Answer:
The correct answer is the option D: Use traditional tools and systems to maintain current pricing decisions.
Explanation:
To begin with, in the field of marketing and business the pricing strategy is a very important part of the four "Ps" that involves the marketing campaign that the company has to have in order to launch a product that will impact the market as good as possible. So that is whay that the organization has to have expertis in this area in order to achieve a price that can reflect not just the value of the product but also the purchasing power of the target audience that the company wants to reach. Therefore that the Forest Organization will search for ways to create greater customer value, define pricing goals and assign authority and responsibility for pricing decisions in order to achieve a right pricing strategy.
84,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,300. Using the straight-line method, the book value at December 31, 2021, would be:
Answer:
$67,860
Explanation:
Depreciation = Cost - Residual amount ÷ Useful life
= ($84,000 - $3,300) ÷ 5
= $16,140
Book Value = Cost - Accumulated depreciation
therefore,
Book Value = $84,000 - $16,140
= $67,860
thus
The book value at December 31, 2021, would be: $67,860
Sunland Company began operations on January 1, 2020, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed:
Final Inventory 2020 2021
FIFO $350000 $ 390000
LIFO 270000 330000
Net Income (computed under the FIFO method) 530000 780000
Based on the above information, a change to the LIFO method in 2021 would result in net income for 2021 of:________.
Answer:
$720,000
Explanation:
Calculations of change in net income of 2021 due to change to LIFO method
Net income = Net income as per FiFO method - (Inventory as per FIFO - Inventory as per LIFO)
Net income = $780,000 - ($390,000 - $330,000)
Net income = $780,000 - $60,000
Net income = $720,000
Therefore, a change to the LIFO method in 2021 would result in net income for 2021 of $720,000.
A Ford Mustang GT costs $75000. Assuming the price of a Ford Mustang didn't change since 1985, calculate the current(2019) price of resale for Mustangs purchased over the years, subject to variable depreciation based on Year of Purchase.
YEAR OF PURCHASE ANNUAL DEPRECIATION
1985 - 1995 $2000
1996 - 2005 $1800
2006 - 2015 $1600
2016 - Present $1400
A Mustang bought in 1997 will depreciate by $1800 annually and will resell at $33600 in 2020 or a Mustang bought in 2008 will depreciate by $1600 annually and will resell at $55800 in 2020. Create an excel sheet that asks the user the year of purchase and calculates the resale value of the car in 2020.
Answer:
Explanation:
The excel was created. The User has to enter the year that the vehicle was purchased and it will automatically calculate the resale value of the vehicle where it says "Resale Value in 2020: ". The excel sheet and proof of output is attached below.
I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at retirement?
Answer: $241599.55
Explanation:
The following information can be gotten from the question:
Initial deposit, PV = $0
Rate charged on annuity, RATE= 5%
Number of periods, NPER = 65 - 25 = 40
Annuity payments, PMT = $2000
The amount that'll be gotten at the end of retirement will be gotten after entering the values in a financial calculator and the answer will be:
= $241599.55
Olenka Corporation hires 13 individuals on March 12, 2020, all of whom qualify for the work opportunity credit. Nine of these individuals receive wages of $16,500 during 2020, and each individual works more than 400 hours during the year. The remaining four employees worked 100 hours and earned $2,100 during the year. a. Calculate the amount of Olenka's work opportunity credit. $fill in the blank 1 b. If Olenka pays total wages of $312,000 to its employees during the year, how much of this amount can Olenka deduct, 2020, assuming the work opportunity credit is taken
Answer:
a. $21,600
b. $290,400
Explanation:
a. The amount of work opportunity credit that can be claimed is subject to a limit of $6,000. 40% can be claimed for those who work 400 hours and above and none can be claimed for those who worked fewer than 120 hours.
= 9 employees * 6,000 limit * 40%
= $21,600
b. Deductible amount is:
= Total wages - Work opportunity tax credit
= 312,000 - 21,600
= $290,400
arget Profit Scrushy Company sells a product for $150 per unit. The variable cost is $110 per unit, and fixed costs are $200,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $50,000. a. Break-even point in sales units fill in the blank 1 units b. Break-even point in sales units if the company desires a target profit of $50,000 fill in the blank 2 units
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price per unit= $150
The variable cost is $110 per unit, and fixed costs are $200,000.
