Answers
If a firm has sales of $1.8 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $225,000 then, the average collection time frame is 56.25 days.
The average collection time frame is the quantity of days' sales in receivables and determined by utilizing following recipe:
The quantity of days' sales in receivables = 360/Accounts receivable turnover ratio
Accounts Receivable Turnover = Net Credit Sales/Accounts Receivable
Net Credit sales = Absolute Sales - the sales are for cash = $1,800,000 - 20% x $1,800,000 = $1,440,000
Accounts Receivable Turnover = $1,440,000/$225,000 = 6.4 times
The quantity of days' sales in receivables = 360/6.4 = 56.25 days
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Related Questions
Technician A says that a pre-2010 Cummins ISX uses a dual OHC design. Technician B says that a post-2010 Cummins ISX uses a single OHC design. Who is correct?
Answers
Answer:
B
Explanation:
Explain the role of tps in supply chain management
Answers
Answer:
supports the processing a firm's business transactions
Explanation:
Transaction processing systems keep an organization running smoothly by automating the processing of the voluminous amounts of paper work that must be handled daily.
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answers
Answer:ok
Explanation:
Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s business world. Explain.
Answers
Answer:
A knowledge worker is an individual who is skilled in using knowledge and information to solve problems, create new ideas, and add value to an organization. A knowledge worker typically uses their expertise and education to analyze complex situations, generate innovative solutions, and make informed decisions.
In today's business world, knowledge workers are becoming increasingly important because they are able to use their specialized skills and expertise to drive business growth and competitiveness. With the rise of the digital economy, the demand for knowledge workers who are proficient in fields such as information technology, data analysis, and creative problem-solving is growing.
In addition, knowledge workers play a crucial role in driving organizational innovation and adaptability. They are able to continuously learn and adapt to new technologies, markets, and business models, which is essential for organizations to stay competitive in a rapidly changing business environment.
Overall, the knowledge worker is a valuable asset to any organization and is essential for driving innovation, competitiveness, and success in today's business world.
Explanation:
I’m the speech “I have a dream” by Martin luther king jr. did he Use of verbal signposts to create coherence?
Answers
Answer:
yes
Explanation:
he did to attract customers
Write at least two paragraphs about the selection, discussing various components of the album cover including aesthetics and context. Start your analysis by explaining why you selected the art, then discuss: Aesthetics & Context
Album Chosen:
Nevermind by Nirvana
Answers
The Album Cover for the Album Chosen: Nevermind by Nirvana was the subject of a lot of legal controversies. It raises the question of what is appropriate and what is not. The related case was dismissed in court.
The album cover for Nirvana depicts a baby swimming toward a US dollar note on a fishhook. The image is frequently used to represent what is faulty with a society that seems to be materialistic even for babies.
What is Nirvana?Nirvana was an American rock band established in 1987 in Aberdeen, Washington. Kurt Cobain, lead vocalist and guitarist, and bassist Krist Novoselic founded the band, which went through a series of drummers, most notably Chad Channing, until hiring Dave Grohl in 1990.
Nirvana, an American alternative rock band whose breakthrough album, Nevermind (1991), launched a new musical style (grunge) and gave voice to Generation X, the post-baby boom generation.
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Are the following statements true or false?
(a) Perfect competition has an identical good.
(b) A monopolistically competitive firm makes zero economic profit in the long run.
(c) The defining feature of oligopoly is a large number of firms.
(d) A natural monopoly arises because of the existence of economies of scale.
Answers
(a) The given statement, "Perfect competition has an identical good" is true.
(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.
(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.
(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.
(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.
(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.
(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.
(d) A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.
Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.
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does someone know these answer please!
Case of discrimination on the basis of Religion
A Major Arab Company has recently decided to appoint a manager for one of its branches in the Gulf region. The company received a large number of CVs and decided to interview several candidates. Chirine, was among the people who were interviewed.
