Answer:
$254,000
Explanation:
First and foremost,the cash of $9,200 collected in respect of debt already written off as uncollectible would not affect the balance in accounts receivable since the debt would reinstated and also taken out of accounts receivable simultaneously.
The change in accounts is the difference between the sales on account of $596,000 and collections in respect of accounts receivable of $342,000
change in accounts receivable=$596,000-$342,000=$254,000
Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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The fact that human wants cannot be fully satisfied with available resources is called the problemof
A)normative economics.
B)who will consume.
C)scarcity.
D)opportunity costs.
E)what to produce
The fact that human wants cannot be fully satisfied with available resources is called the problem of C)scarcity.
What is scarcity in the economy?One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.
Economics is primarily concerned with the issue of scarcity because, despite the fact that human needs and wants are limitless and growing, there are only so many resources that can be used to satisfy them. This prevents humans from completely meeting their wants.
Therefore, option C is correct.
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What is buying and selling?
A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will yield an annual incremental after-tax income of $35,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment.
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims
MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$
To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.
MAKARO SUPERSTORE Balance Sheet As of 31 December, 2022Assets:
Plant and Machinery: $50,000
Debtors: $200,000
Cash: $20,000
Stock: $68,000
Motor Vehicles: $100,000
Bank: $35,000
Land and Building: $120,000
Bills Receivable: $60,000
Total Assets: $653,000
Liabilities:
Creditors: $100,000
Loan: $95,000
Interest on Loan: $3,000
Provision for Doubtful Debts: $7,000
Bills Payable: $20,000
Total Liabilities: $225,000
Equity:
Capital: $30,000
Total Equity: $30,000
Total Liabilities and Equity: $653,000
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Determine the amount of the standard deduction allowed for 2021 in the following independent situations. In each case, assume that the taxpayer is claimed as another person's dependent. Amount of the Standard Deduction
a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars.
b. Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool.
c. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence.
d. Ayla, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets.
e. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting.
The determination of the amount of the standard deduction allowed for 2021 for each independent case is as follows:
a. $12,550.
Curtis earned $12,600 from car repairs in addition to the $700 from CD interest, which totals $13,100. But the amount allowed cannot exceed the standard deduction available in 2021 for single taxpayers.
b. $5,300.
Mattie would be allowed $5,300 ($600 + $4,700) because the amount allowed cannot exceed the earnings.
c. $1,475.
Jason earned $800 plus $675 interest from his savings account.
d. $900.
Ayla earned $500 plus $400 cash dividends.
e. $3,700.
Sarah received $500 from her savings account and earned $3,200 from babysitting.
What is standard deduction?According to the IRS, the standard deduction is the amount that taxpayers who do not itemize their deductions may subtract from their income to arrive at the taxable income. Every taxpayer is given the opportunity to choose to itemize their deductions or the standard deduction.
Thus, for each taxpayer above, the standard deduction for 2021 is compared to the income received, and the lesser amount is chosen.
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According to O*NET, what is the projected growth for this career between 2019–2029?
Answer:
Average
Explanation:
A research survey with outcomes being defined as Poor, Average, Good, Excellent is a random experiment with random variable being of type
Answer: c. Ordinal
Explanation:
An ordinal variable is one where the variable is used to categorize data in a qualitative way which can be ordered and ranked. For instance, in the case of schooling, the levels are: elementary, high school and college. Graduates from each level can be ranked in relation to each other.
A research survey therefore that has outcomes such as Poor, Average, Good, Excellent is using ordinal variables because these are qualitative and can be ranked in relation to one another.
Problems that may occur in a business due to lack of bureaucracy
Answer:
Bureaucracy helps to form a rigid organisation.
Explanation:
Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.
bureaucracy in the organisation is to increase the level of formality,
better communication among the colleagues
as well as increase overall productivity.
Which of the following is a manufacturing cost?
A. Indirect materials
B. Advertising expense
C. Depreciation of the office equipment used by the sales staff
D. Salary of clerical workers
Answer:
A and C
Explanation:
A manufacturing cost is the depreciation of the office supplies utilized by the sales team and indirect materials. As a result, choices (A) and (C) are the correct stuff.
What is manufacturing cost?The cost of all the resources used to produce a product, collectively referred to as the manufacturing cost, is what is considered. Direct labor, direct material costs, and manufacturing overhead make up the three areas that make up the cost of production. The whole cost of delivery is affected by it.
The raw materials known as "direct materials" are those that are included into the finished good. Applying a chain of processes to maintain a deliverable product provides value to raw materials in manufacturing. For example, welding, cutting, and painting are just a few of the many processes that can be used on raw materials. The difference between direct and indirect materials must be understood.
Hence, option (C) is accurate.
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Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
All of the following are correct statements about transfers between divisions located in countries with different tax rates except that
A. differences in tax rates across countries complicate the determination of the appro-priate transfer price
B. a decreasing number of transfers are between divisions located in different countries
C. companies must pay income tax in the country where income is generated
D. many companies prefer to report more income in countries with low tax rates.
All of the following are correct statements about transfers between divisions located in countries with different tax rates except that the companies must pay income tax in the country where income is generated. Thus option (C) is correct.
What is tax?Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.
Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.
In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.
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The cross-price elasticity of demand for soda and pretzels is -0.6. Therefore, soda and pretzels must be __________ goods. a.) elastic b.) inferior c.) complementary d.) substitute
The cross-price elasticity of demand for demand is negative, as they must be complementary goods.
Cross-price Elasticity of Demand
The cross-price elasticity of demand helps to determine the relationship between two commodities when their prices change over time. It measures the change in demand for one product due to the fall or rise in the price of the other product.
Positive Cross-price elasticity of Demand
When the cross-price elasticity of demand is positive then the demand for one good increases when the price of the other good goes up. This relationship between two products is known as a substitute.
Negative Cross-price elasticity of Demand
When the cross-price elasticity of demand is negative then the demand for one good decreases when the price of the other good goes up. This relationship between two products is known as complementary.
Hence, in the given question the relationship between soda and pretzels is complementary as the cross-price elasticity of demand is negative.
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Expenses have a future benefit to the company. O True O False
Answer:true
Explanation:
Vincent corporation has 100,00 shares of 100 par common stock outstanding. on june30 ,Vincent corporation declared a 5% stock dividend to be issued on July 30 to stockholders of record july15. the market price of the stock was $132 a share on June 30. journalize the entries required on June 30 and july30
The common stock that is seen here would be $500000
What is the common stock outstanding?This is the term that would simply be used to refer to all of the shares that the shareholders of a company as well as the people that are the insiders in the company would own.
How to solve for the journal entriesThe retained earnings is given as
$132 * 0.05
= $6.6
= 6.6 x 100000
= 660000
The debit is $660000
The credit is 100000 x 5 = 500000
paid in capital in excess of par = 660000 - 500000
= $160000
The stock dividend distributable = $500000
common stock is given as $500000
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If required reserve ratio is 10 percent what is the monetary multiplier
Answer:
10
Explanation:
If the reserve requirement is 10%, then the money supply reserve multiplier is 10 and the money supply should be 10 times reserves. When a reserve requirement is 10%, this also means that a bank can lend 90% of its deposits.
You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 equal annual installments. The first payment is next year. How much is the prize really worth
The prize is really worth $1,006,512.21.
What is present value?
Present value is the sum of cash flows discounted at the rate of interest or the discount rate. The annual cash flows for the next 10 years = $1.5 million / 10 = 150,000
The present value can be determined using a financial calculator
Cash flow from year 1 to 10 = $150,000
Discount rate = 8%
Present value = $1,006,512.21
Here is the complete question: You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 an¬nual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent.
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If you wanted to see how much time you spent working on your assignments last Thursday, which
screen would you look at?
Student Activity
External Links
Suggested Facing
Note that If you wanted to see how much time you spent working on your assignments last Thursday, which screen would you look at is: "Student Activity" (Option A). This has to do with a learning management system.
What is Student Activity?A Learning Management System (LMS) is a web-based tool used to store classroom activity online. They are a sort of cloud computing in which the program is accessible whenever and wherever a user has Internet connection.
The goal of a learning management system (LMS) is to provide training and development to Learning and Development (L&D) departments so that they can maintain a company's growth, success, and, eventually, revenue. These are some lofty learning objectives.
Student activities are extracurricular groups and programs that are available to students at a college or university. Student activities are typically intended to get students more active on campus.
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Sadar Company operates a store with two departments: videos and music. Information about those departments follows. Videos Departmen Music Department Sales .. $370,500 279500Cost of goods sold 320000 175000 Direct expenses Salaries 35,000 25000Maintenance. 12000 10000Utilities 5000 4500 Insurance 4200 3700The company also incurred the following indirect costs Advertising 15000Salaries 27000 Office expenses 3,200 Indirect costs are allocated as follows: advertising on the basis of sales; salaries on the basis of number of employees; and office expenses on the basis of square footage. Additional information about the departments follows. Department Square footage Number of employees Videos 5,000 3 Music 3,000 2Required 1. For each department, determine the departmental contribution to overhead and the departmental net income. 2. Should the video department be eliminated?
