Answer:
Gain= $14,500
Explanation:
First, we need to calculate the book value of the equipment:
Book value= purchase price - accumulated depreciation
Book value= 95,000 - 78,500
Book value= $16,500
If the selling price is higher than the book value, the company made a profit by selling the equipment.
Gain/loss= selling price - book value
Gain/loss= 31,000 - 16,500
Gain= $14,500
The costs of services charged to a profit center on the basis of its use of those services are:__________a. support department allocationsb. noncontrollable chargesc. activity chargesd. operating expenses
Answer:
a. support department allocations
Explanation:
These costs are known as support department allocations or service department charges. Every company tends to have these costs since this applies to any department or third party which provides the company with a service. Many times this mainly refers to manufacturing departments and production departments since both provide a service that every company needs in order to obtain their desired product.
If a person has ATM fees each month of $18 for 6 years, what would be the total cost of those banking fees?
Based on the cost of the ATM fees per month, the total cost of the banking fees in 6 years is $1,296
What is the total of the banking fees?The total fees charged by the bank as ATM fees can be solved by the formula:
= Fees per month x number of months
Solving for the total fees charged by the bank gives:
= 18 x 6 x 12 months a year
= 18 x 72
= $1,296
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How would you handle the situation if you were Thomas Green? What strategies and methods would you use (Discuss in specific context of the Power and Conflict lecture)
Who is Thomas Green???
Wilson Corporation's activity for the first six of the current year is as follows: Machine-Hours Electrical Cost January 2,000 $ 1,560 February 3,000 $ 2,200 March 2,400 $ 1,750 April 1,900 $ 1,520 May 1,800 $ 1,480 June 2,100 $ 1,600 Using the high-low method, the fixed portion of the electrical cost each month would be:
Answer:
Wilson Corporation
Using the high-low method, the fixed portion of the electrical cost each month would be:
$400.
Explanation:
a) Data and Calculations:
Month Machine-Hours Electrical Cost
January 2,000 $ 1,560
February 3,000 $ 2,200
March 2,400 $ 1,750
April 1,900 $ 1,520
May 1,800 $ 1,480
June 2,100 $ 1,600
Highest activity occurred in February and the lowest activity occurred in May. These two period's activity data are used to compute the fixed cost for each month as follows:
February 3,000 $ 2,200
May 1,800 $ 1,480
Difference 1,200 $720
Variable cost per unit = $720/1,200 = $0.60
For February, the total variable cost is $1,800 ($0.60 * 3,000)
Therefore, the fixed cost = total cost minus the variable cost
= $2,200 - $1,800
= $400
Check:
For the month of May, the total variable cost is $1,080 ($0.60 * 1,800)
Therefore, the fixed cost = $1,480 - $1,080 = $400
Papa PePe's Pizza purchased a used pizza oven for $9785. The company makes a down payment of $1000 and agrees to 36 monthly payments of $278.45 per month. Find the total finance charge.
Answer:
$1,239.2
Explanation:
finance charge refer the cost of using credit funds. It is the total amount a borrower pays to lender on top of the amount borrowed.
In this case, the total amount the customer paid for the oven
The deposit $1000.00
Monthly installment; $278.45 x 36= $10,024.2
Total amount paid =$278.45 +$10,024.2
=11,024.2
finance charge = total amount paid - cost of the item
= $11,024.2 - $9,785.
=$1,239.2
Which labor market strategy is an organization most likely to pursue if it is experiencing a shortage of funds or has a sufficient number of workers, or if unemployment rates are high
Answer:
First quartile labor market strategy
Explanation:
In the case when the organization wants to pursue when the organization is experiencing a funds shortage or has the enought number of workers or the rates of the unemployment is quite high
So this situation represents the first quartile labor market strategy
hence, the same is to be considered
Therefore the above is the answer
A corporation: Select one: A. Is less costly to organize than a partnership B. Is subject to less regulation and supervision than a partnership C. Is subject to federal income taxes on its earnings, whereas a partnership is not D. Has an owner's capital account for each owner, whereas a partnership does not
Answer:
A corporation:
C. Is subject to federal income taxes on its earnings, whereas a partnership is not.
Explanation:
The other options fit a partnership more than a corporation. The chief advantages of a corporation over a partnership are the limited liability status of the shareholders of a corporation, which benefits all the shareholders and secondly, the corporation is a separate legal entity from the owners. This second advantage allows professional managers to lead the company. With respect to federal income taxes on the earnings, the corporation is taxed directly on its earnings and shareholders also pay taxes on their income from all sources (unless it is an S-corporation), while partners in a partnership enjoy pass-through taxation of their partnership earnings.
Legal status of a person or entity that cannot repay the debts they oweStays on credit report for 7 years
Answer:
i think its 5
Explanation:
because the overtime of this will add up
It is a baked staple food made from flour,liquid and other ingredients
a. cakes
b.biscuit
c.cookies
d.muffins
(I'm only in 7th grade, sorry if it is wrong.)
It can't be biscuits or cookies, since they require way more items. It is reasonable to choose muffins, since it doesn't need as much ingredients as cake.
Consider an Erlang loss system. The average processing time is 3 minutes. The average interarrival time is 4 minutes. The number of servers is 2. What is the rate of lost demand in customers per hour?
A. 1.33
B. .65
C. 1.5
D. 2
Answer:
D. 2
Explanation:
The computation of the rate of lost demand is shown below;
Given that
p = 3
a = 4
M =2
Now
r = p ÷ a
=3 ÷ 4
= 0.75
Now determine the value from the erlang table having r = 0.75 and M = 2
= 0.123
Now,
The Rate of lost demand is
= demand rate × 0.123 × 60minutes
= (1 ÷ 4) × 0.123 × 60
= 1.845 or 2
= 2
Hence, the correct option is d.
The calculated rate of lost demand in customers per hour is 2.
Given Data
Average processing time (p) = 3
Average interarrival time (a) = 4
Number of servers (m) =2
r = p/a
r = 3/4
r = 0.75
The value derived from erlang table having r = 0.75 and M = 2 is 0.123.
The formula to be used to derive the Rate of lost demand is {Demand rate * P(r,m) * 60 minutes)
Rate of lost demand = (1/4) * 0.123 * 60
Rate of lost demand = 1.845
Rate of lost demand = 2
Therefore, the Option D is correct because the calculated rate of lost demand in customers per hour is 2.
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Explain why the "pay-what-you-can model" can be used by Panera Cares cafe, but likely not the other businesses along the supply chain (i.g. framers, ranchers, veterinarians, etc.)
Under the chain’s nonprofit arm, the stores operated on a pay-what-you-can-model. A “pay-what-you-can-model” confuses many honest customers and encourages freeloaders and the dishonest.
Customers could pay as much or as little as they wanted for sandwiches, soups, and other menu items, which carried only suggested prices. The hope was that enough of them would “pay it forward” for those who were less well off.
Panera Cares cafe embarked on pay-what-you-can-model which is in contrast to a typical transaction in a store—one pays for something, one gets what one paid for—a “pay-what-you-can-model” is a lot more hazy transaction between buyer and seller, since it mixes the market with charity.
Therefore, the fact that, other businesses along the supply chain (i.g. framers, ranchers, veterinarians, etc.) are not run on charity, the pay-what-you-can-model cannot be used by profit oriented businesses.
What is a pay-what-you-can-model?Pay-what-you-can-model is a non-profit or for-profit business model which does not depend on set prices for its goods, but instead asks customers to pay what they feel the product or service is worth to them. It is often used as a promotional tactic, but can also be the regular method of doing business.
Therefore, the correct answer is as given above. That is, other businesses which are profit oriented cannot use pay-what-you-can-model since they are not charity establishment.
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planning concerned with long-range decisions such as defining the scope of business is referred to as
Answer: strategic planning
Explanation:
A planning concerned with long-range decisions such as defining the scope of business is referred to as the strategic planning.
Strategic planning helps in giving a business or an organization a direction which is required in knowing where the company is presently and where the company intends going.
The strategic plan shows the visions,, missions, of the organization and the necessary steps that such organization will take to achieve its goals.
Decision Point: Choosing a Different Strategy
In the next meeting with the CEO you begin discussing the plan for revitalizing Decathlonwear's sales. She does not support your recommendation.
"Given the fact that we have consumer behavior insights that show that consumers are not willing to sacrifice functionality for a sustainable product choice, I think we need to re-evaluate your recommendation."
You now need to develop an alternative strategy. Which should you choose?
Select an option from the choices below and click Submit.
Social media campaign: Invest in a social media campaign to strengthen the relationship with Decathlonwear's customers.
Athleisure: Promote the current product line to target consumers looking for athleticwear to wear as everyday wear.
On basis of alternative strategy i would choose Social media campaign: Invest in a social media campaign to strengthen the relationship with Decathlon wear's customers.
Social media campaign :
A social media campaign is a planned marketing effort to reinforce or assist with a business predefined goal using one or more social media platform's. Campaigns are different from everyday social media efforts as they keep eye on their increased focus, targeting and measurability.
Why social media campaign is important?
Using social media will allow us to reach your target audience, engage with current and potential customers, create brand loyalty, increase in website traffic, and drive sales.
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Which Energy career pathways work with renewable energy? Check all that apply.
Energy Conversion
Energy Generation
Energy Analysis
Energy Transmission
Energy Distribution
Answer:
2, 4, 5 :D
Explanation:
\(◕ヮ◕)/ *screeches yw* \(◕ヮ◕)/
Answer:
2,4,5 :D
Explanation:
A price at which the demanded quantity is equal to the produced quantity of the product is called the
A price at which the demanded quantity is equal to the produced quantity of the product is called the equilibrium price.
What is the equilibrium price?Equilibrium is the point at which the quantity demanded is equal to the quantity supplied. The price at which equilibrium occurs is known as equilibrium price.
When shown a demand-supply graph, the equilibrium point is where the demand curve would cross the supply curve. At the area above the equilibrium point, there would be a surplus. This is because the quantity demanded would be less than the quantity supplied. At the area below the equilibrium point, there would be a scarcity. This is because the quantity demanded would be greater than the quantity supplied.
For example:
Price Quantity demanded Quantity supplied
12 100 200
10 150 150
8 200 100
The equilibrium price is 10.
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Amanda's utility function is given by the equation u=10x+27, where x is the only good she is interested in purchasing. Given this information, what would Amanda's utility level be if she consumed one unit of x?
Answer:
37
Explanation:
From the given information;
if the utility function is given by:
u = 10x + 27
where;
x = one unit ( i.e. the quantity of the good she is interested in buying)
Then,
u = 10 (1) + 27
u = 10 + 27
u = 37
Thus, Amanda utility level if she consumed one unit of x = 37
Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?
In case of a _____________________ franchise, the franchisee is contractually bound to replicate all aspects of the franchisor’s business.
Answer:
Business format
Explanation:
plato
As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?
Question 4 options:
Every month
Every 6 months
Every 12 months
Every 18 months
Answer:
12 months
Explanation:
The fiscal or financial period of a business lasts for 12 months or one year. It means that at the end of that 12 months, the business prepares its financial statement to determine its profitability. The business assesses its growth, success, and failure for the period.
After evaluating performance, planning for the next period of 12 months begins. The entrepreneur prepares a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and reviewed every year together with the other budget items.
Answer:
Every 12 months is incorrect on the test
Explanation:
so Every 6 months should be the correct answer
Consumers may keep as a gift any unordered merchandise that they receive in the mail. Group of answer choices True False
Answer: True
Explanation:
It should be noted that Consumers may keep as a gift any unordered merchandise that they receive in the mail based on what was noted by the Federal Trade Commission.
Any good that one receive but didn't order can be decided to be kept by the person and one won't be forced or told to pay for it by the company that sent it. One can let the company know about it though but in case one doesn't, one can't be forced to pay.
If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________
Answer:
If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________
$7,873.83
Explanation:
a) Data:
Annual investment = $1,600
Interest rate = 14%
Number of period = 4 years
b) Calculations, using an online finance calculator:
FV (Future Value) $7,873.83
PV (Present Value) $4,661.94
N (Number of Periods) 4.000
I/Y (Interest Rate) 14.000%
PMT (Periodic Payment) $1,600.00
Starting Investment $0.00
Total Principal $6,400.00
Total Interest $1,473.83
c) The investment of $1,600 at the end of every year for fours will grow to $7,873.83 with the principal amount of $6,400 ($1,600 * 4) plus compounded interest of $1,473.83.
Which of the following conditions would prevent an ironworker from doing the job?
claustrophobia
presbyopia
muscle aches
vertigo
Answer:
Muscle A
Explanation:
Well they require to build bridges or roads like reinforce it. So if a worker had muscle aches then it would be a pain to lift up big chunks of metal steel etc. Pardon me if I'm wrong..
Answer:
vertigo
Explanation:
ironworkers build structures for things like bridges and work at great heights. vertigo is a sensation of loss of balance that can happen from looking down from high heights or an ear disease.
McDonald's Corp has a preferred stock paying a dividend of $19 and has a market price of $178. Calculate the cost of capital for the preferred stock.
Answer:
McDonald's Corp
The cost of capital for the preferred stock is:
10.67%
Explanation:
a) Data and Calculations:
Market price of preferred stock = $178
Preferred stock dividend = $19
Cost of capital = Preferred stock dividend/Market price of preferred stock * 100
= $19/$178 * 100
= 10.67%
b) The cost of capital for McDonald's preferred stock is the finance cost or interest cost that it must incur for financing its projects using preferred stock. This represents the 10% of the preferred stock value that is paid out to preferred stockholders.
A well-defined road map to achieving a career goal is a/an:
Answer:
A career plan
Explanation:
A career plan is kinda like a road map for achieving your career goals!
Hope this helps and peace and love
( A salesperson is trying to decide which element of the sales presentation mix to emphasize in a particular presentation . She wants to make sure her communication will resonate with the prospect What term describes the process this salesperson is going through ?
Answer:
she is trying to persuade the people to buy her products.
Explanation:
if you persuade the person the people
what are the basic parts of business letter?
Aracel Engineering completed the following transactions in the month of June.
J. Aracel, the owner, invested $150,000 cash, office equipment with a value of $9,700, and $80,000 of drafting equipment to launch the company in exchange for common stock.
The company purchased land worth $58,000 for an office by paying $7,600 cash and signing a note payable for $50,400.
The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b.
The company paid $2,000 cash for the premium on an 18-month insurance policy.
The company provided services to a client and collected $6,200 cash.
The company purchased $28,000 of additional drafting equipment by paying $11,800 cash and signing a note payable for $16,200.
The company completed $19,500 of services for a client. This amount is to be received in 30 days.
The company purchased $1,300 of additional office equipment on credit.
The company completed $22,000 of services for a customer on credit.
The company purchased $1,328 of TV advertising on credit.
The company collected $6,000 cash in partial payment from the client described in transaction g.
The company paid $1,700 cash for employee wages.
The company paid $1,300 cash to settle the account payable created in transaction h.
The company paid $955 cash for repairs.
The company paid a $9,670 cash dividend.
The company paid $1,300 cash for employee wages.
The company paid $4,200 cash for advertisements on the Web during June.