After several interviews, the HR Manager, Bassam, contacted her to inform her that he is interested in hiring her. When she learned this, Chirine decided to resign from her present job. When Chirine announced the news to her husband, he was pleased, but advised her not to resign unless she had a written offer signed by the new company.
During this period, political tension was rising between some Arab countries and Iran. When Chirine called Bassem to ask about signing the contract, his reaction was surprising. His first question to Chirine was: “Are you Shi’ite or Sunni? We are only hiring from one confession.” Chirine felt deceived and refused to answer his question.
Based on our discussions in class, answer the following questions:
If you were Chirine, would you answer the question regarding your religion? Explain your reasoning in both scenarios
Do you think Bassam’s company is right to recruit only from 1 confession? Explain your
Answers
If I were Chirine I wouldn't answer the question about his religion.
However, it must be considered that the Arab culture is very focused on religion, and this is reflected even in the corporate environment, where organizational routines include the religious and political guidelines established in Arab countries, such as taking a break at certain work hours to perform of prayers.
Therefore, this should not be a question to be considered when hiring for a job position, but the candidate's professional profile, qualifications and how he would actually contribute to the company's development.
I believe that Bassam's company is not right in recruiting from a confession, as this should not be the main point of interest in a professional hiring, it is even a conduct that violates ethics and respect for individuality and personal values of the employee.
Therefore, the company should use differentiated recruitment strategies, considering the globalized and multicultural environment, where the work environment is increasingly diversified and this generates positive benefits for organizations, such as greater innovation, creativity and different visions that add to the organizational whole.
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supposes there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen?
Answers
Answer:Suppose there is economic profit being made in the garbage bag industry. Over time, we should expect which of the following things to happen? ... Garbage bag supply will decrease. Garbage bag prices will increase.
Explanation:workers at this wage; therefore it would simply create unemployment. b. To help ... There needs to be differences in opportunity costs of producing goods across countries for there ... Suppose we have the following market supply and demand schedules ... Economic profits are zero and firms neither enter nor exit the industry.
Identify your global challenge: Based on your purpose, strengths, and leadership style find 4-6 digital media articles from reputable news organisations (e.g., ABC, BBC, The Guardian, Australian Financial Review, etc) that illustrate the kinds of business problems you are interested in solving. Explain why you think those problems are interesting and how they relate to your purpose, strengths and leadership style.
My strengths: humor, curiosity and judgment
My leadership style: facilitative style
My purpose: learn business programe at RMIT
Answers
My purpose: learn business programe at RMIT
My purpose: learn business programe at RMIT
Randy is the manager of a motel. As a condition of his employment, Randy is required to live in a room on the premises so that he would be there in case of emergencies. Randy considered this a fringe benefit since he would otherwise be required to pay $800 per month rent. The room that Randy occupied normally rented for $70 per night, or $2,100 per month. On the average, 90% of the motel rooms were occupied. As a result of this rent-free use of a room, Randy is required to include how much gross income?
Answers
Answer:
a. $0
Explanation:
a. $0
b. $800 per month.
c. $2,100 per month.
d. $1,890 ($2,100 x .90)
A (0)
It should be noted that gross income is the addition of all earnings, this could be the wages,profits, and so on that is available before the removal of taxes.
Therefore, From the question above, Randy, who is the manager that enjoy rent-free use of a room, will be required to include $0 as the gross income, because no deduction or taxes has been removed from the free rent he was enjoying, nothing was paid.
whats the difference between elastic and inelastic in business
Answers
Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.
Explanation:
Hope this helps
From,
1kvibing
Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
Answers
A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.
What precisely is RFM examination (recency, recurrence, and money related)?RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.
What levels of clickstream investigation are there?Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.
Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.
tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clusteringLearn more about RFM analysis: https://brainly.com/question/28537349
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If Wild Widgets, Inc., were an all-equity company, it would have a beta of .95. The company has a target debt-equity ratio of .40. The expected return on the market portfolio is 11 percent and Treasury bills currently yield 3.5 percent. The company has one bond issue outstanding that matures in 15 years and has a coupon rate of 6.5 percent. The bond currently sells for $1,080. The corporate tax rate is 21 percent.
