In deciding on a legal form of organization, you should ask yourself how many employees will you hire.
What is an organization?An organization refers to an organized group of people with a particular purpose such as any business or government department.
When deciding on a legal form of organization, you should ask yourself all of the following questions except how many employees will you hire.
Therefore, C is the correct option.
Learn more about the organization here:
https://brainly.com/question/12825206
#SPJ1
OPSEC is a five-step process to identify, control and protect critical
information and analyze friendly actions and indicators that would allow
adversaries or potential adversaries to identify and exploit vulnerabilities.
True
False
Answer:
False
Explanation:
am not sure hope i helped
if known, in California which of the following must be disclosed on the real estate transfer disclosure statement
If known, only (option 1) Environmental hazards must be disclosed on the real estate Transfer Disclosure Statement.
The seller is required to disclose any known environmental hazards, including lead-based paint, asbestos, radon, formaldehyde, underground storage tanks, and contaminated soil or water. The seller must disclose any known environmental hazards, including lead-based paint, asbestos, radon, formaldehyde, underground storage tanks, and contaminated soil or water. This disclosure is required to protect buyers from potential health hazards and to ensure they are aware of any risks associated with the property. Environmental hazards must be disclosed on the real estate Transfer Disclosure Statement if known, because they can pose a serious risk to the health and safety of the property's occupants.
Learn more about statement here:
https://brainly.com/question/28403037
#SPJ1
The complete question is:
If known, which of the following must be disclosed on the real estate Transfer Disclosure Statement? 1. Health Problems 2. Environmental hazards 3. Phone issues 4. Network issues.
Rode Company estimates bad debt expense at 1% of credit sales. The company reported accounts receivable of $100,000 and a pre-adjustment credit balance in its allowance for uncollectible accounts account of $2,000 at the end of the current year. During the current year, Rode’s credit sales were $2,000,000. What is the amount of the company’s bad debt expense for the current year?
Answer:
$20,000
Explanation:
Calculation for the amount of the company’s bad debt expense for the current year
Using this formula
Bad debt expense = Credit Sales Amount × Estimated percentage uncollectible
Let plug in the formula
Bad debt expense = $2,000,000 × 1%
Bad debt expense =$20,000
Therefore the amount of the company’s bad debt expense for the current year will be $20,000
What might be required of a job candidate today that would not have been necessary 20 years ago?
A. a firm handshake
B. a self-guided video interview
C. a solid resume
D. relevant experience
20 years ago there was less technology available and candidates were not required to interview through a video, B. A self-guided video interview is required to get a job.
What is Interview?Interview is the screening process of a candidate to find out if he or she is suitable for the job or not. The candidate with the best skills, education and experience is selected and seated to the job.
Employee screening process includes tests and interview however due to technological advancements the interview is now turned virtual, most of the employers now required a self guided video interview.
Learn more about Interview at https://brainly.com/question/27094569
#SPJ1
importance of price elasticity of demand in business
Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his accoun
Aracel Engineering completed the following transactions in the month of June. Jenna Aracel, the owner, invested $200,000 cash, office equipment with a value of $7,400, and $75,000 of drafting equipment to launch the company. The company purchased land worth $52,000 for an office by paying $8,200 cash and signing a long-term note payable for $43,800. The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b. The company paid $4,000 cash for the premium on an 18-month insurance policy. The company completed and delivered a set of plans for a client and collected $8,600 cash. The company purchased $21,000 of additional drafting equipment by paying $11,700 cash and signing a long-term note payable for $9,300. The company completed $13,500 of engineering services for a client. This amount is to be received in 30 days. The company purchased $1,950 of additional office equipment on credit. The company completed engineering services for $24,000 on credit. The company received a bill for rent of equipment that was used on a recently completed job. The $1,481 rent cost must be paid within 30 days. The company collected $9,000 cash in partial payment from the client described in transaction g. The company paid $1,800 cash for wages to a drafting assistant. The company paid $1,950 cash to settle the account payable created in transaction h. The company paid $1,000 cash for minor maintenance of its drafting equipment. Jenna Aracel withdrew $10,710 cash from the company for personal use. The company paid $2,200 cash for wages to a drafting assistant. The company paid $2,900 cash for advertisements on the Web during June.
The preparation of the general journal entries for Aracel Engineering in June is as follows:
General Journal:Account Titles (Code) Debit CreditCash (101) $200,000
Office Equipment (163) $7,400
Drafting Equipment (164) $75,000
J. Aracel, Capital (301) $282,400
To record the owner's investment in the company.Land (172) $52,000
Cash (101) $8,200
Notes Payable (250) $43,800
To record the purchase of land.Building (170) $57,000
Cash (101) $57,000
To record the purchasing of the building for cash.Prepaid Insurance (108) $4,000
Cash (101) $4,000
To record prepayment for insurance.Cash (101) $8,600
Engineering Fees Earned (402) $8,600
To record engineering fees earned.Drafting Equipment (164) $21,000
Cash (101) $11,700
Notes Payable (250) $9,300
To record the purchase of drafting equipment.Accounts Receivable (106) $13,500
Engineering Fees Earned (402) $13,500
To record engineering services rendered on account.Office Equipment (163) $1,950
Accounts Payable (201) $1,950
To record the purchase of office equipment.Accounts Receivable (106) $24,000
Engineering Fees Earned (402) $24,000
To record engineering services rendered on account.Equipment Rental
Expense (602) $1,481
Accounts Payable (201) $1,481
To record the accrued rental expenses.Wages Expense (601) $1,800
Cash (101) $1,800
To record the payment of wages.Accounts Payable (201) $1,950
Cash (101) $1,950
To record payment on account.Repairs Expense (604) $1,000
Cash (101) $1,000
To record payment for minor equipment repairs.J. Aracel, Withdrawals (302) $10,710
Cash (101) $10,710
To record the withdrawal of cash by the owner.Wages Expense (601) $2,200
Cash (101) $2,200
To record the payment of wages.Advertising Expense (603) $2,900
Cash (101) $2,900
To record the payment for advertising expenses.Transaction Analysis:Cash (101) $200,000 Office Equipment (163) $7,400 Drafting Equipment (164) $75,000 J. Aracel, Capital (301) $282,400
Land (172) $52,000 Cash (101) $8,200 Notes Payable (250) $43,800
Building (170) $57,000 Cash (101) $57,000
Prepaid Insurance (108) $4,000 Cash (101) $4,000
Cash (101) $8,600 Engineering Fees Earned (402) $8,600
Drafting Equipment (164) $21,000 Cash (101) $11,700 Notes Payable (250) $9,300
Accounts Receivable (106) $13,500 Engineering Fees Earned (402) $13,500
Office Equipment (163) $1,950 Accounts Payable (201) $1,950
Accounts Receivable (106) $24,000 Engineering Fees Earned (402) $24,000
Equipment Rental Expense (602) $1,481 Accounts Payable (201) $1,481
Wages Expense (601) $1,800 Cash (101) $1,800
Accounts Payable (201) $1,950 Cash (101) $1,950
Repairs Expense (604) $1,000 Cash (101) $1,000
J. Aracel, Withdrawals (302) $10,710 Cash (101) $10,710
Wages Expense (601) $2,200 Cash (101) $2,200
Advertising Expense (603) $2,900 Cash (101) $2,900
Learn more about journalizing business transactions at https://brainly.com/question/17201601
Question Completion:Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); J. Aracel, Capital (301); J. Aracel, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
Discuss and Implement the Customer Value-Driven Marketing Strategy in current market of Pakistan. Apply each concept with 3 examples. (200 words )
subject marketing.
Answer:
haha and healthy
The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
For such more question on margin:
https://brainly.com/question/9797559
#SPJ8
PLC Ltd. found the following debts to be bad on the dates shown
The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.
What is PLC?In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.
PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.
Learn more about PLC
https://brainly.com/question/16602847
#SPJ1
$6 million contract. The contract calls for a payment of $1.2 million today, $1.5 million one year from now, $1.5 million two years from now, and $1.8 million three years from today. What is this contract really worth if Ramon can earn 10.5 percent on his money
Answer:
the present value is $5.12 million
Explanation:
The computation of the present value is shown below:
As we know that
Present value = Cash flows × Present value of discounting factor (rate% and duration)
= $1.2 million + $1.5 million ÷ 1.105 + $1.5 million ÷ 1.105^2 + $1.8 million ÷ 1.105^3
= $5.12 million
Hence, the present value is $5.12 million
We simply applied the above formula so that the correct value could come
And, the same is to be considered
what is the minimum wage for SA
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
Learn more about minimum wages here:
https://brainly.com/question/29128876
#SPJ1
Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
To know more about cost of capital, here
brainly.com/question/31368538
#SPJ1
Why is it important that money is portable and acceptable?
It is critical that money be movable and acceptable in order for trade to be viable. When money is not easily transportable, it becomes tough to trade.
What is money?Money is any commodity or verifiable record that is widely accepted in a given country or socioeconomic environment as payment for products and services and repayment of debts, such as taxes.
Furthermore, money is a commodity that is widely acknowledged as a vehicle of economic exchange. It is the means for expressing prices and values. It is the primary measure of wealth and circulates from person to person and country to country, promoting trade.
If a currency is not sufficiently portable, it will not be utilized by enough people to sustain an economy and will be swiftly replaced. While gold met many of the requirements for money, its limited mobility hampered its use and eventually led to its centralization in the hands of banks.
Learn more about money here:
https://brainly.com/question/24373500
#SPJ1
Lasso Corporation manufactures Part B89 in its internal processing division. Lasso produces units of Part B89 annually. The annual costs to produce Part B89 at the level of units include: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assuming Lasso can purchase units of the part from the Nadal Parts Company for each, and the facilities currently used to make the part could be rented out to another manufacturer for a year, what should Lasso do? A. Make the part and save per unit. B. Buy the part and save per unit. C. Make the part and save per unit. D. Buy the part and save per unit.
Answer:
Make the part and save $3.00 per unit.
Explanation:
The numbers are missing, so I looked for a similar question to fill in the blanks:
The annual costs to produce Part B89 at the level of 9,000 units include:
Direct materials $3.00 Direct labor $8.00 Variable manufacturing overhead $4.00 Fixed manufacturing overhead $3.00 (non-avoidable)Total cost $18.00All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assuming Lasso Corporation can purchase 9,000 units of the part from the Nadal Parts Company for $20.00 each, and the facilities currently used to make the part could be rented out to another manufacturer for $18,000 a year, what should Lasso Corporation do?
we need to determine how much we can save by buying from Nadal = all avoidable costs can be saved = $18 - $3 = $15 per unit
net cost to buy = $20 - ($18,000 / 9,000) = $20 - $2 = $18 per unit
since the purchase cost is higher than the production costs, Lasso Corporation should keep producing the product.
FILL IN THE BLANK when a job is brand new, and the main job duties have been determined, a(n)_______ job analysis would be required.
The answer is inductive job analysis, when a job is brand new, and the main job duties have been determined, an inductive job analysis would be required.
What exactly is a job?A collection of similar-functioning jobs that are all homogeneous in nature. A job consists of obligations, responsibilities, and tasks that are done by an employee for income. (1) Clearly stated and specific. (2) can be achieved, quantified, assessed, and rated.
What is the name of the job in short?English: from the Middle English personal name Joppe or Job (be) The name may have come from several different places, but it was undoubtedly a shortened version of Geoffrey (see Jeffrey ). Joppe was initially a pet form of Joffrey, an Old French side-form of Geoffrey.
To know more about Job visit:
https://brainly.com/question/17205577
#SPJ4
At December 31, 2019, Obermeyer Imports reported the following information on its balance sheet.
Accounts receivable $250,000
Less: Allowance for doubtful accounts 15,000
During 2019, the company had the following transactions related to receivables.
1. Sales on account $2,600,000
2. Sales returns and allowances 45,000
3. Collections of accounts receivable 2,250,000
4. Write-offs of accounts receivable deemed uncollectible 10,000
5. Recovery of bad debts previously written off as uncollectible 3,000
Instructions
(a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable.
(b) Enter the January 1, 2019, balances in Accounts Receivable and Allowance for Doubtful Accounts. Post the entries to the two accounts (use T-accounts), and determine the balances.
(c) Prepare the journal entry to record bad debt expense for 2019, assuming that an aging of accounts receivable indicates that estimated bad debts are $22,000.
Answer:
Obermeyer Imports
a) Journal Entries to record each transaction:
1. Debit Accounts Receivable $2,600,000
Credit Sales Revenue $2,600,000
To record the sale of goods on account.
2. Debit Sales Returns $45,000
Credit Accounts Receivable $45,000
To record the return of goods on account.
3. Debit Cash Account $2,250,000
Credit Accounts Receivable $2,250,000
To record collections from customers.
4. Debit Uncollectible Expenses $10,000
Credit Accounts Receivable $10,000
To record the write-off of accounts deemed uncollectible.
5. Debit Cash Account $3,000
Credit Uncollectible Expenses $3,000
To record the recovery of bad debts previously written off.
b) T-accounts:
Accounts Receivable
Accounts Titles Debit Credit
Beginning balances $250,000
Sales Revenue 2,600,000
Sales Returns 45,000
Cash Account 2,250,000
Uncollectible Expenses 10,000
Ending Balances 545,000
Total $2,850,000 $2,850,000
Allowance for doubtful accounts
Accounts Titles Debit Credit
Beginning balances $15,000
Uncollectible expense 7,000
Ending balances $22,000
c) Journal Entry
Debit Uncollectible Expense $7,000
Credit Allowance for doubtful accounts $7,000
To record the allowance for uncollectibles.
Explanation:
a) Data and Calculations:
Accounts receivable $250,000
Less: Allowance for doubtful accounts 15,000
b) The allowance for Doubtful Accounts will increase by $7,000 to $22,000. As a result, the Uncollectible Expense will be debited with $7,000 while the Allowance for doubtful accounts will be credited with $7,000. This brings the total of Allowance for Doubtful Accounts to $22,000 in accordance with the new estimate based on the aging of accounts receivable.
The journal entries to record each of the transactions will be:
Debit Accounts Receivable $2,600,000
Credit Sales Revenue $2,600,000
(To record the sale of goods on account)
Debit Sales Returns $45,000
Credit Accounts Receivable $45,000
(To record the return of goods on account).
Debit Cash Account $2,250,000
Credit Accounts Receivable $2,250,000
(To record collections from customers)
Debit Uncollectible Expenses $10,000
Credit Accounts Receivable $10,000
(To record the write-off of accounts deemed uncollectible).
Debit Cash Account $3,000
Credit Uncollectible Expenses $3,000
(To record the recovery of bad debts previously written off)
The balances in accounts receivable and allowance for doubtful accounts will be calculated thus:
Debit Beginning balance $250000.
Debit sales revenue $2,600,000.
Credit Sales return $45000
Credit Cash account $2250000
Credit Uncollectible expenses $10000
Credit ending balances $545000
Lastly, the journal entry to record bad debt expense for 2019 will be:
Debit Uncollectible expense $7000.
Credit Allowance for doubtful accounts $7000.
Learn more about journal entries on;
https://brainly.com/question/14279491
Which of the following actions is a good example
of protecting sensitive information? Check all of
the boxes that apply.
using a paper shredder to discard documents
that contain personal medical information
keeping patient files in a secure electronic file
system with limited access
maintaining a confidential patient consultation
area in a doctor's office
discussing private matters with patients in the
waiting room
Answer:
A,B,C
Explanation:
Answer:
“Using a paper shredder to discard documents that contain personal medical information”, “Keeping patient files in a secure electronic file system with limited access” and “Maintaining a confidential patient consultation area in a doctor’s office”
Explanation:
since noah is worried about completing his research project on time, the most helpful thing he could do is to choose a topic that
a. is broad
b. he has no interest in
c. is easy to research
d. he knows very little about
Answer:
c
Explanation:
They since Noah is worried about completing his research project on time, the most helpful thing he could do is to choose a topic that is easy to research. Thus, option (c) is correct.
What is research?The term “research” refers to generating and creating new ideas with the help of previous studies and phenomena. Using primary valid sources that have already been published on a subject that is related For example, journals, articles, population data, and historical events are based.
According to the case, Noah is worried about completing his research project. It was the necessary to decide the appropriate significance topic related to the research interested. The topic was the known to the easy to the search a matter and the completing her project.
As a result, the significance of the research are the aforementioned. Therefore, option (c) is correct.
Learn more about on research, here:
https://brainly.com/question/18723483
#SPJ6
On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
To learn more about quarters please click on below link
https://brainly.com/question/391885
#SPJ4
The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
For more such questions on strategy, click on:
https://brainly.com/question/28561700
#SPJ8
The national average interest rate for Savings Account is 0.13%. Calculate the time it will take to you double your money based up on the following scenarios: ● You’re getting a 0.05% interest rate and currently have $1,000 in your account. ● You’re getting 0.49% interest rate and currently have $40,000 in your account. ● You’re getting 0.8% interest rate and currently have $500 in your account.
Answer:
1) 1387 Years
2) 142 Years
3) 87 Years
Explanation:
Zipcar’s goal is to have an available zipcar located within 10–15 minutes of its members. This is an example of what component of the marketing mix?
Answer:
The marketing mix element is Place
Explanation:
The place, as element of the marketing mix, consists of the location where the product or service is supplied by the firm, and bought by the customer.
In this case, the firm, Zipcar, has a clear goal for the element place of the marketing mix: to have a zipcar location available within 10-15 minutes of its members. This strategy is clearly important for the firm because it would require a significant number of locations, or "places", meaning that the place is probably one of the most crucial aspects of the firm's marketing strategy.
PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
Many managers view the purpose of service business as making a profit, whereas some view the purpose as being able to create and maintain a customer. Explain how these alternative viewpoints could affect a company’s interactions with its customers. Use examples to illustrate your answer. If a manager views the purpose as being able to create and maintain a customer, does this mean that the manager is not concerned with profits?
The main function of a service business is the delivery of value to the customer.
A service business is made up of experts who help in the delivery of a particular work. Examples of service businesses include food service, transportation, retail, distribution etc.It should be noted that every business wants to make a profit. Profit is important in order to grow the business. Despite the profit making motive of businesses, some businesses are more concerned with how to retain their customers.In conclusion, it should be noted that the retaining of customers are vital in brand loyalty and the growth of the business.
Read related link on:
https://brainly.com/question/17478395
Which were public speaking tips Jennifer provided in the training?
Question 3 options:
Never look a person in the eye
engage the audience
speak quietly
make cultural slurs
Answer:
Never look a person in the eye.
Public speaking techniques Jennifer provided in the training, Never look a person in the eye. Thus, option first is correct.
What is public speaking?Public speaking, also called oratory or oration, has traditionally meant the act of speaking in the face of a live audience. Today it includes any form of speaking to an audience, including pre-recorded speech delivered over great distance by means of technology.
The other most significant sort of oratory is silently comprehending the methods and means of the few. Public speaking can be readily accomplished via varied knowledge and variety in which the speaker speaks honestly in front of the crowd and also captivating the audience so that they may feel engaged and tend to join the dialogues.
Nowadays, public speaking may take any shape that is done in schools and colleges for dissertations presentation and also the comprehension of a variety of techniques to make the concept of the work understood. Hence, options first is correct.
Learn more about Public Speaking here:
brainly.com/question/10454613
#SPJ2
a pregnant employee who violated several attendance rules due to her physical conditions. She is about to get fire by hr manager of the company.discuss what business ethics issues present on this situation. what can be done?
Answer:
answer is no
Explanation:
You cannot be fired for being pregnant under most circumstances.employers from terminating employees due to pregnancy and pregnancy-related conditions
On April 20, 2010, an oil rig in the Gulf of Mexico experienced a blowout. As a direct result of the blowout, more than 200 million gallons of crude oil were pumped into the Gulf of Mexico for a total of 87 days, making it the biggest oil spill in U.S. history. The following are some of the results directly attributed to the oil spill. Choose the appropriate societal impact from the dropdown list provided.
a. The initial oil rig explosion killed 11 people and injured 17 others.
b. Of the 400 miles of Louisiana coast, approximately 125 miles were polluted by the oil spill.
c. 170 US Coast Guard vessels, 7,500 employees, and 2,000 volunteers were engaged in grassroots cleanup activities.
d. 4,768 dead animals were collected as of August 2013. 4,080 of those were birds and 525 were sea turtles.
e. The fishing industry in the gulf lost $2.5 billion.
f. The gulf coast tourist industry lost approximately $23 billion in revenue.
g. 108 individuals working on the cleanup efforts reported symptoms including dizziness, vomiting, nausea, headaches, and chest pains, according to the Louisiana Department of Health.
h. Investors saw the value of their stock in the affected company drop by 54% in the three months following the oil spill.
Choosing the appropriate societal impact from the dropdown list for some of the results attributed to the Gulf of Mexico Oil Spill is as follows:
Results Societal Impacta) 11 people killed and injured 17 others. Health and Safety risks
b) 125 miles were polluted Environmental Damage
c) 170 US Coast Guard vessels,
7,500 employees, and 2,000 volunteers Social Disruption
d) 4,768 dead animals Environmental Damage
e) The fishing industry Social Disruption
f) The gulf coast tourist industry Social Disruption
g) 108 workers reported symptoms Health and Safety risks
h) Investors saw the value of their stock Social Disruption
What are the societal impacts of the Deepwater Horizon Spill?On April 20, 2010, the Gulf of Mexico Oil Spill was the largest marine oil spill.
Some of the societal impacts included:
Environmental DamageSocial DisruptionHealth and Safety risks.Thus, the Deepwater Horizon Spill recorded many socio-economic impacts as enumerated above.
Learn more about the Deepwater Horizon Spill at https://brainly.com/question/14871907
#SPJ1
Suppose you pay $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it. This means that:
A.)You would be better off if you were more self-reliant in the movie market.
B.)George Clooney receives a producer surplus of $40 million.
C.)You receive a consumer surplus of $14.
D.)You and George Clooney benefit from this transaction.
It can be depicted that you and George Clooney benefit from this transaction since utility is derived.
What is utility?Utility refers to the usefulness or enjoyment that a consumer can get from a good or service.
In this case, if one pays $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it, the p[erson and George Clooney benefit from this transaction.
Learn more about utility on:
https://brainly.com/question/24922430
Nihon Company had the following transactions involving notes payable.
July 1, 2017 Borrows $50,000 from First National Bank by signing a 6-month, 12% note.
Dec. 31, 2017 Prepares adjusting entries.
Apr. 1, 2018 Pays principal and interest to First National Bank.
Prepare journal entries for each of the transactions.
The preparation of the journal entries for each of the transactions for Nihon Company is as follows:
Journal Entries:July 1, 2017 Debit Cash $50,000
Credit Note Payable (First National Bank) $50,000
To record the receipt of loan on note payable at 12% for 6-months.Dec. 31, 2017 Debit Interest Expense $3,000
Credit Interest Payable (First National Bank) $3,000
To accrue interest expense.Apr. 1, 2018 Debit Interest Expense $1,500
Credit Interest Payable (First National Bank) $1,500
To accrue interest expense.Debit Note Payable (First National Bank) $50,000
Debit Interest Payable (First National Bank) $4,500
Credit Cash $54,500
To record the payment of note payable and interest.Transaction Analysis:July 1, 2017 Cash $50,000 Note Payable (First National Bank) $50,000
a 6-month, 12% note.
Dec. 31, 2017 Interest Expense $3,000 Interest Payable (First National Bank) $3,000
Apr. 1, 2018 Interest Expense $1,500 Interest Payable (First National Bank) $1,500
Note Payable (First National Bank) $50,000 Interest Payable (First National Bank) $4,500Cash $54,500
Learn more about preparing journal entries at https://brainly.com/question/17201601
#SPJ1