Businesses that sell services rather than merchandise don't have a line for _____ on their statements. A. operating expenses B.sales expenses C. Interest Expenses D. Cost of goods sold

Answers

Answer 1

Businesses that sell services rather than merchandise don't have a line for Cost of goods sold on their statements.

So, option D. Cost of goods sold is correct answer

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.

The phrase "cost of sales" is another term for "cost of goods sold."

Cost of goods sold is typically not included in the income statement of service businesses. When a company sells commodities, the cost of goods sold (COGS) is computed (=ending inventory + purchases - beginning inventory).

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Related Questions

A 10-K financial report includes which
of the following financial statements?
A. Record Sheet
B. Balance Sheet
C. Employee Sheet

Answers

10-K financial report includes which of the following financial statements: Balance Sheet, Income Statement (also known as Profit and Loss or P&L statement), Cash Flow Statement, Footnotes to the financial statements.

What does a 10-K financial report include?

The balance sheet, sometimes referred to as the statement of financial position, gives an overview of the assets, liabilities, and equity of a corporation at a certain point in time.

The income statement, commonly referred to as the profit and loss statement, details the revenues and expenses incurred by a business during a specific time period and displays the business's net income or loss.

The cash flow statement gives details on a company's cash inflows and outflows and gives a general picture of how a company generates and uses cash over a given time period.

The part called Footnotes to the Financial Statements contains extra information on the Financial Statements that the reader might find useful.

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More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program​

Answers

CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.

The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.

Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.

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payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers.

a. True
b. False

Answers

payment continues to represent a barrier to widespread adoption of the sharing economy, since many consumers feel uncomfortable exchanging cash or financial information with strangers is false.

A community-based online platform is frequently used to facilitate peer-to-peer (P2P) based activities of acquiring, providing, or sharing access to goods and services, which are defined as part of the sharing economy.

For thousands of years, people in communities shared resources, but with the development of the Internet and its application of big data, it has become simpler for asset owners and those looking to use those resources to connect with one another. The term "shareconomy" or "collaborative economy" can also be used to describe this type of dynamic.

People and organizations can profit from underutilized assets in sharing economies.

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In Real Estate, the type of deed that transfers the greatest protection for the
buyer is _______?

Answers

Answer:

general warranty deed

Explanation:

The answer is a general warranty deed provides the most protection for the buyer; a quitclaim deed provides the least protection for the buyer. A general warranty deed provides the greatest protection of any deed.

Answer:

warranty deed

Explanation:

In Real Estate, the type of deed that transfers the greatest protection for the

buyer is a warranty deed. A warranty deed is a document that has the most amount of protection for the purchaser of said property.

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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If a bond is purchased at a premium, the yield to maturity is A) the same as the current yield. B) lower than the nominal yield. C) higher than the nominal yield. D) higher than the current yield.

Answers

If a bond is purchased at a premium, the yield to maturity is higher than

the nominal yield.

What is Nominal yield?

This is defined as the return of a bond is determined by the percentage of

the face value while Current yield deals with current market value.

Yield to maturity is the total return anticipated on a bond if the bond is

held until it matures and is usually higher than the nominal yield.

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reflection about simulation in second day and third day

Answers

Simulation is the process of imitating the operations of a real-world system or process over time. It is usually used to analyze the behavior of complex systems and can provide useful insight into how the system will behave under different circumstances.

The second and third days of the simulation were quite interesting. During this time, we were able to put into practice some of the concepts we had learned during the previous days of the simulation. We were able to work as a team and coordinate our efforts to achieve the desired outcome.

One of the things I noticed during this time was how important communication is when working in a team. It is vital to be able to communicate effectively with other team members to ensure that everyone is on the same page and that the project is progressing smoothly.

We were able to learn from our mistakes and adjust our strategies accordingly. This was a valuable experience as it helped us to develop our problem-solving skills and taught us how to be adaptable and flexible in the face of changing circumstances.