Required:
a. What is the company's cost of debt?
b. What is the company's cost of equity?
c. What is the company's weighted average cost of capital?
Answers
Answer:
see explanation
Explanation:
a. The company's cost of debt
Cost of Debt = Total after tax cost
b. The company's cost of equity?
Cost of equity = Return from risk free + Beta x Market Premium
c. The company's weighted average cost of capital
weighted average cost of capital = Weighted Cost of Debt + Weighted Cost of Equity
Action research is an effective strategy to address teams who may not be functioning well. What might this
involve?
Select an answer:
Leadership meets to select model sites, collect information on successful learning plans, and write and implement a
plan from these model sites.
A consultant meets with managers to determine the main areas of concern, then jointly develops and reviews
improvement plans over time.
A management team consisting of the leaders of each key organizational group meets to develop and implement a
detailed learning plan for each group.
All employees within the organization are formed into new groups, each meet to develop a learning plan for a different
topic.
↓
Answers
Action research is an effective strategy to address teams who may not be functioning well because it involves a collaborative, reflective, and problem-solving approach that aims to improve team performance and dynamics. In this process, a consultant typically meets with managers to determine the main areas of concern, and then jointly develops and reviews improvement plans over time (Option B).
During the action research process, the consultant and managers work together to identify specific issues affecting the team's performance, such as communication barriers, lack of clear roles and responsibilities, or interpersonal conflicts. Based on these identified areas, they develop an action plan with specific goals and strategies to address the issues.
The action plan might include strategies such as training sessions, team-building activities, or the implementation of new processes to improve communication and collaboration within the team. Throughout the implementation of the action plan, the consultant and managers continually assess the progress and effectiveness of the strategies, making adjustments as needed to ensure that the desired outcomes are achieved.
In summary, action research is an effective strategy for addressing poorly functioning teams as it involves a collaborative, reflective, and problem-solving approach to improve team performance. The process typically involves a consultant working with managers to identify areas of concern, develop an action plan, and review and adjust the plan over time to achieve the desired outcomes. So, the correct option is B.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
Answers
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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One of the market failures caused by market power is reduced demand. high costs. underproduction. high price.
Answers
When a firm has market power, this can lead to market failure as a result of underproduction.
Having market power means that:
A firm no longer has to compete with other firms for dominance A firm will produce less goods because they are not competing with anyone A firm will charge a higher priceWhen a firm begins to underproduce because they are not as efficient, this is usually because they are not in competition to be better. This reduces the welfare of the people because less goods are available to them.
In conclusion, underproduction occurs when there is market power.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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I need help on this please…
6) George wants to start saving more money. What is a good first step for him to follow?
A) Identify and cut all essential expenses.
B) Start putting 15% of his income into savings.
C) Reduce spending on all expenses.
D) Track his expenses for one month.
Answers
Answer:
D: "Track his expenses for a month"
Explanation:
If he ends up tracking his expenses for a month he'll know what to spend his money on and what not to. (Need or Want)
Suppose you are planning for retirement in a two-period world. In the first period you are young and earn $1 million, and in the second period you are old and retired and earn nothing. The interest rate is initially 10 percent, but then it falls to 7 percent. After the interest rate falls, the:
a. income effect will induce you to consume more when you are young.
b. substitution effect will induce you to consume less when you are young.
c. change in interest rates affects the substitution effect but not the income effect.
d. substitution effect will induce you to consume more when you are young.
Answers
Explanation:
i think "A" should be the answer tho I'm not pretty sure about it
the impact of monitoring and evaluating quality process on the motor industry
Answers
Impact of monitoring and evaluating quality process on the motor industry is improved product quality and customer satisfaction.
