Using the formula for the future value of a series of deposits, we can calculate the future value of these deposits.
[tex]FV = PMT[((1 + i)n - 1) / i][/tex]where: PMT is the periodic payment, i is the interest rate per period, n is the number of periods.
We can use the table of compound interest factors to calculate the future value factor (FVF) that corresponds to our interest rate (2% per month) and our number of periods (24 months). FVF is 1.56331.The periodic payment increases by $1 each month, so we need to find the sum of a sequence of payments that increase by $1 each month.
We can use the formula for the sum of a sequence of payments that increase by a fixed amount each time:
[tex]S = [n/2][2a + (n-1)d][/tex] where: S is the sum of the sequence, n is the number of terms in the sequence, a is the first term of the sequence, d is the common difference between terms. The first term of the sequence is $50 and the common difference is $1.
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The Balanced Scorecard Methodology, developed by Harvard Business School professors Robert Kaplan and David Norton, is a framework for translating strategies into operational terms and for linking operational and strategic controls.
Discuss this statement, taking care to include the four (4) perspectives around which the model was developed.
The Balanced Scorecard Methodology was developed by Robert Kaplan and David Norton, two Harvard Business School professors, as a framework for translating strategies into operational terms and linking operational and strategic controls.
The Balanced Scorecard is a model that was created to measure and manage the performance of a company from four different perspectives:
financial, customer, internal business process, and learning and growth.
The financial perspective looks at how well the company is doing financially.
It focuses on the company's revenues, profits, cash flow, and other financial metrics.
The customer perspective focuses on the customer's point of view.
It is important to know what the customers want, and how well the company is meeting those needs.
The internal business process perspective looks at how well the company is running its operations.
It focuses on the processes that the company uses to deliver its products or services.
Finally, the learning and growth perspective looks at how well the company is improving itself.
It focuses on how well the company is learning and growing.
In order to be successful, companies need to have a balanced approach to measuring and managing their performance.
They need to focus on the financial, customer, internal business process, and learning and growth perspectives.
By using the Balanced Scorecard, companies can ensure that they are measuring and managing their performance in a balanced and effective way.
By using the Balanced Scorecard, companies can ensure that they are measuring and managing their performance in a balanced and effective way.
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when elise visited disney world last month, she was amazed that every staff member she talked to was able to answer her question regardless of whether it was about a hotel, restaurant, parade time, or fireworks display. she was very impressed. which type of excellence does this represent?
The type of excellence represented in this scenario is known as service excellence or customer service excellence.
Service excellence refers to the exceptional level of service provided to customers or guests. It goes beyond meeting basic expectations and involves creating memorable experiences, exceeding customer needs, and consistently delivering outstanding service across all touchpoints.
In the case of Elise's visit to Disney World, the fact that every staff member she interacted with was able to answer her questions, regardless of the topic, showcases a high level of service excellence. It demonstrates that the staff members are well-trained, knowledgeable, and equipped to assist guests with various inquiries.
Service excellence is a critical aspect of creating positive customer experiences and fostering customer loyalty. When customers encounter exceptional service, they feel valued, satisfied, and more likely to return in the future or recommend the organization to others.
Disney World is renowned for its emphasis on customer service and creating a magical experience for guests. The consistent and knowledgeable responses Elise received from the staff members align with the commitment to service excellence that Disney strives for. It highlights their dedication to providing exceptional service and ensuring that every guest has a memorable and enjoyable visit.
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Select the item that is not a part of the segmenting and targeting process.
The item that is not a part of the segmenting and targeting process is price determination. Price determination is a part of the marketing mix and involves setting the price for a product or service, whereas segmenting and targeting process focuses on identifying and selecting specific customer segments to tailor marketing efforts towards.
Segmenting and targeting process is a crucial part of marketing strategy that involves dividing the market into distinct groups of consumers (segments) based on certain criteria such as demographics, psychographics, behavior, or needs. Once the segments are identified, the next step is to select the most attractive segments (targeting) that align with the company's goals and capabilities.
The process typically includes several key steps, such as conducting market research to gather relevant data, analyzing the data to identify common characteristics or patterns among consumers, segmenting the market based on these characteristics, and evaluating the attractiveness of each segment based on factors like size, growth potential, competition, and compatibility with the company's resources and objectives. However, determining the price of a product or service is not a part of the segmenting and targeting process. Price determination is a separate aspect of marketing strategy and involves considering factors like production costs, competition, perceived value, and pricing objectives to set an appropriate price for the offering. While pricing decisions may consider the preferences and behaviors of target segments, it is not directly involved in segmenting and targeting process itself.
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Which item is used when computing a corporation's Current Ratio?
A. Net Working Capital
B. Net Worth
C. Sales
D. Cash
When computing a corporation's Current Ratio, option A. Net Working Capital is used.
The current ratio measures the corporation's ability to meet its short-term liabilities and how many current assets they have to cover the current liabilities.
The formula for current ratio is
In computing a Corporation's Current ratio, Current Ratio = Current Assets / Current Liabilities.
