Answer:
A. $4
Explanation:
The computation of amount of depletion per ton is shown below:-
Depletion per ton = (Acquisition cost of land + Estimated restoration costs- Salvage value) ÷ Tons of recoverable reserves
= ($7,500,000 + $1,500,000 - $1,000,000) ÷ 2,000,000 tons
= (9,000,000 - $1,000,000) ÷ 2,000,000 tons
= $8,000,000 ÷ 2,000,000 tons
= $4
Therefore for computing the depletion per ton we simply applied the above formula.
merchandise inventory was destroyed by fire on october 11.
jan-1-merchandise inventory birr_260000
jan1_oct-11,purchase birr 1900000
sales(net)birr 3200000
estimated gross profit rate 40percent
A.estimate the cost of the merchandise destroyed
B.briefly describe the situation
A) The cost of merchandise destroyed by fire should be determined as $240,000.
B) The amount of merchandise destroyed by fire can be computed by deducting the cost of merchandise sold from the amount of merchandise available for sale.
What is the merchandise?Merchandise refers to the goods produced by a company and then sale them in the consumer market or their distributors.
Given values:
Beginning inventory: 260,000
Inventory purchases: 1,900,000
Net sales: 3,200,000
Gross profit ratio: 40%
Step-1 Computation of merchandise available for sale:
\(\rm\ Total \rm\ Merchandise \rm\ sold=\rm\ Beginning \rm\ Inventory + \rm\ Inventory \rm\ Purchases\\\rm\ Total \rm\ Merchandise \rm\ sold=260,000 + 1,900,000\\\rm\ Total \rm\ Merchandise \rm\ sold=2,160,000\)
Step-2 Computation of gross profit:
\(\rm\ Gross \rm\ profit=\rm\ Net \rm\ sales \times \rm\ Gross \rm\ profit \rm\ ratio\\\rm\ Gross \rm\ profit=3,200,000 \times\ 40\%\\\rm\ Gross \rm\ profit=1,280,000\)
Step-3 Computation of cost of sold merchandise:
\(\rm\ Cost \rm\ of \rm\ sold \rm\ merchandise = \rm\ Net \rm\ sales-\rm\ Gross \rm\ profit\\\rm\ Cost \rm\ of \rm\ sold \rm\ merchandise=3,200,000-1,280,000\\\rm\ Cost \rm\ of \rm\ sold \rm\ merchandise=1,920,000\)
Step-4 Computation of merchandise destroyed by fire:
\(\rm\ Merchandise \rm\ destroyed \rm\ by \rm\ fire=\rm\ Total \rm\ merchandise \rm\ sold-\rm\ Cost \rm\ of \rm\ merchandise \rm\ sold\\\rm\ Merchandise \rm\ destroyed \rm\ by \rm\ fire=2,160,000-1,920,000\\\rm\ Merchandise \rm\ destroyed \rm\ by \rm\ fire=240,000\)
Therefore, the amount of merchandise destroyed by fire comes out to be 240,000.
Learn more about the merchandise in the related link:
https://brainly.com/question/17201577
#SPJ1
What can be protected by a patent?
A. The right to have exclusive use of real property
B. The right to use a specific and unique creative production
C. The night to use unique and innovative ideas
D. The right to use any type of intellectual property
Answer:
C.
Explanation:
You can patent an Idea so that no one else can use it.
Hope this helps :)
A shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. On plotting these points he assumes that a quadratic function may fit to the data. Determine (i) the quadratic function that fits to the data (ii) Using the model, find the earning for the fourth week
I The quadratic function that fits to the data is: y = 20x² - 40x + 160
ii The shopkeeper is expected to earn Rs. 720 in the fourth week.
How to calculate the valuei We are given that the shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. So, we have the following three equations:
280 = a(1)² + b(1) + c
560 = a(2)² + b(2) + c
760 = a(3)² + b(3) + c
Solving these equations, we get the following values for a, b and c:
a = 20
b = -40
c = 160
Therefore, the quadratic function that fits to the data is: y = 20x² - 40x + 160
(ii) Using the model, find the earning for the fourth week
The fourth week is represented by x=4. So, the earning for the fourth week is given by:
y = 20(4)² - 40(4) + 160 = Rs. 720
Therefore, the shopkeeper is expected to earn Rs. 720 in the fourth week.
Learn more about functions
https://brainly.com/question/11624077
#SPJ1
Many restaurants and food companies, such as Frito-Lay have made many of their products free of trans fat by changing cooking methods and oils used. Is it the responsibility of commercial industries to alter their product to keep us healthier or should we be more alert as consumers
Explanation:
It is essential that consumers are aware when choosing the companies they will consume, in relation to the food industries, it is necessary to be aware of how the food is prepared and if the ingredients will be good for our health.
In this case, the responsibility lies with the consumer, but companies follow consumer trends and consumer preferences, so it can be said that Frito-Lay has made its products healthier due to a new behavior by consumers, who are more willing to consume healthy products that generate health and well-being, then the company adapted to the market to remain competitive and profitable.
At the end of its annual accounting period, the company must make three adjusting entries.
a. Accrue salaries expense.
b. Adjust the Unearned Revenue account to recognize earned services revenue.
c. Record services revenue earned for which cash will be received the following period.
For each of these adjusting entries, indicate the account to be debited and the account to be credited.
a. Debit
a. Credit
b. Debit
b. Credit
c. Debit
c. Credit
There are four different sorts of accounts that require adjusting. They are deferred revenues and expenses as well as accumulated revenues and expenses. Money earned during one accounting period but not received until another is referred to as accrued revenue.
What is accounting?Accounting is the activity of keeping records of a company's financial transactions. Journal entries are how the accountants condense the transactions. In bookkeeping, these entries are utilized.
According to the rules set forth by the auditors and other governing agencies, the accountants create the books of accounts. The accountants may adhere to IFRS (International Financial Reporting Standards) or generally accepted accounting principles (GAAP)
An analyst can gain a good picture of the company's financial status by reading the book of accounts. Therefore, the book of accounts is required to determine the firm valuation for publicly traded corporations.
The financial statements of a big company provide an overview of its operations, financial situation, and cash flows during a specific time period.
Learn more about accounting, here
https://brainly.com/question/22917325
#SPJ1
both pat and terry believe that social and economic equality can be obtained only by establishing an economic system in which the government owns and controls all types of economic activity. which of the following statements proves that pat is a communist and terry is a socialist?
Capacity planning involving acquisition or disposal of fixed assets such as buildings, equipment or facilities is considered as long-range planning horizon.
What is long range planning horizon?Capacity planning involving the acquisition or disposal of fixed assets such as buildings, equipment, or facilities is considered long-range planning as these assets have a long lifespan and a significant impact on the company's operations.
Long-range planning horizon typically covers a period of more than one year. Short-range planning, on the other hand, covers a period of less than a year and focuses on immediate decisions, while intermediate-range planning covers a period of one to three years. Current and upcoming are not commonly used terms in capacity planning.
To know more about long-range planning horizon, visit:
brainly.com/question/1933524
#SPJ4
The complete question is:
Capacity planning involving acquisition or disposal of fixed assets such as buildings, equipment or facilities is considered as which one of the following planning horizons?
a) Intermediate-range
b) Long-range
c) Short-range
d) Current
e) Upcoming
PLEASE HELP!!!!!!
Type the correct answer in the box.
Spell all words correctly.
George has to present the goals of information management to his team member. What is a goal of information management?
The goal of information management is to identify information requirements for various
levels.
The goal of information leadership is to identify the information needs of various management levels.
The appropriate and optimised capture, storage, retrieval, and use of information is referred to as information management (IM). It could be personal or organisational information management. IM for organisations refers to a cycle of organisational activity that includes the acquisition of data from one or more sources, the custodianship and distribution of that information to those who require it, and its eventual disposal via archiving or deletion.
This information organisation cycle involves a number of stakeholders, including those responsible for ensuring the quality, accessibility, and utility of acquired information; those responsible for its safe storage and disposal; and those who require it for decision making.
Learn more about information, here:
https://brainly.com/question/14694336
#SPJ1
List the main characteristics of money market securities
Answer:
Money market securities are typically debt instruments with a face value of $100,000 or more. These securities include federal and municipal bonds, certificates of deposit from financial institutions, and commercial paper, a kind of unsecured IOU, from large corporations.
Answer: Safety
Liquidity
Types
Discounts
Explanation:
f I caught an employee stealing supplies worth any amount, I would report it to management. Not only is stealing morally wrong, but it's important to be able to trust the people you work with. An employee stealing is a sign of that person not being trust-worthy, and if I did not report it then not only would I be somewhat responsible, but also privy to whatever consequences come about when or if that person were to get caught and reprimanded.
I think there's a difference between a person intentionally stealing supplies versus accidentally taking something home with them. That being said, I don't think it would be worth the cost of training if the training were specifically geared toward low-cost theft. There are numerous trainings out there that cover theft, and they mention the low-cost items in them as well. This type of training would be more beneficial than a training specifically geared toward low-cost theft.
You answered your own quistion =-)
the concept of limited liability posits that
Answer:
see below
Explanation:
Limited liability is a feature of a corporation, limited liability company, and some partnerships. The feature protects shareholder's and member's assets from being used to settle business debts. The limited liability feature gives investors the confidence to invest in a business.
The limited liability feature affirms that the amount of their share contribution limits the liability of a shareholder. Should a business fail to meet its debts obligations, shareholders' assets can not be used to settle the debt. The limited liability feature validates that the company and its owners are separate and distinct entities.
Which of these is not an example of good practice when differentiating phonological awareness instruction?
a.
Increasing the intensity of instruction by teaching in smaller group sizes.
b.
Expecting all children to be able to produce rhyming words at the same time of the year.
c.
Increasing the intensity of instruction by giving individual children more opportunities to respond.
d.
Supporting children's understanding of an activity by using visual supports.
The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.
What is good practice?Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.
Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.
Therefore the correct option is b.
Learn more about good practice here:https://brainly.com/question/14667914
#SPJ1
Geralds manufacturing firm sold goods worth $6000 to some customers on credit in the month of January. His customers plan to pay him the entire amount at once in March. Gerald plans to record and recognize this income in the business’s accounts in March. Which accounting method does Geralds business follow?
His business follows the (________) method of accounting.
Answer:
Cash accounting method
Explanation:
The cash accounting method records receipts and expenses during the period in which cash changes hands. In this method, revenue will be recorded when payment from a customer is received. Expenses are not recorded unless money is paid out. In short, revenues and expenses are recognized and recorded only when cash is received or paid.
Cash accounting contrasts with the accrual accounting system, which recognizes revenues and expenses when their respective events occur.
What is knowledge of your own thought process and strategies?
Answer:
Flavell said that metacognition is the knowledge you have of your own cognitive processes (your thinking). Flavell (1979). It is your ability to control your thinking processes through various strategies, such as organizing, monitoring, and adapting.
I don't know if that was the answer you were looking for.. but that's the best that I could do.
Suppose that Rajiv, an economist from a research institute in Texas, and Simone, an economist from a public television program, are arguing over government bailouts. The following dialogue shows an excerpt from their debate:
Simone: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.
Rajiv: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.
Simone: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.
The disagreement between these economists is most likely due todifferences in scientific judgments .
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
Business managers can raise profit more easily by reducing costs than by raising revenue.
Employers should not be restricted from outsourcing work to foreign nations.
Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Employers should not be restricted from outsourcing work to foreign nations.
The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
What do you mean by outsourcing?Outsourcing is known to be a kind of an agreement where a single firm tends to hires another firm to be solely responsible for a given planned or existing activity.
Note that Outsourcing is seen as the a business practice where a firm hires a third-party to carry out functions and as such, Employers should not be restricted from outsourcing work to foreign nations. The proposition are two economists chosen at random most likely to agree: Employers should not be restricted from outsourcing work to foreign nations.
Learn more about outsourcing from
https://brainly.com/question/4456416
#SPJ1
Differentiate between manufacturer and Cunsumer
Answer:
Explanation:
Industrial goods are bought and used for industrial and business use. They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. Consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food.
How does a business survive and maintain a profit?
Answer:
Make sure you don't copy and paste. Have a good day!!!
Explanation:
1. Customers
Find and keep your own customers – you have to be able to solve their real problems & sell yourself effectively.
Too many businesses rely on ‘being in the supply chain’, have too few major customers and do not invest personal time and effort in developing and maintaining customer relations – remember, ‘people buy people’.
Check their credit rating and monitor their speed of payment.
You have not made a sale until they’ve paid the bill. Some customers have bad habits over slow payment; some are big enough to know better. Some will go under before they pay – avoid them.
2. Risks
Assess risks & their potential impact – e.g. customer or supplier closure
Develop contingency plans to mitigate risks
We live in a risky business environment. Don’t assume everything will be OK – look at the potential risks, pitfalls and liabilities for your business and at how you can reduce the biggest risks or anticipate how you will respond if the worst happens.
3. Opportunities
Look for ways to create new value – e.g. new pricing, products & offers to stimulate demand
It often takes longer and costs more than you think to innovate or do anything new.
Use the technology – social media, tablet computing and smartphones are constantly changing the ways we can do business
There are always new opportunities and growing confidence in the economy accelerates these. Many of the most attractive are not in the UK but are international.
Innovation and new approaches can open up promising opportunities but experience tells us that when doing anything new often costs more and takes longer to implement than you first expect, so be prepared to increase your investment of time and money for those new ideas. That means doing your research to find out just how attractive an opportunity it is in the first place.
4. Money in – manage cash and break even
Forecast and monitor your cash flow very closely
Aim to maintain/increase profit margins rather than just increasing sales turnover (bottom line not top line)
Monitor breakeven on the business, customers, products, staff.
Beware of ‘buying’ work at cut-throat margins. Profitable businesses can fail because they run out of money, often suffering from slow payment and lack of credit. Aim to be cash-positive and you will sleep better at night. Break-even is the point at which the business, a person or a contract starts making a profit and is always an important measure.
5. Money out – manage costs and debt
Keep your fixed costs down: avoid costs which are not essential.
Aim to grow sales on a variable cost basis – borrow, rent or lease assets but don’t buy things or hire people you don’t need.
Keep in contact with creditors & lenders to avoid nasty surprises.
Businesses can be wasteful; you don’t need to be. Invest your money only in assets and projects which will provide a strong return. The worst time to ask a lender for more money is when you really need it. Up to date management accounts are essential and you must read them to monitor the health of the business.
6. People
Optimism – positive, realistic leadership with open communications
Set & monitor clear & realistic targets – sales, costs, project completion, debt etc.
Move unproductive people & customers out of the business.
At the end of the day it’s all about how you manage relationships with people. You can tell a lot about a business from the quality of interactions between its managers, employees, customers and suppliers.
Answer:
Explanation:
No business can survive for a significant amount of time without making a profit, though measuring a company's profitability, both current and future. Without sufficient capital or the financial resources used to sustain and run a company, business failure is imminent.
Bus101 Chapter 5-6 critical thinking questions
Critical thinking questions:
What characteristics made Vic Ahmed a successful entrepreneur?
How did Ahmed and Steven Case’s partnership and shared vision of “Rise of the Rest” serve their business goals?
Is focusing on smaller cities rather than areas like silicon valley a good strategy, why?
The process of actively and successfully conceiving, applying, analyzing, synthesizing, and/or evaluating knowledge as a basis for belief and action is known as critical thinking. It requires intellectual discipline.
Any topic, piece of content, or issue can be thought about using the critical thinking method, which involves expertly analyzing, evaluating, and reconstructing one's own ideas. Self-directed, self-disciplined, self-monitored, and self-corrective thinking are all characteristics of critical thinking.
Learn more about critical thinking here:
https://brainly.com/question/12980631
#SPJ9
How can problem solving skills assist a grade 12 leaver in the world of work
Answer:
what is a warm front occlusion
in economic terms, how would gina state what has happened when her neighbor says she is unwilling to help her mow her lawn because gina is unwilling
Answer:
c The double coincidence of wants was not satisfied.
Explanation:
As in the given question, it is mentioned that Gina is not willing to help to teach his kids so that the kids could able to learn British accent so in this case the kids are unwilling to help her to mow her lawn that represents there is an absence of double coincidence. Also she does not have flat money
So in this case no economic activity existed due to the absence of double coincidence
hence, the correct option is C.
1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
Distribute ____________ (quantity of promotional effort) by ________ (medium)
At a total cost of $__________
Acquire ______ new customers as a result
Divide the money spent by the number of new customers: $______ divided by _____ = $______
By using this media message to reach this target market, the cost to acquire 1 new customer is: $_______
To get _____ (goal) customers the budget would be: ____ (number of customers) x $_______ (cost per customer) = $______________
The correct blanks for 1, 2, 3, 4, 5 and 6 are X quantity and Y medium, $Z, a new, $Z divided by A = $C, $C and B x $C = $D respectively.
Businesses often use marketing plans to set goals and budgets for their marketing initiatives, as well as to monitor success and return on their marketing investments. To deliver their desired results, it helps organizations make data-driven decisions about how to deploy their resources and which marketing channels to prioritize.
Fill in the blanks :
Distribute X quantity of promotional effort by Y mediumAt a total cost of $ZAcquire A new customers as a resultDivide the money spent by the number of new customers: $Z divided by A = $CBy using this media message to reach this target market, the cost to acquire 1 new customer is: $CTo get B goal customers the budget would be: B x $C = $DLearn more about Marketing plans, here:
https://brainly.com/question/31331934
#SPJ1
RST Company produces a product that has a selling price of $10 per unit and variable cost of $6 per unit. The company's fixed costs are $30,000. If the company sells 15,000 units, the degree of operating leverage is
The e degree of operating leverage of RST Company given its price, costs and quantiy sold is 2.
What is the degree of operating leverage?The degree of operating leverage (DOL) measures the sensitivity of a company's operating income to changes in the demand.
DOL = [Q(P - V) ] /[ Q(P - V) - F]
Q = quantityP = priceV = variable cost F = fixed cost[15000(10 - 6)] / [15000(10 - 6) - $30,000]
60,000 / 30,000 = 2
To learn more about the degree of operating leverage, please check: https://brainly.com/question/23684386
An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish. It is planning to implement an incentive plan that helps employees understand the organization's goals. Which plan should be used by this organization?
Answer:
This question is incomplete, the options are missing. The options are the following:
a) A retention bonus
b) A piecework rate system
c) A merit pay system
d) The Scanlon plan
e) A balanced scorecard
And the correct answer is the option E: A balanced scorecard.
Explanation:
To begin with, the term known as "Balanced Scorecard" it is a very famous strategy method used in the fields of management and business in order to achieve higher levels of administration from the managers and owners. It is a technique that involves the company's short and long term goals and the way to plan how to incentive the employees of the company in order for them to grow and understand better the plans of the organization so that they could work better and increase the productivity that will consequently affect in the benefits of the enterprise as a whole.
Which of the following items apply to monopolistic competition (choose 3)?
no barriers to entering the market
firms are price searchers
firms are price takers
firms are price setters
high barriers to entering the market
some barriers to entering the market
differentiated products
Items that apply to monopolistic competition are Firms' price searchers, Differentiated products, and Some barriers to entering the market.
The three items that apply to monopolistic competition are:
1. Firms are price searchers: In monopolistic competition, firms have some degree of control over the price of their products. They engage in price search behavior by analyzing market conditions, customer preferences, and competitors' pricing strategies to determine their own prices. They aim to differentiate their products and attract customers based on unique features, branding, or quality.
2. Differentiated products: Monopolistic competition is characterized by firms offering products that are differentiated in some way. Each firm seeks to distinguish its products from those of its competitors through features, design, branding, or other aspects. This product differentiation allows firms to create a perceived uniqueness in the market and potentially charge higher prices.
3. Some barriers to entering the market: While monopolistic competition does not have significant barriers to entry like pure monopoly or oligopoly, there can still be some barriers. These barriers can include factors such as the need for initial capital, economies of scale, brand loyalty, and intellectual property rights. These barriers, though not insurmountable, create some level of difficulty for new firms to enter the market and establish themselves.
The following options are not applicable to monopolistic competition:
- Firms are price takers: Price takers are typically found in perfectly competitive markets, where individual firms have no control over the price and must accept the prevailing market price as given.
- Firms are price setters: Price setting is characteristic of monopoly markets, where a single firm has substantial market power and can determine the price of its products without significant competition.
- No barriers to entering the market: Monopolistic competition does have some barriers to entry, as mentioned earlier, though they may not be as significant as in other market structures.
Know more about the monopolistic here:
https://brainly.com/question/33443795
#SPJ8
Determine the amounts American Eagle reports for net cash flows from operating activities, investing activities, and financing activities in its statement of cash flows for the most recent year. What are total cash flows for the year f
Answer:
According to the most recent report:
Net cash flows from operating activities: amounted to 415.4 million during 2019 fiscal year, $456.6 million for 2018 fiscal year.Net cash flows from investing activities: $210.4 million in capital expenditure for 2019 fiscal year, compared to 189.0 million in capital expendtires for 2018 fiscal year. Net cash flows from financing activites: $1112.4 million in purchases of common stock, $92.8 million in dividend payments, and $8.1 million in repurchases of common stock.
Linden, Inc. uses a 6,900 square foot factory space that it rents for $3,500 a month for all its manufacturing activities. Linden has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 3,100 square feet of the factory are used for machining, while 1,400 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 1,000 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool
Answer: $710.14
Explanation:
Out of the total space of 6,900 square foot, Preparation and Setup uses 1,400 out of this.
Rent is $3,500
The total rent to be apportioned to it will therefore be;
= 1,400/6,900 * 3,500
= $710.14
1. Describe the three-step writing process.
2. List four techniques you can use to improve the readability of your messages.
1. The three-step writing process can be defined as:
Pre-writingDraftingFinal reviewIn pre-writing, the objective is to prepare for your writing, through research and information gathering. In the drafting phase you will build your text in a structured way and in the review phase you will carry out an analytical reading and make corrections if necessary.
2. Four techniques you can use to improve the readability of your messages are:
Add headings and subheadingsUse short words and objective sentencesKeep paragraphs shortUse bullets and listsHow to write a text effectively?It is essential to pay attention to the textual structure and its main objective, aligning ideas in a simple and objective way, so that the reader can understand the purpose of the text. It is also essential to use reliable sources in the construction of the text, generating greater reliability.
Therefore, good writing is built through research, analysis and dedication, with ideals structured around a topic.
Find out more about writing process here:
https://brainly.com/question/1643608
#SPJ1
An electronic card that is derectly connected to a checking account is known as a
Answer:
debit card
Explanation:
a checking account is also known as a savings account
Answer the following questions about prepaid expenses:
a. On 1, Tree Service prepaid for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year.
b. On 1, Tree Service paid for supplies. At 31, has of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.
c. On 1, Tree Service prepaid for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.
Answer:
the numbers are missing, so I looked for a similar question:
a. On 1, Tree Service prepaid $7,200 for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year.
Dr Rent expense 1,200 (= $7,200 / 6)
Cr Prepaid rent 1,200
Balances:
Prepaid rent 6,000
Rent expense 1,200
b. On 1, Tree Service paid $1,050 for supplies. At 31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.
Dr Supplies expense 650 (= $1,050 - $400)
Cr Supplies 650
Balances:
Supplies 400
Supplies expense 650
c. On 1, Tree Service prepaid for six months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at adjusts the accounts only at 31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.
SAME AS QUESTION A
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2022 and 2021 are provided below. Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation
BALANCE SHEETS
12/31/22 12/31/21
Cash $408,000 192,000
Accounts receivable 360,000 216,000
Inventoy 384,000 $480,000
Property, plant and equipment $608,000 $960,000
Less accumulated depreciation (320,000) 288,000 (304,000) 656,000
$1.440.000 $1.544.000
Accounts payable $176,000 $96.000
Income taxes payable 352,000 392,000
Bonds payable 360,000 600,000Common stock 216,000 216,000
Retained earnings 336.000 240.000
$1,544.000 $1.440.000
INCOME STATEMENT
For the Year Ended December 31, 2022
Sales revenue $8,400,000
Cost of sales 7,152.000
Gross profit 1,248,000
Selling expenses $600,000
Administrative expenses 192.000 792,000
Income from operations 456,000
Interest expense 72,000
Income before taxes 384,000
Income taxes 96,000
Net income $288.000
The following additional data were provided:
1. Dividends for the year 2019 were $192,000.
2. During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
3. All depreciation expense is in the selling expense category.
Under the direct method, the cash received from customers is:____.
Answer:
The cash received from customers under the direct method is $8,256,000.
Explanation:
Given:
Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000
Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000
Sales revenue = $8,400,000
Therefore, we have:
Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000
Therefore, the cash received from customers under the direct method is $8,256,000.