The idea of Recognizing Assets and Liabilities serves as the foundation for the process of calculating periodic deferred tax expenditure, according to FASB Statement No. 109, Accounting for Income Taxes.
The objectives, qualitative traits, and other concepts that guide the selection of economic phenomena to be recognized and measured for financial reporting and their presentation in financial statements or related means of communicating information to those who are interested are set forth in the FASB Statements with the intention of serving the public interest. The Board and its constituents can grasp the appropriate substance and inherent constraints of financial reporting thanks to concept statements, which also direct the Board in the development of good accounting standards. There are no generally recognized accounting principles established by a Statement of Financial Accounting Concepts.
learn more about FASB Statements here:
https://brainly.com/question/14439989
#SPJ4
When required, the information provided to the data subject in a HIPAA disclosure accounting ...
must be more detailed for disclosures that involve fewer than 50 subject records.
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.
Access to, distribution of, or communication to parties with no authority is referred to as disclosure in the context of disclosure accounting (outside of TPO or an existing Business Associate Agreement (BAA), which is classified under healthcare operations).
A covered entity must provide specific information in its HIPAA accounting in accordance with the HIPAA Privacy Rule. Protected health information disclosures that took place in the six years prior to the accounting request date must be included in this data. Disclosures made to or made by business partners of the covered entity must be included in the accounting.
To learn more about HIPAA disclosure accounting refer here:
https://brainly.com/question/3903183
#SPJ4
For his marketing class, Paul is comparing the effectiveness of the macro-marketing systems of the United States and Saudi Arabia. He is finding this a challenging assignment. Paul must understand it is difficult to compare the effectiveness of systems for different nations that have different _____.objectives
An interdisciplinary field called macro-marketing investigates marketing as a societal provisioning tool. The emphasis is on the relationships between marketing and society,
covering issues such marketing systems, general consumer behavior, market regulation, social responsibility, fairness and ethics in markets, and sustainable marketing. In contrast, "micro-marketing" focuses on how businesses choose what to produce, how to advertise it, and how much to charge for it. [1] The tragedy of the commons, subliminal messaging, market symbolism, and environmental sustainability are a few of the important subjects. The core of macromarketing theory is the idea of "marketing systems."
learn more about macro-marketing here:
https://brainly.com/question/28543639
#SPJ4
hich of the following pricing techniques is most appropriate when developing targeting strategies based on the 80/20 rule observed in few industries?
Pricing techniques are most appropriate when developing 80% of your sales volume is generated by 20% of your customers. 80% of your revenues are generated by 20% of your products. 80% of your complaints come from 20% of your customers.
Developing hell, developer purgatory, and developer limbo are media and software industry jargon for a project, concept, or idea that remains in development for a particularly long time, often moving between different crews, scripts, game engines, or studios before progressing to production, if at all sometimes it will. Projects in development hell generally have very ambitious goals that may or may not be underestimated at the design stage, and are delayed in trying to meet those goals to a high degree. Production hell refers to when a film has entered production but remained in that state for a long period of time without progressing to shipment.
The term can also generally refer to any project that unexpectedly floundered in the planning or construction stages rather than being completed on time or otherwise deviating from the original on-time expected completion date for the customer.
Learn more about developing here
https://brainly.com/question/17019717
#SPJ4
lonney attends a company picnic. although most of the people in his company are older and come from different backgrounds, he feels it is important to go since they all work together. lonney is acknowledging which of the following aspects of building social capital?
Looney attends a company picnic. Although most of the people in his company are older and come from different backgrounds, he feels it is important to go since they all work together. Building social capital involves building bridges.
Social capital refers to the network of relationships and acquaintances that a person has developed over their life. Building social capital involves building bridges between people, creating new relationships beyond current social circles, and deepening existing relationships.
Attending company picnics or other social events can be a way to build social capital by creating opportunities for bonding and bridging. Bonding involves strengthening the social relationships you already have, while bridging involves creating new relationships beyond your current social circle.
As a result, the significance of the building of social capital are the aforementioned.
Learn more about on social capital, here:
https://brainly.com/question/32890313
#SPJ12
Which of the following are components used in the construction of the WACC?
Price of debt favored stock price The components needed to build the WACC are as follows: cost of ordinary stock
How is WACC calculated? What is WACC?The overall rate of return a business is anticipated to provide to all of its shareholders, encompassing debt holders, equity investors, and preferred equity investors, is known as the weighting average price of capital (WACC). WACC Formula equals [Cost of Equity*% of Equity] plus [Cost of Debt*% of Debt*(1-Tax Rate)]
Why is WACC used? What is it?The loaded average price of capacity (WACC) is a crucial financial principle that is frequently applied in the financial industry to determine if a profit on investment can be more than or equal to the cost of committed capital (equity plus debt) for a certain asset, project, or business.
To know more about WACC visit:
https://brainly.com/question/29544993
#SPJ4
2.5 points time remaining 29 minutes 51 seconds00:29:51 item 1 time remaining 29 minutes 51 seconds00:29:51 the work of internal auditors is primarily for the benefit of shareholders and potential investors.
True, the work of internal auditors is primarily for the benefit of shareholders and potential investors.
The initial internal auditors were mostly focused on accounting and financial operations. Internal auditing has been more popular after the adoption of the Foreign Corrupt Practices Act. By applying a methodical, disciplined approach to assess and enhance the efficacy of risk management, control, and governance procedures, internal auditing aids a business in achieving its goals. An internal audit's responsibility is to guarantee the efficiency of a company's risk management, governance, and internal control systems.
Learn more about internal audit's here:
https://brainly.com/question/28236001
#SPJ4
an error that overstates the ending inventory will also cause net income for the period to be overstated.
An error that overstates the ending inventory will also cause net income for the period to be overstated. [FALSE]
Inventory definitionInventories are asset items owned by companies for sale in normal business operations, or goods that will be used or consumed in making goods that will be sold. Furthermore, Inventory itself is a company asset that occupies a fairly important position in a company, be it a trading company or an industrial (manufacturing) company, especially companies engaged in construction, almost 50% of company funds will be embedded in inventories, namely for buy building materials.
Trading company inventoryInventories are goods purchased by the company with the aim of reselling without changing the shape and quality of the goods, or it can be said that there is no production process since the goods are purchased until they are resold by the company.
Inventory of industrial companies (manufacturing)
The definition of inventories for industrial companies are goods or materials purchased by companies with the aim of further processing them into finished or semi-finished goods or may become raw materials for other companies, this depends on the type and main business process of the company.
For example: An industrial company that demands cotton, its raw material is cotton from farmers or plantations, it is processed into yarn, yarn is a finished product for it. Meanwhile, the raw materials for cloth industry companies are threads that are processed into cloth as finished goods, and apparel industry companies need cloth raw materials and so on.
Learn more about inventory at https://brainly.com/question/22405843.
#SPJ4
__________ models seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
a. Product mix b. Process selection c. Linear optimization d. Linear regression
Option a is correct. Product mix models seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
The total number of product lines and distinct goods or services that a business offers is its product mix. Alternatively known as product portfolio or product assortment. Product combinations differ amongst businesses. Some companies have numerous product lines, each with a large number of products. But some people have even more restrictions.
Four main product mix strategies are as follows:
Expansion: A business adds more product lines or product depth (i.e., varieties) inside lines.
Contraction: A business reduces the variety of its products to get rid of underperforming ones or to streamline the remaining ones.
Change an Existing Product: A business makes improvements to an existing product rather than developing a brand-new one.
Product differentiation: A business positions a product differently without changing it in any manner.
Know more about product mix here:
https://brainly.com/question/22852400
#SPJ4
raynor company has the following data: direct labor $76,000 direct materials used 84,000 total manufacturing overhead 65,000 ending work in process 30,000 beginning work in process 45,000 compute total manufacturing costs. total manufacturing costs $enter total manufacturing costs in dollars compute cost of goods manufactured. cost of goods manufactured $enter cost of goods manufactured in dollars
The total manufacturing costs of the Raynor company is $205,000.
Raynor Company
The Cost of Goods Manufactured Statement
Direct labor $76,000
The direct materials used $84,000
Total manufacturing overhead $60,000
Total manufacturing costs $220,000
Add Beginning work in process $30,000
Less Ending work in process $45,000
The cost of goods manufactured. $205,000
However, here the cost of goods manufactured tend to give an estimate of the costs which is incurred in a given period. So, it includes total manufacturing costs and also the beginning work in process.
Hence, the total manufacturing costs of the Raynor company is considered to be $205,000.
To learn more about the manufacturing costs here:
https://brainly.com/question/15702352
#SPJ4
elegant dogs and dazzling dogs are competing canine grooming salons. each company currently serves 4,500 customers per year. both companies charge $35 to groom a dog. elegant dogs pays its dog groomers fixed salaries. salary expense totals $45,000 per year. dazzling dogs pays its groomers $10 per dog groomed. elegant dogs lures 2,000 customers from dazzling dogs. which of the following is true?
Elegant Dogs will experience an increase in profit after luring 2,000 customers from Dazzling Dogs.
This is because they are paying their dog groomers fixed salaries, which total $45,000 per year, whereas Dazzling Dogs pays its groomers $10 per dog groomed. With 2,000 more customers, Elegant Dogs will make an additional $70,000 in revenue ($35 x 2,000), which will more than cover the cost of their groomers' salaries.
Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold.
To know more about profit here
https://brainly.com/question/26606785
#SPJ4
you dopsoit 1000 in an accound with an annuial intrest rate of change compouinded montyh at the end of 4 years the balance is______
You deposit $1,000 in an account with an annual interest rate of 4% compounded monthly, at the end of 4 years the balance is $1,173.20
A compound interest in banking term is defined as an interest rate of a deposit that is paid based on the calculation of the interest to the initial principal plus the accumulation of the interest from the previous period.
Given that you have a principal of $1,000 deposited for 4 years in a savings account, with a compounded monthly annual interest of 4% or in decimal terms 4/100=0.04, we will then be able to calculate the accrued amount of principal + interest with the following formula:
A = Accrued amount (principal + interest)
P = Principal amount
r = Annual interest in decimal
n = number of compounding periods per unit of time
t = time years
[tex]A = P(1 + r/n)^{nt}[/tex]
A = 1,000.00(1 + 0.04/12)⁽¹²⁾⁽⁴⁾
A = 1,000.00(1 + 0.0033333333333333)⁽⁴⁸⁾
A = $1,173.20
Therefore your total accrued amount at the end of year 4 will be $1,173.20
To learn more about compound interest visit: https://brainly.com/question/28020457
#SPJ4
Your question seems incomplete, but I assume the question was
"You deposit $1,000 in an account with an annual interest rate compounded monthly, at the end of 4 years the balance is______"
An investor purchases zero-coupon bonds issued by the U.S. Treasury due to mature in 18 years at $100,000. Which of the following might describe the primary reason for selecting that investment vehicle?1. The investor is 65 years old and needs the reliability of current income.2. The investor is 45 years old and has purchased these in an IRA rollover account and wants the assurance of funds for retirement.3. The investor is 30 years old and has a newborn child and wishes to assure funds for a college education.4. The investor is 20 years old, has just received an inheritance, and wishes to shelter income for as long as possible.
The investor is 45 years old and has purchased them in an IRA rollover account and wants assurance of funds for retirement might describe primary reason for selecting that investment vehicle.
What is an Investment Vehicle?An investment vehicle is a thing that investors buy to make money off of it. A low-risk investment vehicle would be a bond or a certificate of deposit (CD), whereas a high-risk investment vehicle would be one that deals in stocks, options, or futures. Additional investment vehicles include annuities, exchange-traded funds, mutual funds, and collectibles like artwork or coins (ETFs). Investment vehicles are any channels via which individuals or institutions can make bets and, hopefully, watch their capital grow. Given the wide variety of investment vehicles available, many investors choose to incorporate at least a few distinct varieties of each in their portfolios. Because they frequently yield superior long-term profits, diversifying an investing portfolio lowers risk.
To learn more about Investment Vehicle, visit:
https://brainly.com/question/29896244
#SPJ4
Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is $700,000. The lease is a finance lease. Prepare the journal entry that the lessee should make to record this transaction.
Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is given $700,000.
The journal entry for the following data will be given:
Dr- right-of-use asset | $700,000 (debit side)
Cr- lease liability | $700,000 (credit side)
When engaging in the finance lease, the business would have to account for both the lease debt and the lease as an asset (right-of-use asset) (present value of lease obligations owed to the lessor).
