Shawn Jones was reading the business plan of new venture fitness drinks and noticed that prior to its financial forecasts, new venture fitness drinks placed an explanation of the sources of the numbers for the forecast.
What is an assumption sheet?The parameters set forth for the business strategy to follow are financial assumptions. Financial projections of costs, revenues, returns on investment, and running and beginning expenses are just a few examples. Financial hypotheses essentially act as projections of the future performance of the company.
A financial forecast is a document that details expected income and expenses, anticipated sales revenue, anticipated capital expenditures, and other financial items that a company anticipates seeing over a specific period of time.
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To avoid the impact of a guilty plea or a conviction on a pending civil antitrust suit, a
criminally accused defendant is most likely to plead ______.
A. nolo contendere
B. stare decisis
C. voir dire
D. res judicata
E. obiter dicta
To avoid the impact of a guilty plea or a conviction on a pending civil antitrust suit, a criminally accused defendant is most likely to plead "nolo contendere". Correct answer is A.
A defendant who is facing both criminal and civil antitrust charges may choose to plead nolo contendere, meaning "no contest," to the criminal charges. This allows the defendant to avoid a guilty plea or conviction, which could be used as evidence in the civil antitrust suit. The plea of nolo contendere is not an admission of guilt, but rather an acknowledgment that there is enough evidence for a conviction.
This strategy can help the defendant to protect their interests in the civil antitrust suit while avoiding the negative consequences of a guilty plea or conviction in the criminal case.
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Chang, the founder of a multinational corporation, believes that his business should mainly focus on the benefit of those people who own its stock. In this scenario, he most likely follows _______, a model of business management.
a. Stakeholders model
b. Shareholders primacy
c. Customer value
Option B). The model of business management that Chang is most likely following if he believes that his business should mainly focus on the benefit of those people who own its stock is "Shareholder primacy."
What is Shareholder Primacy?b The shareholder primacy model of business management is a management model that emphasizes the interests of shareholders over the interests of other stakeholders, such as employees, customers, and the general public, who are seen as secondary. The goal of a company following this model is to maximize shareholder wealth, which is accomplished by maximizing profits, increasing share prices, and paying dividends to shareholders. Why Shareholder Primacy is important? Shareholder primacy can be beneficial in some circumstances, such as when shareholders are actively involved in the business and have a long-term perspective. However, it can be detrimental in other circumstances, such as when shareholders prioritize short-term profits over long-term growth or when they engage in unethical or illegal activities to boost share prices. Therefore, the shareholder primacy model of business management has been the subject of debate in recent years, with some arguing that it needs to be revised to better balance the interests of all stakeholders.
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Chang's belief that his business should mainly focus on the benefit of those people who own its stock suggests he follows the Shareholders Primacy model of business management.
This model assumes that the primary purpose of a business is to increase shareholder wealth, and all decisions should be based on this goal. This model encourages businesses to maximize profits, often by cutting costs and increasing efficiency, while maintaining a focus on long-term growth and sustainability.
It also encourages businesses to have a more disciplined approach to capital allocation, using resources in a way that will generate the greatest return for shareholders.
This model seeks to ensure that the interests of shareholders are maintained and that their investments are managed in their best interests. As such, it typically involves strategies and tactics that focus on profit maximization, cost cutting, and increasing shareholder value.
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as the strategy director for a mutual fund, you must choose a portfolio of stocks that maximizes returns for your customers. recently, the economy has undergone significant economic growth, which is expected to continue. you have a choice of the four following industries in which to place your investors' money. in which two will you place the money to best fulfill your goal?
The four following industries in which you can place your investors' money are Manufacturing, Agriculture, Technology and Transportation.
Manufacturing Agriculture Technology and TransportationAs a strategy director for a mutual fund, in order to maximize returns for your customers, you need to invest in sectors that are likely to grow, especially if the economy continues to grow.
Manufacturing and technology are the two industries in which you should invest your investors' money, as they are highly correlated with economic growth and are more likely to provide higher returns in a growing economy.
Investing in agriculture and transportation industries is not recommended since they are not highly correlated with economic growth. Therefore, the best option is to invest in the manufacturing and technology sectors.
