At the end of the current year, the accounts receivable account has a debit balance of $4,500,000 and sales for the year total $81,500,000. Using this information, complete # 4 and # 5 below. 4. The a
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The accounts receivable turnover is _18.11_ times. 5. The average collection period is _20.15_ days.Main answer:Accounts receivable turnover:Accounts receivable turnover is the number of times a business collects its average accounts receivable per year.
The formula for accounts receivable turnover is the net credit sales divided by the average accounts receivable balance.The accounts receivable turnover is calculated by dividing net credit sales by the average accounts receivable balance for the period. The formula for accounts receivable turnover is: Accounts Receivable Turnover = Net Credit Sales / Average Accounts ReceivableThe accounts receivable turnover for this company is 18.11 times, according to the provided information. This indicates that the company receives its average accounts receivable balance 18.11 times per year on average. This is determined using the following calculation:Accounts Receivable Turnover = Net Credit Sales / Average Accounts ReceivableAccounts Receivable Turnover = $81,500,000 / $4,500,000Accounts Receivable Turnover = 18.11Average collection period:The average collection period is the amount of time it takes a company to collect its accounts receivable. This is calculated by multiplying the accounts receivable turnover by the number of days in the year (365) to determine the average number of days it takes a company to collect its accounts receivable.The average collection period is 20.15 days, according to the provided information. This indicates that it takes the company an average of 20.15 days to collect its accounts receivable. This is determined using the following calculation:Average Collection Period = 365 / Accounts Receivable TurnoverAverage Collection Period = 365 / 18.11Average Collection Period = 20.15
Based on the given data, the accounts receivable turnover and average collection period were calculated. The accounts receivable turnover ratio of 18.11 times indicates that the company collects its average accounts receivable balance 18.11 times per year on average. The average collection period of 20.15 days indicates that the company takes an average of 20.15 days to collect its accounts receivable.
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Related Questions
in its april, year 5, production, hern corp. incurred total production costs of $900,000. hern attributed $60,000 of that cost to spoilage resulting from waste occurring as part of the regular production process and $30,000 in spoilage resulting from scrapping some work-in-process due to a production error. hern should account for this spoilage as
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Hern should account for spoilage as a normal part of production process that results in a reduction in the quantity or quality of production.
What is Spoilage?Spoilage refers to a reduction in the quantity or quality of the output of a production process that occurs naturally during the process or due to errors and accidents. It may refer to the wasted resources, products, or supplies that are unfit or unsuitable for further use or sale.
Spoilage can be either normal or abnormal. Normal spoilage is inherent in the production process and is a cost of production. It is typically estimated and accounted for in the company’s budget and financial statements.
Abnormal spoilage, on the other hand, is the result of errors, accidents, or other unusual events that are not a regular part of the production process and can be reduced or eliminated with proper management or supervision. It is generally recorded as a loss or expense in the financial statements.
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If you focus on the present now, instead of focusing on your future concerns, you will be able to __________.
a. Gain more enjoyment from your leisure time
b. Avoid doing more work than necessary
c. Create a feeling of control in your life
d. All of the above
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In the case when we focus on the present so rather than focusing it we have to gain, avoid excess work, and control the feeling of control.
Importance of focus on the present:If we focus on the present rather than thinking of the future so automatically the present, as well as the future, will get better.
Due to this, we will be able to do the enjoyment arising from the leisure time, avoiding excess work, and developed a feeling for control in the life.
Hence, the option d is correct.
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Discuss for what reasons different business areas (accounting, finance, management and marketing) might use statistics.
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Statistics can provide valuable insights and help businesses make informed decisions in a range of areas, including finance, accounting, management, and marketing.
Different business areas such as accounting, finance, management, and marketing might use statistics for various reasons. In accounting, statistics can be used to analyze financial data, evaluate financial performance, and identify trends. For instance, accountants can use statistical tools to calculate financial ratios, such as return on investment (ROI), profit margins, and liquidity ratios, to assess the financial health of a business.
In finance, statistics can be used to evaluate investments, assess risks, and develop financial models. For example, financial analysts can use statistical tools to calculate the expected returns and volatility of different investment options, and create financial models that simulate various scenarios to help investors make informed decisions.
In management, statistics can be used to monitor and improve business operations, measure performance, and identify opportunities for growth. For instance, managers can use statistical tools to track sales data, analyze customer feedback, and measure employee performance, and make data-driven decisions to optimize business operations.
