner has invested a significant amount of time, effort, and money in gathering the information.
An agreement can be reached with the store owner for the sharing of data with other businesses, limiting data usage and avoiding rivalry.
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What initial costs are associated with renting an apartment?
Answer:
security deposit, first month's rent and utility hook ups
Explanation:
Trek Company has the following production data for April: units transferred out 41,400, and ending work in process 5,620 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $6 and unit conversion cost is $10. Determine the costs to be assigned to the units transferred out and the units in ending work in process.
Answer and Explanation:
The computation of the cost assigned is given below:
For units transferred out
= 41,400 units × ($6 + $10)
= $662,400
For ending work in units
= 5,620 units × $6 + 5,620 units × 40% × $10
= $33,720 + $22,480
= $56,200
Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $662,400 and $56,200 respectively
Kara files her income tax return 64 days after the due date of the return without obtaining an extension from the IRS. Along with the return, she remits a check for $15,400, which is the balance of the tax she owes. Note: Assume 30 days in a month.
Required:
Disregarding the interest element, enter Kara's penalty amount for each, failure to file and failure to pay.
Failure to pay________$
Failure to file________$
Answer:
failure to file :$2079
failure to pay:$231
Explanation:
given data
remits a check = $15,400
days in a month = 30
return = 64 days
solution
computation of Kara's penalty amount for failure to pay
failure to pay will be
failure to pay = 0.5% of tax owed × number of months .......................1
failure to pay = 0.5% × $15400 × 3
failure to pay = $231
and
Computation of Kara's penalty amount for failure to file
failure to file will be
failure to file = (5% of tax owed × number of months or part thereof) - failure to pay penalty .......................2
failure to file = (5% × $15400 × 3) - $231
failure to file = $2310 - $231
failure to file = $2079
This is to inform you that I will be leaving work early today.
This is to inform you that I will be leaving work early today. The grammar in this sentence is correct.
What is grammar?The grammar of a natural language is its set of structural constraints on speakers' or writers' composition of clauses, phrases, and words. The term can also refer to the study of such constraints, a field that includes domains such as phonology, morphology, and syntax, often complemented by phonetics, semantics, and pragmatics. There are currently two different approaches to the study of grammar: traditional grammar and theoretical grammar.
Fluent speakers of a language variety or lect have effectively internalized these constraints, the vast majority of which at least in the case of one's native languages are acquired not by conscious study or instruction but by hearing other speakers. Much of this internalization occurs during early childhood; learning a language later in life usually involves more explicit instruction.
The term grammar can also describe the linguistic behaviour of groups of speakers and writers rather than individuals.
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Your question is incomplete, but most probably the full question is:
Check the grammar of the sentence given below is correct or incorrect:
This is to inform you that I will be leaving work early today.
Using your knowledge of technical security programs, give what you consider to be the best example of a situation where you found a solution to a practical problem. Indicate the nature of the problem, who was affected by the problem and in what way, and the results or benefits of your solution.
Answer:
The description of the topic would be summarized throughout the explanation segment following the table.
Explanation:
Information technology security initiatives were also infrastructure presents challenges which help psychical safety systems operate effectively.
An illustration about the use of analytical information security has been the authentication protocol during an education institution to significantly reduce the likelihood of either proxy participation or imitation by a teaching assistant on multiple occasions of a bona fide applicant.ABC Information systems seem to be a corporation that always operates computer-based assessments on multiple occasions of certain educational institutions that don't have an adequate foundation to manage such assessments on a fee-based basis.Throughout the very first phase, this same bar code allows each student to gain entry into the testing facility. Throughout the second phase, this same sophisticated surveillance system complemented the signatures and perhaps even the infrared camera including its examiner with either the information gathered from either the college. These same two treatments took several minutes to accomplish, as well as the actual evidence of inaccuracy has been fully functional.The surveillance system has led to an increase throughout zero case scenarios of manipulation throughout the last 2 decades. Even as the corporation would be the one to incorporate that very framework, it was capable of attracting numerous potential subscribers thru all the productivity as well as generosity.The Oxford Company uses a job order cost system and applies factory overhead to jobs on the basis of direct labor cost. During the month of July, the following activities took place in the work-in-process account:
Beginning $15,000
Direct materials 10,000
Direct labor 30,000
Overhead applied 15,000
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At the end of July, only one job (Job #15), was still in process. This job has been charged with $2,000 of direct materials cost.
