Receipt of Credit Memo 164 for $1,000 from Boulder Skate Shop for exchange of initially purchased but damaged ski boots
What is discount and types of discount?Discount lowers the product's selling price, making it more enticing to customers. Price decrease influences the buyer's decision to buy through having a psychological impact on them. The two types of discounts available are trade discount and cash discounts.
Why are discounts used?The first step in the client acquisition process is creating awareness and interest, and coupons are a tried-and-true method to do so. Discounts attract customers and frequently spread through phrase, which is a successful strategy for reaching new customers while minimizing customer acquisition costs.
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4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
The multi resource company manufactures two lines of washing machines, regular and deluxe. the contribution margin per unit of a regular model is $110 and for deluxe model is $175. the company has two departments, assembly and testing. the regular model requires 3 hours to assemble, while a deluxe model requires 4 hours. the total time available in assembly is 12,144 hours. in the testing department, it requires 2. 5 hours to test a regular model and 1. 5 hours to test a deluxe model. a total of 6,240 hours of testing time is available. based on this information, the optimum production plan for multi resource is:
Based on this information, the optimum production plan for multi-resource production is 3,036 Deluxe models.
What is the optimum production plan?The optimum production plan is the production plan that yields the highest level of contribution margin per unit of the limited resource.
Data and Calculations:Regular Deluxe Total
Contribution margin per unit $110 $175
Assembly hours 3 4 12,144
Testing hours 2.5 1.5 6,240
Limited resource = Assembly hours
Contribution margin per unit of limited
resource = $36.67 ($110/3) $43.75 ($175/4)
Thus, the optimum production plan is to maximize the contribution margin per unit of the limited resource by producing 3,036 units of the Deluxe Model (12,144/4).
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Consider the following three scenarios:I. ABC Lawncare performed lawn maintenance services for Drake Inc. on June 1st, and received payment of $500 for those services.II. On June 1st, Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc. in 6 months.III. Lodo, LLC collected cash on June 1st for services rendered on May 1st.Given these scenarios, revenue cannot be recognized on June 1st for:
Answer:
Scenario IIScenario IIIExplanation:
The Accrual basis is used in Accounting which means that when it comes to revenue, it can only be recognized in the period that it is earned.
Scenario II cannot be recognized on June 1st because it is for goods to be delivered in 6 months. As the goods have not been delivered, the revenue has not be earned so will not be recognized.
Scenario III cannot be recognized on June 1st as well because it was for work done in May which means that it was earned in May. It is to be recognized as revenue earned in May, not in June.
What is the purpose of the 1040 series of tax forms?
To file an extension for submitting your individual tax returns
To file individual tax returns To file corporate tax returns
To declare that you owe nothing in taxes
Answer:
To file individual tax returns
Explanation:
The IRS 1040 form is a formal document from the IRS that individual taxpayers in the US use to file tax returns. It is a form for filing personal tax returns by US residents. Form 1040 assist an individual in calculating the amount of taxable income. It helps determine the tax amount due or amount of refund to claim from the IRS.
02.01 LC)
Work you do for pay is called a _____.
A. service industry
B. diverse workforce
C. job
D. volunteer job
Culver Inc. has a fiscal year ending April 30. On May 1, 2020, Culver borrowed $10 million at 11% to finance construction of its own building. Repayments of the loan are to begin the month after the building's completion. During the year ended April 30 , 2021, expenditures for the partially completed structure totalled $7 million. These expenditures were incurred evenly throughout the year. Interest that was earned on the part of the loan that was not expended amounted to $482,000 for the year. For situation 3, how much should be shown as capitalized borrowing costs on Culver's financial statements at April 30, 2021? (If an answer is zero, please enter 0 . Do not leave any fields blank.) Capitalized borrowing
Culver Inc. should show $6,572,000 as capitalized borrowing costs on its financial statements at April 30, 2021.