In marketing, statistics can be used to analyze customer behavior, target audiences, and measure campaign effectiveness. For example, marketers can use statistical tools to conduct market research, segment customers, and track conversion rates, and use this information to develop effective marketing strategies that reach and engage target audiences.
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According to recent data collected by researchers at the University of Maryland’s Robert H. Smith School of Business, there is a correlation between hospital readmission rates and how full the hospital was at the time of discharge. This suggests that many patients went home earlier than they should have.
"The main point is that the discharge rate goes up as the beds begin to fill up, which is what you’d expect to a certain degree," said David Anderson, co-author and researcher for the studies. "First reason is if you have extra beds available, people stay an extra night as a precautionary measure. If beds are in high demand, you might send people home earlier than you may have if there were extra beds. Many patients may have not been ready to go home, however, it’s not done on purpose – the patients who were sent home appeared to be healthy."
The correlational value was r = .257 of the 100 patients studied. Which of the following would be the best recommendation to the researchers?
Select one:
a. Statistically significant, however, the strength is rather weak.
b. Not statistically significant, and the strength is rather weak.
c. This study is flawed.
d. Not statistically significant, however, the strength is noteworthy.
e. Statistically significant, with a large enough sample size to conclude the findings
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The best recommendation to the researchers would be option b. Not statistically significant, and the strength is rather weak.
The given information states that there is a correlation between hospital readmission rates and how full the hospital was at the time of discharge. The correlational value (r) of the 100 patients studied is reported to be 0.257.
To determine the significance and strength of the correlation, it is important to consider both statistical significance and the magnitude of the correlation coefficient. In this case, the recommendation suggests that the correlation is not statistically significant and the strength of the correlation is rather weak.
When a correlation is not statistically significant, it means that the observed relationship between the variables is likely due to chance and not a true association in the population. Therefore, the findings may not be reliable or generalizable.
Additionally, a correlation coefficient of 0.257 indicates a relatively weak correlation. Correlation coefficients range from -1 to 1, with values closer to 0 indicating a weaker relationship. In this case, the correlation coefficient suggests that there is a positive correlation between hospital readmission rates and hospital occupancy, but the strength of the relationship is not very strong.
Based on these considerations, option b is the most appropriate recommendation. It acknowledges that the correlation is not statistically significant and highlights the weak strength of the relationship.
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An example of __________ is being asked to accept a job transfer to another town in an undesirable location or to have one's employment with an organization terminated.
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An example of avoidance - avoidance conflict is being asked to accept a job transfer to another town in an undesirable location or to have one's employment with an organization terminated.
Kurt Lewin, a psychologist, made significant strides in the study of conflict, which he defined as the collision of a person's two primary inclinations.
He distinguished three basic types of conflict in his research on it: approach-approach, approach-avoidance, and avoidance-avoidance.
When a person must choose between two favorable options, such as between two expensive cars to buy, approach-approach conflict occurs.
When a person must choose between two options, each of which has positive and negative repercussions, they are in an approach-avoidance dilemma.
The term "avoidance-avoidance conflict" in psychology refers to situations in which a person postpones making a choice because they do not like either of their options.
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The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
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Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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A contingent liability which should be disclosed on the balance sheet but does not require footnote disclosure. (true/false)
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A responsibility or possible loss that could materialize in the future based on how a particular occurrence plays out is known as a contingent liability.
What is contingent liability?A responsibility or possible loss that could materialize in the future based on how a particular occurrence plays out is known as a contingent liability. Contingent liability can take the form of pending investigations, product warranties, and potential lawsuits. Liabilities that may be incurred by a company dependent on the result of an uncertain future event, such as the result of an ongoing lawsuit, are known as contingent liabilities.
When they are both probable and reasonably estimable as a "contingency" or "worst case" financial consequence, these obligations are not recorded in a company's records and are not displayed on the balance sheet. The kind and size of the contingent liabilities may be described in a footnote to the balance sheet. It is feasible to categories a loss's possibility as remote, improbable, or probable.
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A research paper which has been turned in for credit is a final product. please select the best answer from the choices provided t f
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It is a true statement that a research paper which has been turned in for credit is a final product.
What is a research paper?This means the document that entails all the research chapter on a research topic.
When it is presented for approval or credit, it is often a final product before the submission.
Therefore, it is a true statement.
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Andrea has a health insurance deductible pf $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?
A. $5,000
B. $33,000
C. $0
D. $38,000
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b is right answer I think
$5,000 is the amount she will pay out of pocket on her annual medical bills.
Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.
In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.
Information given
Deductible = $5,000
Total claim = $49,000
Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.
_____________________ are the five promotion mix tools used by marketers to communicate customer value.
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Answer:
AdvertisingPersonal SellingSales PromotionsDirect MarketingPublic Relations (PR).Advertising, public relations, personal selling, sales promotion, and direct and digital marketing are the five promotion mix tools used by marketers to communicate customer value.
What do you mean by Promotion?All of the activities that inform consumers about a product, brand, or service are referred to as promotions.
The promotion mix is a collection of advertising mediums that marketers utilize to reach their target market. It is frequently referred to as the communications mix because it is a crucial part of marketing communications.
The promotion mix budget, the promotion mix instruments (such as advertising, personal selling, sales promotions, direct marketing, and public relations), and the promotion mix tactics make up the promotional mix's four primary components.
Therefore, Advertising, public relations, personal selling, sales promotion, and direct and digital marketing tactics make to a company's overall promotion mix. Customers are engaged, customer value is convincingly communicated, and connections with customers are developed using the tools.
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While training is often the first thing to go in tough economic times (and sometimes is never addressed at some companies), training employees at PlastiPharm always receives high priority. Training focuses on safety, quality, expert equipment operation, and accurately following processes to ensure things are done right the first time. How does the company benefit because of this training approach?
The company benefits by helping new employees connect with the company vision.
The company benefits by training employees to collaborate with each other.
The company benefits from lower costs, higher quality, and less waste.
The company benefits by creating a pipeline for future company leaders.
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The company benefits from lower costs, higher quality, and less waste.When employees undergo training, it improves their skills and knowledge of the job and builds their confidence in their abilities.
What are the benefits if you will control waste and costs?The bottom line is that preventing waste will save you money. By consuming and throwing away less, you will reduce the need to handle, treat, and dispose of waste. Waste prevention can take many forms, including: Purchasing durable, long-lasting materials.Saves energy. Reduces greenhouse gas emissions that contribute to global climate change. Helps sustain the environment for future generations. Reduces the amount of waste that will need to be recycled or sent to landfills and incinerators.Recycling saves energy, helps keep materials out of landfills and incinerators, and provides raw materials for the production of new products. When waste cannot be prevented, recycling is the next best option. Recycling is more than extending the life of landfills.Waste reduction is more cost-effective than recycling because it reduces the amount of material that needs to be collected, transported and processed. Waste reduction can save money for businesses and institutions of any size.To learn more about company benefits refer to:
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The increased number of news and infotainment options has resulted in __________ in which media outlets focus on a particular interest and aim at a particular audience.
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The increased number of news and infotainment options has resulted in a phenomenon known as media fragmentation, in which media outlets focus on a particular interest and aim at a particular audience.
As a result of media fragmentation, audiences are increasingly able to choose from a range of news sources that align with their political beliefs, personal interests, and lifestyle preferences. This has led to a decline in traditional mass media outlets, such as newspapers and broadcast news, which have struggled to adapt to the changing media landscape.
While media fragmentation has created new opportunities for targeted advertising and audience engagement, it has also raised concerns about the role of media in shaping public opinion and political discourse. Some critics argue that media fragmentation has contributed to the rise of echo chambers, in which individuals are only exposed to information.
Overall, media fragmentation has fundamentally changed the way we consume and interact with news and information, and has challenged traditional models of media ownership and control.
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how come ethics impact on psychology
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Answer:
Ethical implications are the impact in which psychological research could have on the rights of individuals. This could be how the research affects public policy or the way in which certain groups are viewed or treated.
Explanation:
Discuss intellectual property frankly.
Be conscious of multiple roles.
Follow informed-consent rules.
Respect confidentiality and privacy.
