Answer:
$19 unit product cost - Not relevant
b. $11 variable manufacturing cost - Relevant
c. $26 full cost - Not relevant
d. $1 variable selling and administrative cost- Relevant
Explanation:
A relevant cost is an incremental cost future cash cost which is incurred as a direct consequence of a decision. Note that for any of the cost to be considered as relevant for the special order, such cost must satisfy all of the following criteria:
Future, cash flow and a rises a direct consequence.
So we shall apply these criteria to the question
a. $19 unit product cost : Not relevant because it includes an item of fixed cost of $2 which would incurred either way
$11 variable manufacturing cost: Relevant because it includes all the variable costs which would have to be incurred if the order is accepted
$26 full cost Not relevant because it includes items of fixed manufacturing and fixed selling costs of $14 i.e (8+6) which would incurred either way.
$1 variable selling and administrative cost : Relevant because it would be incurred if the special order is accepted
$19 unit product cost - Not relevant
b. $11 variable manufacturing cost - Relevant
c. $26 full cost - Not relevant
d. $1 variable selling and administrative cost- Relevant
A relevant cost is each future monetary expenditure that is incurred as a direct result of a choice. It should be emphasized that any expense taken into account for the particular order must meet all of the following criteria:
In conclusion, the growth, working capital, and a climb. As a result, we'll use these criteria to respond to the questions.The answers of the following are:
a. $19 unit product cost - Not relevant
b. $11 variable manufacturing cost - Relevant
c. $26 full cost - Not relevant
d. $1 variable selling and administrative cost- Relevant
a. $19 unit product cost: This is irrelevant since it contains a $2 set rate that would be incurred anyway.
$11 variable manufacturing cost: This is essential since it covers all of the various costs that must be paid if the order is approved. The full price is $26. It is irrelevant since it contains $14 in permanent manufactured and facilitator expenditures, i.e. (8+6), which would be incurred regardless of the outcome. $1 variable selling and administration cost: This is essential since it will be payable if the custom order is granted. The cost of a $19 unit product is negligible.
b. Variable manufacturing cost of $11 -
c. $26 full price - unimportant
d. $1 in variable selling and administrative costs- Relevant
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A total of $3,700 in supplies was purchased during the year. By the end of the year, the company had used $2,200 of the supplies. The adjusting entry needed at the end of the year is: Multiple Choice debit Supplies $2,200; credit Supplies Expense $2,200 debit Supplies Expense $1,500; credit Supplies $1,500 debit Supplies Expense $2,200; credit Supplies $2,200 debit Supplies Expense $3,700; credit Supplies $3,700
Answer:
Supplies expense $2200 Dr
Supplies $2200 Cr
Explanation:
The adjusting entries are made at the end of the accounting period under the accrual basis of accounting. The accrual principle states that the revenue and expenses for a period should be matched and recorded in that particular period.
Supplies expense is calculated by determining the amount of supplies at start of the year and adding the purchases of supplies. At the end of the year, the closing inventory of supplies is determined and the difference between supplies available and the closing inventory is charged as supplies expense.
Supplies expense = Opening Inventory + Purchases - Closing inventory
Supplies expense = 3700 - 1500 = $2200
discuss the new product development concept
Answer:
New product development (NPD) is the process of bringing a new product to the marketplace
Explanation:
Joel plans on using a variety of different pen colors while drawing on his slides. What should he do to simplify this process? Select the drawing and change the color in the Format pane. Change the pek's color as needed. Select the Add Pen command and create new pens. Right click the drawing to change the color.
Select Format Background from the Design tab. Choose Solid Fill and a color from the collection. If you want the same background color on all slides, go to the Design tab and pick Format Background > Apply to All. Try right-clicking My Computer on the desktop and going to Properties>Advanced System Settings.
Click the Settings radio button under "Performance" under the "Advanced" tab and either select a custom scheme or click the button for Adjust for best appearance or Adjust for best performance and click "Apply." On a dark background, use white or light beige; on a light background, use black color. As a result, your slides will appear more professional.
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Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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Kelly Slater owns a parcel of land in Palm Springs and is considering two possible development options which both use his signature Kelly Slater Wave Pool technology.
Option A: Create a private surf club, in which case he would have to invest $10 million today (EOY 0). The club would then generate an annual free cash flow of $2 million in perpetuity starting EOY 1.
