The total sales dollars to be reported on the sales budget for the month ended June 30 would be $27,973.42.
How to calculate sales budget?How to calculate sales budget? Sales budget is one of the significant budgets that predicts the sales volume and sales revenue that the business organization will likely achieve for a given period. Sales budget primarily acts as a tool that enables the company to plan its production, operations, and marketing.
In calculating the sales budget, the following formulas are used; Units to be sold = (Previous month's sales * increase %) + Previous month's sales total Sales Revenue = Units to be sold * Price per unit given that Zhang Industries sells a product for $780. Unit sales for May were 600, and each month's sales are expected to exceed the previous month's results by 4%.To calculate the sales budget for June, we will use the formula above; Units to be sold = (600 * 4%) + 600= 624 units total Sales Revenue = 624 * 780= $486,720Total sales dollars to be reported on the sales budget for the month ended June 30 would be $27,973.42.
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Outline TWO benefits of using the FIFO system for Mcdonald’s
There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
What is FIFO?
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
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What is the drawback of carrying more inventory than is needed?
A. Customers can have a difficult time choosing between all the
product options
B. Purchasing large amounts of goods usually results in a lower price
per good.
C. Too many resources can be tied up in the inventory.
D. Suppliers do not like to receive extremely large orders for
inventory
Answer:
C. Too many resources can be tied up in the inventory.
Explanation:
Hope this helps!
Too many resources can be tied up in the inventory is the drawback of carrying more inventory than is needed. The correct option is C.
What are the uses of inventory?The state of the goods is also examined during an inventory count. Inventory counts are useful for determining assets and liabilities in accounting. Inventory managers frequently utilize this data to estimate future stock requirements and oversee budgets. Inventory counts let you identify which stocks are selling well.
Poor quality products and degradation may result from an excess of inventory. It's likely that you have low inventory turnover, which implies you're not regularly turning all of your products if you have high volumes of excess stock. Unfortunately, unsold inventory that is stored in warehouses may start to deteriorate and expire.
Thus, the correct option is C.
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the average adult is exposed to about 3,500 pieces of advertising information every single day, far more information than they can or are willing to process. consumers who are exposed to more information than they can process are in a state of . question 2 options: a) circuit overcapacity b) sensory shifting c) advertising bombardment d) sensory overload
Consumers who are exposed to more information than they can process are in a state of sensory overload
The condition of having too many sights, sounds, and smells to process at once is referred to as sensory overload. It may be uncomfortable, confusing, and challenging to digest information as a result. Additionally, it may be a sign of some neurological disorders like autism spectrum disorder (ASD) or sensory processing disorder (SPD).
The normal adult is exposed to a lot of advertising and other types of information on a daily basis, it is true. As a result, people may experience sensory overload and find it difficult to understand or remember all of the information they are exposed to. This may cause customers to become banner blind when they begin to tune out or disregard commercial communications.
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What if this website was a dating and show yourself and butt app/website?
Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answer:
Ability to work well with a project team
Explanation:
Which statement is correct? Multiple Choice For discount bonds: YTM < Current yield > Coupon rate For premium bonds: Coupon rate < Current yield < YTM For premium bonds: Coupon rate > Current yield > YTM For premium bonds: Coupon rate > Current yield = YTM For par bonds: Coupon rate = Current yleld > YTM
The correct statement is that for premium bonds, the coupon rate is greater than the current yield, which in turn is greater than the yield to maturity (YTM).The coupon rate is the interest rate paid on the bond by the bond issuer to the bondholders for the duration of the bond's life.
It is a percentage of the bond's face value and is typically fixed for the duration of the bond's life.Current yield, on the other hand, is the yield received by the bondholder annually on their investment in the bond, calculated by dividing the annual interest by the market price of the bond. It is the yield that an investor can expect to receive if they purchase the bond at its current market price.YTM (yield to maturity) is the anticipated rate of return that an investor can expect to earn if they hold a bond until it matures.
It includes the coupon payments as well as the price of the bond at maturity.For discount bonds:YTM > Current yield > Coupon rateFor premium bonds:Coupon rate > Current yield > YTMFor par bonds:Coupon rate = Current yield = YTMTherefore, for premium bonds, the coupon rate is greater than the current yield, which in turn is greater than the yield to maturity (YTM).
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when the supply of coffee decreases and the demand for coffee increases simultaneously, the price of coffee will:a. fallb. either rise or fallc. rised. fall initially and then rise as demand increases to meet the increased supply
When the supply of coffee decreases and the demand for coffee increases simultaneously, the price of coffee will either rise or fall.
B is correct option.
Two fundamental principles of economics are the law of supply and the law of demand. These two laws explain how supply and demand are affected by price shifts in terms of quantity.The law of demand states that, while other factors remain constant, a product's price increase will result in a decrease in the quantity demanded for the good. As a result, a rise in coffee's price will result in a drop in coffee consumption. Be aware that variables other than coffee price, like income and preferences, can only have an impact on demand for coffee.One such category of products includes tea and coffee. Decreased desire for coffee follows an increase in price for coffee. Therefore, if coffee's price doesn't go down, customers who previously drank coffee will switch to tea. It follows that the market for tea will now likely rise.
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Providing jobs for local people helps keep the community employment rate stable and strengthens the local economy.
A)true
B)False
TRUEEEEE!!
Explanation: Narrowly defined, employability is a product consisting of a specific set of skills such as soft, hard, technical, and transferable. Additionally, employability is considered as both a product (a set of skills that "enables") and as a process that "empowers" an individual to acquire and improve marketable skills that can lead to gainful employment.
Answer:
A)true
Explanation:
why do business need funding
The 5s technique is used on the tarmac at Alaska Airlines to
A. arrange baggage as it is moved to the plane.
B. mark location of ground equipment.
C. organize the galley.
D. position ground staff.
The 5s technique is used on the tarmac at Alaska Airlines to mark the location of ground equipment. The correct option is B.
What is the 5S motto?The emphasis is on "Safety First" in all of the other 5S steps. Many businesses have implemented 5S in all aspects of their operations. When 5S is implemented as part of a larger Lean initiative within an organization, the greatest benefits are usually realized.
The fourth of the 5S's is standardization, which involves putting systems in place to ensure that everyone does things the same way. The sorting methodology should be standardized, as should the approach to Set in Order, and Shine in particular.
Thus, the ideal selection is option B.
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what are two reasons why countries should remain focused on opening markets? (check all that apply.)
There are several reasons why countries should remain focused on opening markets. The following are two reasons why countries should remain focused on opening markets. The reasons are discussed below: Increase in competition and Opening up of markets leads to an increase in competition.
In a competitive environment, companies are forced to produce quality goods and services at reasonable prices. This leads to better quality products and services at a lower cost to consumers. A country that opens its markets to foreign competitors will benefit from the transfer of knowledge, skills, and technology.
This will allow the country to increase its efficiency and productivity.Growth of the economyOpening up markets creates opportunities for trade, investment, and economic growth. The growth of the economy can lead to an increase in tax revenue, which can be used to fund social programs such as healthcare, education, and infrastructure. Hence, opening up markets is beneficial for a country's economy.
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Which of these would be most likely to be included in CPI
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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estion 1/5
Which of the following is NOT a benefit of using a
budget?
A budget can help you make plans to reach your
financial goals.
A budget can help you decide the importance of
your expenses.
A budget can help you purchase anything you want.
A budget can help you keep track of your money.
Answer:
Prepare a detailed business for financial viability study
Which of the following is addressed by the USMCA? Select the two correct answers. (1 point)
O border removal
O common currency
O intellectual property rights
O agricultural trade
Ofree travel of labor
The issues addressed by USMCA are
agricultural tradecommon currencyWhat is USMCA?United state mexico Canada agreement was a legal agreement that was signed on November 30th 2018 between by United State, mexico and canada that support businesses, farmers, ranchers and some high paying jobs.
Therefore, The issues addressed by USMCA are
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Assume you currently earn a salary of $50,000 per year. what will be your annual salary 17 years from now if you receive annual raises of 3.75 percent?
The annual salary in 17 years will be $93,490.57.
What will be the annual salary?If salary increases every year, this is a compound growth with annual compounding. When there is a compound growth, it means that income increases at an exponential rate. Salary would increase at an exponential rate of 3.75% every year.
It is important that salary's growth rate is higher than the inflation rate. This would ensure that the purchasing power of the person's salary is maintained.
The formula for calculating future value with annual compounding is:
FV = P (1 + r)^n
Where:
FV = Future value P = Present value R = interest rate N = number of years$50,000 x (1 + 0.0375)^17
$50,000 x (1.0375^17) = $93,490.57
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The table below shows the market for credit cards at various interest rates in millions of dollars. What is the equilibrium interest rate? Interest Rate Quantity Supplied Quantity Demanded 9.5% 195 240 10.0% 200 230 10.5% 205 220 11.0% 210 210 11.5% 215 200 12.0% 220 190 11.5
In several crucial ways, our study varies from Karlan and Zinman's. Instead of starting with a fresh term, we first investigate how sensitive credit card debt is to interest rates.
What happens if the credit card industry sets a maximum interest rate that is higher than the equilibrium interest rate?The market for credit cards won't be affected if the government imposes an interest rate cap that is higher than the equilibrium.
What is the interest rate at equilibrium?The short-term real interest rate that, over the long term, is consistent with total output at its potential and stable inflation is known as the equilibrium real interest rate (r). This idea is brought up in a variety of policy conversations.
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Car crashes in the United States result in high costs. In what areas do these high costs occur?
Select the 2 answer options that apply.
Money
Work time
Human lives
Sleep
Answer:
human lives and money i took that quic
name two responsibilities of an event marketer working in public relations.
The two responsibilities of an event marketer working in public relations are writing news releases and scheduling interviews.
Event marketing is regarded as a component of content marketing and experiential marketing. Corporate storytelling is followed by experiential marketing, which seeks to further involve the audience. A brand's message and interactive elements are combined in experiential marketing in a straightforward manner. An event marketer in a real-world setting will promote the desired result.
A press release is an official statement that is distributed to members of the news media with the intention of disseminating information, forming an official position, or announcing something that will be made public.
A way to gather information for a statistical survey is through structured interviews. Instead of using a self-administered questionnaire, an interviewer is used to get the data in this instance. The questions are spoken aloud by interviewers verbatim from the survey questionnaire.
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Buying something in order to increase social status is known as ______consumption.
Answer:
conspicuous consumption
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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c) It seems clear that the future is likely to involve more technology, not less, so that engineers will face demands for Innovation and Invention design of technical systems of unprecedented complexity. Distinguish between Innovation and Invention as applied to technological Design.
Innovation involves improving existing technology through new ideas and methods, while invention is the creation of entirely new technology or systems. Both are crucial for engineers in the face of increasing technological complexity.
In the context of technological design, innovation and invention play distinct roles. Innovation involves improving upon existing technology by introducing new features, enhancing functionality, or finding more efficient ways of achieving a goal. It focuses on incremental advancements and refinements to existing systems. Engineers involved in innovation work with the foundation already in place and seek to optimize it further. For example, a smartphone company may innovate by introducing a faster processor or a more advanced camera system.
On the other hand, invention involves the creation of entirely new technology or systems. It represents a breakthrough moment when something groundbreaking and unprecedented is brought into existence. Invention often requires a high level of creativity and a deep understanding of scientific principles. Engineers involved in invention push the boundaries of what is currently known and strive to develop revolutionary concepts. For instance, the invention of the internet or the development of electric vehicles are examples of major technological breakthroughs.
In summary, innovation focuses on improving and refining existing technology, while invention involves the creation of entirely new technology or systems. Both processes are crucial for engineers in the face of increasing technological complexity, as they provide avenues for progress, advancement, and meeting the demands of the future.
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What do you think it means that your money is FDIC/NCUA insured up to $250,000
I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
What is the banking requirement?The insurance of deposit is necessary to prevent to banks from huge liability incase they lose their customer's deposit because of theft, fraud etc
In conclusion, I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
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3. Considered the back office", Involves behind the scenes paperwork
required to complete all transactions. Found in both the service and the
manufacturing sector *
Answer:
The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
Explanation:
a person received 4% nominal interest. the inflation rate was -2% and the tax rate was 25%. this person received an after-tax real interest rate of 5%.
A. True
B. False
The given statement "a person received 4% nominal interest. the inflation rate was -2% and the tax rate was 25%. this person received an after-tax real interest rate of 5%" is false.
To calculate the after-tax real interest rate, we need to adjust the nominal interest rate for inflation and taxes.
First, we adjust the nominal interest rate for inflation by adding the inflation rate to the nominal interest rate:
Nominal interest rate + Inflation rate = Real interest rate
4% + (-2%) = 2%
So the real interest rate before taxes is 2%.
Next, we adjust the real interest rate for taxes by multiplying it by (1 - tax rate):
Real interest rate x (1 - tax rate) = After-tax real interest rate
2% x (1 - 0.25) = 1.5%
Therefore, the after-tax real interest rate is 1.5%, not 5%.
Inflation can erode the purchasing power of your savings over time, so it's important to consider inflation when evaluating investment returns. Additionally, taxes can also impact your returns, so it's important to factor in the tax implications of your investments as well.
Thus, the given statement is false.
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Malaki ran 9,656 meters on Monday and 4,687 meters on Tuesday. How many more meters did she run on Monday than on Tuesday?
Answer: 4969 meters
Explanation: Here's what you do: 9,656 - 4,687 = 4969
Answer: 4969 meters
Explanation:
The petty cash fund has a current balance of $ 350, which is the established fund balance. Based on activity in the fund, it is determined that the balance needs to be changed to $ 450. Which journal entry is needed to make this change?
Answer:
Debit the petty cash account and credit the cash account with $100
Explanation:
Businesses sets aside small amount of money(cash) to cover recurring expenses such as postage stamp, delivery charges, fares etc. This is usually done through the setting up of petty cash fund. The purpose of petty cash fund is to make provision for re-imbursement of minor expenses where there are no alternatives.
With regards to the above, the journal entries would be Debit petty cash account and Credit cash account with $100.
Answer:
Debit Petty Cash, credit cash for $100
Explanation:
To increase the petty cash fund, you must increase its normal balance which is a debit.
you are actually cashing a check for $100 (hence, credit to cash account) and actually putting more cash into your petty cash account.
a truss above, a home builder in the united states, secures products such as roofing shingles, cabinets, and plumbing materials from a variety of domestic and international suppliers. ________ is the practice of using outside suppliers to help the contractor build homes.
Outsourcing is the practice of using outside suppliers to help the contractor build homes.
Outsourcing was first used as a business strategy in 1989. Outsourcing is the practice which involves hiring of an outside company to perform services or create goods that is supposed to be performed by the in-house company's employees.
Outsourcing is usually practiced because it reduces cost.
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What ways can you improve a company?
If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the investment be worth in 12 years? use the compound interest formula a equals p times the quantity 1 plus r divided by n end quantity raised to the power of n times t.. $145.23 $358.69 $613.04 $618.41
$613.04 will the investment be worth in 12 years.
What is investment?The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.
Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.
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Answer:
C.613.04
Explanation:
I took the math exam