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119.5% for Year 2 and 100.0% for Year 1. Net sales are calculated by subtracting a company's gross sales from its returns, allowances, and discounts.
Externally, net sales calculations are not always transparent. They are frequently included in the reporting of top-line revenues on the income statement. You can subtract all other deductions, such as discounts, returns, and allowances, from the total number of sales. For example, if your gross sales are $100,000, your net sales are $96,000 minus $2,000 in sales discounts, $1,000 in sales allowances, and $1,000 in sales returns. Net sales are total revenue minus sales returns, allowances, and discounts.
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Related Questions
Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This is known as a .
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The name which is given to the set of steps which Markus Braun to make sure that Wirecard acquires a company is:
Strategic goalWhat is a Strategic Goal?This refers to the long term objectives of a company or business which usually requires patient planning and moves which helps to achieve the aims and objectives of the company.
With this in mind, we can see that because Markus Braun is taking careful steps in order to acquire a new company, then this is known as strategic goal.
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Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 1,000,000 shares of common stock with a par of $1. The following transactions affecting stockholders’ equity were completed during the first year of operations:
Issued 100,000 shares of stock at par to Paul Glenn for cash.
Issued 3,000 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation, and issued 45,000 shares of stock at par to Michele Kirby for cash.
Purchased land and a building from Gretchen Northway in exchange for stock issued at par. The building is mortgaged for $180,000 for 20 years at 6%, and there is accrued interest of $5,200 on the mortgage note at the time of the purchase. The corporation agreed to assume responsibility for paying the mortgage note and accrued interest. It is agreed that the land is to be valued at $60,000 and the building at $225,000 and that Gretchen Northway will be issued stock at par.
Journalize the entries to record the transactions.
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Describe why the facility should have an inventory
list of equipment.
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so people don't buy the same things again & again
to see
whats in stock
where they are displayed
how many they have
keep track of inventory
plan for restocking
know which items are running low
asset value for accounting or financial purposes.
Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.
Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.
Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.
Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.
Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.
Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.
Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.
Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.
provides information about the administrative and clinical machines in the facility.
gives you more control over your business' assets.
equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork
Consider the following BPMN diagram:
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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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in order to open a discretionary cash account, all of the following are required except: a signature of manager on new account form b signed trading authorization c signed customer's agreement d completed customer new account form
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In order to open a discretionary cash account, all of the following are typically required, including-
A signed customer's agreement
A completed customer new account form
A signed trading authorization
However, depending on the policies and procedures of the financial institution or brokerage firm where the account is being opened, the first item listed—"a signature of manager on new account form"—may or may not be necessary. Some institutions might require a manager's signature on all new account forms, whereas others might only do so under specific conditions (such as for high-risk or high-value accounts).
There is no exception, so that is the right response to this question. The manager's signature on the new account form may or may not be necessary depending on institutional policies, but all of the items on the list are typically necessary.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
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The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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3. How did followers in this case act in ways that contribute to the power of destructive leaders and their goals? What was the debilitating impact their actions had on the organizations?
Answers
The followers in the Penn State Sexual Abuse Scandal acted in ways that contributed to the power of the destructive leader and his goals.
How did followers contributed to power of the destructive leader?Jerry Sandusky was convicted of sexually abusing multiple young boys over a period of several years which has erupted following Sandusky's arrest revealed a pattern of behavior in which followers including university officials and members of the football program.
This rruption enabled Sandusky's abusive behavior by ignoring or covering up reports of misconduct. In some cases, individuals who spoke out against Sandusky's behavior were ostracized or punished for challenging the status quo. This pattern of behavior allowed Sandusky to continue his abuse unchecked and contributed to the power he held over those around him.
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Your company has a need for productivity apps that are usable anywhere and enable distributed teams to work together. Which vendor provides these services?
Answers
The Micro-soft is a vendor who will provides the services of productivity apps which are usable anywhere and also enable distributed teams to work together.
What is Micro-soft?Micro-soft is a developer of popular software systems and applications. most especially the Windows
Some of the productivity apps offered by Micro-soft includes:
WordExcelPower Point Outlook etcIn conclusion, the Micro-soft is a vendor who will provides the services of productivity apps which are usable anywhere and also enable distributed teams to work together.
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Which position most likely requires a master’s degree for success?
Computer Programmer
Website Designer
IT Project Manager
Computer Scientist
Answers
Answer:
The answer is computer scientist
Select all the words that are associated with Demand
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(12) 4 Briefly describe what the profit maximisation rule is and comment 5 on the quantity at which the brickyard (business) maximises its profits. Draw well-labelled TC and TR curves for the brickyard using the values you have determined above. 6 Use practical examples that brickyards (businesses) can use to differentiate between short and long-run costs. MOGALAKWENA ECONOMICS GRADE 11 COMMON TASK MAY 2023 [RESEARCH PROJECT] (10) (5) (10) C
Answers
The rule states that a business should produce at a quantity where marginal revenue (MR) is equal to marginal cost (MC).
This is because business is maximizing its profits by balancing the additional revenue gained from producing an additional unit with the additional cost incurred.
What is the quantity at which the brickyard maximizes its profits?The brickyard will maximize its profits at the quantity where marginal revenue equals marginal cost. By determining values for marginal revenue and marginal cost, we can find the optimal quantity for the brickyard to produce.
To draw labelled total cost (TC) and total revenue (TR) curves for the brickyard, we must know values for total cost and total revenue at different levels of output. Once we have them, we will plot them on a graph with quantity on the x-axis and cost/revenue on the y-axis.
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At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by: ______________
a. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
b. A net income of $4,950.
c. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
d. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.
e. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
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There are ways to know the differences in account. This difference could have been caused by An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
What is a trial balance?A trial balance is a document that depicts all asset, liabilities etc. It is often prepared so as to ensure that posting of amounts and accounts are done well and right.
Here, the Total debits must equal total credits. The issue could have been caused by option d due to different factors.
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the third level of conceptual framework does not include: a. assumptions b. constraint c. elements d. principles
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Answer:
Identifies the principles of acknowledgment, calculation, and transparency used in the development and application of accounting standards, as well as the concrete concepts needed to achieve the goal. These definitions define the current reporting landscape and include expectations, values, and a cost limit.
g In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $19,500 during August 2021. $5,000 of cards were redeemed in September 2021, $3,390 in October, $3,080 in November, and $2,380 in December 2021. In 2022 an additional $1,250 of cards were redeemed in January and $680 in February. How much gift card revenue associated with the August 2021 gift card sales would Lizzie get to recognize in 2021 and 2022?
Answers
Answer:
2021
Due to the Accrual principle in Accounting, the revenue for 2021 will be the gift cards that were earned (redeemed) in 2021.
= 5,000 + 3,390 + 3,080 + 2,380
= $13,850
2022
Any gift cards that have not been redeemed within 12 months are not likely to be redeemed so the remaining gift cards can be said to be redeemed in 2022 which would mean that the revenue in 2022 is;
= 19,500 - 13,850
= $5,650
The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $1,341,000 on January 1 2018, the beginning of the year. During the year, dividends of $75,000 were paid.
Accounts payable $69,500 Miscellaneous Expense $14,500
accounts receivable $236,500 Rent expense $22,500
cash $190,500 supplies $7,000
common stock $450,000 supplies expense $11,300
Fees earned $383,500 utilities expense $16,700
Land $1,500,00 wages expense
$170,000
1.Prepare an income statement for the year ended in December 31 2018
2. Prepare a retained earnings statement for the year
3. Prepare a balance sheet as of december 31 2018
4. What item appears on both the retained earnings statement adn the balance sheet?
Journey Travel Agency
Income Statement
For the Year Ended December 31, 2018
Revenue
Expenses
Misscellaneous expense
Supplies
Supplies expense
utilities expense
Net income
Journey Travel Agency
Statement of Retained Earnings
For the Year Ended December 31, 2018
Retained earnings, January 1, 2018
Retained earnings, December 31, 2018
Journey Travel Agency
Balance Sheet
For the Year Ended December 31, 2018
Assets Liabilities
Total liabilities
Stockholders' Equity
Total liabilities and
Total assets
stockholders' equity
(posted chart from excel, given by teacher)
Answers
Answer:
Income statement
Fee earned $383,500
Expenses:
Miscellaneous expense $14,500
Rent expense $22,500
Supplies expense $11,300
Utilities expense $16,700
Wages expense $170,000 $235,000
Net income $148,500
Statement of retained earnings
Retained earnings, beginning $1,341,000
Net income $148,500
Less: Dividend paid $75,000
Retained earnings, ending $1,414,500
Balance sheet
Assets
Cash $190,500
Accounts receivable $236,500
Supplies $7,000
Land $1,500,000
Total assets $1,934,000
Liabilities
Accounts payable $69,500
Stockholders' equity
Common stock $450,000
Retained earnings $1,414,500
Total stockholders' equity $1,864,500
Total liabilities and stockholders' equity $1,934,000
You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of 400 euros, no receipts required. This per diem is advanced to you before the trip (36,000 euros). You deposit it into your checking account and use your Portuguese (euro) credit card to cover your costs while in the United States. After the first two weeks of your trip, the dollar weakens against the euro by 15 percent. What ethical dilemma might this currency fluctuation present for you? How will you handle it?
Answers
The ethical problem is whether to save the extra Euro for personal use and not disclose it to the firm because no receipt is necessary, spend the whole sum of 400 Euros by engaging in other activities, or just return the money.
The activity should be motivated by intent and will adhere to the deontological perspective.
According to this approach, the action should be to spend Euros while on a business trip to obtain additional valuable information for the organization, such as understanding local market conditions, discussions with channel partners, and other activities that go beyond the scope of the business trip within the budget of 400 Euros.
Following that, any Euro saved should be returned to the organization together with a declaration of the dollar's depreciation and any further information obtained.
It will assist the organization in growing and setting a positive ethical example for the personnel, and it will take the utilitarian perspective into account.
Here,
Due to the weakening of the dollar, a less number of euros will be used to buy the same basket of goods and services.
The number of euros required after 2 weeks (after depreciation in dollars) = 400 x .85 = 340 Euros per day
Therefore, the ethical dilemma is whether to spend the entire 400 Euros on other activities, refund the money, or preserve the additional Euro for personal use while keeping it a secret from the company because there is no need for a receipt.
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explain the meaning of an action plan
Answers
Answer:
An action plan is a document that lists what steps must be taken in order to achieve a specific goal
Answer:
An action plan is a comprehensive plan on how to reach a goal
Explanation:
It assists in improving teamwork planning and is a key step in the process of the planning process. Action plans can be used by people to create a strategy for achieving their own personal goals in addition to project management.
Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. what is the hurdle rate? With Explanation
Answers
If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.
How to find hurdle rate?First step is to find the investment turnover using this formula
Investment turnover=Sales/invested capital
Investment turnover = ($14,000 / $400,000) × 2
Investment turnover = 0.035 × 2
Investment turnover =0.07
Second step is to find the hurdle rate using this formula
Hurdle rate = ROI - Investment turnover
Hurdle rate = 0.16 - 0.07
Hurdle rate = 0.09× 100
Hurdle rate = 9%
Therefore the hurdle rate is 9%.
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1. Concave Systems presently has earning interest and taxes of
$6 million. Its interest expenses are $1,000,000 a year, and it
pays $600,000 in annual dividends to its shareholders. Concave
has 300, 000 common shares outstanding, and its tax rate is 40
percent. Its annual capital expenditures are $900,000. Concave's
present priceto-earning ratio is 8.
a. Calculate the company's earnings per share and interpret.
b. Calculate the company's dividend payout ratio and interpret. 目
c. Calculate the company's dividend yield and interpret.
Answers
The company's earnings per share is 20, dividend payout ratio is 0.1 and dividend yield is 1.25.
What is Dividend payout?The dividend payout is the ratio between dividend per equity share and earning per equity share.
Earning per share = Earning net interest and tax/ Number of shares outstanding
= $6,000,000/3,00,000
= 20
Dividend per share = Total Dividend/ No of shares
= $600,000/300,000
= $2
Dividend payout ratio = Dividend per share/Earning Per Share
= $2/20
= 0.1
Market value per share = P/E Ratio × Earning per share
= 8 × 20
= $160
Dividend Yield = Dividend per share/ Market Value Per Share
= $2/$160×100 = 1.25
Therefore the earning per share indicates the earnings of the company is attributable to the equity shareholders. The company's dividend payout ratio and dividend yield ratio indicate the percentage of earnings paid to shareholders via dividends.
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yall have anything to cure depression? lmk pls ._.
Answers
Answer:
Anti-depressants :))))))))
they make u HIGH on happiness :DDDDDDDDDDDDDDDDDD
Answer:
Morningggggggg
Explanation:
The __________ strategy involves deciding what goods and services the firm should offer to a group of consumers and also making decisions about customer service, brand name, packaging, labeling, product life cycles and new product development.
Answers
Answer:
a. trate
Explanation:
some trate is so much good then trote so yeah
Question 5725
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Michael Arthur deposited $2,500 in a new regular savings account that earns 5% Interest compounded semiannually. He made no other deposits or withdrawals.
a) What was the amount in the account at the end of 1 year?
b) What is the compound Interest?
Answers
Answer:
The amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
Explanation:
Given that Michael Arthur deposited $ 2,500 in a new regular savings account that earns 5% interest compounded semiannually, and has made no other deposits or withdrawals, to determine what was the amount in the account at the end of 1 year and what is the compound interest the following calculations must be performed:
2,500 x (1 + 0.05 / 2) ^ 1x2 = X
2,500 x 1,025 ^ 2 = X
2,500 x 1.050625 = X
2,626.56 = X
2626.56 - 2500 = 126.56
Therefore, the amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
A fundamental principle in demand analysis is that a change in price leads to Group of answer choices a shift of the demand curve. a movement along the demand curve. a leftward shift of the demand curve. a complementary movement on the supply curve.
Answers
Answer: a movement along the demand curve.
Explanation:
When the price of a good changes, demand is supposed to react to that by moving along the demand curve because the demand curve is a visual representation of the goods demanded by people at various prices.
For instance, if the price of a normal good increases, the demand will likely decrease and there will be a movement up the demand curve to show that less goods are being demanded. The reverse holds true.
the conversion of metals into coins
Answers
Answer:
Coinage
Explanation:
the invention of a new word or phrase.
When did the court cases reach the Supreme Court?
Answers
Answer:
August 3, 1791
Explanation:
what step in the rational decision-making process involves assessing what worked and did not work about the process and solution
Answers
The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
What is rational decision-making process?Rational decision can be described as the opposite of intuitive decision making.
It can be described as the strict procedure utilizing objective knowledge and logic and this also involves identifying the problem to solve, it hence The step in the rational decision-making process which involves assessing what worked and did not work about the process and solution is defining the problem.
In conclusion, Decision making serves as the process that involves consideration of choices through the identification of a decision.
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Answer:
the last step
Explanation:
Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.
Your coworker Kevin is really concerned about a project that he has just been assigned. He is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct using the data provided. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a would be more appropriate.
Answers
Answer:
Appropriate Terminology
a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.
bar chart or histogram
b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.
table
Explanation:
A bar chart or graph represents categorical data with rectangular bars. It can be used to visualize data distributions, compare data groups, and to track periodic changes in data. Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.
Suppose that the nearby campers impose a cost of $500 on you and your roommate. If they had to move to a campsite where they could make as much noise as they wished, they would incur a cost of $200. Think of this as the cost of having to physically pack up their stuff and hike to another site. If they stayed and had to be quiet and not disturb you, they would incur a cost of $300. The park rules specify that whoever arrived first has a right to an undisturbed camping spot. Which of the following outcomes would be consistent with the Coase theorem?
a. You would pay them $250 to move.
b. They would pay you $180 to stay where they are.
c. They would move, as the cost to keep quiet would be more than the cost to move.
d. They would pay you $600 to stay where they are.
Answers
Answer:
C: They would move, as the cost to keep quiet would be more than the cost to move.
Explanation:
Because you hold the property rights, you have the right to an undisturbed campsite. Therefore, there are three possibilities: they can move; they can stay but have to remain quiet; or they can stay, make as much noise as they wish, but have to compensate you for the costs they impose on you. We can eliminate the last solution easily, as paying you $180 would not be enough to compensate you for the $500 cost they would impose on you, and $600 would be more than it would cost them to move or stay and be quiet. Therefore, they either have to move, or they have to stay and be quiet. If they move, they will incur a cost of $200. If they stay and be quiet, they will incur a cost of $300. Therefore, they will move to a different campsite, and you will get your peace and quiet back.
C: They would proceed, as the cost to keep quiet would be more additional than the cost to proceed.
What are the Property Rights?
You can maintain the property rights, you have the right to undisturbed grounds.
Thus, there are three possibilities: they can move; they can stay but have to stay quiet; or they can remain, make as much bluster as they wish, but have to compensate you for the costs then impose on you.
We can eradicate the last solution easily, as paying you $180 would not be enough to compensate you for the $500 cost they would charge you, and $600 would be better than it would cost them to transfer or stay and be quiet.
Thus, they either have to move, or they have to stay and be silent. When they move, they will incur a cost of $200.
If they remain and also be quiet, they will incur a cost of $300.
Hence, they will move to a further campsite, and also you will get your relaxation and also quiet back.
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make a list of the means of obtaining information about foreign employment
Answers
List of the means of obtaining information about foreign employment are:
Notice board.newspapers.electronic media (radio, FM, television etc)websites.public programs.Prospectus.What is foreign employment ?
Going abroad for work or to make money is referred to as foreign employment. People working abroad have been a common occurrence since the dawn of human civilization.
What are the benefits of foreign employment?the benefits of foreign employment are improved self-worth, new life skills, etc., A fresh outlook on life, improved communication abilities.
better proficiency in a foreign language.
a competitive edge over other job seekers.
Boost the size of your professional network.
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If storing raw poultry in the same refrigeration until as ready to eat raw foods where should the poultry be placed ?
Answers
If stored in the same refrigerator, raw poultry should be reserved on the bottom the shelf below any organized or ready-to-eat items.
Where does raw poultry be stored?This stands especially important in warm weather. Raw poultry should be secured in a bowl or on a platter at the bottom of the refrigerator. Your refrigerator temperature should be 38 degrees to 40 degrees F or lower. Store fresh, raw poultry for no more than one to two days.
Ready-to-eat foods exist stored at the top of the fridge, away from raw foods so that dangerous bacteria cannot transfer from the raw food to the cooked food. Raw meat, poultry, and fish in sealed receptacles to contain them from handling or dripping onto other foods.
Hence, If stored in the same refrigerator, raw poultry should be secured on the bottom of the shelf below any scheduled or ready-to-eat items.
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