Euro credits feature rollover pricing.
O a. all of these answers
O b. none of these answers
O c.
Rollover pricing was created on Euro credits so that Euro banks do not end up paying more on Euro currency time deposits than
they earn from the loans.
O d. The lending rate on these Euro credits is stated as LIBOR + X percent, where X is the lending margin charged depending upon the
credit worthiness of the borrower. LIBOR is reset according to a set schedule
O
e.
Because of the rollover pricing feature, a Euro credit may be viewed as a series of shorter-term loans, where at the end of each time
period (generally three or six months), the loan is rolled over and the base lending rate is repriced to current LIBOR over the next
time interval of the loan.
Answers
In order to prevent European banks from having to pay more for time deposits in euros than they make on the loans, rollover pricing was introduced for Euro credits.
What is the price of the feature rollover for Euro credits?In order to prevent European banks from having to pay more for time deposits in the same currency than they are making back in loans, rollover pricing was developed for Euro credits.In order to prevent European banks from having to pay more for time deposits in euros than they make on the loans, rollover pricing was introduced for Euro credits.Lending in a currency other than the lending bank's own currency is referred to as "Eurocredit." The majority of the time, only major enterprises and governmental organizations apply for Eurocredit loans because of their size and duration.To learn more about Euro credits refer to:
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Related Questions
were can i watch boruto on a school chrome book
Answers
Explanation:
Naruspot.tv and Kissanime are the ones I used
Answer:
*me trying to find a place to watch naruto shippuden
*accidentally find this
*me: (☆▽☆)
Explanation:
In 2012, XYZ Inc., a medical equipment distributor, sold 10,000 units of its hospital beds at an average price of $500 per unit. The company reported estimated returns and allowances of $200,000. The company purchased 11,000 units of its product from its manufacturer in 2012 at an average cost of $350 per unit. XYZ began 2012 with 1,000 units of its product in inventory (carried at an average cost of $300 per unit). Operating expenses (excluding depreciation) in 2012 were $400,000, and the depreciation expense was $100,000. XYZ had $2,000,000 in debt outstanding throughout all of 2012, which carried an average interest rate of 10%. The company’s tax rate is 40%. Its fiscal year runs from January 1 through December 31. Given this information, prepare the following documents: a. XYZ’s 2012 income statement b. XYZ’s 2012 ending inventory balance (both in unit and in dollar terms)
Answers
a. The preparation of XYZ's Income Statement for the year ended December 31, 2012 is as follows:
Net sales revenue $4,800,000
Cost of goods sold 3,450,000
Gross profit $1,350,000
Operating expenses 400,000
Depreciation expense 100,000 500,000
Operating income $850,000
Interest Expense 200,000
Income before taxes $650,000
Taxes (40% x $650,000) 260,000
Net income $390,000
b. The ending inventory balance of XYZ's 2012 is as follows:
Units = (Beginning inventory + Purchases - Sales)
= 2,000 beds (1,000 + 11,000 - 10,000)
Dollars = $700,000 (2,000 x $350).
Data and Calculations:
Units of beds sold = 10,000
Average price per unit = $500
Sales revenue = $5,000,000
Estimated returns and allowances = $200,000
The Net sales revenue is $4,800,000 ($5,000,000 - $200,000).
The Cost of goods sold is $3,450,000 (9,000 x $350 + 1,000 x $300).
The Ending inventory is $700,000 (2,000 units x $350).
Operating expenses = $400,000
Depreciation expense = $100,000
Interest expense = $200,000 ($2,000,000 x 10%)
Tax rate = 40%
Thus, the ending inventory balance of XYZ's 2012 is 2,000 beds, worth $700,000.
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outsourcing the performance of value chain activities presently performed in-house to outside vendors and suppliers makes strategic sense when an activity can be performed better or more cheaply by outside specialists. it allows a company to focus on its core business and leverage its key resources. outsourcing won't adversely hollow out the company's technical know-how, competencies, or capabilities while it improves organizational flexibility and speeds time to market. it improves organizational flexibility and speeds time to market. all of these.
Answers
The correct answer is the last option i.e. All of these.
When an activity can be performed by outside specialists better or at a lower cost, outsourcing the performance of value chain activities currently performed in-house makes strategic sense. It enables a company to concentrate on its core operations and make use of its most important assets.
While increasing organizational flexibility and shortening time to market, outsourcing will not harm the company's technical know-how, competencies, or capabilities.
