For January, Bandera Manufacturing's Cost of Goods Sold is $4,595,000. Their Gross Profit is $2,005,000 and their Net Income is $1,135,000.
Explanation:To determine Bandera Manufacturing's financial indicators for the month ended January 31, we need to use the given financial data.
(A) The Cost of Goods Sold (COGS) is calculated by taking the cost of goods manufactured and adjusting it for the change in finished goods inventory. So, COGS = Cost of Goods Manufactured + Opening Inventory - Closing Inventory = $4,490,000 + $880,000 - $775,000 = $4,595,000.
(B) The Gross Profit is computed by subtracting the Cost of Goods Sold from Sales. Therefore, Gross Profit = Sales - COGS = $6,600,000 - $4,595,000 = $2,005,000.
(C) Finally, the Net Income is determined by subtracting the selling and administrative expenses from the Gross Profit. Hence, Net Income = Gross Profit - (Selling Expenses + Administrative Expenses) = $2,005,000 - ($530,000 + $340,000) = $1,135,000.
Learn more about Financial Calculations here:https://brainly.com/question/33447370
#SPJ3
Which of the following is NOT a differentiator between manufacturing and service operations? A. Transportation B. Customer contact C. Resale D. Cost per unit
Answer: D) Cost per unit
Explanation:
In terms of manufacturing field, where the goods are manufactured, service operation is the process which workers manage and control demand of customers after getting training from operation manager.
Cost per unit is not the factor that acts as differing agent between manufacturing process and service operation because it is a part of the process which is handled by workers .
Other options are incorrect because transportation, contact of customer and resale are the factors that contrast the manufacturing service and service operations.Thus, the correct option is option(D)
Cost per unit is not a differentiator between manufacturing and service operations. While factors like transportation, customer contact, and resale significantly differ in these two operations, the cost per unit can vary in both, depending on different variables.
Explanation:The factor that is NOT a differentiator between manufacturing and service operations would be D. Cost per unit.
Cost per unit is not a significant differentiating factor as both manufacturing and service operations can have variations in cost per unit depending on the scale, resources, technology used, and efficiency of operations. However, factors like A. Transportation, B. Customer contact, and C. Resale are key differentiators. In manufacturing, transportation of goods is crucial, the level of customer contact is generally lower, and the goods produced can be resold. Whereas, in service operations, the service cannot be transported or resold and there is generally a higher level of direct contact with customers.
Learn more about Manufacturing and Service Operations here:https://brainly.com/question/32106941
#SPJ3
Pharoah Company at December 31 has cash $21,200, noncash assets $102,000, liabilities $55,600, and the following capital balances: Floyd $43,000 and DeWitt $24,600. The firm is liquidated, and $115,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively.
An analysis of the accounts shows the following. 1. The equipment depreciates $248 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter. 3. Interest of $550 is accrued on the notes payable. 4. Supplies on hand total $637. 5. Insurance expires at the rate of $324 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expenses. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Adjusting entries in this scenario involve calculations related to equipment depreciation, rent revenue recognition, accrued interest on payables, supplies expense recognition, and insurance expense calculation with the intent to reflect the most accurate financial position at the end of a quarter.
Explanation:The task at hand is to make quarterly adjusting entries from the provided account information. The process involves the calculation of accrued and prepaid expenses, and income. Let's go through each point:
Depreciation Expense: For equipment depreciation, multiply $248 by 3 months to get the quarterly depreciation of $744. So, debit Depreciation Expense $744 and credit Equipment $744.Rent Revenue: One-third of the unearned rent was recognized as revenue during the quarter. Thus, debit Unearned Rent for the determined one-third amount and credit Rent Revenue for the same amount.Interest Payable: Interests accruing on the notes are represented by a debit to Interest Expense $550 and a credit to Interest Payable $550.Supplies Expenses: Supplies on hand will be credited while Supplies Expenses will be debited by the total amount of $637.Insurance Expense: For expired insurance, multiply $324 by 3 for the quarter to get insurance expense of $972. So, debit Insurance Expense $972 and credit Prepaid Insurance $972.Learn more about Adjusting Entries here:https://brainly.com/question/33175618
#SPJ3
Roberto was recently promoted, and his salary increase includes retirement investment options, so he has decided to take part in an ESOP. This means that Roberto____________.A. will be on the company's board of directorsB. will participate in an Externship Supervisors' Oversight PlanC.will be buying shares of his company'sstockD. is now part of the company's external stakeholdersE. is in charge of an investment groupWith an Employee Stock Ownership Plan (ESOP), employees buy company stock to become owners.
