Which is not an example of an intangible products? 1) Music downloads 2) t-shirt 3) online video game 4) software

Answers

Answer 1

Answer:

The second option, a t-shirt.

Explanation:

Tangible means something that is "perceptible by touch."

If you can touch something and feel it, it's tangible.

Answer 2

Answer:

[tex]\boxed {\tt 2. \ T-shirt}[/tex]

Explanation:

This question asks us which is not an example of an intangible product. We need to find the object that is tangible. Let's define the words and examine our answer choices.

A tangible product is a physical object that can be touched, while an intangible product is a product that cannot be touched.

Music downloads, online video games, and software are all intangible. They cannot be touched, as they are all virtual.

A t-shirt is a tangible product that can be touched.

Therefore, the correct answer is 2. T-shirt


Related Questions

Manufacturer A has a profit margin of 2.0%, an asset turnover of 1.7 and a liabilities-to-assets ratio of 0.8. Manufacturer B has a profit margin of 2.3%, an asset turnover of 1.1 and an equity multiplier of 4.7. How much asset turnover should manufacturer B have to match manufacturer A's ROE

Answers

Answer:

1.54

Explanation:

The computation of the asset turnover for manufacturer B to match with the manufacturer A is shown below:

As we know that

Return on equity = profit margin × asset turnover × gearing

2 × 1.7 × 4.9 = 2.3 ×  Asset tunover × 4.7

After solving this, the asset turnover is 1.54 times

So it should be 1.54 for matching

Also, we assume that there is an equity multiplier for manufacturer A of 4.9 instead of liabilities-to-assets ratio so we considered the same in the above computation part

Question 2 of 10
What are two types of strategies businesses use to directly influence the
environment?
A. Social media and strategic financing
B. Social media and rebranding
C. Formal organizational structure and informal organization
D. Lobbyists and flames

Answers

Answer:social media and strategic financing

Explanation:

Apex

After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and paid qualified higher education expenses for her daughter in the amount of $3,000. How much interest will Donna be required to include in her gross income this year

Answers

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

Which of the following brand names lacks an inherent meaning?a. Coca-Colab. Nike

c. Trump Towersd. Geek Squad

Answers

The answer is c Trump Tower. Because it is not considered a brand while Coca-Cola, Nike, and Geek Squad all are brands from companies. While Trump Tower is a building.

Hope this helps ! <3

You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to make money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning of your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses. 1. Will you be able to meet your goal at this current saving rate? 2. What percentage of your salary should you save if you want to have exactly your university expenses amount? 3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. 4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.

Answers

Answer:

1. Yes, you will be able to meet your goal at this current saving rate since the Future value of the monthly savings after 5 years of PKR  967,963.40 is greater than Total MBA cost for 2 years of PKR 800,000.

2. Percentage of monthly salary to save = 41%.

3. You will still be able to meet your goal at the saving rate of 5% since the Future value of the monthly savings after 5 years of PKR 850,076.04 is greater than Total MBA cost for 2 years of PKR 800,000. Although, the Future value of the monthly savings after 5 years of PKR 967,963.40 at 10% is higher than the Future value of the monthly savings after 5 years of PKR 850,076.04 at 5% saving rate.

4. I would choose the saving rate of 10% monthly compounding. The reason is that the Future value of the monthly savings after 5 years at 10% semiannual compounding saving rate of PKR 967,963.40 is greater than the Future value of the semiannual savings after 5 years at 10.5% saving rate semiannual compounding of PKR 954,422.88 by an amount of PKR 13,540.52 (i.e. PKR 967,963.40 - PKR 954,422.88 = PKR 13,540.52).

Explanation:

Monthly salary = PKR 25,000

Monthly savings = PKR 25,000 * 50% = PKR 12,500

Annual MBA cost = PKR 400,000

Total MBA cost for 2 years = PKR 400,000 * 2 = PKR 800,000

1. Will you be able to meet your goal at this current saving rate?

To determine this, the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV = Future value of the monthly savings after 5 years =?

M = Monthly savings = PKR 12,500

r = Monthly interest rate = 10% / 12 = 0.10 /12 = 0.00833333333333333

n = number of months the savings will be made = 5 year * 12 months = 60

Substituting the values into equation (1), we have:

FV = 12,500 * (((1 + 0.00833333333333333)^60 - 1) / 0.00833333333333333)

FV = 12,500 * 77.4370721734302

FV = PKR 967,963.40

Yes, you will be able to meet your goal at this current saving rate since the Future value of the monthly savings after 5 years of PKR  967,963.40 is greater than Total MBA cost for 2 years of PKR 800,000.

2. What percentage of your salary should you save if you want to have exactly your university expenses amount?

To determine this, we still make use of equation (1) in part (1) above by changing Future value of the monthly savings after 5 years (FV) to PKR 800,000 while other values remains the same and solve for Monthly savings (M) after substituting the values into equation (1) follows:

800,000 = M * (((1 + 0.00833333333333333)^60 - 1) / 0.00833333333333333)

800,000 = M * 77.4370721734302

M = 800,000 / 77.4370721734302

M = PKR 10,330.97

Percentage of salary to save = M / Monthly salary = PKR 10,330.97 / PKR 25,000 = 0.41323876409392, or 41%

3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer.

We use equation (1) is part 1, retain all the other values except r which is obtained as follows:

r = Monthly interest rate = 5% / 12 = 0.05 / 12 = 0.00416666666666667

Substituting the values into equation (1), we have:

FV = 12,500 * (((1 + 0.00416666666666667)^60 - 1) / 0.00416666666666667)

FV = 12,500 * 68.0060828408433

FV = PKR 850,076.04

You will still be able to meet your goal at the saving rate of 5% since the Future value of the monthly savings after 5 years of PKR 850,076.04 is greater than Total MBA cost for 2 years of PKR 800,000. Although, the Future value of the monthly savings after 5 years of PKR 967,963.40 at 10% is higher than the Future value of the monthly savings after 5 years of PKR 850,076.04 at 5% saving rate.

4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.

From part 1 above, the Future value of the monthly savings after 5 years at 10% saving rate monthly compounding is PKR 967,963.40.

To obtain the Future value of the monthly savings after 5 years at 10.5% semiannual compounding saving rate, we use equation (1) with changes in definitions to semiannual where:

FV = Future value of the semiannual savings after 5 years =?

M = Semiannual total savings = Monthly saving * 6 months = PKR 12,500 * 6 = PKR 75,000

r = Semiannual interest rate = 10.5% / 2 = 0.105 / 2 = 0.0525

n = number of semiannual the savings will be made = 5 year * 2 semiannuals = 10 semiannuals

Substituting the values into equation (1), we have:

FV = 75,000 * (((1 + 0.0525)^10 - 1) / 0.0525)

FV = 75,000 * 12.7256383972991

FV = PKR 954,422.88

Therefore, I would choose the saving rate of 10% monthly compounding.

The reason is that the Future value of the monthly savings after 5 years at 10% semiannual compounding saving rate of PKR 967,963.40 is greater than the Future value of the semiannual savings after 5 years at 10.5% saving rate semiannual compounding of PKR 954,422.88 by an amount of PKR 13,540.52 (i.e. PKR 967,963.40 - PKR 954,422.88 = PKR 13,540.52).

Rick and Jose gain new market information regarding a potential entrepreneurial opportunity. Despite the fact that both of them have gained access to this new information, only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity. What is this an example of

Answers

Incomplete. Here are the options;

A.  information asymmetry

B.  information assurance

C.  information reliability

D.  information asset  

E.  social networking

Answer:

A.  information asymmetry

Explanation:

The concept of Information asymmetry involves a situation where one party in a relationship has more or better information than the other party.

In this case, there exists a party with more (additional) information than the other, hence it is a good example of information asymmetry.

The given description most likely exemplifies the situation of:

A).  Information Asymmetry

'Information Asymmtery' is characterized as the terminology that is employed to denote the transactions(holding between two parties) that involve one party(buyer or seller) possessing comparatively more or added information than the other party. In the given scenario, one party possessing extra information regarding the other competitors' hunt on this newly available opportunity would be characterized as 'Information Asymmetry.' Therefore, this correctly exemplifies the concept.

Thus, option A is the correct answer.

Learn more about 'Entrepreneur' here:

brainly.com/question/3624674

You purchased a share of stock for $20. One year later you received $1 as a dividend and sold the share for $29. What was your holding-period return?
a. 45%.
b. 30%.
c. 5%.
d. 40%.
e. none of the above.

Answers

Answer:

e. none of the above.

Explanation:

Holding period return = ($1 + $29 - $20) / $20

Holding period return = 0.50

Holding period return = 50%

A stock that sold for ​$ per share at the beginning of the year was selling for ​$ at the end of the year. If the stock paid a dividend of ​$ per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend.

Answers

Answer:

137.77%

Explanation:

obviously the numbers are missing, so I looked for a similar question:

"A stock that sold for ​$26 per share at the beginning of the year was selling for ​$52 at the end of the year. If the stock paid a dividend of ​$9.82 per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend."

total interest received (your gain) = (year end market value - purchase price) + dividends received = ($52 - $26) + $9.82 = $35.82initial investment (purchase price) = $26

simple interest rate of return on investment = total interest received / initial investment = $35.82 / $26 = 1.3777 or 137.77%

Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase.

Answers

Explanation:

55 to 65-Year-Old’s Budget

Particular            Per month

Housing                    $554

Food                         $245

Healthcare                $500

Pensions                    $350

Entertainment            $118

Transportation           $247

Cash                           $155

Other                          $94

4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would be non-deductible in the computation of the firm’s taxable income. Transaction 2 requires a cash outlay of $13,500, all of which would be a deductible expense. Determine which transaction has the lesser after-tax cost, assuming: a) Firm E’s marginal tax rate is 20 percent. b) Firm E’s marginal tax rate is 40 percent.

Answers

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $15,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (

Answers

Answer:

Difference= $1,707.72

Explanation:

Giving the following information:

First City Bank pays 6 percent simple interest on its savings account balances

Second City Bank pays 6 percent interest compounded annually.

Investment= $15,000

n= 8

To calculate the future value of investing in First City, we need to use the following formula:

FV= PV*(1+i*n)

FV= 15,000*(1+0.06*8)

FV= $22,200

To calculate the future value of investing in Second City, we need to use the following formula:

FV= PV*(1+i)^n

FV= 15,000*(1.06^8)

FV= $23,907.72

The difference between banks:

Difference= 23,907.72 - 22,200= $1,707.72

Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after reviewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Is she correct?

Answers

Answer: B :  No, approval by an individual other than the requestor establishes greater accountability over inventory.

Explanation:

The purpose of reviewing the material requisition slips is to ensure that there is greater accountability in inventory acquisition and this is why it is important that someone else apart from the person requesting approves the inventory request as it will reduce chances of fraud.  

If the person requesting could also approve, there is a chance that inventory that is not needed will be ordered and then used for purposes other than to benefit the business but to benefit the person who requested it.

Shares Remaining After Recapitalization Dye Trucking raised $290 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.5. If Dye had 75 million shares of stock before the recap, how many shares does it have after the recap? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answer to two decimal places. million shares

Answers

Answer: 40.8824 million

Explanation:

From the question, we are informed that Dye Trucking raised $290 million in new debt and used this to buy back stock and that after the recap, Dye's stock price is $8.5.

If Dye had 75 million shares of stock before the recap, the number of shares that it'll have after the recap goes thus:

The number of shares repurchased is:

= $290million/$8.5

= 34,117,647

= 34.1176 million

Shares after the recap will now be:

= 75 million - 34.1176 million

= 40.8824 million

SDJ, Inc., has net working capital of $3,640, current liabilities of $5,430, and inventory of $4,290. a. What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer and Explanation:

The computation is shown below:

a. For current ratio

Current ratio = Current assets ÷ current liabilities

Before that first determine the current assets

As we know that

Net working capital = Current asset - Current liability

$3,640 = Current asset - $5,430

So,

Current asset is

= $3,640 + $5,430

= $9,070

Now the current ratio is

= $9,070 ÷ $5,430

= 1.67 times

b. The quick ratio is

Quick ratio = (Current asset - Inventory) ÷  Current liability

= ($9,070 - $4,290)÷  $5,430

= $4,780 ÷ $5,430

= 0.88 times

Suitable options to solve the financial problem of a restaurant owner

Answers

Answer:SBA Loans for Restaurants. ...

Restaurant Equipment Financing. ...

(Unsecured or Secured) Business Lines of Credit. ...

Unsecured Restaurant Business Loans. ...

Restaurant Cash Advances.

Explanation:

At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $46 million. At the time of purchase, the carrying value of Sky Tech's net assets was $62 million. The fair value of Sky Tech's depreciable assets was $10 million in excess of their book value. For this year, Sky Tech reported a net income of $62 million and declared and paid $10 million in dividends. The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:

Answers

Answer:

The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is $2,500,000

Explanation:

The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:

= $10,000,000 * 25%

= $10,000,000 * 0.25

= $2,500,000

A manufacturer of tiling grout has supplied the following data:
Kilograms produced and sold 340,000
Sales revenue $1,910,000
Variable manufacturing expense $956,000
Fixed manufacturing expense $258,000
Variable selling and administrative expense $363,000
Fixed selling and administrative expense $224,000
Net operating income $109,000
The company's contribution margin ratio is closest to:_______.
(A) 49.9%
(B) 81.0%
(C) 30.9%
(D) 74.8%

Answers

Answer:

(C) 30.9%

Explanation:

Calculation for the company's contribution margin ratio

First step is to find the Contribution margin using this formula

Contribution margin = Sales - Variable expenses

Let plug in the formula

Contribution margin = $1,910,000-$1,319,000

Contribution margin = $591,000

Second step is to calculate for the Contribution margin ratio using this formula

Contribution margin ratio= Contribution margin ÷ Sales

Let plug in the formula

Contribution margin ratio = $591,000 ÷ $1,910,000

Contribution margin ratio = 0.309×100

Contribution margin ratio=30.9%

Calculation for Total Variable expenses

Variable manufacturing expense $956,000

Variable selling and administrative expense $363,000

Total $1,319,000

Therefore the Contribution margin ratio will be 30.9%

The company's contribution margin ratio is closest to 30.9%. A company's contribution margin ratio (CM ratio) is determined by dividing revenue by revenue less all variable costs. It stands for the small gain from manufacturing an extra unit. Thus, option C is correct.

The company's contribution margin ratio is calculated as:

Sales minus variable costs equal contribution margin.

formula:

Margin of contribution = $1,910,000 - $1,319,000

Margin of contribution = $591,000

The Contribution margin ratio is calculated in the following step using this formula.

Sales Contribution Margin to Calculate Contribution Margin Ratio

formula:

The ratio of contribution: $591,000 divided by $1,910,000

Contribution margin ratio: 0.309 to one hundred.

The ratio of contribution is 30.9%

Total Variable Expense Calculation

$956,000 in variable manufacturing costs

$363,00 in variable marketing and administrative costs

Total $1,319,000

The Contribution Margin Ratio will thus be 30.9%.

Revenue is less variable costs equal contribution margin. The formula for calculating the contribution margin ratio is (Revenue - Variable Costs) / Revenue.

The contribution margin may not always be a reliable indicator of economic gain.  There may be major fixed costs that businesses must take into account. To ascertain how many units must be sold at what price for a business to break even, a break-even analysis may be necessary.

Learn more about contribution margin here:

https://brainly.com/question/31484547

#SPJ6

Jiminy Cricket Removal has a profit margin of 7.6%, total asset turnover of 1.73, and ROE of 17.2%. What is this firm s debt-equity ratio?

Answers

Answer:

The debt to equity ratio is 30.81%

Explanation:

The computation of the debt equity ratio is shown below:

ROE = Profit margin × Asset turnover × equity multiplier

17.2% = 7.6% × 1.73 × (1 + debt ÷ equity)

17.2 ÷ 13.148  =  (1 + debt ÷ equity)

1.308184 = (1 + debt ÷ equity)

So, after solving this,

hence, The debt to equity ratio is 30.81%

We simply applied the Dupont analysis and the same is to be considered

At the beginning of the call, the team members ask how one another is doing and mention the weather. What piece of advice for virtual meetings does
this best match?

Answers

Answer:

At the beginning of the virtual meeting it is okay to start with small talks such as the weather.

Explanation:

No option was given here so I think the answer is to make room for small talk. Opening up straight with the meetings agenda is not a very good way to start. By using small talks, each member of the meeting would be more open and flow better with the meetings agenda. Before the meeting starts a few minutes of small talk such as these would get everyone warmed up. And members would feel more comfortable.

The piece of advice for virtual meetings does this best match should be like small talks like how was the weather there.

Virtual meeting:

The meeting that should be conducted online is known as the virtual meeting. By starting with the main thing of meeting should not give the good impact.

So its better to start with the small talks so that everyone in the meeting should be feel comfortable first and according to the conversation, the agenda of the meeting should be come with.

learn more about meeting here: https://brainly.com/question/24174650

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 4,600 tons in beginning work in process inventory (70% complete) on October 1. During October, 77,000 tons were completed. The ending work in process inventory on October 31 was 3,900 tons (40% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? 80,900 units

Answers

Answer:

Total equivalent units= 80,900 tons

Explanation:

Giving the following information:

During October, 77,000 tons were completed. The ending work in process inventory on October 31 was 3,900 tons (40% complete).

Because the direct material is added at the beginning of the process, we should not take into account the beginning inventory. It was recognized the previous month.

For direct material, each ton is completed at 100%.

Units completed= 77,000*1 = 77,000

Ending inventory= 3,900*1= 3,900

Total equivalent units= 80,900 tons

If the required reserve ratio is 10 percent, what is the simple deposit multiplier? a. 20 b. 100 c. 5 d. 10

Answers

Answer:

D.) 10

Explanation:

Given the question:

Required reserve ratio equals 10 percent, Calculate the simple deposit multiplier?

Given that :

Reserve ratio (RR) = 10% = 0.1

The simple deposit multiplier is the reciprocal of the required reserve ; mathematically expressed as :

Simple deposit multiplier = 1 / RR

Simple deposit multiplier = 1 / 0.1

Hence simple deposit multiplier = 10

Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines to show targeted ads on her site. Which of these products are likely to be advertised on her website? Please select all answers that apply. Select all that apply.

Answers

Answer:

Gardening gloves

Terracotta planters

Garden scissors

Watering cans

Explanation:

In the context, Helga owns and runs a online business. She has a website where she sells online houseplants. There are various houseplants available on her site from where people can buy it and get it delivered to their house.

She also makes earnings by the advertisement of various gardening products whose add runs on her sire and she earns through a pay per click basis. Some of the products that are likely to be advertised in her website are gardening gloves, garden scissors, terracotta planters, watering cans, manures and fertilizers,etc.

At the end of this clip, Neville has defined the degree to which the information he shared has ________ when he says that he is not ready for everyone else to know the information.

Answers

Answer: Boundary permeability

Explanation:

Boundary Permeability is a term in psychology ( as well as other fields such as business and technology) that is meant to describe the amount and limits of information that a person is willing to share with others.

By saying that he is not ready for everyone else to know the information he told the people, he is stating the amount of information he is willing to share with others which means the information has boundary permeability.

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Answers

Answer:

Explanation:

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Which type of factor of production is a road?

Answers

erm it's the goods one so it's secondary

Between quarter 10 and quarter 11, real GDP grew by what percentage?
a. 5%
b. 6%
c. 3%
d. 4%
e. –5%

Answers

Incomplete question.

However, let's assume the real GDP for quarter 10 was  $45,000and for quarter 11 is $47,250.

Answer:

a. 5%

Explanation:

First, remember that the real GDP refers to the total value of all of the final goods and services produced in an economy during a given period (usually a year) after taking into account inflation.

To find the percentage increase, we subtract

$47250-$45,000 = $2250

Next, we find the percentage of the amount on $45,000

$2250/$45000 * 100 = 5%

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $13,400,000. Halifax's merchandise costs is 65% of merchandise selling price. Also during the year, customers returned $661,000 in sales for credit, with $365,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. Required: 1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. 2. What is the amount of the year-end refund liability after the adjusting entry is recorded

Answers

Answer:

actual returns:

refund liabilities      365,000 debit

        cash                     365,000 credit

inventory                 237,250 debit

     inventory-returns  237,250 credit

--returns on the previous year--

refund liabilities       296,000 debit

    account receivables  296,000 credit

inventory                 237,250 debit

      inventory-returns  237,250 credit

--returns in the current year--

192,400

adjusting entry:

sales return              670,000 debit

       refund liability              670,000 credit

inventory-returns      237,250 debit

      cost of goods sold  237,250 credit

--returns in the current year--

Balance of allowance for sales refunds:   409,000

Explanation:

When returning their goods the customer's receivables are canceled.

We also need to calculate the cost of these goods that return to the company's inventory.

365,000 x 65% = 237,250

296,000 x 65% = 192,400

credit-sales: 13,400,000

estimated returns: 5% >> 670,000

estimated  inventory-returns 670,000 x 65% = 435,500

We work with our liabilities and return accounts rather than the cost of good sold and sales returns as these are adjusted at year-end based on credit sales.

Balance:

beginning 400,000

returns      (661,000)

year-end

adjust       670,000

ending       409,000

Which of the following statements about the balance sheet are true? (Select all that apply.)Check All That ApplyA classified balance sheet to provide useful information about liquidity and long-term solvency.A classified balance sheet to provide useful information about liquidity and long-term solvency.Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.Although many valuable resources are not recorded as assets in the balance sheet, these resources are reflected in the company’s book value.Although many valuable resources are not recorded as assets in the balance sheet, these resources are reflected in the company’s book value.The less financial flexibility, the more risk there is that an enterprise will fail.The less financial flexibility, the more risk there is that an enterprise will fail.

Answers

Answer:

These statements are true:

Classified balance sheet to provide useful information about liquidity and long-term solvency.

From balance sheet information, liquidity financial ratios can be made, like current ratio (current assets / current liabiliies), or the acid test (Current assets - inventory / current liabilities).

Liquidity refers to an assessment of whether a company will be able to pay all its liabilities.

Liquidity can be defined as the amount of liquid assets that a company has. Liquid assets are those that can be easily sold and bought in the market without a loss of value. Cash, and cash equivalents are the most important liquid accounts. If a firm has a lot of cash, it is likely to have enough liquidity to pay off its debts in the future.

The other two statements are wrong.

Why is the answer C?

Answers

Explanation:

At a price of $4.00, the quantity is 1 + 5 + 8 = 14.

At a price of $2.00, the quantity is 0 + 3 + 4 = 7.

The quantity decreased by 7. So A and B are false.

Ann's supply curve is linear, so her change in quantity will be proportional to the price change. However, Barry and Charlie have nonlinear supply curves, so their change in quantity will not be proportional. So D is false.

Only C is true. At a price of $2.00, Charlie's quantity is 0.

Several years ago,Doran Corp.issued 100,000 of its $2 par value stock for a total of $800,000.This is the only time that it has sold stock.This year it purchased 1,000 shares of its own stock for $10 a share.As a result of acquiring treasury stock:
A) its stockholders' equity decreases by $10,000.
B) it will recognize a loss of $2,000.
C) its common stock account decreases by $10,000.
D) its retained earnings decrease by $10,00

Answers

Answer:A) its stockholders' equity decreases by $10,000.

Explanation:

Account                     Debit                     Credit

Treasury stock         $10,000

Cash                                                 $10,000

Calculation:

Stock = Shares x Price per share =1000 x $10 = $10,000

Therefore, the stockholders equity will decrease  by $10000.

Hence the correct option is A.

Other Questions
13/24 3 5/9 multtplying fraction help solve for Q-392 = 28q Mercedes takes out a loan for $ 10 , 000 at a simple interest rate of 3.5 % to be paid back in 42 monthly installments. What is the amount of the monthly payments? what 2 numbers have a sum of -10 and a difference of -2? why should ones doctor be aware of their emotional health? A surveyor is surveying a street. The surveyor is standing at point P looking down the street at a No Parking sign at point C and a Stop sign at point R. Given PC = 6x-5 meters, PR = 29 meters, CR = 7 meters, and point C is between P and R, what is xin meters? Complete Jose's responses to his dads questions with the corresponding direct object pronoun and the correct verb form. Dr. Williams found that youth who participated in a program to reduce bullying in schools were less likely to bully or be bullied. The prevalence of bullying in youth was the dependent variable.True or FalseIm falling more on False. I look up the definition of prevalence and it means; the proportion of a population who have a specific characteristic in a given time period. 25x - 10y = -35Helpppp Which of the samples pictured is most likely a nonmetal? WILL GIVE BRAINLIEST Which words describe the form in this artwork?Choose ALL answers that are correct RectanglesSpheresSquaresCylinders 7The [BLANK] cell's function is to send electrical impulses around the body. For which position is a medical degree required?a. paramedicb. coronerc. coroner's assistantd. medical examiner The economy in the New England colonies based on How did the military innovation shown in this photograph affect the course of World War I? [4E, 29H]It helped break the stalemate of trench warfareIt made communications with officers on the front lines possible made the use of land mines obsoleteIt helped transport large numbers of troops to the battlefield please help me I dont have much time left If a numser has an even exponent can it ever be negative when it is simplified?Explain. please help fill in the blanks can you plz help me with this question 2p=74 You have three consecutive odd integers. Four times the smallest decreased by 5 is the same as the largest increased by 12. What is the smallest of the integers?