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Henderson Farms reported a net income of $70,000 for the month of November after considering their sales revenue, variable costs, and fixed costs.
Henderson Farms reported the financial results for the month of November, which provide insights into the company's sales, costs, and profitability. The sales for the month totaled $600,000, indicating the total revenue generated from selling 10,000 units of their products. From this revenue, the company incurred variable costs amounting to $420,000. Variable costs are directly related to the production and sales volume, and they include expenses such as raw materials and direct labor.The contribution margin, which is the difference between sales revenue and variable costs, is calculated to be $180,000. This represents the amount available to cover the company's fixed costs and contribute to the net income. Fixed costs for the month amounted to $110,000, which includes expenses such as rent, utilities, and administrative costs.After deducting the fixed costs, Henderson Farms achieved a net income of $70,000. Net income represents the profit earned by the company after accounting for all expenses, including both fixed and variable costs.In summary, Henderson Farms generated $600,000 in sales revenue, incurred $420,000 in variable costs, and had $110,000 in fixed costs. This resulted in a net income of $70,000 for the month of November.For more questions on sales
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On September 1, Home Store sells a mower (that costs $320) for $620 cash with a one-year warranty that covers parts. Warranty expense is estimated at 8% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $43 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 3 4 Record the cost of mower sales. Note: Enter debits before credits. General Journal Debit Credit Date Sep 01 Record entry Clear entry View general journal
Answers
Answer:
Sep 1
Dr Cash $620
Cr Sales revenue $620
Sep 1
Dr Cost of Goods Sold $320
Cr Inventory $320
Sep 1
Dr Warranty expense $47
Cr Estimated warranty liability $47
Jan 24
Dr Estimated warranty liability $43
Cr Repair parts inventory $43
Explanation:
Preparation of the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs
Sep 1
Dr Cash $620
Cr Sales revenue $620
( To record sale )
Sep 1
Dr Cost of Goods Sold $320
Cr Inventory $320
(To record costs)
Sep 1
Dr Warranty expense $47
Cr Estimated warranty liability $47
($620*8%)
(To record Warranty expense )
Jan 24
Dr Estimated warranty liability $43
Cr Repair parts inventory $43
(To record Warranty incurred)
Answer:
Explanation:
1 September:
Dr Cash $620
Cr Sales revenue $620
(To record cash receipt from mower sale)
1 September:
Dr Cost of goods sold $320
Cr Finished goods inventory $320
(Cost of mower sale recorded)
1 September:
Dr Warranty expense $49.60
Cr Warranty liability $49.60
(To record estimated warranty expense)
24 January:
Dr Warranty liability $43.00
Cr Repair Parts Inventory $43.00
(To record cost of warranty repairs)
Calculation:
Warranty Expense = Sales Revenue × Estimated Warranty Expenses
= $620 × 8%
= $49.60
1. How might an organization select a candidate from a pool of applicants with innovative ideas? What would be the best selection tool to measure this innovation based on what you have learned in the class about selection techniques?
2. Briefly define job analysis. And explain why is job analysis relevant to key HRM activities discussed in the course (i.e., staffing, training, performance appraisal, and reward systems).
Answers
An organization can select a candidate from a pool of applicants with innovative ideas by checking to see how they solved tough problems in the past using very simple and out-of-the-box solutions. They can also look out for how long it took for them to solve such problems. Hence, a great measure would be simplicity and "time to market".
A job analysis is a document that highlights the details of a job, who and what is required to get the job done. Job Analysis is very crucial to HRM because it serves as a pivot document.
What is the purpose of Job Analysis?The goal of Job Analysis is to determine and document the 'job relatedness' of employment activities such as training, selection, remuneration, and performance evaluation.
The grouping of jobs within a work family is defined by job analysis. It enables units to establish work progression routes for individuals interested in boosting their possibilities for career growth and income.
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The following table shows the prices of a sample of Treasury bonds, all of which have coupon rates of zero. Each bond makes a single payment at maturity.
Years to Maturity Price (% of face value)
1 96.852%
2 93.351
3 89.544
4 85.480
a) What is the 1-year interest rate?
b) What is the 2-year interest rate?
c) What is the 3-year interest rate?
d) What is the 4-year interest rate?
e) Is the yield curve upward-sloping, downward-sloping, or flat?
f) Is this the usual shape of the yield curve
Answers
a) The 1-year interest rate is 3.25%.
b) The 2-year interest rate is 7.12%.
c) The 3-year interest rate is 11.68%.
d) The 4-year interest rate is 16.99%.
e) The yield curve is always upward-sloping. With increased time to maturity, interest rate increases to compensate for the increased risks associated with a longer term.
f) Yes. The usual shape of the yield curve is upward-sloping because short-term securities generate lower yields than long-term debt instruments.
What is the interest rate?The interest rate is the compensation for undertaking financial risks in view of the time value of money.
The interest rate depends on two factors, the maturity period and the implied risks involved.
The interest rate can be computed using the following yield-to-maturity formula:
YTM Formula = (100%/Price %) - 1
Years to Price (% of Interest rate =
Maturity face value) (100%/Price %) - 1
1 96.852% 3.25% (100/96.852 - 1)
2 93.351% 7.12% (100/93.351 - 1)
3 89.544% 11.68% (100/89.544 - 1)
4 85.480% 16.99% (100/85.480 - 1)
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Define nongovernment organizations
Answers
Answer:
-UNICEF Việt Nam – Quỹ Nhi đồng Liên Hiệp Quốc
– UNFPA – Quỹ Dân số Liên Hợp Quốc
– UNIDO – Tổ chức Phát triển Công nghiệp Liên Hiệp Quốc
– Aide et Action International
– IntraHealth International
– The Asia Foundation
Explanation:
Tổ chức phi chính phủ phủ là tổ chức quốc tế trong đó các thành viên tham gia không phải là chính phủ, tổ chức phi chính phủ được thành lập một cách tự nguyện, hợp pháp không vì lợi nhuận, thúc đẩy sự phát triển trong công nghệ, khoa học kỹ thuật…
how do I create a marketing plan
Answers
Set metric-driven marketing goals.
Outline your user personas.
Research all of your competitors.
Set accurate key baselines & metrics.
Create an actionable marketing strategy.
Set tracking or reporting guidelines.
Identify what constitute the combination of traits, which result from the interaction of genes and environment.
O personality
O locus of control
O ethnocentrism
O perception
Answers
Answer:
Personality
Explanation:
the combination of traits, which result from the interaction of your genes and your environment, they constitute your personality.
The personality from the interaction of genes and environment.
What is combination of traits?It could involve anything from managing a team of people to swaying opinions and guiding an organization's development.
Whatever your personal definition of leadership may be, we can all agree on one thing: Great leaders regularly exhibit certain characteristics as opposed to mediocre ones.
Effective leaders play a critical role in ensuring that people are inspired, engaged, and properly prepared to provide their best work at all levels of a business.
Therefore, The personality from the interaction of genes and environment.
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On July 1, 2018, Gupta Corporation bought 25% of the outstanding common stock of VB Company for $140 million cash. At the date of acquisition of the stock, VB net assets had a total fair value of $480 million and a book value of $280 million. Of the $200 million difference, $44 million was attributable to the appreciated value of inventory that was sold during the last half of 2018, $128 million was attributable to buildings that had a remaining depreciable life of 10 years, and $28 million related to equipment that had a remaining depreciable life of 5 years. Between July 1, 2018, and December 31, 2018, VB earned net income of $60 million and declared and paid cash dividends of $52 million.
Required:
1. Prepare all appropriate journal entries related to the investment in 2016, assuming equity method.
2. Determine the amounts to be reported by Gupta
a. As an investment in Gupta's 2016 balance sheet.
b. As investment revenue or loss on Gupta's 2016 income statement
c. Among investing activities in Gupta's statement of cash flows.
Answers
Answer:
Please below and attached detailed solution.
Explanation:
1. Prepare all appropriate journal entries related to the investment in 2016, assuming equity method - Please see attached detailed solution
2. Determine the amounts to be reported by Gupta;
a. As an investment in Gupta's 2016 balance sheet = $126.4 million
b. As an investment revenue or loss on Gupta's 2016 income statement = $0.6 million
c. Among investing activities in Gupta's statement of cash flow = $140 million.
Please find attached solution to the questions and answers above.
as Vincent gets older, he tends to look for high-paying jobs, watch for sales, and search for items and opportunities that invite happiness and fulfillment. What does Vincent's behavior demonstrate?
Answers
Vincent's behavior demonstrates rational self-interest.
What does Vincent's behavior demonstrate?Vincent's behavior of seeking high-paying jobs, looking for sales, and searching for opportunities that bring happiness and fulfillment aligns with the concept of rational self-interest. Rational self-interest refers to individuals making choices and pursuing actions that they believe will maximize their own well-being or self-interest.
In this case, Vincent is actively seeking opportunities that offer financial benefits (high-paying jobs, sales) and personal satisfaction (happiness and fulfillment). His actions are driven by the desire to improve his own economic and personal circumstances which is indicative of rational self-interest.
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suppose the income of consumer increased from 8000 to10000 birr. because of the change in income, quantity purchased from10 units to 12 ,how much is the income elasticity of demand,what types of goods the consumer buys and consume, explain result
Answers
The income elasticity of demand is 0.8, indicating that the good is a normal good and consumers buy and consume more of it as their income increases.
How to calculate Income Elasticity of Demand?To calculate the income elasticity of demand, we use the formula:
Income Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Income)
Given that the income increased from 8000 to 10000 birr, which is a 25% increase, and the quantity purchased increased from 10 units to 12 units, which is a 20% increase, we can plug these values into the formula:
Income Elasticity of Demand = (20% / 25%) = 0.8
Since the income elasticity of demand is positive (0.8), we can conclude that the good is a normal good. Normal goods are those for which demand increases as income rises, indicating that consumers buy and consume more of the good as their income increases.
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Firms in monopolistic competition would: Select one: a. persistently realize economic profits in both the short and long run b. may realize economic profits in the long run and normal profits in the short run c. tend to incur persistent losses in both the short and long run d. tend to realize economic profits in the short run and normal profits in the long run e. none of the above
Answers
Answer:
d. tend to realize economic profits in the short run and normal profits in the long run
Explanation:
Monopolistic competition can be defined as the market structure which comprises of elements of competitive markets (having many competitors) and monopoly.
Firms in monopolistic competition would tend to realize economic profits in the short run and normal profits in the long run
3
Choose the sentence that is correctly punctuated.
е
Do out
Select one:
• a. Planning, directing, and controlling-these are functions of a manager.
b. Planning, directing, and controlling: these are functions of a manager.
C. Planning, directing, and controlling; these are functions of a manager.
า
Answers
Answer:
C. Planning, directing, and controlling; these are functions of a manager.
2. How would each of the following affect the demand for money ? a a tax on bonds held by individuals b . a forecast by the Central bank that interest rates will rise sharply in the next quarter
Answers
how do you pay taxes and is it hard ( just curious)
Answers
Outsourcing suppliers can often provide economies of scale, especially for hardware and software, that may not be available to the client alone. Which benefit does this offer an organization?
increased accountability
reduction in costs
increased flexibility
access to specific skills
Answers
Outsourcing suppliers can frequently give economies of scale, particularly for equipment and programming, that may not be accessible to the client alone. The advantage does this proposition is an associated reduction in costs.
The option (B) is correct.
Outsourcing suppliers is an organization to which the enterprise subcontracts an errand completed by qualified workers in situations where the association and the organization of accomplices have concurred in the concurred sum that the organization would give occupations to current qualified competitors substantiating that endeavor for the organization.
Utilizing a third coordinated factors (3PL) firm to screen, redesign, and smooth out the store network is alluded to as re-appropriating the inventory network of the executives. A fixed cost is a repetitive cost with a steady worth. The degree of result or income no affects fixed costs.
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. Best Care Pharmacy Ltd (BCPL) sold some medication with a cost of $400 for $900 on account. Assuming BCPL uses the periodic inventory system, the entry to record the cost of medicine sold would be ______. a. None of the listed b. Dr. Sales Revenue and Cr. Accounts Receivable for $900 c. Dr. Cost of Goods Sold and Cr. Merchandise Inventory for $400 d. Dr. Accounts Receivable and Cr. Sales Revenue for $900
Answers
Answer:
The answer is C.
Explanation:
Dr. Cost of Goods Sold and Cr. Merchandise Inventory for $400
To exploit an expected increase in interest rates, an investor would most likely:_______.a. sell Treasury bond futures. b. take a long position in wheat futures.
Answers
Answer:
a. sell Treasury bond futures
Explanation:
To exploit an expected increase in interest rates, an investor would most likely sell Treasury bond futures. Since treasury bond prices are inversely related to interest rates, an increase in interest rates will cause a decline in price of treasury bonds. By selling Treasury Bond futures, investor will have short position which will benefit from the increase in interest rates.
(30 POINTS)What is one difference between a vocational school and on-the-job training?
A vocational school degree takes one year to earn. On-the-job training takes two or more years.
A vocational school degree takes weeks or months to earn. On-the-job training takes two years or fewer.
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
A vocational school is usually paid for by the employer. On-the-job training is usually paid for by the worker.
Answers
Answer:
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
Explanation: Vocational training is when you as a worker learn more about your job so you have to pay your trainer to acquire knowledge. However for on-the-job training you have understandin got how to do your work so you get paid
The main difference between a vocational school and on-job training is that "the vocational school is paid for by workers while the on-job training is paid for by the employer".
The vocational school or the vocational form of training is the training provided to the worked by creating the replica of a similar workstation. This helps the workers to know about the entire working process before entering into the actual workplace.
The on-job training is provided to the employers before starting the work or during the existing work about the changes or modifications in the current work process. This is beneficial when the duplicate situation cannot be created and the new work needs to be operated along with the existing work.
Therefore, option c is correct.
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TRUE/FALSE. Cash and cash equivalents include accounts receivable expected to be collected within 90 days or less.
Answers
The given statement "Cash equivalents and cash will include accounts receivable expected to be collected within a 90 days or less" is false. Because Cash and cash equivalents refer to highly liquid assets that can be converted into cash quickly, usually within three months or less.
Accounts receivable, on the other hand, represent money owed to a company by its customers for goods or services that have been sold but not yet paid for.
While accounts receivable can be converted into cash, they are not considered to be cash or cash equivalents because they are not highly liquid assets that can be converted into cash immediately.
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What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
What is the first question you should ask yourself when analyzing an
advertisement?
A.what is its intention
B.how much is it
C.when can i buy
D.will my friends like it
Answers
A.
because it could be like a baby toy and the first question you ask would be when can i buy it
1. The executive summary of a project report shall concentrate on a: Major project inputs and outputs: b. The degree of reliability of the data c. The margin of error in terms of uncertainty and risk The project design c/ All of the following
Answers
All the given options are part of the project management that happens in the company or a firm.
What is an executive summary of a project?An executive summary in the project the executives is a synopsis of the most basic data of your undertaking proposition. It's beginning and end that administration has to know when they land on your undertaking before they audit venture plan.
The management included "triangle" of extension, time, and cost has been illuminating undertakings starting from the primary colleague employed to achieve a task. In the essential arrangement of a triple limitation, one of three components can oblige an undertaking.
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What is a public sector wage bill ?
Answers
Answer:
Equal pay for equal work
Answer:
Wage bill (2016/2017)It is said that the rational consumer will act according to his or her self-interest, and that self-interest can include a concern for one’s family and friends, but not often society as a whole. Which of the following illustrates this type of decision?
Select one:
a. The boat rental was worth the additional fish caught, regardless of how little fish we left behind.
b. Mr. T. decides not to purchase any case of water bottle so there could be more left for other consumers.
c. The rental of recreational vehicles for use in national parks is responsive to concerns of noise pollution.
d. Our time was very valuable at that moment, but we stopped to put out the fire before it spread.
Answers
The correct answer is A. The boat rental was worth the additional fish caught, regardless of how little fish we left behind.
Explanation:
The self-interest concept in the economy proposes individual interests prevail over general society interests. This means consumers make decisions only based on their concerns. This can be seen in "The boat rental was worth the additional fish caught" because in this case, the consumer is only thinking about the money he/she earns through the boat rental, which is an individual interest. Also by stating "regardless of how little fish we left behind" the consumer shows he/she is not interested in the ecosystem or whether there is going to be fish in the future, and therefore the consumer is not thinking about the general societal interests.
Write a list of at least 3 things that Eric has done right before applying for a loan.
Answers
Answer:
A. Three important Items to double check before submitting a loan application to underwriting.
• Completeness of data : One has to be sure that all important details are captured hence none is left out. It means that there are no missing information on the application.
• Calculations performed accurately: This means that calculations such as borrower's income, qualifying ratios are calculated accurately and also double checked for the purpose of the loan underwriting.
• Documentations required by the loan programme. All Documentations required by the loan programme must be double checked before submitting a loan application to underwriting.
B. List at least two things you would be sure to tell a borrower in preparation for closing
• I will seek clarity in terms of the money borrower would be bringing to the closing table.
• The date,time,venue of closing are essential for the closing hence will be communicated to the borrower. Also, there are no right or wrong answers that may be asked or given by the borrower during the closing.
C. List at least three calculations that are typically used during the course of mortgage loan transaction.
• Income calculation
• Front end and back end ratio (DTI ratio)
• Monthly payment.
Explanation:
The three things that Eric has done before making a loan application are as follows:
Careful examination of loan applicationCommunication to the borrowing party regarding the closing of the loanComputations related to the loan transactionWhat is a loan?A loan is an amount given to the borrowing party at an interest rate that can be annual, monthly, or quarterly basis by the lender.
Eric should make sure the three following things:
He should carefully read the loan agreement and its causes before accepting it by signing the document. He must ensure that the data is accurate and the calculations are correct in themselves.He should communicate with the borrower about the closing time period in advance so that no delay could happen.He computes the monthly installment to be paid by the borrower on the basis of his income and debt-income ratio.Therefore, the three things which Eric should check have been explained above.
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The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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true or false : The computations involved in the net present value method of analyzing capital investment proposals are less involved than those for the average rate of return method.
Answers
False: The calculations needed to analyze capital investment proposals using the net present value approach require less work than those needed to do so using the average rate of return method.
The present value is the estimated cash flows' value in today's money after discounting or taking the discount rate out. If the result, or present value of the cash flows, is more than the rate of return from the discount rate, then the investment is worthwhile.
The best course of action is option an. Internal rate of return. When evaluating potential capital investment projects, the internal rate of return is determined using the present value concept in capital budgeting.
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Answers
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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A patient has undergone procedures in the dental office to improve his periodontal health. The patient had severe periodontal disease and has shown moderate improvement, although he states his “gums are still bleeding.” The patient already has undergone a series of radiographs, a periodontal chart, and intraoral photographs that were taken before the treatment began. What instruments and forms should the dental assistant have ready for the dentist for this patient’s next examination? What must the dental assistant do during and after the examination?
Answers
A dentist is a health practitioner which specializes in oral health and
treatment plans for individuals.
The instruments and forms the dental assistant should have ready for this
patient’s next examination include:
Briault probeCotton forcepsExplorersMouth mirrorPeriodontal probeStraight probeThese instruments should be used to check the cause of the bleeding and
administer the right treatment. and is the reason why an examination has
to be conducted.
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for many investors, mutual funds have become the investment of choice and are a part of their retirement accounts.
Answers
For many investors, mutual funds have become the investment of choice and are a part of their retirement accounts. This statement was true. Thus, option (a) is correct.
What is an investment?An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
According to investors, mutual funds are the most appealing investment option. Mutual funds have evolved into one of the most prominent alternative investments among clients because of their numerous benefits.
As a result, the investors on the interested in the mutual funds. This statement was the truth. Thus, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
True
False
What is the name given to the study of how wealth is created and distributed?
O Marketing
O Economics
O Finance
O Capitalism
Answers
Answer:
What is the name given to the study of how wealth is created and distributed?
O Marketing
O Economics
O Finance
O Capitalism