Answers
Answer:
The amount of the cash flow to creditors is $74
Explanation:
Beginning of the year:
Long-term debt = $308
Total debt = $339
At the end of the year:
Long-term debt = $269
Total debt = $349.
Interest = $35
Net new borrowing = Ending Long-term debt - Beginning Long-term debt
= $269 - $308
= ($39)
Cash flow to creditors = Interest paid - Net new borrowing
= $35 - ($39) = $ 74
Related Questions
Why do young workers, just starting their careers, tend to get pay raises that are greater than increases in the cost of living (inflation)?
Answers
Young workers who are just starting their careers often experience pay raises that are greater than increases in the cost of living due to several factors:
Skill acquisition: Young workers typically have limited experience and skills when they start their careers. As they gain knowledge, expertise, and proficiency in their roles, their value to employers increases. Employers recognize this growth and provide pay raises to retain and motivate these employees.
Career advancement: Young workers often have the potential for rapid career advancement. They may start in entry-level positions but have opportunities to climb the career ladder relatively quickly. With each promotion or job change, there is an expectation of increased responsibility and higher compensation.
Market demand for skills: Certain industries or professions may experience high demand for young workers with specific skills or qualifications. When there is a shortage of talent in a particular field, employers may offer higher pay to attract and retain young professionals.
Competitive job market: In a competitive job market, employers may need to offer higher wages to attract and retain young talent. With multiple job opportunities available, young workers have more leverage to negotiate better compensation packages.
Future potential and investment: Employers often view young workers as long-term investments. They recognize the potential for these individuals to become valuable assets to the company in the future. By offering higher pay raises, employers aim to motivate and retain young talent, fostering loyalty and commitment.
It's important to note that not all young workers experience pay raises greater than inflation. Economic conditions, industry-specific factors, and individual performance can influence the extent of pay raises. Additionally, pay raises that exceed inflation may be more prevalent for high-demand industries or specialized roles.
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Are entities in Sweden and the US wholly-owned subsidiaries or branch offices? How are those determinations made?
Answers
Answer:
Sweden is generally considered a highly-favorable investment destination. Sweden offers an extremely competitive, open economy with access to new products, technologies, skills, and innovations. Sweden also has a well-educated labor force, outstanding communication infrastructure, and a stable political environment, which makes it a choice destination for U.S. and foreign companies. Low levels of corporate tax, the absence of withholding tax on dividends, and a favorable holding company regime are additional incentives for doing business in Sweden.
Sweden’s attractiveness as an investment destination is tempered by a few structural, business challenges. These include high personal and VAT tax regimes. In addition, the high cost of labor, rigid labor laws and regulations, a persistent housing shortage, and the general high cost of living in Sweden can present challenges to attracting, hiring, and maintaining talent for new firms entering Sweden. Historically, the telecommunications, information technology, healthcare, energy, and public transport sectors have attracted the most foreign investment. However, manufacturing, wholesale, and retail trade have also recently attracted increased foreign funds.
Overall, investment conditions remain largely favorable. Forbes Magazine ranked Sweden second in “The Best Countries for Business for 2019,” a ranking that takes into account factors such as property rights, innovation, taxes, technology, corruption, freedom, red tape, and investor protection. In the World Economic Forum’s 2017-2018 Competitiveness Report Sweden was ranked twelfth out of 138 countries in overall competiveness and productivity. Also in 2018, Transparency International ranked Sweden as one of the most corruption-free countries in the world –third out of 180.
In addition, Sweden is well equipped to embrace the Fourth Industrial Revolution, with a superior IT infrastructure. Bloomberg’s 2019 Innovation Index ranked Sweden in seventh place among the most innovative nations on earth. Sweden is a global leader in adopting new technologies and setting new consumer trends. U.S. and other exporters can take advantage of a test market full of demanding, highly sophisticated customers.
