Farrell, Inc. purchased land for $100,000 by signing a note payable for the same amount. Additionally, Farrell paid cash for the following: title insurance of $1,700, a commission of $10,000, $3,600 to remove an unwanted building, $2,800 to level and grade the property, $12,000 for paving, $19,000 to construct a fence around the perimeter, and S5,200 for lighting. The journal entry for the cash payment is: ○ A. debit land $118,100, debit land improvement $36,200, credit cash $154,300 B. debit land $11 1 ,700, debit land improvement S42,600, credit cash $154,300 O c. debit land $11 ,700, debit land improvement $42,600, credit cash S54.300 O D. debit land $18, 100, debit land improvement $36,200, credit cash $54,300

Answers

Answer 1

The correct journal entry for the cash payment made by Farrell, Inc. is option A, which includes debiting land for $118,100, debiting land improvement for $36,200, and crediting cash for $154,300. The correct option is B.

The total cost of the land and improvements is $154,300, which is the sum of the $100,000 note payable for the land and the additional cash payments made for title insurance, commission, demolition, grading, paving, fencing, and lighting.

The cost of the land improvement is the total amount paid for all the additional expenses incurred to prepare the land for its intended use. By debiting both the land and land improvement accounts, the entry correctly reflects the full cost of the land acquisition and improvements made to it.

It is important to accurately record all expenses related to the acquisition of land and improvements in order to properly value the company's assets and maintain accurate financial statements.

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Related Questions


What do the majority of rail movements involve?
manufactured goods
bulk liquids and coal
low value, heavy commodities
consumer goods

Answers

The majority of rail movements involve a variety of goods and commodities.

However, among the options provided, the most accurate answer would be bulk liquids and coal. Rail transport is commonly used for the transportation of large quantities of liquid goods such as petroleum, chemicals, and gases. Tanker cars are specifically designed to transport these bulk liquids safely and efficiently.

In addition, coal is another significant commodity transported by rail. It is a valuable energy resource and is often transported in large quantities from mines to power plants or ports for export. Railways provide a cost-effective and efficient mode of transportation for coal due to their ability to carry heavy loads over long distances.

While rail transport does handle other types of goods, such as manufactured goods and consumer goods, the majority of rail movements involve bulk liquids and coal. These commodities require specialized equipment and infrastructure to ensure safe and reliable transportation.

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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security

Answers

Answer:

D) poor physical security

Explanation:

Answer:

A natural disaster

Explanation:

I know it seems weird but I put that and my test on Plato scored it as right

Management is considering replacing its blending equipment. The annual costs of operating the old equipment are $250,000. The annual costs of operating the new equipment are expected to be $220,000. The old equipment has a book value of $35,000 and can be sold for $25,000. The cost of the new equipment would be $260,000. Which of these amounts should be considered a sunk cost in deciding whether to replace the old equipment

Answers

Answer:

$250,000

Explanation:

Since the purchase cost of an old equipment is already incurred and it does not have any kind of impact in decision making so this cost would be considered as the sunk cost i.e. $250,000

The operating cost of old & new equipment would be relevant for calculating the annual cost savings and the current selling value of the old equipment would also be relevant as salvage value

Therefore $250,000 would be considered  

What did Alexander Hamilton want for the economy?

Answers

Hamilton advocated for a federal charter for a national financial institution as part of his plan to restructure the American economy. A Bank of the United States was his suggestion.

What was the economic objective of Alexander Hamilton?

In Hamilton's proposal, the federal and state debts would be paid off by the government. He demanded that the government acquire all of the bonds issued before 1789 by the federal and state governments. Then, he intended to issue fresh bonds to settle the previous debts.

What three points made up Hamilton's economic strategy?

The elements of Hamilton's particular financial strategy were: government obligations incurred during the war. financing for the government's operations. Concentrate on business and industry

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Microsoft® Publisher does which of the following?
Receives email messages
Keeps daily activity records
Creates items using page layout skills
Sends email messages

Answers

Answer:

Creates items using page layout skills

Explanation:

I work in school with publisher and this was on a test of mine. :)

The Microsoft Publisher is software that creates items using page layout skills.

Microsoft Publisher

It is an application that helps the user to create documents for use professionally. Examples of these are:

NewsletterPostcardsFlyersInvitationsBrochures

To do this the user needs to first select one of the built-in templates in Microsoft Publisher and then the user could add text and pictures to it before printing the file.

Hence, Microsoft Publisher is not for sending or receiving messages nor does it help to keep daily records. Instead, its purpose is to create items using page layout skills.

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Type the correct answer in the box. Spell all words correctly.
Which method of market research involves collecting information from published sources?
When businesses use the
market research method, they collect information that already exists in published forms

Answers

Answer:

Secondary, or desk research, is a way of gathering research from published sources.

Explanation:

hope this helps!

Master Mopeds Inc. has slightly different versions of the same moped for the American, European, and Asian markets. Its employees are grouped into divisions based on the market in which they have been assigned. This is an example of ________ departmentalization.

Answers

Answer:

"Geographical" is the correct answer.

Explanation:

The categorization procedure on something like a land-based foundation. If the consumers of a business are spread geographically, they can combine geographically-based employment, which is considered as Geographical departmentalization.Offerings could be developed to improve user impact on the world by offering customized services throughout a particular nation or location.

If a person has a negative self-description, this description is automatically memorized for future use by the part of his/her self-concept. O self-image Oblind self O absolute self O self-control QUESTION 34 pushed workers to organize labor unions. O Reduced nepotism O Reduced work hours O Negative management O Bureaucratic management QUESTION 35 Which of the following events is most likely responsible for shaping the values of the Pre-Baby Boomer Generation? O The Iraqi War O The Vietnam War O The 9/11 terror attack O The Great Depression

Answers

31  If a person has a negative self-description, this description is automatically memorized for future use by the part of his/her self-concept is self-image. Option A

32.  Negative management practices often push workers to organize labor unions. Option C

33. The Great Depression   is most likely responsible for shaping the values of the Pre-Baby Boomer Generation. Option D

31. If a person has a negative self-description, it is automatically memorized for future use by the part of their self-concept known as the self-image, which influences their self-perception and can impact their thoughts, feelings, and behaviors. Option A

32. s. Poor management techniques, such as unfair treatment, lack of communication, or abusive behavior, can create dissatisfaction among workers and motivate them to come together and form unions to address their concerns. Option C

33.  The Great Depression is most likely responsible for shaping the values of the Pre-Baby Boomer Generation. The severe economic crisis, lasting from 1929 to the late 1930s, brought about financial instability, high unemployment rates, and social upheaval, leading to values of frugality, hard work, resilience, and economic security among the individuals of this generation. Option D

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Matilda just started her first job. She has some difficulty saving money, but she knows she must do it. Which of the following is the best option to start saving for retirement now? She can choose a low-interest account. She can contribute to her employer's matching benefit. She can enroll in a 529 plan. She can sign up for a pre-paid plan.

Answers

start saving $100 out of every single check you earn

'Market management is the key element for a business' Justify this statement with an example. ​

Answers

Answer:

Explanation:

Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.

Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.

An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.

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the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. false true

Answers

The intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option is true.

What is an intrinsic value?

In the world of finance, a value determined using simplfi ed assumptions is known as the intrinsic value of an asset. The intrinsic value of an option, for instance, is based on the underlying asset's present market value, but it disregards the likelihood of future volatility and the time value of money.

In-the-money options are considered to have inherent value. Its inherent value is 0 when out-of-the-money. The profit that may be made by exercising an option immediately is known as the "immediate value" or "current value" of the contract. This is also true for options.

The difference in absolute value between the current price of the underlying (S) and the option's strike price (K) is used to determine an option's intrinsic value when it is in the money.

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the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. false true

The value of the next best choice that you give up when you make a decision is called: a. the opportunity cost. b. the marginal benefit. c. the power of trade. d. the incentives. Which of the followin

Answers

The term that best fits the definition given in the question is opportunity cost. Opportunity cost refers to the potential benefits that you give up when you choose one option over another.The correct answer is option (a).

It represents the value of the next best alternative, or the highest valued opportunity forgone, when you make a choice. Opportunity cost is a fundamental concept in economics because it helps to explain why people make certain decisions and how they allocate their resources.Often, individuals and businesses have to make choices between two or more options, and by choosing one, they give up the opportunity to enjoy the benefits of the other option.

For instance, when you decide to spend your money on a new laptop, you give up the opportunity to use that money to buy something else like a new phone or a vacation. Similarly, when a company decides to invest in a new product, they give up the opportunity to use those resources to invest in other areas such as research or development.

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You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition?

Select 2 correct answer(s)

A.) Mobile Fish and Chips Truck
B.) A local Taco Bell franchise
C.) Walk-up Mexican Food stand
D.) A local Burger King franchise

Answers

The two options that could be considered indirect competition for a mobile Taco Truck are (A) Mobile Fish and Chips Truck (C) Walk-up Mexican Food stand

Indirect competition refers to businesses that offer different products or services but still target the same customer base or satisfy similar customer needs. In this case, the Taco Truck, Fish and Chips Truck, and Walk-up Mexican Food stand all fall under the category of mobile food vendors and offer food options to customers.

The Mobile Fish and Chips Truck is an example of indirect competition because it provides a different type of cuisine compared to the Taco Truck. While the Taco Truck focuses on Mexican food, the Fish and Chips Truck specializes in seafood. However, both food trucks target customers who are seeking quick and convenient meals on the go, making them indirect competitors.

Similarly, the Walk-up Mexican Food stand is considered indirect competition because it also offers Mexican food but operates in a different format. Unlike the mobile food trucks, the stand is stationary and doesn't have the mobility aspect. However, it caters to customers looking for Mexican cuisine and offers a similar dining experience to the Taco Truck.

On the other hand, option B (local Taco Bell franchise) and option D (local Burger King franchise) would be considered direct competitors as they both operate in the fast food industry and offer similar types of food as the Taco Truck. These franchises have established brick-and-mortar locations and compete directly with the Taco Truck for customers seeking fast food options.

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Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences​

Answers

The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.

A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.

Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.

The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?

A. high school diploma

B. associate degree in performing arts

C. bachelor's degree in art history

D. doctorate in computer sciences​

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Mike Wilson, Finance Director of Tommy Hilfiger Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $360 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 15 percent of sales, respectively. Mike Wilson pays out 30 percent of its net income in dividends. The company currently has $105 million of long-term debt and $46 million in common stock par value. The profit margin is 9 percent. 05 Requirement: i. Construct the current balance sheet for the firm using the projected sales figure. ii. Based on sales growth forecast, how much does Mike Wilson need in external funds for the upcoming fiscal year? iii. Construct the firm's pro forma balance sheet for the next fiscal year and confirm the external funds needed that you calculated in part (b).

Answers

Note: The pro forma balance sheet assumes that the company will not make any changes to its current assets, fixed assets, or short-term debt during the upcoming fiscal year.  

i. Current balance sheet for Tommy Hilfiger Ltd.:

Current Assets:

Accounts Receivable: $36 million (10% of sales)

Inventory: $120 million (33% of sales)

Short-term Debt: $46 million

Fixed Assets:

Property, Plant, and Equipment: $215 million

Total Current and Fixed Assets: $291 million

ii. Mike Wilson needs $42.5 million in external funds for the upcoming fiscal year based on the projected 10% growth in sales.

iii. Pro forma balance sheet for the next fiscal year:

Current Assets:

Accounts Receivable: $36 million (10% of sales)

Inventory: $126 million (34% of sales)

Short-term Debt: $46 million

Fixed Assets:

Property, Plant, and Equipment: $220 million

Total Current and Fixed Assets: $292 million

Total Liabilities and Shareholders' Equity: $652 million

External Funds: $42.5 million

The pro forma balance sheet assumes that the company will not make any changes to its current assets, fixed assets, or short-term debt during the upcoming fiscal year.  

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Correct Question:

Mike Wilson, Finance Director of Tommy Hilfiger Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $360 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 15 percent of sales, respectively. Mike Wilson pays out 30 percent of its net income in dividends. The company currently has $105 million of long-term debt and $46 million in common stock par value. The profit margin is 9 percent. 05 Requirement: i. Construct the current balance sheet for the firm using the projected sales figure. ii. Based on sales growth forecast, how much does Mike Wilson need in external funds for the upcoming fiscal year? iii. Construct the firm's pro forma balance sheet for the next fiscal year and confirm the external funds needed that you calculated in part (b).

Mike Wilson, Finance Director of Tommy Hilfiger Ltd., has created the firm's pro forma balance sheet

Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments

Answers

Answer is B.) Harassment

hope I could help goodluck

anyone got sc? mines babyjas04

Answers

Answer:

ok thx for random useless information

Explanation:

Darryl deposits $1,500 into a savings account that has a simple interest rate of 2. 7%. Lori deposits $1,400 into a savings account that has a simple interest rate of 3. 8%. If no other transactions are made, who will have more money in their account after 10 years? How much more?.

Answers

Lori will make $27.00 more.
Step-by-step explanation:
The formula to calculate simple interest is
A = P(1+rt)
P = Principal amount
r = rate of interest ( in decimal )
t = time
First we calculate Darryl's deposit, so put the values in the formula
A = 1,500(1 + 0.027×10)
A = 1,500 ( 1+0.27 )
A = 1,500 × 1.27
A = $1905
Now we will calculate Lori's deposit
A = 1,400 ( 1 + 0.038 × 10 )
A = 1,400 ( 1 + 0.38 )
A = 1,400 × 1.38
A = $1,932
Lori will make money after 10 years = $1,932
Darryl will make money after 10 years = $1905
so Lori will make more than Darryl, the difference will be = 1,932 - 1,905 = $27
After 10 years Lori will have make $27.00 more in their account.

Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.​

Answers

The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.

How does the U.S. economy affect local businesses?

The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.

When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.

There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.

In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.

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The various quantities of output that all market partivcipants are willing and able to buyy at alternative prices levels in a given time period is?

Answers

The various quantities of output that all market participants are willing and able to buy at alternative price levels in a given time period is known as the demand curve.

The demand curve represents the relationship between the price of a product or service and the quantity of that product or service that consumers are willing and able to purchase at different price levels. It illustrates the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, and vice versa.

The demand curve is typically downward sloping, indicating that as prices decrease, consumers are willing to buy more of the product. This reflects the inverse relationship between price and quantity demanded. The demand curve is derived from consumer preferences, income levels, the price of related goods, and other factors that influence consumer behavior.

The demand curve provides valuable information to businesses and policymakers as it helps determine the equilibrium price and quantity in the market. It is an essential tool for analyzing market dynamics and making informed decisions regarding pricing, production levels, and market strategies.

The demand curve represents the quantities of output that consumers are willing and able to buy at different price levels. It is a fundamental concept in economics and provides insights into consumer behavior and market dynamics. By understanding the demand curve, businesses and policymakers can make informed decisions to effectively allocate resources and respond to changes in market conditions.

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Which of the statements below is​ FALSE? A. A problem with using the dividend growth model is that it appears to underestimate the expected return for some stocks B. A problem with using the dividend growth model is that it produces a negative expected return whenever a firm cuts its dividends. C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks. D. The dividend model requires that a firm have a cash dividend history and that the dividend history shows a constant dividend or a positive growth in dividends.

Answers

Answer:

C. A problem with using the dividend growth model is that it appears to underestimate the expected return for all stocks.

Explanation:

In the case of the dividend growth model, it shows the underestimated of the return for some stocks, also it generated the negative return at the time when the firm could cut the dividend. ALso it needs that the firm has the history of the cash dividend and that history should show the same dividend or the positive growth

But it does not show the underestimate for all kind of the stocks

at the end of the fiscal year, variances from standard costs are usually transferred to the of goods sold account materials account labor account d.factory overhead account

Answers

At the end of the fiscal year, variances from standard costs are usually transferred to the factory overhead account

Standard costs are predetermined costs that a company establishes for its products or services. These standard costs serve as benchmarks for evaluating actual costs incurred during production.

During the fiscal year, actual costs incurred may deviate from the standard costs due to various factors such as price fluctuations, labor inefficiencies, or changes in overhead expenses. These deviations are known as variances.

At the end of the fiscal year, when financial statements are prepared, the variances from standard costs are typically transferred to the factory overhead account. This account is used to capture all the indirect manufacturing costs incurred in the production process, such as utilities, rent, depreciation, and indirect labor.

Transferring the variances to the factory overhead account helps to reconcile the difference between the actual costs incurred and the standard costs expected. By doing so, it allows for a more accurate reflection of the overall manufacturing costs associated with the production of goods.

The other options provided are not typically used for transferring variances from standard costs. Here's an explanation for each:

Materials account: The materials account is specifically used to record the cost of raw materials used in production. Variances related to material costs are usually recorded separately, such as in a materials price variance or materials quantity variance account.Labor account: The labor account is used to record direct labor costs associated with the production process. Similarly, variances related to labor costs, such as labor rate variance or labor efficiency variance, are typically recorded separately.Cost of goods sold account: The cost of goods sold (COGS) account is used to record the direct costs associated with producing goods that are sold to customers. Variances from standard costs are not typically transferred directly to the COGS account but are instead allocated to the factory overhead account.

In conclusion, at the end of the fiscal year, variances from standard costs are usually transferred to the factory overhead account to reconcile the difference between actual costs incurred and the standard costs expected.

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A restaurant that serves $1400 a day in meals to 140 customers with an average cost of goods sold per unit at $7.00.
What is the average unit of sale for this business?

Answers

Answer:

=$10

Explanation:

The average unit of sales will the total serves per day divided by the total number of customers.

= $1400/140

=$10

The average unit of sale is $10

1. I started this business after dropping out of college and my buddy and I wanted to start this company. We had very little money or business knowledge but lots of drive. We now have the largest company in the world. Who am I?

Answers

The correct answer to this open question the following.

Although these situations could be related to some "tech" geniuses, we can say that we are talking about Steve Jobs.

It is true that Steve Jobs started his business after dropping out of college, and his buddy and Jobs wanted to start this company. They had very little money or business knowledge but lots of drive.

And Steve Jobs created the world empire called Apple. Indeed, he revolutionized the world of communications with his creations.

Steve Jobs dropped out of Reed College.

Another famous and billionaire in the tech industry that dropped college was Bill Gates, the founder of Microsoft. He left Harvard University in 1975 to form his own company.

PLEASEE! unit test in progress!!

A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients

Answers

Answer:

It is D

Explanation:

.

Miller and Rogers Partnership has $3 million in total assets, $1.65 million in equity, and a $500,000 capital budget. To maintain the same debt-equity ratio, how much debt should be incurred?A. $50,000B. $225,000C. $275,000D. $450,000

Answers

Miller and Rogers Partnership has $3 million in total assets, $1.65 million in equity, and a $500,000 capital budget. To maintain the same debt-equity ratio, $225,000 debt should be incurred. The correct answer is B.

To maintain the same debt-equity ratio, we need to first calculate the current debt-equity ratio. This can be done by subtracting the equity from the total assets to find the current debt, and then dividing the debt by the equity.

Current debt = Total assets - Equity = $3 million - $1.65 million = $1.35 million
Current debt-equity ratio = Debt / Equity = $1.35 million / $1.65 million = 0.818181818

Now, we need to find the amount of debt that should be incurred to maintain the same debt-equity ratio with the new capital budget. This can be done by multiplying the current debt-equity ratio by the capital budget and subtracting the capital budget from the result.

New debt = (Current debt-equity ratio * Capital budget) - Capital budget = (0.818181818 * $500,000) - $500,000 = $225,000

Therefore, to maintain the same debt-equity ratio, $225,000 (B) of debt should be incurred.

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Woolies Boutique is considering changing their credit terms from 4/20 net 30 to 8/10 net 60. At present 80% of clients make use of the discount and under the new policy 65% of clients will make use of the discount. The average collection period will change from 22 days at present to 35 days. Sales will increase by R600 000 to R4 500 000 under the new policy. The gross profit percentage will remain unchanged at 25% and 10% of sales are for cash. Bad debts losses amount to 3% of debtors for which discounts are not taken and under the new policy this
will change to 5%. The opportunity cost associated with an investment in working capital is 20% per year.
The change in gross profit is ?
A. R150 000 (decrease).
B. R1 125 000 (increase),
C. R150 000 (increase).
D. R1 125 000 (decrease).

Answers

The change in gross profit, based on the provided information about the policy, is R150 000 (increase). Therefore, the correct option is C.

The change in gross profit can be calculated by using the following formula;

Change in Gross Profit = ΔSales Revenue - ΔCost of Goods Sold

Now, let's calculate the cost of goods sold (COGS) for both situations;

Credit Terms are 4/20 net 30

Therefore, an effective annual interest rate of 36.73% is charged on the company for non-discounted sales.

80% of the clients avail of the discount.

Hence, the effective annual interest rate on the remaining sales will be;

365/ (30-4*0.8) = 23.11%.

Thus, the average effective annual interest rate comes out to be;

(0.8*36.73) + (0.2*23.11) = 34.49%.

So, the cost of goods sold can be calculated as;

COGS = (1-Gross Profit%) * Sales= (1-0.25) * 3900000= R2925000

Credit Terms are 8/10 net 60

Therefore, an effective annual interest rate of 26.16% is charged on the company for non-discounted sales.

65% of the clients avail of the discount.

Hence, the effective annual interest rate on the remaining sales will be;

365/ (60-8*0.65) = 12.79%.

Thus, the average effective annual interest rate comes out to be;

(0.35*10)+(0.65*12.79) = 12.54%.

So, the cost of goods sold can be calculated as;

COGS = (1-Gross Profit%) * Sales= (1-0.25) * 4500000= R3375000

Thus, we can find the change in gross profit.

Change in Gross Profit = ΔSales Revenue - ΔCost of Goods Sold

= (R4500000-R3900000) - (R3375000-R2925000)

= R600000 - R450000

= R150 000 (increase).

Therefore, the change in gross profit is option C: R150 000 (increase).

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Question 1
Select any topic of your choice and it should cover the following subjects and marks also classified as per the activity. (Literature Review Study) -
Related to the course Research Methods for Business
Scopus ID of the Student :
1. Name of the Topic Marks : 01
2. Write Introduction on selected Topic Marks : 05 (Words count 200-250)
3. Literature Review Marks : 04 Words count 200-250)
4. Develop Aim of the study Marks : 01
5. Methodology Marks : 03 (Words 100)
Instructions: Please read the instructions carefully
• Photos and pictures are allowed.
• No Cut and Paste directly from the internet.
• The answer as per the area of the study of Business Administration or Business Management

Answers

The study aims to explore how social media affects consumer behavior and identify the relationship between social media and consumer behavior.

The selected topic is "Impact of Social Media on Consumer Behavior".

Introduction on the selected topic

The emergence of the internet and digital technology has brought an unprecedented change in the business world. With the widespread use of the internet, social media has become a significant part of the daily lives of people across the world.

Social media platforms have become an integral part of our lives. The rising trend of social media has opened new ways for businesses to interact with customers and promote their products. Social media platforms have gained immense popularity and have emerged as a potent tool for businesses to connect with consumers.

Literature Review

The literature review will focus on the impact of social media on consumer behavior. The main aim of this literature review is to explore the influence of social media on consumer behavior. The literature review will discuss the theoretical frameworks that underpin the relationship between social media and consumer behavior. It will also examine the existing research on social media's impact on consumer behavior.

The review will focus on how social media has affected consumer behavior in terms of purchasing decisions, product evaluation, brand loyalty, and engagement.

Aim of the study

The primary aim of this study is to investigate the impact of social media on consumer behavior. The study will focus on identifying the relationship between social media and consumer behavior. The study aims to explore how social media affects consumers' attitudes and behavior towards brands and products.

Methodology

The study will use a quantitative research method to collect and analyze data. The research will be conducted using a survey questionnaire to collect data from a sample of consumers. The survey questionnaire will be designed to gather information on how social media affects consumer behavior in terms of product evaluation, purchasing decisions, brand loyalty, and engagement.

The collected data will be analyzed using statistical tools like descriptive statistics and regression analysis.

In conclusion, the impact of social media on consumer behavior is an essential aspect of research in the business world. The study will help businesses to understand the role of social media in shaping consumer behavior and devise effective marketing strategies to leverage the potential of social media platforms.

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The development, globalization, and sustainability projects have the same goals. True False

Answers

The statement "The development, globalization, and sustainability projects have the same goals" is False.Globally, the term "development" is referred to as the process of improving human conditions, such as enhancing the standard of living, increasing access to resources, and expanding human capacities, among others.

Economic development refers to the progress of a country's economy. Many countries around the world have implemented sustainable development practices as a way of achieving both economic and social development, as well as environmental sustainability.

In contrast, globalization is a process that involves the integration of economies, societies, cultures, and politics. It is based on the principle of creating a single global marketplace where goods, services, capital, and labor are freely traded. Globalization has often been linked to development because of its potential to increase access to resources and markets. However, it has also been criticized for its negative effects on local economies and cultures.Sustainability refers to the ability to meet the needs of the present generation without compromising the ability of future generations to meet their needs.

Sustainable development involves balancing economic, social, and environmental factors to ensure long-term sustainability. Sustainable development projects aim to promote economic growth while also protecting the environment and promoting social equity.The goals of development, globalization, and sustainability projects differ, even though they may overlap at times. While development projects seek to improve human conditions, globalization aims to create a single global marketplace. In contrast, sustainability projects aim to balance economic, social, and environmental factors for long-term sustainability.

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Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?

Answers

Answer: $861.44

Explanation:

Given the following :

Purchase price = $195,000

down payment = 20%

Interest rate = 5.25%

Period = 30 years

Down payment = 0.2 × $195,000 = $39,000

Therefore, loan amount will be :

$(195,000 - 39,000) = $156,000

The payment per period (monthly payment) can be calculated using the annuity calculator.

Present value = $156,000

Number of periods = 30yrs = 30× 12 = 360 months

Interest = 5.25% / 12= 0.4375% = 0.004375

Future value = 0 (Amount when entire loan has been paid)

Therefore, the payment per period is $861.44 using the financial calculator.

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