Required:
Determine the amount of direct labor cost incurred and overhead applied in the ending inventory of work-in-process on July 31.
Answer:
See below
Explanation:
The amount of direct labor cost incurred is computed as;
= $30,000/$70,000 × $2,000
= $857
Overhead applied in ending working in the ending inventory of work in process on July 31
= $15,000/$70,000 × $2,000
= $429
The following selected transactions relate to liabilities of United Insulation Corporation. Unitedâs fiscal year ends on December 31.
Jan. 13 Negotiated a revolving credit agreement with Parish Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $25.0 million at the bankâs prime rate.
Feb. 1 Arranged a three-month bank loan of $2.0 million with Parish Bank under the line of credit agreement. Interest at the prime rate of 13% was payable at maturity.
May 1 Paid the 13% note at maturity.
Dec. 1 Supported by the credit line, issued $17.6 million of commercial paper on a nine-month note. Interest was discounted at issuance at a 12% discount rate.
31 Recorded any necessary adjusting entry(s).
2022 Sept. 1 Paid the commercial paper at maturity.
Required:
Prepare the appropriate journal entries through the maturity of each liability 2016 and 2017.
Answer:
13-Jan
No Entry
1-Feb
Dr Cash $25,000,000
Cr Notes Payable $25,000,000
1-May
Dr Notes Payable $25,000,000
Cr Interest Expense 812,500
Cr Cash 25,812,500
1-Dec
Dr Cash (bal) $16,016,000
Dr Discount On Notes Payable $1,584,000(17,600,000*12%*9/12)
CrNotes Payable $17,600,000
31-Dec
Dr Interest Expense $176,000
Discount in Notes Payable $176,000
1-Sep
Dr Interest Expense ($1,408,000
Cr Discount On Notes Payable $1,408,000
1-Sep Dr Notes Payable $17,600,000
Cr Cash $17,600,000
Explanation:
Preparation of the appropriate journal entries through the maturity of each liability 2016 and 2017
13-Jan No Entry
1-Feb
Dr Cash $25,000,000
Cr Notes Payable $25,000,000
1-May
Dr Notes Payable $25,000,000
Cr Interest Expense 812,500
(25000000*13%*3/12)
Cr Cash 25,812,500
1-Dec
Dr Cash (bal) $16,016,000
($17,600,000-$1,584,000)
Dr Discount On Notes Payable $1,584,000
(17,600,000*12%*9/12)
CrNotes Payable $17,600,000
31-Dec
Dr Interest Expense $176,000
Discount in Notes Payable $176,000
(1,584,0000*1/9)
1-Sep
Dr Interest Expense (1,584,000*8/9) $1,408,000
Cr Discount On Notes Payable $1,408,000
1-Sep Dr Notes Payable $17,600,000
Cr Cash $17,600,000
Top hedge fund manager Sally Buffit believes that a stock with the same market risk as the S&P 500 will sell at year-end at a price of $49. The stock will pay a dividend at year-end of $3.00. Assume that risk-free Treasury securities currently offer an interest rate of 2.1%. Average rates of return on Treasury bills, government bonds, and common stocks, 1900–2017 (figures in percent per year) are as follows. Portfolio Average Annual Rate of Return (%) Average Premium (Extra return versus Treasury bills) (%) Treasury bills 3.8 Treasury bonds 5.3 1.5 Common stocks 11.5 7.7
Answer:
a. 9.80%
b. $47.36
Explanation:
a. Discount rate
Discount rate on stock = Risk free rate + Average risk premium on stock
= 2.1% + 7.7%
= 9.80%
b. The price today will be the present value of the stock given the future price and the expected dividends.
= (Future price + dividends) / ( 1 + rate) ^ No. of periods
= (49 + 3) / (1 + 9.8%)
= 52 / 1.098
= $47.36
0
Of these common educational requirements for Law, Public Safety, and Security careers, which are you most
interested in achieving? Check all that apply.
high school diploma
traditional two- or four-year college degree
advanced degree after a traditional four-year college degree
specialized technical certificate or degree, such as a certificate for expertise in a software program
on their training eynerience
Answer:
There is no right or wrong answer, it is based off of your own opinion
Explanation:
:) Hope I cleared the confusion (:
Answers
traditional two- or four-year college degree
advanced degree after a traditional four-year college degree
specialized technical certificate or degree, such as a certificate for expertise in a software program
KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,400.
1. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
2. How much is net working capital? (Do not round intermediate calculations.)
Answer:
See below
Explanation:
1. Value of shareholder's equity is computed as
= Total assets - Current liabilities - long term debt
= [($4,200 + $24,400) - $3,750 - $8,400]
= $28,600 - $3,750 - $8,400
= $16,450
2. How much is net working capital
This is computed as;
= Total current asset - Total current liabilities
= $4,200 - $3,750
= $450
Which of the following directly generates revenue for a business?
O A. Assets
O B. Resources
O c. Output
O D. Capital
Answer:
Answer: C Output
Explanation:
Took the Test
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. Percent Completed Units Materials Conversion Work in process, beginning 20,000 100% 75% Started into production 180,000 Completed and transferred out 160,000 Work in process, ending 40,000 100% 25% Materials Conversion Work in process, beginning $ 25,200 $ 24,800 Cost added during June $ 334,800 $ 238,700 Required: 1. Calculate the Blending Department's equivalent units of production for materials and conversion in June. 2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June. 3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June. 4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June. 5. Prepare a cost reconciliation report for the Blending Department for June.
Answer:
A. Material 200,000
Conversion 170,000
B. Materials $ 1.80
Conversion $ 1.55
C. Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000
D. Cost of beginning work in process inventory $50,000
Costs added to production during the period $573,500
Explanation:
A. Calculation for the Blending Department's equivalent units of production for materials and conversion in June.
Equivalent units of production:
Materials
Transferred to next department
160,000
Equivalent units in ending work in process inventory:
Materials: 40,000
(40,000 units × 100% complete )
Equivalent units of production 200,000
Conversion
Transferred to next department
160,000
Add Conversion10,000
40,000 units × 25% complete
Equivalent units of production 170,000
B. Calculation for the Blending Department's cost per equivalent unit for materials and conversion in June.
Cost per equivalent unit:
Materials Conversion
Cost of beginning work in process $25,200 $24,800
Cost added during the period 334,800 238,700
Total cost $360,000 $263,500 (a)
Equivalent units of production
200,000 170,000 (b)
Cost per equivalent unit (a) ÷ (b) $ 1.80 $ 1.55
Materials =($360,000÷200,000=$ 1.80)
Conversion=($263,500÷170,000=$ 1.55)
C. Calculation for the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.
Materials Conversion Total
Ending work in process inventory:
Equivalent units 40,000 10,000
Cost per equivalent unit $1.80 $1.55
Cost of ending work in process inventory $72,000 $15,500 $ 87,500
Units completed and transferred out:
Units transferred to the next department 160,00 160,000
Cost per equivalent unit $1.80 $1.55
Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000
D. Preparation of a cost reconciliation report for the Blending Department for June
Cost of beginning work in process inventory $50,000
($25,200 + $24,800)
Costs added to production during the period $573,500
($334,800 + $238,700)
Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $ 26,000 Accounts payable 2,400 Accrued liabilities payable 4,100 Notes payable (current) 26,000 Notes payable (noncurrent) 1,800 Common stock 53,000 Additional paid-in capital 94,000 Retained earnings 3,700 $ 16,000 2,700 6,200 44,000 9,900 89,100 43, 100
During the current year, the company had the following summarized activities:
a. Purchased short-term investments for $8,300 cash.
b. Lent $5,300 to a supplier who signed a two-year note.
c. Purchased equipment that cost $28,000; paid $5,000 cash and signed a one-year note for the balance.
d. Hired a new president at the end of the year. The contract was for $81,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year.
e. Issued an additional 2,100 shares of $0.50 par value common stock for $14,000 cash.
f. Borrowed $17,000 cash from a local bank, payable in three months.
g. Purchased a patent (an intangible asset) for $2,800 cash.
h. Built an addition to the factory for $25,000; paid $7,300 in cash and signed a three-year note for the balance.
i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,200.
1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. (Two items have been given in the cash T-account as examples).
Cash 26,000 Investments (short-term) 2,400 Beg. Bal. Beg. Bal. 8,300 (a) 5,300 (6) 5,000 (c) (d) End. Bal. 2,400 End. Bal. 7,400 Accounts Receivable 4,100 Inventory 26,000 Beg. Bal. Beg. Bal. End. Bal. 4,100 End. Bal. 26,000 Notes Receivable (long-term) 1,800 Equipment 53,000 Beg. Bal. Beg. Bal. End. Bal. L 1,800 End. Bal. 53,000
Answer:
Jaguar Plastics Company
T- Accounts:
Cash
Account Titles Debit Credit
Beginning balance $16,000
a. Short-term Investments $8,300
b. Note receivable (long-term) 5,300
c. Equipment 5,000
e. Common stock 1,050
e. Additional Paid-in Capital 12,950
f. Note payable (current) 17,000
g. Intangible 2,800
h. Factory Building 7,300
i. Equipment (refund) 1,200
Investments (short-term)
Account Titles Debit Credit
Beginning balance $2,700
a. Cash 8,300
Accounts receivable
Account Titles Debit Credit
Beginning balance $6,200
Inventory
Account Titles Debit Credit
Beginning balance $44,000
Notes receivable (long-term)
Account Titles Debit Credit
Beginning balance $ 9,900
b. Cash 5,300
Equipment
Account Titles Debit Credit
Beginning balance $89,100
c. Cash 5,000
c. Note Payable (short) 23,000
i. Cash (refund) $1,200
Factory building
Account Titles Debit Credit
Beginning balance $43,100
h. Cash 7,300
h. Note payable
(non-current) 15,700
Intangibles
Account Titles Debit Credit
Beginning balance $26,000
g. Cash $2,800
Accounts payable
Account Titles Debit Credit
Beginning balance $2,400
Accrued liabilities payable
Account Titles Debit Credit
Beginning balance 4,100
Notes payable (current)
Account Titles Debit Credit
Beginning balance 26,000
c. Equipment 23,000
f. Cash 17,000
Notes payable (noncurrent)
Account Titles Debit Credit
Beginning balance 1,800
h. Factory Building 15,700
Common stock
Account Titles Debit Credit
Beginning balance 53,000
e. Cash 1,050
Additional paid-in capital
Account Titles Debit Credit
Beginning balance 94,000
e. Cash 12,950
Retained earnings
Account Titles Debit Credit
Beginning balance 3,700
Explanation:
a) Data and Calculations:
Trial Balance as at December 31:
Debit Credit
Cash $16,000
Investments (short-term) 2,700
Accounts receivable 6,200
Inventory 44,000
Notes receivable (long-term) 9,900
Equipment 89,100
Factory building 43,100
Intangibles $26,000
Accounts payable 2,400
Accrued liabilities payable 4,100
Notes payable (current) 26,000
Notes payable (noncurrent) 1,800
Common stock 53,000
Additional paid-in capital 94,000
Retained earnings 3,700
Totals $211,000 $211,000
Suppose that the standard deviation of quarterly changes in the prices of a commodity is $0.65, the standard deviation of quarterly changes in a futures price on the commodity is $0.81, and the coefficient of correlation between the two changes is 0.8. A three-month contract is used for hedging. Which of the following is true?
A. The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
B. The size of the company’s exposure should be 64.2% of the size of the futures position in a three-month hedge.
C. The size of the futures position should be 35.8% of the size of the company’s exposure in a three-month hedge.
D. The size of the futures position should be 99.7% of the size of the company’s exposure in a three-month hedge.
Answer:
The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
Explanation:
As given,
The standard deviation of quarterly changes in the prices of a commodity = $0.65
The standard deviation of quarterly changes in a futures price on the commodity = $0.81
The coefficient of correlation between the two changes = 0.8
Now,
Optimal hedge ratio = 0.8×[tex]\frac{0.645}{0.81}[/tex] = 0.8×0.80 = 0.6419
⇒Optimal hedge = 0.6419 ≈ 0.642 = 64.2 %
⇒The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
Emily recently quit her job at a major corporation because she saw little chance for advancement. Although she is still searching for a new position, Emily believes the economy is healthy and she hears that several firms are hiring people with her qualifications. Which of the following statements about Emily's current situation is most accurate?
a. not considered unemployed because she voluntarily quit her job.
b. an example of cyclical unemployment.
c.an example of frictional unemployment.
d. likely to find employment quickly if she seeks training in a different field
Answer:
C)an example of frictional unemployment
Explanation:
Frictional unemployment can be regarded as " search unemployment" and it's a type of unemployment which can be as a result of the individual circumstances, this is the period of time used between jobs by workers trying to search for jobs or moving from initial job to another.
