Answers
The graph "Inequality in Selected Countries" is best supported by "The income gap narrowed in the United States between the late 1930s and the 1970s. Since then, it has widened"
What is depicted by Inequality in Selected Countries?The graph shown the level of Inequality in the selected Countries especially in income, housing, standard of living etc
Therefore, the Option C is correct.
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Related Questions
Use the given financial data to indicate which firm has the higher degree of each type of risk. Which firm has more business risk
Answers
Based on the given matrics, the firm with more business risk is Purple Panda.
Why does Purple Panda have more business risk?A company is said to have more business risk if the standard deviation of its expected Net operating profit after tax (NOPAT) is high.
This is because there is a greater variation in the NOPAT which means that a company has a greater risk of making less as well as more returns. Purple Panda has a high NOPAT standard deviation and so is riskier.
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Assume that you contribute $330 per month to a retirement plan for 15 years Then you are able to increase the contribution to $530 per month for the next 25 years. Given an 8% interest rate, what is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places)
Answers
Answer:
Total FV= $1,284,234.68
Explanation:
Giving the following information:
First part:
Monthly deposit= $330 per month
Number of periods= 15*12= 180
Second part:
Monthly deposit= $530 per month
Number of periods= 25*12= 300
Interest rate= 0.08/12= 0.0067
First, we will calculate the future value of the first part:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {330*[(1.0067^180) - 1]} / 0.0067
FV= $114,598.17
Now, for 15 years:
FV= PV*(1+i)^n
FV= 114,598.17*(1.0067^300)
FV= 776,901.77
Finally, the future value of the second part:
FV= {530*[(1.0067^300) - 1]} / 0.0067
FV= 507,332.91
Total FV= 776,901.77 + 507,332.91
Total FV= $1,284,234.68
The worst crash rate involving fatalities is in the age group of drivers ...
A. ages 21 to 25.
B. ages 19 years old and younger.
C. ages 75 and older.
Answers
Answer:
The age group with the most fatal crashes is drivers between the ages of 25 and 34. There are nearly 1,000 more deaths per year among 25- to 34-year-olds than drivers under 25.
The age group with the worst crash rate involving fatalities is generally the 19 years and younger group. This is largely due to factors like inexperience and risk-taking behavior. However, statistics can vary and elderly drivers can also have higher crash rates.
Explanation:Based on statistical data, the age group with the worst crash rate involving fatalities is typically B. ages 19 years old and younger. This is often due to a combination of inexperience, risk-taking behavior, and lack of maturity. However, it's important to note that numbers can vary slightly depending on the region and the specific year being considered. It's also worth mentioning that older drivers, specifically those ages 75 and older, can also have higher crash rates due to factors such as declining health conditions and slower reaction times.
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Red Raider Company uses a plantwide overhead rate with direct labor hours as the allocation base. Next year, 560,000 units are expected to be produced requiring 0.90 direct-labor hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?
Estimated: Department 1 Department 2
Manufacturing overhead costs $2,530,000 $900,000
Direct labor hours 168,000 DLH 110,000 DLH
Machine hours 30,000 MH 8,000 MH
a. $12.34 per unit
b. $63.95 per unit
c. $7.32 per unit
d. $11.11 per unit
e. $15.06 per unit
Answers
Answer:
d. $11.11 per unit
Explanation:
Plant wide overhead rate = Total manufacturing cotsts / Total direct labor hours
Plant wide overhead rate = ($2,530,000 + $900,000) / (168,000+110,000)
Plant wide overhead rate = $3,430,000 / 278,000
Plant wide overhead rate = $12.34 per DLH
Overhead cost per unit = Plant wide overhead rate * Direct hours per unit
Overhead cost per unit = $12.34 * 0.90
Overhead cost per unit = $11.11 per unit
A loss is when:
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.
Answers
Answer: B. Revenue is less than expenses.
Explanation:
Which of the following statement is correct?
a. firms in monopoly can sell non-commodities while firms in monopolistic competition cannot.
b. firms in monopoly can sell a commodity while firms in monopolistic competition cannot.
c. firms in monopoly are price setters while firms in monopolistic competition are not.
d. firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.
Answers
Answer:
the correct answer I to this question is c
On June 30, 2021, Crane Company had outstanding 7%, $8040000 face amount, 15-year bonds maturing on June 30, 2031. Interest is payable on June 30 and December 31. The unamortized balance in the bond discount account on June 30, 2021 was $365000. On June 30, 2021, Crane acquired all of these bonds at 95 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt
Answers
Answer:
$7,675,000
Explanation:
The computation of the net carrying amount is shown below:-
Net carrying amount = Face amount - Unamortized balance in the bond discount account on June 30, 2021
= $8,040,000 - $365,000
= $7,675,000
Therefore for computing the net carrying amount we simply applied the above formula.
Hence, the net carrying amount is $7,675,000
what score did you get? (:
Name the form of ownership represented by SABC
Answers
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
The form of ownership represented by SABC is a publicly owned or state-owned broadcasting corporation that is managed by the government of South Africa. Indeed, SABC stands for South Africa Broadcasting Corporation. It was created on August 1, 1936, as the public broadcasting system of the South African government. Today, it controls 19 AM and FM stations in the country and operates five television channels that foment the optimal educational and entertainment content for the people of South Africa.
explain what a credit score and a credit report are
Answers
Explanation:
Credit report is the statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
Credit scores are calculated basing on the information in your credit report
The United States has imposed a tariff of 51% on radial car tire imports from China. The tariff caused imports of tires to drop precipitously after only a few months. Additionally, the price of tires rose significantly after only a few months.
1st attempt
Part 1 (1 point)See Hint
Who benefited from this tariff?
Choose one or more:
A. Chinese radial car tire producers
B. non-Chinese foreign radial car tire producers
C. U.S. radial car tire consumers
D. U.S. radial car tire producers
Part 2 (1 point)See Hint
Now suppose that the United States increases the tariff to 75% on radial car tire imports from China. Which of the following is likely to occur in the United States?
Choose one:
A. Only tires produced in China will increase in price.
B. Only tires imported from non-Chinese foreign producers will increase in price.
C. The average radial car tire price will stay the same.
D. The average radial car tire price will increase.
E. Only domestically produced tires will increase in price.
Answers
We can clearly see that domestic producers in the United States (option D) will benefit the most because there will be no foreign competitors. Only tyres manufactured in China will see price increases in the second scenario.
What exactly is tariff?Tariffs are taxes levied by a country's or supranational union's government on commodities imported or exported. Import duties, in addition to being a source of government funding, can also be a form of foreign trade regulation and policy that taxes imported imports in order to encourage or safeguard domestic production. Protective tariffs, along with import and export quotas and other non-tariff trade barriers, are among the most widely used instruments of protectionism..
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Required information {The following information applies to the questions displayed below. At the beginning of Year 2, the Redd Company had the following balances in its accounts:
Cash $8,200
Inventory 2,200
Common stock 7, 700
Retained earnings 2,700
During Year 2, the company experienced the following events:
1. Purchased inventory that cost $5,700 on account from Ross Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $520 were paid in cash.
2. Returned $350 of the inventory that it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost.
3. Paid the amount due on its account payable to Ross Company within the cash discount period.
4. Sold inventory that had cost $6,200 for $9,200 on account, under terms 2/10, n/45.
5. Received merchandise returned from a customer. The merchandise originally cost $520 and was sold to the customer for $820 cash. The customer was paid $820 cash for the returned merchandise.
6. Delivered goods FOB destination in Event 4. Freight costs of $620 were paid in cash.
7. Collected the amount due on the account receivable within the discount period.
8. Took a physical count indicating that $1,900 of inventory was on hand at the end of the accounting period.
Required
a. Identify these events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE) (Select "NA" if there is no effect on the "Classification".) Classification Event 1a. (Purchase inventory). 16. (Shipping cost) 4a. (Recording revenue). 4b. (Recording cost of goods sold) 5a.(Reversing revenue) 46. (Reversing cost of goods sold). 6.
b. Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. (Enter any decreases to account balances and cash outflows with a minus sign.
Answers
Answer:
Assets:
Cash 8200 - 520 - 5243 - 820 - 620 + 9016 = 10,013
Receivables 9200 - 9200 = 0
Inventory 2200 + 5700 + 520 - 350 - 107 - 6200 + 520 - 383 = 1900
Liabilities:
Accounts Payable 5700 - 350 - 5350 = 0
Common Stock 7700 = 7700
Explanation:
Redd Company has incurred multiple transactions which will require adjustments before financial statements are prepared. These transaction will have effects on both sides of the accounts assets and liabilities. Common stock is not affected by the transactions as this is equity section.
..S11.16 Monczka-Trent Shipping is the logistics vendor for
Handfield Manufacturing Co. in Ohio. Handfield has daily ship-
ments of a power-steering pump from its Ohio plant to an auto
assembly line in Alabama. The value of the standard shipment is
$250,000. Monczka-Trent has two options: (1) its standard 2-day
shipment or (2) a subcontractor who will team drive overnight
with an effective delivery of one day. The extra driver costs $175.
Handfield's holding cost is 35% annually for this kind of inventory.
a) Which option is more economical?
b) What production issues are not included in the data presented?
Answers
1. The standard 2-day shipment is more economical
2. The impact of transportation time on production schedules, the availability of the power-steering pump at the Ohio plant, and the impact of any delays or disruptions in transportation are not discussed here
What option is more economical?a) To determine which option is more economical, we need to calculate the total cost of each option, taking into account the cost of transportation and the holding cost of the inventory.
Option 1: Standard 2-day shipment
Transportation cost: Assuming the transportation cost for the standard 2-day shipment is $1,000, which is typical for a shipment of this value, the total cost would be:
$1,000 + (0.35/365 x $250,000 x 2) = $1,845.21
Option 2: Overnight team driveTransportation cost: Assuming the transportation cost for the overnight team drive is $1,175 ($1,000 for the standard shipment plus $175 for the extra driver), the total cost would be:
$1,175 + (0.35/365 x $250,000 x 1) = $1,877.40
Therefore, the standard 2-day shipment is more economical with a total cost of $1,845.21, compared to the overnight team drive with a total cost of $1,877.40.
b) There are several production issues not included in the data presented, such as the impact of transportation time on production schedules, the availability of the power-steering pump at the Ohio plant, and the impact of any delays or disruptions in transportation on the assembly line in Alabama. These issues can affect the overall cost and efficiency of the production process and should be considered when making decisions about transportation and logistics.
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The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone Company, reports it can resolve customer problems the same day they are reported in 70% of the cases. Suppose the 12 cases reported today are representative of all complaints.
a-1. How many of the problems would you expect to be resolved today? (Round your answer to 2 decimal places.)
a-2. What is the standard deviation? (Round your answer to 4 decimal places.)
b. What is the probability 6 of the problems can be resolved today? (Round your answer to 4 decimal places.)
c. What is the probability 6 or 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
d. What is the probability more than 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
Answers
Answer:
Explanation:
a-1. We can use the expected value formula to find the number of problems we would expect to be resolved today:
Expected value = Number of cases reported x Probability of resolution
Expected value = 12 x 0.7
Expected value = 8.4
Rounding to 2 decimal places, we would expect 8.40 problems to be resolved today.
a-2. To find the standard deviation, we can use the formula:
Standard deviation = √(n x p x (1 - p))
where n is the number of cases reported and p is the probability of resolution. Substituting in the values given, we get:
Standard deviation = √(12 x 0.7 x (1 - 0.7))
Standard deviation = √(3.36)
Standard deviation = 1.8326
Rounding to 4 decimal places, the standard deviation is 1.8326.
b. To find the probability that 6 of the problems can be resolved today, we can use the binomial probability formula:
P(X = x) = (nCx) * p^x * (1 - p)^(n - x)
where n is the number of cases reported, p is the probability of resolution, x is the number of cases that can be resolved, and nCx is the binomial coefficient (nCx = n! / x!(n-x)!).
Substituting in the values given, we get:
P(X = 6) = (12C6) * 0.7^6 * (1 - 0.7)^(12 - 6)
P(X = 6) = (924) * 0.7^6 * 0.3^6
P(X = 6) = 0.0482
Rounding to 4 decimal places, the probability that 6 of the problems can be resolved today is 0.0482.
c. To find the probability that 6 or 7 of the problems can be resolved today, we can use the same formula as in part (b), but we need to calculate the probabilities separately for 6 and 7, and then add them together:
P(X = 6 or X = 7) = P(X = 6) + P(X = 7)
P(X = 6 or X = 7) = (12C6) * 0.7^6 * 0.3^6 + (12C7) * 0.7^7 * 0.3^5
P(X = 6 or X = 7) = 0.0482 + 0.1254
P(X = 6 or X = 7) = 0.1736
Rounding to 4 decimal places, the probability that 6 or 7 of the problems can be resolved today is 0.1736.
d. To find the probability that more than 7 of the problems can be resolved today, we can use the complement rule and subtract the probability of 7 or fewer problems being resolved from 1:
P(X > 7) = 1 - P(X ≤ 7)
P(X > 7) = 1 - [P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6) + P(X = 7)]
P(X > 7) = 1 - [(12C0) * 0.7^0 * 0.3^12 + (12C1) * 0.7
The language used in texting is acceptable in business writing. True or false
Answers
Answer: The answer is generally false.
