What amount should be remitted to the vendor for merchandise listed below? Quantity Item List Price 18 Billfold $25.00 each 6 Glasses case $15.00 each 21 French purse $30.00 each 9 Key case $12.50 each The invoice is dated September 18 and paid on October 12. Trade discounts are 40% and 15%; terms are 3/10 EOM, FOB store. The vendor has paid transportation charges of $13.84.

Answers

Answer 1

Answer:

The amount that should be remitted to the vendor for merchandise is:

=  $1,103.98

Explanation:

a) Data and Calculations:

Quantity  Item                  List Price          Item Amount

18             Billfold              $25.00 each      $450

6             Glasses case   $15.00 each           90

21             French purse  $30.00 each        630

9              Key case          $12.50 each          112.50

Total amount of items                             $1,282.50

Trade discount (15%)                                    192.38

Amount due to be remitted                       1,090.12

b) The trade discount is taken to be 15%. The credit term indicates "3/10 EOM, FOB store."  These terms imply that 3% discount would be granted if payment is made within 10 days.  The credit period is till the end of the month (EOM).  Another implication is that the transportation charges of $13.84 would be borne by the vendor and not the buyer (FOB store).  FOB store means Free on Board, meaning that the vendor bears full responsibility for the goods until they are delivered to the buyer at her store.


Related Questions

You are monitoring your client's business email and you are flooded with complaints, inquiries, follow-ups, and a positive feedback email, how do you prioritize which ones to do first

Answers

The emails that should be prioritized according to the relevance and urgency of the message content.

How to define the urgency of an email?

Emails must be analyzed according to the need for a quick response, such as emails with a deadline, with required actions and with a content that can jeopardize the organizational reputation.

Therefore, commercial emails are currently one of the most used forms of communication by companies, due to the speed in the process of sending messages. To be used effectively, messages must be organized and responded to as needed.

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Volatile price changes, technological changes, and government intervention are what type of risks?

Answers

Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.

What are Volatile price changes

Volatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.

Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.

To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.

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Prepare a cash budget for the Ace Manufacturing Company, indicating receipt and disbursement for May, June and July. The firm wishes to maintain all times a minimum cash balance of $20,000. Determine whether or not borrowing will be necessary during the period, and if it is, when and for how much. As of April 30, the firm had a balance of $20.000 in cash.


Actual sale__________ l Forecasted sale

January $50,000 _____ l May $70.000

February $50,000_____ l June $80,000

March $60,000_______ l July $100,000

April $60,000________ l August $100,000


- Account receivable: 50% of total sale are for cash in current month. The remaining 50% will be collected equally during the following two month.

- Cost of goods sold: 80% of sale. 75% of this cost is paid the following month.

- Selling, general, and administrative expense: $10,000 per month plus 10% of sale. All of these expenses are paid during the month of incurrence.

- Interest payment: A semiannual interest payment on $150,000 of bonds outstanding for a year is paid during July and December. An annual $50,000 sinking fund payment is also made in August.

- Dividend: A S10,000 dividend payment will be declare and made in July.

- Capital expenditure: $40,000 will be invested in plant and equipment in June.

- Taxes: Income tax payment of $1,000 will be made in July.

Answers

The cash budget for the Ace Manufacturing Company is attached accordingly.

What is the explanation for this?

Ace ManufacturingCompany   will need to borrow $10,000 in July to meet its minimum cash balance of $20,000. Cash inflows fluctuate due to seasonal sales, while outflows include costs, expenses,and interest payments.

The company will repay the loan in August with its annual sinking fund payment. Cash flow is highest in July, with net cash flow of $18,000, while May and June have lower net cash flows of $7,000 and $6,000, respectively.

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Prepare a cash budget for the Ace Manufacturing Company, indicating receipt and disbursement for May,

U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?

Answers

Answer:

Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).

Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).

Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).

If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.

Explanation:

I hope this helps

Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye

Answers

Answer:

I think it's A) Always just answer the question the customer has.

Explanation:

I know it's not D) "Never look the customer in the eye."

I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.

And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.

