If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show the effect of the following in the accounting equation worksheet for 2020:a. Calculate how much customers actually owe to Puddle at the end of 2020.b. Calculate how much is estimated will not be collected by Puddle at the end of 2020.c. State how much expenses increased due to the estimate of uncollectible accounts.d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)

Answers

Answer 1

a. The amount (Accounts Receivable) that customers actually owe Puddle Incorporated at the end of 2020 is $741 million.

b. At the end of 2020, it is estimated that Puddle Incorporated will not collect (Allowance for Uncollectible Accounts) $22.23 million.

c. Bad Debt Expenses increased to $20.23 million.

d. The amount that Puddle Incorporated will show as the amount that they actually plan to collect (that is the Accounts Receivable, Net) is $718.77 million.

Data and Calculations:

Sales on credit in 2020 = $4,315 million

Collections during 2020 = $4,190 million

Uncollectible accounts written off during 2020 =$14 million

Allowance for uncollectible accounts = 3% of total accounts receivable

= $22.23 million ($741 million x 3%)

The following T-Accounts are used to calculate the requirements for a), b), and c) and the amounts are in millions.

Accounts Receivable

Account Titles                  Debit      Credit

Beginning balance          $630

Sales Revenue                4,315

Cash                                                $4,190

Allowance for Uncollectible                   14

Ending balance                                 $741

Allowance for Uncollectible Accounts

Account Titles                  Debit      Credit

Beginning balance                            $16

Accounts Receivable       $14

Bad Debts Expense                        $20.23

Ending balance                $22.23

Bad Debts Expense

Account Titles                            Debit      Credit

Allowance for Uncollectibles $20.23

Accounts Receivable, Net

Accounts Receivable ending balance $741

Allowance for Uncollectible accounts   (22.23)

Amount planned to collect                $718.77

Thus, Puddle Incorporated plans to collect $718.77 million in 2021 from past sales to customers but may collect more or less.

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Related Questions

ILL MARK BRAINLLEST AWNSER ALL 9
1 What is a safe deposit box? What financial records are best kept in one?

2 What are liquid assets? What are non-liquid assets? What are some examples of each?

3 What are liabilities? Describe two different types of liabilities.

4 What is net worth?

5 What is budget variance?



Critical Thinking Questions

6 Why are financial records important? How does keeping organized financial records contribute to successful money management?

7. Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?

8. What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management?

9. What are the pros and cons of using the different types of budget systems? Which one do you prefer?

Answers

Answer:

Explanation:

1.A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions

2. he most common examples of non-liquid assets are equipment, real estate, vehicles, art, and collectibles. Ownership in non-publicly traded businesses could also be considered non-liquid. With these kinds of assets, the time to cash conversion is difficult to predict.

3. Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more. Contingent liabilities are liabilities that may or may not arise, depending on a certain event.

4. it is a persons total worth.

5.Budget variance equals the difference between the budgeted amount of expense or revenue, and the actual cost. Favourable or positive budget variance occurs when: Actual revenue is higher than the budgeted revenue. Actual expenses are lower than the budgeted expenses.

6.Managing daily business activities such as paying bills. In order to best manage your money and responsibilities, you need to know what you owe, who you owe it to, and when you need to pay it.

7.Cash flow statements are useful in managing money because it helps you keep track of your financial record of income expenditures for a particular period of time.

8. well planned, realistic, spending habits, methods to keep track of spending and how to manage for variable expenses.

9.Mental budget:

PRO ⇒ easiest possible way of making a budget,

CON ⇒ isn't very accurate.

Physical budget:

PRO ⇒ quite simply, just place money on envelopes according to what things you should pay with them,

CON ⇒ cannot keep a exact record.

Write down the budget:

PRO ⇒ write down the budget on a notebook or an excel spreadsheet,  writing down the budget helps to stick with it.

CON ⇒ you need to permanently check and adjust your budget.

Accounting or Financial software:

PRO ⇒ use software (e.g. Quicken) to help you  create a budget that includes tax records and bank accounts.

CON ⇒ it is more complicated and you need to pay for the software.

an example of positive economics is a forecast, or what can be described as a(n):

Answers

An example of positive economics is a forecast, which can be described as a prediction of future.

