Blue Wave Co. aims to maintain the desired ending inventory levels and meet the expected unit sales for each month. This helps the company ensure a smooth flow of production and minimize inventory shortages or excesses.
The company's policy is to maintain an ending inventory each month equal to 20% of the following month's expected unit sales. Based on this policy, we can calculate the desired ending inventory for each month and then determine the required production for each month.
Let's calculate the desired ending inventory for each month:
September: 20% of October's expected unit sales = 20% of 4,500 units = 900 units
October: 20% of November's expected unit sales = 20% of 6,100 units = 1,220 units
November: 20% of December's expected unit sales = 20% of 8,000 units = 1,600 units
December: No need to calculate as it is the last month.
Now, let's calculate the required production for each month by considering the desired ending inventory and the unit sales for that month:
September: Required production = September's unit sales + desired ending inventory = 3,900 units + 900 units = 4,800 units
October: Required production = October's unit sales + desired ending inventory - September's desired ending inventory = 4,500 units + 1,220 units - 900 units = 4,820 units
November: Required production = November's unit sales + desired ending inventory - October's desired ending inventory = 6,100 units + 1,600 units - 1,220 units = 5,480 units
December: Required production = December's unit sales = 8,000 units
Therefore, the required production for each month is as follows:
September: 4,800 units
October: 4,820 units
November: 5,480 units
December: 8,000 units
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Mario was surprised that the box that was supposed to tell him how many words he used in his document did not appear after the spelling and grammar check of his document was complete. Which step did Mario forget to do in Word’s Options dialog box?
Answer:
He forgot to tick 'Show readability statistics' in the Word's Option dialog box
Explanation:
Mario did a typing work using Microsoft word; he typed in the Word interface. Having finished typing the document, Mario used the 'spelling and grammar check' tool to ensure his document had no errors; the 'spelling and grammar' tool ensures that the document obeys the rules of lexis and structure of the language used in typing the document. The tool corrects typographical, grammatical & lexical errors. After having run the error check for spelling and grammar, a dialog box ought to open in the Word interface giving a summary of the corrections made. However, Mario did not get this dialog box. Herein is his dilemma.
Mario omitted a step in his proofreading work and that's why the dialog box did not pop-up. Mario can rectify his omission by following these steps:
I. Click on the 'File' tab from the menu bar
II. Click on 'Options' under the File tab
III. An interface opens, click on 'Proofing' menu
IV. Navigate to the heading 'When correcting spelling and grammar in Word'
V. Tick the box 'Show readability statistics'
When Mario follows this procedure, the box will open up after the spelling and grammar check giving him the summary of his document (the number of words used etc.). Mario forgot to enable/tick the 'Show readability statistics' in the Word's Option dialog box
Answer: D
Click the show the readability statistics option.
Explanation:
Hope this helps!!
Prompt
What are company values?
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Answer:
As a definition, company core values are the clearly stated principles about the organization’s vision, mission, and principles. That way, everyone is aligned around a guiding philosophy to serve employees, customers, and the broader community.
That can also double as the definition of company culture. In many ways, values and culture are synonymous. They’re both about the higher aspirations of a company. The result is the DNA fundamental to a company’s identity
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
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Which of the following can be measured by the level of real GDP per person? a. Productivity and the standard of living b. Productivity but not the standard of living c. The standard of living but not productivity d. Neither the standard of living nor productivity
The following that can be measured by the level of real GDP per person is Productivity and the standard of living. The correct answer is a.
Productivity and the standard of living can be measured by the level of real GDP per person. Real GDP per person is a measure of the total goods and services produced by a country, adjusted for inflation and divided by the total population.
This measure provides an estimate of the average income and standard of living of individuals in a country. It also provides an indication of the productivity of a country's economy since higher output per person implies higher productivity.
However, GDP per person is not a comprehensive measure of economic well-being since it does not capture factors such as income inequality, environmental degradation, or non-monetary aspects of life such as health and social connections.