To determine the amount of capitalized borrowing costs on Culver Inc.'s financial statements at April 30, 2021, we need to calculate the weighted average accumulated expenditures.
Weighted Average Accumulated Expenditures = (Expenditures for the partially completed structure * Time-weighted factor)
The time-weighted factor is calculated by dividing the number of months from the start of the fiscal year to the end of the reporting period by 12.
In this case:
Expenditures for the partially completed structure = $7 million
Time-weighted factor = (12 months - 1 month) / 12 = 11/12
Weighted Average Accumulated Expenditures = $7 million * (11/12) = $6.42 million
Next, we need to calculate the actual borrowing costs that can be capitalized.
Actual Borrowing Costs = Interest earned on the loan - Interest that would have been earned on the unexpended loan amount
The interest that would have been earned on the unexpended loan amount can be calculated by multiplying the unexpended loan amount by the borrowing rate.
Unexpended Loan Amount = Total loan amount - Expenditures for the partially completed structure
Total loan amount = $10 million
Expenditures for the partially completed structure = $7 million
Unexpended Loan Amount = $10 million - $7 million
= $3 million
Borrowing Rate = 11%
Interest that would have been earned on the unexpended loan amount = Unexpended Loan Amount × Borrowing Rate
= $3 million × 11% = $330,000
Actual Borrowing Costs = $482,000 - $330,000
= $152,000
Finally, we can calculate the capitalized borrowing costs.
Capitalized Borrowing Costs = Weighted Average Accumulated Expenditures + Actual Borrowing Costs
= $6.42 million + $152,000
= $6,572,000
Therefore, Culver Inc. should show $6,572,000 as capitalized borrowing costs on its financial statements at April 30, 2021.
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PLEASE HELP ASAP!!! I'll MARK BRAINLIEST!! FOR CAREER!!
1. Nara learned about prototyping, feedback, and testing as part of her biomedical engineer career. She is considering changing careers. Could she apply these concepts in a different career? Give one example of how Nara could use prototyping, feedback, and testing in a career.
2. Imagine you’re a human resources manager interviewing applicants for two jobs: IT security specialist and web developer. Could you hire one person to do both jobs? Why or why not? Describe the skills and personal qualities that candidates for each job should have.
3. If you work as a human resources manager, you’ll need a well-developed sense of empathy in order to succeed. How could you explain that part of your job to a new employee? Would empathy be important if you worked in a different career? Explain.
4. General contractors must make decisions based on ethics and safety. What other careers require people to follow safety regulations? Do the regulations protect the public, workers, companies, or a combination of these? How do the regulations compare to the safety guidelines you might follow in your everyday life, such as seat belt rules or lab rules in science class?
5. Helena is considering a new, full-time job at a construction company that’s part of a union. She’d make $20 per hour and earn a salary of about $40,000 per year. The union would charge her two and a half times her hourly wage. So her monthly union dues would be $50. What would her union dues be per year? Would it be worth it? Should she take the job? Explain why or why not.
Yes, Nara may use the ideas of testing, feedback, and prototyping in a different line of work.
What is prototyping?
Design teams experiment with, bring to life, and iterate on ideas through the process of prototyping, which can involve everything from digital designs to paper ideas. A prototype is fundamentally an early rendition of a design that enables users to engage with it or envision it before a finished product is created.
For instance, if Nara decided to pursue a career in software development, she might utilize prototyping to produce early iterations of the program and collect user input to enhance it. The program could then be tested to make sure it functions as intended and any problems could be fixed.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
1. FOR EXAMPLE: TOTAL INCOME = UP
2. TOTAL # OF JOBLESS WORKERS = DOWN
3. DEMAND FOR FACTOR RESOURCES = ___
4. COLLEGE STUDENT ENROLLMENTS = ______
5. GROSS DOMESTIC PRODUCT (GDP) = _____
6. NEW BUSINESSES CREATED = _________
7. PRICES OF CONSUMER GOODS = _______
8. NEW HOMES BUILT = _______
9. AVERAGE HOURLY WAGES = ____
10. DIVORCES IN THE USA = ____
11. MENTAL ILLNESS ISSUES IN THE USA = ___
12. SICK DAYS PER WORKER = ______
13. amount OF CONSUMER DEBT = ______
14. PRIME RATE OF INTEREST = _____
15. NUMBER OF LABOR STRIKES = _____
16. DEMAND FOR IMPORTED GOODS = __
PART 2: = 70% OF YOUR SCORE
NOW, CHOOSE ANY 5 OF THE 16 IMPACT STATEMENTS AND EXPLAIN
WHY YOUR ANSWER IS TRUE…USE ECONOMICS REASONING,
VOCABULARY, PRINCIPLES, QUOTES, HISTORICAL CONNECTIONS, +
OTHER PERSUASIVE W’S OF WHO, WHAT, WHEN, WHERE, WHOM,
HOW, WHY, ETC….
DEMAND FOR FACTOR RESOURCES = UP
A rise in demand for factor resources like labor, capital, and land would result from an increase in overall income and a decline in the number of unemployed employees.Other answers are given in the document attached.
What are the statements about?In terms of question 2, GROSS DOMESTIC PRODUCT (GDP) = UP:
A higher Gross Domestic Product would result from a rise in overall income, demand for factor resources, and newly established firms (GDP). The entire worth of products and services generated inside a nation's borders over a specific time period is measured by the GDP. The economy expands and GDP rises as firms generate more goods and services.As a result, this development may result in greater infrastructure for the nation as well as increased living conditions for individuals. It's crucial to remember that GDP sometimes hides inequality and doesn't necessarily reflect how everyone in the economy is doing.
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real estate agents promoting a new recreational development offer a free breakfast and the opportunity to win a trip to hawaii for attending a short sales promotion meeting. it would appear they are using the persuasion technique. question 19 options: 1) rule of reciprocity 2) low-ball 3) rule of commitment 4) high-ball
The real estate agents promoting a new recreational development offer would appear they are using the rule of reciprocity persuasion technique. Hence option (1) is the answer.
What is the most persuasive technique?People employ persuasion strategies as instruments to sway the thoughts and behavior of others. Persuasion techniques are crucial because they enable marketers to overcome the doubts held by potential customers and win their trust. The first and most important piece of advice for persuading a potential customer is to appear confident and have sufficient knowledge of the product.
When a speaker seems to be comparable to the audience, whether in terms of age, profession, or socioeconomic level, the audience is more receptive to persuasive techniques. Persuasion is the process by which messages from other individuals can affect a person's attitudes or behavior without putting them under pressure.
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Two tech firms face the following payoff matrix as they decide upon the size of their research budget: - Tech Company 2
Large Budget Small Budget
Large Budget $35m $10m $45m $0
Tech Company 1 Small Budget $10m $5m $15m $8m
Where is the Nash equilibrium?
O [Large Budget, Large Budget]
O [Small Budget, Small Budget]
O [Large Budget, Small Budget]
O [Small Budget, Large Budget]
The Nash equilibrium in this payoff matrix is [Small Budget, Small Budget].
In a Nash equilibrium, neither player has an incentive to unilaterally change their strategy given the other player's strategy. In this case, both firms have the highest payoff when they choose the Small Budget strategy, as indicated by the payoffs of $5m for Tech Company 1 and $8m for Tech Company 2. If either firm were to unilaterally change to the Large Budget strategy, they would have a lower payoff compared to staying with the Small Budget strategy. Therefore, the Nash equilibrium occurs when both firms choose the Small Budget strategy. If both firms choose a Large Budget, Tech Company 1 receives $35m and Tech Company 2 receives $45m. However, if both firms choose a Small Budget, Tech Company 1 receives $5m and Tech Company 2 receives $8m. In this case, neither firm has an incentive to deviate from choosing a Small Budget because the payoff is higher than if they were to choose a Large Budget.
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Why are wages and salaries generally determined by the market for labor?
According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.
Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.
Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.
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what is the difference between product value and unique selling proposition?
Answer:
USPs and value propositions often get confused
there under two different umbrella .
Keep in mind that your USP doesn’t have to revolve around a product detail (such as quality, features, or price). It can also call attention to a unique aspect of your business more broadly speaking (service, selection, speed, convenience, dependability, guarantees, customization, philanthropy, and so on).
Value propositions are longer statements than USPs because they express the tangible results or concrete outcomes (“benefits”) a customer experiences from using a company’s products or services. They serve to convince your target market they’ll get “value for their money” by describing exactly what that value is.
ppens
Which of these is not a source of bank credit?
A Credit Card
A Cash Value Loan
A Mortgage
• An Equity Loan
An association needs someone to plan the agenda; work within a budget; select the city or convention site; negotiate contracts; coordinate travel; arrange for all technical, material, and audiovisual needs; and work with vendors for its annual convention. The association is looking for (5 points)
a corporate travel manager
a meeting planner
an event planner
an exhibit designer
An association is likely looking for a meeting planner when its needs someone to plan the agenda, work within a budget, select the city or convention site, negotiate contracts etc. The Option B is correct.
What are the responsibility of meeting planner?The Meeting, Convention, and Event Planner will assess and conceptualize the client's needs and desires for a variety of meetings, conventions, and events, as well as make all necessary arrangements to carry out the client's desired vision and goal.
Professional decisions are made by a meeting planner in all aspects of meeting preparation and presentation. They plan meetings, set meeting objectives, schedule meetings, budget expenses, inspect meeting sites, negotiate with suppliers, and put together a speaker lineup.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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do chip credit cards protect against online purchases
Answer:
Protecting Against Payment Card FraudExplanation:
The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.
Can policy market interventions cause consumer or producer surplus.
Answer:
What government interventions cause consumer or producer surplus?
There are two main economic effects of a tax: a fall in the quantity traded and a diversion of revenue to the government. A tax causes consumer surplus and producer surplus (profit) to fall..
Explanation:
its a tax
The policy market interventions are relying on both the causes' of consumer surplus and producer surplus as main reason in price fluctuation.
What is consumer?
The term “consumer” refers to a person who consumes goods and services. The consumer purchases the products and services with the exchange of money. The consumer is satisfied with the needs and wants. The consumer purchases goods for personal use, not for manufacturing purposes.
Policy market intervention change the market conditions of demand and supply. The prices are simultaneously changed for the same reason that the taxes, price ceiling, subsidies, and price floor are affected by the demand.
So, the price level increases of goods in the surplus are created as a benefit to both the consumer and the producer.
Therefore, the policy market interventions cause on both, they rely on consumer or producer surplus.
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Cory gives his friend money to buy a cheeseburger since he forgot his wallet at home, but expects to be repaid. This represents the financial service of:
The inference is that the financial service represented is lending.
What is financial service?It should be noted that an financial services is the economic services that are provided by an industry.
Here, Cory gives his friend money to buy a cheeseburger since he forgot his wallet at home, but expects to be repaid.
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Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
How has Apple been able to sustain its competitive advantage in the smartphone industry?A. by reducing its network effects B. by targeting its new products and services toward laggards C. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products
The correct answer is D. By regularly introducing incremental improvements in its products.
Explanation:
Apple is a worldwide company that specializes in technology this includes smartphones, computers, smart watches, among others. Besides this, Apple is one of the most powerful and popular companies in this area and this reputation has been preserved for years. One of the factors that make Apple able to sustain its competitive industry is the fact this company is constantly improving its products and launching these to the products. Indeed, every year the company launches new improved versions of smartphones, computers, etc. which is essential because this keeps the interest in consumers.
Which of the following is true concerning the substitution effect of a decrease in price?
a. It will lead to an increase in consumption only for a normal good.
b. It always will lead to an increase in consumption.
c. It will lead to an increase in consumption only for an inferior good.
d. It will lead to an increase in consumption only for a Giffen good.
It always will lead to an increase in consumption is true concerning the substitution effect of a decrease in price. Thus, option b is correct.
The replacement effect is the drop in sales of a product brought on by consumers moving to less costly substitutes when the product's price rises. Although there are many potential causes for a product losing market share, thriftiness is the sole factor that may be reflected in the impact of replacement. Some customers may decide to choose a less costly alternative as a result of a brand's price hike. If beef prices rise, many customers will eat more chicken.
When an item or service's price increases but the buyer's income stays the same, the replacement effect frequently occurs. More than just consumer behavior may reflect this. When faced with a price increase, for instance, a producer may opt to convert to a model created by a foreign manufacturer that is less expensive.
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question content areait would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling it in: a. the long run b. the short run c. both the short run and long run d. neither in the short run nor the long run
In both the short run and long run, it would not be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling it.
In the short run, the selling price should cover both the variable costs and a portion of the fixed costs.This is because in the short run, some costs, such as rent and equipment, are fixed and cannot be adjusted. In the long run, all costs are variable, meaning they can be adjusted. In this case, the selling price should cover both the variable costs and the full costs, including both variable and fixed costs.
Therefore, the correct answer is d. neither in the short run nor the long run.
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A job search should be treated like a full time job.
Please select the best answer from the choices provided
ОТ
OF
Answer:
The answer is True.
Explanation:
Got it correct on Edgen.
Answer:
true
Explanation:
in an entire sales contract, if all the components are interdependent and included in the same order, payment for the contract is not required until the whole order is filled. true false
In an entire sales contract, if all the components are interdependent and included in the same order, payment for the contract is not required until the whole order is filled which is true.
In an entire sales contract where all the components are interdependent and included in the same order, payment for the contract is not required until the whole order is filled. This is because the fulfillment of the entire order is considered essential and necessary for the completion of the contract. Until all the components of the order are delivered or fulfilled, the buyer is not obligated to make payment.
This type of arrangement ensures that both parties are in agreement that the contract will be executed in its entirety before any payment is made. It provides protection to the buyer by ensuring that they will not be required to pay for partial fulfillment or incomplete delivery of the order.
However, it's important to note that the specific terms and conditions of the sales contract may vary, and it's always recommended to carefully review and understand the contractual terms regarding payment obligations and order fulfillment.
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What do you think are the advantages of service business to the community
Answer:
Furthermore, service-based businesses are at an advantage because they can grow into other service offerings. Another critical advantage of service businesses is that they are less susceptible to economic downturns, which can be very common for retail and manufacturing companies.Service industries are an important part of society for a variety of reasons, including: Delivering essential services to the public: Often, service industries provide essential services to the public, such as healthcare, transportation and education.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.
Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.
In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.
Sharpen decision-making skillsIt's wiser to accept the riskForming more positive thoughtsHelp plan a better futureExamples of Opportunity Costs in Daily Life
For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.
The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.
When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.
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Is Cyber Monday the same as Black Friday?
Cyber Monday and Black Friday are not the same in the sense as both these days target the sales of different discount products.
Cyber Monday and Black Friday are both known for the massive sales that are put on retail products on these days. The concept behind both these days is the same as huge discounts are offered on products.
However, the product category for sales is different for both days.
Cyber Monday offers sales on smaller retail products such as small electronic appliances, clothing lines, etc. On the other hand, Black Friday targets bigger items for sales that are valuable such as costly mobile phones.
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Which marketing management philosophy focuses on the question, "what do customers want and need?".
Answer:
Which marketing management philosophy focuses on the question, "What do customers want and need?" -do research on its customers, competitors, and markets. -establish and maintain mutually satisfying relationships with customers.
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69