Answer:
I agree
Explanation:
I agree that the quality of interaction of interaction is directly proportional to the effectiveness of the manager because it shows how a manager is guiding it's employess to provide a good customer service to it's customers. A manager is to put structure in the business.
Forest Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.Material A: $12.50Material B: $2.00Conversion cost: $6.60The cost of the company's ending work-in-process inventory is:A. $88,620.B. $115,220.C. $123,620.D. $147,700.E. some other amount.
Answer:
B. $115,220
Explanation:
Material A introduced at the beginning of the process = $12.50
Conversion Cost = $6.6*60% = $3.96
Total = $12.5 + $3.96 = $16.46
WIP ending inventory = $16.64*7000 units
WIP ending inventory = $115,220
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,600 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,100 chairs in ending inventory. There were 15,700 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 35% complete as to conversion costs, while ending work in process was 85% complete as to conversion costs.
Direct materials $24,000
Conversion costs $35,000
Manufacturing costs added during the accounting period:
Direct materials $168,000
Conversion costs $278,000
1. What were the equivalent units for conversion costs during February?
a. 81,500
b. 83,000
c. 73,000
d. 77,500
2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February?
a. $19,000
b. $23,000
c. $25,000
d. $27,000
3. What is the cost of the goods transferred out during February?
a. $417,750.5
b. $454,694.8
c. $476,750.6
d. $505,000.2
Answer:
1. a. 81,500
2. $38,481
3. $461,382
Explanation:
The equivalent units for conversion costs during February.
Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %
= 81,690 units
Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %
= 73,000 units
The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.
Step 1 : Determine Cost per Equivalent unit
Conversion Costs = $168,000 ÷ 81,690 units = $2.06
Material Costs = $278,000 ÷ 73,000 units = $3.81
Total Cost = $2.06 + $3.81 = $5.87
Step 2 : Direct Material Cost assigned to ending work-in-process
Ending work-in-process (Material Cost) = 10,100 x $3.81
= $38,481
The cost of the goods transferred out during February.
Cost of the goods transferred out = $5.87 x 78,600
= $461,382
Led Foot drives his car carelessly into another car. The second car contains dynamite, a fact that Led had no way of knowing. The collision causes an explosion, which shatters a window of a building half a block away on another street. The flying glass inflicts serious cuts on Sally, who is working at a desk near the window. The explosion also harms Vic, who is walking on the sidewalk near the point of the collision. Toward whom is Led Foot negligent?
Answer:
Led Foot is negligent Towards Vic
Explanation:
The injury inflicted on both Sally and Vic resulted from the explosion caused when Led Foot hit another car containing explosives. Vic in this case is a pedestrian while Sally isn't. Led Foot is negligent towards Vic because careless driving of any sort will definitely pose a certain level of threat or harm to pedestrians nearby. However, in Sally's case who isn't a pedestrian could be classed among the group of people residing outside the risk zone. Hence, even though Sally was hurt as a result of shattered glass triggered by the explosion ; Led Foot isn't negligent towards Sally.
Victorinox is the name of the company that manufactures Swiss army knives. The _____ channel the company utilizes to get its knives to market is to wholesalers, than to retailers, and finally to consumers.
promotional
service
consumer
industrial
distribution
Answer:
Explanation:
Distribution channel is how you products to consumers.
The distribution channel the company utilizes to get its knives to market is to wholesalers, then to retailers, and finally to consumers. Thus the correct option is E.
What is a Distribution channel?A distribution channel is referred to as a pathway followed to deliver the goods to final consumers. These channels are associated with different levels based on the demands of the goods in the market.
The wholesaler buys large quantities of products from the manufacturer and resells them to retailers in smaller quantities. The vital work that wholesalers do is essential to the efficient exchange of information, ownership, and commodities.
Retail refers to the practice of purchasers purchasing goods and selling them directly to consumers, as opposed to suppliers or wholesalers. Between wholesalers and customers, retailers act as a middleman.
Therefore, option E is appropriate.
Learn more about the Distribution channel, here:
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provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.
provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.
Explanation:
Persuasive message:
A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:
speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniquesDeliver bad news in business:
In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:
Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company.explain why strong brands are important to both companies and consum
Answer: See explanation
Explanation:
Branding simply refers to creation of a name, design or a symbol that helps in the identification of the product of a particular company from other companies.
Branding is vital as it makes a company standout from others, it helps to distinguish ones product from the product of others. It also helps in the improvement of recognition and create awareness to ones customers. With the logo on ones product, consumers can easily identify ones product.
Branding also helps in the creation of trust and supports advertising. A strong brand also generates revenue to the company as it helps in the building of financial value. Branding also helps companies get new customers.
Customers also form a connection with brands. This helps in shaping the loyalty of the customer, building trust and aids customer retention.
Match each type of business insurance with its description.
professional liability insurance
data theft insurance
commercial auto insurance
property insurance
Answer:
insurance against leakage or pilferage of critical and confidential data - data theft insurance
insurance against commercial property damage due to events such as fire, floods, storms, or earthquakes - property insurance
insurance against damage to company vehicles and injury or loss of life due to company vehicles - commercial auto insurance
insurance against severe loss of life or money due to one’s professional negligence or malpractice - professional liability insurance
Explanation:
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Sales (6,500 Tams at $130 each) $845,000
Variable cost of sales 390,000
Variable distribution costs 65,000
Fixed advertising expense 275,000
Salary of product line manager 25,000
Fixed manufacturing overhead 145,000
Net loss ($55,000)
Clemson Company is trying to determine whether or not to discontinue the manufacture and sale of Tams. The operating results reported above for last year are expected to continue in the foreseeable future if the product is not dropped. The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products. Assume that discontinuing the Tam product would result in a $120,000 increase in the contribution margin of other product lines.
Required:
How many Tams would have to be sold next year for the company to be as well off as if it just dropped the line and enjoyed the increase in contribution margin from other products?
Answer:
See below
Explanation:
With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.
Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.
Ivanhoe Corp. has a deferred tax asset account with a balance of $72,800 at the end of 2019 due to a single cumulative temporary difference of $364,000. At the end of 2020, this same temporary difference has increased to a cumulative amount of $416,000. Taxable income for 2020 is $762,000. The tax rate is 20% for all years. No valuation account related to the deferred tax asset is in existence at the end of 2019.
Required:
a. Record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming that it is more likely than not that the deferred tax asset will be realized.
b. Record income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that none of the deferred tax asset will be realized.
Answer:
attached below
Explanation:
Given data :
Deferred tax asset account = $72800 at the end of 2019
single cumulative temporary difference = $364,000
At the end of 2020
single cumulative temporary difference = $416,000
Taxable income for 2020 = $762000
tax rate = 20% for all years
A) attached below
deferred income tax asset = $( 416,000 - 364,000 ) * 20%
= $10400
Income tax payable = $(762,000 ) * 20% = $152,400
Income tax expense = ( income tax payable - deffered income tax )
= $152400 - $10400 = $142,000
2.
Which form of interest provides the greater return?
a. simple
b. compound
C. complex
d. fragment
You should indicate that you are available for an interview in which part of a cover letter?
in the final paragraph
in the second paragraph
in the third paragraph
in the first paragraph
Answer: NOT the second paragraph
Explanation: ed 2021
Answer:
in the final paragraph
Explanation:
Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Answer:
a. Cash flow from Finance Activities - Cash Inflow $300,000.
b. Cash flow from Investment Activities - Cash Outflow $270,000.
c. Cash flow from Investment Activities - Cash Inflow $30,000.
d. Cash flow from Finance Activities - Cash Outflow $75,000.
Explanation:
The Statement of Cash flows shows 3 types of Cash flow headings which are :
Cash flow from Operating ActivitiesCash flow from Investment ActivitiesCash flow from Financing ActivitiesOperating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance
How has the 'gig economy' impacted variable and fixed costs for businesses?
Answer:
Throughout the following explanatory section, the essence of this issue is explained.
Explanation:
The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.
Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.LBSC, Inc., operates a milk processing plant in Kenosha, Wisconsin. Its union, the Brotherhood of Food Processing Workers (BFPW), represents all nonsupervisory production employees in the facility. The contract between LBSC and BFPW expires in six months, so LBSC must start to prepare for the negotiations. LBSC’s HR department plans to conduct a number of management meetings asking for feedback on the appropriate goals of bargaining, and to ask the finance department to estimate the acceptable cost profile for the term of the next contract. It will gather information on plant average seniority and inventory levels, and forecast customer demand. It will analyze grievances and find out what it can do about the course of other recent negotiations for the BFPW. Its finance department will estimate the costs of one additional holiday and a 401(k) plan. Finally, it will decide how much latitude it will have to make concessions and what will have to be referred to the corporate office before it can be approved. This activity is important because the outcome of contract negotiations can have a major impact on the ability of a company to meet its competitive challenges.
