The initial investment outlay is $18.
An investment is an asset or item nonheritable with the goal of generating financial gain or appreciation. Appreciation refers to a rise within the price of an asset over time. Once a private purchases an honest as an investment, the intent isn't to consume the great however rather to use it within the future to make wealth.
Working capital is that the cash on the market to fulfill your current, short-run obligations. to create certain your assets works for you, you will need to calculate your current levels, project your future wants and take into account ways in which to create certain you mostly have enough money.
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talbot industries is considering launching a new product. the new manufacturing equipment will cost $14 million, and production and sales will require an initial $4 million investment in net operating working capital. the company's tax rate is 25%. enter your answers as a positive values. enter your answers in millions. for example, an answer of $10,550,000 should be entered as 10.55. round your answers to two decimal places. What is the initial investment outlay?
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. An auditor discovers several immaterial errors that the auditor determines do not, individually or in the aggregate, cause the financial statements to be materially misstated. The auditor proposes adjusting entries to the client, who refuses to correct the errors. Which of the following best summarizes the steps the auditor should take?
A. Issue a qualified, "except for" opinion on the financial statements because the client refuses to correct the errors.
B. Withdraw from the engagement because the client’s refusal to correct the errors is a scope limitation.
C. Correct the errors on the client’s behalf, and then issue the audit report.
D. Document the errors and the conclusion that the financial statements are free from material misstatement.
This best summarizes the steps the auditor should take- Document the errors and the conclusion that the financial statements are free from material misstatement. Hence, option D is right.
The audit process typically consists of four stages: planning (also known as survey or preliminary review), fieldwork, audit report, and follow-up review, however each audit process is distinct. Participation of the client is essential at every level of the audit process.
Confidentiality, integrity, objectivity, independence, skills and competence, work done by others, documentation, planning, audit evidence, accounting system and internal control, and audit reporting are the fundamental elements of auditing.
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in all cells, separation of replicated chromosomes is a prerequisite for cell division. however, the mechanism of chromosome separation in bacteria is distinct from that in eukaryotes in several ways. sort the following statements into the appropriate bin. view available hint(s)for part a resethelp bacteria onlydroppable eukaryotes onlydroppable
Of the most important components of cell cycle is the split of said dna in two daughters cells, known as meiosis 2. Genome segregation is directed by the spindle, a steroid, ego cell organ, in all Eukaryotes.
What does component mean?
It means a component or constituent part. an essential element of the plan. stereo components are any of the component terms that are added together to generate a magnitude or resultant, as well as a vector's coordinate.
What does each phrase component mean?
The components that make up this are its constituent parts. The employees produce airplane component parts. The portions of being something are its constituents. There are four primary parts to the strategy.
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FILL IN THE BLANK. The ___________________ is the institution designed to control the quantity of money in the economy and also to oversee the:
The Central Bank is an institution designed to control the quantity of money in the economy and also to oversee the safety and stability of the banking system.
What are the roles and responsibilities of the Central Bank?The role of the Central bank is responsible for overseeing the monetary system for a nation or group of nations, along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.
The role of the central bank has grown in importance in the last century. To ensure the stability of a country's currency, the central bank should be the regulator and authority in the banking and monetary systems.
It also has responsibilities including, issuing money, stabilizing financial systems, and others.
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In a supertype/subtype hierarchy, subtypes that are lower in the hierarchy inherit attributes from not only their immediate supertype but from all ________ in the hierarchy.
In a supertype/subtype hierarchy, subtypes that are lower in the hierarchy inherit attributes from not only their immediate supertype but from all supertypes in the hierarchy.
A hierarchy is a set of objects that are arranged so that they are "above," "below," or "at the same level as" one another. In many different disciplines, including architecture, philosophy, design, mathematics, computer science, organisational theory, systems theory, systematic biology, and the social sciences, hierarchy is a crucial idea. A hierarchy can connect objects directly, indirectly, vertically, or diagonally. Although a system that is primarily hierarchical might also have alternative hierarchies, the only direct linkages in a hierarchy, insofar as they are hierarchical, are to one's immediate superior or to one of one's subordinates. A path of numerous connections in the same direction allows hierarchical links to extend "vertically" upwards or downwards.
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According to Jon Katzenbach and Douglas Smith, which of the following characteristics would indicate that you are working in a group rather than on a team? Check all that apply.
a. Having complex tasks that people work together to finish
b. Having independent tasks
c. Having one person who is clearly the leader
d. Having interdependent tasks
The correct answer is All of the option. The following traits, according to Jon Katzenbach and Douglas Smith, would suggest that you are working in a group rather than on a team.
pursuing a goal that is consistent with the organization's mission ensuring that each employee is responsible for their own work having a clear leader in one person having separate jobs Leader who is very focused Personal responsibility.
The goal of the group and the organization are the same. jobs that are simple and independent define individually produced works fixed organizational framework.
Managers and department heads have the following obligations: Annual Goals: Department managers and leaders formulate and carry out annual departmental goals that complement and support the objectives and performance measures of the entire organization. Management is the practice of working with and through people and other organizational resources to achieve organizational goals.
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retail life cycle this activity is important because retail outlets, like products, experience growth and decline, which is described by the retail life cycle. marketing managers pay close attention to stages of the retail life cycle since both profits and market share rise then fall across the four life cycle stages. the goal of this activity is to demonstrate your understanding of the different stages of the retail life cycle: early growth, accelerated development, maturity, and decline. for each hypothetical below, select the appropriate stage of the retail life cycle.
The retail lifecycle theory contends that, like the goods and services they sell, retail businesses experience cycles of invention, growth, maturation, and decline.
What stages make up the business life cycle?a hypothesis on retail competition that holds that, similar to the products they offer, retail businesses experience a predictable cycle. This cycle can be broken down into four distinct phases: invention, rapid growth, maturity, and decline.
When does the fall in profit and sales occur throughout the product life cycle?Maturity, during the mature stage, sales decrease, indicating that the market has begun to become saturated. At this stage of the product's development cycle, pricing also fosters competitiveness. As a result, profit margins are reduced.
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suppose that at the current level of output, the mayo clinic has fixed cost of $2,000,000, variable costs of $4,000,000, and $6,500,000 in total revenue. which of the following is true?
At a volume of 25,000 inpatient days, the general hospital expects to make $3,750,000 in profit.
It doesn't change. Total fixed cost, which is constant, is the vertical distance between total variable cost and total cost at each output level. There must be $890 in revenue per inpatient day. To determine profit, we can apply the following formula: Profit is calculated as volume * fixed expenses – (price per unit – variable cost per unit). One million is equal to (income per inpatient day – 250) x 25,000 – 15,000,000. After OQ1 output is produced, AVC begins to increase; its increase above a particular range is countered by a decrease in AFC. Because of this, even while AVC increases, AC still decreases over that range of output. Because of this, the minimum point of AC (point P) appears in a later
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which of the following is not one of the three key project-based factors discussed in the lecture and textbook in selecting a conversion strategy?
Rapid application development (RAD) is not one of the three key project-based factors discussed in the lecture and textbook in selecting a conversion strategy.
What do you mean by Strategy?Setting objectives and goals, choosing actions to attain the goals, and allocating resources to carry out the activities are all common components of strategy. A plan outlines the ways by which the outcomes (goals) will be accomplished (resources).
In order to obtain immediate user feedback, rapid application development (RAD) focuses on the designing and prototyping stages. RAD suggests more flexibility than traditional development approaches, which begin with planning and continue with execution. At the end of the day, quick incremental upgrades and ongoing user feedback help to provide better results.
Therefore, Rapid application development (RAD) s not one of the three key project-based factors discussed in the lecture and textbook in selecting a conversion strategy.
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Your question is incomplete, but most probably your question will be;
Which of the following is not one of the three key project-based factors discussed in the lecture and textbook in selecting a conversion strategy?
a. Rapid application development (RAD) (e.g., iterative, system prototyping, throwaway prototyping)
b. Forward-backward development (e.g., Prototype-User development, X-model)
c. Agile development (e.g., XP, Scrum)
d. Waterfall development (e.g., traditional, parallel development, V-model)
which one of the following individuals should be selected to collect job analysis information if the goal is to design job specifications that will withstand close investigation by the equal employment opportunity commission (eeoc)?
The one of the following individuals should be selected to collect job analysis information.
Briefing:-if the goal is to design job specifications that will withstand close investigation by the equal employment opportunity commission (Eeco) an outside consultant trained to collect job analysis information.
Which statement best describes how strikes affect collective bargaining negotiations?The major purpose of strikes is to expedite the negotiation process.
What does a position analysis quizlet aim to achieve?Information is given for the job description.
Which of the following about the Occupational Safety and Health Act is untrue?Private employers are exempt from the law.
Which of the following is not a required element for an American with Disabilities Act claim to succeed?The plaintiff's handicap was of a physical, not mental, nature.
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The following options describe costs incurred by owners of a given business. Identify which would be considered a sunk cost for a firm that is considering exiting a market. a. the cost of two riding lawnmowers for Luke's Lawn Care b. the cost of taking two online photography classes by Philipe of Philipe's Photography Shop c. a new large billboard sign displaying "Shantel's Shoes" for Shantel's Shoe Shop d. fireworks for Frida's Fireworks Displays e. four wedding cakes for Carlos's Cakes Shop
A sunk cost for companies looking to exit the market is the new big billboard sign displaying "Shantel's Shoes" in the Shantel's Shoe Shop.
What is sunk cost?Sunk costs, also called retroactive costs, indicate investments that have already made and cannot be recovered.
Examples of corporate sunk costs include: Advertising expenses: When you promote a new product, that money is gone and you can't get it back. New product research. Labor costs. Installation of new software systems and working methods. Loss of reputation and business relationships.
How do you calculate sunk cost?To calculate the sunk cost of a replacement device, find the current new market price. Then try to find out how much the item is worth in its current state. This should be possible with a little online research. Determine sunk costs by subtracting the current value from the original price.
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most businesses follow a logical process when performing the planning function. it is important to understand before creating long-term goals, objectives, and strategies.
Most businesses follow a logical process when performing the planning function. It is important to understand the current situation, before embarking upon creating future long-term goals, objectives, and strategies.
A business cannot function without some level of planning and performance. The two go hand-in-hand to ensure that a company can achieve its goals and objectives. Business planning involves setting targets and milestones, and then developing strategy to achieve them.
It's important to monitor both planning and performance on an ongoing basis, and make adjustments where necessary, in order to ensure that a business is on track to achieve its goals.
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which of the following are largely responsible for pushing prisons beyond their breaking points? select all that apply.
The John Howard (1726–1790), an English humanitarian of the 18th century, is often regarded as the founder of jail reform. Although the war on drugs had significantly increased incarceration.
Three humanitarian continue to have an impact on it: excessive policing in underserved and vulnerable groups, the harsher sentences for infractions, and never-ending restrictions after release. To make prisons more compassionate and reformatory, reformers in the nineteenth century relied on prior incarceration. The four English jail reformers John Howard, George Onesiphorus Paul, Elizabeth Fry, and John T. Burt are the subject of this exhibition, which spans the eighteenth and nineteenth centuries.
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Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is _____________ while her economic profit is ______________.$300; negative $100
Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is $300 while her economic profit is negative $100.
Accounting is the manner of recording financial transactions pertaining to a enterprise. The accounting system consists of summarizing, reading, and reporting these transactions to oversight businesses, regulators, and tax collection entities.
Accounting, also known as accountancy, is the size, processing, and communique of economic and non monetary records about monetary entities together with corporations and corporations.
Basic accounting concepts used within the commercial enterprise international cover sales, costs, belongings, and liabilities. those elements are tracked and recorded in documents inclusive of balance sheets, earnings statements, and cash drift statements.
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during 2020, the city of coyote contracts to build a bus stop for schoolchildren costing $13,800 as a special assessments project. the city collects $13,800 from directly affected citizens. the government has no obligation in connection with this project. the city records both a $13,800 revenue and a $13,800 expenditure in the capital projects fund. in preparing government-wide financial statements, the city records an asset and a general revenue for $13,800.
Correct change is a $60,250 increase-According to the information provided, the Capital Projects Fund reported an increase in its fund balance for the year of $60,250.
Correct change is a $60,250 increase-According to the information provided, the Capital Projects Fund reported an increase in its fund balance for the year of $60,250. In arriving at that figure a $13,800 revenue and the related expenditure were both recorded in that fund for this bus stop construction.
Because the government had no obligation, these cash flows should actually have all been reported in the Agency Fund. The auditing firm will remove both the revenue of $13,800 and the expenditure of $13,800 from the Capital Projects Fund. Because they are of the same amount but have an opposite effect on current financial resources, this removal leaves the overall increase in the fund balance unaffected at $60,250.
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The right question is:
Assume that the City of Coyote has produced its financial statements for December 31, 2020, and the year then ended. The city’s general fund was only used to monitor education and parks. Its capital projects funds worked in connection with each of these functions at times during the current year. The city also maintained an enterprise fund to account for its art museum. The government-wide financial statements provide the following figures: Education reports net expenses of $622,000. Parks reports net expenses of $105,000. Art museum reports net revenues of $54,750. General government revenues for the year were $881,250 with an overall increase in the city's net position of $209,000. The fund financial statements provide the following for the entire year: The general fund reports a $51,750 increase in its fund balance. The capital projects fund reports a $60,250 increase in its fund balance. The enterprise fund reports a $62,500 increase in its net position. The city asks the CPA firm of Abernethy and Chapman to examine several transactions that occurred during 2020 and indicate how to correct any erroneous reporting. Officials also want to know the effect of each error. View each of the following situations as independent. During 2020, the City of Coyote contracts to build a bus stop for schoolchildren costing $13,800 as a special assessments project. The city collects $13,800 from directly affected citizens. The government has no obligation in connection with this project. The city records both a $13,800 revenue and a $13,800 expenditure in the capital projects fund. In preparing government-wide financial statements, the city records an asset and a general revenue for $13,800. In the general information, the capital projects fund reports a $60,250 increase in its fund balance for the year. What was the correct change in the capital projects fund balance during 2020?
A copper mining operation discharges waste products into a river and causes higher costs and discomfort to downstream users of the water for which they are not compensated. In this case Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the optimal amount of society's resources is being used to produce copper. b there is an external benefit to society from copper production. Ñ too little of society's resources is being used to produce copper. d too much of society's resources is being used to produce copper.
A copper mining operation discharges waste products into a river and causes higher costs and discomfort to users of the water is justified as there is an external benefit to society from copper production.
Copper mining is mostly done in an open-pit mining format, in which a series of steppes are dug deeper and deeper on the earth's surface over time. To remove the ore, boring machinery is utilized to drill deep holes into the hard rock, and explosives are used in the drill holes to cause a blast and break the rock.
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three key interdependent strategic leadership activities are designing the organization, maintaining its direction, and nurturing a culture dedicated to excellence and ethical behavior. true or false
The following statement "three key interdependent strategic leadership activities are designing the organization, maintaining its direction, and nurturing a culture dedicated to excellence and ethical behavior" is False.
Culture is an umbrella term that encompasses the social behavior, institutions, and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups. Culture often originates from or is attributed to a specific region or location.
Humans acquire culture through the learning processes of enculturation and socialization, shown by the diversity of cultures across societies. A cultural norm codifies acceptable conduct in a community; it serves as a guideline for behavior, dress, language, and demeanor in a situation, which serves as a template for expectations in a social group.
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The cost of using a long-term asset (such as a vehicle), that will be used in a business for several years is spread over the asset's useful life. Its annual allocated cost appears on the income statement as a(n) _____ expense.
variable
inventory
depreciation
receivable
The book value of fixed assets is reduced as a result of depreciation. Depreciation is the term used to describe how assets lose value over time as they become outdated.
Which property types can be depreciated?The IRS has detailed regulations regarding the kinds of assets that can be depreciated for accounting purposes. In order for an asset to be depreciable, the IRS says that You are my owner utilized in your business or to generate revenue and possess a known useful life to be anticipated to last for longer than a year.
Which assets are not subject to depreciation?Nothing that does not wear out, get outdated, or get used up is eligible for depreciation because it does not meet IRS requirements. Moreover, you cannot depreciate.
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which of the graphs depicts the situation for a profit-maximizing firm in a monopolistically competitive market? group of answer choices a. panel b b. panel d c. panel c d. panel a
Option c is correct. Both panel c and d depicts the situation for a profit-maximizing firm in a monopolistically competitive market.
When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation.
When numerous businesses offer products that are similar but not identical, monopolistic competition ensues.
In monopolistic competition, businesses use price and marketing methods to distinguish their goods.
In monopolistic competition, there are little expenses or other impediments that prohibit new rivals from entering a market.
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which of the following statements is correct? in contrast to competitive goods markets, in the labour market, sellers have market power. the market clears in both competitive goods and labour markets. the market equilibrium is efficient (no deadweight loss) in both the competitive goods market and the labour market. unlike in the competitive goods market, the exercise of power affects outcomes in the labour market.
