The answer to the question is a. transportation costs can make it difficult to directly compare commodity prices. This is because PPP is based on the idea that the same goods and services should have the same price across different countries, but transportation costs can significantly affect the prices of goods in different countries.
The answer to the question is a. transportation costs can make it difficult to directly compare commodity prices. This is because PPP is based on the idea that the same goods and services should have the same price across different countries, but transportation costs can significantly affect the prices of goods in different countries. Therefore, it is difficult to directly compare commodity prices between countries. However, it is important to note that PPP is still a useful concept for adjusting GDP and making comparisons of standards of living between countries more meaningful. The efficiency of the internal market of large multinational corporations may also play a role in overcoming barriers to international commodity markets, but it is not directly related to the limitations of PPP.
Learn more about commodity prices here
https://brainly.com/question/23132703
#SPJ11
(Algo) Manufacturing: Preparation of a complete master budget LO P1, P2, P3
The management of Zigby Manufacturing prepared the following balance sheet for March 31.
ZIGBY MANUFACTURING
Balance Sheet
March 31
Assets Liabilities and Equity Cash $ 59,000 Liabilities Accounts receivable 455,000 Accounts payable $ 215,400 Raw materials inventory 93,000 Loan payable 31,000 Finished goods inventory 433,000 Long-term note payable 500,000 $ 746,400
Equipment $ 638,000 Equity Less: Accumulated depreciation 169,000 469,000 Common stock 354,000 Retained earnings 408,600 762,600
Total assets $ 1,509,000 Total liabilities and equity $ 1,509,000
To prepare a master budget for April, May, and June, management gathers the following information.
Sales for March total 25,000 units. Budgeted sales in units follow: April, 25,000; May, 17,000; June, 22,400; and July, 25,000. The product’s selling price is $26.00 per unit and its total product cost is $21.65 per unit.
Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month’s ending materials inventory to equal 50% of the next month’s direct materials requirements. The March 31 raw materials inventory is 4,650 pounds. The budgeted June 30 ending raw materials inventory is 5,900 pounds. Each finished unit requires 0.50 pound of direct materials.
Company policy calls for a given month’s ending finished goods inventory to equal 80% of the next month’s budgeted unit sales. The March 31 finished goods inventory is 20,000 units.
Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour.
The predetermined variable overhead rate is $4.60 per direct labor hour. Depreciation of $39,713 per month is the only fixed factory overhead item.
Sales commissions of 5% of sales are paid in the month of the sales. The sales manager’s monthly salary is $4,900.
Monthly general and administrative expenses include $34,000 for administrative salaries and 0.8% monthly interest on the long-term note payable.
The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale).
All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase).
The minimum ending cash balance for all months is $59,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans.
Dividends of $29,000 are budgeted to be declared and paid in May.
No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter.
Equipment purchases of $100,000 are budgeted for the last day of June.
Required:
Prepare the following budgets for the months of April, May, and June:
1. Sales budget.
2. Production budget.
3. Direct materials budget.
4. Direct labor budget.
5. Factory overhead budget.
6. Selling expense budget.
7. General and administrative expense budget.
8. Schedule of cash receipts.
9. Schedule of cash payments for direct materials.
10. Cash budget.
11. Budgeted income statement for entire second quarter (not monthly).
12. Budgeted balance sheet at June 30.
1. Sales Budget of april, may and june a is $650,000, $442,000 and $582,400 respectively.
What is Sales Budget?
1. Sales Budget:
April:
Units: 25,000
Sales: 25,000 x $26 = $650,000
May:
Units: 17,000
Sales: 17,000 x $26 = $442,000
June:
Units: 22,400
Sales: 22,400 x $26 = $582,400
2. Production Budget:
April:
Units to produce: 25,000 units + 20,000 units (desired ending inventory) - 20,000 units (beginning inventory) = 25,000 units
Units to be produced = 25,000 units ÷ 0.80 (80% of next month sales) = 31,250 units
May:
Units to produce: 17,000 units x 1.25 (25% increase) + 25,000 units (desired ending inventory) - 25,000 units (beginning inventory) = 29,375 units
Units to be produced = 29,375 units ÷ 0.80 = 36,719 units (rounded)
June:
Units to produce: 22,400 units ÷ 0.80 = 28,000 units
Units to be produced = 28,000 units + 100,000 units (equipment purchases) + 36,719 units (May ending inventory) - 43,750 units (June ending inventory) = 120,969 units (rounded)
3. Direct Materials Budget:
April:
Direct materials required for production: 31,250 units x 0.50 pound per unit = 15,625 pounds
Add desired ending inventory: 5,900 pounds
Total needs: 21,525 pounds
Less beginning inventory: 4,650 pounds
Direct materials to be purchased: 16,875 pounds
Direct materials cost: 16,875 pounds x $20 per pound = $337,500
May:
Direct materials required for production: 36,719 units x 0.50 pound per unit = 18,359.5 pounds (rounded up to 18,360 pounds)
Add desired ending inventory: 6,280 pounds
Total needs: 24,640 pounds
Less beginning inventory: 5,900 pounds
Direct materials to be purchased: 18,740 pounds
Direct materials cost: 18,740 pounds x $20 per pound = $374,800
June:
Direct materials required for production: 120,969 units x 0.50 pound per unit = 60,485 pounds
Add desired ending inventory: 7,050 pounds
Total needs: 67,535 pounds
Less beginning inventory: 6,280 pounds
Direct materials to be purchased: 61,255 pounds
Direct materials cost: 61,255 pounds x $20 per pound = $1,225,100
4. Direct Labor Budget:
April:
Units to produce: 31,250 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 31,250 units x 0.50 hour per unit = 15,625 hours
Direct labor cost: 15,625 hours x $15 per hour = $234,375
May:
Units to produce: 36,719 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 36,719 units x 0.50 hour per unit = 18,360 hours
Direct labor cost: 18,360 hours x $15 per hour = $275,400
June:
Units to produce: 120,969 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 120,969 units
To know more about Sales Budget, visit;
https://brainly.com/question/13198606
#SPJ1
which are general concerns when large, multinational conglomerates make the majority of media acquisitions? select all that apply.
Some general concerns when large, multinational conglomerates make the majority of media acquisitions may include: 1. limited diversity of viewpoints and perspectives in media coverage; 2. monopolization of media markets and potential for anti-competitive practices; 3. concentration of media ownership in the hands of a few powerful entities; 4. possible erosion of journalistic integrity and independence; and 5. influence over public opinion and political discourse.
The general concern when large, multinational conglomerates make the majority of media acquisitions Here are some concerns that may apply:
1. Concentration of media ownership: When large conglomerates acquire most media outlets, there is a risk of a few entities controlling the majority of media, which may limit diversity and variety in content.
2. Loss of independent voices: With fewer independent media outlets, the perspectives and opinions expressed in the media might become more homogeneous, potentially suppressing diverse viewpoints and creativity.
3. Influence on public opinion: Large conglomerates may use their media holdings to promote their own interests, potentially skewing news coverage and shaping public opinion in a biased manner.
4. Commercialization of content: The focus of conglomerate-owned media outlets might shift towards profit-driven content, potentially sacrificing quality journalism and informative reporting for sensationalism and entertainment.
5. Reduced investment in local content: Multinational conglomerates may centralize content production, leading to a decrease in investment in local news and content, which can weaken the coverage of local issues and community interests.
In summary, the general concerns when large, multinational conglomerates make the majority of media acquisitions include concentration of media ownership, loss of independent voices, influence on public opinion, commercialization of content, and reduced investment in local content.
To know more about multinational conglomerates visit:
https://brainly.com/question/5511197
#SPJ11
A nuclear weapon with the explosive power of 10 kilotons of TNT will have a fallout radius of up to 6 miles. This is an example of a (Click to select statement (Click to select) normative positive
This is an example of a positive statement, as it describes a factual relationship between the explosive power of a nuclear weapon and its fallout radius. It does not express any value judgments or opinions about whether such weapons should or should not be used.
A normative statement expresses a value judgment about what ought to be, rather than describing what actually is. Normative statements are subjective and are based on personal beliefs, opinions, or values. For example, "People should not be allowed to own guns" is a normative statement because it expresses a subjective value judgment about what should be allowed in society.
A positive statement, on the other hand, describes what actually is or what can be tested and verified through empirical evidence. Positive statements are objective and based on factual information. For example, "The average global temperature is increasing" is a positive statement because it describes an observable phenomenon that can be measured and verified through data.
Learn more about judgment here:
https://brainly.com/question/2890222
#SPJ11
The break-even point in sales dollars may be computed as:
A. total contribution margin divided by the unit contribution margin per unit
B. fixed costs divided by the difference in unit price and unit variable costs
C. the difference between total contribution margin and operating profit divided by the contribution margin ratio
D. fixed costs divided by contribution margin per unit
The break-even point in sales dollars may be computed as: D. Fixed costs divided by contribution margin per unit.
What is Break-even point?The break-even point is where the companies are successful in recovering their Cost. After this point, the additional unit of sales of the product or service gives the company a profit.
Total Revenue = Total Cost
The formula to Calculate the Break-even point is:
Break even point = Fixed cost/ contribution margin per unit
Therefore, correct option is D. Fixed costs divided by contribution margin per unit.
To know more about Break even point
visit:
https://brainly.com/question/30131998
#SPJ11
Clock skew is a problem for: A) control buses. B) address buses. C) asynchronous buses. D) synchronous buses.
Clock skew is a problem for D) synchronous buses.
In synchronous buses, devices need to use the same clock signal to ensure that data is transferred at the correct time. However, due to differences in the physical characteristics of the bus and other factors, the clock signal can arrive at different times at different devices. This difference in arrival time of the clock signal is called clock skew, and it can cause data to be sampled at the wrong time, resulting in errors.
Therefore, the correct naswer is option D.
You can learn more about clock signal at
https://brainly.com/question/29988409
#SPJ11
Diana purchased a new car for $35,000, she put $4,000 down and financed the rest through a 3-year car loan at 6% APR. What is her monthly car payment?
$589.45
$882.24
$943.08
$654.32
Diana's monthly car payment for a new car is $943.08. Therefore, the correct option is option 3.
To calculate Diana's monthly car payment, we need to follow these steps:1. Calculate the loan amount:
$35,000 (car price) - $4,000 (down payment) = $31,000.
2. Convert the annual interest rate to a monthly rate:
6% (annual rate) / 12 (months) = 0.5%.
3. Convert the percentage to a decimal:
0.5% / 100 = 0.005.
4. Calculate the total number of payments:
3 (years) * 12 (months) = 36 payments.
5. Calculate the monthly payment using the loan payment formula:
P = (L * r * (1 + r)^n) / ((1 + r)^n - 1),
where P is the monthly payment, L is the loan amount, r is the monthly interest rate, and n is the total number of payments.
Applying the formula:
P = ($31,000 * 0.005 * (1 + 0.005)^36) / ((1 + 0.005)^36 - 1)
P ≈ $943.08
So, Diana's monthly car payment is approximately $943.08. Your answer: $943.08.
Learn more about Interest rate:
https://brainly.com/question/25720319
#SPJ11
When the power law is applied to unit costs, unit costs exhibit a(n) __________.Group of answer choiceslinear growthexponential decaydiminishing return growthexponential growth
When the power law is applied to unit costs, unit costs exhibit an exponential decay. Option (B) is correct answer.
The power law states that as a company increases production, unit costs decrease exponentially due to economies of scale. This means that as the company produces more, the fixed costs of production are spread out over a larger number of units, resulting in lower unit costs. This can lead to a cost curve that has a downward slope, with unit costs decreasing at an increasing rate as production increases.
This is because of the economies of scale that come with larger production runs, such as bulk purchasing discounts and lower unit costs for labor and overhead expenses. However, the power law also suggests that there may be a limit to the cost reductions that can be achieved through increased production, at which point the cost savings will taper off and eventually reach an asymptote. This implies that there is a limit to the scale of production that can be economically efficient for a given firm. Correct answer is option (B).
Learn more about exponential decay https://brainly.com/question/27822382
#SPJ11
IPPS-A is the ADS for the Member's SGLI and FSGLI benefits information. (True or False)
True, IPPS-A (Integrated Personnel and Pay System - Army) is the ADS (Automated Data System) for the Member's SGLI (Servicemembers' Group Life Insurance) and FSGLI (Family Servicemembers' Group Life Insurance) benefits information.
The Integrated Personnel and Pay System - Army (IPPS-A) is a modern, web-based human resources system used by the United States Army to manage the personnel and pay records of its soldiers. The system replaces a patchwork of legacy systems and provides soldiers with a single, comprehensive record that can be accessed from anywhere in the world.
IPPS-A is designed to streamline Army HR processes, improve data accuracy, and enhance the soldier experience by providing a user-friendly platform for accessing personnel and pay information.
Visit here to learn more about Life Insurance brainly.com/question/1400638
#SPJ11
When firms purchase new capital we call this?
A. investment spending
B. financial investment
C. a transfer payment
D. saving
When firms purchase new capital, we call this investment spending. The correct option is A.
Investment spending is a component of a country's Gross Domestic Product (GDP) and refers to the purchase of capital goods, such as machinery, equipment, and buildings, that are used in the production of goods and services.
Investment spending is critical to economic growth because it enables firms to expand their production capacity, which leads to increased output and employment. It also drives innovation and technological progress, as new capital goods are often more efficient and productive than older ones.
There are two types of investment spending: fixed investment and inventory investment. Fixed investment refers to the purchase of long-term capital goods, such as machinery and buildings, while inventory investment refers to the purchase of goods that will be held in inventory for future sales.
Investment spending is affected by a variety of factors, including interest rates, business confidence, and government policies. When interest rates are low, firms are more likely to invest because the cost of borrowing is lower. Similarly, when business confidence is high, firms are more likely to invest because they expect future demand for their products to be strong.
Overall, investment spending is a critical component of economic growth and plays a significant role in driving innovation, productivity, and job creation. The correct option is A.
To learn more about investment spending refer here:
https://brainly.com/question/29766778
#SPJ11
Rios Raft Company had the following liabilities. Determine whether each liability would be considered a current liability (CL) or a long-term liability (LTL). CL a. Accounts Payable b. Note Payable due in 3 years c. Salaries Pay Ne d. Note Payable due in 6 months e. Sales Tax Payable Uneamed Revenue due in 8 months 9. Income Tax Payable Choose from any drop-down list and then continue to the next question
Liabilities for Rios Raft Company included the following. Accounts Payable, Notes Payable with a 3-year maturity date, and Salaries Payable d. Payable Note is due in six months e.
What exactly do current liabilities and non-current liabilities mean?Non-current liabilities are those that a company expects to pay off over a longer period of time than current liabilities. On the balance sheet, liabilities are separated into current and non-current categories.
What financial statement entry corresponds to the due income tax?Businesses credit income tax payable and deduct income tax expense in journal entries. In the event that enterprises use the cash method of accounting for both financial and tax reporting, the final journal entries have an equal debit and credit.
To know more about Rios Raft Company visit:-
https://brainly.com/question/30581504
#SPJ1
Liabilities for Rios Raft Company included the following. Accounts Payable, Notes Payable with a 3-year maturity date, and Salaries Payable d. Payable Note is due in six months e.
What exactly do current liabilities and non-current liabilities mean?
Non-current liabilities are those that a company expects to pay off over a longer period of time than current liabilities. On the balance sheet, liabilities are separated into current and non-current categories.
What financial statement entry corresponds to the due income tax?
Businesses credit income tax payable and deduct income tax expense in journal entries. In the event that enterprises use the cash method of accounting for both financial and tax reporting, the final journal entries have an equal debit and credit.
To know more about Rios Raft Company visit:-
https://brainly.com/question/30532251
#SPJ1
A company has 2,200 customers they extend credit to, how many accounts receivable will they have on their books?
The total amount of accounts receivable will depend on the credit terms extended to each customer and the timing of their payments.
Without knowing the average amount of credit extended to each customer, it is difficult to provide an exact number of accounts receivable. However, we can assume that the company will have at least 2,200 accounts receivable on their books, as each customer will likely have an outstanding balance that the company is waiting to receive payment for. The total amount of accounts receivable will depend on the credit terms extended to each customer and the timing of their payments.
Learn more about credit terms here
https://brainly.com/question/31368352
#SPJ11
At the end of 2021, Safer Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25.000. On January 24,2022. it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,300 (a) Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (b) What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value $
The cash realizable value of the accounts receivable is also $675,000 because the write-off does not affect the total amount of accounts receivable or allowance for doubtful accounts.
Is bad debt expense debited under the allowance method of accounting for uncollectible accounts?Explanation: Under the allowance method bad debt expense is estimated and accrued at the time of the related sale. When an account is actually written off the allowance for doubtful accounts is debited and the accounts receivable is credited.
How to calculate the provision for doubtful debts 5% on debtors?The amount of provision for Doubtful Debts is calculated by debiting the amount of further Bad Debts from debtors and calculating the given percentage of provision on remaining debtors.
To know more about allowance visit:
https://brainly.com/question/29043310
#SPJ1
Janice purchases large pieces of furniture for customers in her interior design business. How can she protect herself from customers not paying for the expenses she incurs on their behalf?
Answer:
A. Create an estimate for the customer when the furniture is purchased.
B. Invoice the customers for a deposit before the furniture is purchased.
C. Create a progress invoice and include the furniture as an item on it.
D. Enter a bill for the furniture and mark it as billable.
B. Invoice the customers for a deposit before the furniture is purchased.
Janice can protect herself from customers not paying for the expenses she incurs on their behalf by invoicing them for a deposit before purchasing the furniture. This will ensure that the customer has some skin in the game and is committed to paying for the expenses. Additionally, Janice can also create a clear contract or agreement with the customer that outlines the terms of the purchase, including payment schedules and consequences for non-payment. By taking these steps, Janice can minimize the risk of financial losses and maintain a healthy cash flow for her business.
Learn more about customers here:
https://brainly.com/question/13472502
#SPJ11
B. Invoice the customers for a deposit before the furniture is purchased.
Janice can protect herself from customers not paying for the expenses she incurs on their behalf by invoicing them for a deposit before purchasing the furniture. This will ensure that the customer has some skin in the game and is committed to paying for the expenses. Additionally, Janice can also create a clear contract or agreement with the customer that outlines the terms of the purchase, including payment schedules and consequences for non-payment. By taking these steps, Janice can minimize the risk of financial losses and maintain a healthy cash flow for her business.
Learn more about customers here:
https://brainly.com/question/13472502
#SPJ11
our company has sold an operating plant for $5 million at neither a gain nor a loss. Given the basic accounting equation what will the result of this transaction be. a) The assets of the company will increase. b) The liabilities of the company will increase. c) The liabilities of the company may decrease. d) The assets of the company will stay the same. e) A & C only.
The correct answer is d) The assets of the company will stay the same. Since the company sold an operating plant for $5 million at neither a gain nor a loss, the transaction does not affect the total assets of the company.
The cash received from the sale will increase the cash balance on the asset side, but this will be offset by the decrease in the value of the plant on the asset side. Therefore, the assets of the company will remain the same. The transaction does not affect the liabilities of the company.
Your answer: d) The assets of the company will stay the same.
Since the operating plant was sold for $5 million at neither a gain nor a loss, this means the value of the asset was also $5 million. In this transaction, the company has exchanged one asset (the operating plant) for another asset (cash) of equal value. Thus, the overall assets of the company remain the same.
Learn more about assets here:
https://brainly.com/question/13848560
#SPJ11
If the United States experiences an inflationary episode in which prices of goods and services to up faster than incomes, budget lines for U.S. consumers will:
a. shift outward
b. pivot outward
c. pivot inward
d. shift inward
pivot inward
If the United States experiences an inflationary episode in which prices of goods and services go up faster than incomes, budget lines for U.S. consumers will pivot inward. This means that the number of goods and services that consumers can afford will decrease, as their purchasing power decreases due to the increase in prices. It is important to note that a shift outward or pivot outward would indicate an increase in purchasing power, which is not the case during an inflationary episode. A pivot point is a technical analysis calculation or indicator, that helps to identify the market's general direction across a range of time frames. The pivot point itself is just the average of the high and low prices for the current trading day and the preceding trading day's closing price.
Learn more about "pivot" https://brainly.com/question/27813971
#SPJ11
A statistic has a sampliing distribution that is somewhat skewed. The mean is 17, median is 15, and quartiles are 13 and 19. A - if the population paramter is 15, is the estimator unbiased? B- If the population parameter is 17, is the estimator unbiased? C- if the population paramter is 16, is the estimator unbiased? D - write a shortsummary of your results in parts a, b and c and include a discussion of bias and unbiased estimators
A) If the population parameter is 15, the estimator is biased. This is because the mean of the sampling distribution is larger than the population parameter, indicating that the estimator tends to overestimate the population parameter.
B) If the population parameter is 17,
the estimator is unbiased. This is because the mean of the sampling distribution is equal to the population parameter,
indicating that the estimator produces accurate estimates.
C) If the population parameter is 16,
it is difficult to determine if the estimator is biased or unbiased based on the information given.
However,
since the median is lower than the population parameter, it is possible that the estimator is biased.
In summary,
an unbiased estimator produces estimates that are, on average, equal to the population parameter.
Bias refers to the tendency of an estimator to consistently overestimate or underestimate the population parameter.
In part A, the estimator is biased because it tends to overestimate the population parameter.
In part B, the estimator is unbiased because it produces accurate estimates.
In part C, it is unclear whether the estimator is biased or unbiased.
To know more about population parameter, click here:
https://brainly.com/question/30689789
#SPJ11
One attendee remembered McFarland standing atop a table frantically yelling instructions at the crowd. If the crowd was not able to understand McFarland's instructions because they could not hear him, it is most likely because of____ in the communications process. Multiple Choice semantic noise physiological noise psychological noise echoing noise physical noise communication
It is most likely due to a breakdown in the communications process if the crowd was unable to comprehend McFarland's instructions because they could not hear him.
What is communications process?There are four essential parts to the communication process. Encoding, transmission medium, decoding, and feedback are some of these components. Two other components are involved in the process, and they take the form of the transmitter and the recipient. There are a few typical tasks that both the sender and the receiver must finish in order to have good communication. The communication process consists of seven crucial steps: sender or source, encoding, message, medium or channel, decoding, receiver, feedback, and noise.
To learn more about communication process click,
https://brainly.com/question/28319466
#SPJ1
Which of the following statements is true?
1). A due care defense is a primary defense against tort actions just as it constitutes a contributory negligence defense.
2) In the legal defense the defendant must establish that the plaintiff’s loss resulted in whole or in part from causes other than the false or misleading statements.
A. 2 only
B. Both 1 and 2
C. 1 only
D. Neither
The correct answer is A. 2 only.
In the legal defense, the defendant must establish that the plaintiff’s loss resulted in whole or in part from causes other than false or misleading statements. This is because a due care defense is not a primary defense against tort actions; it is a negligence defense, and it does not constitute a contributory negligence defense.
When a plaintiff argues that they experienced harm or loss as a result of relying on the defendant's false or misleading statement, the defendant may argue that the plaintiff's loss was caused by other circumstances rather than the false or misleading statement. This is referred to as the loss causation defence.
To prevail on the loss causation defence, the defendant must demonstrate that the plaintiff's loss was caused by circumstances other than the false or misleading statement, or that the plaintiff would have incurred the same loss even if the statement had been genuine. The defendant may claim that the plaintiff's loss was the result of market forces, economic conditions, or other causes outside the defendant's control.
Learn more about legal defense: https://brainly.com/question/27348603
#SPJ11
The correct answer is A. 2 only.
In the legal defense, the defendant must establish that the plaintiff’s loss resulted in whole or in part from causes other than false or misleading statements. This is because a due care defense is not a primary defense against tort actions; it is a negligence defense, and it does not constitute a contributory negligence defense.
When a plaintiff argues that they experienced harm or loss as a result of relying on the defendant's false or misleading statement, the defendant may argue that the plaintiff's loss was caused by other circumstances rather than the false or misleading statement. This is referred to as the loss causation defence.
To prevail on the loss causation defence, the defendant must demonstrate that the plaintiff's loss was caused by circumstances other than the false or misleading statement, or that the plaintiff would have incurred the same loss even if the statement had been genuine. The defendant may claim that the plaintiff's loss was the result of market forces, economic conditions, or other causes outside the defendant's control.
Learn more about legal defense: https://brainly.com/question/27348603
#SPJ11
Under estimating production levels will likely lead to: a) Unfavorable flexible budget variances b) Favorable flexible budget variances c) Unfavorable static budgets variances d) Favorable static budget variances e) None of the abov
Underestimating production levels will likely lead to unfavourable flexible budget variances. This is because a flexible budget adjusts to the actual production levels achieved, and if production levels are underestimated, the budget will not account for the additional costs that will be incurred to produce more units. As a result, actual costs will be higher than budgeted costs, resulting in unfavourable variances. It is important to accurately estimate production levels when creating a budget to avoid such variances.
https://brainly.com/question/31485820
#SPJ11
A firm using a two-part tariff can produce the economically efficient outcome by A) setting the fixed-fee portion of the price at some proportion to the fixed cost of production.
B) making the fixed-fee portion of the price as low as possible. C) setting the per-unit portion of the price equal to the average cost of production. D) setting the per-unit portion of the price equal to the marginal cost of production.
A firm using a two-part tariff can produce the economically efficient outcome by setting the per-unit portion of the price equal to the marginal cost of production. The answer is OPTION D
Consumers are charged both an admission fee (fixed price) and a use cost (per-unit price) under two-part pricing (also known as two-part tariff). A phone contract with a fixed monthly fee and a minute-by-minute use fee is an illustration of two-part pricing.
Since it allows producers to sell more product and capture more consumer surplus (or, more precisely, producer surplus that would otherwise be consumer surplus), a two-part tariff will typically be more profitable than monopoly pricing in most situations. The answer is OPTION D
To learn more about tariff, click here.
https://brainly.com/question/29775921
#SPJ4
prepare the contribution margin income statement at the calculated sales level. edger drycleaners contribution margin income statement
The resulting contribution margin can then be used to cover fixed costs and generate a profit. In the case of Edger Drycleaners, the statement provides a snapshot of the company's financial performance at the calculated sales level, taking into account both variable and fixed costs.
Sure, here is the contribution margin income statement for Edger Drycleaners at the calculated sales level:
Edger Drycleaners Contribution Margin Income Statement
Total Sales: [insert calculated sales level]
Sales Revenue: [insert calculated sales revenue]
Variable Costs: [insert total variable costs, including labor, materials, etc.]
Contribution Margin: [insert contribution margin, calculated as sales revenue minus variable costs]
Fixed Costs: [insert total fixed costs, including rent, utilities, etc.]
Net Income Before Taxes: [insert net income before taxes, calculated as contribution margin minus fixed costs]
Taxes: [insert tax rate and calculate taxes owed]
Net Income After Taxes: [insert net income after taxes, calculated as net income before taxes minus taxes owed]
Overall, the contribution margin income statement shows how much revenue is generated from sales, minus the variable costs incurred to produce those sales. The resulting contribution margin can then be used to cover fixed costs and generate a profit. In the case of Edger Drycleaners, the statement provides a snapshot of the company's financial performance at the calculated sales level, taking into account both variable and fixed costs.
Learn more about Drycleaners here
https://brainly.com/question/16607826
#SPJ11
Anna works as a cashier at Raney’s Pet Supply. Her manager has set the daily sales quota at $3,000 which includes upselling their grooming services. This is an example of which type of goal?Multiple Choicebehavioralobjectivetaskprojectprocedural
If her manager set the day sales goal at $3,000, upselling their grooming services is part of the goal. This is an illustration of an objective goal.
What does upselling mean in plain English?Upselling is a sales strategy where clients are persuaded to spend more money on an upgraded or premium version of the product they were initially planning to purchase. By selling a package with extra rooms, a housekeeping service could upsell a customer who has purchased a weekly cleaning plan.
How Do Sales Objectives Work?Sales reps and teams employ sales goals, which are measurable objectives, to direct them in their daily sales efforts and assist them in making broad strategic decisions. KPIs and certain sales indicators are typically the foundation for sales targets.
To learn more about upselling visit:
brainly.com/question/28869850
#SPJ1
Anna works as a cashier at Raney’s Pet Supply. Her manager has set the daily sales quota at $3,000 which includes upselling their grooming services. This is an example of which type of goal? Multiple Choice:
(a)behavioral
(b)objective task
(c)project
(d)procedural
TOMS Shoes in 2016: An Ongoing Dedication to Social Responsibility Margaret A Peteraf Tuck School of Business at Dartmouth Sean Zhang and Meghan L Cooney Research Assistants, Dartmouth College
Assignment Questions
5. What evidence suggests whether TOMS shoes strategy is working? Does it have a competitive advantage? Is its financial performance improving or declining?
6. What strategic issues should TOMS shoes management and investors be most concerned with? Are there possible improvements to its competitive strategy? Are there internal weaknesses or external threats to its well-being that must be addressed?
To determine if TOMS Shoes' strategy is working, one should examine evidence of competitive advantage and financial performance. A competitive advantage could be seen through factors such as brand recognition, customer loyalty, and the unique "One for One" business model. To assess financial performance, look at indicators like revenue growth, profitability, and market share over time.
A competitive advantage for TOMS Shoes may come from its strong social responsibility commitment, which resonates with consumers and differentiates the brand. However, financial performance would provide a more concrete picture of the strategy's effectiveness. If financial performance is improving, it suggests that the strategy is working; if it is declining, the strategy may need to be re-evaluated.
6. TOMS Shoes management and investors should be most concerned with strategic issues such as market saturation, increasing competition, and potential changes in consumer preferences. They should also consider improvements to its competitive strategy, such as product diversification or expanding the "One for One" model to include more social initiatives.
Internal weaknesses that need to be addressed might include supply chain management or cost structure, while external threats could involve changes in regulations or economic conditions. By addressing these strategic issues and potential weaknesses or threats, TOMS Shoes can better ensure its long-term success and continued dedication to social responsibility.
To know more about competitive advantage visit : https://brainly.com/question/31367489
#SPJ11
When consumers prefer and insist upon buying Dell products, they're demonstrating brand loyalty.
False
True
True. When consumers prefer and insist upon buying Dell products, they're demonstrating brand loyalty.
Brand loyalty is a term used to describe consumers' preference for a particular brand and their willingness to continue buying products from that brand. It is often the result of a positive experience with the brand, good quality products, and customer service. It can also be influenced by brand reputation, advertising, and word-of-mouth recommendations from friends or family. A consumer who prefers and insists upon buying Dell products is demonstrating brand loyalty towards Dell. Therefore, the statement "When consumers prefer and insist upon buying Dell products, they're demonstrating brand loyalty" is true.
Learn more about willingness here:https://brainly.com/question/14816216
#SPJ11
All of the following are psychological influences except _____.
perception
reference groups
attitudes
personality
The correct answer is "reference groups."All of the following are psychological influences except _____.
Psychological influences refer to factors that affect an individual's behavior, thoughts, and emotions. Perception, attitudes, and personality are all examples of psychological influences that can impact an individual's behavior. Perception refers to how we interpret and make sense of the information we receive from our environment. Attitudes are our positive or negative feelings towards something, which can affect our behavior towards it. Personality is a set of characteristics and traits that shape an individual's behavior.
On the other hand, reference groups are social influences, not psychological influences. Reference groups are the groups that individuals use as a basis for comparison in forming their own attitudes and behavior. They include family, friends, coworkers, and other groups that are important to an individual. Reference groups can have a significant impact on an individual's behavior, but they are not considered psychological influences.
Learn more about psychological here:
https://brainly.com/question/31538247
#SPJ11
What is the name of a short rally of several days up to two weeks following the initial bottom from a sharp news event sell-off? a. Reversal b. Spike C. Dead Cat Bounce d. Exhaustion Gap
The name of a short rally of several days up to two weeks following the initial bottom from a sharp news event sell-off is option a. "Dead Cat Bounce".
Dead Cat Bounce refers to a temporary recovery in the market that is often followed by a further sell-off, similar to the way a dead cat might bounce once before falling to the ground. A spike, on the other hand, refers to a sudden and sharp increase in price or volume, while a temporary recover is a brief period of improvement before returning to previous levels. An exhaustion gap is a gap in the market caused by an increase in trading activity that eventually leads to a decrease in volume and a return to normal levels.
To know more about the gap in the market:
https://brainly.com/question/31479924
#SPJ11
A stock sells for $21.38 a share and has a required return of 8 percent. Dividends are paid annually and increase at a constant 3.5 percent per year. What is the amount of the last dividend paid? a. $0.63 b. $0.46 c. $0.59 d. $0.50 e. $0.93
The amount of the last dividend paid (D0) is $1.65, which is closest to answer choice c. $0.59.
To solve this problem, we need to use the dividend discount model formula:
D1 = D0 x (1 + g)
Where:
D1 = the next dividend payment
D0 = the last dividend payment
g = the constant growth rate of dividends
We know that the stock sells for $21.38 a share and has a required return of 8 percent. This means that the dividend yield is:
Dividend yield = D1 / Price
0.08 = D1 / $21.38
D1 = $1.71
We also know that the dividends increase at a constant 3.5 percent per year. This means that:
D1 = D0 x (1 + g)
$1.71 = D0 x (1 + 0.035)
D0 = $1.71 / 1.035
D0 = $1.65
Therefore, the amount of the last dividend paid (D0) is $1.65, which is closest to answer choice c. $0.59.
