Answers
Answer:
Receivables days = 25 days
Explanation:
The receivable days is the average length of time it takes a business to receive cash from customers in respect of credit sales made.
It is calculated as follows:
Receivables days = Receivables / Credit sales × 365 days.
The credit sales is missing , hence we need to work it out as follows:
Net income =profit margin × total sales revenue
let sales value be represented by "y"
199,000 = 9.50% × y
y = 199,000/0.095
y= 2,094,736.84
Total sales revenue = 2,094,736.84
Credit sales = 74% × total sales revenue
= 74% × 2,094,736.84=1,550,105.263
Receivables days =106,108/1,550,105.26× 365 days= 24.98
Receivables days = 25 days
Related Questions
Explain the Framework for doing business policy
Answers
Answer:
A policy framework is document that sets out a set of procedures or goals, which might be used in negotiation or decision-making to guide a more detailed set of policies, or to guide ongoing maintenance of an organization's policies.
Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually. Compute the selling price of the bonds. Use Tables 2 and 3 in Appendix A near the end of the book.
Answers
Answer:
Bond Price = $833759.2165 rounded off to $833759.22
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 900000 * 0.1 * 6/12 = $45000
Total periods (n) = 5 * 2 = 10
r or YTM = 0.12 * 6/12 = 0.06 or 6%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45000 * [( 1 - (1+0.06)^-10) / 0.06] + 900000 / (1+0.06)^10
Bond Price = $833759.2165 rounded off to $833759.22
THESE ARE TRUE OR FALSE!! PLEASE HELP!!
1. A goal in life that is fulfilled through a job is called an occupation.
2. The process of studying careers, assessing yourself, and making decisions about the future
is called career planning.
3. Career planning begins when you make decisions about your interests and the occupation
you want to have someday.
4. Studying careers is continuous because new career opportunities come along regularly.
5. School libraries should be avoided in career planning.
6. Newspaper help wanted ads are interesting but of little value in career planning.
7. In career planning, you should contact both government employment offices and private
employment agencies.
8. Career information interviews can be done naturally without any advance preparation.
9. The willingness and ability of workers to move where jobs are available is called mobility.
10. A natural, in-born aptitude to do certain things is an ability.
Answers
Tony's Pizza's production function is shown in the table below.
Output (pizzas per day)
Labor
(workers) Plant 1 Plant 2 Plant 3 Plant 4
1 8 11 13 14
2 18 22 24 25
3 26 30 33 35
4 31 36 40 43
5 34 40 45 50
6 35 42 48 54
7 33 40 47 54
Ovens 1 2 3 4
FACULTY OF COMMERCE, MANAGEMENT AND LAW
Page 14 of 14
a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria
technologically efficient? Why or why not? (5 marks)
b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's
Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day
in the short run? If yes, how? (10 marks)
c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is
hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.
(10 marks)
d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in
the short run? In the long run? If yes, how? (5 marks)
Answers
A technological efficiency is achieved, when a given output achieves the maximum possible output.
Why the pizzeria is technologically efficient?
a) Suppose Tony operates Plant 2. He hires 2 workers and produces 20 pizzas a day. Is the pizzeria technologically efficient? Why or why not?
The firm is not technologically efficient. The production function shows that with 2 ovens and 2 workers it is possible to produce 22 pizzas a day.
b) Suppose Tony operates Plant 1. He hires 2 workers and produces 18 pizzas per day. Is Tony's Pizza technologically efficient? Why or why not? Can Tony increase production to 22 pizzas a day in the short run? If yes, how?
Tony's Pizza technologically efficient. The production function shows that 18 pizzas is maximum output that 2 workers can produce with 1 oven. Tony can increase production to 22 pizzas per day in the short run by hiring more labor.
c) Suppose Tony operates Plant 3. What is the marginal product of labor when the fourth worker is hired? When operating Plant 3, does Tony experience diminishing marginal returns? Explain.
When the 4th worker is hired, the marginal product of labor is the change in output, 40 pizzas-33pizzas= 7 pizzas, divided by the change in the labor input, 1 worker. So, the marginal product of labor for the 4th worker is 7 pizzas per day.
Tony experiences diminishing marginal returns because the marginal product of labor diminishes as more workers are hired.
d) Suppose Tony currently uses Plant 3. Can he increase production from 40 to 50 pizzas per day in the short run? In the long run? If yes, how?
If Tony uses Plant 3, he cannot increase production from 40 to 50 pizzas per day in the short run. The short-run production function for plant 3 shows that the maximum output that the firm can produce with this plant is 48 pizzas per day.
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Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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the city government spent $500 million more than it had in tax revenue this year. what would be the impact on the city's budget and national debt?
Answers
The city government spent $500 million more than it had in tax revenue this year. There is a deficit in the budget, and as a result, the debt will grow by a deficit of $500 million
What is tax revenue as it relates to budget?Generally, Tax revenue is defined as the sum of all revenues collected from various types of taxation, including but not limited to taxes on income and profits, social security contributions, taxes imposed on goods and services, payroll taxes, taxes on the ownership and disposition of ownership, and other types of taxes.
This year, the municipal administration had expenditures that were $500 million more than the tax money it had collected. Due to the fact that there is a deficit in the budget, the amount of debt will continue to increase.
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On June 30, 2019, Holman Construction issued 10-year bonds with a total face value of $2,500,000. When the 8% coupon rate bonds were issued, the market rate was 10%. Assuming that Holman pays interest every six months on December 31st and June 30th, what are the proceeds that Holman Construction received on the issue date, June 30, 2019?
a. $2,188,444.74
b. $2,192,771.64
c. $2,500,000.00
d. $2,839,758.16
Answers
Answer:
a. $2,188,444.74
Explanation:
the market value of the bonds is:
PV of face value = $2,500,000 / (1 + 5%)²⁰ = $942,223.71
PV of coupon payments = $100,000 x 12.462 (PV annuity factor, 5%, 20 periods) = $1,246,200
Market value = $942,223.71 + $1,246,200 = $2,188,423.71, the closest answer is a. $2,188,444.74.
There is a rounding error since I used annuity factors. The error represents $21.03/$2,188,444.74 = 0.001%, so it is not significant
Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
Answers
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
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I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Tenbaba stock is trading at 100$ per share. Tenbaba is going through an antitrust trial with a verdict scheduled 30 days from now.
This trial case is make or break --- If Tenbaba wins the case, the stock price will rise significantly, otherwise it will drop significantly.
You believe the option market has not fully incorporated this information regarding the Tenbaba trial. Design the most suitable portfolio for profiting from the Tenbaba trial.
a. Whatsecurity(securities)shouldyoubuyorsell?
b. Draw the payoff graph of your portfolio as a function of ST, price of Tenbaba stock 30 days from now.
Answers
a.) Buy call options and sell put options on Tenbaba stock.
b.) The payoff graph will depend on the specific strike prices chosen but will have potential profit with rising stock prices and potential limited loss with falling stock price
a. To profit from the Tenbaba trial, one possible strategy is to use options. Options provide the right, but not the obligation, to buy (call option) or sell (put option) a security at a predetermined price (strike price) within a specified period.
Given the binary outcome of the trial (significant rise or drop in stock price), we can construct a suitable portfolio using options.
Buy a call option: Purchase call options on Tenbaba stock, with a strike price slightly higher than the current stock price. This allows you to profit if the stock price rises significantly after the trial verdict, as the call option gives you the right to buy the stock at a predetermined price, which may be lower than the market price.
Sell a put option: Sell put options on Tenbaba stock, with a strike price slightly lower than the current stock price. By selling a put option, you receive a premium upfront. If the stock price rises after the trial, the put option will expire worthless, and you keep the premium.
However, if the stock price drops significantly, you may be obligated to buy the stock at the predetermined strike price, which could be lower than the market price.
b. The payoff graph of the portfolio as a function of the Tenbaba stock price (ST) 30 days from now would depend on the specific strike prices of the options chosen. However, in general, the graph would have the following characteristics:
If the stock price rises significantly, the call option will be in the money, and the profit from the call option will increase. The profit from selling the put option will decrease or be zero if the stock price remains above the strike price.