A large national company has seen its stock value decrease during the past
month. Which of the following might be a reasonable explanation for the
cause of this?A the company new product line is a top seller B the company sales forecast is extremely positive C they are under criminal investigation and facing potential charges D the company is experiencing tremendous growth
Answers
Answer: is C They are under criminal investigation and facing potential charges
Explanation:
The main reason most international transactions require full payment before the buyer receives the merchandise is:_____.
a. strict government regulations.
b. an underlying lack of trust. an excess of factor endowments.
c. to trigger lower tariffs.
d. the inability to charge interest on the cost of goods.
Answers
Answer: b. an underlying lack of trust.
Explanation:
When dealing with an international customer, there is no guarantee that the customer will pay you if they receive their merchandise first and if this should happen, getting the person to pay you can be quite cumbersome and expensive.
It is therefore better that the customer sends the full payment first because money has a better chance of being retrieved than goods that are delivered. Using payment websites like PayPal for instance ensure buyer protection so money can be retrieved if goods are not sent. If the reverse were true however, this would be more difficult.
So yes, there is an underlying lack of trust.
Note: An excess of factor endowments is a separate option.
People do things for different reasons. The main reason most international transactions require full paymentbefore the buyer receives the merchandise is an underlying lack of trust.
If there is lacks of trust in business transactions, it allows a lot of harmful thoughts, actions, or emotions.The lack of trust has lead to hopelessness, depression and possibly consider harming themselves.
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Waddell Company had the following balances in its accounting records as of December 31, 2018
Assets Liabilities and Equity
Cash $55,000 Accounts Payable $23,000
Accounts Receivable 44,000 Common Stock 91,000
Land 32,000 Retained Earnings 17,000
Totals $131,000 $131,000
The following accounting events apply to Waddell Company’s 2019 fiscal year:
Jan. 1 Acquired $48,000 cash from the issue of common stock.
Feb. 1 Paid $5,700 cash in advance for a one-year lease for office space.
Mar. 1 Paid a $2,400 cash dividend to the stockholders.
April 1 Purchased additional land that cost $32,000 cash.
May 1 Made a cash payment on accounts payable of $20,000.
July 1 Received $7,400 cash in advance as a retainer for services to be performed monthly over the coming year.
Sept. 1 Sold land for $22,000 cash that had originally cost $22,000.
Oct. 1 Purchased $970 of supplies on account.
Dec. 31 Earned $68,000 of service revenue on account during the year.
31 Received cash collections from accounts receivable amounting to $54,000.
31 Incurred other operating expenses on account during the year that amounted to $13,000.
31 Recognized accrued salaries expense of $5,100.
31 Had $170 of supplies on hand at the end of the period.
31 The land purchased on April 1 had a market value of $32,000.
31 Recognized $116 of accrued interest revenue.
Required:
Based on the preceding information, answer the following questions for Waddell Company. All questions pertain to the Year 2 financial statements.
1. What two additional adjusting entries need to be made at the end of the year?
2. What amount would Waddell report for land on the balance sheet?
3. What amount of net cash flow from operating activities would be reported on the statement of cash flows?
4. What amount of rent expense would be reported on the income statement?
5. What amount of total liabilities would be reported on the balance sheet?
6. What amount of supplies expense would be reported on the income statement?
7. What amount of unearned revenue would be reported on the balance sheet?
8. What amount of net cash flow from investing activities would be reported on the statement of cash flows?
9. What amount of total expenses would be reported on the income statement?
10. What total amount of service revenue would be reported on the income statement?
11. What amount of cash flows from financing activities would be reported on the statement of cash flows?
12. What amount of net income would be reported on the income statement?
13. What amount of retained earnings would be reported on the balance sheet?
What two additional adjusting entries need to be made at the end of the year? (Select which of the following statements (is) are true by selecting an "X".)
a. Feb. 1, prepaid rent
b. June 1, cash dividends to stockholders
c. Aug. 1, cash payment; accounts payable
d. July 1, unearned revenue; cash was received in advance
e. Oct. 1, purchases on account
f. Dec. 31, accrued salaries expense
Refer the income statement, cash flow Statement, balance sheet and answer question A to L.
a. Land
b. Net cash flow from operating activities
c. Rent expense
d. Total liabilities
e. Supplies expense
f. Unearned revenue
g. Net cash flow from investing activities
h. Total expenses
i. Service revenue
j. Cash flows from financing activities
k. Net income
l. Retained earnings
Answers
1. The two additional adjusting entries are:
•Rent Expenses $5,225
•Revenue $3,700
2. Balance sheet reported is $42,000
3. Netnet cash flow from operating activities is $37,500
4. Rent expenset is $5,225$5,225
5. Totaltotal liabilities is $23,770
6. Supplies expense $800
7. Unearnedunearned revenue is $3,700
8. Netnet cash flow is ($10,000)
9. Totaltotal expenses is $24,125
10. Total service revenue is $71,700
11. Cash cash Cash flows from financing activities is $45,600
12. Netnet income is $26,216
13. Retainedretained earnings is $43,216
1. Additional adjusting entries that must be made are:
•Part of the Prepaid rent of the amount of $5,225 will be allocated to the rent expense
Rent Expenses $5,225
($5,700 x 11/12 = $5,225)
•Part of the revenue received in advance of the amount of wi$3,700ll be recognized as revenue
Revenue
($7,400 x 6/12 = $3,700)
2. Beginning balance $32,000
Add Cost of Land purchased $32,000
Less Cost of Land sold ($22,000)
Ending balance $42,000
3.Cash received from customers
Received cash in advance as a retainer for services to be performed monthly over the coming year $7,400
Received cash collections from accounts receivable $54,000
Cash Paid to Suppliers:
Paid cash in advance for a one-year lease for office space $(5,700)
Made a cash payment on accounts payable $(20,000)
Cash flow from operating activities $35,700
4.Rent for 12 months $5,700
Less Rent per months $475
($5,700/12)
Rent expense $5,225
5. Accounts Payable:
Beginning balance $23,000
Cash payment on accounts payable $(20,000)
Purchased supplies on account $970
Incurred other operating expenses on account $13,000
Balance of Accounts Payable $16,970
Unearned Income $3,700
Accrued salaries expense $5,100
Total Liabilities $23,770
($16,970+$3,700+$5,100)
6.Supplies purchased $970
Less Supplies on hand ($170)
Supplies expense $800
7.Revenue received ion July 1 for 12 months contract $7,400
50% earned in the year $(3,700)
Unearned revenue of the balance sheet $3,700
8. Cash used to purchase land $(32,000)
Proceeds from the sale of land $22,000
Cash used by investing activities $(10,000)
9. Lease for office space $5,225
Supplies $800
Other operating expenses $13,000
Salaries expense $5,100
Total expenses $24,125
10. Revenue earned from retainer received in advance $3,700
Service revenue on account $68,000
Total Service Revenue $71,700
11. Issue of common stock $48,000
Cash dividend to the stockholders $(2,400)
Cash provided by financing activities $45,600
12.Total Service Revenue $71,700
($3,700+$68,000)
Interest Revenue $116
Total expenses $(45,600)
Net income $26,216
13. Retained Earnings on the balance sheet is:
Beginning balance $17,000
Net income for the year $26,216
Ending balance $43,216
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During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner:
Production Flow Physical Units
Completed and transferred to the next department 100
Add: Ending work in process inventory 10(40% complete as to conversion)
Total units to account for 110
Less: Beginning work in process Inventory 20(60% complete as to conversion)
Units started during 90
All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work in process inventory had $120 of raw materials and $180 of conversion costs incurred. Materials added during December were $540, and conversion costs of $1,484 were incurred. Krause uses the first-in, first-out (FIFO) process cost method. The equivalent units of production used to compute conversion costs for December were:
a. 110 units.
b. 104 units.
c. 100 units.
d. 92 units.
Answers
Answer:
d. 92 units.
