The answer to the given question is "high entry barriers."The first movers face high entry barriers.
First movers, particularly those in technical industries, can face enormous costs of R&D, testing, and product development. A significant portion of the cost of producing the first unit is absorbed by the business. Additionally, because first movers typically require several years to develop and test their products, they may encounter severe competition from subsequent movers who may be more efficient, innovative, or agile than the first movers. As a result, early movers must devote significant resources to marketing and advertising to establish brand recognition and retain market share.
In conclusion, the first movers face high entry barriers.
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Contribution margin is:
A) Revenues divided by fixed costs
B) Revenues minus variable cost
C) Revenues plus variable cost
D) Net Sales
E) None of these
The correct answer for the definition of contribution margin is B) Revenues minus variable costs.
Contribution margin is the amount of revenue that remains after deducting the variable costs associated with the production or sale of a product. It is a useful tool for determining the profitability of individual products or services, as it helps to assess the amount of revenue that contributes towards covering the fixed costs of a business.
By calculating the contribution margin, a business can determine the level of sales volume required to break even or generate a profit. This information is important for making strategic decisions regarding pricing, cost management, and product mix.
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Which of these are considerations that go into pricing a company's product? (Select all that apply.)
Price of getting the product to the market
How much tax the consumer pays as an end user
Price of labor to make the product
Price of raw materials
Answer:
All EXCEPT How much tax the consumer pays as an end user
Explanation:
All the options except how much tax the consumer pays as an end user are considerations that go into pricing a company's product.
What is pricing?Pricing is the process by which a company determines the price at which it will sell its products and services. It may be part of the company's marketing strategy. When determining prices, the company will consider the cost of acquiring the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and product quality.
Pricing is an important aspect of product management and one of the four Ps of the marketing mix, along with product, promotion, and place. Among the four Ps, price is the only one that generates revenue.
Therefore, price of getting the product to the market, price of labor to make the product, price of raw materials are the considerations that go into pricing a company's product.
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The nominal rate on Sarah’s loan is 7. 250%. If the interest is compounded monthly, what rate of interest is Sarah actually paying? a. 7. 250% b. 7. 496% c. 7. 510% d. 8. 700% Please select the best answer from the choices provided A B C D.
The correct option is B, i.e. 7.496%Note: The formula for nominal rate is also used to calculate the Annual Percentage Yield (APY) and the Effective Annual Rate (EAR).
The nominal rate on Sarah’s loan is 7.250%. If the interest is compounded monthly.
The formula for nominal rate is as follows: Nominal Rate (i) = r/m .
where; r is the annual nominal interest rate; and m is the number of compounding periods per year So, to solve the above problem, we have: r = 7.25% per annum = 12 months per annum.
So, Sarah's actual rate of interest she pays on her loan is; i = r/m= 7.25% / 12= 0.6041666666666667% per month.
So, the correct option is B, i.e. 7.496%Note: The formula for nominal rate is also used to calculate the Annual Percentage Yield (APY) and the Effective Annual Rate (EAR).
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Explain how herbs are used in treating any
5 diseases
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
Hope it helps u
FOLLOW MY ACCOUNT PLS PLS
an increase in the u.s. real interest rates relative to the rest of the world can be expected to...
An increase in U.S. real interest rates relative to the rest of the world can be expected to attract foreign capital inflows and appreciate the value of the U.S. dollar.
When U.S. real interest rates rise in comparison to those in other countries, it creates a relatively higher return on investments in the U.S. This attracts foreign investors seeking higher yields, leading to increased capital inflows into the U.S. financial markets. These capital inflows can have several effects on the economy.
Firstly, the increased demand for U.S. dollars from foreign investors can appreciate the value of the U.S. currency. A stronger U.S. dollar can have both positive and negative implications. On one hand, it makes imports relatively cheaper, which can lead to an increase in imports and a decrease in exports. This can potentially widen the trade deficit.
On the other hand, a stronger U.S. dollar can also help lower inflationary pressures by making imported goods cheaper, thus reducing the cost of imported inputs for businesses. This can potentially support lower domestic inflation rates.
Furthermore, the influx of foreign capital can contribute to increased investment and liquidity in U.S. financial markets, which can positively impact asset prices, including stocks and bonds.
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In what order to meet and exceed customers expectations firms must?
In order to meet and exceed customer expectations, firms must prioritize understanding their customers, deliver exceptional products and services, and continuously innovate and improve.
To begin, understanding customers is crucial for meeting and exceeding their expectations. This involves conducting market research, collecting customer feedback, and analyzing data to gain insights into their needs, preferences, and pain points.
By truly understanding their customers, firms can tailor their offerings and strategies to align with customer expectations, ensuring that their products and services are relevant, valuable, and satisfying.
Next, delivering exceptional products and services is essential for surpassing customer expectations. This requires a relentless focus on quality, reliability, and customer satisfaction. Firms should strive to consistently deliver products and services that not only meet but also exceed customer expectations in terms of performance, features, convenience, and overall experience.
This can be achieved through rigorous quality control, effective supply chain management, and investing in customer service and support.
Lastly, continuous innovation and improvement are key to staying ahead of customer expectations. Firms should proactively seek out ways to innovate their products, processes, and customer experiences. This can involve embracing new technologies, staying abreast of industry trends, soliciting customer feedback for insights and ideas, and fostering a culture of innovation within the organization.
By continuously evolving and adapting to changing customer needs and market dynamics, firms can not only meet but also surpass customer expectations, setting themselves apart from competitors.
In conclusion, to meet and exceed customer expectations, firms must prioritize understanding their customers, deliver exceptional products and services, and continuously innovate and improve. By following these steps, firms can build strong customer relationships, foster loyalty, and gain a competitive edge in the market.
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What type of selling presentation method is best to use when the salesperson
is inexperienced and is selling a non-technical type of product?
a. formula selling
b. consultative selling
c. one-on-one selling
d.prepared sales presentation
Answer: Prepared sales presentation.
Explanation:
prepared sales presentation is the type of selling presentation method is best to use when the salesperson is inexperienced and is selling a non-technical type of product. Hence, option D is correct.
What is selling presentation method?A sales presentation, also known as a sales pitch, is a line of argument intended to persuade someone or something. It uses a carefully thought-out sales presentation strategy for a product or service that is intended to open and close a deal.
To allow plenty of room for the additional details, the four categories—memorized, persuasive selling, need-satisfactio, and problem-solution are presented in a zig-zag pattern.
In general, memorized or persuasive selling is preferable while giving a sales presentation. However, the requirements-satisfaction or problem-solution strategies are best if you need to comprehend customer priorities or uncover customer wants or problems.
Thus, option D is correct.
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What is the rate of return when 20 shares of Stock
A, purchased for $15/share, are sold for $340? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth
The rate of return for selling 20 shares of Stock A is approximately 11.1%.
The rate of return when 20 shares of Stock A, purchased for $15/share, are sold for $340, with a commission of $6, can be calculated as follows: First, we need to determine the total cost of the shares, which is the purchase price per share multiplied by the number of shares, plus the commission fee. In this case, the total cost is (20 shares × $15/share) + $6 commission = $306. Next, we calculate the profit by subtracting the total cost from the selling price, which is $340 - $306 = $34. Finally, we calculate the rate of return by dividing the profit by the total cost, multiplying by 100, and rounding to the nearest tenth. So, the rate of return is ($34 / $306) × 100 = 11.1%.
To determine the rate of return, we need to calculate the total cost of the shares, which includes both the purchase price and the commission fee. The purchase price per share is $15, and the number of shares is 20, so the cost of the shares is 20 shares × $15/share = $300. The commission fee is $6. Therefore, the total cost is $300 + $6 = $306.
Next, we calculate the profit by subtracting the total cost from the selling price. The selling price is $340, and the total cost is $306, so the profit is $340 - $306 = $34.
Finally, to find the rate of return, we divide the profit by the total cost, multiply by 100 to convert it to a percentage, and round to the nearest tenth. The calculation is ($34 / $306) × 100 = 11.1%. Therefore, the rate of return for selling 20 shares of Stock A is approximately 11.1%.
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When analyzing assets, which analysis method assigns financial values to assets?.
Quantitative analysis assigns a financial value or assignment of real numbers and the cost required to recover from a loss to the asset.
By focusing on mathematical and statistical analysis, quantitative analysis is a technique used in finance to determine the value of a financial asset, such as a stock or option. Quantitative trading analysts (commonly referred to as "quants") use a variety of data, including past investment and stock market data, to construct trading algorithms and computer models.
These computer models' data help investors analyze potential investment opportunities and develop trading methods they believe will be profitable. The entry and exit points, expected risk, and expected return are typically very explicitly stated in this trading strategy.
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what levels of management are found in the business?
Businesses typically have three levels of management: upper, middle, and lower.
Upper management consists of the executives and board members who are responsible for making decisions that affect the entire organization.
The managers of departments, divisions, and teams who are in charge of carrying out decisions on a daily basis are referred to as middle management.
Supervisors and team leaders make up lower management; they are in charge of guiding employees' activities. Different duties, responsibilities, and levels of authority are associated with each level of management.
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Plzzz help me with this one
Answer:
what the question.....
functions of Okhal best answer will be chosen as brainnest
Answer:
The cerebellum receives information from the sensory systems, the spinal cord, and other parts of the brain and then regulates motor movements. The cerebellum coordinates voluntary movements such as posture, balance, coordination, and speech, resulting in smooth and balanced muscular activity.
Explanation:
thanks me later po
Answer:
the function of are as given below:
it is long lasting
smooth and easy to use
helps to grind different species
Explanation:
mark as a brainlist if it is correct
List one type of appropriate workplace verbal communication
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
"Development has a negative impact on our environment" Motivate why you agree with the
statement
[8]
industrial lead to water pollution
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
Caspian Sea Drinks' is financed with 64.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.69% coupon bonds which sell for 97.44% of par. Their stock currently has a market value of $25.07 and Mr. Bensen believes the market estimates that dividends will grow at 3.20% forever. Next year’s dividend is projected to be $2.85. Assuming a marginal tax rate of 20.00%, what is their WACC (weighted average cost of capital)? (ROUND 2 DECIMAL PLACES.)
Based on the information, it should be notedtha the WACC for Caspian Sea Drinks is 9.03%.
How to calculate the valueCost of Equity = $2.85 / $25.07 + 0.032 = 0.1139 or 11.39%
Bond Price = 97.44% of par = $97.44
Coupon Rate = 5.69%
Par Value = $100
Using financial calculators or software, we can find that the YTM for this bond is approximately 5.99%.
Now, we can calculate the after-tax cost of debt:
After-Tax Cost of Debt = YTM * (1 - Tax Rate)
Tax Rate = 20.00% or 0.20
After-Tax Cost of Debt = 5.99% * (1 - 0.20) = 4.792% or 0.04792
WACC = (Equity Proportion * Cost of Equity) + (Debt Proportion * After-Tax Cost of Debt)
Equity Proportion = 64.00% or 0.64
Debt Proportion = 1 - Equity Proportion = 1 - 0.64 = 0.36
WACC = (0.64 * 11.39%) + (0.36 * 4.792%) = 7.3056% + 1.724352%
= 9.03%
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A company (regardless of industry) that uses digital technology involving connectivity, communication, and ai as a foundation of its value-creation processes is referred to as a(n) ______.
A company (regardless of industry) that uses digital technology involving connectivity, communication, and ai as a foundation of its value-creation processes is referred to as a(n ) digital enterprise
This is further explained below.
What is a digital enterprise?Generally, A company that incorporates the use of technology to achieve a competitive edge in both its internal and external business operations is known as a digital firm.
The term "digital technologies" refers to any electronic equipment, system, device, or a resource that can create data, store data, or process data. Examples such as social media, online gaming, multimedia, and mobile phones are very familiar to most people.
Learning of any kind that makes use of technology is referred to as digital learning.
It is possible across the board in every subject area of the curriculum.
In conclusion, A digital business is a corporation, regardless of the sector, it operates in, that employs digital technology as the basis for its value-creation activities.
This digital technology often involves connection, communication, and artificial intelligence.
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3. Find and read the news: "SBV continues to manage monetary policy in a proactive and flexible manner" (SBV, 2022). Give your opinions. The requirement is about 100 - 150 words
The monetary policy is a set of tools used by the central bank to regulate the money supply, credit availability, and the cost of borrowing to stabilize the economy.
The goal is to maintain price stability, promote full employment, and encourage sustainable economic growth. In the news article, "SBV continues to manage monetary policy in a proactive and flexible manner" (SBV, 2022), the State Bank of Vietnam (SBV) is showing its commitment to ensuring the stability and growth of the Vietnamese economy through monetary policy. The use of a proactive and flexible monetary policy is essential to managing the economy during periods of uncertainty.
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The S&P/ASX200 market index is currently 6800. You predict that the market will fall substantially in coming weeks and are prepared to speculate on this prediction.
You enter 40 long put options written on the S&P/ASX200 index. The options have a strike price of 6450.
On the expiry date of these options, the S&P/ASX200 index sits at 6500.
What is the gross payoff (in dollars) on your index option speculation?
The gross payoff on the index option speculation is $6,000.
How is the gross payoff on the index option speculation calculated?To calculate the gross payoff on the index option speculation, we need to determine the difference between the strike price and the actual index level at the expiry date. In this case, the strike price is 6450 and the index sits at 6500. Since the market fell, the put option is in-the-money.
The gross payoff on a put option is calculated as the difference between the strike price and the index level, multiplied by the number of options held. In this scenario, the difference is 6500 - 6450 = 50.
So, the gross payoff is 50 x 40 = $2,000.
However, since each option contract typically covers 100 shares, we need to multiply the gross payoff by the multiplier (100) to calculate the total payoff in dollars.
Therefore, the gross payoff on the index option speculation is $2,000 x 100 = $200,000.
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A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share per year?
How to treat someone very mean on their special day??
When I mean special day I mean
Mothers day
Birthday
Meeting
whoever answers the questions correctly and best I will mark them Brainly and will give them more points
Answer:
birthday
Explanation:
- give them a happy birthday card but glue the card shut
- give them a wrapped present but inside the box put nothing but glitter in it
How much is total liabilities in the trial balance?
a. 32,300
b. 26,200
c. 76,200
d. 176,100
The amount represents the total liabilities in the trial balance is 28,200. Thus, option D is correct
In accounting, a trial balance is a list of all the general ledger accounts and their balances at a specific point in time. It serves as an intermediate step in the accounting cycle before the preparation of financial statements. The purpose of a trial balance is to ensure that the total debits equal the total credits in the ledger accounts, which helps identify any errors in the recording or posting of transactions.
The trial balance includes all accounts, such as assets, liabilities, equity, revenues, and expenses. Each account is listed along with its corresponding debit or credit balance. The debit balances are typically listed in the left column, while the credit balances are listed in the right column. The trial balance serves as a summary of the account balances before they are used to prepare financial statements like the income statement, balance sheet, and cash flow statement.
If the total debits equal the total credits in the trial balance, it is said to "balance," indicating that the double-entry bookkeeping system has been followed correctly. However, if the trial balance does not balance, it suggests that there may be errors in the ledger accounts, such as incorrect postings or omissions. In such cases, accountants need to investigate and rectify the discrepancies before finalizing the financial statements.
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Complete question:
How much is total liabilities in the trial balance?
a. 32,300
b. 26,200
c. 76,200
d. 28,200
is 1 a prime number
tell me pls im to dumm
Answer:
No
Explanation:
All prime numbers most be more then 1.
Which of the following is an example of a fixed asset?
A. Money in the bank
B. Accounts payable
C. Gross profit
D. Real estate
Answer:
D. Real estate
Explanation:
Fixed assets are physical resources belonging to a business. There are tangible and valuable items that a business owns. A firm uses fixed assets to generate income in the current and future periods.
Fixed assets have a useful life exceeding the current financial year. They are not meant for sale in the short run but to help a business generate income for many years to come. From the list provided, real estate is a fixed asset. Other examples of fixed assets include motor vehicles, machinery, and equipment.
What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? 3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk? 4. Why is estate planning important? 5. What is the principle of indemnity? Why is this principle important?
Answer:
insurance is important in that it helps you indemnity the losses occured after the risk occurrence
Explanation:
insurance ensures that you are covered from all period and hazards
1. What is the relationship between insurance and successful financial management? Why is insurance important?
The relationship between insurance and successful financial management is important because while successful financial management helps with unexpected situations requiring emergency planning, insurance is a contract made to ensure that your assets are protected and damage paid for if that event occurs.2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?
You could be risked by fires, high winds, hail, and lightning damage to protect your possessions you would need Homeowners insurance. To be protected from natural disasters you may need additional coverage (if natural disasters occur often).3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
Some personal, property, and liability risks would be poor health and old age, having your property damaged, and being responsible for something that happens that could lead to a lawsuit.4. Why is estate planning important?
Estate planning can be important because estate planning is about protecting your loved ones, transferring your assets to heirs.5. What is the principle of indemnity? Why is this principle important?
The principle of indemnity is compensation, ensuring that you will not lose any finances.Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months. What term best summarizes the situation?
Answer: Variable interest rate loan
Explanation:
Given, Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months.
That means the interest rate will change after 18 months.
The term that summarize the situations would be "variable interest rate loan"
A variable interest rate loan is defined as a loan in which the interest rate charged on the current balance fluctuates over time as market interest rates changes. It mostly generate more interest.The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.
Answer:
March $6,000
April $134,400
Explanation:
Preparation of a monthly cash budget for March and April
SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL
March April
Estimated cash receipts from:
Cash sales $157,500 $182,000
($450,000*35%=$157,500)
($520,000*35%=$182,000)
Collections of accounts receivable
$285,000 $328,900
[$51,000+($450,000*65%*80%)=$285,000]
[($450,000*65%*20)+($520,000*65%*80%)=$328,900]
Total cash receipts $442,500 $510,900
($157,500+$285,000=$442,500)
($182,000+$328,900=$510,900)
Estimated cash payments for:
Manufacturing costs $174,500 $305,000
[$102,000+($290,000*1/4)=$174,500]
[($290,000*3/4)+($350,000*1/4=$305,000)]
Selling and administrative expenses $37,000 $37,500
[($41,400-$6,400)/2 + $19,500 $37,000]
[($46,400-$6,400)/2 +$19,500$37,500]
Capital additions $250,000 $0
Income taxes $0 $40,000
Total cash payments $461,500 $382,500
Cash increase (decrease) -$19,000 $128,400
($442,500-$461,500=-$19,000)
($510,900-$382,500=$128,400)
Cash balance at beginning of month $45,000 $26,000
Cash balance at end of month $26,000 $154,400
(-$19,000+$45,000=$26,000)
($128,400+$26,000=$154,400)
Minimum cash balance $20,000 $20,000
Excess (deficiency) $6,000 $134,400
($26,000-$20,000=$6,000)
($154,400-$20,000=$134,400)
Therefore The monthly cash budget for March and April will be :
March $6,000
April $134,400
The revenue cycle of a company generally includes which accounts?a. Inventory, accounts payable, and general expenses.b. Inventory, general expenses, and payroll.c. Cash, accounts receivable, and sales.d. Cash, notes payable, and capital stock.
The revenue cycle of a company generally includes cash, accounts receivable, and sales.
Cash represents the inflow of funds from customers, while accounts receivable is the money owed to the company by its customers for goods or services that have been sold on credit. Sales refer to the revenue earned from the sale of products or services.The revenue cycle is the process of selling goods or services to customers and receiving payment from them. It involves a series of interrelated business activities that start from the moment a sale is made until the cash is collected. The revenue cycle typically includes sales order entry, credit approval, shipping and handling, billing, and cash receipts.
Inventory, accounts payable, and general expenses are not part of the revenue cycle. Inventory is the goods a company holds for sale, accounts payable represents the money owed to suppliers for the purchase of goods or services, and general expenses are the costs associated with running a business. While these accounts are important for a company's financial management, they do not directly relate to the revenue earned from sales.
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SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
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