Open-to-buy for a store is equals to $1,325. It is a measure of the amount of money available to a retailer to purchase additional merchandise. It is used to help manage inventory and cash flow.
Open-to-Buy = (Planned Purchases) - (Orders Received + Merchandise Ordered)
Open-to-Buy = $3,500 - ($975 + $1,200)
Open-to-Buy = $1,325
In the example given, the retailer has planned to purchase $3,500 worth of merchandise. The total amount of orders received is $975 and the total amount of merchandise ordered is $1,200. When these figures are subtracted from the planned purchases, the Open-to-Buy is calculated to be $1,325.
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Attractive industries have all of the following except:
a) high supplier power
b) low buyer power
c) high entry barriers
d) low rivalry
A strong supplier base A high degree of supplier power would enable suppliers to increase their share of industry value.
What causes supplier power to grow?If the customer is not price sensitive and is not knowledgeable about the product, the supplier has a lot of power. High supplier bargaining power results from the provider's highly differentiating product. If the buyer does not account for a sizable amount of the supplier's sales, the supplier has strong negotiating power.
What does a low supply power level mean?Low supplier power, as determined by the Porter's Five Forces analysis of supplier power, boosts the buyer's profit potential and improves the attractiveness of an industry. High supplier power, on the other hand, detracts from an industry's appeal and lowers the buyer's potential for profit.
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Equipment acquisitions that are misclassified as maintenance expenses most likely would be detected by an internal control activity that provides for
a) segregation of duties for employees in accounts payable department
b) independent verification of invoices for disbursements recorded as equipment acquisitions
c)investigation of variances within a formal budgeting system
d) authorization by the board of directors of significant equipment acquisitions
Internal control activity that provides for the investigation of variances within a formal budgeting system.
The budgeting system is what?The President and Congress can select how much money to spend, what to spend it on, and how to raise the money they have decided to spend using the budget system of the United States Government.
What is internal control?Internal control is a practice used by management, the board of directors, and other employees of a firm with the goal of providing a reasonable level of assurance that the data is accurate, timely, and reliable. of compliance with pertinent laws, regulations, rules, agreements, policies, and procedures.
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When you look for the best mortgage, you should consider _____. the appraised value of the home and whether it is a fixed or variable rate the appraised value of the home and whether it is a fixed or variable rate the amount of down payment required, the loan period, the PMI, and property taxes the amount of down payment required, the loan period, the PMI, and property taxes the cost of homeowner’s insurance, interest rates, and amount of down payment required the cost of homeowner’s insurance, interest rates, and amount of down payment required the APR, loan period, and whether it is a fixed or variable rate the APR, loan period, and whether it is a fixed or variable rate
When you look for the best mortgage, you should consider credit score. Among other things, consider your ability to make a down payment, the size of the loan you require, and your repayment timeline.
What do you mean by Appraised value?In order to ensure that your financial lender is not extending an excessively big loan, your home's appraised value is the value that is assigned to it by a qualified real estate appraiser.
The borrower's credit score and report may be one of the main factors affecting a mortgage rate. Your borrowing history, including any late payments, inquiries, credit cards, or loans, is summarized in your credit score.
The credit score of the borrower is used by lenders to determine the loan amount. When determining a person's credit score, important factors like payment history and frequency of credit utilization are taken into account.
Therefore, Credit score is the correct option.
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Why is it difficult to estimate the costs and benefits of mega projects (e.g. airports, stadiums)? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Small scope but large complexity is a double whammy. It is difficult to estimate costs far into the future. Deception may be used in promoting projects. The public good will outweigh the costs. Promoters may be too optimistic or uninformed
While Option A and D are erroneous, Options B, C, and E are correct.
What are the costs and advantages?BCA, often referred to as cost-benefit analysis (CBA) or benefit-cost analysis (BCA), is a rigorous strategy for determining the advantages and disadvantages of various solutions. It is used to pick solutions that will maximize savings while achieving benefits in areas including transactions, activities, and functional business requirements. A CBA can be used to assess current and possible courses of action as well as to establish or compare the value of a decision to its cost. It frequently serves as a tool for assessing corporate decisions, project investments, and commercial or policy options (especially public policy). For instance, before establishing new legislation or dereglementing current regulations, the U.S. Securities and Exchange Commission must conduct cost-benefit studies.
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____ allows a trucking company not only to compare its safety performance with other companies but to also adopt those practices found to be superior.
a. Benchmarking
b. Data decentralization
c. Information processing
d. Mirroring
e. Comparative criterion
A trucking firm can use benchmarking to evaluate its safety performance to that of other businesses and to incorporate any best practices that are discovered.