Positive economics is an approach to economics that focuses on objective, empirical analysis of economic phenomena. It seeks to describe and explain economic behavior and the workings of economic systems as they actually are, rather than how they ought to be.

Positive economics is based on data, facts, and observable trends, rather than value judgments or normative considerations.

For instance, an economist might use past economic data to forecast future trends in the stock market or to predict future levels of inflation. These forecasts are based on observed patterns and relationships, and seek to provide an objective and accurate assessment of what is likely to happen in the future.

Positive economics is used by governments, businesses, and individuals to make informed decisions about the economy. By relying on empirical data and objective analysis, positive economics helps to provide a clearer understanding of economic trends and can help to inform policy decisions and business strategies.

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When negotiating, the tendency is to want to win! Why is this not a good approach when managing contracted relationships

Answers

Answer:

All of these are reasons a competitive approach to negotiation should not be used when managing contracted relationships.

Explanation:

Negotiation may be defined as a dialogue that is carried between two or sometimes more than two people or parties that are intended to reach a beneficial result or an outcome over some issues where there is a conflict between the people or parties.

It is suggested that while negotiating with the contracted parties, it is not always good to have the winning tendency --

-- such approach may cause some dysfunctional conflict to rise and then negotiations to break down.

-- this kind of approach inhibits a degree of trust and also the cooperation needed for the partners to work

True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False

Answers

It's False
I hope I have helped you I don't know much about that

2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition

Answers

Answer:

Eventually prices will equalize at all five lemonade stands.

Explanation:

Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.

The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.

Also, there is little or no barriers to entry for lemonade sellers.

A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

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Your company just made a decision to 3D print several assemblies replacing conventional machining and assembly. You, as a Director QC, need to present a comprehensive plan for quality control of the new assemblies. What would be your primary concerns and objectives? Will you require any new equipment and resources ? If so - what kind ? Edit View Insert Format Tools Table 12pt Paragraph B I U T?

Answers

By addressing these primary concerns and objectives, and potentially acquiring the necessary equipment and resources, we can ensure that the 3D printed assemblies meet the required quality standards.

As the Director of Quality Control, my primary concerns and objectives for the quality control plan of the 3D printed assemblies would be to ensure the following:

Dimensional Accuracy and Precision: Since 3D printing involves layer-by-layer additive manufacturing.

Material Quality and Strength: I would focus on evaluating the quality and mechanical properties of the 3D printed materials.

Surface Finish and Aesthetics: The appearance and surface finish of the 3D printed assemblies play a vital role, especially if they are visible parts or have functional requirements related to smoothness or texture.

In terms of equipment and resources, implementing a comprehensive quality control plan for 3D printed assemblies may require some new tools and resources. These could include:

Coordinate Measuring Machine (CMM): A CMM would be useful for precise dimensional measurements of the printed parts and comparing them against design specifications.

Mechanical Testing Equipment: This may include universal testing machines, impact testers, hardness testers, or other specialized equipment to assess material properties and mechanical performance.

Surface Roughness Measurement Tools: Instruments like profilometers or laser scanners can be employed to measure the surface roughness and texture of the 3D printed parts.

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in the national savings and investment identity framework, an inflow of savings from abroad is, by definition, equal to:

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In the national savings and investment identity framework, an inflow of savings from abroad is, by definition, equal to a Trade deficit

What is a Trade deficit?

Generally, These include the influx of financial money from other countries throughout the world.

As was discussed in the chapter titled "The International Trade and Capital Flows," the importation of savings from other countries is equivalent, by definition, to the country's trade deficit.

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If a company using accrual-basis accounting wanted to overstate their income at the end of the fiscal year with increased shipments, the two accounts that would be most at risk are:

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The two accounts that would be most at risk are: Sales and Accounts Receivable

Accrual method of accounting is an accounting method that reports on the company book  revenue and expenses as they occur in which assets are then adjusted when revenue and expenses are paid.

Assuming  a company or organization are to increased shipments which they are  having doubt about as to whether those shipment would either be returned or not paid for.

The company book would show increase in income and increase in account receivable as the company is yet to receive payment for the goods that were shipped.

In a situation were the goods that was returned are high which means that at the end of the fiscal year both sales and  account receivable account will be affected.