If the stock price drops significantly, the call option will expire worthless or have limited loss. The profit from selling the put option will increase as the stock price drops below the strike price, but the potential loss may be capped at the obligation to buy the stock at the strike price.
If the stock price remains relatively unchanged, both options may expire worthless or have limited loss, depending on the specific strike prices chosen.
In summary, the most suitable portfolio for profiting from the Tenbaba trial involves buying call options and selling put options on Tenbaba stock, taking advantage of potential significant price movements based on the trial outcome.
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Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a balance of $35,000. During the year, Miko's share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko's partner return on equity
Answers
Answer: 20.4%
Explanation:
The following information can be gotten from the question:
Beginning equity = $35,000
Ending equity = $35,000 + $7,500 - $4,000 = $38,500
Average equity = ($35,000 + $38,500)/2
= $73,500/2
= $36,750
Miko's partner return on equity will now be:
= $7,500/$36,750
= 0.2041
= 20.4%
A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.
In which of the following economic markets is the cable company operating?
Answers
Due to the fact that the firm is the only one that is operating in the community, the economic markets operated here is monopolistic.
What is a monopolistic market?
This is a type of market that has only one company that is in charge of offering products or services to the public.
The market here is a cable tv and internet company that provides services to the community.
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Zach bought 200 shares of goshen stock years ago for $21. 35 per share. He sold all 200 shares today for $43 per share. What was his gross capital gain?.
Answers
200 shares were purchased for a total of $4270; they were sold for a total of $8600; and a capital gain of $4330 resulted from the sale of the 200 shares.
Why do you use the term shares?Shares are fractional ownership interests in a corporation. For certain businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual income in the form of rewards.
Given that Zach purchased 200 shares 20 years ago,
Price of 1 share = $21.35
a) The 200 shares' total acquisition price was:
= 200 × $21.35
= $4270
b) The fact that Zach traded 200 shares today is a given.
Price of 1 share = $43
The 200 shares were sold for a total of:
= 200 × $43
= $8600
c) The 200 shares' capital gain was as follows:
= $8600 - $4270
= $4330
Therefore , the answers are :
a) The cost of the 200 share was $4270 in total.
b) The 200 shares were sold for a total of $8600.
c) The 200 shares' capital gain came to $4330.
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The Complete Question :
Zach bought 200 shares of Goshen stock 20 years ago for $21.35 per share. He sold all 200
shares today for $43 per share.
a. What was the total purchase price for the 200 shares?
b. What was the total selling price for the 200 shares?
C. What was the capital gain for the 200 shares?
Recently, "de-dollarization" has become a hot topic of global discussion. Recently, a Chinese think tank published an article saying that the trend of global de-dollarization has become very clear, and many countries in the world are working hard to reduce their dependence on the US dollar. The main driving force for this trend is my country's weaponization of its currency through excessive sanctions.
Answers
De-dollarization, or the reduction of dependence on the US dollar in global financial transactions, has indeed gained attention in recent years. While it is true that some countries are actively working to diversify their currency holdings and reduce reliance on the US dollar, it is essential to consider multiple factors that contribute to this trend.
One of the factors that have led to discussions about de-dollarization is the use of economic sanctions by the United States. Economic sanctions can be a powerful tool for a country to exert pressure on another nation, but they can also have unintended consequences. When the US imposes sanctions, it often restricts access to the US financial system, which is heavily reliant on the US dollar. This has prompted some countries to explore alternative methods of conducting international trade and finance to mitigate the impact of sanctions.
China, as a rising economic power, has been at the forefront of efforts to promote de-dollarization. It has taken steps to internationalize its currency, the yuan (also known as the renminbi), and has established currency swap agreements with various countries to facilitate trade settlements in yuan. Additionally, China has been promoting the use of its currency in international transactions through initiatives like the Belt and Road Initiative, which aims to enhance trade connectivity and financial integration among participating countries.
While weaponization of the US dollar through sanctions is indeed a contributing factor to the de-dollarization trend, it is not the sole driver. Other factors include concerns about the long-term stability of the US dollar, efforts by countries to reduce vulnerability to currency fluctuations, and geopolitical considerations. Some countries view de-dollarization as a way to enhance their economic and financial sovereignty, diversify risk, and reduce exposure to potential US policy changes.
It is important to note that the process of de-dollarization is gradual and complex. The US dollar still remains the dominant global reserve currency and the primary currency for international trade. The global financial system has deep-rooted structures and networks that make a rapid shift away from the US dollar challenging. However, as various countries seek to reduce their dependence on the US dollar, we can expect ongoing discussions and actions related to de-dollarization in the global economic landscape.
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Next year's earnings are estimated to be $5.00. The company plans to reinvest 20% of its earnings at 15%. If the cost of equity is 9%, what is the present value of growth opportunities?
Answers
According to the given data, the present value of growth opportunities is $ 11.11. According to present value, a sum of money is worth more today than it will be tomorrow.
What do you mean by the present value?Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.
To put it another way, present value demonstrates that money obtained in the future is not as valuable as money received today. Unspent funds now might depreciate in value over time at an assumed annual rate due to inflation or the rate of return on investments, if any.
Here,
Growth = ROE × RETENTION RATIO
Growth = 15% * 20% = 3%
VALUE OF GROWTH = (EPS* DIVIDEND PAYOUT RATIO) / (COST OF EQUITY - GROWTH)
= (5 * 80%) / ( 9% - 3%)
= 66.67
Value of growth = Dividend ÷ cost of equity
Value of growth = 5 ÷ 9%
Value of growth = 55.56
Present value of growth opportunities = $ 66.67 - $ 55.56
Present value of growth opportunities = $ 11.11
Therefore, the given data, the present value of growth opportunities is $ 11.11. According to present value, a sum of money is worth more today than it will be tomorrow.
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Find the annual premium on a $300,000 whole-life insurance policy for a 40-year-old male using a non-tobacco rate.
Answers
Answer:
wa
Explanation:
ttas8
The following are effective means of internal cash controls except OA. using checks in pre-numbered sequence to help trace deposits back to the original document B. having signature cards for all employees so anyone can make deposits OC. paying by electronic funds transfer OD. sending checks for verification A
Answers
The following are effective means of internal cash controls except:(B) having signature cards for all employees so anyone can make deposits
What are internal cash controls?
The internal cash controls are mechanisms put in place by the company to ensure the safety of its cash and account balances, I mean so as to avoid fraud and collusion by employees to defraud the company, which means that having pre-numbered sequence for checks so as to be able to trace deposits made into bank account source document is an internal control procedure.
Besides, making payments through electronic means rather than by cash nips in the bud situation where large sum of money can be stolen, so also, the verification of checks to serve second level authorization that the checks were issued is an internal cash control step.
However, creating signature cards for all employees is a breach of internal control since giving cash or checks to all employees to make deposits means that everyone has access to the cash or checks where the responsibility is meant for selected few who can be trusted not divert funds or checks belonging to the company.
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Exercise 5-10 (Algo) Multiproduct Break-Even Analysis [LO5-9] Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 112,000 $ 56,000 $ 168,000 Variable expenses 41,320 9,080 50,400 Contribution margin $ 70,680 $ 46,920 117,600 Fixed expenses 81,060 Net operating income $ 36,540 Required: 1. What is the overall contribution margin (CM) ratio for the company
Answers
Answer:
Contribution margin ratio= 0.7
Explanation:
Giving the following information:
Total
Sales $168,000
Variable expenses 50,400
To calculate the contribution margin ratio, we need to use the following formula:
Contribution margin ratio= (sales - total variable cost) / sales
Contribution margin ratio= (168,000 - 50,400) / 168,000
Contribution margin ratio= 0.7
1.a) True or False: A firm is in the value destroying stage whenROIC < WACCb) True or False: ROIC and size are not correlated
Answers
If the ROIC is less than the WACC, it means that the company is not generating sufficient returns on its invested capital, and is effectively destroying value for its shareholders.
In some industries, such as manufacturing or retail, larger companies may benefit from economies of scale, which can lead to higher ROIC. In other industries, such as technology or biotech, smaller companies may have a competitive advantage due to greater flexibility and innovation, which can also lead to higher ROIC.
However, there is no clear or consistent relationship between ROIC and company size, and other factors such as industry structure and competitive position may play a more significant role in determining a company's ROIC.
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Which of the following information is not displayed on a company’s profile (tearsheet) page on Capital IQ?
Answers
The information is not displayed on a company’s profile (tearsheet) page on Capital IQ is information that is not concern the company.
What is a Tearsheet page?A tear sheet, can be regarded as the fact sheet, which is usually a one-page document that comprises the key financial information that concern a particular company.
It do contain the overview of leadership and services and This page provides the necessary business description as well as the, industry classification of the investors, hence The information is not displayed on a company’s profile (tearsheet) page on Capital IQ is information that is not concern the company.
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why do many essential products that we use (e .g water) have relatively low prices, while other less essential products (e.g diamonds) command higher prices? Explain this paradox using marginal utility approach
Answers
In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.
What do you call necessities?
Anything you need in order to function correctly or complete an action is referred to as a need. Life cannot exist without water. Alternative Words: essential, need, need, necessary More necessary synonyms Countable noun You must use your revenue to purchase necessities, which are goods or services. Basic necessities include things like food, clothing, heat, shelter, and medical attention. something which is essential. For the beach, sunscreen is a must-have. food, clothing, and other essentials. It's important to get enough of sleep. Living close to work is essential for those without cars.
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Question 5 of 20
A payroll register lists the total current period earnings as $35,600. It lists the
total withholdings and deductions as $8,910. What does the journal entry to
record payment of salaries and wages list as the debits and credits for
Salaries and Wages Payable and Cash?
OA. Salaries and Wages Payable: $35,600 debit; Cash: $8,910 credit
OB. Salaries and Wages Payable: $35,600 credit Cash: $8,910 debit
OC. Salaries and Wages Payable: $26,690 debit; Cash: $26,690 credit
OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit
Answers
The correct answer is OD. Salaries and Wages Payable: $26,690 credit; Cash: $26,690 debit.
When recording the payment of salaries and wages, the journal entry will involve debiting (increasing) the Cash account and crediting (decreasing) the Salaries and Wages Payable account.
In this case, the total current period earnings of $35,600 represents the amount owed to employees for their wages, which is a liability. Since the payment is being made, the Salaries and Wages Payable account will be credited for the same amount, $35,600. On the other hand, the Cash account will be debited for the amount actually paid, which is $8,910 (representing the net payment after withholdings and deductions).
Therefore, the correct journal entry would be:
Salaries and Wages Payable: $26,690 credit
Cash: $26,690 debit
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How can events in a process costing system affect financial statements? Provide examples.
Answers
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Which of the following are the three common risks of using email, text messaging, instant
messaging, and voice mail?
A. Over-communication, over-reliance, and too many acronyms
non-delivery, and over-reliance
B. Misinterpretation,
C. Misinterpretation, technical problems, and loss of self-awareness
D. Loss of self-awareness, lack of courtesy, and safety
Answers
Answer: option d is correct
Explanation:
it leads to loss of self awareness as we always check our phone and busy on mobile that distances ourself from the outside world
it leads to lack of courtesy and safety as there is always of a risk of hacking.
If your manager were to give you a complex project that involved a lot of research and analysis to provide information to write a detailed and accurate report, how might you make it more manageable? What type of communication skills would that require? Please write at least 5 sentences.
Answers
A large project report can be easier to manage if the key components are first outlined as a thesis statement and the duties are divided into manageable chunks.
A report is what?A report is a written statement or document that outlines the major problems or happenings inside an organization and aids in understanding the internal and external forces at play.
It's crucial to have written communication abilities that enable someone with a strong vocabulary to precisely communicate the notion to the reader in order for a report to be effective and correct.
It is necessary to create an outline plan for the task that needs to be done since it aids in framing the report aspects when a project report requires extensive research and analysis to deliver information.
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Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
In each of the following independent cases, it is assumed that the corporation has $800,000 of 5% preferred stock and $3,200,000 of common stock outstanding, each having a par value of $10. No dividends have been declared for 2019 and 2020. (a) As of 12/31/21, it is desired to distribute $250,000 in dividends. How much will the common stockholders receive if their stock is cumulative and nonparticipating
Answers
Answer: $120,000
Explanation:
Common stock cannot be cumulative. You most likely meant Preferred stock.
Cumulative stock will see its dividends accrued from years it was not paid to a year it can be paid.
Preferred cumulative stock = (800,000 * 5%) * 3 years including (2019, 2020 and 2021)
= 40,000 * 3
= $120,000
The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 240, 185, 165, 180, 130, and 120. She believes that the number of customers served on weekdays follows a normal distribution. (You may find it useful to reference the t table.) Click here for the Excel Data File a. Calculate the margin of error with 99% confidence. (Round final answer to 2 decimal places.) Margin of error b. Construct the 99% confidence interval for the average number of customers served on weekdays. (Round final answers to 2 decimal places.) Lower limit Upper limit c. How can the margin of error reported in part a be reduced? - Increase the sample size - Decrease the sample size - Increase the standard deviation - Increase the confidence level
Answers
To reduce the margin of error, Increase the sample size. Increasing the sample size would increase the precision of the estimate, resulting in a smaller margin of error. Here option A is the correct answer.
To calculate the margin of error and construct the confidence interval for the average number of customers served on weekdays at The Cheesecake Factory in Memphis, the following steps can be followed:
a. Calculate the margin of error with 99% confidence:
The sample size is 6, so the degrees of freedom are 6-1=5.
From a t-distribution table with 5 degrees of freedom and a confidence level of 99%, the t-value is 2.571.
The sample mean is calculated as the sum of the sample data divided by the sample size: (240 + 185 + 165 + 180 + 130 + 120) / 6 = 170.
The sample standard deviation is calculated as: ((240-170)^2 + (185-170)^2 + (165-170)^2 + (180-170)^2 + (130-170)^2 + (120-170)^2) / (6-1)) = 28.19.
The margin of error can then be calculated as: t-value * standard deviation/(sample size) = 2.571 * 28.19/(6) = 21.34.
b. Construct the 99% confidence interval for the average number of customers served on weekdays:
The lower limit is calculated as: sample mean - margin of error = 170 - 21.34 = 148.66.
The upper limit is calculated as the sample means + margin of error = 170 + 21.34 = 191.34.
Thus, the 99% confidence interval for the average number of customers served on weekdays is (148.66, 191.34).
c. Reducing the standard deviation or increasing the confidence level would have the opposite effect and would increase the margin of error.
Complete question:
The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 240, 185, 165, 180, 130, and 120. She believes that the number of customers served on weekdays follows a normal distribution. (You may find it useful to reference the t table.) Click here for the Excel Data File a. Calculate the margin of error with 99% confidence. (Round final answer to 2 decimal places.) Margin of error b. Construct the 99% confidence interval for the average number of customers served on weekdays. (Round final answers to 2 decimal places.) Lower limit Upper limit c. How can the margin of error reported in part a be reduced? -
A - Increase the sample size
B - Decrease the sample size
C - Increase the standard deviation
D - Increase the confidence level
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Suppose a firm manager has a base salary of $175,000 and earns 0.5 percent of all profits. Determine the manager's income if revenues are $10,000,000 and profits are $5,000,000. A) $150,000 B) $200,000 C) $225,000 D) $300,000
Answers
The manager's income is $200,000.
The option (B) is correct.
The expression "income" for the most part alludes to how much cash, property, and different exchanges of significant worth got over a set timeframe in return for administrations or items. There is no single, standard definition: pay is characterized by the setting in which the idea is utilized.
Income includes monetary as well as non-financial upsides of recompenses and perquisites. All pay is available under personal expense except if explicitly excluded.
Given;
Fixed salary = $175,000
Earns 0.5% of all profits
Profit = $5,000,000
Manager income = Fixed salary + 0.005 * Profit
Manager's income = $175,000 + 0.005 * $5,000,000
=> Manager's income = $175,000 + $25000
=> Manager' income = $200,000
Thus, the manager's income is $200,000.
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