Answer:
Sadar Company
1. Departmental Contribution and Net Income:
Videos Department Music Department
Sales $370,500 279,500
Cost of goods sold 320,000 175,000
Contribution $ 50,500 104,500
Direct expenses:
Salaries 35,000 25,000
Maintenance 12,000 10,000
Utilities 5,000 4,500
Insurance 4,200 3,700
Indirect expenses:
Advertising 8,550 6,450
Salaries 16,200 10,400
Office expenses 2,000 1,200
Total expenses: $82,950 61,250
Net Income (Loss) $(133,450) 43,250
2. Video Department should be eliminated from the profit point of view. Its indirect costs of $26,750 can be absorbed by the Music Department.
Explanation:
a) Data and Calculations:
Videos Department Music Department
Sales $370,500 279500
Cost of goods sold 320000 175000
Direct expenses:
Salaries 35,000 25000
Maintenance 12000 10000
Utilities 5000 4500
Insurance 4200 3700
Indirect expenses:
Advertising 8,550 6,450
Salaries 16,200 10,400
Office expenses 2,000 1,200
Indirect Costs:
Advertising 15000 Sales
Salaries 27000 Number of employees
Office expenses 3,200 Square footage
Department Square footage Number of employees
Videos 5,000 3
Music 3,000 2
Indirect Costs Allocation:
Videos Department Music Department
Sales $370,500 279,500
Advertising 15000 8,550 6,450
Sales
Salaries 27000 16,200 10,400
Number of employees
Office expenses 3,200 2,000 1,200
Square footage
Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.
Answer:
Explanation:
B - It helps to create good study habits.
Seller always prefer higher to lower prices. Do you agree or disagree? Explain your answer.
Answer:
No, buyers prefer low prices to high prices.
Explanation:
This is because every person aims at spending less money and gaining more goods.
What action should a project manager take to ensure effective project governance?
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
Sharpie Markers sells their markers directly to consumers for $2/marker.
Revenue: $500,000
Plastic: $200,000
Ink: $1,000
Advertising: $5,000
Overhead: $1,000
Depreciation: $25
Assume Sharpie wants to launch a “Holly Jolly” promotion, where they would discount their pens by 10%. How many more pens would they have to sell to justify this promotion from a contribution perspective?
A) 25.13% more pens
B) 20.08% more pens
C) None of the above, but I could find this answer with the info given
D) None of the above because I can't find the answer with the info given
The increase in pens that would be sold to justify this promotion from a contribution perspective is B. 20.08% more pens.
How to calculate the value?The revised contribution will be:
= 0.2 - 1.196 = 0.996
The amount sold to maintain contribution will be:
= 299000/0.996 = 300201
The increase in volume will be:
= 50201/250000 × 100
= 20.08%
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Which is NOT a benefit of family members sharing household responsibilities?
OA.
Household responsibilities can be completed in less time
OB. Family members spend more time outside exercising
O C. Family members feel united in keeping the house running smoothly
OD
Children can learn responsibility as they help around the house
Answer:
B. Family members can spend more time outside exercising
Explanation:
This has nothing to do with household responsibilities
Holding all else constant, higher prices will Multiple Choice decrease the Lerner index. have no impact on the Lerner index. increase or decrease the Lerner index depending on the relative magnitude of the price increase. increase the Lerner index.
Based on the way the Lerner index is calculated, higher prices would increase the Lerner index.
What is the Lerner Index?It is a measure that allows for the calculation of marker power in a certain industry.
It is calculated by the formula:
= (Price - Marginal cost) / Price
If the price increases, the numerator will increase which means that the Lerner index increases.
In conclusion, option D is correct.
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Organizational Culture and Structure: Drivers of Strategic Implementation
Module 6, Chapter 8 (Management: A Practical Introduction by Angelo Kinicki and Denise Breaux Soignet (10th
Edition). NEWS ARTICLE REVIEW #1
The article begins by defining organizational structure and organizational culture, noting that while each can influence the other, they are distinct entities.
What is organizational structure?Organizational structure is a system of authority, responsibility, communication, and decision-making within an organization. It is the framework that outlines how roles, responsibilities, and relationships are managed within the company. It is typically hierarchical and defines the relationship between different functions and roles, allowing for efficient communication and the delegation of tasks. It is also used to create clarity about the roles of each individual and to ensure that decisions are made in the interest of the business. It can also help to reduce uncertainty and ensure that everyone is on the same page. Ultimately, organizational structure helps to create stability and efficiency within a business.
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An office's computers are connected in a mesh topology. How many cables are required to connect four computers to each other?
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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What happens to the amount of money the government collects in taxes?
It goes down to the amount of money the government collects in taxes. It consists of receipts from taxes such as income tax, corporate tax, customs, wealth tax, and tax on land revenue, among others.
The tax that is paid directly to the government by the individual or business it is imposed is known as a amount direct tax. Direct taxes include things like income taxes, wealth taxes, corporate taxes, and property taxes. The government uses taxes to fund a number of welfare programmes, including job initiatives. The government must pay the administrative costs for the thousands of staff in the numerous departments.
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