Inconclusion The two accounts that would be most at risk are: Sales and Accounts Receivable.

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Distinguish between discretionary fixed costs and committed fixed costs.

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Difference between committed and discretionary fixed costs is expenses that are fixed commitments of the firm that must be incurred to sustain operational continuity are referred to as committed fixed costs. Discretionary fixed costs are those expenses that are voluntary to the degree that the management's budgeting process determines their incurrence and value.

The expenditures necessary to maintain present production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices on the scope and makeup of their firm.

An expense for a fixed asset or period-specific cost that may be eliminated or lowered without having an immediate effect on a business's reported profitability is known as a discretionary fixed cost.

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Explain the tradeoffs involved in setting an ideal level of inventory for a
particular product. What are the costs if too much is maintained? What are
the costs if too little is maintained?

Answers

Too much inventory ties up capital which could otherwise be used for purposes such as research and development, marketing and sales, stockholder dividends, salary increases, etc.

The more inventory a company holds, the more space is needed, and space costs money

Too little? Less money and less product being sold.

Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government

Answers

Answer:

A

Explanation:

Answer:

It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST

Explanation:

Also, if i'm right there is no need to thank me unless you want too

In 2022, Bubba's Bait Shop reports net income of $550. The company began the year with 120 shares of $1 par common stock. On September 1st, 2022, the company repurchased 30 shares. What was the company's reported earnings per share in 2022? (rounded to nearest penny)

Answers

The company's reported earnings per share in 2022 can be calculated by dividing the total net income of the company by the weighted average number of common shares outstanding during the year.The company began the year with 120 shares of $1 par common stock.

On September 1st, 2022, the company repurchased 30 shares. Hence, the total number of common shares outstanding during the year can be calculated as follows:Common shares outstanding on January 1st, 2022 = 120Common shares outstanding from September 1st, 2022 to December 31st, 2022 = 120 - 30 = 90Weighted average number of common shares outstanding during the year = (120 x 8/12) + (90 x 4/12) = 80 + 30 = 110

Therefore, the earnings per share in 2022 can be calculated as follows:Earnings per share = Net income / Weighted average number of common shares outstandingEarnings per share = $550 / 110Earnings per share = $5.00 (rounded to nearest penny)Therefore, the company's reported earnings per share in 2022 is $5.00 (rounded to nearest penny).

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what criteria should you recommend angel use in determining which platform will be most cost-effective over time?

Answers

The criteria i will recommend for Angel to use in determining which platform will be most cost-effective over time is that she should look for which platform will provide the most flexibility and adaptability as the company grow and change over time. The Option A is correct.

What does cost-effective means?

Basically, a cost-effective refers to something such as a process that gives the best possible profit or benefits in comparison with the money that is spent.

When we use an analysis of Cost-effectiveness, we are able to compares the relative costs and outcomes of different courses of action. This analysis is distinct from cost–benefit analysis which assigns a monetary value to the measure of effect.

Missing options " You suggest he look for which platform will provide the most flexibility and adaptability as the company grows and changes over time. You suggest he look for which platform will provide the best balance between performance and low cost."

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Sioux Corporation is estimating the following sales for the first four months of next year:January$210,000February$280,000March$340,000April$370,000-Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April

Answers

Answer:

$358,000

Explanation:

Calculation to determine how much cash should Sioux expect to collect during the month of April

April sales collected in April ($370,000 × 60%) $222,000

March sales collected in April ($340,000 × 40%) $136,000

Total cash collections in April $358,000

($222,000+$136,000)

Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000

required informationskip to questionassignments and delegations introduction read the overview below and complete the activities that follow. contracts are typically private agreements in that they bind the two parties and no one else. thus, parties not in privity of contract usually do not have rights to a contract. however, there are exceptions to the general rule. this activity outlines the importance of paying special attention to ramifications that result from assigning or delegating a contract, including the effects these actions have on assignees. concept review: contracts create situations in which both parties have a duty to perform the agreed-on action and a right to be the recipient of the other party's duty. these rights and duties can be transferred to third parties. the transfer of rights is known as assignment; the transfer of duties is known as delegation. mini-case: read the case and then answer the questions to create a strategy for how someone might determine the results of the scenario. katerina owned property in miami right on the beach that she leased to scotty. scotty used the property for business purposes, which was allowed under the lease. three months into the lease, scotty transferred his lease to a sports agent company for $5,000, which became the new tenant under the lease. katerina became upset with scotty's transferring of the lease because she thought that since she leased the property to scotty, he should not be allowed to let anyone else lease the property. furthermore, she had a strong aversion to sports agents after watching the movie jerry maguire, and she did not want any money-grubbing sports agents working on her property. subsequently, katerina wonders whether there is any way she can limit the ability of scotty to transfer the lease. walk through the different types of transferring of rights and duties. what type of transfer of rights or duties is described in this case? what is the role of the relevant parties in the case? katerina clearly does not like the transfer of the lease. are there any factors that could limit the transfer of these rights or duties?the scenario above is an example of what legal concept?multiple choicevesting of rightsdelegationassignment

Answers

This scenario is an example of an assignment in contracts. Assignment is a legal concept that involves the transfer of rights from one party to another. In this case, the transfer of rights occurred when Scotty transferred his lease to a sports agent company for $5,000, making them the new tenant under the lease.

Katerina, the lessor, was not pleased with the transfer of the lease and has the right to challenge it. However, Katerina's challenge must be based on legal grounds and not simply on the fact that she has an aversion to sports agents. Depending on the specific language of the lease agreement, Katerina may be able to challenge the assignment based on clauses which limit assignment of the lease, as well as any other clauses which would not be valid had the lease been assigned.

There are also factors that could limit the transfer of rights or duties in this scenario. For instance, the assignment may not be enforceable if the lease itself does not permit assignment. Additionally, the parties of the contract must be in agreement and in good faith for the assignment to be valid. If either of these conditions are not met, the assignment may be void.

In conclusion, this case is an example of an assignment of rights in contracts. Katerina has the right to challenge the assignment, though her challenge must be based on legal grounds. Furthermore, there are certain factors that can limit the assignment, such as the presence of clauses limiting assignment and the requirement that both parties agree and act in good faith.

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To produce x units of a religious medal costs C(x)=18x+32. The revenue is R(x)=26x. Both cost and revenue are in dollars. a. Find the break-even quantity. b. Find the profit from 250 units. c. Find the number of units that must be produced for a profit of $80.

Answers

The number of units that must be produced for a profit of $80 is 14 units. To find the break-even quantity, we need to determine the point at which the revenue equals the cost. In other words, we need to find the value of x where R(x) = C(x).

Given:

Cost function: C(x) = 18x + 32

Revenue function: R(x) = 26x

a. Break-even quantity:

To find the break-even quantity, we set R(x) equal to C(x) and solve for x:

26x = 18x + 32

Simplifying the equation, we get:

8x = 32

Dividing both sides by 8, we find:

x = 4

Therefore, the break-even quantity is 4 units.

b. Profit from 250 units:

To find the profit from 250 units, we need to subtract the cost from the revenue at that quantity:

Revenue at 250 units: R(250) = 26 * 250

Cost at 250 units: C(250) = 18 * 250 + 32

Profit = Revenue - Cost

Profit = R(250) - C(250)

Calculate the revenue and cost at 250 units, and then subtract the cost from the revenue to find the profit.

c. Number of units for a profit of $80:

To find the number of units that must be produced for a profit of $80, we set the profit equation equal to $80 and solve for x:

Profit = R(x) - C(x)

$80 = 26x - (18x + 32)

Simplifying the equation, we get:

80 = 8x - 32

Adding 32 to both sides, we find:

112 = 8x

Dividing both sides by 8, we get:

x = 14

Therefore, the number of units that must be produced for a profit of $80 is 14 units.

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This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.

Answers

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The Stock Market is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A Bank Account is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use Credit Card to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your Home is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with Insurance.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as
many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the
number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find
depends on the number of hours a day she searches, as shown in the table below:
a. Using this information, compute the lowest price that Zoe would accept per fossil in order to justify her spending more
time collecting fossils and less time working as a wedding photographer.
Instructions: Complete the table below. Enter your responses rounded to the nearest penny (two decimal places).
Hours
per day
1
Lowest price Zoe
Total fossils would accept per
per day
fossil
6
$
2
11
$
3
3
15
$
4
18
$
5
20
$

Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays

Answers

The lowest price Zoe would accept per fossil is

Hours per day    Lowest price Zoe would accept per fossil

1                                 $3.67

2                                 $4.40

3                                 $5.50

4                                $7.33

5                                 $11

The relationship between the lowest price and the number of fossils collected is called the supply curve.