Tap into ethics resources
Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
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Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
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Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Q2: Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and
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a. Reject water quantity would be 0.8735 times the total water usage. b. The TDS content of the reject water is 390.16 ppm .c. $1.14 money throw away in their reject stream. d. treated and put to use for a variety of things
Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water for their beer production. They mix the RO water with fresh Tucson water to achieve the desired total dissolved solids (TDS) content for brewing. Given the TDS levels of the feed water, RO water, and desired brewing water, the following calculations can be made to determine the total water usage, reject water sent to the sewer, and the TDS content of the reject water.
a) To determine the total water usage and reject water quantity, we need to calculate the amount of RO water and fresh Tucson water used. Since they need 14 bbls of water per day, the total water usage would be 14 bbls. The reject water produced by the RO system is 87.35% of the feed water, so the reject water quantity would be 0.8735 times the total water usage.
b) The TDS content of the reject water can be calculated by multiplying the TDS level of the feed water (419 ppm) by the concentration factor (87.35) and dividing it by the sum of the concentration factor and 1 (87.35 + 1). This calculation yields a TDS content of the reject water of approximately 390.16 ppm.
Therefore, Pueblo Vida Brewing uses a total weight of 1636.9 kg of water per day, with 47475.75 kg of reject water sent to the sewer.
c) The daily volume of water rejected is 379.01 litres, or 0.37901 cubic metres. Water price per m3 is $3.00. Daily cost of rejected water is $3.00 multiplied by 0.37901 m3/day, or $1.14.
d) Rejected water may be treated and put to use for a variety of things. In the industrial, it can be utilised for cooling reasons. As an alternative, the business can sell it to other sectors of the economy that need water for their operations. The business may also utilise this water to irrigate grass or plants outside the building.
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The Complete question is
2) Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and total dissolved solids (TDS) in the inlet water can have an impact on the flavor. The feed water to PVB from the city of Tucson has TDS about 419 ppm by mass. The RO unit produces water that has a TDS level of 53 ppm by concentrating the rejected TDS in a stream that is 87.35 of the feed water. To brew beer, they can actually have a TDS content of 150 according to Charlie Border, one of their brewers. Since they cannot run the RO unit at a lower level, they mix fresh Tucson water back into the RO water after it is produced. If they are making a brewing batch that requires 14 bbls of water/day:
a) How much total water do they use and how much reject water would they send to the sewer in a day, in kg/day?
b) What is the TDS content of the reject water, in ppm?
c) How much money do they throw away in their reject stream per day, if they were to dump the water?
d) What could they do with this water?
which of these would be considered a bank liability? i. $5,000 in cash reserves held in the bank's vault ii. $15,000 loan made to a customer to finance a new car iii. $20,000 deposit made by a customer into her savings account group of answer choices i only iii only ii only ii and iii
Answers
The option that will be considered a bank liability is $20,000 deposit made by a customer into her savings account.
Therefore, option B (iii only) is the correct answer.
What is Bank Liability?A debt or financial responsibility of the bank is referred to as a "bank liability," such as interest due to other banks and other debts payable. You can categorize assets and liabilities as current or noncurrent. It is anticipated that present assets will add value in the near future.
Therefore, whenever a customer deposits money in a bank, the bank becomes accountable to that consumer since bank liabilities are the debts that a bank incurs and what a bank owes.
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8) A simplified representation of the real world that is used to explain economic phenomena is a(n) A) viewpoint. B) model. C) assumption. D) implication. Group of answer choices
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An economic model can be understood as a representation of the real world used to explain economic phenomena, through hypotheses that can be tested.
Classes of economic modelsThere are theoretical and empirical classes. The theoretical model aims to verify economic behavior through quantitative answers to questions. The empirical class, on the other hand, analyzes the qualitative predictions of theoretical models.
Therefore, an economic model describes economic behavior through the use of mathematical equations to understand economic phenomena.
The correct answer is:
B. Model
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When analyzing assets, which analysis method assigns financial values to assets?.
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Quantitative analysis assigns a financial value or assignment of real numbers and the cost required to recover from a loss to the asset.
What are quantitative methods?Quantitative approaches stress objective measurements and statistical, mathematical, or numerical analysis of data gathered through polls, questionnaires, and surveys, as well as through modifying pre-existing statistical data using computational tools. Online surveys, paper surveys, mobile surveys and kiosk surveys, face-to-face interviews, telephone interviews, longitudinal studies, website interceptors, online polls, and systematic observations are all examples of quantitative data collection approaches. Quantitative research is classified into four types: descriptive, correlational, causal-comparative/quasi-experimental, and experimental.tries to identify cause-effect correlations between variablesThese designs are quite similar to genuine experiments, but there are some major distinctions. Quantitative methods are used by researchers to observe situations or events that affect people.Quantitative research generates objective data that may be expressed concisely using statistics and figures.To learn more about quantitative methods refer
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Unlimited wants + limited resources = what is the answer?
