Answers
Explanation: your the shadow of the person working at the job.
Related Questions
kayla wanted to open her own dress design business. she spent a few hours putting together a marketing plan, then selected an award-winning dress she designed and wore it to the meeting with the bank. the most likely reason she did not receive a loan was blank. she does not have a good idea for a business
she already has all of the capital needed to start
the bank officer does not like her dress
she does not develop a thorough business plan
Answers
kayla probably didn't get a loan since she didn't create a solid business plan. Business Plan: A formal written document outlining the goals of the organisation, how they will be attained, and when they will be completed is known as a business plan.
Which of the following four business plan types are they?
A company strategy comes in four main general categories. Miniplans, working plans, presentation plans, and what-if plans are all examples of extremely concise plans.
Each one requires a considerable amount of labour, albeit not necessarily with results that are much different.
What are the three main goals of a business plan?
A company plan's three most important objectives are to:
1) Create a successful growth plan.
2) Determine your projected financial needs.
3) Attract lenders and investors, such as angel and venture capitalists.
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One column of numbers consists of 33, 58, and 17. When the digits of the
numbers are added together, the result is 3+3+5+8+1+7=27, and when
the digits of 27 are then added together, the end result is 2 + 7 = 9. If the
same process is performed on the numbers in a second column, what can be
concluded?
OA. If the end result from the second column is also 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OB. If the end result from the second column is not 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OC. If the end result from the second column is not 9, then the sum of
the numbers in the first column is equal to the sum of the
numbers in the second column.
D. If the end result from the second column is also 9, then the sum of
the numbers in the first column is equal to the sum of the numbers
in the second column.
Answers
This is because the process described (adding the digits of the numbers and then adding the digits of the result until a single digit is obtained) is essentially finding the digital root of the sum of the numbers in each column. If the digital roots of the two columns are different, then the sum of the numbers in the first column cannot be equal to the sum of the numbers in the second column.
Direction: Read and answer the following briefly and concisely.
1. You’re an aspiring hotel owner, which among the three ( strategy, planning and operation) would like to consider more in decision making? Why?
2. Why do you think the resources/supplier’s background and legitimacy is important to check by us users before considering them as our business partners?
3. What is the importance of the rules FIFO and LILO in SCM?
4. Imagine there will be no lead time or cycle time in processing products, will you be able to meet customer satisfaction? Why, or why not?
5. How can SCM helps a business survive during inflation?
Answers
As an aspiring hotel owner, all three factors of strategy, planning, and operation are crucial in decision-making.
What is the most important one?However, the most important factor would be planning. This is because planning involves developing a comprehensive blueprint of the hotel's operations, including budgets, timelines, and resource allocation.
Without a well-designed plan, a hotel may struggle to achieve its goals and objectives, and may experience inefficiencies and cost overruns.
Checking the background and legitimacy of suppliers and resources is essential because it helps to ensure that the goods and services being provided meet the required quality standards and comply with regulations.
It also helps to reduce the risk of fraud or other unethical practices that could harm the business. Additionally, partnering with reputable and trustworthy suppliers can enhance the business's reputation and customer satisfaction.
The rules of FIFO (First-In-First-Out) and LILO (Last-In-Last-Out) are essential in supply chain management. FIFO ensures that older inventory is sold or used before newer inventory, preventing spoilage, waste, and obsolescence.
LILO is useful for managing perishable items where the freshest items are prioritized over older inventory. These rules help to manage inventory levels, improve supply chain efficiency, and reduce costs.
Even without lead time or cycle time, it may still be challenging to meet customer satisfaction. This is because other factors such as demand variability, capacity constraints, and quality control issues can affect the ability to deliver products that meet customer expectations.
Additionally, the absence of lead and cycle time could lead to inefficiencies and disruptions in the supply chain, which could impact customer satisfaction.
SCM can help businesses survive during inflation by implementing effective cost management strategies such as supplier rationalization, inventory optimization, and demand forecasting. SCM can also help to identify alternative sources of supply, negotiate better prices with suppliers, and reduce logistics costs.
Effective SCM can help businesses to remain competitive and adapt to changing market conditions, including inflation.
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What is a tax free savings account that can only be used for educational expenses
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A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
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. A producer is:
a . a person who purchases a product
b . the seller of a product
c . the buyer of a product
d . a good sow
Answers
A producer is option (b) the seller of a product. Producers generate, or produce, things and services, which customers then purchase with money.
What does a producer in commerce do?Producers are those who cultivate crops, produce things and offer services. They assist us with our tasks and are occasionally referred to as workers. A producer is in charge of discovering and launching a business, arranging for funding, hiring authors, a director, and other important members of the creative team, as well as managing every aspect of pre-production, production, and post-production up to release.
