Answer: Please refer to Explanation
Explanation:
Sometimes Monopolies need to be regulated to ensure the protection of consumers from unfair pricing business strategies.
The below are some of the ways the Government does so.
A firm is allowed to price its product so that it earns a normal return on capital invested. RATE of RETURN REGULATION.
Firms are directed to charge the price associated with the extra cost of making each unit. This pricing rule often leads to firms earning a negative profit. MARGINAL COST PRICING RULE.
Firms charge a price that allows them to earn only a normal economic profit. AVERAGE COST PRICING RULE.
This places maximum limits on the price firms can charge for a good or service. PRICE CAPS.
1. ______should develop a statement of ethical values. 2. If employees lack ________, they may be ineffective in performing their duties. 3. Organizational structure provides a basis for planning, directing, and controlling _________. 4. The audit committee should be composed of directors who are not _______of the organization. 5. To enhance the control environment, management develops job __________.
According to the business and organization practices:
Senior Management should develop a statement of ethical values.
This is because they are the ones that are responsible for establishing and enforcing rules and regulations.If employees lack skills, they may be ineffective in performing their duties.
This is because it is through the application of skills employers perform their functions.Organizational structure provides a basis for planning, directing, and controlling Operations.
This is because organizational structures are comprised of all the activities occurring in the company.The audit committee should be composed of directors who are not employees of the organization.
This is because fair and credible auditing should be done by people who are not biased or interested in the firm.To enhance the control environment, management develops job descriptions.
This is because job descriptions will give all employees the ideas he needs to perform his functions.
Hence, in this case, it is concluded that business practices and operations are crucial to the success of any company.
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you purchased a microsoft bond for $500, which promises to pay you 5% interest. if the market interest rate is currently 4% and you want to sell your bond. what price can you expect to receive for this bond?
Zero Coupon Bonds Let's say we have a zero coupon bond (a bond which does not provide any coupon installment amid the life of the bond but offers at a markdown from the standard esteem) developing in 20 a long time with a confront esteem of $1,000.
In this case, the bond's esteem has diminished after it was issued, clearing out it to be bought nowadays at a showcase rebate rate of 5%.
How to Calculate PV of a Diverse Bond Sort With Excel
A bond may be a sort of credit contract between an backer (the vender of the bond) and a holder (the buyer of a bond). The backer is essentially borrowing or bringing about a obligation that's to be reimbursed at "par value" completely at development (i.e., when the contract closes). Meanwhile , the holder of this obligation gets intrigued installments (coupons) based on cash stream decided by an annuity equation. From the issuer's point of see, these cash installments are portion of the taken a toll of borrowing, whereas from the holder's point of see, it's a advantage that comes with acquiring a bond.
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a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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Phishing occurs when a competitor or other party clicks on a sponsored link repeatedly in order to foul up advertising effectiveness. A. TrueB. False
The statement 'Phishing occurs when a competitor or other party clicks on a sponsored link repeatedly in order to foul up advertising effectiveness' is false.
In the field of computers and technology, phishing can be described as a strategy used by an attacker to become a representative or source from an organization in order to lure people to give information about them that can be used by the attacker.
Clicking on sponsored links in order for fouling the results of an advertisement such that they look more effective is not a type of phishing. This is because no attack on the personal information of the users is being made in such a scenario.
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Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.49 and the average variable expense per cup is $0.24. The average fixed expense per month is $1,600. An average of 2,100 cups are sold each month. What is the CM Ratio for Coffee Klatch?
Answer:
The contribution margin ratio for Coffee Klatch is 83%.
Explanation:
Given that Coffee Klatch is an espresso stand in a downtown office building, and the average selling price of a cup of coffee is $ 1.49 and the average variable expense per cup is $ 0.24, and the average fixed expense per month is $ 1,600, to determine what is the CM Ratio for Coffee Klatch if an average of 2,100 cups are sold each month, the following calculation must be performed:
Contribution margin ratio: (sales - variable costs) / sales
((2,100 x 1.49) - (2,100 x 0.24)) / (2,100 x 1.49) = X
(3.129 - 504) / 3.129 = X
2.625 / 3.129 = X
0.83 = X
Thus, the contribution margin ratio for Coffee Klatch is 83%.