Explain the role of values in the making of business ethics.How these can be incorporated in working out business strategy?
Answers
it helps by making the plan to start everything offExplanation:
When using straight line amortization on premium bonds:_______.
A. the same interest income is reported each year
B. decreasing interest income is reported each year
C. increasing interest income is reported each year
D. the reported interest income is determined by the current market price of the bond
Answers
Answer: the same interest income is reported each year
Explanation:
The straight-line amortization method is a simple way to amortize a bond as an equal amount of interest are allocated over every accounting period.
When using straight line amortization on premium bonds, the same interest income is reported each year. Therefore, option A is the best answer.
Explain how using a credit card can be similar to
getting an interest free loan
Answers
Answer: Credit cards can easily work as a short-term loan, but cards that offer 0% APR for a limited time have the potential to be “free.” The key to using a credit card as an interest-free loan is making sure you can pay every cent of your balance off before your card's introductory offer ends.
Explanation:
The Money Order Transaction log must be completed for all money
order transactions.
True
False
Answers
The statement that the Money Order Transaction log must be completed for all money order transactions is FALSE.
When should the Money Order Transaction log be completed?The regulations of the United States Treasury Department states that the Money Order Transaction log should be filled for money order transactions that are either valued at $3,000 or above.
This means that money orders that are less than $3,000 need not be filled in the Money Order Transaction log.
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Part III. TRUE/FALSE (5pt) 1. Paragraphs encompass the text up to and including the paragraph mark (1. 2. Paragraph formatting requires the paragraph to be selected prior to formatting. 3. When a paragraph is right-aligned, the Align Right button on the Formatting toolbar is sel 4. To enter text in a document, you type on the keyboard or speak into the microphone. 5. If a word is typed that is not in Word's dictionary, a red wavy underline appears below th
Answers
Answer:
1. True
2. False
3. False
4. True
5. True
Explanation:
Answer:
1.True
2.True
3.True
4.True
5.True
Explanation:
Select the correct answer.
Jacob has shown interest in assignments in another business unit, but in the same organization. He approaches the HR manager with the request. What can the HR person do in this case?
A.
give him a salary raise and retain him in the same department
B.
defer the case to the company lawyer
C.
facilitate a lateral transfer process
D.
ask the employee to resign due to distractions
Answers
Answer: B i think.
Explanation:
Answer: the answer is c
Explanation: got it correct and if he wants to transfer he is not going to take a raise and stay and there is no reason to get a lawyer involved and the last one is just common since
Merchandising transactions.
ABC Company distributes merchandises to retail stores. During the month of July, the following merchandising transactions were occurred.
July 1: Purchased 600 units of merchandises on account from XYZ Manufacturers, FOB destination, terms 2/10, n/30. The merchandise has a list price of Birr 150 per unit with the trade discount of 20%. The appropriate party also made a cash payment of Birr 800 for freight on this date.
3: Sold merchandises on account to Satchel World for Birr 8,200. The cost of merchandises sold was Birr 5,400.
9: Paid XYZ Manufacturers in full.
12: Received payment in full from Satchel World.
17: Sold merchandises on account to Lady GoGo for Birr 5,400 which is subject to a sales tax of 15%. The cost of the merchandises sold was Birr 4,030.
18: Purchased merchandises on account for Birr 3,900 from Holiday Manufacturers, FOB shipping point, terms 1/10, n/30. The appropriate party also made a cash payment of Birr 750 for freight on this date.
20: Received Birr 900 credit for merchandises returned to Holiday Manufacturers.
21: Received payment in full from Lady GoGo.
22: Sold merchandises on account to Vagabond for Birr 6,400. The cost of merchandises sold was Birr 4,300.
30: Paid Holiday Manufacturers in full.
31: Granted Vagabond Birr 400 credit for merchandises returned costing Birr 280.