On January 1, year 8, Crimson Corp., a closely held corporation, issued 5% bonds with a maturity value of $90,000, together with 1,500 shares of its $3 par value common stock, for a combined cash amount of $121,800. The market value of Crimson’s stock is uncertain. If the bonds had been issued separately they would have sold at 102. What amount should Crimson report for additional paid-in capital (or paid-in capital—excess of par) upon issuing the stock?
Answer:
The amount Crimson should report for additional paid-in capital (or paid-in capital—excess of par) upon issuing the stock is $25,500.
Explanation:
Additional paid-in capital is the excess of market value of common stock over the face value of common stock. Therefore, the amount Crimson should report for additional paid-in capital can be calculated as follows:
Face value of common stock = Number of shares issued * Price per share = $1,500 * $3 = $4,500
Since if the bonds had been issued separately they would have sold at 102, this implies that the market value of the bonds is 102% of the face value of the bond. Therefore, we have:
Bonds market value = Bonds face value * 102% = $90,000 * 102% = $91,800
Market value of common stock = Combined cash amount - Bonds market value = $121,800 - $91,800 = $30,000
Therefore, we have:
Additional paid-in capital = Market value of common stock - Face value of common stock = $30,000 - $4,500 = $25,500
Therefore, the amount Crimson should report for additional paid-in capital (or paid-in capital—excess of par) upon issuing the stock is $25,500.
Sorter Company purchased equipment for $330,000 on January 2, 2019. The equipment has an estimated service life of 8 years and an estimated residual value of $33,000 . Required: Compute the depreciation expense for 2019 under each of the following methods: Straight-line: $ fill in the blank 1 Sum-of-the-years'-digits: $ fill in the blank 2 Double-declining-balance: $
Answer:
1. Depreciation expense for 2019(Straight-line)= (Cost of the assets - Salvage value) / life of the assets
= ($330000 - $33000)/8
= $37,125
2. Sum-of-the-years'-digits = 1+2+3+4+5+6+7+8 = 36
Depreciation Expense for 2019(Sum-of-the-years'-digits method)
= ($330000 - $33000)*8/36
= $66,000
3. Double-declining-balance depreciation rate = (100/8 years)*2 = 25%
Depreciation Expense for 2019 = 330000*25% = $82,500
Problem 01-2A Classifying costs LO C2, C3 The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.
Advertising expense $28,750
Depreciation expense—Office equipment 7,250
Depreciation expense—Selling equipment 8,600
Depreciation expense—Factory equipment 33,550
Factory supervision 102,600
Factory supplies used (indirect materials) 7,350
Factory utilities 33,000
Direct labor 675,480
Indirect labor 56,875
Miscellaneous production costs 8,425
Office salaries expense 63,000
Raw materials purchases (direct) 925,000
Rent expense—Office space 22,000
Rent expense—Selling space 26,100
Rent expense—Factory building 76,800
Maintenance expense—Factory equipment 35,400
Sales 4,462,500
Sales salaries expense 392,560
Required:
Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct labor, or factory overhead and each of the period costs as either selling or general and administrative expenses.
Answer:
Part 1
a. Period Cost
Advertising expense $28,750
Depreciation expense—Office equipment $7,250
Depreciation expense—Selling equipment $8,600
Office salaries expense $63,000
Rent expense—Office space $22,000
Rent expense—Selling space 26,100
Sales salaries expense $392,560
b. Product Cost
Depreciation expense—Factory equipment $33,550
Factory supervision $102,600
Factory supplies used (indirect materials) $7,350
Factory utilities $33,000
Direct labor $675,480
Indirect labor $56,875
Miscellaneous production costs $8,425
Raw materials purchases (direct) $925,000
Rent expense—Factory building $76,800
Maintenance expense—Factory equipment $35,400
Part 2
a. Direct material
Raw materials purchases (direct) $925,000
b. Direct Labor
Direct labor $675,480
c. Factory overhead
Depreciation expense—Factory equipment $33,550
Factory supervision $102,600
Factory supplies used (indirect materials) $7,350
Factory utilities $33,000
Indirect labor $56,875
Miscellaneous production costs $8,425
Rent expense—Factory building $76,800
Maintenance expense—Factory equipment $35,400
Part 3
a. selling expense
Advertising expense $28,750
Depreciation expense—Selling equipment $8,600
Rent expense—Selling space $26,100
Sales salaries expense $392,560
b. general and administrative
Depreciation expense—Office equipment $7,250
Office salaries expense $63,000
Rent expense—Office space $22,000
Explanation:
Period Costs comprises all manufacturing costs and are used for inventory valuation. Period costs comprises of all non-manufacturing costs and are expensed in the income statement.