So that leaves answer choice A

Assume that one year ago, you bought 340 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share.



a. Calculate the total return for your $12,240 investment.

Answers

The total return on this mutual fund investment is $12,427.

Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.

Here's how to calculate the total return on a mutual fund investment:

Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.

Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.

Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.

In this case, the current market value is: 340 shares x $40/share = $13,600.

Step 4: Add any dividends or interest payments received during the investment period, if applicable.

If no dividends or interest payments were received, skip this step.

Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.

In this case, the total return is: $12,240 + $187 = $12,427.

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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.

Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.

Answers

In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

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Stritch Company is trying to decide how many units of merchandise to order each month. The company's policy is to have 20% of the next month's sales in inventory at the end of each month. Projected sales for August, September, and October are 24,000 units, 14,000 units, and 34,000 units, respectively. How many units must be purchased in September

Answers

Answer:

Purchases budget = 18,000 units

Explanation:

Purchases budget = Sales + closing inventory - opening inventory

Closing inventory for September = 20% of august sales = 20% × 34,000=6,800

Opening inventor for September = 20%× September = 20% × 14,000= 2800

Purchases budget for September = 14,000 + 6,800 - 2,800 = 18,000

Purchases budget = 18,000 units

Incurring an expense for advertising on account would be recorded by:

a. Is the primary standard-setting body in the United States.
b. Is governed by the U.S. Securities and Exchange Commission.
c. Can overrule the FASB when their policies disagree.
d. Promotes the use of high-quality, understandable global accounting standards.

Answers

Complete Question:

Incurring an expense for advertising on account would be recorded by:

Group of answer choices

A) Debiting a liability account.

B) Crediting an asset account.

C) Debiting an expense account.

D) Debiting an asset account.

Answer:

C) Debiting an expense account.

Explanation:

Incurring an expense for advertising on account would be recorded by debiting an expense account.

This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.

Please assist with these equations in the attachments

Please assist with these equations in the attachments
Please assist with these equations in the attachments

Answers

Without Collusion of the bidders, expected Price is $13.5  and with collusion of Bidder 1 and 2 it is $11.25.

Who are bidders?

A bidder in a market is a party who offers to buy an asset from a seller at a specific price. A bidder can be a person or a company, and the potential purchase can be part of a multiparty transaction or an auction. In most cases, the party selling the asset selects the highest-bidding bidder.

Bidder 1 Value Bidder 2 Value Bidder 3 Value  

($) ($) ($) Probability Price = Second Highest Bid Price* Probability weight

12   12    12 0.125 12 1.5

12   12     15 0.125 12 1.5

12    15    12 0.125 12 1.5

12 15 15 0.125 15 1.875

15 12 12 0.125 12 1.5

15 12 15 0.125 15 1.875

15 15 12 0.125 15     1.875

15 15 15 0.125 15 1.875

Expected Price is the sum of values in the last column   13.5

If Bidder 1 &2 Collude  

Max of Bidder 1 and Bidder 2 Bidder 3 Value    

($) ($) Probability Price = Second Highest Bid Price* Probability weight

12   12 0.125 12 1.5

15   12 0.125 12 1.5

15    12 0.125 12 1.5

15 15 0.125 15 1.875

12 15 0.125 12 1.5

15 12 0.125 12 1.5

15 15     0.125 15 1.875

Expected Price is the sum of values in the last column 11.25

Therefore, without Collusion expected Price is $13.5  and with collusion, it is $11.25.

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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.

Answers

The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.

What is the selling price per pound for onions?

Total Cost = Quantity * Cost per pound

Total Cost = 1,000 pounds * $0.11/pound

Total Cost = $110

Spoilage Quantity = 3% of Quantity

Spoilage Quantity = 3% of 1,000 pounds

Spoilage Quantity = 0.03 * 1,000 pounds

Spoilage Quantity = 30 pounds

Effective Quantity = Quantity - Spoilage Quantity

Effective Quantity = 1,000 pounds - 30 pounds

Effective Quantity = 970 pounds

Makeup Rate = 180%

Selling Price per pound:

= (Total Cost * Makeup Rate) / Effective Quantity

= ($110 * 1.80) / 970 pounds

= $2.03505/pound.

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A clothing manufacturer produces clothing in five locations in the U. S. In a move to vertical integration, the company is planning a new fabric production plant that will supply fabric to all five clothing plants. The clothing plants have been located on a coordinate system as follows:
Location (X,Y)
A 7,2
B 4,7
C 5,5
D 2,2
E 9,4
Shipments of fabric to each plant vary per week as follows: plant A, 200 units; plant B, 400 units; plant C, 300 units; plant D, 300 units; and plant E, 200 units. What is the optimal location of X for the fabric plant?

Answers

Answer:

The optimal location of X for the fabric plant is 4.9

Explanation:      

    X    Y     W     X.W     Y.W

A   7    2     200   1400    400

B   4    7     400   1600    2800

C   5    5    300    1500    1500

D   2    2    300    600     600

E    9    4   200   1800     800

Total =      1,400  6,900  6,100

X= 6,900 / 1,400 = 4.9

Y= 6,100 / 1,400 = 4.4

Why would an investor prefer purchasing bonds to purchasing stocks?
A. Unlike stocks, bonds are guaranteed to return a profit to the
investor.
B. Bonds are typically less risky than stocks.
O C. Unlike stocks, when an investor owns bonds, they own a tiny part
of the company
D. Bonds are more likely than stocks to make huge profits.

Answers

Answer:

B. Bonds are typically less risky than stocks.

Explanation:

Answer: B. Bonds are typically less risky than stocks

Explanation:a. p. e. x. (just took the test)

Please provide an Excel spreadsheet showing all of your calculations. No credit will be given if this is not provided.

PQL Airlines is developing a new baggage check in system that will automate the process. The airlines will use retained earnings to fund the project. Currently, there are 2,550,000 shares of stock outstanding selling for $27 per share. They expect to pay a dividend of $2.50 per share and they expect to increase these dividends at a rate of 2.2% per year for the foreseeable future. The U.S. Treasury in currently paying 1.25% and the market risk premium is 8.5%. Because volatility in the airline industry, PQL Airlines has a very high beta of 1.8. There is currently $60 million worth of debt outstanding. These bonds are currently trading at 92% of par. The bonds have a 4.5% semi annual coupon annual rate with 10 years remaining. The corporate tax rate is 30%.
The Airlines will finance the expansion with both debt and equity and maintain the same capital structure.
What is the cost of equity?
What is the cost of debt?
What is the Weighted Average Cost of capital for PQL Airlines?
The baggage check system is expected to cost is expected to cost $2,000,000 and they believe will be functional for 5 years. This system will be classified as a 3 year asset for MACRS (table is provided below) and they expect to sell the physical part of the system after that point for $50,000. While this system would not necessary generate any additional revenue from passengers, there would be able to license the system to other airlines and expect to generate licensing revenues of $800,000 a year. In addition, there is an expected reduction in labor cost of $35,000 annually.
Compute the following:
NPV
IRR
Discounted Payback
Profitability Index
What is your recommendation for PQL Airlines and why?
MACRS:
Year 1 - 33%

Year 2 - 45%

Year 3 - 15%

Year 4 - 7%

Answers

Year 1 - 33% is the recommended rating for PQL Airlines. Therefore, choice (A) is the appropriate one.

Any business that offers air transportation services for people and/or cargo is known as an airline. In order to provide these services, airlines use aircraft.

They may also join forces with other airlines to fly the same flight under a codeshare arrangement. A license or air operating certificate issued by a governmental aviation organization typically recommended serves as recognition for airline firms. Both scheduled and charter airlines are possible.

German airship manufacturer DELAG, which was established on November 16, 1909, was the first airline.

The four oldest non-airship airlines that are still in operation are the Czech Airlines, Qantas (1920), KLM (1919), and Avianca (1919), all of which are from the United States.

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Best Techniques to Boost Your Engagement on LinkedIn?