Instructions
Journalize the transactions for the month of July for ABC Company using:
Perpetual inventory system
Periodic inventory system
Answers
Journalizing the transactions for the month of July for ABC Company using the perpetual and periodic inventory systems is as follows:
Journal Entries under the Perpetual Method:July 1: Debit Inventory Birr 72,000
Credit Accounts Payable (XYZ Manufacturers) Birr 72,000
FOB destination, terms 2/10, n/30. The merchandise has a list price of Birr 150 per unit with a trade discount of 20%.
July 3: Debit Accounts Receivable (Satchel World) Birr 8,200
Credit Sales Revenue Birr 8,200
Debit Cost of goods sold Birr 5,400
Credit Inventory Birr 5,400
July 9: Debit Accounts Payable (XYZ Manufacturers) Birr 72,000
Credit Cash Birr 70,560
Credit Cash Discounts Birr 1,440
July 12: Debit Cash Birr 8,200
Credit Accounts Receivable (Satchel World) Birr 8,200
July 17: Debit Accounts Receivable (Lady GoGo) Birr 6,210
Credit Sales Revenue Birr 5,400
Credit Sales Tax Payable Birr 810
Subject to a sales tax of 15%.
Debit Cost of goods sold Birr 4,030
Credit Inventory Birr 4,030
July 18: Debit Inventory Birr 3,900
Credit Accounts Payable (Holiday Manufacturers) Birr 3,900
FOB shipping point, terms 1/10, n/30.
Debit Freight-in Birr 750
Credit Cash Birr 750
July 20: Debit Accounts Payable (Holiday Manufacturers) Birr 900
Credit Inventory Birr 900
For merchandise returned to Holiday Manufacturers.
July 21: Debit Cash Birr 6,210
Credit Accounts Receivable (Lady GoGo) Birr 6,210
July 22: Debit Accounts Receivable (Vagabond) Birr 6,400
Credit Sales Revenue Birr 6,400
Debit Cost of goods sold Birr 4,300
Credit Inventory Birr 4,300
July 30: Debit Accounts Payable (Holiday Manufacturers) Birr 3,000
Credit Cash Birr 3,000
July 31: Debit Sales Returns Birr 400
Credit Accounts Receivable (Vagabond) Birr 400
Debit Inventory Birr 280
Credit Cost of goods sold Birr 280
For merchandises returned costing Birr 280.
Journal Entries under the Periodic Method:July 1: Debit Purchases Birr 72,000
Credit Accounts Payable (XYZ Manufacturers) Birr 72,000
FOB destination, terms 2/10, n/30. The merchandise has a list price of Birr 150 per unit with a trade discount of 20%.
July 3: Debit Accounts Receivable (Satchel World) Birr 8,200
Credit Sales Revenue Birr 8,200
July 9: Debit Accounts Payable (XYZ Manufacturers) Birr 72,000
Credit Cash Birr 70,560
Credit Cash Discounts Birr 1,440
July 12: Debit Cash Birr 8,200
Credit Accounts Receivable (Satchel World) Birr 8,200
July 17: Debit Accounts Receivable (Lady GoGo) Birr 6,210
Credit Sales Revenue Birr 5,400
Credit Sales Tax Payable Birr 810
Subject to a sales tax of 15%.
July 18: Debit Purchases Birr 3,900
Credit Accounts Payable (Holiday Manufacturers) Birr 3,900
FOB shipping point, terms 1/10, n/30.
Debit Freight-in Birr 750
Credit Cash Birr 750
July 20: Debit Accounts Payable (Holiday Manufacturers) Birr 900
Credit Purchases Return Birr 900
For merchandise returned to Holiday Manufacturers.
July 21: Debit Cash Birr 6,210
Credit Accounts Receivable (Lady GoGo) Birr 6,210
July 22: Debit Accounts Receivable (Vagabond) Birr 6,400
Credit Sales Revenue Birr 6,400
July 30: Debit Accounts Payable (Holiday Manufacturers) Birr 3,000
Credit Cash Birr 3,000
July 31: Debit Sales Returns Birr 400
Credit Accounts Receivable (Vagabond) Birr 400
Transaction Analysis under the Perpetual Method:July 1: Inventory Birr 72,000 Accounts Payable (XYZ Manufacturers) Birr 72,000
FOB destination, terms 2/10, n/30. The merchandise has a list price of Birr 150 per unit with a trade discount of 20%.