Overhead Costs are Manufacturing costs that can not be traced directly to the product being manufactured. They need to be apportioned using cost drivers to the products or cost centers.
Leasing companies purchase capital equipment, like airplanes or trucks, and then lease the equipment to the firms that actually use them. On its face, it is hard to see why this is a wealth-creating transaction since the end users could borrow money and purchase their own equipment. The answer is that banks, due to the way they are regulated, are more willing to lend to companies with less debt. By leasing equipment, a company moves debt off its balance sheet, which makes it easier to borrow more heavily. The enhanced borrowing ability of low-debt companies makes leasing more valuable than borrowing and buying. In the fall of 2015, one such truck leasing company was having trouble making money. The company purchased over-the-road trucks for $92,000 and then leased them to various transport companies, ranging from small owner-operators to large publicly owned firms with fleets of over hundred trucks. Salespeople who negotiated the leases were paid a commission of $2,000 for every truck they leased.
1. Why is the leasing company losing money? Explain.
2. How do we fix this situation and turn the company to a profitable one?
Explanation:
the reason the leasing company is losing money is because the people in sales are paid their commission for every equipment not regarding the amount of profit that was made. This brought about leasing of so many equipments as they could without thinking if it would have a positive or negative impact on the company. they could lease as many equipments as they could because they were charging low rates to leasing companies.
2. How do we fix this situation and turn the company to a profitable one
The company can fix this by figuring out a much better way to pay incentives to the people in sales. Incentives should be paid out of the profits of the business in such a way that if the lease rate is reduced the performance of those in sales is reduced also.
On April 6, Home Furnishings purchased $37,000 of merchandise from Una's Imports, terms 2/10, n/45. On April 8, Home Furnishings returned $7,800 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15. Required What is the amount that Home Furnishings must pay Una's Imports on April 15
Answer:
the amount that have to be paid is $28,616
Explanation:
The computation of the amount that have to be paid is shown below:
= (Merchandise value - returned goods) × (1 - discount percentage)
= ($37,000 - $7,800) × (1 - 0.02)
= $29,200 × 0.98
= $28,616
Hence, the amount that have to be paid is $28,616
A marketing researcher wants to estimate the mean amount spent (S) on Amazon.com by Amazon Prime member shoppers. Suppose a random sample of 100 Amazon Prime member shoppers who recently made a purchase on Amazon.com yielded a mean of $1,500.
a. Suppose the standard deviation of the amount spent ($) on Amazon.com is $200. Construct a 95% confidence interval estimate for the mean spending for all Amazon Prime member shoppers.
b. Suppose the standard deviation of the sample of 100 Amazon Prime member shoppers is $200. Construct a 95% confidence interval estimate for the mean spending for all Amazon Prime member shoppers.
Answer:
The answer is below
Explanation:
a)
Given that mean (μ) = $1500, standard deviation (σ) = $200, sample size (n) = 100
confidence (C) = 95% = 0.95
α = 1 - C = 1 - 0.95 = 0.05
α/2 = 0.05 / 2 = 0.025
The z score that corresponds with 0.475 (0.5 - 0.025) is 1.96. Therefore the margin of error (E) is:
[tex]E = z_\frac{\alpha}{2} *\frac{\sigma}{\sqrt{n} } \\\\E=1.96*\frac{200}{\sqrt{100} } =39.2\\[/tex]
The confidence interval = (μ ± E) = (1500 ± 39.2) = (1500 - 39.2, 1500 + 39.2) = (1460.8, 1539.2)
The confidence interval is between $1460.8 and $1539.2.
b) Given that mean (μ) = $1500, standard deviation for 100 samples = σ /√n = $200,
confidence (C) = 95% = 0.95
[tex]E = z_\frac{\alpha}{2} *\frac{\sigma}{\sqrt{n} } \\\\E=1.96*200=392\\[/tex]
The confidence interval = (μ ± E) = (1500 ± 392) = (1500 - 392, 1500 + 392) = (1108, 1892)
The confidence interval is between $1108 and $1892.
Consider the market for _____.
