You are a communication designer for a design company. Your team is working on a project designing an interior office space for an information technology company in New York City. The project is well underway, and your team has been working together for three months now. Formal leadership is no longer necessary because everyone is taking on leadership functions related to their roles. Your part of the project requires you to identify the communication needs of the client and to incorporate those needs into the design plans. In this case, the client needs wireless Internet access and a local intranet throughout the interior. You’ve already spoken to the supplier. Now you’ll need to talk to the teammate overseeing the building to make sure the contractor can handle the job. The two of you agree to meet with the contractor together. After meeting with the contractor, you report back to the rest of the team and smoothly adjust the project plan to accommodate the new information.
Norming
Answer choices:
Performing
Norming
Forming
Storming
Answers
This is incomplete because the question is missing, here is the missing question and options:
Which phase of team development does this situation describe?
A. Performing
B. Norming
C. Forming
D. Storming
The answer to this question is B. Norming
Explanation:
In team development, norming is the third stage in the process of creating a team and making its members work together. This stage occurs after members have known each other (forming) and had solved their problems (storming). Due to this, during this stage members are able to work together and there are clear roles, which facilitates communication and adaptation. This stage is the one described because roles have been defined "everyone is taking on leadership functions related to their roles" and it seems the integration after three months facilitates communication and changes "report back to the rest of the team and smoothly adjust the project plan."
Related Questions
FAST I NEED HELP WILL MARK BRAINLIEST
The end of the pandemic that gripped the country and most of the world the
last three years has fueled extraordinary economic activity.
The economy grew at an annual rate of nearly 9% last quarter, making it a
full year that the American economy has grown at a clip higher than 8%.
We learned today that the economy added 550,000 jobs last month,
bringing the unemployment rate down to 2.7%; that is the lowest
unemployment rate recorded since World War II. Soaring home prices and
a churning stock market have consumers and businesses ready to spend,
though analysts fear all that spending may be more than the economy can
handle; the CPI rose 9.7% last month over the same month a year ago,
and there are fears that the CPI will increase by double digits this month.
President Sally Jenkins took credit for the positive economic numbers,
crediting her administrations $1 trillion tax cut last year; the president also
pledged to carry on with plans for $1 trillion in spending on both defense
and a national child care program; she did not comment on the CPI
numbers. Fed Chairman Hal Kubrick did make note of the CPI, calling the
trend “alarming” and promising to help Americans with rising prices by
keeping interest rates near zero.
5. Evaluate the comments by President Sally Jenkins. Does she correctly understand what the economy needs? Why or why not?
6. Evaluate the comments by Fed Chairman Hal Kubrick. Does he correctly understand what the economy needs? Why or why not?
Answers
Yes, the Fed Chairman understands the need for keeping interest rates of unemployment low to help Americans with rising prices.
President Sally Jenkins might be assuming acknowledgment for the positive monetary numbers, yet it isn't altogether clear on the off chance that she comprehends what the economy needs.
The $1 trillion tax break last year might have added to monetary development, yet her arrangements for additional spending on both safeguard and a public kid care program could overwhelm the economy.
Furthermore, the taking off home costs and agitating financial exchange may not be manageable, and the apprehensions of twofold digit expansions in the CPI demonstrate that the economy will be unable to deal with all the spending.
In this way, it is problematic whether the president's arrangements are in accordance with the requirements of the economy.Then again, Took care of Director Hal Kubrick's remarks show that he has a superior comprehension of the economy's necessities.
The disturbing pattern of rising CPI and the anxiety toward twofold digit increments require a cautious adjusting of loan costs to assist Americans with adapting to rising costs.
Keeping financing costs close to zero might assist with facilitating the weight on shoppers, and this shows that the Fed Administrator is centered around resolving the squeezing monetary issues.
Subsequently, Kubrick's remarks demonstrate that he has a superior handle of the ongoing monetary circumstance and what the economy needs to keep on developing economically.
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If Mexico exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending drop if their MPC is 0.8?
Answers
Answer:
\(14 \times 0.8 = (11.2\)
Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year
Answers
Answer:
Hdhdi
Explanation:
Which of the following is true of developing a market niche based on any legal category
(e.g., farming or prospecting a specific area)?
It's an example of a tie-in arrangement and is an antitrust violation.
It's an example of group boycotting and is an antitrust violation.
It's an example of market allocation and is an antitrust violation.
It's permissible.
Answers
Based on the available options and the market niche concept the true statement is
It's permissible. (It's an example of market allocation and is an antitrust violation.)
What is Market Niche?Market Niche is a term that is used to describe the subset of the market on which a specific product is focused.
Generally, the term market niche specifies the product features aimed at satisfying specific market needs, as well as the price range, production quality, and demographics that it is planned to target.
Given that the market niche, in this case, is based on farming or prospecting a specific area, it is considered permissible because it is an example of market allocation and is an antitrust violation.
Hence, in this case, it is concluded that the correct answer is options C and D.
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Sophia provides you with a list of business transactions that occurred during the year. You must use these transactions to demonstrate the first four steps in the accounting cycle: analyzing each transaction, using double entry accounting to record these transactions in the general journal, and posting them to their respective accounts. Finally, you prepare a trial balance, the fourth step in the accounting cycle, which ensures that the first three steps in the accounting cycle have been completed currently.
A. The Sisters invest $15,000 in cash in Happy Home Environmental Cleaning (HHEC)
B. HHEC buys a building for $10,000 in cash.
C. HHEC buys office equipment for $1,800 for cash.
D. HHEC buys cleaning supplies for $2,800, agreeing to pay the upplier in 30 days.
E. HHEC earns cleaning revenues of $16,460 in cash.
F. HHEC earns cleaning revenues of $2,200 on account.
G. HHEc paid the following expenses in cash:
Wages $4275
Utilities $985
Miscellaneous $195
H. HHEC pays $950 in cash to creditors on account.
I. HHEC purchases a two year insurance policy for $2,400 in cash
J. At the end of the year, the cost of cleaning supplies on hand is $2040.
K. The sisters withdrew $2,000 in cash.
Answers
Answer:
Happy Home Environmental Cleaning
Demonstration of the first four steps in accounting cycle:
1) Analyzing each transaction:
A) Cash + $15,000 and Owners' Equity + $15,000
B) Building + $10,000 and Cash -$10,000
C) Office Equipment + $1,800 and Cash - $1,800
D) Cleaning Supplies + $2,800 and Accounts Payable + $2,800
E) Cash + $16,460 and Equity (Retained Earnings) + $16,460
F) Accounts Receivable + $2,200 and Equity (Retained Earnings) + $2,200
G) Cash - Wages $4,275, Utilities $985, Miscellaneous $195 and Equity (Retained Earnings) - $4,275, $985, $195
H) Cash - $950 and Liabilities - $950
I) Cash - $2,400, Prepaid Insurance + $1,200, and Equity (Retained Earnings) - $1,200
J) Cleaning Supplies -$760 and Equity (Retained Earnings) - $760
K) Cash - $2,000 and Equity - $2,000
2) Using double entry accounting to record transactions in the general journal:
A) Debit Cash Account $15,000
Credit Owners' Equity $15,000
To record capital contributed to the business.
B) Debit Building $10,000
Credit Cash Account $10,000
To record purchase of building.
C) Debit Office Equipment $1,800
Credit Cash Account $1,800
To record purchase of office equipment.
D) Debit Cleaning Supplies $2,800
Credit Accounts Payable $2,800
To record purchase of cleaning supplies on account.
E) Debit Cash $16,460
Credit Service Revenue $16,460
To record cash sales of services.
F) Debit Accounts Receivable $2,200
Credit Service Revenue $2,200
To record sale of services on account.
G) Debit Wages $4,275
Debit Utilities $985
Debit Miscellaneous $195
Credit Cash Account $5,455
To record payment of expenses.
H) Debit Accounts Payable $950
Credit Cash Account $950
To record payment on account.
I) Debit Prepaid Insurance $2,400
Credit Cash $12,400
To record insurance prepaid.
I) Debit Insurance Expense $1,200
Credit Prepaid Insurance $1,200
To record insurance expense for the period.
J) Debit Cleaning Supplies Expense $760
Credit Cleaning Supplies $760
K) Debit Drawings Account $2,000
Credit Cash Account $2,000
To record cash drawings.
3) Posting transactions to the Ledger accounts:
Debit Credit Balance
Cash Account:
Owners' Equity 15,000 15,000
Building 10,000 5,000
Office Equipment 1,800 3,200
Service Revenue 16,460 19,660
Wages 4,275 15,385
Utilities 985 14,400
Miscellaneous 195 14,205
Accounts Payable 950 13,255
Prepaid Insurance 2,400 10,855
Drawings 2,000 8,855
Debit Credit Balance
Owners' Equity:
Cash 15,000 15,000
Debit Credit Balance
Service Revenue Account:
Cash 16,460 16,460
Accounts Receivable 2,200 18,460
Debit Credit Balance
Building Account:
Cash 10,000 10,000
Debit Credit Balance
Office Equipment Account:
Cash 1,800 1,800
Debit Credit Balance
Wages Expense:
Cash 4,275 4,275
Debit Credit Balance
Utilities Expense:
Cash 985 985
Debit Credit Balance
Miscellaneous Expense:
Cash 195 195
Debit Credit Balance
Cleaning Supplies:
Accounts Payable 2,800 2,800
Cleaning Supplies Expense 760 2,040
Debit Credit Balance
Cleaning Supplies Expense:
Cleaning Supplies 760 760
Debit Credit Balance
Accounts Payable:
Cleaning Supplies 2,800 2,800
Cash 950 1,850
Debit Credit Balance
Prepaid Insurance:
Cash 2,400 2,400
Insurance Expense 1,200 1,200
Debit Credit Balance
Insurance Expense:
Prepaid Insurance 1,200 1,200
Debit Credit Balance
Drawing Account:
Cash 2,000 2,000
4) Preparation of a Trial Balance:
Debit Credit
Cash $8,855
Owners' Equity $15,000
Building 10,000
Office Equipment 1,800
Cleaning Supplies 2,040
Cleaning Supplies Expense 760
Accounts Payable 1,850
Service Revenue 18,660
Accounts Receivable 2,200
Prepaid Insurance 1,200
Insurance Expense 1,200
Wages 4,275
Utilities 985
Miscellaneous 195
Drawings 2,000
Total $35,510 $35,510
Explanation:
The steps in the accounting cycle are:
a) Analyzing each transaction from source documents, e.g. from Sales Invoice. This shows the accounts affected and even the effect of the transaction on the accounting equation.
b) Journal Entries: This involves using the doubt entry system of accounting to record transactions in the general journal. This is the first accounting record. It shows the accounts to be debited and the ones to be credited in the General Ledger.
c) General Ledger: Each transaction is posted to their respective accounts in the ledger, depending on journal entries. Usually, two accounts are affected by each transaction, just like in the journal.
d) The fourth step is the extraction of a Trial Balance. This is an accounting tool for checking that the first three steps have been completely and correctly followed.
Which of these statements about a VA appraisal is false? A CRV is valid for nine months on existing property. The appraisal must be done by a VA certified appraiser. The appraisal is called a Certificate of Reasonable Value. A veteran may pay more for a property than the CRV value.
Answers
Answer:
A CRV is valid for nine months on existing property.
Explanation:
The Department of Veterans Affairs usually grants mortgage loans to veterans. Before the loan is given an appraisal must be undertaken by a certified VA appraiser.
After appraisal a Certificate of Reasonable Value (CRV) is issued.
The CRV has a validity of 180 days (that is 6 months).
That means for this period the appraised value will remain the same even if there are adjustments in the contract terms.
So it's false that validity period of CRV is 9 months
When drafting an end-of-year summary report to her supervisor about the status and sales of the restaurant's newest pizza, Diane omits details about negative customer feedback. By only reporting positive feedback, which barrier of effective communication is she using?
A) deceptive tactics
B) perceptual differences
C) distractions
D) information overload
Answers
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance, were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The mean square error (MSE) was 3.36. The following table summarized the results:
Utilities Banking Insurance
Number Sampled 5 5 6
Mean Annual Dividend Rate 11.62 15.4 17.4
Based on the comparison between the mean annual dividend rate for companies in utilities and banking, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This result indicates that _______.
Multiple Choice
A. the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry
B. the annual dividend rate in the banking industry is significantly less than the annual dividend rate in the utilities industry
C. there is no significant difference between the two rates
D. the interval contains a difference of 5.00
Answers
Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.
A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.
In this case, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.
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Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. (Let x1 be the number of tons of fuel additive produced, x2 be the number of tons of solvent base produced, dpi be the deviation variable which exceeds the value of goal i, and dni be the deviation variable which is less than the value of goal i, for i = 1, 2.)
Answers
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals.
What is goal programming model seeks?Goal programming is a type of mathematical optimization technique that is used to optimize a set of goals or objectives. It is especially useful in situations where multiple objectives are present, as it allows a decision maker to optimize the objectives while taking into account the interactions between them.
Goal Programming Model:
Maximize z = 0.5(dP1 + dP2)
Subject to:
x1 + x2 ≤ 100 (amount of material available)
x1 ≥ 10 (amount of fuel additive required)
x2 ≥ 10 (amount of solvent base required)
dP1 ≥ (x1 + 2x2) - 160 (priority level 1 goal; profit)
dP2 ≥ (x1-x2) - 20 (priority level 2 goal; quality)
dN1 ≤ 160 - (x1 + 2x2)
dN2 ≤ 20 - (x1-x2)
x1, x2, dP1, dP2, dN1, dN2 ≥ 0
The goal programming model seeks to maximize the sum of the deviations from the two priority level goals, while satisfying the constraints of the amount of material available.
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b) Find the standard deviation and the coefficient of variation of the following data. 25 Marks Interval Frequency Interval Frequency 3.00-3.25 6 4.00-4.25 47 3.25-3.50 19 4.25-4.50 29 3.50-3.75 35 4.50-4.75 15 3.75-4.00 44 4.75-5.00 5
Answers
The standard deviation is 0.4182 and the coefficient of variation is 10.5%.
Given the following data Interval Frequency 3.00-3.25 64.00-4.25 473.25-3.50 194.25-4.50 293.50-3.75 354.50-4.75 153.75-4.00 445.00-4.75 5 The formula for finding the standard deviation is:\($$ \sigma =\sqrt{ \frac{\sum f(x-\overline{x})^2}{N}} $$\)
The table below shows the calculation; Interval \($X$ Midpoint ($X_i$)\) Frequency \(($f$) $x-\bar{x}$ $f(x-\bar{x})$ $(x-\bar{x})^2$ $f(x-\bar{x})^2\)
$3.00-3.25 3.125 6 -0.725 -4.35 0.525625 3.153.25-3.50 3.375 19 -0.475 -9.025 0.225625 4.279.50-3.75 3.625 35 -0.225 -7.875 0.050625 1.773.75-4.00 3.875 44 0.025 1.1 0.000625 0.274.00-4.25 4.125 47 0.275 12.925 0.075625 3.554.25-4.50 4.375 29 0.525 15.225 0.275625 7.994.50-4.75 4.625 15 0.775 11.625 0.600625 9.01.75-4.00 4.875 5 1.025 5.125 1.050625 5.25 \($\sum f=200$ $\sum f(x-\bar{x})= 3.15$ $\sum f(x-\bar{x})^2= 35.01$\)
The variance is: \($ \sigma^2 =\frac{\sum f(x-\overline{x})^2}{N} $$\sigma^2=\frac{35.01}{200}=0.1751$\)
Therefore, the standard deviation is: \($$ \sigma=\sqrt{ \sigma^2} $$$ \sigma=\sqrt{ 0.1751}=0.4182$\)
The formula for finding the coefficient of variation is:$$ C.V = \(\frac{\sigma}{\overline{x}} \times 100\% $$\)
The coefficient of variation is:$$ C.V = \(\frac{0.4182}{3.985} \times 100\% $$$C.V = 10.5\%$\)
Therefore, the standard deviation is 0.4182 and the coefficient of variation is 10.5%.
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Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000). May 5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,000) to Macy Company under credit terms 2/10, n/60. The goods cost Allied $15,000. May 7 Macy returns 125 units because they did not fit the customer’s needs (invoice amount: $1,750). Allied restores the units, which cost $1,250, to its inventory. May 8 Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for $300 to compensate for the damage. May 15 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Prepare the appropriate journal entries for Macy Company to record each of the May transactions. Macy is a retailer that uses the gross method and a perpetual inventory system; it purchases these units for resale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
78,250 will be the total of the journal entry that will be made of the Allied Merchandisers.
What is a journal entry?All budget management is documented in journal entries. Any trading performance that has an effect on the firm is a purchase, in the broadest sense.
3 May
Merchandise inventory $20,000
Cash $20,000
5 May
Accounts receivable – Macy Co. 21,000
Sales revenue 21,000
Cost of goods sold 15,000
Merchandise inventory 15,000
7 May
Sales return and allowance 1,750
Accounts receivable1,750
Merchandise inventory 1,250
Cost of goods sold 1,250
8 May
Sales return and allowance 300
Accounts receivable 300
15 May
Cash 18,571
Discount allowed 379
Accounts receivable 18,950
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The question is incomplete, Complete question is:
Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products. Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gross method. (Allied estimates returns using an adjusting entry at each year-end.)
May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000).
5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,000) to Macy Co. under credit terms 2∕10, n∕60. The goods cost Allied $15,000.
7 Macy returns 125 units because they did not fit the customer’s needs (invoice amount: $1,750). Allied restores the units, which cost $1,250, to its inventory.
8 Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $300 toward the original invoice amount to compensate for the damage.
15 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount.
Hussain has a basic health insurance policy with the following specifications: $4,000 out-of-pocket maximum 10% co-insurance $1,000 deductible $25 primary care co-pay (in-network doctor) $40 specialist co-pay (with referral) How much of each of the following heath care expenses will Hussain have to pay? Assume each expense is his only medical expense during a year. $250 for an annual checkup $5,000 emergency room bill for treatment of an injury $450 to see an orthopedic specialist with a referral from his doctor $100,000 for emergency hospitalization $3,000 for dental surgery
Answers
The amount of the $3,650 will be the heath care expenses that Hussain have to pay.
What is a basic health insurance policy?This is a health benefits usually for low-income residents who are eligible to purchase coverage through the Health Insurance Marketplace.
This policy does not cover all the coverage under a standard health insurance policy.
The coverage of the basic health insurance policy only includes $5,000 emergency room bill for treatment of an injury and $100,000 for emergency hospitalization.
Hence, he wiil pay for $250 for an annual checkup, $450 to see an orthopedic specialist with a referral from his doctor, $3,000 for dental surgery.
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Visits to national parks inspire people to plan another trip, to tell their friends, and often, to ask how they can help. We love that! . . . When you get involved, you help ensure that national parks and programs are relevant. Your ideas add strength to the work we do everyday to preserve special places and stories.
Which is the author’s purpose for writing this passage?
to inform
to persuade
to entertain
to reflect
Answers
Answer: To persuade
Explanation:
Answer:
is B
Explanation:edge 2021
Which of the following types of contracts does not fall within the statute of frauds? Select one: A. Contracts not performed within six months B. Contracts for the sale of goods totaling more than $500 C. Contracts for one party to pay the debt of another party if the initial party fails to pay D. Promises made in consideration of marriage E. Agreements related to an interest in land
Answers
Answer:
Correct Answer:
C. Contracts for one party to pay the debt of another party if the initial party fails to pay
Explanation:
In a business setting which exist between two parties, when there is a renegation of agreement between the parties involved by one person, then there is consequences. In a situation where the renegation of agreement was deliberate, then, fraud is said to have occurred.
Option C does not fall within the statue of fraud.
The type of contract that does not fall within the statute of fraud is when the one part agrees to pay the debt of another party.
The following are the situations where the fraud could have existed:
Contract not performed for six months. The sale of goods is more than $500.The promise is made for marriage. Agreements are to be done for land.Therefore we can conclude that the type of contract that does not fall within the statute of fraud is when the one part agrees to pay the debt of another party.
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1.14 When the wages per worker in the metal-working industry increases, the supply curve of
steel will shift to the right.
[1] True
[2] False
Answers
Answer:
false it will shift to the left
Once a company puts the time and resources into determining the best product/service mix, there is no reason to change it. True or false
Answers
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GUYS PLEASE HELP, ILL GIVE BRAINLIEST
List 5 ways Chapter 7 and Chapter 13 Bankruptcies are similar:
Answers
Answer:
Explanation:
While Chapter 7 eliminates your debts while Chapter 13 restructures them, you will be able to enjoy something called an “automatic stay” when you file either. This stay means that your creditors are unable to contact you about recovering existing debts while the order is in place, and can be penalized by the courts if they violate the stay. In addition, this stay will put a halt to any wage garnishing that you have been subject to, meaning that you will be able to retain all of your earnings during this time.
Harrison Hardware just purchased 3 new cash registers. Each cash register cost $1,800 and has an estimated
life of 5 years. The trade-in value of each cash register is expected to be $100 at the end of 5 years. Using the
straight-line method, what is the annual depreciation for all three cash registers?
Answers
The annual depreciation for all three cash registers is $1,020. The total amount of depreciation expenses attributed to a specific asset since the asset was used is known as accumulated depreciation.
It is a contra asset account, meaning that the amount in the asset account to which it is often linked is offset by the balance in the counter asset account.
The same amount that is credited to the accumulated depreciation account whenever a company records depreciation expenses allows the company to show both the asset's cost and total depreciation. Additionally, this displays the asset's net book value on the balance sheet.
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Chapter 1 Assignment: Accounting in Business i
10
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
Part 4 of 4
4 4
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,310
exchange for its common stock to launch the business. On December 31, the company's records show the
and amounts.
10
points
Cash
Accounts receivable
Office supplies
Office equipment
Land
Accounts payable
Common stock
$ 10, 200 Cash dividends
15,200 Consulting revenue
3,550 Rent expense
18,310 Salaries expense
45,990 Telephone expense
8,740 Miscellaneous expenses
84,310
$ 2,340
15,200
3,910
7,350
790
610
eBook
Hint
Print
Exercise 1-21 (Algo) Preparing a statement of cash flows LO P2
References
Also assume the following:
a. The owner's initial investment consists of $38,320 cash and $45,990 in land in exchange for its common stoc
b. The company's $18,310 equipment purchase is paid in cash.
c. Cash paid to employees is $2,160. The accounts payable balance of $8,740 consists of the $3,550 office supp
$5,190 in employee salaries yet to be paid.
d. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash.
e. No cash has yet been collected on the $15,200 consulting revenue earned.
Using the above information prepare a December statement of cash flows for Ernst Consulting. (Cash outflows
by a minus sign.)
ERNST CONSULTING
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10
of 10
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Graw
Hill
BI
99+
o
Answers
The statement of cash flows for Ernst Consulting for the month of December is shown in the attached images below.
The statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a business or entity during a specific period of time. It presents the sources and uses of cash, categorizing them into three main activities: operating activities, investing activities, and financing activities.
The statement of cash flows is an essential component of the financial statements, along with the income statement, balance sheet, and statement of changes in equity. It helps users, such as investors, creditors, and analysts, understand the cash flow dynamics of a company and assess its ability to generate and manage cash.
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Q1: Torville Company's contribution margin income statement is presented below.
Sales for the current period consisted of 5,000 units. Determine the company's
break-even point in dollars.
Torville Company
Contribution Margin Income Statement
Sales
Variable costs
Contribution margin
Fixed costs
Sales : $125000
Variable cost : $90000
Contribution margin : $35000
Fixed cost : $28000
Net income: $7000
Net income
S125,000
20.000
35,000
28.000
$7.000
Answers
Based on the sales and the contribution margin, the breakeven point in dollars is $28,000
The breakeven point can be found as:
= Fixed cost / Contribution margin per unit
Breakeven point is therefore:
= 28,000 / (35,000 / 5,000 units)
= 4,000 units
This amount in dollars is:
= (4,000 x (Sales revenue - Variable cost / Number of sales))
= 4,000 x (125,000 - 90,000/ 5,000)
= $28,000
In conclusion, the breakeven point is $28,000
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Trueware Corporation is a start-up firm with a capital structure that includes 25 percent debt. Trueware has no preferred stock. The firm has two possible scenarios for its operations: Ruby or Emerald. The Ruby scenario has a 70 percent probability of occurring and the forecast earnings before interest and taxes (EBIT) in this scenario is $80,000. The Emerald scenario has a 30 percent chance of occurring and the EBIT is expected to be $32,000. Further, the firm's cost of debt is 10 percent. The firm has $500,000 in total assets and its marginal tax rate is 30 percent. The company has 22,000 shares of common stock outstanding. Calculate the difference in earnings per share (EPS) for the capital structure
Answers
Answer:
$1.53
Explanation:
Calculation to determine the difference in earnings per share (EPS) for the capital structure
Debt = 0.25 × Total assets = 0.25 × $500,000
Debt= $125,000
Equity = (1 − 0.25) × Total assets = 0.75 × $500,000
Equity = $375,000
Net income (NIRuby) = [EBIT - (Cost of debt × Total debt)] × (1 - Tax rate)
Net income (NIRuby) = [$80,000 - (0.10 × $125,000)] × (1 - 0.3)
Net income (NIRuby= $47,250
EPSRuby = Net income/Number of shares outstanding
EPSRuby = $47,250/22,000 shares
EPSRuby= $2.15 per share
Net income (NIEmerald) = [EBIT - (Cost of debt × Total debt)] × (1 - Tax rate)
Net income (NIEmerald) = [$32,000 - (0.10 × $125,000)] × (1 - 0.3)
Net income (NIEmerald) = $13,650
EPSEmerald = Net income/Number of shares outstanding
EPSEmerald = $13,650/22,000 shares
EPSEmerald= $0.62 per share
Difference between the earnings per share = $2.15 - $0.62
Difference between the earnings per share= $1.53
Therefore the difference in earnings per share (EPS) for the capital structure is $1.53
Select the correct answer.
What does a production possibilities curve represent?
ОА.
a combination of price and demand of goods and services
B.
a combination of the goods produced before and after a change in a factor of production
Ос.
a combination of two factors of production used to produce a single good or service
OD
a combination of two goods that can be produced using limited resources
Answers
The statement that describes what a production possibility curve represent is: D.
What is Production Possibility Curve?Production possibility curve can be described as that which shows the quantity of two products that can possibly be produced if both products are to depend on the same resources for production to occur.The image attached below shows a typical production possibility curve.Therefore, the statement that describes what a production possibility curve represent is: D.
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What does Checks and Balances mean? And why do we have them?
Answers
Answer:
Hmm.
Explanation:
Checks and Balances mean the principle of government under which separate branches are empowered to prevent actions by other branches and are induced to share power.
We have them so the government can limit the powers of the other branches.
What is a bushiness opportunity?
Answers
Answer: You said it yourself, an opportunity.
Explanation:
A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.
But mainly used to make more money.A firm has current assets that could be sold for their book value of $16 million. The book value of its fixed assets is $55 million, but they could be sold for $85 million today. The firm has total debt with a book value of $35 million, but interest rate declines have caused the market value of the debt to increase to $45 million. What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.)
Answers
Answer:
2.81
Explanation:
The first step is to calculate the market value
= 16 million + 85 million
= 101 million
The book value can be calculated as follows
= 16 million + 55 million -35 million
= 36 million
Therefore the firm market to book ratio can be calculated as follows
= 101 million/36 million
= 2.81
The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2022:
January February March
Sales budget $ 136,000 $ 153,000 $ 168,000
Credit sales are collected as follows:
55 percent in the month of the sale.
25 percent in the month after the sale.
20 percent in the second month after the sale.
The accounts receivable balance at the end of the previous quarter was $123,700 ($89,100 of which was uncollected December sales).
Compute the sales for November.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Compute the sales for December.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Compute the cash collections from sales for each month from January through March.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.
Answers
a. Sales for November = $169,500
b. Sales for December = $198,000
c. Total cash collections are as follows:
January = $97,075
February = $118,150
March = $130,650
Accounts receivable performs the function of cash collection. It involves getting money back from a company or person to whom we have sent an invoice.
a. Compute the sales for November.
Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($123,000 - $89,100) / 20% = $169,500
b. Compute the sales for December.
Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $89,100 / (25% + 20%) = $198,000
The calculation for cash collections is:
January = 25%× $89,100 + 55% × $ 136,000
= $97,075
February = 25% ×$ 136,000 + 55% ×$153,000
= $118,150
March = 25% × $153,000 + 55%× 168,000
= $130,650.
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An application of the Law of Supply is,
Answers
Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.
Explanation:
On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Answers
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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When you see perfume or aftershave for sale on a grocery store, what are your perceptions about it's quality? How does that perception change the perfume or aftershave for sale in a high-end department store?
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When I notice aftershave or perfume on sale in a grocery shop, these are my impressions of its quality:
the odour of the perfume should be pleasing.it should be easily affordable.it should be less expensive.it should not have any side effects.How does that perception change the perfume or aftershave for sale in a high-end department store?Following are some ways in which the aforementioned viewpoint alters the perfume or aftershave offered for sale in a high-end department store:
If the perfume or aftershave is authentic and of good quality, demand and supply will both grow. Sales in upscale department stores will also rise.If nice and appropriate raw materials are employed in the perfume or aftershave, customers will learn about it and the sale at a high end department shop will increase.If a perfume has a pleasing aroma, demand and supply will rise, which will improve sales in a high-end department store.In a high end department store, the sale of a product will increase if it is less priced, more accessible, and has fewer adverse effects.To know more about, demand, visit :
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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