Answer:
Explanation:
Date Account titles and Explanation Debit Credit
Jun 01 Cash (270,000*102%) $275,400
Bonds payable $270,000
Premium on Bonds Payable $5,400
(to record the sale of these bonds)
What do you need to perform as a key activity for a business?
Answer:
Creating and offering a Value Proposition, reaching markets, maintaining Customer Relationships, and earning revenues!
Explanation:
Hernandez Company expects credit sales for January to be $43,000. Cash sales are expected to be $23,000. The company expects credit and cash sales to increase 10% for the month of February. Credit sales are collected in the month following the month in which sales are made. Based on this information, the amount of cash collections in February would be:
Answer:
the cash collections in the month of Feb is $68,300
Explanation:
The computation of the cash collections in the month of Feb is as follows:
= Cash sales × 110% + credit sales
= $23,000 × 110% + $43,000
= $25,300 + $43,000
= $68,300
hence, the cash collections in the month of Feb is $68,300
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The Motor Works is considering an expansion project with estimated fixed costs of $127,000, depreciation of $16,900, variable costs per unit of $41.08, and an estimated sales price of $79.90 per unit. How many units must the firm sell to break even on a cash basis
Answer:
Break-even point in units= 3,271
Explanation:
Giving the following information:
estimated fixed costs of $127,000
variable costs per unit of $41.08
Selling price of $79.90 per unit.
Because it is requiring the cash break-even point, we will not take into account the depreciation expense.
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 127,000 / (79.9 - 41.08)
Break-even point in units= 3,271
IFRS reporting requires all of the following items except
Answer:
Option C would be the correct answer.
Explanation:
In the given question, options are not mentioned. Please find the attachment of the complete query.
IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent. Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.Certain alternatives do not apply to the procedure outlined. But the option above would be correct.
For your post-graduation celebratory trip you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes: Spot rate on the dollar/euro cross rate Spot rate on the ruble/dollar cross rate a. What is the Russian ruble/euro cross rate? b. How many rubles will you obtain for your euros?
The Russian ruble/euro cross rate is Rbl 40.91/euro
The amount of Russian ruble that 15,000 euros can be converted to based on the cross exchange rate is Rbl613,650.00
What is cross rate?
The Russian ruble/euro cross rate is the amount of Russian ruble that exchanges hands for one Euro , which can be computed by multiplying the Ruble/Dollar rate by the Dollar/Euro rate, which eliminates US dollar, since the dollar numerator in exchange rate cancels the dollar denominator in the other exchange rate.
Russian ruble/euro cross rate=Rbl 30.96/$1*$1.3214/euro
Russian ruble/euro cross rate=Rbl 40.91/euro
The amount of Rubles that can be obtained from 15,000 euros is determined as the total amount the traveler multiplied by the Russian ruble/euro cross rate
Amount in rubles=Rbl 40.91*15,000
Amount in rubles=Rbl613,650.00
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Full question:
For your post-graduation celebratory trip, you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes.
Dollar/Euro rate - $1.3214 per euro
Ruble/Dollar rate - Rbl 30.96 per dollar
a. What is the Russian ruble/euro cross rate?
b. How many rubles will you obtain for your euros?
Help please! this is a business class! I am using plato <3
He can adjust the salary in order to reduce costs.
Zhang Industries budgets production of 220 units in June and 230 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $12.40 per hour. The indirect labor rate is $19.40 per hour. Compute the budgeted direct labor cost for July.
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)( Hours of direct labor)( Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.
developing recommendations to improve medical care
promoting the best use of land and resources
developing plans for growth and renewal
promoting campaigns for political elections
reviewing applications for government assistance
Nvm its b and c
Answer:
Wat
Explanation:
Answer:
b & c (did the assignment on edg) ;)
Explanation:
The new environment that allows a person to choose how, when, or if they will interact with a company is termed a(n) ________.
a. materialistic society.
b. consumption community.
c. producer-controlled market.
d. artificial need.
e. consumer space.
Answer:
e. consumer space.
Explanation:
The new environment that allows a person to choose how, when, or if they will interact with a company is termed a consumer space.
Generally, when the manufacturer of a product produces his or her goods, it is very important that it is made available at a shop or store where different customers can easily access them to make their choices when they want to purchase them.
For instance, products such as cars, mobile phones, furniture, cooking utensils are examples of products that a seller displays in a consumer space for the customers to see.
e. consumer space
CompanyA company is a legal body that represents a group of people with a common goal, whether natural, legal, or a combination of both. Members of the company share a shared goal and work together to achieve it.The consumer transforms these consuming areas into his own personal environment through subjective processes. The act of interpretation transforms the "location" of consumption to fit into the consumer's particular expectations, intents, and memories.The new environment that allows a person to choose how, when, or if they will interact with a company is termed e. consumer spaceFor more information:
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In a single-period model, if shortage cost is four times excess cost, then the optimum service level is ___%.
A) 0.B) .33.C) .50.D) .67.E) .75.
Answer: 80% = 0.8
Explanation:
The following can be gotten from the question:
Cu = Shortage cost
Co = Excess cost
Since the shortage cost is four times excess cost. This will be:
Cu = 4 × Co
Cu = 4Co
Therefore, Co = 1/4Cu = 0.25Cu
The optimum service level will then be calculated as:
= Cu / (Cu + Co)
= Cu / Cu + 0.25Cu
= Cu / 1.25Cu
= 1/1.25
= 80%
= 0.8
Suppose the spot exchange rate for the Canadian dollar is Can$1.12 and the six-month forward rate is Can$1.14.
A. Which is worth more, a U.S. dollar or a Canadian dollar?
B. Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Can$2.85?
C. Is the U.S. dollar selling at a premium or a discount relative to the Canadian dollar?D. Which currency is expected to appreciate in value?E. Which country do you think has higher interest rates - the United States or Canada?
Answer:
Explanation:
Given that:
a)
1$ = Can $1.12
It takes a value of 1 U.S dollar to have 1.12 Canadian dollars. This signifies that the U.S dollar is worth more than Canadian dollars.
b)
Assuming that the absolute Purchasing Power Parity PPP holds,
Since 1$ = Can $1.12, the cost in the United States of an Elkhead beer, if the price in Canada is Can$2.85 can be determined to be:
= [tex]\dfrac{2.85}{1.12}[/tex]
= $2.545
c)
Yes, the U.S. dollar is selling at a premium relative to the Canadian dollar.
This is because we are being told that the spot exchange rate for the Canadian dollar is Can $1.12 & in six (6) months time the forward rate will be Can $1.14.
d)
The U.S dollar is expected to appreciate in value because it is trading at a premium in the forward market.
e)
Canada has higher interest rates. This determined by using the formula:
= [tex]\dfrac{(\dfrac{Fwd}{Spot }-1)}{n}[/tex]
where; n= numbers of years = 6 month/12 month = 0.5 year
Then;
[tex]=\dfrac{(\dfrac{1.14}{1.12 }-1)}{0.5}[/tex]
[tex]= \dfrac{(1.0178-1)}{0.5}[/tex]
[tex]= \dfrac{(0.0178)}{0.5}[/tex]
= 0.0356
= 3.56%
If Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of
Answer: concept testing
Explanation:
Concept testing is simply used by a company or organization to determine whether customers will accept a product or not. In this case, a survey can be used to know if they'll except such product before it's introduction to the market.
Since Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of concept testing.
10. How is net profit computed?
Net profit is computed by adding all sales income.
Net profit is computed by producing goods.
Net profit is computed by subtracting expenses from sales income.
Net profit is computed by adding all expenses.
Answer:
2 doe sure have a good day
Safeway has continuously introduced new products to its Safeway Select brand label of groceries, like Select Cola and Select Soups. Why has Safeway chosen to build and expand its own in-store brand label
Answer:
Safeway has chosen to build and expand its own in-store brand label for the following reasons:
1. Exclusivity and differentiation: Safeway knows that the in-store brand label makes the product exclusive to Safeway stores only. Therefore, these products are differentiated from other products and can only be found in Safeway stores.
2. Competitive pricing: Safeway is facing increasing competition from rivals, especially in the area of pricing. To ward off price competition, it may decide to build its own in-store brands.
3. Improved quality: Safeway can detect the highest quality for its own in-store brands, which it could not do, assuming that it stores the manufacturers' brand labels.
Explanation:
In-store brand labels are private label products manufactured by one company but are branded for and sold in another company's brand labels. Many retailers have found the use of in-store brand labels attractive in recent years, given the increasing competition of brand products.
g A speculator buys a call option for $3, with an exercise price of $50. The stock is currently priced at $49, and rises to $55 on the expiration date. What is the stock price at which the speculator would break even
Answer:
$53
Explanation:
Call option is $3
Exercise price is $50
The stock is currently priced at $49
It rises to $55 on the expiration date
Therefore the cost price at which the speculator will break even can be calculated as follows
= ($50-$3)+($55-$49)
= $47 + $6
= $53
Pamela is also a saver. She sets aside $100 per month during her 40 year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period.
Answer:
$32,183.77
Explanation:
A- monthly payment, r- monthly interest rate, n- number of months
A- 200, r- 7%/12 =0.583%, n = 40 × 12 = 480
FV = 200× (1- (1.00583)^(-480))/0.00583
=32,183.767
= $32,183.77
She invests in the US stock market in an index fund that averages a 7%. The annual return over this 40 year period is $32,183.77.
What is index fund?
A mutual fund or exchange-traded fund that tracks a certain basket of underlying investments is known as an index fund. Index funds must adhere to a set of predetermined regulations.
An index fund is a combination of stocks or bonds created to closely resemble the make-up and performance of an index of the financial markets. In comparison to actively managed funds, index funds incur fewer costs and fees. Investing is done passively with index funds.
I- 200
r- 7%/12 =0.583%
n = 40 × 12 = 480
FV = 200× (1- (1.00583)^(-480))/0.00583
=32,183.767
Hence, The annual return over this 40 year period is $32,183.77.
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Cinemas are raising the price of popcorn. Demand for field corn, used for animal feed, corn syrup, and ethanol, has increased and its price has exploded. Some farmers have shifted from growing popcorn to easier-to-grow field corn.
The effect that the shift from the growing of popcorn would have in the cinema is that there would be a decrease in the supply of popcorn in the cinemas this would be reflective in the price which would rise.
How does supply affect price?When there is a low supply in the particular product, then we can say that there is a scarcity of that product. This would cause the price of the product to rise in the market.
This would also lead to the fall or decrease in the demand for popcorn in the market. this would further cause a decrease in the quantity of movie tickets that are bought in the market.
The factor that is responsible for this is the fact that movie tickets and popcorn are complementary goods.
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complete question
Popcorn Movie” Experience Gets Pricier
Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup, and ethanol, has increased and its price has exploded. That’s caused some farmers to shift from growing popcorn to easier-to-grow field corn.
Source: USA Today, May 24, 2008
Explain and illustrate graphically the events described in the news clip in the market for
Popcorn
Movie tickets
According to author Daniel Pink, which statement reflects personal selling in the digital era?
Answer:
Technology that should have made salespeople
Explanation:
In To Sell Is Human, bestselling author Daniel Pink debunks the trope of the polyester-clad trickster as the face of sales in America. In fact, Pink found that most Americans now spend a good part of their job in “non-sales” sales, moving people by persuasion even if they aren’t trying to get them to buy a product. Pink explores how the increased accessibility due to the internet has made being a buyer better than ever and what salespeople need to do to be successful in a “caveat venditor” (seller aware) economy.
The Blue Star has sales of $387,000, costs of goods sold of $259,000, average accounts receivable of $9,800, and average accounts payable of $12,600. How long does it take for the firm's credit customers to pay for their purchases
Answer:
9.24 days
Explanation:
Calculation for How long does it take for the firm's credit customers to pay for their purchases
First step is to calculate Receivables turnover
Using this formula
Receivables turnover=Sales/Average accounts receivable
Let plug in the formula
Receivables turnover = $387,000/$9,800
Receivables turnover= 39.48979592
Last step is to calculate the Receivables period using this formula
Receivables period = Numbers of days in a year/Receivables turnover
Let plug in the formula
Receivables period = 365 days/39.48979592
Receivables period = 9.24 days
Therefore How long does it take for the firm's credit customers to pay for their purchases is 9.24 days
Is total welfare maximized in the Nash equilibrium? If not, suggest an outcome that would maximize total welfare, and compute the deadweight loss in the Nash equilibrium compared with your outcome.
Hello. More context would be needed to answer your question. however, I will try to help you in the best possible way.
Nash equilibrium is a concept that is literally linked to the execution of the plan that was established for the institution and the capacity. This is because this term refers to the ability of an institution to achieve a successful result, which generates total well-being in all its sectors, through the execution of a strategy that does not escape the initial plan and does not need incentives, or be of help, to reach a result. Thus, we can say that total well-being is maximized in the Nash equilibrium.
You are a junior in college. You sent your resume to a half-dozen companies hoping to get a summer internship. Two weeks ago XYZ Corporation contacted you and offered you a paid summer internship. One week ago you accepted their offer, agreeing to start work a week after your last final exam. Today you received a much better internship offer from ABC Corporation. What should you do
Answer:
I would politely reach out to XYZ organization and let them know I won't be taking them on their offer
Explanation:
In this particular situation, there is no legal binding in this agreement to start work. There is no responsibility from me to XYZ corporation.
If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.
Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost of the health care policy. How much does her employer contribute
Answer: $9120
Explanation:
Here is the completed question:
At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $40 per month for individual coverage and $85 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $70 per month and family coverage is $165 per month. Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost. How much does her employer contribute?
Since it's an individual coverage and $40 is paid per month, the yearly payment will be:
= $40 × 12
= $480
Let the total contribution be represented by y.
5% of y = $480
5% × y = $480
0.05 × y = $480
0.05y = $480
y = $480 / 0.05
y = $9600
Since the total contribution is $9600 and Arielle pays $480. Therefore, the employer will contribute:
= $9600 - $480
= $9120
Arielle's contribution is $9600 and Arielle pays $480. Therefore, the employer's contribution is equal to $9120.
What is meant by employer contribution?
A employer contribution is refers to as the amount contributed by employer to his or her employee pension fund. Generally it is equal to 12% of the basic monthly salary of employee.
Solution:-
An individual coverage and $40 is paid per month, the yearly payment will be:
Yearly payment = $40 × 12
Yearly payment = $480
Let, the total contribution be represented by y.
5% of y = $480
5% × y = $480
0.05 × y = $480
0.05y = $480
y = $480 / 0.05
y = $9600
Since, the total contribution is $9600 and Arielle pays $480. Therefore, the employer will contribute:
= $9600 - $480
= $9120
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What is the purpose of the statement of cost of goods manufactured?
Through self-guided internet research, the intellectually curious mind can find many examples of potential rewards in business. Add two (2) or more examples of Business Rewards to this list.
Through self-guided internet research, the intellectually curious mind can find many examples of potential rewards in business. Add two (2) or more examples of Business Rewards to this list:
Business Rewards
A deep sense of satisfaction
Being the one in control
Providing sustainable jobs and income for others
The opportunity to give back / community responsibility
The satisfaction of excellent customer feedback
Financial Rewards
After conducting additional research, what other business rewards can you add here?
Answer:
1. Independence and Flexibility
2. Learning opportunities
Explanation:
The rewards of having a business are tremendous and cannot be overemphasized. Hence, asides from the listed business rewards, here are two additional business rewards
1. Independence and Flexibility: One of the rewards of doing business is the independence that comes with it. As the business grows, a business owner gets to have the independence to work whenever he wishes, and have the flexibility of time to be active in business life and other events outside the business.
2. Learning Opportunities: business activities allows business owners to see and learn how certain aspects of the business is getting done. Even when there are employees to perform those functions, business owners still have the opportunity to see, learn, and understand how those activities are being carried out.
Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b before each job type).a. Exemptb. Nonexempt_____ 6. Auto mechanic_____ 7. Fruit picker_____ 8. Worker on a foreign-flag cruise ship_____ 9. Librarian_____ 10. Taxi driver_____ 11. Real estate agent_____ 12. Bellperson at a hotel_____ 13. Computer programmer (paid more than $27.63 per hour)_____ 14. Hairdresser_____ 15. Bank teller
Answer:
certain jobs are excluded from minimum wage or overtime requirements. E.g. generally white collar jobs are exempt. Exemptions include other types of jobs, especially temporary jobs.
__B___ 6. Auto mechanic
___A__ 7. Fruit picker ⇒ seasonal job
__A___ 8. Worker on a foreign-flag cruise ship ⇒ they are not employed by an American company
__B___ 9. Librarian
__A___ 10. Taxi driver ⇒ earn sales commissions
__A___ 11. Real estate agent ⇒ earn sales commissions
__B___ 12. Bellperson at a hotel ⇒ They are not exempt, but their minimum wage is much lower.
__A___ 13. Computer programmer (paid more than $27.63 per hour)
__A or B___ 14. Hairdresser ⇒ depends if they are paid based on sales commission or not, or if they receive tips. Hairdressers that receive commissions are exempt, and those who receive tips have a lower minimum wage. Only hairdressers that are paid on an hourly rate and do not receive commissions or tips must be paid a minimum wage. This applies generally to apprentices.
__B___ 15. Bank teller
Hey guys! please help me with this questions.
1. What is Business? Explain the objective of business.
2. Explain social responsibility of business
3. Explain various form of business organizations
Answer:
1.Business objectives are the specific and measurable results companies hope to maintain as their organization grows. Entrepreneurs and business leaders must track performance in every part of their business to make sure they're moving in the right direction
Explanation:
in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
Answer:
In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):
source of cash.
Explanation:
Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.
Suppose that in addition to the $66,799 annual rental payments, Kimberly-Clark is also required to pay $5,000 for insurance costs each year on the building directly to the lessor, Sheffield Storage. How would this executory cost affect the initial measurement of the lease liability and right-of-use asset?
Answer:
The question is incomplete, since we are missing the rest of the information. I looked for a similar question and found that the lease agreement lasts 10 years.
The annual insurance payment will increase the right of use asset and lease liability by:
PV annuity due = payment + {payment x [1 - (1 + r)⁻⁽ⁿ⁻¹⁾]/r}
PV = $5,000 + {$5,000 x [1 - (1 + 0.08)⁻⁹]/0.08} = $36,234
A machine with a cost of $162,000, current year depreciation expense of $25,000 and accumulated depreciation of $101,000 is sold for $52,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:___________.
a. 25000
b. 5280
c. 77800
d. 16200
e. 33200
Answer:
Amount reported in operating activities = $33,200
Explanation:
Given:
Cost of machine = $162,000
Accumulated depreciation = $101,000
Sales price = $52,800
Current year depreciation = $25,000
Computation:
Particular Amount
Cost of machine $162,000
Less: Accumulated depreciation $101,000
Book value of machine $61,000
Loss on sale[$61,000-$52,800 ] $8200
Amount reported in operating activities = Current year depreciation + Loss on sale
Amount reported in operating activities = $25,000 + $8200
Amount reported in operating activities = $33,200
What do you recommend that Penelope do with the request to form a company-sponsored affinity group, The Splendid Seniors
Incomplete question. The full question read;
Penelope is the vice president of HR at a large utility company, Power Energy. The company prides itself for its culturally diverse workforce, including a leadership team that is demographically and culturally diverse. One of the company initiatives for recognizing the rights of different groups are the company sponsorship of affinity groups. Power Energy affinity groups (also referred to as employee network groups) include the Latino Association. The Black Tech Workers Group, The Gay Workers Alliance, and the Lesbian Rainbows. The groups receive both encouragement and a modest financial budget from the company. Penelope is the official coordinator for these groups and has helped each group form a charter and organize meetings. Last week she received an email from five workers who have decided to form another affinity group, Power Energy employees. 60 years of age and older. Skeptical of the purposes of such a group, Penelope holds a meeting with the group who is attempting to form the new affinity group, “ The Splendid Seniors. ” During the meeting, members of the Splendid Seniors explain to Penelope that the company has a large number of workers aged 60 and over who collectively have special interests. Ron, the leader of the group, explains that many senior workers like to talk about retirement, as well as their concerns that Power Energy might soon cut their retirement and medical benefits. Ron also pointed out that if the company can sponsor affinity groups for Latinos, Blacks, Gays, and Lesbians, the company should be willing to support a group organizing itself by age. Penelope explains to the group that an affinity group is usually reserved for Equal Opportunity Commission (EEO) protected groups such as race, gender, and sexual orientation. She also asks why outside of talk about future retirement, workers over 60 have any particular concerns that would warrant a company-sponsored affinity group. Ron replied, “ I and the rest of the group are disappointed. We thought that Power Energy really believed in demographic diversity. ” Penelope replied that she would give the subject of an affinity group for people 60 and over some more thought.
What do you recommend that Penelope do with the request to form a company-sponsored affinity group, The Splendid Seniors?
Answer:
She should support the request.
Explanation:
Remember, all the group employees want is to be recognized as an affinity group having the same rights as other existing affinity groups. In fact, her refusal to accept the group's requests only reinstills in them the desire to get equal treatment.
Also, The Age Discrimination in Employment Act of 1967 is against discrimination in the workplace on the basis of age (especially for employees who are 40 years of age and above), such as preventing them from having similar privileges as others.
Therefore, Penelope should reconsider her decision, and then grant the workers over 60 right to form their own affinity group.