Factor inputs such as labor and capital are hence combined by the producers to generate, or output, something new. The primary producers that economists typically refer to when discussing producers are business firms. Yet, a producer will often be the one who controls a film in a real independent production.
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Type the correct answer in the box. Spell all words correctly. Which option in a presentation program contains the formatting and placeholders for all of the items that appear on a slide? The ____ option contains the formatting and placeholders for all of the items that appear on a slide.
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The "Slide Master option contains the formatting and placeholders for all of the items that appear on a slide.
The Slide Master is a feature available in presentation software, such as Microsoft PowerPoint or Slides, that allows users to define and apply consistent formatting and layout to all slides in a presentation. It serves as a template or blueprint for the design and structure of each slide.
By accessing the Slide Master, users can customize the background, fonts, colors, and other design elements that will be applied to all slides in the presentation. It also contains placeholders for various items commonly found on slides, such as titles, text boxes, images, logos, and footer information.
The advantage of using the Slide Master is that it ensures consistency and efficiency when creating and editing slides. Instead of manually applying formatting and placeholders to each slide individually, users can make changes to the Slide Master, and those changes will be reflected across all slides in the presentation.
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WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Answers
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow. You have found a comparison property that sold for $275,000 four weeks ago. It has three bedrooms and three bathrooms. You estimate values have been decreasing at a rate of $2,000 per week since that property transacted. Each bedroom is worth $30,000 and a bathroom is worth $15,000 in the respective market.what is your best estimate of the market price of the subject property tomorrow?
Answers
Answer: $252,000
Explanation:
Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.
House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.
Value of bathroom is $15,000 so;
= 275,000 - 15,000
= $260,000
House to be appraised was worth $260,000 4 weeks ago.
Prices have been reducing at $2,000 per week for four weeks.
= 2,000 * 4
= 8,000
Value of house = 260,000 - 8,000
= $252,000
Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Answers
Answer:true
Explanation: just took the test
Type the correct answer in the box. Spell all words correctly.
Which business model is used by some of the software development companies that create apps for smart phones?
Some software companies that develop apps for smart phones make use of the BLANK
business model to attract and retain customers.
Answers
Answer:
freemium
Explanation:
Some software companies that develop apps for smartphones make use of the Freemium business model to attract and retain customers.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business model refers to a strategy to seek growth in business and to retain customers by generating high levels of customer satisfaction for them and helps to achieve loyalty and cretes goodwill in the market which helps in strengthening the position of the business.
Freemium is a business model used by software companies as it provides an advanced strategy that helps businesses to attract and retain customers by providing them with value-added services.
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plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and plants. 5.3.1 Rare Animals
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A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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There are over 850 occupations that can be learned through an apprenticeship.
Answers
Answer:
When evaluating possible careers, you should match the career information you researched to your personal interests and resources. How can you make sure you are being realistic when setting goals?
Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?
Answers
Farmers' markets: The typical farmers' market may be the closest thing to ideal competition that exists in the real world. Small customers producers charge relatively similar pricing for products that are almost equivalent.
Considering that there are so many small producers in the agricultural sector and that they have so little. This industry perhaps displays the closest thing to ideal competition because of its control over the selling pricing of their products. Monopolistic Competition Despite the fact that numerous businesses use customers marketing techniques and recipes, McDonald's is nonetheless distinct. Because the products are not uniform, the market cannot be completely competitive.
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Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $18,000; K. Korver, Withdrawals $2,000; Services Revenue $33,000; Salaries Expense $25,000; and Rent Expense $3,000. (1) Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0.
Answers
The closing entries and ending balances of the T-accounts of K. Korver are as follows:
1) Post-closing entries:
K. Korver, CapitalAccount Titles Debit Credit
Ending balance $18,000
K. Korver, Withdrawals $2,000
K. Korver, WithdrawalsAccount Titles Debit Credit
Ending balance $2,000
K. Korver, Capital $2,000
Services RevenueAccount Titles Debit Credit
Ending balance $33,000
Income Statement $33,000
Salaries ExpenseAccount Titles Debit Credit
Ending balance $25,000
Income Statement $25,000
Rent ExpenseAccount Titles Debit Credit
Ending balance $3,000
Income Statement $3,000
What are post-closing entries:Post-closing entries are the ledger postings made to the income summary with regard to revenues, expenses, retained earnings, and dividends, or withdrawals.
2) The computation of the final balances of the T-accounts is as follows:
K. Korver, CapitalAccount Titles Debit Credit
Normal balance $18,000
K. Korver, Withdrawals 2,000
Ending balance $16,000
K. Korver, WithdrawalsAccount Titles Debit Credit
Normal balance $2,000
K. Korver, Capital $2,000
Services RevenueAccount Titles Debit Credit
Normal balance $33,000
Income Statement $33,000
Ending balance $0
Salaries ExpenseAccount Titles Debit Credit
Normal balance $25,000
Income Statement $25,000
Ending balance $0
Rent ExpenseAccount Titles Debit Credit
Normal balance $3,000
Income Statement $3,000
Ending balance $0
Thus, the post-closing entries and the ending balances of the T-accounts have been entered and computed respectively.
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The benefit the goverment receives from tax can be measured by
Answers
Answer:
the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Explanation:
The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
The revenue or benefits received from tax by the government of a Country can be measured by using the Tax-to-GDP ratio.
The Tax-to-GDP ratio provides an in-depth knowledge of the revenues generated from tax by the nation as it relates to the economy.
This ratio helps to pinpoint the benefits from taxation with relation to the size of the nations economy. for instance, if their is higher revenue from tax, it means that the Country can spend more money healthcare, education or infrastructure.
Hence, the Tax-to-GDP ratio, measures the benefit from tax in a nation, and a higher tax revenue of a nations gross domestic product (GDP) signifies economic growth.
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I need a an idea of followership introduction help me!
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Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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If you have a bank account whose principal = $1000, and your bank compounds the interest twice a year at an interest rate of 5%, how much money do you have in your account at the year's end?
Answers
Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
1. Demand for flour to increase
2. Demand for flour to decrease.
3. Supply of flour to increase.
4. supply of flour to decrease
Answers
Answer:
3. Supply of flour to increase.
Explanation:
The situation above is showing a direct proportional relationship between the "wheat," as a main ingredient of flour, and the flour itself.
If the price of wheat decreases, suppliers will be interested in buying more of it in order to produce more quantities of flour at a lower cost because it will more likely lead to a higher profit. This will, therefore, increase the supply of flour in the market.
Fine-Cut Meats (Pty) Ltd purchased a delivery vehicle of R150 000 on 1 June 2021 on credit. The
owner was advised that the residual value of this truck is estimated at R30 000. The diminishing
depreciation method was adopted by the company in utilising assets over five years.
On 1 September 2021 the owner replaced equipment. The new equipment amounts to R45 000.
The replaced equipment was purchased on 1 January 2018 for R30 000 and sold for R5 000. The
company uses the straight-line depreciation method over a period of four years to report on
equipment.
Required:
Disclose the property, plant and equipment note in the financial statements of Fine-Cut Meats
(Pty) Ltd the year ended 31 December 2021 (25)
Answers
Total Liabilities & Shareholder's Equity 11280,00
How to represent the Income Statement?
Income Statement
Sales 4100,00
Less: Cost of Goods sold -1500,00
Gross Profit 2600,00
Less: Operating Expenses -980,00
Net Income 1620,00
Financial Statement
Assets
Current Assets:
Trade Debtors 640,00
Cash and Bank 3100,00
Prepaid Expenses 45,00
Total Current Assets 3785,00
Non Current Assets:
Plant & Machinery (5300,00 - 150,00) 5150,00
Motor Vehicles (1900,00-70,00) 1830,00
Office Furniture (550,00-35,00) 515,00
Total Non Current Assets 7495,00
Total Assets 11280,00
Liabilities & Shareholder's Equity
Current Liabilities:
Trade Creditors 1590,00
Total Current Liabilities 1590,00
Shareholder's Equity
Ordinary Shares 1200,00
Preference Shares 800,00
Retained Earnings (6070,00+1620,00) 7690,00
Total Shareholder's Rquity 9690,00
Total Liabilities & Shareholder's Equity 11280,00
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
Answers
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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A solid figure is shown it is a rectangle prism
Answers
Answer:
ok WHAT'S YOUR QUESTION
Explanation:
HELP ASAP I WILL GIVE BRAINLIEST
Answers
Answer:
Small Business= 4
Entrepreneur= 2
Sole Proprietor= 1
C-Corporation= 5
Franchise= 3
Explanation:
hope this helps
What is the total cost of ownership
Answers
Condensed financial data of Swifty Company for 2020 and 2019 are presented below. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,770 $1,170 Receivables 1,780 1,300 Inventory 1,570 1,880 Plant assets 1,870 1,710 Accumulated depreciation (1,210 ) (1,190 ) Long-term investments (held-to-maturity) 1,290 1,430 $7,070 $6,300 Accounts payable $1,200 $900 Accrued liabilities 200 250 Bonds payable 1,430 1,580 Common stock 1,860 1,730 Retained earnings 2,380 1,840 $7,070 $6,300 SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,820 Cost of goods sold 4,640 Gross margin 2,180 Selling and administrative expenses 910 Income from operations 1,270 Other revenues and gains Gain on sale of investments 80 Income before tax 1,350 Income tax expense 550 Net income 800 Cash dividends 260 Income retained in business $540 Additional information: During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method.
Answers
Answer:
Swifty Company
Explanation:
a) Data and Calculations:
SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019
Cash $1,770 $1,170
Receivables 1,780 1,300
Inventory 1,570 1,880
Plant assets 1,870 1,710
Accumulated depreciation (1,210 ) (1,190 )
Long-term investments
(held-to-maturity) 1,290 1,430
Total assets $7,070 $6,300
Accounts payable $1,200 $900
Accrued liabilities 200 250
Bonds payable 1,430 1,580
Common stock 1,860 1,730
Retained earnings 2,380 1,840
Total liabilities and equity $7,070 $6,300
SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,820
Cost of goods sold 4,640
Gross margin 2,180
Selling and administrative expenses 910
Income from operations 1,270
Other revenues and gains
Gain on sale of investments 80
Income before tax 1,350
Income tax expense 550
Net income 800
Cash dividends 260
Income retained in business $540
Additional Information:
a) Issue of Common stock for plant assets = $80
Adjustments for cash transactions:
Receipts:
Customers = $1,300 + $6,820 - $1,780 = $6,340
Sale of investment = $1,430 - $1,290 = $140
Common stock = $1,860 - $1,730 - $80 = $50
Payments:
Suppliers = $900 + $4,330 - $1,200 = $4,030
Expenses = $250 + $910 - $200 = $960
Bonds = $1,580 - $1,430 = $150
Plant = $1,870 - $80 - $1,710 = $80
Purchases = $1,570 + 4,640 - $1,880 = $4,330
Statement of Cash Flows for the year ended December 31, 2020:
Cash flows from operating activities:
Receipt from customers $6,340
Payment to suppliers (4,030)
Payment for services (960)
Income tax expense (550)
Net cash from operating activities 800
Cash flows from investing activities:
Receipt from sale of investments $140
Purchase of plant assets (80)
Net cash from investing activities 60
Cash flows from financing activities:
Issue of Common stock $50
Payment to bondholders (150)
Payment to stockholders (260)
Net cash from financing activities (360)
Net cash flows $500
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000$1,000 that reaches maturity in 1515 years. The bond certificate indicates that the stated coupon rate for this bond is 8.98.9% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.67.6%, then the price that this bond trades for will be closest to:
Answers
Answer:
$1,108.51
Explanation:
For computing the price of the bond we need to apply the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 7.67% ÷ 2 = 3.835%
NPER = 15 years × 2 = 30 years
PMT = $1,000 × 8.9% ÷ 2 = $44.5
The formula is shown below:
= -PV(Rate,NPER,PMT,FV,type)
So, after applying the above formula, the price of the bond is $1,108.51
Bloom Corporation purchased $1,000,000 of Taylor Company 5% bonds at par with the intent and ability to hold the bonds until they matured in 2025, so Bloom classifies their investment as HTM. Unfortunately, a combination of problems at Taylor Company and in the debt market caused the fair value of the Taylor investment to decline to $600,000 during 2018.
Required:
For each of the following scenarios, prepare appropriate entry(s) at December 31, 2018, and indicate how the scenario will affect the 2018 income statement (ignoring income taxes).
1. Bloom now believes it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recover their fair value. Of the $400,000 decline in fair value, Bloom attributes $250,000 to credit losses, and $150,000 to noncredit losses.
2. Bloom does not plan to sell the Taylor bonds prior to maturity, and does not believe it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recover their fair value. Of the $400,000 decline in fair value, Bloom attributes $250,000 to credit losses, and $150,000 to noncredit losses.
Answers
Answer:
1)
Since Bloom plans to sell the bonds, it must record the entire loss as credit loss (loss on sale of bonds)
Dr Other than temporary impairment loss 400,000
Cr Discount on bond investment - Taylor bonds 400,000
Credits losses must be recognized as a loss in earnings in the income statement.
2)
Journal entry to record credit loss:
Dr Other than temporary impairment loss 250,000
Cr Discount on bond investment - Taylor bonds 250,000
Journal entry to record non-credit loss:
Dr Other than temporary impairment loss 150,000
Cr Fair value adjustment - Taylor bonds 150,000
Non-credit losses must be recognized as part of other comprehensive income/loss and must be disclosed separately than credit losses. They must be reported in the balance sheet (they lower retained earnings directly), not the income statement.