Answers
In international sales, the preapproach stage of a personal selling process is crucial since customs regulations govern the proper business practice.
Describe custom.Import duty, tariff, import tax, or import tariff are other names for import duty. When imported products initially enter the country, import duty is assessed. A number of international organizations and treaties directly affect import taxes.
What are the primary goals of custom?Customs fees are levied on all goods sold within the country, even those that are imported, with the goal of protecting local economies. The primary purpose of taxes is to bring in revenue for the government.
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Related Questions
X and Y Software Company claims that their antivirus software can remove virus without
scanning the system and updates
Answers
Answer:
This is a pure case of marketing strategy. Because technicaly no antivirus software can detect viruses without scanning the system unless or until it keeps running always within the system.
This is purely a marketing strategy issue. Technically speaking, no antivirus program can find viruses without scanning the system unless or until it is constantly running on the machine.
What is Software?Software is a collection of computer programmes along with supporting files and information. In contrast, hardware is what the system is made of and what actually does the work.
Some antivirus programs might contain basic capabilities for removing active viruses, but modern malware is adept at hiding on the infected machine so that it can be re-initiated at a later time. As a result, these basic tools might not be able to entirely eradicate infestations.
Antivirus software should be able to: Detect a very broad spectrum of existing dangerous programs—ideally, all malware—in order to provide comprehensive computer security. identifying fresh iterations of recognized Trojan viruses, worms, and computer viruses.
Therefore, This is a marketing strategy issue.
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A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it A. only shows G-rated movies. B. has no monopoly pricing power. C. cannot easily distinguish between the two groups of customers. D. can prevent children from buying the lower-priced tickets and selling them to adults.
Answers
The major way through which a movie theatre can increase its profits through price discrimination is by charging more to the adults and a lower price to children if it:
D. Can prevent children from buying the lower-priced tickets and selling them to adults.Price discriminationWe should note that a G rated movie is one which is suitable for people of all ages and this cannot be used to create a price discrimination as this essentially means that only a group of people can view and there is a different price for the ticket.
How movie theatres apply price discriminationWith this in mind, we can see that if the movie theatre charges a lower price for children, then if it shows only G rated movies, if it can prevent children from buying the lower priced tickets, then they would increase their profits.
Therefore, the correct answer is option D
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How is emotional intelligence related to motivation?
Answers
Answer:
Emotional intelligence means being self-motivated
Self-motivation relates to internal drive. Emotionally intelligent individuals understand the deeper meaning of their goals and the self-motivation skills required to achieve them.
Answer:
The results show that emotional intelligence is positively related to positive emotions and negatively related to negative emotions. Positive emotions positively predict both self-motivation towards physical education classes and resilience. Resilience positively predicts self-motivation.
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2.
Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6.
Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2013.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1
2
3
4
5
6
7
8
9
Answers
Answer:
Wainwright Corporation
ASSETS = Liabilities + Paid-in Capital + Retained Earnings
1 . Assets (Cash) increase $30,000 = Liabilities + Paid-in Capital increase $30,000 + Retained Earnings
2 . Assets (Equipment) increase $40,000 and (Cash) decrease -$10,000 = Liabilities increase $30,000 + Paid-in Capital + Retained Earnings
3 . Assets (Inventory) increase $90,000 = Liabilities (Notes Payable) increase $90,000 + Paid-in Capital + Retained Earnings
4 . Assets (Inventory) decrease -$70,000 + (Accounts Receivable) increase $120,000 = Liabilities + Paid-in Capital + Retained Earnings increase $50,000
5 . Assets (Cash) decrease -$5,000 + (Insurance Prepaid) increase $5,000= Liabilities + Paid-in Capital + Retained Earnings
6 . Assets (Cash) decrease -$6,000 = Liabilities + Paid-in Capital + Retained Earnings -$6,000
7. Assets (Cash) decrease -$70,000 = Liabilities (Accounts Payable) decrease -$70,000 = Paid-in Capital + Retained Earnings
8 . Assets (Cash) increase $55,000 and decrease (Accounts Receivable) -$55,000 = Liabilities + Paid-in Capital + Retained Earnings
9. Assets (Equipment) decrease -$1,000 = Liabilities + Paid-in Capital + Retained Earnings decrease -$1,000.
Explanation:
a) The accounting equation states that Assets are equal to Liabilities Plus Paid-in Capital Plus Retained Earnings. This equation is very important in accounting as it keeps the two sides of the balance sheet in balance. The equation shows that assets are funded by liabilities or equity or profits from operation.
b) When common stock is issued for cash, Assets increase and Paid-in Capital increase.
c) The purchase of equipment increases Assets by $40,000 and decreases Assets by $10,000 (for cash payment) and increases Liabilities by $30,000 as note payable.
d) Assets increase by $90,000 with inventory purchased on account and Liabilities (Accounts Receivable) increases by the same amount.
e) Payments for Rent for March will decrease Assets (Cash) and decrease Retained Earnings.
f) The Insurance cost of $6,000 paid in advance will decrease Assets (Cash) and increase Assets (Insurance Prepaid) without affecting the other side of the equation.
g) Depreciation expense also decreases Assets (Equipment) and decreases the Retained Earnings by $1,000 respectively.
Scenario 1: You walk into the kitchen and notice that an employee is using the same cutting board for raw vegetables that they used for raw chicken. What do you do?
Answers
After walking into the kitchen when I noticed that that an employee is using the same cutting board for raw vegetables that they used for raw chicken, I would immediately contact the supervisor or try telling the employee that, it is not hygienic.
Who is a supervisor?A supervisor, also known as a leader, is a lower-level management position with control over employees or a workplace.
If a cook uses a cutting board or knife to cut raw poultry and then uses the same knife or cutting board to slice raw veggies without washing it, the vegetables may be contaminated by chicken germs.
After cutting raw meat, poultry, or seafood on our cutting block, completely clean it with hot soapy water, disinfect it with chlorine bleach or another sanitizing solution, and rinse it with clean water.
Therefore, the scenario shows an unsafe practice, and the employee must be trained properly.
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Question 1
Points out of 10.0
This year's revenue for your restaurant was
$105568. Your goal is a growth of 10% per
year. What is your revenue forecast for next
year? Round to the nearest cent.
Answer: for a restaurant
Answers
15. SHORT-RUN PROFIT MAXIMIZATION Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
a) The output rate and price that the monopolist operates at are 100 units and $5 per unit because, at this point, the marginal cost equals the marginal revenue.
b) In the equilibrium, the monopolist's total cost and total revenue are approximately $1,050.
c) The monopolist's economic profit or loss in equilibrium is $0.
Who is a monopolist?Economists define a monopolist as an entity that controls the market for a particular good or service within a locality.
Data and Calculations:Total cost at equilibrium = $1,050 (150 x $7)
Total revenue at equilibrium = $1,050 ( 150 x $7)
Economic profit or loss in equilibrium = $0 ($1,050 - $1,050)
Thus, when a single seller or producer exists for a unique product in the market, it shows the existence of a monopoly.
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Which of the following helps make the management process efficient?
Answers
Answer:
Explanation:
Efficient processes require constant monitoring and optimization to observe an increase. As the famous management consultant Peter Drucker said, “If you can't measure it, you can't manage it”. Any process you have should be measurable to take action and improve process efficiency.
What is the equilibrium price
Answers
The equilibrium price refers to the cost of goods and services for the consumer where the forces of market supply are equal to the forces of market demand.
What do you mean by Price?A price refers to the money that needs to be paid for acquiring a particular good, product, or service.
When the supply of goods and services is equal to the demand of goods and services, it is known as an equilibrium price.
The market is in a state of equilibrium when the forces of supply and demand are equal.
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Assume that you are running for president of a local sports club, for which there is another contender. Although you have administrative experience in managing sports clubs, the other contender is a professional sportsperson. Most of the club members consist of retired sports personnel, commentators, and sports journalists, most of whom feel that the club lacks the latest equipment, proper restrooms, and secure locker facilities. Write a statement to be emailed to each member, clearly stating what you would do for the club once elected.
Answers
Answer:
Jeepers
Explanation:
After the merger of two cable TV companies, the HR Department at the new company had to figure out which employees should be laid off, transferred to other units, or recruited and brought into the organization. The activity that the HR Department was engaged in is called:
Answers
Human Resource Planning is the term used to describe the activity the HR Department was involved in.
What does "human resource planning" mean?Planning for human resources (HRP) definition: A business may utilize human resource planning to balance its workforce flow and avoid issues like team member shortages of surpluses. This guarantees that the company has the proper individuals with the necessary abilities to develop a strong workforce.
What the importance of human resource planning?
It aids in carrying out the organization's long-term strategies for growth, diversification, and modernization. The organization's needs are met by having the appropriate number and type of people on hand when needed thanks to human resource planning.
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Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan interest and $1,200 for a contribution to her IRA. She had the following income:
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If Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya's adjusted gross income is: e. $23,564.
How to find the Adjusted gross income?Tanya Adjusted gross income (AGI)
Wages $22,594
Add Bank interest $320
Add Unemployment $250
Add Alimony (Pre 2018) $2,400
Total gross income $25,564
Claim adjustments:
Less Student loan interest ($800)
Less IRA (1,200)
Taxable income $23,564
($25,564 - $1800 - $1200)
Therefore we can conclude that her taxable income is the amount of $23564.
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The complete question is:
Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income:
Wages $22,594
Bank interest $320
Unemployment $250
Alimony (Pre 2018) $2,400
What is her AGI?
Choose one answer.
a. None of theseb. $24,994c. $25,564d. $22,594e. $23,564
1.
Marketing can be viewed as consisting of two general tasks; (1) finding out what
consumers need and then (2) developing strategies to satisfy those needs.
Propose the process of how marketers go about determining and satisfying
customer needs for lounge-wear during the pandemic?
[40 marks, 400 words)
Answers
Finding out what consumers need;
To determine your consumers' demands, collect input from them at each stage of your process. You may discover consumer requirements in a variety of methods, such as through focus groups, monitoring to your consumers or social networking sites, or doing keyword research.Effects of pandemic on marketing;
Epidemic has led in adjustments to promoting, marketing, commercial, and media spending, requiring businesses and kinds to rethink existing and future advertising and marketing efforts in order to maintain a steady stream of economic reward.
Pandemic has rendered people's lives and livelihoods helpless all over the world. It has also prompted a reassessment of what client care entails for vulnerable individuals and hence the potential customers that serve them. Examining customer journeys and satisfaction indicators to determine what consumers would want to have given rise to an extreme need to cope with what they have.
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Which of the following is a characteristic of a corporation?
Shareholders are generally not personally liable for the business's obligations
and liabilities.
The corporation must have an elected board of directors.
The corporation is a separate taxable entity from its owners.
All of these answers
Answers
The Hub Store at a university in eastern Canada is considering purchasing a self-serve checkout machine similar to those used in many grocery stores and other retail outlets. Currently the university pays part-time wages to students totalling $64,000 per year. A self-serve checkout machine would reduce part-time student wages by $44,000 per year. The machine would cost $420,000 and has a 10-year useful life. Total costs of operating the checkout machine would be $6,800 per year, including maintenance. Major maintenance would be needed on the machine in five years at a total cost of $11,800. The salvage value of the checkout machine in 10 years would be $49,000.
The CCA rate is 25%. Management requires a 10% after-tax return on all equipment purchases. The company’s tax rate is 30%.
1. Determine the before-tax net annual cost savings that the new checkout machine will provide.
2-a. Using the data from (1) above and other data from the exercise, compute the checkout machine’s net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Negative value should be indicated with minus sign.)
2-b. Would you recommend that the machine be purchased?
Answers
The before-tax net annual cost savings that the new checkout machine will provide is $54,840 per year.
How do you determine the values?To determine the before-tax net annual cost savings that the new checkout machine will provide, we need to calculate the difference between the current part-time student wages and the total operating costs of the checkout machine.
Current part-time student wages: $64,000 per year
Total operating costs of checkout machine: $6,800 per year + $11,800 in five years = $6,800 per year + $2,360 per year
Total savings: $64,000 - ($6,800 + $2,360) = $54,840 per year
2-a. To compute the net present value (NPV) of the checkout machine, we need to use the following formula:
NPV = -Cost of investment + (Annual savings / (1 + Discount rate)^n) + (Salvage value / (1 + Discount rate)^n)
Where n is the number of years, Discount rate is the required rate of return, in this case 10% after-tax, and the salvage value is in the last year.
Cost of investment = $420,000
Annual savings = $54,840
Salvage value = $49,000
Discount rate = 10% after-tax = 10%*(1-30%) = 7%
n = 10 years
NPV = -$420,000 + ($54,840 / (1 + 0.07)^10) + ($49,000 / (1 + 0.07)^10) = -$420,000 + $38,982 + $27,813 = $-353,205
2-b. Based on the NPV calculation, the machine has a negative value so it would not be recommended to purchase. The company will lose money by purchasing it.
Therefore, the correct answer is as given above
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You agree to lease a car for 5 years at $300 per month. You are not required to pay any money up front or at the end of your agreement. If your opportunity cost of capital is 0.5% per month, what is the cost of the lease?
Answers
To calculate the cost of the lease, we need to consider the opportunity cost of capital over the 5-year period.
Given:
Lease term: 5 years
Monthly lease payment: $300
The opportunity cost of capital: 0.5% per month
First, let's calculate the total amount paid over the lease term:
Total payment = Monthly payment * Number of months
Total payment = $300 * (12 months/year * 5 years)
Total payment = $300 * 60
Total payment = $18,000
To calculate the cost of the lease, we need to determine the present value of the total payment at the opportunity cost of capital rate.
PV = FV / (1 + r)^n
Where:
PV = Present Value (cost of the lease)
FV = Future Value (total payment)
r = Opportunity cost of capital per period
n = Number of periods
Let's plug in the values:
PV = $18,000 / (1 + 0.005)^60
Using a calculator, we find:
PV ≈ $16,719.07
Therefore, the cost of the lease, considering the opportunity cost of capital, is approximately $16,719.07.
Which of the following is NOT a typical characteristic of a Minstrel
A. wandering, versatile entertainers
B. sometimes members f aristocracy and royalty
C. musicians of the fringe society
D. descriptive accounts; music not notated
Answers
Answer:
B
Explanation:
Which of the following are pre-award considerations that impact post-award subcontracting compliance management?
Answers
The options that are pre-award considerations that impact post-award subcontracting compliance management are:
1)Will advance notification and consent to subcontract be required?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
Why is subcontract management important?Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.
The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.
Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.
Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.
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See full question below
Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)
1)Will advance notification and consent to subcontract be required?
2) Will the prime contractor be required to attend the post-award orientation conference?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
how the fourth industrial revolution affects education
Answers
The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.
What is industrial revolution?The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.
It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.
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the legal affairs attorney working at AMD would most likely occupy an
Answers
The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.
What is inhouse counselAn in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.
The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.
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Which of the following statements is true?
There is one Federal Reserve Bank for each state of the United States.
The leadership of the Federal Reserve System makes monetary policy decisions.
The president decides whether a bank must obey Federal Reserve policies.
The Federal Reserve must request approval from Congress before taking action.
This is the first question i ever asked so i put points to 100 i think
Answers
Answer:The leadership of the Federal Reserve System makes monetary policy decisions.
Explanation:
1. There is not one Federal Reserve Bank for each state of the United States. There are 12 Federal Reserve Banks located in different regions of the country.
2. The Federal Reserve System is led by the Board of Governors, which is responsible for making monetary policy decisions, along with the Federal Open Market Committee (FOMC).
3. The president of the United States does not decide whether a bank must obey Federal Reserve policies. Banks that are members of the Federal Reserve System are required to follow its regulations and policies.
4. The Federal Reserve is an independent entity and does not need to request approval from Congress before taking action. However, the Federal Reserve is accountable to Congress and regularly reports on its activities and decisions.
Answer:
B
Explanation:
Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
Answers
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
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Which of the following statements is NOT CORRECT? a. When a corporation's shares are owned by a few individuals, we say that the firm is "closely, or privately, held." b. Going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. c. The stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the SEC. d. When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an IPO," and the market for such stock is called the new issue or IPO market. e. It is possible for a firm to go public and yet not raise any additional new capital for the firm itself.
Answers
Answer:
B
Explanation:
Even if a firm goes public, its stock might still be overvalued or undervalued - the firm's value might diverge from its intrinsic value. Intrinsic value is value based on a firm's fundamentals. Going public doesn't guarantee that the firms value would merge with its intrinsic value
A privately held firm is a firm whose shares are not publicly offered. It is not listed on the stock exchange. When a private firm decides to go public for the first time, the transaction is called an initial public offering
se the following financial statements and additional information.
AUSTIN INCORPORATED
Comparative Balance Sheets
June 30, 2019 and 2018
2019 2018
Assets
Cash $ 94,300 $ 39,400
Accounts receivable, net 81,000 63,000
Inventory 68,000 94,000
Prepaid expenses 5,600 7,000
Total current assets 248,900 203,400
Equipment 176,000 163,000
Accumulated depreciation—Equipment (45,000) (15,000)
Total assets $ 379,900 $ 351,400
Liabilities and Equity
Accounts payable $ 31,000 $ 38,000
Wages payable 6,000 16,000
Income taxes payable 4,900 5,400
Total current liabilities 41,900 59,400
Notes payable (long term) 40,000 80,000
Total liabilities 81,900 139,400
Equity
Common stock, $5 par value 240,000 170,000
Retained earnings 58,000 42,000
Total liabilities and equity $ 379,900 $ 351,400
AUSTIN INCORPORATED
Income Statement
For Year Ended June 30, 2019
Sales $ 922,000
Cost of goods sold 564,000
Gross profit 358,000
Operating expenses
Depreciation expense $ 75,000
Other expenses 91,000
Total operating expenses $ 166,000
192,000
Other gains (losses)
Gain on sale of equipment 4,900
Income before taxes 196,900
Income taxes expense 60,270
Net income $ 136,630
Additional Information
A $40,000 note payable is retired at its $40,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $74,000 cash.
Received cash for the sale of equipment that had cost $61,000, yielding a $4,900 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances.
1 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any.
2 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any.
3 Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any.
4 Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet account(s), if any.
5 Reconstruct the journal entry for the sale of equipment at a gain, incorporating the change in the related balance sheet account(s), if any.
6 Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet account(s), if any.
7 Reconstruct the entry to record the retirement of the $40,000 note payable at its $40,000 carrying (book) value in exchange for cash.
8 Reconstruct the entry for the purchase of new equipment.
9 Reconstruct the entry for the issuance of common stock.
10 Close all revenue and gain accounts to income summary.
11 Close all expense accounts to income summary.
12 Close Income Summary to Retained Earnings.
13 Reconstruct the journal entry for cash dividends paid.
Answers
Answer:
explain down
Explanation:
A specialty journal records special events or transactions related to the particular journal. There are mainly four kinds of specialty journals – Sales journal, Cash receipts journal, Purchases journal
, and Cash disbursements journal. The company can have more specialty journals depending on its needs and type of transactions, but the above four journals contain the bulk of accounting activities.
All other transactions not entered in a specialty journal account for in a General Journal. It can have the following types of transactions:
Accounts receivables
Accounts payable
Equipment
Accumulated depreciation
Expenses
Interest income
and expenses, etc.
Table of contents
What is General Journal?
General Journal Accounting
General Journal Format
General Journal Examples
Flow Process
Uses
Technological Advances
Conclusion
General Journal Video
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Organizations sometimes choose robust strategies in which they know they will have no regrets regardless of what takes place. This route makes sense when: Select one or more: a. quantitative odds can be ascribed b. feedback occurs c. qualitative outcomes described d. technology is important
Answers
Answer:
b. feedback occurs
c. qualitative outcomes
Explanation:
In the given scenario a business is willing to take robust challenge with resultant effect that does not bother them.
The only scenario where businesses are comfortable with this is when there is feedback and when only qualitative outcomes like interventions in the job.
When a business has constant feed back strategies change accordingly to meet business needs.
When only qualitative outcomes are important, volume of production does not matter
A rational decision maker
Answers
Answer:yes
Explanation:because yes
Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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he December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year?
Answers
the cash flow to stockholders for the year is $169,000 negative.
Equity is equal to common stock plus any paid-in surplus.
Common stock plus additional paid-in excess equals total equity at the outset.
=136,000+2,610,000=$2,746,000
Common stock + Extra Paid-in Surplus = Total Equity at End
=146,000+2,910,00)=$3,056,000
Hence, new equity equals total equity at the end minus total equity at the beginning.
3,056,000-2,746,000=$310,000
Dividends paid minus new equity equals cash flow to investors.
= 141,000-310,000
= -169,000
=$169,000 a loss
a sum of money distributed to shareholders from a company's profits. Although they can do so at any time, public firms that pay dividends often do so on a predetermined timetable. Special dividends or additional dividends are terms used to describe unexpected dividend payouts.
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What Human Resource Policy changes do you think will have to become permanent as a result of the pandemic and why?
Answers
As businesses shifted to remote working and managed employees who worked from different locations, the pandemic marked a new chapter in organizational life and enhanced the necessity of human resources management.
Since the world has adapted to the so-called "new normal," organizations must now adhere to new working policies and adopt the standards that guarantee workers' safety and well-being whilst maintaining the organization's effectiveness.
What is human resource policy?Human resource policies serve as ongoing guidelines for the method of personnel management that an organization intends to use.
They serve as specific instructions to HR managers on a variety of employment-related topics and outline the organization's intentions regarding various facets of human resource management, including hiring, promoting, compensating, training, and making selections, among other things.
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