Suppose the price of increases from $ to $ per . As a result, the demand for decreases from to _____. Using the midpoint formula, what is the cross-price elasticity of demand for ? _____. (Enter a numeric response using a real number rounded to two decimal places. Don't forget the minus sign.) Suppose the cross-price elasticity of demand for with respect to the price of is . In this instance, and are ________ substitutes complements .
Answer:
Note: The full question is attached as picture below
Cross price elasticity of demand = (P1 + P2)/(Q1 + Q2) x (Q2 - Q1)/(P2 - P1)
P1 = $1.5 , P2 = $1.75 (syrup)
Q1 = 292, Q2 = 272 (pancakes)
CPE (pancakes) = 3.25/564 x (-20/0.25)
CPE (pancakes) = -0.46
If the CPE of demand for pancakes w.r.t. the price of syrup is -0.15, pancakes and syrup are complements (complements have negative cross price elasticity).
A colleague from the plant in Germany has arrived at the Chicago plant to share insights on a recent product line changeover implemented in Germany. This changeover has saved thousands of euros at the German facility, but Jim does not think it will work in the United States. Jim feels that there is a completely different attitude towards work and innovation in the U.S., and in fact, thinks the German facility is technologically behind his plant. Additionally, the colleague often mispronounces words when he speaks English, and doesn't dress appropriately for the U.S. office. He showed up to work on the plant floor in a formal suit and tie, with dress shoes that had a slippery sole. However, the colleague is a guest, and it is important that Jim pretends to be interested.
Identify the listening barriers. Check all that apply.
Psychological barriers
Thought speed
Grandstanding
Nonverbal distractions
Faking attention
Identify tips that would help Jim listen more effectively to what his international colleague has to say about the production process. Check all that apply.
Control his surroundings
Provide feedback
Focus on nonverbal signals
keep an open mind Judge ideas, not appearances
Answer:
1. Psychological barriers, Nonverbal distraction, Faking attention
As Jim is not much interested in listening to German colleague where he is paying attention upon the nonverbal distraction such as dressing sense, words pronunciation etc.
2. Provide feedback, Keep an open mind, Judge ideas, not appearances
Listening barriers can be overcome if Jim, keep an open mind towards the conversation, to remain engaged, provide feedback and judge the ideas put forward by the colleague.
During the current year, the company had the following summarized activities:
Purchased short-term investments for $8,000 cash.
Lent $6,300 to a supplier who signed a two-year note.
Purchased equipment that cost $24,000; paid $6,000 cash and signed a one-year note for the balance.
Hired a new president at the end of the year. The contract was for $95,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year.
Issued an additional 3,000 shares of $0.50 par value common stock for $11,000 cash.
Borrowed $16,000 cash from a local bank, payable in three months.
Purchased a patent (an intangible asset) for $1,400 cash.
Built an addition to the factory for $21,000; paid $7,800 in cash and signed a three-year note for the balance.
Returned defective equipment to the manufacturer, receiving a cash refund of $2,100.
Assuming that the beginning balances in each of the accounts are zero, complete T-accounts to summarize the transactions in (a)–(g).
Answer:
D
Explanation:
"Last October, due to an early frost, the price of a pumpkin increased by 10 percent compared to the price in the previous Halloween season. As a result, the quantity demanded county-wide decreased from 2 million to 1.5 million." Based on this statement, it is certain that the Group of answer choices total revenue from the sale of pumpkins decreased. demand curve for Halloween costumes shifted leftward. demand curve for pumpkins shifted leftward. price elasticity of demand for pumpkins decreased from its value in previous years.
Answer:
total revenue from the sale of pumpkins decreased.
Explanation:
From the question we are informed Last October, whereby due to an early frost, the price of a pumpkin increased by 10 percent compared to the price in the previous Halloween season. As a result, the quantity demanded county-wide decreased from 2 million to 1.5 million." Based on this statement, it is certain that total revenue from the sale of pumpkins decreased.
Total revenue can be regarded as total amount of sales of goods/ services. It can be expressed as ( quantity of the sold goods × price of the goods ). It is the overall receipt obtainable by a seller after selling goods/ service to buyers. From the question, we can see that total revenue from the sale of pumpkins decreased.
how does peer pressure influence the spread of stis
people will use peer pressure to make others have sex/sexual interactions which leads to still being caused from unclean or unsafe interactions. hope this is what you meant!
Money management includes effective tax planning. Your financial plan should include ways to lower your tax liability so you have more money to spend, invest, or donate. The key to effective tax planning is to reduce your taxable income, rather than your gross income, through all appropriate and legally available opportunities.