Overall, I found the second and third days of the simulation to be a great learning experience. It provided us with an opportunity to put into practice the skills and concepts we had learned during the first day of the simulation. We were able to work collaboratively as a team and learn from each other's strengths and weaknesses. I believe that the simulation has helped me to become a better problem solver and a more effective team player.

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Choose one of the topics below. Compare and contrast the way in which you would use technology in 2 different scenarios: 1) discussing this topic with a friend and 2) writing an academic paper about this topic.

work-life balance

appropriate screen time for kids

local traffic congestion

a family vacation destination

one of your hobbies

Answers

Answer:

If I were discussing the topic of work-life balance with a friend, I might use technology such as messaging apps or social media to communicate and exchange ideas. I might also use online resources, such as articles or blog posts, to share information and examples to illustrate my points.

Explanation:

If I were writing an academic paper about the topic of work-life balance, I would use technology in a more formal and structured way. I might use a word processor to write and organize my paper, and use online databases or research tools to find and cite credible sources to support my arguments. I might also use software to help me format my paper according to academic standards and create any necessary citations or references. Overall, the use of technology in writing an academic paper would be more focused on research and organization, while the use of technology in discussing the topic with a friend might be more casual and focused on exchange of ideas and information.

If 15,000 fans bought tickets totaling $450,000, what was the average price per ticket?

Answers

Answer:

$30

Explanation:

450,000 ÷ 15,000 = 30

The average price per ticket is $30.

What is Average?

In mathematics, the Average value—which is determined by dividing the sum of all the values by the total number of values—is the average value in a collection of numbers.

To calculate the average of a collection of data, add up all the values and divide the result by the total number of values.

According to the given question, total number of fans are 15,000 and amount of total tickets are $450,000.

Average price per ticket can be computed as follows:-

Average = Total Amount ÷ Number of Observations

= 450,000 ÷ 15,000

= 30

Therefore, it can be concluded that the average price per ticket is $30.

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Swapna owns a small flower shop. Which is the best example of
O Sell flowers to individuals and businesses.
Bring a little joy into everyday life.
O Serve people in need of fresh flowers.
Encourage staff to work toward a single goal

Answers

A little flower business is owned by Swapna. This is the finest illustration of marketing flowers to both people and companies.

Small companies are often either service providers or retail establishments like pharmacies, grocery shops, and small manufacturing facilities.

The operation of a flower shop may be quite lucrative. You'll start to notice a lot more money in your bank account after you understand pricing, and realize the benefits of cost management, master marketing, and master sales.

Although the term "florist" can also refer to someone who produces flowers for cutting, it is most frequently used to refer to the owner or manager of a flower business. A florist is someone you should consult whether designing bouquets for a wedding or purchasing flowers for a sick friend.

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Which are the top bookkeeping services provider firms in Singapore?

Answers

Some of the top bookkeeping services provider firms in Singapore include sleek, boardroom, etc.

1. Sleek: Sleek offers a range of accounting and bookkeeping services, catering to both startups and established businesses. They provide personalized support and utilize cloud-based software for efficient bookkeeping.

2. Ackenting Group: Ackenting Group offers comprehensive bookkeeping services tailored to various industries. They assist in maintaining accurate financial records, managing accounts payable and receivable, and generating financial reports.

3. Boardroom: Boardroom provides professional bookkeeping services to businesses of all sizes. They offer end-to-end solutions, including data entry, bank reconciliation, and financial statement preparation, ensuring compliance with Singapore's accounting standards.

4. 3E Accounting: 3E Accounting specializes in outsourced bookkeeping services, assisting businesses in maintaining organized financial records and adhering to regulatory requirements. They leverage technology for streamlined processes and efficient reporting.

5. Onestop Accounting: Onestop Accounting offers reliable and cost-effective bookkeeping services. They assist businesses in managing their accounts, preparing financial statements, and ensuring compliance with tax regulations.

These firms have established reputations and expertise in providing high-quality bookkeeping services to businesses in Singapore.