Explanation:
The computation of the equivalent units of production used to compute conversion costs is shown below:
= 20 units × 40% + (100 units - 20 units) × 100% + 10 units × 40%
= 8 units + 80 units + 4 units
= 92 units
Hence, the equivalent units of production used to compute conversion costs is 92 units
• Vitamins B and C are found in two different foods F1 and F2. One unit of food F1 contains 2 units of B and 3 units of vitamin C. one unit of food F2 contains 4 units of B and 2 units of vitamin C. one unit of food F1 and F2 costs $3 and $2.5 respectively. • The minimum daily requirement (for a person) of vitamin B and C is 40 and 50 units respectively. Assuming that anything in excess of daily minimum requirement of vitamin B and C is not harmful. ● Find out the optional mixture of food F1 and F2at the minimum cost which meets the daily minimum requirement of vitamins B and C. Formulate this as a linear programing problem.
Answers
Using linear programming, the optional mixture at minimum cost is x,y ≥ 0
What is Optional Mixture at Minimum CostOptional mixture at minimum cost is a process of combining a variety of materials, such as concrete, sand, gravel, and other aggregates, in order to create a mixture that is more cost-effective than buying the individual components separately. This type of mixture can be used in construction projects, road paving, and landscaping projects in order to save money.
Solving this mathematically with linear programming;
Let x be the number of units of food F1 and y be the number of units of food F2.
Minimize cost: z = 3x+2.5y
Subject to:
2x + 4y ≥ 40 (minimum requirement of vitamin B)
3x + 2y ≥ 50 (minimum requirement of vitamin C)
x,y ≥ 0 (non-negative constraint)
The linear programing problem is:
Minimize z = 3x+2.5y
Subject to:
2x + 4y ≥ 40
3x + 2y ≥ 50
x,y ≥ 0
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Discuss in details how different stakeholders can impact on an upcoming entrepreneur
Answers
Owners have the most power since they select what the business does and give it the funding to launch and grow.
Which stakeholders are affected, and how?Owners have the most power since they choose the company's direction and supply the capital necessary for it to launch and grow. The company's stockholders have an impact on its objectives. The decisions and recommendations made by management have an effect on how the company runs.
Stakeholder effect is the result of the decisions, activities, or policies of an organization on its constituents. It's a technique for evaluating the influence that an organization's activities have on the people, communities, and other organizations that are affected.
What role do stakeholders have in the lives of company owners?Hence, without stakeholders, initiatives would not exist. Involving the stakeholders in the project would be very beneficial. They might influence organizational behavior in ways that benefit the project management team by taking part in decision-making and having an impact on how the organization acts.
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Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.
Answers
Answer : yes , i find the following scriptures by philosopher convincing:
T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.
Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.
Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.
Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.
Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.
The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.
It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.
The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $903,400; Freight-Out $13,700; Sales Returns and Allowances $22,000; and Sales Discounts $15,400. Prepare the sales section of the income statement.
Answers
Net Sales Revenue for Sunland Company: $865,000 (Sales Revenue $903,400 - Returns $22,000 - Discounts $15,400).
Income Statement - Sales Section (For the fiscal year ended October 31, 2022)
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $903,400 - $22,000 - $15,400 = $865,000
The sales section of the income statement for Sunland Company reflects the following figures for the fiscal year ended October 31, 2022:
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $865,000
The Sales Revenue represents the total amount of sales generated by Sunland Company during the fiscal year.
Sales Returns and Allowances account for any merchandise returned by customers or allowances granted due to defective products or other reasons.
Sales Discounts account for the reduction in the selling price offered to customers for early payment or other negotiated discounts.
By subtracting the Sales Returns and Allowances and Sales Discounts from the Sales Revenue, we arrive at the Net Sales Revenue figure.
For Sunland Company, the Net Sales Revenue amounts to $865,000, which represents the total sales revenue after deducting returns, allowances, and discounts.
This figure is significant for assessing the company's performance and analyzing its sales activities.
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1.Why is knowledge of consumer behavior important to the marketer?
