The working capital from the balance sheet of New Western Company equals $205,892.
What is the Balance sheet of New Western Company?New Western Company
Balance sheet as of that date
Non current assets
Furniture and Equipment 75,840
Trucks 35,000
Land 50,000
Building 140,000
TOTAL $300,840
Current assets
Debtors (750+400+1,235) 2,385
Bank 1,896
Suppliers 850
TOTAL $5,131
TOTAL ASSET $305,971
Current Liabilites
Creditor (9345+2356+3378) 15,079
Bank loan 10,000
Mortgage payable 75,000
Total $100,079
Working Capital $205,892
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Select a local business that doesn’t seem to be thriving. Develop a set of recommendations for how that business could use technology to build its clientele. If possible, present recommendations to the business owner or manager.
A local business that doesn't seem to be thriving should analyze its planning to identify marketing strategies to create value and attract customers.
How to develop an effective marketing strategy?It is necessary that there is an analysis of the micro and macro environment in which the company is inserted, identifying the needs and desires of consumers, the company's competitive strengths and differentials, to generate value and positioning in the market.
Therefore, it is essential that the company uses the marketing mix and other tools such as SWOT analysis to assist in the strategic direction that will lead it to be successful.
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What's the price of a property would be expected to sell for after suitable exposure to the market, assuming no exceptional factors are influencing the parties' decisions or financing availability
The price of a property would be expected to sell for after suitable exposure to the market is Fair value Price.
What is Fair Value?
The price that must be set to sell the property in the open and competitive market under all the conditions required for the fair sale is called as Fair Value. The Buyer and the Seller assumes the prices is not affected in any circumstances.
The amount that a property should sell for, provided that no unusual circumstances are impacting the parties' judgments or the availability of finance is the Fair Value Price.
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Joyce Kleeper entered into a contract with Elmer Coss to purchase a 50‑acre parcel of land in order to construct a modern planned community. The agreement was formally executed with the understanding that performance was to be contingent upon anticipated zoning changes in the area under consideration. When the zoning changes did not occur, Keeper refused to finalize the purchase. Coss sued to force performance. Can Coss prevail?
Yes, Coss can prevail, this is because even while it was understood that performance would be subject to zoning changes, it wasn't expressly stated in the contract and wasn't a requirement.
What is the legal agreement?A legal agreement is basically a method for the determination that specifies out the roles and obligations of each party to the agreement. The written document becomes enforceable once it has been manually, digitally, or electronically signed.
Thus, This is because even while it was understood that performance would be subject to zoning changes,
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Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $17,100; (2) up to 120 days past due, $6,300; and (3) more than 120 days past due, $3,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 15 percent, and (3) 35 percent, respectively. At the end of the current year, the Allowance for Doubtful Accounts balance is $700 (credit) before the end-of-period adjusting entry is made. Required: What amount should be recorded as Bad Debt Expense for the current year? (Enter your answers as a whole percentage (i.e., 0.12 should be entered as 12).)
Difference between an
Architect and Engineer
Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock climbing gym. today, leon climbs at a different gym where on a weekly basis, it costs him $18 per climb for the first three climbs, $8 per climb for the next three climbs, and $5 per climb for any subsequent climbs that week. the cost of the membership at the new gym is $25 a week, regardless of how many times leon climbs at the gym. the new gym leon is considering would also require a locker rental fee of $8 per climb. leon knows that based on the amount he climbs today (approximately 4x per week), it makes more financial sense to move to the membership, however he wants to understand what might happen if he changes his climbing frequency. when will it no longer make financial sense for leon to move to the membership option?
The correct option is C. If he climbs less than three times a week and more than six times a week that make no longer make financial sense for Leon to move to the membership option.
What is a Membership service?
Assisting Enrollees in comprehending CONTRACTOR policies and practices, facilitating referrals to participating specialists, and assisting in the resolution of issues and member complaints are all examples of what is meant by member services.
The complete question is given in the file attached below
Given,
Calculation of Under non-membership according to correct options
Assume If he climb 8 times in week = 3x18 + 3 x 8 + 2 x 5 =$88
Calculation of Under membership
Assume if he climb 8 times in week = $25 + 8 x 8 =$89
Thus, the difference between membership and non-member is $1.
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which of the following accounts is an equity?
company truck
prepaid advertising
common truck
accounts payable
An account which is an example of an equity is: C. common stock.
What is an equity account?An equity account can be defined as a financial portrayal of ownership interests in a business firm, which may come from the business's earnings or payments made by stockholders and owners such as:
Preferred stockContributed surplusAdditional paid-in capitalRetained earningsTreasury stockCommon stockThis ultimately implies that, common stock is an account which is an example of an equity.
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Agricultural land includes all of the following EXCEPT which?
The land that is least conducive to agriculture is sandy soil. This is further explained below.
What is sandy soil?Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Because of their low clay content, sandy soils are often referred to as "light soils."
In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber.
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Decision Point: Deciding on Your Simple Structure
Julia, who has been with The Ayes Have It from the beginning, approaches as you are packing up your paperwork from the desk in your old office. "The new place is going to be really posh, compared to this," she muses. You nod agreeably. "I guess it will change things between us. Not that things haven't changed already."
You wince as you remember how you dated in college and broke off your engagement last year after you'd accepted her marriage proposal. At the time she was nice about it, but she has never managed to be as kind to you since you started dating her friend.
She says, "I never understood--are we business partners, or am I your employee? What about the others, are they partners or employees?”
You always thought you had a simple structure at your company. In a simple structure, who would report to you?
A. Humberto. He has been marketing the software but also handles some of the accounting functions.
B. Julia. She manages the office temporary workers you've hired and otherwise works on marketing brochures. She also helps with software improvements and customer service.
C. Chin. She has been the official finance/budgeting person, primarily because she handles the banking.
D. Luiz. He has been dubbed "the traveler" for his constant trips overseas to market the software, but as an IT genius he was instrumental in helping develop the software.
The person that would report to you would be B. Julia. She manages the office temporary workers you've hired and otherwise works on marketing brochures. She also helps with software improvements and customer service.
What is a Business Structure?This refers to the hierarchies in place that shows the chain of command for ease of business and access.
Hence, we can see that based on the fact that Julia manages the workers, she is responsible for collecting reports from others and then reporting directly to you.
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Paman has been hired for the past 15 years by a famous millionaire, Roland who lives in Singapore to look after his durian orchard in a village in Pahang. Considering that in recent years, Roland seems to be less inquisitive about any income, profit, and loss regarding the sale of fruits from his orchard, Paman also began to act carelessly with his duties in the orchard. Unbeknownst to Roland, Paman had asked Nomy, a troubled teenager in the village to help him pick up the durians that had fallen during the recent fruit season. Paman thinks Nomy is a young man who deserves help apart from the relatively low wage asked for. Furthermore, Paman is already less able to manage Roland's orchard alone. Apparently, behind Paman's back, Nomy had acted to conspire with Ms. Kam, a middleman from Kuala Lumpur, and to collect durians from the orchard on a large scale at a much lower price than the market in silence. Finally, Paman managed to sniff out Nomy's bad deed and reported it to Roland. In your opinion, can Roland claim any damages from the actions of Paman, Nomy, and Ms. Kam? Describe Roland's rights according to aspects of Agency Law.
Roland as the principal has enforceable rights against the Agent (Paman) and the third party hired by the Agent, according to the Agency Law.
What is the Agency Law?Agency Law provides the legal basis for the relationship existing between the principal and the agent, who is appointed to act on behalf of the principal.
By Agency Law, the Agent is hired to do the principal's work, undertake transactions, and manage the principal's business.
According to the law of agency, if the agent deals with a third party on behalf of the principal, the principal can enforce their rights against both the Agent and the third party.
Thus, Roland as the principal has enforceable rights against the Agent (Paman) and the third party hired by the Agent, according to the Agency Law.
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Assume that at the end of 2017, Crane used $2,460 cash to pay off $2,460 of accounts payable. How would the current ratio and working capital have changed? (
There will be a decrease in the current ratio and no change in working capital when the cash is paid for the accounts payable.
What is current ratio?The current ratio is the ratio analytical tool that determines the position of an organization to fulfill the demands of its short-term capital and fund requirements during the current financial year or period.
The current ratio is negatively affected by the use of cash to pay the liabilities like payables and short term loans. However, there is no such effect on the working capital when cash is used for the same.
Hence, option A holds true regarding the effect on current ratio and the working capital of Crane is aforementioned. The complete question has been attached as an image for better reference.
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the correct decision of decision variable are
The correct definition of decision variable is that it is a quantity that the decision-maker controls.
What is a decision variable?This refers to an economic/physical quantities that usually competes with one another for sharing the given limited resources.
Hence, the term "decision variable" is best defined as a quantity that the decision-maker controls to utilize the resources.
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what is the acronym for the rainbow
Answer:
roygbiv
Explanation:
roygbiv
Answer:
the rainbow symbolizes God’s glory the radiance of his beauty, holiness, and perfection Like the appearance of the bow that is in the cloud on the day of rain, so was the appearance of the brightness all around. Such was the appearance of the likeness of the glory of the Lord.
Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b. interest is the cost of borrowing money. c. interest is the cost of investing poorly. d. interest is the portion of a loan which must be repaid every year. please select the best answer from the choices provided a b c d
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
What is Finance?Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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According to the 2021 “Development Cost Survey” published by HVS International, the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key (guest room). Group of answer choices
It is a true statement that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.
What is a Development costs?This refers to the costs that a business incurs from researching and introducing a new service.
The U.S. Hotel Development Cost Survey 2021-22 shows that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.
Therefore, the statement is a true statement.
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Is It Possible To Be An Exterminator If Your Scared Of Every Known Bug, insect Or Termite Known To Man Kind Like (Ants,Bees,Bed Bugs, Butterflies,Caterpillars Cockroach, Grasshoppers, Mosquitoes,Ladybugs,Spiders,ETC)
Answer:
Well it depends on the person. Are you scared of seeing bugs or scared of even thinking or knowing about them. If you are a truly scared I would suggest not becoming an exterminator.
If its just a general fear of insects you can give the job a try, since most exterminators don't come in direct contact with insects you will rather be spraying or preventing the insects to come in the first place.
Answer:
It may be possible, to over come your fear doing that job. But I would not recommend it because if you are freaking out about bugs all the time, you wont be able to do your job to the full potential and in fact they might hire you in the first place.
Explanation:
A feature of personal selling by salespeople is that it is
A feature of personal selling by salespeople is that it is their development of oral conversation.
What is a Personal selling?This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.
However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.
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which tax reduction is deducted from the amount of tax to be paid?
a.) home mortgage interest
b.) donations to chairty
c.) medical expenses
d.) American opportunity tax credit
Answer:
A
Explanation:
mortgage interest is deductible on a primary home.
The structure of an industry is changed over time by firms both entering and exiting it. For example, when Apple introduced its iPod, it had a monopoly in this product space since no other manufacturers sold any devices like it. But over time, competitors being lured by profit potentials, introduced their own products such that the industry structure for mp3 players changed from being a monopoly into one that became more competitive as more similar products began appearing in the mp3 player product space.
Smartphones have largely displaced stand-alone mp3 players. Describe the effects of this on the mp3 player industry focusing more on how this industry has changed. Include some discussion of Apple's response to the changing industries conditions over time to as far as what they are more-recently.
The effects of the smartphone industry on mp3 players was that decline in the music player industry has been noticed.
What are smartphones?Smartphones are referred to as electronic devices mainly used to communicate with people. Smartphones make the life of an individual easier by providing facilities with one click.
The majority of companies that produce MP3 players have entered the smartphone market due to the decline in mp3 players. A number of businesses well-known for producing electronic products, such as MP3 players, have now changed their attention to producing smartphones.
As the market conditions changed over time, Apple responded in a way that helped it become one of the top brands known for its innovation. Apple focuses on providing outstanding customer value. Apple shifted its attention to the design and the display to increase customer satisfaction.
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Assume that markup is based on selling price. Calculate the cost and selling price.
Dollar markup $4.00
Percent markup on selling price 20.00%
Cost and selling price?
The cost price is $20.
The selling price is $24.
What is the cost price and selling price?When the price of an item is marked up, it means that the price of the item has been increased.
Cost price = dollar mark up / percent dollar mark up
4/0.2 = $29
Selling price = (1.20 x 20) = $24
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Which of the following is an accurate description of Dave Fishwick’s model of ethical banking? Check all that apply.
Banks hiring managers with local roots
Lending decisions made based on personal knowledge of the local situation
Banks attracting as many deposits as possible to purchase financial instruments
Banks linking local savers with small and medium-sized enterprises in need of finance
Description of Dave Fishwick’s model of ethical banking includes-
(a) Lending decisions made based on personal knowledge of the local situation
(c) Banks linking local savers with small and medium-sized enterprises in need of finance.
What are banks?Banks are the financial institutions that help in depositing and withdrawing money. They also help individuals to borrow funds at some interest rate for their investment.
The goal of Fishwick's strategy is to connect local individuals with small and medium-sized businesses in need of financing. It is operated by a local bank manager who bases lending choices on extensive specific experience.
Therefore, options A and C include the ethics which nowadays banks are focused on despite attracting as many deposits as possible to purchase financial instruments.
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Which of the following is an example of investing activity
The sentence that is an example of investing activity is option A. Prepayment of a contract. Hence, the correct answer is option A. Read below about investing activity.
What is an investing activity?Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets. Negative cash flow from investing activities might not be a bad sign if management is investing in the long-term health of the company.
Therefore, the correct answer is as given above
The complete question goes thus:
Which of the following is an example of an investing activity?
A. Prepayment of a contract
B. Purchase of machinery
C. Repayment of long term debt
D. Issuance of shares
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___, in the trait approach to leadership, is the correspondence between actions and words.
In the trait approach to leadership, is the correspondence between actions and words is called expectancy.
What is trait approach to leadership?The trait theory of leadership holds that leaders are born with specific traits. In other words, leaders have attributes that can be passed down through generations. Early studies introduced that this philosophy of leadership innately dwells within specific persons.
The trait theory of leadership focuses on the leader and the characteristics he demonstrates. Certain characteristics make leaders more effective. Steve Jobs, for example, was well-known for his charisma. People wanted to follow him because of his ability to passionately communicate his visions.
Therefore, expectancy in the trait approach to leadership, is the correspondence between actions and words.
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Mrs. Tanner is enrolled in a Medicare Advantage HMO that offers a point of service option. This allows Mrs. Tanner to do which of the following?
Mrs. Tanner is enrolled in a Medicare Advantage HMO that offers a point of service option. If Mrs. Tanner needs particular medical care, she may see a doctor outside of her insurance plan without having to get prior clearance. This is further explained below.
What is Medicare Advantage HMO?Generally, Healthcare costs for visits to physicians and other medical professionals are covered under Medicare Advantage HMO plans.
In conclusion, Mrs. Tanner has a point-of-service option via her Medicare Advantage HMO. Mrs. Tanner is allowed to visit a doctor outside of her insurance network if she has a special medical need.
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Where would 'accounts payable' most likely appear in a set of financial statements
Accounts payable would appear on the debit portion in a set of financial statements.
What is accounts payable?This refers to money that one owe to vendors and suppliers. It is the money not owned because it will be repaid later.
Accounts payable is a liability since it is money owed to creditors and is listed under current liabilities on the balance sheet.
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Some of the local licensed stockbrokers offer investors the opportunity to invest in
international equities. In an effort to have a diversified portfolio, you are considering investing
in a few stocks that are traded in the United States. You have chosen Pepsico, a company you
are familiar with. The company has both common and preference shares.
Required:
i. Common shares: Pepsico is expected to pay dividends over the next four years as
follows:
Year 1 $1.50
Year 2 $1.50
Year 3 $1.25
Year 4 $1.25
Thereafter, the company is expected to increase dividends by an annual rate of 2%.
If your required return on these shares is 9%. How much would you be willing to pay for
a share of this stock today? 10 Marks
ii. Preference shares: The Company’s preference shares pay an annual dividend of $1.50.
With preference shares being slightly less risky than common shares, your required return
is 8%. How much would you be willing to pay for a share of this stock today?
3 Marks
Currently, $17.39 is the price that investors are willing to pay for a share of this stock. Currently, $18.75 is the price that investors are prepared to pay for a share of this stock.
What is preference shares?
Shares with the ability to receive dividends announced by the firm before equity shareholders are referred to as preference shares, or preferred shares. A security with a fixed income is preferred shares.
Annual rate after year 4(g) =2%
required rate (r) = 9%
Terminal value = Dividend year 4 × (1 + g) / (r—g)
1.25000 × 1 + 0.02/0.09 – 0.02
= 18.21429
(i) D1/(1+r) + [tex]D1/(1+r)^{2}[/tex] + [tex]D1/(1+r)^{3}[/tex][tex]D1/(1+r)^{4}[/tex] + terminal value/[tex](1+r)^{4}[/tex]
1.50/(1+9%) + 1.50/[tex](1 + 0.09)^{2}[/tex] + 1.25/[tex](1+0.09)^{3}[/tex] + 1.25/[tex](1+0.09)^{4}[/tex] + 18.21429/ [tex](1+0.09)^{4}[/tex]
= 17.39289
(ii) Annual dividend/r
1.50/8%
=18.75
Hence, the significance of the preference shares is aforementioned.
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1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sheet for each company.
There are three main parts of income statements and they are:
RevenueExpensesProfitWhat is an Income Statement?This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.
Hence, we can see that a sample income statement would be:
BOSKA COMPANY
Income statement for August 29, 2021
NET SALES------------------ $2,000,000
GROSS SALES-------------$500,000
GROSS PROFIT-------------$1,5000,000
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"Spin" boils down to outright lying in order to cover up what actually happened in a situation.
O True
O False
Answer:True
Explanation:
Which of the following is true about Needs Met ratings? Select all that apply.
Answer:
you should always assign the Needs met rating before assigning the page quality rating.
In alphabetical order below are balance sheet items for Karol Company at December 31, 2022.
Some contents of a balance sheet are:
Accounts payableAccounts receivableCashCommon stockRetained earnings, etc.What is a Balance Sheet?This refers to the financial statements that make a report on a company's assets and liabilities and their shareholder equity.
The uses of a balance sheet are:
To explain the financial position of a company at a particular timeTo evaluate a businessTo identify possible issuance of dividends.Please note that your question is incomplete so I gave you a general overview of what a balance sheet is, its contents and other relevant information.
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