What is the lowest price Zoe would accept per fossil?

In order to determine the  lowest price Zoe would accept per fossil we have to determine the marginal output of fossils per day and then divide the result by  $22.

Marginal output of fossils when :

Fossils is 6 per day : 6Fossils is 11 per day : (11 - 6) / (2 - 1) = 5Fossils is 6 per day : (15 - 11) / (3 - 2 = 4Fossils is 6 per day : (18 - 15) / (4 - 3) = 3Fossils is 6 per day : (20 - 18) / (5 - 4) = 2

Lowest price :

22/6 = 3.6722/ 5 = 4.422 / 4 = 5.522 / 3 =7.3322 / 2 = 11

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The general ledger account for Accounts Receivable shows a debit balance of AED 50,000 . The Allowance for Doubtful Accounts has a credit balance of AED 1.000. If management estimates that 5% of Accounts Receivable will prove uncollectible, Bad Debts Expense would be recorded for A. AED 1,500. B. AED 2.540. C. AED 2.500. D. AED 3,500 .

Answers

Bad Debts Expense would be recorded for C AED 2,500. This amount is calculated by multiplying the estimated percentage of uncollectible accounts (5%) by the Accounts Receivable balance (AED 50,000) minus the credit balance in the Allowance for Doubtful Accounts (AED 1,000).

To determine the amount of Bad Debts Expense, we need to calculate the estimated uncollectible amount based on the given information. The Accounts Receivable balance of AED 50,000 represents the total amount owed to the company by its customers. The Allowance for Doubtful Accounts is a contra-asset account used to estimate and offset the potential losses from uncollectible accounts. In this case, it has a credit balance of AED 1,000.

To estimate the Bad Debts Expense, we multiply the estimated percentage of uncollectible accounts (5%) by the net Accounts Receivable balance. The net balance is calculated by subtracting the credit balance in the Allowance for Doubtful Accounts (AED 1,000) from the Accounts Receivable balance (AED 50,000). 5% of AED 49,000 (AED 50,000 - AED 1,000) equals AED 2,450. However, since the options provided are rounded, the closest amount is AED 2,500. Therefore, Bad Debts Expense would be recorded for AED 2,500 in this scenario.

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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.

Answers

Answer:

Travelers lose their sense of the outside world.

Explanation:

Study Island

The text below describes the purpose of the Coalition of Independent Educator Associations (CIEA). The Coalition of Independent Educator Associations (CIEA) is made up of non-unionized education associations across America. Keeping educators connected, CIEA collaborates and focuses on serving its members in each state and on the national level. Source: cieaonline.org Judging from the organization's description, CIEA could be best categorized as what kind of interest group

Answers

Answer:

peak association

Explanation:

The Coalition of Independent Educator Associations (CIEA) is most likely an Economic interest group based on the description of its services.

Economic interest groups:

Represent the affairs of a labor group such as teachers and doctors Foster cooperation between members of a labor group Increase economic and financial access for their members

The Coalition of Independent Educator Associations (CIEA) is concerned with the affairs of educators as well as working to increase collaboration and cooperation between its educator members.

We can therefore conclude that the CIEA is an economic interest group as it engages in work that is typical of other economic interest groups.

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universal sports supply began the year with an inventory balance of $75,000 and a year-end balance of $65,000. sales of $675,000 generate a gross profit of $225,000. calculate the inventory turnover ratio for the year. (round your final answer to 1 decimal place.)

Answers

The formula for inventory turnover ratio is: Cost of Goods Sold / Average Inventory. = 6.4

The inventory turnover ratio is a measure of the number of times a company sells and replaces its inventory during a given period. It is calculated by dividing the cost of goods sold by the average inventory for the period.

To find the cost of goods sold (COGS), we can use the formula: Sales - Gross Profit. Therefore, COGS = $675,000 - $225,000 = $450,000. To find the average inventory, we can use the formula: (Beginning Inventory + Ending Inventory) / 2. Therefore, Average Inventory = ($75,000 + $65,000) / 2 = $70,000. Now we can calculate the inventory turnover ratio:  Inventory Turnover Ratio = COGS / Average Inventory = $450,000 / $70,000 = 6.4 (rounded to 1 decimal place). Therefore, the inventory turnover ratio for the year is 6.4.

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You buy a pair of sunglasses from a manufacturer for $100. you would have been willing to pay $130 for them; it cost the manufacturer $70 to make them. what is the economic surplus created by this exchange?

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The economic surplus created by the exchange is $40 if we buy a pair of sunglasses from a manufacturer for $100.

Sunglass price = $100

Amount willing to pay = $130

Cost of manufacturer = $70

Economic surplus is the combination of benefits, generally referred to as total welfare, that a consumer or producer obtains as a result of economic activity. It is also called total surplus and communal surplus.

Producer surplus = Total Revenue – Production Cost

Producer surplus = 100 - 70

Producer surplus = $30

consumer surplus = the price is willing to pay - the actual amount paid.

consumer surplus = 130 - 100

consumer surplus = 30

The economic surplus = Producer surplus + consumer surplus

The economic surplus = 30 +30

The economic surplus =  $40

Therefore we can conclude that the economic surplus created by this exchange is $40.

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influences of Business environment,​

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Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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1. Compare and explain the Capital budgeting of a Multinational Company Subsdiary Versus its parent Company using your own Scenario Company? 2.Explain in details the benefits of International Diversification with Canada as a specific example? 3. Describe in details how a Multinational Economic exposure and Translation exposure can be hedged? Provide specific examples? 4. Explain in details the common techniques used for forecasting with specific examples? 5. Explain in details the key components of the balance of payments and how international trade flows are influenced by economic and other factors?

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1. Comparison and explanation of Capital Budgeting of Multinational Company Subsidiary vs Parent CompanyThe capital budgeting process of a multinational company's parent and subsidiary are different in a few ways. The parent company's capital budgeting process concentrates on the organization's financial situation, while the subsidiary company's capital budgeting process focuses on the local market scenario.For example, consider the multinational company Coca-Cola, which operates in several countries with different investment policies. Coca-Cola's parent company must decide how much money to allocate to the subsidiary company in India for expanding production capacity, while the subsidiary company must consider the local market's demand and price before investing in production capacity.

2. Explanation of the Benefits of International Diversification International diversification refers to the expansion of an organization's business across international borders, resulting in various benefits, such as risk reduction, revenue growth, and increased profits.For instance, an organization based in Canada may invest in emerging markets like Brazil and China to benefit from their expanding economies. International diversification can reduce the organization's overall risk since the failure of one project in a particular region is offset by the success of another project in a different region.

3. Explanation of Hedging of Multinational Economic Exposure and Translation ExposureThe multinational economic exposure refers to the risk of losses due to changes in the foreign exchange rate, inflation rate, or political scenario. To hedge this risk, the organization may invest in assets in various currencies or use forward contracts to secure the future currency exchange rates. For instance, a Canadian company that exports to the US can hedge against exchange rate risks by using forward contracts.The translation exposure refers to the risk of losses due to changes in the foreign exchange rate during the consolidation of financial statements. For example, a Canadian company that operates in Japan may face losses due to a sudden increase in the yen's value. To hedge this risk, the company may use a variety of hedging instruments, such as forward exchange contracts, money market hedges, and currency options.

4. Explanation of Common Techniques used for Forecasting Organizations use various techniques to forecast their financial and operational performance. Some of the most commonly used techniques are the Time-series forecasting technique, Causal forecasting technique, and Judgmental forecasting technique.For instance, the Time-series forecasting technique utilizes historical data to predict future trends and patterns. The Causal forecasting technique uses data from multiple variables to predict future outcomes. The Judgmental forecasting technique relies on the experience and knowledge of industry experts.