Answers
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
Unscramble the vocabulary word from Chapter 18: genrocis
Answers
The vocabulary word from Unscramble term genrocis is Cosigner.
With the help of a word unscrambler, you may input all the letters you have in your possession, and the tool will reorganize them to show all conceivable word combinations. Some might be concerned that this is a cheating method.
When a borrower fails not to repay a loan as promised, a co-signer agrees to be held accountable for the debt. If you want to buy a big item, like a car, but you can't get a loan on your own, you could consider getting a co-signer. Cosigner is a person responsible for payment of the loan if you do not pay as promised.
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Joe owns a business renting out properties as apartments. He is hoping to purchase an old building to create new apartment homes. Before Joe is able to purchase the building, he must work out a deal with the current owner, who has decided to sell the property. Use the drop-down menu to complete each statement. Based on the information in the passage, it is most likely that Joe lives in a economy. The building that Joe is interested in purchasing would be considered .
Answers
Answer:
Joe lives in a mixed economy.
The building is a private property
Explanation:
A mixed economy allows individuals like Joe and companies to engage in commercial activities. It gives freedom to entrepreneurs to choose the type of business they wish to operate. Joe rents out apartments to clients. He and the client enters into a tenancy agreement, which suggests the presence of regulation. Consulting the owner of the property that he wishes to purchases shows there is an authority that regulates property transactions. A mixed economy gives buyers and sellers the freedom to do business but with regulation by a central authority.
The property that Joe wishes to buy is private property. It belongs to the seller and not to the public or government. Joe can only purchase a property and acquire its title if it is private property.
Answer:
1. mixed market
2. private property
The mass of the eggs laid by a certain breed of hen is normally distributed random variable with mean 0.06kg and standard deviation 0.009kg. if a random sample of 1800 eggs are sold, how many would you expect to have mass
i. less than 0.052kg
ii. between 0.052 and 0.075kg)
III greater than 0.075
Answers
The correct answer by the standard deviation would be as follow:
i. less than 0.052kg - 288 eggs
ii. between 0.052 and 0.075kg) - 1476 eggs
III greater than 0.075 - 36 eggs
Given:
number of the samples, n = 1800 eggs
the mean of the distribution, m = 0.06 kg
standard deviation, d = 0.009 kg
(i) less than 0.052 kg (standard size):
1 standard deviation below the mean = m - d
m - d = 0.06 kg - 0.009 kg = 0.051 kg
(the standard size is 1 standard deviation below the mean)
less than 1 standard deviation below the mean in a normal distribution is = 16% of the given samples
Number of standard size = 0.16 x 1800
= 288 eggs
(ii) Between 0.052 kg and 0.075kg (medium size):
0.052 kg is 1 standard deviation below the mean
2 standard deviations above the mean:
> m + 2d
> m + 2d
> 0.06 + 2(0.009)
= 0.078 kg
Between 1 standard deviation below the mean and 2 standard deviation above the mean in a normal distribution
= (68 + 14)%
= 82%
Number of medium size = 0.82 x 1800
= 1,476 eggs
(iii) Greater than 0.075 kg (large size):
0.078 kg is 2 standard deviations below the mean
greater than 2 standard deviation above the mean in a normal distribution = 2 % of the number of given samples
Number of large size = 0.02 x 1800
= 36 eggs
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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Question 2. (6)
Briefly explain why Investors, Competitors and Suppliers take interest in
accounting information related to a business. (Please include examples)
Answers
Answer:
They like googIe
Explanation:
Which of the following is a fixed asset for a business?
A. Bicycle for private use
B. Washing machine for restate
C. Motor car for family use
D. Motor lorry for delivery of goods
Answers
Answer:
D. Motor lorry for delivery of goods
Explanation:
Business assets are valuable used to generate revenue for the business. Assets can be classified as either current or fixed assets. Currents assets can be converted to cash with relative ease.
Fixed assets have a lifespan exceeding one year. Usually, a business will not dispose of its fixed assets in the current financial period. Fixed assets remain constant in a period and are used in the production process.
