If the $3,528 is collected on May 4, it will be paid in full. Credit sales are recorded on the balance sheet as accounts receivable, which is a part of short-term assets.
How does a credit sale operate?
Credit sales are agreements in which the whole amount of the loan will be paid off at a later date. Credit sales, then, are transactions when the customer does not make a full payment in cash at the time of the sale.
Credit sales entry: What is it?
An accounting item known as a credit sales journal entry is used to document the sale of goods on credit. Debiting the Accounts Receivable account and crediting the Sales account are used to make the entry.
Briefing:
.02 x 3600 = 72
3600-72 = $3,528
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if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month
If the efficient markets hypothesis is correct, then.
If the efficient markets hypothesis is correct, then the prices of assets in the market should reflect all available information.
The efficient markets hypothesis (EMH) is a financial theory that contends that financial markets are "informationally efficient," or that asset prices in financial markets completely reflect all available information at any given time. It assumes that all investors have access to the same information and interpret it in the same way, resulting in prices that reflect all of the available information. Therefore, under the efficient markets hypothesis, an investor cannot gain an advantage over other investors since any new information would be immediately reflected in asset prices.
The efficient markets hypothesis implies that investors should not expect to gain a significant advantage over the market by trying to make investment decisions based on publicly accessible data or fundamental analysis. Instead, the hypothesis suggests that investors should invest passively by tracking market indices or mutual funds since active trading based on publicly available data is unlikely to yield superior returns. Therefore, if the efficient markets hypothesis is correct, then it would be challenging to outperform the market by active trading based on publicly available information since all information is already reflected in asset prices.
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yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
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what price should curled metal quote for an 11.5-inch pad to kendrick foundation? why? what is the objective behind this pricing decision?
The price should curled metal quote for an 11.5-inch pad to kendrick foundation is $3.57 per pad. Objective behind the pricing decision The primary objective behind the pricing decision is to achieve profit maximization by setting prices that cover costs and generate revenue.
Curled Metal Inc. (CMI) is to provide Kendrick Foundation with an 11.5-inch pad. The price quote for the same is to be determined with the company's objective being profit maximization. Kendrick Foundation would be supplied with around 15,000 to 20,000 pads a year, with an additional 5,000 to 10,000 pads supplied to other construction companies, in the upcoming year.
The objective behind this pricing decision is to maintain the balance between profit maximization and revenue generation, considering the market competition. The cost of manufacturing 11.5-inch pads was $1.75, with an overhead cost of 36% added to this amount. The overhead expenses included administrative salaries, advertising expenses, and sales expenses.
Therefore, the total cost of manufacturing 11.5-inch pads would be:
Total manufacturing cost = $1.75 + ($1.75 * 36%) = $2.38Now, if the company aims to earn a profit of 50%, then the price quote of 11.5-inch pads would be:Price = Total cost of manufacturing + profit Price = $2.38 + ($2.38 * 50%) = $3.57 per pad.
Objective behind the pricing decision The primary objective behind the pricing decision is to achieve profit maximization by setting prices that cover costs and generate revenue. The company must consider various factors while deciding the price of the 11.5-inch pad, including manufacturing costs, competition, and the impact of pricing on Kendrick Foundation's purchasing decisions.
Setting a price too high could lead to Kendrick Foundation looking for other suppliers, while setting a price too low could result in low-profit margins or losses. Hence, CMI must strike a balance between profit maximization and revenue generation to maintain its competitive edge in the market.
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The amount of a market that a producer controls is called market share. How is market share related to pure competition?
Answer:
pure competition ids defined as a market structure with many fully informed buyers and sellers in an identical producer and ease of entry. if there were more market shares, there would be more competition.
Explanation:
During project build-up, if the project is independent and standalone, the project manager seeks a commitment of __________ from the functional departments.
During project build-up, if the project is independent and standalone, the project manager seeks a commitment of **resources** from the functional departments.
The project manager needs to ensure that the necessary resources, such as personnel, equipment, and materials, are allocated to the project. By obtaining a commitment of resources from the functional departments, the project manager can ensure that the project has the necessary support and capabilities to be successfully executed. This commitment involves securing the availability and allocation of resources for the duration of the project, aligning the functional departments' priorities with the project's needs, and establishing clear roles and responsibilities for each department's involvement in the project.