Answer:
C.will be buying shares of his company's stock
Explanation:
ESOP is short for employee stock ownership plan. The purpose of this plan is to give the employees option of buying the company's stock shares and share ownership of the company. This is issued through direct stock, profit-sharing plans or bonuses and it is made sure that the employee has complete discretion of who avails any of these options.
Therefore, when Roberto was promoted, his decision to take part in ESOP meant that the the power to buy the company's stocks and share ownership.
What is the value today of an annuity of $5,900 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 8 percent.
Answer:
Present value of an annuity of $5,900 per year is $52,460
Explanation:
This question will be solved using Advanced Annuity formula as below:
Value of Annuity three years from now = [tex]P+P [\frac{1-(1+r)^{-(n-1)} }{r}][/tex]
Value of Annuity three years from now = [tex]5900+5900 [\frac{1-(1+0.08)^{-22} }{0.08}][/tex]
Value of Annuity three years from now = [tex]5900+(5900 X{10.53})[/tex]
Value of Annuity three years from now =5,900 + 60,184
Value of Annuity three years from now = 66,084
Present Value of annuity = 66,084 x [tex](1+0.08)^{-3}[/tex]
Present Value of annuity = 66,084 x 0.79383
Present Value of annuity = $52,460
So the Present value of an annuity of $5,900 per year is $52,460 if the first cash flow received three years from now
Final answer:
To determine the present value of an annuity, first subtract the number of years until the first payment from the total number of years, then apply the present value formula for an annuity, discounting each payment using the given interest rate. The formula used includes the annual payment, discount rate, and the number of payments.
Explanation:
The question is asking to calculate the present value of an annuity with a series of future payments. An annuity is a series of equal payments made at regular intervals over a period. To find the present value of an annuity, you need to discount each payment back to the present value, using the formula for the present value of an annuity due. For a discount rate of 8%, and payments starting in 3 years and ending in 25 years, we use the formula:
PV = Pmt imes rac{1 - (1 + r)^{-n}}{r}
where:
PV is the present value of the annuity
Pmt is the annual payment ( 5,900)
r is the annual discount rate (0.08)
n is the number of payments (25 - 3 = 22)
The present value calculation is:
PV = 5,900 imes rac{1 - (1 + 0.08)^{-22}}{0.08}
After calculating the above formula, you'd get the present value of the annuity.
Phillips Company acquires all of the outstanding stock of Sylvania Company by issuing 20,000 shares of its own $5 par value stock. The market value of its stock at the date of issuance was $50 a share. Also in conjunction with the acquisition Phillips incurred the following costs: $8,000 in finders fees, $12,000 in legal fees and $10,000 in stock issuance fees. What is the purchase price for this acquisition used to determine whether goodwill is present or not?
Answer:
purchasing price will be based on par value = $1,00,000
Explanation:
Given data:
number of shares = 20,000
par value of stock = $5
Market value of stock is $50
Finders fees = $8000
legal fees = $12,000
stock issuance fees =$10,000
Paid capital is calculated at par value i.e. 20,000 * $5 = $ 1,00,000
Expenses like finders fees, legal fess and stock issuance fees will not be included in purchasing price. it is considered in miscellaneous expense
Hence purchasing price will be based on par value = $1,00,000
The purchase price for the acquisition is $1,030,000, which includes the fair market value of the stock issued and the costs incurred by Phillips Company.
Explanation:The purchase price for this acquisition is determined by adding the fair market value of the stock issued and the costs incurred by Phillips Company. The fair market value of the stock issued is calculated by multiplying the number of shares issued (20,000) by the market price per share ($50). Therefore, the fair market value of the stock issued is $1,000,000 (20,000 shares x $50).
In addition to the fair market value of the stock, the costs incurred by Phillips Company are also included in the purchase price. These costs include finders fees ($8,000), legal fees ($12,000), and stock issuance fees ($10,000). Therefore, the total costs incurred by Phillips Company are $30,000 ($8,000 + $12,000 + $10,000).
The purchase price for this acquisition is the sum of the fair market value of the stock issued and the costs incurred by Phillips Company. Therefore, the purchase price is $1,030,000 ($1,000,000 + $30,000).
3. An airline company operates a plane between ATL and DC. This plane has 120 seats for economy class with two price tiers: low fare at $250 and high fare at $420. The low fare seats target for travelers and there is an unlimited demand from travelers. So seats o ered at $250 will always be sold out. The high fare seats target for business travelers and the company believes that the number of business travelers for this route follows Poisson with mean 20. As business travelers plan for their travels in the last minute, any seats assigned to business travelers must be remained and cannot be o ered to travelers. How many seats should be assigned to the business travelers to maximize the revenue?
Answer: 20 seats
Explanation:
The optimal number of business travellers will be the mean of Poisson distribution i.e 20, since the number of business travellers follows Poisson distribution. Which means that the probability that there will be 20 business travellers will be higher than all other numbers.
Therefore 20 seats must be assigned to business travellers to maximize the revenue.
Journal articles can be helpful resources when writing a laboratory report, but it is important to ensure that these references are cited properly. Which components are typically included when citing a journal article
Answer:
Author, year of publication, title of the article, journal, page number and volume/issue number
Explanation:
Citation of journal articles used to develop any report is very important. As a matter of policy worldwide, the refusal to cite a used document is referred to as plagiarism and it has quite dire repercussions in most academic and professional spheres.
The following components are typically included in citing a journal
1) The Authors/ writers of the journal article, this could include their affiliations such as
2) the Year of publication: an author can write very similar articles and may only be distinguished by factors such as the year.
3) The title of the article - important to distinguish and easy to refer to
4) The Journal that published the article
5) The page number (s) from the journal that published the article for easy reference where the journal has multiple publications
6) Volume/issue number of the journal that published the article.
Many companies say that their goal is to provide quality products and services. What actions might you expect from a company that intends quality to be more than a slogan or buzzword?
Explanation:
Ideal for a company that wants quality to be more than a slogan or slogan, it is necessary to implement actions that lead to quality management.
From the development of the business strategic plan, actions and procedures included in the company's mission, vision and values must be clearly defined to ensure the expected quality principles.
However, it is important to have an effective implementation and analysis to review the plan and resolve possible conflicts during the execution of activities, in order to establish continuous improvement as an organizational culture, which avoids waste, reduces costs, motivates employees, improves the production process and improves business activities in the internal and external environment, to make total quality a basic principle of the organization.
Companies that view quality as more than a slogan would invest in quality control, offer warranties or money-back guarantees, and aim to establish a good reputation to attract repeat customers. These actions demonstrate their commitment to providing high-quality products and services.
Explanation:A company that treats quality as more than just a buzzword would take several actions to ensure their products and services meet or exceed customer expectations. Firstly, such companies would invest in thorough quality control measures where products are rigorously tested for any flaws before they hit the market.
Secondly, they would offer assurances such as warranties or money-back guarantees which not only convey a promise of quality but also help build consumer trust. This kind of strategy is particularly important for online or mail-order businesses where customers can't physically examine the products before purchasing.
Lastly, they would seek to establish a good reputation, aiming for repeat customers who will recommend the business to others. A good reputation signifies a company's commitment to delivering high-quality products and services, thus allowing the company to even charge a premium for their offerings. For instance, a well-established grocery store can charge a higher price than a temporary stall at a local farmer's market due to its established reputation for quality.
Learn more about Corporate Quality Assurance here:https://brainly.com/question/34052815
#SPJ11
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: 1. What was the cost of direct materials used in September?
Answer:
Direct material= $190,000
Explanation:
Giving the following information:
Lauren Ashley Company purchased materials costing $200,000.
Inventories:
September 1= 120,000
September 30= 130,000
To calculate the amount of direct material used we need to use the following formula:
Direct material= beginning inventory + purchases - ending inventory
Direct material= 120,000 + 200,000 - 130,000= $190,000
Linda Baer has already saved $5,475 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 4 percent compounded annually, how long will it take to buy a car that costs $7,792?
Answer:
9.16 years
Explanation:
To find the answer, we arrange the quantities in the following formula:
$5,475 (1 + 0.04)^x = $7,792
As it can be seen, we are solving for x, which is the period of time that it has taken for the initial $5,475 to become the final $7,792 that are needed for buying the car. Now we simply solve the equation:
(1+0.04)^x = $7,792 / $5,475
(1.04)^x = 1.4232
xlog 1.04 = log 1.432
x = log1.432 / log1.04
x = 9.16
Teri takes her new puppy to the veterinarian. After he examines the puppy, the vet tells Teri that her puppy needs a series of shots. Teri agrees to the shots since the veterinarian knows way more about animal health than she does. This is an example of
a. a public good.
b. moral hazard
c. the free-rider problem.
d. adverse selection.
e. asymmetric information.
Answer:
E. asymmetric information
Explanation:
This is an example of asymmetric information. As Teri agrees to the shots since the veterinarian knows way more about animal health than she does. Hence, option E is correct.
What is asymmetric information?A common example of asymmetric information is the used car dealer. Any issues with the car, such as broken electrics, are unknown to the buyer, but the salesperson is aware of them.
Because of this, the customer is willing to pay more money than they otherwise would have, had they been aware of all the shortcomings in the car. Information asymmetry is a discrepancy in the two negotiating parties' comprehension of crucial details and facts.
Due to this imbalance, the side with more knowledge usually has a competitive advantage over the opposition. Adverse selection or moral hazard are both possible outcomes of asymmetric information.
Thus, option E is correct.
For more details about asymmetric information, click here:
https://brainly.com/question/15901236
#SPJ2
Economic models are:
a. useless if they are simple.
b. potentially useful in forming economic policy.
c. made generally of wood, plastic, and/or metal.
d. set up and used to precisely mirror reality.
Answer:
The correct answer is letter "B": potentially useful in forming economic policy.
Explanation:
Economic models are abstractions that try to simplify phenomena of the real world. Economic models are the assumption that economists make to understand the diverse economic events that occur. Those models could be theoretical or mathematical in some cases.
Economic models can help governments establish economic policies based on facts of the environment and the variables affecting that community.
Pyro Electronics was the only supplier of Torin Auto, and both companies wanted to do more business together. Pyro Electronics worked on its total quality management system and acquired more business, while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics. Pyro Electronics and Torin have developed a _____.
Answer:
Strategic Partnership.
Explanation:
Strategic Partnership is a kind of alliance in which two companies agree to help each other by their expertise. This can be formed with one or more business. Here also Pyro Electronics and Torin Auto both Companies agree to do more business together to help each other expand their businesses. Pyro Electronics is a sole supplier of Torin Auto, Pyro has worked on total quality management and Torin has developed just-in-time inventory management which means the goods will be ordered when needed. This reflects that both companies are ready to help each other and expand their business.
Pyro Electronics and Torin Auto have collaborated and created a strategic partnership where both companies improved their systems for mutual benefit.
Explanation:Pyro Electronics and Torin Auto have developed a Strategic Partnership. This type of collaboration involves two businesses coming together to create a mutually beneficial agreement. This arrangement works towards a common goal, in this case, they wanted to do more business together. Pyro Electronics improved its efficiency by developing its Total Quality Management system, and Torin optimized its inventory management with a Just-In-Time system to ensure timely supply of goods to Pyro Electronics.
Learn more about Strategic Partnership here:https://brainly.com/question/33137704
#SPJ12
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ……. And the quantity of shoes consumed in the domestic market to …….
a.) Fall; rise
b.) Fall; fall
c.) Rise; fall
d.) Rise; rise
Final answer:
The imposition of a tariff on imported shoes is expected to result in a rise in the domestic price and a fall in the quantity of shoes consumed domestically. This effect occurs because the tariff makes imports more expensive, prompting consumers to either buy more expensive domestic goods or reduce consumption.
Explanation:
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to rise, and the quantity of shoes consumed in the domestic market to fall. Therefore, the correct answer is c.) Rise; fall. Import tariffs are taxes on goods brought into a country. By imposing a tariff, a country can raise the cost of the imported goods to encourage consumers to buy domestically produced items. This action increases the domestic price of both imported shoes and those made within the country as the domestic products become more competitive against the more expensive imports. The quantity of shoes consumed in the domestic market falls because of the higher prices, reducing the overall demand for shoes. When a tariff is imposed, it can also lead to a price wedge between the foreign price and the domestic price of the product. Domestic suppliers may increase their output to some extent, but overall consumption decreases as prices rise.
XYZ Movers, a professional relocation company, has 3-person teams for their moving services. The company asks customers to complete a satisfaction survey regarding their recent move. For an employee's performance appraisal, customer satisfaction surveys are also considered in addition to supervisor and team member ratings.
Which of the following appraisal methods best describes this situation?
A. similar to me error
B. positive halo effect
C. 360-degree performance appraisals
D. behaviorally anchored rating scale
Answer:
C. 360-degree performance appraisals
Explanation:
360 degree appraisal is also known as multi-rater feedback or multisource assessment. This is an appraisal systbthat uses multiple sources to rate performance. The sources used include customer feedback, subordinates, supervisors, and colleagues.
XYZ movers employs customer feedback, supervisor ratings, and team member ratings to conducts it's 360 degree performance appraisal.
Answer:
C
Explanation:
. 360-degree performance appraisals
The 360 degree performance appraisal system is advanced kind of appraisal which is used by many organizations to judge the performance of employees using the review of about a range of 7 to 12 people. These people are working with the employee or the employees is rendering services to te people. The appraisal is collected in the form of reviews in terms of competencies of the employee. The employee himself or herself also takes part in this appraisal with the help of self assessment. The 360 degree performance appraisal system is a way to improve the understanding of strength and weaknesses of employee and areas that need development
This field of study has helped us understand differences in fundamental values, attitudes, andbehavior between people in different countries and within different organizations. a. Anthropology b. Corporate strategyc. Political science d. Operations research e. Psycholinguistics
Answer:
The correct answer is letter "A": Anthropology.
Explanation:
Anthropology is a social science in which the main objective of the study is the individual as a whole. It means, anthropology studies the human being through many focuses offered by disciplines such as natural, social, and science. Anthropology allows us to know men in his society and the culture where he belongs.
Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March:
Actual Budget
Calamine Capity Calamine Capity
Sales in pounds 3800 lbs. 3980 lbs. 4,400 lbs. 3,300 lbs
Price per pound $3.00 $2.90 $2.00 $3.00
Variable cost per pound 1.00 2.20 1.00 1.50
Contribution margin $2.00 $0.70 $1.00 $1.50
Budgeted and actual fixed corporate-sustaining costs are $1,850 and $2,300, respectively.
What is the actual contribution margin for the month?
a. $12,236
b. $9770
c. $9900
d. $10,386
Answer:
Option D 10,386
Explanation:
The contribution is the amount left from sales after paying the variable cost. In this case we are given with this value so we don't have to calcualte for it.
To get for the contribution margin we will consider the actual values over the budget.
3,800 Calmine pounds x 2 dollar of contribution per pound = 7,600
3,980 Capity pounds x 0.70 dollars per pound = 2,786
Total: 7,600 + 2,786 = 10,386
The actual contribution margin for the month is $10,386
Actual
Calamine Capity
Sales in pounds 3800 lbs 3980 lbs.
Contribution margin per round $2.00 $0.70
Product contribution margin $7,600 $2,786.
The total contribution earned = $7,600 + $2,786
The total contribution earned = $10,386
In conclusion, the Option D is correct because the actual contribution margin for the month is $10,386.
Read more about contribution margin
brainly.com/question/24881206
The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 28, 2010. One topic on the board’s agenda is the approval of a $25,000 gift to a qualified charitable organization. Orange has a $20,000 charitable contribution carryover to 2010 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.
Answer:
i love you
Explanation:
but im not gay
During the last year, Globo-Chem Co. generated $1,053.00 million in cash flow from operating activities and had negative cash flow generated from investing activities (-576.00 million). At the end of the first year, Globo-Chem Co. had $180 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm’s cash flow (CF) due to financing activities in the second year?
a. 282.75 million
b. -188.50 million
c. 471.25 million
d. -377.00 million
Answer:
d. -377.00 million
Explanation:
The computation is shown below:
As we know that
Ending cash balance = Beginning cash balance + Cash flow from Operating Activities + Cash flow from Investing Activities + Cash flow from Financing Activities
$280 million = $180 million +$1053.00 million -$576.00 million + Cash flow from Financing Activities
So, the cash flow from operating activities is -$377 million
Final answer:
The firm's cash flow due to financing activities in the second year was -377.00 million, calculated by subtracting the cash flows from operating and investing activities from the total net increase in cash.
Explanation:
To determine the firm’s cash flow due to financing activities for the second year, we need to consider the opening and closing cash balances, as well as cash flows from operating and investing activities. The net increase in cash can be calculated as follows:
Cash at the end of Year 2 - Cash at the end of Year 1 = Net increase in Cash
280 million - 180 million = 100 million
Then, we can find out the cash flow due to financing activities by subtracting operating and investing cash flows from the net increase in cash:
Cash Flow from Financing Activities = Net increase in Cash - (Cash Flow from Operating Activities + Cash Flow from Investing Activities)
100 million - (1,053.00 million - 576.00 million) = 100 million - 477.00 million = -377.00 million.
Therefore, the firm’s cash flow due to financing activities in the second year was -377.00 million, which is option d.
The Brown Jug has paid annual dividends of $0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years, respectively. What is the geometric average dividend growth rate for this period?
Top of Form
a. 8.51 percent
b. 8.97 percent
c. 9.10 percent
d. 9.59 percent
e. 10.21 percent
Answer:
Option (d) 9.59%
Explanation:
Data provided in the question:
Annual dividends paid by the Brown jug
$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years
Now,
Present value = $0.61
Future value = $0.88
Time = 4 years [as there is no interest for the year 1]
Now,
Future value = Present value × (1 + r )ⁿ
here,
r is the geometric average dividend growth rate
$0.88 = $0.61 × (1 + r )⁴
or
(1 + r )⁵ = 1.4426
or
1 + r = 1.0959
or
r = 0.0959
or
r = 0.0959 × 100% = 9.59%
Hence,
Option (d) 9.59%
Final answer:
The geometric average dividend growth rate for the Brown Jug over the past 5 years is calculated using the geometric mean of the individual yearly growth rates, resulting in approximately 9.10%.
Explanation:
The geometric average dividend growth rate is calculated using the formula for geometric mean of growth factors, which is the nth root of the product of growth factors, where n is the number of periods. The growth rates for each year are as follows: from $0.61 to $0.64 is approximately 4.92%, from $0.64 to $0.71 is about 10.94%, from $0.71 to $0.82 is roughly 15.49%, and from $0.82 to $0.88 is approximately 7.32%. Thus, the geometric mean growth rate (g) can be calculated using the formula:
(1+g)^4 = (1 + 0.0492) * (1 + 0.1094) * (1 + 0.1549) * (1 + 0.0732)
Solving for g gives us a geometric average growth rate of approximately 9.10%, which corresponds to option c.
Do It! Review 1-3 (Part Level Submission)Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.Accounts payable $ 9,800 Notes payable $ 16,600Accounts receivable 6,800 Rent expense 14,800Advertising expense 4,410 Retained earnings ?Cash 7,900 Service revenue 34,600Common stock 19,800 Supplies 6,700Dividends 7,300 Supplies expense 1,290Equipment 31,600
Prepare an income statement for Marsh Corporation.
Answer:
Income Statement for the Year ended December 31th,2014
Service revenue 34,600
Rent expense 14,800
Advertising expense 4,410
Supplies expense 1,290
Total expenses 20,500
Net income 14,100
Explanation:
For the incoem statemnt we will only work with revenues and expenses account.
we list all the revenues first.
then, we list and add up all the expenses accout
finally, we subtract from revenues to get the net income.
Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something that they "must do." This demonstrates what about Zappos employees?a. Zappos employees follow the specific Zappos code of ethics. b. Zappos employees have morals that match Zappos values and norms. c. Zappos employees operate at the preconventional level of morality. d. Zappos employees focus on the ethical responsibilities of their jobs.
Answer:
The correct answer is letter "B": Zappos employees have morals that match Zappos values and norms.
Explanation:
In case employees of a company enjoy doing charitable activities and believe it is an obligation to contribute with their surrounding community, the situation implies that those workers have a high sense of social responsibility and moral values. Every company tends to have a code of ethics that outlines the expected behavior the firm expects from workers within the organization but firms also have goals on social responsibility to minimize the impact of their operations in society an if possible to improve it.
Thus, the moral values of Zappos's employees are likely aligned to the norms the company is looking for in its workers.
The participation of Zappos employees in charitable activities is a reflection of the alignment between their personal morals and the values and norms of Zappos, hence option B is correct.
When Zappos employees are 'driven' to participate in charitable activities and feel that giving back to the community is something that they 'must do,' this demonstrates that Zappos employees have morals that match Zappos values and norms. hence option b.
The company culture at Zappos is built on a corporate culture of caring, addressing the self-actualization needs of its employees, and integrating happiness and motivation into the company's core values. This culture encourages employees to align their personal values with those of the company.
As a result, the charitable activities are not just seen as an ethical responsibility but are integrated into the way Zappos operates, reflecting the employees' intrinsic motivation to give back to the community in alignment with Zappos' values.
Codes of conduct are becoming more prevalent in industry are proving to be more meaningful, more comprehensive and easier to implement in terms of the administrative procedures used to enforce them.
a. True
b. False
Answer:
TRUE
Explanation:
Adopting a code of conduct in the workforce includes enforcing rules and procedures to all employees, and offering the instruction necessary to ensure that they follow the policy.
The code should be put into practice and encouraged by administration to lead the way for workers.
The administrative procedures are more difficult to implant,because they need proper knowledge to use it , where code of conduct need moral and socialistic knowledge.
A computer thesaurus Group of answer choices catches
a. punctuation as well as grammar errors.
b. highlights phrases in passive voice.
c. suggests correct spelling.
d. can help you find just the right word for a given situation.
Answer: The correct answer is d). Can help you find just the right word for a given situation.
Explanation: A computer thesaurus is a software tool on a computer that suggest words that are similar in meaning (synonyms) based on a given command.
A thesaurus unlike a dictionary that gives meaning of words, suggests choice words based on each given entry.
1. Consider an economy in which autonomous consumption is 800, the marginal propensity to consume is 0.8, investment is 400, government spending is 500, taxation is 400, and net exports are 100.
A. What is the equilibrium GDP in this economy? Show your work.
B. What is the savings at this level of GDP? Show your work.
C. What are the spending and tax multipliers? Show your work.
D. If government spending increases by 200, what is the new equilibrium GDP and what is the increase over the original equilibrium GDP? Show your work.
E. If the government increases both spending and taxation by 200, what is the new equilibrium GDP and what is the increase over the original equilibrium GDP? Show your work.
**A. Equilibrium GDP is $4,500**: Equilibrium GDP calculation using the aggregate expenditure approach.
1. **Identify components**: Autonomous consumption (C₀) = 800, Marginal propensity to consume (MPC) = 0.8, Investment (I) = 400, Government spending (G) = 500, Taxation (T) = 400, Net exports (NX) = 100.
2. **Calculate disposable income**:[tex]\( Y_d = Y - T \).[/tex]
3. **Aggregate expenditure (AE)**: [tex]\( AE = C₀ + MPC \times Y_d + I + G + NX \).[/tex]
4. **Set AE equal to GDP (Y)**: [tex]\( AE = Y \).[/tex]
5. **Substitute values**:[tex]\( 800 + 0.8(Y - 400) + 400 + 500 + 100 = Y \).[/tex]
6. **Simplify**: \( 1,800 + 0.8Y - 320 = Y \).
7. **Solve for Y**: [tex]\( 1,480 = 0.2Y \), \( Y = \frac{1,480}{0.2} = 7,400 \).[/tex]
**B. Savings at equilibrium GDP is $1,480**: Calculate savings as the difference between disposable income and consumption.
1. **Disposable income**: [tex]\( Y_d = Y - T \).[/tex]
2. **Substitute values**: [tex]\( Y_d = 7,400 - 400 = 7,000 \).[/tex]
3. **Consumption (C)**: [tex]\( C = C₀ + MPC \times Y_d \).[/tex]
4. **Substitute values**:[tex]\( C = 800 + 0.8 \times 7,000 = 6,400 \).[/tex]
5. **Savings (S)**: [tex]\( S = Y_d - C \).[/tex]
6. **Calculate savings**:[tex]\( S = 7,000 - 6,400 = 600 \).[/tex]
**C. Spending and tax multipliers are 5 and -4 respectively**: Calculate multipliers using MPC.
1. **Spending multiplier**: [tex]\( \frac{1}{1 - MPC} = \frac{1}{1 - 0.8} = 5 \).[/tex]
2. **Tax multiplier**: [tex]\( \frac{-MPC}{1 - MPC} = \frac{-0.8}{1 - 0.8} = -4 \).[/tex]
**D. New equilibrium GDP is $5,400; Increase is $1,900**: Calculate the impact of increased government spending.
1. **Increase in G**: ΔG = 200.
2. **Change in GDP**: ΔY = spending multiplier × ΔG.
3. **Substitute values**: ΔY = 5 × 200 = 1,000.
4. **New GDP**:[tex]\( 7,400 + 1,000 = 8,400 \).[/tex]
**E. New equilibrium GDP is $7,400; No increase**: Calculate the impact of simultaneous increase in spending and taxation.
1. **Increase in G and T**: ΔG = ΔT = 200.
2. **Change in GDP due to G**: ΔY_G = spending multiplier × ΔG = 5 × 200 = 1,000.
3. **Change in GDP due to T**: ΔY_T = tax multiplier × ΔT = -4 × 200 = -800.
4. **Net change in GDP**: ΔY = ΔY_G + ΔY_T = 1,000 - 800 = 200.
5. **New GDP**: [tex]\( 7,400 + 200 = 7,600 \).[/tex]
Supply chain management is: a. Is both external and internal to an organization b. Is only external to the organization c. Is only internal to the organization d. Is limited only to the operations management function
Supply chain management is both external and internal to an organization, involving the structuring of supply chain networks, development of business processes, and management of activities to efficiently move products from suppliers to customers.
Supply chain management (SCM) encompasses a broad range of activities required to plan, control, and execute a product's flow from materials to production to distribution in the most economical way possible. SCM is not limited to just one aspect of an organization; it consists of both external and internal components to an organization. This includes the creation of the supply chain network structure, developing supply chain business processes, and managing supply chain activities. A well-designed supply chain improves market agility, adapts to changes, helps to align interests of all network members, and focuses on operation effectiveness and customer satisfaction.
Creating the supply chain network structure entails defining the member firms and the links between them.Developing supply chain business processes involves activities that yield a specific value to the customer.Managing supply chain activities integrates these processes across the supply chain.SCM aims to be responsive to shifts in demand and market changes, enabling companies to maximize their profitability by ensuring that supply meets demand. A clear example of SCM's effectiveness can be seen in Mumbai's meal delivery sector, where companies have internally optimized their logistics processes to improve efficiency, customer service, and competitive advantage.
Performance dimensions on which customers expect a minimum level of performance are called A. minimum performers. B. order winners. C. recommended daily allowances. D. order qualifiers.
Answer:
D. order qualifiers
Explanation:
Order qualifiers -
It refers to the process by which the internals operational capabilities are turned into criteria , which me turns out to advantage in market , is referred to as order qualifier .
The term was given by Terry Hill , the professor from the London Business school .
It refers to the minimum level of performance .
Hence , from the given information of the question,
The correct term is order qualifiers .
Answer:
The correct answer is letter D"": order qualifiers.
Explanation:
Order qualifiers are standards consumers place that a good or service must meet to consider purchasing the good or service. When the order qualifier is better than the offered by competitors, it becomes an order winner, thus, the consumer decides to buy the product.
Coburn (beginning capital, $55,000) and Webb (beginning capital $95,000) are partners. During 2017, the partnership earned net income of $71,000, and Coburn made drawings of $17,000 while Webb made drawings of $25,000. Assume the partnership income-sharing agreement calls for income to be divided 30% to Coburn and 70% to Webb. Prepare the journal entry to record the allocation of net income.
Answer:
Given that,
Beginning capital of Coburn = $55,000
Beginning capital of Webb = $95,000
Partnership earned net income = $71,000
Coburn made drawings = $17,000
Webb made drawings = $25,000
Income-sharing ratio = 30:70
Coburn's share in profits = Net income earned × 30%
= $71,000 × 0.3
= $21,300
Webb's share in profits = Net income earned × 30%
= $71,000 × 0.7
= $49,700
Therefore, the journal entry is as follows:
Profit and loss A/c Dr. $71,000
To Coburn's capital A/c $21,300
To Webb's capital A/c $49,700
(To record the allocation of net income)
At January 1, 2017, Hennein Company had plan assets of $280,000 and a projected benefit obligation of the same amount. During 2017, service cost was $27,500, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $20,000, and benefits paid were $17,500. Prepare a pension worksheet for Hennein Company for 2017.
Answer:
The Pension schedule is prepared in the workings as requested.
Explanation:
The question is to Prepare a Pension Worksheet for Hennein Company for 2017
HENNEIN COMPANY
PENSION WORKSHEET FOR 2017
General Journal Entry Memo Record
Item Pension Cash Pension Defined Plan
Expenses Asset/Liab Benefit Assets
Obligation
Jan 1, 2017 280,000 CR 280,000 Dr
Service Cost 27,500 DR 27,500 CR
interest Cost 28,000 DR 28,000 CR
Actual return 25,000 CR 25,000 DR
Contributions 20,000 CR 20,000 DR
Benefits 17,500 DR 17,500 CR
Journal Entry 30,500 DR 20,000 CR 10,500 CR
Dec. 31, 2017 10,500 CR 318,000 CR 307,500 DR
Note that the interest cost is as follows
280,000 x 10% = $28,000
The question requires preparation of a pension worksheet for Hennein Company for 2017, including details on their plan assets, projected benefit obligation, service cost, return on assets, contributions, and benefits paid. However, without information on actuarial gains/losses or other changes, a complete worksheet can't be accurately provided.
Explanation:Pension Worksheet Preparation
The student is asking for assistance in preparing a pension worksheet for Hennein Company for the year 2017. At the beginning of the year, both the plan assets and projected benefit obligation were $280,000. During the year, the service cost amounted to $27,500; the settlement rate used was 10%; the actual and expected return on plan assets was $25,000; contributions made were $20,000, and the benefits paid out totaled $17,500.
A pension worksheet typically tracks the changes in the pension fund over the course of a year and helps to reconcile the plan's funding status. The service cost will increase the projected benefit obligation, while the return on plan assets will increase the value of plan assets. Contributions also increase plan assets, while benefits paid decrease them.
Unfortunately, to answer this question accurately, additional information about actuarial gains or losses, changes in pension estimates, or prior service costs would be necessary. Without this information, a complete pension worksheet cannot be provided.