Calculate cost of sales for the month of August 2021 for Honeysuckle Traders. (8) Show all workings as marks will be allocated. Question 3 (Marks: 30) Honeysuckle Traders is a plumbing shop located in Pretoria and is a registered VAT Vendor. The following transactions took place during the month of August 2021 relating to sale of goods: DATE Transaction 5 Purchased goods from Blockfree Ltd R12 650 (including VAT). Sold goods for cash R2 000 (excluding VAT). 6 7 Purchased goods for cash R13 800 (including VAT). 9 Sold good on credit to Mr Drain R1 150 (including VAT). 10 Mr Drain returned goods R230 (including VAT). 12 Purchased goods on credit from Pipes Unlimited R10 000 (excluding VAT). Returned damaged goods to Pipes Unlimited R5 000 (ex ing VAT). 13 18 Purchased goods on credit from Waterworks Ltd for R3 450 (including VAT). Owner took goods for personal use R2 000 (excluding VAT). 20 23 Sold goods for cash R1 380 (including VAT). The inventory balance as at 31 July 2021 = R45 000 The inventory balance as at 31 August 2021 = R48 000 Carriage on purchases for August = R2 500 excluding VAT Import duties on purchases for August = R1 500

In the given situation international business is an example of the (B) licensing business.

A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.

Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.

Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.

The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.

A company operating without the necessary business permits may be fined or shut down by government organizations.

Therefore, in the given situation international business is an example of the (B) licensing business.

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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?

A. Franchising

B. Licensing

C. Exporting

D. Importing

In general, a weaker currency raises the cost of imports while lowering the cost of exports for buyers abroad, which encourages exports. A country's long-term trade surplus or deficit can be impacted by a country's currency, which might be weak or strong.

When visiting a place with a stronger currency, we might also feel the effects of devaluation since we require more of our own currency to match it. Salaries and savings may lose value as a result of some devaluations, which is unfavorable. However, in a nation where tourism is the major source of income, the exchange rate draws tourists.

The same is true with remittances, which grow in value and result in more money coming in from nations with stronger currencies. Devaluation can also increase the income of persons who create goods to sell abroad or earn money in a different currency due to a higher exchange rate with their home currency.

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Stock option compensation is a type of compensation package that provides employees with the right to purchase company stock at a predetermined price at some future date.

It is a common way for companies to incentivize employees and align their interests with those of the company. However, the accounting for stock option compensation can be complex and involves considerations of performance condition, market condition, and service condition.

Performance condition is a type of vesting condition that is tied to the achievement of a specific performance target. For example, a company may offer stock options that vest only if the employee achieves a certain sales target or a certain level of profitability. When performance conditions are met, the stock options become exercisable. The accounting treatment for performance-based stock options varies depending on whether they are classified as liability or equity awards. If the performance target is considered probable of being met, the expense is recognized over the vesting period. If the target is not probable, no expense is recognized until the target is met.

Market condition is a type of vesting condition that is tied to the performance of the company's stock price or the stock market as a whole. For example, a company may offer stock options that vest only if the company's stock price increases by a certain percentage or if the stock market as a whole outperforms a specific benchmark. The accounting treatment for market-based stock options also varies depending on whether they are classified as liability or equity awards. If the target is considered probable of being met, the expense is recognized over the vesting period. If the target is not probable, no expense is recognized until the target is met.
Service condition is a type of vesting condition that is tied to the employee's continued employment with the company.

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The correct statement about Real-Time system is (a) provides real-time information in response to query requests.

A "Real-Time" system is a system which provides the real-time information in response to query-requests. These systems are designed to provide users with immediate access to up-to-date information, typically through the use of online transaction processing (OLTP) systems.

The Real-time systems are used in a variety of applications, such as stock market trading, airline reservations systems, and traffic control systems, where immediate access to current information is critical to decision-making and operational efficiency.

These real-time systems rely on advanced data-processing and communication technologies to deliver information in real-time.

Therefore, the correct option is (a).

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Answer:

$273.96

Explanation:

The balance will be the future value of $209, at 7% for four years.

The formula for calculating the future value is as below.

FV = PV × (1+r)^n

Where PV is the present value, $209

r= is the interest rate  7% or 0.07

n= 4 years

FV = $209 x ( 1+ 0.07) ^4

Fv =$209 x 1. 310

Fv = 273.9563

Fv= 273.96

Answer:

The actions of an employee are not attributable to the employer if the employer has not directly or indirectly encouraged the employee to violate a law and if the employee has actually attended such a training program.

Answer:

$484.11

Explanation:

Calculation to determine How much money does Bridget have in her checking account?

Previous balance of $181.36

Add Total deposits $475.00

Less Total checks written $165.25

Less service charge $7.00

Checking account balance $484.11

Therefore How much money does Bridget have in her checking account is $484.11

Answer:

i dont like the idea of them but if  you must get one to survive then do it

Explanation:

Answer:

Explanation:

Joseph biden

Country m hopes to encourage economic growth by investing in education to reduce unemployment and increase production.

Option A. is correct.

Education is essential for a strong economy, as it enables individuals to acquire the skills and knowledge necessary to participate in the workforce and contribute to the economy.

Additionally, investing in education can help to reduce unemployment, as individuals with higher levels of education are more likely to be employed.

This can result in increased production, as more individuals are able to contribute to the economy.

Furthermore, investing in education can also help to create new technologies and products, which can further boost economic growth.

Thus, investing in education to reduce unemployment and increase production is an effective way for Country M to encourage economic growth.

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Answer:

1) Auto loan - a lot of people take auto loans to purchase their dream car although it considered as a bad debt as a car usually is very expensive.

2) potential debt I wouldn't mind getting into would probably be something for myself aka self development. investing in yourself by borrowing for more education or to consolidate debt. it can increase your ability to save for the future, build wealth, etc.

1) During a situation where economic growth has started slowing and the unemployment rate has increased over the past four months, the government needs to change GDP by increasing it's spending and lowering taxes. The above will inject money supply into the economy and increase spending power.

2) Where there has been strong growth in GDP over the past year, unemployment is very low, and inflation has started to rise, the government needs to curb spending by selling money market instruments such as government bonds. Taxes should be increased to reduce the money supply.

3) Where prices are stable, unemployment is low and the economy is growing at an average rate the government should focus on expanding the economy through exports.

Gross domestic product (GDP) is a financial measurement of the market worth of all final goods and services produced and sold in a country during a given period of time.

Most people agree that a higher GDP is desirable because it is associated with greater economic opportunity and a higher standard of living. As you can imagine, a country with a high GDP can still be a less than optimal place to live, so there are other factors to consider.

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Answer:

1.425 dollars of value added

Explanation:

The value of the painting added by Caroline is between the $75 dollar of raw materials and the $1,500 which is the amount at which she sold the canvas in the art gallery.

If, over the course of time the canvas market value increase this will not change the value added by Caroline.

1,500 - 75 = 1.425 dollars

For economists, substitutes for laboratory experiments often come in the form of natural experiments, field experiments, and quasi-experiments.

What are the significance of these experiments?

A natural experiment is a situation where the assignment of subjects to groups is determined by factors outside of the researcher's control, such as policy changes, weather conditions, or natural disasters.

For example, the minimum wage increase in a particular state can be considered a natural experiment, where the effects of the policy change can be observed by comparing the outcomes of the affected and non-affected groups.

A field experiment is a study conducted in a real-world setting, where the researcher manipulates one or more variables and observes their effects on the subjects.

For example, a researcher may conduct a field experiment to test the effectiveness of a new advertising campaign by randomly assigning different groups of consumers to different versions of the campaign.

A quasi-experiment is a study where the assignment of subjects to groups is based on some criteria or variable, but the researcher does not have full control over the assignment process.

For example, a study comparing the outcomes of patients who received a new drug to those who did not, where the assignment to the treatment and control groups is based on the patients' medical condition and the availability of the drug, can be considered a quasi-experiment.

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Answer:

The answer is D

Explanation:

I got it right on my quiz. :)

Before expiration, the time value of an in-the-money put option is always positive., Therefore, the correct option is C

Time Value of Money

The idea of the time value of money (TVM) holds that a quantity of money is worth more now than it will be at a later time because of its potential for earnings in the interim. A foundational idea in finance is the time value of money. A sum of money in your possession is worth more than a similar sum that will be paid in the future. The present discounted value is another name for the time value of money. A sum of money, once invested, rises with time, therefore investors prefer to receive money today rather than the same amount of money in the future. For instance, interest is paid on funds deposited into savings accounts.

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The corpus callosum  is the part of the brain that has white matter that helps in  the connection  of the left and the right cerebral parts of the human brain.

The role of the Corpus Callosum is to make sure that the right side and the left side of the brain are able to connect.

By the word connect, this would mean that they are able to send messages to each other.

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Answer:

a Conflict of Interest Issue

Explanation:

In many countries, including the USA, the legal system is built on an adversarial process. Each of the conflicting parties is allowed the chance to argue their case as persuasively as possible. It means each side independent representation to defend their rights.

In the adversarial process, a lawyer must be loyal to their client to represent them effectively. It is practically impossible to be loyal to two clients on opposite sides of a court proceeding. Conflicts of interest will arise as the same lawyer cannot argue for and against the issue in the same court.

Option 3rd is correct. An increase in an increase in debt-to-equity ratio (leverage ratio) change is good news for the company.

The Debt to Equity (D/E) ratio is used to assess a company's financial leverage and is calculated by dividing the company's total debt by its equity. The D/E ratio is an important key figure in corporate finance. This is a measure of the extent to which a company finances its operations with debt rather than with its own funds.

Leverage is a special kind of leverage. The Debt to Equity (D/E) ratio compares a company's total debt to equity and can be used to assess a company's dependence on debt.

Debt-to-equity ratios vary by industry and are best used to compare direct competitors or measure a company's dependence on debt equity over time.

For similar companies, higher D/E ratios indicate higher risk, but especially low ones may indicate that the company is not using leverage to expand. Investors often change the D/E ratio to include only long-term debt, as it is riskier than short-term debt. 

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In market equilibrium, there are neither shortages nor surpluses.

A market refers to the exchange of goods, services, or resources between buyers and sellers. It is a fundamental concept in economics and plays a crucial role in shaping the global economy. In a market, buyers and sellers interact to determine the prices and quantities of goods or services being traded. Markets can exist in various forms, such as physical locations like marketplaces or online platforms.

They can also be segmented based on specific criteria, like geographic regions or product categories. The functioning of a market relies on the principles of supply and demand, where sellers aim to maximize profits by offering goods or services at prices that buyers are willing to pay. Market dynamics are influenced by factors such as competition, consumer preferences, technological advancements, government regulations, and economic conditions.

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The use of owned media when generating publicity allows a marketing manager a great deal of versatility with the messaging content.

What does "owned media" entail?

The set of communication channels and outlets over which an organization or individual has complete control is referred to as owned media. Websites, blogs, email newsletters, forums, and other similar properties are included.

The content is entirely within your creative control. You can focus on your informing explicitly to your favored market. You can use the channels for free. You can establish connections with your clients.

Give me five examples of media.

Print media (books, magazines, newspapers), television, movies, video games, music, cell phones, a variety of software, and the Internet are all examples of modern media formats. Content and a device or object that delivers that content are both components of each type of media.

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Full Question = The use of ______ media when generating publicity allows a marketing manager a great deal of versatility with the messaging content.

a. owned

b. paid

c. earned

The type of contract that is missing from the this list of contracts covered by the Florida statute of frauds: sales contracts, option contracts, listing agreements for a term exceeding a year, deeds and mortgage instruments, and easements.

This is the law that has it that all agreements has to be done in writing so as to be made enforceable.

The goal is to try to prevent issues where people may want to defraud others .

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The benefits of massage for Mary's baby born at 28 weeks include improved weight gain, enhanced motor development, and reduced stress levels.

Massage therapy has been shown to have numerous positive effects on premature infants. One of the main benefits is improved weight gain. Regular massage can stimulate the release of growth hormones and increase the production of insulin, leading to better weight gain in premature babies. Additionally, massage can help enhance motor development by promoting muscle strength, coordination, and flexibility. It can stimulate the nervous system and encourage the development of motor skills.

Furthermore, massage therapy can help reduce stress levels in premature infants. Premature babies often experience high levels of stress due to their early entry into the world and the unfamiliar environment of the neonatal intensive care unit. Gentle massage techniques can provide comfort and relaxation, soothing the baby's nervous system and promoting better sleep patterns.

Overall, incorporating massage therapy as part of Mary's baby's medical care can offer various benefits, including improved weight gain, enhanced motor development, and reduced stress levels.

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Answer and Explanation:

The Journal entry is presented below:-

1. Accounts receivable Dr, $200,000  

       To Sales revenue $200,000

(Being sales revenue is recorded)

2. Advertising expense Dr, $10,000

Sales revenue Dr, $12,000

     To Cash $$22,000

(Being expenses is recorded)

Cash Dr, $200,000

    To Accounts Receivable $200,000

(Being cash receipt is recorded)

Answer: a. $14.9

b. $3725

Explanation:

a. What is the offer price?

This will be calculated as:

= NAV / (1 - load charge %)

= 13.85 / (1 - 7%)

= 13.85 / (1 - 0.07)

= 13.85 / (0.93)

= $14.9

B. What did Lee pay for his investment?

This will be:

= Number of shares bought × Offer price

= 250 × $14.9

= $3725

Answer:

Ground Water Contamination

Explanation:

I'll be honest I'm not 100% sure.

The most common functional groups to assist Procurement in negotiations are finance, legal, and operations. Finance can provide information on pricing and financial performance, legal can provide advice on contract terms and conditions, and operations can provide insight into production and manufacturing capabilities.

1. Establish Goals: First, Procurement will need to establish the key goals of the negotiation in order to assess the supplier's bid. These goals may include getting the best price possible, ensuring the supplier can meet the deadlines and the quality standards, and understanding the terms of payment and delivery.

2. Analyze the Supplier Bid: Procurement should then analyze the supplier's bid to ensure it is suitable for the order. This includes assessing the price, quality, delivery times, payment terms, and any other factors that are important for the order.

3. Research the Supplier: Procurement should research the supplier to ensure they have the resources and expertise to deliver the order. This can include looking at the supplier's track record, customer feedback, and references.

4. Use Negotiation Tactics: Procurement should use negotiation tactics to get the best deal possible from the supplier. This can include asking for discounts, offering incentives for early delivery, negotiating for better payment terms, and so on.

5. Leverage Functional Groups: Procurement should leverage other functional groups, such as legal, finance, or operations, to provide additional leverage in negotiations. These groups can provide additional resources or expertise to assist.

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Equilibrium price: $11.50 per 12-pack of beer.

Equilibrium quantity: 1150 12-packs of beer.

To calculate the equilibrium price and quantity in the absence of a tax, we need to find the point where the quantity demanded equals the quantity supplied. This occurs at the intersection of the demand curve and the supply curve.

In this case, we have the demand curve for 12-packs of beer as

Q = 2300 - 100P . To find the equilibrium price and quantity, we also need the supply curve.

Since the question doesn't provide information about the supply curve, we can't determine the exact equilibrium price and quantity without that information. The supply curve represents the quantity of beer that producers are willing to supply at different prices.

However, if we assume a hypothetical supply curve as \(\( Q = 100P \)\) (a linear relationship where quantity supplied is directly proportional to price), we can proceed with calculating the equilibrium price and quantity.

To find the equilibrium price, we set the quantity demanded equal to the quantity supplied:

\(\( 2300 - 100P = 100P \)\)

Solving this equation, we can find the equilibrium price:

\(\( 2300 = 200P \)\\\( P = \frac{2300}{200} \)\\\( P = 11.5 \)\)

So, the equilibrium price in the absence of the tax, assuming the hypothetical supply curve, would be $11.50 per 12-pack of beer.

To find the equilibrium quantity, we substitute the equilibrium price back into either the demand or supply equation. Let's use the demand equation:

\(\( Q = 2300 - 100P \)\\\( Q = 2300 - 100(11.5) \)\\\( Q = 2300 - 1150 \)\\\( Q = 1150 \)\)

Therefore, the equilibrium quantity in the absence of the tax, assuming the hypothetical supply curve, would be 1150 12-packs of beer.

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The complete question is:

Benefit Cost Analysis:

1c. Given the demand curve for 12-packs of beer as \( Q = 2300 - 100P \), where \( Q \) represents the quantity demanded and \( P \) represents the price, how would you calculate the equilibrium price and quantity in the absence of the tax?