The act of reducing taxes in ways that are legal and compatible with the intent of Congress is called:______
Answer:
Tax Avoidance
Explanation:
A Tax is simply a compulsory payment to a local, state, or national government. It is a source of Revenue to government.
Tax Avoidance is defined as an action that an individual embark on to lreduce tax and maximize after tax income. That is to lessen one's tax liability within the limit set up by law.
In case of tax reduction or minimisation for an individual, one must;
1. Know that the arrangement is usually in the beginning of the business rather than in the course of it.
2. There must be sound commercial reasons for the arrangement.
3. Limit tax by exercising choices provided for in the Act and do not use these choices out of the manner listed by parliament. e.t.c
Cozelle, Inc., purchased inventory costing $125,000 and sold 80% of the goods for $200,000. All purchases and sales were on account. Cozelle later collected 25% of the accounts receivable. Assume that sales retums are nonexistent.
a. Journalize these transactions for Cozelle, which uses the perpetual inventory system
b. For these transactions, show what Cozelle will report for inventory, revenues, and expenses on its financial statements at the end of the month.
Required:
For theseâ transactions, show what will report forâ inventory, revenues, and expenses on its financial statements at the end of the month.
Answer:
A. Dr Inventory 125,000
Cr Accounts Payable 125,000
B. Dr Accounts Receivable 200,000
Cr Sales Revenue 200,000
C. Dr Cost of Goods Sold 100,000
Cr Inventory 100,000
D. Dr Cash 50,000
Cr Accounts Receivable 50,000
2. BALANCE SHEET $25,000
INCOME STATEMENT $100,000
Explanation:
Preparation of the journal entry
A. Preparation of the journal entry for the purchase of inventory.
Dr Inventory 125,000
Cr Accounts Payable 125,000
(Being to record the purchase of inventory)
B. Preparation of the journal entry for sale
Dr Accounts Receivable 200,000
Cr Sales Revenue 200,000
(Being to record sale revenue)
C. Preparation of the journal entry to
Record the cost of goods sold portion of the sale.
Dr Cost of Goods Sold 100,000
Cr Inventory 100,000
(80%*125,000)
(Being to record cost of goods sold portion of the sale)
D. Preparation of the journal entry to Record the collection of 30% of the accounts receivable.
Dr Cash 50,000
Cr Accounts Receivable 50,000
(25%*200,000)
(Being to record the collection of 25% of the accounts receivable)
2. Calculation to Determine what the company will report on the balance sheet
BALANCE SHEET
Current Assets:
Inventory $25,000
(125,000-100,000)
Therefore the company will report $25,000 on the balance sheet
Calculation to Determine what the company will report on the income statement:
INCOME STATEMENT
Sales revenue 200,000
Less Cost of Goods Sold 100,000
Gross profit $100,000
Therefore the company will report $100,000 on the income statement
The FDA does all of the following EXCEPT
Provides standards and guidelines for poisonous substances
Provides food assistance programs such as food stamps and school lunch programs
Establishes labeling guidelines for products
Requires testing and approval of all new drugs
Question 6 of 10
A distribution manager at a company that has customers in all 50 states
considers that storing goods in every state will make them quickly available
to all customers. What other major factor should affect the decision on the
number of warehouses?
A. Operating 50 or more warehouses will be expensive.
B. Some transportation modes serve limited locations.
C. Operating 50 or more warehouses will increase safety risks.
D. The number of warehouses will affect the length of the
distribution channel.
Answer:
a.) was right for me
Explanation:
The other major factor should affect the decision on the number of warehouses that Operating 50 or more warehouses will be expensive.
Option A is an appropriate response.
What is a warehouse?While a warehouse is technically any building that stores physical products for any reason, a distribution center is a type of warehouse that is specifically designed for fulfilling orders for the purpose of distribution to other businesses or consumers.
A warehouse is a structure used to store goods. Manufacturers, importers, exporters, wholesalers, transportation companies, customs, and others use warehouses. They are typically large plain buildings located on the outskirts of cities, towns, or villages.
Some of the Factors to considers on deciding the number of warehouses are-
Customer baseSupplier network Foreign Trade Zones (FTZs)Proximity to transportationBuilding Availability and ExpandabilityLease RatesHence, Option A is an appropriate response.
To learn more about warehouses
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