Carver, Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning:
Units in process 700
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
Units started into production during the month 23,000
Work in process, ending:
Units in process 200
Percent complete with respect to materials 80%
Percent complete with respect to conversion 40%
Required:
Using the weighted-average method, what are the equivalent units of productions for materials and for conversion cost?
Answers
Answer:
Equivalents units of production for materials: 23500 + (200×80%) = 23660
Equivalents units of production for conversion: 23500 + (200×40%) = 23580
Explanation:
Find the given attachment
Related Questions
What will happen in the market for wine if the price of cheese increases (wine and cheese are complements)?
Answers
If wine and cheese are complement goods, when the price of cheese increases, the demand for wine would decrease.
What are complement goods?Complement goods are goods that are consumed together. An example of complement goods are bread and jam.
According to economic theory, there is an inverse relationship between price and the quantity demanded. When the price of one of the complement good increases, it would become more expensive to consume the good. Thus, there would be a decrease in demand for that good. As a result of the decrease in quantity demanded, there would b a decrease in demand of the other complement good.
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Q. Which investor type most likely uses a family office to manage their investments?
A. Retail investors
B. Endowment funds
C. Ultra-high-net-worth investors
Answers
Answer:
The best answer would be C. Ultra-high-net-worth investors. Can I get brainliest
Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
Answers
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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If you wish to receive R57145 in two years time and you can earn an interest rate of 8% per annum compounded annually how much in rands (no cents) should you invest today?
Answers
You should invest R57145 in rands today. Interest is the fee paid for having access to borrowed funds.
While the interest rate used to compute interest is often reported as an annual percentage rate (APR), interest expense or revenue is frequently expressed as a dollar figure. The compensation a lender or financial organization receives for giving out money is called interest. The percentage of a stockholder's ownership in a corporation that is also referred to as interest.
The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may charge interest to borrowers for using their funds, or borrowers may charge interest to lenders for using their funds.
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In our newly networked world, reading is:
A. the taking in of words.
B. a comment
c. a conversation,
D. only about producing words.
Answers
Answer:c
Explanation:
Monica is working the front desk checking in patients. A parent brings in her daughter to be seen for an upset stomach. When Monica asks for her if anything has changed with her insurance, the parent asks that a bill be sent to her father instead of billing the insurance. Discuss the procedure for handling the parent’s request.
Answers
The procedure for handling the parent’s request is to call the insurance company first to enquire if you they've am active insurance and if they don't, the bill can be sent to the father.
What is insurance about?Most people have insurance, whether it is for their car, their home, or even their life. Simply put, insurance is a contract, represented by a policy, under which a policyholder receives financial protection or reimbursement from an insurance company in the event of a loss. The company pooled the risks of its clients in order to make payments more affordable for the insured.
Insurance policies are used to protect against the risk of large and small financial losses resulting from damage to the insured or their property, or from liability for damage or injury caused to a third party.
Monica is checking in patients at the front desk. A mother brings her daughter in for treatment of an upset stomach. When Monica inquires about any changes to her insurance, her parent requests that a bill be sent to her father rather than billing the insurance.
In this case, if they have an active insurance, the insurance company will take charge of the payment.
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What is integrated marketing communications, and why is it becoming increasingly
accepted?
Answers
By integrating all aspects of marketing communication, such as advertising, public relations, and social media, integrated marketing provides a user-friendly and customer-centered experience. It implies that your message ought to have a consistent appearance, tone, and feel across all of your channels.
What exactly is IMC) or integrated marketing communication? Why include?The process of making a brand's messaging consistent across all of the media it uses to reach its target audience is known as integrated marketing communications (IMC). It is a strategic strategy that directs all marketing channels' communication and strategies.
What is the purpose of implementing integrated marketing communications?Integrated Marketing Communications (IMC) is a term that was first used in 1989 to describe the need to concentrate advertising efforts across multiple promotional strategies. Businesses found that each brand message actually bolstered the others by integrating communications across multiple marketing platforms.
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Why do you want become entrepreneur
Answers
Answer:
It earn a living.
Explanation:
hope that will help you
what is large office
Answers
Answer:
Large office is big organisations with many clerical workers.