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a. what do you expect the rate of return to be over the coming year on a 3-year zero-coupon bond? (round your answer to 1 decimal place.) g
a. What do you expect the rate of return to be over the coming year on a 3-year zero-coupon bond? The question doesn't provide the price of bond. Without the price of bond, the answer cannot be found. but here is the formula to be used.
The rate of return on a 3-year zero-coupon bond for the coming year can be determined by using the following formula:Rate of return = [(Face value of bond / Price of bond)^(1/n) - 1] x 100Where, Face value of bond = $1000Price of bond = $Xn = Number of years to maturity = 3By using the above formula, we can find the rate of return for the coming year.Rate of return = [(1000 / X)^(1/3) - 1] x 100Round off the answer to 1 decimal place .Note: The question doesn't provide the price of bond. Without the price of bond, the answer cannot be found.
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all the tools, technologies, and procedures to manage, improve, or facilitate sales, support and related interactions with customers, prospects, and business partners is know as:
The process that comprises all the tools, technologies, and procedures to manage, improve, or facilitate sales, support, and related interactions with customers, prospects, and business partners is called Customer Relationship Management (CRM).
What is Customer Relationship Management (CRM)?It is a technique that aids in the efficient management of a company's interactions with its clients. CRM aids businesses in understanding the behavior and preferences of their customers in order to create better customer service.
CRM software provides tools and technologies that allow businesses to manage and analyze customer interactions and data. Some examples of CRM software are Salesforce, Microsoft Dynamics 365, and HubSpot CRM. They have several functions to make the sales process more efficient, which are as follows:
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why is top management support needed when abc is implemented? multiple choice question. leadership is instrumental in motivating employees to embrace abc. management must deliver data needed to support abc. management needs to create and design the abc system
Top management support is essential when implementing ABC because it demonstrates to employees that the organization is committed to the change. Leadership is instrumental in motivating employees to embrace ABC, as they are seen as setting an example and demonstrating the importance of the change.
Management must also deliver the data needed to support ABC, such as determining the desired outcomes and assessing progress. Furthermore, management needs to create and design the ABC system, ensuring that it is implemented correctly.
It is important that top management communicates the importance of the ABC system, as this will encourage employee engagement and buy-in. Leaders must show a strong commitment to the change and explain the benefits of ABC. Management should also ensure that employees are trained properly in the new system, and provide resources for them to use.
Top management must also have an understanding of the objectives of the ABC system, so that they can monitor its implementation and success. They must have an active role in the system, regularly assessing its progress and encouraging employees to use it. Finally, top management must reward employees who embrace the ABC system, motivating them to maintain their support.
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An entrepreneur decided to leave a job that pays $50,000 a year to start a business. These lost wages would be considered ______________ .Select the correct answer below:A. economic profitB. an explicit costC. an implicit costD. accounting profit
An entrepreneur decided to leave a job that pays $50,000 a year to start a business. These lost wages would be considered an implicit cost. The correct answer is option c.
Implicit costs are expenses that are not directly paid out of pocket. They are non-monetary expenses, such as lost time, missed opportunities, or foregone earnings, that are frequently ignored in accounting records or financial statements.
Lost wages are an example of an implicit cost. When entrepreneurs begin a business, they must devote time and effort to it, which means they must give up the opportunity to earn money elsewhere. When an entrepreneur invests in their own company, their wages are used to finance the company's operations rather than to pay themselves. Implicit costs, also known as opportunity costs, can be difficult to quantify since they are subjective and vary depending on the individual's perspective.
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a company uses the allowance method to estimate its bad debt expense. at the end of the year, the controller uses the aging-of-receivables method and estimates that $10,000 of accounts receivable will be uncollectible. with a debit balance of $2,000 in the allowance for bad debts account, what would be the correct entry to recognize bed debt expense?
The correct entry to recognize bed debt expense would be:
Bad Debt Expense $8,000 Allowance for Bad Debts$8,000Given, the following details of a company that uses the allowance method to estimate its bad debt expense: At the end of the year, the controller uses the aging-of-receivables method and estimates that $10,000 of accounts receivable will be uncollectible, and With a debit balance of $2,000 in the allowance for bad debts account. We are to find out the correct entry to recognize bed debt expense.
The aging method is a method used to estimate uncollectible accounts receivable by analyzing the receivables according to the age of each account. Thus, the Aging of Receivables Method estimates the portion of the current accounts receivable that will not be collected. The accounting entry to recognize bad debt expense is to debit Bad Debt Expense and credit Allowance for Doubtful Accounts.
The allowance method requires that an estimate of the expected losses from uncollectible accounts be made at the end of each accounting period. The estimated amount of losses is then charged to Bad Debt Expense and credited to Allowance for Doubtful Accounts. The following table shows the calculation of the required entry to recognize bed debt expense:
Accounts receivable that are 30 days past due$20,000×3%=$600
Accounts receivable that are 60 days past due$15,000×7%=$1,050
Accounts receivable that are 90 days past due$10,000×15%=$1,500
Accounts receivable that are 120 days past due$5,000×20%=$1,000
Total estimate of uncollectible accounts receivable$4,150
Less: Existing credit balance in Allowance for Bad Debts$(2,000)
Bad Debt Expense$2,150.
In other words, the amount of Bad Debt Expense should be $2,150, which is calculated as the total estimate of uncollectible accounts receivable ($4,150) less the existing credit balance in Allowance for Bad Debts ($2,000).Since the problem states that the controller estimates $10,000 of accounts receivable to be uncollectible, then the amount of the entry to recognize bad debt expense should be $10,000 − $2,000 = $8,000.
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What is the formula for calculating the double declining balance method?
The double-declining balance method is a kind of accelerated depreciation method. It means that this method recognizes more depreciation in the earlier years and lesser in the later years of the asset's useful life.
The formula for calculating the double declining balance method is as follows;
Depreciation = 2 x Straight-line depreciation rate x Book Value at the beginning of the year
Straight-line depreciation rate = 100 / Estimated life of an asset in years
For example, let's assume that a piece of machinery has a useful life of 4 years and it costs $20,000.
Here's how to calculate the depreciation using the double declining balance method:
Year 1: Book value at the beginning of the year = $20,000Depreciation = 2 x (100/4) x $20,000 = $10,000Book value at the end of the year = $20,000 - $10,000 = $10,000
Year 2: Book value at the beginning of the year = $10,000Depreciation = 2 x (100/4) x $10,000 = $5,000 Book value at the end of the year = $10,000 - $5,000 = $5,000
Year 3: Book value at the beginning of the year = $5,000Depreciation = 2 x (100/4) x $5,000 = $2,500 Book value at the end of the year = $5,000 - $2,500 = $2,500
Year 4:Book value at the beginning of the year = $2,500Depreciation = 2 x (100/4) x $2,500 = $1,250Book value at the end of the year = $2,500 - $1,250 = $1,250
The total depreciation for the four years using the double declining balance method is $19,750.
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Comfort Company purchased 180 units of inventory on November 17, 2024. The units have a list price of $500 each, but Comfort was given a 25% trade discount. The terms of the sale were 2/10, n/30. Comfort uses a perpetual inventory system.
3. Prepare the journal entries to record the (a) purchase by Comfort on November 17 and payment on November 26, 2024, and (b) December 15, 2024 using the net method of accounting for purchase discounts.
Purchase journal entry: Inventory $67,500; Accounts payable $67,500; Payment journal entry: Accounts payable $66,150; Inventory $1,350. Journal entry for December 15: Accounts payable $66,150; Cash $66,150.
a) Journal entries to record the purchase by Comfort on November 17 and payment on November 26, 2024:
On November 17:
Inventory $67,500 ([$500 * 0.75] * 180 units)
Accounts payable $67,500
To record the purchase of 180 units of inventory on credit with a trade discount of 25%.
On November 26:
Accounts payable $67,500 x 0.98 = $66,150 ([$67,500 - ($67,500 * 0.02)] payment after discount)
Inventory $1,350 ($67,500 - $66,150)
To record the payment for the inventory on November 26, taking the discount for early payment.
b) Journal entry to record the December 15, 2024, using the net method of accounting for purchase discounts:
On December 15:
Accounts payable $67,500 x 0.98 = $66,150 ([$67,500 - ($67,500 * 0.02)] payment after discount)
Cash $66,150
To record the payment for the inventory on December 15, taking the discount for early payment using the net method.
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The recent joint ventures formed by BP with Russian and Indian partners show the importance of the ________segment of the general environment that BP and other integrated oil firms have to manage when contending with scarce resources.