Answers
Answer:
People never get enough of what they want or need
Explanation:
Unlimited wants and needs are one half of the basic troubles of scarcity that has troubled humanity since the beginning of time. The other half of the scarcity problem is limited resources. The reason why we always want something is because our brains are actually made to be attracted to novelty. So, we always seek ti learn new things and experiences.
(I hope this was accurate and helpful)
What would be a mutual fund mix that you would suggest for a teacher who is in his/her 20’s? Explain your reasoning
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For a teacher in their 20s, a suggested mutual fund mix would be a combination of growth-oriented funds and diversified index funds.
Considering the teacher's age and longer investment horizon, a significant portion of the mutual fund mix can be allocated to growth-oriented funds. These funds typically invest in companies with strong growth potential, such as technology, healthcare, or emerging market sectors. The goal is to achieve capital appreciation over time, taking advantage of the potential for higher returns associated with growth stocks.
Additionally, including diversified index funds in the mix can provide broad market exposure and further diversify the portfolio. These funds track a specific index, such as the S&P 500, and offer exposure to a wide range of companies across different sectors. Diversification helps reduce the impact of individual stock volatility and spreads risk across multiple investments.
By combining growth-oriented funds and diversified index funds, the teacher can benefit from the growth potential of specific sectors while maintaining a balanced portfolio.
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Assume Global Cleaning Service had a net income of $570 for the year, Global Cleaning Service's beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service's return on assets (ROA).
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Global Cleaning Service's return on assets (ROA) is 13.1%, which indicates that the company generated $0.131 in net income for every dollar of total assets during the year.
What's ROAROA is a financial ratio that indicates the profitability of a company in relation to its total assets. It is calculated by dividing the net income by the average total assets.
In this case, Global Cleaning Service had a net income of $570 for the year. The beginning total assets were $4,520, and the ending total assets were $4,180.
To calculate the average total assets, we can add the beginning and ending total assets and divide by 2:
Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2
Average Total Assets = ($4,520 + $4,180) / 2
Average Total Assets = $4,350
Now, we can calculate the ROA:
ROA = Net Income / Average Total Assets
ROA = $570 / $4,350
ROA = 0.131 or 13.1%
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the cost of equipment is often recognized over its useful and recorded on the income statement as
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The cost of equipment is often recognized over its useful and recorded on the income statement as Depreciation.
Initially, the cost of purchasing equipment is not shown on the revenue statement. Instead, it is shown as a rise in the line item for fixed assets on the balance sheet.
The cost a piece of equipment incurs while in use is known as an equipment expense. Depreciation is one expense related to the equipment. Equipment expenses are categorized under operating expenses since depreciation is reported as an equipment expense on an income statement.
Thus, it is Depreciation.
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a firm owns a warehouse that it rents out. under ifrs, the firm may report the value of this asset on its balance sheet using:
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The most correct statement regarding increasing the probability of getting accepted for a new loan by making a large down payment is as follows:
Making a large down payment can improve your chances of getting accepted for a new loan.
When applying for a loan, lenders assess the borrower's creditworthiness and evaluate the risk involved in lending them money. A larger down payment reduces the loan amount needed and decreases the lender's risk exposure. This increased equity in the transaction makes you a more attractive borrower and demonstrates your financial commitment to the loan.
By making a substantial down payment, you lower the loan-to-value ratio (LTV), which is the percentage of the loan amount compared to the appraised value of the property or asset being financed. A lower LTV indicates that you have more stake in the investment, making the loan less risky for the lender. As a result, lenders may view your loan application more favorably and be more inclined to approve your loan.
While other factors such as credit history, income, and debt-to-income ratio also play a role in loan approval, a large down payment can positively impact your loan application by reducing the lender's risk and increasing the likelihood of acceptance.
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At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumulative preferred stock. Net income for 2022 was $20 million. No dividends were declared in 2022. EPS for 2022 was: rev: 03_01_2021_QC_CS-255248 Multiple Choice $0.32. $0.37. $0.40. $0.48.
Answers
The dividend is a payout of profits from a firm to its investors. As long as a corporation makes a profit or surplus, it can distribute a part of that profit to shareholders. Any money left over is re-invested money into the organization. So, the answer is "\(\bold{\$0.32}\)" and its calculation can be defined as follows:
Given:
The Net income for \(\bold{2022= \$20\ million}\)
Common shares = \(4 \ million\)
share= \(10\%\)
Cumulative preferred stock= \(\$10\)
\(\to \bold{\frac{[\$20 - (10\% \times \$10\ par \times 4)]}{50}}\\\\\to \bold{\frac{[\$20 - (0.10 \times \$40\ par)]}{50}}\\\\\to \bold{\frac{[\$20 - \$4\ par]}{50}}\\\\\to \bold{\frac{[\$16]}{50}}\\\\\to \$ 0.32\)
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Two grams of musk oil are required for each bottle of mink caress, a very popular perfume made by a small company in western siberia. the cost of the musk oil is $2.10 per gram. budgeted production of mink caress is given below by quarters for year 2 and for the first quarter of year 3:
Answers
Answer:
Since there is not enough room here, I used an excel spreadsheet and attached it.
Explanation:
Year 2 Year 3
First Second Third Fourth First
Budgeted prod. 84,000 114,000 174,000 124,000 94,000
in bottles
Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter’s production needs. Some 33,600 grams of musk oil will be on hand to start the first quarter of Year 2.
Arch gives you an amended Form W-4 dated March 15, 2006, on which he claims two additional withholding allowances. He asks you to refund the excess taxes that were deducted from January 1 to March 15 when Arch claimed only one withholding allowance. You should:a.repay the overwithheld taxes on Arch's next payday.b.tell Arch that you will spread out a refund of the overwithheld taxes equally over the next six pays.c.inform Arch that you are unable to repay the overwithheld taxes that were withheld before March 15 and that the adjustment will have to be made when he files his annual income tax return.d.tell Arch to write the IRS immediately and ask for a refund of the overwithheld taxes.e.inform Arch that you will appoint a committee to study his request.
Answers
As a result, you must repay the overwithheld taxes on Arch's next payday. Therefore, option A is correct.
What should you do?When an employee files an amended W-4 claiming additional allowances, the employer must withhold the appropriate amount of income tax from the employee's paycheck.
If the employer fails to withhold the correct amount of tax, the employee may be overwithheld for a portion of the year, resulting in a refund of the overpaid taxes to the employee.
The appropriate procedure for overwithholding is to repay the overwithheld taxes on Arch's next payday.It is the responsibility of the employer to ensure that the correct amount of taxes is withheld from an employee's paycheck.
If an employee overpays taxes due to an employer's failure to withhold the correct amount of tax, the employee may be eligible for a refund of the excess taxes withheld.
As a result, the employee must repay the excess taxes that were withheld from their paycheck.Arch has filed an amended W-4 and claimed additional allowances, resulting in overpayment of taxes.
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Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answers
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
Copy the sample kitchen budget worksheet to the current workbook
Answers
The total section will automatically calculate the sum of the planned budget and actual expenses.I can provide you with a general template for a kitchen budget worksheet that you can create in your current workbook.
Here's a sample format:
Kitchen Budget Worksheet:
Category Planned Budget Actual Expenses
Groceries [Enter amount] [Enter amount]
Dining Out [Enter amount] [Enter amount]
Kitchen Supplies [Enter amount] [Enter amount]
Appliances [Enter amount] [Enter amount]
Utilities [Enter amount] [Enter amount]
Repairs and Maintenance [Enter amount] [Enter amount]
Miscellaneous [Enter amount] [Enter amount]
Total [Sum of planned budget] [Sum of actual expenses]
In this worksheet, you can enter the planned budgeted amounts for each category and update the actual expenses as you make purchases or incur costs.
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product variety in monopolistic competition comes at the cost of multiple choice nonprice competition. diminishing returns. barriers to entry. excess capacity.
Answers
Product variety in monopolistic competition comes at the cost of nonprice competition. Therefore, option A is correct.
Monopolistic competition is a market structure characterized by a large number of firms that produce differentiated products, giving them some degree of market power.
Each firm has the freedom to set prices and engage in nonprice competition, such as advertising, branding, and product differentiation, to attract customers.
Unlike perfect competition, monopolistic competition allows for product differentiation, which enables firms to have some control over pricing and customer loyalty.
While there may be low barriers to entry, firms in monopolistic competition often operate with excess capacity due to the differentiation and variety of products offered in the market.
Therefore, option A is correct.
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Most probably, your complete question is this:
Product variety in monopolistic competition comes at the cost of which of the following? Choose the correct option:
A. Nonprice competition.
B. Diminishing returns.
C. Barriers to entry.
D. Excess capacity.