Suppose a lakeside restaurant that is highly profitable during the summer months is unable to cover its total cost during the winter months. If it wants to maximize profits, the restaurant should continue operating during the winter months if it is able to cover its variable costs.
What is profit?Profit is the surplus remaining after total costs have been subtracted from total revenue. If total revenue exceeds total costs, a company makes a profit. If total costs exceed total revenue, a company suffers a loss. So, if the restaurant has variable costs in the winter months, it should remain open.
In the winter months, variable costs may be covered. Although the restaurant would not be able to break even in the winter, it would still make a profit in the summer. The restaurant should continue to operate during the winter months because it can make a profit in the summer months.
It is important to keep the company going and have a positive cash flow when possible, even if it's not as much money as during the summer months. Therefore, the restaurant should continue operating during the winter months if it is able to cover its variable costs if it wants to maximize profits.
Learn more about profit here:
brainly.com/question/1078746
#SPJ11
constructing and assessing income statements using cost-to-cost method on march 15, 2019, gilbert construction contracted to build a shopping center at a contract price of $220 million. the schedule of expected (which equals actual) cash collections and contract costs follow ($ millions):
The total income for Gilbert Construction for the contract to build a shopping center on March 15, 2019 is $0. The income statement for Gilbert Construction for the contract to build a shopping center on March 15, 2019 can be constructed using the cost-to-cost method.
The income statement is calculated by subtracting total costs from total revenue. The total revenue for the contract is $220 million, while total costs include the cash collections and contract costs as follows:
Cash Collections: $38 millionTherefore, the income statement is calculated as:Income Statement = Total Revenue - Total Costs
Income Statement = $220 million - ($38 million + $182 million)
Income Statement = $220 million - $220 million = $0
To learn more about cost-to-cost method here:
https://brainly.com/question/29839795
#SPJ11
in the context of the net promoter score (nps), which of the following is a difference between promoters and detractors? question 29 options: unlike promoters, detractors are customers who are associated with scores of 7 or 8. unlike promoters, detractors are satisfied customers who may switch to competitors. unlike promoters, detractors defect at higher rates. unlike promoters, detractors are less price sensitive.
Unlike promoters, detractors are customers who give a score of 6 or below on the Net Promoter Score (NPS) scale.
Promoters are customers who give a score of 9 or 10, indicating high satisfaction and loyalty, while detractors are those who give a score of 6 or lower, indicating dissatisfaction and a higher likelihood of defection.
Detractors may or may not be satisfied customers who may switch to competitors, depending on the reasons for their lower scores. They are also not necessarily less price sensitive than promoters, as pricing is just one factor that can influence their satisfaction with a product or service. However, detractors do tend to defect at higher rates than promoters, as they are more likely to switch to a competitor or discontinue their relationship with the company.
Understanding the distribution of promoters, detractors, and passives (those who give a score of 7 or 8) on the NPS scale can provide valuable insights into customer satisfaction and loyalty, allowing companies to identify areas for improvement and develop strategies to increase customer loyalty and retention.
To know more about Net Promoter Score, visit: brainly.com/question/30588106
#SPJ4
the cisa credential is promoted by isaca as the certification that is appropriate for all but which type of professionals? a. accounting b. auditing c. security d. networking
The CISA credential is promoted by ISACA as the certification that is appropriate for all.
which type of professionals?The CISA credential is promoted by ISACA as the certification that is appropriate for all professionals.
Including accounting, auditing, security, and networking. This statement means that none of the alternatives provided in the question are correct, so the correct answer is "none of the above. "
The Certified Information Systems Auditor (CISA) credential is a globally recognized standard for auditing, assessing, and controlling enterprise IT and business systems' risks and vulnerabilities. This credential is recognized worldwide and assures employers that the candidate has the knowledge and skills necessary to manage an enterprise's IT system's risks and vulnerabilities.
Candidates who wish to apply for the CISA credential must pass an exam and satisfy all other certification requirements from ISACA.
To know more about CISA credential refer here:
https://brainly.com/question/29357608#
#SPJ11
you purchase a bond with a coupon rate of 8.4 percent, a par value of $1,000, and a clean price of $870. if the next semiannual coupon payment is due in five months, what is the invoice price?
The invoice price of the bond is $918 (rounded to two decimal places).
If you purchase a bond with a coupon rate of 8.4 percent, a par value of $1,000, and a clean price of $870, and the next semiannual coupon payment is due in five months, the invoice price will be $918. (Round your answer to two decimal places.)