The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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A recipe for macaroni and cheese calls for 18 ounces of cheddar cheese to make 32 four-ounce portions. How much would cheddar would be needed to produce 40 eight-ounce portions?
Answer: 45 ounces of cheddar
Explanation:
18 ounces of cheddar is used to make 32 four-ounce portions.
To make 1 four-ounce portion requires;
= 18/32
= 0.5625 ounces of cheddar
Making 1 eight-ounce portion should therefore be double that;
= 0.5625 * 2
= 1.125 ounces of cheddar
To make 40 ounces;
= 1.125 * 40
= 45 ounces of cheddar
How does the text around the images in this slide contribute to the presentation?
Respirators for IDLH Atmospheres
Full Facepiece Pressure
Demand SCBA certified
by NIOSH for a minimum
service life of 30 minutes
Combination Full Facepiece
Pressure Demand SAR with
Auxiliary Self-Contained Air
Supply
It prevents white space at the bottom of the slide.
It makes the slide appear informative.
It describes what the images illustrate.
It provides an interesting mix of graphic elements.
Answer:
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Explanation:
The text around the images in this slide describes what the images illustrate. The text provides important information about the respirators shown in the images, including the type of respirator, the certification by NIOSH, and the minimum service life. This information is crucial for understanding the purpose and function of the respirators, and helps to convey the importance of using the proper equipment in hazardous environments. Without this text, the images would be less informative and might be difficult to understand for those who are not familiar with respiratory protection equipment. Therefore, the text around the images is a valuable contribution to the presentation, as it helps to clarify and reinforce the message of the slide.
___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return
Answer:
B. Exporting
Explanation:
An accounting system wherein the operations are broken down into cost centers controllable by a foreman, sales manager, or supervisor, is known as: Select one: a. Control accounting b. Budgetary accounting c. Responsibility accounting d. Allocated cost accounting
The accounting system where the operations are broken out is called responsibility accounting.
The following information related to responsibility accounting is:
It is the control system in which the responsibility is allocated for controlling the cost.The person should be held responsible for controlling the cost.Also, the proper authority is provided so that the performance should be checked.In this, the operations should also be divided.Therefore we can conclude that The accounting system where the operations are broken out is called responsibility accounting.
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10. Which SMART goal element is missing from this goal?
"You must stock 20 boxes of product onto the store shelves."
OA. S-Specific
B. M-Measurable
OC.T-Time-Based
OD. A-Achievable
This element ensures that the goal can be achieved realistically by analyzing the available resources, skillsets, and knowledge. The goal doesn't mention any factors related to achievability or practicality. Therefore, it is missing the achievable element. The correct option is d.
SMART is an acronym for Specific, Measurable, Achievable, Relevant, and Time-bound. These are the five elements that are required for a successful goal. Let's have a brief idea about the 5 elements of SMART goals:
Specific: It refers to the goal being clear and specific. It should answer the questions of what, why, and how.Measurable: This element is important to know the progress and when it's achieved.Achievable: Goals need to be practical and attainable. Relevant: It should be relevant to the company's goals, values, and objectives.Time-bound: This element is related to setting a deadline to achieve the goal. The goal must be achieved within a specific period.Missing SMART element:Achievable is the missing SMART element from the goal "You must stock 20 boxes of product onto the store shelves."This element ensures that the goal can be achieved realistically by analyzing the available resources, skillsets, and knowledge. In this scenario, the goal doesn't mention any factors related to achievability or practicality. Therefore, it is missing the achievable element. The correct option is d.
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a sound pulse takes 0.06s to reach the far end of the room and come back. what is the length of the room if the speed of sound is 330 m/s?
On January 1, 2023, Eastern Corporation purchased a machine for $300,000. The
sales tax was $30,000 and the delivery charges were $5,000. All charges were paid in
cash. Eastern plans on using the machine in its business for 5 years and then disposing
of it. Eastern estimates a zero salvage value. Eastern uses straight line depreciation.
Required:
● Record the asset
● Record the annual depreciation
● Remove the fully depreciated asset and accumulated depreciation from the accounting
records
● Record the transactions in the journal and post them to the ledger.
To record the transactions related to the purchase, depreciation, and disposal of the machine, the following journal entries can be made:
On January 1, 2023, to record the purchase of the machine:
Machinery (Asset) $335,000
Cash $335,000
(To record the purchase of the machine including sales tax and delivery charges)
To record annual depreciation expense:
Depreciation Expense $67,000
Accumulated Depreciation $67,000
(To record annual depreciation expense of $67,000 ($335,000 / 5 years))
After 5 years, to remove the fully depreciated asset and accumulated depreciation:
Accumulated Depreciation $335,000
Machinery (Asset) $335,000
(To remove the fully depreciated asset and accumulated depreciation from the accounting records)
These transactions can be recorded in the general journal and then posted to the respective ledger accounts. The machinery account would show the original cost of $335,000, and the accumulated depreciation account would accumulate depreciation expense over the 5-year period, resulting in a balance of $335,000 by the end.
It's important to note that these entries are simplified examples assuming straight-line depreciation and zero salvage value. Actual accounting practices may vary based on specific circumstances and accounting policies followed by the company. It is recommended to consult with an accounting professional or refer to the company's accounting policies for accurate and specific recording of transactions.
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If on November 26,2017, The Dow Jones industrial average closed at 12,743.40, which was down 237.44 that day. what was the return (in percent) of stock market that day?
Answer:
-1.83%
Explanation:
The closing price was 12,743.40, which was down by .
it means that the opening price was
$12,743.40 + $237.44 = $12,980.44.
The percentage return will be the
return/ original price x 100
=- - 237.44/12,980.44 x 100
= - 0.018291574 x 100
= - 1.83%
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A depression is a severe recession that is often accompanied
by deflation.
Otrue
O false
Answer:
true
Explanation:
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QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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for each of the situations described, state whether the sampling procedure is simple random sampling, stratified random sampling, cluster sampling, systematic sampling, or convenience sampling. (a) all first-year students at a university are enrolled in one of 40 sections of a seminar course. to select a sample of freshmen at this university, a researcher selects four sections of the seminar course at random from the 40 sections and all students in the four selected sections are included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (b) to obtain a sample of students, faculty, and staff at a university, a researcher randomly selects 60 faculty members from a list of faculty, 100 students from a list of students, and 50 staff members from a list of staff. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (c) a university researcher obtains a sample of students at his university by using the 84 students enrolled in his psychology 101 class. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (d) to obtain a sample of the seniors at a particular high school, a researcher writes the name of each senior on a slip of paper, places the slips in a box and mixes them, and then selects 20 slips. the students whose names are on the selected slips of paper are included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (e) to obtain a sample of those attending a basketball game, a researcher selects the 29th person through the door. then, every 50th person after that is also included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling
Based on the given information, The sampling procedure applied is
cluster samplingStratifiedConveniencesimple random sampling SystematicWhat is the sampling procedure?For choosing a subset of a population to participate in the research and allowing you to test a claim about the features of a population, sampling is a procedure or approach utilized.
The analogy used to describe a representative sample is that of picking several numbers out of a hat after placing everyone's names in it. The list of components is "recorded off" in systematic sampling with proper styructure.
By separating the population into groupings, typically geographical ones, cluster sampling is carried out. As the names suggest Clsuter which names segregate on clusters geographically.
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A firm's average product tends to?
A firm's average product (AP) is the total output produced by the firm divided by the quantity of input used to produce it. In other words, it measures the average amount of output that can be produced with each unit of input.
What is tendency?
The tendency of a firm's average product will depend on the specific production process and the level of inputs used. Generally, when a firm first starts to increase its input of a particular factor of production (e.g. labor or capital), the average product of that factor will also increase up to a certain point. This is because the additional input is contributing more to the output than the previous unit of input.
However, as the level of input continues to increase, the average product of that factor will eventually start to decline.
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complete question:
What is the tendency of a firm's average product?
please help accounting 1 ASAP!
Please do provide more information, like account names, debits and credits. I don't see the full picture here.
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What is the difference between micro and macroeconomics?
