Answer and Explanation:
1)
BUDGETED SELLING PRICE $ 70 *
BUDGETED UNITS IN JULY 22000
BUDGETED SALES $ 1,540,000
2)
SALES
CASH 40% $ 616,000
CREDIT 60 % OF PREVIOUS MONTH $ 382,200
RAW MATERIAL
RAW MATERIAL PURCHASES COST
40 % PAID NOW JULY $260900 $ 104,360
60 % PREVIOUS MONTH JUNE $ 159980 $ 95,988
LABOR
$12 PER HOUR * (24980 * 2)$ 599,520
VARIABLE EXPENSES $ 37,400
($1.70 * 22000)
FIXED EXPENSES $ 61,000
CASH INFLOW $ 99,932
3)
SALES IN JULY $ 1,540,000
60 % OUTSTANDING $ 924,000
4) 2980 UNITS SHOULD BE PRODUCED
JUNE JULY AUGUST SEP
SALES UNIT 9100 22000 24000 25000
CLOSING UNITS4400 4800 5000 -
20% OF NEXT MONTH SALE
OPENING UNITS - 1820 4400 4800
20% OF PREVIOUS MONTH SALE
FINISHED GOODS REQUIRED
13500 24980 24600 20200
SALES + CLOSING - OPENING
RAW MATERIAL REQUIRED
54000 99920 98400 80800
FINISHED GOODS REQUIRED * 4
CLOSING UNITS9992 9840 8080 -
10% OF NEXT MONTH NEEDS
OPENING UNITS - 5400 9992 9840
10% OF PREVIOUS MONTH NEEDS
RAW MATERIAL PURCHASES
63992 104360 96488 70960
Someone who takes charge and solves problems without being asked to is demonstrating.
a. loyalty
b. malleability
c. cooperativeness
d. initiative
.
Answer:
D.
Explanation:
True or False: The term crawling peg implies that par value changes are implemented in a large number of small steps. The crawling peg mechanism has been used primarily by nations having high inflation rates.
Answer:true
Explanation:
The five stress in the workplace
The five stress in the workplace
WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balanceThe five stress in the workplaceStress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.
Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.
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The percentages in the table represent the performance change from the previous month. Consider the impact of each metric on customer questions.
Metric Month 1 Month 2 Month 3
% Customer Questions +8% +10% +12%
% Shipped On Time -10% -7% -5%
% Shipped Incorrectly +2% +4% +4%
% Discounted +18% +18% +14%
Units Shipped (Thousands) 80 85 100
Question 2 of 4
How impactful were shipping errors on customer questions?
Based on the metrics given, we can say that shipping errors were not very impactful on customer questions.
Relationships between metricsCustomer questions kept rising by 2% from the first month till the third month. Shipping errors (shipped incorrectly) rose by 2% from the first to the second month and then stayed constant.What we then realize is that even though questions kept rising, shipping errors only rose once which means that shipping errors did not account for much of customer questions. If it did, the customer questions would have stayed constant as well.
In conclusion, shipping errors were not very impactful.
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Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:
Month Units Shipped Total Shipping Expense
January 3 $ 2,300 February 6 $ 2,800 March 4 $ 2,200 April 5 $ 2,500 May 7 $ 2,800 June 8 $ 3,800 July 2 $ 1,700
In July, 2 units were shipped with a total shipping expense of $1,700.
What is shipping expense ?Shipping expense is the cost associated with transporting goods from one location to another. It includes the cost of packaging, freight, insurance, and any other fees associated with the movement of goods. Shipping expense can also refer to the cost of shipping services, such as the cost of hiring a third-party logistics provider, or arranging for a courier to transport goods. Shipping expense can vary widely depending on the size and weight of the item, the destination, and the type of shipping service used.
The data shows the number of units shipped and total shipping expense for the months of January through July. The data reveals that Archer Company shipped 3 units in January and 6 units in February, both with a total shipping expense of $2,300 and $2,800 respectively. In March, 4 units were shipped with a total shipping expense of $2,200. In April, 5 units were shipped with a total shipping expense of $2,500, and in May 7 units were shipped with a total shipping expense of $2,800. In June, 8 units were shipped with a total shipping expense of $3,800. Finally, in July, 2 units were shipped with a total shipping expense of $1,700.
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17-1: Many multinational and global companies use ethnocentric staffing in their operations abroad. Why do you think a company might prefer to have someone from home country in top management positions? If you were hired as a consultant, would you recommend that a multinational or global business change its policy? Explain.
17-2: Culture shock is commonly experienced by people living in an unfamiliar culture. Yet not all people experience it, and not all people feel its effects in the same way nor to the same extent. Some experts advise psychological testing to determine one's likelihood of handling such an adjustment. What psychological attributes do you suppose are advantageous in this situation? What sort of training do you think could help someone adapt more easily to a new culture? Explain.
Many multinational and global companies use ethnocentric staffing in their operations abroad for reasons such as cultural familiarity, language similarity. psychological attributes that are beneficial in adapting are flexibility, desire to learn more and accept others openly.
In addition to encouraging consistency in management procedures, an ethnocentric staffing policy may also make communication and decision making easier. However, such a policy might also restrict diversity and make it more difficult for the business to respond to local market circumstances or capitalize on local talent. If appointed as a consultant I would suggest multinational companies to adopt a more geocentric staffing strategy that promotes diversity and inclusion while striking a balance between local and global perspectives.
The psychological qualities of openness to new experiences, flexibility, empathy, and resilience are helpful in adjusting to a new culture. These characteristics increase a person propensity to be receptive to new ideas, adaptable to novel circumstances and equipped to deal with the difficulties of integrating into a foreign culture. Intercultural communication classes and language and cultural immersion programs are all types of training that could make it easier for someone to adapt to a new culture.
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Suppose that the change in a product's price is 10%, and this causes an 8% change in quantity demanded. The product's demand elasticity is
The concept of demand elasticity is crucial for understanding the relationship between changes in price and changes in quantity demanded of a product.
In this scenario, we are given that the change in the price of a product is 10%, and this leads to an 8% change in the quantity demanded. We can use this information to calculate the product's demand elasticity.
Demand elasticity is the measure of the responsiveness of the quantity demanded of a product to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. Therefore, in this scenario, the demand elasticity can be calculated as:
Demand elasticity = (% change in quantity demanded) / (% change in price)
Demand elasticity = (8% / 10%)
Demand elasticity = 0.8
The demand elasticity in this scenario is 0.8, which means that the product's demand is relatively inelastic. Inelastic demand means that changes in price have a relatively small impact on the quantity demanded of the product. This is because the percentage change in quantity demanded is less than the percentage change in price.
Overall, understanding the concept of demand elasticity is essential for businesses to make informed decisions about pricing strategies. In this scenario, the product's relatively inelastic demand suggests that changes in price may not have a significant impact on the quantity demanded, and businesses may need to consider other factors when deciding on pricing strategies.
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One opportunity cost families face is the time value of money. What does this refer to?
You Answered
the income one gets from a part-time job
the time spent with loved ones
the change in interest rates over a period of time
Correct Answer
the monetary increase found in earning interest
Your answer said it was option A. That was wrong, it is option D: the monetary increase found in earning interest.
The given statement “One opportunity cost families face is the time value of money” refers to the income one gets from a part-time job. Hence, Option A is correct.
What does money's opportunity cost entail?
What you lose while choosing between two or more options is measured in terms of opportunity cost. This fundamental idea applies to both investing and everyday life.
Opportunity cost is the amount of money you might have lost out on by buying one asset over another while making an investment.
What does opportunity cost mean exactly?
The opportunity cost of a decision is whatever must be given up in order to make it, hence it is the financial expense incurred while making a choice.
Opportunity cost is demonstrated by the fact that when someone chooses to attend college, they forfeit the chance to work and earn money during that time.
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Answer:
the monetary increase found in earning interest
Explanation:
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours 30,900 Total fixed manufacturing overhead cost $ 154,500 Variable manufacturing overhead per machine-hour $ 3
Recently, Job T687 was completed with the following characteristics:
Number of units in the job 10 Total machine-hours 30 rect materials $740 Direct labor cost $1,480
The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
a. $240.00
b. $154.50
c. $48.00
d. $338.40
Answer:
a. $240.00
Explanation:
Total variable overhead estimated = $3 * 30,900
Total variable overhead estimated = $92,700
Total overhead estimated = Total variable overhead estimated + Total fixed overhead estimated
Total overhead estimated = $92,700 + $154,500
Total overhead estimated = $247,200
Predetermined overhead rate = $247,200 / 30,900
Predetermined overhead rate = $8
Total machine-hours = 30
Amount of overhead applied to Job T687:
= $8 * 30 hours
= $240.00
You will prepare a SWOT analysis using James Avery . As a reminder, your company's strengths and weaknesses are internal, issues you have control over and can modify. Opportunities and threats are external; matters going on outside your company, in the larger global market
James Avery's strengths lie in its strong brand image, product differentiation, and customer loyalty, but it faces weaknesses in limited international presence and production constraints, while opportunities lie in market expansion and customization, and threats include intense competition and changing consumer preferences.
SWOT Analysis of James Avery:
Strengths:
Strong Brand Image: James Avery has a well-established and recognized brand known for its high-quality craftsmanship and unique designs.
Product Differentiation: The company offers a wide range of handcrafted jewelry pieces, allowing it to stand out in the market and cater to diverse customer preferences.
Customer Loyalty: James Avery has a loyal customer base due to its reputation for superior customer service, personalized shopping experiences, and long-lasting jewelry.
Vertical Integration: The company controls its entire production process, from design to manufacturing, ensuring quality control and efficient operations.
Retail Presence: With over 90 retail stores and a strong online presence, James Avery has a widespread reach, providing convenient access to its products.
Weaknesses:
Limited International Presence: The company primarily operates within the United States, limiting its exposure to global markets and potential customers.
Relatively High Price Point: James Avery's handcrafted jewelry often comes with a higher price tag compared to mass-produced alternatives, potentially limiting its market share among price-sensitive customers.
Dependency on Traditional Designs: While the company's traditional designs have been popular, there is a need to continually innovate and adapt to changing fashion trends to appeal to a wider audience.
Production Constraints: Handcrafted jewelry production can have limitations in terms of scalability and speed, which may affect the company's ability to meet increasing demand.
Opportunities:
Market Expansion: James Avery can explore international markets and expand its retail footprint to reach a larger customer base.
Online Sales Growth: The company can capitalize on the growing e-commerce trend by enhancing its online platform and digital marketing strategies.
Customization and Personalization: Offering customizable jewelry options can attract customers seeking unique and personalized pieces.
Collaboration and Partnerships: Collaborating with fashion designers or influencers can help James Avery reach new audiences and create exclusive collections.
Threats:
Intense Competition: The jewelry industry is highly competitive, with both traditional and online retailers vying for market share.
Economic Factors: Economic fluctuations, recessions, or changes in consumer spending patterns can impact discretionary purchases like jewelry.
Counterfeit Products: The presence of counterfeit jewelry in the market poses a threat to James Avery's brand reputation and sales.
Changing Consumer Preferences: Shifting fashion trends or evolving consumer preferences may require the company to adapt its designs and offerings to stay relevant.
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Which one of the following represents the two views of managerial impact on the
success or failure of the organization?
O Reflective and interactive
O Symbolic and interactive
O Omnipotent and symbolic
O Omnipotent and reflective
Answer:
C
Explanation:
1-800 Contacts is based in Draper, Utah, and sells contact lenses manufactured by other well-known companies, including Johnson & Johnson Vision Care,
Ciba Vision, Bausch & Lomb, and CooperVision. It would most likely be classified as a(n)
Multiple Choice
O
reseller
industrial firm
health care provider
industrial service provider.
government agency.
It would most likely be classified as an industrial service provider. Hence, option D is correct.
What is industrial service provider?Industrial services are those offered to customers who are primarily involved in a process that converts raw materials or unfinished goods into another form or outcome, such the creation of energy.
A service provider is a person or business that provides services to another party. The provision of services between a service provider and a business is typically governed by a service agreement.
Thus, option D is correct.
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What are some strategies that you can use to prepare to file taxes each year? What would be
the benefits of these strategies?
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Dividend reinvestment plans (DRIPs) allow shareholders to reinvest their dividends in the company itself by purchasing additional shares rather than being paid out in cash. Understanding how dividend reinvestment plans work dividend reinvestment program invests the dividends in newly issued stock. This type of plan raises new capital for the firm. levels of participation in a dividend reinvestment program suggest that shareholders would be better served if the firm reduced its cash dividends. Why do firms use dividend reinvestment plans? Companies decide to start, continue, or terminate their dividend reinvestment plans for their shareholders based on the firms' need for equity capital. A firm might consider to using DRIPs if it needs additional equity capital.
Companies utilise dividend reinvestment plans because they automatically purchase new corporate shares with the money received from dividend-paying equities.
What are known as dividend reinvestment plans, or DRIPs, are used by hundreds of publicly traded companies. At each quarterly dividend payment, they dribble the company's dividend into fresh shares of their own stock, just like the form. Companies operate these programmes with no current benefit to you.
A generic phrase used to describe the ownership certificates of any corporation is "stock." On the other hand, a share refers to the certificate of a certain corporation. You become a stockholder if you possess shares of a particular corporation. Description: There are two categories of stocks: common and popular.
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what will be the after tax equity from the sale?
Explanation:
not a full question, please repeat the full question
3. What is the most appropriate method to collect average number of cars using the new highway in a month time? (A) Observation (B) Telephone interview (C) Questionnaire (D) Experiment
The most appropriate method to collect the average number of cars using the new highway in a month's time would be (A) Observation. This method allows for accurate and direct counting of cars without relying on self-reported data, which could be subject to bias or errors in recall.
Observation involves directly observing and recording the behavior or phenomenon of interest, without relying on self-report from participants. In this case, an observer could be stationed at various points along the highway to count the number of cars that pass by over the course of a month. This method would provide an accurate count of the number of cars using the highway and would not rely on self-report from drivers.Telephone interviews and questionnaires are methods of self-report, which may be subject to bias or inaccuracies. For example, individuals may not accurately remember or report the number of times they used the highway in a month. These methods may also suffer from response biases, such as social desirability bias, where individuals may provide answers that they believe are socially acceptable, rather than truthful.
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Thinking Critically and Solving Problems
The number of accidents at a manufacturing facility has been increasing every year. Most of the accidents are
because employees do not follow standard procedures. The company's leaders want to apply systems thinking to
find solutions.
Which is the BEST first step when applying systems thinking and which is the WORST first step?
Posttest
1. Identify which teams should be evaluated to determine their role in causing the accidents.
2. Identify and evaluate all the potential consequences for each possible solution.
3. Identify patterns of employee behavior and examine what influences the patterns.
4. Identify solutions to solve smaller problems while studying the larger problem.
Which is the BEST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
Which is the WORST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
Question 23 of 25
4
Submit
From the given options, Best option for situation handling is option 3 " Identify patterns of employee behavior and examine what influences the patterns." and worst is option 1 "Identify which teams should be evaluated to determine their role in causing the accidents."
What is Situation handling?Situation handling is a concept for alerting particular user groups about business issues. By compiling all pertinent data and putting forward options, it assists the user in identifying, comprehending, and resolving the dilemma.
Situation Handling is a framework that automatically recognizes, monitors, and alerts users of specific concerns in your company that need their attention. You can choose from a number of methods, like as notifications, list views, or specific object pages, to inform your users about such scenarios in your organization. Additionally, you may offer your users information about these circumstances so they can make informed decisions and suggested solutions so the issues are resolved as quickly and effectively as feasible.
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Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?
Explanation:
My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.
__
My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.
__
One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)
You and 11 coworkers just won $16 million ($ 1,333,333,33 each) from the state lottery. what is the present value of your prize before taxes if you request the 'up-front cash' option?
The present value of your prize before taxes if you request the 'up-front cash' option is $.
Based on the amount that you won and the return earned by the state lottery, the present value of the "up-front cash" is $715,450.96
What is the present value?Over 17 years, the amount per year is:
= 1,333,333.33 / 7
= $78,431.37
This amount is the same every year so the present value will be that of an annuity.
The present value is:
= Annuity amount x present value interest factor of annuity, 17 years, 8%
= 78,431.37 x 9.122
= $715,451.96
Missing part of question:
Assuming you cach receive your share over 17 years and that the state lottery earns a 8 percent retum on its funds,
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salvatore has the opportunity to invest in a scheme that will pay $6,496 at the end of each of the next 5 years. he must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. assume that the interest rate is 6%. then, the present value of this investment is $ . (round your answer to two decimal places)
Salvatore has the opportunity to invest in a scheme that will pay $5000 at the end of each of the next 5 years. He must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. $ 3189.80 is the present value of this investment if the interest rate is 3%.
An investment is the giving of money to purchase an asset in order to achieve an increase in value over a period of time. Investment requires the sacrifice of some current asset such as time, money or effort.In finance, the purpose of investing is to generate a return on the invested asset. Income can consist of a gain (gain) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), investment income such as dividends, interest or rental income, or a combination of capital gain and income. Income may also include currency gains or losses due to changes in foreign currency exchange rates.
Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is generally low as well. Similarly, high risk comes with the possibility of high losses. Investors, especially novices, are often advised to diversify their portfolios. Diversification has a statistical effect of reducing the overall ri
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2. How would each of the following affect the demand for money ? a a tax on bonds held by individuals b . a forecast by the Central bank that interest rates will rise sharply in the next quarter
Is the manager of telkom actively involved in the decisions of the business
A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.
Who is a Manager?This refers to the person that is in charge of coordinating the activities of a group of individuals.
Hence, we can see that A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.
He makes direct decisions for his business.
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Develop another plan for the Mexican roofing manufacturer described in Examples 1 to 4 (pages 538 – 542 ) and Solved
Problem 13.1 (page 554 ).
a) For this plan, plan 5, the firm wants to maintain a constant
workforce of six, using subcontracting to meet remaining
demand. Is this plan preferable?
b) The same roofing manufacturer in Examples 1 to 4 and Solved
Problem 13.1 has yet a sixth plan. A constant workforce of seven
is selected, with the remainder of demand filled by subcontracting.
c) Is this better than plans 1–5?
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $19,100 Polyester filling 5,700 Lumber 42,800 Glue 1,800 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $96,600 Polyester filling 134,300 Lumber 264,700 Glue 9,200 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $34,800 $43,800 $117,300 $195,900 Job 602 26,800 47,700 102,700 177,200 Job 603 24,700 32,400 57,100 114,200 Factory overhead-indirect materials $4,500 4,500 Total $86,300 $123,900 $277,100 $4,500 $491,800 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.
Answer:
A.Dr Materials 504,800
Cr Account payable 504,800
B.Dr Work in process 487,300
Dr Factory overhead 4500
Cr Materials 491,800
C.Fabric Ployester filling Lumber Glue
$29,400 $16,100 $30,400 $6,500
Explanation:
Entries for Materials Kingsford Furnishings
a) Journal entry
Fabric $96,600
Polyester filling 134,300
Lumber 264,700
Glue 9,200
Total 504,800
Dr Materials 504,800
Cr Account payable 504,800
b) Journal entry
Dr Work in process 487,300
(491,800-4500)
Dr Factory overhead 4500
Cr Materials 491,800
c) Calculation of the ending balance
Fabric Ployester filling Lumber Glue
Beginning balance
$19,100 5,700 42,800 1,800
Purchase
$96,600 134,300 264,700 9,200
Used
-$86,300 -$123,900 -$277,100 -$4,500
Ending balance
$29,400 $16,100 $30,400 $6,500
Why do you want become entrepreneur
Answer:
It earn a living.
Explanation:
hope that will help you
Where to write the account name? *
a)At the bottom of T account
b)At the top of T account
c)In the debit side
d)In the credit side
Answer:
b)At the top of T account
Explanation:
The account name is always written at the top of a T account. The account name is also the account title.
A T account has a standard format. The title or the name is what differentiates them.
A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include
Answer:
a. A credit to Premium on Bond Payable $7,850
Multiple-choices
a. A credit to Premium on Bonds Payable of $7,850.
b. A debit to Discount on Bonds Payable of $7,850
c. A credit to Cash of $100.000.
d. A credit to Bonds Payable of $107850
Explanation:
Bonds issued at a premium mean a customer pays a higher price than the face value. In this case, the premium amount is the difference between $107,850 and $100,000. When bonds are issued at a premium, the premium amount is debited to a premium bond account.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
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