Answers

Answer:

1. Create & Post Relevant Content Consistently

2. Use LinkedIn Automation Tools for Engagement

3. Understand Metrics

4. Share Visual Content More

5. Be more personalized — less sales-y

6. Participate in LinkedIn Groups More and More

7. Always Add a CTA in Your Messages

Advantages and disadvantages of transport sector

Answers

Road transportation has various benefits, including lower costs, shorter travel times, more adaptable load capacities, improved fuel economy, and environmental friendliness. On the other side, there are drawbacks as well, like traffic jams and safety worries.

What is a transport sector?A group of businesses together referred to as the transportation industry build and maintain infrastructure for transportation as well as services to move people and products. According to the Global Industry Classification Standard, technically, transportation is a subgroup of the industrials sector (GICS). The deliberate transfer of people, animals, and objects from one location to another is known as transport or transportation. In addition to land and water, cable, pipeline, and space are also modes of transportation. Infrastructure, transportation, and operations make up this field. Transportation industries include businesses engaged in trucking, rail, water, and other modes of commercial transportation for hire.The impact of transportation on employment and growth is significant in the economy and society of today.

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The information of manufacturing cost of product A and products B in
THANH company in 200N as follows:
Production cost per unit (S)

Product A
Materials 200
Wages 100
Fixed overhead 350
Variable overhead 150
Profit 200
Selling price 1000
Output per week 200

Product B
Materials 150
Wages 200
Fixed overhead 100
Variable overhead 200
Profit 350
Selling price 1000
Output per week 100

Required:
Comments on the relative profitability of product A and products B in THANH company in 200N

Answers

Manufacturing cost  of both product A and product B have a profit margin of $0 per unit.

To assess the relative profitability of product A and product B in the THANH company in 200N, we need to compare their profit margins. Profit margin is calculated by subtracting the production cost per unit from the selling price per unit.

Let's calculate the profit margins for both products:

Product A:

Selling price per unit: $1000

Production cost per unit: $200 (Materials) + $100 (Wages) + $350 (Fixed overhead) + $150 (Variable overhead) + $200 (Profit) = $1000

Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0

Product B:

Selling price per unit: $1000

Production cost per unit: $150 (Materials) + $200 (Wages) + $100 (Fixed overhead) + $200 (Variable overhead) + $350 (Profit) = $1000

Profit margin per unit = Selling price per unit - Production cost per unit = $1000 - $1000 = $0

From the calculations, both product A and product B have a profit margin of $0 per unit.

Based solely on the profit margins, it appears that neither product A nor product B is profitable for the THANH company in 200N. However, it's important to note that this analysis only considers the production cost per unit and does not take into account other factors such as demand, market conditions, or overall company profitability.

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Onini, Inc. produces one product with two production levels: 20,000 units and 80,000 units. At each production level, Onini's per-unit costs for Costs A, B, and C are:
Cost A (per unit) Cost B (per unit) Cost C (per unit)
Production = 20,000 $12.00 $15.00
$20.00
Production = 80,000 $12.00 $11.25
$5.00
What type of cost is each?
A. Cost A is variable, Cost B is mixed, and Cost C is fixed.
B. Cost A is fixed, Cost B is variable, and Cost C is mixed
C. Cost A s variable, Cost B is fixed, and Cost C is mixed.
D. Cost A is fixed, Cost B is mixed, and Cost C is variable.

Answers

Answer:

A

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Total fixed cost = 20,000 x 20 = 400,000

80,000 x 5 = 400,000

c is fixed cost

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.

Variable cost is constant per unit produced. Thus A, is variable cost

Mixed cost is cost that combines fixed cost and variable cost

cash withdraw from bank for personal use​

Answers

Answer:

?

Explanation:

Answer:

I'm not sure what you're trying to imply here. I'll assume your question is based on accounting. In this case, your definition matches with Cash drawings.

Stay safe and Merry Christmas! :)

Stan sells new cars at a local dealership. He receives a 32% commission on the profit. Last month he sold 20 cars, for a total of $21,385 dealer profit. How much did he earn in commission?

Answers

On the revenue, he gets a 32% commission. He sold 20 cars in the past month, generating a dealer profit of $21,385. He receives $6843.2 in commission.

Commission: What does that mean?

