Oliver's Ice Cream Stand makes payments on its inventory purchases as tollows 20% in the montti of purchase, To\%, in the following month, and 10% in the secoed morith following parchase. Budgeted limentory purchases for June, July, and hogust are 510.000.515.000 and 523,000 , respectively. What is the buthyed amount of eath porments to acount for inventory in August at Ofiver's lce Creari Stand? A. 516,100 B. $4,800 C. 500900 D. 518,800
Answers
The correct option is D. $52,300.
Let's break down the payment terms:
- In the month of purchase (June), 20% is paid.
- In the following month (July), 30% (20% + 10%) is paid.
- In the second month following purchase (August), 10% is paid.
Now, let's calculate the payment amounts for each month:
June:
Payment = 20% of June's inventory purchase
Payment = 20% of $510,000
Payment = $102,000
July:
Payment = 30% of July's inventory purchase
Payment = 30% of $515,000
Payment = $154,500
August:
Payment = 10% of August's inventory purchase
Payment = 10% of $523,000
Payment = $52,300
Therefore, the budgeted amount of each payment to account for inventory in August at Oliver's Ice Cream Stand is the August payment, which is $52,300.
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Related Questions
What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answers
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.
What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
Lind co.'s salaries expense of $10,000 is paid every other friday for the 10 workdays then ending. lind's employees do not work on saturdays and sundays. the last payroll was paid on june 18. on wednesday, june 30, the month-end balance in the salaries expense account before accruals was $14,000. what amount should lind report as salaries expense in its income statement for the month ended june 30
Answers
The amount that Lind Co. should report as salaries expense in its income statement for the month ended June 30 would be $20,000.
What is salaries expense?Salary expenses are the costs incurred by an employer to pay its employees for services rendered. This includes any type of wages, bonuses, commissions, or other forms of compensation. Salaries are typically the largest component of a company's total expense budget. They represent the amount of money a business pays to its employees for their labor, which is usually calculated as a percentage of their total income. Salary expenses can also include benefits such as health insurance and vacation time. Companies may also be required to pay taxes on salaries, depending on the jurisdiction in which they operate. Salary expenses are typically tracked and monitored closely by both management and accounting teams to ensure that they are within budget.
This is calculated as follows:
Salaries expense for 10 workdays (June 19 to June 30): $10,000 x 2 = $20,000.
Plus the month-end balance in the salaries expense account before accruals (June 18): $14,000.
Total salaries expense for the month of June: $20,000.
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Cash revenue generated from notes receivable appears in the operating activities section of the statement of cash flows but as a non-operating item on the income statement. True or false?.
Answers
Although the income statement classifies the cash revenue from notes receivable as a non-operating item, it does show in the operating activities part of the statement of cash flows.
Cash Revenue is defined as any cash income that the borrower receives as a result of its operating activities, as computed for any applicable period in line with generally accepted accounting principles.
Revenue is the money that a company receives from the sale of its products and services. Cash flow refers to the net sum of money a business receives and expends. The success of a company's sales and marketing can be measured by its revenue, whereas a company's cash flow is more of a liquidity indicator.
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Which of the following is NOT true about stocks?
they are shares of ownership of company
All of these
you can buy them in a secondary market
owning only shares of a single stock increases risk
they are guaranteed to hold their value over time
Answers
Answer:
they are guaranteed to hold their value over time.
Explanation:
A stock is also referred to as equity and it can be defined as a security that represents a stockholder's ownership of a fraction of a corporation.
Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.
The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.
Hence, the book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.
The true statements about stocks include the following;
I. A stock can be purchased or bought in a secondary market.
II. Owning only shares of a single stock increases risk because you can loose everything when the company or corporation is negatively affected by a disaster.
III. Stocks are shares of ownership of company.
However, just like every other securities, stocks aren't guaranteed to hold their value over time.
how can you explain the uncertainties in financial projections without scaring your audience?
Answers
You can explain the uncertainties in financial projections without scaring your audience by acknowledging the inherent unpredictability of future outcomes, highlighting the factors influencing the projections, and presenting a range of possible scenarios rather than fixed numbers.
Emphasize that projections are based on assumptions and that actual results may vary due to various external factors. Additionally, you can discuss risk mitigation strategies, contingency plans, and ongoing monitoring and adjustment of projections to instill confidence in your audience.
By openly addressing uncertainties and demonstrating proactive measures to manage them, you can present a realistic and transparent view of the financial projections. This approach helps to build trust and reassures your audience that you are aware of the potential challenges and are prepared to navigate them effectively.
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when must interest and principal payments on a Stafford Student Loan begin
Answers
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
If a homeowner sells a kitchen table and chairs that she no longer wants to use and does not report the income earned from the sale to the Internal Revenue Service, the value of GDP is
A. understated because this transaction took place in the underground economy.
B. overstated because the sale of the furniture is counted twice in GDP calculations.
C. unaffected by this transaction because the table and chairs were already counted in GDP as final goods D. when the homeowner bought them new.
E. understated because this purchase was a nonmarket transaction.
Answers
c. The tale and chairs were already listed in GDP as final products when the homeowner purchased them new, therefore this transaction has no impact on GDP's value.
The gross domestic product (GDP) is a commonly used indicator of the value added produced by the production of goods and services in a country over a certain time period (GDP). As a result, it also takes into account the money made from that manufacturing, or the sum of money spent on finished goods and services (less imports). The word "domestic" (as in "Gross Domestic Product") specifies a spatial inclusion criterion: regardless of the producer's nationality, the goods and services included in the total are those produced within the nation's borders. As an example, the production of a plant owned by Germany will be included in the gross domestic product, or GDP, of the United States.
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Retail stores and make goods and services different by the design of marketing appeal including special features. This is characteristic of __________________ .
Answers
Answer: monopolistic competition
Explanation:
A monopolistic competition is the feature of an industry whereby there are many firms that offer goods or services which are identical but the goods or services aren't perfect substitutes.
The decisions taken by a firm does not directly affect the competitor. Firms sell goods or services that are differentiated and also charge different prices for such products.
Therefore, retail stores and make goods and services different by the design of marketing appeal including special features is a feature of monopolistic competition.
Which of the following is an example of a company using channel management?
a company extends its store hours
a company creates different ads for different types of customers
a company uses a survey to get information about its customers
a company only sells its product online
Answers
An example of a company using channel management is option D: a company only sells its product online.
Channel management refers to the process of selecting and managing various distribution channels to efficiently and effectively deliver products and services to customers. In this scenario, the company chooses to utilize the online platform as its sole distribution channel to reach its target audience.
By focusing on the online channel, the company can optimize its marketing strategies, product availability, and customer service for that specific medium. This approach allows the company to cater to the specific needs of its online customers and allocate resources effectively. Additionally, this decision may result from the company's understanding of its customer base, as well as the potential for cost savings and increased reach offered by online sales.
However, it is essential for the company to continuously monitor and adapt its channel management strategies, as customer preferences and market conditions may evolve over time. To ensure optimal performance, the company must be ready to make adjustments to its online distribution channel or explore other channels if necessary.
In summary, a company using channel management would carefully select and manage its distribution channels to efficiently reach customers. In the given example, the company has chosen to sell its products exclusively online, focusing on optimizing the online sales channel to cater to its customer's needs and preferences.
The question was incomplete, Find the full content below:
Which of the following is an example of a company using channel management?
A. a company extends its store hours
B. a company creates different ads for different types of customers
C. a company uses a survey to get information about its customers
D. a company only sells its product online
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A company using channel management is when it creates different ads for different types of customers.
Explanation:An example of a company using channel management is when a company creates different ads for different types of customers. This strategy is known as market segmentation, where the company divides its target market into distinct groups based on characteristics such as demographics, psychographics, or geographic location, and tailors its marketing efforts to each segment.
By creating different ads, the company is utilizing different channels to reach and communicate with specific customer groups effectively. For example, if a company sells both sports equipment and beauty products, it may run ads targeting athletes in sports magazines and ads targeting beauty enthusiasts in fashion magazines.