What exactly is benchmarking?Benchmarking is the process of comparing a firm's products, services, or procedures to those of another company that is regarded as being the "best in class" in the industry. Finding internal improvement opportunities is the goal of benchmarking.
How come it's considered a benchmark?The phrase "benchmark," "bench mark," or "survey benchmark" refers to the lateral marks that surveyors chiseled into stone buildings so that an angle-iron could be used to create a "bench" for just a leveling rod. This allowed leveling rods to be set precisely in the same location in the future.
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Which of the following is a typical amount of petty cash a small business would want to keep on hand
Small businesses keep between $100 and $200 in petty cash to pay for unexpected expenses.
What do you mean by Petty cash?Petty cash is the amount any business or company keeps on hand to make purchases, small payments, and reimbursements.
Petty cash is an amount stored in a petty cash drawer, where it is most needed. A separate accounting system is used to track petty cash transactions. The maximum amount of cash held by a department or office to pay for incidental expenses will not exceed $500.
There are two types of petty cash books:
1. Imprest petty cash book.
2. Columnar or Analytical petty cash book.
Therefore, A typical amount of petty cash a small business would want to keep on hand is between $100 and $200.
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1. Internal links
Are limited since search engine bots do not follow these links to see what content is on the linked-to page
Are helpful because they can help search engines and visitors discover your new content
Are hurtful because they complicate site navigation and user experience
2. The practice of using positive messaging close to the desired click region is an element of
Credibility
Closing
Continuance
Both A and C
None of the above
Closing includes the practice of using positive messaging close to the desired click region, So option B is the correct answer.
What is the definition of closure on a website?The principle of closure describes an individual's proclivity to perceive segmented visual elements as complete or whole objects, even when information is missing. This principle is associated with logo design, but it can have an impact on other visual-design decisions involving icons and various page elements.Closing is the practice of using positive messaging close to the desired click region. Negatively charged words can sometimes prevent you from clicking.Accept the project deliverables, transfer operational and support responsibilities, keep a record of the lessons learned while working on the project, formalize the end, and project closure activities include getting the project sponsor and project manager to sign off.To learn more about closure refer to :
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arguments for the activist approach toward social responsibility of organizations include that it is management's responsibility to earn profits for owners, that potential conflicts of interest occur when managers must meet profit goals and simultaneously enhance social welfare, and that businesses lack the expertise to manage social problems.
Corporate social responsibility (CSR), also referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.
Explanation:An organization's social obligations are those duties that the organization owes to society.
When a company participates in social activities, such as the Walk for Life, awards scholarships, hosts sporting events, and many others, it just raises public knowledge of the company; it does not give the company any new authority over the general populace or another company. Instead, it improved the quality of the participants' lives. Therefore, the notion that commercial involvement in social initiatives results in an overabundance of power cannot be used to discredit social organizations.
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ethan is a salesperson for an industrial equipment manufacturer. once a prospect becomes a new customer, ethan looks for ways to improve the services provided by his company and engages in regular follow-up activities to convert the new customer into a loyal customer. in the context of relationship enhancers, ethan is engaged in .
Ethan seems for methods to enhance the goods and offerings that his enterprise offers for them to be able to convert a brand new client into a devoted client. In different words, Ethan seems for methods to: upload value.
The required details for customer in given paragraph
In sales, commerce, and economics, a client (occasionally referred to as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - acquired from a seller, vendor, or supplier through a economic transaction or exchange for money or a few different valuable consideration. A client might also additionally or might not additionally be a client, however the notions are distinct. A client purchases items; a client uses them. An remaining client might also additionally be a client as well, however simply as similarly might also additionally have bought gadgets for a person else to consume. An intermediate client isn't a client at all. The state of affairs is extremely complex in that remaining clients of so-known as commercial items and offerings (who're entities including authorities bodies, manufacturers, and academic and clinical institutions) both themselves dissipate the products and offerings that they purchase, or include them into different completed products, and so are technically consumers, too.
However, they may be hardly ever known as that, however are as an alternative known as commercial clients or enterprise-to-enterprise clients.
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In the context of affirmative action, opponents have raised concerns that giving preferential treatment to minority groups amounts to:
A) reverse discrimination against groups who do not get the same benefits.
B) adherence to the principle that all individuals are equal under the law.
C) a decrease in the educational opportunities provided to the minority groups.
D) giving equal importance to all individuals irrespective of their race or gender.
Bank assets, primarily bonds, loans, and leases, whose values are sensitive to fluctuations in interest rates; these assets are either repriced or revalued when interest rates fluctuate. Thus, the correct option is (A) reverse discrimination against groups who do not get the same benefits.
What is the difference between loans, and leases?Loan: Typically, rates are variable and dependent on the Prime Rate or another index, such as LIBOR. The monthly payout varies with the index. This is advantageous when interest rates are decreasing and unfavorable when interest rates are rising.
Lease: Unless the lease specifies otherwise, payments are usually fixed for the period of the lease. Constant payments make planning and cash flow management much easier.
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If you had an event on your website triggered by a user watching a video, which of these definitions could be considered an example event parameter? Name of a video watched on your site
The devices users are on when watching a video on your site
How many users opened the page containing a video on your site
How many users viewed a video on your site
The name of a video watched on your site would be considered an event parameter.
Explanation:
An event parameter is a piece of data that provides additional information about an event. In this case, the event is a user watching a video. The parameter would be the name of the video that the user watched.
In computing, a parameter is a special type of the variable used to store information that can be used to control the behavior of a program or system. A parameter is often used as an input to a program or system and can be used to change the output of the program or system. Parameters can be used to provide input to a system, modify the output, or modify the behavior of the system. For example, a program may have a parameter that is used to determine how many items should be displayed or a parameter that is used to control the speed of a game. Parameters can also be used to specify what type of data should be stored in a database, or how the data should be formatted for output. Parameters provide the flexibility to customize the behavior of a program or system, allowing users to tailor it to their specific needs.
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agents are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.
Agents are typically engaged on a commission basis and operate as sales agents for manufacturers or wholesalers. A merchant wholesaler is a middleman who acquires ownership of the commodities. The firm that makes Swiss army knives is called Victorinox.
What are the distribution channel terms for wholesalers and retailers?The marketing channel, also known as the channel of distribution, is made up of these intermediaries, such as middlemen (wholesalers, retailers, agents, and brokers), distributors, or financial intermediaries. These intermediaries generally enter into longer-term obligations with the manufacturer.
What are the distribution channel terms for wholesalers and retailers?These intermediaries, which may include distributors, financial intermediates, or middlemen (wholesalers, retailers, agents, and brokers), often have longer-term agreements with the producer and are is referred to as the distribution channel or the marketing channel.
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in order to avoid losing public support, president nixon informed the american people of his decision to begin bombing cambodia before launching the bombings
On April 30, 1970, President Richard Nixon informed the American people of his decision to begin bombing Cambodia in order to disrupt the supply routes of North Vietnamese forces.
In making this announcement, Nixon sought to avoid losing public support for the Vietnam War. He wanted to ensure that the American people were fully informed of the actions he was taking in the war effort. Nixon argued that the Cambodian bombings would help to protect the lives of American soldiers and those of South Vietnam. He also warned that failure to take this action would result in an increased risk of the conflict spreading to other countries in the region. Nixon was keenly aware that the public had grown increasingly war-weary over the course of the Vietnam War, and he wanted to ensure that his decision to bomb Cambodia would not further erode public support for the war effort.
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costs that have been incurred and not be eliminated regardless of the alternatives chosen are b unavoidable cost c relevant costs d. irrelevant costs
The right response is option A. Spent money.
Sunk costs are expenses that have already been incurred and have no bearing on the choice.
Sunk costs: what are they?Sunk costs are expenses that have previously been paid for but cannot be recovered, often known as retrospective costs. Marketing, research, the purchase and installation of new hardware or software, salaries and benefits, and facility expenditures are a few examples of sunk costs in the business world.
How does the sunk cost effect manifest itself in practice?The sunk cost fallacy is displayed, for instance, when someone decides to sit through a tedious movie because they have paid for the ticket. Another instance is failing to fire a worker who is incompetent because the company has already spent tens of thousands of dollars on their training rather than replacing them.
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A commercial unit is a single whole for the purpose of sale, the division of which impairs its character or value on the market. T/F
It is true that a commercial unit is single whole for purpose of sales, division of which impairs its character or value on market.
What are sales?Sales are actions involving the exchange of products or the quantity of merchandise exchanged over a predetermined period of time. At the point of sale, the seller or provider of the goods or services completes a sale when a purchase, appropriation, requisition, or direct interaction with the consumer takes place. It is common for the seller to carry out the transaction rather than the buyer, and it may be completed before the loan is due. In common law countries, commercial regulations and the common law generally govern sales. Although there are considerable non-uniform variations, the majority of US jurisdictions have ratified Article 2 of the Uniform Commercial Code, which has led to a degree of uniformity in the rules governing the sale of goods.
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If the variable cost per unit decreases while the sales price per unit and total fixed costs remain​ constant, which of the following statements is true​?
A.The contribution margin increases and the breakeven point increases.
B.The contribution margin decreases and the breakeven point increases.
C.The contribution margin increases and the breakeven point decreases.
D.The contribution margin decreases and the breakeven point decreases.
If the variable cost per unit decreases while the sales price per unit and total fixed costs remain constant, the contribution margin increases and the breakeven point decreases. Hence, option C is appropriate.
What is the variable cost?Variable costs are costs that change depending on the amount of a service or product a company produces. Variable costs are the sum of all marginal costs through all produced units. They could also be viewed as regular expenses. The two elements of the total cost are fixed costs as well as variable costs.
Costs that vary as the volume increases are known as variable costs. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. The "Cost of Goods Sold" is the name given to the variable manufacturing costs in some accounting statements.
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Which of the following monetary and fiscal policy combinations would definitely cause a decrease in aggregate demand in the short run
Contractionary fiscal policy refers to the use of fiscal tools to constrict the economy by lowering aggregate demand, which will result in lower output, increased unemployment, and a lower price level. Booms are fixed through contractionary fiscal policy.
What fiscal policy decreases aggregate demand?Consider a scenario where the government wants to stop a growth or reverse a recession. Its specific objectives would be to bring the economy back to full employment or to manage inflation, as appropriate. They may be able to accomplish their objectives with the aid of fiscal policy.Government expenditure and taxes (or transfers, which act as "negative taxes") are the tools of fiscal policy. Expansionary fiscal policy is used to close output gaps because you want to grow an economy that is generating too little (recessions). Expanding fiscal policy involves either raising taxes or cutting spending.A surplus-producing economy needs to be reduced. The best course of action in that situation would be to implement a contractionary fiscal policy, which would entail either raising taxes or reducing government spending.As an illustration, if Burginville is going through a recession, the government may issue tax refunds to everyone (an example of expansionary fiscal policy). What will transpire is as follows: An increase in discretionary income results from the tax refund. Consumption rises as a result of higher disposable income, and consumption rises as a result of higher aggregate demand. Gains in output and a decline in unemployment result from rising aggregate demand. Because of the decline in unemployment and the rise in output, inflation will rise as a result.To Learn more About Contractionary fiscal policy refer to:
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the annual average percentage change in real gdp is 2.7%, and the annual average percentage change in velocity is 1.1%. sing the monetary rule discussed in the text, what percentage change in the money supply will keep prices stable (on average)?
In order to keep prices stable on average, the percentage change in the money supply should be 1.6%.
The monetary rule discussed in the text states that in order to keep prices stable (on average), the percentage change in the money supply should be equal to the sum of the percentage change in real GDP and the percentage change in velocity.
Using the given figures, we can calculate the required percentage change in the money supply:
Percentage Change in Money Supply = 2.7% + 1.1% = 1.6%
This means that the money supply should increase by 1.6% each year in order to maintain price stability.
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it is fairly simple to prevent contingent workers from passing on corporate processes and strategies to subsequent employers. t/f
It is false that it is fairly simple to prevent contingent workers from passing on corporate processes and strategies to subsequent employers.
Labor that is contingent, casual, or contract-based is seen as temporary employment because it often involves part-time work with fluctuating hours and offers little job security. Freelancers frequently report wages higher than their old formal positions, despite having less work security.
Other names for contingent workers include consultants, freelancers, independent professionals, temporary contract workers, or temps.
The atypical workforce includes "many job holders, contingent and part-time workers, and persons in alternative work arrangements," according to the US Bureau of Labor Statistics (BLS).
Currently, a sizeable component of the US workforce consists of these workers, and "almost four out of five employers, in establishments of all kinds and industries, use some type of nontraditional staffing," according to the study.
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If a firm in a perfectly competitive industry is confronted with an equilibrium price of $5.00, its marginal revenue
A. may be either greater or less than $5.00.
B. will also be $5.00.
C. will be less than $5.00.
D. will be greater than $5.00.
If a perfectly competitive industry firm is confronted with an equilibrium price of $5.00, its marginal revenue will also be $5.00.
In a perfectly competitive market, firms are price takers, meaning they have no control over the price of the product they are selling. In a PC perfectly competitive market, a firm's revenue from selling the final unit of a manufactured good is known as the marginal revenue (MR). When an extra or additional unit is sold, it increases the company's overall revenue or the total revenue (TR), the total amount collected by selling a fixed quantity of the manufactured good.
Therefore,
TR = Total sales revenue from selling a given quantity = P × Q
Now, by the definition, MR = differentiation of TR with respect to Q
So,
Differentiation of TR (where TR = P × Q) with respect to Q is equal to product price P.
In the question, It is given that a firm's product price at equilibrium in a PC industry = $5.00
Therefore,
MR of the firm = P = $5.00
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TRUE/FALSE. ensure maximum return for its investment, the process and procedures for selling scrap and surplus must cover a broad range of activities including segregation and storage, weighing and measuring, delivery, negotiation, supplier selection, and payment.
True. Ensure maximum return for its investment, the process and procedures for selling scrap and surplus must cover a broad range of activities including segregation and storage, weighing and measuring, delivery, negotiation, supplier selection, and payment.
What is meant by return on investment?The profit you realize from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is typically defined. When ROI is used to determine the benefits and monetary returns of your investment, it is most helpful to your business goals when it pertains to something specific and measurable.
Return on investment (ROI) is a performance metric used to assess an investment's effectiveness or profitability or to compare the effectiveness of several investments. ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
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Business writing should be purposeful, persuasive, economical, and
Pre-writing, drafting, and the final revising stage, which includes editing and proofreading, are the three steps that make up the Business writing process.
What are the three steps in the process of writing a business document?The business message is written in three steps: planning, writing, and finishing. Planning include assessing the situation, acquiring data, deciding on the most effective delivery method for your message, and arranging the data.
Choose the best answer for "What are the three steps in the business writing process?"The phases of business writing frequently cross over. - The planning, writing, and evaluating phases are the three components of successful business writing.
Question: Business writing should be purposeful, economical, and ____. audience oriented. What are the three phases of the writing process?
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In long-run equilibrium in a competitive market, firms are operating at a. the minimum of their average-total-cost curves. b. the intersection of marginal cost and marginal revenue. c. their efficient scale.
d. zero economic profit. e. all of the above.
In long-run equilibrium in a competitive market, firms are operating at: e. all of the above
What is competitive market?A competitive market is market where there are a huge number of sellers and buyers where no individual buyer or seller can affect the price of goods being sold. A competitive market can occasionally be called perfect competition. In a competitive market, no one leads the market and there isn't a difference in quality, price or amount between the rival companies and what they offer.
One of the most important things to learn about competitive markets is the fact that they are theoretical and not actual fact. There are markets that has one of the requirements and characteristics of competitive market, or perfect competition, but still nothing actually fits them all.
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T/F Within the philanthropic perspective of the economic model, socially responsible activities are never done for building the reputation of a firm.
False
It is false that within philanthropic perspective of economic model, socially responsible activities are never done for building reputation of a firm.
What is an economic model?A model in economics is a theoretical construction that represents economic processes through a collection of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, frequently mathematical, framework used to explain intricate processes. Economic models frequently suggest structural variables. A model may contain a variety of exogenous variables, and those variables may alter to produce different responses from economic variables. Investigation, theorizing, and adapting theories to the real world are all examples of methodological uses of models. Given the immense complexity of economic systems, simplification is particularly crucial in the study of economics. Therefore, economists must choose carefully which variables, their relationships, and the best methods for analyzing and presenting this data are significant.
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the phillips curve forecast involves using as part of the y variable with unemployment and as parts of x variables
The Philips curve forecast involves using as part of the y variable with unemployment and as parts of x variables. This statement is true.
What is meant by Philips curve?The average association between wage behaviour and unemployment over the course of the business cycle was illustrated by Phillips' "curve." It displayed the rate of wage inflation that would occur if a specific unemployment rate maintained over an extended period of time. Phillips curve estimates were made quickly for the majority of industrialised economies.
The Phillips curve shows a consistent negative relationship between unemployment and inflation. According to William Phillips' theory, inflation follows economic expansion and should result in more jobs and lower unemployment.
= e h (u u N),h > 0. (1) Here, the inflation rate is, and the predicted inflation rate is e. Here, h is a constant positive coefficient and u is unemployment.
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Which of the following statements is most correct?
a) Regulations in the United States prohibit acquiring firms from using common stock to purchase another firm.
b) Regulations in the United States require acquiring firms to use common stock to purchase another firm.
c) Hostile mergers always create value for the acquiring firm.
d) A conglomerate merger is one where a firm combines with another firm in the same industry
e) None of the above
None of the above is the most correct statement. The correct answer should be Defensive mergers aim to reduce a company's susceptibility to an acquisition.
a scenario in which one business joins forces with another in an effort to prevent a third business from acquiring it: The takeover bid has compelled them into a defensive merger with their biggest rival.
Defensive acquisitions are a type of corporate finance strategy in which businesses buy other businesses and assets to "defend" themselves from market downturns or potential takeovers. The typical motivation for an acquisition, which is typically increased market share or revenue, contrasts with a defensive acquisition.
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The management of serpas corporation is considering the purchase of a machine that would cost $180,000, would last for 5 years, and would have no salvage value. the machine would reduce labor and other costs by $46,000 per year. the company requires a minimum pretax return of 13% on all investment projects. the net present value of the proposed project is closest to: a. $27,138 b. $50,000 c. -$18,218 d. -$33,565
The proposed project's net present value is closest to -$18,218.
What is salvage value?Salvage value is an asset's anticipated book value after depreciation, based on what a firm anticipates obtaining in exchange for the asset at the end of its useful life. As a result, an asset's projected salvage value is a key factor in determining a depreciation schedule.
Saving costs of $46000 per year can be considered as an annuity for 5 years.
The present value of an annuity of 1 for 13% is
(1-(1+0.13)-5)/0.13 = 3.517
Thus, the present value of an annuity
46000 - $46000 x 3.517 = $161782
The initial investment is $180,000.
Thus the net present value is
161782 - 180000 = -$18218
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Rebecca wants to borrow $5,000 for 4 years. She will repay the debt, plus the finance charges in one lump sum at the end of the 4-year period. If the lender charges her 7% simple interest, how much will Rebecca pay in finance charges?
-$960
-None of the above
-$800
-$1400
Option (d), Rebecca requests a $5,000 loan with a four-year term. At the conclusion of the four years, she will pay out the amount in full, including with the finance costs. Rebecca will be required to pay finance costs of $1400 if the lender assesses a 7% simple interest rate.
What Is Simple Interest, Exactly?The basic interest formula can be used to quickly and simply calculate the amount of interest that will be applied to a loan. The principle, the number of days between payments, and the daily interest rate should all be multiplied to determine simple interest.
The principal is multiplied by the time, interest rate, and time period to determine simple interest. The written formula is "Simple Interest = Principal x Interest Rate x Time." This is the interest calculation formula that is the easiest.
Simple Interest (S.I.) is a formula used to calculate the amount of interest that will be charged on a given principal amount of money at a certain interest rate. For instance, if someone takes out a two-year loan for Rs. 5000 at a rate of 10 p.a., they will be required to pay S.I. on the amount borrowed over those two years.
Amount= (P X R X T)/100
Principal= $5000
Rate= 7%
Time= 4 years
amount= ($5000 X 7 X 4) / 100
= $1400
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sales were $70,000. cost of merchandise sold was 55% of sales. 65% of sales were on open account. [note: record the complete sales entry first, and the complete expense entry second.]
Inventory Account is debited by 38,500 and cost of good sold is credited by 45,500. The price attributed to the goods or services that correspond to client purchases is known as the cost of goods sold.
Expense Entry:
Inventory acc. Dr. 38,500
To cost of good sold acc. 45,500
When referring to products, this typically refers to items that were delivered to customers physically, but it can also refer to items that are still on the business's property due to bill and hold agreements with clients.
In either scenario, the quantity of those products that were either sent to customers or identified as customer-owned under a bill and hold agreement must be deducted from closing inventory by the accountant. The balances in the various inventory asset accounts in the general ledger reflect the real quantity of beginning inventory that the company actually owns.
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Teams and sport organizations must establish objectives before developing and measuring social media marketing strategies True False
True. Prior to creating and evaluating social media marketing strategies, teams and sports organizations must outline their objectives.
What are some of the duties performed by a sport marketer employed by social media?A sports marketer may have a variety of tasks on their plate at any given time, including coordinating ad copy and media buying, media creation, meetings with merchandising teams, developing budgets, creating a social media calendar, planning events and initiatives, and providing innovative writing assistance for press releases.
Why are social media platforms useful to sports teams?Sports fans can interact, respond, and feel more connected to the teams and athletes they love thanks to social media, which is a two-way interaction. Take a look at how sports fans are now utilizing social media: 41% of all sports enthusiasts in the world watch live games on digital media.
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