A commission in business is a payment made to a person or organization based on the sale of a good or service; it is typically measured as a percentage. Gross margin times the proportion of commissions is the most common commission formula.

The percentage or fixed payment attached to a specific volume of sales is known as the commission rate. For illustration, a fee can be $30 for each sale or 6% of sales.

How are commissions determined?

Simply multiply the sale price by the commission rate and divide the result by 100. Consider this calculation: A blue widget costs $70. The salesperson is paid on commission; each deal nets him or her 14%, or $9.80.

In the above questions:

sales total made= $ 21,385

percentage of commission= 32%

Commission amount= 21,385 X 32%

= $6843.2

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Materials shall not be stored within how many feet
of a fire door.

Answers

Answer:

3 feet or 36 inches

Explanation:

What do researchers mean by "secondary data"?
OA. Data collected after any research to gather primary data
OB. Data considered less important than primary data
OC. Data collected specifically for the researcher's own study
OD. Information from research already conducted for another purpose

Answers

The statement do researchers mean by "secondary data" is: OD. Information from research already conducted for another purpose.

What is secondary data?

Government papers, scholarly publications, surveys, databases and other previously done research are just a few examples of the sources from which secondary data may be derived.

To find answers to their own research questions or to obtain new insights into a particular area of interest, researchers analyse and interpret this current data. Researchers might avoid spending the time and money necessary for gathering primary data by employing secondary data instead.

Therefore the correct option is D.

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The most recent monthly income statement for Benner Stores is given below:




Total

Store A

Store B

Sales

$ 1,000,000

$ 400,000

$ 600,000

Variable expenses

580,000

160,000

420,000

Contribution margin

420,000

240,000

180,000

Traceable fixed expenses

300,000

100,000

200,000

Store segment margin

120,000

140,000

(20,000)

Common fixed expenses

50,000

20,000

30,000

Net operating income

$ 70,000

$ 120,000

$ (50,000)



Due to its poor showing, consideration is being given to closing Store B. Studies show that if Store B is closed, one-fourth of its traceable fixed expenses will continue unchanged. The studies also show that closing Store B would result in a 10 percent decrease in sales in Store A. The company allocates common fixed expenses to the stores on the basis of sales dollars.

Required:
Determine the monthly financial advantage (disadvantage) of closing Store B.

Answers

Answer:

the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.

Explanation:

To determine the financial advantage (or disadvantage) of closing Store B, we need to calculate the net operating income that Benner Stores would have if Store B is closed.

First, we need to determine the new sales and contribution margin for Store A if Store B is closed. Since closing Store B would result in a 10% decrease in sales in Store A, the new sales for Store A would be $400,000 * 90% = $360,000. The contribution margin for Store A would be $360,000 - $160,000 = $200,000.

Next, we need to determine the traceable fixed expenses that would continue unchanged if Store B is closed. One-fourth of Store B's traceable fixed expenses are $200,000 * 1/4 = $50,000.

Then, we need to recalculate the common fixed expenses allocated to the stores based on their new sales. The common fixed expenses allocated to Store A would be $50,000 * $360,000 / $1,000,000 = $18,000.

Finally, we can calculate the net operating income for Benner Stores if Store B is closed:

Net operating income = Sales - Variable expenses - Traceable fixed expenses - Common fixed expenses

\(= $360,000 - $160,000 - $50,000 - $18,000= $132,000\)

Therefore, the financial advantage of closing Store B is $132,000 - $70,000 = $62,000 per month.

Kim eats turkey and brussel sprouts. When the price of brussel sprouts fell by 8%, Kim's consumption of turkey rose by 9%. Therefore,
the cross-price elasticity of demand for turkey with brussel sprouts is
(give your answer to two decimals), and for Kim,
turkey and brussel sprouts are
goods.

Answers

The cross-price elasticity of demand for turkey with brussel sprouts is 1.13.

For Kim, turkey and brussel sprouts are complement goods.

What is the cross price elasticity?

Cross price elasticity is used to measure the relationship between the price of a good and the quantity demanded of another good. It is the ratio of the percentage change in quantity demanded of good A to the percentage change in price of good B.

Cross price elasticity = percentage change in quantity demanded  / percentage change in price

9% / -8% = -1.13

If the cross price elasticity is negative, it means that the goods are complement good. Complement goods are goods that are consumed together.

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Select the education or qualification that is best demonstrated in each example.

Esteban is good at making sure many different shipments happen on time.

Felicity is good at calculating and processing payments from customers.

Dino is good at convincing customers to buy a product.

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Answer:

Esteban is good at making sure many different shipments happen on time.

A hospital arranges with a third-party payer to charge the third party 85 percent of its established billing rates. During January, the hospital provided services amounting to $2.0 million at the established billing rates. Prepare journal entries to record the January billings.

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The journal entries to record the January billings of the hospital are as follows:

Debit Accounts Receivable $1,700,000

Debit Finance Charge $300,000

Credit Service Revenue $2,000,000

To record the services provided.

Data Analysis:

Accounts Receivable $1,700,000 ($2,000,000 x 85%) Finance Charge $300,000 Service Revenue $2,000,000

Thus, the hospital will split the billing for January into two: the amount it will receive and the finance charge for using the third-party payer.

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Please review the screenshots

Please review the screenshots
Please review the screenshots
Please review the screenshots
Please review the screenshots
Please review the screenshots

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1 - 3) The computation of the cost of goods sold, ending inventory, sales revenue, and gross profits under each inventory costing method for Rosenberg Incorporated is as follows:

                                      FIFO                         LIFO           Weighted Average

Cost of goods sold     $2,111                      $2,004                $2,053

                              ($2,699 - $588)       ($2,699 - $695)   (89 x $23.0684)

Ending inventory         $588                        $695                    $646

                               ($21 x 28)              ($575 + $24 x 5)    (28 x $23.0684)

Sales Revenue        $2,937 ($33 x 89)    $2,937                $2,937

Gross profits             $826                          $933                   $884

4) The determination of the method that results in higher profitability when inventory costs are declining is as follows:

When inventory costs are declining, the LIFO method results in higher profitability with a gross profit of $933, which is higher than the weighted average method's $884 and the FIFO method's $826.

The higher profitability results from the lower cost of goods sold with declining inventory costs used to assign costs to the cost of goods sold.

Data and Calculations:

Date            Transactions         Number of Units    Unit Cost        Total Cost

Jan. 1           Beginning inventory          23                    $25              $575

Mar. 4          Purchase                            28                    $24                672

Jun. 9          Purchase                            33                    $23                759

Nov. 11         Purchase                            33                    $21                 693

Total                                                       117                                     $2,699

Sales                                                     -89

Ending inventory                                  28 (117 - 89)

Average cost per unit = $23.0684 ($2,699/117)

Cost of goods available for sale = $2,699

Cost of goods sold = Cost of goods available for sale - Ending Inventory

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Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary

RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?

Ethics Student Activity PacketIn this lesson, you will learn to:- Define what ethics is- Explore some

Answers

A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.

How do we know good and bad behavior?

We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.

Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.

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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.​

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La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:

Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.

Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.

Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.

Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.

Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.

La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.

Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado

Answer:

There are several different forms of communication that are important in an organization. These include:

1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.

2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.

3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.

4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.

All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.

A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.

Place each item in the correct category: (1) affects long-run aggregate supply (LRAS) or (2) does not affect LRAS.
Items (5 items) (Drag and drop into the appropriate area below)
technologythe price levelresourcesinstitutionsexpected future prices
Categories
Affects LRAS
Drag and drop here
Doesn't affect LRAS

Answers

Capital, labor, and technology are the only variables that affect the aggregate supply curve over the long term. The curve may shift to the right as a result of increased capital, more labor availability, and improved technology since it is vertical in the long term.

What affects long run aggregate supply?

Changes in input prices cause the SRAS curve to vary, but the LRAS curve stays at the full-employment output level regardless of input price changes. In the case of the SRAS, there is a brief boost in output as the price rises.

The long-run aggregate supply (LRAS) curve depicts the connection between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output at full employment.

The LRAS curve is vertical as opposed to the upward-sloping SRAS curve since all expenses adjust over enough time.

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