Answer:
telecommunications network connecting dealers.
Explanation:
Over the counter market or OTC market is referred to that market in which members trade the currencies, stock among the parties without the broker. In this, trade has done electronically without meeting personally i.e. Dealer and broker connect via mobiles phones
This market is held through a network of dealers instead of a central broker. One example of over the counter market is the London stock exchange.
Answer:
The correct answer is letter "C": telecommunications network connecting dealers.
Explanation:
The Over-The-Counter Market (OTC) is a decentralized market in which unlisted securities trade. The OTC market is not a physical location. Prices are negotiated and trades are made from computer networks, phones, and e-mails. Dealers act as maker makers and quote prices at which they will buy and sell.
Otis Thorpe Corporation has 10,000 shares of $100 par value, 8% preferred stock and 50,000 shares of $10 par value common stock outstanding at December 31, 2014.
Answer the questions in each of the following independent situations.
(a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2011, what are the dividends in arrears that should be reported on the December 31, 2014, balance sheet?
The dividends in arrears to be reported on the December 31, 2014 = _______________
(b) If the preferred stock is convertible into 7 shares of $10 par value common stock and 4,000 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value? (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.)
c) If the preferred stock was issued at $107 per share, how should the preferred stock be reported in the stockholders’ equity section? (Enter account name only and do not provide descriptive information.)
Answer:
(a) Cumulative dividend is not reported in Balance sheet.
The dividends in arrears on December 31, 2014 is $240,000
(b) Preferred Stock (Dr.) $400,000
Common Stock (Cr.) $280,000
Paid in capital Excess of par (Cr.) $120,000.
(c) Cash (Dr.) $1,070,000
Preferred Stock (Cr.) $1,000,000
Paid in capital (Cr.) $70,000
Explanation:
a. Cumulative dividends on Preferred stocks are not declared and therefore they are not reported in Balance sheet of a company.
To calculate the dividends in arrears on December 31, 2014,
10,000 shares * $100 par value * 8% preferred stock. * 3 years arrears.
= $240,000.
b. Preferred stock conversion into common stock is recorded as common stock account in balance sheet.
Preferred stock conversion amount is 4,000 shares * $100 par value = $400,000. This is presented as debit entry.
The credit entry will be common stock account with $ 280,000 (4,000 * 7 shares conversion * $10 par value).
The difference in both entries will be recorded as paid in capital as credit.
c. When preferred stock is issued cash is increased so debit account will be cash (10,000 shares * $107 per share) and credit entry will be Preferred Stock account in balance sheet at par value (10,000 shares * $100 par value). The remaining is credited in paid in capital of preferred stock account [10,000 shares * $7 ($107 - $100) per share].
The dividends in arrears should be reported as $240,000 on the December 31, 2014 balance sheet. When preferred stocks are convertible and 4,000 are converted, the business needs to debit Preferred Stock and credit to Common Stock. If the preferred stock was issued at $107, it is reported in the equity section as Preferred Stock and Paid-in Capital in Excess of Par (Preferred Stock).
Explanation:(a) Dividends in arrears are calculated as the difference between the last payment date and the date of the Balance sheet. There are three years between December 31, 2011, and December 31, 2014. So, we need to calculate three years of dividends. The amount of the annual dividend is calculated as 8% of the par value (i.e., $100), so the annual dividend per share is $8. For 10,000 shares, it's $80,000 per year. Thus, for three years, it's $80,000 * 3 = $240,000.
(b) If the preferred stock is convertible and 4,000 shares are converted, the entries would be a debit to Preferred Stock for $400,000 (4,000 shares times $100 par value), a debit to Paid-in Capital in Excess of Par (Preferred Stock) for the amount that the preferred stock was issued above its par value (if any), and a credit to Common Stock for $280,000 (4,000 shares times 7 new shares per original share times $10 par value) in the financial journal.
(c) If the preferred stock was issued at $107 per share, the preferred stock would be reported in the shareholders’ equity section as Preferred Stock ($1,000,000) and Paid-in Capital in Excess of Par (Preferred Stock) ($70,000).
Learn more about Accounting for Preferred Stock here:https://brainly.com/question/33874672
#SPJ6
In the venture life cycle, moving from the development stage to the startup stage frequently begins with the preparation of a business plan. The business plan is a written document that describes the proposed venture in all of the following terms except:
a. the proposed product or service opportunity
b. the accounting data for the last five years
c. current resources available to the venture
d. financial projections
Answer:
The correct answer is letter "B": the accounting data for the last five years.
Explanation:
A Business Plan is a written document that states how a company will achieve its goals. Few good companies last long without one. Business plans give direction to new companies, while established ones used them to determine new ventures. A business plan should paint a clear picture of the costs and drawbacks that come with each important decision.
Requesting and analyzing accounting data for the last five years is not included in the making of a business plan.
Seller agrees to supply all gasoline fire needs for the next year three dollars per gallon. After three months the price of gas falls to 233 per gallon. Buyer refuses to keep buying from seller unless the seller lowers the price. Seller agrees to months later the average price of gas goes up to $3.50 per gallon. Seller asked buyer to agree to the price range, but the buyer refuses which of the following is true
A. Buyer must pay three dollars per gallon for the rest the year
B. buyer must pay $2.33 per gallon for the rest of the year
C. Buyer must pay $3.50 per gallon for the rest of the year
D. Seller can legally refuse to supply by with any more gasoline for the rest of the year
Answer:
B. buyer must pay $2.33 per gallon for the rest of the year.
Explanation:
The correct answer is B. The seller agrees to supply gasoline for next year at $3 per gallon, the buyer agreed to it. When the gasoline prices declined the buyer insisted to reduce price and seller agreed to it. When the prices rise again the seller asked to raise price but buyer refused. Buyer cannot terminate the contract instead it has to continue buying at $2.33 per gallon if the seller is agreed to sell on this price for the rest of the year.
If Miles and Hunter work together, which of the following points would NOT be on their economy-wide PPF? A. 15 dogs walked and 11 dogs groomed B. 0 dogs walked and 14 dogs groomed C. 40 dogs walked and 0 dogs groomed D. 20 dogs walked and 4 dogs groomed
Answer:
D. 20 dogs walked and 4 dogs groomed
Explanation:
The point (20,4) comes inside of the PPF, if we place all the point on a graph paper then we get a graph where the point (20,4) is inside than the other points so it is not on the PPF .
You are going to a dinner whith three (3) friends, one who likes steak, another wine, and the third is a vegetarian (which is assumed to be the least expensive). Which is true?a. The vegetarian will be better off with equal shares.b. Equal sharing of the bill ensures that people order a similar dollar amount of food.c. How the bill is shared has no effect on what and how much people choose to eat.d. The wine-drinker will argue for equal shares, and will drink as fast (and/or as much) as possible.
Answer:
The correct answer is letter "C": How the bill is shared has no effect on what and how much people choose to eat.
Explanation:
Regardless of the price, the friend who likes steak, the other who drinks wine, and the vegetarian are unlikely to change their eating preferences. Just because the bill is to be shared it does not imply that the vegetarian will eat stake or that the friend who eats steak will prefer to choose wine.
Assume that a consumer is currently maximizing satisfaction and attending both movies and basketball games. If the price of movies decreases, what will happen to the marginal utilities of movies and of basketball games once the consumer adjusts to the new price of movies?
Answer and explanation:
Marginal Utility refers to the benefit or satisfaction obtained from consuming one more unit of a good or service. In economics, something has utility if it satisfies any consumer want or needs whether for usefulness or pleasure. It is a subjective term.
Thus, if the price of ticket movies decreases, its marginal utility will decrease and the marginal utility of tickets for basketball games will increase.
As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 per share. Edwina then received dividends of $1 per share related to the stock. How much should be included in Edwina's gross income? a. $0 b. $60 c. $3 d. $63 e. None of these
Answer:
d. $63
Explanation:
This "thank you" classifies as a performance bonus and, therefore, Edwina should include the whole market value plus dividends received from the three shares of Ed's TV Repair stock that she earned. The total amount for the shares' value plus dividends earned is:
[tex]A = 3*(\$20+\$1)\\A=\$63[/tex]
Edwina should include $63 in her gross income.
Estimating warranty expenses at 2%, when past history suggests they have experienced 5%, results in an overstatement of expenses and an understatement of liabilities.A. True
B. False
Answer: option B: False
Explanation:
Liabilities and Expenses will both be understated
Answer:
False
Explanation:
Warranty accruals will be accounted for when incurred through the following entries,
Debit Warranty expense
Credit Warranty accrual
Using the history as a basis for accrual estimating the warranty expenses at 2% instead of 5% would result in an understatement of the two accounts stated above.
These are the expense and accrual accounts. As such the answer is false
Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2 for Jan ($52,300), a W-2 for Sam ($48,700), a state tax refund of $475, canceled debt income of $1,800 for Jan, and state lottery winnings of $2,000. They never itemize deductions. What will be their total on Form 1040, line 7? a. $105.275 b. $104,800 c. $103,275 d. $103,000?
Answer:
The answer is b. $104,800
Explanation:
W-2 for Jan $52,300+ Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800
Prahm Corp. wants to raise $4.4 million via a rights offering. The company currently has 500,000 shares of common stock outstanding that sell for $45 per share. Its underwriter has set a subscription price of $20 per share and will charge the company a spread of 6 percent. If you currently own 3,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights?
Answer:
price for selling 3000 share right is $25060.87
Explanation:
Given data:
Total Amount raised= $4,400,000
Spreading rate = 6%
Subscription price = $20 per share
Number of share owned by company = 500,000
Per share cost = $45
Totals share own in the company = 3000
subscription price after deducting spreading rate [tex]= 20\times (1 -0.06) = $18.80[/tex]
Now, Right share [tex] = \frac{4400000}{18.8} = 234,043[/tex]
Right price is calculated as
Right price = ((Number of share held * market price) + (Right share *Right price))/( Number of share held + Right share)
plugging all value in above relation
[tex]= \frac{500000 \times 45 + 234043\times 18.8}{500000 + 234043}[/tex]
Right share = $36.65
single right value = 45- 36.65 = $8.35
Price for 3000 share right = 8.35 *3000 = $25060.86
The fiscal 2016 financial statements of Nike Inc. shows average net operating assets (NOA) of $8,450 million, average net nonoperating obligations (NNO) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. The company's 2016 financial leverage (FLEV) is: Select one: A. (0.477) B. (0.559 C. (0.323) D. (0.447) E. There is not enough information to determine the ratio.
Answer:
C. (0.323)
Explanation:
The computation of financial leverage is shown below:
= (Average net nonoperating obligations) ÷ ( average equity)
= ($4,033 million) ÷ ($12,483 million)
= (0.323)
In order to find out the financial leverage, we deduct the average net non-operating obligations by the average equity so that the financial leverage could come
The financial leverage (FLEV) for Nike Inc. in 2016 is approximately 1.91. None of the provided options in the choices accurately represents this ratio, as FLEV is typically a positive value.
To calculate the financial leverage (FLEV) for Nike Inc. in 2016, you can use the following formula:
[tex]\[FLEV = \frac{NOA}{NOA + NNO}\][/tex]
Where:
- NOA = Average Net Operating Assets
- NNO = Average Net Nonoperating Obligations
Plugging in the given values:
NOA = $8,450 million
NNO = $(4,033) million (note that this value is negative)
[tex]\[FLEV = \frac{8,450}{8,450 - 4,033} = \frac{8,450}{4,417} \approx 1.91\][/tex]
Since the result is positive, the correct answer is none of the provided options.
For more questions on financial leverage:
https://brainly.com/question/24108637
#SPJ3
Urban Window Company had gross wages of $240,000 during the week ended june 17. The amount of wages subject to social security tax was $240,000, while the amount of wages subject to federal and state unemployment taxes was $35,000. Tax rates are as follows:
Social security 6.0%
Medicare 1.5%
States unemployment 5.5%
Federal unemployment 0.8%
The total amount witheld from employee wages for federal taxes was $48,000.
Required:
a. Journalize the entry to record the payroll for the week of June 17.
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.
Answer:
Wages expense 240,000
medicare payable 3,600 credit
social security payable 14,400 credit
wages payable 222,000 credit
payroll taxes 20,205 debit
FUTA payable 280 credit
SUTA payable 1,925 credit
medicare payable 3,600 credit
social security payable 14,400 credit
Explanation:
MEDICARE 1.5% Social Security 6&
OASDI/HI $ 240000 3600 14400
FUTA&SUTA $ 35000 SUTA: 5.5% = 1925 FUTA 0.8% = 280
NET WAGES:
240,000 - 3,600 - 14,400 =222,000
payroll taxes:
the employe pays the same amount for OASDI and HI and also pays FUTA and SUTA
14,400 + 3,600 + 1,925 + 280 = 20,205
Qualified dividends may be subject to a marginal tax rate of 23.8 percent (20 percent for the capital gain and 3.8 percent tax on net investment income) for taxpayers with income over a certain threshold.
True or False?
Answer:
True
Explanation:
Qualified dividends are ordinary dividend that enjoy special tax privilege by being taxed at lower rate. The rate is based on specific tax rate which range from 0% to 20% depending on the income threshold. Though these dividends are taxed based on this specific lower tax rate compare to income tax rate, they are also subjected to net investment income of 3.8% if they earn above certain threshold.
However for dividends to be qualified, it must meet the two requirements given by the Internal Revenue Service (IRS). The requirements are:
*The dividend must have been paid by an entity incorporated in the United States or a qualifying foreign entity.
* The stock must have been held within the minimum holding period specified by the tax law.
So the answer is true because qualified dividends may be subject to a marginal tax rate of 23.8% for taxpayers with income over a certain threshold as explained above.
Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:
25 pizzas at $10 each
Rent of apartment, $600 per month
Gasoline and car maintenance, $100
Phone service (basic service plus 10 long-distance calls), $50
In the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $700, gasoline and maintenance have risen to $120, and phone service has dropped in price to $40.
a) Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year
Answer:
1. CPI in the subsequent year: 1,1352. Rate of inflation: 13.5%
Explanation:
1. Calculate the CPI
CPI is the consumer price index.
CPI is created using a basket of goods and services that are typically consumed.
In the given case the typical basket is:
25 pizzasRent of apartmentGasoline and car maintenancePhone service (basic service plus 10 long-distance calls).Then to find the CPI for a determined year you multiply each item by its price and then add up all the results.
For the base year, the expenditures per month were:
25 pizzas at $ 10: $10 × 25 = $250 Rent of apartment: $600Gasoline and car maintenance: $100Phone service (basic service plus 10 long-distance calls): $50Then, the CPI for the base year is:
CPI = $250 + $600 + $100 + $50 = $1,000The year following the base year, the expenditures per month are:
25 pizzas at $ 11 : $11 × 25 = $275 Rent of apartment: $700Gasoline and car maintenance: $120Phone service (basic service plus 10 long-distance calls): $40Then the CPI for the followng year is:
CPI = $275 + $700 + $120 + $40 = $1,1352. Calculate the rate of inflation
The rate of inflation is defined as the increase of the CPI of the given year with respect ot the base year:
The formula to calculate the rate of inflation is:
Inflation = (CPI of the year - CPI of the base year) / (CPF of the base year) × 100Inflation = [ (1,135 - 1,000) / (1,000)] × 100 = 13.5%Hence, the rate of inflation for the subsequent year is 13.5%
Lewis Industries owns 600,000 shares of Compton Corporation, which it originally purchased for $8 each. On December 1, 2020, Lewis declares it will distribute these shares to its stockholders as a dividend with a December 31 date of payment. The shares have a market price of $7 on the declaration date and $9 on the distribution date. If Lewis’ carrying value for the shares is $5, how much of a reduction in stockholders’ equity should it record as a result of this distribution?
Answer:
The equity will decrease through retained earnigns for 3,000,000 dollars
Explanation:
The company's accounting will distribute the shares at the carrying value of the shares which is $5 per share as for them that is how much they are worth.
600,000 shares x $5 each = $3,000,000
retained earnings 3,000,000 debit
investment on Comption 3,000,000 credit
The equity will decrease through retained earnigns for 3,000,000 dollars
The following represent activities in Marc Massoud’s Construction Company project.
a)Draw the network to represent this situation.
b)Which activities are on the critical path?
c)What is the length of the critical path?
Activity Immediate Predecessor(s) Time (weeks) Activity Immediate Predecessor(s) Time (weeks) A — 1 E B 2 B — 4 F C, E 7 C A 1 G D 2 D B 5 H F, G 3
Answer:
BEFH is the critical path of this project with total duration of 16 weeks
Explanation:
Activity Predecessor Time
A - 1
B - 4
C A 1
D B 5
E B 2
F C,E 7
G D 2
H F,G 3
First we draw the network diagram, as shown in the attachment, according to the predecessors of each activity.
Critical activties have zero float (i.e, difference in values of final and initial start or finish of activty)
Critical Path: BEFH
Length: As shown in figure the length of critical path is 16 weeks. In other words, it takes 16 weeks to complete the project.
Answer:
Explanation:
The activities on the critical path are BEFH
The length of the critical path is 16 weeks
Analytical CRM tools can slice-and-dice customer information to create made-to-order views of _________________. Multiple Choice customer spending customer value All of these are correct. customer segmentation
Answer:All of these are correct.
Explanation:CRM(customer relations management) is a concept applied by Organisations to help them manage their relationship with their customers,it helps to know what customers need and do the necessary changes or actions to meet them.
Analytical customer relationship management has to do with the analysis(slicing and dicing)carried out on customer information in order to understand the values customer have for a given product or service, customer spending choices and customer segmentation. Analytical CRM is very useful in making effective customer satisfaction and customer relationship.
In January 2000 Ecuador officially replaced its national currency, the Ecuadorian sucre, with the U.S. dollar. This practice is known as: A. bi-currencyism B. a Yankee bailout C. securitization D. dollarization
Answer: D. Dollarization
Explanation: Ecuador officially changing its currency to the US dollar means that it has substituted its Sucre with the Dollar. This is termed dollarization, also known as currency substitution, a process whereby a country, officially, or its residents, unofficially, adopting the US dollar or other foreign currency in parallel to or instead of the domestic currency. It has its advantages as well as disadvantages. Some of the advantages include lower administrative costs, a firm basis for a sounder financial sector, and lower interest rates. Its disadvantages ranges from the loss of monetary autonomy, national symbol as well as greater vulnerability to foreign influence among others.
Weber Company purchases $52,200 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that a. The Assembly Department used $31,900 of raw materials and $44,200 of the factory labor. b. The Finishing Department use the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.Journalize the assignment of overhead to the Assembly and Finishing Departments.
Answer:
This problem requires us to pass journal entry to assign overhead to the Assembly and Finishing Departments.
We know that overhead is allocated on estimation basis through applied overhead account. The basis of assignment is given in the question. The overhead will be assigne/recorded in relevant department work in process cost account. The journal entry is given below.
Debit Assembly WIP Account $ 70,720
(44,200*1.6 = 70.720)
Debit Finishing WIP Account $ 28,000
((62,200-44,200)*1.6 = 28,800)
Credit Factory Overhead applied Account $ 99,520
Manufacturing overhead is allocated to departments based on 160% of labor costs. The assembly department uses more labor thus gets assigned more overhead ($70,720) compared to the Finishing Department ($28,800).
The subject of this question is business, specifically the journalization of costs in a manufacturing firm. To address this, let's first lay out what we know.
The Assembly Department used $31,900 of raw materials and $44,200 of factory labour. The Finishing Department used the remainder which means they used ($52,200 - $31,900) of raw materials or $20,300 and ($62,200 - $44,200) of factory labour or $18,000.
Next, as per the information given, manufacturing overhead is assigned to the departments on the basis of 160% of labor costs. For the Assembly Department, this would be (160/100) * $44,200 which is equal to $70,720. For the Finishing Department, it would be (160/100) * $18,000 which is equal to $28,800.
Therefore, the assembly department is assigned $70,720 in overhead whereas the Finishing Department gets assigned $28,800.
Learn more about Cost Allocation here:https://brainly.com/question/34659373
#SPJ3
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $9,500; accounts receivable, $19,500; inventory, $35,000; equipment, $210,000; accumulated depreciation, $78,000; accounts payable, $75,000; salaries payable, $31,000; retained earnings, $21,000; and common stock, $69,000.
Prepare a balance sheet
The balance sheet of the Bowler Corporation for 2021 includes total assets of $196,000 (cash, accounts receivable, inventory, and net equipment), total liabilities of $106,000 (accounts payable and salaries payable) and total equity of $90,000 (common stock and retained earnings). The sum of total liabilities and total equity equals the total assets, corroborating the fundamental accounting equation.
Explanation:The Balance Sheet of Bowler Corporation for the year ending 2021 would look like this:
AssetsCash: $9,500Accounts Receivable: $19,500Inventory: $35,000Equipment: $210,000 less Accumulated Depreciation: $78,000 equals Net Equipment: $132,000Total Assets=$196,000
LiabilitiesAccounts Payable: $75,000Salaries Payable: $31,000Total Liabilities=$106,000
EquityCommon Stock: $69,000Retained Earnings: $21,000Total Equity=$90,000
Do note that the Total Assets is equal to Total Liabilities plus Total Equity which satisfies the fundamental accounting equation.
Learn more about Balance Sheet here:https://brainly.com/question/34287613
#SPJ3
Harlan Gravity Grips produces spike sets for track shoes. CEO Brittany Harlan has gathered the following information about the company’s sales volume and marketing cost for the past six months. Sales Volume Total Marketing Costs January 550,840 $82,788 February 390,728 $72,871 March 561,080 $83,092 April 543,000 $82,188 May 546,336 $82,492 June 552,544 $82,864 Collapse question part (a) Using the high-low method, compute the variable marketing cost per spike set. (Round unit cost to 2 decimal places, e.g. 12.50.) Variable marketing cost = $ per spike set sold
Answer:
0.06 per spike set sold
Explanation:
The computation of the variable marketing cost per spike set is shown below:
Variable cost per spike set = (High total marketing cost - low total marketing cost) ÷ (High sales volume - low sales volume )
= ($83,092 - $72,871) ÷ (561,080 - 390,728)
= $10,221 ÷ 170,352
= 0.06 per spike set sold
Hence, the variable marketing cost per spike set is $0.06
Relational integrity constraints enforce business rules vital to an organization's success and often require more insight and knowledge than relational integrity constraints. Question 33 options: True False
Relational integrity constraints ensure data quality and consistency in a relational database, while business rules are broader guidelines for organizational success. Relational integrity constraints focus on the database, while business rules consider the organization as a whole.
Explanation:Relational integrity constraints are rules that are applied to the data in a relational database to ensure its quality and consistency. These constraints can include primary key constraints, foreign key constraints, and other rules that define the relationships between tables in the database. They ensure that data is correctly and consistently stored and manipulated.
On the other hand, business rules are specific rules or guidelines that are defined by an organization to ensure its success and operational efficiency. These rules can include policies, regulations, and best practices that govern the behavior and actions of the organization's members.
In comparison, while relational integrity constraints primarily focus on the data integrity and consistency within a database, business rules encompass a broader scope and consider the overall goals and requirements of the organization. Both are important for the success of an organization, but business rules often require more insight and knowledge specific to the organization.
Learn more about Relational Integrity Constraints here:https://brainly.com/question/32245938
#SPJ6
Would you expect a brick-and-mortar retailer or an online retailer to have a higher asset turnover? Which supply chain drivers impact asset turnover?
I would expect an online retailer to have a higher asset turnover over a brick-and-mortar retailer because they are more adaptable to change as per the customers choice ,they have many choice options for their customers and are more relaxed with their product pricing strategy.
Explanation:
Asset turnover ratio is used to calculate the productivity of an asset.A company's productivity is directly proportional to its asset turn over ratio.
The formula for calculating
Asset Turnover Ratio =Total Sales of an asset/Average total asset
The supply chain drivers that affect asset turnover are Accounts receivable,inventory ,transportation,information, facilities,sourcing and pricing.
An online retailer typically has a higher asset turnover than a brick-and-mortar retailer due to fewer physical assets. However, key supply chain drivers like production, inventory, location, transportation, information, and sourcing also significantly impact asset turnover.
Explanation:Generally, an online retailer is likely to have a higher asset turnover than a brick-and-mortar retailer. This is because online retailers typically need fewer physical assets to operate and can therefore generate more sales per dollar of assets. However, other factors such as their inventory management and supplier relationships can also impact asset turnover.
The key supply chain drivers that impact asset turnover include production, inventory, location, transportation, information, and sourcing. Efficient management of these drivers can help reduce asset levels and increase sales, thus improving asset turnover. For instance, a company with efficient inventory management and supplier relationships may have a higher asset turnover ratio than its competitors even if it operates physical stores.
Learn more about Asset Turnover here:https://brainly.com/question/32197005
The incentives built into the market economy ensure that resources are put to good use and that opportunities to make people better off are not wasted.
This means that:
A) people usually are not selfish enough to exploit opportunities to make themselves better off.
B) markets move toward equilibrium.
C) resources should be used as efficiently as possible to achieve society's goals.
D) markets usually lead to efficiency.
Answer:
D) markets usually lead to efficiency.
Explanation:
The incentives built into the economy ensures that the efficiency is achieved in markets except in case of market failure.
Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on her $1,000 balance. All other things being equal, how much money will Addison have in her account in nine years?
Answer:
Addison will have $ 1,661 in her account in nine years.
Explanation:
This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.
This problem can be solved by using simple compounding formula given below.
Future Value = Present Value (1+interest rate%)^-period
Future Value = 1,000 (1+5.8)^9
Future = $ 1,661
Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years:Number of Visitors per Year: (thousands) Maintenance Costs ($000)1,925 $3,535 2,105 3,868 4,325 7,615Required:a. Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor. (Enter your answers in dollars not in thousands of dollars. Round "Variable cost" answer to 2 decimal places.) b. The company expects a record 2,800,000 visitors next year. What would be the estimated maintenance costs? (Enter your answer in dollars not in thousands of dollars.)
Answer:
formula for maintenance cost:
maintenance cost = 1.7 visitors + 262.5
cost for 2,800,000 visitors $5,022,500
Explanation:
We find and subtract low from high:
[tex]\left[\begin{array}{ccc}High&4325&7615\\Low&1925&3535\\Diference&2400&4080\\\end{array}\right][/tex]
With that we solve for the slope which is the variable cos:
cost 4080
Unis 2400
variable cost 1.7
now, we solve for the fixed cost:
Total Cost 7615.00
Variable 4325 x 1.7 = 7352.50
Fixed Cost 262.50
expected cost for 2,800 visitors:
(2800 x 1.7 + 262.5) x 1,000 = 5,022,500
Which of the following approaches would be best for gaining more insight into the problem? a. Call managers at other Kroger stores and see if they are experiencing similar problems meeting the average start of checkout time goal. b. Conduct a focus group with half a dozen or so cashiers and baggers to allow them an opportunity to identify issues with the checkout process and QueVision system. c. Interview customers to get their opinion about the checkout process.
Answer:
(c) Interview customers to get their opinion about the checkout process
Explanation:
Customers are those who buy goods or receive services from a business owner. Customers may sometimes not be the consumers because the customers may buy from the company and sell to other people to consume. The customers may also be the consumers at times when they consume what they bought. If customers do not buy from the business owners, they won't be consumers, thou consumers are gods in today's market and life wire of any business.Once customers are satisfied with the products and services provided to them by the company, they will continue to patronize the company and never substitute it for another company.Most companies start having problems or loose customers due to nonsatisfaction of goods and services render by the company. Therefore, interviewing the customers to get their opinion about the checkout process is the best approach for gaining more insight into the problem because they are in the best position to state why they are not patronising the company's product again.
Answer:
a. Conduct a focus group with half a dozen or so cashiers and baggers to allow them an opportunity to identify issues with the checkout process and QueVision system.
Explanation:
Your mom is thinking of retiring. Her retirement plan will pay her either $ 200 comma 000 immediately on retirement or $ 280 comma 000 five years after the date of her retirement. Which alternative should she choose if the interest rate is: a. 0 % per year? b. 8 % per year? c. 20 % per year?
Answer:
a. $280,000 after 5 years.
b. $200,000 immediately after retirement.
c. $200,000 immediately after retirement.
Explanation:
The future value of a $200,000 payment, after 5 years at a rate 'r' is:
[tex]F = 200,000*(1+r)^5[/tex]
For each rate 'r', your mom should only choose to receive the $200,000 immediately on retirement if F > $280,000, otherwise she should opt for the $280,000 in 5 years.
a. 0 % per year
[tex]F = 200,000*(1+0)^5\\F= \$200,000[/tex]
She should opt for the $280,000 after 5 years.
b. 8 % per year
[tex]F = 200,000*(1+0.08)^5\\F= \$293,865.62[/tex]
She should opt for the $200,000 immediately after retirement.
c. 20 % per year
[tex]F = 200,000*(1+0.2)^5\\F=\$497,664[/tex]
She should opt for the $200,000 immediately after retirement.
A revenue center manager:
a. would normally be held accountable for producing an adequate return on invested capital.
b. does not have the ability to produce revenue.
c. may be the manager who oversees the operations of a retail store.
d. may be involved with the sale of new marketing programs to clients.
e. often oversees divisional operations.
Answer:
d. may be involved with the sale of new marketing programs to clients.
Explanation:
A revenue center manager -
It refers to the person , who is responsible for the generation of the sales , is referred to as a revenue center manager .
A good revenue center manager is determined by his or her ability to generate the sales , not by the cost incurred .
Hence , from the given question,
The correct option is d.
The following information is available for Aikman Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $21,000 $30,000 Work in process inventory 13,500 17,200 Finished goods inventory 27,000 21,000 Materials purchased $150,000 Direct labor 220,000 Manufacturing overhead 180,000 Sales revenue 910,000 Instructions a. Compute cost of goods manufactured. b. Prepare an income statement through gross profit. c. Show the presentation of the ending inventories on the December 31, 2022, balance sheet. d. How would the income statement and balance sheet of a merchandising company be different from Aikman's financial statements?
Answer:
a. $537,300
b. Aikman Company
Income Statement
For the year ended December 31, 2022
Sales Revenue $910,000
Less: Cost of goods sold
Raw material, beginning 21,000
Add:Purchases 150,000
Raw materials available 171,000
Less: Raw material, end 30,000
Cost of raw material used 141,000
Add: Direct labor 220,000
Prime Cost 361,000
Add: Factory overhead 180,000
Manufacturing cost 541,000
Add: Work in process, beginning 13,500
Less: Work in process, Ending 17,200
Cost of Goods Manufactured 537,300
Add: Finished Goods, beginning 27,000
Less: Finished Goods, Ending 21,000
Cost of Goods Sold 543,300
Gross Profit $366,700
c. Raw materials, ending $30,000
Work in process, ending $17,200
Finished goods, ending $21,000
Total inventory $68,200
d. The difference in the balance sheet and income statement of Aikman Company to Merchandising company is that, Aikman income statement consists of expenses arising from the manufacturing of goods that the merchandising company never incur. In addition to that, Aikman Company has ending inventory of Raw materials, work in process and finished goods while the other merchandising company only has ending inventory of good purchased not yet sold.
Explanation:
a. Aikman's statement of goods manufactured is presented below.
Aikman Company
Statement of Cost of Goods Manufactured
For the year ended December 31, 2022
Raw material, beginning 21,000
Add:Purchases 150,000
Raw materials available 171,000
Less: Raw material, end 30,000
Cost of raw material used 141,000
Add: Direct labor 220,000
Prime Cost 361,000
Add: Factory overhead 180,000
Manufacturing cost 541,000
Add: Work in process, beginning 13,500
Less: Work in process, Ending 17,200
Cost of Goods Manufactured 537,300
b. Income statement of Aikman starts from the sales revenue that the company incurs for the period and then deduct the cost of goods sold to arrive the gross profit.
c. Aikman's inventory balance consists of Raw materials, work in process and finished goods balances.
The cost of goods manufactured for Aikman Company is calculated by adding materials, labor, and overhead costs to the opening WIP inventory and subtracting the ending WIP inventory. This is deducted from sales revenue to reveal gross profit. A merchandising company’s financial statements differ in that their COGS does not involve production costs.
To calculate the Cost of Goods Manufactured (COGM) for Aikman Company, we need to add the costs of materials, labor, and manufacturing overhead to the beginning Work in Process (WIP) inventory, and then subtract the ending WIP inventory. The COGM is the total cost incurred to manufacture products and transfer them into finished goods inventory during a set time period.
To prepare an income statement through gross profit, we need to subtract the COGM from the sales revenue. The balance left is the gross profit. The ending inventories would be presented under the current assets section in the balance sheet dated December 31, 2022.
Comparatively, a Merchandising company's financial statements differ mainly in terms of cost calculation. These companies directly purchase finished goods, thus their Cost of Goods Sold (COGS) would not include production costs such as direct labor or manufacturing overhead that are common for manufacturing companies like Aikman.
Learn more about Cost of Goods Manufactured here:
https://brainly.com/question/34217201
#SPJ6