The journal entries for the June transactions by Aracel Engineering are as follows:
Journal Entries:Debit Cash $150,000
Debit Office Equipment $9,700
Debit Drafting Equipment $80,000
Credit Common Stock $239,700
Debit Land $58,000 Csh $7,600
Credit Note Payable $50,400
Debit Building $57,000
Credit Cash $57,000
Debit Prepaid Insurance $2,000
Credit Cash $2,000
Debit Cash $6,200
Credit Service Revenue $6,200
Debit Drafting Equipment $28,000
Credit Cash $11,800
Credit Note Payable $16,200
Debit Accounts Receivable $19,500
Credit Service Revenue $19,500
Debit Office Equipment $1,300
Credit Accounts Payable $1,300
Debit Accounts Receivable $22,000
Credit Service Revenue $22,000
Debit Advertising Expense $1,328
Credit Accounts Payable $1,328
Debit Cash $6,000
Credit Accounts Receivable $6,000
Debit Wages expense $1,700
Credit Cash $1,700
Debit Accounts Payable $1,328
Credit Cash $1,300
Credit Cash Discounts $28
Debit Repairs Expense $955
Credit Cash $955
Debit Dividend $9,670
Credit Cash $9,670
Debit Wages expense $1,300
Credit Cash $1,300
Debit Advertising expense $4,200
Credit Cash $4,200
Transaction Analysis:Cash $150,000 Office Equipment $9,700 Drafting Equipment $80,000 Common Stock $239,700
Land $58,000 Csh $7,600 Note Payable $50,400
Building $57,000 Cash $57,000
Prepaid Insurance $2,000 Cash $2,000
Cash $6,200 Service Revenue $6,200
Drafting Equipment $28,000 Cash $11,800 Note Payable $16,200
Accounts Receivable $19,500 Service Revenue $19,500
Office Equipment $1,300 Accounts Payable $1,300
Accounts Receivable $22,000 Service Revenue $22,000
Advertising Expense $1,328 Accounts Payable $1,328
Cash $6,000 Accounts Receivable $6,000
Wages expense $1,700 Cash $1,700
Accounts Payable $1,300 Cash $1,300 Cash Discounts $28
Repairs Expense $955 Cash $955
Dividend $9,670 Cash $9,670
Wages expense $1,300 Cash $1,300
Advertising expense $4,200 Cash $4,200
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Question Completion:Journalize the transactions
Data from Fontecchio Corporation's most recent balance sheet appear below:
Cash $ 37,000
Marketable securities $ 39,000
Accounts receivable $ 97,600
Inventory $ 77,000
Prepaid expenses $ 32,000
Current liabilities $ 248,000
The corporation's acid-test ratio is closest to:_______
a. 0.56
b. 0.37
c. 0.19
d. 0.35
Answer:
the acid test ratio is 0.7 times
Explanation:
The computation of the acid test ratio is shown below;
Acid test ratio is
= Quick assets ÷ current liabilities
= (Cash + marketable securities + account receivable) ÷ current liabilities
= ($37,000 + $39,000 + $97,600) ÷ ($248,000)
= 0.7
Hence, the acid test ratio is 0.7 times
This is the answer but the same is not provided in the given options
Maria Cantu was a special education teacher under a one-year contract with the San Benito School district for the 1990–1991 school year. On Saturday, August 18, just weeks before fall-term classes were to begin, she hand delivered a letter of resignation to her supervisor. Late Monday afternoon the superintendent put in the mail a properly stamped and addressed letter to Cantu accepting her offer of resignation. The next morning at 8:00, before the superintendent’s letter reached her, Cantu hand delivered a letter withdrawing her resignation. The superintendent refused to recognize the attempted rescission of the resignation. Decide. [Cantu v. Central Education Agency, 884 S.W.2d 563 (Tex. App.)]
According to the Mailbox Rule, Cantu's resignation was deemed accepted when the mail was posted and not when she received it.
What were the facts of Cantu v. Central Education Agency?After delivering her resignation letter, Cantu sought to rescind the resignation with another withdrawal letter.
Before the withdrawal, however, the Education Supervisor had already accepted her resignation and mailed the acceptance through the post.
The mailbox rule states that acceptance is valid when communicated through the post, at the postal point, and not when received by the recipient.
Thus, the superintendent's decision to refuse the attempted rescission of Cantu's resignation, based on the mailbox rule, is legally binding and upheld.
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Which of the following should men avoid wearing in the workplace?
OA. Bow ties
OB. Jeans
C. Sweaters
OD. Sandals
Answer:
D. Sandals
Explanation:
Sandals aren't a preferred clothing item when going into a workplace, it's more informal than the other options provided.
When creditors, managers, and investors look at expenses as a percentage of revenue, they are __________.
Answer:
Doing a financial statement analysis.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.
Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.