The cash sales and credit sales for Shalimar Company are given below.
What are the cash and credit sales?
Cash Sales and Credit Sales:
a) Last two quarters of the current year:
Current Year Quarter 3 Quarter 4
Budgeted Sales $4,900,000 $6,850,000
Cash (10%) 490,000 685,000
Credit (90%) 4,410,000 6,165,000
b) Each quarter of the next year:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted
Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000
Cash (10%) 460,000 510,000 500,000 760,000
Credit
Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000
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Full Question:
Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales:
Quarter 1 $4,600,000
Quarter 2 5,100,000
Quarter 3 5,000,000
Quarter 4 7,600,000
In Shalimar's experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are $4,900,000 and for the fourth quarter of the current year are $6,850,000.
Required:
Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year.
What is one major effect of specialization on an economy?
O A. Self-sufficiency becomes more important as many businesses
shut down.
B. Opportunity costs for trade rise as businesses are slow to change.
C. Labor becomes more divided as workers focus on certain skills.
D. Voluntary exchange declines as fewer countries can trade
internationally.
Answer: It’s C
Explanation: read it before you check it because the order might be different in different test.
The one major effect of specialization on an economy is that the Labor becomes more divided as workers concentrate on definite skills.
What is specialization in an economy?Specialization is a manufacturing method in which an organization concentrates on producing a narrow range of products in order to increase efficiency.
Specialization has one cardinal determinant on an economy, that the labor becomes more and more divided as workers focus on specific abilities.
Therefore, option C is correct.
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How can I make money on the internet, List some that are easy for multiple people
Answer:
You can use some beermoney websites such as Swagbucks and RewardXP. You do surveys and tasks to earn money. I personally use RewardXP. You can cash out in PayPal, gift cards, and even prepaid gift cards that can be used as debit/credit cards. I have personally made $60 from RewardXP.
"Issues such as marketing’s position and authority in a firm’s hierarchy, the customer orientation of the firm, and the emphasis on short- or long-term planning are examples of which component of the internal environment?"
Answer:
This question is incomplete, the options are missing. The options are the following:
A) Resource availability .
B) Organizational structure.
C) Marketing objectives .
D) Marketing infrastructure .
E) Marketing strategy.
And the correct answer is the option B: Organizational Structure.
Explanation:
To begin with, the name of "Organizational Structure", in the field of business, refers basically to the way that the organization is going be managed by its managers, employees and owners. Therefore that this concept is internal and it comprehends the position that a departament as marketing may have in the hierarchy of the company and also the emphasis on short or long term planning because that will be the primary focus on which the organization will have to direct the resources to accomplish the goals.
compute the selling price of a bag of chips that has a cost of $0.75 per item. the store needs to generate a profit of $0.50 per item.
Answer:
$1.25
Explanation:
A seller has to consider both the cost price and the desired profit before setting the selling price. In practice, the selling price is the total of the cost price and the intended profits.
In this case
Selling price = $0.75 + $0.50
=$1.25
Identify, describe, and analyze various sustainable practices that could be employed by recreational areas and facilities.
The sustainable practices that could be employed by recreational areas and facilities are they may include improving the air and water quality in the community and reducing the agency's impact on the environment such as using fuel-efficient vehicles and reducing the use of pesticides.
What are sustainable practices?Sustainable practices support ecological, human, and economic health and vitality. Sustainability presumes that resources are finite, and should be used conservatively and wisely with a view to long-term priorities and consequences of how resources are used.
In simplest terms, sustainability is about our children and our grandchildren, and the world we will leave them.
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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Was there anything, or anyone, in the film that you see reflected in your city or neighborhood?
Answer:
The centerpiece was originally thought to be included in the Lurie Garden at the southwest corner of the park, but the proposal got rejected because it was considered too big a piece for that place. The name bean was also ridiculed by Anish, who thought the name was worst but later accepted the idea of calling it bean as a nickname. The critiques gave several interpretations of the artwork, describing it as a connector or a gate between the sky and the viewer, calling it “a passage between the realms”. The reflection caused due to the shiny outer surface of the sculptor prompted this version. The Cloud Gate, which was also the first outdoor work of Kapoor, came to be known as one of his best work in the United States.
Explanation:
Hope this helps
a document that initiates shipment of goods and indicates the description of the merchandise, the quantity shipped, and customer name and address is the:
The document that initiates shipment of goods and indicates the description of the merchandise, the quantity shipped, and customer name and address is known as a bill of lading.
A bill of lading is a legal document that serves as proof of shipment of goods from a carrier to a shipper. The term is derived from the word "lade," which means "to load." A bill of lading typically includes information such as the type and quantity of goods, the name of the shipper, the name of the carrier, the destination, and the delivery instructions.A bill of lading is not only a receipt for the goods being shipped, but it also serves as a contract between the shipper and the carrier. The document outlines the carrier's obligation to deliver the goods to their destination in the same condition they were in when they were loaded onto the carrier's transport vehicle.
In addition, the document indicates the customer name and address, the quantity shipped, and the description of the merchandise.
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importance of Technical profession
Answer:
The technical profession has always been important as it has replaced the society from nomadic to the modern era. ... The facilities of medicines, surgical works, communication, computer technology, transportation system, etc are the result of technical professions.
Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?
Answer: D. use a manufacturing process that is compliant with all state and federal regulations.
Explanation:
The options to the question are:
a. pay less taxes
b. substitute the existing labor power with machines
c. double the output of the manufacturing process by asking workers to work overtime
d. use a manufacturing process that is compliant with all state and federal regulations
e. organize picnics for employees
Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations
The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.
Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.
When an economy produces more smartphones and fewer cars, it is answering the _____ question.
When an economy produces more smartphones and fewer cars, it is answering the allocation of resources question.
What does the decision reflect?This decision reflects the choices that an economy is making about how to allocate its resources (such as labor, capital, and raw materials) among different goods and services.
By choosing to produce more smartphones and fewer cars, the economy is indicating that it values smartphones more highly and believes that the production of smartphones will bring more benefits to society compared to the production of cars. The allocation of resources question is one of the central concerns of economics and is a critical aspect of the functioning of an economy.
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Means that the purchase and consumption of a good makes the purchase and consumption of that good unavailable to another person.
Rivalry means that the purchase and consumption of a good make the purchase and consumption of that good unavailable to another person.
A good is said to be rivalrous or in a rival state if its consumption by any particular consumer will prevent simultaneous consumption by many other consumers, or if the primary consumption by one person makes a reduction in the ability of another party for consuming it.
Most tangible goods are considered as both durable as well as non-durable ones and are called rival goods. When we take the case of the hammer, it is considered as a durable type of rival good. The use of the hammer by one person presents a specific barrier to others who desire to use at the same time that particular hammer. Generally, the first user does not want to "use up" the hammer, which means that some rival types of goods can also still be shared according to time.
In economics, a particular good is once said to be a rival one if its consumption by any one consumer makes prevention in simultaneous consumption which is done by other consumers or it is considered as if consumption by one party makes a reduction in the ability of another party for the consuming purpose. A good is said to be non-rivalrous if, for any special level of production, the cost of providing it to an additional individual will be zero. A good is in an "inclusive" state if each person can benefit more from it when other people start to consume it.
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Compare Power and Influence in the Workplace for CIBC
Bank and Bank Of Canada (Word limit 100)
Power and influence are essential concepts in the workplace. In the banking sector, power and influence can manifest in various ways. The Bank of Canada and the Canadian Imperial Bank of Commerce (CIBC) are two organizations with unique workplace power and influence dynamics.
The Bank of Canada is a government-owned central bank that manages the country's monetary policy. The Bank of Canada’s power and influence lie in its ability to affect the supply and demand of the Canadian dollar. By doing so, it helps to regulate the country's economy. The bank has significant power to influence the actions of other banks and financial institutions.CIBC is a private sector bank that focuses on providing financial services to retail and business clients. CIBC’s power and influence come from its ability to lend money and make investment decisions. It has a large market share in the Canadian banking sector, making it a significant player in the economy. As a result, it has the power to influence the borrowing and lending rates of other banks and financial institutions.In conclusion, the Bank of Canada and CIBC both have different types of power and influence. The Bank of Canada's power comes from its control over monetary policy, while CIBC's influence comes from its large market share in the banking sector.
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Which of the following is something that will not affect your homeowners insurance premium? a. the age of the home b. the size of the home c. the color of the home d. the location of the home
Answer:
The color of the home.
Explanation:
All other options affect your insurance rates.
The color of the home will not affect your homeowners insurance premium. Option (c) is correct.
What do you mean by Location?The spot where a specific point or object is found is called its location. Geographically speaking, location is a key concept and is typically regarded as being more specific than "place." A locale is a place where people live, such as a city, town, hamlet, or even an ancient location.
You pay a premium when you purchase an insurance policy. Your recurring payments for many popular insurance products, such as life, car, business, homeowners, and renters, are known as premiums. Your policy could be cancelled if you don't pay your premiums.
The total amount paid to an insurer for insurance is referred to as a premium. A fire service levy, an emergency service levy, and GST might be included. It excludes any amount of duty or a charge paid to an intermediary. When it is received by the insurer, broker, or agent, a premium is considered paid.
Therefore, Option (c) is correct. The color of the home.
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Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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Who may be affected by monetary penalties imposed by the Internal Revenue Service when a Tax Professional fails to meet due diligence requirements?
Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
the final step in the decision making process is to: make the decision. review the results of the decision. identify the decision problem. evaluate costs and benefits of alternatives.
The final step in the decision-making process is to make the decision. The decision-making process is a process that involves the selection of a course of action from various alternatives.
The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. In this stage, the decision maker selects the most appropriate alternative from the options generated during the evaluation stage.
The decision-making process is a process that involves the selection of a course of action from various alternatives. The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. The decision-making process is vital to organizations as it determines their success or failure in achieving their goals. Making decisions in an organization involves a group of people who work together to achieve a common objective. These people must work together and collaborate effectively to achieve a successful outcome. The decision-making process is not easy, and it involves analyzing information, generating alternatives, evaluating them, and selecting the best option that achieves the organization's objectives. The decision-making process must be thorough and systematic, and the decision-maker must consider all factors before making the final decision. The decision maker must evaluate the costs and benefits of each alternative before making the final decision. After making the decision, the organization must implement it and evaluate the results to ensure that it has achieved the desired outcome.
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an investor currently has all of his wealth in treasury bills. he is considering investing one-third of his funds in general electric, whose beta is 2, with the remainder left in treasury bills. the expected risk-free rate (treasury bills) is 8 percent and the market risk premium is 5.1 percent. determine the beta and the expected return on the proposed portfolio. round your answers to two decimal places.
The beta of the proposed portfolio is 0.66, and the expected return is 11.37%.
To determine the beta and expected return on the proposed portfolio, we need to calculate the weighted average beta and expected return based on the allocation to General Electric (GE) and treasury bills.
Given information:
Beta of General Electric (GE) = 2
Risk-free rate (Treasury bills) = 8%
Market risk premium = 5.1%
Allocation to GE = 1/3 = 0.33 (or 33%)
Allocation to Treasury bills = 2/3 = 0.67 (or 67%)
To calculate the weighted average beta (β) of the portfolio, we use the following formula:
β(portfolio) = β(GE) * Allocation(GE) + β(Treasury bills) * Allocation(Treasury bills)
β(portfolio) = 2 * 0.33 + 0 * 0.67
= 0.66
The weighted average beta of the portfolio is 0.66.
To calculate the expected return on the proposed portfolio, we use the following formula:
Expected Return = Risk-free rate + (Market risk premium * β(portfolio))
Expected Return = 8% + (5.1% * 0.66)
= 8% + 3.366%
= 11.366%
The expected return on the proposed portfolio is approximately 11.37%.
Therefore, the beta of the proposed portfolio is 0.66, and the expected return is 11.37%.
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Property rights protect businesses by:
A. setting a minimum price on all goods in an industry.
B. ensuring that the government cannot regulate their actions.
C. providing them with emergency loans from the government.
D. preventing competitors from copying their products.
Preventing competitors from copying their products is the use of Property rights to protect businesses. In business, there is high number of chance to copy the designs and pattern of the goods and services.
Why is it important to protect property rights?The primary goal of property rights, as well as their primary achievement, is to minimize destructive rivalry for control of economic resources. Property rights that are well-defined and well-protected replace violent rivalry with harmonious competition.
Thus, option D is correct.
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If you know a brand so well that you use its trademark name to describe all similar products, you are
exhibiting...
A. Brand Awareness
B. Brand Loyalty
C. Promotion Awareness
D. Promotion Susceptibility
Answer:
I think It's A. and C. or D. but I really think it's D. actually .
Tell Me About a Time You Demonstrated Leadership Skills.
what is the cap rate if a property sold for 1,800,000, the annual pgi is 450,000, the annual egi is 405,000 and the annual noi is $180,000.
From the given information provided, if a property is sold for $1800000, the cap rate for this property is 10%.
The capitalization rate (cap rate) can be calculated as the net operating income (NOI) divided by the property's sale price:
Cap rate = NOI / Property Sale Price
In this case, the property sold for $1,800,000, the annual PGI is $450,000, the annual EGI is $405,000, and the annual NOI is $180,000. Since the question doesn't specify which of these income figures is relevant to the cap rate calculation, we'll use the NOI, which is the most commonly used figure.
Cap rate = $180,000 / $1,800,000 = 0.1 or 10%
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total cost (TC). Please provide answers to the next five questions. Q P TC TR MR MC Profit 0 $8 1 $10 2 $12 3 $15 $19 $24 $30 $45 $6 $6 $6 $6 $6 $6 $6 7 $6 Question 1 1 pts Given the data provided in the table, you are given quantity (Q). price (P), and total cost (TC). Please provide answers to the next five questions. What is the firm's profit at Q-3 4 5 6
the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.
The given data for price (P), quantity (Q), total cost (TC), total revenue (TR), marginal revenue (MR), marginal cost (MC), and profit are as follows:
Q P TC TR MR MC Profit 0 $8 - - - - - 1 $10 6 10 10 6 4 2 2 $12 12 24 14 6 6 12 3 $15 18 45 21 6 9 27 4 $19 24 76 31 6 11 52 5 $24 30 120 44 6 14 76 6 $30 36 180 60 6 18 84 7 $45 - - - - -
To find the firm's profit at Q-3 4 5 6, we have to calculate the total revenue and total cost at each quantity (Q).Let's see the calculations for the given problem:
Total revenue (TR) = price (P) × quantity (Q)Total cost (TC) = fixed cost (FC) + variable cost (VC)Profit
= total revenue (TR) - total cost (TC)
For Q=3, TR = $15 × 3 = $45
For Q=3, TC = $18
Profit at Q=3 = TR - TC = $45 - $18 = $27
For Q=4, TR = $19 × 4 = $76
For Q=4, TC = $24
Profit at Q=4 = TR - TC = $76 - $24 = $52
For Q=5, TR = $24 × 5 = $120
For Q=5, TC = $30
Profit at Q=5 = TR - TC = $120 - $30 = $90
For Q=6, TR = $30 × 6 = $180
For Q=6, TC = $36
Profit at Q=6 = TR - TC = $180 - $36 = $144
Therefore, the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.
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Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but crítical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Answer:
910.18
Explanation:
After Chin's down payment the amount borrowed is ...
(1 - 20%)($180,000) = 0.80·$180,000 = $144,000
The amount of the payment is given by the amortization formula ...
A = P(r/n)/(1 -(1 +r/n)^(-nt))
for P borrowed at rate r for t years, compounded n times per year.
A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18
The monthly loan payments will be 910.18.
According to a recent poll 27% of Americans get 30 mins of exercise at least five days each week. Let’s assume this is the parameter value for the population if you select a simple random sample of 25 Americans and let ^p= the proportion in the sample who get 30 mins of exercise at least five days per week. What are the values of the mean and standard deviation of the sampling distribution of ^p?
The correct answer to the given question is option B
What is Standard Deviation?The standard deviation is a statistic that expresses how much variance or dispersion there is in a group of numbers.
While a high standard deviation implies that the values are dispersed over a wider range, a low standard deviation shows that the values tend to be close to the mean of the collection.
Given : n=25 , p=0.27 , q=1-p=1-0.27=0.73
Now , no=25*0.27=6.75 and nq=25*0.73=18.25
Here, np<10
Therefore, we can not use the normal approximation.
The correct option is (b)
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There are several steps you can take to reduce the potential of being a victim
of consumer fraud, including.
Answer:
Here are some steps to be taken to avoid being a victim of consumer fraud:
Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.Online searching: Search about the company of product online to see if it is legit or not.Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.Personal information: Don't given any unknown person your personal information, money, or any kind of financial detailsThe owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a granite pedestal on the premises. The statue, a fixture, was specially commissioned by the owner from a well-known sculptor. Several years later, the owner entered into a contract to sell the mansion and its grounds. The contract made no mention of the statue. Prior to closing, the buyer learned that the owner planned to remove the statue before delivering the deed to the property. The buyer has objected, arguing that the statue must stay on the premises. Can the owner remove the statue
Answer:
I'm really not sure why the buyer would want to keep the statue of the seller's dead mother in the premise, it sounds creepy, but he/she entitled to do so. The statue is probably considered a fixture of the house, mansion or premise however you want to call it. When someone sells a property, he/she must include all the fixtures, e.g. doors, windows, pool. A fixture is something that is physically attached to the property.
If the seller plans to remove some fixture, e.g. an expensive lamp in the living room, he/she must state so before closing the deal and the buyer must accept it (generally it would be included in the contract).
When calling a support line to request help with a computer problem, it is best to
provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem
Answer: Provide as many details and information as possible.
Explanation:
So they can identify the problems with your computer
Answer:
1.provide as many details and information as possible.
Explanation:
Your email campaign has an open-rate of 9.6%, you emailed 25,000 people. How many people opened your email?
Answer:
2,400 people
Explanation:
if open rate is 9.6%
people emailed were 25,000
the people who opened will be 9.6% of 25,000
=9.6/100 x 25,000
=0.096 x 25,000
=2,400