Match scenarios to each of the seven steps management should take in preparing to negotiate.
a. Analyze grievances
b. Gather seniority and inventory into.
c. Determine the authority of the bargaining team.
d. Conduct management meetings
e. Determine cost of a new holiday
1. Establishing Inter departmental contract objectives.
2. Preparing and analyzing data.
3. Anticipating union demands.
4. Establishing the cost of potential union demands.
5. Determining strategy and logistics.
Answer:
a. Analyze grievances ⇒ Anticipating union demands.
In analyzing the grievances of the workers, the company would be anticipating the demands of the unions as these will be based on the grievances of the workers.
b. Gather seniority and inventory info. ⇒ Preparing and analyzing data.
When they gather information on the seniority and inventory levels of the company, they are preparing and analyzing data to have better information on the company that will enable them plan ahead.
c. Determine the authority of the bargaining team. ⇒ Determining strategy and logistics.
Determining the authority the bargaining team has falls under determining the strategy and logistics because it is here that the company decides how they will approach the negotiations.
d. Conduct management meetings ⇒ Establishing Inter departmental contract objectives.
When they conduct management meetings across departments, this is to enable them establish objectives that will cut across departments.
e. Determine cost of a new holiday ⇒ Establishing the cost of potential union demands.
Estimating just how much the holiday will cost falls under the cost of accepting the Union demands and these need to be done to find out how much management can accept from the unions.
Wei Chi always spell-checks his written reports before giving them to his boss. Which of Wei Chi's skills is best shown by
using the spelling checker?
O critical thinking
O deductive reasoning
attention to detail
O technical skills
Answer:
c, attention to detail
Explanation:
On January 1, 2019, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5880. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2019. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of:_______
a. $1,800.
b. $600.
c. $450.
d. $0.
Answer:
b. $600
Explanation:
Calculation for what Ellison should recognize
as compensationn expense on its books
Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula
Compensation for 2010= Total compensation / 3 years
Let plug in the formula
Compensation for 2010 = $1,800 / 3 years
Compensation for 2010 = $600
Therefore Ellison should recognize compensation expense on its books in the amount of $600
Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.
May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($900 = $180 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.
Required:
a. Record the necessary transaction(s) for Outdoor Expo on each date.
b. Calculate net sales.
c. Show how Outdoor Expo would present net sales in its income statement.
Answer:
a. Recording of transactions:
May 7, Accounts Receivable (Dr.) $900
Sales Revenue (Cr.) $900
May 15, Customer service Expense (Dr.) $360
Sales Allowance (Cr.) $360
May 20, Cash (Dr.) $495
Cash Discount (Dr.) $45
Sales Allowance (Dr.) $360
Accounts receivable (Cr.) $900
Explanation:
b. Net Sales :
Total Quote ($180 * 5 ) = $900
Less : Cash Discount 5% = 45
Less : Sales Allowance 40% = 360
Net Sales = $495
c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.
Uing the direct method, and the information in the exhibits, prepare the financing activities section of the statement of cash flows for Alaskan Travels, Inc., as of December 31, Year 2. In the first column, from the option list provided, select the description for cash flows that are clearly from financing activities. In the second column, enter the amounts that will be reported in the financing activities section of the statement of cash flows. Indicate negative numbers by using a leading minus (-) sign.
Cash flows from financing activities: Net cash provided by (used in) financing activities:
1.
2.
3.
4.
5.
Total:
Answer:
1. Dividends Paid - $8,900
2. Short term borrowing $5,500
3. Interest Paid - $1,208
4. Increase in Share capital $10,000
5. Long term borrowings Repayment - $7,250
Explanation:
Cash flows statements are important for a business as this clears out company position in terms of cash. The cash inflows and outflows are reported in the statement. There are three different categories in which cash is reported, Operating activities, Investing Activities and Financing Activities.
Financing activities shows cash flows which are used to fund the business. This part of cash flow shows the net cash generated from different sources of finance.
List the 5 tests of whether personal property has become a fixture
Answer:
im not sure but there is other questions for you.
Explanation:
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started in the current accounting period Turnbull paid its builder $250,000 toward construction of the building. During the period Turnbull had outstandingjilebt of $200,000 with an interest rate of 6% and pays interest at the end of the period. What amount of interest should Turnbull include in the cost of the building from the current period?
A. $0
B. $3,000
C. $12,000
D. $15,000
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.
Johanna Murray, a climate campaigner at The National Footprint Foundation, is known in her organization to be a campaigner of caliber and high performance. She has strong networks with the Ministry of Environment and allies with several environmental organizations in the country. Over the years, she has gained substantial knowledge on the issue of climate change. However, recently when she prepared a consolidated report on a conference she attended on climate change, it reflected major loopholes and limited information from the conference. Which of the following, if true, substantiates that Johanna had an anchoring bias?
A) Johanna was moved by the arguments put forth by the first speaker.
B) Johanna participated actively in the interactive session conducted at the end.
C) The speakers at the conference consisted of renowned environmental scientists and activists.
D) Johanna has attended several conferences where the panel consisted of eminent scientists.
E) Johanna was shocked by the startling facts shown during the concluding session.
Answer:
A. Johanna was moved by the arguments put forth by the first speaker.
Explanation:
We start by first explaining the meaning of the concept anchoring bias. This would help us to pick the best answer for this question.
Anchoring bias can be described as a bias that exists when a person is heavily dependent on the first information they get or are offered. Once the person sets this anchor, all the judgments that they make tends to be anchored around this information.
so from these options in this question , the one that substantiates on what an anchoring bias is option A.
Johanna was moved by the arguments put forth by the first speaker.
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000
Work in process inventory, January 1 $41,250
DIRECT MATERIALS:
Direct materials inventory, January 1 $19,840
Direct materials purchases $60,4035
Cost of direct materials available for use $62,3875
Direct materials inventory, December 31 $15,500
Cost of direct materials placed in production $608,375
Direct labor $1,413,000
Factory overhead $300,000
TOTAL manufacturing costs $2,321,375
Total work in process during period $2,362,625
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400. The machine's useful life is estimated at 20 years, or 387,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product.
Required:
Determine the machine's second-year depreciation using the double-declining balance method.
Answer:
$7,326
Explanation:
Double Decline Balance = 2 x SLDP x SLDBV
where,
SLDP = Straight Line Depreciation Percentage
= 100 ÷ useful life
= 100 ÷ 20
= 5 %
and
SLDBV = Straight Line Percentage Book Value
Year 1
Double Decline Balance = 2 x 5% x $81,400
= $8,140
Year 2
Double Decline Balance = 2 x 5% x ($81,400 - $8,140)
= $7,326
Therefore
The machine's second-year depreciation using the double-declining balance method is $7,326.
Can someone please help me on this
Answer:
The question that corresponds to this is
Explanation:
Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
Select all of the examples of a scenario in which the firm is demonstrating financial weakness.
a. An ROA of 0.7 when the industry average is 1.4.
b. A current ratio of 0.5.
c. An ROE of 1.4 when the industry average is 1.15.
d. A quick ratio above the industry average of 0.9.
e. A fixed asset ratio of 0.6 when the industry average is 1.1.
f. A debt capital ratio of 0.7 when the industry average is 0.15
Answer:
a. An ROA of 0.7 when the industry average is 1.4
b. A current ratio of 0.5.
f. A debt capital ratio of 0.7 when the industry average is 0.15
e. A fixed asset ratio of 0.6 when the industry average is 1.1
Explanation:
A return on the asset ration may be a profitable ratio that indicates the efficiency of the usage of the assets in any business. When the ratio is higher it is better. A lower ratio shows the financial weakness of a firm for utilizing the assets.
A 0.7 debt ratio that is higher than the industry average represents a higher leverage and the higher solvency risk.
The 0.6 fixed asset ratio shows a lower utilization of the fixed assets in the generation of the turnover. Hence, it shows a financial weakness.
Current ratio represents the coverage of the current assets for the meeting of a short term obligations. The ratio is desired to be 2.
Ratio of 0.5 shows a current asset that is not sufficient for meeting the current liabilities.
The following information is available for Trinkle Company for the month of June:
1. The unadjusted balance per the bank statement on June 30 was $81,500
2. Deposits in transit on June 30 were $3,150
3. A debit memo was included with the bank statement for a service charge of $40
4. A $5,611 check written in June had not been paid by the bank
5. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $900, and the interest collected amounted to $50
Required
Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Answer:
the true cash balance as on June 30 is $79,039
Explanation:
The computation of the true cash balance as on June 30 is given below:
Unadjusted Balance as Per Bank Statement on Jun 30 $81,500
Add: Deposit in Transit Jun $3,150
Less: Outstanding Check Jun30 $(5,611)
True Cash Balance As on Jun 30 $79,039
hence, the true cash balance as on June 30 is $79,039
critics of classical management theory
Suppose the total monetary value of all final goods and services produced in a particular
country in 2008 is $500 billion and the total monetary value of final goods and services
sold is $450 billion. We can conclude that:
A. GDP in 2008 is $450 billion.
B. NDP in 2008 is $450 billion.
C. GDP in 2008 is $500 billion.
D. inventories in 2008 fell by $50 billion.
im gone go for D hhalf oral Iran
the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel