Explanation:
for the time in history,there are 5 Generations working side-by-side the transitional generation .
For the question below, write an explanation of the short-run effect including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Tourists flock to visit the major theme park's in Orlando, