Answer:
Advantage: Variety
Disadvantage: Poor work conditions
Explanation:
four problems associated with money
Answer:
Hmm.
Explanation:
Problems making ends meet
Accumulating too much debt.
Making poor purchasing and investing decisions.
Being unable to enjoy money.
(Source; USATODAY.com)
Oriole’s Electronic Repair Shop started the year with total assets of $300000 and total liabilities of $208000. During the year, the business recorded $523000 in electronic repair revenues, $319000 in expenses, and Oriole withdrew $49300. Oriole's Owner’s Capital balance changed by what amount from the beginning of the year to the end of the year?
Answer:
$154,700
Explanation:
The computation of the change in amount is shown below
But before that first find out the ending capital balance which is
= (Total assets - total liabilities) + (revenues - expenses) - drawings
= ($300,000 - $208,000) + ($523,000 - $319,000) - $49,300
= $92,000 + $204,000 - $49,300
= $92,000 + $154,700
= $246,700
Now the change in capital balance is
= Closing balance - opening balance
= $246,700 - $92,000
= $154,700
Which of the following statements about the balance sheet are true? (Select all that apply.)Check All That ApplyA classified balance sheet to provide useful information about liquidity and long-term solvency.A classified balance sheet to provide useful information about liquidity and long-term solvency.Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.Although many valuable resources are not recorded as assets in the balance sheet, these resources are reflected in the company’s book value.Although many valuable resources are not recorded as assets in the balance sheet, these resources are reflected in the company’s book value.The less financial flexibility, the more risk there is that an enterprise will fail.The less financial flexibility, the more risk there is that an enterprise will fail.
Answer:
These statements are true:
Classified balance sheet to provide useful information about liquidity and long-term solvency.
From balance sheet information, liquidity financial ratios can be made, like current ratio (current assets / current liabiliies), or the acid test (Current assets - inventory / current liabilities).
Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.
Liquidity can be defined as the amount of liquid assets that a company has. Liquid assets are those that can be easily sold and bought in the market without a loss of value. Cash, and cash equivalents are the most important liquid accounts. If a firm has a lot of cash, it is likely to have enough liquidity to pay off its debts in the future.
The other two statements are wrong.
why more and more services are being developed by businesses today?
Answer:
because they need money
Explanation:
they need money because of the plague
The DUPONT model is useful when examining bank performance because:Select one:a. The ROA equals ROE times Leverage Multiplier.b. The net margin equals the asset utilisation.c. Banks have a similar financial structure as non-finance firms.d. Banks hold a lot of debt and have a small mark up, and the DuPont illustrates this relationship.
Answer:
d. Banks hold a lot of debt and have a small mark up, and the DuPont illustrates this relationship.
Explanation:
The Dupont model is basically a more complex return on equity (ROE) analysis. It breaks down ROE using net profit, asset turnover and equity multiplier (or financial leverage) to focus on the financial performance of businesses.
ROE = profit margin x asset turnover x financial leverage
When firms have higher financial leverage, ROE will increase, but risk will also increase, resulting in higher cost of equity.
Banks tend to have a much higher financial leverage than most companies since their business is to take deposits (liabilities) and then make loans to other clients (assets). E.g. commercial banks on average have a debt to equity ratio of 2, while investment banks have a D/E ratio of 3 or more. That means that for every $1 of equity, investment banks have $3 of debt.
The Dupont analysis is useful for understanding whether a company's performance is based on its efficiency (high profit margin or asset turnover) or its financial leverage. If a high ROE is based solely on a high financial leverage, then the company is considered a risky investment.
Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company’s monthly fixed expense is $32,250. Required: 1. Calculate the unit sales needed to attain a target profit of $8,000. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole number.)
Answer and Explanation:
1. The computation of the unit sales is shown below:
As we know that
Unit sales to attain the desired profit is
= (Fixed cost + desired profit) ÷ contribution margin per unit
= ($32,250 + $8,000) ÷ ($140 - $70)
= 575 units
2. And, the units sales is
Before this first determine the contribution margin ratio which is
Contribution margin ratio = Contribution margin ÷ sales × 100
= $70 ÷ $140 × 100
= 50%
now the dollar sales is
= (Fixed cost + desired profit) ÷ contribution margin ratio
= ($32,250 + $8,700) ÷ 50%
= $81,900
The unit sales is 575 units and dollar sales is $81,900.
Given that,
Selling price of single product is $140.Variable expense per unit is $70.Monthly fixed expense is $32,250.1. Unit sales to attain target profit of $8,000.
Unit sales = ($32,250 + $8,000) [tex]\div[/tex] ($140 - $70)
= 575 units
2. Dollar sales to attain target profit of $8,700.
Dollar sales = (Fixed cost + Profit) [tex]\div[/tex] Contribution Margin Ratio
= [[tex]($32,250 + 8,700)[/tex] [tex]\div[/tex] ([tex]70[/tex][tex]\div[/tex][tex]\frac{140}{100}[/tex])]
= $81,900
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When considering marketing's place in the economy, what is the most important role the marketing function plays?
A. Bringing products to market.
B. Creating value for customers.
C. Contributing to shareholder wealth.
D. Employing a workforce.
Answer:
B. Creating value for customers.
Explanation:
Marketing is all about building values for customers. Its about creating customer relationships which are profit generating. Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs. Thus marketing is the bridge which connects the brand with the customers perceived value of the brand. It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition. Thus, the most important role that marketing plays in the economy is Creating Value for Customers.
When the current price of an item is greater than the item's market clearing price:_________.
A) supply is greater than demand.
B) demand is greater than supply.
C) quantity supplied is greater than quantity demanded.
D) quantity supplied is less than quantity demanded.
Answer:
C) quantity supplied is greater than the quantity demanded.
Explanation:
We need not be confused, the market-clearing price is referring to the equilibrium price. Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the quantity supplied is greater than the quantity demanded of the item.
For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.
A partial listing of costs incurred at Gilhooly Corporation during September appears below: Direct materials $ 162,000 Utilities, factory $ 11,000 Administrative salaries $ 104,000 Indirect labor $ 30,000 Sales commissions $ 59,000 Depreciation of production equipment $ 51,000 Depreciation of administrative equipment $ 35,000 Direct labor $ 119,000 Advertising $ 66,000 The total of the manufacturing overhead costs listed above for September is:
Answer:
Manufacturing overhead= $96,000
Explanation:
Giving the following information:
Utilities, factory $ 11,000
Indirect labor $ 30,000
Depreciation of production equipment $ 51,000
The manufacturing overhead includes all indirect costs regarding production.
Manufacturing overhead= 11,000 + 30,000 + 51,000
Manufacturing overhead= $96,000
Value of Equity after Recapitalization Nichols Corporation's value of operations is equal to $500 million after a recapitalization (the firm had no debt before the recap). It raised $300 million in new debt and used this to buy back stock. Nichols had no short-term investments before or after the recap. After the recap, wd = 60%. What is S (the value of equity after the recap)? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to the nearest whole number. $ million
Answer:
$300 million
Explanation:
Computation of S the value of equity after the recap
First step is to find the Value of debt using this formula
Value of debt = (New Debt / WD) - Value of Debt
Let plug in the formula
Value of debt = [$300 million / 0.60] - $300 million
Value of debt =500 million -$300 million
Value of debt =$200 million
Second step is to calculate for the Value of equity using this formula
Value of equity = Total market value - Value of debt
Let plug in the formula
Value of equity= $500 million - $200 million
Value of equity = $300 million
Therefore S the value of equity after the recap will be $300 million.
When a salesperson asks for the sale, he or she is trying to:_________.
Answer:
Close the sale.
Explanation:
When a salesperson asks for the sale, he or she is trying to close the sale. In sales and marketing, the term closing with respect to a sales can be defined as the process of making a business sale successful such as through the exchange of money for a particular product or goods.
For a salesperson to be able to close a sales, he or she require abilities such as courage, negotiation skills, listening ears and interpersonal skills to do so or achieve a successful sales.
Discuss and Implement the Customer Value-Driven Marketing Strategy in current market of Pakistan. Apply each concept with 3 examples. (200 words )
subject marketing.
Answer:
haha and healthy
Presented below are the basic assumptions and principles underlying financial statements. a. Historical cost principle d. Going concern assumption b. Economic entity assumption e. Monetary unit assumption c. Full disclosure principle f. Periodicity assumption Identify the basic assumption or principle that is described below. 1. The economic life of a business can be divided into artificial time periods. select a key letter 2. The business will continue in operation long enough to carry out its existing objectives. select a key letter 3. Assets should be recorded at their acquisition cost. select a key letter 4. Economic events can be identified with a particular unit of accountability. select a key letter 5. Circumstances and events that could make a difference to financial statement users should be disclosed. select a key letter 6. Only transaction data that can be expressed in terms of money should be included in the accounting records.
Answer:
1. Periodicity assumption.
2. Going concern assumption.
3. Historical cost principle.
4. Economic entity assumption.
5. Full disclosure principle.
6. Monetary unit assumption.
Explanation:
1. Periodicity assumption: The economic life of a business can be divided into artificial time periods. It is also known as the Time period assumption.
2. Going concern assumption: The business will continue in operation long enough to carry out its existing objectives.
3. Historical cost principle: Assets should be recorded at their acquisition cost.
4. Economic entity assumption: Economic events can be identified with a particular unit of accountability.
5. Full disclosure principle: Circumstances and events that could make a difference to financial statement users should be disclosed.
6. Monetary unit assumption: Only transaction data that can be expressed in terms of money should be included in the accounting records.
Consider the following cost structures for three oil producers: Fossils R Us Green House Oils Shale Ale Plant and property $900,000 $1,500,000 $1,000,000 Extraction costs (per barrel) $45 $31 $40 Capacity per day 100,000 barrels 140,000 barrels 80,000 barrels If the price for a barrel of oil is currently $42, what is the amount of barrels produced by these suppliers?
Answer:
220,000 barrels per day
Explanation:
Fossils R Us Green House Oils Shale Ale
Plant and property $900,000 $1,500,000 $1,000,000
Extraction costs $45 $31 $40
(per barrel)
Capacity per day 100,000 barrels 140,000 barrels 80,000 barrels
In the short run, companies will continue to operate as long as the selling price is higher than the variable production costs, i.e. marginal revenue ≥ marginal costs. In this case, if the price of oil is $42 per barrel, only Green House Oils and Shale Ale will continue to operate since their production costs are lower than the selling price. Total production = 140,000 + 80,000 = 220,000 barrels
Henry, who is not a dependent, states he wishes to claim EITC this year for his 35-year-old dependent child. Both reside in the U.S. Henry states that the child lives with Henry, is not married, is disabled, and has not worked during the year. What does Henry's tax preparer need to do to determine if the child can qualify Henry for EITC
Answer:
in order for Henry's child to qualify as a dependent, the following requisites must be met:
since the child is disabled, there is no age limit, but he/she must live with Henry and Henry must pay for at least half of his/her expensesthe disability must be permanent and total (a letter from a doctor, social service worker, or social service agency that provides proof of this is requiredthe child must be Henry's son or daughter, or legally adopted childHenry must have earned income (i.e. Henry must work)Henry's investment income (besides earned income) must be less than $3,650 during the last yearHenry must file as single filer or head of householdHenry must not have received foreign income
5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
push/pull boundary and two process each in the push and pull phases.
Answer:
1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers
2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.
Processes in pull strategy:
1. Shipping
2. Order fulfilment
Processes in push strategy:
1. Stock replenishment
2. Production
Read the claim.
The tests for becoming a licensed driver seem unreasonably difficult;
What is the best counterclaim to complete the statement?
A. however, there is both a written and a driving portion of the test.
B. however, learner’s permits are issued at age 15 in most states.
C. however, drivers are unable to answer questions about road safety.
D. however, tougher requirements produce more prepared drivers.
Answer:D. However, tougher requirements produce more prepared drivers
Explanation:
I took the quiz
Answer:
Its D
Explanation:
Have a nice day
Maria wants to start a new business in collaboration with her husband and brother-in-law. The features she is looking for in the business are as follows: least possible regulatory controls, faster decision making, and ease of organization. She also wants a business in which she will not be forced to pay off any business debts from her personal assets. Which type of business ownership will be best suited to her needs? Question 1 options: A) C corporation B) Limited partnership C) S corporation D) General partnership E) Sole proprietorship pdf
Answer:
B) Limited partnership
Explanation:
Limited partnership is one where the partners involved are liable only to the extent to which they contributed to the partnership.
Also some partners only contribute financially. That means they shielded to the extent of their contribution.
In this type of partnership there is least possible regulatory controls, faster decision making, and ease of organisation because partners actually involved in running the business are few or only one person.
It also has the advantage of being a business in which the active partner will not be forced to pay off any business debts from their personal assets.
A. Monique balls is paid an hourly rate of $17.63 for a regular time work. What will her time and a half hourly rate for overtime work?
B. What will be her double-time hourly pay rate for overtime?
Vaughn Manufacturing reported net income of $1.5 million in 2017. Depreciation for the year was $153.008, accounts decreased $343,900, and accounts payable decreased $282,900 sige eg 15,000 orb,pare thesis eg.
Compute net cash provided by operating activities using the indirect approach (Show amounts that decrease cash flow with either.
Answer:
..................................................Vaughn Manufacturing.......................................
Cash flows from operating activities 2017
Net Income.........................................................................$1,500,000
Adjustments to reconcile net income to Net Cash provided by Operating Activities
Add Decrease in Accounts Receivable .........$343,900
Less Decrease in Accounts Payable.............$(282,900)
Add Depreciation.............................................$153,000....$214,000
Net cash provided by Operating Activities........................$1,714,000
After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and paid qualified higher education expenses for her daughter in the amount of $3,000. How much interest will Donna be required to include in her gross income this year
Answer:
$1,000
Explanation:
Donna purchased series of savings bond for $2,500 at the age of 25
This year Donna redeemed the bond of $5,000
She paid $3,000 as expenses for her daughter education
The first step is the calculate the interest income
= $3,000/$5,000 × $2,500
= 0.6 × $2500
= $1,500
Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows
= $2,500-$1,500
= $1,000
Hence Donna is required to include an interest of $1,000 in her gross income this year
Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat's annual sales are $3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. Alumbat's current times interest earned ratio is:
Answer: 5.0
Explanation:
Times interest earned ratio = Earnings before Interest and Tax / interest
Interest = 800,000 * 10%
= $80,000
Net Income = 6% of sales
= 6% * 3,200,000
= $192,000
Taxes are accounted for already so to get the taxable income;
Earnings before tax = 192,000 / ( 1 - Tax rate)
= 192,000 / ( 1 - 0.4)
= $320,000
Earnings before Interest and Tax = 320,000 + 80,000
= $400,000
Times interest earned ratio = 400,000/80,000
= 5.0
The understatement of the beginning inventory balance causes:__________.
A) Cost of goods sold to be understated and net income to be understated
B) Cost of goods sold to be overstated and net income to be understated
C) Cost of goods sold to be overstated and net income to be correct
D) Cost of goods sold to be understated and net income to be overstated
E) Cost of goods sold to be overstated and net income to be overstated
Answer:
D) Cost of goods sold to be understated and net income to be overstated
Explanation:
At the time when the beginning balance of the inventory is understated so there is a decrement in the cost of goods sold due to which there is a rise in the net income
Therefore in the given case at the time when there is an understatement of beginning inventory so there is a understated of cost of goods sold and the overstated of the net income
Hence, the option D is correct
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. Accounts Balances Equipment $ 26,000 Accounts payable 3,000 Salaries expense 33,000 Common stock 11,000 Land 18,000 Notes payable 20,000 Service revenue 39,000 Cash 6,000 Retained earnings ? Required: Use only the appropriate accounts to prepare a balance sheet.
Answer:
Please see balance sheet below.
Explanation:
Wolfpack construction balance sheet.
Dec 31
Assets $
Cash 6,000
Land 18,000
Equipment 26,000
Total assets 50,000
Liabilities.
Accounts payable 3,000
Notes payable 20,000
Total liabilities 23,000
Equity
Common stock 11,000
Retained earnings 16,000
Total stockholders equity. 27,000
Total liabilities and stockholder's equity(23,000 + 27,000) 50,000
The Balance Sheet of Wolfpack Construction has shown the total assets and total liabilities of $50,000 each. A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time.
Given,
Accounts Balances Equipment $ 26,000 Accounts payable 3,000 Salaries expense 33,000 Common stock 11,000 Land 18,000 Notes payable 20,000 Service revenue 39,000 Cash 6,000 Retained earnings ? Required to prepare a balance sheet of Wolfpack Construction has the following account balances at the end of the year.
Assets:
Equipment $26,000
Land $18,000
Cash $6,000
Total Assets $50,000
Liabilities:
Accounts payable $3,000
Notes payable $20,000
Common Stock $11,000
Retained earnings (see working note) $16,000
Total Liabilities $50,000
Working Note for Retained Earnings:
Retained earnings = Total Assets - Accounts payable - Notes payable - Common Stock
Retained earnings = $50,000 - $3,000 - $20,000 - $11,000 =$16,000
Therefore, the balance sheet of Wolfpack Construction has a value total of $50,000.
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Last year, Bad Tattoo Co. had additions to retained earnings of $4,780 on sales of $95,560. The company had costs of $75,720, dividends of $2,980, and interest expense of $2,040. If the tax rate was 34 percent, what the depreciation expense?
a. $6,439.
b. $13,285.
c. $7,390.
d. $7,760.
e. $6,042.
Answer:
e. $6,042
Explanation:
Net income of Bad tattoo co. = Addition of retained earnings + Dividends
= $4,780 + $2,980
= $7,760
Income before tax of Bad tattoo Co = Net income / (1-tax rate)
= $7,760 / (1-34%)
= $7,760 / 0.66
= $11,758
But,
Income before tax = Sales - Costs
- Depreciation expense - Interest expense
$11,758 = $95,560 - $75,720 - Depreciation expense - $2,040
$11,758 = $19,840 - Depreciation expense - $2,040
Depreciation expense = $19,840 - $11,758 - $2,040
Depreciation expense = $6,042
the different ways the media informs the public on the daily work of the Zondo Commission?
The correct answer to this open question is the following.
Although the are no options attached, we can say the following.
The different ways the media informs the public on the daily work of the Zondo Commission have been through their different slots such as their broadcasting systems, TV channels, Radio news, and social media sites.
The Zondo Commission in South Africa was formed to investigate corruption acts, fraud, and state capture. Formally known as the Judicial Commission of Inquiry into Allegations of State Capture, it was created in August 2018 as an initiative from the South Africa President Cyril Ramaphosa. The investigation is in progress and mass media is following the case very closely, daily informing the people of South Africa to generate Public Opinion.
At a certain interest rate the present value of the following two payment patterns areequal: (i)$200 at the end of 5 years plus$500 at the end of 10 years. (ii)$400.94 atthe end of 5 years. At the same interest rate$100 invested now plus$120 invested atthe end of 5 years will accumulate to P at the end of 10 years. Calculate P.
Answer:
P = $917.77
Explanation:
The computation of the P is shown below:
Let us assume i% be the annual interest rate
Now
Present value of 1st Payment Pattern is
= $200 ÷ (1+i)^5 + $500/(1+i)^10
Present value of 2nd Payment Pattern is
= $400.94 ÷ (1+i)^5
Now equate these two above equations
PV of 1st Payment Pattern = PV of 2nd Payment Pattern
$200 ÷ (1+i)^5 + $500 ÷ (1+i)^10 = $400.94 ÷ (1+i)^5
$500 ÷ (1+i)^10 = $200.94 ÷ (1+i)^5
2.4883 = (1+i)^5
1+i = 1.20
i = 0.20
= 20.00%
Now
P = $100 × 1.20^10 + $120 × 1.20^5
P = $917.77
On December 31, 2020, Elena and Edgardo would like to give the maximum amount possible to their five married children, their spouses, and their six grandchildren. Under the Federal gift tax annual exclusion, and assuming that Elena and Edgardo elect gift splitting, how much can they give their family (in total) for 2020
Answer:
$480,000
Explanation:
The Federal gift tax annual exclusion is $15,000 per person. Since they are gift splitting, they can give up to $30,000 per person. The limit is imposed by the couple's total lifetime exclusion which is $11.58 million for 2020. This means that you can make gifts to multiple people during your lifetime and if the total gifts do not pass the lifetime exclusion, you will not be taxed for it.
5 children x 2 (their spouses) = 10 people
6 grandchildren
total = 16 people
total annual gifts = 16 x $30,000 = $480,000
For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 11%, and the federal-plus-state income tax rate was 25%. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during 2019
Answer:
Economic Value Added (EVA) = $2,620
Explanation:
WACC = 11%
Capital = $20,500
Sales = $11,500
Operating cost = $5,000
Tax rate = 25%
EBIT = Sales - Operating cost
EBIT = $11,500 - $5,000
EBIT = $6,500
Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)
Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)
Economic Value Added (EVA) = $4,875 - $2,255
Economic Value Added (EVA) = $2,620
Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on account during October were $281,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sales on account that occurred in October. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash balance was $18,600. Determine how much cash the company had at the close of business on September 30.
Answer:
a) Corentine Co.
Cash paid to suppliers:
Beginning balance, September 30 $152,000
Purchases $281,000
Ending balance, October 31 $132,500
Cash paid $300,500
b) Valerian Co.
Sales to customers on account:
Ending balance, October 31 $89,000
Cash collected $102,890
Beginning balance, September 30 $102,500
Sales $89,390
c) Alameda Company
Cash balance on September 30:
Cash disbursements $103,150
Balance, October 31 $18,600
Cash receipts $102,500
Balance, Sept. 30 $19,200
Explanation:
The unknown amount for each case is the difference between the opening balance, the transactions for the month of October and closing balance.