This channel management approach helps the company maximize its marketing efforts by ensuring that the right message is delivered through the right channels to the right customers.
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Explain the reasons for preparing a business plan.
Answers
Answer:
it's the need of the business man
what is double entry in financial accounting
Answers
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
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This chart represents different workplaces. Circles A, B, and C are particular to certain career pathways and D represents a typical workplace for all three pathways.
Which best completes Circles A, B, C, and D?
A. Logistics and Distribution is the career of Circle A, M arketing Information Management is the career of Circle B, Marketing Communications is the career of Circle C, and Circle D is "an office".
B. Logistics and Distribution is the career of Circle A, Buying and Merchandising is the career of Circle B, Professional Sales is the career of Circle C, and Circle D is "an office."
C. Buying and Merchandising is the career of Circle A, Marketing Communications is the career of Circle B, Professional Sales is the career of Circle C, and Circle D is "work in a restaurant."
D. Buying and Merchandising is the career of Circle A, Entrepreneurship is the career of Circle B, Logistics and Distribution is the career of Circle C, and Circle D is "work in a restaurant".
Answers
Answer:
B. Logistics and Distribution is the career of Circle A, Buying and Merchandising is the career of Circle B, Professional Sales is the career of Circle C, and Circle D is "an office."
Explanation:
Logistics and Distribution is the career of Circle A. Logistics and distribution involves the transportation, storing, packaging of products. This involves working in a warehouse where the products are packaged and stored.
Buying and Merchandising is the career of Circle B. Buying and Merchandising is a career that involves buying and selling of products, it involves working with suppliers so as to promote a product and they are responsible for supplying stores with these products. This career involves working in grocery stores.
Professional Sales is the career of Circle C. Professional sales involve having good selling and communication skills so as to sell products to customers.This career involves going to the customer home to sell your product.
Circle D is "an office." The office is a typical workplace for all three careers mentioned above
Answer:
B. credit to guy above
Explanation:
What are the three signs of workplace discrimination?
Answers
Answer:
Inappropriate Questions During a Job Interview.
Lack of Diversity.
Harsh or Demeaning Communications.
Unequal Pay.
Unfair Promotions.
Unjust Disciplinary Actions.
The Takeaway.
Explanation:
Suppose that you hear on the news that inflation was 5.4 percent over the last 12 months. If today the Consumer Price Index (CPI) equals 277.6, what was the CPI equal to a year ago? Round to one decimal point.
Answers
To calculate the Consumer Price Index (CPI) a year ago based on the given information, we can use the following formula:
CPI (year ago) = CPI (current) / (1 + inflation rate)
Given that the inflation rate is 5.4 percent and the current CPI is 277.6, we can calculate the CPI a year ago as follows:
CPI (year ago) = 277.6 / (1 + 0.054)
CPI (year ago) ≈ 277.6 / 1.054 ≈ 263.54
Therefore, the CPI a year ago would be approximately 263.5 (rounded to one decimal point).
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the rate of return on a savings account may also be referred to as . question 4 options: yield compounding liquidity equity
Answers
The rate of return on a savings account may also be referred to as yield. Yield is the percentage of money earned on an investment or a financial product over a specific period.
It is also known as the return on investment (ROI). This percentage is calculated by dividing the earnings by the amount invested or the principal.
Yield can be either nominal or real, depending on the inflation rate. Nominal yield is the percentage of returns before factoring in inflation, whereas real yield is calculated after accounting for inflation. The higher the yield, the more profitable the investment or savings account is.
The rate of return on a savings account is dependent on the bank's interest rate policy. A bank may offer a fixed interest rate or a variable interest rate, which is based on market conditions.
A savings account with a higher interest rate provides a higher yield. The compounding effect can also increase the yield on a savings account.
Compounding refers to the interest earned on the principal and the interest previously earned on the account.
This compounding interest is added to the account balance and earns more interest, leading to an exponential growth in savings. Liquidity refers to the ease with which an investment can be converted into cash without losing value.
Savings accounts are highly liquid, which means that the money can be withdrawn quickly without any penalty.
Equity is the difference between the assets and liabilities of an individual or a business. It does not apply to a savings account. Yield is an essential factor to consider while choosing a savings account.
A high-yield savings account can earn more interest and lead to more significant savings. The compounding effect and liquidity also play a role in determining the rate of return on a savings account.
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Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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Which of the following statements best characterizes the O*NET view of how greening is changing the
United States economy? (BRAINLIEST if you answer)
The demands of a greening economy will affect different occupations in different ways.
Everyone's jobs will be different as green technology chapges everything,
A greening economy will primarily demand that existing jobs adapt to new approaches,
The primary change a greening economy will create is the demand for entirely new jobs.
Answers
Answer:
The demands of a greening economy will affect different occupations in different ways.
Explanation:
just did it.
The O*NET view of how greening is changing the United States economy is best characterizes as The demands of a greening economy will affect different occupations in different ways. Thus the correct option is A.
What is the economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
An existing O*NET's job and labor requirements significantly change as a result of the influence of green economy activities and technologies giving more opportunities.
The Green Economy was described by the O*NET study as "commercial activity related to lowering the number of fossil fuels, decreasing pollution, and reducing greenhouse gases that are present in the environment and have an impact on human life.
Therefore, option A is appropriate.
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Which of the following best describes the U.S. free enterprise system?a. individual or corporate ownership of capital goodsb. very heavy government regulation of businessesc. government provision of free services to those in needd. free trade with markets open without restriction to foreign goods
Answers
The correct answer is desire a "individual or company ownership of capital goods"; The U.S free organisation machine allows men and women or companies to own capital goods because it limits the government's intervention in numerous business operations.
What do persons personal and manage underneath a free employer system?The key ingredient of the free organization system is the right of folks to make their personal preferences in the buy of goods, the selling of their products and their labor, and their partici- pation in enterprise structure.
The U.S. economic system of free business enterprise has five main principles: the freedom for men and women to pick out businesses, the right to personal property, income as an incentive, competition, and purchaser sovereignty.
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Answers
Answer: small, interdependent; identical or differentiated
Explanation:
This is from Economics 202.
Ranked by the extent of investment and risk, from least to the most, what is the order of entry for international expansion
Answers
The order of entry for international expansion, ranked by the extent of investment and risk from least to most, is exporting, licensing and franchising, joint ventures and strategic alliances, and foreign direct investment.
When considering international expansion, the order of entry can vary depending on the organization's resources, risk appetite, and market conditions. However, based on the extent of investment and risk, the following order can be considered:
1. Exporting: Exporting involves selling products or services to foreign markets from the domestic base. It requires a relatively low level of investment and risk since the company can leverage existing production capabilities and distribution networks.
However, it may face challenges such as trade barriers, cultural differences, and limited control over marketing and customer relationships.
2. Licensing and Franchising: Licensing allows a company to grant the rights to use its intellectual property or technology to foreign partners in exchange for royalties or fees. Franchising involves granting the rights to operate a business model in another country.
These methods require moderate investment and risk as they involve transferring some control to local partners. However, there may be concerns regarding quality control and protection of intellectual property.
3. Joint Ventures and Strategic Alliances: Joint ventures and strategic alliances involve partnering with local companies to establish a presence in foreign markets. They require a higher level of investment and risk as they involve sharing resources, knowledge, and control.
While these partnerships offer access to local expertise and distribution channels, there may be challenges related to cultural differences, conflicting objectives, and coordination.
4. Foreign Direct Investment (FDI): FDI involves setting up wholly-owned subsidiaries or acquiring existing companies in foreign markets. It requires a significant level of investment and carries higher risks due to the need for establishing local operations, navigating regulatory environments, and managing cultural differences.
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What account form needs to balance before you can move forward with the Accounting Cycle?
Answers
Answer:
Clyde's Well Servicing has the following financial statements. The balance sheet items, profit margin, and dividend payout have maintained the same ...
Explanation:
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Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answers
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8). What is the balance in the Treasury Stock account at the end of 2021
Answers
Answer:
"$30,000" is the appropriate solution.
Explanation:
Given:
Paid dividends,
= $50,000
Purchased shares of treasury stock,
= 3,000 (at $10)
Now,
At the end of 2021,
The balance in treasury stock account will be:
= \(Purchased \ shares \ of \ treasury \ account\times 10\)
= \(3000\times 10\)
= \(30,000\) ($)
A gas-fired power station has four generation units, each capable of producing electric power at a rate 200 MW. In order to maintain adequate power supply to the network three generation units must run ([]+[][]) find the probability that three units will be running four years after installation if the failure rate λ for each generation unit is 0.06 / yr.
Answers
The reliability of a system is determined by its components. In the event of a component failure, the system may fail, and the probability of failure is an essential feature in evaluating the reliability of a system.
In this case, we have a gas-fired power plant with four generation units, each of which is capable of producing 200 MW of electric power.
Three generation units must run to maintain an adequate power supply to the network. The probability that three units will be running four years after installation is being asked.
We need the probability that the system will operate correctly at least three times in four years to get the probability that three generation units will run. In four years, there are 4 × λ = 0.24 possibilities for one generation unit to fail. As a result, there is a 0.76 probability that it will operate correctly.
The probability that the unit will operate correctly three times in a row is:P = (0.76)³ = 0.438976So, the probability of three units running is:P(3) = 4 × P × (1 - P)² = 0.392416. Therefore, the probability that three units will be running four years after installation is 0.392416.
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A token economy is to operant conditioning as ____________ is to classical conditioning.
Answers
A token economy is to operant conditioning as systematic desensitization is to classical conditioning.
A token economy can be defined as the process of given a person token when a ever the behave in a right way or in the way we expect them to behave.
This method are often use to encourage behavior that are desirable so to remove unwanted or undesirable behavior.
Therefore A token economy is to operant conditioning as systematic desensitization is to classical conditioning.
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In a biometrics research lab, Grant is listed as the laboratory director, while Tamara is listed as a laboratory technician. Both careers fall into the STEM field. Take a moment to research these two positions and explain the difference between them
Answers
Answer:
The Tamara Foundation has partnered with Stronger Philanthropy to manage the grant application process. Stronger Philanthropy will interview charities to determine their funding priorities, present Charity Profiles to the Tamara Foundation that are aligned with our mission and mandate for shortlisting, contact charities being invited to submit an application for consideration, and manage new grant applications and follow-up reports.
Explanation:
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What competitive advantage does Apple use?
Answers
One of Apple's competitive advantages is its strong brand reputation and customer loyalty. Apple has successfully cultivated a brand image that is associated with high-quality, innovative, and user-friendly products.
This has helped the company to create a loyal customer base that is willing to pay a premium price for Apple products. Another advantage is Apple's focus on design and aesthetics. Apple products are known for their sleek and stylish designs, which have become important to the company's brand identity. This design focus has helped Apple differentiate its products from competitors and attract customers who value aesthetics and design.
Apple's ecosystem is also a competitive advantage. Apple has developed an ecosystem of hardware, software, and services that work seamlessly together, creating a cohesive user experience. This ecosystem helps to keep customers within the Apple ecosystem and makes it difficult for them to switch to competing products.
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How can i do international transactions from nepal?
Answers
Which part, sentence, or phrase in the passage suggests that the respective entrepreneur is a transformational leader? Four best friends from high school—Erwin, Harry, Mick, and Gary—have gone on to become entrepreneurs. They have very different personalities, and thereby, leadership styles. Erwin A(seems to concern himself with the processes rather than forward-thinking ideas.) Harry is B(finicky about minute details, but always gets the job done). C(Mick seeks advice from others and has great concern for his employees). Gary D(rewards effective behavior of his employees, and corrects them when the expectations are not met.)
Answers
Answer:
Garry
Explanation:
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Answer:
(D) "rewards effective behavior of his employees, and corrects them when the expectations are not met."
Explanation: