Academic writing is focused on informing and educating with a formal tone and structured format, while business writing aims to persuade and sell with an informal tone and flexible structure.
Academic writing and business writing have distinct characteristics that differentiate them from each other. Here are three key differences
Purpose: The primary purpose of academic writing is to inform and educate, while the primary purpose of business writing is to persuade and sell. Academic writing aims to share knowledge and ideas, whereas business writing aims to convince readers to take action, whether it be to purchase a product or service or to adopt a particular strategy.
Tone: Academic writing typically has a formal and objective tone, while business writing tends to be more informal and subjective. Academic writing is expected to be neutral and unbiased, whereas business writing often includes persuasive language and emotional appeals to the reader.
Structure: Academic writing follows a rigid structure that includes an introduction, body, and conclusion. Business writing, on the other hand, may vary in structure depending on the purpose and audience. It may include headings, bullet points, and graphics to enhance readability and appeal to the reader.
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company send and receive messages daily via email, voice mail, text and traditional memos. A persuasive message occurs when a person attempts to convince an individual or group to take certain specific actions. negative messages are often associated with bad news such as employer firings layoffs and negative reviews.
provide 1-2 strategies you might incorporate to ensure effectiveness of persuasive message in business
provide 1-2 strategies to help ensure the most polite, professional and appropriate manner to deliver bad news in business
Explanation:
Persuasive message:
Cordial, positive communication, with a focus on negotiation and openness to receiving proposals and feedbacks. Indirect approach, with a focus on explaining the advantages and benefits of the public to perform the expected action such as performing a specific task or concluding a sale.
Deliver bad news in business:
Be transparent and communicate all the reasons that led the organization to face the bad news that is being communicated, maintaining a realistic but positive approach to maintain the sense of unity and overcoming of employees. Using an indirect approach so that bad news has less impact on the audience, for this the communication is made using soothing words and the news is in fact only given at the end of the message when explanations of the reasons for the fact are explained which increases the employees' sense of understanding.
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales.
The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. Its predetermined overhead rate is based on a cost formula that estimated $68,000 of manufacturing overhead for an estimated activity level of $40,000 direct labor dollars. At the beginning of the year, the inventory balances were as follows:
Raw materials $ 10,200
Work in process $ 4,200
Finished goods $ 8,700
During the year, the following transactions were completed:
A. Raw materials purchased on account, $169,000.
B. Raw materials used in production, $147,000 (materials costing $121,000 were charged directly to jobs; the remaining materials were indirect).
C. Costs for employee services were incurred as follows:
Direct labor $ 178,000
Indirect labor $ 216,900
Sales commissions $ 21,000
Administrative salaries $ 48,000
D. Rent for the year was $18,100 ($13,100 of this amount related to factory operations, and the remainder related to selling and administrative activities).
E. Utility costs incurred in the factory, $16,000.
F. Advertising costs incurred, $13,000.
G. Depreciation recorded on equipment, $22,000. ($17,000 of this amount related to equipment used in factory operations; the remaining $5,000 related to equipment used in selling and administrative activities.)
H. Manufacturing overhead cost was applied to jobs, $ ? .
I. Goods that had cost $228,000 to manufacture according to their job cost sheets were completed.
J. Sales for the year (all paid in cash) totaled $506,000. The total cost to manufacture these goods according to their job cost sheets was $219,000.
Required:
1. Prepare journal entries to record the transactions for the year.
2. Prepare T-accounts for each inventory account, Manufacturing Overhead, and Cost of Goods Sold. Post relevant data from your journal entries to these T-accounts (don’t forget to enter the beginning balances in your inventory accounts).
3A. Is Manufacturing Overhead underapplied or overapplied for the year?
3B. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold.
4. Prepare an income statement for the year. All of the information needed for the income statement is available in the journal entries and T-accounts you have prepared.
Net income of $2,000 was generated from sales income of $506,000 after deducting operating expenses of $285,000, including direct labor, rent, utilities, advertising, and depreciation costs.
1. A. Unrefined components bought on account $169,000
Unrefined components stock $169,000
Creditor liabilities $169,000
B. Unrefined components utilized underway $147,000
Work in process stock $121,000
Producing above $26,000
Unrefined substances stock $147,000
C. Direct work $178,000
Aberrant work $216,900
Deals commissions $21,000
Regulatory pay rates $48,000
Compensation payable $464,900
D. Lease $18,100
Prepaid lease $5,000
Lease payable $13,100
E. Utilities cost $16,000
Utilities payable $16,000
F. Publicizing cost $13,000
Publicizing payable $13,000
G. Devaluation cost $22,000
Collected deterioration - production line hardware $17,000
Collected deterioration - selling and regulatory hardware $5,000
H. Fabricating above applied to occupations $194,400 (2.4 x direct work cost)
Producing above $194,400
Work in process stock $194,400
I. Completed products stock $228,000
Work in process stock $228,000
J. Cash $506,000
Deals income $506,000
Cost of products sold $219,000
Completed products stock $219,000
2. T-Records:
Unrefined components stock:
Starting total $10,200
Buys $169,000
Unrefined components utilized underway ($121,000 direct)
Finishing total $58,200
Work in process stock:
Starting surplus $4,200
Direct work $178,000
Producing above applied $194,400
Cost of products finished $228,000
Finishing surplus $64,800
Completed products stock:
Starting surplus $8,700
Cost of products finished $228,000
Cost of products sold ($219,000)
Finishing surplus $17,700
Producing above:
Applied to occupations $194,400
Real above $278,900
Above overapplied $84,500
Cost of merchandise sold:
Starting total $0
Cost of merchandise sold $219,000
3A. Fabricating above is overapplied by $84,500.
3B. Fabricating above $84,500
Cost of merchandise sold $84,500
4. Pay articulation:
Deals income $506,000
Cost of merchandise sold ($219,000)
Net benefit $287,000
Working costs:
Roundabout work $216,900
Lease ($13,100 + $5,000) $18,100
Utilities cost $16,000
Promoting cost $13,000
Deterioration cost ($17,000 + $5,000) $22,000
Absolute working costs $285,000
Net gain $2,000
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Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below.
A $94,000 in raw materials were purchased for cash.
B $89,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials.
C Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor.
D Additional manufacturing overhead costs of $143,000 were incurred and paid.
E Manufacturing overhead of $152,000 was applied to production using the company’s predetermined overhead rate.
F All of the jobs in process at the end of the month were completed.
G All of the completed jobs were shipped to customers.
H Any underapplied or overapplied overhead for the period was closed to Cost of Goods Sold.
Required:
1. Post the above transactions to T-accounts.
2. Determine the adjusted cost of goods sold for the period.
1. Posting the transactions to T-accounts for Jurvin Enterprises is as follows:
Raw MaterialsAccount Titles Debit Credit
Cash $94,000
Work in Process $78,000
Manufacturing Overhead 11,000
Balance $5,000
Work in ProcessAccount Titles Debit Credit
Raw Materials $78,000
Wages Expenses 112,000
Mfg Overhead 152,000
Finished Goods $342,000
Manufacturing OverheadAccount Titles Debit Credit
Raw Materials $11,000
Wages Expenses 20,000
Cash 143,000
Work in Process $152,000
Cost of goods sold 22,000
Finished GoodsAccount Titles Debit Credit
Work in Process $342,000
Cost of goods sold $342,000
Cost of Goods SoldAccount Titles Debit Credit
Finished Goods $342,000
Manufacturing Overhead
(Underapplied) $22,000
2. The adjusted cost of goods sold for the period is $364,000.
Transaction Analysis:Raw Materials $94,000 Cash $94,000
Work in Process $78,000 Manufacturing Overhead $11,000 Raw Materials $89,000
Work in Process $112,000 Manufacturing Overhead $20,000 Wages Expenses $132,000
Manufacturing Overhead $143,000 Cash $143,000
Work in Process $152,000 Manufacturing Overhead $152,000
Finished Goods $342,000 Work in Process $342,000
Cost of goods sold $342,000 Finished Goods $342,000
Cost of goods sold $22,000 Manufacturing Overhead (Underapplied) $22,000
Adjusted Cost of Goods Sold:Finished Goods $342,000
Underapplied overhead 22,000
Total cost of goods sold $364,000
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Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team.
Answer:
The answer is the last table, option D.
Explanation:
In the table, Kyle's personal interests are following current cases, and his values are listed as honest, caring, compassionate, and integrity. His skills are physical conditioning, and training regularly. His achievements are good grades and being a state finalist on a mock trial team. He has experience in being an explorer. I took the test on Edgeunity and got the correct answer.
Answer:
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
Explanation:
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
a. Raise taxes
b. Raise government spending
c. Decrease the discount rate
d. Print more money
Answer:
I believe the answer would be A
the amswer is a raise money
1. A location’s risks can make a difference in premium costs. Think about two houses, one built on a mesa (a high desert plateau) in Arizona and the other built on the Louisiana coast (below sea level). Which location is more likely to experience flooding? Which house would have lower premiums for flood insurance?
Answer:
House with lower premiums for flood insurance -- house built on Mesa in Arizona.
Location more likely to experience flooding --- Louisiana coast which is below sea level.
Explanation:
Insurances provides a protection in exchange for a amount of fee known as a premium. An insurance is a policy or an agreement where the person availing the policy gets a financial protection against the calamities or losses that occurs to the person as promised by the other party. But for that the person needs to a pay a fee called as the premium to the other party.
In the context, the house which is built on the mesa, which is a high desert plateau in Arizona is less prone to floods. Since the location of the house is in a high altitude place, it is less likely to experience floods as compared to the other place in Louisiana coast which is below sea level and is more likely to experience flooding because of its location near the coast and elevation.
Therefore, the house located in Arizona will have to pay lower premiums for flood as there will be less likely to occur flood in the region of the high elevation of the place.
And since house built on Louisiana coast is below sea level, it will more likely to experience floods.
Statement Of Owner's Equity Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following balances for April transactions. Cash $12,834 Accounts Receivable 1,809 Office Supplies 4,667 Prepaid Insurance 1,327 Accounts Payable 327 Jay Pembroke, Capital 18,155 Jay Pembroke, Drawing 145 Service Fees 3,113 Rent Expense 813 You will need to calculate the net income for April.
Answer and Explanation:
the computation of the net income for the april month is as follows;
= Service fees - rent expense
= $3,113 - $813
= $2,300
Now the preparation of the owner equity is as follows;
Jay Pembroke, Capital $18,155
Net income $2,300
Less; Jay Pembroke, Drawing $145
Jay Pembroke, Capital ending capital $20,310
We assume that the capital is given for the beginning of the month
Which of the following are not reasons entrepreneurs improve the economy?
self-confidence = stimulated economy
new businesses = no new employees
no taxes
new technology
Answer:
Explanation:
b and c
No taxes not reasons entrepreneurs improve the economy
The economy benefits from entrepreneurship for a variety of reasons, including the creation of jobs and the advancement of social change.
Are there explanations for why entrepreneurs help the economy?
Entrepreneurs are crucial to market economies because they may drive the nation's economic expansion. They encourage new employment by developing new goods and services, which eventually accelerates economic growth.
They also overwhelmingly suggest that tax increases can enhance government revenue, but frequently at the expense of economic growth and taxpayer mobility. On the other hand, tax reductions typically result in temporary drops in revenue while fostering long-term economic growth.
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Critical Thinking Questions
1. What are some strategies that you can use to prepare to file taxes each year? What would
be the benefits of these strategies?
2. What are the benefits of taxes for societies and individuals?
3. How do taxes influence responsible financial planning? Discuss some examples of how
taxes may influence a financial plan.
4. What are four types of taxes that you pay (or are likely to pay in the future)? Describe
these types of taxes.
5. Find a tax return form and practice filling it out, using either your own information or that
of a hypothetical person. What are some of the challenges in filling out a tax return? You
can find some example tax forms by visiting irs.gov/forms-instructions
1. Some strategies that you can use to prepare to file taxes each year include:
- Keeping track of all your income and expenses throughout the year, so you have accurate records to use when filing your taxes.
- Staying up to date on changes to tax laws and regulations, so you know what deductions and credits you may be eligible for.
- Using tax preparation software or hiring a tax professional to help you file your taxes, especially if your situation is complex.
- Filing your taxes early, so you have plenty of time to correct any errors or address any issues that arise.
The benefits of these strategies include:
- Reducing stress and anxiety around tax season, since you'll already have everything you need to file your taxes.
- Maximizing your deductions and credits, which can help you save money on your taxes.
- Avoiding penalties or fees for late or incorrect filings.
2. The benefits of taxes for societies and individuals include:
- Funding public goods and services, such as education, healthcare, infrastructure, and public safety.
- Redistributing wealth from higher-income to lower-income individuals through progressive taxation.
- Encouraging certain behaviors, such as charitable giving or environmentally-friendly practices, through tax incentives.
- Providing a sense of civic duty and responsibility, since taxes are a way for individuals to contribute to the common good.
3. Taxes can influence responsible financial planning in a number of ways. For example:
- Taxes can affect how much money you have available to save or invest, since they reduce your disposable income.
- Taxes can impact your retirement planning, since they may affect the amount of Social Security benefits you receive or the taxes you pay on retirement account withdrawals.
- Taxes can influence your spending decisions, since certain purchases may be tax-deductible or subject to different tax rates.
- Taxes can affect your estate planning, since they may impact the taxes your heirs will have to pay on inherited assets.
4. Four types of taxes that you pay (or are likely to pay in the future) include:
- Income tax, which is a tax on the money you earn from working or investing.
- Sales tax, which is a tax on the goods and services you purchase.
- Property tax, which is a tax on the value of real estate or other property you own.
- Estate tax, which is a tax on the value of your assets when you die.
5. Filling out a tax return can be challenging for a number of reasons, including:
- Understanding the complex tax code and regulations.
- Knowing which deductions and credits
Answer:
1. To prepare to file taxes each year, some strategies include keeping track of all sources of income and deductions throughout the year, reviewing tax laws and changes annually, using tax preparation software or hiring a tax professional, and filing taxes early. The benefits of these strategies include avoiding errors, potentially reducing tax liability, maximizing deductions and credits, avoiding penalties, and reducing stress and anxiety related to tax filing.
2. Taxes have several benefits for societies and individuals, including funding government programs and services such as education, healthcare, infrastructure, and national defense, promoting social welfare and equality, regulating the economy, and providing individuals with access to public goods and services. For individuals, taxes also fund social security and Medicare, provide tax credits and deductions for certain expenses, and incentivize charitable giving.
3. Taxes influence responsible financial planning by affecting income and expenses, as well as potential tax liabilities and benefits. For example, tax laws may incentivize saving for retirement or investing in certain types of accounts or assets by offering tax breaks, such as with IRAs or 401(k)s. Taxes may also affect decisions related to buying a home or making charitable donations, as these actions may provide tax benefits. Proper tax planning and management can help individuals maximize their financial resources and reduce tax liability, allowing for more effective financial planning and management.
4. Four types of taxes that individuals may pay include income taxes, sales taxes, property taxes, and excise taxes. Income taxes are taxes on wages, salaries, and other forms of income and may be federal, state, or local. Sales taxes are taxes on the purchase of goods or services and may vary by state or locality. Property taxes are taxes on the value of property, such as real estate, and are generally paid to local governments. Excise taxes are taxes on specific goods or services, such as gasoline or tobacco products.
5. Filling out a tax return can be challenging due to the complexity of tax laws and regulations, as well as the potential for errors or mistakes. Some of the challenges in filling out a tax return include accurately reporting income and expenses, maximizing deductions and credits, navigating tax laws related to specific situations or investments, and avoiding penalties or audits. It is important to review tax forms and instructions carefully and seek guidance from a tax professional or software if necessary.
Which type of behaviors accounts for most of the differences in both employee commitment and job performance?
A. Narcissistic behaviors
B. Change-oriented behaviors
C. Relationship-oriented behaviors
D. Emotional behaviors
E. Task-oriented behaviors
Answer:
Relationship-oriented behaviors
Explanation:
I did the assignment
Employee commitment is associated with the enhanced performance of the organization. Employee commitment has been linked to increased job satisfaction, motivation, and participation.
The business must place a greater emphasis on increasing employee dedication to superior efficiency.
The correct option is C. Relationship-oriented behaviors.
This is the correct option because the staff is offered task-oriented behavior in order to get things done and guarantee that corporate goals are reached. Showing care for employee sentiments and treating employees with respect are examples of people-oriented leader behavior.
People-oriented leaders sincerely care about their workers' well-being, and they show it through their personal behavior.
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Which best describes one of the primary aims of government fiscal policy?
How does disintermediation benefit the consumer? How might it harm the consumer? Can you think of any revolutionary businesses created in the past few years due to disintermediation? Be sure to describe one not mentioned already in the chapter.