5. Explanation of Key Components of Balance of Payments and how International Trade Flows are influenced by Economic and Other FactorsThe balance of payments is an accounting record of all economic transactions between a country and the rest of the world. It is divided into two categories:

the current account and the capital account. The current account records all transactions related to trade in goods and services, income earned from foreign investments, and unilateral transfers. The capital account records all transactions related to the movement of capital across borders and changes in reserve assets.The balance of payments influences international trade flows by reflecting a country's economic position and competitiveness in the global market. A trade surplus indicates that a country is exporting more than it is importing, which improves its economic position. In contrast, a trade deficit indicates that a country is importing more than it is exporting, which can negatively impact its economic position. Other factors that influence international trade flows include exchange rates, inflation, and interest rates.

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the top hat division of blandon's fine menswear had the following results last year. sales $5,100,000 operating income $510,000 total invested assets $3,000,000 current liabilities $260,000 management's target rate of return is 24% and the weighted average cost of capital is 18%. what is the top hat division's return on investment (roi)?

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The return on investment (ROI) for the Top Hat Division is 17.00%.

What is return on investment?

Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. It is commonly expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments. ROI measures the amount of return on an investment relative to the investment’s cost. It is calculated by taking the gain from an investment, subtracting the cost of the investment and dividing the result by the cost of the investment. This calculation provides investors with an idea of how efficient their investment is and whether it is generating a positive return.

This can be calculated by dividing the operating income (ROI) by the total invested assets. In this case, the ROI would be calculated as follows:
$510,000 / $3,000,000 = 0.17 = 17.00%
This return on investment is lower than the target rate of return of 24%. This indicates that the Top Hat Division is not meeting the management's target rate of return and could potentially benefit from some improvements in its operations.

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An informal session of 6 to 10 customers in which a moderator asks their opinions about a firm's and its competitors' products, how they use these products, and special needs these products don't address is known as a(n)

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Answer:

Focus group

Explanation:

Focus group is a small group of people who are introduced in an open discussion for research purpose. In the given question there is a informal session with 6 - 10 customers in which their opinions are considered about a firms products. This is a small group session which is initiated to identify product features and how these customers use these products. This is focus group for research purpose.

Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.

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Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.

What is Copywriting?

Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.

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what is the underlying rationale for the lower-of-cost-or-market rule?

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The lower-of-cost-or-market (LCM) rule is a method of valuing inventory that requires a company to report its inventory at the lower of its cost or market value. The underlying rationale for the LCM rule is to ensure that a company's financial statements accurately reflect the value of its inventory and the potential losses it may incur.

The LCM rule is based on the principle of conservatism, which holds that when a company is uncertain about the value of an asset, it should err on the side of caution and report the lower value. This is because financial statements are used by investors, creditors, and other stakeholders to make decisions, and inaccurate or misleading information can have serious consequences.

For example, if a company has inventory that it purchased at a cost of $10 per unit, but the current market price for that inventory has dropped to $8 per unit, the LCM rule would require the company to report the value of that inventory at $8 per unit, rather than $10. This ensures that the company's financial statements accurately reflect the value of its inventory, and that potential losses are recognized.

The LCM rule is important because it helps prevent companies from overvaluing their inventory and overstating their profits. By requiring companies to report inventory at the lower of its cost or market value, the LCM rule helps ensure that companies provide accurate and reliable financial information to their stakeholders. This information is essential for investors, creditors, and other stakeholders to make informed decisions about a company's financial health and prospects.

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Julio is writing a business proposal on the advantages of an open work environment. He has done a lot of research on the topic from professionals and is trying to convince his manager that it would benefit their team. The best way for Julio to avoid plagiarism on a documentwide level is by: ___________

a. changing the words from the sources to alter the meaning.
b. using direct quotations or verbatim restatements from his sources.
c. significantly altering the original words and sentence structure of his sources.
d. supplying his own original ideas, conclusions, and recommendations.
e. combining information from two sources.

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The best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.

Plagiarism means copying or using another person ideas as yours without the owner permission.

Julio should create enough time for himself when writing the business proposal so as to supply his own original idea to his managers as this will enable him to avoid plagiarism.

He should endeavor to create his own conclusion as well as recommendation when writing the business proposal rather than using another person ideas or work.

Inconclusion the best way for Julio to avoid plagiarism on a document wide level is by: d. supplying his own original ideas, conclusions, and recommendations.

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