As a result, the expected budget surplus turns into a billion dollar deficit. A budget surplus occurs when an entity (such as the U.S. government) spends less money in a financial period than it receives in revenue.
What if the government has a budget surplus?First, if the budget surplus is the result of a decrease in government spending, less money is spent on the total economy. So if this is the only source of supply, it could reduce aggregate demand and lead to deflationary pressures.
Why is the budget surplus good?It is desirable to achieve a budget surplus. A surplus means that the national debt (the sum of all past budget deficits minus the budget surplus) can be reduced over time. This means that the opportunity cost of financing debt service is reduced.
Is surplus always good?It arises from the difference between income from exports and expenditure from imports. This shows that inflows of local currency and resources outweigh outflows, indicating a healthy economy. Therefore, it is always desirable for any country to maintain a surplus as opposed to a trade deficit.
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Which of the following products is more likely to require a adaptation strategy for foreign market because of its higher degree of cultural grounding?
Clothing is one of the products that is more likely to require a adaptation strategy for foreign market because of its higher degree of cultural grounding.
What is use of adaptation strategy?In marketing, an adaptation strategy refers to a strategy that is geared towards meeting the needs of the market, planning all business activities with the aim of efficiently meeting the specific needs and respecting the values of local consumers.
When entering new market, we can see that country can prefer non-alcoholic beer. The company has to adapt to the situation and decide to produce more beer which results preferable for the chosen country/market. As in the case of standardization, the adaptation strategy is better suited in the presence of the following factors such as differences between customers/consumers, in local competitive conditions, in local legal conditions, high degree of service in the company’s offering.
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based on keyword selection, a company's ad will show up on the serp when the search phrase entered by the searcher matches one of the keywords on the company's list only if the searched phrase is a letter-for-letter match of a keyword to activate an ad for searches that match phrases, not single words, provided to the search engine by the advertiser none of the above
Based on keyword selection, The company's ads will only show up on the SERP when the search phrase entered by the searcher matches one of the keywords on the company's list.
Search engine results pages, often known as "SERPs" or "SERPs," show Go-ogle's answer to a user's search query. SERPs typically include paid Go-ogle Ads, Knowledge Graphs, Featured Snippets, and video results. Through the use of advertising, a product, brand, or service is promoted to a viewership in order to grab their attention, promote interaction, and boost sales.
Advertising, often known as advertising or adverts, can take many different forms, from interactive video to text, and has become a crucial part of the app store. Advertising will undoubtedly reach a target demographic. If your advertisements are interesting and cost enough to reach your target demographic, they may have a direct impact on your business.
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respondeat superior is a doctrine in tort law that means employers may be responsible for the wrong of an employee
In accordance with the aforementioned legal theory, when an employment or agent commits a wrongdoing while working for the employer, the employer or the principle is held legally responsible.
An employment is a contractual arrangement between two people that regulates how labour services are provided for a wage. In most circumstances, an employer, which might be a business, a non-profit, a cooperative, or any other type of organisation, pays the employee in exchange for executing the task that has been assigned to them, according to the terms of a contract. Workers are paid for their labour through wages, which can be paid on the basis of an hourly rate, piecework, or annual salary based on the type of work performed, the industry conditions in force, and the parties' bargaining power. Providing stock options, incentives, and gratuities to employees is permitted in several businesses. In a variety of jobs, employees might also receive benefits on top of pay. A couple major benefits are housing and health insurance.
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a monopolist produces an output level where marginal revenue equals marginal cost and charges a price where marginal cost equals average total cost. t/f
False, A monopolist charge a price where marginal revenue is equal to marginal cost.
How does a monopolist set his or her prices?The monopolist produces the quantity of the commodity that corresponds to the point of equilibrium of marginal revenue and marginal cost. The marginal cost is the change in total cost of production caused by increasing production by one unit. The monopolist's price is determined by the market demand curve. A monopoly will never set a price at a point on the inelastic region of the demand curve because marginal revenue would be negative at that point, causing the marginal revenue curve to be lower than the marginal cost curve. Because of a downward-sloping demand curve, a monopolist is free to establish either prices or output volumes, but not both. He cannot charge a high price and produce a large amount.
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used for a statistical test to decide whether results observed are likely to reflect real differences between groups
A statistically significant difference between two groups is tested using the T-test. When there is a "substantial difference," the results are most likely not the result of chance or sampling mistake.
To evaluate if there is a statistically significant difference between the means of two variables, a t-test is an inferential statistic that is utilized. A statistical test for assessing hypotheses is the t-test. The findings of two separate study design types are often analyzed using an independent-samples t-test: (a) determining if there is a mean difference between two independent groups; and (b) determining whether there is a mean difference between two interventions.The discrepancy between the observed and predicted frequencies of the results of a group of events or variables is measured by the chi-square (2) statistic.
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flint company purchaes an oil tanker depot on january 1 2020 at a cost of 2620000 for cash. flint expects to operate the depot for 10 years, at which time it is legally required to dismantle the depot and remove the underground storage tanks. it is estimated that it will cost 276000 to dismantle the depot and remove the tanks at the end of the depot's useful life.Prepare the journal entries to record the depot (considered a plant asset) and the asset retirement obligation for the depot on January 1, 2020, Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2020, is $41,879. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2020 To record the depot) January 1, 2020 To record the asset retirement obligation) 559 AM 1302017
Asset retirement obligation will be $41879 and journal entry will be following.
Plant Assets Dr. 2620000
To Cash 2620000
Plant Assets Dr. 41879
To Asset Retirement Obligation 41879
An asset retirement obligation (ARO) is a term used in accounting to refer to a legal responsibility a corporation has to remove equipment or clean up hazardous materials when a tangible, long-lived asset is retired.
AROs ought to be included in a company's financial statements to provide a more precise and comprehensive snapshot of the entire value of the business.
Companies that build physical infrastructure that must be taken down before a land lease expires, like underground fuel storage tanks at petrol stations, are sometimes subject to asset retirement obligation accounting.
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A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, It returned $900 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual Inventory system, and records purchases using the gross method, the correct Journal entry to record the payment on July 12 is: Multiple Choice 0 Debit Merchandise Inventory $2.300: credit Cash $2,300. 0 Debit Cash $2.300: credit Accounts Payable $2,300. O Debit Accounts Payable $2.300: credit Merchandise Inventory $46: credit Cash $2.254. 0 Debit Accounts Payable $3.200: credit Cash $3,200. 0 Debit Accounts Payable $2,300: credit Cash $2,300.
The correct Journal entry to record the payment on July 12 is: Debit Accounts Payable $2,300; credit Merchandise Inventory $46; credit Cash $2.254.
account and explanation Debit Credit
Account payable (3200-900) 2300
Cash (2300*98%) 2254
Merchandise inventory 46
Every magazine access includes the records extensive to a unmarried business transaction, such as the date, the quantity to be credited and debited, a brief description of the transaction and the bills affected.
Transactions are broadly described as any financial interest that influences the commercial enterprise. they're not restrained to the buying and selling of products and offerings, but encompass any trade of economic price, which includes interest payments, depreciation, charges, or payroll.
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deborah is considering finding a new cellphone service provider because her current provider is raising its prices. however, for deborah the prospect of shopping around for a new provider that is cheaper and offers similar coverage sounds time-intensive and aggravating. deborah ultimately decides to stay with her current provider because .
Deborah ultimately decides to stay with her current provider because of the cost of switching providers.
Switching costs are the costs a customer pays as a result of changing brands or products. Switching costs may be monetary, psychological, effort-based, or time-based. There are two distinct types of switching expenses: high switching costs and low switching costs.
The expenditures associated with switching providers are known as switching costs. The more switching expenses there are, the harder it will be to persuade clients to make the transition. As the threshold for consumers to switch is raised, businesses with high switching costs are more likely to experience strong customer retention, i.e., declining churn rates over time.
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short-term interest rates and long-term interest rates usually move together; this is the major deficiency of the
Short-term interest rates and long-term interest rates usually move together; this is the major deficiency of the segmented markets theory.
Do short- and long-term interest rates fluctuate in tandem?Positive correlation exists between short- and long-term interest rates. More changes occur in short-term interest rates than in long-term interest rates. Bonds with longer maturities have more market volatility than those with shorter maturities. The price variation is calculated by multiplying the duration by the yield-to-maturity variation.
What is the yield curve's structure when short-term interest rates are low and long-term interest rates are high?Short-term debt instruments have a lower yield than long-term debt instruments of the same credit grade under the typical yield curve. A yield curve that slopes higher denotes a potential rise in interest rates. A yield curve that slopes downward portends a decline in interest rates in the future.
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for each of the following situations, indicate what type of audit report is most appropriate.the auditor lacks independence in fact, but not necessarily in appearance.there is a scope limitation and it is material but the overall financial statements are still presented fairly.the uncorrected misstatements are immaterial.there is a departure from gaap and it is pervasively material.
If the auditor lacks independence in fact, but not necessarily in appearance then Disclaimer audit report is most appropriate. If there is a scope limitation and it is material but the overall financial statements are still presented fairly then Qualified audit report is most appropriate.
If the uncorrected misstatements are immaterial then Unqualified/Unmodified audit report is most appropriate. If the uncorrected misstatements are immaterial then Adverse audit report is most appropriate.
An auditor's qualified report states that, with an exception of some particular areas, the financials are fairly reported. A qualified audit report is still acceptable to lenders, creditors, and investors, unlike an unfavourable or disclaimer audit report.
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The Frito-Lay salespeople that call on supermarkets and convenience stores to ensure the company's snack products are in adequate supply are best termed
outside order takers.
Outside order takers is the best way to describe the Frito-Lay salesmen that call on supermarkets and convenience stores to make sure the company's snack goods are in sufficient quantity.
An order taker is a specific category of salesperson who takes orders for goods and commodities but who makes no efforts to boost current sales, raise the frequency of orders, or acquire new clients.
Outside order takers are often responsible for responding to consumer inquiries rather than persuading them to make further purchases and boost sales. These days, businesses are replacing them with telemarketing teams that just make orders-taking calls to customers. The difference between an order getter and an order taker is that an order getter seeks to enhance the company's revenue by encouraging current customers to make larger purchases as well as by acquiring orders from new clients.
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Implication of Crowding Out
Bond financed fiscal policy will be most likely to be effective when the private sector is reluctant to save or invest.
Note: Your question is incomplete. What impact does crowding out have on the efficiency of fiscal policy?
An increase in public borrowing and spending that results in a decrease in private spending is known as the economic crowding-out effect. Businesses and individuals reduce their borrowing and spending because government borrowing raises the cost of private loans and consumes capital that could be used elsewhere.
According to an economic theory called the "crowding-out effect," declining private sector spending is caused by growing public sector spending. Both tax increases and borrowing are options the government has to increase spending.Higher taxes result in less money for spending by businesses and consumers. Bond sales are the primary method of government borrowing. It's possible that if individuals and institutional investors purchase those bonds, they won't have as much money available for private sector investment.In order to make bonds more appealing, the government may also raise interest rates. This could result in an increase in interest rates overall, which would deter private borrowing and spending.Hence, critics contend that the crowding-out theory is false and that, in some circumstances, the opposite happens — increased public spending encourages increased private spending, which boosts the economy.
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employees access a secure area by entering a cipher code, but this code does not identify individuals. after a recent security incident, management has decided to implement a key card system that will identify individuals who enter and exit this secure area. however, the installation might take six months or longer. which of the following choices can the organization install immediately to identify individuals who enter or exit the secure area?
The company can install CCTV right away to identify those who enter or leave the secure area.
One must verify that before installing CCTV.Standards for maintaining cameras. Coordinating the camera's time with outside systems If CCTV footage can be downloaded or accessed remotely, Cybersecurity risks arise. Issues relating to data security.
Where should there be a complete ban on CCTV cameras?Persons must only have a reasonable expectation of privacy in order to be recorded. Places that are normally considered private, like bathrooms, locker rooms, dressing rooms, hotel rooms, and mattresses, are typically off-limits when there is a reasonable expectation of solitude.
Is having a CCTV system at work an invasion of privacy? Otherwise, why not?It follows that the workplace cannot be considered a man's castle, home, or another place of seclusion that has to be shielded from exploitation and unwarranted interference. The Court concluded that workplace invasions of privacy are acceptable. Unavoidably, the private employee talks will be recorded on the audio-equipped CCTV.
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FILL IN THE BLANK. bagel, inc. issued 50,000 shares of the 100,000 authorized. it has since repurchased 5,000 of its shares. the number of shares outstanding equals___shares.
Bagel, inc. issued 50,000 shares of the 100,000 authorized. it has since repurchased 5,000 of its shares. the number of shares outstanding equals 45000 shares.
Describe shares.The money a business raises by issuing common or preferred stock is known as shares or share capital. It speaks of the sum of money that a company's owners have committed to the enterprise.
The number of shares outstanding can be calculate as follows:
Shares outstanding = Issued shares - Shares repurchased
Shares outstanding= 50,000 - 5,000
Shares outstanding= 45 000
The issued share is a the combination of the outstanding shares and the treasury shares
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ilene is a shareholder of jazz street studios, inc. ilene could normally exercise appraisal rights if jazz street participated in
Ilene is a shareholder of jazz street studios, inc. Ilene could normally exercise appraisal rights if jazz street participated in a share exchange.
What are Rights?Rights are fundamental normative rules about what is permitted of people or owed to people in accordance with some legal system, social custom, or ethical theory. Rights are therefore legal, social, or ethical principles of freedom or entitlement.
In a share exchange, the acquiring corporation trades all of the remaining shares of each class of the target corporation's stock for its own stock as opposed to money or other assets. Rights
Therefore, if jazz street participates in a share transaction, exercises appraisal rights.
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n this exercise, you are required to: create the worksheet class that stores the total working hours for each day of a
The worksheet class that stores the total working hours for each day is as follow:
Java was employed as the programming language.Take care to keep the files WorkSheet.java, Main.java, and worksheetData.csv together.The code for the program contains every stage of the solution.Fill out the worksheet: Yes
Working hours for the fifth month: 170
Most hours worked in month nine: 12.
The lowest number of hours worked in month 12:
Average daily working hours in month 7: 6.433333333333334
java.lang. ArrayIndexOutOfBounds Index -1 is outside of bounds for length 12, for example.
at WorkSheet.getMonthTotalHours (WorkSheet.java:21)
at WorkSheet.getAvgDailyHours (WorkSheet.java:33)
at Main.main(Main.java:11)
Average daily working hours in month 0: 0.0
Worksheets are typically loose sheets of paper with exercises or questions on them for students to complete and record their responses. They are utilized in most courses to some extent, and there are two main varieties in the math curriculum where they are frequently used.
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The complete question is:
In this exercise, you are required to: 1. create the WorkSheet class that stores the total working hours for each day of a month for a restaurant officer in an array of integers, The class should have one field of 2D array of integers: yearWorkHours[12][30] that hold the daily done work hours for 12 months (for simplicity, assure all months have exactly 30 days) WorkSheet class has the following methods: 1. getMonth TotalHours, that takes the month number and returns the total work hours for that month. 2.getAvgDailyHours that returns the average number of hours done by the employee in the given month number. 3.getLowestWorkingDay that returns lowest daily working hours for a given month the lowest number of work hours. 4. getHeighest WorkingDay that returns highest daily working hours for a given month. 5.populateWorkSheet that reads data from the worksheetData.csv file. The file includes information for 12 months 30 days per each year. In case of any failure it should return false otherwise it returns true. 2. In the Mainjava file create an object of WorkSheet then call populateWorksheet to fill the array from the worksheetData.csv file [provided in the files) 3. Make sure to handle cases that have invalid parameters like 0. greater than or negative values. Each method that takes month as parameter must throw InvalidiputExeception when you have any of of the invalid input cases. 4. In Main.java, test the methods 1-4 using simple unit testing format as described in Labiz 5. In the Main.java make sure you add the suitable exception handling blocks i.e., try and catch blocks Bonus: think about printing out the table of each month containing total hours, total earning of the month if 20$ is given per hour, average working hours, the highest, and lowest number of worked hours to a file call it yearreport.txt Work Sheet +year WorkHours: int to + Worksheet + getAvgDailyHours(inty: double +gelionth TotalHoursoint; int + getHighestWorkingDay(int) int + getlowestWorkingDay(int in + populate WorkSheet): boolean
Suppose ABC, Inc., just paid a dividend of $0.50 per share. It is expected to increase its dividend by 5% per year. If the market requires a return of 10% on assets of this risk, how much should the stock be selling for?
The amount that the stock should be selling for equals to $10.50.
A stock price, also known as share price, is the price of single share of a number of saleable equity shares of a company. A stock price is also seen as highest amount someone is willing to pay for the stock or the lowest amount that it can be bought for.
The formula for determing current stock price P0 = D0(1+g) / (R - g) = D1/(R - g).
= 0.50*(1 + 0.05) / (0.10 - 0.05)
= 0.50*(1.05) / 0.05
= 0.525 / 0.05
= $10.50.
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All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is a. $2.24
b.$3.03
c.$3.84
d.$2.58
The ending work in process inventory is $91,960. The first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is $2.58.
The correct option is d.
By reversing method example,
The computation of the ending work in process inventory is given below:
= cost of material + conversion cost
= 22,000 × $1.60 + 22,000 × $2.58
= $35,200 + $56,760
= $91,960
Hence, the ending work in process inventory is $91,960
The same should be considered and relevant.
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The Clipper Sailboat Company is expected to earn $4 per share next year. The company will have a return on equity of 15 percent and the company will grow 4 percent in the future. The company has a cost of equity of 12 percent. Given that information, answer the following questions.
What is the value of the company's stock? Do not round intermediate calculations. Round your answer to the nearest cent.$
What is the present value of the growth opportunity? Do not round intermediate calculations. Round your answer to the nearest cent.$
Assume that the growth rate is only 3 percent. What would the appropriate P/E multiple be for this stock? Do not round intermediate calculations. Round your answer to two decimal places.×
a) Value of company's stock = $36.7
b) Present Value of the Growth Opportunity (PVGO) = $3.4
c) The appropriate P/E multiple be for this stock is 8.8875
Next year, The Clipper Sailboat Corporation was predicted to make $4 per share. The business will grow by 4% over the next few years and return on equity will be 15%.
The business does have a 12% cost of equity.
To respond to the question:
a)Growth Rate =ROE × (1 - payout Ratio)
4% = 15% × (1 - payout Ratio)
1 - payout Ratio = 4% / 15% = 0.266
Payout Ratio = 1 - 0.2666 = 0.734
Dividend ([tex]D_0[/tex]) = EPS × payout ratio
= $4 × 0.734
= $2.936
Stock price = Dividend ([tex]D_0[/tex]) / (cost of equity - growth rate)
= $2.936 / (0.12 - 0.04)
= $2.936/ 0.08
= $36.7
Value of company's stock = $36.7
b) Present Value of the Growth Opportunity (PVGO) = Stock Price - (Earning per share / Cost of Equity
= $36.7 - ($4 /0.12)
= $36.7 - $33.3
= $3.4
PVOG = $3.4
c) Growth Rate =ROE × (1 - payout Ratio)
3% = 15% × (1 - payout Ratio)
Payout ratio = 1 - (3% / 15%) = 1 - 0.2 = 0.8
Dividend ([tex]D_0[/tex]) = EPS × payout ratio
Dividend ([tex]D_0[/tex]) = $4 × 0.8
Dividend ([tex]D_0[/tex]) = $3.2
Stock price = Dividend ([tex]D_0[/tex]) / (cost of equity - growth rate)
= $3.2 / (0.12 - 0.03)
= $3.2 /0.09
= $35.55
P/E = Price/ Earning per price
= $35.55 / $4
= 8.8875
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which of the following are true? multiple select question. ideally, we should use book values in the wacc. ideally, we should use market values in the wacc. book values are often similar to market values for equity. book values are often similar to market values for debt.
The following statements are true:
Ideally, we should use market values in the WACC. Book values are often similar to market values for equity. Book values are often similar to market values for debt.Using Market Values and Book Values in the WACCThe Weighted Average Cost of Capital (WACC) is one of the most important metrics used to evaluate the cost of capital for a company. WACC is calculated by taking into account the cost of equity, debt and any other sources of capital. The ideal way to calculate WACC is to use market values, as they are more reflective of the current market environment.
However, book values are often similar to market values for both equity and debt, making them a good substitute if market values are not available. Therefore, it is accurate to say that book values are often similar to market values for both equity and debt.
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unlike hedging with futures, hedging with options group of answer choices locks in a particular price or rate of return for a hedger. exposes a hedger to a risk of large losses. allows a hedger to benefit from the upside potential of his spot position. is free (i.e., creating the hedge is costless) both b and c
The correct answer to the question about hedging is option C) permits a hedging trader to profit from the possible gains on his spot position. , is free (i.e., creating the hedge is costless)
A method known as a "hedge" aims to reduce the risk exposures of financial assets.
Taking stakes in derivatives that offset an existing position is a common hedging strategy.
Diversification is one strategy for building different types of hedges. The purchase of cyclical and countercyclical equities is one illustration.
Hedging is thought to improve the market's efficiency in addition to shielding an investment from different kinds of risk. A risk-reduction strategy has drawbacks of its own, so it's vital to keep that in mind. First of all, as was already mentioned, hedging is not flawless and does not ensure future success or the attenuation of losses.
Question
Unlike hedging with futures, hedging with options group of answer choices:
locks in a particular price or rate of return for a hedger.exposes a hedger to a risk of large losses.allows a hedger to benefit from the upside potential of his spot position. is free (i.e., creating the hedge is costless) both b and cTo learn more about hedging click here
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Which of the following statements, if either, concerning differences between U.S. GAAP and IFRS in accounting for hedges is/are correct?
I. IFRS permits hedging a forecasted business combination that is subject to foreign exchange risk; U.S. GAAP does not permit hedging in that case.
II. IFRS permits hedging part of the life of a hedged item; U.S. GAAP does not permit hedging of part of the life of a hedged item.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
Both Statement I and Statement II are correct. IFRS permits hedging a forecasted business combination that is subject to foreign exchange risk, and IFRS permits hedging part of the life of a hedged item. U.S. GAAP does not permit hedging in either case.
IFRS is more commonly based on principles, whereas GAAP is more frequently based on regulations. Companies may be required to abide by industry-specific laws and regulations under GAAP, but IFRS contains principles that call for judgment and interpretation to determine how they should be implemented in a particular circumstance.
The main distinction between the two accounting systems is that GAAP is based on regulations, whereas IFRS is based on principles. This discrepancy shows itself in certain details and interpretations. In general, IFRS norms give substantially less information overall than GAAP.