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Accounting practices and procedures used to prepare financial statements are called:_________
General accepted accounting principles (GAAP) are a unified body of rules, procedures, and standards for accounting GAAP.
A uniform technique for producing financial statements and performing accounting activities is provided by GAAP for businesses. GAAP makes it simpler for accountants and small-business owners to keep track of an organization's financial health. GAAP makes it easier to communicate a company's financial information to third parties. Only a few examples of the common rules, which range from fundamental underlying concepts and assumptions, may be found in the Financial Accounting Standards Board's (FASB) particular rules for complex financial transactions. An established set of accounting guidelines known as GAAP is used to prepare and standardize a company's financial statements.
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When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. Group of answer choices transaction dividend exchange international fluctuation
Answer: Exchange
Explanation:
There are different currencies in the world used by different countries. We still need to trade with each other however so there must be a way for us to use our money to buy a good in a country with another currency.
We can do so by exchanging currency at a certain rate known as the exchange rate which is the rate that we can change a unit of one currency to another currency. This rate reflects the relative demand and supply factors of the various currencies such that one currency will be stronger or weaker than the other.
If the money supply grows at 6% and the inflation rate is 2%, the quantity theory predicts that the change in real GDP will be
Answer:
I believe the answer is 4%
Explanation:
Who is likely to win in a reverse auction?
a. The highest bidder o
b. Single-source suppliers
c. The lowhst bidder
d. The most expensive
e. Reseller markets
The bidder who submits the lowest bid for the required goods or services typically wins the auction. The correct answer is option c.
In a reverse auction, the buyer seeks to purchase goods or services and invites multiple suppliers to bid against each other to win the contract.
Reverse auctions are popular in procurement because they help the buyer obtain the best possible price for the required goods or services. The competitive bidding process drives prices down, which benefits the buyer. Suppliers also benefit because they have the opportunity to win new business and potentially increase their market share.
However, winning a reverse auction is not just about submitting the lowest bid. Suppliers must also ensure that their bid meets the buyer's requirements for quality, quantity, delivery time, and other terms and conditions.
They must also consider their own costs and profitability when determining the bid price. As such, winning a reverse auction requires a strategic and thoughtful approach, rather than simply submitting the lowest bid possible.
In summary, the likely winner in a reverse auction is the supplier who submits the lowest bid that meets the buyer's requirements. However, winning the auction requires careful consideration of multiple factors beyond just the bid price. The correct answer is option c.
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Suppose that your favorite electronics store maintains an inventory of a certain brand and model of mp3 player. the store pays the manufacturer $165 for each mp3 player ordered. each order incurs a fixed cost of $40 in order processing, shipping, etc. and requires a 2 week lead time. the store estimates that its cost of capital is 17% per year, and it estimates its other holding costs (warehouse space, insurance, etc.) at $1 per mp3 player per month. the demand for mp3 players is steady at 40 per week.
required:
a. using the eoq model, calculate the optimal order quantity, reorder point (r), and average cost per year.
b. now suppose that backorders are allowed, and that each backorder incurs a stockout penalty of $60 per stockout per year. using the eoq model with planned backorders, calculate the optimal order quantity, stockout percentage (x), reorder point (r), and average cost per year. how much money would the store save per year by allowing stockouts, expressed as a percentage?
The store pays the manufacturer $165 for each mp3 cost estimations theory player ordered. each order incurs a fixed cost of $40 in order processing, shipping, etc that backorders are allowed, and that each backorder.
A stockout penalty of $60 per stockout per year. using the eoq model with planned backorders, calculate the optimal order quantity,
Before you can calculate the cost of creating mp3 devices, you must first determine the company's entire overhead costs.
Cost-benefit analysis illustration.
• Divide the $2000 weekly overhead expense by the quantity of weeks required to produce the mp3 devices.
• After that, add the price of each MP3 player to the overall overhead expense. The sum of these two figures is the cost of manufacturing mp3 players.
