Answer:
The answer is A and C !
Explanation:
EDGE 2021
Lauryn’s wages were not as much as she had budgeted. How can her budget be modified so there will be a positive actual net income?.
The correct options are
a. Reduce the food expense by $50.b. Reduce the clothes expense by $75.c. Reduce the recreation expense by $25.The cost of running business, which includes expenses, taxes, depreciation, and debt interest, is subtracted from total revenue to arrive at net income. A corporation is more likely to be financially stable and pay its debts off, distribute dividends to shareholders, and cover its operational costs if its net income is positive. The cash flow statement, which details where and how cash is collected and spent, reports cash flow. The net amount of cash equivalents moving into and out of a business during a specific time period is known as cash flow. Positive cash flow indicates that a company's liquid assets are growing.
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when output volume increases, do variable costs per unit increase, decrease, or stay the same within the relevant range of activity? explain
Variable expenses will rise along with increased production and output.
Understanding Variable expenses
Any business's overall expenses are made up of both variable and fixed costs. Sales or production output determine variable costs. Per unit produced, the variable cost of production is a fixed sum. .
Sales commissions, direct labor costs, the price of raw materials used in production, and utility prices are a few examples of variable costs.
Since they can be readily altered, variable expenses are typically seen as short-term costs.
Calculation and Formula for Variable Costs
The output quantity multiplied by the variable cost per unit of output yields the total variable cost:
Total Variable Cost is equal to the sum of the output's units' variable costs.
Across profits, the variable cost per unit will change. It can generally be computed specifically as the total of the many forms of variable costs covered below. If variable expenses are incurred in batches, they might need to be divided among the commodities (i.e. 100 pounds of raw materials are purchased to manufacture 10,000 finished goods).
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in some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone.
In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone. This statement is True.
What is technology in a simple definition?
Technology is the application of scientific knowledge to practical ends in human life, or, as it is sometimes expressed, in modifying and manipulating the human environment.
How important is technology?
Helping people solve problems, save time, save lives, communicate and share information, and manage the dynamics of everyday life. New technological developments are driving the world forward, making it more efficient and better.
What is technology used for?
Technology's purpose is to enable the effective exchange of data to address some of society's greatest challenges and to enable individuals and organizations to become more innovative, efficient , to help you be productive.
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during the summer, the largest computer game retailer has a massive sale. as prices for computer games fall, consumers purchase more games, ceteris paribus. what does the term ceteris paribus mean in this context?
According to the question, the term ceteris paribus means that as prices of computer games fall, customers purchased more games while all other factors remain the same. This is in Agreement with the Law of Demand
What is the Law of Demand.
The law of demand in economics is one that describes the relationship between Price and Demand. It states that if the price of goods go up, consumers will demand less of that goods and vice versa.
It therefore implies that price and demand exist in an inverse relationship. As price increases, the demand decreases and if price decreases, the demand increases.
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while on the surface incoterms® rules determine who pays what when, ultimately the directly or indirectly pay(s) the costs of transportation and international shipping.
While on the surface incoterms® rules determine who pays what when, ultimately the importer directly or indirectly pay(s) the costs of transportation and international shipping.
What do you mean by Costs of transportation?
Transportation costs are defined as the costs that consist of all of the expenses linked with the transportation of un-prepared substances, finished products, and personnel.
Moreover, the major factor that affect the cost of Transporation is demand and supply. It includes all the amount that is necessary for providing the goods and service to customers on time and in perfect quality without any breakage.
At the time when a good transportation method is applied, it helps in reducing the transportation cost involved in moving goods and services from one location to another.
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ms. venus has $100 income this year and $110 next year. the market interest rate is 10 percent per year. suppose ms. venus consumes $60 this year. what will be her consumption next year?
ms. venus consumption next year will be $154
How to calculate the consumption ?The first step is to write out the parameters
ms. venus has $100 this year and $110 next year
the market interest rate is 10 percent per year
ms. venus will consume $60 next year
Therefore her consumption can be calculated as follows
(100-60) × 1.1 + 110
= 40 × 1.1 + 110
= 44 + 110
= 154
Hence the consumption for next year is $154
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to plan effective marketing strategies, a company needs to find out all it can about its competitors. it must constantly compare its marketing strategies, products, prices, channels, and promotions with those of close competitors. this is an example of
This is an example of Competitor Analysis
An evaluation of the advantages and disadvantages of present and future rivals is known as competitive analysis in marketing and strategic management. In order to recognize possibilities and risks, this analysis gives both an offensive and a defensive strategic perspective.What information should a competitor analysis contain?A competitive study should look at the attributes, market share, prices, marketing, differentiators, strengths, and weaknesses of your rivals as well as their locations, cultures, and consumer feedback. This article is for small company owners, both new and experienced, who wish to research their rivals to enhance their goods or services.To learn more about Competitor Analysis, Click the Links.
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A travel agent needs to communicate with all
of the following EXCEPT which one when
planning out a trip for a client?
A. the client themself
B. the hotel registration
C. the flight attendant
D. the rental-car agency
Answer:
The flight attendant.
Explanation:
if the contract closes in may at a price of $3.89 per bushel, what will be your profit or loss? (each contract calls for delivery of 5,000 bushels.) (round your answer to 2 decimal places.)
Future contracts are standardized legal contract of buying and selling underlying asset at specified price on specified date in future
Here contract for September 2017 is bought for 3.7525 $ , now contract closed at 3.8 $ thus one need to sell contract at 3.8 $
Thus profit of contract = (3.8-3.7525) x contract size
=0.0475 x 5000
=237.5 $
Thus there is a profit of $237.5.
The term earnings and loss P&L statement refers to a monetary assertion that summarizes the sales, charges, and fees incurred for the duration of a detailed duration, usually a quarter or monetary year. This consists of objects of earnings and costs. These statistics can be derived from invoices, receipts, credit score card statements, and bank account transactions. it's the amount left after subtracting your overall charges from your total revenue.
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the following transactions occurred during march 2024 for the right corporation. the company operates a wholesale warehouse.issued 30,000 shares of no-par common stock in exchange for $300,000 in cash.purchased equipment at a cost of $40,000. cash of $10,000 was paid and a note payable to the seller was signed for the balance owed.purchased inventory on account at a cost of $90,000. the company uses the perpetual inventory system.credit sales for the month totaled $120,000. the cost of the goods sold was $70,000.paid $5,000 in rent on the warehouse building for the month of march.paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning april 1, 2024.paid $70,000 on account for the inventory purchased in transaction 3.collected $55,000 from customers on account.recorded depreciation expense of $1,000 for the month on the equipment.
The Journal Entries for the transactions of Right Corporation for March 2024 are as follows:
Journal Entries:Debit Cash $300,000
Credit Common Stock $300,000
Debit Equipment $40,000
Credit Cash $10,000
Credit Note Payable $30,000
Debit Inventory $90,000
Credit Accounts Payable $90,000
Debit Accounts Receivable $120,000
Credit Sales Revenue $120,000
Debit Cost of goods sold $70,000
Credit Inventory $70,000
Debit Rent Expense $5,00
Credit Cash $5,000
Debit Prepaid Insurance $6,000
Credit Cash $6,000
Debit Accounts Payable $70,000
Credit Cash $70,000
Debit Cash $55,000
Credit Accounts Receivable $55,000
Debit Depreciation Expense $1,000
Credit Accumulated Depreciation - Equipment $1,000
Transaction Analysis:Cash $300,000 Common Stock $300,000
Equipment $40,000 Cash $10,000 Note Payable $30,000
Inventory $90,000 Accounts Payable $90,000
Accounts Receivable $120,000 Sales Revenue $120,000
Cost of goods sold $70,000 Inventory $70,000
Rent Expense $5,00 Cash $5,000
Prepaid Insurance $6,000 Cash $6,000
Accounts Payable $70,000 Cash $70,000
Cash $55,000 Accounts Receivable $55,000
Depreciation Expense $1,000 Accumulated Depreciation - Equipment $1,000
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Question Completion:Journalize the transactions.
nancy compnay has a balance of 15000 in accounts receivable on december 31, of which 1500 is more than 30 days overdue
The company's Allowance for Doubtful Accounts has a starting debit balance of $45 dollars. They calculate that 1% of current accounts and 10% of accounts older than thirty days are uncollectible.
Doubtful Accounts
A doubtful account is one on which you are due payment but are unsure if your company will actually receive it. To put it another way, the debt is what you might have to write off and take a loss on.
Businesses have questionable accounts for a variety of reasons, including
Unsatisfactory Service: If a consumer is unhappy with the caliber of your goods, services, or supplies, they may complain and decide to postpone paying you until the problem is remedied.
Financial Crisis: A client may experience financial difficulty and file for bankruptcy or insolvency.
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while international trade is as logical as interstate trade, some nations restrict imports of certain goods for a variety of reasons. the united states recently restricted the import of fresh tomatoes from mexico. why did the united states restrict the imports of tomatoes?
The United States has restricted fresh tomato imports from Mexico because fresh tomato is driving down domestic fresh tomato price levels, which could create an economic imbalance for domestic companies.
What are the negative effects of international trade?The main negative effects associated with international trade are associated with the devaluation of local businesses, since, due to exchange rate changes, foreign companies can offer a more competitive and lower price than that charged by local companies.
Another effect occurs through increased consumerism and the use of scarce resources for production, increasing the environmental imbalance.
Therefore, there are several consequences of international trade that must be managed by the economic policies of a country, which must also encourage national companies by reducing interest, bureaucracy and investments.
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hatch pattern optimization of powder bed fusion additive manufacturing process for minimizing flatness error
In addition to prototyping, Powder Bed Fusion (PBF) AM processes have lately been more widely used to manufacture end-use parts. These changes lead to necessity of higher requirements to quality of a final product. Optimization of process parameters is one of the ways to achieve desired quality of a part.
In addition to prototyping, Powder Bed Fusion (PBF) AM processes have lately been more widely used to manufacture end-use parts. These changes lead to necessity of higher requirements to quality of a final product.
Optimization of process parameters is one of the ways to achieve desired quality of a part. Finite Element Method (FEM) and machine learning techniques are applied to evaluate and optimize AM process parameters. While FEM requires specific information, Powder Bed Fusion Machine Learning is based on big amounts of data. This paper provides a conceptual framework on combination of mathematical modelling and Machine Learning to avoid these issues.
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maria wishes to buy gasoline and have her car washed. she finds that if she buys 9 gallons of gasoline at $2.50 per gallon, the car wash costs $2, but if she buys 10 gallons of gasoline, the car wash is free. for maria, the marginal cost of the tenth gallon of gasoline is
The marginal cost of the tenth gallon of gasoline is b. $2.50.
The marginal cost of capital is the weighted average price of recent capital calculated by way of the marginal weight. The marginal weight represents the proportion of numerous resources of finances to be employed in elevating additional budget.
Marginal price is calculated as the total costs required to manufacture one additional correct. therefore, it may be measured by means of changes to what charges are incurred for any given additional unit. Marginal value = change in overall fees/alternate in the number of devices Produced.
Marginal costs exist when the full cost of production includes variable charges. There are exceptional forms of marginal costs, inclusive of marginal social charges, marginal private expenses, and marginal external expenses.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: Maria wishes to buy gasoline and have her car washed. She finds that if she buys 9 gallons of gasoline at $2.50 per gallon, the car wash costs $2, but if she buys 10 gallons of gasoline, the car wash is free. For Susan, the marginal cost of the tenth gallon of gasoline is
Select one:
a. $2.00.
b. $2.50.
c. 50 cents.
d. zero.
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organizations design and implement systems to capture the details of transactions involved in each business
Organizations design and implement accounting information systems to capture the details of transactions involved in each business.
What is accounting information?Accounting information is fed into an accounting information system that uses computers to process data. It records and tracks all the accounting activity of the business by making use of information technology systems and resources.
A firm employs an accounting information system (AIS) as a framework to gather, organize, process, retrieve, and report its financial data so that accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies may use it.
To assure the highest level of accuracy in a company's financial transactions and record-keeping, as well as to make financial data easily accessible to those who legitimately need access to it—all while keeping data intact and secure—specially trained accountants closely collaborate with AIS.
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write five advantages of multinational company
Answer:
1. Outsourcing
2. Economies of scale
3. Tax avoidance
4. Employment of skilled labour
5. Wider consumer base
stockholders' equity at the beginning of the year for atlas inc. was $390,000, while its liabilities totaled $230,000. during the year its assets increased by $75,000; its liabilities decreased by $50,000. which of these is stockholders' equity at the end of the year for atlas inc.?
Stockholders' equity at the beginning of the year for atlas inc. was $390,000, while its liabilities totalled $230,000. during the year its assets increased by $75,000; its liabilities decreased by $50,000. $515,000 is stockholders' equity at the end of the year for Atlas inc.
A person who holds at least one share of a company's capital stock is known as a stockholder or a shareholder of the business. Stockholders, who make up the majority of the company's owners, typically benefit from success through rising stock prices.
A stockholder is a person who owns shares in a firm, according to the definition. Among stockholders is someone who has Apple shares. noun. a stockholder in a corporation or joint-stock firm who has one or more shares of stock. equivalent to the shareholder.
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investigating the cost-effectiveness of operative versus nonoperative treatment for distal radius fractures
The average cost of care for a radius fracture patient ranged from $6,577 to $8,181 depending on the definition of an episode of care. No matter definition, the variant in cost turned into high. The fee of the surgical procedure itself composed sixty-one% to ninety-one% of the total cost of an episode.
If the distal radius fracture is in a terrific function, a splint or forged is carried out. It regularly serves as a final treatment until the bone heals. normally a solid will stay on for up to 6 weeks. Then you may be given a detachable wrist splint to wear for comfort and aid.
Whilst distal radial fracture surgery is not constantly important that allows you to fix the damage, this kind of wrist surgical operation is one of the maximum typically achieved by way of orthopedic physicians.
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The letters A, B, C, D, E, F, G are called what?
is a set of models that describe the technical implementation of an organization’s business strategy and business processes.
Enterprise architecture is a set of models that describe the technical implementation of an organization’s business strategy and business processes.
What is an Enterprise architecture?
A comprehensive definition, organization, standardization, and documentation of an organization's structure and relationships in terms of specific crucial business domains (physical, organizational, technical, etc.) defining the entity under analysis is provided by the analytical discipline known as enterprise architecture (EA).
The purpose of EA is to develop an effective representation of the commercial enterprise that may be utilized at all levels of stewardship to lead, optimize, and alter the business as it responds to real-world situations.
EA is used to record how domain elements relate to one another and interact with one another as indicated by their processes, functions, applications, events, data, and technologies used.
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this section should include how using the spreadsheet data assisted you in 1) identifying supplier’s record for on-time deliveries, 2) suppliers offering the best accounts payable terms, and 3) suppliers offering lower pricing when the same item can be provided by multiple suppliers.
The spreadsheet data assisted by way of: helping with information Exports. Spreadsheets may be used to comprise records that has been exported from other structures.
A spreadsheet is a pc application for computation, company, evaluation and storage of information in tabular shape. Spreadsheets had been developed as automatic analogs of paper accounting worksheets. the program operates on facts entered in cells of a desk.
Spreadsheet, pc program that represents statistics in a two-dimensional grid of facts, at the side of formulation that relate the statistics. historically, a spreadsheet is an accounting ledger page that suggests numerous quantitative facts useful for coping with a business.Excel information types are the four exceptional styles of values in Microsoft Excel. The four styles of statistics are text, quantity, logical and blunders. you can perform extraordinary features with each type, so it is important to know which ones to apply and when to use them.
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muggins is evaluating a project to produce a new product. the product has an expected life of four years. costs associated with the product are expected to be as follows.
Muggins is evaluating a project to produce a new product. the product has an expected life of four years. costs associated with the product Assess on financial grounds whether the project is acceptable.
What is financial ?Money, currencies, and capital assets are the subject of the study and practice of finance. The study of the creation, transfer, and consumption of money, assets, goods, and services is known as economics. However, the two are not the same thing. The field of finance can be loosely classified into three categories: personal, corporate, and public. Finance activities occur in financial systems at various scales.
Assets are purchased, sold, or exchanged as financial instruments in a financial system, including money, loans, bonds, shares, stocks, options, futures, and so on. To enhance value and reduce loss, assets can also be banked, invested in, and insured. Risks are actually always present in financial transactions and companies.
Finance is a big subject, and there are many subfields within it.
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Freedom of ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services.
Freedom of enterprise ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services.
Who is an entrepreneur?An entrepreneur can be defined as a person who sets up a business or an organization in respect of making a profit. Also, he takes financial risks in doing so.
Freedom of enterprise is necessary for a business or entrepreneur as it makes shows that the company is being provided with all sorts of resources and technology that they want easily without any restrictions or bondage.
This will ensure that the business is run smoothly and there is no time delay getting permission.
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The question is incomplete, the complete question will be
freedom of ______ ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services
hillary's company is said to have high levels of agreement among employees about what they value and high intensity toward these values
Hillary's company is said to have high levels of agreement as well as option b: strong culture.
What is a characteristic of a strong culture?Strong cultures is known to be a term that connote a more than one strong leader that tends to teach beliefs, behavioral rules, etc., that are known to match with customer needs, and others.
Note that A strong culture is one that is known to connote a form of a deeply embedded or put into the ways a business or organization that tends to do those things.
Hence, Hillary's company is said to have high levels of agreement as well as option b: strong culture.
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Hillary's company is said to have high levels of agreement among employees about what they value and high intensity toward these values. Her company's culture can be defined as a(n):
a. Weak culture
b. Strong culture
c. Intense culture
d. Stable culture
ken a single taxpayer has a gross income of $79 685. he claims one exemption and can take a deduction of $1257
Ken, a single taxpayer, has a gross profit of $79,685. He claims one exemption and might take a deduction of $1,257 for scientific expenses, a deduction of $2,181 for hobby on his loan, an adjustment of $800 for alimony, a deduction of $1,419 for property taxes, an adjustment of $1,722 for commercial enterprise expenses, and an adjustment of $2,511 for contributions to his retirement fund. The standard deduction for an unmarried filer is $5,seven-hundred, and exemptions are really worth $three,650 apiece. the usage of the desk below, Ken owes an income tax of $12675.
The usual deduction is $910 better than the Nedages' deductions. Ken, an unmarried taxpayer, has a gross income of $79,685.the standard deduction reduces the number of earnings this is taxed and gets rid of the want for many taxpayers to itemize deductions due to the fact you may take the better deduction of the two.
A deduction can simplest decrease your taxable income and the tax charge that is used to calculate your tax. this may bring about a bigger refund of your withholding. A credit reduces your tax giving you a bigger refund of your withholding, however sure tax credit can give you a refund even when you have no withholding.
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online blank processing is the manipulation of information to create business intelligence in support of strategic decision making.
online Information is changed through analytical processing in order to produce business intelligence to aid in strategic decision-making.
MEANING
Online analytical processing, also known as OLAP, is a method used in computing to quickly respond to multi-dimensional analytical (MDA) inquiries. The broader field of business intelligence, which also includes relational databases, report writing, and data mining, includes OLAP as one of its subcategories. Business reporting for sales, marketing, management reporting, business process management (BPM), budgeting and forecasting, financial reporting, and related sectors are typical OLAP applications. New applications, such agricultural, are emerging.
Online transaction processing, a traditional database phrase, was slightly modified to become OLAP (OLTP).
Users of OLAP technologies can interactively evaluate multidimensional data from many angles. area, etc.
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target and walmart sell athletic clothing at a lower price than specialty retailers. these stores operate under .
Target and Walmart, which sell athletic clothing at a lower price than specialty retailers, operate under the overall cost leadership strategy.
What is the cost leadership strategy?The overall cost leadership strategy is one of the generic competitive strategies that an entity can employ to expand its sales revenue, increase profits, and gain a competitive advantage.
The overall cost leadership strategy entails that the business offers quality products at low prices (even lower than competitors) and increases profits by reducing its costs.
Thus, what Target and Walmart are doing to gain a competitive advantage over specialty retailers is cost leadership.
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Question Completion with Answer Options:a. Cost Leadership Strategy.
b. Differentiation Strategy.
c. Cost Focus Strategy.
d. Differentiation Focus Strategy.
the combination of successive stages of production and distribution under a single ownership defines which vertical marketing system?
Corporate vertical marketing system
a subscription model charges a variable fee based on the volume of transactions or operations performed by the application.
A subscription model does not charge a variable fee based on the volume of transactions or operations performed by the application. Hence, the given statement is false.
What is the subscription model?When a customer takes a subscription model, in that case, they are charged on a recurring basis for that particular product or service. They will have to change their subscription model after that.
Most subscription models provide all customers with some kind of option that they can renew or cancel. The subscription model does not charge a variable fee.
Therefore, it is based on the transaction, but it charges based on the plan for how long one is going to use the services.
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summary information from the financial statements of two companies competing in the same industry follows. ryan company and barco company :for both companies compute profit margin ratio
The maximum critical economic declaration for most people of users is likely to be the profits assertion, The financial statements of two corporations competing within an identical enterprise.
Profit Margin Ratio = Net Income / Net Sales
Barco Company = $149,492 / $760,000 = 0.196
Kyan Company = $233,738 / $904,200 = 0.258
Total Asset Turnover = Net Sales / Average Total Asset
Barco Company = 760,000 / ((428,000 + 481,140)/ 2) = 1.67
Kyan Company = 904,200 / ((402,500 + 543,350)/ 2) = 1.91
Return on Total Asset = EBIT / Average Total Asset
Barco Company = 171,900 / ((428,000 + 481,140)/ 2) = 0.38
Kyan Company = 271,700 / ((402,500 + 543,350)/ 2) = 0.57
Return on Common Share = Net Income / Average common shareholder's Equity.
Barco Company = 149,492 / (( 170,000 + 170,000) / 2) = 0.88
Kyan Company = 233,738 / ((196,000 + 196,000) /2) = 1.19
Price Earning Ratio = Price Per Share / Earning Per Share
Barco Company = 80 / 4.40 = 18.18
Kyan Company = 80 / 5.96 = 13.42
Dividend Yield Ratio = Annual Dividend / Price Per Share
Barco Company = 3.80 / 80 = 0.047
Kyan Company = 3.96 / 80 = 0.049.
Kyan Company Stocks are better for investment as it has an ideal price Earning Ratio, which means it is not overpriced, a better Dividend Yield Ratio as compared to Barco company and by looking at the other Ratios, we can see it has better fundamentals than the latter one.
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