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 200,000 / (150 - 110)
Break-even point in units= 5,000 units
Now, the desired profit is $50,000:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (200,000 + 50,000) / 40
Break-even point in units= 6,250
help asap please:)))!!!
Answer:
number 4
Explanation:
i used a calculator
3. An investor shorts 100 shares when the share price is $20 and closes out the position six months later when the share price is $18.2. The shares pay a dividend of $0.2 per share during the six months. How much does the investor gain or lose (losses are indicated by a negative sign and profits by a plus sign)
Answer:
$160
Explanation:
Calculation to determine How much does the investor gain or lose
Investor gain =[($20-$18.2)*100 Shares]- ($0.2*100 shares)
Investor gain=($1.8*100 shares)-($0.2*100 shares)
Investor gain=$180-$20
Investor gain=$160
Therefore The amount that the investor gain is $160
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Answer:
happy birthday dude or girrrrrllll
Which structure is used to supply customers (often other MNEs) in a coordinated and consistent way across various countries
Answer:
Global account structure.
Explanation:
Global account structure can be regarded as structure that enables the account that has been globally standardised or having compatible products as well as services in various locations at internationally level. Global Account Management enables Global account managers to navigate along with their teams the internal as well as external challenges. It should be noted that structure used to supply customers (often other MNEs) in a coordinated and consistent way across various countries is Global account structure.
Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2376 6-months forward 1.2357 Japan Yen 100.3200 6-months forward 100.0600 U.K. Pound .6793 6-months forward .6780 Suppose interest rate parity holds, and the current six month risk-free rate in the United States is 3 percent. Use the approximate interest rate parity equation to answer the following questions. a. What must the six-month risk-free rate be in Australia
Answer:
A. 3.00%
B. 2.99%
C. 2.99%
Explanation:
A. Calculation to determine What must the six-month risk-free rate be in Australia
As per Interest Rate Parity:-
Forward Rate/Spot Rate = Interest in Australia/ Interest In USA
1.2357/1.2376=Interest in Australia/0.03
Hence,
Interest in Australia=1.2357*0.03/1.2376
Interest in Australia= 2.995%
Interest in Australia=3.00%
Therefore What must the six-month risk-free rate be in Australia is 3.00%
B. Calculation to determine What must the six-month risk-free rate be in Japan
Forward Rate/Spot Rate = Interest in Japan/ Interest In USA
100.0600/ 100.3200 =Interest in Japan/0.03
Hence,
Interest in Japan =100.0600 *0.03/ 100.3200
Interest in Japan= 2.99%
Therefore What must the six-month risk-free rate be in Japan is 2.99%
3. Calculation to determine What must the six-month risk-free rate be in Great Britain
Forward Rate/Spot Rate = Interest in Great Britain/ Interest In USA
.6780 /.6793=Interest in Great Britain/0.03
Hence,
Interest in Great Britain= .6780*0.03/0.6793
Interest in Great Britain=2.99%
Therefore What must the six-month risk-free rate be in Great Britain is 2.99%
Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $60 per unit. Budgeted sales for the next three months follow. January February March Sales in units 1,400 2,200 1,300 Prepare a sales budget for the months of January, February, and March.
Answer and Explanation:
The preparation of the sales budget for the months of January, February, and March is presented below;
Particulars bud unit sales bud unit price bud total sales
january 1400 $60 $84,000
february 2200 $60 $132,000
march 1300 $60 $78,000
total for the quarter 4,900 $60 $294,000
Assume that at the end of 2020, Clampett, Incorporated (an S corporation) distributes property (fair market value of $40,000, basis of $5,000) to each of its four equal shareholders (aggregate distribution of $160,000). At the time of the distribution, Clampett, Incorporated, has no corporate earnings and profits and J.D. has a basis of $50,000 in his Clampett, Incorporated, stock. What is J.D.'s stock basis after the distribution
Answer:
$45,000
Explanation:
Calculation to determine J.D.'s stock basis after the distribution
Using this formula
J.D.'s stock basis=Original basis+distributive share of the gain on the distribution -Distribution
Let plug in the formula
J.D.'s stock basis=$50,000+($40,000-$5,000)-$40,000
J.D.'s stock basis= $50,000 + $35,000 − $40,000
J.D.'s stock basis= $45,000
Therefore J.D.'s stock basis after the distribution
is $45,000
1. What factors contributed to the success of Mavi Jeans?
Answer:
mavi jeans sold in special store around 50 countries. Those jeans also sold in 280 retail stores . Mavi having a very great "menu" approach by using product mix.
pls Mark me as brainliest trust me...
ABC firm purchased 100 food processors in 2019. By the end of 2019, there are 50 of them not sold yet. The purchased price of the food processors is $120. On Dec. 31 2019, this type of food processor only sells $100. What should the accounts do with the price change?
Answer:
Debit 1,000 cost of goods sold.
Explanation:
Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.
Dr Costs of goods sold $1,000
Cr Inventory $1,000
[($50*$120)-($50*$100)]
(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)
WAX-D Inc. has a division that manufactures a component that sells for $150 and has a variable cost of $45. Another division of the company wants to purchase the component. Fixed cost per unit of component is $25. What is the minimum transfer price if the division is operating below its capacity
Answer: $70
Explanation:
If the division producing the component is operating below its capacity then it means that supplying the division that needs the component will not lead to opportunity costs in terms of foregone orders from outside the company for the component.
In such a case, the transfer price from one department to another should be the cost of producing the good which in this case is:
= Variable cost per unit + Fixed cost per unit
= 45 + 25
= $70
Cosmo breaks his fly rod while fly fishing in a remote area of Colorado. He goes to the local fly shop to buy a new rod, expecting to pay a considerable mark-up over the price he would pay at home in California. To his surprise, the price is exactly the same as at home. This is most likely due to
Answer:
Uniform pricing policy
Explanation:
Uniform pricing policy exists when a particular product has a uniform price across different markets and locations.
This was implemented by some businesses because of negative reactions from customers that resulted in decrease in sand in the long term.
When uniform price is used customers are confident prices will be the same anywhere.
In the given scenario Cosmos goes to the local fly shop to buy a new rod, expecting to pay a considerable mark-up over the price he would pay at home in California. To his surprise, the price is exactly the same as at home.
This is an example of uniform pricing.
The opposite of this is differential pricing where discrimination plays a part in product price
Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvantages of his new car as he learned more about other cars available. Bill is experiencing ________.a. postpurchase cultureb. selective perceptionc. information evaluationd. postpurchase cognitive dissonancee. purchase decision
Answer:
cognitive dissonance
Explanation:
Cognitive dissonance defines the situation where it includes the attitudes i.e. conflicted, behaviors, etc. It generated the mental discomfort feeling that would result in change in the attitude, belief, etc in order to decreased the discomfort also at the same time it would restore the balance
Therefore as per the given situation, it is cognitive dissonance
Menlove Corporation has provided the following cost data for last year when 100,000 units were produced and sold:
Raw materials $200,000
Direct labor 100,000
Manufacturing overhead 200,000
Selling and administrative expense 150,000
All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:
a. $450,000
b. $385,000.
c. $405,000.
d. $605,000
Answer:
Net operating income= $405,000
Explanation:
First, we need to calculate the unitary variable cost:
Total variable cost= 650,000 - 100,000 - 100,000= $450,000
Unitary variable cost= 450,000 / 100,000
Unitary variable cost= $4.5
Total fixed cost= 100,000 + 100,000= $200,000
Now, the net operating income for 110,000 units:
Sales= 10*110,000= 1,100,000
Total variable cost= 110,000*4.5= (495,000)
Total contribution margin= 605,000
Total fixed cost= 200,000
Net operating income= $405,000
Colorado Business Tools manufactures calculators. Costs incurred in making 9,940 calculators in February included $29,350 of fixed manufacturing overhead. The total absorption cost per calculator was $10.70.
Required:
a. Calculate the variable cost per calculator.
b. The ending inventory of pocket calculators was 750 units higher at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would operating income for the month of February be different under variable costing than under absorption costing?
c. Express the pocket calculator cost in a cost formula.
Answer and Explanation:
The computation is shown below:
a)
Fixed manufacturing overhead per unit is
= $29,350 ÷ 9,940
= $2.95 per unit
Now
Variable cos per calculator is
= $10.70- $2.95
=$ 7.75 per calculator
b)Variable costing income will be lower by
= 750 units × $2.95
= $2,213
= Fixed cost + n × variable cost per calculator
c) The Cost formula (y) is
= $29,350 + 7.75 x
BC County opens a solid waste landfill that it expects to fill to capacity gradually over a 40-year period. At the end of the first year, it is 6 percent filled. At the end of the second year, it is 15 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached 90 percent of its capacity.
Required:
What is true for the Year 2 government-wide financial statement?
Answer:
Expense will be $90,000 and liability will be $150,000
Explanation:
Year 2 liability is :
$1,000,000 * 15% = $150,000
Year 1 liability is :
$1,000,000 * 6% = $60,000
Expense for year 2 :
Year 2 liability - Year 1 liability
$150,000 - $60,000 = $90,000
the month-end bank stataement of der torossian incorporated shows a balance of 36,500, deposits in transit are 6500 outstanding checks are 12000. there also shows a credit memo of 1,000 for the interest income collected on a note recievable. the adjusted balance per bank at month end is
Answer:
$31,000
Explanation:
Calculating the adjusted balance per bank at month end.
Details Amount
Unadjusted Balance $36,500
Add: Deposits in Transit $6,500
Less: Outstanding Checks $12,000
Adjusted Balance $31,000
Why south African post office taking private courier companies to court
Answer:
the south Africa post office (SAPO)
Use the following Balance Sheet and Income Statement data of Bronson Corporation to calculate its debt to total assets ratio as of December 31, 2017:
Current assets $9,000 Net income $70,000
Current liabilities 4,000 Common stock 10,000
Average assets 28,000 Total liabilities 6,000
Total assets 30,000 Retained earnings 20,000
Write your response rounded to the nearest whole number only.
Answer:
20 %
Explanation:
The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.
Debt to Total Assets ratio = Total debt / Total Assets x 100
therefore,
Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %
thus,
The debt to total assets ratio as of December 31, 2017: 20 %
Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the budgeted cost per unit of supplying capacity was $42. Practical capacity was set at 10,000 units with theoretical capacity at 14,000 units. During the period, only 4,000 units were produced while the master budget assumed that the company would produce 9,000 units. What is the value of the manufacturing resources NOT used during the period
Answer:
the value of the manufacturing resources not used is $252,000
Explanation:
The computation of the value of the manufacturing resources not used is shown below
= (practical capacity - number of units produced) × budgeted cost per unit of supplying capacity
= (10,000 units - 4,000 units) × $42
= 6,000 units × $42
= $252,000
Hence, the value of the manufacturing resources not used is $252,000
Diego owns 1,000 shares of Carmen. If Carmen Company issues an additional 100,000 shares of common stock, how many additional shares does Diego have the opportunity to buy
Answer:
Number of additional shares Diego has the opportunity to buy is 500 shares.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Carmen Company has the following equity amounts and no dividends in arrears.
Preferred stock, $1,000 par $24 million
Common stock, $100 par $20 million
Paid-in capital in excess of par $36 million
Retained earnings $18 million
Diego owns 1,000 shares of Carmen. If Carmen Company issues an additional 100,000 shares of common stock, how many additional shares does Diego have the opportunity to buy?
a. 500 b. 1,000 c. 2,000 d. 3,000
The explanation of the answer is now given as follows:
Current number of Carmen's Common stock shares outstanding = Common stock value / Common stock par value = $20,000,000 / $100 = 200,000 shares
Current percentage of Diego ownership in Carmen = Current number of Diego;s shares / Current number of Carmen's Common stock shares outstanding = 1,000 / 200,000 = 0.005, or 0.50%
Number of additional shares Diego has the opportunity to buy = Number of additional shares Camen wants to issue * Current percentage of Diego ownership in Carmen = 100,000 * 0.50% = 500 shares
onsider the following scenario. Inflation in Argentina pushes the price of Argentine wine up 25%. Inflation in the United States pushes the price of California wine up 10%. If the exchange rate remains constant, the U.S. demand for wine from Argentina a. decreases. b. increases. c. remains constant. d. California wine is better than Argentine wine, so there never is a U.S. demand for wine from Argentina.
Answer:
If the exchange rate remains constant, the U.S. demand for wine from Argentina
a. decreases.Explanation:
Since the inflation rate in Argentina is much higher than the inflation rate in the United States, the price of Argentinean wine will increase in its domestic currency, the Argentinean peso. If the exchange rate is fixed, then Argentinean wine will become more expensive. As a good becomes more expensive, its demand tends to decrease.
Moss County Bank agrees to lend the Wildhorse Co. $650000 on January 1. Wildhorse Co. signs a $650000, 6%, 9-month note. What is the adjusting entry required if Wildhorse Co. prepares financial statements on June 30
Answer:
Debit : Interest charge $26,000
Credit : Note Payable $26,000
Explanation:
The interest charge for the 6 months expired on the note is the adjustment required.
Interest charge = $650000 x 6% x 6/9 = $26,000
therefore,
the adjusting entry required if Wildhorse Co. prepares financial statements on June 30 is :
Debit : Interest charge $26,000
Credit : Note Payable $26,000
Fill in the missing amounts.
Crane Company Sheridan Company
Sales revenue $94,200 $enter a dollar amount Sales returns and allowances enter a dollar amount $ 3,000 Net sales 80,200 100,000 Cost of goods sold 54,200 enter a dollar amount Gross profit $enter a subtotal of the two previous amounts 50,000 Operating expenses 14,700 enter a dollar amount Net income $enter a total net income 15,600
Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%. )
Crane Company Sheridan Company
Profit margin
Gross profit rate
SHOW LIST OF ACCOUNTS
LINK TO TEXT LINK TO TEXT
Answer:
Find my analysis below
Explanation:
The gross profit rate is the portion of net sales earned as gross profit prior to considering operating expenses as indicated by the formula below:
gross profit rate=gross profit/net sales
The profit margin measures the net income as a percentage of net sales
profit margin=net income/net sales
Crane company Sheridan company
Sales revenue $94,200 $103,000
sales returns and allowance $14,000 $3,000
Net sales $80,200 $100,000
cost of goods sold $54,200 $50,000
Gross profit $26,000 $50,000
Operating expenses $14,700 $34,400
Net income $11,300 $15,600
Gross profit rate=gross profit /net sales 32.4% 50.0%
Profit margin=net income/net sales 14.1% 15.6%
Crane company Sheridan company
Sales revenue 94200 =F5+F4
sales returns and allowance =E3-E5 3000
Net sales 80200 100000
cost of goods sold 54200 =F5-F7
Gross profit =E5-E6 50000
Operating expenses 14700 =F7-F9
Net income =E7-E8 15600
Gross profit rate=gross profit /net sales =E7/E5 =F7/F5
Profit margin=net income/net sales =E9/E5 =F9/F5
"S Company reported net income for 2021 in the amount of $460,000. The company's financial statements also included the following: Increase in accounts receivable $ 75,000 Decrease in inventory 62,000 Increase in accounts payable 230,000 Depreciation expense 103,000 Gain on sale of land 147,000 What is net cash provided by operating activities under the indirect method?"
Answer:
$633,000
Explanation:
Calculation to determine net cash provided by operating activities under the indirect method
Using this formula
Net cash provided by operating activities=Net income-(+Increase in accounts receivable)-(-Decrease in inventory )+Increase in accounts payable+Depreciation expense -Gain on sale of land
Let plug in the formula
Net cash provided by operating activities=$460,000 -(+$75,000)-(-$62,000) + $230,000 +$103,000 - $147,000
Net cash provided by operating activities=$633,000
Therefore net cash provided by operating activities under the indirect method is $633,000