Unlike in the competitive goods market, the exercise of power affects outcomes in the labor market. This statements is correct.
In economics, the term "competitive market" describes a marketplace where there are many customers and sellers and where no one buyer or seller has a significant impact on the market. Unrestricted access, a large number of customers and sellers, and uniform products are characteristics of competitive marketplaces.
The cornerstone of a robust American economy is healthy market competition. The fundamentals of economics show that when businesses compete for customers, consumers benefit from cheaper pricing, better products and services, more variety, and more innovation.
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the following information is given for a cpm network: activity predecessor successor normal time normal cost crash time crash cost a --- b, c 5 $ 60 2 $ 125 b a d, c 4 70 2 90 c a, b d 6 80 3 150 d b, c --- 3 40 1 60 what is the project cost if the project is crashed by one day? multiple choice $125 $250 $270 none of these choices are correct.
The following information is given for a Cpm network: activity predecessor successor normal time normal cost crash time crash cost:
A - C - D .
What exactly is a CPM network?The least reliable method for predicting how long a project will take is the sequence of activities. It is founded on an assessment of the typical amount of time required to complete a task. The project's time and budget are managed by CPM.
With this approach, the project's critical path is formed by determining which project tasks are most important. The critical actions are those with a total float value of '0'.
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1. Ease of formation, flexibility and diversity of management are advantages of the _____ form of business ownership.
a. partnership
b. joint venture
c. cooperative
d. conglomerate
e. corporation
The partnership type of corporate ownership has benefits such as simplicity in creation, adaptability, and diversity in business ownership.
The act of producing, purchasing, and reselling goods for financial gain is referred to as business. "Any activity or enterprise performed for profit" is also included.
Since the business entity is not legally distinguishable from the ownership by the use of a business name, the owner of the business is accountable and liable for any commitments made by the business. If a business accumulates debt, creditors may seize the owner's personal belongings. In a business structure, corporate tax rates are not permissible. The proprietor is required to pay personal taxes on all business income.
The expression is widely used colloquially to describe an organization, such as a corporation or cooperative (but not by lawyers or governmental officials).
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Understanding the character of problems and gaining empathy for people are critical factors for helping you inform your judgment about
Understanding the character of problems and gaining empathy for people are critical factors for helping you inform your judgment about market risk.
Market risk is the chance that a person, business, or other entity will lose money as a result of events that have an impact on how well investments perform overall in the financial markets.
Investors and analysts use the value-at-risk (VaR) method to calculate market risk. VaR modeling is a statistical risk management technique that calculates the potential loss of a stock or portfolio as well as the likelihood that it will happen.
Empathy-driven decision-making implies that you are aware of others' needs even if you don't share them.
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which is not an expense account rent expense, repairs expense, advertising expense, interest expense, accrued expenses
Among the listed accounts, accrued expenses is not an expenditure account.
An expense account is the right to have money spent by employees for employment-related purposes refunded. A few common expense categories include cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery costs, income tax expenditure, insurance expense, interest expense, and advertising expense.
It is simpler to keep track of and arrange the numerous expenses that your business accrues over time using an expense account. In an expense account, expenses are raised by debits and lowered by credits. Your expenditure account grows as you make purchases.
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Most users rely on general purpose financial statements, which Include which of the following?(Check all that apply.)Notes to financial statementsStatement of cash flows'Balance sheetStatement of retained earningsIncome statement
Most users rely on general-purpose financial statements, which include the balance sheet statement.
What is a balance sheet?A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. The balance sheet is one of the three main financial statements used when evaluating a business. It provides a snapshot of a corporation's assets and liabilities as of the publication date.What is a balance sheet used for?A balance sheet gives you a brief snapshot of the financial state of your business at any particular time. Business leaders can examine the financial health of their company using a balance sheet, an income statement, and a cash flow statement. When a company has a healthy balance sheet, its core operations will be funded with the right amount of working capital (current assets less current liabilities), ultimately generating revenue and profit.Most users rely on general-purpose financial statements, which include the balance sheet statement.
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an important quality of a good board of directors is that they do not get involved in critiquing company strategies
The statement which suggests that important quality of a good board of directors is that they do not get involved in critiquing company strategies is false.
Board of Directors a group of senior executives and experts who take decisions for the efficient working of their firm. It is not advisable that they remain quiet on the company policies and strategies, rather they must always remain vocal to provide constructive criticism to the company. It helps the company officials to look forward towards greater changes and which strategies they must focus upon to ensure larger overall profits. It enables valuable growth of the company and its employees and also rectifies the errors which may be present in the quality management of the firm.
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high-low cost estimation assume the local yrc worldwide delivery service hub has the following information available about fleet miles and operating costs: year miles operating costs year 1 695,000 $219,500 year 2 855,000 267,500 use the high-low method to develop a cost-estimating equation for total annual operating costs. total annual costs
If only mixed cost data is available, the high-low cost estimation model is used to separate the fixed cost from the variable cost. This approach is frequently used by businesses to create cost models for cost forecasting.
To begin, we calculate the variable cost as follows: Variable Cost = Total Variable Costs x Total Number of Units.
How are variable and fixed costs calculated?Calculate all of your production costs first. Be clear about the costs that are fixed and the costs that are variable. Variable costs are subtracted from the total cost of production and multiplied by the number of units produced. Your total fixed cost will be shown to you by this.
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a swot analysis begins by examining ____ factors that could influence a company in either a positive or negative way.
A SWOT analysis begins by examining external factors that could influence a company in either a positive or negative way.
An analysis of your company's strengths, weaknesses, opportunities, and threats, or SWOT, is a planning procedure that aids in overcoming obstacles and identifying potential new business prospects.
A SWOT analysis' main goal is to assist enterprises in fully understanding all the variables that go into choosing a course of action. During a study to determine the reasons why business planning repeatedly failed, Albert Humphrey of the Stanford Research Institute developed this strategy in the 1960s. Since its inception, SWOT analysis has emerged as one of the most effective tools for business owners to launch and expand their enterprises.
According to Bonnie Taylor, chief marketing strategist of CCS Innovations, "it is hard to effectively map out a small business's future without first examining it from all angles, which involves an extensive look at all internal and external resources and risks." A SWOT analysis does this in four simple phases that even inexperienced business leaders may comprehend and adopt.
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Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. The amount of revenue collected by the government from the tariff is
PS please explain
Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. The amount of revenue collected by the government from the tariff is $12,000.
Revenue is the whole quantity of income generated by the sale of products or offerings related to the employer's number one operations. sales, also referred to as gross sales, is regularly called the "top line" as it sits at the pinnacle of the profits assertion. earnings, or net income, is a organisation's total earnings or income.
Revenue is any other phrase for the amount of money a enterprise generates from its sales. sales is most virtually calculated because the variety of devices offered multiplied by way of the selling price. because sales do no longer account for costs or prices, a company's income, or bottom line, will be lower than its sales.
Revenue is the money earned with the aid of a organization received primarily from the sale of its services or products to clients. There are unique accounting policies that dictate while, how, and why a company acknowledges sales. for instance, a enterprise can also get hold of coins from a patron. however, a agency might not be able to understand sales till they've finished their a part of the contractual responsibility.
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a student takes out two loans totaling $3000 to help pay for college expenses. one loan is at 8% interest, and the other is at 10%. interest for both loans is compounded annually. if the first- year interest is $264, write a system of equations whose solution is the amount of each loan.
The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place. The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized. An index of the preference for a dollar of present [income] over a dollar of future [income] has been used to describe the interest rate. The borrower needs or wants to have money as soon as possible.
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golden corporation's current year income statement, comparative balance sheets, and additional information follow. for the year, (1) all sales are credit sales, (2) all credits to accounts receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to accounts payable reflect cash payments for inventory, and (5) any change in income taxes payable reflects the accrual and cash payment of taxes.
At December 31, there was $1,72,000 in cash.
According to the information provided in the inquiry, the company's net income is $148,800.
The following adjustments are made to net income to net cash generated by operations:
the comparative balance sheet as follows
The accounts had a decrease of $16,000.
-$79,000 worth of inventory has increased.
An increase in accounts payable of $24,000
The increase in income taxes due is $6,900
The amount deducted for depreciation is $54,000.
There is $138,700 in net cash provided by operating activities.
money flows from investing activities: $49,000 in equipment purchases
Net cash used for investing was $49,000 less.
financial activity cash flows: money obtained from stock issuing Paid in cash: $64,000 for cash dividends $ -97,000
$33,000 less was used to finance activities on net.
Net cash growth (decline) $56,200
Cash on hand as of December 31 of the previous year: $157,800
cash on hand as of At December 31, there was $1,72,000 in cash.
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