How does monitoring and evaluating quality processes helps?Monitoring and evaluating quality processes in the motor industry can have a significant impact on product quality and customer satisfaction. By closely monitoring the production process, manufacturers can identify any issues or defects early on and take corrective actions to ensure that the final product meets the desired quality standards.
This can help to reduce the number of defective products and improve customer satisfaction by delivering high-quality products that meet their expectations. So. it also help to identify areas where production can be made more efficient which leads to cost savings and increased profitability.
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Jacob and his partner Rico are partners in a business. They want to start a new e-commerce company that will help customers shop for goods online. Before starting the business, they make a list of the market leaders in this field. The list contains names such as Koovs.com, Dresslink.com, and Boohoo.com. What kind of business format do you think Jacob and Rico’s company is following?
Answers
In this business, Jacob and Rico's company is likely following the e-commerce business format.
What is the business format the new company is following?Basically, e-commerce means buying and selling of goods or services online. Given the list of market leaders in the online shopping field, it is safe to assume that Jacob and Rico's new company is also an e-commerce business.
The E-commerce is now popular format for businesses because as it allows to reach customers all over the world and provides convenience for both customers and businesses. By starting the e-commerce company, they can take advantage of this growing trend and potentially tap into a large customer base.
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As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem.
In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure.
You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
Questions
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5:
(i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
In November 2017, Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.62%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
Answer:
Price of Bond = $1,365.98
Explanation:
Face Value = $1000
Yield to Maturity = 2.62% compounded semiannually
Coupon Rate = 4 5/8 = 4+ 5/8 = 4.625%
Time To Maturity = 2042-2017 = 25 years
Semiannual Coupon Payment = 4.625% *1000/2
Semiannual Coupon Payment = $23.125
Price of Bond = 23.125(P/A,1.31%,50) + 1000(P/F,1.31%,50)
Price of Bond = 23.125*36.514 + 1000*0.5216
Price of Bond = 844.38 + 521.6
Price of Bond = $1,365.98.
Do you believe that Mrs. Wyatt was justified in her perception of the situation? Explain.
Answers
Mrs. Wyatt may or may not have been justified in her perception of the situation. It is possible that she felt that she was being ignored or treated unfairly, and that the bank employee was not taking her seriously.
Here are some factors that may have influenced Mrs. Wyatt's perception of the situation:
Her personal experiences. Mrs. Wyatt may have had previous negative experiences with banks, which may have made her more likely to feel that she was being treated unfairly.The bank employee's body language and tone of voice. If the bank employee was not making eye contact with Mrs. Wyatt or was speaking to her in a condescending tone, this could have made her feel like she was being ignored or treated unfairly.The length of time she had to wait. If Mrs. Wyatt had to wait a long time to be served, this could have made her feel frustrated and impatient, which could have made her more likely to perceive the situation negatively.It is important to note that everyone experiences situations differently. What may seem like a minor inconvenience to one person could be a major source of frustration or anger for another. It is also important to remember that bank employees are human beings, and they are not perfect.
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For which reasons could you face a penalty annual percentage rate (APR)?
Select all the correct answers.
balance transfer
exceeding credit limit
late payment
low credit score
paying entire balance in full
returned payment
Answers
The reasons one could face a penalty annual percentage rate (APR) include;
balance transferexceeding credit limitlate paymentAnnual Percentage Rate (APR)Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR as the name implies is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment.
On this note, it follows that Annual percentage rate can be charged on the occurrence of any of the aforementioned situations.
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Don and Kristen are a married couple. Don works as an engineer bringing home
$50,000 per year and Kristen is a teacher bringing home $30,000 per year. They both
have monthly college loans of $425 each. They rent a one-bedroom apartment for $825
per month. They have not done any financial planning – for current needs or looking to
the future.
1) Explain to Don and Kristen 3 Marco factors they should take into account when
personal finance planning. (Chapter One).
2) Describe to Don and Kristen the 11 steps of the financial planning process.
(Chapter One)
3) Describe to Don and Kristen how using personal financial statements (Chapter
Three) on a regular basis, will help them with their finances.
4) Explain to Don and Kristen how an income and cash flow statement (Chapter
Three) will help them on a monthly basis with their finances.
5) Create a conservative budget with at least 8 budget categories for Don and
Kristen (Chapter Five).
6) Give two examples of micro factors and two example of macro factors that could
effect Don and Kristen’s budget (Chapter Five).
7) Give an example when using a cash budget and cash flow timing would benefit
Don and Kristen (Chapter Five).
8) Explain to Don and Kristen the difference between progressive and regressive
taxes (Chapter Six).
9) Describe to Don and Kristen the different tax strategies for different life stages
(Chapter Six).
10)After reviewing the differences between tax deductions and tax credits (Chapter
Six), give two suggestions to Don and Kristen as they file their tax forms for
2020. You must include a Reference Page citing any sources used in your answers.
Answers
Answer:
1. Three macro factors that Don and Kristen should take into account when personal finance planning are:
Economic factors: changes in interest rates, inflation, and economic growth can affect their income, expenses, and investments.Political factors: changes in tax laws, government policies, and regulations can impact their finances.Societal factors: shifts in demographics, cultural attitudes, and social trends can affect their job opportunities, earning potential, and lifestyle choices.2. The 11 steps of the financial planning process are:
Determine your current financial situationDevelop financial goalsIdentify alternative courses of actionEvaluate alternativesCreate and implement a financial planReview and revise the planEvaluate progress and revise the planDefine your personal and financial goalsDetermine your net worthDevelop a budgetManage your cash flow3.Using personal financial statements on a regular basis will help Don and Kristen with their finances by allowing them to:
Track their income, expenses, and net worth over timeIdentify areas where they can cut back on spending or increase their incomeEvaluate their progress towards their financial goalsPlan for major purchases or expensesPrepare for unexpected events or emergencies4. An income and cash flow statement will help Don and Kristen on a monthly basis with their finances by providing a detailed breakdown of their income and expenses, and how much cash they have on hand. This will allow them to:
Identify areas where they can cut back on spending or increase their incomePrioritize their expenses and plan for upcoming bills or paymentsEvaluate their cash flow situation and adjust their spending accordinglyTrack their progress towards their financial goalsA conservative budget for Don and Kristen could include the following eight categories:
Rent/mortgageUtilities (gas, electric, water, internet)Transportation (car payment, insurance, gas)Groceries/foodEntertainment (eating out, movies, hobbies)Health (insurance, copays, prescriptions)Savings (emergency fund, retirement, investments)Debt repayment (student loans, credit cards)Two micro factors that could affect Don and Kristen's budget are:
Changes in their income (such as raises or bonuses)Changes in their expenses (such as unexpected bills or changes in interest rates)Two macro factors that could affect Don and Kristen's budget are:
Changes in the national economy (such as a recession or changes in the job market)Changes in tax laws or government regulations that impact their income or expensesUsing a cash budget and cash flow timing would benefit Don and Kristen in situations where they have irregular or unpredictable income, such as freelancers or commission-based jobs. By tracking their income and expenses on a cash basis, they can better plan for upcoming bills and adjust their spending based on their cash flow.\Progressive taxes are taxes that take a larger percentage of income from higher-income earners, while regressive taxes take a larger percentage from lower-income earners. For example, income tax is a progressive tax because the tax rate increases as income increases. Sales tax is a regressive tax because everyone pays the same percentage regardless of income.Different tax strategies for different life stages could include:In the early career stage, focus on maximizing retirement contributions and taking advantage of employer benefits like health insurance and tuition reimbursement.In the mid-career stage, consider additional investments and savings for major expenses like college tuition or a down payment on a house.In the late career stage, focus on retirement planning and minimizing taxes on retirement income.10. Two suggestions for Don and Kristen as they file their tax forms for 2020 are:
Consider taking advantage of tax credits: Tax credits directly reduce the amount of tax owed, while tax deductions reduce taxable income. Don and Kristen should review the available tax credits for which they may qualify, such as the Earned Income Tax Credit, the Child Tax Credit, and the American Opportunity Tax Credit for education expenses. By claiming these tax credits, they can reduce their overall tax bill.
Be sure to claim all eligible deductions: Don and Kristen should review the list of available tax deductions and be sure to claim all the ones for which they are eligible. This may include deductions for charitable donations, student loan interest, and health care expenses. By claiming all eligible deductions, they can reduce their taxable income and ultimately lower their tax bill.
Explanation:
The City of Southern Pines maintains its books so as to prepare fund accounting statements and records worksheet adjustments in order to prepare government-wide statements. As such, the City’s internal service fund, a motor pool fund, is included in the proprietary funds statements. Balance sheet asset accounts include: Cash, $102,000; Investments, $150,400; Due from the General Fund, $18,300; Inventories, $396,000; and Capital Assets (net), $1,169,700. Liability accounts include: Accounts Payable, $61,500; Long-Term Advance from Enterprise Fund, $738,000. The only transaction in the internal service fund that is external to the government is interest revenue in the amount of $4,400. Exclusive of the interest revenue, the internal service fund reported net income in the amount of $84,000. An examination of the records indicates that services were provided as follows: one-third to general government, one-third to public safety, and one-third to public works. Prepare necessary adjustments in order to incorporate the internal service fund in the government-wide statements as a part of governmental activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Answers
Answer: The answer has been attached
Explanation:
The journal is a book in accounting that is used to record the transactions that affect a business. It should be noted that the double entry method of bookkeeping is utilised while recording in a journal.
The journal has been attached in the following way:
1. The journal was used to record the balance sheet particulars.
2. To record the transaction in the internal service fund that is external to the government.
3. To record the internal service fund in the government-wide statements as a part of governmental activities.
It should also be noted that the net income of $84,000 was to be shared as one-third to general government, one-third to public safety, and one-third to public works. This means they'll all receive ($84,000/3) = $28,000 each.
Further explanation can be found in the attached file.
A production budget is most important for which of the following?
A. Retail stores
B. Manufacturing Firms
C. Non-profit companies
D. Local Government Agencies
E. All the above
Answers
Answer:
Explanation:
Manufacturing Firms
Which of the following does Content Marketing helps with?
Answers
Content Marketing helps with Option D. All the above.
Content marketing is a strategic marketing approach that aims to create valuable, relevant, and engaging content for the targeted audience to increase their engagement and loyalty towards the brand. It involves the creation and sharing of various types of content, such as blog posts, articles, videos, infographics, and social media posts, to attract and retain customers.
Content marketing can help businesses achieve various objectives, including:
SEO (Search Engine Optimization): Content marketing can help businesses improve their SEO ranking by creating and publishing high-quality, relevant, and valuable content that includes relevant keywords, meta descriptions, and tags. When the audience engages with this content, it signals to search engines that the content is useful and relevant, which can improve the website's ranking on search engine result pages.
Brand building: Content marketing can help businesses establish themselves as thought leaders in their industry by creating and sharing high-quality content that offers value to their target audience. By consistently creating valuable content, businesses can build trust, credibility, and authority among their target audience, which can ultimately lead to increased brand awareness, loyalty, and advocacy.
Social media reach: Content marketing can help businesses increase their social media reach by creating and sharing valuable and engaging content on social media platforms. By creating shareable content, businesses can attract more followers, increase engagement, and drive traffic to their websites, ultimately leading to increased conversions and sales.
Overall, content marketing is a powerful marketing tool that can help businesses achieve various objectives, including SEO, brand building, and social media reach. It involves creating and sharing high-quality, relevant, and valuable content that resonates with the targeted audience to increase engagement, loyalty, and conversions. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which of the following does Content Marketing helps with?
A. SEO
B. Brand Building
C. Social Media Reach
D. All the above
Know more about Content Marketing here:
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