Lear Corporation purchases a part from Jones Manufacturing. This component is integrated into a radio that Lear then sells to Ford. Ford, in Lear's opinion, is a (n)
Tier 2 (because in supply chain management, a supplier's supplier is referred to as tier 2).
The head company is Tier 1.
The distribution system or channels are Echelon 1 and 2.)
A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
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roger and melissa's labor supply schedules are presented in the accompanying tables. hourly wage rate roger's labor supply (hours per week) $0 0 $10 15 $20 30 $30 40 $40 45 $50 35 hourly wage rate melissa's labor supply (hours per week) $0 0 $10 10 $20 20 $30 30 $40 35 $50 40 a. in the accompanying diagram, move the points to plot both roger's and melissa's labor supply curves.
From the provided labor supply schedules, Roger's and Melissa's labor supply curves were calculated.
The labor market's supply is the main focus of the labor supply curve. As the labor supply increases, the labor supply curve shifts to the right. It will move to the left if it declines.
According to the graph below, a rise in labor supply results in a fall in wages whereas a rise in labor demand results in an increase in wages. Simply put, labor is the work that people do.
Additionally, labor is an element in production. This is so that businesses can make their products, which requires labor.
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lue Devil Savings and Loan Association has a large number of 10-year fixed-rate mortgages and obtains most of its funds from short-term deposits. It uses the yield curve to assess the market's anticipation of future interest rates. It believes that expectations of future interest rates are the major force in affecting the yield curve. Assume that an upward-sloping yield curve with a steep slope exists. Based on this information, should Blue Devil consider using financial futures as a hedging technique? Explain
Blue Devil should sell financial futures to hedge the potential effects of rising interest rates on its spread
To protect against the potential negative effects of rising interest rates on its spread, Blue Devil could sell financial futures.
Although the phrase "hedging" can make it sound like your gardening-obsessed neighbor does it, it actually refers to a valuable investing strategy that all investors should be aware of. Hedging in the stock market is a technique to preserve your portfolio, which is frequently just as vital as financial portfolio growth.
Hedging is frequently described in broader terms than are its explanations. It is not, nonetheless, an obscure term. Even if you are just starting out as an investor, understanding what hedging is and how it functions can be helpful.
By establishing a contrary position in a comparable asset, investors can use the risk management technique of hedging to offset losses on their investments.
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before making a purchase, consumers often compare similar items based on their , such as product characteristics and performance.
Problem recognition, inquiry, evaluation, and purchase choice are the components of the consumer decision process. Behavior after a purchase is a reflection of how satisfied or unsatisfied you were with your purchase.
What are an example and an evaluation?When you evaluate someone or something else, you take them into account in order to form an opinion on them, such as whether or not they are good or terrible. First, they will dispatch professional nurses to assess the demands of each particular circumstance. Verbal noun It's challenging to assess the state of the market.
What does evaluation in education mean?What does "assessment in education" mean? Evaluation is grade-centered and may take into account factors outside of course content and proficiency level in the classroom. An assessment might be performed as a last check to determine the caliber.
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A U.S. corporation has a yen-denominated loan it must repay in six months. A long position in yen futures could help offset the corporation's foreign exchange risk.
True/False
The correct answer is True. A U.S. company has a loan with a six-month repayment period in yen. The corporation's foreign exchange risk could be reduced by taking a long position in yen futures.
It might use some of its inflows in euros to cover its financing costs if it receives inflows in that currency.
The increase in value of one country's currency in comparison to another is known as currency appreciation. Currency increases are the result of governmental policy and a rise in investor demand. As opposed to banks, which must keep a balance between depositories and lending charges, the parent multinational firm might contemplate borrowing money from its subsidiaries because they do so at a lower cost.
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a company reports the following at year end: current assets of $25,000; total assets of $35,500; current liabilities of $10,400; total liabilities of $20,500. working capital equals: multiple choice question. 4,500 14,600 10,500 25,100
A company reports the following at year-end: current assets of $25,000; total assets of $35,500; current liabilities of $10,400; total liabilities of $20,500. Working capital equals 14,600.
A present-day asset is any asset that could reasonably be predicted to be offered, consumed, or exhausted via the normal operations of a commercial enterprise inside the current financial 12 months or running cycle or economic year.
Modern assets consist of coins, cash equivalents, money owed receivable, stock inventory, marketable securities, pre-paid liabilities, and different liquid property. The current property account is important as it demonstrates an organization's short-term liquidity and ability to pay its quick-term duties.
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if scott earns a 12 percent after-tax rate of return, $15,000 today would be worth how much to scott in two years? use future value of $1. note: round discount factor(s) to five decimal places.
In two years, $15,000 would be worth to Scott assuming he gets an after-assessment form of 12%. Therefore, The answer is (d)
= $15,000 × (1.12)2 = $18,816 or $15,000 × 1.25440 = $18,816.
The recipe is composed as follows: FV=PV I + 1)n The quantity of interest-accumulating periods that will require some investment you are computing for is shown by the superscript n in this equation. the more prominent pace of return after charges. the benefits of pay deferral are expanded.
You require the accompanying recipe to decide the ongoing worth of any income: Present worth is equivalent to Expected Income times (1 or more Interest Sum). the measure of time. consequently for the underlying year.
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This question is incomplete ,here I am attaching the complete question:
If Scott earns a 12 percent after-tax rate of return, $15.000 today would be worth how much to Scott in two years? Use future value of $1.(Round discount factor(s) to flve declmal places.) 9 Multple Choice $15,000. $11,955 $18,520 $18,816, None of the cholces are correct.
use the following information and the indirect method to calculate the net cash provided or used by operating activities:
The calculated amount of net cash used or provided for operating purposes is $20,900.
Operating activities are the essential or core business operations a firm engages in for the purpose of producing and selling its products. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities. Investing and financing are a company's other two activities.
Net cash available or utilized for operating purposes is $20,900. (C).
Following is a calculation of Operating Activities:
Net cash provided by operating activities = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable
Net cash provided by operating activities = $12,800 + $11,600 - $7,900 - $2,100 + $6,500
Net cash provided by operating activities = $20,900
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COMPLETE QUESTION:
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income $12,800
Depreciation expense $11,600
Payment on mortgage payable $14,400
Gain on sale of land $7,900
Increase in merchandise inventory $2,100
Increase in accounts payable $6,500
Proceeds from the sale of land $8,500
A. $35,300
B. $12,400.
C. $20,900.
D. $7,900.
E. $40,900
in the current year, company a made the following cash purchases: the exclusive right to manufacture and sell equipment from company b for $210,000. company b created the unique design for the equipment. company a also paid an additional $15,000 in legal and filing fees to attorneys to complete the transaction. an initial fee of $295,000 for a three-year agreement with company c to use its name for a new facility in the local area. company c has locations throughout the country. company a is required to pay an additional fee of $6,000 for each month it operates under the company c name, with payments beginning in march of the current year. company a also purchased $410,000 of equipment to be placed in the new facility. the exclusive right to sell a book, for $29,000.
There is no journal entry for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.
How would you define sales?A sale is a deal in which the seller exchanges money for the sale of tangible or intangible products, assets, or services with the buyer. Between two or more parties, a sale is made. A sale can be defined more broadly as a contract between two or more parties, such as the buyer and the seller.
What does "sales" mean in a commercial context?Sales, as used in everyday business operations, relate to any transactions where money or value is transferred for the right to own a good or access to a service. Sales in an accounting context refers to the money a business makes through selling goods or services (net sales).
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debt left over from the war of ____ was part of the reason for the founding of the second bank of the united states.
The debt left over from the war of 1812 was part of the reason for the founding of the second bank of the united states.
Congress rejected additional attempts to establish the bank after the two countries reached a peace treaty in 1815. But as a result of a wider economic crisis, the federal government's financial situation deteriorated in the months that followed. Madison and his advisors came to the conclusion that it was necessary to move the nation toward a more uniform, stable paper currency since a large number of state-chartered banks had stopped cashing their notes.
Dallas once more urged the creation of a national bank in his yearly report. The statute establishing the second Bank of the United States was finally signed by Madison in April 1816 after much discussion and a few subsequent attempts.
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disclosure of information about significant concentrations of credit risk is required for: all financial instruments. financial instruments with off-balance-sheet credit risk only. financial instruments with off-balance-sheet market risk only. financial instruments with off-balance-sheet risk of accounting loss only.
The correct answer to the given question is option A) all financial instruments.
Financial instruments are either tradable assets or can alternatively be thought of as bundles of capital that can be traded. The majority of financial instrument types allow for the efficient flow and transfer of capital among investors around the world. These assets may consist of money, a contractual right to receive or deliver money or another sort of financial instrument, or documentation of ownership of a certain organization.
Cash instruments and derivative instruments are the two categories into which financial instruments can be categorized.
Payment Methods
The markets have a direct impact on and control over the values of cash instruments. The securities in question may be simple-to-transfer securities.
Cash instruments also include deposits and loans that have been agreed upon by lenders and borrowers.
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suppose monetary neutrality holds and velocity is constant. a 4 percent increase in the money supply group of answer choices increases the price level by less than 4 percent. increases real gdp by 4 percent. increases the price level by more than 4 percent. increases the price level by 4 percent. next
Suppose monetary neutrality holds and velocity is constant, then a 4 percent increase in the monetary supply will increase the price level by 4 percent. Therefore, the option D holds true.
The supply of money within an economy is determined by the forces that include the demand of the consumer. Productivity and output are also important in determining the monetary supply. Moreover, the money supply is equally proportionate to a change in the prevailing levels of prices in the economy. Thus, changes in both the factors will always be the same.
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firms often set goals related to desired share of a market. these goals are a type of______objectives.
Firms often set goals related to the desired share of a market. these goals are a type of sales objectives.
Management uses sales objectives to supplement the vision and objectives they have established for the business and the sales department. The sales objectives specify the precise, quantifiable steps that each employee must follow to accomplish the overall target.
Sales objectives are overarching, long-term goals that you want your entire sales staff to reach in order to advance your business. To make sure your goals are on pace, you must monitor sales analytics, though. Utilizing metrics, you can create plans and tactics for your sales force to follow in order to meet their goals.
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Which of the following questions should NOT be taken into consideration when listing all the alternatives and consequences to solve an ethical problem?
A. Is it legal?
B. Does it fit my personal values?
C. Who will be affected?
D. Does it benefit me personally?
D. Does it directly benefit me?
What are the four ethical methods?The four ways to deal with morals in business settings are:
Ethics based on utilityEthics deontological.Ethics of virtue.The Ethics of Communism.When making an ethical decision, how many different options should be listed?Try to think of as many possible solutions, at the very least three and typically five or more.
What are the three three questions of ethics?Three moral inquiries that we ought to pose of ourselves consistently
How would I like to be on the planet?Why do I want the world to be this way?When I'm put to the test, what tactics must I employ to uphold my values and principles?To learn more about Ethics of virtue here
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major corporation bought equipment on january 1, 2021. the equipment cost $360,000 and had an expected salvage value of $60,000. the life of the equipment was estimated to be six years. assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be . a. $70,000. b. $72,000. c. $50,000. d. None of these answer choices are correct.
The life of the equipment was estimated to be six years. assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be $50,000.
Straight line
(Cost - salvage value)/estimated useful life
= (360,000-60000)/6
=50000 ans.
The double declining stability (DDB) depreciation method is an method to accounting that includes depreciating sure property at two times the fee mentioned beneathneath straight-line depreciation. This consequences in depreciation being the best withinside the first yr of possession and declining over time.
The gadget ignores the salvage price whilst the declining stability is calculated, however the asset will now no longer be depreciated under the asset's salvage price. The depreciation quantity is calculated with the aid of using multiplying the straight-line quantity with the aid of using the declining stability fee.
To calculate depreciation the use of the straight-line method, subtract the asset's salvage price (what you assume it to be really well worth on the stop of its beneficial life) from its cost. The end result is the depreciable foundation or the quantity that may be depreciated. Divide this quantity with the aid of using the range of years withinside the asset's beneficial lifespan.
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this is the amount that can be given as a gift each year without the transaction being subject to the federal gift tax law.
Answer:
The annual gift tax exclusion limit for 2020 is $15,000 per person.
suppose juanita modifies her portfolio to contain 50% diversified stocks and 50% risk-free government bonds; that is, she chooses combination c. the average annual return for this type of portfolio is 7.5%, but given the standard deviation of 10%, the returns will typically (about 95% of the time) vary from a gain of to a loss of .
this type of portfolio is 7.5%, but given the standard deviation of 10%, the returns will typically (about 95% of the time) vary from a gain of to a loss of -6.5%.
The standard deviation is a statistic that expresses how much variance or dispersion there is in a group of numbers. [1] While a high standard deviation suggests that the values are dispersed over a wider range, a low standard deviation suggests that the values tend to be close to the mean (also known as the anticipated value) of the collection.
The lower case Greek letter (sigma), for the population standard deviation, or the Latin symbol s, for the sample standard deviation, are most frequently used in mathematical texts and equations to indicate standard deviation. Standard deviation may be written as SD.
A random variable, sample, statistical population, data set, or probability distribution's standard deviation is equal to the square root of its variance.
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TRUE/ FALSE. if our research objective is to summarize the data in the sample, we should use percentages if the variable has a metric scale.
The statement given is false, if our research objective is to summarize the data in the sample, we should use percentages if the variable has a metric scale.
Although tables are frequently used to display data summaries, a well-designed graph can also effectively convey findings.
Just to summarize the data, we can use graphs and diagrammatic representation. Percentages are used when you have to demonstrate increase or decrease or level of influence of certain variables in the data.
The research objective is fulfilled by using the diagrams and graphs. Therefore the given statement is false, that we should use percentages as a metric scale.
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ompany acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base
The amount of sales that will be reported in the 20X8 consolidated income statement is C) $100,000.
An income statement or profit and loss account is one amongst the money statements of an organization and shows the company's revenues and expenses throughout a specific amount. It indicates however the revenues are reworked into world wide web financial gain or lucre.
Non-controlling interest refers to the minority shareholders of the corporate. They own but five hundredth of the general share capital and so do not have management over the company's decision-making method. Non-controlling interests are measured at world wide web quality worth of entities and don't account for potential selection rights.
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Company acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base. Based on the information given above, what amount of sales will be reported in the 20X8 consolidated income statement?
A) $90,000
B) $120,000
C) $100,000
D) $67,000
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the formula for target units is: multiple choice (total fixed costs target profit)/contribution margin ratio (total variable costs total fixed costs)/contribution margin ratio (total fixed costs target profit)/unit contribution margin (total variable costs total fixed costs)/unit contribution margin
The difference between a company's sales and variable costs, represented as a percentage, is the contribution margin ratio. The total income that can be used to cover fixed costs and turn
a profit is represented by an entity's total margin. The contribution margin ratio, when applied to a single unit sale, expresses the percentage of profit made on that particular sale. The contribution margin should be fairly substantial because it must be enough to pay for both fixed costs and overhead. The measure is helpful in deciding whether to permit a lower price in unique pricing circumstances. To continue selling a product at that price point would be foolish if the contribution margin ratio is abnormally low or negative.
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assume the government reduces its spending and raises income taxes in an effort to reduce the budget deficit. the most likely short-run result will be an increase in responses interest rates interest rates unemployment unemployment the money supply the money supply the price level the price level personal savings
If the government increases the income taxes then the interest rates will be increased that is option A is correct.
Government when increases the income taxes and reduces its spending it adopts a fiscal policy which will not be beneficial for the middle class people. With the increase in the income tax they will have to pay more for the same amount of items. The interest rates of the banks will also increase as they will have to maintain their own balance. This will lead to the decrease in the money supply and the personal savings of the people. These all are short term results. In the longer run unemployment will increase due to this and will affect the economy of the country very badly.
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inventory records for capetown, incorporated revealed the following: date transaction number of units unit cost april 1 beginning inventory 460 $ 2.15 april 20 purchase 430 2.61 capetown sold 610 units of inventory during the month. ending inventory assuming lifo would be: (do not round your intermediate calculations. round your answer to the nearest dollar amount.)
LIFO means "Last-In, First-Out". It is a strategy utilized for cost stream presumption purposes in the expense of merchandise sold computation. The LIFO strategy expects that the latest items added to an organization's stock have been sold first.
For figuring out the consummation stock first we need to figure out the closure stock units which are displayed underneath:
= Starting stock units + buy units - deal units
= 460 units + 430 units - 610 units
= 280 units
Presently the closure stock is
= 280 units × $2.15
= $602
We just increased the closure stock units with the April 1 expense for each unit i.e 280 units at $2.15per unit we found the solution i.e $602.
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Suppose the institution wishes to fully hedge the interest rate risk with a swap. A swap is available with whatever notional principle is needed that pays fixed at 4.95% and pays variable at LIBOR. LIBOR is currently 5.11%. By how much would profits change right now if the bank engages in the swap?Pay variable, receive fixed; (322-200) x (4.95% - 5.11%) = -$195,200
-$195,200 profits change right now if the bank engages in the swap.
Pay variable, receive fixed; (322-200) x (4.95% - 5.11%) = -$195,200
A financial institution is an economic institution that accepts deposits from the general public and creates a demand deposit at the same time as simultaneously making loans. Lending sports may be immediately executed by way of the bank or in a roundabout way thru capital markets.
Bank, an institution that deals in money and its substitutes and gives other money-associated services. In its function as an economic intermediary, a bank accepts deposits and makes loans.
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the teachers union has been negotiating with the school board on behalf of all the teachers for a 4% pay increase and two additional sick days each year. the teachers union is in the process of .
The teachers union has been negotiating with the school board on behalf of all the teachers for a 4% pay increase and two additional sick days each year. The teachers union is in the process of collective bargaining.
Collective bargaining refers back to the respectable manner thru which change unions negotiate with employers on behalf in their individuals in appreciate of employees' phrases and situations of employment. An instance of collective bargaining may be approximately a pay increase or an change in running hours. The term "collective bargaining" became first utilized in 1891 by means of Beatrice Webb, a founder of the arena of business participants of the own family in Britain. It refers to the form of collective negotiations and agreements that had existed for the purpose of the rise of change unions in some unspecified time in the future in the 18th century.
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The daily demand for a component at a hardware store is normally distributed, with an average of 100 and a standard deviation of 10 units. The store manager is willing to accept a risk of stockout 3% of the time during the lead time, which is constant at 6 days. Answer the following questions. Write your final answer only (without intermediate steps) for the fill-in-the-blank questions. Question 10 (2 points) The service level that the store manager wants to maintain = A . Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 11 (2 points) The appropriate value of Z (i.e., the number of standard normal deviations) = A . Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 12 (2 points) A Safety stock = answer (if it is not an integer) to the nearest integer. units. Round the final Question 13 (2 points) Reorder point = A units. Round the final answer (if it is not an integer) to the nearest integer.
The service level that the store manager wants to maintain = 0.97. This is because 3% of the time during the lead time, the store would be willing to accept a stockout. This corresponds to a service level of 97%.
The appropriate value of Z (i.e., the number of standard normal deviations) = 1.65. This can be calculated using the formula Z = (Service Level - 0.5) / (1 - Service Level).
A Safety stock = 160 units. This can be calculated using the formula Safety Stock = Z * Standard Deviation * Square Root of Lead Time.
Reorder point = 360 units. This can be calculated using the formula Reorder Point = Average Demand * Lead Time + Safety Stock.
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a firm can withdraw and use the interest of an interest bearing real estate common trust account, as long as the firm has the permission of all the parties. t/f
The answer is false. This is because under no circumstances can a firm use or claim the Interest of an IBRETA account.
Interest is distinct from a figure that the borrower may pay the lender or some third party. It's also distinct from the tip which is paid by a company to its shareholders( proprietors) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro-rata base as a share in the price gained by threat- taking entrepreneurs when the profit earned exceeds the total costs.
To abate interest, you paid on a debt, review each interest expenditure to determine how it qualifies and where to take the deduction.
An interest-bearing real estate trust account is needed for real estate brokers. Receives the deposit of all down payments, severe plutocrats, and other trust finances entered by the broker and related to the conveyance of real estate.
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eriodic inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: date line item description units and cost jan. 1 inventory 50 units at $110 mar. 10 purchase 60 units at $118 aug. 30 purchase 20 units at $126 dec. 12 purchase 70 units at $128 there are 80 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the ending inventory cost and the cost of goods sold by three methods. in your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. blank cost of ending inventory and cost of goods sold inventory method ending inventory cost of goods sold first-in, first-out (fifo) $first-in, first-out (fifo) $first-in, first-out (fifo) last-in, first-out (lifo) last-in, first-out (lifo) last-in, first-out (lifo) weighted average cost weighted average cost weighted average cost
A periodic system makes no attempt to keep track of inventory levels, therefore cost of items sold is unknown until financial statements are prepared.