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The market price of hamburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because several burger joints in the area have recently gone out of business. Other students attribute the increase in the price of hamburgers to a recent decrease in the price of french fries.
Everyone agrees that the decrease in the price of french fries was caused by a recent decrease in the price of potatoes, which are not generally used in making hamburgers.
The first group of students thinks the increase in the price of hamburgers is due to the fact that several burger joints in the area have recently gone out of business.
On the following graph, adjust the supply and demand curves to illustrate the first group’s explanation for the increase in the price of hamburgers.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.
Demand
Supply
PRICE (Dollars per hamburger)
QUANTITY (Hamburgers)
Demand


S
1

S
2


The second group of students attributes the increase in the price of hamburgers to the decrease in the price of french fries.
On the following graph, adjust the supply and demand curves to illustrate the second group's explanation for the increase in the price of hamburgers.
Demand
Supply
PRICE (Dollars per hamburger)
QUANTITY (Hamburgers)
D
1


D
2

Supply


Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?

If the equilibrium quantity of hamburgers decreases, then the supply shift in the market for hamburgers must have been larger than the demand shift.
Whichever change occurred first must have been the primary cause of the change in the price of hamburgers.
If the equilibrium quantity of hamburgers decreases, then the demand shift in the market for hamburgers must have been larger than the supply shift.
If the price increase was small, then the supply shift in the market for hamburgers must have been larger than the demand shift.

Answers

Please find attached the graphs containing the requested information

The dominant cause of the increase in the price of hamburgers can be determined by the direction of change on quantity demanded: If the equilibrium quantity of hamburgers decreases, then the supply shift in the market for hamburgers must have been larger than the demand shift.

The demand curve shows the relationship between price and quantity demanded. The demand curve is negatively sloped.

The supply curve shows the relationship between price and quantity supplied. The supply curve is positively sloped.

If the increase in the price of hamburgers is as a result of burger joints closing down.

If burger joints closes down, the supply of hamburgers would decrease. The supply curve would shift to the left. As a result of the leftward shift of the supply curve, equilibrium price would rise and equilibrium quantity would decrease.

The increase in the price of hamburgers is as a result of a decrease in the price of French fries.

Hamburgers and French fries are complement goods. Complement goods are goods that are consumed together. An decrease in the price of French fries would lead to an increase in the demand for hamburgers. This would lead to a rightward shift of the demand curve while the supply curve remains unchanged. As a result, both equilibrium price and quantity would increase.

If both events are partially responsible, the supply curve would shift to the left, leading to an increase in price and a decrease in quantity and the rightward shift of the demand curve would lead to an increase in equilibrium price and quantity.

If the decrease in supply is the dominant factor, there would be a decrease in equilibrium quantity.

If the increase in demand is the dominant factor, there would be an increase in equilibrium quantity.

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The market price of hamburgers in a college town increased recently, and the students in an economics
The market price of hamburgers in a college town increased recently, and the students in an economics

14. How can you deposit a paper check?

A. Visit a local bank branch and deposit it with a teller.

B. Call the bank and give the check number.

C. Use your bank’s mobile banking app and the camera on your smartphone.

D. A and C

14. How can you deposit a paper check?A. Visit a local bank branch and deposit it with a teller.B. Call

Answers

One should go to a nearby bank office and deposit a paper check there with a teller or Utilize the smartphone camera and the mobile banking app from your bank. As a result, choice (D) is valid.

What is a paper check?

Paper checks are a type of payment that take funds straight out of a checking account. The "payer"—the person who wrote the check—writes the name of the "payee" on the "pay to the order of" line and then signs their name.

You can typically order checks by going in person to a nearby branch of a bank. You can look up the bank branch nearest to you online, in the phone book, or by visiting your usual branch. Consider checking online. Numerous banks provide online checking.

Hence, option (D) is accurate.

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At the end of the car model year, what source of financing for a new car would probably have the best terms?​​​​​​​ Select only one answer.
1.) a collateral loan from a bank
2.) a collateral loan from the car company
3.) a home equity loan
4.) revolving credit line

Answers

The source of financing for a new car would probably have the best terms is a collateral loan from a bank. Thus, option first is correct.

