Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage building from Sheffield Storage Company. The following information pertains to this lease agreement.
1. The agreement requires equal rental payments of $66,699 beginning on December 31, 2019.
2. The fair value of the building on December 31, 2019 is $487,529.
3. The building has an estimated economic life of 12 years, a guaranteed residual value of $9,000, and an expected residual value of $6,400. Kimberly-Clark depreciates similar buildings on the straight-line method.
4. The lease is nonrenewable. At the termination of the lease, the building reverts to the lessor.
5. Kimberly-Clarkâs incremental borrowing rate is 8% per year. The lessorâs implicit rate is not known by Kimberly-Clark.
Required:
a. Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2019, 2020, and 2021.
b. Suppose the same facts as above, except that Kimberly-Clark incurred legal fees resulting from the execution of the lease of $5,000, and received a lease incentive from Sheffield to enter the lease of $1,000. How would the initial measurement of the lease liability and right-of-use asset be affected under this situation?
c. Suppose that in addition to the $66,699 annual rental payments, Kimberly-Clark is also required to pay $5,000 for insurance costs each year on the building directly to the lessor, Sheffield Storage. How would this executory cost affect the initial measurement of the lease liability and right-of-use asset?
Answers
Answer:
a) the journal entry to record the signing of the lease agreement:
December 31, 2019, lease agreement signed
Dr Right of use 483,360
Cr Lease liability 483,360
the lease liability must record the present value of the 10 annual lease payments: $68,099 and 8% discount rate:
present value of an annuity due = payment + {payment x [1 - (1 + r)⁻⁽ⁿ⁻¹⁾]/r}
payment = 66,699r = 8% n - 1 = 10 - 1 = 9PV annuity due = 66,699 + {66,699 x [1 - (1 + 0.08)⁻⁹]/0.08} = 66,699 + 416,661 = $483,360
the journal entries to record the annual lease payments:
December 31, 2019, first annual lease payment
Dr Lease liability 66,699
Cr Cash 66,699
December 31, 2020, second annual lease payment
Dr Lease liability 33,366
Dr Interest expense 33,333
Cr Cash 66,699
interest expense = $416,661 x 8% = $33,333
December 31, 2020, depreciation expense
Dr Depreciation expense - leased building 48,336
Cr Accumulated depreciation - leased building 48,336
December 31, 2021, third annual lease payment
Dr Lease liability 36,035
Dr Interest expense 30,664
Cr Cash 66,699
interest expense = $383,295 x 8% = $30,664
December 31, 2021, depreciation expense
Dr Depreciation expense - leased building 48,336
Cr Accumulated depreciation - leased building 48,336
b) this would increase the right to use asset and lease liability by:
= -$5,000 + $1,000 = $4,000
c) this would increase the right to use asset and lease liability by:
= 5,000 + {5,000 x [1 - (1 + 0.08)⁻⁹]/0.08} = $36,234
Related Questions
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Answers
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every how many hours
Answers
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
What is time?Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future.
It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
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What was the commission system?
Answers
An elected commission system, often made up of three, five, or seven commissioners, is in charge of administering commission. Each commissioner is also in charge of a department or departments.
However, the council-manager system has replaced the commission system in the majority of cities. In a city commission, a small governing body known as a commission with both legislative and executive authority to run the municipality is composed of independently elected officials system. There are a certain number of members on the commission, typically five or seven. A type of variable-pay compensation for goods or services sold are commissions. Salespeople are frequently encouraged and rewarded with commissions.
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Bill's Auto Repair received a customer payment of $1,000. Which entry is appropriate with a compound journal entry
Answers
The appropriate entry with a compound journal entry is a debit to Cash Discounts arising from the customer paying within the discount window.
For instance, the receipt may be recorded by Bill's Auto Repair as follows:
Debit Cash $1,000Debit Cash Discounts $50Credit Accounts Receivable $1,050What is a compound journal entry?A compound journal entry involves more than one debit and more than one credit. it combines several journal entries. In this case, the customer could have paid $1,050 including Cash Discounts (of $50) allowed to the customer.
Thus, the appropriate entry for a compound journal entry may involve an entry for cash discounts.
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During 2021, Blossom Company purchased the net assets of Ayayai Corporation for $2178000. On the date of the transaction, Ayayai had $594000 of liabilities. The fair value of Ayayai's assets when acquired were as follows: Current assets $1069200 Noncurrent assets 2494800 $3564000 How should the $792000 difference between the fair value of the net assets acquired ($2970000) and the cost ($2178000) be accounted for by Blossom
Answers
Answer:
When the purchase price is lower than the fair market value, accountants generally refer to this as negative goodwill. All negative goodwill must be reported as a gain.
the net fair market value of assets = $1,069,200 + $2,494,800 - $594,000 = $2,970,000
gain = fair market value - purchase price = $2,970,000 - $2,178,000 = $792,000
Another way to refer to this type of situation is a bargain purchase.
At the end of 2017, Buckeyes Industries had a deferred tax asset account with a balance of $28 million attributable to a temporary book-tax difference of $70 million in a liability for estimated expenses. At the end of 2018, the temporary difference is $75 million. Buckeyes has no other temporary differences. Taxable income for 2018 is $200 million and the tax rate is 40%
Prepare the journal entry(s) to record income taxes assuming it is more likely than not that one-fourth of the deferred tax asset will not ultimately be realized.
Answers
Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Since ancient times, paying taxes to governments or officials has been a fundamental aspect of civilisation.
Deferred tax assets and liabilities are categorized in what ways on the balance sheet?If a reporting firm submits a classified balance sheet, deferred tax assets, liabilities, and any associated valuation allowance shall be classified as noncurrent.
Asset/liability strategy : Financial Accounting Standard (FAS) 109 Accounting for Income Taxes (FASB, 1992) outlines the current accounting for deferred taxes and mandates that firms account for taxes using the asset/liability model.
A delayed tax liability typically arises when the government's accounting practices diverge from those of a conventional business. One frequent illustration is the depreciation of fixed assets. Companies often use a straight-line depreciation approach to disclose depreciation in their financial accounts.
A "temporary difference" is the distinction between the carrying value and the tax base. The temporary difference is multiplied by the tax rate to determine the deferred tax liability. The only thing left to do is to calculate the difference once the deferred tax due has been established.
Answer : Taxes total 200, however there are additionally 70 million and in 2018 there is also.
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Assume MIX Inc. has sales volume of $1,198,000 for two products with May sales and contribution margin ratios as follows:
Product A: Sales $466,000; Contribution Margin Ratio 30%
Product B: Sales $732,000; Contribution Margin Ratio 60%
Required: Assume MIX's fixed expenses are $302,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.)
Total contribution margin
Operating income
Average contribution margin ratio
Breakeven sales volume
Answers
Answer:
total contribution margin = $579,000
operating income = $277,000
average contribution margin ratio = 48.33%
break even sales volume = $624,870.68
Explanation:
Product A: Sales $466,000; Contribution Margin Ratio 30%
Product B: Sales $732,000; Contribution Margin Ratio 60%
Mix's fixed expenses are $302,000
total contribution margin = ($466,000 x 30%) + ($732,000 x 60%) = $139,800 + $439,200 = $579,000
weighted contribution margin = (466/1198 x 30%) + (732/1198 x 60%) = 11.67% + 36.66% = 48.33%
break even sales volume = $302,000 / 48.33% = $624,870.68
operating income = $579,000 - $302,000 = $277,000
Assessing an organization's strengths and weaknesses is an essential part of aligning projects with the organization. A project may be difficult to complete successfully if it supports the organization's goals, but the organization does not have the right capabilities. All of these are factors that could cause the project to be unsuccessful EXCEPT: a. necessary skills required for potential projects are not available internally and not easily acquired. b. project management processes are clearly defined and understood. c. individuals and teams require higher level leadership to assign tasks and make project decisions. d. organization is risk-averse at all levels.
Answers
All of these are factors that could cause the project to be unsuccessful EXCEPT necessary skills required for potential projects are not available internally and not easily acquired.
What does a SWOT analysis in project management accomplish?SWOT analysis is a technique used in project management to evaluate a project's advantages, disadvantages, opportunities, and threats. It aids stakeholders in deciding which project components to concentrate on as well as any dangers to prepare for.
Which of the following, by choosing the appropriate programs or projects, prioritizing the work, and providing the required resources, is in line with organizational strategies?By choosing the appropriate projects, setting work priorities, and allocating necessary resources, portfolio management works in accordance with organizational strategies.
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what is the diference between gdp and gnp
Answers
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Answer:
GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
Explanation:
Hope it helps
Use the following information to calculate for the year ended December 31, 2018
(a) net income,
(b) ending retained earnings, and
(c) total assets.
Supplies $ 3,000
Revenues $25,000
Operating expenses 12,000
Cash 15,000
Accounts payable 9,000
Dividends 1,000
Accounts receivable 3,000
Notes payable 1,000
Beginning retained earnings 5,000
Equipment 6,000
Answers
Answer:
a. $13,000
b. $17,000
c. $27,000
Explanation:
a= Net income (loss) = Service revenue - Other operating expenses
Net income (loss) = $25,000 - $12,000
Net income (loss) = $13,000
b. Ending retained earnings = Beginning retained earnings + Net income - Dividends
Ending retained earnings = $5,000 + $13,000 - $1,000
Ending retained earnings = $17,000
c. Total assets = Cash + Accounts receivable + Supplies + Equipment
Total assets = $15,000 + $3,000 + $3,000 + $6,000
Total assets = $27,000
HELPPPP MEEEE
very late assignment
Answers
1) What are the basic revenue models for online content, and what is their major challenge?
Answers
In summary There are several basic revenue models for online content and the major challenge for online content revenue models is competition.
What are those models and challenge?
Advertising: This model generates revenue by displaying ads alongside online content. Advertisers pay for ad placements, and revenue is generated based on the number of clicks or views the ads receive.
Subscription: This model generates revenue by charging users a fee to access premium content. Users typically pay a monthly or annual fee to access the content, which is often exclusive or ad-free.
Freemium: This model generates revenue by offering basic content for free, while charging users for premium content or features. The basic content is used to attract users, and revenue is generated through the sale of premium content or features.
Pay-per-view: This model generates revenue by charging users to access specific content. Users pay a fee to access the content, which is typically a one-time charge.
Challenges: There are many websites and platforms offering online content, and users have many options to choose from. This means that it can be difficult for content providers to attract and retain users, and generate revenue.
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US REFERENCE: SO 9
5. Given an organisation in a different province or country, describe the way in which performance
would be adapted.
Answers
Answer:
Adapting performance in an organization in a different province or country would require an understanding of the local culture, customs, laws, and regulations. The organization would need to take into account the linguistic and communication barriers that may exist, and may need to provide additional training. Performance metrics would also need to be reviewed and adjusted to reflect the unique challenges and opportunities of the specific geographic location. Additionally, the organization would need to build relationships with local stakeholders, such as customers, suppliers, and government officials, to ensure and maintain its success in the new market. A comprehensive market analysis and strategy development would need to be undertaken to ensure that the organization is positioning itself for success and anticipating local challenges. Finally, the organization may need to adjust its policies and procedures to align with local laws and regulations and to refreflect on theect the cultural norms of the new market. Overall, it is important for the organization to remain adaptable and flexible to maintain success in a new market.
Explanation:
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Answers
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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What are the characteristics of Insurance contract
Answers
Answer:
Characteristic features of an Insurance Contract
Insurable interest. A person can enter into a contract of insurance only when he has some insurable interest on the life or property which is insured.
Contract of 'Uberrimae fidei' or Contract of Utmost good faith
1:Indemni0
2: Mitigation of Loss
3: Causa proxima
4: Subrogation
5: Contribution
6: Re-insurance
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1.List the three steps of the planning phase of the strategic marketing process. Briefly describe the core elements and the purpose of the three steps. 2.Which demographic cohorts are also known as the Millennial and Z Generations? Describe the interests and lifestyles of each cohort and explain why it is important to marketers. 3.Explain the actions and considerations that relate to the five stages of the consumer purchase decision process.
Answers
Answer:
1.List the three steps of the planning phase of the strategic marketing process.
The three sepecifc steps are:
Defining target audience - in this step, a segment of the market is chosen as the target for the good or service. (for example, young people, old people, wealthy people, poor people, etc).Setting measurable goals - in this step, a specific sales volume goal is determined.Developing budget - in this step, a detailed budget is developed in order to carry out the strategy that should help the company reach its marketing goal (previous step).2.Which demographic cohorts are also known as the Millennial and Z Generations?
Millenials: those born between 1981 and 1996. They tend to be progressive, and be interested in social media, internet culture, and technology.
Generation Z: those born between 1996 and and the early 2010s. They are much like millenials but even more so: more progressive, more interested in technology, and in social justice causes.
This information is crucial for marketers because they help complete the first step in the marketing planning process: targeting an audience. The demographic cohorts are in fact, market segments, albeit very broad ones.
3.Explain the actions and considerations that relate to the five stages of the consumer purchase decision process.
Problem or need recognition: in this stage, the customer becomes aware of a need that has not been met.
Information search: the customer looks for a product or service that can meet his needs.
Evaluation of alternatives: the customer chooses among the goods or services that could meet his needs.
Purchase: the customer completes the market transaction: the purchase of the good or service.
Post-purchase behaviour: the customer makes use of the product, or service, and decides whether his need was satisfied or not. ALso decides whether to buy the same good or service in the future or not.
Jeff needs car insurance. He is debating between purchasing liability insurance or a comprehensive policy. What is one TRUE statement about these options that can help him make an informed decision?
a) Liability insurance offers coverage when there is a theft.
b) Liability insurance offers to replace the car if it is destroyed in an accident.
c) A comprehensive policy usually requires a lower premium than liability coverage. d) A comprehensive policy is generally required if a bank helps you purchase a vehicle.
Answers
A comprehensive policy is generally required if a bank helps you purchase a vehicle.
Before, buying a car insurance policy, Jeff must take into consideration that a comprehensive policy is generally required if a bank helps an individual to purchase a vehicle. Therefore, the option D holds true.
What is the significance of a car insurance policy?There are a number of car insurance policies, such as a comprehensive car insurance that ensures reimbursement of the damages caused due to an accident for which the policy has been made. A comprehensive insurance policy is also the most commonly taken car insurance policy.
A liability insurance policy, on the other hand, is a policy that ensures the reimbursement of the claim of damages caused to another person's property due to the car being involved in such accident.
Therefore, the option D holds true regarding the significance of a car insurance policy.
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Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not enforceable because:.
Answers
Esmeralda promises to pay Fiorello $400 because ""he does not have as much money as other people. "" Esmeralda's promise is not enforceable because: Fiorello has not given consideration in return.
INTERPRETATION-
Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.
Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.
Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
Esmeralda promises to pay Fiorello $400 because “he does not have as much money as other people.” Esmeralda’s promise is not enforceable because
A. Fiorello has not given consideration in return.
B. Esmeralda could have paid more.
C. the redistribution of wealth on a one-to-one basis is not a valid social goal.
D. society does not want gifts cheapened by making them legally enforceable.
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Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $4 is
a. 8 units.
O b. 7 units.
O c. 14 units.
d. 6 units.
Answers
If these are the only two sellers in the market, then the market quantity supplied at a price of $4 is D. 6 units.
How to explain the quantityThe total number of units bought by purchasers in a single market within a specific time period at the market price is known as the market quantity.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time.
Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service. In this case,the correct option is D.
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When Mars set up the Cocoa Exchange as a subsidiary, it embarked on a strategy of _______. a.supply chain management b.multichannel distribution c.strategic channel alliance d.omnichannel retailing e.digital distribution
Answers
Answer:
A
Explanation:
Is mty thinking.......
3. Will mark brainlest!!!
Explain and give examples showing how enterprises stay in business when they sell at higher
prices the same goods and services sold by other businesses.
Answers
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Please post about a time when your attitude made a positive difference.
Answers
Developing a positive mindset at work can help you achieve success. It has happened for me several times in my career.
One of the instances I'd like to tell is when I was vying for the position of manager in my workplace as an employee.
In a telecom company, I managed the sales department. I had been working there for 7 years with no success; three of the employees put in less time than I did yet managed to get the top position. I was demotivated by the thought that perhaps there is something I am not doing correctly when I repeatedly lost the post to them. Even though my sales figures were strong, luck evaded me in some way.
Since there had been no advancement, it had been ten years. Nonetheless, I never wavered from my commitment to keep trying. I consistently adhered to the fundamentals and worked to become a better seller. My sales started to rise considerably.
Ultimately, the figures were significant enough to turn the proper heads. Finally, I received a promotion, but guess what? It was to the position of Area Retail Head, which is much more important than Manager. While it took ten years, I am still happy with my accomplishments. It's still as delicious as it was before.
Therefore, being positive in all those years, not looking back or getting discouraged paid dividends and made a huge difference in my life.
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What is a benefit of having a good credit score?
Loan sharks will be less likely to bother you.
You'll get accepted to better education institutions.
You'll get more job offers.
When you need a loan, you'll have more loan offers to pick from.
Answers
Answer:
D
Explanation:
Answer:
D - When you need a loan, you'll have more loan offers to pick from
Explanation:
Since you have a good credit score, people know you handle your money well and pay your bills on time.
That way they will be able to trust you with whatever money they loan you. Because they know you will pay them back in full as soon as you can.
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10.
The average age of 6 girls is 8 yrs 4mths. Find their total age.
A. 60 yrs 0 mth
B. 61 yrs 3mth C. 50 yrs 3mth D. 50 yrs
Answers
Answer:
50yrs 4 mth
Explanation:
Because 8yrs 4mth × 6 girls = 50yrs 4mth
The total age of 6 girls is 50 years. The correct answer would be an option (D).
What is the arithmetic mean?The arithmetic mean is defined as the ratio of the sum of observations to the total number of observations. It can be referred to as the average of a specific set of data or the arithmetic mean.
The total age of the 6 girls can be calculated by multiplying the average age by the number of girls.
Since the average age is 8 years 4 months, we can multiply this by 6 to find the total age:
Total age = 8 years 4 months × 6
Total age = 48 years 0 months + 24 months
Total age = 48 years + 2 years
Total age = 50 years
Therefore, the total age of 6 girls is 50 years.
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Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method, 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,730; SSTR = 4520.
Answers
The analysis of variance (ANOVA) table is a tabular representation of the findings. It details each source of variation's sources of variation, degrees of freedom, sum of squares, mean squares, and F-ratio.
The ANOVA tableTo set up the ANOVA table, we need the following information:
Total sum of squares (SST): 10,800
Sum of squares between treatments (SSTR): 4560
Calculating the sum of squares within treatments (SSE):
SSE = SST - SSTR
SSE = 10,800 - 4560
SSE = 6240
For degrees of freedom (df),
Total degrees of freedom (dfTotal) = Total number of observations - 1
Treatment degrees of freedom (dfTreatment) = Number of treatments - 1
Error degrees of freedom (dfError) = dfTotal - dfTreatment
In this case.
Total number of observations = 30
Number of treatments = 3
dfTotal = 30 - 1
= 29
dfTreatment = 3 - 1
= 2
dfError = 29 - 2
= 27
Calculating mean squares (MS),
MST = SSTR / dfTreatment
MSE = SSE / dfError
MST = 4560 / 2 = 2280
MSE = 6240 / 27 ≈ 231.85
Calculating the F-ratio,
F-ratio = MST / MSE
F-ratio = 2280 / 231.85
≈ 9.83
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Question:
Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method. 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units, assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,800. SSTR = 4560. Set up the ANOVA table for this problem. Using alpha = .05. test for any significant difference in the means for the three assembly methods.
How much money do people without a highschool degree make per year in adverage
Answers
Answer: Perhaps unsurprisingly, individuals without a high school diploma or an equivalent (such as a GED) earn the lowest salary compared to all other education levels: $626 per week, or roughly $32,565 per year. These individuals also have the greatest risk for unemployment, with an average unemployment rate of 8.3 percent.
Explanation: hope this helps
which of the following correctly pairs a region with its percent increase in electricity demand between 2016 and 204
Answers
A.India 227% correctly pairs a region with its percent increase in electricity demand between 2016 and 2040.
What is electricity demand charge ?To provide electricity to our homes and businesses, electricity is always flowing. How much of it is consumed at any given time determines the demand for it. The greater the demand, the more electricity individuals are utilising at any given time.
The demand charge is a regular fee that you must pay to cover the expense of maintaining the infrastructure needed by the electric company to supply electricity to your building. The demand fee amount on your monthly bill is determined by the highest kW value of your energy use for the previous month.
Hence the correct answer is India 227%.
The proper question is "Which of the following correctly pairs a region with its percent increase in electricity demand between 2016 and 2040?
A. India 227%
B. India 327%
C. India 127%"
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AgCo sells corn in a perfectly competitive market. Say the current market price for a bushel of corn is $4.00. If AgCo prices at $4.10 per bushel for its corn, a. AgCo will sell less corn than other producers but still earn a reasonable profit. b. AgCo will sell no bushels of corn. c. AgCo's total revenue will increase. d. AgCo will maximize profit at that price.
Answers
Answer:
b. AgCo will sell no bushels of corn.
Explanation:
A perfectly competitive market refers to market has many buyers and sellers will all the market selling the undifferentiated product without any difference.
Some of the others attributes of a perfectly competitive market are that buyers and sellers have perfect information about the price of a good, no barriers to entry and exit, similar products are being sold, there are free entry and exit to the market, and all sellers are price takers.
All sellers are price takers implies that the price of good is determined or given by the market. Therefore, any attempt to increase the price beyond the price given by the market will result into a zero sale because the buyers will immediately switch to another seller selling at the market price which lower.
Based on the above explanation, AgCo will sell no bushels of corn because its prices at $4.10 per bushel for its corn is higher than the current market price for a bushel of corn of $4.00.
Hannah had to pay an additional $2.80 on her $40.00 order of supplies for her business. The additional $2.80 that Hannah paid on her purchase is MOST likely a _____ tax.
A. point of purchase
B. sales
C. excise
D. distribution
Answers
Answer: B. sales
Explanation: The additional $2.80 that Hannah paid on her purchase is MOST
SALES