From the list provided, lorry is the fixed asset. It is being used to deliver goods, hence assisting in generating revenue. The lorry has a lifespan exceeding one year and is not meant for sale.
bonita industries sells 9350 units of product a and 7650 units of product b annually. the sales mix for product a is
Answers
Product A's sales mix is 55%.The ratio of each product that a company sells in relation to overall sales is calculated using the sales mix.
What exactly does "sales mix" mean?Because some items or services can be more valuable than others, the sales mix is important because it can affect a company's earnings. A software corporation might market three product lines, for instance. The sales director for the company may forecast that in the coming year, 50% of sales may originate from Product A, 30% from Product B, and 20% from Item C. The revenue mix ratio is now 50-30-20.
Sales mix = 9350/(9350+7650)
= 0.55*100=55%
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a. Sunland Cosmetics acquired 12% of the 287,500 shares of common stock of Elite Fashion at a total cost of $14 per share on March 18, 2019. On June 30, Elite declared and paid a $80,200 dividend. On December 31, Elite reported net income of $228,100 for the year. At December 31, the market price of Elite Fashion was $16 per share.
b. Culver Inc. obtained significant influence over Kasey Corporation by buying 25% of Kasey's 29,100 outstanding shares of common stock at a total cost of $11 per share on January 1, 2020. On June 15, Kasey declared and paid a cash dividend of $38.500. On December 31, Kasey reported a net income of $122.900 for the year.
Required:
Prepare all the necessary journal entries for 2020 for Culver Inc.
Answers
Answer:
Mar 18
Dr Available for sales Securities $4,025,000
Cr Cash $4,025,000
June 30
Dr Cash $9624
Cr Dividend Revenue $9624
Dec-31
Dr Securities Fair value Adjustment $575,000
Cr Unrealised gain or Losss- income$575,000
B. Jan 1
Dr Investment in Culver stock $80,025
Cr Cash $80,025
Jan 15
Dr Cash $9,625
Cr Investment in Culver stock $9,625
Dec, 31
Dr Investment in Culver stock $30,725
Cr Revenue $30,725
Explanation:
Preparation of all the necessary journal entries for 2020 for Culver Inc.
Mar 18
Dr Available for sales Securities $4,025,000
(287,500*$14)
Cr Cash $4,025,000
June 30
Dr Cash $9624
Cr Dividend Revenue $9624
($80,200*12%)
Dec-31
Dr Securities Fair value Adjustment $575,000
Cr Unrealised gain or Losss- income$575,000
[(287,500*($16-$14)]
B. Jan 1
Dr Investment in Culver stock $80,025
(29,100*25%*$11)
Cr Cash $80,025
Jan 15
Dr Cash $9,625
($38,500*25%)
Cr Investment in Culver stock $9,625
Dec, 31
Dr Investment in Culver stock $30,725
($122,900*25%)
Cr Revenue $30,725
A company incurs $3,600,000 of overhead each year in three departments: Processing, Packaging, and Testing.
The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge.
The following data are available:
Department Expected Use of Driver Cost
Processing 800 $1,500,000
Packaging 200,000 1,500,000
Testing 2,000 600,000
Production information for the two products is as follows:
Oil Sludge
Department Expected Use of Driver Expected Use of Driver
Processing 300 500
Packaging 120,000 80,000
Testing 1,600 400
The amount of overhead assigned to Sludge using ABC is
a. $1,800,000.
b. $1,657,500.
c. $1,942,500.
d. $1,380,000.
Answers
Answer:
its 1,800,000
because it the answer
The current sections of Sunland Inc's balance sheets at December 31, 2021 and 2022, are presented here. Sunland's net income for 2022 was $154,100.
Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method.
Answers
The net cash provided by operating activities is $168,100.
How do we prepare the operating activities section?To prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method, we need to start with net income and adjust for the non-cash items and changes in current assets and liabilities that affect cash flows from operating activities.
Sunland Inc.