Briefing:-The expense is calculated by subtracting ending inventory from ending inventory after adding beginning inventory to the period's buying costs.
What is the inventory periodic method?To ascertain the amount of inventory on hand and the cost of goods sold, a corporation using a periodic inventory system physically counts the inventory at the conclusion of each period. In accordance with their accounting requirements and product needs, many businesses choose for monthly, quarterly, or annual periods.
How do you determine the price of products that are for sale?The cost of manufacturing the present inventory is multiplied by its total worth to arrive at the cost of the commodities that are now on hand for purchase. For instance, if a company has ready-to-sell goods worth $5,000 and they cost $3,000 to make, its total cost of goods available for sale is $8,000.
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monopolistically competitive firms, like monopoly firms, maximize their profits by charging a price that exceeds marginal cost. group of answer choices: t/f
"Monopolistically competitive firms, like monopoly firms, maximize their profits by charging a price that exceeds marginal cost." This statement is True.
normally, the monopolistically aggressive market have the attributes of having many companies, differentiated merchandise and free entry/go out.
A monopolistic competition occurs while competitive firms produces or manufactures services or products which are similar and substitutes.
The characteristics of the monopolistically competitive marketplace includes:
There are presence of many dealers within the marketplace
There is easy entrance and go out of purchasers in the market
There are differentiated merchandise within the market
In conclusion, the monopolistically competitive marketplace is characterized through having many companies, differentiated merchandise and loose access/go out.
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A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is
a. a liability for the bank and an asset for Kellie's Print Shop. The loan increases the money supply. b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply. c. an asset for the bank and a liability for Kellie's Print Shop. The loan increases the money supply. d. a liability for the bank and an asset for Kellie's Print Shop. The loan does not increase the money supply.
On their respective balance sheets, the loan granted by the bank to the Kellie's Print Shop is an asset for the bank and a liability for the Kellie's Print Shop, and it does not increase the supply of money. Therefore, the option B holds true.
A balance sheet can be referred to or considered as a financial statement that shows the current or present financial positions of the company as on any given date on which the balance sheet has been made or updated. Each balance sheet contains assets and liabilities as the two main heads, and the final balances of these heads are always equal to each other.
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Expected cash collection pattern is 50% in the month of sale, 30% in the following and 15% in the second following month. Five percent of the credit sales December collections will be: month, are uncollectible Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $70,000 b. $102,000 c. $108,000 d. $100,000 Expected cash collection pattern is 50% in the month of sale, 30% in the following month. and 15% in the second following month. Five percent of the credit sales are uncollectible. November collections were $92,000. September sales were: Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $90,000 b. $120,000 c. $100,000 d. $100,000
Option A, 3.75, Mpv =actual quantity (standard price - real price), which is 1275=5100 (x - 3.50), 3.75. A planning technique that enables businesses to manage resources and earnings based on anticipated sales is the sales budget.
A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the firm, it relies on two factors: the volume of items sold and the price at which they are sold. Sales forecasting, the technique of predicting future sales income, is not the same as a sales budget. However, a sales estimate might be guided by a strong sales budget. A sales budget differs from a sales expenditure budget, which is more concerned with business costs over a certain time frame.
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When people use ramen as money then ramen become group of answer choices fiat money, but do not function as a unit of account. fiat money and function as a unit of account. commodity money and function as a unit of account. commodity money, but do not function as a unit of account.
When people use ramen as money then ramen becomes commodity money, but do not function as a unit of account. The correct answer is D.
Commodity money is defined as object that has value and are useful in itself that are also being used as a medium of exchange. A commodity money may serve as a medium of exchange but it is rather difficult to use it as a unit of account. An example of a commodity money is that of a cigarette in prison, where cigarettes are being used as a medium of exchange to get another goods or services in prison aside from its intended use for smoking. Another example of a commodity money is gold coins which in itself is valuable but also may be used as a medium of exchange in order to obtain other kinds of goods and services
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Your question seems incomplete, but I assume your question was:
"When people use ramen as money then ramen becomes
(group of answer choices)
A. fiat money, but do not function as a unit of account.
B. fiat money and function as a unit of account.
C. commodity money and function as a unit of account.
D. commodity money, but do not function as a unit of account."