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Which of the following is NOT job of an operations manager?
A. Overcoming inefficiencies
B. Acquiring inputs
C. Filing lawsuits against competitors
D. Managing resources
Answers
The correct option is C, filing lawsuits against competitors. The operations manager is responsible for overseeing the production and operational activities of the company. However, filing lawsuits against competitors is not the job of an operations manager.
This is the responsibility of the legal department or the organization's legal counsel. The legal team is responsible for filing lawsuits against competitors if the organization's rights and interests are violated. The operations manager does not have the authority or means to take legal action against competitors. The primary job of an operations manager is to ensure that all activities run smoothly and efficiently.
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You have 24 cups of milk.
You need 1.25 cups to make one serving of deep-fried chicken.
How many servings can you make? Whole servings only - round down
rather than using partial servings.
Answer:
to make a servings of roast beef gravy.
Answers
Answer:
19.2 serving
Explanation:
Because if you have 24 cups of milk and need 1.25 cups to make 1 serving we would have to divide.
24 cups of milk - 1.25 cups of milk per serving = 19.2
Explain other advantages of the autociatic leadership style. se Se busines
Answers
The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.
Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.
Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.
However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.
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An indirect distribution channel uses agents, wholesalers, and/or retailers.
Question 6 options:
True
False
Answers
determine the net present value of this investment, assuming a 10% minimum rate of return. use the present value tables provided above. if required, round to the nearest whole dollar.
Answers
The net present value of this investment is $19228
Table value Cash Present value
Flow Cash flow
1 0.870 $72000 $62640
2 0.756 $55000 $41580
3 0.658 $42000 $27636
4 0.572 $28000 $16016
Present value $147872
of net cash flow
(Less) Amount to be ($16700)
Net present value ($19228)
No, because the net present value indicates that the return on the proposal is less than the minimum rate of interest 15%.
Net present value- The difference between the present value of cash inflows and the present value of cash outflows over time is defined as net present value. The net present value (NPV) is a calculation used in capital budgeting and investment to determine the profitability of a proposed investment or project.
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how could competition policy undo the wrongs of the past and make south Africa a better place
Answers
Answer:
To achieve its purpose, the Commission's core functions are the following: implement measures to increase market transparency; implement measures to develop public awareness of the provisions of the Act; investigate and evaluate alleged anti-competitive conduct; conduct formal inquiry in respect of the general state of ...
Explanation:
It is a structure which regulates the markets and monopolies in the country. It generally aims in preventing monopoly growth. It benefited by balancing the act of economic transformation that will benefit all South Africans through ownership, the participation of small and medium enterprises and employment.
At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations:
Estimated warranty expense, $36 million temporary difference: expense recorded in the year of the sale; tax-deductible when paid (one-year warranty).
Depreciation expense, $116 million temporary difference: straight-line in the income statement; MACRS on the tax return. Income from installment sales of properties, $60 million temporary difference:
income recorded in the year of the sale; taxable when received equally over the next five years.
Rent revenue collected in advance, $36 million temporary difference; taxable in the year collected; recorded as income when the performance obligation is satisfied in the following year.
Required: Assuming DePaul will show a single noncurrent net amount in its December 31 balance sheet, indicate that amount and whether it is a net deferred tax asset or liability. The tax rate is 25%. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
Answers
Answer: $26 million Net deferred tax liability
Explanation:
Net deferred tax liability (asset) = (Taxable temporary differences - Deductible temporary differences)* Tax rate
Taxable temporary differences = Depreciation expense + Income from installment sales
= 116 + 60
= $176 million
Deductible tax differences = Estimated warranty expense + rent revenue collected in advance
= 36 + 36
= $72 million
Net deferred tax liability (asset) = (176 - 72) * 25%
= $26 million
Why should you notify the credit bureaus if you are a victim of identity theft?
A. they can post an identity theft alert on your credit report.
B. they can freeze your accounts to stop the identity theft.
C. they can conduct a criminal investigation into the issue.
D. They can make sure your financial losses are repaid in full.
Answers
Answer: A and or B
Explanation: A and or B because they could do both but the first thing they would do is B but depending on the place they could also do D but most likely A and or B.
The unit rate for 63 meters in 36 minutes
Answers
Answer:
1.75
Explanation:
Divide distance by time
Which factor would influence the premiums of health insurance?
A.) Building Size
B.) Deductible
C.) Elimination Period
D.) Profession
Answers
Answer:
B.) Deductible
Explanation:
A deductible is an amount that the insured must pay himself/herself before the insurance company starts paying his/her medical expenses. E.g. if your deductible is $1,000, before your medical expenses are paid by your insurance company, you will have to pay the $1,000 yourself.
The higher the deductible, the lower the insurance premium. This applies to every single type of insurance policy where deductibles might apply.
Answer:
deductible
Explanation:
Economics
Many manufacturing companies are investing in robots to complete the work traditionally done by employees. How would this have an impact on the companies' fixed and variable costs?
Answers
Investment in robots will increase the fixed cost and reduce the variable cost.
What is the impact on fixed and variable cost?
Fixed cost is the cost that remains constant regardless of the level of output. Variable cost is the cost that is determinant on the level of output. It increases with the level of output.
Investment in robots would be expensive for the firm. This would increase the fixed cost but cost of using the robots do not depend on their output. Thus variable cost will be reduced.
On the other hand, using employees would reduce fixed cost and increase the variable cost. Employees are usually paid based on their level of output. This would increase the variable cost. There is little or no upfront cost required with employing labor. Thus fixed cost is low.
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Which examples demonstrate common qualifications for Quality Assurance careers? Check all that apply.
Claudia designs images and writes text for a product advertisement.
Harrison stands for long periods while checking the quality of a factory’s manufacturing process.
Mercedes inspects products on an assembly line to make sure they meet the company’s standards.
Lyle convinces customers to purchase defective products for a discounted price.
Arturo performs laboratory tests to check for pollution in the area near a factory.
Simone weighs and measures products to make sure they are the right size.
Answers
Answer:
2, 3, 6
Explanation:
Answer:
2,3,6 just did it on edge
Explanation:
The following examples are defined as what kind of property: canals, ponds, machinery, and buildings
Answers
Answer:
And the question is? ...............
Antiques ‘R’ Us is a mature manufacturing firm. The company just paid a dividend of $11.60, but management expects to reduce the payout by 5.25 percent per year, indefinitely. If you require a return of 11 percent on this stock, what will you pay for a share today?
Answers
If you require a return of 11% on this stock, you would be willing to pay approximately $191.13 for a share of Antiques 'R' Us today.
To determine the current share price of Antiques 'R' Us, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
Given:
Dividend just paid = $11.60
Dividend reduction rate = 5.25% per year
Required return = 11%
We need to find the present value of future dividends to calculate the current share price.
Step 1: Calculate the expected dividend in the next period:
Expected dividend in the next period = Dividend just paid × (1 - Dividend reduction rate)
Expected dividend in the next period = $11.60 × (1 - 0.0525) = $11.60 × 0.9475 = $11.007
Step 2: Calculate the present value of future dividends:
Present value of future dividends = Expected dividend in the next period / (Required return - Dividend reduction rate)
Present value of future dividends = $11.007 / (0.11 - 0.0525) = $11.007 / 0.0575 = $191.13
Step 3: Calculate the current share price:
Since the dividend reduction rate is applied indefinitely, the current share price is the present value of future dividends.
Current share price = $191.13
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The next dividend payment by Hoffman, Inc., will be $2.65 per share. The dividends are anticipated to maintain a growth rate of 4.5 percent forever. If the stock currently sells for $43.15 per share, what is the required return
Answers
Answer:
10.6%
Explanation:
The next dividend payment for Hoffman is $2.65
The growth rate is 4.5%
The stock currently sells at $43.15
The required return can be calculated as follows
= 2.65/43.15 + 4.5/100
= 0.0614 + 0.045
= 0.1064× 100
= 10.6%
Hence the required return is 10.6%
With regard to the composition of corporate boards in the United States,
corporate boards average approximately 12 members.
O about half of the directors are "outside" directors.
O five percent have at least one woman on the board.
twenty-five percent of all companies have at least one minority board member.
Answers
With regard to the composition of corporate boards in the United States, option B. About half of the directors are "outside" directors.
Corporate boards in the United States typically consist of a group of individuals responsible for overseeing the management and decision-making of a company. The composition of these boards can vary, but there are some common trends and practices.
Option A states that corporate boards average approximately 12 members. While this may be true for some companies, board sizes can vary significantly depending on the size and nature of the organization. Smaller companies may have fewer board members, while larger corporations may have larger boards to accommodate the complexities of their operations.
Option C suggests that five percent of corporate boards have at least one woman on the board. However, the representation of women on corporate boards has been a topic of discussion and a focus of efforts to improve diversity. Recent studies and reports indicate that progress has been made, and the percentage of women on boards has been increasing over time. However, the exact percentage varies among companies and industries.
Option D states that twenty-five percent of all companies have at least one minority board member. Like gender diversity, the representation of minorities on corporate boards has been a topic of concern and initiatives promoting inclusion. The percentage of companies with minority board members may vary, and efforts are being made to improve diversity in this regard as well.
Overall, it is important to recognize that the composition of corporate boards in the United States is evolving, and there is increasing recognition of the importance of diversity, including gender and minority representation. While specific percentages may vary, there is a growing emphasis on promoting diversity and inclusion in corporate governance practices. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
With regard to the composition of corporate boards in the United States,
A. corporate boards average approximately 12 members.
B. about half of the directors are "outside" directors.
C. five percent have at least one woman on the board.
D. twenty-five percent of all companies have at least one minority board member.
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Business transactions
Answers
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
a. Issued 60,000 shares of non-par common stock in exchange for $600,000 in cash.
b. Purchased equipment at a cost of $100,000. $25,000 cash was paid and a notes payable to the seller was signed for the balance owed.
c. Purchased inventory on account at a cost of $182,000. The company uses the perpetual inventory system.
d. Credit sales for the month totaled $270,000. The cost of the goods sold was $162,000.
e. Paid $8,000 in rent on the warehouse building for the month of March.
f. Paid $8,050 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
g. Paid $162,000 on account for the merchandise purchased in 3.
h. Collected $121,500 from customers on account.
i. Recorded depreciation expense of $2,500 for the month on the equipment.
Required:
Prepare journal entries to record each of the transactions listed above.
Answers
The Journal Entries to record the transactions for Wainwright Corporation in the month of March 2021 are as follows:
Journal Entries:
a. Debit Cash $600,000
Credit Common Stock $600,000
To record issuance of 60,000 shares of non-par common stock for cash.
b. Debit Equipment $100,000
Credit Cash $25,000
Credit Notes Payable $75,000
To record the purchase of equipment.
c. Debit Inventory $182,000
Credit Accounts Payable $182,000
To record the purchase of inventory on account.
d. Debit Accounts Receivable $270,000
Credit Sales Revenue $270,000
To record the credit sales for the month.
d. Debit Cost of Goods Sold $162,000
Credit Inventory $162,000
To record the cost of goods sold.
e. Debit Rent Expense $8,000
Credit Cash $8,000
To record the payment of rent on the warehouse building.
f. Debit Prepaid Insurance $8,050
Credit Cash $8,050
To record the prepayment of insurance for one year, from April 1, 2021.
g. Debit Accounts Payable $162,000
Credit Cash $162,000
To record payment on account.
h. Debit Cash $121,500
Credit Accounts Receivable $121,500
To record receipt of cash on account.
i. Debit Depreciation Expense $2,500
Credit Accumulated Depreciation $2,500
To record depreciation expense for the month.
Data Analysis:
a. Cash $600,000 Common Stock $600,000
b. Equipment $100,000 Cash $25,000 Notes Payable $75,000
c. Inventory $182,000 Accounts Payable $182,000
d. Accounts Receivable $270,000 Sales Revenue $270,000
d. Cost of Goods Sold $162,000 Inventory $162,000
e. Rent Expense $8,000 Cash $8,000
f. Prepaid Insurance $8,050 Cash $8,050
g. Accounts Payable $162,000 Cash $162,000
h. Cash $121,500 Accounts Receivable $121,500
i. Depreciation Expense $2,500 Accumulated Depreciation $2,500
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Consider a competitive labor market. Using the model of how income is determined in a labor market, describe the effects on wages and number of individuals employed of an increase in the productivity of labor in that market. What will happen and why? In your answer, be sure that you describe why the supply and demand curves are shaped as they are.
What would happen to wages and number of individuals employed in that market if new law required all businesses in that market and other markets to provide their employees a better health insurance policy? Why? Use your analysis to explain who actually pays the costs of health insurance premiums in competitive labor markets.
Answers
If there is an increase in labor productivity, there will be an increase in wages and an increase in individuals employed.
If better insurance policies are mandated by the government then wages and the number of people employed will both decrease.
This shows that the entity that actually pays the costs of health insurance premiums is employers.
What happens when labor productivity rises?When there is an increase in labor productivity, employers will demand more employees in order to produce more. This will shift the labor demand curve to the right.
The new intersection of the demand curve with the supply curve will see an increase in the wage rate and in the quantity of those employed in the labor market.
What happens if better insurance policies are imposed?If the government mandates that employers should provide better insurance policies, it means that employers will start paying more in insurance premium contributions.
This increased cost of labor will lead to employers demanding less employees which will lead to a decrease in the wage rate and in the number of those employed.
This shows that employers are mostly the ones who pay for health insurance premiums which is why an increase in these premiums will increase the cost of labor for them.
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Users who do not directly run the organization and have limited access to accounting information are known as ------------ (internal/external) users.
Answers
Answer:
External users
Explanation:
External users of accounting information do not directly run the organization and have limited access to its accounting information
This course has covered various aspects of managerial accounting that are meant to give you the foundation needed to understand, analyze and evaluate a company’s performance as a company manager as well as an external user of financial information.
Given your personal and professional goals, which of these tools will be of greatest benefit to you (describe at least 3)? Why? Be specific.
Answers
Personal and professional goals help to grow in personal and career graphs. My personal goal can be having my own house within 2 years. The professional goal can be having a managerial post in a leading company.
What do you mean by Goals?A goal refers to an objective or outcome for the future that a person wants to achieve. These goals help to design the life structure of an individual. these goals can be personal and professional.
These help to improve the productivity of individuals by motivating them. It helps individuals to perform better, and to seek growth personally and professionally.
It helps in measuring and analyzing the performance of the individual and evaluating and understanding whether the performance is matching to the standards or not.
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All of the following except ________ will help you integrate visuals and text in business documents.
Answers
The options are:
maintaining a balance between text and visuals
identifying the visuals with titles, captions, and legends
referring to visuals in the text
putting the visuals into a separate section, such as an appendix
Answer:
putting the visuals into a separate section, such as an appendix
Explanation:
In business documents making use of visuals is a great way to pass accross information.
When the visuals are integrated with text that further explains the concept being communicated it is easier to understand by the reader.
All the options given make use of various methods of integrated visuals and text except the following:
Putting the visuals into a separate section, such as an appendix.
When visuals are put in a seperate section away from other text it does not immediately give the reader an impression not what is being communicated. It does not effectively integrate text and visuals.
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the average of their sales?
Answers
Answer:
352,000
Explanation:
add up all the numbers, then you divide by 3
The average of the three smoothie shop sales is $352,000.
What are sales?A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.
The annual sale of the first smoothie shop is $300,000
The annual sale of the second smoothie shop is $344,000
The annual sale of a third smoothie shop is $412,000
The average sale of smoothie shop = total of sales/ number of shops
= (300,00 + 344,000 + 412,000) / 3
=$352,000
Therefore, the average sales of the three shops are $352,000.
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Please answer the questions in the photo
Answers
2. The types of businesses that market their goods are businesses that would want to reach a larger consumer base for their products
The businesses that market goodsVarious types of businesses market goods and services. These businesses can be classified based on the nature of the products or services they offer, the target market they serve, or the way they sell their goods and services.
One way to classify businesses is by the products or services they offer, such as:
Consumer goods: These are products meant for personal or household use, such as clothing, electronics, or food. Examples of businesses that market consumer goods include Walmart, Best Buy, and McDonald's.
Business-to-business (B2B) goods: These are products or services that companies sell to other businesses. Examples include raw materials, office supplies, and consulting services. Businesses that market B2B goods include Staples, Accenture, and Grainger.
Services: These are non-tangible offerings, such as healthcare, education, or banking. Examples of businesses that market services include hospitals, universities, and Bank of America.
Another way to classify businesses is by the way they sell their goods or services, such as:
Brick-and-mortar: These are businesses with a physical location where customers can come to buy products or services. Examples include Target, Starbucks, and Home Depot.
E-commerce: These are businesses that sell products or services through the internet, such as Amazon, eBay, and Etsy.
Direct sales: These are businesses that sell products or services directly to consumers, often through home-based sales parties or personal consultations. Examples include Avon, Mary Kay, and Tupperware.
3. If you're interested in starting a retail business, here are some types of retailers and their pros and cons to consider:
Brick-and-mortar store: This is a traditional retail store with a physical location. Pros include the ability to offer a personalized shopping experience, the opportunity to connect with the local community, and the ability to display products for customers to see and touch. Cons include the high overhead costs of renting or owning a storefront, the need to hire and manage employees, and the risk of losing business to online competitors.
E-commerce store: This is a retail business that operates exclusively online. Pros include the ability to reach a wider customer base, the convenience of shopping from home, and the lower overhead costs of not needing a physical storefront. Cons include the need to invest in website design and development, the difficulty of standing out among competitors, and the challenges of managing shipping and returns.
Pop-up store: This is a temporary retail location that can be set up in various places, such as a mall or a street corner. Pros include the ability to test the market and experiment with different locations, the flexibility of not being tied to a long-term lease, and the opportunity to create buzz and excitement around the brand. Cons include the need to constantly move and set up shop, the challenges of finding a suitable location, and the risk of not generating enough revenue during the limited time period.
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What was centerpiece arrangements retained earnings for December 31, 2024? And retained earnings for January 1 2024? And Net income for the year January 2024?
Answers
1. Centerpiece Arrangements' retained earnings for December 31, 2024, were $2,400.
2. Centerpiece Arrangements' retained earnings for January 1, 2024, were $5,100.
3. Centerpiece Arrangements' Net Income for January 1, 2024, was $2,100.
What are Retained Earnings?Retained earnings are the undistributed profits of an entity accumulated over a period of time.
The formula for computing the Retained Earnings is Beginning Retained Earnings Plus Net Income or Loss Minus Dividends.
Data and Calculations:Centerpiece Arrangements
Statement of Retained EarningsFor December 31, 2024
Retained Earnings, January 1, 2024, $5,100
Net Income 2,100
Dividends 4,800
Retained Earnings, December 31, 2024, 2,400
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Question Completion:Centerpiece Arrangements - X Data Table
Retained Earnings, January 1, 2024, $5,100
Accounts Payable 17,600
Office Supplies 1,700
Common Stock 9,000
Accounts Receivable 8,000
Cash 7,200
Equipment 12,100
Centerpiece Arrangements
Income StatementYear Ended December 31, 2024
Revenues:
Service Revenue $ 70,000
Expenses:
Salaries Expense $ 46,000
Rent Expense 16,000
Insurance Expense 4,500
Utilities Expense 1,400
Total Expenses 67,900
Net Income $ 2,100
Zigzag Manufacturing has just hired a new controller, Leslie Demorest. During her first week on the job, Leslie was asked to establish a budget for operating expenses in 2019. Since Leslie was not yet familiar with the operations of Zigzag Manufacturing, she decided to budget these expenses using the same procedures as the prior controller. Therefore, in order to establish a budget for operating expenses, Leslie started with actual operating expenses incurred in 2018 and added 3.8%. Leslie based this percentage on inflation as measured by the consumer price index.
Required: Comment on the effectiveness of Leslie’s budgeting strategy.
Answers
Answer:
Zigzag Manufacturing
The Effectiveness of Leslie Demorest's Budgeting Strategy
The strategy of adjusting the previous year's operating expenses with inflation is not an effective way of strategic budget planning. Leslie's budgeting strategy does not take advantage of forecasts of unexpectedly good performance and fails to provide any reaction that can occur when there are downturns in cash flow.
An effective budgeting strategy should provide the standard for the effective use of financial resources of Zigzag Manufacturing in its business operations. There are no clear goals to be achieved and an evaluation of how the goals will be achieved through the budget implementation.
Explanation:
An effective budget should be able to forecast and track revenues and expenses, which are received and incurred in pursuit of business goals and projections. An effective budget ensures that those who implement the projections contained in the budget remain motivated. The idea of adjusting previous expenses with inflation is not an effective budgeting strategy.
Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare $ 520
Lodging 3,200
Meals 800
Entertainment of clients 640
How much of these expenses can Jordan deduct?
Answers
The expenses that Jordan can deduct is $3,731.
This is the amount that she can deduct as business expenses for this trip from New York to Denver.
Data and Calculations:
Expenses incurred on the trip for both business and private purposes:
Lodging 3,200
Meals 800
Total $4,000
Travel days = 2 days
Business days = 9 days
Visiting friends = 5 days
Total days spent conducting business and visiting friends = 14 days
Business portion of the above expenses = 9/14
Amount to be deducted as business expenses is calculated as follows:
Portion of the above total expense = $2,571 ($4,000 ( 9/14)
Airfare 520
Entertainment of clients = 640
Total amount that Jordan can deduct = $3,731
Thus, Jordan can deduct $3,731 of her expenses for the business trip.
Learn more about deductible business trip expenses here: https://brainly.com/question/15127637