Statement of Income for GATOR Investments For the fiscal year ended December 31, 2012, revenues: $118,600 in service revenue Expenses: $31,700 was spent on advertising $63,300 is spent on salaries.
What is Investment?An asset or object purchased with the intention of generating income or appreciation is referred to as an investment.The term "appreciation" describes a rise in an asset's worth over time.When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.An investment always entails the expenditure of some capital today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested.A financial asset, for instance, may be bought by an investor now with the hope that it would provide income later on or be sold for more money.To know more about Investment, refer to the following link:
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in the 1990s, many people had rising incomes. at the same time, there was a rise in cost of wood. holding other factors constant, the demand for houses and the supply for houses . a. increase, increase b. increase, decrease c. decrease, increase d. decrease, decrease
In the 1990s, many people had rising incomes. At the same time, there was a rise in cost of wood. Holding other factors constant, the demand for houses Increase and the supply for houses decrease.
What is income?The amount of money, property, and other transfers of value received over a predetermined period of time in exchange for services or goods are generally referred to as "income." Income is defined according to the context in which the concept is used; there is no single, universal definition.
Income is the money that a person or organisation receives in return for providing labour, producing a good or service, or investing capital. While businesses make money by selling goods or services above their cost of production, individuals typically earn money through wages or salaries.
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What is a choice a management accountant must make when developing a costing system for a specific firm? multiple choice
The choice in a management accountant that must be made when developing a costing system for a specific firm are;
cost accumulation method cost measurement methodoverhead application methodWhat is costing system?A costing system can be described as the system that is been used in monitoring the costs that is been incurred by a business.
It should be noted that the system do encompass set of forms, processes as well as controls, and reports which are to give the management the details that affect the revenues, costs, and profitability.
In conclusion, the process costing system is been engaged in the sectors of the manufacturing industry and this is very essential in determining the total production cost with respect to each unit of product.
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CHECK COMPLETE QUESTION:
What 3 choices must the management accountant make when developing the costing system to fit a specific firm?
(based on the 3 characteristics of costing methods)
1. cost accumulation method
2. cost measurement method
3. overhead application method
is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.
Supply is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.
Supply is the amount of product a company can offer to its customers at a specific price. Demand is the customer's desire to purchase a product at that price. Demand and supply work together to create a balanced and competitive market.
Supply is the number of products or services that a business must provide to its customers at any given time. For brick-and-mortar stores, this means inventory that a business stores on its premises and warehouses that it can sell to customers.
Delivery of Goods means the agreed transfer of ownership of the Goods. Sale of movable property on a commission basis by an auctioneer or agent acting in his own name but acting on behalf of another person. Delivery of goods under an installment contract
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Liabilities are ______ related to the recognition of expenses. multiple choice question.
Liabilities are sometimes related to the recognition of expenses.
How are liabilities related to expenses?Sometimes, the liabilities that a company has are related to the expenses that it recognizes. This especially happens when expenses lead to a company owing an amount that they were unable to pay off in the current period, and so had to carry as current liabilities.
For example, when a company is unable to pay for the utilities expenses that it used in 2021, this goes to the Utilities payable account which is a current liability account. This therefore shows that sometimes when expenses are recognized, they will lead a business into incurring liabilities as a result.
In conclusion, the recognition of expenses is sometimes related to liabilities.
Options for this question include:
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A pet store sells a large dog kennel for $98.50. the wholesale cost of the kennel is $63.55. what is the percent of markup? round to the nearest percent.
The percent of markup for the pet store is 54.99% or 55 percent if rounded up. Procedure to get the markup price
= 98.50 - 63.55
= 34.95
= (34.95 ÷ 63.55) × 100
= 54.99 or 55.
More about mark up:
The term "markup" describes the discrepancy between an item's cost and its sales price. It is stated as an additional percentage over the price. In other words, the vendor makes money by charging a surcharge over the overall cost of the commodity or service. Mark up price is very important for the successful operation, continuation, and expansion of the firm.
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The percent of markup for the pet store is 54.99% or 55 percent if rounded up. Procedure to get the markup price is
= 98.50 - 63.55
= 34.95
= (34.95 ÷ 63.55) × 100
= 54.99 or 55.
More about mark up:
The term "markup" describes the discrepancy between an item's cost and its sales price. It is stated as an additional percentage over the price. In other words, the vendor makes money by charging a surcharge over the overall cost of the commodity or service. Mark up is very important for the successful operation, continuation, and expansion of the firm.
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you are thinking of going out to dinner at a restaurant with your friends. the meal is expected to cost you $50, you typically leave a 20% tip, and a round-trip uber ride will cost you $20. you value the restaurant meal at $20, and the time spent with your friends at $30. if you did not go out to the restaurant, you would eat at home using groceries that cost you $10. you should to dinner with your friends because the benefit of doing so is than the cost.
The fill in the blanks is not go and less
Saving money is vital since it gives you protection in case of an unexpected financial situation. Saving money may provide you a better sense of financial independence, enable you to make significant purchases without going into debt, lessen your financial stress, leave a financial legacy, and minimize your financial stress. The reason why saving money is so important is because it gives you more freedom and security in your life. If you have money saved up for emergencies, you will always have something to fall back on. Additionally, you might be able to take chances or try new things if you have money put up for discretionary spending.
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What skills are needed to become a product designer?
Answer:
To become a product designer you need a very atistic skill which have the smartness and the smell of a real artist
Explanation:
You need good drawings skills and you need good imagination so one day you could be the best product designer in the world
The degree to which managers are concerned with increasing employee job satisfaction is a(n) ________ managerial decision based on the culture of the organization.
Managers make a key managerial decision depending on the organizational culture on how much they care about improving employee job satisfaction.
How is job happiness impacted by organizational culture?
Strong organizational culture has nearly always been viewed as a motivating factor for employees to perform better. Employee dedication and self-assurance are increased, job stress is decreased, and employees' ethical behavior is improved. H2: Organizational commitment affects job satisfaction favorably as well.
What does organizational culture entail?
The appropriate behavior inside a company is determined by its culture. This culture is made up of common values and beliefs that have been formed by leaders, disseminated, and reinforced through a variety of channels, ultimately influencing employee perceptions, actions, and comprehension.
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given the following historical demand, what is the 4-period (n=4) moving average forecast for week 6? week 1 = 4000 week 2 = 6000 week 3 = 8000 week 4 = 10000 week 5 = 12000 week 6 = predict using the 4-period (n=4) moving average forecast
In everyday language, a average is a single variety taken as consultant of a listing of numbers, commonly the sum of the numbers divided by how many numbers are in the listing. for example, the common of the numbers 2, three, 4, 7, and nine is 5.
F Ds+D4+D3+D2/4
=10000+8000+6000+4000/4
=28000/four
F6=7000
The shifting average forecast for week 6 is F6-7000
The transferring common is a statistical approach used for average forecasting lengthy-term traits. The technique represents taking an average of a hard and fast of numbers in a given range whilst transferring the variety.
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You are an employer seeking to fill a vacant position on an assembly line. Are you more concerned with the average product of labor or the marginal product of labor for the last person hired?.
Disney and other global firms have successfully bridged the cultural gap by producing advertising that appeals to the same target market across.
Answer:
yes they have done this to fill the cultural gaps
Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Although Switzerland’s GDP is much smaller than the United States’ GDP, its GDP per capita is slightly higher.
What is GDP?
The market value of all the final goods and services produced and sold (not resold) in a given time period by countries is measured in dollars using the term "gross domestic product" (GDP). This measure is frequently revised before being regarded as a trustworthy indicator due to its subjective and complex nature. To compare living standards between countries, using a basis of GDP per capita at Purchasing Power Parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita, on the other hand, does not account for differences in the cost of living and inflation rates across countries. Each industry's or sector's contribution to overall GDP can also be quantified.
Luxembourg would continue to lead the nominal and PPP rankings for GDP per capita in 2021.
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The path from the __________ or service provider to the end user is known as the __________ channel or marketing channel.
Answer: Manufacturer, distribution
Explanation:
Ji-eun loves her car. Recently, she noticed her tires were getting worn. She took it into the dealership, where she was told that all her tires were worn and should be replaced. Ji-eun knows this will be a significant investment. She decided on getting the most expensive tires because they are high quality and she wants the best. She hopes she is making the right decision. At least she will not have to purchase tires for several more years, unless she gets a flat. Ji-eun’s involvement with her tire purchase is an example of ______.
Ji-eun’s involvement with her tire purchase is an example of high involvement.
High involvement in the purchase process is defined as:
It corresponds to making a decision about any purchase which involves a series of important deliberations about the characteristics as well as long-term consequences.
Therefore, the high involvement in the purchase process generally occurs with consumer durables or where consumers look for the best options that will satisfy their long-term needs.
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A local boat manufacturing company has been family owned for more than 70 years, and it is the largest employer in the county. The boat company demonstrates corporate social responsibility by:________
The boat company shows corporate social responsibility by their initiative to start a free trade school that would train people to be welders, electricians, plumbers, or boat builders.