Statement of Cash Flows
For the Year Ended December 31, 2022
Operating Activities:
Net income $154,100
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense $24,000
Increase in accounts receivable $(10,000)
Increase in inventory $(9,000)
Increase in prepaid expenses $(1,500)
Increase in accounts payable $7,500
Increase in accrued expenses $2,500
Net cash provided by operating activities $168,100
Explanation:
Depreciation expense is added back because it is a non-cash expense.The increase in accounts receivable is subtracted because it represents cash that was not collected in the period and therefore decreased cash from operating activities.The increase in inventory is subtracted because it represents cash that was used to purchase inventory and therefore decreased cash from operating activities.The increase in prepaid expenses is subtracted because it represents cash that was paid in advance and therefore decreased cash from operating activities.The increase in accounts payable is added because it represents cash that was not paid in the period and therefore increased cash from operating activities.The increase in accrued expenses is added because it represents cash that was not paid in the period and therefore increased cash from operating activities.The net cash provided by operating activities is $168,100.
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Isabella decides to buy a dress that Olivia has for sale; they agree on a price of $20. Which of the following best describes who gains and who loses from the transaction?
a. If the dress originally costs more than $20, Isabella gains and Olivia loses.
b. If the dress originally costs less than $20, Olivia gains and Isabella loses.
c. Both parties expect to gain from this transaction.
d. If Olivia gains from the transaction, Isabella must lose an equal amount.
Answers
b. Both sides anticipate profiting from this deal. When both parties anticipate winning in a trade, it happens. If Olivia believes she can sell the outfit for $20 and Isabella believes it is worth $20, then they have found a win-win situation.
An exchange of commodities, services, or financial instruments between two persons is referred to as a transaction. Transactions can take place between people, companies, or organisations. Contract law, which establishes the terms and conditions of the exchange, usually governs them. The economy and trade depend heavily on transactions because they allow for the exchange of goods and services, which benefits both sides. In a transaction, whether it involves money, commodities, or services, both sides anticipate gaining something. The exchange of money signals the end of a transaction, which is regarded as a binding contract. Cash transactions, barter transactions, and computer transactions are only a few of the numerous possible types of transactions.
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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difference between a public limited liability and private limited liability company
Answers
Answer: A private limited company is a company that is owned privately, while a public limited company has the right to sell shares of it's stock to the public
Explanation:
n
Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
Answers
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
give the meaning of office machine
Answers
Answer: Equipment
Explanation:The equipment used in an office; for example: phones, computers, and printers. ... These markets cover computers and other machines for workplaces.
Hope this helps! Brainlist?
Answer:
What are office machines? The Cambridge Dictionary defines office machinery as the equipment used in an office for example: phones, computers, and printers These markets cover computers and other machines for workplaces.
Explanation:
What is the potential downside of the “assess and respond” approach when executing a risk response?
Answers
The "assess and respond" approach is a common method used to manage risks.
What is the potential downside of the “assess and respond” approach when executing a risk response?There are several potential downsides to consider:
Latency: The assess and respond approach requires time to identify and assess risks, plan responses, and implement those responses. This latency can lead to missed opportunities or ineffective responses if risks evolve quickly.Overreliance on response: The assess and respond approach focuses on response, but may not be effective in preventing risks from occurring in the first place.Limited resources: Implementing responses to risks can be resource-intensive, and organizations may not have the necessary resources to effectively address all risks.Lack of certainty: The assess and respond approach is based on an assessment of risks, but assessments are not always accurate and can lead to incorrect conclusions about the risks that need to be addressed.To know more about Business, check out:
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Talk to a 55-year-old (or older) business professional nearing retirement. This person can be a family member, friend, or mentor. List and describe the savings, investments, and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
Answers
Answer:
The financial planning will differ for the person according to their age. A person who is 50 years older would have money only from his savings. The 55 year old person is retired and would only have money available for living from the saving he had made while he was working. He will not have any other source of income.
Explanation:
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies changes for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic, has ability to work part time along with his routine job to earn extra money.