Answer:
Helps analyze differences between actual and budgeted results
Helps reveal undesirable outcomes
Helps in planning and control activities
Explanation:
A master budget comprised of future income statement or planned operating budget and the future balance sheet or financial budget that represent the goals and objectives of the organization and the ways to achieve them. It identified the actual & budgeted results difference, It disclosed the non-desirable results and also it helps in activities that deals in planning & controlling
Therefore the above statements should be correct
An important sustainability issue that has received much more scrutiny in recent years is the: focus on adequate inventory levels. reduction in packaging waste by using alternate materials. effort to move warehouse storage closer to consumers. emphasis on materials handling and warehouse design. none of the above
Answer:
reduction in packaging waste by using alternate materials.
Explanation:
An important sustainability issue that has received much more scrutiny in recent years is the reduction in packaging waste through the use of alternative materials. You can see this happening through new laws that prohibit the use of plastic bags in supermarkets and plastic drinking straws, for example.
There are several companies that seek the use of biodegradable packaging, even if these are not provided for by law. Companies seek to adopt sustainable actions in their processes to demonstrate to their stakeholders that they follow ideal standards of environmental preservation and social awareness. This is a positive type of marketing for companies, as the population is more aware and wants to consume more from environmentally responsible companies.These companies then become more valued by their consumers and consequently more competitive and well positioned in the market
Toàn cầu hóa có ảnh hưởng gì đến thế giới
Answer:
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.
Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some of the ways in which globalization affects the world include the following;
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of the kits next quarter at a price of $11, and the other 50 kits in the third quarter at a price of $12. It takes a full quarter for Ponzi to collect its bills from its customers. (Ignore possible sales in earlier or later quarters.)
a. What is the net income for Ponzi next quarter?
b. What are the cash flows for the company this quarter?
c. What are the cash flows for the company in the third quarter?
d. What is Ponzi’s net working capital in the next quarter?
Answer:
Ponzi Products
a) Net income for the next quarter:
= $50
b) Cash outflow for this quarter = $1,000
c) Cash inflow in the third quarter = $550
d) Net working capital in the next quarter = $550
Explanation:
a) Production of chain-letter kits for the quarter = 100 units
Total production cost (outlay) = $1,000 (100 * $10)
Sales in the second quarter = $550 (50 * $11)
Sales in the third quarter = $600 (50 * $12)
Cash collections:
Third quarter = $550
Fourth quarter = $600
a) Net income for the next quarter:
Sales revenue = $550
Production cost 500 ($1,100 * 50/100)
Net income = $50 ($550 - $500)
b) Cash outflow for this quarter = $1,000
c) Cash inflow in the third quarter = $550
d) Net working capital in the next quarter = $550
The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $8.10/unit; direct labor, $11.10/unit; and manufacturing overhead, $373,100 $9.10/unit. Required: If anticipated production for 2013 is 41,000 units, calculate the unit cost using variable costing and absorption costing. (Round your answers to 2 decimal places.)
Answer:
Variable costing $28.3
Absorption costing $37.4
Explanation:
Calculation to determine the unit cost using variable costing and absorption costing.
VARIABLE COSTING
Material $8.10/unit
Direct labor $11.10/unit;
Variable manufacturing overhead per unit $9.10/unit
Units cost $28.3
ABSORPTION COSTING
Material $8.10/unit
Direct labor $11.10/unit;
Variable manufacturing overhead per unit $9.10/unit.
Fixed manufacturing overhead per unit $9.10/unit.
($373,100 ÷ 41,000 units)
Units cost $37.4
Therefore the unit cost using variable costing and absorption costing are:
Variable costing $28.3
Absorption costing $37.4
ai là người giàu nhất thế giới
Answer:
Jeff Bezos
Explanation:
Jeff Bezos là người sáng lập Amazon và có giá trị tài sản ròng là 205 tỷ USD
Đây là danh sách các nhà vận chuyển tiền được xếp hạng:
https://www.forbes.com/real-time-billionaire/#114ff8bb3d78
Jeff Bezos is the founder of Amazon and has a net worth of $205 billion Here's a list of billionaire's ranked:
https://www.forbes.com/real-time-billionaires/#114ff8bb3d78
he following transactions are for Alonzo Company.
1. On December 3, Alonzo Company sold $500,000 of merchandise to Artis Co. on account. The cost of the merchandise sold was $330,000.
2. On December 8, Artis Co. returned $25,000 of merchandise purchased on December 3. The cost of the goods was $16,000.
3. On December 13, Alonzo Company received the balance due from Artis Co.
Prepare a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Assets
=
Liabilities
+
Stockholders' Equity
Retained Earnings
Date
Cash
+
Accts.
Rec.
+
Inventory
=
Accts.
Pay.
+
Common Stock
+
Rev.
-
Exp.
Answer:
1. Dec. 3
Dr Account Receivable $500,000
Cr Sales Revenue $500,000
Dr Cost of goods sold $330,000
Cr Inventory $330,000
2. Dec. 8
Dr Sales Returns and Allowances $25,000
Cr Accounts Receivable $25,000
3. Dec. 13
Dr Cash $470,250
Cr Sales Discounts $4,750
Cr Accounts Receivable $475,000
Explanation:
Preparation of a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system
1. Dec. 3
Dr Account Receivable $500,000
Cr Sales Revenue $500,000
(To record the sales on account)
Dr Cost of goods sold $330,000
Cr Inventory $330,000
(To record the cost of goods sold)
2. Dec. 8
Dr Sales Returns and Allowances $25,000
Cr Accounts Receivable $25,000
(To record the Sales return and allowance)
3. Dec. 13
Dr Cash $470,250
($475,000 - $4,750)
Cr Sales Discounts $4,750
[($500,000 - $25,000) * 1%]
Cr Accounts Receivable $475,000
($500,000 - $25,000)
(To record the balance due from Arte Co.)
The Director of Taco Bell’s in-house creative agency described the workplace as an "ego-free zone," suggesting openness to his team members’ ideas, also called Multiple Choice staff validity. task validity. boundary spanning. decision informity. hierarchical sensitivity.
Answer:
staff validity
Explanation:
Staff validity is the degree by which the members form good presentations to the leader. As they can have all the information needed to make a good decision.If a firm was receiving subsidies from its government to produce and lower its operating costs, what may happen when going to sell its products to other countries
Answer:
Government subsidies some countries soften bed
When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand curve is relatively _____. Group of answer choices
Answer:
1. Responsive
2. Elastic
Explanation:
When the price elasticity of demand for a good is very elastic, quantity demanded is RESPONSIVE to a change in price and the demand curve is relatively ELASTIC.
This is because the price elasticity of demand measures the responsiveness of the quantity demanded to a change in price.
Consequently, as the quantity demanded changes, the demand curve then becomes relatively elastic, by shifting either to the right or left.
Two investment centers at Marshman Corporation have the following current-year income and asset data:
Investment Center A Investment Center B
Investment center income$525,000 $635,000
Investment center average invested assets$4,600,000 $3,050,000
The return on investment (ROI) for Investment Center A is:________.
Answer: 11.41%
Explanation:
Return on assets refers to the amount of income earned per capital invested. It is calculated by the formula:
= Net income / Average assets invested
ROI for Center A will therefore be:
= 525,000 / 4,600,000
= 0.1141
= 11.41%
Money spent on groceries is an example of a/an
Which of the following The holding-period return (HPR) on a share of stock is equal to(s) the level of real interest rates? I) The supply of savings by households and business firms II) The demand for investment funds III) The government's net supply and/or demand for funds
Answer: D. I, II, and III.
Explanation:
The demand for investment funds determines the demand for loanable funds and when this is higher than the supply, the rate increases. The reverse it true. It therefore affects real interest rates.
The savings of households and business firms are the source of loanable funds so if these are high relative to demand, the rate will decrease. The reverse is true.
Government demand for funds will increase interest rates as the supply will decrease when the government borrows massively. The reverse is true.
All three therefore impart real interest rates.
You have a portfolio that is 29 percent invested in Stock R, 12 percent invested in Stock S, with the remainder in Stock T. The expected return on these stocks is 9.8 percent, 11.2 percent, and 13.5 percent, respectively. What is the expected return on the portfolio
Answer: 12.15%
Explanation:
The expected return is a weighted average of the returns of the individual stocks and the percentage of the portfolio invested in them.
= (Weight of R * Return of R) + (Weight of S + Return of S) + (Weight of T + Return of T)
= (29% * 9.8%) + (12% * 11.2%) + ( (1 - 29% - 12%) * 13.5%)
= 12.15%
A major distinction between a conventional bank and an Islamic bank is that Islamic banks __ are allowed to charge higher interest on loans. cannot accept private deposits. cannot pay or charge interest. are not subject to any form of law,
Answer:
cannot pay or charge interest.
Explanation:
Islamic banks are banks that are based on Islamic laws or Sharia laws which is found in the Qur'an.
In Islamic banking, all banking transactions must be compliant with the Sharia laws.
Islamic banks differ from conventional banks in that :
1. they prohibit usury : Usury is charging interest on loans
2. they prohibit all forms of speculation : Islamic laws prohibit all forms of gambling
3. Investments in items that are not allowed in the Qur'an e.g. alcohol
Islamic bank use equity participation to make money. When an Islamic bank lends money to a business, instead of charging interest on the loan, the receive equity in that business and are entitled to a part of the company's shares
Fixed expenses are $17,000 per month. The company is currently selling 800 units per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $5 per unit. In exchange, the sales staff would accept a decrease in their salaries of $6,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 200 units. What should be the overall effect on the company's monthly net operating income of this change?
Answer:
There is a cost-saving of $1,000 per month as a result of the change. This cost-saving increases the monthly net operating income by $1,000.
Explanation:
a) Data and Calculations:
Fixed monthly expenses = $17,000
Current sales units per month = 800
Proposed sales commission per unit = $5
Decrease in salaries per month = $6,000
Increase in sales units per month = 200
Change
Before After Difference
Fixed monthly expenses $17,000 $11,000 $6,000
Variable cost per month 0 5,000 -5,000
Total cost per month $17,000 $16,000 $1,000
Sales units per month 800 1,000 200 units
b) The effect on the company's monthly net operating income is a reduction in the total cost per month by $1,000. There is also an increase in the units sold per month by 200 units. If the selling price is determined, the net operating income will also increase by the product of the contribution margin per unit and 200.
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the recognized loss on the trade is
Answer:
1,500
Explanation:
The fixed assets cost is $41,000
The accumulated depreciationn is $36,500
Similar assets was priced at $36,000
Trade in allowance is $3000
Therefore the recognised law on trade can be calculated as follows
41,000-36,500-3,000
= 1,500
If the price level is above the equilibrium price level, how does the aggregate quantity of goods and services demanded compare to the aggregate quantity of goods and services supplied at the price level?
Answer:
When price is above the equilibrium price level, quantity demanded would be less than the quantity supplied. This would lead to a surplus
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied.
Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached.
three (3) State taxes and briefly describe each
Kevin promises to pay Macarena, his daughter, $5,000 if she obtains her degree at Brookdale community College, where she is currently in her first year. Macarena graduates. If a Court refuses to enforce the agreement it would most likely be because:
Question Completion with Options:
A. Macarena finished college.
B. Obtaining a college degree benefits Macarena.
C. A job can be hard to find after college.
D. Macarena was already in college.
Answer:
If a Court refuses to enforce the agreement it would most likely be because:
D. Macarena was already in college.
Explanation:
Macarena was currently in her first year when the promise was made by her father. This means that Macarena is not giving any consideration for the father's promise. But, if she enters the college based on the promise and eventually graduates in the college, then the court will not likely refuse to enforce the agreement. Kevin's promise to pay Macarena $5,000 is not enforceable because of past consideration.
5-5 TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you
plan to deposit an additional $5,000 at the end of every future year until your account totals
$220,000. You expect to earn 12% annually on the account. How many years will it take to
reach your goal?
Answer:
22 is the right answer bro fgjjfycugyvyygyghu
HOW CAN I CREATE A PERFECT SALES STRATEGY?
Answer:
B2B marketers and businesses are using LinkedIn automation to strengthen their sales and marketing strategy.
Here is how;
Engage With The Right AudienceTake Advantage of LinkedIn GroupsSend Personlized Outreach MessagesMost of the lead generation and sales tactics on LinkedIn require a lot of time if you choose to do them manually.
Why should you think of your résumé as a marketing document?
Explanation:
A résumé is a marketing document that represents you when you are not there. A résumé quantifies your accomplishments and proves your worth to your future employer by proving your worth to your previous employer.
Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days.
Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual ordering cost.
a. 592.82
b. 1472.01
c. 2051.28
d. 4116.11
e. None of the above
Answer:
e. None of the above
Explanation:
Annual demand, D = 600 units
Ordering cost, S = $400
Holding cost, H = $50
Economic order quantity without stock-out = SQRT(2*D*S/H)
Economic order quantity without stock-out = SQRT(2*600*400/50)
Economic order quantity without stock-out = 98
Total annual ordering cost = (D/Q)*S + (Q/2)*H
Total annual ordering cost = (600/98)*$400 + (98/2)*$50
Total annual ordering cost = $2,448.97 + $2,450
Total annual ordering cost = $4,898.97
Tin Roof's net cash flows for the next three years are projected at $72,000, $78,000, and $84,000, respectively. After that, the cash flows are expected to increase by 3.2 percent annually. What is the value of the firm if the WACC is 9.32%
Answer:
$1,279,622.65
Explanation:
The value of the company is the present value of its future cash flows for the three-year planning horizon plus the present value of its continuing value beyond year 3, all discounted using the WACC as the appropriate discount rate.
continuing value=year 3 cash flow*(1+terminal growth rate)/(WACC-terminal growth rate)
continuing value= $84,000*(1+3.2%)/(9.32%-3.2%)=$1,416,470.59
present value of continuing value=$1,416,470.59/(1+9.32%)^3=$1,084,198.23
present value of 3-year cash flows=$72000/(1+9.32%)^1+$78,000/(1+9.32%)^2+$84,000/(1+9.32%)^3
present value of 3-year cash flows=$195,424.42
value of the company=$1,084,198.23+$195,424.42
value of the company=$1,279,622.65
Larned Corporation recorded the following transactions for the just completed month.
$79,000 in raw materials were purchased on account.
$77,000 in raw materials were used in production. Of this amount, $65,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $109,500 were paid in cash. Of this amount, $100,900 was for direct labor and the remainder was for indirect labor.
Depreciation of $195,000 was incurred on factory equipment.
Required:
Record the above transactions in journal entries.
Answer:good question. Wait for the answer
Explanation:
Pasha works for a manufacturing company in a small town. He reports to his manager that the company is not fulfilling its commitment to the community to reduce pollutants. His manager tells him to ignore the issue and not tell anyone. This is an example of a(n)___________. approach to social responsibility.
a. defensive
b. accommodative
c. reactive
d. obstructionist
e. proactive
Answer:
d. obstructionist
Explanation:
Since in the question it is given that pasha reported his manager that company is not able to fulfill the commitment in order to decrease pollution but the manager said that ignore this issue also dont tell anyone so this represent an obstructionist approach as the firm or the company avoids the social environmental problems so indirectly it breaks the law and their conduct is to be considered as an unethical
Therefore, the option d is correct
Papermill Plc was acquired by a private equity firm, whose investment horizon is 5 years and minimum IRR requirement is 20.0%. The private equity firm estimates the exit EBITDA and exit EV EBITDA multiple to be 1,200.0 and 11.0x, respectively. The EBITDA at entry is 1,100.0 and the amount of debt financing raised at entry is 7.0x EBITDA. The cash flow model built by the private equity firm estimates the debt to be 5.0x EBITDA at exit. Using the assumptions above, estimate the equity funding of the deal at entry.
Sales 1,000.0
Cost of goods sold 600.0
Selling, general and administration 100.0
Interest expense 50.0
Tax expense 75.0
The estimated equity funding of the deal at entry is $2,893.52
EV means Enterprise value
EBITDA means Earnings Before Interest, Taxes, Depreciation, and Amortization
Given that the private equity firm estimates that:
Exit EBITDA = 1,200
EV / EBITDA = 11.0x
To derive EV from the EV / EBITDA, then EV / EBITDA is multiplied by EBITDA.
EV = EV / EBITDA * EBITDA (i.e.)
EV = 11 * 1,200
EV = 13,200
Given that the private equity firm estimates the debt to be 5.0x EBITDA at exit.
Debt = 5.0 * EBITDA at exit
Debt = 5.0 * 1,200
Debt = 6,000
To derive the equity value at exit, the debt is subtracted from the EV
Equity value at exit = EV - Debt
Equity value at exit = 13,200 - 6,000
Equity value at exit = 7,200
The equity funding of the deal at entry will be derived using this formula "Equity value at exit / (1 + IRR)^n" where IRR is 20% and n is 5 years
Equity funding of the deal at entry = 7,200 / (1 + 20%)^5
Equity funding of the deal at entry = 7,200 / (1 + 0.20)^5
Equity funding of the deal at entry = 7,200 / (1.20)^5
Equity funding of the deal at entry = 7,200 / 2.48832
Equity funding of the deal at entry = 2893.518518518519
Equity funding of the deal at entry = $2,893.52 (approx).
Learn more about equity funding here https://brainly.com/question/22362241
Corporation sold 210000 watches and produced 217000 watches that it sold for $19 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,302,000 gross margin on its financial statements. Determine the total contribution margin.
Answer:
The total contribution margin is:
= $2,982,000.
Explanation:
a) Data and Calculations:
Production units = 217,000 watches
Sales units = 210,000 watches
Sales price per watch = $19
Sales revenue = $3,990,000 (210,000 * $19)
Cost of goods sold 2,688,000 ($3,990,000 - $1,302,000) ($12.80 each)
Gross profit = $1,302,000
Cost of goods sold per unit = $12.80 ($2,688,000/210,000)
Fixed cost per unit = $8
Variable cost per unit = $4.80 ($12.80 - $8.00)
Contribution margin per unit = $14.20
Total contribution margin = $2,982,000 ($14.20 * 210,000)
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,700,000 Net operating income $ 5,300,000 Average operating assets $ 35,100,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company.
Answer:Profit margin = 29.94%
Asset Turnover =0.50
Return on investment (ROI) =15.09%
Explanation:
Given
Sales for the year = $ 17,700,000
Net Operating Income = $ 5,300,000
Average Operating Assets = $ 35,100,000
a)Profit margin = (Net operating income/Net sales ) x 100%
= $5,300,000/$17,700,000 x 100% = 29.94%.
This shows that the Alyeska Services company has ability to turn income to profit by 29.94%
b. Asset Turnover = Total Sales/ Average Total Assets = $17,700,000/$35,100,000 = 0.50
c. Return on investment (ROI) =Net income/Total investment x 100%
= $ 5,300,000/ $ 35,100,000 x 100% =15.09%
The double-declining-balance rate for calculating depreciation expense is determined by doubling the straight-line rate. Assuming that an asset has a useful life of 25 years, determine the rate to be used if using the double-declining-balance method
Answer:
the depreciation rate in cash when the double-declining method should be used is 8%
Explanation:
The computation of the depreciation rate in cash when the double-declining method should be used is given below:
= 1 ÷ useful life × 2
= 1 ÷ 25 × 2
= 0.08
= 8%
Hence, the depreciation rate in cash when the double-declining method should be used is 8%
The same should be relevant and considered too
