Answer:
Maybe luck and imitation
(Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are known as ____________ resources. b. Resources that are available only in a fixed amount are ____________ resources. c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the ____________.
Answer:
a. Renewable resources
b. Exhaustible resources
c. Common pool resources
Explanation:
a. Resources for which periodic use can be continued indefinitely are known as renewable resources. These refer to resources which can be reproduced and available over a period of time
b. Resources that are available only in a fixed amount are exhaustible resources. These refer to resources which are available at fixed quantity.
c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the Common pool resources. These refer to renewable resources which can be accessible by everyone.
Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective . There is a high degree of
Answer:
Effective Project leadership
Explanation:
When working on a project together, everyone has to be on the same page regarding the end goals and the means to reach the end goals. A team can only be called effective if every person is result oriented. If everyone in the team has the same level of commitment towards completing their project and thus accomplishing the objective, it is because of a high degree of Effective project leadership. An effective leader has the quality to work with different type of people and also getting the effective results.
what is the significance of operation research in modern management?
Answer:
Operations research is an important method that is used by modern management for solving complex problems under uncertain conditions. Operation research is used in business where the managers need to take risk since there are very few things are certain.
hope it helps!!
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You are bullish on Telecom stock. The current market price is $50 per share, and you have $5,000 of your own to invest. You borrow an additional $5,000 from your broker at an interest rate of 8% per year and invest $10,000 in the stock. (LO 3-4) a. What will be your rate of return if the price of Telecom stock goes up by 10% during the next year
Answer:
12%
Explanation:
Initial investment =$5,000.00
Value of stock with 10%=$10,000*(1+10%)=$11,000
The amount repayable to the broker after one year is the amount borrowed plus interest of 8%
Amount borrowed plus interest= $5,000+( $5,000 *8%)
Amount borrowed plus interest=$5,400
Rate of return=(Value of stock with 10%-Amount borrowed plus interest-equity fund)/amount borrowed
Rate of return=($11,000-$5,400-$5000)/$5,000=12%
Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,000,000 in cash immediately. 2. Pay $420,000 immediately and the remainder in 10 annual installments of $80,000, with the first installment due in one year. 3. Make 10 annual installments of $135,000 with the first payment due immediately. 4. Make one lump-sum payment of $1,500,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at an 8% interest rate. (Round your final answers to nearest whole dollar amount.)
Answer:
the best option is 4 as it have the highest present value
Explanation:
The computation is shown below:
For option 1
PV = $1,000,000
For option 2
PV = $420,000 + $80,000 × PVIFA (8% , 10)
= $420,000 + $80,000 × 6.710
= $956,800
For option 3
PV = $135,000 + $135,000 × PVIFA (8% , 9)
= $135,000 + $135,000 × 6.247
= $978,345
For option 4
PV = $1,500,000 × PVIF (8% , 5)
= $1,500,000 × 0.681
= $1,021,500
So the best option is 4 as it have the highest present value
Which of the following is the most accurate statement about the globalization of markets?
Answer:
many U.S. companies with famous brands are now controlled by global enterprises. U.S. businesses and those of other countries are seeking to expand around the world for many reasons.
Conduct the necessary research to develop the policy using the library and the Internet. Some things that you need to keep in mind while developing this comprehensive policy are the links to the acceptable use policy (AUP), business ethics, and compliance policies. Specific technology issues should include the following: IT domain controls Administrative controls Operational controls Technical controls
Answer:
Not using service if part of law is violated.
Cease of account in case of rules break attempt.
Limit the access according to the designation of employees.
Explanation:
Acceptable use policy is the document which lists the terms and conditions which needs to be agreed to access the corporate network. The AUP included set of rules which must be agreed in order to access the network by user. The documents can includes rules regarding the administrative controls, operational controls and technical controls.
In 2014, a drought in the Midwest raised grain prices, leading to a decline in the size of cattle herds. Ultimately, the price of ground beef rose from about $3 a pound to over $4 by 2015. Demonstrate graphically the effect of the drought on equilibrium price and quantity in the ground beef market.
Answer:
please check the attached image for a graphical representation
Explanation:
As a result of the drought, the supply of ground beef would fall. This would lead to a leftward shift of the demand curve. As a result equilibrium price would rise and equilibrium quantity would fall
Ted, a used car dealer, entered into a written agreement to sell a car to Debra, a sixteen year old high school junior. The agreement provided that Ted would replace any defective parts for one year. Debra agreed to pay Ted $200 per month for three years (which she has done). The age of majority for the jurisdiction is eighteen. After six months, Debra's transmission fails but Ted refuses to replace it. If Debra (or a representative on her behalf) brings a lawsuit against Ted, it is more likely than not that the court will rule
Answer:
d. Debra will prevail, as Ted is bound to the contract
Explanation:
Options are "a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"
The general rule is that a minor can enter into any contract an adult can, provided that the contract is not one prohibited by law for minors such as the sale of alcoholic beverages or tobacco. Debra is a minor (below age of 18) and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is bound to the contract as per the Contract Act. So, Debra can recover because Ted was bound to the agreement. Hence, the correct answer is Debra will prevail, as Ted is bound to the contract.
The correct option is d. Debra will prevail, as Ted is bound to the contract
Contract:Since Debra is a minor and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is responsible to the contract according to the Contract Act. So, Debra can recover because Ted was bound to the agreement.Therefore, the option d is correct.It is an incomplete question. Here is the rest of it
a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"
learn more about the agreement here: https://brainly.com/question/24512113
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
Timber rights on a tract of land were purchased for $1,600,000 on February 22. The stand of timber is estimated at 5,000,000 board feet. During the current year, 1,100,000 board feet of timber were cut and sold.
On December 31, the company determined that $3,750,000 of goodwill was impaired.
Governmental and legal costs of $6,600,000 were incurred on April 3 in obtaining a patent with an estimated economic life of 12 years. Amortization is to be for three-fourths of a year.
Required:
1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. Do not round your intermediate calculations.
Item Impairment, Amortization or Depletion Expense
a. $
b. $
c. $
Hide
2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item.
Solution:
Given :
Timber rights were purchased for = $1,600,000
The stand of the timber is = 5,000,000 board feet
Goodwill impaired by the company = $3,750,000
Timber cut and sold during current year = 1,100,000 board feet
Government legal cost = $6,600,000
Therefore the amount of amortization , depletion and the impairment of the current year for each foregoing item are :
1.
Item Impairment, Amortization or the depletion
a). $ 352,000
b). $ 3,750,000
c). $ 412,500
2. Jornalizing the entries that required to record the depletion, amortization or the impairment of each of the items are :
a). The depletion expense = $ 352,000
Accumulated expense = $ 352,000
b). Loss from the impaired goodwill = $3,750,000
The goodwill = $3,750,000
c). Amortization expenses patent= $412500
Patent = $412500
What are the limitations and constraints that this form of business has on the operations of the Green Bay Packers?
Answer:
Green Bay Packers
The limitations and constraints of a not-for-profit association are:
1. Unlimited liability of the club members: This means that the members could be exposed to personal financial liability arising from their membership of the club. When the club is unable to meet its debt obligations, individual members will be held liable for the remaining debts.
2. An unincorporated association is subject to liquidation at the slightest event. In the event of the members' death, the association will not be able to continue.
3. A unincorporated not-for-profit organization may not be able to attain credibility as much as an incorporated organization. This disadvantage limits its ability to raise external finance.
Explanation:
The Green Bay Packers is a football club under the NFL. It is a not-for-profit association. Therefore, members do not enjoy the benefits arising from limited liability.
Suppose scalpers buy 8,000 tickets and resell them for $100 each. How much profit do the scalpers earn?
Answer: See Explanation
Explanation:
Your question isn't complete but let me help out. Let's assume that Scalpers bought the tickets for $90 each. To find profit, the formula to use is:
= Total revenue - Total cost
Total revenue will be:
= 8000 × $100
= $800,000
Total cost will be:
= 8000 × $90
= $720,000
Profit = Total Revenue - Total cost
= $800,000 - $720,000
= $80,000
Therefore, profit will be $80,000.
The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rate of $10.50 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. LFH Corporation needs to prepare a Direct Labor Budget for the second quarter of next year. The company has budgeted to produce 28,000 units of Product T in June. The finished goods inventories on June 1 and June 30 were budgeted at 800 and 600 units, respectively. Budgeted direct labor costs for June would be:
A. $294,000
B. $441,000
C. $444,150
D. $437,850
Answer:
the budgeted direct labor cost is $441,000
Explanation:
The computation of the budgeted direct labor cost is shown below:
Budgeted direct labor cost
= Budgeted production × hours per unit × rate per hour
= 28,000 units × 1.5 × $10.50
= $441,000
Hence, the budgeted direct labor cost is $441,000
So the correct option is B.
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March. What is company's predetermined overhead rate? How much manufacture overhead was applied to Job P and Job Q? What is the direct labor hourly wage rate? If Job P includes 20 units, what is its unit product cost? What is the total amount of manufacture cost assigned to Job Q as of the end of march (including applied overhead)? Assume the ending raw material inventory is $1,000 and the company does not use and indirect materials. Prepare then journal entries to record raw materials purchases and the issuance of direct materials for use in production. Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. Prepare the journal entry to apply manufacture overhead costs to production. Assume the ending raw material inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Prepare the journal entry to transfer costs from Work in Process to Finished Goods. Prepare a completed work in process T-account including the beginning and ending balance and all debits and credits posted to the account. Prepare a schedule of cost of goods sold. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. What is the amount of underapplied or overapplied overhead. Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. Assume that job P includes 20 units that each sell for $3,000 and that the companys selling and administrative expense is March were $14,000. Prepare an absorption costing income statement for March.
Estimated total fixed manufacture over head $10,000
Estimated variable manufacture overhead per direct labor hour $1.00
Estimated total direct labour hours to be worked 2,000
Total Manufacturing overhead costs incurred $12,500
Job P /Job Q
Direct Material $13,000 /$8,000
Direct Labor Cost $21,000 /$7,500
Actual Direct Labor-hours worked 1,400 /500
Answer:
Sweeten Company
1. Predetermined overhead rate is:
= $6.00 per DLH
2. Manufacturing overhead applied to Job P and Job Q:
Job P Job Q
= $8,400 $3,000
3. The direct labor hourly wage rate:
= $15 per DLH
4. If Job P includes 20 units, its unit product cost is:
= $2,120
5. The total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead):
= $3,000
6. Assuming the ending Raw Material Inventory = $1,000, Journal Entries to record Raw Materials Purchases and the Issuance of Direct Materials for use in production:
Debit Raw Materials Inventory $22,000
Credit Accounts Payable/Cash $22,000
To record the purchase of raw materials.
Debit Work in Process $21,000
(Job P $13,000
Job Q $8,000)
Credit Raw Materials Inventory $21,000
To record the issuance of raw materials to Work in Process.
7. Assuming no indirect labor, Journal Entry to record the direct labor costs added to production:
Debit Job P $21,000
Debit Job Q $7,500
Credit Factory Wages $28,500
To record direct labor costs to production.
8. Journal Entry to apply manufacturing overhead costs to production:
Debit Job P $8,400
Debit Job Q $3,000
Credit Manufacturing overhead $11,400
To apply manufacturing overhead costs to production.
9. Assuming the ending raw material inventory is $1,000, A Schedule of Cost of Goods Manufactured:
Job P
Direct Material $13,000
Direct Labor Cost 21,000
Manufacturing Overhead applied 8,400
Total cost of goods manufactured $42,400
10. Journal entry to transfer costs from Work in Process to Finished Goods:
Debit Finished Goods Inventory $42,400
Credit Work in Process: Job P $42,400
To transfer costs from WIP to Finished Goods.
11. Work in Process T-account with beginning and ending balance
Work in Process
Account Titles Debit Credit
Beginning balance $0
Direct Material $21,000
Direct Labor Cost 28,500
Manufacturing overhead 11,400
Finished Goods Inventory $42,400
Balance 18,500
Totals $60,900 $60,900
12. A Schedule of Cost of Goods Sold:
Unit of Goods Sold = 20
Unit cost = $2,120
Cost of goods sold = $42,400
13. Journal Entry to transfer costs from Finished Goods to Cost of Goods Sold:
Debit Cost of Goods Sold $42,400
Credit Finished Goods Sold $42,400
To transfer costs from Finished Goods to Cost of Goods Sold.
14. The amount of underapplied or overapplied overhead:
= $1,100
15. Journal Entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold:
Debit Cost of Goods Sold $1,110
Credit Manufacturing Overhead $1,110
To close the amount of underapplied overhead to Cost of Goods Sold.
16. Assuming Job P includes 20 units that each sell for $3,000 and that the company's selling and administrative expense is March were $14,000, Absorption Costing Income Statement for March:
Sales Revenue $60,000
Cost of Goods Sold 43,500
Gross profit $16,500
Selling and
Administrative
Expense 14,000
Net Income $2,500
Explanation:
a) Data and Calculations:
Predetermined overhead rate is based on direct labor hours
Estimated total fixed manufacturing overhead $10,000
Estimated variable manufacturing overhead per direct labor hour $1.00
Estimated total direct labour hours to be worked 2,000
Total Manufacturing overhead costs incurred $12,500
Job P Job Q Total Cost
Direct Material $13,000 $8,000 $21,000
Direct Labor Cost $21,000 $7,500 28,500
Actual Direct Labor-hours worked 1,400 500
Applied manufacturing overhead 1,400 * $6 500 * $6
= $8,400 $3,000 $11,400
Total $60,900
Predetermined overhead rate = $10,00/2,000 = $5 + $1 = $6
Direct labor wage rate = $21,000/1,400 = $15 per DLH
Unit Cost of Job P if 20 units:
Direct Material $13,000
Direct Labor Cost $21,000
Manufacturing overhead $8,400
Total costs = $42,400
Unit cost = $42,400/20 = $2,120
Raw materials used in production = $21,000
Ending raw materials 1,000
Purchase of raw materials $22,000
Underapplied or Overapplied Overhead:
Actual manufacturing overhead incurred = $12,500
Manufacturing overhead applied 11,400
Underapplied overhead = $1,100
Sales Revenue = $3,000 * 20 = $60,000
A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two investments is better in the long term?
What document design strategy would improve the readability and comprehension of this passage?
. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today, then how large will the annual payment be
Answer:
The annual scholarship payment = $5,693.25
Explanation:
Data Given:
In this question, we are required to calculate the future value up till 9th year and then
Donating Amount = $100,000
Time period = 9 years
Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.
So, the interest we use will be = 4%
Formula for the future value:
FV = Present Value [tex](1 + r)^{n}[/tex]
Present value = $100,000
n = 9 years
r = 4% = 0.04
FV = 100,000 [tex](1 + 0.04)^{9}[/tex]
FV = 100,000 x 1.4233118
FV = Future Value = $142,331.18
The annual scholarship payment = FV * r
The annual scholarship payment = 142,331.18 * 0.04
The annual scholarship payment = 5,693.247
The annual scholarship payment = $5,693.25
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,200 $ 35,250 $ 37,000 Accounts receivable, net 88,400 62,000 49,000 Merchandise inventory 111,000 81,200 53,500 Prepaid expenses 10,800 9,300 4,800 Plant assets, net 280,000 254,000 225,000 Total assets $ 520,400 $ 441,750 $ 369,300 Liabilities and Equity Accounts payable $ 129,200 $ 75,500 $ 51,200 Long-term notes payable secured by mortgages on plant assets 96,000 100,750 81,800 Common stock, $10 par value 163,000 163,000 163,000 Retained earnings 132,200 102,500 73,300 Total liabilities and equity $ 520,400 $ 441,750 $ 369,300 The company’s income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 725,000 $ 550,000 Cost of goods sold $ 449,500 $ 341,000 Other operating expenses 232,000 126,500 Interest expense 11,200 13,000 Income tax expense 9,350 8,525 Total costs and expenses 702,050 489,025 Net income $ 22,950 $ 60,975 Earnings per share $ 1.41 $ 3.74 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
Answer:
Simon Company
a) Return on total assets:
For Year Ended December 31, Current Yr 1 Yr Ago
Return on total assets = 4.41% $13.8%
b) Based on the return on total assets, Simon's operating efficiency worsened in the Current Year versus 1 Year Ago because ROA reduced from 13.8% to 4.41%.
Explanation:
a) Data and Calculations:
Simon Company’s year-end balance sheets follow.
At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 30,200 $ 35,250 $ 37,000
Accounts receivable, net 88,400 62,000 49,000
Merchandise inventory 111,000 81,200 53,500
Prepaid expenses 10,800 9,300 4,800
Plant assets, net 280,000 254,000 225,000
Total assets $ 520,400 $ 441,750 $ 369,300
Liabilities and Equity
Accounts payable $ 129,200 $ 75,500 $ 51,200
Long-term notes payable secured by mortgages
on plant assets 96,000 100,750 81,800
Common stock,
$10 par value 163,000 163,000 163,000
Retained earnings 132,200 102,500 73,300
Total liabilities and
equity $ 520,400 $ 441,750 $ 369,300
The company’s income statements for the Current Year and 1 Year Ago, follow.
For Year Ended December 31, Current Yr 1 Yr Ago
Sales $ 725,000 $ 550,000
Cost of goods sold $ 449,500 $ 341,000
Other operating expenses 232,000 126,500
Interest expense 11,200 13,000
Income tax expense 9,350 8,525
Total costs and expenses 702,050 489,025
Net income $ 22,950 $ 60,975
Earnings per share $ 1.41 $ 3.74
Return on Total Assets:
For Year Ended December 31, Current Yr 1 Yr Ago
Net income $ 22,950 $ 60,975
Total assets $ 520,400 $ 441,750
Return on total assets = 4.41% $13.8%
what is another factor that would be good to consider before choosing a career cluster?
Answer: whether that career cluster is needed in the local economy
Explanation: i took the quiz and got a 10/10!
Answer: whether that career cluster is needed in the local economy
Explanation: if there would be one answer it would be this one.
Space Tech Inc. had the following expenditures this year related to a new product it was developing: Research cost for the new design - $2,200,000 Development cost of the new product (after technological feasibility and product viability is established) - $800,000 Legal and filing fees for a patent for the new design - $100,000 The product was patented before the end of the year. Required: Under GAAP, how much is Space Tech required to expense with respect to the project
Answer:
$2,200,000
Explanation:
all research and development costs incurred before a new product or service is technological feasible must be expensed. The costs incurred afterwards may be capitalized.
Expensed costs = $2,200,000
Capitalized costs = $800,000 + $100,000 = $900,000
Your grandfather has offered you a choice of one of the three following alternatives: $14,000 now; $7,250 a year for ten years; or $96,000 at the end of ten years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. Assuming you could earn 6 percent annually, compute the present value of each alternative:
Answer:
Hi how are you doing today Jasmine
Which report do you produce to see total sales for the company?
On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $17 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $16 million. The loss from operations of the segment during 2021 was $4.6 million. Pretax income from continuing operations for the year totaled $6.7 million. The income tax rate is 25%. Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions.)
Answer:
$2,325,000
Explanation:
Preparation of the lower portion of the 2021 income statement
CALIFORNIA MICROTECH CORPORATION Partial Income Statement For the Year Ended December 31, 2021
Income from continuing operations before income $ 6,700,000
Less Taxes Income tax expense ($1,675,000)
($ 6,700,000*25%)
Income from continuing operations $5,025,000
($ 6,700,000-$1,675,000)
Discontinued operations:
Loss from operations of discontinued $3,600,000
Income tax benefit $900,000
(25%*$3.6 million)
Loss on discontinued operations $2,700,000
($3,600,000-$900,000)
Net income $2,325,000
($5,025,000-$2,700,000)
Therefore Income Statement For the Year Ended December 31, 2021 will be $2,325,000
During your presentation, you realize that you are talking too fast. This is a
problem of
O Content challenges
Organizational challenges
Presentation skills challenges
Answer:
Presentation skills challenges
Explanation:
Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.
Basically, any speaker who wish to create an effective presentation should endeavor to interact frequently with the audience by holding a conversation.
This ultimately implies that, to create an effective presentation, speakers are saddled with the responsibility of interacting more often with the audience by taking questions, making a joke, getting them to repeat informations loud at intervals etc.
If during your presentation, you realize that you are talking too fast. This is a problem of presentation skills challenges.
Hence, speakers are advised to be passionate and show enthusiasm during their presentation because it would enhance their ability to speak confidently and as such leading to an engaging presentation.
Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs
a subsidiary, division, or unit of an organization that markets a set of related offerings to a clearly defined group of customers. a privately owned organization that serves its customers to make money so that it can survive. a group of people united through contractual or corporate ownership. a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit. a publicly owned organization that serves the general population.
writing in a business environment differs from other types of writing. in professional settings, written messages and oral presentations should be purposeful, economical, and audience oriented. identify the correct business writing objective for the following description. identify the problem you are trying to solve or the information you are trying to convey, and then develop a strategy to address that need. purposeful audience oriented persuasive economical
Answer:
The correct business writing objective for the given description is:
Purposeful
Explanation:
To be purposeful is to ensure that a business communication conveys the required information, solves the identified problems, and remains relevant in both context and tune. The other business writing objectives include being persuasive, economical and audience-oriented. To be persuasive, a business writing must ensure that the audience believes and accepts the message. To be economical requires the presentation of clear, concise, and efficient messages, devoid of ambiguity. Finally, audience-orientation requires the demonstration of audience-perspective.
A company's master budget for October is to manufacture and sell 30,000 units for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units and generated $45,000 of operating income in October. The flexible-budget operating income in October was:
Answer:
$72,000
Explanation:
The Starting point for flexing a Budget is to determine the Standard unit Selling Price and unit Cost Prices, then apply the amounts to the actual activity/production as shown below ;
Flexible-budget for the month of October
Sales ($270,000/30,000 x 32,000) $288,000
Less Variable Costs ($180,000/30,000 x 32,000) ($192,000)
Contribution $96,000
Less Fixed Costs ($24,000)
Operating Income $72,000
In 2013, Natural Selection, a nationwide computer dating service, had $500 million of assets and $200 million of liabilities. Earnings before interest and taxes were $120 million, interest expense was $28 million, the tax rate was 40%, principal repayment requirements were $24 million, and annual dividends were 30 cents per share on 20 million shares outstanding.
a) Calculate the following for Natural Selection:
1) Liabilities-to-equity ratio
2) Times-interest-earned ratio
3) Times burden covered
b) What percentage decline in earnings before interest and taxes could Natural Selection have sustained before failing to cover:
1) Interest payment requirements?
2) Principal and interest requirements?
3) Principal, interest, and common dividend payments?
Answer and Explanation:
The computation is shown below:
a) Liabilities to equity ratio is
= $200 ÷ ($500 - $200)
= 0.667
Times interest earned ratio is
= EBIT ÷ Interest expense
= $120 ÷ $28
= 4.285
Times burden covered is
= EBIT ÷ (Interest +Principal repayment ÷ ( 1 -tax rate))
= 120 ÷ (28+24 ÷ (1-0.4))
= 1.764
b)
Interest paying requirements
= ($128 - $20) ÷ 120
= 76.7%
Principal and interest requirements
= [$120 - ($28 + $24 ÷ (1-0.4))] ÷ 120
= 0.433 or 43.3%
Principal, Interest and Common dividend payments -
= [$120 - ($28 + (($24 + 0.3 × 20) ÷ (1 - 0.4))] ÷ 120
= 0.35 or 35%
If you own a business, the loan payment, rent, and your salary are examples of "