The Department of Homeland Security, created in 2002, created the second-largest government agency in the country (second only to the Department of Defense). The creation of this agency was highly controversial in the United States Congress for two primary reasons. First, the cost of administration of the new agency immediately created a new, huge financial obligation of the government that did not exist previously and, secondly, the new agency became an "umbrella" agency that managed twenty-two previously autonomous agencies already assigned the basic mission directives of security within the United States. Are these alleged criticisms valid, or did a new need exist?
Answers
The validity of the criticisms depends on individual perspectives and the specific outcomes and effectiveness of the DHS since its establishment. It is worth noting that the DHS plays a critical role in securing the country, coordinating counterterrorism efforts, and responding to natural disasters. Assessing its effectiveness requires a comprehensive evaluation of its performance, effectiveness in preventing security threats, and the overall impact on national security.
The alleged criticisms of the creation of the Department of Homeland Security (DHS) are subjective and can be evaluated from different perspectives. It is important to note that the response provided here represents an analysis rather than an opinion.
1. Cost of administration: The creation of any new government agency will naturally come with costs associated with its administration. The establishment of the DHS did result in increased financial obligations for the government. However, the need for a consolidated agency responsible for homeland security was argued to be necessary after the 9/11 terrorist attacks. Supporters of the DHS argued that the cost was justified in order to strengthen national security and improve coordination among various agencies involved in security matters.
2. Consolidation of agencies: The creation of the DHS brought together multiple agencies that were previously separate entities, with each having its own mission directives related to security. The intent behind this consolidation was to improve coordination, communication, and intelligence sharing among these agencies, fostering a more effective response to security threats. Critics raised concerns about potential bureaucratic challenges, integration difficulties, and the loss of autonomy for the individual agencies. However, proponents argued that a more unified approach to homeland security was needed to address the evolving and complex threats faced by the United States.
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Related Questions
Steak Company acquired a building valued at $163,000 for property tax purposes in exchange for 10,200 shares of its $7 par common stock. The sKansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Kansas Company?
$180,000
$210,000
$120,000
$60,000
Answers
The Kansas Company should record the building acquired at $210,000, the value for property tax purposes. The fair value of the shares issued for the acquisition of the building should be considered to determine the cost of the building to the Kansas Company.
The Steak Company acquired a building valued at $163,000 for 10,200 shares of its $7 par common stock. The fair value of the shares can be calculated as follows: 10,200 shares x $15 per share = $153,000 Therefore, the Steak Company recorded the building at $153,000, the fair value of the shares issued.
Similarly, the fair value of the shares issued by the Kansas Company for the acquisition of the building can be calculated as follows: 12,000 shares x $15 per share = $180,000 MSince the fair value of the shares issued by the Kansas Company is greater than the value of the building for property tax purposes, the building should be recorded at $210,000, the value for property tax purposes.
In conclusion, the Kansas Company should record the building acquired at $210,000, which is the value for property tax purposes. The fair value of the shares issued for the acquisition of the building should be considered to determine the cost of the building to the Kansas Company.
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The correct option is the building should be recorded by Kansas Company at $180,000.
To determine the correct amount, we need to compare the fair value of the building to the fair value of the stock issued in exchange.
In this case, the building is valued at $210,000 for property tax purposes. However, the stock issued by Kansas Company is traded widely and has a selling price of $15 per share.
Since the fair value of the stock issued ($180,000) matches the fair value of the building ($210,000), the building should be recorded at $180,000 by Kansas Company.
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Using information from knowing why outsourcing is the best, why does it appear that Apple outsources to China?
Answers
Apple outsources to China because it offers lower manufacturing costs and access to a large pool of skilled labor. China has a strong manufacturing infrastructure, with many factories and suppliers that can produce high-quality components at a lower cost than in many other countries. Additionally, China has a large and highly skilled workforce, which is capable of producing large volumes of products with high levels of precision and quality. By outsourcing to China, Apple is able to take advantage of these benefits, while also benefiting from the country's strong intellectual property protection laws, which help to safeguard Apple's proprietary technology and designs. Overall, outsourcing to China allows Apple to reduce manufacturing costs, increase production efficiency, and maintain high levels of quality, which can help to improve its competitiveness in the global market.
Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answers
Answer:
im not aure
Explanation:
im not aure
Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
Answers
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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From a corporation’s point of view, does the tax treatment of dividends and interest paid favor the use of debt financing or equity financing?.
Answers
How Red Robin Is Trying to Fly High
Red Robin operates more than 550 casual restaurants in the United States and Canada. The burger-focused company, based in Greenwood Village, Colorado, has been struggling with sales declines in a difficult business environment. Consumers today have many alternatives to cooking, including a wide array of restaurants and services that will deliver prepared food. At the same time, restaurants have difficulty limiting the cost of labor, for two reasons. First, the minimum wages paid to many restaurant workers have been rising, and second, the demand for workers has been high, as reflected in several years of low nationwide unemployment rates.
Under the leadership of former chief operating officer Guy Constant, whose background is in finance, the company decided to meet the competitive challenge with a focus on labor costs. They announced what they called a team service model, which involved having employees perform a wider variety of tasks. Instead of having bussers clear tables alongside servers, the servers would take orders and clear tables. And the restaurants’ hosts would also handle carryout orders when customers came to pick them up. Along with these changes, the restaurants cut back on the number of workers scheduled for shifts. These moves did indeed reduce the cost of labor as a percentage of sales. The problem was that sales also fell, posting quarterly declines almost every quarter for four years, dragging down profits with them. Constant acknowledged that the changes in staffing had made it difficult for restaurants to maintain consistent quality. Trying to compete by emphasizing low-price deals only made the profit situation worse. Constant eventually was dismissed, and his boss, chief executive Denny Marie Post, also was replaced.
Other performance metrics also signaled trouble. Following the switch to the team service model, customer wait times increased, and so did the ticket time: the number of minutes from submission of a diner’s order ticket to delivery of food to the table. The number of people who left before being served jumped 85% in one year. At the same time, the company was having more trouble keeping employees. It had many open positions for managers in the restaurants.
Red Robin brought in a new CEO, Paul Murphy, from his previous position at Noodles & Company to turn around the company just as it was reporting its first quarter of sales gains in a year and a half. Murphy has been focusing on quality improvements in the food and service. Instead of lowering costs by expanding employees’ responsibilities, the company intends to focus on how technology such as handheld devices to take orders can bring efficiency to restaurant operations. The chain also is improving schedules so that the busy hours are more heavily covered by staff. The company also is testing more generous pay for managers. Although this raises costs, Murphy notes that attracting and keeping experienced managers is associated with better restaurant performance, including financial performance.
With regard to food, Red Robin has been expanding its arrangement to sell Donatos pizza in its restaurants. At the same time, Murphy aims to cut the number of menu items by 10% to streamline service and also to investigate new ingredients to improve the appeal of menu items in line with what customers are seeking from Red Robin’s competitors. And he has set a goal to build loyalty while shaving costs by enticing customers to order direct from the company’s website, rather than through a third-party delivery service.
Early results have been positive, and not just in continued sales gains at stores open at least a year. Customer visits were still down, but customers were spending more per check, and sales have been increasing for catering and delivered food. Traffic in restaurants with Donatos pizza on the menu have actually seen an upswing in the number of customers. Murphy reported that manager positions have been fully staffed and there is lower turnover of hourly employees. The result is more experienced employees, who are better able to handle the traffic and keep customers satisfied. Ticket times have gotten shorter as well. Despite stores being shutdown in some states for several months due to the COVID-19 pandemic, Murphy has predicted steady growth in revenues, as the initiatives to improve service take off.
PLEASE EXPLAIN IN DETAIL AND WITH OPINION
How do you think Mary Parker Follett would have addressed the challenge of improving productivity in Red Robin’s restaurants? Would her approach have helped the company? Why or why not?
Give an example of a type of problem management science could solve for Red Robin. What limits, if any, do you see on the ability of management science to help Red Robin’s managers solve business challenges described in this case?
Answers
Mary Parker Follett was a management theorist known for her emphasis on collaborative and participatory approaches to management. Her ideas focused on the importance of integrating the expertise and contributions of employees in decision-making and problem-solving processes.
Collaboration and Empowerment: Follett would advocate for involving employees at all levels in the decision-making process. She would encourage managers to seek input from front-line staff regarding operational improvements, such as streamlining processes, reducing wait times, or enhancing customer service. By empowering employees and valuing their expertise, Follett believed that organizations could tap productivityimprovements.Cross-Functional Teams: Follett would promote the formation of cross-functional teams within Red Robin's restaurants. These teams would bring together employees from different areas, such as servers, hosts, cooks, and managers, to collaboratively identify and solve productivity-related issues. By fostering teamwork and cooperation, Follett believed that organizations could leverage the diverse skills and perspectives of their employees to find innovative solutions.Training and Skill Development: Follett emphasized the importance of investing in employee training and skill development. She would encourage Red Robin to provide comprehensive training programs to ensure that employees are equipped with the necessary skills and knowledge to perform their tasks efficiently. By enhancing employee capabilities, organizations can improve productivity and deliver better service to customers.Continuous Improvement: Follett would emphasize the need for a culture of continuous improvement within Red Robin's restaurants. She would advocate for regular feedback loops, where employees are encouraged to share their ideas, provide suggestions, and offer insights on potential productivity enhancements. By fostering a culture of continuous learning and improvement, organizations can adapt to changing customer preferences and market demands.
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4. Identify three factors that can lead to conflict in a hospitality environment
Answers
Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.
Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.
Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.
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Which four of the following are examples of peripheral devices?
Select 4 correct answer(s)
A. Integrated speakers
B. Keyboard (cordless or bluetooth)
C. Headset
D. Printer
E. Integrated camera
F. Joystick
Answers
Answer:
Keyboard
Headset
Printer
Joystick
Yw :))
If I Want to be a Child Pycoligest, what would the steps be to become this.
Answers
Answer:
................
Explanation:
Step 1: Three-year accredited undergraduate psychology sequence.
Step 2: Fourth-year accredited psychology studies.
Step 3: Internship pathway or postgraduate study to general registration.
According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory
Answers
The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
Explain about the foreign direct investment?The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).
For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
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Check all that apply.
Why are employers wary of hiring inexperienced workers?
- They do not know how to work.
- They have no track record (of character).
- They require training.
- They may not be reliable.
Answers
Answer:
all od the above but it depends on the employer
seasonal inventory allows a firm to maintain a smooth production flow throughout the year. group of answer choices true false
Answers
The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
What is seasonal inventory?Seasonal inventory can be defined as the practice of storing items, such as consumer products, materials, or commodities when they are in high demand and then selling them off when demand decreases.
It is an inventory management technique used by businesses to ensure they have enough stock to meet demand during peak periods and avoid overstocking during low periods.
What is production flow?Production flow is the process of taking a raw material and transforming it into a final product. It involves a series of sequential steps and activities that lead to the manufacture of a finished product. It includes all the stages of production, from the procurement of raw materials to the delivery of finished goods to the customer.
Seasonal inventory allows a business to keep its production flow consistent throughout the year by ensuring that enough raw materials are available to meet demand during peak periods. It also prevents overstocking during low periods, ensuring that the business maintains its profitability.
As a result, seasonal inventory management can help companies maintain a more efficient and cost-effective production process.
Hence, The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
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Why should you check the end credit before captioning a movie?
Answers
Checking the end credit before captioning a movie is important to ensure accuracy and completeness of the captions.
End credits often contain important information about the cast and crew involved in making the movie, including names, job titles, and other relevant details. By checking the end credit, a captioner can ensure that all the necessary names and information are accurately captioned, providing a complete and informative viewing experience for individuals who are deaf or hard-of-hearing. Additionally, checking the end credit can help to avoid errors or omissions in the captions, which could lead to confusion or misunderstandings for viewers. Overall, checking the end credit is an important step in the captioning process that helps to ensure quality and accuracy of the final product.