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microeconomics
Macroeconomics seeks to find a general perspective, at a national level,
micro
while microeconomics focuses on the individual's perspective, at a consumer level.
that's my answer
For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting).
a. On December 7, Oklahoma City Thunder sold a $90 ticket to a basketball game to be played in March.
b. Tesla sold and delivered a $58,000 car on December 25. The customer will not pay until February.
c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. On December 31, 75% of the services have been completed.
The accrual concept of recognizing revenue in the period that the transaction occurs and not when payment is received agrees with the matching principle. Revenue should be recognized to match with the recognition of costs incurred for earning the revenue.
Situations Amount of Revenue Recognized in December
a. Ticket Sales $0
Revenue
b. Sales $58,000
Revenue
c. Contract $7,500 ($10,000 x 75%)
Revenue
Thus, for situation (a), no revenue is recognized in December since the game will be played in March. For situation (b), the $58,000 is fully recognized in December, notwithstanding that the customer will pay in February. For situation (c), only 75% of the revenue is recognized in December to agree with the percentage of completion.
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True or False? The placement of a product within a store, or online, can determine the sales performance of that product.
Answer:
true
Explanation:
Your friend Alice is a full-time college student, earned $4,000 working at the campus bookstore over two semesters last calendar year, and also got a part-time job as a cashier in February, earning $9,500. Alice knows that you have been learning about taxes in your personal finance lessons and asks you, “Do I need to file taxes this year? If I do, what is the process like?”
Single, under the age of 65 and not older or blind, you must file your taxes if: Unearned income was more than $1,050. Earned income was more than $12,000. Gross income was more than the larger of $1,050 or on earned income up to $11,650 plus $350.
Sorry, I can not answer the second part to the question sorry.
What aspect of the control environment is affected by the company's decision to no longer require approvals for purchase order discounts
Answer:
. When temporary workers are recruited the wages might be less but the accuracy extent is quite questionnable. Even the slightest mistake by the workers will make the permanent workers liable. Though the wages of the temporary workers are less.
Explanation:
(>‿◠)✌
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out #30,000 in cash dividends. What is the addition to retained earnings?
Answer:
The Income Statement is-
Sales = $435,000
Costs = 216,000
Depreciation = 40,000
EBIT= $179,000
Interest = 21,000
EBT = $158,000
Taxes = 55,300
Net income = $102,700
I have done this question before in my "Money Management" Dual enrolled class.
:)
The corporation distributed cash dividends of $30,000. The resulting net income will be $102,700.
What is the calculation?This is the income statement:
Sales = $435,000
Costs = 216,000
Amount depreciated: 40,000
EBIT= $179,000
Interest equals 21,00
EBT = $158,000
Taxes = 55,300
Profit = $102,700
In finance and business, net income (also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income less its costs of goods sold, depreciation expenses, and amortization, interest payments, and taxes for a given accounting period.
It is calculated as the sum of all revenues, profits, and losses during the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.
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Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as a. employed. b. unemployed. c. not in the labor force. d. marginally attached worker .
Answer:
b. unemployed
What are the two types of Insider Trading?
Explanation:
One is legal while the other is illegal.
Legal insider trading is when insiders trade the company's securities and report the trades to the authorities.
How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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What are some of the trends that may affect you someday? What skills, abilities, and interests do you have that may fit the global markets of the future?
Global market is the worldwide marketing. Global job market trends include rise in IT talent, remote work, social marketing, Data analysis, and self-employment.
What are the trends in Global Market?Global market trends change time-to-time. The essential skills that can help an individual to be more effective in a changing global environment are as follows:
1. Rapport Building - The speed of change requires to make the most of our global network by building rapport across it. Without rapport, we will have no support system to navigate constant change.
2. Curiosity - Curiosity is an attitude that is important to approach a task.
3. Ambition - Ambition is a drive to do things better. For the improvement and moving up in the career ladder ambition is important.
4. Communication - Communication is the key for the proper functioning of an organization. Communication gap will only erode trust and reduce curiosity and ambition.
5. Conflict Resolution - While working in a team members often disagree with each other which could lead to conflict that needs to be resolved. Conflict resolution is helping team members achieve mutually satisfactory solutions regardless of the disagreements.
Therefore, by working on these skills one can fit well into the global markets of the future.
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