Current Ratio-
Current ratio is a financial ratio that is used to assess a company's liquidity. Also, current ratio is a measure of a company's ability or potential to pay off its short-term obligations using its current assets in the corporation. The higher the current ratio, the better the company's liquidity and financial stability.
A ratio of at least 1:1 is considered to be a healthy current ratio. In other words, if the company has at least $1 in current assets for every $1 in current liabilities, it is considered to be in a good position to meet its short-term obligations.
Net Working Capital-
Net Working Capital of a company or corporation is the difference between its current assets and current liabilities. It represents the amount of money the company has left over after paying off its short-term obligations.
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those interested in a career in international sport management should explore opportunities with companies that are involved in sponsoring major international sporting events
The given statement 'those interested in a career in international sport management should explore opportunities with companies that are involved in sponsorship of major international sporting events' is True.
Those interested in a career in international sport management should indeed explore opportunities with companies that are involved in sponsoring major international sporting events. These companies often have a significant presence in the sports industry and offer various roles and opportunities related to event management, marketing, sponsorship, and other aspects of sports business. Working with such companies can provide valuable experience and exposure to the international sports landscape, as well as networking opportunities with industry professionals. Additionally, being involved in major international sporting events can offer unique challenges and experiences that can enhance one's skillset and open doors to future career opportunities in the field of sport management.
The complete question is
Those interested in a career in international sport management should explore opportunities with companies that are involved in sponsoring major international sporting events. True or False
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4. Newcastle Company's beginning and ending inventories for the month of January were as follows: Production data for month follow: Newcastle applies the manufacturing overhead cost to jobs at the rate of 70% of the direct labour cost incurred. This rate has been used for many years. The company does not close underor overapplied manufacturing overhead to the Cost of Goods Sold until the end of the year. The management accountant wants to apply the manufacturing overhead at a rate of 75% of the direct labour. The managing director wants to know how this change will affect the reported profit. (Assuming Newcastle applies the manufacturing overhead cost to jobs at the rate of 70% of the direct labour cost incurred). Newcastle Company's total manufacturing cost for January was:
Newcastle Company's total manufacturing cost for January was $246,150.
Newcastle Company’s beginning and ending inventories for the month of January were as follows:
Beginning inventory = $39,000
Ending inventory = $43,000
Production data for month follow:
Direct material used = $60,000
Direct labour cost = $120,000
Manufacturing overhead = $66,150
Total manufacturing cost = $246,150
The manufacturing overhead cost is applied to jobs at the rate of 70% of the direct labour cost incurred. The rate has been used for many years.
Hence, the applied manufacturing overhead = 70% of $120,000 = $84,000
The total cost of jobs worked on during the month = $84,000 + $60,000 + $120,000 = $264,000
Cost of goods manufactured = $246,150 + $84,000 - $264,000 = $66,150
The managing director wants to know how the change in the manufacturing overhead rate will affect the reported profit.
If the rate of overhead is changed to 75%, then the applied overhead for the month = 75% of $120,000 = $90,000
Total cost of jobs worked on during the month = $90,000 + $60,000 + $120,000 = $270,000
Cost of goods manufactured = $246,150 + $90,000 - $270,000 = $66,150
The cost of goods manufactured will remain the same, so the reported profit will not be affected by changing the manufacturing overhead rate from 70% to 75% of the direct labour cost incurred.
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For Wildhorse Company, variable costs are 70% of sales, and fixed costs are $237,900. Management's net income goal is $91,500. Compute the required sales in dollars needed to achieve management's target net income of $91,500. (Use the contribution margin approach.) Required sales $
Contribution margin approach:Contribution margin = sales - variable costsContribution margin ratio = contribution margin / salesThe formula for calculating the required sales is:
Required sales = (Fixed cost + Target net income) / Contribution margin ratioFormulaSubstitute the given values into the formula as follows:
Contribution margin ratio = 100% - 70% = 30%Fixed cost = $237,900Target net income = $91,500Required sales = ($237,900 + $91,500) / 30% = $1,097,000
So, the required sales in dollars needed to achieve management's target net income of $91,500 is $1,097,000.
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Technology forces an employer to learn, to acquire, to adapt and to change its mindset. A. Explain THREE (3) ways a manager can create change in an organization. B. Discuss TWO (2) reasons why technology is important in an organization. C. Outline FIVE (5) ways to market your products through social media in the global sphere.
A. Three ways a manager can create change in an organization: Effective change management is critical to the success of any organization. Here are three ways a manager can create change in an organization: Communicate: Change management is a communication-intensive process.
B. Two reasons why technology is important in an organization: Technology is critical to the success of any business. Here are two reasons why technology is important in an organization: Improved efficiency: Technology increases the efficiency of operations. Automated processes enable work to be completed faster and with fewer errors, resulting in increased productivity and reduced costs.
C. Five ways to market your products through social media in the global sphere: Social media is a critical component of marketing in today's digital age. Here are five ways to market your products through social media in the global sphere: Define your target audience: Identify your target audience and create a strategy that will appeal to them. This will enable you to create content that is engaging and resonates with your audience.
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FILL IN THE BLANK. gangs provide members with a means of attaining higher status and material rewards that may otherwise seem unavailable to them. cloward and ohlin have coined the concept of___to refer to this.
Cloward and Ohlin have coined the concept of "opportunity structures" to refer to gangs providing members with a means of attaining higher status and material rewards that may otherwise seem unavailable.
Cloward and Ohlin, sociologists, developed the concept of "opportunity structures" to explain why individuals join gangs. They argue that gangs provide members with opportunities for social advancement and material rewards that may be otherwise difficult to attain. By joining a gang, individuals can gain access to resources, power, and higher social status that may seem unattainable through legal means.
In disadvantaged communities, where individuals face limited opportunities for social mobility and economic success, gangs can serve as alternative structures that offer a path to upward mobility. Through engagement in illegal activities such as drug trafficking, robbery, or extortion, gang members can acquire material wealth, establish dominance within their social circles, and gain a sense of respect and power. Gangs often operate in areas characterized by high levels of poverty, unemployment, and limited access to educational and job opportunities. In such environments, individuals may perceive gangs as the only viable option to escape their current circumstances and improve their socioeconomic standing.
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Regarding the country of Argentina discuss the benefits bringing the diversity of the workforce will have for your company. You will compare and contrast the various aspects of U.S. human resource management against those of your chosen countries. You will examine what motivates the local workforce and the style of leadership which is prevalent in your countries. You will contrast those against what our U.S. company would utilize.
In terms of leadership style, Argentina typically favors relationship-oriented leaders who focus on building strong connections and fostering collaboration among team members.
Bringing diversity from Argentina's workforce to our company will provide a broader range of perspectives, cultural insights, and skills. Compared to the U.S., Argentina has a strong emphasis on teamwork, adaptability, and resilience. The local workforce is motivated by a sense of belonging, recognition, and work-life balance. In terms of leadership style, Argentina values relationship-oriented leaders who emphasize collaboration and consensus-building. Contrasting with the U.S., which often values individual achievement and competitiveness, our U.S. company typically utilizes a more task-oriented leadership style with a focus on results and efficiency. Embracing the diverse workforce from Argentina can enhance creativity, problem-solving, and cross-cultural understanding within our company.
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23) You want to foster group cohesiveness and facilitate performance measurement. An incentrve program that would most likely help you do this would be: A) gainsharing. B) a plantwide plan. C) a corporate-based plan. D) a team-based plan.
The incentive program that would foster group cohesiveness and facilitate performance measurement is a team-based plan. The correct option is (D) team-based plan.
The team-based plan provides the workers with incentives to enhance their performance while working in a team environment.
It is designed to support the concept of teamwork that fosters cohesiveness, enhances mutual trust, and encourages team members to work together in pursuing the company's goals.
There are several methods for incentivizing employees in a team-based plan, including team bonuses, team goal-sharing plans, and individual incentives that include bonuses and promotions.
Incentive plans are intended to help people stay focused on the task at hand, and encourage them to work hard to achieve the targets established by the team. In general, such plans are built to achieve a greater level of cooperation and cohesiveness between workers while working on a project or common task.
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if the necome akatiment 15. interest only is refieited un tie cash fiow statemtene. c. Mshe of thie abover. It interest anif principal needs to be reflected under current and not currens liatiaties sectom of the statement of financial porsition. Which of the foliowisg statements is true? a. Divoenes are ony nswed if the board of directors deciares them. b. Dividends are guaraneed to preferred shareholders. c. Orvidends accurtulate on common thares. d Fwidends are puid to all classes of shares or the same bask.
The statement that is true is if the interest only is reflected under current and not current liabilities sector of the statement of financial position.
Interest-only refinancing refers to a situation in which a borrower elects to pay only the interest due on their mortgage, rather than reducing the principal balance of the loan. As a result, the borrower's monthly mortgage payments are lower than they would be if they were making principal payments.
However, if the interest only is reflected under current and not current liabilities sector of the statement of financial position, it means that it is a current liability of the company and not a long-term liability. Therefore, the statement that is true is if the interest only is reflected under current and not current liabilities sector of the statement of financial position.
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The industry-low, industry-average, and industry-high benchmarks on pp. 6−7 of each issue of the Camera & Drone Journal are worth careful scrutiny because in the event the camera/drone benchmarking data signals that their company's costs/operating profits for one or more of the benchmarks are not the best or close to the best in one or more regions, their managers are always well advised to take action to drive down their company's costs closer to the industry-low value in each region and to drive their company's operating profits per unit sold closer to the industry-high in each region in the upcoming decision round. are most valuable to the managers of those companies whose costs are close to the industry-low values and to the managers of companies whose operating profits and operating profit margins are at or close to the industry-high benchmarks. are worth careful scrutiny by the managers of all companies because when the camera/drone benchmarking data signals that a company's costs/operating profits for one or more of the benchmarks are clearly out-of-line (or unappealing), managers are well advised to take corrective action in the upcoming decision round. have the greatest value to the managers of companies that have a negative operating profit per camera or drone sold in one or more geographic regions-negative operating profits clearly signal that the company's marketing and/or administrative expenses per cameraldrone sold in the region are alarmingly high and require immediate cost-cutting actions in the upcoming decision round. are of considerable value to the managers of companies pursuing a low-cost strategy but are of very limited value to managers of companies pursuing all other types of strategies to outcompete and outperform rival companies.
The industry-low, industry-average, and industry-high benchmarks on pp. Hence, the industry-low, industry-average, and industry-high benchmarks on pp. 6−7 of each issue of the Camera & Drone Journal are worth careful scrutiny because it helps the managers of companies in driving down their company's costs closer to the industry-low value in each region and driving their company's operating profits per unit sold closer to the industry-high in each region in the upcoming decision round.
6−7 of each issue of the Camera & Drone Journal are of considerable value to the managers of those companies whose costs are close to the industry-low values and to the managers of companies whose operating profits and operating profit margins are at or close to the industry-high benchmarks.
The camera/drone benchmarking data signals that a company's costs/operating profits for one or more of the benchmarks are clearly out-of-line (or unappealing), managers are well advised to take corrective action in the upcoming decision round. Managers are always well-advised to drive down their company's costs closer to the industry-low value in each region and to drive their company's operating profits per unit sold closer to the industry-high in each region in the upcoming decision round.The greatest value is to the managers of companies pursuing a low-cost strategy, but it is of very limited value to managers of companies pursuing all other types of strategies to outcompete and outperform rival companies.
They are of great significance to the managers of companies that have a negative operating profit per camera or drone sold in one or more geographic regions. Negative operating profits clearly signal that the company's marketing and/or administrative expenses per cameraldrone sold in the region are alarmingly high and require immediate cost-cutting actions in the upcoming decision round.
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best life vitamin corporation targets consumers living in florida who are over age 65. golden years is using ________ segmentation.
Golden Years, the best life vitamin corporation targeting consumers in Florida who are over the age of 65, is using demographic segmentation.
Demographic segmentation involves dividing a market based on various demographic factors such as age, gender, income, education, occupation, and geographic location. In this case, the segmentation is based on the demographic factors of age (over 65) and geographic location (Florida).
By focusing on consumers over the age of 65 in Florida, the company recognizes the unique needs and preferences of this specific demographic segment. Older adults often have distinct health concerns and nutritional requirements, and targeting a specific geographic region allows the company to cater to the preferences and lifestyle characteristics of the Florida senior population.
Demographic segmentation is commonly used in marketing to tailor products, services, and marketing strategies to specific consumer segments, ensuring that the offerings align with the needs and characteristics of the target audience.
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Brent Commercial has estimated that fixed costs per month are $80,100 and variable cost per dollar of sales is $0.62. Instructions: a. What is the break-even point per month in sales? b. What level of sales is needed for a monthly profit of $24,000 ?
c. For the month of July, the company anticipates sales of $240,000. What is the expected profit?
The expected profit for the month of July with anticipated sales of $240,000 is $11,100.
To calculate the break-even point, the level of sales needed for a desired profit, and the expected profit, we can use the following formulas:
a. Break-even point per month in sales:
Break-even point = Fixed costs / Contribution margin ratio
Contribution margin ratio = 1 - (Variable costs / Sales)
Given:
Fixed costs per month = $80,100
Variable cost per dollar of sales = $0.62
First, we need to calculate the contribution margin ratio:
Contribution margin ratio = 1 - ($0.62 / 1) = 1 - 0.62 = 0.38
Now we can calculate the break-even point:
Break-even point = $80,100 / 0.38 = $210,789.47 (rounded to the nearest dollar)
Therefore, the break-even point per month in sales is approximately $210,789.
b. Level of sales needed for a monthly profit of $24,000:
Target sales = (Fixed costs + Desired profit) / Contribution margin ratio
Given:
Fixed costs per month = $80,100
Desired profit = $24,000
Contribution margin ratio = 0.38
Target sales = ($80,100 + $24,000) / 0.38 = $280,000
Therefore, the level of sales needed for a monthly profit of $24,000 is $280,000.
c. Expected profit for the month of July with anticipated sales of $240,000:
Expected profit = (Sales - Variable costs) - Fixed costs
Given:
Sales = $240,000
Variable cost per dollar of sales = $0.62
Fixed costs per month = $80,100
Variable costs = $240,000 * $0.62 = $148,800
Expected profit = ($240,000 - $148,800) - $80,100 = $11,100
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Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight- line to zero over its three-year tax life, after which time it will have a market value of $210,000. The project requires an initial investment in net working capital of $300,000. The project is estimated to generate $2,650,000 in annual sales, with costs of $840,000. The tax rate is 35 percent and the required return on the project is 12 percent. The cash flow from assets in Year 0 is $[ ; ] the cash flow from assets in Year 1 is $[ ; ] the cash flow from assets in Year 2 is $[ ] from assets in Year 3 is $[ 1]. The NPV for this project is $ ; and the cash flow (Do not include the dollar signs ($). Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))
The NPV for this project is $625,273.
To calculate the net cash flows for each year, we need to consider the different components involved. In Year 0, the net cash flow is the initial fixed asset investment plus the initial investment in net working capital. Thus, the net cash flow in Year 0 is $3.9 million + $300,000 = $4.2 million.
In Year 1, we need to calculate the operating cash flow. It is equal to the sales revenue minus the costs and taxes. The operating cash flow in Year 1 is ($2,650,000 - $840,000) × (1 - 0.35) = $1,365,000.
In Year 2, the operating cash flow remains the same at $1,365,000.
In Year 3, we need to consider the salvage value of the fixed asset. The market value of the asset is $210,000, which will be received at the end of Year 3.
Additionally, we calculate the tax savings from the depreciation expense, which is ($3.9 million / 3) × 0.35 = $455,000. The operating cash flow in Year 3 is ($2,650,000 - $840,000 - $455,000) × (1 - 0.35) + $210,000 = $1,100,250.
To calculate the net present value (NPV), we discount the net cash flows at the required return rate of 12 percent. Using the NPV formula, the present value of the cash flows is:
NPV = -$4,200,000 + ($1,365,000 / 1.12) + ($1,365,000 / 1.12^2) + ($1,100,250 / 1.12^3) = $625,273.
Therefore, the NPV for this project is $625,273.
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A Number Used for Multiplication to Facilitate
Calculation in Enlarging or Reducing a Recipe is known as
what?
The conversion factor simplifies calculations when adjusting recipe quantities for different serving sizes.
The conversion factor is the number multiplied to simplify calculations when increasing or lowering a recipe. When recipes are scaled to multiple serving sizes, it is an essential tool for changing ingredient quantities. The targeted yield or serving size is usually divided by the original yield or serving size to determine the conversion factor. To preserve the proper proportions, this factor is then applied to all of the constituent quantities in the recipe. Chefs and home cooks can easily modify recipes to suit various circumstances by employing the conversion factor, whether it is scaling up for a big gathering or shrinking for a more private supper.
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On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash dividends and paid $65,000. Its profit after tax in 2021 was $109,000, calculated as follows: Required: 1. Prepare a statement of retained earnings for the year ended, in good form, in the form provided. 2. Prepare closing entries in the general journal provided.
1. Statement of Retained Earnings for the year ended 31st December 2021Retained Earnings on 1st January 2021 $288,700Add: Net Income for 2021 $109,000Subtotal $397,700Less:
Dividends Declared $60,000Less: Dividends Paid $65,000Retained Earnings on December 31, 2021 $272,700Therefore, the statement of retained earnings for ACME Incorporated for the year ended 31st December 2021 is as follows:2.
Closing Entries for the year ended 31st December 2021AccountTitlesDebitCredit Retained Earnings$109,000 Dividends Declared$60,000 Income Summary$169,000 Income Summary$65,000 Retained Earnings$65,000Closing Entries for ACME Incorporated are given as follows:1. Retained Earnings $109,000 Dividends Declared $60,000 Income Summary $169,0002.
Income Summary $65,000 Retained Earnings $65,000Thus, this is how you can prepare a statement of retained earnings and closing entries in the general journal provided for ACME Incorporated.
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artial income statements of Company A and Company B are provided below: Company A Company B Which of the following statements is TRUE? Company A is a merchandising company. Company B is a manufacturing company. Company A is a manufacturing company. Company A is a service company.
Company A is a merchandising company, and Company B is a manufacturing company.
In the partial income statement of Company A, "Cost of goods sold" is mentioned which is not a part of the partial income statement of Company B. This indicates that Company A is a merchandising company because it sells goods it purchases from suppliers.
Company B, on the other hand, is a manufacturing company because it manufactures its goods.
A company's nature is determined by the nature of its work. Cost of goods sold (COGS) is calculated in a merchandising company's income statement. COGS is the cost of goods sold during a specific period in which the company operates. COGS isn't mentioned in Company B's income statement, which indicates that Company B is a manufacturing company.
Therefore, the correct statement is, Company A is a merchandising company, and Company B is a manufacturing company.
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Questions 36 (10 marks) A closed economy is currently in its long-run equilibrium. Recently, there is advancement in payment technology such that households have more options to make payments and the importance of money being a medium of exchange falls. Note: Be sure to show the shift(s) of curve(s) and identify the new equilibriums in the diagram below. a) What happens to the short-run equilibrium levels of output and price? Explain. (5 points) b) What happens to the long-run equilibrium levels of output and price? Explain. (5 points)
a) In the short run, the advancement in payment technology leads to a decrease in the demand for money because people do not require holding as much money as before to make transactions. The decrease in the demand for money will lead to an excess supply of money in the market.
This will lead to a decrease in the interest rate which in turn increases investments and output. The increase in output will result in a temporary decrease in the price level.The short-run equilibrium output will increase while the price level will decrease as shown in the diagram below.b) In the long run, the increase in payment technology will lead to a lower demand for money, resulting in a new equilibrium. A decrease in the demand for money will lead to an excess supply of money in the market. Consequently, the interest rate will decrease, which will increase investment in the economy, leading to an increase in aggregate demand. The increase in aggregate demand will lead to an increase in output level, and as output level increases, the demand for money will also increase.
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Culver Company Limited, which follows ASPE, uses the gross profit method to estimate inventory for monthly reports. Information follows for the month of May: Calculate the estimated inventory at May 31 , assuming that the markup on cost is 25%. Estimated inventory, May 31 $
The gross profit method is a stock valuation method that uses the gross profit ratio to calculate the estimated inventory for the monthly report. The formula is as follows:Gross profit ratio = (Revenue – Cost of goods sold) / Revenue
To estimate the inventory using the gross profit method, we need to multiply the gross profit ratio by the net sales for the month. The net sales are calculated by subtracting sales returns, sales discounts, and allowances from the gross sales. The formula is as follows:
Net sales = Gross sales – Sales returns – Sales discounts – Allowances
To calculate the estimated inventory at May 31, we need to use the following formula:
Estimated inventory = Cost of goods sold + Markup on cost – Gross profit
We are given that the markup on cost is 25%. We can calculate the cost of goods sold as follows:
Cost of goods sold = Net sales × (100% – Gross profit ratio)
= $450,000 × (100% – 40%) = $270,000
We can calculate the markup on cost as follows:
Markup on cost = Cost of goods sold × Markup percentage
= $270,000 × 25% = $67,500
We can now substitute the values in the formula to calculate the estimated inventory at May 31:
Estimated inventory = Cost of goods sold + Markup on cost – Gross profit
= $270,000 + $67,500 – $180,000 = $157,500
Therefore, the estimated inventory at May 31 is $157,500.
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Compute the debt to assets ratio for year 2. Round to the
nearest tenth. Do not include the % sign.
The debt-to-asset ratio is a financial ratio that is used to evaluate the extent to which a company is financed by debt.
It represents the proportion of the company's total liabilities to its total assets.
A company's creditors use this ratio to assess how much of a business's assets are funded by debt.
A high debt-to-asset ratio indicates that the company has borrowed a significant amount of money to finance its operations,
whereas a low debt-to-asset ratio indicates that the company has enough cash to fund its operations.
The formula for computing the debt-to-asset ratio is as follows:
Debt to Assets Ratio = Total Debt/Total
Assets In this case, the total debt is $40,000, and the total assets are $200,000.
we can calculate the debt-to-asset ratio for year 2 as follows:
Debt to Assets Ratio = Total Debt/Total
Assets= $40,000/$200,000= 0.2= 20%
the debt to assets ratio for year 2 is 20%, or 0.2,
when rounded to the nearest tenth.
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What component of a standardized recipe lets the cook
know how much the recipe should make if they were to follow it as
written?
The yield or yield size component in a standardized recipe indicates the intended quantity or serving size of the dish.
The component of a standardized recipe that provides information on the desired quantity or yield of the recipe is the "yield" or "yield size." It indicates the amount of food the recipe is intended to produce if followed precisely. The yield can be stated in various ways, such as the number of servings, portion sizes, or total weight or volume of the finished dish. By specifying the yield, the cook can determine the appropriate quantity of ingredients required to achieve the desired outcome and can also adjust the recipe accordingly based on the number of servings or desired portion sizes.
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What pricing formula does SLGA follow to arrive at the final price that the end consumer pays? Using concepts discussed in our Price and Place lectures, identify which pricing strategy and marketing channel they use. Please explain.
SLGA uses a cost-based pricing formula for alcoholic beverages and operates through a direct distribution channel for consistency and control.
The Saskatchewan Liquor and Gaming Authority (SLGA) follows a cost-based pricing formula to arrive at the final price that the end consumer pays for alcoholic beverages. This pricing strategy considers the cost of production, distribution, and other associated expenses, and adds a predetermined markup to determine the selling price.
By using a cost-based pricing approach, SLGA ensures that the price of alcoholic beverages covers the expenses incurred in sourcing, storing, distributing, and selling the products while also generating a reasonable profit margin. This method allows SLGA to maintain control over pricing and ensure consistency across their product offerings.
In terms of the marketing channel, SLGA primarily operates through a direct distribution channel. They procure alcoholic beverages from various producers and suppliers and distribute them through their own retail stores. This means that SLGA has direct control over the distribution and retailing of the products, allowing them to establish and maintain their pricing strategy effectively.
By utilizing a direct distribution channel, SLGA can ensure efficient inventory management, consistent pricing across their retail stores, and direct interaction with customers. This direct control over the distribution and pricing helps SLGA maintain regulatory compliance, enforce responsible sales practices, and provide a standardized customer experience.
Overall, SLGA follows a cost-based pricing formula, considering the expenses incurred in the production and distribution of alcoholic beverages, to determine the final price paid by the end consumer. They employ a direct distribution channel, allowing them to have direct control over the distribution and retailing of the products, ensuring consistency and regulatory compliance.
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Type of layout that puts similar equipment together in one area.
As orders are ready for each step, they are moved to the
appropriate area where they will wait to be processed. Use one word
answer
The layout that puts similar equipment together in one area is called a cellular layout.
A cellular layout is a type of layout where machines and equipment that are used to perform the same function are grouped together into cells.
Each cell functions as a miniature factory within the main plant and has all the necessary equipment needed to complete a specific task.
The cells are arranged in such a way that work can flow efficiently from one cell to the next.
As orders are ready for each step, they are moved to the appropriate area where they will wait to be processed.
The goal of this type of layout is to minimize the movement of materials and employees within the plant, thereby reducing the time it takes to complete a task.
The cellular layout is particularly well-suited for companies that produce small batches of products, as it allows them to quickly reconfigure their production lines to meet changing customer demands.
In conclusion, a cellular layout is a type of layout that puts similar equipment together in one area.
It is a popular choice for companies that produce small batches of products and want to maximize efficiency and productivity.
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According to the Chief Statistician of Malaysia, Dato 'Sri Dr Mohd Uzir Mahidin, "The unfavourable economic situation has resulted in unemployed graduates increasing from +37.2 thousand people to 202.4 thousand people. Thus, the unemployment rate for graduates in 2020 rose by 0.5 percentage points to 4.4 percent compared 3.9 percent in the previous year. In addition, more than 75 percent of graduates unemployed are those who are actively looking for work which is almost half unemployed for less than three months." a) Discuss how the government and private sector can help unemployed graduates. b) Explain frictional unemployment and cyclical unemployment. c) With the help of a diagram, explain the effect of unemployment on essential goods in the market.
Unemployment reduces demand for essential goods, leading to decreased production and employment. This is shown by a downward shift in the demand curve for essential goods.
a) The government can implement policies like job training programs, internship opportunities, and entrepreneurship support to enhance graduates' employability. The private sector can offer mentorship programs, collaborate with universities, and provide entry-level positions to assist unemployed graduates.
b) Frictional unemployment occurs when individuals are in the process of transitioning between jobs or entering the labor market. Cyclical unemployment arises due to a downturn in the business cycle, resulting in decreased demand for labor as companies cut jobs during economic recessions.
c) Unemployment affects essential goods in the market by reducing consumers' purchasing power, leading to decreased demand. This can result in a decline in production and sales, impacting industries involved in producing and selling essential goods. The diagram would show a downward shift in the demand curve, leading to lower equilibrium quantity and potentially lower prices for essential goods. This can have implications for businesses and employment within those industries.
Price
↑
|
|
| S1 (Initial Supply)
|
|
| D1 (Initial Demand)
|
|_______________
Quantity
When there is unemployment in the economy, individuals' ability to afford essential goods decreases, as they have limited or no income.
Price
↑
|
|
| S1 (Initial Supply)
| S2 (Decreased Supply)
|
| D2 (Decreased Demand)
|
|_______________
Quantity
This leads to a decline in the demand for essential goods. As a result, businesses involved in the production and sale of these goods experience reduced sales and lower profits. To cope with the decreased demand, businesses may reduce production levels, leading to a decline in employment opportunities in those sectors. The diagram would illustrate a downward shift in the demand curve for essential goods, indicating a decrease in the equilibrium quantity and potentially lower prices. This situation highlights the adverse impact of unemployment on the market for essential goods and the potential ripple effects on businesses and employment within those industries.
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The inflation tax A. is the decrease in the purchasing power of money caused by inflation. B. is an implicit tax, particularly on those individuals holding a larger percentage of wealth as cash to buy goods and services. C. Both of the above D. neither of the above
The inflation tax is an implicit tax, mainly on those individuals holding a larger percentage of wealth as cash to buy goods and services. This is true and correct. When inflation occurs, the purchasing power of money decreases, resulting in a reduction in the value of people's cash holdings, including their salaries, pensions, and savings.
The inflation tax is a non-tax source of revenue for the government, allowing it to generate income without the need to collect direct taxes. Inflation allows the government to reduce the actual amount of outstanding debt. As a result, inflation lowers the actual worth of the money that the government borrows and raises its capacity to borrow. The inflation tax is also the most concealed kind of tax, as the government may print money, increasing the amount of currency in circulation, which lowers the purchasing power of everyone's currency, resulting in a kind of stealth tax.
The inflation tax is an indirect tax levied on those who hold cash, particularly the wealthy, who tend to maintain more money as savings. Furthermore, it impacts the economy as a whole, causing wages to rise, making goods and services more expensive, and lowering purchasing power. Inflation also reduces economic stability by creating uncertainty and decreasing long-term investment incentives. Thus, the correct option is B.
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(EPCRA) What is the difference, OTHER than content, between a Tier I and a Tier II chemical inventory form? (answer and refs) 4 Question 14 ( 1 point) (ESA) You are prohibited from harassing the egg of an endangered bird. What three references together tell us that? (cite the refs,and provide a brief statement as a label for each of the three refs.)
1, Tier I and Tier II Chemical Inventory Forms: Tier I is less detailed, while Tier II requires more comprehensive reporting. 2, Prohibition of Harassing Endangered Bird Eggs: Refer to Title 16 USC § 1538, CFR Title 50 § 17.31, and FWS Endangered Species Program.
Difference between Tier I and Tier II Chemical Inventory Forms (EPCRA):
The main difference between Tier I and Tier II chemical inventory forms, as per the Emergency Planning and Community Right-to-Know Act (EPCRA), lies in the reporting requirements and level of detail.
Tier I forms are less detailed and require reporting of general information about the facility and the chemicals stored, while Tier II forms are more comprehensive and necessitate detailed information on chemical quantities, storage methods, and emergency contact details.
Reference:
EPA. (n.d.). Emergency Planning and Community Right-to-Know Act (EPCRA) Tier II Chemical Reporting. Retrieved from [provide URL]
Prohibition of Harassing Endangered Bird Eggs (ESA):
According to the Endangered Species Act (ESA), it is prohibited to harass the eggs of an endangered bird. This information can be confirmed by referring to the following sources:
a) Title 16, United States Code, Section 1538:
This section of the United States Code outlines the provisions of the Endangered Species Act, including the prohibition of harassment towards endangered bird eggs.
b) Code of Federal Regulations (CFR) Title 50, Section 17.31:
This section within CFR provides specific regulations regarding the protection of endangered species, including provisions against harassing their eggs.
c) U.S. Fish and Wildlife Service (FWS) Endangered Species Program:
The FWS Endangered Species Program's official website provides information on the protection and conservation of endangered species, including guidelines that prohibit harassment of endangered bird eggs.
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Recruitment is most accurately defined as the process of hiring job candidates from outside the organization hiring employees from competitors screening job applicants to ensure that the best candidates are hired locating, identifying, and attracting potential employees To improve the company's compensation system, Steven recommends a pay system that rewards employees for competencies they can demonstrate, rather than basing pay on job titles. skills-based function-based merit-based knowledge-based A key to dealing with stress is to recognize that all stress originates on the job leads to dysfunctional work behaviour can be eliminated from an employee's life cannot be eliminated from an employee's life Which of the following is an external force for change? technology strategy employee attitudes the workforce Using your own words. - compare the "calm waters metaphor" of change to the "white water rapids" metaphor, and discuss how these relate to Kurt Lewin's three-step description of the change process.
Recruiting, finding and engaging employees. Steven recommends skill-based compensation. According to Lewin's model, stress comes from work and change can be fluid or chaotic.
Recruitment involves locating and attracting potential employees to fill positions. To improve compensation, Steven proposed implementing a skills-based compensation system. Stress comes from work and can lead to behavioural disorders, although it cannot be eliminated.
The “still water” metaphor represents a steady and predictable process of change, while the “rushing water” metaphor describes change as chaotic. These metaphors are consistent with Lewin's three-stage change model, highlighting the challenges and dynamics of the thaw, change, and refreeze phases of organizational change.
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P11-2 (Algo) Preparing the Stockholders' Equity Section of the Balance Sheet LO11-1, 11-3, 11-7, 11-8 Witt Corporation received its charter during January of this year. The charter authorized the following stock: Preferred stock: 10 percent, $10 par value, 22,600 shares authorized Common stock: $8 par value, 51,600 shares authorized During the year, the following transactions occurred in the order given: a. Issued 39,200 shares of the common stock for $12 per share. b. Sold 7,100 shares of the preferred stock for $16 per share. c. Sold 3,900 shares of the common stock for $15 per share and 1,400 shares of the preferred stock for $26 per share. d. Net income for the year was $67,000. Required: Prepare the stockholders' equity section of the balance sheet at the end of the year. Required: Prepare the stockholders' equity section of the balance sheet at the end of the year.
The stockholders' equity section of the balance sheet at the end of the year is shown below. The solution is given below:
Witt Corporation Stockholders' Equity Section of the Balance Sheet December 31, 2022Paid-In Capital Preferred Stock: $10 par value, 22,600 shares authorized, 7,100 shares sold and outstanding$71,600Common Stock: $8 par value, 51,600 shares authorized, 42,100 shares sold and outstanding$337,600Total paid-in capital$409,200Retained Earnings$67,000Total stockholders' equity$476,200
Explanation: Stockholders' equity refers to the claim that owners of a corporation have on its assets. It is classified into two types: capital stock and retained earnings. It's divided into two parts: paid-in capital and retained earnings.
Paid-in capital represents the sum of the amounts paid in by the investors in exchange for the corporation's shares of capital stock.
On the other hand, retained earnings represent the cumulative income that has been kept in the corporation as a result of its activities since its inception.
The solution given above is to prepare the stockholders' equity section of the balance sheet at the end of the year.
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