Answers
The starting point in preparing a master budget is the preparation of the sales budget.
What is budget?A budget is an estimate of income and expenses for future periods, as opposed to an account that records financial transactions. A budget is a spending plan based on your income and expenses. In other words, it is an estimate of how much money you can make over a period of time. Earn and spend for a month or a year.A budget is a formal statement of estimated income and expenses based on future plans and goals. In other words, a budget is a document prepared by management to estimate income and expenses for the next period based on business objectives. A government's budget is a summary or plan of the expected resources and expenditures of that government.There are three types of government budgets: Operating or current budget, capital or investment budget, and cash or cash flow budget.to learn more about budget from the given link :
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Related Questions
Question 1 Calculate the selling price that Valmont Company will establish for the XP–200 using absorption cost-plus pricing, considering the absorption unit product cost of $8,400 and a markup percentage of 85%.
Question 2 Determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life. Consider the advantages it offers compared to the competitor's piece of equipment, such as longer usage time, lower preventive maintenance costs, and lower electricity consumption.
Question 3 If Valmont Company decides to use value-based pricing, what range of possible prices should they consider when setting a price for the XP–200? Take into account the economic value provided to the customer and the pricing of the competitor's equipment.
Question 4 Provide advice to Valmont's managers on choosing between absorption cost-plus pricing and value-based pricing. Consider the concerns expressed by the marketing managers and the potential impact on market competitiveness, customer perception, and profitability.
For each question, ask your students to show their calculations, provide explanations, and justify their answers based on the given information and pricing concepts. Encourage them to think critically and consider the implications of different pricing strategies on the company's goals and market position.
Answers
1. Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.
2. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.
3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment.
4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability.
1. To calculate the selling price using absorption cost-plus pricing, we need to add a markup percentage to the absorption unit product cost. In this case, the absorption unit product cost is given as $8,400, and the markup percentage is 85%.
Markup = Markup percentage * Absorption unit product cost
Markup = 85% * $8,400
Markup = $7,140
Selling price = Absorption unit product cost + Markup
Selling price = $8,400 + $7,140
Selling price = $15,540
Therefore, Valmont Company should establish a selling price of $15,540 for the XP–200 using absorption cost-plus pricing.
2. To determine the economic value to the customer (EVC) over the XP–200's 20,000-hour life, we need to consider the advantages it offers compared to the competitor's equipment. The advantages mentioned are longer usage time, lower preventive maintenance costs, and lower electricity consumption.
EVC can be calculated by quantifying the monetary value of these advantages over the product's lifespan. Let's assume the following values:
Longer usage time: 5,000 additional hours compared to the competitor's equipment.
Lower preventive maintenance costs: $500 saved annually compared to the competitor's equipment.
Lower electricity consumption: $200 saved annually compared to the competitor's equipment.
EVC = (Additional usage time * Value per hour) + (Annual cost savings * Present value factor)
Using a discount rate of 10% and assuming the annual cost savings remain constant over the 20,000-hour life:
EVC = (5,000 hours * Value per hour) + ($500 * Present value factor) + ($200 * Present value factor) + ... (repeated for all 20 years)
3. If Valmont Company decides to use value-based pricing, they should consider the economic value provided to the customer and the pricing of the competitor's equipment. This involves determining a range of possible prices based on the additional value delivered by the XP–200 compared to the competitor's equipment.
To calculate the range of possible prices, you would need to assess the economic value of the XP–200 as determined in Question 2 and consider the pricing of the competitor's equipment. Without specific values and competitor pricing information, it's not possible to provide a precise range of prices.
However, Valmont Company should set the price within a range that captures a significant portion of the economic value delivered to the customer while remaining competitive in the market.
4. Choosing between absorption cost-plus pricing and value-based pricing depends on various factors such as market competitiveness, customer perception, and profitability. Here are some considerations for Valmont's managers:
Absorption cost-plus pricing:
Pros: This approach ensures that all costs, including fixed and variable costs, are covered. It provides a straightforward calculation for determining the selling price and ensures profitability.
Cons: It does not directly consider the economic value delivered to the customer or the pricing of the competitor's equipment. This approach may not reflect the true value of the XP–200 to customers, potentially leading to pricing that is not aligned with customer expectations or market conditions.
Value-based pricing:
Pros: This approach considers the economic value provided to the customer, allowing the price to be based on the perceived value rather than just the cost. It aligns the price with the customer's willingness to pay and can capture the full value delivered by the XP–200.
Cons: It may be more challenging to quantify and communicate the economic value to customers. Determining the optimal price range requires a thorough understanding of customer preferences, competitor pricing, and market dynamics.
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A partner in a firm knows that the maximum financial loss he or she will experience is the amount he or she invested in the firm. The partner is called a ______ partner.
Answers
Based on the information given the partner is called a limited partner.
What is a limited partner?A limited partner is a partner who invested his or her money in a business but does not involve in the day to day running of the business.
In a situation where their is financial loss the only amount that a limited partner will loss is the amount they invested in the business based on the fact that they are not actively involve in the running of the business.
Hence, their loss cannot be more than the amount they invested as they only contribute money to the business and share in the revenue that the business generated.
Inconclusion the partner is called a limited partner.
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With total reserves of $50,000 and a required
reserve ratio of 10 percent, potential
deposit creation for the banking
system is equal to :
O $20,000
O $50,000
O $80,000
O $300,000
Answers
With total reserves of $50,000 and a required reserve ratio of 10 percent, potential deposit creation for the banking system is equal to $300,000. The correct option is d.
It required reserves = transaction deposits * required reserve ratio
=200000*0.1=20000
Excess reserves =total reserves -required reserves =50000-20000
=30000
Money multiplier =1/required reserve ratio =1/0.1=10
Potential deposit creation =excess reserves * multiplier =30000*10=300000
It is $300,000.
The reserve ratio is the percentage of reservable liabilities the advertisement banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio. The reserve requirement is the minimum amount of reserves which a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
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Does retail storage with customer pick up pose any risk for distribution network?
Answers
Inventory cost is higher than all other options. If there are many small players at the customer stage, each requiring small amount of the product at a time.
What are the important differences between a "capitalist - free market" economy and a "socialist" economy? Which do you prefer for the U.S. and why?
Use personal examples to show me you understand the two economic types. Use information from the text to show me you have read and understand the concepts explained in the text.
Remember to use at least 2 paragraphs, preferably 3. A paragraph is more than two sentences. Think about this! It's okay to give me more than 3 paragraphs if you enjoy the subject.
Use at least two citations to back up your opinion. THE FIRST citation must be from the textbook NOT THE INTERNET! Show me that you read and understood the textbook. The citation can be simple. Use "quotations" around any quoted or PARAPHRASED information and place a number after the citation in parentheses. (1)
At the bottom of your text place a corresponding citation after the number in parentheses (1) showing the book and page number or URL used for the citation. Cite the textbook First before using the internet for material.
Textbook citations can be simple: (1) Understanding Business ed.13, pg. 101
Use the complete URL if using information from the internet as a secondary source: (2) https://www.forbes.com/sites/forbestechcouncil/2021/07/27/a-lesson-from-japan-real-change-is-emotional/?sh=5beb6dc9338f
Answers
Socialism relies on central planning and limits on private resource ownership, whereas capitalism is based on individual initiative and favors market forces over the intervention of the state. When given free rein, economies usually combine elements from the two systems.
Which is more capitalist or socialist in US economic policy?In the United States, capitalism has always been the dominant economic system. It is defined as an economic structure in which private parties, as opposed to the state, own and control the labor force, capital assets, and raw materials used in manufacturing.
It has increased access to education, gradually increased the value of labor, and enabled a level of economic mobility that was previously impossible. The ordinary modern person nonetheless has a far superior quality of life than their forebears from earlier times, while working significantly fewer hours and in significantly better surroundings.
Central components of a free market economy, such as private property, unrestricted foreign trade, the free interchange of goods, and the free determination of prices, are present in the social market. In contrast to what happens in a free market economy, the state takes an active role in enforcing regulations.
The labor force, raw materials, and capital goods are under the control of private enterprises in a capitalist economy. The government controls the labor force, the raw materials, and the capital goods in a socialist economy
In the US, capitalism is the dominant economic system. A market economy exists there. People, not the government, own the majority of enterprises in a capitalist society. Businesses in the US choose what products to market.
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What is a class action suit?
OA. When a lawsuit is dismissed by a judge because the court does
not have proper jurisdiction
B. When a lawsuit involves not only one punishment, but an entire list
of consequences
C. When a group of consumers that suffer similar damages bring a
case against a business together
D. When an individual brings a lawsuit against all businesses in an
industry together
it’s c
Answers
A class action suit is a case, brought up by a group of consumers that suffer similar damages, against a business together. Hence, the correct answer will be an option(c).
Consumers, suffering a similar loss caused by a business, come forward and file a lawsuit together against the same business. This type of lawsuit is known as a class action suit. It is also known as Representative action. If the group wins the lawsuit, it will be compensated for the damages caused but if they lose the lawsuit, it will not receive any type of financial compensation.
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Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit. If the company
expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales.
Dollars
Percent
Margin of safety
Answers
Answer:
$635,000 and : 34%
Explanation:
Margins of safety is the difference between expected sales and the break-even point.
For Zhao, expected sales are 10,000 units
The break-even points in units = fixed cost/ contribution margin per unit
fixed costs = $429,000
Contribution margin per unit = selling price - variable costs per unit
=$187 - $122
=$65
break-even point in units = $429,000/$65
break-even point = 6600 units
Margin of safety = 10,000 - 6600 units
=3400 units
In dollars is equal to margin of safety in units x selling price
=3400 x 187
=$635,000
as a percent of expected sales.
=3400/10000 x 100
=0.34 x 10,000
=34%
In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
Answers
In the other options, there are actual incentives/consequences for the thing they are trying to change. Without those, it’s more of a suggestion, and people are less likely to change without those incentives/consequences because it doesn’t directly affect them.
It’s like your mom saying “You should really do your homework.” versus “If you don’t do your homework, I’ll take your phone.” or “If you do your homework, you can have ice cream after dinner.” In this scenario, you are more likely to change with the incentives/consequences because it directly affects you.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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Your restaurant revenue is $710,000, expenses total $890,000, and your total invest is $3 million what is your return investment?
Answers
Answer:
Return on investment = -6%
Explanation:
Given:
Gross revenue of restaurant = $710,000
Total expenses of restaurant = $890,000
Total investment = $3,000,000
Find:
Return on investment
Computation:
Net profit = $710,000 - $890,000
⇒ Net profit = -$180,000
Return on investment = [Net profit / Total investment]100
⇒ Return on investment = [-180,000 / 3,000,000]100
⇒ Return on investment = [-0.06]100
Return on investment = -6%
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
Answers
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
1. According to the case, what external trends did managers at Kohl's have to deal with? In addition to these, what other external components might be important to these managers? How might they keep track of changes in these components?
Answers
The external trends which managers at Kohl's have to deal with are:
Shifting consumer preferencesIncreased competitionEconomic uncertainty.What external trends did managers at Kohl's have to deal with?
As a major retail chain, Kohl's managers have had to deal with a number of external trends that have impacted the industry as a whole. Some of the key external trends that Kohl's managers have had to navigate in recent years include:
Shifting consumer preferences: The rise of e-commerce has led to changes in consumer shopping habits, as more people are shopping online rather than in physical stores. Increased competition: Kohl's faces intense competition from other retail chains, as well as from online retailers such as Amazon. To remain competitive, Kohl's managers have had to focus on differentiating their offerings, improving their pricing strategies, and creating a seamless omnichannel experience for customers.Economic uncertainty: Economic factors such as changes in consumer spending patterns, inflation, and interest rates can all impact the retail industry. Kohl's managers have had to monitor these economic trends and adjust their strategies accordingly in order to maintain profitability.Overall, Kohl's managers have had to stay attuned to these external trends and adapt their strategies in response to them in order to remain competitive and successful in the retail industry
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You arrive at the restaurant & are told that the food needs an extra 15 minutes to cook. What would be a good text to send the customer?
Answers
Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
A good text to send the customer will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you".
It should be noted that when the customer arrive at the restaurant, he'll have expected the food to be ready. Therefore, it's important that the restaurant workers attend to the customer very well.
The text that should be sent will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you". It's important to show courtesy and use nice languages to appeal to the customer.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Case: A manufacturing company was experiencing a high rate of defects in their production process, resulting in increased costs and decreased customer satisfaction
Answers
A manufacturing company was experiencing a high rate of defects in their production process, resulting in increased costs and decreased customer satisfaction and various steps can be taken to address this problem.
Multiple actions can be taken by a manufacturing company to address the problem of a high rate of defects in their production process. By looking at production records, performing quality control and speaking with employees, they should be able to determine what caused the defects in the first place.
A strategy for resolving the issue should be created once the root cause has been located. The production process may need to be altered, new technology or equipment may need to be purchased or employee training may need to be improved. In order to assess the plan's success in lowering the rate of defects, it should be put into action and monitored.
Continuous improvement should be a priority for the business and this can be done by conducting regular audits, getting input from staff and customers and investing in development. These actions will enable the manufacturing company to lower costs and boost customer satisfaction.
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List the main characteristics of money market securities
Answers
Answer:
Money market securities are typically debt instruments with a face value of $100,000 or more. These securities include federal and municipal bonds, certificates of deposit from financial institutions, and commercial paper, a kind of unsecured IOU, from large corporations.
Answer: Safety
Liquidity
Types
Discounts
Explanation:
What are the top 5 mortgage brokers in Sydney?
Answers
Here are some top mortgage brokers in Sydney: Aussie Home Loans, Mortgage Choice, Smartline Personal Mortgage Advisers, Loan Market, and Mortgage House.
1. Aussie Home Loans: With over 25 years of experience in the industry, Aussie Home Loans has established itself as one of the most trusted and reliable mortgage brokers in Sydney. They have a team of expert brokers who can help you find the right home loan that suits your needs.2. Mortgage Choice: Mortgage Choice is another popular mortgage broker in Sydney that can help you find the right home loan to suit your budget and requirements. They have access to a wide range of lenders, which means they can help you find the best deal available.3. Smartline Personal Mortgage Advisers: Smartline is a leading mortgage broker in Sydney that provides personalized advice and support to help you find the right home loan. They have a team of experienced brokers who can guide you through the home loan process from start to finish.4. Loan Market: Loan Market is another popular mortgage broker in Sydney that provides a range of home loan options to suit your needs. They have a team of brokers who can help you find the best deal available from a range of lenders.5. Mortgage House: Mortgage House is a Sydney-based mortgage broker that can help you find the right home loan to suit your budget and requirements. They offer a range of home loan options, including fixed and variable rate loans, low deposit loans, and more.In summary, these are some of the best mortgage brokers in Sydney that you can consider for your mortgage needs. When choosing a mortgage broker, it's important to consider their experience, reputation, and range of services offered to ensure that you get the best deal possible.For more questions on mortgages
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Which of the following is not true about emergency funds?
O They help remove the worry about expenses not listed in the budget.
O They help you prepare for unexpected expenses.
O They are used for anything listed in the budget.
O They can keep you from borrowing money from friends and family members.
Answers
Emergency funds are typically set aside to cover unexpected expenses that are not included in the regular budget. The statement "They are used for anything listed in the budget" is not true about emergency funds. Hence, option C is the correct answer.
These expenses may include medical emergencies, car repairs, home repairs, job loss, or any unforeseen financial hardships. The purpose of an emergency fund is to provide a financial safety net for unexpected situations that can disrupt one's financial stability.
On the other hand, expenses listed in the budget are part of the regular planned expenses, such as rent or mortgage payments, groceries, utilities, transportation, and other recurring costs.
Hence, option C is the correct answer.
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financial managerial accounting problem 3.7A
Answers
Answer:
Explanation:
Problem 3.7A
Northwest Company manufactures a single product. Selected data for the first quarter of the current year are as follows:
Sales ........................ $90,000
Cost of goods sold ............ 42,000
Gross margin ................. $48,000
Selling and administrative expenses ............ 28,000
Net operating income ............ $20,000
In addition, the following information is available:
a. During the first quarter, ending inventories of finished goods were $6,000 more than beginning inventories.
b. Cost of goods sold for the first quarter was composed of $40,000 of direct materials cost, $12,000 of direct labor cost, and $30,000 of manufacturing overhead cost.
Required:
Compute the cost of goods manufactured for the first quarter.
Solution
Cost of Goods Manufactured = Beginning Finished Goods Inventory + Cost of Goods Sold - Ending Finished Goods Inventory
Cost of Goods Manufactured = $0 + $42,000 - $6,000
Cost of Goods Manufactured = $36,000
Therefore, the cost of goods manufactured for the first quarter is $36,000. This can be further broken down into $40,000 of direct materials cost, $12,000 of direct labor cost, and $30,000 of manufacturing overhead cost, as given in the information.
How do these three rules apply to your life? Explain them in your words and try to think about how they relate to your financial situation. (Hint: Think about how you earn money and how you spend money, also imagine that you have been offered a credit card with a starting line of credit at $1000)
Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you
Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive
Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most
Answers
The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.
Rule 1: Don't have debt rise faster than income, because the debt burden will eventually crush you.To avoid falling into a debt trap, one should prioritize their spending. It's always a good idea to live within one's means and avoid spending more than they earn.Rule 2: Don't have income rise faster than productivity, because you will eventually become uncompetitive.It's a good idea to focus on increasing productivity to achieve long-term financial stability. One must avoid situations where they are not productive but are earning more money, as this can make them uncompetitive in the long run.Rule 3: Do all that you can to raise your productivity, because in the long run that's what matters most.Productivity is the most critical factor in achieving financial stability. Increasing productivity can lead to higher earnings, which can help you reach your financial goals faster.Individuals must always make efforts to improve their productivity. It's always a good idea to live within one's means, avoid unnecessary debt, increase productivity, and invest in oneself. In conclusion, the above three rules can be beneficial to anyone looking to achieve financial stability.
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Assume that a hypothetical economy with an MPC of 0.75 is experiencing a severe recession. Instructions: In part a, round your answers to 1 decimal place. Enter your answers as a positive number. In part b, enter your answers as a whole number. a. By how much would government spending have to rise to shift the aggregate demand curve rightward by $25 billion
Answers
Answer:
$6.25 billion
Explanation:
Calculation for how much would government spending have to rise
First step is to calculate the spending multiplier using this formula
Spending multiplier=1/(1-MPC)
Let plug in the formula
Spending multiplier=1/(1-0.75)
Spending multiplier=4
Now let calculate how much would government spending have to rise
Using this formula
Increase in government spending =Change in GDP/Spending multiplier
Let plug in the formula
Increase in government spending=$25 billion/4
Increase in government spending=$6.25 billion
Therefore how much would government spending have to rise will be $6.25 billion
Which of the following is one result of stringent 21st century accounting
regulations?
Answers
A result of the stringent 21 st century accounting regulations enacted was B. they make accounting more complex.
Why did accounting regulations become more stringent ?Over time, accounting standards have become more stringent, and agencies and professional associations make sure that these regulatory rules serve the public's and businesses' best interests. These agencies assist businesses in comprehending the domestic and international legal requirements they must meet.
An organization is in regulatory compliance when it strictly complies with all applicable local, national, and international laws. Businesses may be subject to financial, fiscal, environmental, or business and tax code laws depending on their size and industry. However, why do financial services rank first among the industries most adversely affected by these regulatory laws?
As a result, accounting regulations have made accounting much more complex in order to ensure that companies abide by accounting best practices.
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they make accounting simplerthey make accounting more complexthey unify international tax codesthey address the needs of small businessesHelp!!
Why is a checking account not an ideal place to save money? (Select all that apply)
Checking accounts almost never generate interest.
It keeps the money from getting lost.
Money in the checking account grows more quickly.
It's much easier to spend money from a checking account.
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Answer:
-Checking accounts almost never generate interest.
-It's much easier to spend money from a checking account.
have a nice day!
Financial data for Amazures, Inc. is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2019 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($1.60 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan Cash 2,875,400 86,300 16,986,900 9,785,900 12,479,200 1,876,000 147,956,800 3,754,100 2,148,600 52,789,300 24,768,200 146,795,100 7,986,800 37,600 547,600 ???
1. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet?
2. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet?
3. What did Amazures record as Total Assets on December 31, 2019 balance sheet?
4. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet?
5. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of $1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019).
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Answer:
1. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet?
$51,680,300 - $35,802,400 = $15,877,9002. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet?
$32,031,600 - $24,768,200 = $7,263,4003. What did Amazures record as Total Assets on December 31, 2019 balance sheet?
$51,680,3004. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet?
$19,648,7005. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of $1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019).
$7,986,800 + $2,286,200 - $1,231,125 = $9,041,875If we use this new information to recalculate questions 1 - 4, then:
total equity = $20,703,775liabilities do not changetotal assets = $52,735,375current assets = $16,932,975Explanation:
I had to organize the accounts:
Assets:
Cash 2,449,400
Net accounts receivable 2,111,000
Inventory 11,317,500
Net fixed assets 35,802,400
Total assets = $51,680,300
Liabilities:
Accounts payable 2,875,400
Accruals 86,300
Short-term bank loan 547,600
Current portion of Long-term debt 3,754,100
Long-term debt (excluding current portion) 24,768,200
total liabilities = $32,031,600
Equity:
Common stock ($1.60 par value) 1,876,000
Additional paid in capital 9,785,900
Retained earnings 7,986,800
Total equity = $19,648,700
Total liabilities + equity = $51,680,300
ending inventory = beginning inventory + purchases - COGS = 12,479,200 + 146,795,100 - 147,956,800 = 11,317,500
net accounts receivable = gross accounts receivable - returns and allowances = 2,148,600 - 37,600 = 2,111,000
What was the decision of the Supreme Court in kelo v.city of New London
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Answer:
Court held that the general benefits a community enjoyed from economic growth qualified private redevelopment plans as a permissible "public use" under the Takings Clause of the Fifth Amendment
edmentum
Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
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The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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Imagine you are planning how to set up your new business office. What types of technology and equipment might be needed? Why might it be important for an entrepreneur to know the terms listed below? Briefly define each and explain the importance for a small business owner:
Hypertext
URL (or link)
Internet Service Provider
Bulletin Board Service
Electronic Storefront
Newsgroups
Flames
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The types of technology and equipment needed in a commercial office can be cybersecurity software as well as customer relationship management (CRM) systems that assist in collecting, analyzing and organizing the information of your customer base.
It is essential for an entrepreneur to understand some terms related to information technology to generate greater compliance, security and reliability in organizational processes.
HypertextIt corresponds to non-sequential and non-linear electronic writing, which is added to other information such as words, blocks of texts, images or sounds.
URL (or link)Its acronym stands for Uniform Resource Locator, which corresponds to the address of a resource available on a given network.
Internet Service ProviderIt is a commercial or non-profit entity that offers internet access and use services.
Bulletin Board ServiceIt is a software that allows the connection via telephone of a computer system for interaction, as well as the internet.
Electronic StorefrontCorresponds to the hosting of e-commerce sites, that is, sites used to advertise and sell products and services, managing online transactions.
NewsgroupsForums in which it is possible to share opinions on different subjects, with people who share the same interests.
FlamesIt is a type of modular malware that attacks computers and can spread to other systems through LAN and USB memories, generating data and documents steals.
Therefore, it is essential that every entrepreneur understands basic principles of automation to achieve greater security, availability of information and speed in their processes.
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Would you say that the organizational partnerships in the Jumpstart case reflect good fits between partners? Why, or why not?
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In the Jumpstart case, the organizational partnerships in the Jumpstart case reflect good fits between partners because they depends on shared goals, skills, resources and mutual benefit
Do Organizational Partnerships in Jumpstart case show good fits?Often, ll good fits between partners are reflected when they align their objectives, expertise and resources towards a common goal, and when their collaboration results in value creation for all parties involved.
If we have mismatches in terms of objectives, values, or capabilities, the partnerships may not be considered good fits and could face challenges in achieving their intended outcomes.
Therefore, the evaluating the compatibility and alignment of partners' goals and capabilities is crucial in determining the suitability of organizational partnerships in the Jumpstart case or any other context.
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Analyze and discuss when earnings management may be an ethical practice and when it is an unethical practice
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Earning management follow ethical practices and unethical practice too that results in a genuine relationship among social responsibility. Similarly unethical have negative relationships and short-term goals. Unethical earning presents a misleading report.
To follow ethical practices right decisions, need to be followed that allow management to frame a better view. A practice that leads to a fair view of presentation is referred to as ethical practices that focus on long-term goals and not on personal gains. Where practices lead to misleading of activities that mislead users and stakeholders as well then such practices lead to unethical practice
Its the choice of the head department to keep up the policies that affect earning management followed by the ethical results.
suppose the absolute values of the intercept and slope of the demand function are approximated to be 10 and 3 respectively. if the absolute values of the intercept and slope of the supply function are assessed to be 6 and 5 respectively. calculate equilibrium price and quantity .
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The equilibrium price is $0.5 while the equilibrium quantity is 8.5
From the Demand data that we have in this question,
Slope = 3
Intercept = 10
The demand equation
D = -3p + 10
D = 10 - 3p
The supply data
Slope = 5
Intercept = 6
Supply equation
S = 6 + 5p
D = S
This is because at equilibrium, supply = demand
Therefore,
10-3P = 6+5P
collect like terms
10-6 = 3p+5p
4 = 8p
Divide through by 8
\(p =\frac{4}{8} \\\\= \frac{1}{2}\)
Equilibrium price = $0.5
The equilibrium quantity
D = 10 - 3*0.5
= 10-1.5
= 8.5
Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5
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