Hlleym762 Inc. is a merchandising company. Last month the company's cost of goods sold was $62,600. The company's beginning merchandise inventory was $16,600 and its ending merchandise inventory was $25,200. What was the total amount of the company's merchandise purchases for the month?
Answers
Answer:
Purchases = $71200
Explanation:
Using the Cost of Goods Section from the Income statement, we can calculate the Purchases of merchandise for the month. The cost of Goods sold is calculated as follows,
Cost of Goods Sold = Opening Inventory + Purchases - Closing Inventory
As we already have values for Cost of Goods Sold, Opening inventory and closing inventory, we can plug the values in the above formula to calculate the value of purchases.
62600 = 16600 + Purchases - 25200
62600 + 25200 - 16600 = Purchases
Purchases = $71200
Related Questions
A closeout report is primarily used to
Answers
Answer:
draft the summary of a project plan and the performance efficiency of it.
Explanation:
A closeout report is primarily used to "draft the summary of a project plan and the performance efficiency of it."
Closeout report is a means of preparing an analysis of a project plan, including the result, in which the differences, pros, and cons, are listed out.
It also contains the performance rating or measure to determine the level of success of a project plan.
CSelect the items from this list that are examples of misconceptions.
A high school student is too young to have a budget.
A bank is not a safe place to keep your money.
Buy stock before you have a steady income.
After high school, there is no need to become more educated.
Save your money as soon as you have a full-time job.re the deadline.
Answers
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result, which of the following barriers mentioned in Section 4.6 is this an example of?
Answers
Answer:
Explanation:
fears of reverse discrimination
A foreign currency payable arising from an import purchase creates a liability exposure to foreign exchange risk.
Answers
A liability exposed to foreign exchange risk is created by a foreign currency payable resulting from an import purchase.
What obligations are you referring to?
A company's future financial obligation to individuals or businesses is known as a liability. This suggests that the company will never be profitable. A liability is an alternative kind of funding for a business besides equity.
Which instances qualify as liabilities?
Liabilities are any outstanding debts owed by your business, including bank loans, mortgages, unpaid bills, IOUs, and other sums of money. A liability exists if you haven't paid someone who you committed to pay a certain amount of money to in the future.
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Describe a business crisis from recent years during which better communication would have aided the corporation(s) in question.
Could enforced transparency have prevented the setback--or would it have made it worse? If you were in control of communication during the crisis, how. would you address your investors?
Answers
One business crisis from recent years during which better communication would have aided the corporation(s) in question is the one involving Rogers Contract. A small comma error led to an error that cost two million US. dollars. This case study became known as the "Comma Quirk".
If you were in control of communication during the crisis, how. would you address your investors?In cases like the above, transparency would definitely go a long way in addressing the issue. Given the value of the contract, it is expected that such a problem would have been escalated to the highest levels of authority.
At such a level, deals can be made to mitigate such losses, assuming there was zero operational control to check such things.
Some of the operational control that would forestall such errors is to ensure that such contracts go through at least three eagle-eyed hands before it is finally endorsed.
Another tool that serves to protect companies from bearing the full weight of the loss is to have Insurance in place that caters to Errors and Omissions.
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After a retiring from a successful business career, you would like to make a donation to your university. This donation will go into the school’s endowment pool and the returns generated from the donation will support the salary of a new professor in the business school on a perpetual basis. The university expects to earn returns of 5.5% on its endowment pool. You may assume that any distributions to support the salary will be made annually.
Part A) You can make a donation today (t=0) in the amount of $2,500,000. The first cash flow distribution from your donation to cover the professor's salary will take place in one year (at t=1). Which of the following is closest to the annual salary payment that can be made as a result of your donation?
A. $2,500,000
B. $454,545
C. $100,000
D. $137,500
Part B) After further discussions, the university determines that the employment agreement with the new professor will call for annual salary increases of 2%. Given this new requirement, and assuming the first salary distribution will still occur one year from today, what is the starting salary (at t=1) that can be supported with your $2,500,000 donation?
A. $50,000
B. $187,500
C. $140,250
D. $87,500
Answers
Answer:
Part A) D. $137,500
Part B) C. $140,250
Explanation:
Part A) The computation of annual salary payment is shown below:-
Annual salary = Donation made × Interest rate
= $2,500,000 × 5.5%
= $137,500
So, for computing the annual salary we simply multiply the donation made with interest rate.
Part B) The computation of starting salary is shown below:-
Starting salary = Annual salary + Increased annual salary
= $137,500 + 2%
= $140,250
Therefore for computing the starting salary we simply added the annual salary with increased annual salary.
The following information is available for completed Job No. 402: Direct materials, $25,000 direct labor, $35,000 manufacturing overhead applied, $20,000 units produced, 8,000 units units sold, 6,000 units. The cost of the finished goods on hand from this job is
Answers
Work No. 402's final goods cost $24,000 in total.
What is the price of the finished product?Direct labor, direct materials, and overhead are the three main expenses involved in producing items, and they are all included in the cost of finished goods. In addition, a company will pay carrying costs when finished goods are kept in stock.
We must apply the following calculation to determine the cost of the finished goods we currently have from Work No. 402:
Direct materials, direct labour, and manufacturing overhead are all included in the cost of goods manufactured.
Cost per Unit = Manufacturing Cost / Units Produced
Cost of Completed Items = Cost Per Unit x Ending Inventory Units
Given:
Direct materials = $25,000
Direct labor = $35,000
Manufacturing overhead applied = $20,000
Units produced = 20,000 units
Units sold = 8,000 units
Units in ending inventory = 6,000 units
Using the formula, we can calculate:
Cost of Goods Manufactured = $25,000 + $35,000 + $20,000 = $80,000
Cost per Unit = $80,000 / 20,000 units = $4 per unit
Cost of Finished Goods on Hand = $4 per unit x 6,000 units =$24,000
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1) Giving examples explain Eight (8) types of leadership styles(10mks)
2) Explain the do’s and don’ts of communication(5mks)
3) Explain the how managers can use motivation theories to motivate employees(10mks)
Answers
Answer:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility.
Answer:
Explanation:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility
With a savings and investment program designed for retirement, you can _?_. Choose all that apply. (personal finance class)
prepare for those emergency expenditures
primarily help your friends and family in time of need
ensure that you will be better prepared for your retirement years
none of the above
Answers
The savings and investment program that is designed for retirement can be used to:
prepare for those emergency expenditures primarily help your friends and family in time of need.ensure that you will be better prepared for your retirement years.What is an investment?It should be noted that an investment simply means the dedication of asset in order to attain an increase in value for a period of time.
In this case, the investment van be used to prepare for those emergency expenditures, primarily help your friends and family in time of need and ensure that you will be better prepared for your retirement years.
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What is bootstrapping technique 1 buying as much as u can 2 leasing as much as u can
Answers
Answer:
2. Lease as much as you can.
Explanation:
The term 'bootstrapping' can be defined as a process used by entrepreneurs to bringing in use their own assets as the capital resource. These resources can include personal savings, personal property area, etc. An enterprenuer can use these resources to ensure positive cash flow.
The most common way of bootstrapping is to lease your resources. One can lease his/her resources as much as one can under bootstrapping technique.
Therefore, option 2 is correct.
Net farm income less family living expenses and income taxes equals
Answers
Individual income is the net farm income less family living expenses and income taxes. It is the total income from the outcome produced on the farm by the means of employment or self land work.
Income of family and the expenditure of the budget decided after paying the taxes is the left income is allocated to extraordinary expenses of the remaining things to be spared. Lower class families are abolished from these.
The taxes are imposed on those which comes under the criteria like for income taxes are made several slabs so that those not under criteria are not liable to pay them.
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What are three advantages and three disadvantages of globalization
Answers
To use an outline for writing a formal business document, what should you do after entering your bottom-line statement? O A. Move the bottom-line statement to the end of the document. OB. Write a topic sentence for every detail. O C. Enter each supporting detail from the outline on a separate line. O D. Enter each major point from the outline on a separate line.
Answers
Answer:
enter each major point from the outline on a separate line
Explanation:
Kk
Answer:
D : Enter Each Major Point From The Outline On a Separate Line
Explanation:
AP3X
pog
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: Actual manufacturing overhead cost Estimated manufacturing overhead cost Estimated direct labor cost Estimated direct labor hours Actual direct labor hours Estimated machine hours Actual machine hours By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.)
Answers
Answer: Underallocated for the year by $18,750
Explanation:
Company uses Predetermined overhead rate based on machine hours so;
Applied manufacturing overhead = Predetermined overhead rate * Actual machine hours
Predetermined rate = Estimated manufacturing overhead cost / Estimated machine hours
= 550,000/40,000
= $13.75 per machine hour
Applied manufacturing overhead = 13.75 * 35,000
= $481,250
Actual Manufacturing Overhead Cost = $500,000
= Applied Overhead - Actual Overhead
= 481,250 - 500,000
= -$18,750
This means that manufacturing overhead was underallocated for the year by $18,750
who will be taxed in Transnet
Answers
The South African Mining Industry is very crucial to it's economy. Transnet is one of it's major players. Given that it had a set budget for the 2021/22 financial year, much of which was supposed to be financed by the mining sector, unfortunately, the sector delivered a shortfall.
If Transnet had performed on its nameplate capacity of 78 million tons rather than the 58 million tons delivered in 2021, the industry would have gained R32 billion in revenue. The sector lost R16 billion in sales by failing to meet its objective of 68 million tons.
Because of the above shortfall, assuming current market prices, more than a third of the R140 billion in tax scheduled to be paid from all South African mining firms.
Who is Transnet?
Transnet SOC Ltd is a significant South African rail, port, and pipeline corporation located in Johannesburg's Carlton Centre.
It was established as a limited business on April 1, 1990. The South African government's Department of Public Enterprises, or DPE, owns the majority of the company's equity.
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Find the value of - such that 0.7286 of the area lies between -z and z ?
Answers
Answer:
0.7286) hoy por York HD HD babe tour y con dont canales know josh work funciona como know para descargar Windows AndroidKeisha Tombert, the bookkeeper for Vaughn Consulting, a political consulting firm, has recently completed a managerial accounting course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Keisha wondered if such a schedule could be prepared for her firm. She realized that, as a service-oriented company, it would have no work in process inventory to consider. Listed below are the costs her firm incurred for the month ended August 31, 2020. Supplies used on consulting contracts $1,940 Supplies used in the administrative offices 1,700 Depreciation on equipment used for contract work 910 Depreciation used on administrative office equipment 1,450 Salaries of professionals working on contracts 16,400 Salaries of administrative office personnel 8,690 Janitorial services for professional offices 800 Janitorial services for administrative offices 580 Insurance on contract operations 880 Insurance on administrative operations 930 Utilities for contract operations 2,360 Utilities for administrative offices 1,930 (a) Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month.
Answers
Answer:
$23,290.00
Explanation:
Preparation forn a schedule of cost of contract services performed
Supplies used on consulting contracts 1,940.00
Salaries of professionals working on contract 16,400.00
Service Overhead:
Janitorial services for professional offices 800.00
Insurance on contract operations 880.00
Utilities for contract operations 2,360.00
Depreciation on equipment used for contract work 910.00
Total service overhead 4,950.00
(800.00+880.00+2,360.00+910.00)
Cost of Contract Services Provided 23,290.00
(1,940.00+16,400.00+4,950.00)
Administrative expenses:
Supplies used in administrative offices 1,700.00
Depreciation on administrative office equipment 1,450.00
Salaries of administrative office personnel 8,690.00
Janitorial services for administrative offices 580.00
Insurance on administrative operations 930.00
Utilities for administrative offices 1,930.00
TOTAL 15,280
Therefore the schedule of cost of contract services performed will be 23,290.00
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
Current liabilities $ 197 Income before interest and taxes $ 116
10% Bonds, long-term 370 Interest expense 37
Total liabilities 567 Income before tax 79
Shareholders' equity Income tax 22
Capital stock 210 Net income $ 57
Retained earnings 291
Total shareholders'
equity 501
Total liabilities and
equity $1,068
HHF's times interest earned ratio is (Round your answer to two decimal places.):__________.
a) 10.00.
b) 3.14.
c) 1.54.
d) 2.14.
Answers
Answer:
HHF's times interest earned ratio is 3.14. The right answer is b
Explanation:
In order to calculate the times interest earned ratio we would have to use the following formula:
Times interest earned ratio=Earnings before interest and taxes/Interest expenses
According to the given data we have the following:
Earnings before interest and taxes= $116
Interest expenses =$37
Therefore, Times interest earned ratio=$116/$37
Times interest earned ratio=3.14
HHF's times interest earned ratio is 3.14
Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to be $150.00 and the fixed order cost is $44. What is the economic order quantity (EOQ)? (Round to the nearest whole number.)
Answers
Answer:
34
Explanation:
Given that:
The annual average inventory requirement = 2000
The carrying cost per order per annum = 150
The fixed cost per order = 44
Thus, the Economic ordering quantity can be calculated by using the formula;
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{2 \times Annual \ Demand \times Cost \ Per \ order}{ Annual \ holding \ cost \ per \ unit}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{2 \times 2000 \times 44}{ 150}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{\dfrac{176000}{ 150}\)
\(Economic \ Order \ Quantity (EOQ)=\sqrt{1173.33333}\)
Economic Order Quantity (EOQ) = 34.25
Economic Order Quantity (EOQ) ≅ 34 to the nearest whole number.
pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
Answers
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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In the context of the content and delivery of a marketing message , which of the following methods of communication is more difficult to control than others ? Advertising
Sales promotion
Word of mouth
Radio
Television
Answers
In the context of the content and delivery of a marketing message Word of mouth methods of communication is more difficult to control than others .
Option C is correct.
Which of the following is a form of marketing promotion?A promotional mix is a combination of marketing strategies like advertising, sales, public relations, and direct marketing to achieve a given marketing goal. Advertising (billboard), personal selling (sales representative at a call center), public relations (press conference), sales promotion (coupon), and direct marketing are five examples of promotional elements (catalogue).
While direct selling, public relations, and advertising are all tried-and-true methods of marketing, social media marketing has emerged as a cost-effective means of generating sales. The Top 3 Sales Promotion Methods: advertising at the point of sale, samples and trade shows, coupons, and premiums.
Question incomplete:In the context of the content and delivery of a marketing message , which of the following methods of communication is more difficult to control than others ?
A. Advertising
B. Sales promotion
C. Word of mouth
D. Radio
E. Television
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Why might a marketer choose Internet advertising over television advertising? • A. Because television advertising is more expensive B. Because the Internet has been around longer than television • C. Because Internet advertising is more expensive O D. Because television only reaches people over the age of 50
Answers
The reason why a marketer might choose Internet advertising over television advertising is that A. Because television advertising is more expensive.
What were the reasons why a marketer could pick Internet advertising?Without spending money on a disproportionately large audience, online advertising enables you to identify, connect with, and engage people who are likely to be interested in your company. Online advertising provides detailed audience information so you may better target your efforts.
The reduced running costs of online marketing are one of its primary benefits for companies. Internet marketing makes advertising more affordable than more conventional forms of advertising like radio, television, and newspaper ads.
Therefore, option A is correct.
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Define Entrepreneurial Finance (EF), mention and differentiate different forms of EF based on investment strategies.
Answers
The financial decisiοns and actiοns that entrepreneurs take when launching οr managing a firm are referred tο as entrepreneurial finance (EF). This cοvers everything frοm οbtaining startup financing and cοntrοlling financial flοw tο selecting investments and fοrmulating develοpment plans.
What are the seven principles οf entrepreneurial finance?Cash flοw management, incremental risk and reward, time value οf mοney, incremental cash flοws, the οppοrtunity cοst οf capital, risk management, cοntingency planning, and cοntingency planning are essential fοr successful entrepreneurial finance.
What are the stages in entrepreneurial finance?The entrepreneur raises mοney tο develοp an idea, hire key persοnnel, and cοnduct market research. At the early stage, the entrepreneur has a business plan and prοtοtype οr prοοf οf cοncept. At the grοwth stage, funds are raised tο scale the business, expand intο new markets, and hire additiοnal persοnnel. At the mezzanine stage, the business is preparing fοr an IPO οr acquisitiοn. At the exit stage, the funds are used tο reward investοrs and entrepreneurs.
Based οn the investment tactics used, there are many types οf entrepreneurial finance. Here are the tοp three. Bοοtstrap Financing is a self-funded fοrm οf entrepreneurial finance where entrepreneurs use their οwn savings, persοnal credit cards, and/οr small lοans frοm friends and family tο get their business οff the grοund.
Angel Investing is a high-net wοrth individual whο prοvides funding tο early-stage startups in exchange fοr equity οwnership. Venture Capital is a type οf financing that is best suited fοr startups that have prοven their prοduct οr service and are ready tο scale up.
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The beginning balance in the Supplies account is 5600. The actual supplies on hand are 5400. Write the adjusting journal entry to record the supplies that were used.
Debit Supplies Expense 400: Credit Supplies 400
Debit Supplies Expense 200: Credit Supplies 200
Debit Prepaid Supplies 500: Credit Cash 500
Debit Supplies Expense 100: Credit Supplies 100
Answers
Pls can someone answer quick they are multiple choice
2. Which one of the following is not a characteristic generally evaluated in analysing financial
statements?
(1 Point)
O Liquidity
O Profitability
O Marketability
O Solvency
3. Comparisons of financial data made within a company are called (1 Point)
O intracompany comparisons.
O interior comparisons
O intercompany comparisons
O intramural comparisons
Answers
Marketability, one of the following is not a characteristic generally evaluated in analyzing financial statements. Thus, option (c) is correct.
Comparisons of financial data made within a company are called intracompany comparisons. Thus, option (a) is correct.
What is company?The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
According to the financial statements, are the created with the help of the marketability of the product. There was the financial data are the company to the entry are the intracompany comparisons.
Therefore, option (c) and 2. (a) is correct.
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My name is Felicia McMillian, and I was referred to you by a friend. I have a question about what I should do with my money. I've been working as a pharmaceutical sales representative for just two years now, but I've already started investing a little bit of my money. Right now, I have a checking account, a money market account, and I've started buying small bonds. I am beginning to earn a little more money, and I'm starting to think about future goals, like buying a house, helping my kids pay for college, retirement. . . all things that are more than 10 years down the road. What would you advise me to do at this point?
Answers
Bosworth et al. (2007) state that high quality strategic workforce planning can reduce staff wastage, as well as having other important benefits. Drawing on Mintzberg’s theory of strategic planning process, discuss the validity of this statement.
Answers
The statement that high-quality strategic workforce planning can reduce staff wastage and bring other important benefits is valid.
How does Mintzberg's theory of strategic planning process support the validity of this statement?According to Mintzberg, strategic planning should not be a rigid, top-down process but rather a flexible and dynamic approach that involves continuous learning and adaptation.
Strategic workforce planning when aligned with Mintzberg's theory, enables organizations to identify and anticipate their future staffing needs, align workforce capabilities with organizational goals, and foster employee development and engagement.
By considering the evolving external and internal factors, strategic workforce planning can help organizations avoid unnecessary layoffs and ensure the right talent is available when needed.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
Answers
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
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A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600, The profit in market 2 is $450 and Demand is more elastic in market 2
(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q
Profit in market 1
P1 = $60, Q1 = 40, and MC = $20
So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600
(B) Profit in market 2
P2 = $35, Q2 = 30, and MC = $20
So, Profit in market 2 = (35-20)*30 = 15*30 = $450
(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.
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This question is not complete, Here I am attaching the complete question: also, attaching the diagram
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
(A) What is the profit of market 1?
(B) What is the profit of market 2?
(C) In which market is demand more elastic?
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Outline the process the raw ingredients for a single flavor of ice cream might undergo to get to a local grocery’s freezer case.
Answers
Answer:blending of the mix ingredients.
pasteurization.
homogenization.
aging the mix.
freezing.
packaging.
hardening.