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What is an account and where is it located in a manual accounting system?
In recent years, a few countries, claiming to pursue socialist strategies because of the exploitative nature of capitalism, have made it exceedingly difficult for businesses to operate in their country. Other countries have pursued a strategy, often called democratic socialism, which includes significant government involvement in the economy, but also significant business competition. Which country in the radar chart above stands out as the worst in the world on each of the variables identified, and which country stands out for its ease of doing business
Which country in the radar chart above stands out as the worst in the world on each of the variables identified
Use Tuition Tracker to get an estimate of the annual net price for Jada to attend North Carolina State University. *Once you’ve found NCSU, be sure to change her family income at the very top of the screen to get an accurate cost.
1. Jada's annual net price based on her family income of $52,000 is $15,321, according to the Tuition Tracker.
2. In 4 years, Jada will owe $78,001.43, including interest.
What is the annual net price?
The annual net price is Jada's annual cost of attending college after subtracting the grants, scholarships, tuition waivers, and other gift aids. The annual net price does not include loans but excludes the financial aid which Jada does not have to repay or earn.
The solution to question 2 is found by using an online finance calculator as follows:
Data and Calculations:Family income per year = $52,000
High school senior GPA = 3.4
Average Annual Net Price = $18,807
Estimated Sticker Price = $24,259
Grants and Scholarships = $8,938
Estimated student loan rate = 5%
To Graduate In 4 years
Estimated Loan Amount = $15,321/year
Current Balance = $0
Loan Term = 10 years
Grace Period = 6 months
Interest Rate = 5%
Result:
Repayment: $650.01/month
Amount Borrowed: = $61,284.00 ($15,321 x 4)
Total Interest: $16,717.43
Total Loan amount to be repaid = $78,001.43
Complete Question:Jada is a biracial high school senior with a 3.4 GPA She really wants to attend North Carolina State University, her mom's alma materHer family income is $52,000 per year She is trying to decide between two career tracks, both of which are offered by her collegeGraphic designer, because she's artistic and loves computers Accountant, because she's great at math and she's done job shadowing in this area.1. Use Tuition Tracker to get an estimate of the annual net price for Jada to attend North Carolina State University. *Once you've found NCSU, be sure to change her family income at the very top of the screen to get an accurate cost.
2. Assuming the net price remains constant and she takes the entire annual net cost in student loans, how much will she owe if she graduates in 4 years?
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Because of the effects of diversification, the portfolio's risk is likely to be more than the average of all stocks' standard deviations.a. trueb. false
False. A portfolio's total risk may be decreased by diversification, making it more probable that the risk will be lower than the standard deviation average of all equities.
In order to distribute investments among a variety of assets or asset classes and lower total risk, this is known as diversification. Investors may be able to mitigate the negative effects of the underperformance of any one asset by diversifying their portfolio. A statistical metric that reflects the degree of variation or volatility in the returns on an asset is the standard deviation. The standard deviation of an asset is a measure of how risky it is to invest in that asset. Yet, the benefits of diversity might result in a decrease in total risk when several assets are included in a portfolio. This is so that the risk of a portfolio asset's bad performance may be countered by another asset's strong performance.
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Identify two acts that Tumi Manufacturers complies with. Motivate your answer by quoting from the case study above
Two acts that the TUMI manufacturers comply with are:
Environmental regulationslabor and employment actThe corporate responsibility of this organizationAs a result of the corporate responsibility of this business group, they are known to respect environmental laws.
This law requires them to avoid the use of chemicals and substances that are harmful to the environment.
Also the business has to comply with laws that concerns labor and employment.
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Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answer: So so sorry but i don't know!
Explanation:Have a great day
Ace Company sells merchandise to a customer in the amount of $200 on credit, terms n/30. The entry to record this sale would include a debit to the ____________ account: Multiple choice question. Cash Accounts Receivable Accounts Payable Sales
Answer:accounts receivable
Explanation:
Ace Company sells merchandise to a customer in the amount of $200 on credit, terms n/30. The entry to record this sale would include a debit to the Accounts Receivable. Hence, option B is correct.
What is Accounts Receivable?Accounts receivable are the unpaid obligations owed by customers for products or services they have received but have not yet paid for. As an illustration, the balance due when customers purchase items on credit is added to the accounts receivable.
An example of an account receivable is a furniture manufacturer who has provided furniture to a retail shop. Once the manufacturer bills the store for the furniture, payment is indicated under accounts receivable.
The accounts payable ledger contains a list of a company's short-term liabilities, including obligations for products acquired from suppliers and money owed to creditors.
Thus, option B is correct.
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Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:
a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.
Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gross Margin $140,000 Contribution Margin $110,000 Total Selling & Administrative Exp. $60,000
Answer:
$80,000
Explanation:
Calculation for the net income for Dana's Dress Shop using the traditional format
NET INCOME USING TRADITIONAL FORMAT
Using this formula
NET INCOME=Gross Margin -Total Selling & Administrative Expenses
Where,
Gross Margin =$140,000
Total Selling & Administrative Expenses=$60,000
Let plug in the formula
NET INCOME=$140,000-$60,000
NET INCOME=$80,000
Therefore the NET INCOME will be $80,000.
Answer: 80k
Explanation: Bc quizlet said so :)
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
what happened as a result of the hawley-smoot tariff?
The objective of a country that increases its tariffs, defending American businesses from foreign competition, including agriculture and other sectors.
How do industries work?
Industries (manufacturing) is a particular type of economic activity that often takes place in buildings equipped with machinery. An economy's open industrial sector, which produces manufacturing and other intermediate or finished items.
the objectives of a country that increases its tariffs It is now commonly believed that the Smoot-Hawley Tariff Act contributed to the severity of the Great Economic Crisis in the United States and across the world. Industry
In order to safeguard American farmers and other businesses from foreign competition, a country that raises its tariffs does so.
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All bosses will react the same way to an employee being late. please select the best answer from the choices provided true false
When an employee is late, every manager will respond in the same way. The given statement is false.
Will all bosses react the same if an employee is late?
Every boss has his own way of working. Some bosses are more understanding than others. It all depends on the personality of the boss, as well as the reasons for the employee's delay. It is important that the worker be persistent and faithful. The unexpected happens and bosses are aware of it, except when they are aware of the expediency and lack of engagement of the employee. All bosses will react the same to a late employee. Following directions is a sign that you are a bad employee. Increasing your accountability increases your value to the company. Loyalty requires the permanent denial of all personal goals.
Even if bosses assume that employees are late from time to time if they are regularly late for work.
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assume that the bank is holding the exact percentage of reserves required by the monetary authority. what is the money multiplier?
The money multiplier is the ratio of the amount of money created by the banking system to the reserves held by banks.
Assuming that the bank is holding the exact percentage of reserves required by the monetary authority, the money multiplier would be equal to the reciprocal of the reserve requirement. The reserve requirement is the percentage of deposits that banks are required to hold in reserve by the monetary authority. The "money multiplier" is an concept that refers to the amount of money that can be created by the banking system based on the reserve requirement imposed by the monetary authority. If the bank is holding the exact percentage of reserves required by the monetary authority, it means that the bank is not holding excess reserves or deficient reserves. Therefore, the money multiplier would be equal to the reciprocal of the reserve requirement. For instance, if the reserve requirement is 20%, then the money multiplier would be equal to 1/0.2 = 5. This means that for every dollar deposited in the bank, the bank can create up to $5 through the process of credit creation.
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When a business owner purchases a new truck on credit for his business,what impact does this purchase have on his owner's equity?
A. The impact depends on the situation.
B. It has no impact on equity.
C. It increases equity.
D. It decreases equity.
Answer: It had no impact on equity.
Explanation:
When a business owner purchases a new truck on credit for his business, It has no impact on equity. The appropriate response is option B.
What is owner's equity?Owner's equity basically refers to the owner's rights to the company's assets. It is what remains for the owner after all liabilities have been deducted from assets. If you examine the balance sheet of your business, it conforms to a standard accounting equation: Owner's Equity is equal to Assets - Liabilities.
Owner's equity is primarily influenced by the accounts for revenues, gains, expenses, and losses. If you make profits and have revenues, your owner's equity will rise. If you incur costs and suffer losses, your owner's equity declines.
When the owner or owners (in the case of a partnership) raise the amount of their capital contribution, the value of the owner's equity increases.
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what is the best career to go for?
Answer: Well what things are you interested in?
Explanation:
Answer:
My opinion is Technical Jobs. But become what you'd like to be
Explanation:
Which of these is an example of a capital resource for a construction company?
Answer:
huh
Explanation:
what examples are there?
An example of a capital resource for a construction company is a supply truck. Thus the correct option is A.
What are resources?Resources are referred to as things or physical substances which are essential for the survival of mankind. This resource helps in sustain by providing food, water, shelter, and so on.
The Funds which is used to establish a new firm, machinery, buildings, equipment, and other things people create to produce goods and provide services are all examples of capital resources.
A capital resource for a construction company is ist supply trucks as it helps load and unloading of construction material which place a crucial role in the construction and acts as an asset to the business.
Therefore, option A a supply truck is appropriate.
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The complete question is probably
Which of these is an example of a capital resource for a construction company?
a supply truck
a skilled worker
a building site
a bank account
Opportunity costs ______. are benefits that are given up when selecting one alternative over another are uncommon in decision making should be considered in decision making are part of traditional accounting records
Answer: are benefits that are given up when selecting one alternative over another.
Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.
Opportunity cost can be computed mathematically using the relation:
Opportunity cost = (Return on best forgone option - return on chosen alternative).
Opportunity cost is often considered in other to guide and weigh investment options.
Opportunity costs are benefits that are given up when selecting one alternative over another and should be considered in decision making.
Opportunity cost refers to the value of the best alternative forgone when making a decision. It represents the benefits or profits that could have been obtained by choosing an alternative option. In other words, it's the cost of what you have to give up in order to choose something else.
Understanding opportunity costs is crucial in decision making because it allows individuals and businesses to evaluate the trade-offs involved in various choices. By considering the opportunity cost, one can weigh the potential benefits and drawbacks of different options and make more informed decisions.
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Dividends are paid out of profits, and:
(A) dividends are paid before a firm's taxes are paid.
(B) dividend payments must be approved by the firm's board of directors.
(C) dividends are guaranteed.
(D) dividends are usually paid twice a year.
(personal finance question)
Dividends are given out of profits, and it is commonly pay off twice a year. Option D is correct.
What are dividends?A dividend is defined as the amount of profit that is available for the distribution by a corporation to its shareholders, this amount of profit is given only when an enterprise earns a profit.
The majority of dividends are paid four times a year, on a quarterly basis, but some companies pay dividends twice a year.
Therefore, option D is correct.
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assessing risk should include testing of technology assets to identify any vulnerabilities.
True. Testing technology assets for vulnerabilities should be part of the risk assessment process.
What kinds of technological assets are there?
Infrastructure hardware, software, networking, cloud devices, and even non-IT assets such as buildings are examples of assets.
Computer systems, networks, and software are vulnerable to a variety of risks, including cybersecurity threats, data breaches, system failures, and technological obsolescence. Testing these assets identifies vulnerabilities, weaknesses, and potential points of failure, allowing organizations to put in place the necessary controls, safeguards, and mitigation strategies to manage and reduce the risks.
Therefore, assessing risk should include testing of technology assets to identify any vulnerabilities.
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as the industrial revolution came to the united states, most firms operated in a(n) orientation. a. evolutionary b. societal c. sales d. market e. production
As the industrial revolution came to the united states, most firms operated in a production orientation. The United States' transition to new industrial techniques between around 1760 and some time between 1820 and 1840 is known as the Industrial Revolution.
This transition encompassed the switch from manual to mechanical production methods, the invention of new ways for producing chemicals and iron, the expansion of steam and water power, the creation of machine tools, and the growth of the mechanized factory system. As a result of the significant increase in output, both the population and the pace of population growth saw previously unheard-of increases during industrial revolution.
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How have advancements in technology affected advertising? Write a paragraph with three examples.
The advancement in technology affected advertising in the manner that increased the number of platforms, which raised the number of audiences.
What is Advertising?The practice and strategies used to draw attention to a product or service are referred to as advertising. Advertising seeks to bring attention to a product or service by putting it in the limelight.
Technological breakthroughs resulted in the advent of computers, the internet, and smartphones, which connected billions of people's lives.
Not only has the number of platforms expanded, but so has the clarity of audience data, which has supported industry growth. There is a better understanding of who is consuming stuff. To customize your marketing communications, you can leverage data from the first, second, and third parties.
Because of the internet and programmatic advertising, advertisers may now target consumers across hundreds of digital channels.
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It costs $2,500 to send an employee to a three-day seminar. The information obtained at this seminar should allow the employee to increase their sales success rate by 1%. The employee has a success rate of 3% of converting a call into a sale. The employee makes five calls per day Mon through Fri for 50 weeks per year. If each sale is $2,000, what would be the increase in sales dollars be by attending this seminar?
Answer:
$25,000
Explanation:
success rate without attending the seminar = 3% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $75,000
success rate after attending the seminar = 4% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $100,000
the increase in sales dollars due to the increase in productivity (after attending seminar) = $100,000 - $75,000 = $25,000
1. Apply What You've learned - Investment Fundamentals Scenario: You are 40 years old. Your investment portfolio currently consists of: (1) a savings account, with a $10,000 balance, (2) certificates of deposit (CDs) worth $20,000, and (3) an investment portfolio consisting of 40% bonds, 40% equities, and 20% cash and cash equivalents. Your bonds are thirty-year U.S. government bonds, while your equities are made up solely of your employer's stock. Your cash holdings consist of your savings account and CDs. Your employer's stock paid a 1% dividend and its market value has increased 10% over the last year. The bonds have paid 3.0% interest. The rate of inflation is 2.5%. Your investment goals are mainly focused on retirement, and you have no large purchases plannec in the short term.Which of the following statements is true regarding the dollar-cost averaging strategy? Check all that apply.a. An advantage of dollar-cost averaging is that it imposes and requires-Investor disciplineb. An advantage of dollar-cost averaging is that it can reduce the average cost of purchased shares over a long Investment period. c. Dollar-cost averaging is successful in a rising, fluctuating, or declining market. d. For this strategy to be successful, you must be lucky and knowledgeable; discipline is irrelevante. Using this strategy, you can purchase a larger number of shares in a rising market than in a declining market. As a long-term investor, how should you respond to a bear market?a. Sell quickdy to stop the bleeding. "b. Continue with your investment plan; it is good to buy while the prices are low c. Hold tight; do not sell, but do not continue Investing
The following statements are true regarding the dollar-cost averaging strategy:
b. An advantage of dollar-cost averaging is that it can reduce the average cost of purchased shares over a long investment period.
c. Dollar-cost averaging is successful in a rising, fluctuating, or declining market.
Dollar-cost averaging is a strategy of investing a fixed amount of money in a specific security or portfolio at regular intervals. This method can reduce the average cost of purchasing shares over an extended period, which is an advantage of the strategy.
Additionally, dollar-cost averaging is successful in all market conditions, whether the market is rising, fluctuating, or declining. Therefore, it is a useful strategy for long-term investors like the one in this scenario.
In response to a bear market, the best course of action for a long-term investor is to continue with their investment plan and buy while the prices are low. It is not advisable to sell quickly and stop the bleeding because this strategy may result in significant losses.
Similarly, holding tight without continuing to invest may not result in maximum gains. Therefore, the best approach is to remain disciplined and continue investing while keeping a long-term perspective. So b and c are correct options.
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Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. During the development of this high-growth company, Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with ______ financing.
Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.
What is equity financing?Equity financing can be defined as the way in which a company or an organization raise capital by selling their stock.
Most companies or organization tend to sell their shares or stock to investors who then provide them with equity financing as this will enables them to raise money.
Therefore Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with equity financing.
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