Answer:
c
Explanation:
its c
Sales prospects focus on atmospherics.
Hence option C is correct.
As Sales prospects is one that we can reach easily and can communicate them for our products.
What is Sales prospects?Sales prospects generally means finding potential buyers and reaching them for the product or service. Sales Prospects is very necessary for the company's growth.
What is Atmospherics?Atmospherics is a characteristics to identify the retail brand and set it apart from competitors. It is a key element which influence shoppers behavior.
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Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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HELP NEED TO BE DONE FAST
Answer:
1. Company:Apple
The brand promise of Apple is to provide cutting-edge, usable technological products that improve people's lives. Apple does this through emphasising design, quality, and usability as well as the development of an ecosystem of connected devices and services.Apple also reinforces its brand promise and forges an emotional bond with its customers through its advertising campaigns and physical locations.
2.Company type: Natural medicines and organic supplements are sold by a health and wellness firm.
a. A variety of natural cures and supplements, including vitamins, herbs, and goods for alternative medicine would be sold by the firm.
b. Target client categories might be categorised according to their lifestyle choices and health requirements. For instance, one group would be those seeking immune system support vitamins, while another might be those seeking natural treatments for stress and anxiety.
c. The company may choose to differentiate between these two groups of clients by making tailored advice and offers based on their individual health requirements and concerns. For instance, the business may give the first group a discount on immune-boosting vitamins and the second group a discount on items that reduce stress. This strategy would demonstrate the company's commitment to offering individualised solutions and concern for its clients' specific health issues.
d. If the company discriminates against consumers based on their health issues, gender, age, or other variables, the sort of channel management mentioned above might possibly result in unjust treatment of some groups.
3. a. When determining how much inventory to keep on hand of a specific item, factors to take into account include past sales data, consumer demand trends, seasonality, and supplier availability.
b. If I owned a supermarket or clothes business, I would choose the Just-in-Time (JIT) purchasing strategy. When you just-in-time (JIT) buy inventory, you just buy what you need and pay less for extra inventory and storage space.
c. The ABC inventory system, which classifies items based on their worth and consumption rate, is one inventory control strategy that I would want to utilise.
d. Organic tea and honey are an example of two goods that might be mixed in a retail display. Several types of tea and honey, as well as informational materials on the health advantages of ingesting them together, might be on show.
4. The height and placement of the desk and chair, the location of the computer monitor and keyboard, the lighting and glare in the workspace, the distance between the employee and their equipment, the amount of physical effort needed to perform tasks
Sassy, Inc. needs $115 million to build a new distribution center. If it issues common stock to raise the funds, the issuance costs will be 8 percent of the total amount issued. If Sassy can issue stock at $40 per share, how many shares of common stock must be issued so that it has $115 million after flotation costs to use to fund the construction of the distribution center
Answer: 3,125,000 shares.
Explanation:
The number of shares of common stock that must be issued will be calculated as follows:
Let the amount to be raised be represented by x. Therefore,
x - (8% × x) = $115 million
x - (0.08 × x) = $115 million
x - 0.08x = $115 million
0.92x = $115 million
x = $115 million/0.92
x = $125 million
Then the number of shares that'll be issued will be:
= Amount raised / Issue price of stock.
= $125 million / 40
= 3,125,000 shares.
HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet
2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.
3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.
4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.
Please provide citation and reference to sources. Quoted language must be put inside quotation marks
The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.
The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.
Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.
However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.
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The following is an extract of Webee Ltd.’s balance sheet. What is its current ratio?
Particulars $
Cash 5,000
Accounts Receivable 5,000
Inventory 10,000
Prepayments 4,000
Long term Assets 100,000
Accounts Payable 2,000
Notes payable within 10 months 2,000
Wages Payable 4,000
Long term Liabilities 16,000
Stockholder's Equity 100,000
a. 2:1
b. 3:1
c. 6:1
d. 4:1
The current ratio of Webee Ltd is b. 3:1.The current ratio of Webee Ltd can be calculated by dividing its current assets by its current liabilities. Given that we have the company's balance sheet, we can easily find the current ratio.
