$106,000--December sales = $110,000 (November sales of $100,000 X 1.1) Cash Collections for December:
November sales $100,000 X 0.4 = $40,000 December sales = $110,000 X 0.6 = $66,000
Total Collections = $40,000 + $66,000= $106,000
How do sales work?Sales are activities involved in selling or the quantity of products that are sold within a specified time frame. It is also seen as a sale when a service is provided for a fee. As a result of an acquisition, appropriation, requisition, or direct contact with the customer at the point of sale, the seller or provider of the goods or services completes a transaction. The transfer of title (property or ownership) of the object occurs, and the price is settled once a price has been agreed upon for which the transfer of ownership will take place. The sale is often executed by the seller rather than the buyer, and it is sometimes done before the buyer needs to make a payment.
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refusing to raise the pay of good workers just because they are black or hispanic is an example of a. racial discrimination. b. sexism. c. affirmative action. d. reverse discrimination.
refusing to raise the pay of good workers just because they are black or hispanic is an example of racial discrimination
Any type of discrimination against a person based on their race, ethnicity, or skin color is referred to as racial discrimination. People can discriminate by refusing to interact socially, conduct business with, or share resources with members of a particular group. Governments may discriminate implicitly or formally, for instance through racial segregation policies, unequal application of the law, or unequal resource distribution. Anti-discrimination laws in several jurisdictions forbid the government or people from doing so under a variety of conditions based on race (and occasionally other considerations).
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according to the keynesian cross model, if the marginal propensity to consume is 2/3, an increase in government purchases of $120 billion increases equilibrium income by a. $160 b. $180 c. $240 d. $360
The Keynesian Cross Model states that when the marginal propensity to consume is $360 Option B is Correct
The equilibrium level of real GDP is determined by the point at which the total or aggregate expenditures in the economy equal the amount of output generated, according to the The Keynesian cross diagram is a common name for the expenditure-output model. This is where the term "Keynesian cross" originates since it basically compares anticipated expenditures to the equilibrium line, or what I refer to as the equilibrium line, because at each of these places, income and spending are equal. Income and spending are equal right now.
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successful firms are very careful in selecting the work to be outsourced. if expectations and requirements are fuzzy or open to debate, working together can become very difficult. the following are ways to clarify requirements and procedures except A. Make sure that different firms' project management systems are integrated.
B. Contract only work with clearly defined deliverables with measurable outcomes.
C. Establish who has access to certain information through robust safeguards.
D. Make sure communication is well structured and interactions are managed to avoid confusion.
E. Document your requirements.
Successful firms are very careful in selecting the work to be outsourced. if expectations and requirements are fuzzy or open to debate, working together can become very difficult. the following are ways to clarify requirements and procedures except Document your requirements.. Option E.
What does it mean to outsource work?The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing.
Outsourcing is a contract in which one company contracts another company to handle a planned or ongoing operation that is being or might be handled internally. It occasionally entails the transfer of assets and people from one company to another.
The best instances of outsourcing are in advertising, office and warehouse cleaning, and website creation. The majority of business owners assign control to outside professionals for tasks like bookkeeping, maintenance, and hiring. This enables businesses to concentrate the majority of their resources on the primary operation.
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Which ngo supports small-scale farmers in developing countries and the us by providing livestock and business support to make farming profitable?.
At the International Fund for Agricultural Development (IFAD), we support rural residents by giving them the tools they need to enhance their family's nutrition, boost their food security, and increase their income.
Briefing:-We support their development of resilience, business growth, and self-determination.
Which non-profit organization provides animals to small-scale farmers in the US and underdeveloped nations?A global development group called Heifer International is dedicated to permanently eradicating hunger and poverty. We collaborate with local governments in 20 different nations to boost regional economies and create stable livelihoods that ensure small-scale farmers receive a living wage.
Is micro farming financially successful?Small-scale farming can be successful even though it may not yield as many bushels of grain as a farm covering 100 acres. Helm remarked, "It's really achievable.
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If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2018, we would say that in 2018, the average American could buy as many goods and services as the average American in 1950. times O A. 8 times O B. 4 times O C. 1/8 times O D. 12 times
The average American could buy as many goods and services as the average American in 1950 is 8 times.
Increase in purchasing power = Real GDP per capita in 2016 / Real GDP per capita in 1950
= $48,000 / $6,000
= 8
A. 8 times
A carrier is an "(intangible) act or use for which a customer, company, or authorities is willing to pay." Examples consist of work achieved through barbers, medical doctors, attorneys, mechanics, banks, coverage businesses, and so on. Public offerings are those that society (nation-state, economic union, or region) as an entire can pay for.
Services are the non-bodily, intangible parts of our financial system, in preference to goods, which we are able to touch or cope with. offerings, along with banking, training, scientific treatment, and transportation make up most of the people of the economies of wealthy international locations. additionally, they represent most of the rising nations' economies.
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which person would likely benefit the most from supportive leadership? rivky, who does data entry work for an accounting firm. kennedy, who is updating a marketing campaign. david, who teaches high school english. hector, who is creating a new smartphone app.
The person who would likely benefit the most from a supportive leadership is Hector, who is creating a new smartphone app. The Option D is correct.
What is a supportive leadership about?In management level, a supportive leadership refers to a a leadership style in which the leader supports their subordinates with tools and resources until they have the skills to work autonomously.
In most case, a supportive leaders do their best to ensure that everyone on their team has the necessary skills, tools and resources to complete the task they've been assigned or find success in a long-term project.
Often as well, the level of support does varies from team member to team member depending on each individual employee's knowledge and needs. The objective of a supportive leadership is team members who are capable of working autonomously, but who feel comfortable seeking support when they need it.
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question content area part 1 the mexican peso is trading at pesos per dollar. if the expected u.s. inflation rate is % while the expected mexican inflation rate is % over the next year, given ppp, what is the expected exchange rate in one year? the expected exchange rate is pesos per dollar. (round your response to two decimal places.)
9.11 pesos per dollar (8 X (1.15/1.01)= 9.11) is the expected exchange rate.
When there is inflation, what happens to the pesos?A lower peso would cause overall inflation and higher product costs. When the price of products rises, the average person may spend less on the same thing. The value of the peso decreases as it appreciates against the US dollar. Additionally, gas prices and interest rates may rise.
What is the expected exchange rate?the rate at which two currencies are expected to trade on the spot market at a specific time in the future. It differs from the current spot rate mostly in terms of how different the inflation expectations for the two currencies are.
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An office building which generates $260,000 in Net Operating Income is advertised for sale at a price of $3,250,000. After meeting with your lender they offer agreed to originate a loan of $2,600,000 which carries a 7% interest rate and a 30-year amortization period. Your lender confirms the annual debt service for your loan will be $209,525.(a). Calculate the Cash Throw-Off for this investment. What is the significance of the Cash Throw-off to an investor (i.e. what does it mean to them)? Show your work and briefly explain your reasoning(b). Calculate the Equity Analysis as shown in Lecture for this investment. What does the equity analysis tell an investor? Show your work and briefly explain your reasoning.(c). Calculate the Cash-on-Cash Return for this investment. What is the significance of the Cash-on-Cash Return to an investor (i.e. what does it mean to them)? Show your work and briefly explain your reasoning.
The Equity Analysis as shown in Lecture for this investment. What does the equity analysis tell an investor.If a lender offers a 30-year self-amortizing loan structure with a 7% annual interest rate, the most loan you could reasonably anticipate to obtain is around $1,076,200.
Net operational income divided by total debt service is the debt coverage ratio. 1.3 = $111,700 for the entire debt service.Total debt service equals $111,700 / 1.3, or $85,923.0769.Monthly payment equals total debt service divided by 12: 85,923.0769 divided by 12: 7160.25641. Periodic rate is equal to rate / 12 (7% / 12), or 0.5833%.Years = number of periods, "12 = 30 * 12 = 360.Present value is calculated as follows: Monthly payment * (1- (1/ (1+ rate time) /rate 0.5833%)360)/0.5833% 0.005833 (1.005833)360) /0.005833 0.005833 = 7160.25641 * (1- (1/ (1+ 0.005833 = 7160.25641 * (1-(1/ =7160.25641 *(1-(1/ 8.116497 borrowed.
=7160.25641* (1- 0.1232 ) /\s=7160.25641 *( 0.876794) /\s= $1,076,240.7269.A loan is defined as the lending of money by one or more persons, organisations, or other entities to additional people, firms, or other entities. The recipient incurs a debt and is normally responsible for paying interest on it until it is repaid in addition to the principal.
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a u.s. grocery chain borrows money to buy a warehouse in ohio and another in italy. borrowing for which warehouse(s) is included in the demand for loanable funds in the u.s.?
This crossword clue for Classic U.S. grocery chain was last seen in the NY Times Mini Crossword on March 22, 2022. The crossword puzzle's potential solution consists of 5 letters.
This is the response for the letter at the end of P that begins with the letter A. We believe that AANDP could be the solution to this puzzle. Seller's Bros., a Hispanic chain in southern Florida (Houston, Texas) The Super (Los Angeles, southern Nevada and Phoenix) La Belle (Los Angeles, southern Nevada) Mexican foods are sold online by Super Market Mexico; Hispanic supermarket chain Superior Super Warehouse is located in southern California.
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given the profit-maximizing choice of output and price, citrus scooters is earning profit, which means there are sellers in the industry relative to the long-run equilibrium amount.
Given the profit-maximizing choice of output and price, citrus scooters is earning profit, which means there are more sellers in the industry relative to the long-run equilibrium amount.
Profit in economics is the difference between the revenue generated by an economic entity's outputs and the sum of its input costs. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
It's distinct from accounting profit, which only pertains to the costs that are explicitly stated on a company's financial accounts. Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs. When examining a corporation, an economist takes into account all costs, both apparent and implicit. Economic profit is therefore less than accounting profit. Economic profit is frequently considered in addition to normal profit.
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taking a class to improve your interviewing skills the semester before you begin your job search would fall into which of the quadrants in stephen covey's quadrant ii time management system®?
Taking a class to improve your interviewing skills the semester before you begin your job search would fall into Quadrant II in Stephen Covey's Quadrant II Time Management System.
What is Stephen Covey's principle of managing time?The Stephen Covey Time Management Matrix is a great tool for focusing your attention on what matters most. Create time to focus on important things before they become urgent, according to Stephen Covey's time management philosophy. This simply entails starting tasks sooner sometimes.
The real skill is investing time in procedures that make tasks easier, quicker, or ensure that they are completed automatically. The time management quadrants are as follows: Important and urgent in quadrant one. Quadrant 2: Not urgent, but still significant. Third quadrant: urgent but unimportant. Not urgent or significant in quadrant 4.
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How can James free up more money to pay down his credit card debt?
O He has to pay less in rent each month.
O He has to complete an income statements every month.
O He has to start contributing to his 401(k).
O He has to cut back on other expenses
To be able to free up money to pay down credit card debt, James D. has to cut back on other expenses.
How to free up money for credit card debt?To be able to free up cash for debts, a person would have to cut back on their non - essential expenses. These are the only other source of income that people can take from and not really impact their way of life. This means that if James is to free up money to pay down the credit card debt he has, then he needs to cut back on the expenses that he has.
The rent on the other hand, cannot be reduced because it is not determined by James. If he was to pay less rent, he might be classified a bad tenant which can affect his credit score. Completing an income statement every month would help with budgets, but it wouldn't help one pay back credit card debt directly.
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1. He is spending more money than he makes.
2. He has to cut back on other expenses.
3. It is a listing of what an individual owns minus what they owe.
4. an antique vase valued at $125,000
5. capital
Explanation: I took the same quick check and got 100%, hope this helps!
the is the department manager's tool for daily and weekly operations. a.conventional goal b.strategic goal c.tactical plan d.operational plan e.strategic plan
The department manager uses the operational plan as a resource for weekly and daily operations.
A fundamental operating plan is what?The main aims and objectives of an organization are described in an operational plan together with the steps needed to accomplish them. It is a carefully designed document that makes sure team members are aware of their tasks and understand exactly what has to be done.
What does Operation Plan aim to accomplish?A strategic plan's goals and objectives are worked toward through the organization's activities and targets, which are outlined in an operational plan. It offers the foundation for an organization's daily activities. An operating plan typically covers a year's worth of time.
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4) while catholicism is the majority in latin america, it no longer controls the whole religious market. what is the reason (what changed)?
The reasons for change from Catholicism in the religious market of Latin America is:
The religious experience of Latin Americans has begun to incorporate choice; religious identity is no longer determined at birth; and being Latin American and Catholic are no longer synonymous.
What is Catholicism?
As of 2019, there were 1.3 billion Catholics who had received baptism globally, making it the biggest Christian denomination. It has had a significant impact on the history and advancement of Western civilisation as the world's first and biggest continually operating international organization. The church is made up of 24 sui iuris churches, including the Latin Church and 23 Eastern Catholic Churches, and has about 3,500 dioceses and eparchies spread out around the globe. The main shepherd of the church is the pope, who is also the bishop of Rome. The main supreme ruling body of the church is the bishopric of Rome, sometimes referred to as the Holy See. Vatican City, a tiny enclave of Rome, the capital city of Italy, and where the pope serves as head of state, is home to the Roman Curia, the body responsible for overseeing the Holy See.
The Nicene Creed contains Catholicism's central tenets. The Catholic Church holds to the doctrines that its bishops are the successors of Christ's apostles, the pope is the successor to Saint Peter, upon whom Jesus Christ bestowed primacy, and that it is the one, holy, catholic, and apostolic church that Jesus Christ founded in his Great Commission.
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4) while catholicism is the majority in latin america, it no longer controls the whole religious market. what is the reason (what changed)?
consider the production of copper pipes that can be represented by a production function that is cobb-douglas. such a production function represents production where capital and labor
The production of copper pipes can be represented by a production function that is Cobb-Douglas. such a production function represents production where capital and labor are represented by isoquants that are straight lines. Option B
What is the production function?Generally, A production function is the greatest set of output(s) that can be created with a given set of inputs. This maximum set of output(s) is known as the production function. Utilization of a production function denotes an effective use of technology.
The production function is represented by the following formula: Q = f(K, L, P, H), which states that the quantity produced is a function of the total amount of each ingredient that is put into production. Of course, not every company needs the same amount or kind of inputs, which are both elements in the manufacturing process.
A Cobb-Douglas production function is an appropriate model to use when attempting to describe the manufacture of copper pipes. One kind of production function depicts production in which capital and labor are represented by isoquants in the form of straight lines. Alternative B
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CQ is attached
judging from the organization's description, ciea could be best categorized as what kind of interest group?
Judging from the organization's description, Ceia could be best categorized as Peak association.
How do political specialists by and large classify vested parties?
Political specialists freely arrange vested parties into four principal strategy regions: some arrangement basically with monetary issues, others with issues of the climate, others with uniformity issues, despite everything others with the interests, everything being equal.
What is the essential objective of vested parties when they connect with strategy producers?
Vested parties work with resident cooperation in government, coordinating people to make an aggregate move through casting a ballot, raising money, and dispersing data about their issues to choose authorities and general society.
What is the principal reason vested parties structure?
Vested parties structure to look for impact in government choices and benefactors give the gatherings assets they need to get everything rolling. Changes in world of politics and new advancements make it feasible for individuals to proficiently distinguish other similar people to assemble for public political activity.
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are small business owners at a disadvantage if they lack the marketing research resources large companies have why or why not?
For many business owners, starting a small business is difficult. They concentrate on producing high-quality goods and services that benefit the intended customers.
A tiny business defines itself as such by its employment and income, which can range from $1 million to over $40 million (from 100 to over 1,500 employees). For instance, a roofing contractor is considered a small business by the SBA if its yearly sales is $16.5 million or less. Small firms account for 43.5% of the US gross domestic product and two-thirds of new jobs (GDP). Small businesses not only maintain the economy but also set the standard for innovation. In comparison to large patenting companies, small enterprises issue 16 times more new patents per employee. Small businesses support the development of technical expertise and handicrafts. These companies make money overseas by exporting their goods. Economic power flows through a variety of sectors, preventing it from being concentrated in a small number of hands. These companies advocate for a more equitable distribution of the nation's income.
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Garfield Personal Training Services is owned by Ga Garfield Gina provides personal training and coaching to individuals or small groups using the localitnessfacity and pool. Ganarents the group training room at the local fitness facility or the pool for scheduled classes. For one-on-one training, she meets clients at the facility where she is a memoria is currently learning Zumba and plans to offer a Zumba class in the group training room on Wednesday mornings starting next month. The development of Zumba is considered a activity for the group level facility level service level O customer-level
The development of Zumba is considered a service-level activity Garfield.
Service Level activities are those activities that are necessary to provide a service to the customer. In this case, the service is offering Zumba classes in the group training room. This activity involves learning the Zumba steps, finding music, and scheduling classes.
All of these activities are necessary to provide the service and therefore, are considered service-level activities for Garfield Personal Training Services.
Therefore the correct answer is C) Service Level.
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what is the economic theory behind reducing the size of the stadium? group of answer choices the percentage decrease in the number of seats will be larger than the percentage increase in price so that total revenue and profits will increase. none of the answers are correct. the demand for seats is elastic so that a decrease in quantity will allow stanford to increase price and increase total revenues and profits making the stadium smaller will make demand for seats inelastic allowing standford to increase revenue from ticket sales. stanford is predicting the percentage decrease in quantity of seats will be lower than the percentage increase in price so revenue and profits will increase.
Making the stadium smaller will make demand for seats inelastic allowing Standford to increase revenue from ticket sales. e. Stanford is predicting the percentage decrease in quantity of seats will be lower than the percentage increase in price so revenue and profits will increase.
A monopolistic business has a more difficult analysis of options than a corporation with perfect competition. After all, a business in a competitive market calculates its output to maximize profits by starting with the market price as a given. A monopoly may control both its output and its pricing since it owns the whole market. What options would such a company make regarding pricing and output.
We shall respond to your query in terms of the marginal decision rule, which states that a business will continue to manufacture more units of an item up until marginal revenue equals marginal cost. We must first look into the unique link between demand and marginal revenue for a monopoly in order to apply that rule to monopoly firms.
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Loucks Company established a $380 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $99 in cash and the following receipts:
Orice supplies 132
Advertising 94
Postage 38
Miscellaneous 37
Required: Prepare the necessary general Journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31.
It is the balance in your account prior to the addition of any pending charges. The amount you have available for withdrawals or purchases is known as your available balance.
How is the term amount classified?As was said above, "amount" can be either a noun or a verb. Noun usage Give the dish a few drops of water. Noun usage Dogs have various quantities of need.
What is the only way you utilize amount?Write "1,000 and one hundred alone" if you're paying, say, Rs. After the sum, it's crucial to write "only." Fraud can also be avoided in this way. In the aforementioned example, the quantity would become Rs 1,199. of food if "only" was not written after 1,000 and 100. using the verb
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the number of shares remaining in the hands of shareholders after some stock has been reacquired is referred to as the shares a.in arrears. b.outstanding. c.issued. d.authorized.
The number of shares remaining in the hands of shareholders after some stock has been reacquired is referred to as the shares, the correct option is (b). outstanding.
Shares are an investment that a company can utilize to raise funds. Stockholders are people who purchase a company's shares. Only publicly traded companies are permitted to issue stock shares. Dividends are payable to stockholders.The most shares a firm may issue to investors are known as authorized shares. The total number of shares sold to investors is the number of outstanding shares. Shares known as "treasury shares" are those that the business has issued and then bought back. The total number of outstanding shares decreases due to treasury shares. Treasury shares lack voting privileges.The term "shares outstanding" refers to the quantity of shares that are still in the possession of shareholders after some stock has been reacquired.
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depression complicates treatment adherence and medical decision making and also interferes with patients adopting a managerial role, which leads to a(n) . multiple choice question.
depression complicates treatment adherence and medical decision making and also interferes with patients adopting a managerial role enhanced risk of mortality from several chronic diseases.
What does a depression medical management program entail?The objectives of the Depression Disease Management Program are to help people achieve recovery, to promote self-empowerment in managing one's illness, to increase adherence to treatment, to decrease the incidence of relapse, treatment failure, ER visits, and re-hospitalizations, and to prevent tragic losses.
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if investment increases by $100 and, as a result, gross domestic product (gdp) ultimately increases by $200, the multiplier equals
If investment increases by $100 and, as a result, gross domestic product (gdp) ultimately increases by $200, the multiplier equals 2.
Gross domestic product is a monetary degree of the market fee of all of the final goods and offerings produced and offered in a selected time period through nations. because of its complicated and subjective nature this degree is regularly revised earlier than being taken into consideration a dependable indicator.
GDP measures the financial value of very last items and services—that is, the ones which might be sold via the final consumer—produced in a rustic in a given period of time (say 1 / 4 or a yr). It counts all the output generated in the borders of a country.
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Lanman, Inc., estimates its hidden external failure costs using the Taguchi loss function. Lanman produces plastic sheets that vary in thickness and grade. For one of its large-volume products, it was determined that k = $32,000 and T = 0.28 inches in diameter. A sample of four units produced the following values: Unit Actual Diameter No. (y) 1 0.28 2 0.30 3 0.25 4 0.28 Required: 1. Calculate the average loss per unit. Round your intermediate calculations to six decimal places. If required, round your answer to the nearest cent and use the same in subsequent requirements. $ per unit 2. Assuming that 100,000 units were produced, what is the total hidden cost? $ 3. Assume that the multiplier for Lanman's hidden external failure costs is six. What are the measured external costs?
Assume that the multiplier for Lanman's hidden external failure costs is six.
In macroeconomics, a multiplier is a thing of proportionality that measures how a lot an endogenous variable adjustments in reaction to a exchange in a few exogenous variable. for instance, assume variable x changes by way of ok gadgets, which causes any other variable y to change by using M × okay units. Then the multiplier is M. multipliers are commonly discussed in introductory macroeconomics.
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on august 3, cinco construction purchased special-purpose equipment at a cost of $1,000,000. the useful life of the equipment was estimated to be eight years, with an estimated residual value of $50,000. a. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method (half-year convention). b. compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the 200 percent declining-balance method (half-year convention) with a switch to straight-line when it will maximize depreciation expense. c. which of these two depreciation methods (straight-line or double-declining-balance) results in the highest net income for financial reporting purposes during the first two years of the equipment’s use?
The straight-line method of depreciation is the one in which depreciation is calculated based on the fixed asset's purchase price. Every year, the cost of depreciation stays the same. Depreciation is also affected by salvage value.
In the first two years after purchasing the asset, the straight-line method will result in the highest net income. because the double declining method's initial years of asset depreciation are significantly higher than those of the straight-line method.
How is straight-line depreciation calculated?Straight-line depreciation is calculated using the following formula: Straight-line depreciation equals the asset's cost divided by its estimated salvage value divided by its estimated useful life. Where: The asset's initial purchase or construction cost, as well as any associated capital expenditure, is the asset's Cost of Asset.
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the balance in accounts receivable at the beginning of 2024 was $680. during 2024, $1,900 of credit sales were recorded. if the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2024 was:
If the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2024 was $1,550.
The balance in account is formed from all announce credit and debit transactions. it is the quantity you've got within the account before any unfinished charges are further. Your on the market balance is that the quantity you'll use for purchases or withdrawals.
The ending balance is that the internet residual balance in an account. it's typically measured at the top of a news amount, as a part of the closing method. An ending balance comes by adding up the dealing totals in an account so adding this total to the start balance.
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A company has just finished brainstorming around fifty names for its new product line. What are the next two steps it needs to take in the name development process?.
The next two steps it needs to take in the name development process are screen out problematic names and check for domain and social media availability.
What do you think of as development?The process of development ensures that everyone has a good quality of life in terms of enjoyment, peace, and the fulfillment of fundamental needs. It has to deal with the objectives, progress, and improvement of people. Because it highlights the idea of satisfying basic wants, this definition of development would be beneficial to all socioeconomic sectors.
What is a good illustration of economic growth?Economic development is the raising of a country's wealth and Standard of living. Effects of economic development include advancements in public education, literacy rates, and productivity, for example.
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exercise 10-9a record common stock, treasury stock, and cash dividends (lo10-2, 10-4, 10-5) power drive corporation designs and produces a line of golf equipment and golf apparel. power drive has 100,000 shares of common stock outstanding as of the beginning of 2021. power drive has the following transactions affecting stockholders' equity in 2021. march 1 issues 55,000 additional shares of $1 par value common stock for $52 per share. may 10 purchases 5,000 shares of treasury stock for $55 per share. june 1 declares a cash dividend of $1.50 per share to all stockholders of record on june 15. (hint: dividends are not paid on treasury stock.) july 1 pays the cash dividend declared on june 1.
The cash dividend declared on June 1 by the company is $3,965,000.
What is cash dividend?A cash dividend is a payment made from a company's current earnings or accumulated profits that is normally distributed to stockholders. Most brokers provide you the option of reinvesting dividends or taking cash instead. Cash dividends are a standard means for businesses to provide money back to their shareholders in the form of regular cash payments; normally, these payments are made quarterly, while some stocks may make these payments monthly, annually, or semiannually. While many businesses distribute dividends on a monthly basis, some sometimes give shareholders extraordinary cash dividends in response to one-time, one-time events like court settlements or borrowing money for significant, one-time cash distributions.
Dr Cash 4,030,000
Cr Common stock 65,000
Cr Additional paid in capital(cash dividend) 3,965,000
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Barry, Inc.'s sales equal $30,000 and cost of goods sold equals $10,000. Its beginning inventory was $800 and its ending inventory is $1,200. Barry's inventory turnover ratio equals _____ times.
a. 15
b. 10
c. 5
ANSWER: Barry's inventory turnover ratio equals 10 times.
WHAT IS INVENTORY TURNOVER RATIO?Inventory turnover is a financial metric that shows how frequently a company's cost of goods sold (COGS) within a given time period changes hands. A company can divide the total number of days in the period (often a fiscal year) by the inventory turnover ratio to get the average number of days it takes to sell its inventory.
Using the inventory turnover ratio, businesses can make better decisions on pricing, production, marketing, and purchases. This is one of the efficiency ratios used to assess how effectively a company uses its resources.
Inventory Turnover Formula :
Inventory Turnover= COGS/Average Value of Inventory
where:
COGS=Cost of goods sold
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If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would you handle this? What kind of consequences would you expect this action to be met with if reported? What personal ethics would come into play in your handling of this situation? Explain and describe what you would do and what personal ethics would be involved.
Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.
What are Personal Ethics at work place?Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.
Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.
Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.
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