Disintermediation in an economy keeps prices and predatory pricing in control since there are no retailers between wholesalers and customers.
The client loses store knowledge and may have to use a single wholesaler, which might lead to monopoly. Customer service is affected.
Airbnb, which connects consumers and searchers to property owners and hotels without agents, is an innovative company.
What is a consumer?Generally, The major advantage of disintermediation for consumers is lower costs and less predatory pricing since there is no store acting as an intermediary between a wholesaler and the consumer.
The only drawback for the consumer in such an agreement is that they may have to go with a single wholesaler, which might result in monopoly, and they lose out on the retailer's knowledge in the engagement. A customer's experience with the service is also affected.
When the platform connects consumers and searchers to home owners and hotels who sought a platform to engage and do business without any middlemen in between, Airbnb is the one revolutionary company that has occurred as a result of disintermediation.
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5. Proofreading to Catch Errors
After you compose your message, you need to proofread. The proofreading process may take longer than the composition process. You don’t want to spend a lot of time composing the message and then let poor grammar or punctuation prevent your audience from comprehending it.
What should you do when proofreading a routine document? Check all that apply.
Skim over grammatical errors.
Read from a printed copy.
Determine the format of your message.
Read one line at a time from a screen.
Read the following selection, and identify any errors.
Checking punctuation before sending your massage is important. When you proofread for punctuation errors make sure that introductory clauses are followed by commas, that compound sentences put commas before coordinating conjungations, and that semicolons and colons are used corectly.
This selection contains three misspelled words and one comma error.
This selection contains two spelling errors, one run-on sentence, and one comma error.
This selection is correct without any revisions.
Identify the error or style problem in the following sentences.
If anyone wants to come to my office to see my new computer let me know.
Punctuation
Grammar
Spelling
This is to inform you that I will be leaving work early today.
Redundancy
Long lead-in
Wordy noun phrase
This selection contains two grammar errors, one punctuation error, and one spelling error.
What is proofreading?
Proofreading is the process of carefully reviewing a written document to identify and correct errors in grammar, spelling, punctuation, word usage, and formatting. The purpose of proofreading is to ensure that the written work is clear, accurate, and free of errors that could distract the reader or cause confusion. It is an important step in the writing process, especially for professional documents, as it helps to improve the overall quality and credibility of the written work. Proofreading can be done on a printed copy or on a screen, and it is usually done after the composition process is complete.
Hence, the answer is, this selection contains two grammar errors, one punctuation error, and one spelling error.
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Bombas makes socks and T-shirts which it sells to consumers online. It uses the _______ channel.
Bombas makes socks and T-shirts which it sells to consumers online. It uses the Direct-to-consumer channel.
Direct-to-consumer (DTC) is a sales channel that allows brands to sell their products directly to consumers without the need for intermediaries like wholesalers or retailers. Bombas, a company that makes socks and T-shirts, uses the DTC channel to sell its products online. By doing so, Bombas can offer its products at a lower price point and have more control over the customer experience.
DTC also allows companies to gather valuable customer data and feedback, which can be used to improve products and marketing strategies. Overall, DTC has become a popular channel for many brands, especially those in the e-commerce space, looking to build strong relationships with their customers and increase profitability.
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If a firm wants to know why valuable employess are leaving the company, it will conduct
It will conduct exit interviews. This will assist you in determining why your staff are departing for alternative chances. A firm is a for-profit commercial organisation that provides professional services, such as a corporation, limited liability company (LLC), or partnership.
When you characterise someone as firm, you mean they act in a way that indicates they are not going to change their views or that they are in control. She needed to be tough with him. 'I don't want to see you anymore.' A firm is a business that sells services and products for profit, typically professional services. A firm, on the other hand, is a business that engages in any revenue-generating activity that involves the selling of goods and services.
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In December, a company signed a contract with a regular customer to sell products for $100,000. In January, the company received a payment of $100,000 from this customer for products to be delivered in February. Revenue regarding this transaction is recognized:
Answer: In January, when the products are delivered.
Save our homes amendment, annual homestead assessment increases are limited to what maximum percentage
Save our homes' amendment, annual homestead assessment increases are limited to 3% is the maximum percentage.
What is annual homestead assessment?A Florida constitutional amendment known as "Save our Houses" became operative in 1995. It caps the annual growth in the assessed valuation of homestead properties to 3%, or whatever amount is less than the change in the National Consumer Price Index.
Voters changed the Florida Constitution in 1992, creating Amendment 10, which limits the Assessed Value of properties with Homestead Exemption to 3% or the Consumer Price Index, whichever is less.
Thus, 3% is the maximum percentage.
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Hwat growth crises do you anticipate you may have to overcome over the next two years in order to grow your business
The growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:
To have new competitorsTo keep the supply chain running To remain relevant in the labour market come whatever challengesTo increase customers retentionWhat is business management?Business management can simply be defined as the productive coordination and organization of business activities. Business managers oversee operations
So therefore, the growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:
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explain Milton Friedman’s arguments against stakeholder theory
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Park competes with Cool World by providing a variety of rides. Sillyday sells tickets at $ 125 per person as a one-day entrance fee. Variable costs are $ 75 per person, and fixed costs are $ 325 comma 000 per month. Compute Sillyday Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Sillyday Park needs to break even.
Answer:
$50
6500
Explanation:
Contribution margin = price - per unit variable cost
$125 - $75 = $50
breakeven = fixed cost / contribution margin
= $325,000 / $50 = 6500
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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Which of the following statements includes a line described as net income? (Select all that apply.)
Adjusted trial balance
Balance sheet
Income statement
Statement of stockholders’ equity
It should be noted that the statements which includes a line described as net income is income statement .
What is an income statement ?An income statement can be regarded as the financial statement which display company's income and expenditures.
This statement can display how the company is performing, whether it's making profit or loss for a given period.
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do Businesses operate separately from society as a whole.
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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Blue Corporation is a manufacturing company which has decided to introduce a new line of merchandise on January 25, 2019. The company has experienced significant revenue and earnings growth in recent years and anticipates future growth to decline slightly, yet remain consistent with the strong industry average (10-15% annual revenue growth). Blue has incurred certain patent costs and considerable attorney fees, in addition to survey costs, management studies, salaries, insurance, and quality inspections.
Given the three alternative methods for handling research and experimental expenditures, which method(s) would be most appropriate for Blue Corporation? Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
Answer:
Throughout the clarification category following the table, the definition of the concern is listed.
Explanation:
(1)
Quantitative surveys will now be the safest approach.
Questionnaire fees including patent fees become traceable as research spending, and progress is in estimates. This approach is used where a numerical production that helps to address analysis questions needs to be established. If one wants a concrete statistic to justify the study, it is a very effective market research tool.(2)
The cost incurred shall be recorded in compliance with IND AS 38 if because when the study, as well as surveys, are performed.
Submission Requirements Hurry Pls Help ASAP!!!
Nine hundred word response.
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember complete sentence structure.
Paragraphs need to have minimum of six sentences.
Submit your E.T.H.I.C.S. model of one of the provided scenarios.
When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.
What is meant by Proofread?Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.
Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.
Thus, option B is correct.
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Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?
Answer: $3000
Explanation:
Based on the information given, the amount of loan that Milly needs will be the addition of the down payment and the cash allowance and this will be:
= Down payment + Cash allowance
= $2500 + $500
= $3000
Molly needs a loan of $3000
Answer:
Molly needs a $1,000 loan.
A catering company prepared and served 250 meals at an anniversary celebration last week using 7 workers. The week before, 8 workers prepared and served 200 meals at a wedding reception.
A) For which event was the labor productivity higher?
B) What are some possible reasons for the productivity differences?
Answer:
A) For which event was the labor productivity higher?
Productivity is defined as the capacity to produce with a set amount of inputs, these inputs being workers and capital. A higher productivity occurs when more output is produced with the same or less amount of inputs.
Labor productivity was higher for the the anniversary celebration last week because with 7 workers, the catering company managed to serve 250 meals. Meanwhile, the week before, with 1 more worker (8 in total), the company only served 200 meals.
B) What are some possible reasons for the productivity differences?
The reasons can be very varied. One common reason though is the law of diminishing marginal product. This economic law establishes that there is an optimal amount of workers to employ in an economic activity, and any amount above or below will be less productive.
In this case, the optimal amount may have been 7 workers, and adding the 8 worker could have created a productivity loss represented by the lesser production.