Current assets are: Cash + Accounts Receivable + Inventory + Prepayments = $5,000 + $5,000 + $10,000 + $4,000 = $24,000Current liabilities are:
Accounts Payable + Notes payable within 10 months + Wages Payable = $2,000 + $2,000 + $4,000 = $8,000Now that we have both figures, we can calculate the current ratio as follows:
Current Ratio = Current Assets / Current Liabilities = $24,000 / $8,000 = 3:1.Therefore, the current ratio of Webee Ltd is b. 3:1.
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heres a freebe to get more points. whats ur fav disney movie and whos ur fav disney princess. why?
Answer:
fav Disney movie: coco fav Disney princess: Tiana
Explanation:
i dont know why I just like them and they dont have a lot of black princesses so yeah
Answer:
belle and beauty and the beast
Explanation:
because shes not judgmental and can be her own person
What is our planet called?
Answer:
Earth
Explanation:
Answer:
Earth
Explanation:
how do you understand the word business finance?
Answer:
Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities
Answer:
in my opinion and own words
Explanation:
Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business
.(Thank you and sorry)0
Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Explanation:
to calculated this question to solve
Let's says prices on average increase 6 percent each year. The State of Oregon allows rents to increase 7 percent each year (in nominal terms). Is the law allowing the rent to increase each year in real terms?
Question 10 options:
a)
Yes
b)
No
c)
Neither in nominal nor real terms
Answer:
a) Yes
Explanation:
An increase in real terms is when the real percentage increase in rent is a number greater than zero. The real rate is determined by subtracting the inflation rate from the nominal rate of interest.
Inflation refers to an increase in prices in the economy. If prices are increasing by 6 percent, the inflation rate is also 6 percent. The nominal rate of interest is the quoted rate. In this case, it is 7 percent.
The real rate of interest will be 7% - 6% = 1%.
Rent is increasing by a real rate of 1 percent per year.
Discuss five strategies that the chosen business can use to become profitable
Strategies that the chosen business can use to become profitable.
When businesses formulate a method, it facilitates their understanding of their strengths and weaknesses. This way, they are able to capitalize on what they may be appropriate for and enhance their weaker elements. It ensures that every issue of a business is deliberate. this means extra performance and higher and greater effective plans.
Make strategic making plans a top priority. preserve a near eye on your competitors. paintings to increase your purchaser base.stay near your customers.display profit margins.When businesses formulate a strategy, it facilitates their understanding of their strengths and weaknesses. This way, they can capitalize on what they may be excellent at and enhance their weaker factors. It guarantees that each component of an enterprise is planned. this indicates more performance and better and greater powerful plans.
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t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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CALCULATE: Impact of Credit Score on Loans help me
Credit score is an important factor that lenders consider when evaluating a borrower's creditworthiness.
A credit score is a numerical representation of a person's creditworthiness, based on their credit history and other financial data.
In general, a higher credit score indicates that a borrower is more likely to repay their loan on time, while a lower credit score suggests a higher risk of default.
As a result, lenders use credit scores as one of the primary factors in deciding whether to approve a loan application and what interest rate to charge.
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A credit score has a significant impact on the terms and interest rates of loans. Higher credit scores generally result in lower interest rates and vice versa.
Explanation:In the context of loans, a credit score plays a significant role in determining the terms and conditions of the loan. Lenders use credit scores to assess the creditworthiness of borrowers and estimate the level of risk associated with lending money to them.
A higher credit score generally results in lower interest rates on loans, while a lower credit score may lead to higher interest rates or even rejection of the loan application.
For example, if a borrower has a high credit score, say above 750, they may be eligible for a loan with a lower interest rate, such as 4%. On the other hand, if a borrower has a lower credit score, say below 600, they may be offered a loan with a higher interest rate, such as 10%. This difference in interest rates can significantly impact the cost of the loan over time.
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Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $6,000. Total real estate taxes for the home are $2,200, and interest on the home mortgage is $4,000. Annual utilities and maintenance expenses total $2,000, and depreciation expense is $4,500.
Answer:its 100000000
Explanation:
yes
Sheridan Corporation wishes to exchange a machine used in its operations. Sheridan has received the following offers from other companies in the industry.
1. Skysong Company offered to exchange a similar machine plus $25,300. (The exchange has commercial substance for both parties.)
2. Concord Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.)
3. Marigold Company offered to exchange a similar machine, but wanted $3,300 in addition to Sheridanâs machine. (The exchange has commercial substance for both parties.)
In addition, Sheridan contacted Swifty Corporation, a dealer in machines. To obtain a new machine, Sheridan must pay $102,300 in addition to trading in its old machine.
Sheridan Skysong Concord Marigold Swifty
Machine cost $176,000 $132,000 $167,200 $176,000 $143,000
Accumulated depreciation 66,000 49,500 78,100 82,500 â0â
Fair value 101,200 75,900 101,200 104,500 203,500
Required:
For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company
Answer:
1. In the books of SHERIDAN
Dr Cash $25,300
Dr Machinery $75,900
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal $8,800
Cr Machinery $176,000
In the books of SKYSONG
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $49,500
Dr Loss on disposal $6,600
Cr Cash $25,300
Cr Machinery $132,000
2. In the books of SHERIDAN
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal $8,800
Cr Machinery $176,000
In the books of CONCORD
Dr Machinery $89,100
Dr Accumulated Depreciation - Machinery $78,100
Cr Machinery $167,200
3. In the books of SHERIDAN
Dr Machinery 104,500
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal $8,800
Cr Cash $3,300
Cr Machinery $176,000
In the books of MARIGOLD
Dr Cash $3,300
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $82,500
Cr Machinery $176,000
Cr Gain on disposal $11,000
4.In the books of SHERIDAN
Dr Machinery $203,500
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal $8,800
Cr Cash $102,300
Cr Machinery $176,000
In the books of SWIFTY
Dr Cash $102,300
Dr Inventory $101,200
Cr Sales Revenue $203,500
Dr Cost of Goods Sold $143,000
Cr Inventory $143,000
Explanation:
Preparation of the journal entries to record the exchange on the books of each company
1.Preparation of the journal entries in the books of purchaser and seller as follows
In the books of SHERIDAN
Dr Cash $25,300
Dr Machinery $75,900
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal ($176,000 − $25,300 − 75,900 − 66,000) $8,800
Cr Machinery $176,000
(To record exchange of machinery)
In the books of SKYSONG
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $49,500
Dr Loss on disposal ($132,000 + $25,300 − 101,200 − 49,500) $6,600
Cr Cash $25,300
Cr Machinery $132,000
(To record exchange of machinery)
2. Preparation of the journal entries in the books of purchaser and seller
In the books of SHERIDAN
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal ($176,000 − $101,200 − $66,000) $8,800
Cr Machinery $176,000
(To record exchange of machinery)
In the books of CONCORD
Dr Machinery ($167,200 − $78,100) $89,100
Dr Accumulated Depreciation - Machinery $78,100
Cr Machinery $167,200
(To record exchange of machinery)
3. Preparation of the journal entries in the books of purchaser and seller
In the books of SHERIDAN
Dr Machinery 104,500
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal ($176,000 + $3,300 − $104,500 − $66,000) $8,800
Cr Cash $3,300
Cr Machinery $176,000
(To record exchange of machinery)
In the books of MARIGOLD
Dr Cash $3,300
Dr Machinery $101,200
Dr Accumulated Depreciation - Machinery $82,500
Cr Machinery $176,000
Cr Gain on disposal ($176,000 − 101,200 − 82,500 − $3,300 ) $11,000
(To record exchange of machinery)
4. Prepare the journal entries in the books of purchaser and seller as follows
In the books of SHERIDAN
Dr Machinery $203,500
Dr Accumulated Depreciation - Machinery $66,000
Dr Loss on disposal ($176,000 + $102,300 − $203,500 − $66,000) $8,800
Cr Cash $102,300
Cr Machinery $176,000
(To record exchange of machinery)
In the books of SWIFTY
Dr Cash $102,300
Dr Inventory $101,200
Cr Sales Revenue $203,500
(To record sales revenue)
Dr Cost of Goods Sold $143,000
Cr Inventory $143,000
(To record cost of goods sold)
On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:
Nov. 1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,200.
1 Paid rent for period of November 1 to end of month, $4,000.
6 Purchased office equipment on account, $12,820.
8 Purchased a truck for $30,800 paying $6,900 cash and giving a note payable for the remainder.
10 Purchased supplies for cash, $1,650.
12 Received cash for job completed, $8,000.
15 Paid annual premiums on property and casualty insurance, $2,300.
23 Recorded jobs completed on account and sent invoices to customers, $12,000.
24 Received an invoice for truck expenses, to be paid in November, $1,190.
Enter the following transactions on Page 2 of the two-column journal:
Nov. 29 Paid utilities expense, $3,560.
29 Paid miscellaneous expenses, $1,800.
30 Received cash from customers on account, $7,500.
30 Paid wages of employees, $4,750.
30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $6,230.
30 Paid dividends, $2,000.
General Journal?
General Ledger?
Unadjusted Trial Balance?
Answer:
Explanation:
(1) Journalizing the Transactions:-
Heritage Designs
General Journal
For the Month of November,20Y9
Date Accounts Debit Credit
Nov. 1 Cash $50,000
Common Stock $50,000
Nov. 1 Rent Expense $4,000
Cash $4,000
Nov. 6 Office Equipment $15,000
Accounts Payable $15,000
Nov. 8 Truck $38,500
Cash $5,000
Notes Payable $33,500
Nov. 10 Supplies $1,750
Cash $1,750
Nov. 12 Cash $11,500
Fees Earned $11,500
Nov. 15 Prepaid Insurance $2,400
Cash $2,400
Nov. 23 Accounts Receivable $22,300
Fees Earned $22,300
Nov. 24 Truck Expense $1,250
Cash $1,250
Nov. 29 Utilities Expense $4,500
Cash $4,500
Nov. 29 Miscellaneous Expense $1,000
Cash $1,000
Nov. 30 Cash $9,000
Accounts Receivable $9,000
Nov. 30 Wages Expense $6,800
Cash $6,800
Nov. 30 Accounts Payable $3,000
Cash $3,000
Nov. 30 Dividends $2,500
Cash $2,500
(2) Posting the each Transaction into General Ledger:-
Cash
Date Items Debit Credit Balance
Nov. 1 Common Stock $50,000 $50,000
Nov. 1 Rent Expense $4,000 $46,000
Nov. 8 Truck $5,000 $41,000
Nov. 10 Supplies $1,750 $39,250
Nov. 12 Fees Earned $11,500 $50,750
Nov. 15 Prepaid Insurance $2,400 $48,350
Nov. 24 Truck Expense $1,250 $47,100
Nov. 29 Utilities Expense $4,500 $42,600
Nov. 29 Miscellaneous Expense $1,000 $41,600
Nov. 30 Accounts Receivable $9,000 $50,600
Nov. 30 Wages Expense $6,800 $43,800
Nov. 30 Accounts Payable $3,000 $40,800
Nov. 30 Dividends $2,500 $38,300
Accounts Receivable
Date Items Debit Credit Balance
Nov. 23 Fees Earned $22,300 $22,300
Nov. 30 Cash $9,000 $13,300
Supplies
Date Items Debit Credit Balance
Nov. 10 Cash $1,750 $1,750
Prepaid Insurance
Date Items Debit Credit Balance
Nov. 15 Cash $2,400 $2,400
Equipment
Date Items Debit Credit Balance
Nov. 6 Accounts Payable $15,000 $15,000
Truck
Date Items Debit Credit Balance
Nov. 8 Cash $5,000 $5,000
Nov. 8 Notes Payable $33,500 $38,500
Notes Payable
Date Items Debit Credit Balance
Nov. 8 Truck $33,500 $33,500
Accounts Payable.
Date Items Debit Credit Balance
Nov. 6 Equipment $15,000 $15,000
Nov. 30 Cash $3,000 $12,000
Common Stock
Date Items Debit Credit Balance
Nov. 1 Cash $50,000 $50,000
Dividends
Date Items Debit Credit Balance
Nov. 30 Cash $2,500 $2,500
Fees Earned
Date Items Debit Credit Balance
Nov. 12 Cash $11,500 $11,500
Nov. 23 Accounts Receivable $22,300 $33,800
Wages Expense
Date Items Debit Credit Balance
Nov. 30 Cash $6,800 $6,800
Rent Expense
Date Items Debit Credit Balance
Nov. 1 Cash $4,000 $4,000
Utilities Expense
Date Items Debit Credit Balance
Nov. 29 Cash $4,500 $4,500
Truck Expense
Date Items Debit Credit Balance
Nov. 24 Cash $1,250 $1,250
Miscellaneous Expense
Date Items Debit Credit Balance
Nov. 29 Cash $1,000 $1,000
(3) Preparing Unadjusted Trial Balance:-
Heritage Designs
Unadjusted Trial Balance
November 30,20Y9
No. Accounts Title Debit Credit
1 Cash $38,300
2 Accounts Receivable 13,300
3 Supplies 1,750
4 Prepaid Insurance 2,400
5 Equipment 15,000
6 Truck 38,500
7 Notes Payable $33,500
8 Accounts Payable 12,000
9 Common Stock 50,000
10 Retained Earnings 0
11 Dividends 2,500
12 Fees Earned 33,800
13 Wages Expense 6,800
14 Rent Expense 4,000
15 Utilities Expense 4,500
16 Truck Expense 1,250
17 Miscellaneous Expense 1,000
Totals $129,300 $129,300
(4) Determining the excess of revenues over expenses for November:-
Preparing Income Statement:-
Heritage Designs
Income Statement
For the Month Ended November 30,20Y9
Accounts Amount Amount
Fees Earned $33,800
Less:- Expenses
Wages Expense $6,800
Rent Expense 4,000
Utilities Expense 4,500
Truck Expense 1,250
Miscellaneous Expense 1,000
Total Expenses $(17,550)
Revenues over Expenses $16,250
Revenues over expenses for the month of November is $16,250.
(5) The amount determined in (4) might not be the net Income for November Because necessary adjustments to Expenses, like Depreciation has not made. So the amount not net Income for November.
The purpose of a college degree is to give you priority over all professional opportunities.
A
True
B) False
Answer:
A) TrueExplanation:
:::::::::::::::::::::::::
A company needs 550,000 items per year. It costs the company $330 to prepare a production run of these items and $5 to produce each item. If it also costs the company $0.75 per year for each item stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. items/run
Answer:
Company A
The number of items that should be produced in each run to minimize total costs of production and storage is:
= 22,000 units
Explanation:
a) Data and Calculations:
Total annual demand = 550,000 units
Cost per production run = $330
Cost per unit = $5
Storage (holding) cost per item = $0.75
The number of items that should be produced in each run to minimize total costs of production and storage is given by Economic Order Quantity (EOQ) formula
= square root of (2 * 550,000 * $330)/$0.75
= square root of $363,000,000/$0.75
= square root of 484,000,000
= 22,000 units
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
Cross-functional teams are not very effective to use when developing a new product or service
Cross-functional teams help firms prioritize their customers by fostering effective communication between teams. Bringing people with different perspectives together can improve problem-solving and lead to the formulation of more informed, sustainable decisions making
Making decisions entails choosing a course of action from among two or more viable options in order to find a solution to a particular issue.
As shown by the aforementioned definitions, decision-making is a consultative process carried out by a group of specialists in order to improve the functioning of any business. As a result, it is an ongoing and dynamic activity that permeates all other organizational activities.
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Explain major theories discussed in Microeconomics by Austan Goolsbee
The major theories discussed in Microeconomics by Austan Goolsbee are The law of demand, The principle of comparative advantage, and so on.
A well-known economist who has significantly advanced the study of macroeconomics is Austan Goolsbee.
A fundamental principle known as the law of demand states that there is an inverse relationship between a commodity's price and demand. This implies that as a good's price decreases, consumers will be eager to buy more of it.
According to the comparative advantage principle, in order to benefit, nations should specialize in producing the goods and services in which they have a comparative advantage.
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The income statement, also known as a profit and loss (P&L) statement, provides a snapshot of a company's financial performance during a specified period of time. It reports a firm's gross income, expenses, net income, and the income that is available for distribution to its preferred and common shareholders. The income statement is prepared using the generally accepted accounting principles (GAAP) that match the firm's revenues and expenses to the period in which they are incurred, not necessarily when cash is received or paid. Investors and analysts use the information presented in the income statement, and the other financial statements and reports, to evaluate the company's financial performance and condition Consider the following scenario: Green Caterpillar Garden Supplies Inc.'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Green Caterpillar is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 70.00% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Green Caterpillar expects to pay $100,000 and $896,963 of preferred and common stock dividends, respectively.Complete the Year 2 income statement data for Green Caterpillar, then answer the questions that follow. Round each dollar value to the nearest whole dollar. Green Caterpillar Garden Supplies Inc. Income Statement for Year Ending December 31 Year 1 Year 2 (Forecasted) $15,000,000 10,500,000 600,000 600,000 $3,900,000 390,000 Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Operating income (or EBIT) Less: Interest expense Pre-tax income (or EBT) Less: Taxes (40%) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Less: Common stock dividends Contribution to retained earnings $3,510,000 1,404,000 $2,106,000 100,000 $2,006,000 737,100 $1,109,037 $1,565,787 Given the results of the previous income statement calculations, complete the following statements:Given the results of the previous income statement calculations, complete the following statements: • In Year 2, if Green Caterpillar has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. • If Green Caterpillar has 500,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in Year 2 • Green Caterpillar's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2. • It is to say that Green Caterpillar's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $1,109,037 and $1,565,787, respectively. This is because of the items reported in the income statement involve payments and receipts of cash.
Answer:
The solution and the calculation is shown on the first , second and third image
Explanation:
The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the bonds sell for $987. What is the yield to maturity? B) 6.92 percent D) 7.22 percent A) 6.97 percent C) 6.88 percent E) 7.43 percent
Answer:
The answer is D. 7.22 percent
Explanation:
Interest payments are being made semiannually, this means it is being paid twice in a year
N(Number of periods) = 16 periods ( 8 years x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $987
PMT( coupon payment) = $35 ( [7 percent÷ 2] x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 16; PV = -987 ; PMT = 35; FV= $1,000; CPT I/Y= 3.61
3.61 percent is the Yield-to-maturity for semiannual
Therefore, the Yield-to-maturity of the bond annually is 7.22 percent (3.61 percent x 2)
Difference between free market and capitalism.
What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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First one to answer gets a brainly, look at the picture please
Answer:
c
Explanation:
Answer: B
Explanation:
what is the best way to make money as a teen
Answer:
wash car in the neighborhood, become an influencer, help around the house if your guardian give you money, get a job that is easy for you if you are above 16 year old
if under 16 or the legal age in your state to start working then the best way to make money is babysitting. Though if old enough, then apply at a local business in your town. ex: restaurant, second hand store etc
asper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)
Answer:
$595
Explanation:
The computation of the amount of interest is shown below:-
Amount of interest = Loan amount × Interest rate × Number of days ÷ Number of days in a year
= $28,000 × 8.5% × 90 ÷ 360
= $595
Therefore for computing the amount of interest we simply applied the above formula.
And the same is to be considered
illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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