To calculate the effective annual cost of trade credit, we need to determine the annualized cost of forgoing the discount and taking the full credit period.
The credit terms are 2/10, net 85. This means that the customer can take a 2% discount if they pay within 10 days, or they can pay the full amount within 85 days.
To calculate the effective annual cost, we need to consider the cost of forgoing the discount and taking the full credit period. The formula to calculate the effective annual cost of trade credit is:
Effective Annual Cost = [(1 + (Discount % / (1 - Discount %)))^(365 / Credit Period) - 1] * 100
In this case, the discount percentage is 2% (0.02), and the credit period is 85 days.
Plugging in the values into the formula, we get:
Effective Annual Cost = [(1 + (0.02 / (1 - 0.02)))^(365 / 85) - 1] * 100
Calculating this equation gives us the effective annual cost of trade credit.
Learn more about annual cost here:
https://brainly.com/question/15087238
#SPJ11
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
To learn more about economics market
https://brainly.com/question/27993595
#SPJ1
Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
Which of the following is true of executive orders 11246, 11375, and 11478?answer choicesThey require all educational institutions to take affirmative actions to compensate for historical discrimination against women, minorities, and handicapped individuals.They require labor unions to take affirmative actions to compensate for historical discrimination against women, minorities, and handicapped individualsThey require state governments to take affirmative actions to compensate for historical discrimination against women, minorities, and handicapped individuals.They require federal contractors to take affirmative actions to compensate for historical discrimination against women, minorities, and handicapped individuals
Executive orders 11246, 11375, and 11478 are significant orders issued by the United States government to promote equality and diversity in the workplace. These orders require federal contractors to take affirmative action to compensate for historical discrimination against women, minorities, and handicapped individuals.
Executive Order 11246, issued by President Lyndon Johnson in 1965, requires that federal contractors take affirmative action to ensure that all employees and applicants for employment are treated equally regardless of race, color, religion, sex, or national origin. The order also prevents any form of discrimination or segregation in the workplace. It also requires that federal contractors implement equal opportunity policies, including recruitment, hiring, training, and promotion practices.
Executive Order 11375, issued by President Richard Nixon in 1969, extends the protections of Executive Order 11246 to disabled veterans and disabled individuals. The order requires federal contractors to take affirmative steps to ensure that persons with disabilities are not excluded from employment opportunities.
Know more about Executive here
https://brainly.com/question/11422252#
#SPJ11
Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership
Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.
Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.
A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.
Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Which of the following is least likely to help you choose an academic major? A. your guidance counselor B. An intership C. An intrest invitory D. The measure your friend chooses
The following has the lowest likelihood of assisting you in selecting an academic major is your friend's choice of action. Therefore, choice (D) is the appropriate one.
The academic major to which a first-year student formally commits is called their major. An undergraduate degree is awarded to students who successfully complete all of the major-required courses. When referring to the academic field undertaken by a graduate student or postgraduate student in a master's or doctorate assisting program, the term major (also known as concentration, particularly at private colleges) is occasionally used administratively.
Completing a mix of mandatory and optional courses in the subject of choice is often necessary to declare a major. From program to program, a student's freedom to select courses varies.
Learn more about academic major , from :
brainly.com/question/32043148
#SPJ1
Answer:
D. The major your friend chooses
Explanation:
What is the acronym for the saudi arabia-led group that controls much of the world’s oil exports.
OPEC is the acronym for the Saudi Arabia-led group that controls much of the world’s oil exports.
At the Baghdad Conference from September 10–14, 1960, Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela established the Organization of the Petroleum Exporting Countries (OPEC), a permanent intergovernmental organization. OPEC is the group in charge of setting global petroleum market pricing, supply, and output. The organization was founded in 1960 and consists of 13 separate oil-producing businesses.
Saudi Arabia, which oversees nearly one-third of OPEC's total oil reserves, assumes a prominent position within the group. Other notable members include Iran, Iraq, Kuwait, and the United Arab Emirates, whose total reserves much outweigh Saudi Arabia's.
Learn to know more about oil import on
https://brainly.com/question/27869780
#SPJ4
I will play basketball. This is a _____ goal.
a) neither
b) broad
c) SMART
15 POINTS AND BRAINLIEST
Answer:
b
Explanation:
not timely or specific,
Answer: d
Explanation:
Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Which of these can be considered “online banking?”
I. A brick-and-mortar bank that allows its customers to transfer money online.
II. A bank that has only a few branches but has customers depositing money online.
III. A bank that does not exist as a real building, but only has an internet presence.
Answer:
D
Explanation:
l, ll, & lll
All the given statements are examples of online banking. Thus, all the given statements are correct statements.
What is online banking?Online banking, often known as internet banking, online banking, or home banking, is a type of electronic payment system that allows clients of banks and other financial institutions to carry out a variety of financial transactions via the website of the financial institution. In order to offer consumers access to banking services in addition to or in substitute for traditional branch banking, the online banking system will normally link to or be a component of the core banking system run by a bank.
Online banking provides greater convenience to some customers by reducing the need to visit a branch bank and the convenience of being able to conduct banking transactions even when branches are closed. It also significantly lowers operating costs for banks by decreasing their reliance on a branch network.
Learn more about online banking, here:
https://brainly.com/question/12980617
#SPJ6
How can businesses entice Face book users to interact with them on Face book?
Answer:
i mean they could bribe or like start selling stiff on there to get peoples attention
High tax rates tend to: _______
a. reduce the amount of money created by the government.
b. discourage entrepreneurship.
c. promote economic development.
d. make a nation's currency tradable
High tax rates tend to b. discourage entrepreneurship. By doing this, people will prefer to be employees rather than business owners. This is because the risk owned by the business owner becomes very large. So we have to protect it by giving lower taxes than an employee.
A tax is a legally required contribution to the state that is owing by a person or an organization; it is coercive in nature and is used to fund the state's needs for the greatest prosperity of its citizens. The regulatory functions include: Taxes can be used to curb inflation. Taxes can be used as a tool to encourage and increase export activities, such as a tax on export of goods. Taxes can provide protection for domestically produced goods, such as VAT.
#SPJ4
Which of the following best defines someone's capacity?
O Their prior record of paying bills and paying off debts
O Their ability to repay a loan
O Items attached to a loan that may be seized if they fail to repay
O Undocumented loans they received from friends and family members
Answer:
Their ability to repay a loan
Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
a paper explanation of benefits (eob) is sent to patients by payers after claims:_______
A paper explanation of benefits (EOB) is a document that is sent to patients by payers after claims have been submitted. The purpose of an EOB is to provide patients with information about how their claims were processed and what they can expect to pay.
The document typically includes details about the services that were provided, the amounts that were charged, and the amounts that were paid by the insurer.
Patients can use this information to better understand their healthcare costs and to ensure that they are being charged appropriately.
Additionally, an EOB may also include information about deductibles, copayments, and coinsurance. Overall, an EOB serves as an important tool for patients to monitor their healthcare expenses and to ensure that they are receiving the appropriate coverage from their insurance provider.
To know more about document refer here:
https://brainly.com/question/27396650#
#SPJ11
Tina works a cash register and has to hold her arm at a certain angle to scan her customers' items. What is the ergonomic hazard in this situation?
Select the best option.
Awkward posture
Incorrect tool usage
Relaxed arms and shoulders
Repetitive moveme
Answer:
repetitive movement
Explanation:
i actually had this question in my last period that's so fun hahha good luck
The ergonomic hazard in this situation given above is:
A. Awkward postureAccording to the given scenario, a cashier has to hold her hand in a certain manner in order to properly scan the items of the customers who came to make purchases at the store.
As a result of this, we can see that the ergonomic hazard which is described from the above scenario is that of an awkward posture which Tina, the cashier has to perform.
Therefore, the correct answer is option A
Read more here:
https://brainly.com/question/2795852
Palmona Company establishes a $310 petty cash fund on January 1. On January 8, the fund shows $205 in cash along with receipts for
the following expenditures: postage, $43; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $32. Palmona
uses the perpetual system in accounting for merchandise inventory.
1. Prepare the entry to establish the fund on January 1.
2. Prepare the entry to reimburse the fund on January 8 under two separate situations:
a. To reimburse the fund.
b. To reimburse the fund and increase it to $360. Hint. Make two entries.
The entry to establish the fund on January 1 is: Debit Petty Cash Fund 310, Credit Cash 310
How to prepare journal entry?1. Entry to establish the fund on January 1:
Debit Petty Cash Fund 310
Credit Cash 310
2a. Entry to reimburse the fund on January 8:
Debit Postage Expense 43
Debit Transportation-In Expense 14
Debit Delivery Expense 16
Debit Miscellaneous Expense 32
Credit Cash 105
2b.8-Jan
Debit Petty Cash $255
($360 - $105)
Credit Cash $255
(Being increment of petty cash recorded)
Therefore the entry is Debit Petty Cash Fund 310, Credit Cash 310.
Learn more about journal entry here:https://brainly.com/question/14279491
#SPJ1
Would your returns be higher if you invested with
(i) an interest rate of 5% compounded yearly or
(ii) a nominal interest rate of 4.9% compounded daily?
Your returns would be higher if you invested with an interest rate of 5% compounded yearly rather than a nominal interest rate of 4.9% compounded daily.
When comparing different interest rates, it is important to consider the compounding frequency. In this case, the interest rate of 5% compounded yearly means that the interest is added to the principal once per year. On the other hand, the nominal interest rate of 4.9% compounded daily means that interest is calculated and added to the principal every day.
Even though the nominal interest rate of 4.9% is slightly lower than the interest rate of 5%, the daily compounding can result in higher overall returns. Daily compounding allows the interest to compound more frequently, leading to a higher effective interest rate over time. However, in this case, the difference in the interest rates is small, and the annual compounding at 5% would still result in higher returns compared to the daily compounding at 4.9%. Therefore, investing with an interest rate of 5% compounded yearly would yield higher returns.
To learn more about interest rate : brainly.com/question/28272078
#SPJ11
debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?
Answer:
debt
Explanation:
In your discussion (from question 1), report to Pieter Boone the environment in which Pick n Pay operates, (Further research is encouraged).
Pick n Pay operates in the retail industry in South Africa, which is a dynamic and competitive market. The company faces various environmental factors, including economic conditions, consumer behavior, technological advancements, regulatory policies, and social trends. Conducting further research will provide a more comprehensive understanding of the specific environment in which Pick n Pay operates.
The environment in which Pick n Pay operates can be influenced by several factors. Firstly, economic conditions play a crucial role as they impact consumer spending power, inflation rates, and overall market growth. Changes in GDP, employment levels, and disposable income can significantly affect consumer behavior and purchasing decisions.
Consumer behavior and preferences are another important aspect. Factors such as shifting demographics, changing lifestyles, and increasing health-consciousness can influence the demand for certain products and services. Pick n Pay needs to stay updated on these trends to effectively cater to customer needs and stay competitive.
Technological advancements are rapidly transforming the retail industry. E-commerce, mobile applications, and digital platforms have reshaped the way consumers shop and interact with retailers. Pick n Pay needs to adapt to these technological changes to enhance the customer experience, streamline operations, and stay relevant in the market.
Regulatory policies and compliance requirements also impact Pick n Pay's operations. Government regulations related to labor, taxes, food safety, and environmental sustainability can impose additional costs and affect business practices.
Lastly, social trends and cultural factors shape consumer preferences and expectations. Growing awareness of sustainability, ethical sourcing, and social responsibility can influence consumer choices and impact Pick n Pay's reputation.
Conducting further research on the specific market dynamics, industry trends, and competitive landscape will provide a deeper understanding of the environment in which Pick n Pay operates. This knowledge will enable the company to make informed decisions, identify growth opportunities, and effectively respond to the ever-changing business landscape.
Learn more about retail industry here:
https://brainly.com/question/30846869
#SPJ11
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
For more details about productivity is measured, click here:
https://brainly.com/question/12693045
#SPJ2
Answer:
Goods produced and resources invested
Explanation:
PLEASE HELP IT DUE TODAY
What are stakeholders from Monopolistic competition, oligopoly, and monopoly?
Explanation:
Monopolistic competition
Monopolistic competition, many seller that differentiated products - products that differ slightly but sever similar purpose. By making consumer aware of product difference, seller exert some control over price.
Oligopoly
In an oligopoly, a few sellers supply sizable portion of products in the market. They exert some control over price, but because their products are similar, when one company lowers prices, the others follow .
Monopoly
In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be añ entire country. The single seller is able to control prices
Mark me as brilliant answer
Estimating is the process of forecasting or approximating the time and cost of completing project deliverables. Management will often derive estimates from analogy, group consensus, or mathematical relationships. Bottom-up estimates are typically performed by the people who are doing the work. Their estimates are based on estimates of elements found in the work breakdown structure.
Elaborate factors that will influencing the quality of estimates
5 marks
Propose the important guideline for a manager can follow to develop useful work package estimates.
5 marks
Discuss the feasibility and viability of the project to help in evaluating the sustainability and success of a project.
10 marks
Evaluating a project's feasibility and viability helps determine its sustainability and potential for success.
Assessing the feasibility of a project involves analyzing whether it is technically, economically, and operationally viable. This includes evaluating the availability of necessary resources, expertise, and technology.
Viability assessment examines the project's financial aspects, such as the potential return on investment, profitability, and long-term sustainability. By evaluating feasibility and viability, organizations can determine if a project aligns with their goals and resources, mitigating the risks of pursuing non-viable projects.
This evaluation helps stakeholders make informed decisions, allocate resources effectively, and increase the likelihood of project success by focusing on projects that are realistic, achievable, and sustainable in the long run.
To learn more about stakeholders
Click here brainly.com/question/30241824
#SPJ11
Which of the following statements about depreciation is/are correct?
a) Depreciation represents the amount of cash that the organization paid out this year to use its long-lived assets.
b) Depreciation expenses perfectly reflect the amount of long-lived assets that were used by an organization.
c) Depreciation represents the allocation of the cost of a capital asset over its life based on a specific method of accounting (straight line, accelerated, etc).
Depreciation represents the allocation of the cost of a capital asset over its life based on a specific method of accounting (straight line, accelerated, etc). Thus, option C is correct.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been consumed is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
The initial cost of ownership is greatly lowered since businesses do not have to fully account for them in the year the assets are bought. A company's profitability can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.
Learn more about depreciation here:
https://brainly.com/question/14736663
#SPJ4
If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
the balanced scorecard relies on four processes to bind short-term activities to long-term objectives. what are they?
The balanced scorecard relies on four processes to bind short-term activities to long-term objectives - Translating the vision, Communicating and linking, Business planning, Feedback and learning.
What is a balanced scorecard?A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance various internal business activities and the results they have on the outside world. Balanced scorecards are a widespread tool used by businesses in the United States, the United Kingdom, Japan, and Europe to measure and provide feedback to organisations. In order to provide quantitative results, data collecting is essential because managers and executives must acquire and analyse the data. The decision-making of company personnel for the future of their organisations can be improved with the help of this knowledge.
The balanced scorecard was initially developed by business leader and theorist Dr. David Norton and accounting professor Dr. Robert Kaplan. It was initially published in 1992 in the Harvard Business Review article "The Balanced Scorecard—Measures That Drive Performance."
The 4 activities are:
1. Translating the vision
2. Communicating and linking
3. Business planning
4. Feedback and learning
To know more about balanced scorecard visit:
brainly.com/question/25645358
#SPJ4
Who is your favorite Kardashian?
A) Kim Kardahian-West
B) Kris Jenner-Kardashian
C) Khloe Kardashian
D) Kourtney Kardashian
E) Kylie Jenner
F) Kendall Jenner
Answer:
G: None
Explanation:
have a good day :)
A, Kim Kardashian-West, she a qweennnnnn!
A new supermarket is being built. The country has required the owner to designate at least eight handicap parking spaces. The county installed a sign in front of each space to indicate that it is reserved for vehicles with a proper sticker. The sign also announces a $250 fine for violators.
The intention behind the sign is to announce to the community at large that there will be a stiff penalty to pay for violating the rule. The belief is that drivers who risk a small fine by parking illegally elsewhere, such as against the curb, will not risk the large fine for parking illegally in the handicap spaces. This point of view is known as ____________.
Answer: General deterrence
Explanation:
Based on the information given, the point of view is known as general deterrence.
General deterrence is the effect of a threat regarding legal punishment on everyone in the society or the public at large. The aim of general deterrence is to send a message to the public and this is done by making them fearful of the consequences when they commit a particular crime. In this case, the fine of $250 is to make the public fearful of violation of the rule.
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
licensing is a good option to enter a foreign market when:
Answer:
Licensing is a good option to enter a foreign market when: ... Two of its competitors together control 50 percent of the market. Whenever Brental raises or lowers the prices of its products, the other two companies quickly imitate its action.
Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
certificate of deposit
bond
401k
money market mutual fund
Answer:
certificate of deposit.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.
Answer: it is NOT certificate of deposit
Explanation:
Just used that on the test and it was wrong