Learn more about dividend paid here
https://brainly.com/question/27892898
#SPJ11
Exercise 9.3 (Algo) Recording the establishment and replenishment of a petty cash fund. LO 9-2 On January 2, 20X1, Jasmine's Beauty Supplies Inc. Issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $44; Delivery Expense, $85, and Miscellaneous Expense, $20. Required: Indicate how these transactions would be recorded in a general Journal. View transaction list Journal entry worksheet < 1 2 > Record the entry for Check 3100 for $300 to establish a petty cash fund
Supplies Expense (Debit) $44 Delivery Expense (Debit) $85 Miscellaneous Expense (Debit) $20 Cash (Credit) $149 Description: Issued Check 3159 to replenish the petty cash fund, analyzing the fund's payments for expenses.
Date: January 2, 20X1
Account Title | Debit | Credit
--- | --- | ---
Petty Cash Fund | $300 |
Cash | | $300
Explanation: This journal entry records the establishment of a petty cash fund by Jasmine's Beauty Supplies Inc. A check for $300 was issued to set up the fund, which means that the company's cash account decreases by $300 while the petty cash fund account increases by $300.
Record the entry for Check 3159 issued to replenish the petty cash fund
Date: January 31, 20X1
Account Title | Debit | Credit
--- | --- | ---
Supplies Expense | $44 |
Delivery Expense | $85 |
Miscellaneous Expense | $20 |
Petty Cash Fund | | $149
Explanation: This journal entry records the replenishment of the petty cash fund. Check 3159 was issued to replenish the fund with $149, which is the total of the expenses paid out of the fund. The expenses are recorded as debits to their respective expense accounts, while the credit goes to the petty cash fund account to restore it to its original balance.
Note: The total of the debits ($44 + $85 + $20) equals $149, which is the amount credited to the petty cash fund. This ensures that the accounts are in balance.
Learn more about Expense here:
https://brainly.com/question/29842871?
#SPJ11
Green Moose Industries Inc. Is analyzing a project with the following cash flows: Year Cash Flow Year 0 -$680,000 Year 1 $300,000 Year 2 $550,000 Year 3 $660,000 Year 4 $440,000 This project has ______ cash flows. Green Moose Industries's WACC is 6.00%. Calculate this project's modified internal rate of return (MIRR). a. 6.36% b. 6.00% c. 5.36% d. 5.09%
Green Moose Industries Inc. is analyzing a project with the following cash flows: Year Cash Flow Year 0 -$680,000 Year 1 $300,000 Year 2 $550,000 Year 3 $660,000 Year 4 $440,000. This project has 5 cash flows.
To calculate the modified internal rate of return (MIRR), we need to first calculate the future value (FV) of all positive cash flows using the company's weighted average cost of capital (WACC) of 6.00%.
FV of Year 1 cash flow = $300,000/(1+0.06)^1 = $283,018.87
FV of Year 2 cash flow = $550,000/(1+0.06)^2 = $474,187.28
FV of Year 3 cash flow = $660,000/(1+0.06)^3 = $754,026.21
FV of Year 4 cash flow = $440,000/(1+0.06)^4 = $539,071.08
Next, we need to calculate the present value (PV) of all negative cash flows using the same WACC.
PV of Year 0 cash flow = -$680,000
Finally, we can use the MIRR formula, which takes into account both the PV of negative cash flows and the FV of positive cash flows, to calculate the project's MIRR:
MIRR = ((FV of positive cash flows / PV of negative cash flows)^(1/n)) - 1
MIRR = (($283,018.87 + $474,187.28 + $754,026.21 + $539,071.08) / $680,000)^(1/5) - 1
MIRR = 0.0636 or 6.36%
Therefore, the answer is a. 6.36%.
learn more about cash flows here:
https://brainly.com/question/29768594
#SPJ11
Comparing credit and debit cards. Samuel Ramirez is trying to decide whether to apply for a credit card or a debit card. He has $8,500 in a savings account at the bank and spends his money frugally. What advice would you have for Samuel? Describe the benefits and drawbacks of each type of card.
Samuel should consider a debit card due to his frugal spending and existing savings.
Debit cards offer better control over spending, while credit cards may lead to potential debt and interest charges. Both options have their benefits and drawbacks.
Debit cards allow Samuel to spend only the money he has in his bank account, providing better control over his finances. This helps avoid overspending and accumulating debt. Additionally, debit cards often come with fewer fees compared to credit cards.
However, credit cards can offer benefits such as reward programs, purchase protection, and building credit history. They can also provide short-term borrowing options in case of emergencies. Drawbacks include the potential for accumulating debt and paying interest if the balance is not paid in full each month.
In conclusion, since Samuel is frugal and has a sizeable savings account, a debit card might be the better choice for him to manage his finances effectively without the risk of overspending and incurring interest charges.
To know more about savings account click on below link:
https://brainly.com/question/3970927#
#SPJ11