Option B: Create a surf resort and hotel open to the public, in which case he would have to invest $50 million today (EOY 0). The resort would then generate an annual free cash flow of $6.5 million in perpetuity starting EOY 1.
Assume Kelly's discount rate is 10% and that he can only invest in one of the two options. Kelly should: ________
a. Accept both options because they both have positive NPV
b. Choose Option A because it has a higher IRR
c. Reject both options because both have an IRR less than 10%
d. Choose Option B because it has a higher NPV
Answer:
d. Choose Option B because it has a higher NPV
Explanation:
The computation is shown below:
For Option A:
Investment = $10 million
Present Value of cash flows = Cash flow ÷ Discounting rate
= $2 ÷ 10%
= $20 million
Now
NPV = $20 - $10
= $10 million
We know that
IRR is the rate at which the NPV will be zero
So, 2 ÷ r - 10 = 0
r = 20%
For Option B:
Investment = $50 million
Present Value of cash flows = $6.5 ÷ 10% = $65 million
NPV = $65 - $50 = $15 million
we know that
IRR is the rate at which the NPV will be zero
So, 6.5÷ r -50 = 0
r = 13%
Based on NPV, Option B should be selected as it contains higher NPV as compared to option A.
However, Based on IRR, Option A should be chosen as it contains higher IRR and a higher IRR represent a higher profit percentage
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
How would you resolve the issue Partnering - The Accounting software installation projects?
To resolve the issue Partnering Accounting software installation projects during the installation, the project manager project will have to;
contact expertise related to Accounting software installation to get their best views on the installation of the project, conduct a training sessions about the accounting software in every department partner with professionals on Accounting software installation.What is Accounting softwareAccounting software is computer software used to record, manage and analyze financial transactions of an organization that aid in maintaining accurate records report in compliance with tax regulations, that manage and state the financial report of the business at month or year end
The financial transaction of a business includes fixed asset management, accounts payable, expense management, revenue management, accounts receivable, billing and invoice management, budgeting etc.
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.
a corporation has taken out a loan to finance a new operation. What is the name of that type of financing called? A .Collateral financing B. debt financing C. bank financing D. retained earnings financing?
Since the corporation took out a loan, the name of that type of financing is called debt financing.
What are the two major funding options for corporations?The two primary funding options for corporations are debt financing and equity financing.
Debt financing entails taking a loan from a bank or selling fixed-income securities like bonds.
Equity financing is the practice of raising funds through the selling of shares.
As the corporation took out a loan, the name of that type of financing is called debt financing.
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Please classify the source of barriers to entry described in each scenario below. ownership of a key input economies of scale government-imposed
a. There are a limited number of licenses for taxi drivers in NYC. ownership of a key input economies of scale government-imposed
b. Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years. ownership of a key input economies of scale government-imposed
c. Carribean Cruz owns the only swimmable beach on an exclusive island in the Bahamas
d. The government establishes a quota on how much foreign oil can be imported
e. It is very expensive to build an amusement park, but not that expensive to admit an additional customerf. Building a brewery is a high start up cost operationg. The governemnt established a tariff on tear
The source of barriers to the scenarios described will be:
Government imposed:
There are a limited number of licenses for taxi drivers in NYC.Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years. The government established a tariff on tea.Ownership of a key input:
Carribbean Cruz owns the only swimmable beach on an exclusive island in the Bahamas.The government establishes a quota on how much foreign oil can be imported.Economies of scale:
It is very expensive to build an amusement park, but not that expensive to admit an additional customer. Building a brewery is a high start-up cost operation.It should be noted that government-imposed barriers are the barriers that can be in form of patents, licensing, tariffs, etc.
The ownership of key input is when the production of a good requires particular input, therefore, controlling the input can be a barrier to entry.
Economies of scale is when the long run average variable cost of a firm falls as there is an increase in output.
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Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.
1. Soo uses leadership skills to guide a group of people in religious worship.
2. Jacqueline stays calm even when counseling patients who are angry or upset.
3. Brent uses math skills to help people fill out financial paperwork.
4. Nakisha provides therapy to families and has a master’s degree in Psychology.
5. Tao pays close attention to what patients say and how they behave during counseling sessions.
6. Adam lifts and carries young children while playing with them outdoors.
Answer:
Jacqueline, Nakisha, Tao or B, D, E
Explanation:
got it right
Answer:
B. Jacqueline stays calm even when counseling patients who are angry or upset.
D. Nakisha provides therapy to families and has a master’s degree in Psychology.
E. Tao pays close attention to what patients say and how they behave during counseling sessions.
Explanation:
edge 2021 :)
stay safe and good luck <3
The Laffer curve models – as a function of a single – . In a progressive scheme, one has to look separately at the revenue from different segments of taxpayers, corresponding to different rates. The data in the table suggests that tax cuts in the early 1980s led to – revenue from lower-income taxpayers but – revenue from the highest-income taxpayers. This would mean that reductions in the – rate, at least, made fiscal sense.
Laffer curve models tax revenue as a function of a single tax rate.
Given the table above, it suggests that the tax cuts led to less revenue from the lower income groups ie there was a reduction in the taxes from the bottom 50%. But it led to more revenue from higher income group people ie the top 1%.
This implies that the reduction in the top marginal rate made atleast fiscal sense.
What is the laffer curve?The Laffer Curve is based on supply-side economist Arthur Laffer's theory. It was developed in 1974 to illustrate the relationship between tax rates and the amount of tax revenue collected by governments.
The curve is frequently used to demonstrate the point that lowering tax rates can result in increased total tax revenue.
The Laffer Curve is a tax theory that proposes an inverted-U-shaped relationship between tax rates and government revenue.
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1. If you deposit $120 in an account that pays 10% interest annually and you don't touch it for 3 years, what is the interest earned on your initial deposit after 3 years?
2. Given the information below use the formula for compounding interest to determine the increase in value of you $125 deposit after 3 years
The interest earned on your initial deposit after 3 years will be $39.72.
How to explain the interestAfter depositing $120 in an account with a yearly interest rate of 10%, the first year reflects earnings of $12. Once the earnings combine with the main balance, the total value amounts to $132.
The second-year earnings can then be calculated through the newfound balance of $132 and result in $13.20. Adding that to the initial balance yields $145.20. Following this pattern, the third year's interest calculation using the new balance of $145.20 brought forth $14.52 in earned interest, increasing the current balance to $159.72.
Ultimately, the original amount surged by $39.72 due to exceeding interest earnings over three years' time.
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If I buy 4 books and 1 pen. 4 books: $14.29, $14.29, $13.29, and $9.29. Pen: $5.29. And I gave $60.00. How much change do I get back?
(No need to add tax because for the 4 books and 1 pen already has tax added.)
the answer is seventeen
how the looting of shops and malls will affect business in terms of the relationship between social responsibility and triple bottom line
The looting of shops and malls will affect business in terms of social and triple bottom line relationship.
Triple bottom line is a business concept in which businesses focus and look for the impact on social and environment by their business activities.
If a shop or mall is looted it will have great impact on environment and social relationship.
The businessmen will feel insecure in the state and will be afraid of investing more money into business.
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John owed $10,000 in taxes on taxable income of $40,000. If John earns an additional $1,000, he will pay an additional $280. Therefore:
O his average tax rate is 28%
he will be at the 30% average tax rate after he earns the additional $1,000
O his marginal tax rate will increase to 29%
his average tax rate is about 25%
Therefore, D. his average tax rate is about 25%.
What is the average tax rate?The average tax rate is computed as the total taxes paid or owed divided by the total taxable income, no matter the tax bracket.
Data and Calculations:Tax liability on a taxable income of $40,000 = $10,000
Tax liability on additional income of $1,000 = $280
Total tax liability = $10,280
Total taxable income = $41,000
Average tax rate = 25.7% ($10,280/$41,000 x 100).
Thus, John's average tax rate is about 25%.
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Which of the following is the best example of integrity?
OA
Roger's boss takes 2-hour lunches. Roger tells no one.
OB.
Sandra's mistake on a report could be disastrous. She immediately reports the error even
O C.
Don believes it is okay to check his social media accounts at work since no one says it's wr
OD.
Andrea borrows $20 from the company's petty cash fund, which she intends to pay back.
Integrity is the discipline of being truthful and demonstrating a steadfast and unwavering adherence to high moral and ethical standards. Hence option B is correct .
What is Integrity ?Integrity is defined in ethics as being honest, true, or accurate in one's activities. Being judged by the standards of integrity entails viewing internal consistency as a virtue and recommends that parties holding internally apparent conflicts of values should explain the gap or change their ideas.
This is how integrity can be opposed to hypocrisy. The adjective integer, which means whole or whole in Latin, is where the word integrity first appeared. In this application, integrity refers to the internal sense of "wholeness" derived from traits like honesty and moral rectitude.
