The statement is true because financial management is responsible for overseeing and guiding the financial aspects of an organization.
As part of their role, financial managers work with operating managers to formulate accounting and financial policies that are clearly defined and align with the organization's goals and objectives.
Clear and well-defined accounting and financial policies help ensure consistency, transparency, and compliance within the organization. These policies provide guidance on how financial transactions should be recorded, reported, and managed. They also establish guidelines for budgeting, expense control, risk management, and financial decision-making.
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What is the most likely explanation for Sarah maintaining a log of each time she spends or receives money?
The most likely explanation for Sarah maintaining a log of each time she spends or receives money is: D. preparing a budget to review her expenses.
What is a budget?In Economics, a budget can be defined as a financial plan that is typically used for the estimation of revenue and expenditures (expenses) of an individual, business organization or government in the form of money, especially for a specified period of time, often one year.
In this context, we can reasonably infer and logically deduce that Sarah is keeping a record of the money she either receives or spends in order to enable her prepare a budget with respect to reviewing her daily expenses.
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Complete Question:
What is the most likely explanation for Sarah maintaining a log of each time she spends or receives money?
A. making a note each time she receives money so that she does not forget where it came from
B. making a note of each expense so that she does not repeat purchases
C. preparing a report for her bank on how she spends money
D. preparing a budget to review her expenses
homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company
The expected weekly cranks output should be 3,693.60.
The following formula should be applied:
= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level
= 95 × 9 × 6 × 90% × 80%
= 3,693.60
Therefore we can conclude that The expected weekly cranks output should be 3,693.60.
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I need help on this
Answer: fra
Explanation:
A fire destroyed all ABC's merchandise inventory on October 1. On January 1 the balance in inventory was: 2806. . From January 1-October 1 o sales were 8418 o purchases were 7071.12 o the mark up on cost was 40% a. The gross profit margin is (as %, e.g. 34.23% would entered as 34.23): 0.8 x x b. Estimated COGS of inventory sold: 6734.40 c. Estimated inventory destroyed: 4489.6 x Information for inventory for ABC follows. Cost (carrying value) 265.00 Selling Price 324.00 Selling costs 45.36 The lower or cost and net realizable value for this item is ____.
a. The gross profit margin is 31.25%. b. The estimated cost of goods sold (COGS) for the inventory sold is $6,734.40. c. The estimated value of the inventory destroyed is $4,489.60. The lower or cost and net realizable value for this item is $265.00.
a. To calculate the gross profit margin, we need to find the gross profit as a percentage of the selling price. The formula for the gross profit margin is (Gross Profit / Selling Price) * 100.
Given that the markup on cost is 40%, the gross profit margin can be calculated as follows:
Gross Profit Margin = (1 - Markup on Cost) * 100
= (1 - 0.40) * 100
= 60%
However, the given answer format requires a decimal percentage. Therefore, the gross profit margin is 0.60 or 60%.
b. To estimate the cost of goods sold (COGS) for the inventory sold, we can use the following calculation:
COGS = Purchases + Opening Inventory - Closing Inventory
= $7,071.12 + $2,806 - $0
= $6,734.40
Therefore, the estimated cost of goods sold for the inventory sold is $6,734.40.
c. The lower of cost and net realizable value (NRV) is used to determine the value at which the inventory should be reported.
The lower value between the cost and the net realizable value should be used. In this case, the cost is given as $265.00, and the selling price minus the selling costs (NRV) is $324.00 - $45.36 = $278.64.
The lower value between the cost and net realizable value is $265.00.
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5. Which of the following is NOT a service?
hair cutting
sports magazine
computer repair
tax preparation
3) Suppose right now the firm makes an announcement to increase retention ratio to 60%. The same retention ratio is going to be applied in future. Is this a piece of good news to stockholders? Why? (5
Increasing the retention ratio to 60% is generally considered good news for stockholders because it signifies a commitment to reinvesting earnings for future growth and potential returns.
Why is increasing the retention ratio seen as good news for stockholders?Increasing the retention ratio means that a larger portion of the firm's earnings will be retained and reinvested back into the business.
This indicates that the firm is prioritizing long-term growth and expansion, which can lead to higher profitability and potentially higher stock values.
By reinvesting earnings, the firm has the opportunity to generate returns through internal investments rather than relying solely on external financing.
This can result in enhanced financial stability and value creation for stockholders.
Furthermore, a higher retention ratio demonstrates the management's confidence in the firm's future prospects. It shows that they believe retaining earnings and using them for growth initiatives will yield positive results.
This confidence can instill trust and optimism among stockholders, who may view the increased retention ratio as a signal of the firm's commitment to maximizing shareholder value.
However, it's important to consider individual stockholder preferences.
Some stockholders may prefer higher dividend payouts as a source of current income, and a higher retention ratio could limit immediate cash distributions.
The impact of the increased retention ratio on stockholders will depend on various factors, including the firm's ability to effectively reinvest retained earnings and generate favorable returns over time.
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Why are temporary accounts omitted from a post-closing trial balance?
Temporary accounts are omitted from a post-closing trial balance because they are closed at the end of each accounting period.
They are used to temporarily store data related to income and expenses that will be moved to permanent accounts later on. This is done so that the balance in the temporary accounts can be zeroed out and used again in the next accounting period.
In accounting, temporary accounts are also known as income statement accounts or revenue and expense accounts. These accounts are used to record the financial transactions that occur during an accounting period, such as sales revenue, cost of goods sold, and operating expenses. At the end of the period, the balances in these accounts are transferred to permanent accounts, such as Retained Earnings, to show the net income or loss for the period.
The temporary accounts are then closed, which means that the balances are reset to zero, so that they can be used again in the next period.
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if the government technically borrows money, which curve will this increase in spending shift, and in which direction?
If the government technically borrows money, The IS curve will this increase in spending shift, and in a rightward direction.
What is IS Curve?The IS curve or investment/saving curve displays production levels and bank rate variations where projected expenditure equals income. The type of saving and investing functions will determine how deeply it slopes.
The investment/saving curve swings to the right when the government spends more, which raises the interest rate and causes a decline in private investment affecting the consumption and economy of the country.
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introducing clear rules for resource allocation is one way of:
Introducing clear rules for resource allocation is one way of promoting fairness, transparency, and efficient utilization of resources.
It helps in achieving the following objectives:
Increasing transparency: Transparent rules provide clarity on how resources are allocated, enabling stakeholders to understand the criteria and procedures involved. This transparency builds trust and confidence among individuals or entities affected by the allocation process. Improving efficiency: Clear rules streamline the resource allocation process by providing a framework for decision-making. They help prioritize allocation based on predetermined criteria, such as project feasibility, strategic alignment, financial viability, or social impact.
Enhancing fairness: Clear rules for resource allocation ensure that resources are distributed equitably, without favoritism or bias. By defining the criteria and processes for allocation, it minimizes the potential for subjective or arbitrary decision-making.
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if the cap rate on a building is 7% and the interest rate on the mortgage is 5%, what will the owner experience...?
Cap rate 0.714%, they exclude debt-related costs such as mortgage payments, interest rates, down payments, and any other costs.
How may cap rate be used to determine a property's value?Equal to Net Operating Income divided by Cap Rate is value.They exclude debt-related costs such as mortgage payments, interest rates, down payments, and any other costs. The property itself, not the form of financing utilized to acquire the property, is the subject of the cap rate computation.By dividing the property's net operating income (NOI) by its current market value, the capitalization rate of a real estate investment is determined using the most widely used formula. In math, capitalization rate is equal to the difference between current market value and net operating income.Explanation:
5% / 7% = 0.714%.
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explain hotel manager
Answer:
Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.
Answer:
hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget
Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Answer:
A. $300
Explanation:
The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;
= Opening balance + purchase made - credit received - payment made
= $1,200 + $1,500 - $400 - $2,000
= $300
Hence, the amount will go into the schedule of accounts for Custom Motors is $300
Therefore the option a is correct
And, the same would be considered
Answer:
A 300
Explanation:
Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answer:
D....U.S. Treasury Bonds!
Collecting tubules and collecting ducts project through the ______ toward the ______.
Collecting tubules and collecting ducts project through the renal medulla toward the renal pelvis.
Collecting tubules and collecting ducts project through the renal medulla toward the renal pelvis. The renal medulla is the innermost part of the kidney, consisting of cone-shaped structures called renal pyramids. The collecting tubules and collecting ducts originate in the renal cortex, pass through the renal medulla, and converge to form larger ducts that empty into the renal pelvis. The renal pelvis is a funnel-shaped structure that collects urine from the collecting ducts and transports it to the ureter,The collecting tubules and collecting ducts originate in the renal cortex, pass through the renal medulla, and converge to form larger ducts that empty into the renal pelvis. The which carries urine to the bladder for storage and eventual elimination from the body.
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What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
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A flat screen television costs $2000 cash. If bought on hire purchase, a consumer must make a deposit of $900 followed by 12 monthly payments of $120. How much can be saved if the television is bought at the cash price?
Answer:
\(Amount = \$340\)
Explanation:
Given
\(Cost\ Price=\$2000\)
On hire-purchase:
\(Deposit = \$900\)
\(Monthly\ Pay = \$120\)
\(Months =12\)
Required
Determine the amount to be saved if the item is bought outrightly
First, we calculate the total payment on hire-purchase:
\(Total = Deposit + Monthly\ Pay * Months\)
\(Total = \$900+ \$120*12\)
\(Total = \$900+ \$1440\)
\(Total = \$2340\)
Subtract the cost price:
\(Amount = Total - Cost\ Price\)
\(Amount = \$2340 - \$2000\)
\(Amount = \$340\)
The amount to be saved is $340
The best way to obtain all of your education history including grades, course history, and credits earned is to request a
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You submit a bid of $125 per room for 60 rooms for two nights. The group's event planner says she will award you the bid
if you come down 12%. What is the new bid to secure the contract?
The new bid to secure the contract is:$13,200.
New bid to secure the contractFirst step is calculate the cost of rooms for two night
Cost=$125 per room×60 rooms×2 night
Cost=$15,000
Second step is to calculate the new bid
New bid=$15,000-(12%×$12,000)
New bid=$15,000-$1,800
New bid=$13,200
Inconclusion the new bid to secure the contract is:$13,200.
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Which of the following is NOT a fixed expense?
Answer:
?????????????????
Explanation:
Fixed expenses are costs that do not change from month to month and do not change according to the needs. So, Groceries are not a fixed expense. Option D. is correct.
Groceries are a variable expense, as the amount spent on groceries can vary depending on dietary needs, shopping habits, and other factors. So, groceries can vary according to needs because Variable expense is a cost that varies depending on usage.
While the other options Car payment, Insurance premiums, and Gym membership are included in fixed expenses.
Therefore, the correct option is D.
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This is an incomplete question, probably the complete question is:
Which of the following is NOT a fixed expense?
A. Car payment
B. Insurance premiums
C. Gym membership
D. Groceries.
Insurance is an example of a(n)_______
A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above
Answer:
Based on my research I believe that the answer is 'A. Fixed Cost'.
Explanation:
I hope this was helpful, have a blessed day.
ANSWER
Based on my research I believe that the answer is A- Fixed cost
Explanation
Fixed cost are those cost which are not output dependent .
Fixed cost are fixed till certain level of output.
Fixed cost per unit charges with output.
I hope this was helpful
many leading high-tech firms such as , apple, and intel have dramatically enhanced their revenues, profits, and market values through a wide variety of diversification initiatives. which of the following is not such an initiative? group of answer choices acquisitions strategic alliances stockholder enhancement joint ventures
One of the options that is not a diversification initiative among leading high-tech firms such as Apple and Intel is "stockholder enhancement."
Explanation:
Diversification is a corporate strategy that involves expanding a company's business activities into new products, markets, or industries. The goal of diversification is to reduce risk and increase revenue and profits by creating a portfolio of businesses that can generate income from a variety of sources.
The question asks which of the following is not a diversification initiative. Acquisitions and joint ventures are examples of diversification initiatives because they involve the expansion of a company's business activities into new areas through the acquisition of other companies or the creation of new ventures with other companies. Strategic alliances are also a form of diversification where two or more companies collaborate to pursue mutual goals.
In contrast, stockholder enhancement is not a diversification initiative. It is a corporate finance strategy aimed at increasing shareholder value through measures such as share buybacks, dividend payouts, and other financial measures. Stockholder enhancement aims to increase shareholder value without necessarily expanding the company's business activities into new areas.
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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation:
if the authorized sources do not provide sufficient guidance, you should:
If the authorized authority does not provide sufficient guidance, you should refer to other sources for the assistance that you need.
Other officials that you may need for assistance may be the security manager and the government contracting authority.
The two authorized methods that are used to communicate the classification decisions are the
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Which one of the following is not an integral part of the managerial process of crafting and executing strategy?
a. Developing a strategic vision
b. Choosing a strategic intent
c. Setting objectives and crafting a strategy to achieve them
d. Evaluating performance and initiating corrective adjustments in the company's long-term direction, objectives, strategy, or execution in light of actual experience, changing conditions, new ideas, and new opportunities
e. Implementing and executing the chosen strategy efficiently and effectively
Developing a strategic vision one of the following is not an integral part of the managerial process of crafting and executing strategy.
Option A is correct.
What is a strategy for execution?The process of carrying out a business or organization's strategic plan in an effort to achieve its objectives is referred to as strategy execution. It involves daily structures, operational goals, and systems that prepare individuals tasked with particular responsibilities in an organization for success.
Why is strategy execution important?The process of putting a company's strategic plan into action to get the results it wants is called strategy execution. It is an essential step in the process of strategic planning and can determine success or failure.
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What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
market timing
Explanation:
because that way u wont miss customers
When labor productivity increases over time, generally A) it is due to increases in the number of workers B) So do average wages C) It results in higher For prices for goods and services .
Answer:
The answer is B.
Explanation:
Labour productivity is given as output per unit of labour input.
When output increases in an industry, ceteris paribus, the industry may have to lower prices in order to sell that increase. When output increases(labor productivity increases), workers will demand for higher wages. This is so because the efficiency of the workers has improved and there is need for compensation.
.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
a stock has an expected return of 11.85 percent, its beta is 1.08, and the risk-free rate is 3.9 percent. what must the expected return on the market be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
A stock has a risk-free rate of 3.9 percent, a beta of 1.08, and an estimated return of 11.85 percent. The anticipated market return is 3.46%.
What Kind of Return Can Be Anticipated?The expected return on an investment with a known historical rate of return is the anticipated gain or loss for the investor (RoR). It is calculated by multiplying all conceivable outcomes by their probabilities, summing the resulting outcomes, and then figuring out the sum.
Under the CAPM, what kind of market return can we anticipate?In order to discount the projected dividends and stock capital gains, the anticipated holding duration is adjusted using the estimated return from the CAPM algorithm. The discounted value of those future cash flows must equal $100 in order for the CAPM calculation to suggest that the stock is properly valued in proportion to risk.
r = rRF + Beta X (rM - rRF)
Where,
rRF (risk free rate)= 3.9%
rM (return on market)= ?
(rM - rRF) (the risk premium of market)
The figures for r, Beta, and rRF are already available. We determine the rM to be, by entering these values into the formula.
Let rM be x.
0.1185 = 0.039 + 1.08 * (x - 0.039)
0.1185 - 0.039 = 1.08x - 0.04212
0.0795 = 1.08x - 0.04212
0.0795 - 0.04212 = 1.08x
0.03738= 1.08x
0.0346= x
3.46%= x
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!!PLEASE!!
Based on the US ASPE chart, if you are a three-person family, what income would you need to be considered below the poverty guideline?
A) $33,000
B) 45,000
C) $22,000
D) $27,000
Option C is correct.
$22,000 income would you need.The poverty line is the money required to maintain the bare necessities of life. The poverty line is the sum of money required for a person to meet his basic needs.
What is a living wage?The money needed to maintain the bare necessities of life is considered the poverty line. A person's fundamental requirements must be met before they fall below the poverty line. It is defined as the monetary worth of the products and services required to provide a person's fundamental well-being.
What does "family income below the poverty line" mean?around 27,000 Indian rupees annually The minimum household income required to qualify for benefits from the BPL (Below Poverty Line) list, according to the Union Cabinet's approved methodology, is about Rs. 27,000 annually. If a family's yearly income exceeds Rs. 27,000, it will not be included to the BPL list for that household.
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