July 3: Accounts Receivable (Satchel World) Birr 8,200 Sales Revenue Birr 8,200
Cost of goods sold Birr 5,400 Inventory Birr 5,400
July 9: Accounts Payable (XYZ Manufacturers) Birr 72,000 Cash Birr 70,560 Cash Discounts Birr 1,440
July 12: Cash Birr 8,200 Accounts Receivable (Satchel World) Birr 8,200
July 17: Accounts Receivable (Lady GoGo) Birr 6,210 Sales Revenue Birr 5,400 Sales Tax Payable Birr 810
Subject to a sales tax of 15%.
Cost of goods sold Birr 4,030 Inventory Birr 4,030
July 18: Inventory Birr 3,900 Accounts Payable (Holiday Manufacturers) Birr 3,900 FOB shipping point, terms 1/10, n/30.
Freight-in Birr 750 Cash Birr 750
July 20: Accounts Payable (Holiday Manufacturers) Birr 900 Inventory Birr 900 For merchandise returned to Holiday Manufacturers.
July 21: Cash Birr 6,210 Accounts Receivable (Lady GoGo) Birr 6,210
22: Accounts Receivable (Vagabond) Birr 6,400 Sales Revenue Birr 6,400
Cost of goods sold Birr 4,300 Inventory Birr 4,300
July 30: Accounts Payable (Holiday Manufacturers) Birr 3,000 Cash Birr 3,000
July 31: Sales Returns Birr 400 Accounts Receivable (Vagabond) Birr 400
Inventory Birr 280 Cost of goods sold Birr 280
For merchandises returned costing Birr 280.
Transaction Analysis under the Periodic Method:Similar with some minor differences.
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Which type of behaviors accounts for most of the differences in both employee commitment and job performance?
A. Narcissistic behaviors
B. Change-oriented behaviors
C. Relationship-oriented behaviors
D. Emotional behaviors
E. Task-oriented behaviors
Answers
Answer:
Relationship-oriented behaviors
Explanation:
I did the assignment
Employee commitment is associated with the enhanced performance of the organization. Employee commitment has been linked to increased job satisfaction, motivation, and participation.
The business must place a greater emphasis on increasing employee dedication to superior efficiency.
The correct option is C. Relationship-oriented behaviors.
This is the correct option because the staff is offered task-oriented behavior in order to get things done and guarantee that corporate goals are reached. Showing care for employee sentiments and treating employees with respect are examples of people-oriented leader behavior.
People-oriented leaders sincerely care about their workers' well-being, and they show it through their personal behavior.
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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You can hire 0, 1, 2, or 3 workers. If you hire 0, you produce $0 of output. If you hire 1 worker, your revenue (total value product) is $30. If you hire 2 workers, your revenue (total value product) is $50. If you hire 3 workers, your revenue (total value product) is $60.
What is the marginal value product of the 3rd worker?
What is the profit-maximizing number of workers to hire when the wage is $15?
Given your answer to the last question, what is the most profits you can make from hiring?
Answers
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
How do you determine how many employees you need to hire?
You should be able to create statistical data related to your industry that enables you to quantitatively determine when hiring new employees is necessary. To make this computation simple, divide your annual revenue by your average annual employee count, then multiply the result by 12 months.
How do you figure out how many workers to hire in order to maximize profit?
The change in your company's total cost (TC) caused by hiring an additional employee is known as the marginal resource cost (MRC): MRC = TC/L. Since you can hire as many employees as you like at the going rate, MRC = Wage. An employer should hire the number of employees at which MRP = MRC in order to maximize profits.
To learn more about marginal revenue from the given link.
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When an employee is paid biweekly this means..."
They are paid every two weeks
They will receive 24 paychecks
They are paid on two specific days, such as the 14th and the 30th of every month
All of the above
Answers
Answer:
every 2 weeks
Explanation:
done,produced or occurring every 2 weeks
The Accounts Receivable balance for Bach Consulting is $4,400,000 as of May 31, 2020. Before calculating and recording the month’s bad debt expense, there is a credit balance in the Allowance for Doubtful Accounts of $80,000. The May 2020 net sales were $30,000,000. In the past several years, 1% of net sales have proven uncollectible. An aging of accounts receivable results in a $360,000 estimate for the Allowance for Doubtful Accounts as of May 31, 2020.
PART A: PERCENT OF SALES METHOD
Assume that Bach Consulting uses the percent of sales method to estimate future uncollectible accounts.
What adjusting entry does Bach make to record May 2020 Bad Debt Expense?
What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $___________
What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $___________
PART B: ANALYSIS OF RECEIVABLES METHOD
Assume that Bach Consulting instead uses the analysis of receivables method to estimate future uncollectible accounts.
What adjusting entry does Bach make to record May 2020 Bad Debt Expense?
What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $___________
What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $___________
Problem 3
Use PVH Corp.’s financial statement information to answer the following questions.
Provide the following account balances for PVH:
February 2, 2020
February 3, 2019
Accounts Receivable (gross)
Allowance for Doubtful Accounts
Accounts Receivable, net
Which of the above numbers represents the amount of its February 2, 2020 Accounts Receivable balance that PVH expects to collect in the subsequent year(s)?
Which of the above numbers represents that amount that PVH believes it will not collect from its customers as of February 2, 2020?
Which of the above numbers represents the total amount PVH is owed by customers as of February 2, 2020?
Provide the journal entry (both accounts and amounts) that PVH must have made to record its estimate of Bad Debt Expense in fiscal year 2019.
Provide the journal entry (both accounts and amounts) that PVH must have made to record Accounts Receivable writeoffs in fiscal year 2019.
Answers
Answer:
Assume that Bach Consulting uses the percent of sales method to estimate future uncollectible accounts.
What adjusting entry does Bach make to record May 2020 Bad Debt Expense?
Dr Bad debt expense 300,000 (= $30,000,000 x 1%)
Cr Allowance for doubtful accounts 300,000
What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $4,100,000 (= $4,400,000 - $300,000)
What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $300,000
Assume that Bach Consulting instead uses the analysis of receivables method to estimate future uncollectible accounts.
What adjusting entry does Bach make to record May 2020 Bad Debt Expense?
Dr Bad debt expense 280,000 (= $360,000 - $80,000)
Cr Allowance for doubtful accounts 280,000
What is "Accounts Receivable, net" on Bach’s May 31, 2018 Balance Sheet? $4,120,000
What is "Bad Debt Expense" on Bach’s May 2020 Income Statement? $280,000
Use PVH Corp.’s financial statement information to answer the following questions.
Provide the following account balances for PVH:
February 2, 2020 February 3, 2019
Accounts Receivable (gross) $762,000,000 $800,000,000
Allowance for Doubtful Accounts $21,000,000 $22,000,000
Accounts Receivable, net $741,000,000 $778,000,000
Which of the above numbers represents the amount of its February 2, 2020 Accounts Receivable balance that PVH expects to collect in the subsequent year(s)?
$741,000,000
Which of the above numbers represents that amount that PVH believes it will not collect from its customers as of February 2, 2020?
$21,000,000
Which of the above numbers represents the total amount PVH is owed by customers as of February 2, 2020?
$762,000,000
Provide the journal entry (both accounts and amounts) that PVH must have made to record its estimate of Bad Debt Expense in fiscal year 2019.
Dr Bad debt expense 22,000,000
Cr Allowance for doubtful accounts 22,000,000
Provide the journal entry (both accounts and amounts) that PVH must have made to record Accounts Receivable writeoffs in fiscal year 2019.
Dr Allowance for doubtful accounts 22,000,000
Cr Accounts receivable 22,000,000
Explanation:
Accounts receivable = $4,400,000
beginning balance Allowance for doubtful accounts = $80,000
May's net sales = $30,000,000
1% of net sales are uncollectible
aging of accounts receivable results in a $360,000 estimate for the Allowance for doubtful accounts as of May 31, 2020
In a year in which common stocks offered an average return of 18%, Treasury bonds offered 10% and Treasury bills offered 7%, the risk premium for common stocks was:_______
A. 1%.
B. 3%.
C. 8%.
D. 11%.
Explain.
Answers
The following information is available for Something Strange Corporation (assuming all transactions affected cash): Sale of land $100,000 Sale of equipment 50,000 Issuance of common stock 70,000 Purchase of equipment 30,000 Payment of cash dividends 60,000 Net cash provided by investing activities is a. $130,000. b. $120,000. c. $190,000. d. $150,000.
Answers
Answer:
$130,000
because: $100,000 + $60,000 - $30,000 = $130,000
Explanation:
Imagine it's the middle of January, and people are thinking about Valentine's Day. What will happen in the market for fresh flowers? Use supply and demand analysis in your explanation (Hint: What happens to demand and/or supply? What happens to the equilibrium price and equilibrium quantity?)
Answers
Answer:
the price would go up with the demand and the stock drop