I hope it will help you ((:
Zion’s uncle, a project manager, who works for a variety of companies managing people and projects that have specific deadlines, could best be described as a(n)
Answers
Zion's uncle, who works as a project manager for a variety of companies managing people and projects with specific deadlines, could best be described as a "contract project manager" or a "freelance project manager."
As a contract project manager, Zion's uncle operates on a project-by-project basis, providing his project management expertise to different companies or clients. He is hired for a specific duration or scope of work and is responsible for overseeing the planning, execution, and successful completion of projects within the given deadlines.
Being a contract project manager allows Zion's uncle to work with different companies, industries, and project types, providing flexibility and exposure to various challenges and opportunities. He is likely skilled in project management methodologies, communication, coordination, and leadership, enabling him to effectively manage teams and deliver projects on time.
The nature of his work, involving specific deadlines and managing people across different projects, suggests that he operates in a dynamic and results-oriented environment, where meeting project milestones and achieving deliverables within set timeframes are critical.
Overall, Zion's uncle's role as a project manager who works on multiple projects with specific deadlines aligns with the description of a contract or freelance project manager.
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How can organizations use flexibility to utilize human talent in the pursuit of achieving strategic goals?
Answers
Flexibility in the workplace may assist long-term strategic corporate goals, such as cost savings from decreased turnover, absenteeism, and workplace accidents. Some forms of flexibility, like telework, allow for continuous work to continue through inclement weather, the flu season, or other obstacles.
People perform better because flexibility grants them autonomy, freedom, and balance. Higher productivity, loyalty, and satisfied workers are the results. Employees strategic may choose to have a compacted workweek or choose their own hours, shifts, and break periods (i.e., working full-time in four days instead of five). Adaptable hours. When necessary, employees might reduce hours or convert to a part-time schedule.
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Match the terms to their definition.
1. 529 plan
2. savings bond
3. termi
4. treasury bills
5. Treasury Inflation-Protected Securities
6. treasury notes
7. U.S. Department of Treasury
T-bills; a savings product sold by
the US Treasury department at a
discount from their face value and range
in terms from a few days to six months
a savings product that pays interest
twice per year and provides protection
against inflation
T-notes; a savings product that
pays interest every six months and is
issued in terms of two, three, five, and
ten years
an executive department of the
United States government whose
purpose is to manage the government's
money
a set period of time
a savings product or certificate
issued by the U.S. government with
values ranging from $50 to $10,000
a saving plan for education
designed to help set aside funds to pay
for future college costs
Answers
1. 529 plan- a saving plan for education designed to help set aside funds to pay for future college costs.
2. Savings bond- a savings product or certificate issued by the U.S. government with values ranging from $50 to $10,000.
4. Treasury bills- Treasury bills are short-term savings products that are sold by the Treasury department at a discount from their face value.
5. Treasury Inflation-Protected Securities- a savings product that pays interesttwice per year and provides protection against inflation.
6. Treasury notes- a savings product that pays interest every six months and is issued in terms of two, three, five, anN ten years.
7.U.S. Department of Treasury- an executive department of the United States government whose purpose is to manage the government's .money
The U.S. Department of Treasury is an executive department of the United States government that manages the government's money. It is responsible for a variety of financial functions, including collecting taxes, managing the federal budget, and printing and minting money. One of the ways that the Treasury department raises money is by issuing various savings products, including savings bonds, Treasury bills, Treasury notes, and Treasury Inflation-Protected Securities (TIPS).
Savings bonds are certificates issued by the U.S. government that range in value from $50 to $10,000. They pay interest twice per year and are a safe, low-risk investment option. Treasury bills are short-term savings products that are sold by the Treasury department at a discount from their face value. They have terms ranging from a few days to six months and are also considered a low-risk investment option. Treasury notes are longer-term savings products that pay interest every six months and are issued in terms of two, three, five, and ten years. They are also considered a low-risk investment option.
Finally, Treasury Inflation-Protected Securities (TIPS) are a type of savings product that provides protection against inflation. They pay interest twice per year and the principal value of the investment is adjusted based on changes in the Consumer Price Index (CPI). TIPS are a good option for investors who are concerned about the impact of inflation on their investments.