A bond is a financial instrument that allows corporations or governments to raise money. The bond's issuer pays the investor interest, which is known as the coupon rate, at regular intervals. Bond prices fluctuate as interest rates rise and fall.
To find the invoice price of the bond, you need to use the following formula:
Invoice price = Clean price + Accrued interest
When calculating accrued interest, it's important to know how many days are left between the previous coupon date and the settlement date. The following equation will be used:
Accrued interest = Par value × Coupon rate × Days since the last coupon ÷ Days in a year
You must first determine how many days have passed between the last coupon payment and the settlement date of the bond because the coupon is due in five months.
Because the bond pays a semi-annual coupon, six months have passed since the last coupon was paid. Because we're calculating accrued interest, we need to figure out how many days of that six-month period have elapsed since the last coupon date.
Invoice price = Clean price + Accrued interest
Invoice price = $870 + Accrued interest
Accrued interest = Par value × Coupon rate × Days since the last coupon ÷ Days in a year
Accrued interest = $1,000 × 8.4% × 6 ÷ 12
Accrued interest = $42
Invoice price = $870 + $42
Invoice price = $918
Therefore, the invoice price of the bond is $918 (rounded to two decimal places).
To learn more bond, refer below:
https://brainly.com/question/17405470
#SPJ11
akes a decision to increase its sales through international markets, it can be achieved cost savings from economies of scale through all of the following except group of answer choices spreading fixed costs over its global sales volume. utilizing its production facilities more intensely. increased bargaining power with its suppliers. learning effects associated with higher volume. improved responsiveness.
When a company decides to increase its sales through international markets, it can achieve cost savings from economies of scale through all of the following except for spreading fixed costs over its global sales volume.
Economies of scale are cost reductions that arise from the improved efficiency of operations as the scale of production grows. Cost advantages can arise in many areas of production and sales, including inventory management, advertising, distribution, and research and development.Economies of scale are divided into two categories: internal economies and external economies. Internal economies arise as a company expands its operations, while external economies arise from the growth of an industry as a whole. When a company increases its sales through international markets, it can benefit from cost savings due to economies of scale through increased bargaining power with its suppliers, utilizing its production facilities more intensely, learning effects associated with higher volume, and improved responsiveness. However, one of the answer choices mentioned in the question, "spreading fixed costs over its global sales volume," is incorrect. It is a correct example of how cost savings are achieved by economies of scale.Learn more about Economies: https://brainly.com/question/20860719
#SPJ11
f an officer diverts a corporation opportunity, the corporation may recover from the officer: group of answer choices double damages for breach of a fiduciary duty. any funds used to divert the corporate opport
If an officer diverts a corporation opportunity, the corporation may recover from the officer the funds used to divert the corporate opportunity. The answer is A. double damages for breach of a fiduciary duty.
A corporation can recover from an officer if the officer diverts a corporation opportunity. The corporation may recover from the officer double damages for breach of a fiduciary duty and not any funds used to divert the corporate opportunity.
The double damages may include, but not limited to lost profits, benefits or compensation that would have been earned had the corporate opportunity not been diverted.
It is also important to note that the officer has the duty to deal with the corporation in good faith and with loyalty. Failing to do so will amount to breach of fiduciary duty which may lead to recovery of double damages by the corporation. Therefore, the answer is A. double damages for breach of a fiduciary duty.
To know more about corporate opportunity , refer here
https://brainly.com/question/28099697#
#SPJ11
spicy dish, a large distributor of canned beans and salsa, is organized into four business units: (1) north america salsa, (2) north america legume, (3) latin america, and (4) europe and asia. what two types of departmentalization are illustrated in this example? question 8 options:
The two types of departmentalization illustrated in this example are product departmentalization and geographic departmentalization.
Product departmentalization is the grouping of activities and people based on the products or services they produce or offer. In this case, Spicy Dish has separate business units for North America salsa and North America legume, which implies that these units are responsible for the production, distribution, and marketing of salsa and legume products respectively.
Geographic departmentalization, on the other hand, is the grouping of activities and people based on their location or geography. In this case, Spicy Dish has business units for Latin America and Europe/Asia, indicating that these units are responsible for the production, distribution, and marketing of products in their respective regions.
By combining both product and geographic departmentalization, Spicy Dish can achieve better coordination and control over their operations. Each business unit can focus on their specific product line while also adapting to the local market conditions and cultural differences in the regions they operate in. This approach can improve efficiency and customer satisfaction while also enhancing the company's ability to respond quickly to changing market demands.
To know more about product departmentalization, refer here:
https://brainly.com/question/28119221#
#SPJ11
which supreme court decision drastically altered the political landscape by allowing corporate and union election financing?
The United States Supreme Court decision that drastically altered the political landscape by allowing corporate and union election financing is the Citizens United v. Federal Election Commission (2010) decision.
What is the Citizens United v. Federal Election Commission (2010) decision?The Supreme Court decision in Citizens United v. Federal Election Commission (2010) altered the political landscape by allowing corporate and union election financing.The decision overturned several provisions of the Bipartisan Campaign Reform Act of 2002, also known as the McCain-Feingold Act. The decision removed limits on the amount of money that corporations, unions, and other groups could spend on political campaigns. Before this decision, corporations and unions were prohibited from using their general treasury funds to make contributions to political candidates, parties, or other political committees that were independent of candidates.The decision resulted in the establishment of Super PACs, which are political action committees that can raise unlimited amounts of money from individuals, corporations, and unions to support or oppose candidates. These Super PACs may not coordinate with political candidates or political parties, but they can run advertisements that promote or attack political candidates.
To know more about election commission click on below link :
https://brainly.com/question/29792596
#SPJ11
The unit price of a 128-ounce jug of milk is 4. 8 cents per ounce. A 64-ounce carton of milk has a unit price of 5. 1 cents per ounce. Approximately how much money is saved by purchasing a larger jug instead of two cartons?
To solve this problem, we need to calculate the cost per ounce of the two options and compare them to find out which is cheaper.
For the 128-ounce jug of milk, the cost per ounce is 4.8 cents per ounce. So, the total cost of the jug of milk is:
128 ounces x 4.8 cents/ounce = $6.14
For the two 64-ounce cartons of milk, the cost per ounce is 5.1 cents per ounce. So, the total cost of the two cartons of milk is:
64 ounces x 5.1 cents/ounce = $3.26 (for one carton)
$3.26 x 2 = $6.52 (for two cartons)
To find out how much money is saved by purchasing the larger jug instead of two cartons, we need to subtract the cost of the jug from the cost of two cartons:
$6.52 - $6.14 = $0.38
Therefore, approximately 38 cents is saved by purchasing the larger jug instead of two cartons.
To know more about cost per ounce:
https://brainly.com/question/21087533
#SPJ4
Which of the following describes buying insurance? (1 point)
O The premium is a cost that would be higher if the likelihood of the loss were lower.
O A premium is a benefit that the insured receives from the insurer.
O A premium is a cost that increases if the risk of a financial loss increases.
O A copayment is a benefit that might increase if the premium is decreased.
When purchasing insurance, a premium is a cost that rises as the likelihood of a monetary loss increases.
Is purchasing insurance a risky endeavour?The right response is transfer, the risk is transferred to the insurance business when an investor, in this situation, purchases an insurance cover. This indicates that the insurance company will compensate the insured should the risk covered by the policy materialise. Consequently, purchasing insurance is a method of transferring risk.
What does the definition of an insurance premium mean?the monthly premium you pay for health insurance. You typically have to pay a deductible, copayments, and coinsurance in addition to your premium for your health care.
To know more about insurance visit:-
https://brainly.com/question/30135498
#SPJ1
which of the following are accounting errors? (select all that apply.) multiple select question. using a different depreciation method. changing from lifo to fifo. making a mistake in calculating depreciation expense. forgetting to accrue salary expense.
The accounting errors from the following list are using a different depreciation method, changing from LIFO to FIFO, making a mistake in calculating depreciation expense, and forgetting to accrue salary expense. The correct options are (A), (B), (C), and (D).
Accounting errors refer to the unintentional mistakes in financial reporting due to different reasons such as human error, a lack of accounting knowledge, misunderstandings, or technological glitches. Accounting errors may result in the misstatement of financial reports and result in misleading information that can cause a business to lose money or miss out on potential opportunities.
Accounting errors can occur in several ways, including omission, overstatement, understatement, and double-entry errors.The given options are:Using a different depreciation method.Changing from LIFO to FIFO.Making a mistake in calculating depreciation expense.Forgetting to accrue salary expense. Hence, the correct options are (A), (B), (C), and (D).
To know more about accounting errors refer to-
brainly.com/question/30360755#
#SPJ11
the effects of price ceilings: the effects of price ceilings: are limited to the price-controlled market. encourage the entry of new firms. weaken over time. extend beyond the price-controlled market.
The effects of price ceilings: are limited to the price-controlled market. Price ceilings are regulatory restrictions imposed by governments on how high prices of certain goods and services can rise.
As a result, the price ceiling prohibits the price of a good or service from exceeding a certain threshold. They are usually implemented to keep the prices of essential goods and services at a fair level. The effects of price ceilings are limited to the price-controlled market, and they do not extend beyond it.Price ceilings have a significant effect on the price-controlled market. This means that when the government imposes a price ceiling on a commodity, it affects only that particular market.
Extend beyond the price-controlled market.Price ceilings are regulatory restrictions imposed by governments on how high prices of certain goods and services can rise. As a result, the price ceiling prohibits the price of a good or service from exceeding a certain threshold. They are usually implemented to keep the prices of essential goods and services at a fair level. The effects of price ceilings are limited to the price-controlled market, and they do not extend beyond it.
Learn more about price ceilings here:https://brainly.com/question/1448982
#SPJ11
your company has agreed to a $370 million fixed-commitment line of credit. the loan agreement calls for your company to pay 1.44 percent per quarter on any funds borrowed and maintain a 5 percent compensating balance on any funds borrowed at zero percent interest. what is the effective annual interest rate on this line of credit?
To calculate the effective annual interest rate on the line of credit, we will first calculate the cost of borrowing for one quarter and then multiply by four to get the annual cost. We are given that the loan agreement calls for the company to pay 1.44% per quarter on any funds borrowed and maintain a 5% compensating balance on any funds borrowed at zero percent interest.
Cost of borrowing per quarter = 1.44% × (1 - 0.05) = 1.44% × 0.95 = 1.368%Effective annual interest rate = (1 + 1.368%)⁴ - 1 = 0.01437519 or 1.44% (rounded to two decimal places)Therefore, the effective annual interest rate on this line of credit is approximately 1.44%.
Learn more about interest rate: https://brainly.com/question/25793394
#SPJ11
true or false: cvp analysis investigates company personnel policies, business values, and performance measures for a specific company. true false question. true false
The given statement, "Cost-Volume-Profit (CVP) analysis is a financial tool used by companies to investigate the relationships between their costs, sales volume, and profits." is true.
It involves evaluating the impact of changes in costs, sales volume, and prices on the company’s overall profit. CVP analysis takes into account not only the company’s personnel policies, business values, and performance measures, but also the cost of goods sold, fixed costs, variable costs, sales revenue, and pricing.
By analyzing these factors, a company can understand how changes in one or more of these variables can affect its overall profit.
CVP analysis can be used to assess the sensitivity of profit to changes in different variables. This can help a company understand what factors are most important to its profitability, as well as determine optimal pricing, production levels, and resource allocation strategies.
It can also help a company identify ways to reduce its costs and increase sales revenue.
In conclusion, CVP analysis does investigate a company's personnel policies, business values, and performance measures, as it takes into account all the various factors that affect a company's profits.
It is a valuable tool that can help a company optimize its business strategies and increase its overall profitability.
To know more about Cost-Volume-Profit (CVP) here
https://brainly.com/question/29485115
#SPJ11
bank 1 lends funds at a nominal rate of 7% with payments to be made semiannually. bank 2 requires payments to be made quarterly. if bank 2 would like to charge the same effective annual rate as bank 1, what nominal interest rate will they charge their customers? round your answer to three decimal places. do not round intermediate calculations.
Bank 2 must charge a nominal interest rate of 7.342% to provide the same effective annual rate as Bank 1.
This is calculated by solving the equation: (1 + r/2)^2 = 1 + r/4, where r is the nominal interest rate of Bank 2. To solve the equation, first multiply both sides of the equation by 4, so that r is isolated on one side. This gives us the equation : 4*(1 + r/2)^2 = 4 + r . Next, expand the left side of the equation by using the binomial theorem: 4 + 4r + 2r^2 = 4 + r. Finally, subtract 4 from both sides and solve for r: 2r^2 + 4r - 4 = 0, Solving this quadratic equation gives us r = 7.342%.
This means that Bank 2 must charge a nominal interest rate of 7.342% to provide the same effective annual rate as Bank 1. This is rounded to three decimal places.
This calculation assumes that all payments will be made on time and there are no other fees or costs associated with the loan. To compare different banks and their loan options, it is important to factor in all costs and fees, not just the interest rate.
Know more about interest rate here:
https://brainly.com/question/13324776
#SPJ11
question 9 project managers should follow which three best practices when assigning tasks to complete milestones?
Apply a Structured Change Management Approach, Mobilize Active and Visible Sponsorship, and Engage With Front-Line Employees are three Best Practices in Change Management.
In the preceding paragraph, the necessary information for Change Management. The term "change control" (sometimes abbreviated as "CM") refers to all methods used to foresee, encourage, and assist people in making organizational changes. It consists of tactics that reroute or redefine how resources are used, business processes, budget allocations, or various operating models that significantly alter an organization or business.
Although organizational ex-trade control (OCM) takes into account the entire organization and what is desired to be ex-traded, ex-trade control can also be used entirely to consider how individuals and groups are affected by such organizational transition. It offers a wide range of extraordinary disciplines, including business solutions and the behavioral and social sciences.
Ex-trade control is beginning to be recognized as its own academic subject at universities as it becomes more significant in the business cycle of organizations.
Learn more about Change Management at:
brainly.com/question/11239217
#SPJ4
as governor of wisconsin, the progressive reformer robert la follette helped win approval for multiple choice campaign finance reform. the direct primary, initiative, and referendum. employee profit sharing in large corporations. a repeal of the income tax. mandatory health insurance.
As governor of Wisconsin, the progressive reformer Robert La Follette helped win approval for campaign finance reform, direct primary, and initiative and referendum. The correct option is:the direct primary, initiative, and referendum.
These reforms helped establish a more democratic government in Wisconsin.The Direct PrimaryThe direct primary is a voting method in which all party members in a jurisdiction cast ballots to select the party’s candidate for a particular public office. It is a crucial measure for democratic government. The Direct Primary enabled party members to vote for their preferred candidates directly. This process enabled the elimination of the control of the party bosses over the selection of candidates.InitiativeInitiative is a process in which a specific number of voters can petition the government to suggest a new law or change an existing law. This process provides an opportunity for the people to take action in situations where the elected officials are not responding to their needs.
To know more about Wisconsin click on below link :
https://brainly.com/question/22933339#
#SPJ11
a stock price is currently $20. suppose that at the end of 3 months it will be either $22 or $18. the risk-free interest rate is 4% per annum with continuous compounding. compute the arbitrage-free price of a 3-month european put option with a strike price of $19 by using the replication argument.
The arbitrage-free price of a 3-month European put option with a strike price of $19 is $0.95.
To find the arbitrage-free price of the put option, we can use a replication argument. We first determine the number of shares of the underlying asset that will be required to replicate the payoff of the put option at expiration. If the stock price is $22 at expiration, the put option will not be exercised, and the value of the replication portfolio will be:
Replication Portfolio Value = Number of Shares x Stock Price = Number of Shares x $22
If the stock price is $18 at expiration, the put option will be exercised, and the value of the replication portfolio will be:
Replication Portfolio Value = Number of Shares x Strike Price - Put Option Payoff = Number of Shares x $19 - $0.00
Since the put option has a strike price of $19, the number of shares required to replicate the put option payoff is:
Number of Shares = Put Option Payoff / (Stock Price - Strike Price) = $1 / ($22 - $19) = 1/3
Using this number of shares, we can create a replication portfolio by buying 1/3 share of the stock and borrowing (1/3) x $20 = $6.67 at the risk-free rate of 4% per annum with continuous compounding.
The value of the replication portfolio today is:
Replication Portfolio Value Today = [tex](1/3) \times $20 - $6.67 \times e^{(-0.04 x 0.25)[/tex]= $1.33
Therefore, the arbitrage-free price of the put option is the difference between the value of the replication portfolio and the option's intrinsic value:
Put Option Price = Replication Portfolio Value Today - Put Option Intrinsic Value = $1.33 - $0.38 = $0.95
To learn more about arbitrage-free price , refer below:
https://brainly.com/question/27908371#
#SPJ11
which of the following is an internal control procedure used to safeguard a company's assets? multiple choice all of these answer choices are correct segregation of duties depositing cash receipts in a bank on a timely basis preparing a bank reconciliation
Segregation of duties, depositing cash receipts in a bank on a timely basis, and preparing a bank reconciliation are internal control procedures used to safeguard a company's assets. Options A, B , and C are correct answers.
Segregation of duties is an essential internal control procedure designed to minimize the risk of fraud, error, or irregularities in financial transactions. It involves assigning different tasks to different employees to reduce the risk of fraud or errors. For example, the employee responsible for approving invoices should not also be responsible for writing checks or reconciling bank statements. This separation of tasks ensures that no single person has complete control over financial transactions.Depositing cash receipts in a bank on a timely basis is another internal control procedure that helps safeguard the company's assets. This procedure ensures that cash is not kept in the company's premises for too long and reduces the risk of theft, loss, or misuse of cash.Preparing a bank reconciliation is an internal control procedure designed to ensure that the company's bank balance matches its accounting records. This procedure helps identify errors, fraud, or irregularities in bank transactions and helps safeguard the company's assets.Thus, options A, B , and C are correct answers.
You can learn more about internal control procedure at
https://brainly.com/question/31035236
#SPJ11
long-term contracts: are preferable to vertical integration when it is not feasible to exchange hostages. are preferable to short-term contracts when there is a minimal need for cooperation. generally result in lower prices than competitive bidding. are a low-cost alternative to vertical integration when it is possible to build cooperative relationships with suppliers. achieve the same outcomes as vertical integration, but they incur higher bureaucratic costs.
Long-term contracts are a low-cost alternative to vertical integration when it is possible to build cooperative relationships with suppliers.
A long-term contract is a contractual agreement between two parties that specifies the conditions and requirements for the transaction's performance over an extended period. The aim of a long-term contract is to establish a long-term relationship between the two parties, which involves predictable and consistent transactions that can be relied on to continue over a lengthy period. Long-term contracts are an essential component of supply chain management and help to ensure a stable supply of raw materials, finished goods, or services.
The advantages of Long-term Contracts are as follows: A low-cost alternative to vertical integration when it is possible to build cooperative relationships with suppliers. Generally, result in lower prices than competitive bidding. When there is a minimal need for cooperation, they are preferable to short-term contracts.
Achieve the same outcomes as vertical integration, but they incur lower bureaucratic costs. However, Long-term contracts are not preferable when it is not feasible to exchange hostages. Thus, the correct option is: Long-term contracts are a low-cost alternative to vertical integration when it is possible to build cooperative relationships with suppliers.
For more about vertical integration:
https://brainly.com/question/30665179
#SPJ11
which process can companies use to make corrections for differences between their jobs and external benchmark jobs?
When making corrections for differences between their jobs and external benchmark jobs, companies can use job evaluation as a process. Job evaluation is the process of determining the relative worth of different jobs in an organization.
It entails comparing job roles and responsibilities, as well as determining the required knowledge and abilities. Companies use this approach to evaluate their workers' salaries and pay scales in comparison to the industry standard. The primary goal of job evaluation is to make certain that the work is paid for fairly, that is, according to the degree of skill, expertise, and decision-making it entails.
Companies use this process to determine the hierarchy of job roles and responsibilities and to identify opportunities for advancement. Job evaluation is generally based on a series of benchmark jobs that are utilized as reference points. These benchmark jobs are chosen from the organization's own set of jobs or from those of other businesses in the same sector.
Know more about benchmark jobs here:
https://brainly.com/question/29441692
#SPJ11
the unadjusted trial balance columns of a company's work sheet shows the store supplies account with a balance of $580. the adjustments columns shows a credit of $325 for supplies used during the period. the amount shown as store supplies in the balance sheet columns of the work sheet is:
The amount shown as store supplies in the balance sheet columns of the work sheet is $255.
To calculate the amount of store supplies shown in the balance sheet columns, we need to adjust the unadjusted balance by the amount of supplies used during the period, as shown in the adjustments columns. This is because the unadjusted balance does not reflect the supplies that were used during the period.
To make this adjustment, we can subtract the credit of $325 for supplies used during the period from the unadjusted balance of $580. This gives us: $580 - $325 = $255
Therefore, the amount shown as store supplies in the balance sheet columns of the work sheet is $255. This reflects the adjusted balance of the store supplies account, which takes into account the supplies that were used during the period. This adjusted balance will be used to prepare the company's financial statements, including the balance sheet.
To know more about balance sheet, refer here:
https://brainly.com/question/14314539#
#SPJ11
What is the PE ratio in these charts please help asap economics
The PE ratio of a corporation shows the price at which investors are buying or selling its shares.
What does economic PE ratio mean?The price to earnings ratio (PE Ratio) calculates the share price in relation to the firm's annualised net income per share. Current investor demand for a firm share is shown by the PE ratio. Due to investors' expectations of future profits growth, a high PE ratio typically denotes greater demand.
How can the PE ratio be located in a chart?Divides the current Price by the Earnings to determine the Price Earnings ratio. For instance, the PE Ratio will be 50 / 5 = 10 if the price is 50 and the earnings per share is 5.
To know more about investors visit:-
https://brainly.com/question/30828591
#SPJ1
on april 25, foreman electric installs wiring in a new home for $3,500 on account. however, on april 27, foreman’s electrical work does not pass inspection, and foreman grants the customer an allowance of $600 because of the problem. the customer makes full payment of the balance owed, excluding the allowance, on april 30.Required:
1. Record the credit sale on April 25.
2. Record the sales allowance on April 27.
3. Record the cash collection on April 30.
4. Calculate net sales associated with these transactions.
In the following question, among the various parts to solve on electric installs, 1- 3,500 Sales. 2- 600 Sales Returns and Allowances. 3- 2,900Accounts Receivable. 4- transactions are $2,900.
1. Credit sale recorded on April 25.Accounts Receivable | 3,500 Sales | 3,500
Explanation: On April 25, Foreman Electric installs wiring in a new home and makes a credit sale. The account Receivable will be increased by $3,500 and Sales will also be increased by $3,500.
2. Record the sales allowance on April 27. Accounts Receivable | 600 Sales Returns and Allowances | 600
Explanation: On April 27, Foreman's electrical work does not pass the inspection and he has to allow the customer $600. In this case, Accounts Receivable will be decreased by $600 because of the allowance is given to the customer and the Sales Returns and Allowances account will be increased by $600.
3. Record the cash collection on April 30.Cash | 2,900Accounts Receivable | 2,900Explanation: On April 30, the customer pays Foreman Electric the total owed balance except for the allowance granted. In this case, Cash will be increased by $2,900 and the Accounts Receivable account will be decreased by $2,900.
4. Net Sales CalculationNet sales = Gross sales - Sales returns and allowances= $3,500 - $600= $2,900Hence, the net sales associated with these transactions is $2,900.
For more such questions on Sales
https://brainly.com/question/25743891
#SPJ11
true or false: first mover advantages are especially important in industries where the global market can profitably support only a limited number of firms.
The statement ''first mover advantages are especially important in industries where the global market can profitably support only a limited number of firms is true as the First mover advantages refer to the benefits that a company can gain by being the first to enter a new market or introduce a new product.
In industries where the global market can profitably support only a limited number of firms, first mover advantages are particularly important because the first company to enter the market can establish itself as the market leader and gain a significant market share before competitors enter.
This can lead to economies of scale, brand recognition, and customer loyalty, making it difficult for latecomers to compete effectively. Examples of such industries include the aerospace industry and the telecommunications industry, where there are only a few major players that dominate the market.
For more questions like First mover click the link below:
https://brainly.com/question/31028737
#SPJ11
adrienne is interviewing luca for a possible position on the company's marketing team. during the interview, people can be heard talking in the office across the hall. this side conversation blank adrienne's ability to determine if luca would be a good fit with the company and the job. multiple choice question. will have no effect on could enhance will improve could hinder
When answering questions as a bot on the Brainly platform, it is important to always be factually accurate, professional, and friendly. Additionally, answers should be concise and avoid extraneous detail. Typos and irrelevant parts of the question should be ignored.
When using the following terms in an answer, they should be incorporated in a clear and logical manner: Student question, side conversation, Adrienne's ability, Luca, company's marketing team.The side conversation heard in the office across the hall during Adrienne's interview with Luca could hinder her ability to determine if he would be a good fit with the company and the job. This is because the noise from the side conversation can be distracting and could prevent Adrienne from being able to fully focus on the interview with Luca.If Adrienne is unable to hear Luca's answers clearly due to the noise from the side conversation, she may miss important details that would help her determine if he is a good fit for the marketing team. Additionally, the noise could make it difficult for Adrienne to build a rapport with Luca, which is an important factor in assessing whether or not he would be a good addition to the team.However, it is possible that the side conversation could also enhance Adrienne's ability to determine if Luca would be a good fit. If Adrienne is able to stay focused and engaged despite the distraction of the side conversation, it may demonstrate her ability to stay calm and professional in a fast-paced, high-pressure work environment. This could be a desirable trait for someone working on the marketing team, which often involves managing multiple projects and deadlines simultaneously.In general, it is likely that the side conversation would hinder Adrienne's ability to determine if Luca would be a good fit with the company and the job. However, the impact of the distraction would depend on a number of factors, including the intensity of the noise, Adrienne's ability to focus, and the importance of the position that Luca is being considered for.
for more such question on intensity
https://brainly.com/question/4431819
#SPJ11
macy does not like a few of the standard operating procedures adapted for the new project. however, she discussed the items with the team and told them that she realized she was in the minority and that she would adapt the new procedures to maintain smooth operations within the team. which conflict-handling mode did macy use?
Standard operating techniques (SOPs) can assist deliver uniformity to the way your crew works besides requiring manual oversight and instruction. Creating SOPs can help employees navigate complicated or difficult situations, keeping absolutely everyone on the same web page and decreasing bottlenecks so procedures pass efficiently.
What are fashionable working procedures for commercial enterprise processes?Standard working strategies grant the policies, approaches and standards needed for the organization to succeed. They can benefit a commercial enterprise with the aid of reducing errors, increasing efficiencies and profitability, developing a safe work environment and producing pointers for how to unravel troubles and overcome obstacles.
By definition, standard running techniques (SOPs) are step-by-step procedures required to whole specific, repetitive tasks. Here are some examples of when you would possibly need an SOP: Customer carrier features like onboarding and offboarding clients. HR functions like recruiting new crew members
Learn more about Standard operating procedures here:
https://brainly.com/question/30198638#SPJ1waterworks irrigation was a startup that was open for only one year of operation. during that year, it collected $175,000 in revenue and spent $50,000 on trucks, irrigation supplies, employees, and utilities. the owner of the firm, cosmo, spent $100,000 of his own money to buy an office building and set up the office (instead of buying bonds and earning a 10% annual rate of return), which he later sold at the end of the year for $100,000. the firm's economic profit is: $115,000. $25,000. $35,000. $125,000.
The firm's economic profit is about $25,000. It is the total revenue of the company minus all the costs. The correct option is B.
What is the concept of economic profit?Economic profit is the difference between total revenue and the total opportunity cost of all resources used in production. When we refer to "opportunity cost," we're referring to the opportunity cost of the firm's proprietor.
Economic profit = total revenue - explicit costs - implicit costs
Explicit costs are the company's direct costs.
For example, when the firm buys a truck, it is incurring an explicit expense. When a firm pays its employees, it is incurring an explicit expense. Explicit costs include wages, salaries, rent, interest payments on loans, and other expenses.
These expenses can be estimated quickly and are reported on a firm's income statement. Therefore, the economic profit can be computed as follows:
Economic profit = $175,000 - $50,000 - $100,000
Economic profit = $25,000
Therefore, the correct option is B.
Learn more about Economic profit here:
https://brainly.com/question/29585616
#SPJ11
how much money will the investment banking syndicate earn on the sale? note: round intermediate calculations to 2 decimal places. enter your answer in millions rounded to 2 decimal places.
In this particular scenario, the net proceeds from the sale of goods are $37,650,000.
The cost of goods sold is $28,800,000. The gross profit is $8,850,000. Investment banking syndicate expenses are $925,000, resulting in a profit before taxes of $7,925,000.Investment banking syndicate will earn $4.76 million on the sale of the goods. It's calculated as follows:
(7,925,000 - 925,000)/2 = $4,000,000
(Total earnings are split between Issuing company and the investment banking syndicate. The investment banking syndicate earns 20% of the total profit. So, 20% of $4,000,000 = $800,000).
Total earning for the investment banking syndicate is the sum of the amount the syndicate made from the sale of securities and the amount it made from selling the shares retained by the issuing corporation.However, there is no mention of either of these figures in the problem.
Thus, we can only assume that all sales have been made at the same rate. Therefore, the investment banking syndicate will earn $4.76 million on the sale of the goods.
to know about cost of goods sold:
https://brainly.com/question/30767699
#spj11
most people in the us are familiar with the chobani brand of yogurts since it has grown to become one of the most well known brands in this category. recently the company launched chobani probiotics, which is a plant based drink, in other words, a different kind of product. this kind of strategy is referred to as .
The strategy Chobani used by launching Chobani Probiotics, a plant-based drink, is referred to as product diversification.
This strategy involves expanding a company's product line to reach a wider target audience and increase market share.
In Chobani's case, the company is known for its yogurt products, but it decided to introduce a new, different product - Chobani Probiotics, a plant-based drink. This move aims to appeal to customers who are interested in plant-based and probiotic products, potentially attracting a new consumer base. The steps involved in product diversification include:
1. Identifying market opportunities or consumer needs
2. Researching and developing new products that cater to those needs
3. Launching and promoting the new product to reach the target audience
4. Evaluating the product's performance in the market and making adjustments as necessary
By implementing product diversification, companies like Chobani can expand their reach, grow their business, and minimize risks associated with relying on a single product line.
To know more about target audience click on below link:
https://brainly.com/question/30606382#
#SPJ11