Hence the correct option is C
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after the economic recession, the fishing industry suffered from a decline in sales. however, recent sales forecasts indicate that the upcoming season will produce a strong demand for fishing equipment. based on this, ray has decided to ramp up production this winter of both his fishing rods and boats, keep them in storage until the fishing sales season officially resumes, and hope that customers will buy them. this is an example of a strategy. group of answer choices supply pull push push-pull demand
Understanding how susceptible a business is to a recession is the first step in example developing a strategy for one.
What causes a downturn in the economy?Recessions can have a number of causes, but typically speaking, rising interest rates are the main offender. The conflict between Ukraine and Russia and how it has affected the price of goods and energy, which has led to higher inflation, are examples of non-standard events that the market is also concerned about.
What precisely takes place during a recession?During a recession, there is a decline in consumer spending, employment, and economic output. As the central bank lowers rates to stimulate the economy (like the U.S. Federal Reserve Bank), interest rates are expected to decrease.
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Portions of the financial statements for Myriad Products are provided below.
MYRIAD PRODUCTS COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in millions)
Sales $ 720 Cost of goods sold 252 Gross margin 468 Salaries expense $ 105 Depreciation expense 80 Patent amortization expense 5 Interest expense 20 Loss on sale of land 4 214 Income before taxes 254 Income tax expense 127 Net Income $ 127 MYRIAD PRODUCTS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
Year 2018 2017 Change
Cash $ 120 $ 112 $ 8 Accounts receivable 232 250 (18 )
Inventory 446 462 (16 )
Accounts payable 170 158 12 Salaries payable 86 98 (12 )
Interest payable 43 32 11 Income taxes payable 33 22 11 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Cash Flow from Operating Activities (Direct Method)
Cash receipts from customers (Refer Note 1) $738
Cash payments to merchandise (Note 2) -$224
Cash payment for Salaries expense (refer note 4) -$117
Income Taxes paid (Refer note 6)-$116
Net Cash Flow from Operating Activities = $281
Note --- It is assumed that Interest Expense is a financing activity hence not taken in Operating Activity.
Note 1 -- Cash receipts from Customers
Beginning Accounts Receivable $250
Plus: Credit Sales made during the year $720
Less: Ending Accounts Receivable -$232
Cash Collected from Customers $738
Note 2 -- Cash payment for merchandise
Beginning Accounts Payable $158
Plus: Purchases made during the year (refer note 3) $236
Less: Ending Accounts Payable -$170
Cash Paid to Supplier during the year $224
Note 3 -- Purchase made during the year
Cost of Goods Sold $252
Plus: Ending Inventory $446
Less: Beginning Inventory -$462
Purchases made during the year $236
Note 4 -- Cash paid for salaries expense
Salaries Expense incurred during the year $105
Add: Beginning Balance $98
Less: Ending balance -$86
Cash paid for salaries expense $117
Note 5 -- Cash paid for Interest
Interest Expense incurred during the year $20
Add: Beginning Balance $32
Less: Ending balance -$43
Cash paid for interest $9
Note 6 -- Cash paid for Income Taxes
Income tax expense incurred during the year $127
Add: Beginning Balance $22
Less: Ending balance -$33
Cash paid for Income Taxes $116
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in the order to cash process what step and debit or credit entry is made in the cost of goods sold general lefger account
Debit the COGS Expense account when adding a COGS journal item, and credit the Purchases and Inventory accounts.
What is the SAP order-to-cash procedure?Order-to-cash refers to the full procedure from receiving an order to completing the transaction by having the consumer make payment. The OTC process represents the supplier view, or the sales side (SAP SD Sales & Distribution) of a corporation, in the SAP ERP system.
The complete ordering procedure of a business is referred to as the order to cash process, commonly known as O2C or OTC. It begins when a consumer puts an order and concludes when an invoice is paid in full.
Is cost of products sold a credit or a debit, you might be asking.
Make a COGS journal entry by debiting the COGS Expense account and crediting the Purchases and Inventory accounts. Your COGS Expense and Purchases accounts are divided, and the result is your inventory.
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the first phase of strategic planning is group of answer choices downsize largest departments situation analysis identifying strategic alternatives secure additional funding
The first phase of strategic planning is identifying strategic alternatives.
The process through which an organization determines its strategy or direction and decides how to allocate its resources to achieve its strategic goals is known as strategic planning. It could also include restrictions on how the approach is put into practise. In the 1960s, strategic planning rose to prominence in businesses, and it continues to be a crucial component of strategic management.
It is carried out by strategic planners or strategists who do extensive study of the company and how it interacts with its competitive environment. There are numerous definitions of strategy, but in general, it entails deciding on steps to attain the goals, creating a timeframe, and allocating resources to carry out the tasks.
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_____ refers to rules, procedures, and written documentation, such as policy manuals and job descriptions, that prescribe the rights and duties of employees.
a. Monopolization
b. Centralization
c. Formalization
d. Liberalization
The correct answer is c. Formalization refers to rules, procedures, and written documentation, such as policy manuals and job descriptions, that prescribe the rights and duties of employees.
Organizational structure is the management of individual and group activities within an organisation. To achieve company goals and objectives, individual effort must be managed and coordinated. The organisation ultimately becomes too large and complex to operate under formal, rigid procedures, leading to a "red-tape crisis" and a schism between headquarters and field managers. According to Greiner, firms typically encounter a leadership crisis since there are now no clear standards or standard operating procedures in place to carry out the work. At this time, there are often no tried-and-true techniques for getting things done.
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the variability of a firm's operating cash flows is probably reduced by international diversification of its production, sourcing, and sales because exchange rate changes under disequilibrium conditions are likely to increase the firm's competitiveness in some markets while reducing it in others.
0 True
0 False
Due to the likelihood that fluctuations in exchange rates under conditions of disequilibrium will make a company less competitive in some markets while making it more competitive in others. Hence, the given statement is true.
A firm's operating cash flows are likely to be less variable when its production, sourcing, and sales are more globally diversified. A sense of disequilibrium is the need for assistance from others in order to move properly or the perception of an impending fall.
The sensation is occasionally characterised as floating or as a sense that the floor is tilted improperly. The inner ear, other motion sensors, or the central nervous system may be the source of this sensation.
The cerebellum, a region of the brain in charge of balance and coordination, can be affected by a variety of disorders, which can lead to disequilibrium.
Therefore, the given statement is true.
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when you inform an employee that he or she is being terminated, which of the following is the most important activity? answer allow him or her to collect their personal items give him or her two weeks' notice disable his or her network access allow him or her to complete their current work projects
When you inform an employee that he or she is being terminated, disable his or her network access.
You should promptly disable a terminated employee's network access. Frequently, after being told of their termination and having their NDA and other security agreements reviewed, employees are led through an exit interview. The system administrator blocks the user's network access and security codes while the exit interview is taking place.
An employee's time working for a corporation comes to an end when their employment is terminated. Termination may take place voluntarily, like when a worker decides to leave on their own. When a business reduces staff, terminates workers, or initiates layoffs, this is known as involuntary termination.
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which of the following characteristics of mcdonald's best supports the fact that it is a mechanistic organization?
Its job descriptions are very descriptive and that best supports the fact that it is a mechanistic organization.
What type of management does McDonald's employ?Autocratic approach. However, some really prosperous businesses, including McDonald's, make excellent use of the autocratic model. In this instance, McDonald's doesn't consult its staff when making decisions about the company's operations or when it comes to modifying working procedures.
How would explain McDonald's job description?The company's kitchen is staffed by McDonald's employees. The crew members' main duties are to prepare food, serve customers, maintain cleanliness, and practice good hygiene. Every visitor is given prompt, courteous service, as they take care of this.
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