allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products. may 3 allied made its first and only purchase of inventory for the period on may 3 for 1,000 units at a price of $9 cash per unit (for a total cost of $9,000). may 5 allied sold 500 of the units in inventory for $13 per unit (invoice total: $6,500) to macy company under credit terms 2/10, n/60. the goods cost allied $4,500. may 7 macy returns 50 units because they did not fit the customer’s needs (invoice amount: $650). allied restores the units, which cost $450, to its inventory. may 8 macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. allied gives a price reduction (allowance) and credits macy's accounts receivable for $250 to compensate for the damage. may 15 allied receives payment from macy for the amount owed on the may 5 purchase; payment is net of returns, allowances, and any cash discount.

Answers

Answer 1

Allied merchandisers was organized on may 1. macy company is a major customer (buyer) of allied (seller) products.

Accounts receivable is 18,950

Calculation:

May 03 Merchandise inventory 20,000

Cash 20,000

May 05 Accounts receivable 21,000

Sales 21,000

May 05 Cost of goods sold 15,000

Merchandise inventory 15,000

May 07 Sales returns and allowances 1,750

Accounts receivable 1,750

May 07 Merchandise inventory 1,250

Cost of goods sold 1,250

May 08 Sales returns and allowances 300

Accounts receivable 300

May 15 Cash 18,570

Sales discounts 379

Therefore Accounts receivable 18,950

What is Accounts receivable?

Customers' outstanding balances for goods or services for which an invoice has been issued are known as accounts receivable. On the balance sheet, the total amount of all accounts receivable is shown as current assets and includes invoices that clients owe for goods or services provided to them on credit.

One instance of accounts receivable is a utility company that bills its customers after they have used the electricity. While it waits for its customers to pay their bills, the electric company records an account receivable for any unpaid invoices.

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Related Questions

skyler is covered by his company's health insurance plan. the health insurance costs his company $9,500 a year. during the year, skyler is diagnosed with a serious illness and health insurance pays $100,000 for surgery and treatment. how much of the insurance and treatment payments are taxable to skyler?

Answers

Answer:0

Explanation:Many taxpayers are covered by accident and health insurance plans. These plans pay for the cost of medical care of the taxpayer and any dependents who are insured under the plan. The taxpayer may pay the total premiums of the plan, or his or her employer may pay part or all of the premiums. Taxpayers are allowed liberal exclusions for payments received from these accident and health plans.

You are the manager of a customer service call center that handles customer inquiries for a large clothing retailer. One of your responsibilities is to use different types of reinforcement to motivate employees to engage in certain behaviors while on the phone with customers. Because you want all employees to stick to the provided script when answering calls, you decide to randomly monitor calls and praise employees who use the script. What type of reinforcement did you use?.

Answers

Positive reinforcement involves the use of rewards to increase the likelihood that a desired behavior—high performance, for instance—will be repeated.

Positive reinforcement is the process of using incentives to make it more likely that a desired behavior—like a good performance, for example—will be repeated. Extinction entails removing further reward (either positive or negative) after the behavior to be extinguished occurs in order to reduce the probability that it will occur again. Punishment is the use of unfavorable results to reduce the likelihood of a behavior. In order to improve the chance that someone would repeat an action, negative reinforcement is based on the elimination of unpleasant present or future consequences. In other words, the elimination or avoidance of something unpleasant may be motivating.

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the capital share of income is defined as the share of paid to the owners of the capital stock. it is approximately equal to in the us. a. gdp; 1/3 b. wages; 2/3 c. consumption; 1/3 d. income; 2/3 e. investment; 1/3

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The capital share of income is defined as the share of paid to the owners of the capital stock. It is approximately equal to GDP in the U.S.

What is GDP?

The market value of all the finished goods that nations produce over a specific time period is measured by the gross domestic product (GDP), a monetary indicator. Due to the measurement's complexity and arbitrary nature, it has taken many revisions before it can be taken seriously as an indicator.

As a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market. GDP (nominal) per capita, however, does not account for variations in the cost of living and the rate of inflation of the various nations. It is also possible to calculate how much each sector or industry contributes to the overall GDP.

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What happens to the equilibrium price and equilibrium quantity when demand and supply decrease simultaneously, but the relative size of the shifts are not known?.

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Then the equilibrium price will be lower than it was before the curves shifted. A growth in demand, all other matters unchanged, will purpose the equilibrium charge to upward thrust; amount provided will growth.

A decrease in call for will motive the equilibrium fee to fall; quantity supplied will decrease.

Demand is the amount of an excellent that consumers are willing and capable of purchase at diverse charges throughout a given time. the connection between charge and quantity call for is also called the call for curve. call for is the amount of customers who are inclined and able to buy products at diverse prices at some point of a given period of time. call for for any commodity implies the consumers' desire to collect the good, the willingness and capability to pay for it.as an example, if a customer is hungry and buys a slice of pizza, the first slice will have the finest advantage or utility. With every extra slice, the client will become greater satisfied, and software declines. In principle, the primary slice might fetch a better rate from the client.

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The amount of a good that sellers are willing and able to supply at a given price.

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The amount of any item or service that sellers are willing and able to sell at a specific price is known as the quantity supplied. Although there are many factors that impact supply, only pricing can control how much is provided.

What Is Supply?The entire amount of a certain commodity or service that is offered to customers is known as the supply, and it is a fundamental economic notion.Supply can be defined as the quantity offered at a certain price or, if shown on a graph, the quantity offered across a range of prices.This has a direct relationship to the demand for an item or service at a certain price; all other things being equal, the supply offered by producers will increase as the price rises because all businesses aim to maximize profits.The contemporary economy is based on movements in supply and demand.Depending on the price, utility, and personal preferences of each particular commodity or service, supply and demand patterns will vary.

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Because not all purchase intentions result in an actual purchase, retailers calculate the ________ to measure how effectively a decision to purchase a specific product results in a completed purchase.

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Because not every purchase intention results in a completed transaction, retailers compute the conversion rate to assess how well a choice to buy a particular product results in a completed transaction.

Does the internal conflict result from the discrepancy of two views or from the inconsistency of beliefs and behavior?

When a person's conduct and beliefs conflict, they experience cognitive dissonance. This can also happen when they possess two opposing opinions. People try to feel better because it makes them feel uncomfortable.

Which of the following best describes a group of conspicuous or crucial characteristics regarding a certain product?

A list of conspicuous, or significant, characteristics of a certain product makes up the evaluative criteria. The alternative brands or retailers that a customer claims to consider while making a purchasing decision are included in the consumer's evoked set.

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Given linear demand curves, if demand and supply increase by identical amounts, then?

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If there are linear demand curves and the demand and supply increases by identical amounts, then the equilibrium price stays the same and the equilibrium quantity rises.

What happens when both demand and supply increase by the same amount?

When demand and supply increase by the same amount, the result would be that the price would stay the same. This is because the increase in both the supply curve and the demand curve would lead to them intersecting at the same price level.

The equilibrium quantity on the other hand, would increase. This is because at this increased supply level, the increased demand would mean that more people are demanding more goods and services than before and so quantity would increase.

Options for this question are:

the equilibrium price increases but the equilibrium quantity falls. the equilibrium price stays the same and the equilibrium quantity rises.the equilibrium price and quantity do not change.the equilibrium price and quantity both increase.

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Is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects.

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Financial Statement or a report is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects.

What is a financial statement?

Financial statements are a set of summary reports about an organization's financial results, financial position and cash flows. They include the income statement, balance sheet and cash flow statement.

Advantages of financial statements

Financial statements are useful for the following reasons:

Determine the ability of the business to generate cash and the resources and use of that cash.To find out if the business is able to repay its debts.To track financial results on a trend line to detect any impending profitability issues.Derive financial indicators from the statements that can indicate the state of the company.To examine the details of certain business transactions as disclosed in the disclosures attached to the statements.To be used as the basis for the annual report that is distributed to the company's investors and the investment community.

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For a student that owns his or her own home, and doesn't plan to live in the dorm, the cost of going to college is?

Answers

Answer:

all depends on what college u go to

Explanation:

the community college near me is only 2-3k

During a project, it is determined that some of the necessary equipment will arrive 1 week later than anticipated. In order to keep the project moving, the project manager decides to begin the second step of the project before the first step is completed. During what phase of the project management process would this occur in?.

Answers

Issue a change request to minimize the scope for the release

in accrual accounting, according to the recognition principle, revenues should be recognized when the seller performs the work promised, not necessarily when cash is received

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In accrual accounting, in keeping with the revenue recognition principle, revenues ought to be recognized once the vendor performs the work secure, not essentially once money is received.

What is revenue recognition principle?The revenue recognition idea, together with the matching principle, is the cornerstone of accrual accounting. When income and costs are entered into the accounting period is decided by them both.Your business will be able to accurately depict profit and loss thanks to the revenue recognition principle since revenue will be recognized when it is earned rather than when it is received. Utilizing the revenue recognition idea also helps with financial forecasting, improving the precision with which your business predicts future revenues.For instance, a snow removal company can clear the parking lot of a business for its standard fee of $100.

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. you are a quality control engineer, supervising the completion of a product whose specification includes using only u.s.-made parts. however, at a very late stage you notice that one of your subcontractors has supplied you with a part having foreign-made bolts in it – but these aren’t very noticeable, and would function identically to u.s.-made bolts. your customer urgently needs delivery of the finished product. what should you do?

Answers

The engineer should apologise for the mistake and should not change the truth. He needs to make clear any conflicts of interest that might seem to affect the level of service. It is an offence against faith.

Because the product must be delivered soon, fixing the error may cause a delivery delay. If the error is concealed from the client, it is unethical. The best course of action is to inform the client and allow him decide whether to accept the foreign part or postpone deliveryFrom manufacturing to software development, a quality control engineer is in responsible of guaranteeing the quality of all goods. Reviewing the manufacturing procedure, evaluating the goods, devising additional manufacturing checkpoints, and producing reports on the findings are typical job activities.Examines the documentation for design, manufacture, and testing. carries out inspections of completed goods and raw materials while using the proper quality assurance testing models. determines the underlying cause of quality issues and plans adjustments or other corrective measures.

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Customers are naturally excited about​ make-to-stock, finish-to-order,​ make-to-order, and​ engineer-to-order. An operations and supply chain manager is far more interested in.

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Customers are naturally excited about​ make-to-stock, finish-to-order,​ make-to-order, and​ engineer-to-order. An operations and supply chain manager are far more interested in the point in the supply chain at which customization occurs.

Supply chain management is the practice of coordinating the various activities necessary to provide and deliver goods and services to an enterprise's customers. Examples of supply chain sports can consist of designing, farming, production, packaging, or transporting.

There are four additives to a supply chain that should be considered an agile version: virtual integration, technique alignment, a community base, and market sensitivity. Virtual integration requires the business to track marketplace calls for modifications in actual time.

Even though the supply chain is a totally huge professional field, it has 7 primary purposeful areas: purchasing, production, inventory control, demand-making plans, Warehousing, Transportation, and customer service.

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Arnez company’s annual accounting period ends on december 31. The following information concerns the adjusting entries to be recorded as of that date. The office supplies account started the year with a $2,600 balance. During the year, the company purchased supplies for $10,738, which was added to the office supplies account. The inventory of supplies available at december 31 totaled $2,288. The prepaid insurance account had a $30,192 debit balance at december 31 before adjusting for the costs of any expired coverage for the year. An analysis of prepaid insurance shows that $21,735 of unexpired insurance coverage remains at year-end. The company has 15 employees, who earn a total of $2,600 in salaries each working day. They are paid each monday for their work in the five-day workweek ending on the previous friday. Assume that december 31 is a tuesday, and all 15 employees worked the first two days of that week. Because new year’s day is a paid holiday, they will be paid salaries for five full days on monday, january 6 of next year. The company purchased a building at the beginning of this year. It cost $620,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $14,375. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,900 per month, starting on november 1. The rent was paid on time on november 1, and the amount received was credited to rent revenue. However, the tenant has not paid the december rent. The company has worked out an agreement with the tenant, who has promised to pay both december and january rent in full on january 31. On november 1, the company rented space to another tenant for $2,627 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the unearned revenue account. Assume no other adjusting entries are made during the year. Required: 1. Use the information to prepare adjusting entries as of december 31. 2. Prepare journal entries to record the first subsequent cash transaction in january of the next year for parts c and e

Answers

1. Preparing the adjusting entries as of December 31 for Arnez Company is as follows:

Adjusting Journal Entries:

Debit Supplies Expenses $11,050

Credit Supplies $11,050

Debit Insurance Expenses $8,457

Credit Prepaid Insurance $8,457

Debit Salaries Expense $5,200

Credit Salaries Payable $5,200

Debit Depreciation Expense $14,375

Credit Accumulated Depreciation- Building $14,375

Debit Rent Receivable $2,900

Credit Rent Revenue $2,900

Debit Unearned Revenue $5,254

Credit Rent Revenue $5,254

2. The journal entries to record the first subsequent cash transactions in January:

Journal Entries:

Debit Salaries Payable $5,200

Debit Salaries Expense $7,800

Credit Cash $13,000

Debit Cash $5,800

Credit Rent Receivable $2,900

Credit Rent Revenue $2,900

Transaction Analysis:Supplies:

Beginning inventory $2,600

Purchase 10,738

Ending inventory  (2,288)

Supplies Expenses $ 11,050 Supplies $11,050

Prepaid Insurance:

Beginning balance $30,192

Ending balance         21,735

Insurance Expenses $8,457 Prepaid Insurance $8,457

Salaries Payable:

Beginning balance = $5,200 ($2,600 x 2)

Salaries Expense $5,200 Salaries Payable $5,200

Building, cost = $620,000

Salvage value      (45,000)

Depreciable =   $575,000

Depreciation Expense $14,375 Accumulated Depreciation- Building $14,375

Rent Receivable $2,900 Rent Revenue $2,900

Unearned Revenue $5,254 Rent Revenue $5,254

Subsequent Cash Transactions in January:

Salaries Payable $5,200 Salaries Expense $7,800 Cash $13,000

Cash $5,800 Rent Receivable $2,900 Rent Revenue $2,900

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You are the manager of a customer service call center that handles customer inquiries for a large clothing retailer. One of your responsibilities is to use different types of reinforcement to motivate employees to engage in certain behaviors while on the phone with customers. Because you want all employees to stick to the provided script when answering calls, you decide to randomly monitor calls and praise employees who use the script. What type of reinforcement did you use?.

Answers

Positive reinforcement as the manager is praising the good behaviour of employees which motivates employees to stick to the script.

A approach used to strengthen future behavior is known as positive reinforcement. As a result, the actions have a longer duration, greater magnitude, and increased frequency. When desired behavior is attained, the reward is given as part of an expression of the behavior as is the case with positive reinforcement.

Positive reinforcement is used to increase the possibility that the desired behavior will change and occur frequently. Positive reinforcement is understood to occur when a reward results in a desirable outcome and the response is enhanced. This core idea seeks to accelerate the rate of behavior. So, Positive reinforcement as the manager is praising the good behaviour of employees which motivates employees to stick to the script.

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Suppose $6,500 is invested in an account that earns interest at a rate of 2% compounded quarterly for 10 years. describe and correct the error a student made when finding the value of the account

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Let's say $6,500 is deposited in an account with a 10-year interest rate of 2% compounded quarterly. After ten years, the account is worth $7,935.

What is the interest?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution.It differs from a charge the borrower could pay the lender or another entity.interest also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a portion of the rewards received by risk-takers who take on risks in order to generate revenue.

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Sijara is working on a marketing plan for her toy company’s new doll line and believes that that her corporation needs to modify their existing dolls to include a more global approach in terms of clothing and hair color to meet the needs of the new markets. What strategy is Sijara looking to employ for her corporation?

Answers

The marketing plan that Sijara should apply is to change the product and make it more globally inclusive.

What is a marketing plan?

Marketing plan can be defined as the strategy or the change which the complete going to incorporate in their business or behavior. It can be related to the product or how they are putting it in the market.

In this case as working on the toy factory and the dolls need to have a global approach this mean that the development will be changed as it is on global inclusion as well as lifestyle and behavior is a major factor in the change.

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Why would working for low wages in the kitchen of a local church be an example of good time management for barbara lynch?

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Working for low wages in the kitchen of a local church be an example of good time management for barbara lynch because he was able to benefit  from it and still able to do other tasks.

What is time management?

Time management  can be described as the  process  that involves the good utilization of our time with respect to the set tasks in a particular period of time.

It should be noted that this encompass the process of planning as well as  exercising conscious control  so as to be able to bring  efficiency, and productivity in our organization as well as the company and this can as well be in the life of individuals, hence the case above was able to carry out other tasks.

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A seller uses a perpetual inventory system and on april 4 it sells $5,000 in merchandise with a cost of $2,400 to a customer on credit terms of 3/10, n/30. Complete the two journal entries to record the sales transaction by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. The first journal entry is to record the revenue part of the transaction and the second journal entry is to record the cost part. True or false?.

Answers

True, The first journal entry is to record the revenue part of the sales transaction and the second journal entry is to record the cost part.

First Entry: Dr Accounts Receivable for $5,000

                  Cr. Sales for $5,000

Second Entry: Dr Cost of Goods Sold for $2,400

                  Cr. Merchandise Inventory for $2,400

Any written or spoken transfer or disposal of products, services, or other physical or intangible property is referred to as a sales transaction. It also includes leasing and assignment of tangible and intangible property. Sales transactions can be processed using either the cash method or the accrual approach. When money is exchanged, the cash method registers a sale. An accounts receivable is created by the accrual technique after processing a sale without receiving cash.

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If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, which production decisions might this reflect?.

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If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, this will reflect Production shifts to the use of cheaper ingredients. Thus the correct option is D.

What is Quality?

Quality is referred to as a standard for measurement against anything. It is refer to unique characteristics possed by any object in order to determine its features.

The amount that a thing can be sold for is restricted by a price ceiling. which is decided by the government or a government agency.

The typical response of producers to a minimum price is to lower the quality of their products or to manufacture fewer of them in order to lower costs.

Therefore, option D  Production shifts to the use of cheaper ingredients is appropriate.

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The complete question is probably

If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, which production decisions might this reflect? Correct Answer(s) Customers are rapidly buying the limited number of loaves available. Marketing is no longer aimed at upscale consumption. Specialty bread is available only direct from the bakery, to avoid transportation costs. Production shifts to a use of cheaper ingredients. Incorrect Answer(s)

businesses view environmental issues as no-win situations; either you help the environment and hurt your business or you help your business and hurt the environment.

Answers

Answer:

False

Explanation:

Just answered it.

False. Your company's sustainability will increase if you take steps to minimize its environmental impact. Your company will be more likely to succeed over the long term if you are less dependent on natural resources than your rivals are and have strategies for coping with cost increases brought on by climate change.

What is sustainability?

Humans should be able to live in peace on Earth for an extended period of time in order to achieve sustainability, which is a societal goal. Because it can be challenging to come to consensus on specific definitions, they change throughout time and are inconsistently discussed in the literature. At the global, national, and individual levels, this idea can be applied to inform decisions (e.g. sustainable living). The environmental components of sustainability are frequently highlighted in common usage of the word. Since about 2000, climate change, biodiversity loss, loss of ecosystem services, land degradation, and air and water pollution have been the most important environmental challenges. Many "planetary boundaries" are currently being exceeded by humanity.

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High point, plymouth rock, and pallasades are all names that identified each company as the seller of their offerings. This is also known as the companies ______.

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The high point, Plymouth rock, and palisades are all names that identified each company as the seller of their offerings. This is also known as the company's brand name.

An organization or business may assign a brand name or trade name to a particular commodity or service. Although a brand name may occasionally be as simple as the names of the company's founders, as in the situations of John Deere or Johnson & Johnson, brand names nowadays are frequently carefully planned marketing techniques meant to increase consumer recognition and foster brand loyalty.

A brand name is the formal name that a solo owner or firm decides to use when conducting business. A doing business as (DBA) name is another term for a brand name. Legally registering a brand name is a crucial stage in a company's branding strategy, but it does not grant the name an indefinite lifespan or any kind of legal protection when used.

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Primary markets are large and important, while secondary markets are smaller and less important. True or false?.

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Secondary markets are smaller and less significant than primary markets, which are bigger and more significant.- False

What is the primary market?New stocks and bonds are initially offered for public purchase on the primary market.Investors have the option to buy securities straight from the issuer in a primary market.A rights issue, a preferred allotment, a private placement, and an initial public offering (IPO) are examples of primary market issues.As secondary markets, where investors transact with one another, stock exchanges serve as a substitute.Securities are exchanged between investors on what is referred to as the secondary market after they have been issued on the main market; in essence, this is where the well-known stock exchanges are located.Secondary markets are smaller and less significant than primary markets, which are bigger and more significant.- False

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The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce ______.

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In the second step, the planners should use the findings from the first step to produce: A. alternative goals.

What is planning?

Planning can be defined as the process of developing and setting organizational objectives and goals, as well as translating them into action plans or courses of action.

What is a goal?

A goal can be defined as an outcome statement and strategic objectives that defines what an individual or a group of people (team) hopes to successfully achieve (accomplish) in the future i.e over a specific period of time.

This ultimately implies that, a goal is simply a futuristic idea, an objective, or desired result that an individual envision, plan, and commit to achieve over a specific period of time.

In this context, we can reasonably infer and logically deduce that the planners should use the findings derived (obtained) from the first step to produce alternative goals for the second step.

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Complete Question:

alternative goals

decisions

hedging

brody company makes industrial cleaning solvents. various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. brody provided the following information for last year:

Answers

The company makes industrial cleaning solvents. various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information for last year: Raw materials purchases $250,000.

Some samples of strong cleaning solvents are acetone, methyl ethyl ketone, toluene, nPB, and trichloroethylene (TCE). Common mild solvents include isopropanol, glycerin, and antifreeze. Industrial cleaning chemically may be a specialized process that needs in-depth knowledge of chemical compounds and their reaction to certain surfaces and stains.

Chemical-based cleaning is employed to get rid of stubborn stains and other wastes commonly found in industrial cleaning services. Although cleaners that contain solvents vary widely in terms of applications and effects, most industrial solvent-based cleaners are made up of one among three styles of solvents: oxygenated, hydrocarbon, and halogenated.

Below, we glance at their basic characteristics to assist inform your cleaner purchase. There are two forms of solvents : organic solvents and inorganic solvents. Inorganic solvents are those solvents which don't contain carbon like water, ammonia whereas organic solvents are those solvents which contain carbon and oxygen in their composition like alcohols, glycol ethers.

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Complete Question: Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information OBJECT for last year:Raw materials purchases Direct labor Depreciation on factory equipment Depreciation on building Depreciation on headquarters building Factory insurance Property taxes: Factory Headquarters Utilities for factory Utilities for sales office Administrative salaries Indirect labor salaries Sales office salaries Beginning balance, raw materials Beginning balance, work in process Beginning balance, finished goods Ending balance, raw materials Ending balance, work in process Ending balance, finished goods $250,000 140,000 45,000 30,000 50,000 15,000 20,000 18,000 34,000 1,800 150,000 156,000 90,000 124,000 124,000 84,000 102,000 130,000 82,000Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5 percent of sales.

1. Calculate the direct materials used in production for last year.

2. Calculate total prime cost.

3. Calculate total conversion cost.

4. Prepare a cost of goods manufactured statement for last year. Calculate the unit product cost.

5. Prepare a cost of goods sold statement for last year.6. Prepare an income statement for last year. Show the percentage of sales that each line item represents.

when one member of a society owns all of the goods, and redistribution of goods cannot take place without making that member worse off, the society can be said to be:

Answers

when one member of a society owns all of the goods, and redistribution of items cannot take location barring making that member worse off, the society can be said to be Pareto efficiency.

Pareto efficiency, or Pareto optimality, is an financial kingdom where assets can't be reallocated to make one person better off except making at least one person worse off.

What is an example of Pareto efficiency?

Consider some other example: the sale of a used car. The seller can also price the car at $10,000, while the customer is willing to pay $15,000 for it. A deal in which the car is sold for $12,500 would be Pareto efficient because each the seller and the client are better off as a end result of the trade.

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marilyn operates a store called the gift garden. her store sells pottery, candles, crafts, and other knickknacks that make good gifts for family and friends. the gift garden is a .

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Marilyn operates a store called the gift garden. her store sells pottery, candles, crafts, and other knickknacks that make good gifts for family and friends. the gift garden is a traditional speciality store.

What is traditional speciality store?A traditional specialty retailer works with businesses like retailers of jewelry, clothing, and athletic goods that carry a prop up or support the narrow product mix with vast product lines. Due to their focus on a specific product line or category, these classic specialized shops are often known as limited-line stores. The classic specialty merchants offer products for shopping that fall under a specialized product category and range. Because they have great experience and are experts in a certain line of products, they are able to invest in the product knowledge training of their team. They generally work with retail companies that concentrate on a particular product line or set of product categories, including apparel, office supplies, etc.

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The suppliers of denver press offer the firm 30 days credit on all its purchases. Denver press has an average payment period of 84 days as compared to its industry average of 43 days. Which of these statements applies to denver press?.

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An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt.

What does a debt-to-income ratio of 0.45 mean?

The debt-to-capital ratio, as its name suggests, identifies the percentage of a company's total capital that is financed by debt. If a corporation has a debt-to-capital ratio of 0.45, for instance, that indicates debt accounts for 45% of the company's capital.

How is ratio analysis calculated?

Formula for Ratio Analysis: The net income is divided by the average total assets to arrive at the return-on-assets ratio (the total assets at the start and at the end of the year divided by two).

What does a 30% dividend payout mean if a company has no outstanding preferred stock?

A company with no preferred stock would have a dividend payout of 30%, meaning common stock dividends would account for 30% of net income.

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what information would a business gather if they looked on social media to look at comments about their service?

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Answer:

Ratings.

Explanation:

Every firm must make its plans and execute its decisions in light of what is happening in its micro- and macro-environment. you already knew this. you should also know that:____.

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You should also know that the micro-environment exists inside the firm, the macro-environment exists outside the firm.

A macro environment refers to the set of conditions that exist in the financial system as a whole, instead of in a specific region or vicinity.

In general, the macro surroundings include tendencies within the gross domestic product (GDP), inflation, employment, spending, and economic and financial policy.Six additives of the macro environment are Demographic, monetary, herbal, Technological, Political and Cultural environments.The factors that make up the macro-environment are economic elements, demographic forces, technological factors, natural and physical forces, political and felony forces, and social and cultural forces.

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