One additional savings option offered by the Treasury department is the 529 plan, which is a saving plan for education designed to help set aside funds to pay for future college costs. These plans are administered by state agencies and are named after Section 529 of the Internal Revenue Code. The plans offer tax advantages to help encourage families to save for education expenses.
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Horace Company manufactures a professional-grade vacuum cleaner and began operations in 2020. For 2020, Horace budgeted to produce and sell 25,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are as follows:_______.
Data: Units produced 21,000 Units sold 18,500 Selling price $432 Variable cost: Manufacturing cost per unit produced: Direct materials $33 Direct manufacturing labor $23 Manufacturing Overhead $62 Marketing cost per unit sold $46 Fixed cost: Manufacturing costs $1,550,000 Administrative costs $906,000 Marketing costs $1,479,000
Requirements:
1. Prepare a 2020 income statement for Horace Company using variable costing.
2. Prepare a 2020 income statement for Horace Company using absorption costing.
3. Explain the differences in operating incomes obtained in requirements 1 and 2.
4. Horace's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Horace management make to improve such aplan? Explain briefly.
Answers
Answer:
Horace Company
1. 2020 Income Statement using variable costing
Sales revenue $7,992,000
Variable Cost of goods sold:
Manufacturing costs $2,183,000
Marketing cost per unit sold $851,000
Contribution margin $4,958,000
Fixed Costs:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
Net income = $1,023,000
2. 2020 Income Statement using absorption costing:
2. Sales revenue $7,992,000
Cost of goods sold:
Variable Manufacturing costs $2,478,000 ($118 * 21,000)
Fixed Manufacturing costs 1,550,000
Total cost of production $4,028,000
Less Ending Inventory 479,525
Cost of goods sold $3,548,475
Gross profit $4,443,525
Period costs:
Variable marketing costs $851,000
Fixed marketing costs 1,479,000
Administrative costs 906,000
Total period costs $3,236,000
Net income $1,207,525
3. The differences that Horace obtains in the operating incomes under variable costing and absorption costing are due to the fixed manufacturing costs that are included in the ending inventory under absorption costing, making the cost of goods sold to be less and resulting in more profits. Under variable costing, the ending inventory does not include the fixed manufacturing costs. So the cost of goods sold is higher, resulting in reduced profits.
4. A bonus for Horace's supervisors based on gross margin under absorption costing will entice supervisors to produce more and sell less products so that the fixed costs can be carried forward. Many products will be left in inventory at the end of the period, which is then carried forward to the following period, thus, enhancing the period's gross profit for maximum bonus for the supervisors.
Modifications that Horace management could make to improve the bonus plan is ensuring that production units do not exceed the budgeted sales units by a large margin and ensuring that ending inventory does not exceed an established limit. This will entice the supervisors to produce according to market demand.
Explanation:
a) Data and Calculations:
Budgeted production and sales units for 2020 = 25,000
Actual production units for 2020 = 21,000
Actual sales unit for 2020 = 18,500
Ending inventory units for 2020 = 2,500
Selling price per unit = $432
Sales revenue = $7,992,000 ($432 * 18,500)
Variable cost:
Manufacturing cost per unit produced:
Direct materials $33
Direct manufacturing labor $23
Manufacturing Overhead $62 $118
Marketing cost per unit sold $46
Total variable costs per unit $164
Fixed cost:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
1. 2020 Income Statement using variable costing
Sales revenue $7,992,000 ($432 * 18,500)
Variable Cost of goods sold:
Manufacturing costs $2,183,000 ($118 * 18,500)
Marketing cost per unit sold $851,000 ($46 * 18,500)
Contribution margin $4,958,000 ($268 * 18,500)
Fixed Costs:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
Net income = $1,023,000
2. Sales revenue $7,992,000
Cost of goods sold:
Variable Manufacturing costs $2,478,000 ($118 * 21,000)
Fixed Manufacturing costs 1,550,000
Total cost of production $4,028,000 (per unit = $191.81)
Less Ending Inventory 479,525 ($191.81 * 2,500)
Cost of goods sold $3,548,475
Gross profit $4,443,525
Period costs:
Variable marketing costs $851,000
Fixed marketing costs 1,479,000
Administrative costs 906,000
Total period costs $3,236,000
Net income $1,207,525
Why does the United States have an advantage over other countries in producing many different products for export?
Consumption greater than production
Abundance of natural resources
Lowest unemployment rate
Mandatory education
Answers
The United States has several advantages that contribute to its ability to produce and export a wide range of products. While the factors involved are complex and interconnected, here are some key reasons:
Advanced Industrial Base: The United States has a highly developed and technologically advanced industrial base. It has a long history of innovation, research and development, and investment in advanced manufacturing techniques. This allows American companies to produce a diverse range of high-quality goods efficiently and at competitive prices.
Skilled Workforce: The United States has a well-educated and skilled workforce. Its emphasis on education, particularly in science, technology, engineering, and mathematics (STEM) fields, helps develop a pool of talented workers who can contribute to various industries. This skilled labor force enables the production of complex and sophisticated products.
Technological Leadership: The U.S. is known for its technological leadership in many sectors. The country has a strong presence in industries such as aerospace, information technology, biotechnology, pharmaceuticals, and more. This technological edge allows American companies to develop and manufacture cutting-edge products that have a global demand.
Access to Capital: The United States has a robust financial system and access to substantial capital. This availability of funding supports research and development, innovation, and investment in production capabilities. It allows companies to expand their operations, develop new products, and improve existing ones, giving them a competitive advantage in the global market.
Large Domestic Market: The United States has a sizable domestic market, which provides a significant incentive for companies to produce a wide range of goods. A large market size allows for economies of scale, which can lead to cost efficiencies and improved competitiveness. Moreover, serving a diverse domestic market helps companies gain valuable insights and refine their products before venturing into international markets.
Infrastructure: The United States has a well-developed infrastructure, including transportation networks, communication systems, and logistics capabilities. Efficient infrastructure enables the smooth movement of goods within the country and facilitates export activities.
Natural Resources: While not all products require abundant natural resources, the United States possesses diverse natural resources, including agricultural resources, minerals, energy sources, and more. Access to these resources can be advantageous in sectors such as agriculture, energy, and manufacturing, enabling the production of various goods.
Intellectual Property Protection: The United States has a strong legal framework for intellectual property protection. This fosters innovation and encourages companies to invest in research and development, as they have confidence that their inventions and creations will be safeguarded. Intellectual property protection enhances the competitiveness of American companies in the global marketplace.
It's important to note that while the United States has advantages in certain areas, other countries also have their unique strengths and specialization in specific industries. International trade is a dynamic and complex system where countries can benefit from comparative advantages, specialization, and global supply chains.
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
Answers
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Mark wants to add a splash of color to his suit with a new pocket square. He finds that the blue and the teal pocket squares match his suit well.
He flips his business card to decide on a color. To see if the card is a fair model, he flips the card 50 times and records the results in the table.
Which statement is true based on the results in the table?
O A. The two outcomes are equally likely because their relative frequencies are similar.
OB. The two outcomes are not equally likely because 38 is not a multiple of 12.
C. The two outcomes are equally likely because the relative frequency of the card landing faceup is higher than the relative
frequency of the card landing facedown.
OD
The two outcomes are not equally likely because their relative frequencies are significantly different.
Reset
Next
Answers
Answer:
d
Explanation:
Answer: I believe it is D tell me if im wrong
This is a promotion for a brand of ketchup. Investigate the positioning strategy that best explains the cognitive values. Select the correct option. Select one: a. The positioning of the bite mark enhances the message 'No sin'. b. The positioning of the red image in the center helps it stay longer in memory. c. The positioning of the logo in white space attracts atten
Answers
Answer:
a. The positioning of the bite mark enhances the message 'No sin'.
Explanation:
Based on the popular story of Adam and Eve in the garden of Eden, where the two was said to have sinned against God, by eating or biting from the forbbiden fruit.
Thus, in this case, with the promotion for a brand of ketchup showing a part of the fruit that was bitten, is trying to link the popular Adam and Eve story to the picture, such that people or audience can easily remember the promotion and that biting or eating from the ketchup is not a sin.
Hence, positioning strategy that best explains the cognitive values is that, the positioning of the bite mark enhances the message 'No sin'.
What resources are required to have a successful business?
Answers
Answer:
work nice be success in your life I don't know answer
Answer:
Labour - Finances - Time...
Explanation:
That is a very good question.
To start off, it is useful to understand what are resources.
Resources are assets that are required for you to function. (e.g. money)
In a business there are many resources that you need to function.
Think off owning a bookshop. Ask yourself, what do I need?
I need money, I need a place to display my books, I need books, I need people... These are resources you need to be successful.
Now, going back to my above answer: Labour, finances and time. These are a few resources you need to succeed. You need labour - people - to set up the business, manage the business, serve customers...
You need finances to set up the legalities of starting up a business. You need finances to buy materials, machinery (if it is a production business), stocks...
You need the time to do all of these things.
Lastly, I have purposefully, gave three resources for the answer. For sure there are more, though I want to keep the options you for open to add
as you see necessary. With no doubt the answer is incomplete, but I want to provoke you to right have your answer.
I hope the answer is clear.
For which of the following situations are credit card use be most appropriate?
To purchase a car or home.
For any non-emergency expenditures.
For security when making online purchases.
To help you spend beyond your budget?
Answers
Credit card use is most appropriate for security when making online purchases. Credit cards provide an additional layer of protection against fraudulent transactions when making purchases online, as credit card companies typically offer zero liability for unauthorized purchases. Using a credit card can also help with tracking and disputing fraudulent transactions.
Credit card use is not appropriate for purchasing a car or a home, as these purchases typically require much larger amounts of money and would be better suited for a different type of financing. Using a credit card for non-emergency expenditures can also lead to accumulating high-interest debt and overspending beyond one's budget, which is not a financially responsible practice.
Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock? Bond ?
Plato/edmentum unit 3 finance
Answers
Answer:
Stocks:
closing price maturity rateBonds :
Coupon rate Face valueExplanation:
A stock entitles the holder to dividend payments and gives ownership right of a company to the holder.
The closing price of a stock is the last price that the stock sells for at the end of a trading session
A bond is a debt instrument.
Derik was fired from his job at the grocery store. The grocery store told him that the reason he was fired was because of his multiple nose and facial piercings. Derik had the piercings done to show his support for an outspoken political activist who is fighting for social justice.
Answers
Incomplete question. The full question read;
Is this prohibited discrimination under the Alberta Human Rights Act?
1) Yes: the prohibited ground would be race, and the prohibited area would be employment.
2) Yes: the prohibited area would be expression, and the prohibited ground would be employment.
3) No: the prohibited area is employment, but there is no prohibited ground.
4) Yes: Derik's freedom of expression is directly involved.
Answer:
1) Yes: the prohibited ground would be race, and the prohibited area would be employment.
Explanation:
The Alberta Human Rights Act prohibits discrimination in a company's employment practices. In other words, the Alberta Act covers discrimination in the area of employment.
Also, the prohibited ground would be race, since the very practice of having multiple nose and facial piercings is usually done among a particular race.
the common sources of secondary data in tourism research are
Answers
Explanation:
Secondary data sources, such as industry statistics, surveys/censuses, and big data indicators, cover a wide array of topics that can be leveraged in tourism research..
pls Mark brainliest if it was helpfull
PLEASE HELP!!!!!!!!!!
Methods that can be used to increase document readability include _____.
1. columns
2. more special effects
3. boxes
4. shorter lines
5. longer lines
6. contrast
7. lots of white space
Rules answering this question:
⇒ It should be possible to select more than one answer.
⇒ Explain your answer!
⇒ Nonsense answer will be reported.
⇒ Incorrect answer will be reported.
Thanks!
Answers
Methods that can be used to increase document readability include is adjust space between column add contrast.
Requirements vary by document type and include standards for resolution, color and file format, as well as minimum metadata that needs to be clear when scanning.
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What action should a project manager take to ensure effective project governance?
Answers
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
Write down three key takeaways from the home-buying process in the space below.
Answers
The three takes aways from the home-buying process are, before going house searching,
research the housing market and be pre-approved for a mortgage.Engage the services of a competent real estate agent to walk you through the process and bargain on your behalf.Before closing, do a comprehensive house inspection to discover any potential concerns or needed repairs.What is the Home-Buying Process?Purchasing a house entails locating a suitable property, obtaining financing, making an offer, obtaining a home inspection, and finalizing the transaction.