Corporate social responsibility (CSR) is a self-policing business model that aids an organization in being socially responsible to itself, its stakeholders, and the general public. Companies can be aware of the kind of effect they are having on all facets of society, including the economic, social, and environmental, by engaging in corporate social responsibility, also known as corporate citizenship. When a firm practices corporate social responsibility (CSR), it means that it operates in a way that benefits the environment and society rather than harming it.
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Adjusting entries never affect the asset account called?
Adjusting entries never affect the asset account called Cash account.
What are Adjusting entries?Whenever entries are being made in the journal, some of the entries are adjusting entries, which are called the entries , with the changes that have been made in the record.
As already mentioned, these kinds of entries involve mainly the numbers for matching the record, so it can be possible for any person who is maintaining the accounts to correct them during the accounting period.
This is usually done with bills, salaries, and taxes. It is also used during the charge for a later period or after it has been incurred.
Thus, it is the cash account which has no effect on Adjusting entries.
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You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The amount that I would be willing to pay for this bond will be 1064.6321.
It is determined at the time the bond is issued and is calculated by dividing the sum of the annual coupon payments by the par value. At the time of purchase, a bond's yield to maturity and coupon rate are equal.
Yield to Maturity is calculated as [Annual Interest + (FV-Price)/Maturity]. (FV + Price)/2
Annual Interest is equal to the bond's yearly interest payment.
FV is the bond's face value.
Price = The Bond's Current Market Price.
Maturity equals Time to Maturity, or the number of years before the bond's maturity.
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A market results from the interaction of a marketer’s efforts, economic conditions, and.
A market results from the interaction of a marketer’s efforts, economic conditions, and the elements of culture.
Market circumstances are the variables that affect the housing market in a specific location, including cost of living, demography, supply and demand, interest rates on mortgages, and others.
What are market conditions?
The phrase "market conditions" describes how an industry or economy is doing. The phrase is frequently used in connection with the stock and real estate markets, which are frequently characterized as either turbulent or stable. Many people consider these circumstances as a decision-influencing indication. But not all parties' interpretations of these signs are the same. Additionally, they are typically not reliable for long periods of time without reevaluation because market conditions are rarely constant.The cost of a typical house and the types of property people desire to buy are both impacted by market conditions. The real estate market is significantly impacted by the situation of the economy overall, including factors like the unemployment rate and the price of products and services.To learn more about market conditions visit:https://brainly.com/question/12306775
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Ronda’s cake store earned $3,750 in total revenue last month when it sold 125 cakes. This month it earned $3,600 in total revenue when it sold 90 cakes. The price elasticity of demand for ronda’s cake store is.
Ronda’s cake store earned $3,750 in total revenue last month when it sold 125 cakes. This month it earned $3,600 in total revenue when it sold 90 cakes. The price elasticity of demand for ronda’s cake store is 1.14.
Demand is the quantity of a good that consumers are inclined and capable of buy at various prices during a given time. The relationship among rate and amount demand is also known as the call for curve. Call for is the quantity of purchasers who are inclined and capable to buy merchandise at numerous fees for the duration of a given period of time. call for for any commodity implies the purchasers' preference to accumulate the coolest, the willingness and ability to pay for it.
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Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should toyota use for its ad campaign?.
If Toyota knows that people are only actively looking to purchase a car every few years. The targeting dimension that toyota should use for its ad campaign is In-market audiences.
What is In-market audiences?In-market audiences can be defined as the way in which a company or tend to find people that are researching the product they advertised on the web in which people that are researching the product are willing to buy what the company advertises as they browse on the internet.
Based on the scenario the company should make use of in- market audience since we were told that the company want to focus on people or customers that are actively researching cars to purchase.
Therefore If Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. The targeting dimension that toyota should use for its ad campaign is In-market audiences.
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The complete question is:
Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should Toyota use for its ad campaign?
A. In-market audience B. Affinity C. Combined audience segment D. Demographics
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Question 11
What can a job candidate communicate through a video introduction that they can't convey via their resume?
the type of people in their professional network.
Odetails about their education and certification.
their work experience and past employers.
their personality through body language.
Question #12
As a last step Mario hits send on a company press release, what should he do to ensure it is accurate?
A. Produce an outline to organize the content in the document.
B. Double-check all spelling in the document .
C. Evaluate the logic and persuasiveness of the document.
D. Change the front that is used in the document.
Question #13 what it's the FIRST step in solving a costumer service problem?
A. Define the problem.
B. Resolve the problem.
C. Evaluate solutions to the problem.
D. Describe the problem.
What a job candidate can communicate through a video introduction that they can't convey via their resume is "their personality through body language".
What is communication?Communication refers to the exchange of data or information between two entities, that is, sender and the receiver.
what Mario should do as a last step in order to ensure the company press release is accurate is to "Double-check all spelling in the document".The first step in solving a costumer service problem is "define the problem"The type of supporting documents samir might link as an additional important information is "an online portfolio of his previous news stories".The type of embarrassing error which could be avoided by checking accuracy is refered to as "gaffe".Paulina hopes displaying such quality of critical skill will show her accountability.What it meant if someone is said to be speaking off the cuff is "they are speaking without planning what they will say"Learn more about communication:
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A shortage in the market for economics textbooks will ___________ the price of textbooks.
A shortage within the marketplace for economics textbooks will Increase the of textbooks.
There is a shortage in a very marketplace for a product when: this price is under the equilibrium price. the present price is above the equilibrium level. cause changes within the quantities demanded and supplied that tend to eliminate the surplus production or excess demand. A shortage will cause firms to lift prices. surplus will cause firms to lower prices. A shortage exists if the amount of a decent or service demanded exceeds the amount supplied at the present price; it causes upward pressure on price. a rise in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. As Economics book are utilized by all the scholars. therefore the demand for the book will increase and it'll result in rise within the price.
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a private corporation that needs more money to expand or to take advantage of opportunities may have to obtain financing by "going public" through a(n) blank , that is, becoming a public corporation by selling stock so that it can be traded in public markets.
a private corporation that needs more money to expand or to take advantage of opportunities may have to obtain financing by "going public" through a(n) initial public offering, that is, becoming a public corporation by selling stock so that it can be trade in public markets.
How is a private business become public?A firm that wants to go public must first price and list its shares, distribute IPO shares to the initial investors, and allow trading of those shares on a stock exchange before filing a registration statement with the SEC that the SEC deems "effective.
What takes place after an IPO for a company?Through underwriting due diligence, IPO shares of a firm are valued. When a firm goes public, the privately held shares become publicly owned, and the existing private shareholders' shares are now worth the public trading price.
How does an IPO operate and what is it?A private firm goes public through an initial public offering (IPO), in which its shares are sold on a stock exchange. Investment banks help private companies sell their shares to the public, which involves extensive due diligence, marketing, and regulatory requirements.
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The earliest polyphonic music, which grew out of the custom of adding a second voice to an existing chant melody at a different interval, was called:_____.
The earliest polyphonic music, which grew out of the custom of adding a second voice to an existing chant melody at a different interval, was called Organum.
What is Organum.?Organum, can be described in musical instrument that was been used during the Middle Ages in reference to a polyphonic .
It should be noted that this found in the setting, of a certain specific styles, of Gregorian chant, in this case it should be noted that earliest polyphonic music, which grew out of the custom of adding a second voice to an existing chant melody at a different interval, was called Organum.
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a. Suppose that businesses buy a total of $140 billion of the four resources (labor, land, capital, and entrepreneurial ability) from
households. If households receive $76 billion in wages, $18 billion in rent, and $28 billion in interest, how much are households paic
for providing entrepreneurial ability
The total households paid If households receive $18 billion in rent, $76 billion in wages, and also $28 billion in interest is $18 Billion. It can be calculated by add up all households receive than then subtract by purchase price.
Entrepreneurship can be described as an activity that is inherent and side by side with everyday life. Although there are risks in entrepreneurship, don't just focus on them. Understand the business being run so that you can benefit from running it.
There are several essences in entrepreneurship, including the following:
• Economic activity
• Creative activity
• Business-oriented tendencies
• Organizing activities
• Risk-taking activities
• Dynamic process
• Innovative activities
• High performance function
• Purposeful activity
• Professional activities
• Not personality traits, but behavior
• Knowledge-based practice
• Managerial skills and leadership functions
• Based on principles, not on intuition
The calculation is:
Total households paid = $76B+$18B+$28B - $ 140B
Total households paid = $122B - $ 140B = $18B
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Suppose the u. S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,600. What interest rate would you earn if you bought this bond at the offer price?.
Suppose the u. S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,600. The interest rate will be 6.44% if you bought this bond at the offer price.
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
Interest rates affect borrowing costs and spending choices made by people and businesses, which is one way they are important. For instance, lower interest rates might entice more individuals to take out a mortgage for a new home, borrow money for a car, or make improvements to their homes.
A = [tex]P(1+r)^{t}[/tex]
Where;
A = final value of a bond
P = Initial value of a bond
t = time of investment
r = yearly interest rate.
Making r the subject of the formula.
[tex](1+r)^{t}[/tex] = [tex]\frac{A}{P}[/tex]
1+r =[tex]\frac{A}{P}^\frac{1}{t} }[/tex]
r =[tex]\frac{A}{P}^\frac{1}{t} }[/tex] - 1 ............1
Given,
A = $5600
P = $3000
t = 10 years
Substituting the values, we have.
r = [tex]\frac{5600}{3000} ^{\frac{1}{10} }[/tex] - 1
r = 0.0644
r = 6.44%
The interest rate is 6.44%.
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Brian is calculating his tax deductions. he finds that he can deduct $1,225 as a result of money given to charity, $4,391 from interest paid on his mortgage, and $2,821 from what he paid in state and local taxes. what is brian’s total deduction? a. $8,437 b. $8,383 c. $6,414 d. $5,700 please select the best answer from the choices provided a b c d
Brian's total deduction annual income is $8,437.
To find your annual income, first, multiply your hourly rate by the number of hours worked per week, then multiply the total by 52. Now that you know your total annual income, divide it by 12 to get your monthly income. This will deduct the entire rent for the rental property. However, you can deduct the mortgage interest and property taxes you paid on the property as part of your rent.
Money given to charity = $1225
state and local tax paid = $2821
interest paid to his mortgage = $4291
therefore total tax deduction is = $1225 + $2821 + 4291
= $8437.
In addition, an annual depreciation deduction for the building can be made over the useful life of the building. Landlords can no longer deduct mortgage interest from rental income to reduce the taxes they pay. He is entitled to a tax deduction based on 20% of the interest portion of the mortgage payment. This rule change could mean paying more taxes than before. Medical dental taxes interest charitable donations accidental and theft losses labor costs, and certain other expenses.
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Agency costs faced by mncs may be larger than those faced by purely domestic firms because:_________
This is so because MNCs are comparatively large having wide operations and more managers handling those operations. It becomes difficult to monitor these managers overseas. Moreover, due to having a different culture in foreign subsidiaries, the managers may not follow the common goals.
What is a Multinational Corporation?A multinational corporation (MNC) is a company that has business operations in at least one country other than its home country. By some definitions, it also generates at least 25% of its revenue outside of its home country.
What is a domestic firm?Domestic firms operate mostly or completely within the United States. They may import supplies or export products, but these activities normally represent a comparatively small share of total business activity. Domestic companies are typically governed by US securities laws.
Multinational corporations (MNCs) may face larger agency problems in comparison to domestic firms. It becomes difficult to monitor these managers overseas. Moreover, due to having a different culture in foreign subsidiaries, the managers may not follow the common goals.
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David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct _____ to evaluate those suppliers.
David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct vendor analysis to evaluate those suppliers.
A company or individual that is selling a good or service is known as a vendor. For their businesses to run smoothly, businesses rely on vendors to be able to meet their needs. Therefore, it is crucial for a business to select providers who can fulfill their needs. Vendor analysis is a procedure used by businesses to evaluate the competence of current or potential providers.
In order to locate the vendor who best meets their company's goals, vendor analysis first determines the strengths and limitations of each potential partner. Every time a business wants to identify a new vendor or assess the performance of one of its current vendors, a vendor analysis is carried out. Let's examine the vendor analysis procedure.
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The question was incomplete, Check below the full question
David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct _____ to evaluate those suppliers.
A. a vendor analysis
B. a "buying center" analysis
C. a value analysis
D. a "buy classes" analysis
E. a supplier analysis
On september 17, 2024, ziltech, incorporated, entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By december 31, 2024, the company’s fiscal year-end, the division had not yet been sold, but was considered held for sale. The net fair value (fair value minus costs to sell) of the division’s assets at the end of the year was $11 million. The pretax income from operations of the division during 2024 was $4 million. Pretax income from continuing operations for the year totaled $14 million. The income tax rate is 25%. Ziltech reported net income for the year of $7. 2 million. Required: determine the book value of the division's assets on december 31, 2024
The book value of the division's assets on december 31, 2024 will be $17 million.
How to calculate the book value:
Income: $7.2 million; 20% tax rate As a result, pretax income ($7.2/80%) will be $9. However, pretax income from the division plus pretax income from continuing operations equals total pretax income. Pretax earnings: $4 million plus $14 million in total. Pretax income totaled 18 million dollars.
Hence, net fair value of the division's assets at year's end plus recognised loss on sale equals book value of the division's assets, which equals $11 million plus $6 million. The division's assets have a book value of $17 million.
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