An individual is considered to have the virtue of honesty in ethics.if the person acts in accordance with a set of moral standards that are internally consistent. These rules must all consistently follow valid axioms or postulates of logic. When a person's behaviours, beliefs, techniques, measures, and ideals all stem from a single set of fundamental principles, that person is said to have ethical integrity.
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What are the two BEST ways to pay for college? Why?
Answer:
searching for scholarships or choosing an adorable school
Which statement best describes one way businesses participate in the curricular flow of goods?
A. Businesses provide the labor that works in resource markets.
B. Businesses create goods for product markets to sell.
C. Businesses trade goods between products and resource markets.
D. Businesses provide revenue the household that sell products.
Businesses create goods for product markets to sell. best describes one-way businesses participate in the curricular flow of goods. Hence, option B is appropriate.
This Money is utilized in the economy's circular movement to buy products and services. Money moves in the opposite direction from goods and services throughout the economy. Land, labor, capital, and entrepreneurship are all production elements.
The circular flow model illustrates how money circulates in an infinite cycle from producers to households and back again. Money goes back and forth in an economy as workers spend their income on goods and services, first going from producers to workers as wages, and then back to producers.
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¿Cómo afectará una reducción de la jornada de trabajo en el sueldo del trabajador?
Answer:
En términos generales, reducir la jornada laboral del trabajador reduce su sueldo o remuneración, ya que las empresas pagan a los trabajadores un salario acorde no sólo a su nivel de productividad, sino que también a la cantidad de tiempo que laboran.
Aunque es posible que en ciertas formas contractuales dicha reducción horaria no repercuta en el sueldo, o también puede suceder que el trabajador realmente sea más productivo trabajando menos, lo cual hasta podría hacer que su salario aumente, dependiendo del contexto.
make a list of the means of obtaining information about foreign employment
List of the means of obtaining information about foreign employment are:
Notice board.newspapers.electronic media (radio, FM, television etc)websites.public programs.Prospectus.What is foreign employment ?
Going abroad for work or to make money is referred to as foreign employment. People working abroad have been a common occurrence since the dawn of human civilization.
What are the benefits of foreign employment?the benefits of foreign employment are improved self-worth, new life skills, etc., A fresh outlook on life, improved communication abilities.
better proficiency in a foreign language.
a competitive edge over other job seekers.
Boost the size of your professional network.
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If you spend more than your income can support look for ways to:
If you spend more than your income can support, look for ways to both increase your income and decrease your expenses. The Option E is correct.
What is the solution to spend more one's income?The solution to spending more than one's income is to practice good financial habits such as budgeting, saving, and prioritizing expenses. Creating a budget that tracks income and expenses can help individuals see where their money is going and identify areas where they can cut back.
Prioritizing expenses involves identifying what is most important and necessary, such as housing, food, and transportation, and allocating funds accordingly. It may also be helpful to consider increasing income by pursuing additional education or training, taking on a side job or gig work, or negotiating a raise at one's current job.
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Hey everyone, I have a question about budget lines and indifference curves in relation to government subsidies.
A government subsidy programme lowers the price of food to poor consumers from $3 per unit to $2 per unit. Assume that food and “all other goods” (AOG) are both normal goods for the typical poor consumer, who has a budget of only $12. Let the price of AOG be $1. (My graph is attached)
Question: Indicate on your graph how much the program costs the government for the representative consumer.
Can you please explain it to me, I’m very confused. Would it be from A to C? I just don’t know why.
Thank you in advance :)
The cost of the subsidy program for the representative consumer would be $6.
How to determine the costIn this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).
To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.
Before the subsidy:
With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.
After the subsidy:
With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.
The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.
To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):
Cost of the subsidy = 2 units * $3 per unit = $6.
Therefore, the cost of the subsidy program for the representative consumer would be $6.
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Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below.
Balance Sheets
2019 2018
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities 825 500
Common stock 1,225 1,225
Retained earnings 1,000 400
Common equity 2,225 1,625
Total liabilities and equity $3,050 $2,125
Income Statements
2019 2018
Sales $2,265 $1,565
Operating costs excluding depreciation and amortization 1,250 1,000
EBITDA $1,015 $565
Depreciation and amortization 100 75
EBIT $915 $490
Interest 63 46
EBT $852 $444
Taxes (25%) 213 111
Net income $639 $333
Dividends paid $54 $48
Addition to retained earnings $585 $285
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%
The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.
Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.
The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.
Particular 2018 2019
Current Asset $635 $750
Current Liability $135 $255
Net working capital 500 525
Net increases in working capital 25
The capital expenditure is made are computed:
Ending balance of fixed asset 2300
Add: Depreciation 100
Less: Begging of fixed amount 1490
Capital expenditure: 910
Net income: 677
Add: Depreciation 100
Less: Capital expenditure -910
Less: Net increases in Net WC -25
Free cashflow -158
The 2018 free cash flow for Rosnan Industries is $158.
As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.
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A stock currently sells for $65. The dividend yield is 3.5 percent and the dividend growth rate is 4.8 percent. What is the amount of the dividend to be paid in one year
Answer:
$2.275
Explanation:
Calculation for the amount of the dividend to be paid in one year
Using this formula
D1 =Dividend yield* Stock Amount
Let plug in the formula
D1= .035($65)
D1= $2.275
Therefore the amount of the dividend to be paid in one year will be $2.275
The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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prepare an income statement for rex manufacturing for the year ended december 31 using the following information. hint: not all information given is needed for the solution. finished goods inventory, ending $ 16,900 general and administrative expenses 14,900 accounts receivable 18,900 finished goods inventory, beginning 19,900 cost of goods manufactured 40,900 selling expenses 12,900 cash 55,900 land 28,900 sales 93,800 equipment 1,900
The preparation of the income statement for the year ended December 31 is as follows:
What is an income statement?The income statement is one of the three essential financial statements that summarize a company's financial performance over the course of a specific accounting period. The other two crucial statements are the balance sheet and the cash flow statement.
The key subjects of the income statement are the revenue, costs, profits, and losses incurred by a firm over a given time period. An income statement, also known as a profit and loss (P&L) statement or a summary of sales and expenses, provides crucial details about a company's operations, the efficiency of its management, underperforming industries, and its performance in relation to peers in the same sector.
Sales $93,800
Expense for items sold
$20,000 worth of initial finished products inventory
Addition: $41,000 in manufacturing costs
Price of products that are for sale $61,000
Ending finished goods inventory decreased by $16,900.
The $40,900 cost of the sold products
$50,000 in gross margin
fewer: Operating Costs
$14,900 in general and advertising expenses
$13,000 in selling expenses
Operating costs $28,000 in total
$22,000 in operating income
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
(Create an advertising plan)
Product: Cheetos Country: Australia
-Establish Objectives: How will you inform, persuade and remind?
- Determine Budget: What is your advertising budget? (Use some form of concrete data ex. Percentage of sales)
- Message and Creative Strategy: What information needs to be delivered to the target audience?
- Media Selection: How will your message be transmitted to your target audience?
- Evaluation: How will you measure the effectiveness of the ad?
The advertising plan for the given company is given below:
The Advertising PlanIn order to further promote brand awareness of Cheetos in Australia and fuel its sales, an advertising plan has been implemented with a total budget of AUD $100,000.
This campaign will use a combination of digital and classic media outlets such as social media, television and outdoor locations to reach the most receptive age group; those ranging from 18-35 years old.
Its success in swaying the target audience into buying Cheetos is monitored through sales progressions as well as customer surveys gauging the remembrance rate of its adverts.
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What was Indiana's total government expenditures in fiscal year 2018-2019? (1 point)
O $15.9 billion
O $11.9 billion
O$34.89 billion
O $34.11 billion
Indiana's total government expenditures in the fiscal year 2018-2019 is $34.89 billion. The correct option is C.
Public consumption, public investment, and transfer payments made up of capital transfers and income transfers (pensions, social benefits), collectively referred to as government expenditures, are all included in the definition of goods and services.
Fiscal policy is characterized as the strategy used by the government to carry out various economic policy goals through the use of taxation, public expenditure, and public borrowing.
Thus, the ideal selection is option C.
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Does anyone know quick ways to make money.
Answer:
Sell products online.
Sell used books on Amazon.
Start a Shopify ecommerce store.
Build a free-plus-shipping ecommerce sales funnel.
Do gigs on Fiverr.
Sell services on Upwork or 99Designs.
Build a high-ticket coaching or consulting funnel.
Answer:
robbing banks, helping out, picking pockets, digging under sofas for lost change, yard sales, bake sales, birthdays, helping out, selling things such as clothes you don't want or need, begging, advertizing, fund raisers, getting a summer job, etc.