• For instance, if manufacturing the mp3 devices takes 4 weeks, the final cost would be $8,180 ($2000 x 4 weeks + 45 x 4 weeks).
Cost of overhead is $2000 per week.
MP3 Player Price: $45 .Total Price = Overhead Price + MP3 Player Price Total Price = $2000.
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A good that a producer can prevent a consumer from using by charging a price is __________.
A good that a producer can prevent a consumer from using by charging a price is a public good that is non-rivalrous. Thus, option C is correct.
Who is a producer?A producer can be defined as the person who produces on manufactures a good or a product, it can be a rock product or a semifinished or a finished product. These are basically the manufacturer of a commodity
A good that the producer is being produced is a public good that will be considered non-rivalrous which means that the good can be consumed and posses by multiple users and that are not being made of subjected to a particular party or subjected group of people. Therefore, option C is the correct option.
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The question is incomplete, the complete question will be:
a private good that is non-rivalrous
a public good that is excludable
a public good that is non-rivalrous
a private good that is excludable
The main function of a high-risk investment is to:
A. make sure that an investment does not lose money.
B. make a variety of investments to balance risk and reward.
C. protect an investment from government fees and taxes.
D. quickly earn as much return on investment as possible.
The main function of a high-risk investment is that one quickly earn as much return on investment as possible.
The advantages of high risk investments are:
Investors can earn huge returns in a very short period of time Investor are able to purchase and sell the securities with ease.Investors can earn capital gains as well as dividends on their investments.The reason for investment is for profit or returns. it often involves risk.
Conclusively, Every investor invests with a specific objective at heart, and most investment has its own unique set of benefits and risks.
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a 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. you believe that in one year, the yield to maturity will be 6.25 percent. what is the change in price the bond will experience in dollars? (assume semiannual interest payments and $1,000 par value.)
To calculate the change in price, we need to find the current price of the bond and the price after one year when the yield to maturity is 6.25%. the bond will experience a change in price of $4.71
First, we need to calculate the current price of the bond using the given information:
Coupon rate = 6%
Yield to maturity = 6.5%
Years to maturity = 12
Par value = $1,000
Semiannual interest payments
We can use the following formula to calculate the current price of the bond:
Price = (C / 2) * [1 - (1 + r/2)^(-2t)] / (r/2) + (F / (1 + r/2)^2t)
Where:
C = coupon payment
r = yield to maturity
t = years to maturity
F = par value
Plugging in the given values, we get:
Price = (30 / 2) * [1 - (1 + 0.065/2)^(-212)] / (0.065/2) + (1000 / (1 + 0.065/2)^212)
Price = $1,037.57
Next, we need to calculate the price of the bond after one year when the yield to maturity is 6.25%. We can use the same formula, but with a new yield to maturity:
Price = (30 / 2) * [1 - (1 + 0.0625/2)^(-211)] / (0.0625/2) + (1000 / (1 + 0.0625/2)^211)
Price = $1,042.28
Finally, we can calculate the change in price as follows:
Change in price = Price after one year - Current price
Change in price = $1,042.28 - $1,037.57
Change in price = $4.71
Therefore, the bond will experience a change in price of $4.71.
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You will be acting as Sales Manager for a domestically located company (Canadian Company) In today’s world, companies that want to grow larger in terms of sales/revenue/profit need to expand internationally.
ignment 1 - 10 Steps of the Sales Process is due
You will be acting as Sales Manager for a domestically located company (Canadian Company) In today’s world, companies that want to grow larger in terms of sales/revenue/profit need to expand internationally. During this assignment students will focus on developing knowledge and focus on understanding the importance of each of the steps within the sales process. This assignment will help to understand the sales steps from the initial stages through the closing of the sale. This assignment will focus on understanding our products, our company, our USP, the features, advantages and benefits of one of your company’s products and the selling process as detailed within our course learning outcomes.
Expanding internationally is crucial for companies that aim to achieve growth in terms of sales, revenue, and profit.
As a Sales Manager for a Canadian company, this assignment will focus on understanding and implementing the 10 steps of the sales process. It will involve developing knowledge and expertise in our products, company, unique selling proposition (USP), as well as understanding the features, advantages, and benefits of one of our company's products.
By mastering the sales process, we will be equipped to navigate through the stages from initial contact to closing the sale, ensuring successful sales outcomes. To effectively expand internationally and drive sales growth, it is essential to have a well-defined sales process in place.
This assignment will provide a comprehensive understanding of the 10 steps involved in the sales process. These steps typically include prospecting and lead generation, qualifying leads, conducting thorough research on the prospect's needs and challenges, presenting our company's products and their unique selling points (USPs), addressing customer objections, negotiating and closing the sale, and providing post-sale follow-up and support.
By thoroughly understanding our products and their features, advantages, and benefits, we can effectively communicate their value to potential customers. This involves identifying the specific pain points our products address and how they can benefit customers in unique ways.
We will also focus on understanding our company's strengths, market positioning, and USP, which differentiate us from competitors. By implementing a systematic sales process, we can streamline our sales efforts, enhance customer engagement, and increase the likelihood of successful sales outcomes.
This assignment will equip us with the knowledge and skills necessary to effectively navigate the sales process and contribute to the company's international growth and success.
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Critics argue that free trade agreements
O offer goods too freely.
O are unfair to international businesses.
O put people out of jobs.
O are too fair.
O transfer power from international organizations to local groups.
Critics argue that free trade agreements take people out of jobs, as the outsourcing of jobs in foreign countries increases, making it difficult for local companies to compete.
Through free trade, companies have the possibility of expanding to countries with lower costs of raw materials, labor and tariffs, which is an opportunity to reduce costs and increase profitability for companies.
Therefore, one of the biggest criticisms of free trade agreements is the outsourcing of jobs, which can cause local citizens to lose their jobs.
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show the vegetable market of nepal in pyramid
Due to massive increases in agriculture and production area over the last two decades, per capita vegetable consumption has increased to 105 kg from 60 kg. Nepal has reported 3,243,521 vegetable holdings. Vegetable crops are grown on a total of 232,295 hectares of cultivable land.
What is market?A market is a collection of systems, institutions, procedures, social relations, or infrastructures through which parties exchange goods and services. While parties can barter for goods and services, most markets rely on sellers offering their goods or services to buyers in exchange for money. The exchange of goods and services that occurs as a result of buyers and sellers coming into contact with one another, either directly or through mediating agents or institutions, is referred to as a market.A market is defined as the total number of buyers and sellers in the area or region under consideration. The area could be the entire planet, a country, a region, a state, or a city.To learn more about market, refer to:
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Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. the journal entry to record the cost of goods sold would be:
Answer:
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Explanation:
Cost of goods sold by Landon Jewelers is $7,000
The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.
Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.
Therefore Sales discount would be ;
= $7,000 × 3%
=$210
Balance paid in cash would be;
=$7,000 - $210
=$6,790
Journal entry for cost of goods sold would be;
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.
Mlb recently became the first major league to partner with a cbd brand, charlotte’s web. In a recent civic science survey, what percentage of fans strongly disapproved of the move?.
Last month, MLB became the first major league to recognise Charlotte's Web as an official CBD partner, and half of the league's fans are cool with it. 50 percent of respondents rated the new revenue source as "very" or "somewhat" acceptable.
What is MLB?The world's oldest significant professional sports league is Major League Baseball (MLB), which is a professional baseball organisation. A total of 30 teams make up Major League Baseball (MLB), with 29 based in the United States and 1 in Canada, equally split between the National League (NL) and the American League (AL). In 1876 and 1901, the NL and AL, respectively, were established. The National Agreement, which the two leagues first signed in 1903, stipulated that they would collaborate while continuing to be legally distinct organisations. In 2000, however, the two leagues united to become the Baseball Commissioner's Organization. The MLB's head office is located in Midtown Manhattan. In addition, it is listed as one of the top professional sports leagues in both the US and Canada.
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You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim?
You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim? No, it does not support their advertising claim.
One of the best ways businesses can utilize digital media is for _____ purposes, such as increasing brand awareness and connecting with consumers.
A. promotion
B. distribution
C. product
D. pricing
E. placement
One of the best ways businesses can utilize digital media is for promotion purposes, such as increasing brand awareness and connecting with consumers.
Social media may assist you in communicating with your clients and learning what others are saying about your company. Social networking is also useful for marketing, giving away free stuff, and developing mobile apps. Social networking may benefit your company by bringing in new clients, gathering feedback from existing ones, and cultivating a dedicated following.
Text, images, video, and audio may all be shared through digital media, which enables a wide range of media forms. Additionally, it supports online interactions and gatherings of individuals, taking the place of many personal ties and responsibilities.
Hence the correct option is A
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Is there anyway to make money as a teen (Online), I am 14.
The owner of a chicken processing plant makes $1,000,000 per year from his chicken processing plant, and $1,000,000 per year from other sources. He notices that a total of $30,000 worth of chickens per year are being taken home by his 100 employees to supplement their minimum wage living standards (this works out to less than $6 per week per employee). These chickens are being taken out through the fire safety doors, so the owner is considering blocking the doors permanently. This is against the law because any reasonable person knows that sealing fire doors kills people in the event of a fire. The probability of a fire is 0.01 per year (one percent per year). If a fire breaks out it will be discovered that the owner sealed the safety doors, and the owner will have to pay $F = 700, 000 worth of fines and legal fees. The owner's von NeumannMorgenstern utility function is u(x) = √x where x is the owner's income in a given year. The owner cares only about x.
Answer:
1. 1,403.567
2. 1,411.473
3. Algebraic expression 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. 1,877,600
5. 1411.761
Explanation:
1. Computation for the owner’s expected utility if he leaves the fire doors unsealed.
First step is to calculate the Owner's income if he leaves the doors unsealed
Owner's income if he leaves the doors unsealed=1,000,000 +1,000,000-30,000
Owner's income if he leaves the doors unsealed=1,970,000
Now let determine the expected utility if he leaves the doors unsealed
Expected utility=1,970,000^0.5
Expected utility=1,403.567
Therefore the expected utility if he leaves the doors unsealed will be 1,403.567
2. Calculation to determine the owner’s expected utility if he permanently seals the doors
First step is to calculate the The Owner's expected income if he seals the door
Owner's expected income if he seals the door=1,000,000 +1,000,000-700,000*0.01
Owner's expected income if he seals the door= 1,993,000
Now let calculate the Expected utility if he leaves the doors sealed
Expected utility if he leaves the doors sealed= 0.99*2,000,000^0.5+0.01*1,300,000^0.05
Expected utility if he leaves the doors sealed=1,411.473
Therefore The Expected utility if he leaves the doors sealed is 1,411.473
3. Calculation to determine the algebraic expression for the owner’s expected utility as a function
First step is to calculate the The owner's expected income with a fine F
Owner's expected income with a fine F= 1,000,000 +1,000,000-F*0.01
Owner's expected income with a fine F = 2,000,000-0.01F
Now let determine The algebraic expression for the owner's expected utility if he seals the door with a fine F
Algebraic expression= 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
Therefore The Algebraic expression is 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05
4. Calculation to solve for the minimal fines and legal fees that will make the owner decide not to seal the doors using the expression from the previous problem and the owner’s expected utility if he leaves the fire doors unsealed
Based on the information given the owner may decide that he won't seal the door In a situation where the expected utility from sealing is as well equal to the expected utility from not sealing the door which was Calculated as:
0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05=1403.567
Now let calculate Fines and legal fees
Fines and legal fees=(2,000,000-F)^0.05=100(3.49857)= 349.857
Fines and legal fees=2,000,000-349.857^2=1,877,600
Therefore based on the above calculation in a situation were the Fines as well as the legal fees are equal to or higher than F=1,877,600 which means that the owner may decide not to seal the doors.
5. Calculation to Find the C that gives the plant owner complete coverage
First step is to calculate the owner expected utility will in a situation were the owner contributes $C to state politicians
Expected utility= 0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05
Second step is to calculate the The plant owner complete coverage when 100C=700,000
Plant owner complete coverage=700,000/100
C=7000
Third step is to calculate what the owner will likely make this contribution if the expected utility is:
0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05 is greater than 0.99*2,000,000^0.5+0.01*1,300,000^0.05
=1411.473
Hence,
0.99*(1,993,000)^0.5+0.01*(2,000,000)^0.05= 1411.761
Therefore the owner expected utility in a situation were the owner contributes $C to state politicians is 1411.761
Which two statements are the most accurate in regards to scaling Scrum for large projects requiring multiple Scrum Teams? (Choose two)answer choicesA person focusing on the Sprint Backlog of a single Scrum Team is often more productive than that same person working on multiple Scrum Teams at the same time.A well-structured Product Backlog can minimize and often eliminate Development Team members working on multiple Scrum Teams during a Sprint.Team members must work full time on a single Scrum Team.Customizing the core Scrum framework is necessary to be successful with Scrum at large scale.
A Scrum Master should manage multiple Scrum Teams at the same time. the correct option is A and B.
What is Scrum Master?Scrum Master is a facilitator for an Agile development team. They ensure that the team adheres to the processes and practices of the Scrum framework. The Scrum Master helps the team stay focused on its goals, removes impediments to progress, and enables close cooperation across all team functions.
A) A person focusing on the Sprint Backlog of a single Scrum Team is often more productive than that same person working on multiple Scrum Teams at the same time.
B) A well-structured Product Backlog can minimize and often eliminate Development Team members working on multiple Scrum Teams during a Sprint.
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The purpose of "tell me" is all of the following except:
demonstrate the "how"
introduce something new
explain the "why"
set clear expectations
The purpose of "tell me" is to demonstrate the "how", introduce something new, explain the "why", and set clear expectations, but that's all. Because "tell me" is used when asking a question. And answer the "why" question.
The demo comes from the Latin "to prove", meaning "to show by argument or reasoning." To substantiate your point, you need to make a valid claim and provide an example of why you think it is true. A protest can also mean a public demonstration.
The demonstration is defined as demonstrating something by one's own example. An example of a demo is to show someone how to cook a meal. The demonstration is something that is made clear by reasoning, something that is done in action to clarify a situation. A show, on the other hand, means making the other person see something without explicit action.
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to qualify for benefits to begin in most long-term care policies, you must be unable to do how many adl?
To qualify for benefits to begin in most long-term care policies, you must be unable to perform a certain number of Activities of Daily Living (ADLs).
Typically, the requirement is being unable to perform a specified number of ADLs without assistance. The most common number of ADLs used as a qualification criterion is six. These six ADLs include:
Bathing: The ability to wash oneself and maintain personal hygiene.
Dressing: The ability to put on and take off clothing.
Eating: The ability to feed oneself.
Transferring: The ability to move in and out of a bed, chair, or wheelchair.
Toileting: The ability to use the toilet and maintain personal hygiene.
Continence: The ability to control bladder and bowel functions.
If an individual is unable to perform a specified number of these ADLs, they may qualify for benefits under their long-term care policy. The specific requirements may vary depending on the terms and conditions of the policy. It's important to review the policy details and consult with the insurance provider for accurate information on qualification criteria for benefits.
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If $500 is placed in a savings account paying 10 percent per year compounded annually, what will the account balance be at the end of the year?
a.$550
b.552.36
c.$505
d.$600
Answer:
b
Explanation:
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Briefly explain the normalization process. Explain why the
highest normal form not always the best solution?
Answer:
Normalization is the process of removing non-recurring expenses or revenue from a financial metric.
In the highest normal forms, the performance degrades hence they are not always the best solution.
Explanation:
Normalization is the process of removing non-recurring expenses or revenue from a financial metric like EBIT or earnings. Once earnings have been normalized, the number which remains off represents a future earning capacity that a buyer would expect from the business.
In the highest normal forms, the performance degrades. Careless data decomposition often leads to data loss. Even to decompose into higher normalization forms, it is a time-consuming process. There are more tables to join, the need to join these tables increases and the task becomes more tedious. It even makes the database harder to interpret as well.
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in may, pasta disasta, inc. paid its suppliers $500 that it owed for the pizza pans purchased and received in april. which accounts are affected? (check all that apply.)
In a situation where pasta disasta, inc. paid its suppliers $500 in the month of May that it owed for the pizza pans purchased and received in April, Cash in hand and bills payable accounts are affected. Therefore, the options B and C hold true.
What is the significance of affected accounts?The affected accounts can be referred to or considered as the accounts that have a debit or a credit effect upon the occurrence of a financial transaction in a business organization during an accounting period.
When payments for good bought on credit are made, it reduces the liabilities of the firm under bills payable heads, and also leads to a decrease in the assets under cash balances.
Therefore, the options B and C hold true and state regarding the significance of affected accounts.
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The missing options to the incomplete question have been added below.
in may, pasta disasta, inc. paid its suppliers $500 that it owed for the pizza pans purchased and received in april. which accounts are affected? (check all that apply.)
A. Stockholder's equity
B. Bills payable
C. Cash in hand
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Answer:
huh?
Explanation:
XYZ Company had sales of $240,000 during the year 2020 , all on account. It closes its books on December 31 each year. Accounts receivable for the year grew from $50,000 on January 1 to $110,000 on December 31. Expenses for the year were $170,000, all paid in cash. Required: a. Compute XYZ's net income on the cash basis of accounting (show your workings).
b. Compute XYZ's net income on the accrual basis of accounting. c. Comment which basis of accounting from the above gives a better measure of XYZ's performance for the year ended December 31,2020 . Why? Guidelines for students: 1. "Gives a better measure" above refers to "decision relevance" of financial accounting information. 2. To complete the answer to this question, students are suggested to figure out the cash collections based on the information given in the question.
3. Hint: focus your attention on accounts receivable ledger movement. 4. Please use point-form to explain your ideas for c. above.
Accrual basis provides a better measure of XYZ's performance as it recognizes revenues and expenses when earned or incurred, giving a more comprehensive representation than the cash basis.
a. To compute XYZ's net income on the cash basis of accounting:
- Cash collections from accounts receivable: $110,000 (Ending Accounts Receivable) - $50,000 (Beginning Accounts Receivable) = $60,000
- Net income on the cash basis: Sales - Expenses = $240,000 - $170,000 = $70,000
b. To compute XYZ's net income on the accrual basis of accounting:
- Net income on the accrual basis: Sales - Expenses = $240,000 - $170,000 = $70,000
c. Comment on the basis of accounting that gives a better measure of XYZ's performance for the year ended December 31, 2020:
- The accrual basis of accounting provides a better measure of XYZ's performance for the year.
- The accrual basis recognizes revenues when they are earned and expenses when they are incurred, regardless of the cash flow. This method provides a more comprehensive and accurate representation of the company's financial performance.
- The cash basis, on the other hand, only considers cash inflows and outflows, which may not reflect the actual economic activity during the period. It doesn't capture credit sales, accounts receivable, or other non-cash transactions.
- By using the accrual basis, XYZ can assess its profitability and financial health more accurately, making it a more decision-relevant measure for investors, creditors, and other stakeholders.
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