As a result, $700,000 would be deducted from the right-of-use asset and charged to the lease liabilities.
A journal entry is an act of recording any transaction, whether it is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Learn more about journal entry here brainly.com/question/15889958
#SPJ4
Penelope wants to open a chain of Yoga studios but does not have the funds to do so. Penelope has not had any luck attracting large investors, so her friend suggests she try crowdfunding. Crowdfunding is a cooperative activity in which people network and pool funds and other resources via the Internet to assist a cause or invest in a venture. Penelope may raise money for her Yoga studios venture by crowdfunding as long as:
A. she does not prohibit the resale of the security.
B. she provides detailed offering information in all outside advertising.
C. sales of securities are no more than $1 million in any 12-month period.
D. she sells the funds on at least seven online sites.
Penelope is allowed to use crowdfunding to raise money for their yoga studio business as long as the total value of the securities sold in a given year doesn't exceed $1 million.
So, here in this statement Option C. Is the correct answer.
Crowdfunding is a way for businesses and ventures to raise funds. It enables fundraisers to use online platforms to gather funding from a significant number of donors. Crowdfunding is a popular way for growing businesses and startup companies to get alternative cash.
Through investing crowdsourcing, a company can raise money by asking a lot of supporters to make small contributions per investor. In return, backers receive ownership stakes in the company.
Thus, Option C. is the appropriate choice for this question.
Visit here to learn more about crowdfunding: brainly.com/question/17618504
#SPJ4
compared to banks, finance companies borrow in [ larger / smaller ] amounts and lend in [ larger / smaller ] amounts
In comparison to banks, finance companies borrow in larger amounts and lend in smaller amounts.
This is because finance companies typically specialize in providing smaller loans to consumers, while banks focus on providing larger loans to businesses.
When it comes to borrowing, finance companies will usually be able to provide larger loans to consumers due to their specialized services and their access to a larger pool of funds. These funds typically come from banks, government sources, and private investors.
When it comes to lending, finance companies tend to focus on providing smaller loans to consumers. This is because they are typically more specialized in their services and are more likely to lend to those with poor credit histories or limited income. As such, finance companies tend to lend in smaller amounts than banks, as they are more likely to take on more risk when lending.
Overall, finance companies can provide larger loans to consumers when it comes to borrowing, and tend to lend in smaller amounts when it comes to lending. This makes finance companies an attractive option for those looking for larger loans, or those with poor credit histories or limited income.
Learn more about finance companies:
brainly.com/question/1600611
#SPJ4
which of the following are keys to managing your career readiness successfully? (choose every correct answer.)
Keys include adhering to a procedure and process assuming control of your career management and engaging in personal contemplation, inspiration, devotion, and experimentation.
What are some management synonyms?Manage has a number of popular synonyms, including handle, control, and direct. Manage indicates direct dealing and influencing or maneuvering more towards a desired end, even if all of these terms have the same meaning of "to use the other's powers to lead, steer, or control."
What does leadership manage?Controlling a team or a collection of entities in order to achieve a goal is what management entails. The capacity to persuade, inspire, and empower others to contributing to the success of an organization is referred to as leadership. Influence and motivation, as opposed to control and control separate leaders from managers.
To know more about Management visit :
https://brainly.com/question/29023210
#SPJ4
Which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams? Select one: o a. Sequence flows. o b. Swimlanes. o c. Gateways. o d. Events.
Swimlanes is not a building block for Business Process Modeling Notation (BPMN) diagrams. So the option b is correct.
In the given question, we have to select which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams.
A planned business process's steps are depicted using flowcharts using the Business Process Modeling Notation (BPMN) approach. It visually illustrates a thorough sequence of business operations and information flows required to complete a process, making it a crucial component in business process management.
Swimlanes is not a building block for Business Process Modeling Notation (BPMN) diagrams.
The building block for Business Process Modeling Notation (BPMN) diagrams include Gateways, Events, Activity, Sequence flows.
To learn more about Business Process Modeling Notation link is here
brainly.com/question/28366110
#SPJ4
a municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain
A municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain license and permit bonds.
A municipality is often a single administrative subdivision with corporate status and the authority to govern itself under local, state, and federal laws. The governing body of a particular municipality may also be referred to as a municipality. A municipality, as opposed to a district, is a general-purpose administrative subdivision.
The Latin term municipium, which refers to the Latin villages that supplied Rome with soldiers in exchange for their own admission into the Roman state while allowing the communities to keep their own local administrations, is where the English word municipality originates.
The region that a municipality has control over may include
To know more about Municipality here-
https://brainly.com/question/19906187
#SPJ4
efficient communication is attributable to the sender, while effective communication is assessed by the receiver. t/f
It is true that effective communication is judged by the recipient. The effectiveness of communication depends on the receiver among other factors.
What is Efficient and Effective Communication?Efficient communication may or may not be effective, but its hallmark is its brevity (concise and exact use of words). It should be time-limited, clear, and focused. Gets the message in the shortest time possible. Efficient communication is more likely to be effective when there is a pre-established mutual understanding between the creator of the message and the recipient.
Effective communication may not be brief. For communication to be effective, the receiver must be taken into account. Effective interpersonal communication involves a lot of testing and validation.
Learn more about Efficient and Effective Communication at:
https://brainly.com/question/26152499
#SPJ1
a company that makes products that give high immediate satisfaction but may hurt consumers in the long run makes products. group of answer choices threatening desirable salutary deficient pleasing
Pleasing products that give high immediate satisfaction but may hurt consumers in the long run .
What Is Market Cannibalization?Market cannibalization, also referred to as corporate cannibalism, occurs when a new product subverts the demand for an established product. When a company launches a new product to replace one of its own older goods, it is said to have "cannibalized" the market, which results in a drop in sales. Sales of the new product increase, but the existing products of the company are cannibalized, therefore there is no increase in market share. Market cannibalization may occur when a new product is similar to an existing one and both have the same target market. Cannibalism may also occur when a chain store or fast food restaurant faces a drop in sales as a result of the opening of a nearby new outlet for the same company.
To know more about Market Cannibalization visit: brainly.com/question/29036187
#SPJ4
finley writes a letter to three customers describing an investment opportunity that seems to fit their objectives. under finra's rules on communication with the public, this would be considered
This would be considered institutional communication under FINRA's rules on communication with the public.
FINRA Rule 2210 of Communications with the Public divides all communications into three categories including correspondence, retail communications, and institutional communications. In these categories of communication, institutional communication is a means to write communication that is made available or distributed to investors who have certain performative responses and collation of thoughts.
The scenario where Finley writes a letter to three clients describing an investment opportunity that appears to fit their objectives would be considered institutional communication as per the rule FINRA's rules of communication with the public.
You can learn more about FINRA Rule at
https://brainly.com/question/17228097
#SPJ4
An employer is on the verge of bankruptcy. To save money, the employer decides to cancel its workers compensation plan. Which of the following is true?
A) If the business meets the state's definition of small employer, then workers compensation coverage is not necessary anyway
B) This business may be closed under a cease and desist order issued by the Department of Industrial Relations
C) Assuming that the business really is on the verge of bankruptcy, it could appeal to the State Insurance Department for exempt status
D) The business is not required to maintain workers compensation insurance, provided that the employees are notified 90 days before policy cancellation
To save money, the employer decides to cancel its workers compensation plan. The true statement is that This business may be closed under a cease and desist order issued by the Department of Industrial Relations. Option B
What is meant by bankruptcy?
A person or business may file for bankruptcy if they are unable to pay their debts or other commitments. A petition is filed, either on behalf of the debtor, which is more often, or on behalf of creditors, which is less frequent, to start the bankruptcy process.
An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments. All of the company's outstanding debts are calculated and paid off, if not entirely, from the company's assets, according to a petition that has been filed with the court.
Read more on bankruptcy here:https://brainly.com/question/26392690
#SPJ1
the objectives of scheduling require trade-offs among sometimes conflicting goals, such as efficiently utilizing while minimizing .
This assertion is accurate. The goals of scheduling necessitate making trade-offs between occasionally incompatible objectives, such as effectively employing employees and equipment while reducing client wait times and inventories.
What do you mean specifically by Scheduling?In a manufacturing or production process, scheduling refers to the organization, management, and optimization of work and workloads. Scheduling is used to plan for human resources, distribute resources for buildings and equipment, coordinate work procedures, and make purchases of items.
What objectives does the scheduling of project management have?Project scheduling's main objective is to outline the timeline for completing the project's scope. In its simplest form, a project schedule can consist of a list of tasks with due dates next to them, indicating when tasks and milestones (typically the completion of a deliverable) are anticipated to occur.
Learn more about Project scheduling: https://brainly.com/question/12393952
#SPJ4
which of the following sequences of create table statements for happy insurance database is in correct order? group of answer choices create table client create table agent create table area create table agent create table client create table area create table area create table client create table agent none of the above create table area create table agent create table client
The following sequences to create table statements for the happy insurance database is in the correct order is CREATE TABLE area; CREATE TABLE agent; CREATE TABLE client;
insurance is a contract in which an insurer indemnifies some other towards losses from unique contingencies or perils. It allows to the defense of the insured person or their own family towards financial loss. there are numerous varieties of coverage guidelines. life, fitness, house owners, and automobile are the maximum not unusual forms of insurance.
Its aim is to reduce monetary uncertainty and make unintentional loss practicable. It does this by substituting payment of a small, regarded price—an coverage premium—to an expert insurer in alternate for the idea of the hazard a huge loss, and a promise to pay inside the occasion of one of this loss.
Learn more about insurance here https://brainly.com/question/26285319
#SPJ4
Income statement and balance sheet data for Great Adventures, Inc., are provided below.
GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net sales revenues $ 176,690 Interest revenue 240 Expenses: Cost of goods sold $ 39,100 Operating expenses 58,720 Depreciation expense 17,850 Interest expense 8,281 Income tax expense 15,100 Total expenses 139,051 Net income $ 37,879 GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
2022 2021 Assets Current assets: Cash $ 231,844 $ 64,620 Accounts receivable 48,680 0 Inventory 8,200 0 Other current assets 1,020 4,980 Long-term assets: Land 620,000 0 Buildings 830,000 0 Equipment 74,360 46,000 Accumulated depreciation (26,450 ) (8,300 ) Total assets $ 1,787,654 $ 107,300 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 22,000 $ 3,040 Interest payable 1,050 810 Income tax payable 15,100 14,120 Other current liabilities 24,600 0 Notes payable (current) 60,137 0 Notes payable (long-term) 586,478 31,200 Stockholders’ equity: Common stock 132,000 24,080 Paid-in capital 1,013,200 0 Retained earnings 59,089 34,050 Treasury stock (126,000 ) 0 Total liabilities and stockholders’ equity $ 1,787,654 $ 107,300 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.
Required:
1. Calculate the following risk ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.
a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales)
b. Average collection period.
c. Inventory
2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)
Answer:
To calculate the receivables turnover ratio, we will need to divide the net credit sales by the average accounts receivable. Net credit sales can be calculated by subtracting the cost of goods sold from the net sales revenues. The average accounts receivable can be calculated by taking the sum of the accounts receivable at the beginning and end of the year, and dividing it by 2.
Net credit sales = Net sales revenues - Cost of goods sold
= $176,690 - $39,100
= $137,590
Average accounts receivable = (Accounts receivable at beginning of year + Accounts receivable at end of year) / 2
= ($0 + $48,680) / 2
= $24,340
Receivables turnover ratio = Net credit sales / Average accounts receivable
= $137,590 / $24,340
= 5.6
To calculate the average collection period, we will need to divide the number of days in a year by the receivables turnover ratio.
Average collection period = Number of days in a year / Receivables turnover ratio
= 365 / 5.6
= 65 days
To calculate the inventory turnover ratio, we will need to divide the cost of goods sold by the average inventory. The average inventory can be calculated by taking the sum of the inventory at the beginning and end of the year, and dividing it by 2.
Average inventory = (Inventory at beginning of year + Inventory at end of year) / 2
= ($0 + $8,200) / 2
= $4,100
Inventory turnover ratio = Cost of goods sold / Average inventory
= $39,100 / $4,100
= 9.5
To calculate the profit margin, we will need to divide the net income by the net sales revenues.
Profit margin = Net income / Net sales revenues
= $37,879 / $176,690
= 0.21 or 21%
To calculate the return on assets, we will need to divide the net income by the average total assets. The average total assets can be calculated by taking the sum of the total assets at the beginning and end of the year, and dividing it by 2.
Average total assets = (Total assets at beginning of year + Total assets at end of year) / 2
= ($107,300 + $1,787,654) / 2
= $947,477
Return on assets = Net income / Average total assets
= $37,879 / $947,477
= 0.04 or 4%
To calculate the return on equity, we will need to divide the net income by the average stockholders' equity. The average stockholders' equity can be calculated by taking the sum of the stockholders' equity at the beginning and end of the year, and dividing it by 2.
Average stockholders' equity = (Stockholders' equity at beginning of year + Stockholders' equity at end of year) / 2
= ($107,300 + $1,787,654) / 2
= $947,477
Return on equity = Net income / Average stockholders' equity
= $37,879 / $947,477
= 0.04 or 4%
section 3 of article iv of the constitution prescribes the methodology for the admission of new states into the union.
The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property belonging to the United States.
Congress shall have power to direct and enact necessary rules and regulations relating to the territories or other property of the United States. Nor shall anything in this Constitution be construed to prejudice the claims of the United States or any particular state.
The United States Senate is composed of her two senators from each state, elected by Congress for six-year terms. And each senator has one vote.
The United States of America guarantees a republican form of government to all states within this Commonwealth and protects each of them from invasion. Oppose domestic violence at the request of Congress or the executive branch (if Congress cannot convene).
To know more about United States., visit:-
https://brainly.com/question/1527526
#SPJ4
c. if, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education, the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the left. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor.
Assuming the public authority extensively extends the number of appropriations accessible for individuals to seek after with an end goal to increment opportunities for lower-pay families.
What effect do preparing and instruction have on the labor market?
Businesses' interest in work ascends because of a knowledgeable and prepared labor force. The interest in work will move to one side as efficiency levels inside the labor force rise.
How do supply and demand change as wages rise?
Since recreation is a typical decent, more relaxation will be requested when cash ascends because of more prominent wages. Furthermore, that suggests a lessening in how much work is advertised. Hence, the replacement impact for issues with work supply is generally sure; a more significant pay energizes the stockpile of additional laborers.
Learn more about market:
https://brainly.com/question/29757343
#SPJ4
TRUE OR FALSE : real options analysis helps managers make investment decisions involving staged commitments of smaller financial resources.
Sinking funds are attractive to both issuing firms and investors because ______. (Select all that apply)
the fund does not compound the interest annually
they support the market price of the bond because they reduce the risk the bond will not be repaid
they reduce the risk the bond will not be repaid
they provide for an orderly repayment of a bond issue
Sinking funds are attractive to both issuing firms and investors because
B. they support the market price of bond because they reduce the risk the bond will not be repaidC. they reduce the risk the bond will not be repaidD. they provide for an orderly repayment of a bond issueWhat are Sinking funds?In finance, a sinking fund refers to a fund containing the money set aside or saved to pay off a debt or bond. A company that issues a debt will need to pay that debt off in the future and the sinking fund will helps to soften the hardship of a large outlay of revenue.
In conclusion, the sinking fund is established so the company can contribute to the fund in the years leading up to the bond's maturity.
Read more about Sinking funds
brainly.com/question/26678695
#SPJ1
Being economically responsible is the most basic social responsibility of any business. This responsibility has the most immediate effect on:
Shareholders
Being economically responsible is the basic social responsibility of any business. This has the most immediate effect on Shareholders.
A firm must first be accountable to itself and its shareholders before it can be socially responsible. Companies that implement Corporate social responsibility initiatives frequently expand to the point where they are able to contribute back to society.
CSR is a self-policing business approach that allows a company to be socially accountable to its consumers, workers, and stakeholders.
Companies that practice corporate social responsibility, also known as corporate citizenship, may be cognizant of their impact on the economic, social, and environmental parts of society.
Depending on the business and industry, corporate social responsibility is a wide term that may take many different shapes. Businesses may enhance their brands while helping society through CSR initiatives, charity, and volunteer work.
Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.
learn more about corporates social responsibility at https://brainly.com/question/1373962
#SPJ4