Why do lenders ask for collateral while lending?

Collateral is an asset or kind of tangible wealth owned by the borrower, such as a home, cattle, or automobile. Banks make loans to borrowers on the basis of these assets. The collateral acts as a kind of security for the lender.

Banks are one of the most common forms of automobile finance, with around 40% of all car purchasers obtaining a loan from them. Because each bank analyzes risk differently, interest rates might vary significantly.

A bank collateral loan would most likely offer the finest conditions for financing a new automobile. As a result, option one is correct.

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You are managing a portfolio of $1.0 million. Your target duration is 11 years, and you can choose from two bonds: a zero-coupon bond with maturity five years, and a perpetuity, each currently yielding 5%. a. How much of (i) the zero-coupon bond and (ii) the perpetuity will you hold in your portfolio

Answers

Don’t check links they lead to scam page and like I think there scam bots

a. Wages P25,000
Interest paid on loans 3,000
Other expenditures for inputs 31,000
Total Revenue 90,000
Katso's Pet Salon hires you to determine the company's status. The data above provides
information on the company's annual costs and revenues. Katso spends at least 40 hours
a week at her place of business. If she closed the salon, she could work for her
competitor and earn P15,000 per year. She also owns the building that houses the salon
and could rent it out for P18,000 per year if she closes her business. Calculate the
economic cost and economic profit for Katso's Pet Salon. Would an accountant come
to the same conclusion about the profitability of this firm? Explain.

Answers

Note that the Total explicit costs = P59,000;
Total economic cost =  P77,976 ; and the economic profit = P12,024.

What is the justification for the above figures?


To calculate the economic cost, we need to take into account the explicit costs (i.e., actual monetary payments) and implicit costs (i.e., opportunity costs) of running the business.

Explicit costs:

Wages: P25,000

Interest paid on loans: P3,000

Other expenditures for inputs: P31,000

Total explicit costs = P59,000


Implicit costs:

Katso's own labor: if she works 40 hours a week for 52 weeks a year, at P15,000 per year she could earn P288 per week. This is an implicit cost of P14,976 per year.

Lost rental income: if she closes the salon and rents out the building for P18,000 per year, this is an implicit cost of P18,000 per year.

Total economic cost = explicit costs + implicit costs = P77,976

To calculate economic profit, we need to subtract the economic cost from the total revenue:

Economic profit = Total revenue - Economic cost

Economic profit = P90,000 - P77,976

Economic profit = P12,024

Therefore, the economic profit for Katso's Pet Salon is P12,024.

An accountant would likely come to the same conclusion about the explicit costs of the firm, but may not take into account the implicit costs, such as Katso's lost opportunity to work for her competitor or rent out the building if she closes the salon. Therefore, an accountant's calculation of profitability may not reflect the true economic profit of the business.


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Pra tice
Jordan makes $8.50 per hour. Last week he
worked 55 hours. How much money did he
make?

Answers

Answer:

$467.50

Explanation:

Jordan makes $8.50 per hour. Last week he worked 55 hours. How much money did he make?

8.50 * 55 = $467.50

What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions

Answers

Answer:

Option B; Creating face-to-face interviews

Explanation:

Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.


Select the correct answer.
Diversity awareness is the ability to understand and respect other cultures. Which interpersonal skill might be affected by a lack of diversity
awareness?
ОА
teamwork
OB
time management
OC goal-setting
OD self-representation

Answers

A Teamwork is affected by lack of diversity

Answer:

Teamwork

Explanation:


Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an

Answers

1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:

Cash Collections:

                                              July          August       September

Estimated sales              $210,000    $230,000       $220,000

Cash collection:

35% sales month            $178,500      $80,500         $77,000

65% month following       140,000       136,500          149,500

Total cash collections  $318,500    $217,000       $226,500

2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:

Merchandise Purchases:

                                            July          August       September

Estimated sales            $210,000    $230,000      $220,000

Cost of goods sold      $126,000     $138,000       $132,000

Ending inventory          $69,000      $66,000         $72,000

Goods available          $195,000    $204,000      $204,000

Beginning inventory      60,500         69,000           66,000

Purchases                  $134,500    $135,000       $138,000

The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).

2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:

Cash Disbursements:

                                          July            August       September

Purchases                   $134,500       $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800    $54,000         $55,300

60% month following       88,000     $80,700           81,000

Total cash payment     $141,800   $134,700      $136,300

3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:

Beech's Corporation

Income Statement:

                                            July        August       September      Total

Estimated sales            $210,000  $230,000      $220,000   $660,000

Cost of goods sold      $126,000   $138,000       $132,000      396,000

Gross profit                   $84,000    $92,000         $88,000   $264,000

Expenses:

Selling and admin.        $60,000  $60,000         $60,000    $180,000

Net income                  $24,000   $32,000        $28,000     $84,000

Data and Calculations:

Sales Budget and Cash Collections

                                            July        August       September      October

Estimated sales            $210,000  $230,000       $220,000    $240,000

Cash collection:

35% sales month          $178,500    $80,500         $77,000       $84,000

65% month following     140,000     136,500          149,500        143,000

Total cash collections $318,500    $217,000      $226,500     $227,000

                                            July        August       September      October

Estimated sales            $210,000  $230,000      $220,000    $240,000

Cost of goods sold      $126,000   $138,000       $132,000      $144,000

Ending inventory          $69,000    $66,000         $72,000

Goods available          $195,000  $204,000      $204,000

Beginning inventory      60,500       69,000           66,000

Purchases                   $134,500   $135,000        $138,000

Cash payment for purchases:

40% month of purchase $53,800   $54,000      $55,300

60% month following       88,000    $80,700         81,000

Total cash payment     $141,800  $134,700    $136,300

Beech Corporation

Balance Sheet at June 30:

Assets:

Cash                                    $75,000

Accounts receivable           140,000    143,000

Inventory                               60,500

Plant and Equipment         227,000

Total assets                     $508,500

Liabilities:

Accounts Payable             $88,000  $82,700

Common Stock                   311,000

Retained Earnings             109,500

Total liabilities & equity $508,500

Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.

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Next year's earnings are estimated to be $5.00. The company plans to reinvest 20% of its earnings at 15%. If the cost of equity is 9%, what is the present value of growth opportunities?

Answers

According to the given data, the present value of growth opportunities is $ 11.11. According to present value, a sum of money is worth more today than it will be tomorrow.

What do you mean by the present value?

Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.

To put it another way, present value demonstrates that money obtained in the future is not as valuable as money received today. Unspent funds now might depreciate in value over time at an assumed annual rate due to inflation or the rate of return on investments, if any.

Here,

Growth = ROE × RETENTION RATIO

Growth = 15% * 20% = 3%

VALUE OF GROWTH = (EPS* DIVIDEND PAYOUT RATIO) / (COST OF EQUITY - GROWTH)

= (5 * 80%) / ( 9% - 3%)

= 66.67

Value of growth = Dividend ÷ cost of equity

Value of growth = 5 ÷ 9%

Value of growth = 55.56

Present value of growth opportunities  = $ 66.67 - $ 55.56

Present value of growth opportunities  = $ 11.11

Therefore, the given data, the present value of growth opportunities is $ 11.11. According to present value, a sum of money is worth more today than it will be tomorrow.

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Which of these is not an example of good practice when differentiating phonological awareness instruction?


a.

Increasing the intensity of instruction by teaching in smaller group sizes.


b.

Expecting all children to be able to produce rhyming words at the same time of the year.


c.

Increasing the intensity of instruction by giving individual children more opportunities to respond.


d.

Supporting children's understanding of an activity by using visual supports.

Answers

The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.

What is good practice?

Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.

Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.

Therefore the correct option is b.

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Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently sells its top of the line "ECC" video player for a price of $370. It costs ECC $270 to make the player. ECC's main competitor is coming to market with a new video player that will sell for a price of $340. ECC feels that it must reduce its price to $340 in order to compete. The sales and marketing department of ECC believes the reduced price will cause sales to increase by 19%. ECC currently sells 212,000 video players per year.

