Putting money into upgrading the plants to lower the reject rates at all of the company's facilities.
The company will not be able to increase its market competitiveness by investing in plant upgrades. It can only possibly reduce the reject rate by 50% in roughly two years. After all of the parts, equipment, and materials have been received, upgrades typically take a year to complete, and it will take another year to determine how the upgrades affect production.
The majority of the footwear industry is made up of brands like Nike, Reebok, Adidas, and Puma. Basketball shoes, running shoes, and soccer shoes are just a few examples of specialized segments of this market where performance is the primary consideration.
However, some customers think fashion is important, which has put the footwear industry in a creative phase where performance and fashion are combined to create a new mix known as the lifestyle division. Because Nike and Adidas compete for mind share, or the attention of consumers, they use marketing strategies like brand ambassadors, product proliferation, and price to their advantage.
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5. The cash in bank account for DX Co. on May 31 of the current year indicated a balance of $13,215.80 after both the cash receipts journal and the check register for May had been posted. The bank statement indicated a balance of $19,513.90 on May 31. Comparison of the bank statement and the accompanying cancelled checks and memorandums with the records revealed the following reconciling items. A.Checks outstanding totaled $7,070.10. B.A deposit of $3,915.20, representing receipts of May 31, had been made too late to appear on the bank statement. C. The bank had collected $3,120 on an interest bearing note left for collection. The face of the note was $3,000. D.A check for $69 returned with the statement had been recorded erroneously in the check register as $96. The check was for payment of an obligation to YX Co. for the purchase of supplies on account. E.A check drawn for $42 had been erroneously charged by the bank as $24. F.Bank service charges for May amounted to $21.80. Instructions: i.Prepare bank reconciliation. ii. Record the necessary entries in general journal form. iii. What is the amount of cash in bank that should appear on the balance sheet as of May 31?
i) The preparation of the bank reconciliation statement is as follows:
Bank Reconciliation Statement:Balance as per bank statement $19,513.90
Less outstanding checks (7,070.10)
Less understated check (18.00)
Add Outstanding Deposits 3,915.20
Balance as per adjusted cash a/c $16,341.00
ii) The recording of the necessary journal entries is as follows:
General journal:Debit Cash $3,120
Credit Notes Receivable $3,000
Credit Interest Revenue $120
Debit Cash $27
Credit Accounts Payable $27
Debit Bank Charges $21.80
Credit Cash $21.80
iii) The amount of cash in bank that should appear on the balance sheet as of May 31 is $16,341.00.
What is the bank reconciliation statement?The bank reconciliation statement is an accounting tool to agree the balance as per the cash book with the bank statement balance.
During the process of bank reconciliation, accounting errors are identified and corrected, and discrepancies are reconciled, making the two balances agree.
Transaction Analysis:Cash in bank balance = $13,215.80
Bank statement balance = $19,513.90
Outstanding Checks = $7,070.10
Outstanding Deposits = $3,915.20
Understated check $18 ($42 - $24)
Cash $3,120 Notes Receivable $3,000 Interest Revenue $120
Cash $27 Accounts Payable $27
Bank Charges $21.80 Cash $21.80
Cash in Bank Account (Adjusted)Ending balance $13,215.80
Note Receivable 3,000.00
Interest Revenue 120.00
Accounts Payable 27.00
Bank charges (21.80)
Adjusted cash balance $16,341.00
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Zach buys a car for $18,900 with 5% interest over 5 years. What is true about this monthly payment loan?
Select the correct answer below:
Zach will pay $4,725 in interest on the loan.
Zach will pay $3,780 each year of his loan.
O Zach will pay $4,725 each year of his loan.
Zach will pay $2,500 in interest on this loan.
Answer:
Zach will pay $4,725 in interest on the loan.
Explanation:
In calculating interest the formula that applies is
I= P x R x T
where I = interest
P = principal amount
R = interest rate
T= time
In the case of Zach
I= $18,900 x 5/100 x 5
I = $18,900 x 0.05 x 5
I =$945 x 5
I =$4,725
Interest for the loan is $4,725
Answer: Zach will pay $2,500 in interest on this loan
Explanation: First, we must calculate Zach's monthly payment.
P=18900⋅ (0.05/12)
________________. = 356.67
1- ( 1 + 0.05/12) ^-60
If the monthly payments are $356.67, then the yearly payback is 356.67⋅12=$4280.04.
And, he will pay that each year for 5 years. So, 4280.04⋅5=$21,400.20 is the total payback amount.
Therefore, Zach will pay 21,400.20−18,900=$2500.20 in interest over the life of the loan.
Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures
Answer:
Explanation:
The Gardner Company, a client of your firm, has come to you with the following problem. It has three clerical employees who must perform the following functions:
a. Maintain the general ledger
b. Maintain the accounts payable ledger
c. Maintain the accounts receivable ledger
d. Prepare checks for signature
e. Maintain the cash disbursements journal
f. Issue credits on returns and allowances
g. Reconcile the bank account
h. Handle and deposit cash receipts
Assuming equal abilities among the three employees, the company asks you to
assign the eight functions to them to maximize internal control. Assume that these employees will perform no accounting functions other than the ones listed.
Answer:
16
Explanation:
lol
HURRY!!!!! !PERSONAL FINANCE! In the New York Stock Exchange, traders are on the floor verbally submitting their offers. What type of stock market is this considered to be?
A. neutral
B. physical
C. virtual
D. rational
Answer: the ANSWER IS B!!!!!!
Explanation:
Answer: B
Explanation:
When is the advisable time to start building or adding to your own professional network?
Question 5 options:
a)
Upon graduation
b)
When you need a job
c)
Whenever you have time
d)
Right now
Answer:
A. Upon Graduation
Four aspects of empowered performance are understanding variation, deciding what to measure, working correctly with data, and using the resulting information appropriately.
a. True
b. False
Answer:
False
Explanation:
when stock is issued in exchange for a noncash asset, the value recorded for the shares issued is best determined by the book value of the noncash asset. the market value of the shares. the par value of the shares. the contributed capital of the shares.
It is expected that the asset's value and the stock's worth are equivalent when stock is issued in exchange for non-cash assets. Take note that the issue price per share is the same as the par value. It is possible to determine the stock's worth, and the land's value is set at the same sum.
What is stock ?All the shares that make up a corporation or company's ownership make up its stock. A single share of stock represents a fractional ownership interest in the company based on the total number of shares.
The amount that shareholders would get if a firm was liquidated and all of its debts were settled is known as the book value of a stock. The difference between a company's total assets and its liabilities is hence its book value.
Thus, It is possible to determine the stock's worth, and the land's value is set at the same sum.
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Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,300 units) $ 233,600 $ 32.00 Variable expenses 146,000 20.00 Contribution margin 87,600 $ 12.00 Fixed expenses 55,300 Net operating income $ 32,300 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 80 units? 2. What would be the revised net operating income per month if the sales volume decreases by 80 units? 3. What would be the revised net operating income per month if the sales volume is 6,300 units?
Answer:
Explanation:
To calculate the revised net operating income if the sales volume increases by 80 units, we need to calculate the contribution margin per unit first:
Contribution margin per unit = (Sales - Variable expenses) / Units sold
= ($233,600 - $146,000) / 7,300 units
= $87,600 / 7,300 units
= $12.00 per unit
The new sales volume will be 7,300 + 80 = 7,380 units.
The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 7,380 units - $20.00 x 7,380 units) - $55,300
= $235,560 - $147,600 - $55,300
= $32,660
Therefore, the revised net operating income per month if the sales volume increases by 80 units is $32,660.
To calculate the revised net operating income if the sales volume decreases by 80 units, we can use the same approach as in part (1). The new sales volume will be 7,300 - 80 = 7,220 units. The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 7,220 units - $20.00 x 7,220 units) - $55,300
= $230,240 - $144,400 - $55,300
= $30,540
Therefore, the revised net operating income per month if the sales volume decreases by 80 units is $30,540.
To calculate the revised net operating income if the sales volume is 6,300 units, we can use the same contribution margin per unit as in part (1):
Contribution margin per unit = $12.00 per unit
The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 6,300 units - $20.00 x 6,300 units) - $55,300
= $201,600 - $126,000 - $55,300
= $20,300
Therefore, the revised net operating income per month if the sales volume is 6,300 units is $20,300.
When using the Search bar, which one of the following can you use to search for the item?
Answer:
Open your web browser.
Type your query in the search bar. ...
Press Enter on your keyboard Enter your search string in the text box. ...
Run the search.
Hope I am right... I didn't quite understand the question so please forgive me if I am wrong.
Explanation:
Explaining your business partner has decided he wants to merge your business-healthy foods-with former competitor beta burger. He’s told you about the advantages, but you’ve got your doubts. What possible disadvantages about the merger would you explain to your partner before you both make your decision?
Prior to deciding upon a merger with Beta Burger, certain potential drawbacks should be examined:
What possible disadvantages about the merger would you explain to your partner before you both make your decision?Brand Misrepresentation: Merging with a formerrival could bewilder patrons regarding the values of your business. They may possibly associate it with cheap fast-food outlets, conversely deterring those desirous of eating healthy meals.
Cultural Contradiction: Should the cultures at both companies be contrary in nature, it could result in arguments and an absence of collaboration among workers from either side. This discord could then have an adverse impact on morale and productivity for the staff.
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Which Thomas says generic action options for managing diversity is most illustrated in the case?
The person in history named Thomas who is often associated with discussing generic action options for managing diversity is Thomas Roosevelt. He was an American sociologist and advocate for civil rights who emphasized the importance of promoting diversity and equal treatment in society. However, please note that without further context or specific information about a case, it is difficult to provide a more precise answer.
Suppose that China is a small country of peanuts import, and the demand and supply of peanuts are as follows:
D=400-10P, S=50+5P,
The price of peanuts in the international market is set at USD 10. Please use figures and figures to illustrate the following problems:
(1) Under the free trade, China's peanuts production and import and export volume, the impact of free trade on domestic consumption and the welfare of manufacturers.
(2) China has imposed an quote limit of 200 units for peanuts import, the production and trade volume of domestic peanuts, and the welfare changes of consumers and manufacturers compared with free trade.
1. a. Under free trade, China's peanuts domestic production will be 100 units (50 + 5 x 10).
b. Under free trade, China's peanuts import will be 200 units (300 - 100).
c. Under free trade, China's peanuts export will be negative 200 units (100 - 300).
d. Free trade ensures that domestic consumption is met because domestic manufacturers will produce 100 units while the remaining 200 units demanded by consumers will be met through imports.
2. a. With a quota limit of 200 units for peanuts import, peanuts production will still be 100 units (50 + 5 x 10).
b. Under the quota limit, China's peanuts import will be 200 units (300 - 100) since internal production is not more than 100 units.
c. Under the quota limit, China's peanuts export will be zero units.
d. The quota limit will still ensure that domestic consumption is met because the quota of 200 units plus 100 units of internal production will meet domestic demand for 300 units.
What are Free Trade and Quota?Free trade implies the absence of any government-imposed limits on imports and exports. On the other hand, quota refers to the trade restriction imposed by governments.
Data and Calculations:D = 400 - 10P
S = 50 + 5P
Where:
D = Demand
S = Domestic Supply
P = Price
Price = $10
a. The quantity demanded will be 300 units (400 - 10 x 10).
b. The quantity supplied (domestically) will be 100 units (50 + 5 x 10).
c. The import quantity will be 200 units (300 - 100).
c. Quota imposed on imports of peanuts = 200 units
Thus, there will be no changes in the welfare of consumers and manufacturers under the quota limit compared with free trade because the quota meets domestic demand.
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what is the relative worth of goods
Relative Value in Consumption is measured as the relative cost of the amount of goods and services such as food, shelter, clothing, etc., that an average household would buy. Historically this bundle has become larger as households have bought more over time.
Why Is It Important To Evaluate Trade Offs And Opportunity Cost When Making Choices? Please Help Porfas
what is the tragedy of the commons?
a. economic loss of individuality
b. overuse of shared resources
c. hoarding of public resources
d. when a boss only drops common loot and no rare drops
Competition happens when two or more businesses
complement one another.
fight for the same benefit or gain.
work together to achieve success.
follow regulations from an agency.
Answer:
fight for the same benefit or gain
Explanation:
For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.
For example, they may differentiate their products or give discounts in order to attract customers and so increase profits
Answer:
The correct answer would be B.) fight for the same benefit or gain.
Explanation:
Hope this Helps yall.
How jse reported the negative impact of the coronavirus on the economic conditions
Answer:
C
Explanation:
sorry if im wrong tried my best
As a corporation, you want to distribute money to shareholders as a dividend. If the dividend is taxed at a rate of 20% and the dividend is $1 per share, how much money will a shareholder of 10,000 shares get after-tax? a) $8,000 b) $8,250 c) $8,400 d) $9,000
Answer:
a) $8,000
Explanation:
The tax rate is 20% of the dividend. If the dividend is $1 per share, the actual tax per share is 20 percent of $1.
=20/100 x $1
=0.2 x$1
=20cents per share
A shareholder will receive $1- 20 cents as dividends per share
=80 cents or $0.80 per share.
A shareholder with 10,000 shares will get
=10,000 x $.80
=$8,000
Answer:
$8000
Explanation:
Discuss the effect of diversification in the portfolio to the risk return of the investment.
Diversification reduces the risk of an investment portfolio by spreading investments across different assets and can stabilize returns, leading to a more balanced risk-return profile.
Diversification is an investment strategy aimed at reducing risk by spreading investments across different assets. The theory behind diversification is that by investing in a range of assets, the investor can reduce the risk associated with any single asset.
Diversification can help to mitigate risk and stabilize returns by reducing the impact of market volatility on the portfolio. By investing in assets that are not highly correlated, the portfolio is less likely to be affected by sharp declines in any one asset class. This helps to reduce the risk of the portfolio and create a more stable investment return over the long term.
However, diversification is not a guarantee against loss, and some investments may still suffer losses. It is important to balance the level of diversification in the portfolio with the investment objectives, risk tolerance, and other factors.
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1. Consider the market for compact discs. Suppose the following are the demand and supply
functions for compact discs.
Qa= 150 - 5P
Qs = 17 + 2P
a. Calculate the equilibrium price and equilibrium quantity.
b. What would happen if compact disc sellers priced compact discs at $20.00 per CD?
Answer:
a. The equilibrium price is $19 and the equilibrium quantity is 55 units.
b. The quantity will be 50 units at $20 price.
Explanation:
Given the demand function, Qa= 150 - 5P
The supply function, Qs = 17 + 2P
At the equilibrium point, the demand is equal to supply.
Demand = Supply
Qa = Qs
150 – 5P = 17 + 2P
150 – 17 = 2P+5P
133 = 7P
P = 19
Now insert P = 19 in Qa= 150 - 5P
Qa= 150 – 5(19)
Qa = 55
The equilibrium price is $19 and the equilibrium quantity is 55 units.
b. If the price is $20 then the quantity will be:
Qa= 150 - 5P
Qa= 150 – 5(20)
Qa = 50 units
The quantity will be 50 units at $20 price.
Help !! I’ll mark the best one
Which of the following items are not included in working capital?
Accounts payable, accumulated salaries, and notes payable are the items that make up current liabilities.As non-current assets, fixed assets are held for the long term in order to produce revenue.When calculating a business's working capital, they are not taken into account.
What things go under working capital?
Working capital, which includes inventory, cash, accounts payable, accounts receivable, and short-term debt, reflects a company's ability to manage daily expenses.It serves as a gauge of both an organization's overall effectiveness and short-term financial position. A well-run company manages its working capital, which is made up of inventories, accounts receivable, accounts payable, and cash, to control its short-term debt as well as its ongoing operational costs. The balance sheet of a corporation contains all of the working capital components, even if a company may not need all of the components described below.For instance, a service provider that does not maintain inventory will omit inventory from its working capital calculation entirely.Cash, accounts receivable, inventory, and other assets that are anticipated to be sold or converted into cash in less than a year are listed under current assets.Accounts payable, wages, taxes owed, and the current portion of long-term debt that is due within a year are all examples of current liabilities. The difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods—and its current liabilities—such as debts and accounts payable—is known as working capital, sometimes known as net working capital (NWC).It's a frequently employed metric to assess an organization's immediate health. Working capital, often known as net working capital, is the distinction between current assets and current liabilities for a business.A company's working capital is a gauge of its liquidity and immediate financial stability.If a company's current assets to liabilities ratio is lower than one, it has negative working capital.A corporation that has sufficient working capital is able to finance both its ongoing operations and its expansion plans.It's not always a good thing to have a high working capital.It can mean that the company has too much inventory, isn't spending its extra income, or isn't taking advantage of opportunities for low-cost debt. Estimates of working capital are based on the variety of assets and liabilities on a company's balance sheet.A corporation can better comprehend what kind of liquidity it will have in the near future by focusing just on current debts and offsetting them with the most liquid assets.Working capital is another indicator of a business's operational effectiveness and immediate financial stability.A corporation may have the ability to invest in growth and expansion if it has a sizable positive NWC.A corporation may struggle to expand or repay creditors if its current assets do not surpass its current liabilities.It may even file for bankruptcy.To learn more about working capital refer
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Revise the following sentences to avoid confusing jargon, slang, and wordings.
1. If you refer back to our five year plan, you will see that there are provisions for preventing blowing the budget.
The revised sentence is "If you review our five-year plan, you will notice that there are measures in place to prevent exceeding the budget.
Why is revision of sentences important?Sentence revision is important because it ensures clarity and effective communication.
By avoiding confusing jargon, slang, and wordings, revised sentences are easier to understand by a wider audience.
Clear and concise language helps convey ideas accurately and reduces the risk of misinterpretation or confusion.
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Who Is Lil Loaded i want to know
Answer:
search it up
Explanation:
Answer:
he is a rapper dude. search it up
Explanation:
Why would the Lana Limited Corporation decide to issue stocks?
Many families cannot afford to travel to distant places, so the " staycation has become popular People on a staycation make short trips to nearby places, but they go back home to sleep. How might a hotel attract local people who are staycationing?
Answer:
The first thing is to categorize target customer to either by Sex, group age.social status.etc..
econdly,it to identify preferred offer that suite each category
Thirdly ,Create different offer at different seasonal or Holiday to attract local people.
fourthly,improve the indoor design and the outlook of the premises.
Explanation:.
The best way is to Capture target customer and provide essential services that makes them ask for more
Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The lender agrees to lending at a fixed 3.85% interest rate during the loan period. What is the total cost of Mary's student loan?
Answer:
$ 9,304.99
Explanation:
The applicable formula is
A = P x (1 + r)^n
where A is the amount after 4 years
P is principal amount $8000
r is interest rate = 3.85% or 0.0385
n = number of periods: 4
A = $8000 x ( 1 + 0.0385) ^4
A = $8000 x (1.0385)^4
A = $8000 x 1.163123
A =$9,304.99
what is business management?
Answer:
Business management is they managing the coordination and organization of business activity.
Explanation:
Business management is the charging of planning, organizing, directing and controlling the resource of the business meet the objectives of the policy.
Business management they include the production of money, materials and involves both innovation and marketing.Business management directors they responsibility and power to look over an enterprise and make decisions.Business management functions include the organizing, planning, staffing,leading and controlling an organization.Management is necessary to facilitate a united effort toward achieving the company goals.Business management they provide a foundation for the both strategic business as any associated management activity.Business management system is to give management the tool for their activity and measure the performance of a business.Business management are defined activity the business standards that identified in the company policies.Business management should be executed on the time frames that are in the document for the business management strategy.00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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