If you can't afford a large down payment, national and state first-time buyer programs may be helpful. It's critical to maintain your property and save money once you've moved in.
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business studies grd 12 presentation on business environment
Answers
The business environment is the set of internal and external factors that affect the operations and success of a business. It includes factors such as economic conditions, political and legal systems, technological advancements, social and cultural factors, and competitive forces.
Understanding the business environment is important for businesses because it enables them to identify opportunities and threats that may impact their operations.
Businesses can then use this information to make informed decisions about their strategies and plans.
For example, a business operating in a highly competitive market may need to focus on product differentiation or cost reduction strategies to stay competitive.
Similarly, a business operating in an unstable economic environment may need to adjust its pricing or marketing strategies to remain viable.
In summary, the business environment is a complex and dynamic system that affects businesses in various ways, and understanding it is critical for success in the business world.
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Computerized accounting systems a. Improve the timeliness of reporting b. Prevent all journalizing errors c. Are only used in medium and large businesses d. Provide a tedious form of record keeping
Answers
Answer:
I believe its C
Explanation:
jane found classified information in breakroom. What is first action
Answers
Answer:
Secure the information in a GSA-approved security container
Do you think people tailor their behavior to suit those in power more than they admit?
Answers
Answer:
yes, of course they do
Explanation:
people will always tailor their behavior wether it's against them or for them, depending on how they feel they will act a certain way
Regardless of whether something is working in their favor or against them, people will always adjust their conduct to suit their feelings.
People tailor their behavior to suit those in power more than they admit?I concur that most people behave differently in front of influential people. They modify their actions to suit those in positions of authority. In front of influential individuals, they also refuse to acknowledge the full amount of their subordination.
From a different angle, we must recognize that those in positions of authority do so for a cause. They are required to keep society working properly and in order. Because our supervisors have coercive power over us in addition to their position, we typically perform tasks at work according to their requirements and in their preferred style.
Therefore, If we don't change our conduct to fit their needs, we risk losing our jobs. In other cases, something else that we see as being important to us might take the place of the work. The source is driven into submission or obedience by the fear of losing that "Something."
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Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Y1 $75,000
Y2 15,000
Y3 112,500
Determine the dividends per share for preferred and common stock for each year. The stock outstanding when a corporation has issued only one class of stock.common stock for each year.
Preferred Stock Common Stock
(dividend per share) (dividend per share)
Year 1 $ $
Year 2 $ $
Year 3 $ $
Answers
Answer:
Preferred Stock Common Stock
(dividend per share) (dividend per share)
Year 1 $1.50 $0.75
Year 2 $0.60 $0.00
Year 3 $2.40 $1.05
Explanation:
For Year 1:
Total dividend distributed = $75,000
Preferred shareholders' dividend = $50 * 25,000 * 3% = $37,500
Preferred shareholders' dividend per share = $37,500 / 25,000 = $1.50
Common stockholders' dividend = Total dividend distributed - Preferred shareholders' dividend = $75,000 - $37,500 = $37,500
Common stockholders' dividend per share = $37,500 / 50,000 = $0.75
For Year 2:
Total dividend distributed = $15,000
Dividend payable to preferred shareholders = $50 * 25,000 * 3% = $37,500
Dividend paid to preferred shareholders = $15,000
Preferred shareholders' dividend per share = $15,000 / 25,000 = $0.60
Preferred shareholders' dividend carried forward = Dividend payable to preferred shareholders - Total dividend distributed = $37,500 - $15,000 = $22,500
Common stockholders' dividend = $0
Common stockholders' dividend per share = $0
For Year 3:
Total dividend distributed = $112,500
Total dividend paid to preferred shareholders = $37,500 + Preferred shareholders' dividend carried down from Year 2 = $37,500 + $22,500 = $60,000
Preferred shareholders' dividend per share = $60,000 / 25,000 = $2.40
Common stockholders' dividend = Total dividend distributed - Total dividend paid to preferred shareholders = $112,500 - $60,000 = $52,500
Common stockholders' dividend per share = $52,500 / 50,000 = $1.05