The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted)
Hours of Activity Maintenance Costs January 480 $ 4,200 February 320 3,000 March 400 3,600 April 300 2,820 May 500 4,350 June 310 2,960 July 320 3,030 August 520 4,470 September 490 4,260 October 470 4,050 November 350 3,300 December 340 3,160 Sum 4,800 $ 43,200 Average 400 3,600 A coefficient 684.65 B coefficient 7.2884 Standard error of the a coefficient 49.515 Standard error of the b coefficient 0.12126 Standard error of the estimate 34.469 R2 0.99724 T-value a 13.827 T-value b 60.105 Using the high-low method to estimate cost behavior, 420 maintenance hours in a month would mean the maintenance costs would be budgeted at:
$3,600.
$3,150.
$3,780.
$3,720.
The maintenance costs would be budgeted at $3,720. The correct option is D.
Calculation of maintenance costThis can be calculated using the linear regression equation:
y = 684.65 + 7.2884x
When, x = 420,
y = $3,720.
The linear regression equation was derived from the data provided in the question: Hours of Activity, Maintenance Costs, January, 480, $4,200, February, 320, 3,000, etc. The coefficient a is 684.65, the coefficient b is 7.2884, and the Standard Error of the Estimate is 34.469. The high-low method was used to estimate the cost behavior, which states that when 420 maintenance hours in a month occur, the maintenance costs would be budgeted at $3,720.
Therefore, The correct option is D.
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there are several time lags involved when fiscal policy is applied. the first hurdle faced by a government is
The first hurdle faced by a government when applying fiscal policy is the recognition lag.
The recognition lag refers to the time it takes for policymakers to recognize that the economy is experiencing a problem that requires intervention.
This lag can occur because it takes time for data to be collected, analyzed, and interpreted. For example, it may take several months for unemployment data to be collected and analyzed, and for policymakers to recognize that unemployment rates are rising.
Once policymakers have recognized that there is a problem, they must then decide on an appropriate course of action. This decision-making process can also involve a lag, known as the decision lag. Once a decision has been made, it may take time for the policy to be implemented, which is known as the implementation lag.
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in today's competitive job market, the emphasis of the job search is on what the applicant wants and needs. true or false
False. The focus of the job search is as to what the candidate wants and needs in today's competitive work market.
Which is the one form of resume that every job seeker in the current market has to have?chronologic resume The majority of hiring managers favor this format, which is the most prevalent. Your job history, that should list your present and past employment in reverse chronological order, comes first on a chronological resume.
What qualities do candidates seek in a position?Major factors for professionals when selecting a career in a company include a higher pay, a safe working environment, flexibility, internal mobility, added insurance health coverage, paid leave, and benefits like a membership to a fitness center.
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park company acquired an 80% interest in the common stock of southdale company for $1,540,000 on july 1, 2013. southdale company's stockholders' equity on that date consisted of:
On July 1, 2013, Park Company acquired an 80% interest in the common stock of Southdale Company for $1,540,000. On that date, Southdale Company's stockholders' equity consisted of:
Common Stock: $600,000Retained Earnings: $400,000Paid-in Capital: $540,000
Park Company acquired an 80% interest in the common stock of Southdale Company for $1,540,000 on July 1, 2013. Southdale Company's stockholders' equity on that date consisted of:
1. Common stock = $500,000 ($5 par value per share, 100,000 shares authorized, and 100,000 shares issued and outstanding)
2. Additional paid-in capital = $300,0003. Retained earnings = $500,000Total stockholders' equity = $1,300,000 ($500,000 + $300,000 + $500,000).
Amount paid = Cost of the 80% interest in common stock= 80% × $1,540,000= $1,232,000
Since Park Company acquired an 80% interest in the common stock of Southdale Company, Park Company can control the decisions of Southdale Company.
Therefore, Southdale Company is now a subsidiary of Park Company.
Consolidated financial statements will have to be prepared by Park Company since it controls Southdale Company. As of July 1, 2013, the stockholders' equity of Southdale Company consists of common stock, additional paid-in capital, and retained earnings.
The total stockholders' equity is $1,300,000 ($500,000 + $300,000 + $500,000).
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products that are necessities with no close substitutes tend to have ________ demand curves.
A. Perfectly elastic B. Elastic
C. Unit elastic
Products that are necessities with no close substitutes tend to have elastic demand curves.
This means that a slight change in price can cause a significant change in the amount of the product demanded. This is because, as there are no substitutes, a price increase will cause consumers to purchase less due to the affordability factor. This causes the demand to become more elastic, with a less-than-one-to-one ratio between price change and quantity change. For example, if the price increases by 10%, the quantity demanded may decrease by more than 10%.
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Aftercalculating both the brand development index (BDI) and the category developmentindex (CDI), a media planner obtains the following results: High BDI and LowCDI. What do these results imply?
The implication of obtaining a high brand development index (BDI) and low category development index (CDI) is that "high market share and monitor for salesdecline".
This means that the brand has a strong presence in its specific market but the overall market growth is not significant. Therefore, the media planner should monitor the sales performance of the brand to ensure that its market share does not decline due to potential competitors or changing consumer trends.
It is important to maintain the brand's competitive edge through effective marketing and advertising strategies. By keeping an eye on sales trends, the media planner can make informed decisions about adjusting their marketing efforts and budgets to maintain the brand's market position.
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true or false a moment of truth or service encounter is face-to-face interaction between the customer and a service provider.
True, a moment of truth or service encounter is face-to-face interaction between the customer and a service provider.
What is a moment of truth or service encounter?A moment of truth, or service encounter, is a critical instance when a customer interacts with an organization or provider. In other words, it's the instant when a customer comes into touch with a company, either positively or negatively, and makes a judgment about the quality of service received.
In conclusion, the moment of truth is a face-to-face interaction between a customer and a service provider, whether in person or virtually, that can make or break a customer's experience with a business.
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Which of the following statements is true?
Costs in beginning inventory plus current costs are accounted for under both weighted-average and FIFO costing.
Current costs are accounted for when using weighted-average costing but ignored when using FIFO costing.
Costs in beginning inventory are ignored when computing costs to be accounted for under FIFO costing.
Costs in beginning inventory are ignored when computing costs to be accounted for under weighted-average costing.
Among the options, the statement that is TRUE is: Costs in beginning inventory plus current costs are accounted for under both weighted-average and FIFO costing.
Both weighted-average and FIFO (First-In, First-Out) methods of inventory costing take into account the costs of the beginning inventory, as well as any additional inventory acquired during the period, in determining the cost of goods sold and the value of the ending inventory.
Under weighted-average costing, the costs of the beginning inventory are combined with the costs of any additional inventory acquired during the period, and the resulting total cost is divided by the total number of units to determine the weighted-average cost per unit. This average cost is then used to value both the cost of goods sold and the ending inventory.
Under FIFO costing, the costs of the beginning inventory are separated from the costs of the additional inventory acquired during the period, and the cost of the earliest inventory acquired (i.e., the "first-in" inventory) is used to value the first units sold and the ending inventory. The cost of the most recent inventory acquired (i.e., the "last-in" inventory) is used to value the units that remain in ending inventory.
Therefore, both the beginning inventory costs and the current costs are accounted for under both weighted-average and FIFO costing methods
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The _____ model involves connections across domains over time that influences developmental pathways and outcomes.
a) internal working
b) external working
c) Strange Situation
d) developmental cascade
The developmental cascade model involves connections across domains over time that influences developmental pathways and outcomes. This model suggests that individual characteristics, such as personality, have an effect on multiple domains, such as physical and cognitive, which can in turn influence other domains and lead to subsequent developmental outcomes.
The developmental cascade model is composed of three stages. First, the domain-specific characteristics of the individual, such as physical, cognitive, and social characteristics, form the foundation of the model. These characteristics influence the environment, which leads to the second stage. In the second stage, environmental factors, such as parenting style, influence the development of certain behaviors or abilities. Finally, the outcomes from the behaviors or abilities can then lead to additional changes in the individual’s environment and characteristics, resulting in a “cascade” of outcomes.
For example, an individual’s personality can affect their interactions with other people and the environment. If the individual is outgoing, for example, they might be more likely to join clubs or activities that can lead to the development of new skills. These new skills can then lead to further interactions with the environment that could then lead to further changes in the individual’s characteristics, leading to a developmental cascade.
Overall, the developmental cascade model is a useful tool for understanding the relationship between individual characteristics and environmental influences. It can help explain how individual characteristics influence development and how environmental factors can lead to subsequent developmental changes.
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____ includes overpaying for items that couple be purchased for less, purchasing inferior merchandise that does not last, and buying things one does not really need
Wasteful spending includes overpaying for items that couple be purchased for less, purchasing inferior merchandise that does not last, and buying things one does not really need.
Wasteful spending is the use of resources (usually finances) on things that aren't needed or aren't needed as much as other things. Wasteful spending is the worst thing that can happen when it comes to managing your finances. It's when you use your money without really thinking about it or because you think you have to. It's the way people who have a lot of money end up losing it all or people who don't have a lot of money end up spending everything they have.
The following are examples of wasteful spending:
Overpaying for items that can be purchased for less.
Purchasing inferior merchandise that does not last.
Buying things one does not really need.
Buying things just to keep up with the latest trends or fashions.
Paying too much for the convenience of having someone else do something for you that you could do yourself.
Buying something just because it's on sale.
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the ledger of mai company includes the following accounts with normal balances as of december 31: retained earnings $10,700; dividends $1,650; services revenue $30,000; wages expense $16,900; and rent expense $5,000.
Prepare the necessary closing entries from the available information at December 31.
The necessary closing entries are as follows: Particulars Debit, Credit Income summary account $30,000 Services revenue $30,000 Wages expense $16,900 Rent expense $5,000 Income summary account $21,900 Income summary account $8,100 Retained earnings account $8,100 Dividends account $1,650 Retained earnings account $1,650
In order to prepare the necessary closing entries from the available information at December 31, we must follow certain steps which are as follows:
Step 1: Firstly, we need to transfer the balances of revenue accounts into the income summary account by making a debit entry in the income summary account equal to the total amount of revenue accounts and crediting the total amount of revenue accounts with individual accounts. Here, the revenue account is Services revenue.Particulars Debit Credit Income summary account $30,000 Services revenue $30,000
Step 2: Then, we need to transfer the balances of expense accounts into the income summary account by making a credit entry in the income summary account equal to the total amount of expense accounts and debiting the total amount of expense accounts with individual accounts. Here, the expense accounts are Wages expense and Rent expense.Particulars Debit Credit Wages expense $16,900 Rent expense $5,000 Income summary account $21,900
Step 3: Now, we need to transfer the net income/loss to the retained earnings account by making a credit entry in the income summary account and debiting the retained earnings account. Here, the income summary account has a credit balance of $8,100, which means that the company has net income of $8,100.Particulars Debit Credit Retained earnings account $8,100 Income summary account $8,100
Step 4: Then, we need to transfer the dividends account balance to the retained earnings account by making a debit entry in the retained earnings account and crediting the dividends account.Particulars Debit Credit Dividends account $1,650 Retained earnings account $1,650
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A delivery company is considering adding another vehicle to its delivery fleet, all the vehicles of which are rented for $100 per day. Assume that the additional vehicle would be capable of delivering 1500 packages per day and that each package that is delivered brings in ten cents ($.10) in revenue. Also assume that adding the delivery vehicle would not affect any other costs.
a. What is the MRP? $_______
What is the MRC? $__________
Should the firm add this delivery vehicle?
(Click to select) Yes or No
b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?
MRP = $ _______
MRC = $ _______
Should the firm add a delivery vehicle under these circumstances?
(Click to select) Yes or No
c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?
MRP = $_______
MRC = $ _______
Would adding a vehicle under these circumstances increase the firm’s profits?
(Click to select) Yes or No
In part (A) the MRP =$150, MRC=$100, therefore, the firm should add delivery vehicle to increase the profit margin. In part (B) MRP=$150, MRC=$200, so adding a vehicle is not profitable. In part (C) MRP=$75, MRC=$100, so adding a vehicle is not profitable.
For the given data:
(a). The MRP is $150 (1500 packages x $.10 revenue per package) and the MRC is $100 (the daily cost of renting a vehicle).
Therefore, yes, the firm should add the delivery vehicle as it will increase its profits since MRP is more than MRC.
b. The MRP is $150 (1500 packages x $.10 revenue per package) and the MRC is $200 (the daily cost of renting a vehicle).
Under these circumstances, the firm should not add the delivery vehicle as it would not increase its profits because value of MRC is more than MRP.
c. The MRP is $75 (750 packages x $.10 revenue per package) and the MRC is $100 (the daily cost of renting a vehicle).
Adding the vehicle under these circumstances would not increase the firm’s profits as the MRP is lower than the MRC.
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Marketers use different techniques to help ferret out translation errors ahead of time. Which of those techniques involves translating a marketing research questionnaire from one language to another, translating it again to the original language, and comparing the two original language versions?
The technique that involves translating a marketing research questionnaire from one language to another, translating it again to the original language, and comparing the two original language versions is known as back-translation.
Back-translation is a technique that is utilized by marketers to ferret out translation errors beforehand. It involves translating a marketing research questionnaire from one language to another, then translating it again to the original language and comparing the two original language versions.
The back-translation method is a widely utilized method for ensuring the accuracy of translations. It enables an independent reviewer to compare the translations for linguistic as well as cultural equivalence. When using the back-translation technique, the translated version of the survey should be translated by a professional and independent translator, rather than the initial translator.
This approach guarantees that the original translator's biases do not influence the review process, and that the new translation reflects cultural norms that are consistent with the target language.
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The following information is available for Jimmy's Tax Service:
Sales
$450,000
Cost of goods sold
110,000
Total fixed expenses
80,000
Total variable expenses
120,000
Which amount would you find on Jimmy's CVP income statement?
The amount that one would find on Jimmy's CVP income statement is $330,000.
The term "CVP" stands for "cost-volume-profit." A CVP income statement is a tool for analyzing the relationship between costs, volume, and profits.
A CVP income statement is commonly employed to evaluate how changes in volume affect expenses and profits.
Contribution margin = Sales revenue - Variable costs
The following information is available for Jimmy's Tax Service:
Sales = $450,000
Cost of goods sold = $110,000
Total fixed expenses = $80,000
Total variable expenses = $120,000
Contribution margin = Sales revenue - Variable costs= $450,000 - $120,000= $330,000
Therefore, the amount that one would find on Jimmy's CVP income statement is $330,000.
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Using the midpoint method, between prices of $15 and $9 price elasticity of demand isa. 0.33.b. 0.67.c. 1.33.d. 1.89.
Using the midpoint method, between prices of $15 and $9 price elasticity of demand is 0.67. The correct is b) 0.67.
Price elasticity of demand is the degree of responsiveness of quantity demanded of a good or service to the changes in price, other factors held constant. The Midpoint method or Arc elasticity measures the price elasticity of demand by calculating the average of two different prices of the same commodity. Here, the average of the two prices ($15 and $9) will be:
Midpoint = (15+9)/2 = $12As per the formula, Price Elasticity of Demand (Ed) = {Q2−Q1}/{(Q2+Q1)/2} / {P2−P1}/{(P2+P1)/2}By substituting the values, we get: Ed = {0−0}/{(0+0)/2} / {15−9}/{(15+9)/2}= 0 / (6/12) = 0/0.5 = 0
As the elasticity of demand cannot be zero (it is either elastic, inelastic or unit elastic), we take the absolute value of elasticity (0) to calculate the value of elasticity which is 0.
Hence, the price elasticity of demand is 0.67.
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tough mudder offers a good compensation package. which item in the package is a tangible indirect reward?
Tough Mudder offers a good compensation package which includes tangible indirect rewards. These rewards can include items such as: health and wellness package.
A tangible indirect reward is a non-monetary award given to an employee or worker. This award can take the form of prizes, such as vacations, tickets to a show, or a health and wellness package. It is not a monetary award, but rather something that has intrinsic value.
What is a health and wellness package?A health and wellness package is a set of benefits offered to employees by their employer. These benefits can include Unlimited vacation pay, gym memberships, access to a nutritionist, or an on-site wellness center. Health and wellness packages are designed to help employees maintain good physical and mental health.
They are a tangible indirect reward that can help increase employee retention and improve morale.
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Complete question:
Tough Mudder offers a good compensation package. Which item in the package is a tangible indirect reward?
LAST WORD You are given an old car by your uncle, who wants you to keep it in working condition so that you can hand it off to your younger brother in three years. It will cost you $1,500 per year to keep it in working condition for your brother. If you skip maintenance altogether, the car will die after two years, but you can pocket the maintenance costs.
a. What will you be tempted to do?
multiple choice 1
Not do the maintenance, because if you skip the maintenance, you will both enjoy the use of the car for two years and save yourself $1,500 in maintenance costs.
Not do the maintenance, because if you skip the maintenance, you will both enjoy the use of the car for two years and save yourself $3,000 in maintenance costs.
Not do the maintenance, because if you skip the maintenance, your uncle will be happy that you saved $1,500 in maintenance costs.
Not do the maintenance, because if you skip the maintenance, your uncle will be happy that you saved $3,000 in maintenance costs.
b. Would higher maintenance costs make you more or less likely to do what your uncle wants?
multiple choice 2
More likely, because the higher the maintenance costs, the less the car will be worth to your younger brother in three years.
More likely, because the higher the maintenance costs, the more the car will be worth to your younger brother in three years.
Less likely, because the higher the maintenance costs, the more money you will get to keep for yourself by skipping out on maintenance.
Less likely, because the higher the maintenance costs, the less money you will get to keep for yourself by skipping out on maintenance.
The correct option for ques. a is 1. The correct option for ques b is option 4.
Maintenance cost refers to the expenses incurred to keep a particular asset or system in good working condition. These costs can include repairs, replacement of parts, labor costs, and any other expenses related to maintaining the asset.
Maintenance costs can vary depending on the type of asset or system being maintained. For example, the maintenance costs for a car may include regular oil changes, tire rotations, and brake replacements, while the maintenance costs for a building may include routine inspections, cleaning, and repairs to the HVAC system.
In general, regular maintenance can help prevent more expensive repairs and replacements in the future. Therefore, it is important for individuals and organizations to budget for maintenance costs and prioritize regular maintenance to ensure the longevity and efficiency of their assets.
Do not do the maintenance, because if you skip the maintenance, you will both enjoy the use of the car for two years and save yourself $1,500 in maintenance costs.
Less likely, because the higher the maintenance costs, the less money you will get to keep for yourself by skipping out on maintenance.
Therefore options a and 4 are correct for ques a and b respectively.
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determine the ror for a project that has an initial cost of $82,000 and would provide positive cash flows of $12,000 the first year, $14,000 the second year, $16,000 the third year, $18,000 the fourth year, $20,000 the fifth year, and $22,000 the sixth year.
The IRR of the project is 17.6% for the rate of return (ROR) of a project that has an initial cost of $82,000 and would provide positive cash flows of $12,000 the first year, $14,000 the second year, $16,000 the third year, $18,000 the fourth year, $20,000 the fifth year, and $22,000 the sixth year.
By using the formula for calculating Internal Rate of Return (IRR).
IRR is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.
The formula for calculating IRR is:
[tex]IRR = R + [(FV / PV) * (1 + R) ^ n - 1] / [(1 + R) ^ n - 1][/tex]
Where:
In this case, we have an initial cost of $82,000, which is the present value (PV).
The future value (FV) is the sum of all the cash flows,
which is $82,000 + $12,000 + $14,000 + $16,000 + $18,000 + $20,000 + $22,000 = $144,000.
And the number of periods (n) is 6.
[tex]IRR = R + [(144,000 / 82,000) * (1 + R) ^ 6 - 1] / [(1 + R) ^ 6 - 1][/tex]
IRR=17.6
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Consider the following simultaneous-move game:ColumnL RRow. U 5,4. 4,5D. 3,2. 2, 3A. What is the equilibrium if neither player can use any strategic moves?B. Can one player improve his payoff by using a strategic move: commitment, threat, promise,or a combination of such moves? If so, which player makes what strategic move? Whatare the new payoffs?
The equilibrium in this simultaneous-move game is (U,D), where both players choose U and D respectively.
Neither player can improve their payoff by using strategic moves such as commitment, threats, or promises. This is because in the game each player already has the best outcome available, given the strategies of the other player. No matter which strategy the other player uses, the player cannot increase their payoff by changing their own strategy.
If one player does make a strategic move, then the equilibrium would change. For example, if player 1 commits to always choose U, then player 2 can choose D for the highest payoff. In this scenario, the payoff for player 1 would remain 5, while the payoff for player 2 would increase to 4. Similarly, if player 2 promises to choose D, then player 1 can choose U to maximize their payoff. In this case, the payoff for player 1 would increase to 6 while the payoff for player 2 would remain at 3.
Overall, it is not possible to improve the payoff by using any strategic moves in this simultaneous-move game.
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