Business

As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the ________ for new model to be _________ than the old model.
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Classify each of the following based on the macroeconomic definitions of saving and investment. Saving Investment Edison purchases a certificate of deposit at his bank. Maria purchases stock in NanoSpeck, a biotech firm. Hilary purchases new ovens for her cupcake-baking business. Kevin takes out a loan and uses it to build a new cabin in Montana.
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If an adjusting entry is not made for an accrued expense,a. expenses will be overstated,b. liabilities will be understated.c. net income will be understated.d. equity will be understated.
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Which interface element is context sensitive, depending on what object is currently open?the ribbonthe title barthe templatethe database format
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De los componentes de la Matriz DOFA, cul elemento se define como las acciones externas de otros actores, que afectan negativamente la empresa. Las oportunidades Las Fortalezas Las Debilidades Las amenazas
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Tomorrow Publications collects magazine subscriptions from customers at the time subscriptions are sold. Subscription revenue is recognized over the term of the subscription. Tomorrow Publications collected $20 million in subscription sales during its first year of operations. At December 31, the average subscription was one-fourth expired. When Tomorrow Publications collects the subscriptions from customers, which of the following account will be credited?a. Subscriptions Expense. b. Unearned Subscriptions Revenue. c. None of the other three answers is correct. d. Cash
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TB MC Qu. 13-81 (Algo) A customer has requested that ABC Corporation... A customer has requested that ABC Corporation fill a special order for 2,800 units of product S47 for $32 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $17.70: Direct materials $ 5.20 Direct labor 3.00 Variable manufacturing overhead 2.30 Fixed manufacturing overhead 7.20 Unit product cost $ 17.70 Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like modifications made to product S47 that would increase the variable costs by $1.30 per unit and that would require an investment of $16,000.00 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be:
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At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance method to account for bad debts. The entry to record this adjusting entry would include a: Multiple choice question. debit to Allowance for Doubtful Accounts and credit to Bad Debts Expense debit to Accounts Receivable and credit to Bad Debts Expense debit to Bad Debts Expense and credit to Accounts Receivable debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
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Trainees are put through a two-month school. The fixed cost of running one session of this school is $150,000. Any number of sessions can be run during the year but must be scheduled so that the airline always has enough flight attendants. The cost of having excess attendants is simply the salary that they receive, which is $15,000 per month. How many sessions of the school
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On April 1, 2020, Wildhorse Company assigns $539,700 of its accounts receivable to the Third National Bank as collateral for a $304,400 loan due July 1, 2020. The assignment agreement calls for Wildhorse to continue to collect the receivables. Third National Bank assesses a finance charge of 3% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type).Required:a. Prepare the journal entry for Rasheed's collection of $350,000 of the accounts receivable during the period from April 1, 2014, through June 20, 2020.b. On July 1, 2020, Rasheed paid Third National all that was due from the loan it secured on April 1, 2020. Prepare the journal entry to record this payment.
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Rooney Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the segment is eliminated, the building it uses will be sold. Advertising expense $ 81,000 Supervisory salaries 170,000 Allocation of companywide facility-level costs 65,000 Original cost of building 118,000 Book value of building 62,000 Market value of building 84,000 Maintenance costs on equipment 73,000 Real estate taxes on building 12,000 Required Determine the amount of avoidable cost associated with the segment.
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Pina Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $864,000 $917,000 $909,000 Excess depreciation expense on tax return (30,400) (38,500) (9,800 ) Excess warranty expense in financial income 19,400 10,100 8,300 Taxable income $853,000 $888,600 $907,500 The income tax rate for all years is 20%.a. Assuming there were no temporary differences prior to 2017, prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019.b. Indicate how deferred taxes will be reported on the 2019 balance sheet. Martinezs product warranty is for 12 months.c. Prepare the income tax expense section of the income statement for 2019, beginning with the line "Pretax financial income."
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Teecorp Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Labor $320,000 8,000 hours Gas $36,000 6,000 gallons Invoices $40,000 2,500 invoices Total costs $396,000 The above activities used by their three departments are: Lawn Department Bush Department Plowing Department Labor 2,500 hours 1,200 hours 4,300 hours Gas 1,700 gallons 800 gallons 3,500 gallons Invoices 1,600 invoices 400 invoices 500 invoices How much of the labor cost will be assigned to the Bush Department
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Why is a bank more likely to offer you credit if you have a co-singer with good credit?
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Which rules are part of referential integrity? Check all that apply.The tables must use a junction tableThe primary table must have a primary keyThe tables must belong to the same database.The related fields should have the same data type.The related fields should be combined as a composite key.The destination table must be linked through its primary key
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McGill and Smyth have capital balances on January 1 of $50,000 and $40,000 respectively . The partnership income sharing agreements provides for (1) annual salaries of $22,000 for Mcgill and $13,000 for Smyth (2) interest at 10% on beginning capital balances and (3) remaining income or loss to be shared 60% by McGill and 40% by Smyth . (a) Prepare a schedule showing the distribution of net income assuming net income is (1) $50,000 and (2) $ 36,000 (b) Journalize the allocation of net income in each of the situation above .
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Pina Colada Corp. just began business and made the following four inventory purchases in June: June 1 171 units $1026 June 10 228 units 1596 June 15 228 units 1824 June 28 171 units 1539 $5985 A physical count of merchandise inventory on June 30 reveals that there are 228 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1995. $2052. $1369. $1425.
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Roy DeSoto earns a regular hourly salary of $24.00. He is paid time-and-a-half for all hours in excess of 40 in the week. For the week ended March 8, 20X1, he worked a total of 60 hours. His gross wages year to date, prior to his March 8, paycheck, are $12,160. Social Security Tax is 6.2% on a maximum of $132,900 of gross wages per year, Medicare Tax is 1.45%, federal unemployment tax is 0.6% and state unemployment tax is 4.2%, both on a maximum of $7,000 of gross wages per year. What is the employer's payroll tax expense for Roy for the week ended March 8, 20X1
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n an arm's length channel system where the supplier/steward exerts little direct control over channel intermediaries, the channel steward may have to resort to performing value-adding activities itself, such as TV advertising, consumer promotions, and so on, so that even before the consumer enters the store, she or he is looking only for the supplier's brand. Which promotional strategy does this discussion describe
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The Landrum Company provides the following standard cost data per unit of product: Variable overhead $ 8.00 Landrum anticipated that they would produce and sell 24,000 units. During the period, the company produced and sold 25,000 units, incurring $210,000 of variable overhead costs. The variable overhead flexible budget variance was: Multiple Choice $8,000 unfavorable. $8,000 favorable. $10,000 unfavorable.
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Suppose the initial inflation rate and inflation target are both 2%, that the real federal funds rate is 2%, and that the economy is at the full employment level of output. According the Taylor Rule, the federal funds target should be . Suppose now that the inflation rate changes to 6%. The Taylor Rule now prescribes that the federal funds target should be
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Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying to decide if they are both going to keep working. What disadvantage will they likely experience if they choose a single income option?A. They will have higher costs for childcare.B. They will have a greater amount of financial income.C. They will have less time to spend with their new baby.D. They will have less disposable income.
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Sara would like to open a bank account. What will she need to do this? Choose three answers.identification cardhigh school diplomamoney to start the accountbirth certificateproof of address
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A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, and rises to $32 before the expiration date. What is the maximum profit per unit to the speculator who owned the put option assuming he or she exercises the option at the ideal time
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