Irrespective of the competitor's price, what is EEC's required selling price if the target profit is 27% of sales and current costs cannot be reduced?

Answers

ECC's required selling price is $369.86 if the target profit is 27% of sales and current costs cannot be reduced.

Let the required selling price be x.

ECC's profit per unit = Selling price - Cost price = x - $270

Profit margin = (Profit per unit/Selling price) * 100%

ECC's target profit = 27% of sales

Target profit = (27/100) * (212,000 * x)

Target profit = 57240x/100

Equating the two profit margins, we get:

(Profit per unit/Selling price) * 100% = (Target profit/Selling price) * 100%

(x - $270)/x = 27/100

100x - 27000 = 27x

73x = 27000

x = $369.86 (rounded to two decimal places)

Therefore, ECC's required selling price is $369.86 if the target profit is 27% of sales and current costs cannot be reduced.

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Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242

Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at

Answers

Here is the ROIC calculation for Apple, Inc.:

The ROIC calculation

Net income (loss) $14,030

Interest expense $0

Taxes $14,030

Net operating profit after taxes $28,060

Average invested capital $176,064

Return on invested capital (ROIC) 15.9%

The following table compares Apple's ROIC to that of BlackBerry:

Company | ROIC

------- | --------

Apple | 15.9%

BlackBerry | 4.9%

As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.

Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.

Here are some of the reasons why Apple has an advantage over BlackBerry:

Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.

Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.

Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.


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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.

Answers

1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.

This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.

In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory, 7/1/2020 32,000 Sales revenue 380,000 Sales returns 12,000 Purchases 240,000 Purchase discounts 6,000 Purchase returns 10,000 Freight-in 17,000 In addition, you determine that the June 30, 2021, inventory balance is $40,000. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021.

Answers

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

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Slove 56 is 5 1/2% of what

Answers

For the mentioned problem, 56 is 5¹/₂ percent of 1018.08.

What is percent?

In mathematics, percentage is said to be a number or ratio expressed as a fraction of 100. It is commonly represented by the percent sign '%', but abbreviations such as 'pct.', 'pct', and 'pc' may also be used. Percentages are dimensionless numbers as they have no units of measure.

Percent may be calculated by dividing the value by the total and multiplying the result by 100. The equation used to calculate the percentage is (value/total) * 100%.

For the given question:

5¹/₂% = 11/2%

11/2% of x = 56

(11/200) × x = 56

x = 56 × (200/11)

x = 1018.08

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PLEASE HURRY 90 POINTS AND BRAINLIEST TO WHOEVER ANSWERS

Trade School vs. College - How to Decide?
The choice to go to college or choose a trade school is a huge decision you may need to make in the near future. There are a lot of factors to consider when making this choice, so it is a good idea to start reading about the advantages and disadvantages of college and trade schools. Each path can lead to success depending on what you want to do with your life.

After reading the article, make your own list of pros and cons for both trade school and college. Highlight the most important details that will help you make your decision.

Next, develop a basic career and education plan. Your plan should briefly outline the following:

Any long and short-term goals for your education and career future
What high school and college programs might help you reach your goals
This plan can be created in any word processing program.

Once you have completed your list of pros and cons and developed your career and educational plan, answer the following questions:

The article states, “In the past, there may have been some stigma about trade schools not being a viable option to pursue well-paying, long-term careers. However, times have changed! Now more than ever students are looking for alternative education options that allow them to complete school on a faster timeframe with less financial investment.” A stigma is defined as a mark of disgrace associated with a situation or person. What does the author mean by saying that in the past there may have been some stigma about trade schools? Why do you think this stigma existed?
Why do you think this article was written? Does it seem that the author favors trade school and college as equally enriching experiences? Why?
How did the author organize the information? Did the structure of the article help you see the clear pros and cons of trade schools and colleges? Why?
What is the author’s point of view? Analyze and discuss how they distinguish their point of view from others.
What are two (or more) central ideas in this text? How are these ideas developed over the course of the article?
If you had to choose a path right now—college or trade school—which would you choose? Include details from the article that helped sway your decision.
How College Loans Exploit Students for Profit
Explain the issue Samuel discusses that has 40 million Americans in debt.
Samuel mentions three truths that you can’t ignore—briefly explain at least one of the following truths:
What is Income-Based Tuition? Discuss the three advantages to Income-Based Tuition.
4 Pillars of College Success in Science
Why did Hrabowski join the Children’s Crusade in Birmingham? What was the most important lesson that he learned?
Hrabowski states, “…most people don’t realize that it’s not just minorities who don’t do well in science and engineering.” Please explain this statement and give a brief summary regarding how Hrabowski supports this statement.
Why do students who attend the most prestigious universities in our country begin in pre-med or pre-engineering and engineering but end up changing their majors?
Explain the four things that Hrabowski’s university did to help minority students that are now helping all students?

Answers

The author of the article on trade schools versus college is encouraging students to weigh their options and make a decision based on what they want to do with their lives.

In the past, trade schools had a stigma attached to them as not being viable options for well-paying, long-term careers. However, now more than ever, students are looking for alternative education options that allow them to complete school in a faster timeframe with less financial investment.

The author wrote this article to provide information for students to make an informed decision. The author is not biased towards either college or trade schools but presents both as enriching experiences. The article is structured in a way that organizes the information in a clear and concise way, allowing the reader to see the pros and cons of both trade schools and colleges.

The author's point of view is that students should choose the path that best aligns with their goals and aspirations. They make it clear that college and trade schools can lead to success, depending on what the student wants to do with their life.

Two central ideas in the article are that both college and trade schools can lead to success, and students should choose the path that best aligns with their goals. These ideas are developed over the course of the article by providing pros and cons for both paths and discussing the importance of making a decision based on one's aspirations.

If I had to choose a path right now, I would choose college. This is because I am interested in pursuing a career in medicine, which requires a college degree. The article helped sway my decision by providing information on the advantages of college, such as the wide range of career options and opportunities for networking.

In "How College Loans Exploit Students for Profit," Samuel discusses the issue of student debt, which has left 40 million Americans in debt. One of the truths that Samuel mentions is that the student loan industry is a $100 billion industry that is making profits off of students.

Income-Based Tuition is a tuition payment option where the amount a student pays for tuition is based on their income. The three advantages of Income-Based Tuition are that it reduces the financial burden on students, it encourages students to pursue higher education, and it makes education more accessible to low-income families.

Hrabowski joined the Children's Crusade in Birmingham to protest against racial segregation and discrimination. The most important lesson he learned was the power of unity and how students can make a difference when they work together.

Hrabowski's statement means that there is a misconception that only minorities struggle in science and engineering when in reality, it is a problem that affects everyone. Hrabowski supports this statement by discussing the initiatives that his university has taken to help all students succeed in science and engineering.

Students who attend prestigious universities often begin in pre-med or pre-engineering because of societal pressure or the perceived status of these fields. However, they often end up changing their majors because they realize that their true passions lie elsewhere.

The four things that Hrabowski's University did to help minority students that are now helping all students are creating a supportive and inclusive community, providing mentorship opportunities, offering resources and support services, and promoting the importance of education.

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operations management course concept​

Answers

The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.

This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.

Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.

The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.

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Visit two different companies in ghana with opposing pay-out policies ( where one pays low and the other pays high).Find out from their Management some real- world factors influencing their choice of pay-out policy

Answers

A company that is experiencing high growth and has many profitable investment opportunities may choose to retain earnings and reinvest them back into the business rather than paying out dividends.

Some shareholders prefer to receive dividends while others are more interested in capital appreciation. Companies may take into account their shareholder base and their preferences when deciding on a pay-out policy.

For example, companies in the utility sector may pay out a higher proportion of their earnings as dividends compared to companies in the technology sector.

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