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PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answers
Answer:
Is health care federal state or local?
The U.S. Department of Health and Human Services is the federal government's principal agency involved with health care services. The states cofund and administer their CHIP and Medicaid programs according to federal regulations. (goo gle)
Explanation:
hope this helps
According to the video, what skills do urban and regional planners need?
Answers
Answer:
communication skills
computer skills
negotiation skills
Urban and Regional Planners need Analytical skills, Communication skills, Decision making skills, and Leadership skills.
Who are Urban and Regional Planners?Among other areas of interest, urban and regional planners may choose to specialize in topics like transportation planning, community development, historic preservation, or urban design. Public servants, civil and environmental engineers, architects, attorneys, and real estate developers are all common collaborators with planners.
The skills that Urban and regional planners need to posses are:
Knowledge of urban spatial structure or physical design and the way in which cities work.Ability to analyze demographic information to discern trends in population, employment, and health.Knowledge of plan-making and project evaluation.Therefore, analytical skills, communication skills, decision making skills, and leadership skills are required by urban and regional planners .
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Identify the type of business.
Exporting
does not require setting up any manufacturing plant in the nations the products are marketed. It involves producing goods locally.
Answers
General and legal and political environment
WHAT IS THE WORLDS LARGEST PEANUT 50 points
Answers
Answer:
I AM THE LARGEST PEANUT
Explanation:
Answer:
Unveiled with fanfare on a chilly Friday, Nov. 15, 1974, it's 3 feet long and 18 inches around, crafted of 50 pounds of aluminum and dedicated to the Bryan County Peanut Growers and Processors
What challenges do managers of these warehouses face when the unemployment rate is low? when the rate is high?
Answers
The challenges that warehouse managers face when the unemployment rate is low is to reduce the supply of labor available to fill the job openings.
When there is an increase in the unemployment rate, there can be significant impacts on the business, such as a reduction in the purchasing power of consumers and, consequently, a lower turnover of stock.
What strategies should managers develop to deal with unemployment rates?It is essential that there is an active management of talent in the organization, that is, managers must seek to reduce employee turnover by improving working conditions and benefits, positively altering the employee's perception, which increases the sense of appreciation of the your job.
Therefore, there are necessary strategies that must be developed to reduce the risks associated with high or low unemployment rates, so that these situations do not significantly impact the business and put an organization's operations at risk.
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a bank form which lists the checks, currency, and coins an account holder is adding to a bank account.
Answers
The checks, cash, and coins that are being added to a bank account are listed on a deposit slip.
One can deposit and withdraw money from a bank account, make payments, send money to another person or organisation, pay bills online, and more. Bank accounts allow for cashless transactions and the receipt of direct deposits from employers or other organisations.
Opening a bank account can be one of the most crucial actions to achieve financial objectives. Because keeping money in an FDIC-insured bank account can provide monetary security, simple access to funds, cost savings from check cashing costs, and general monetary peace of mind.
Deposit account funds are used by banks to fund loans to other people or companies. The borrower pays interest on those loans to the bank in return.
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Similarities between job-order costing and process costing include the ______.
Answers
The similarities between job-order costing and process costing include the following:
Same purposeSame cost flows.Usage of predetermined overhead rates.What is Costing?This is defined as the estimated cost of producing goods and services in a company.
Both types of costs determine the cost of products and also have the same cost flows.
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Which merit good does the U.S. government provide through a payroll tax?
A. Infrastructure
B. Retirement benefits
OC. Consumer protection
D. National defense
Answers
What worthwhile services does the American government offer through a payroll tax B. Retirement benefits
How does retirement benefit work?Employees who have retirement benefits are still eligible to receive benefits after leaving their jobs. Both a set monthly payment over the course of the person's lifetime and a lump sum are options for these benefits' distribution.
Are Social Security and retirement benefits the same?Social Security is a basic income program for senior citizens that is guaranteed by the government and is funded by a separate levy on both employees and employers. Other forms of retirement savings, such as a 401(k) or an IRA, are advocated because Social Security will typically not be sufficient for retirees without a pension.
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A company's ______ help guide present decisions and create a path to follow for future development.
Answers
A company's objectives help guide present decisions and create a path to follow for future development.
For the purposes of this Act, future construction will be regarded as a component of the same residential project. It is made clear that, under the Act, PROMOTER/DEVELOPER may further categorize Future Development into several sorts, and each of these categories will be treated as a separate Project. All these developments are hereinafter referred collectively as “PROJECT”. The Allottee and the PROMOTER/DEVELOPER have a binding agreement that, in the event of any Future Development, the Allottees of the Country Home section shall have full and unrestricted access to the Common Areas and shall be entitled to use all the common amenities. The Country Home section of the Future Development's allottees, however, may have access to some special facilities there.future development. Buyer is aware that the Property may be affected by future development in the neighborhood or surrounding areas and the Property may be subject to building and development restrictions and conditions. Buyer is advised to consult with appropriate governmental agencies and shall rely solely upon Buyer’s own investigations to determine future development or planning and its potential impact on the property.To learn more about future development visit:https://brainly.com/question/17475466
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Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
Answers
1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points)
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
3. Current data can be used to predict future costs. Based on the budget for the last three summers, predict the amount of money that will be sponsored for each event in 2015. Write your prediction in the cell below, and explain how you arrived at your conclusion. Be sure to use currency formatting for the monetary amount. (5 points)
4. Based on the budget for the last three summers, predict the website hosting fee for August 2015. Write your prediction in cell A21, and explain how you arrived at your conclusion in cell A22. Be sure to use currency formatting for the monetary amount in cell A21. (5 points)
Answers
The formula that can be used to calculate the percentage of expenses from the budget will be (the amount spent on event × 100) / total expenses.
How to compute the formula?From the information given, the formula that can be used to calculate the percentage of expenses will be:
= (the amount spent on event × 100) / total expenses. The month of June will be:
= (195 × 100)/297
= 65.66%
The estimated cost for July 2014 using 7% sales tax will be:
= 360 + (7% × 360)
= $385.20
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Suppose that z is a random variable having a standard normal distribution
Find a value z0, such that P(z>z0) = 0.01
Find a value z0, such that P(z
Find a value z0 such that P(-z0
Answers
The values of z0 for the given probabilities are 2.33, -1.64, and 1.96. The given information is that z is a random variable having a standard normal distribution. This means that z has a mean of 0 and a standard deviation of 1. We need to find the values of z0 for the given probabilities.
For the first question, P(z>z0) = 0.01, we need to find the z-score that corresponds to the 99th percentile. Using a standard normal table or a calculator, we find that z0 = 2.33. This means that 99% of the area under the standard normal curve is to the left of z0 = 2.33.
For the second question, P(z
For the third question, P(-z0
In conclusion, the values of z0 for the given probabilities are 2.33, -1.64, and 1.96.
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research evidence suggests that which of the following bases of power is the most effective in terms of its impact upon follower commitment, motivation, performance, satisfaction, and group effectiveness?
Answers
As per research, being reasonable has the greatest influence on followers' commitment, motivation, performance, satisfaction, and group effectiveness. Reward and legitimate power, or using one's position to influence others, lead to erratic outcomes.
What is research on power?Generally, According to research, rationality is the most successful strategy for exerting influence in terms of its effects on the commitment and motivation of followers, as well as on performance, satisfaction, and the overall effectiveness of groups.
In conclusion, Inconsistent outcomes are produced when reward and genuine power (that is, depending on one's position to influence others) are used in decision-making.
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Everywhere Sports is a retail store supplying sporting equipment to community sports clubs. Information about the store’s operations is as follows:
■ October sales amounted to $400 000.
■ Sales are budgeted at $440 000 for November and $400 000 for December.
■ Receipts are expected to be 60 per cent in the month of sale and 38 per cent in the month following the sale. Two per cent of sales receipts are expected to be uncollectable.
■ Cost of sale is 60% of the sale price. All goods are purchased in the month of sale while payment is made in the month following the purchase.
■ Other monthly expenses paid in cash amount to $45 200.
■ Annual depreciation expense is $32 000.
Answers
By understanding these aspects of Everywhere Sports' operations, the company can assess its sales, cash flow, and profitability. These details are important for financial planning, budgeting, and decision-making processes to ensure the store's financial stability and success.
Based on the given information about Everywhere Sports' operations, we can explain the following:
Sales and Receipts:
In October, the sales amounted to $400,000.
For November, the budgeted sales are $440,000, and for December, the budgeted sales are $400,000.
Receipts are expected to be 60% in the month of sale, which means that 60% of the sales revenue is expected to be received in the same month the sales occur.
Additionally, 38% of the sales revenue is expected to be received in the month following the sale.
It is also mentioned that 2% of the sales receipts are expected to be uncollectible.
Cost of Sale:
The cost of sale is stated to be 60% of the sale price. This means that 60% of the sales revenue is attributed to the cost of acquiring the goods sold.
According to the information provided, all goods are purchased in the month of sale while payment is made in the month following the purchase.
Other Monthly Expenses:
There are other monthly expenses paid in cash, which amount to $45,200. These expenses are likely to include various operating costs such as rent, utilities, salaries, and other expenses necessary for the store's operations.
Annual Depreciation Expense:
Everywhere Sports incurs an annual depreciation expense of $32,000. Depreciation represents the allocation of the cost of the store's long-term assets over their useful lives. This expense reflects the wear and tear or obsolescence of the store's assets, such as equipment, fixtures, or buildings, over time.
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economic systems from the most government involvement in the economy to least government involvement.
Answers
Explanation:
In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.
What increases your total loan balance interest accrual or interest capitalization?
Answers
When it comes to the calculation of a loan balance, the factor that increases this amount is the interest capitalization.
Interest capitalization:
Is unpaid interest that has accumulated. Is added to the loan principal.As a result of this unpaid interest being added to the loan balance, the loan will increase in size and the interest will then be calculated using this new balance thereby increasing the interest payments as well.
In conclusion, the answer is interest capitalization.
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selected financial data regarding current assets and current liabilities for princess's line, a competitor in the cruise line industry, is provided: ($ in millions) current assets: cash and cash equivalents $349 current investments 72 net receivables 238 inventory 128 other current assets 141 total current assets $928 current liabilities: accounts payable $1,075 short-term debt 724 other current liabilities 889 total current liabilities $2,688 required: 1. calculate the current ratio and the acid-test ratio for princess's line. (enter your answers in millions, not in dollars. for example, $5,500,000 should be entered as 5.5.)
Answers
The current ratio for princess's line is 0.3 (approx) and the acid test ratio is also 0.3 (approx).
Given selected financial data regarding current assets and current liabilities for princess's line, a competitor in the cruise line industry, is provided:($ in millions) current assets: cash and cash equivalents $349 current investments 72 net receivables 238 inventory 128 other current assets 141 total current assets $928 current liabilities:
accounts payable $1,075 short-term debt 724 other current liabilities 889 total current liabilities $2,688Required
1. Current Ratio: Current ratio is a measure of a company's ability to repay short-term obligations and is calculated as a company's total current assets divided by its total current liabilities.
Current Ratio = Total Current Assets / Total Current Liabilities= 928 / 2688= 0.344= 0.3 (approx)
2. Acid Test Ratio (Quick Ratio): Acid test ratio is a measure of a company's short-term liquidity and its ability to meet its short-term obligations.
It is calculated by dividing a company's current assets minus its inventory by its current liabilities. Acid Test Ratio = (Current Assets - Inventory) / Current Liabilities= (928 - 128) / 2688= 0.3235= 0.3 (approx)
Therefore, the current ratio for princess's line is 0.3 (approx) and the acid test ratio is also 0.3 (approx).
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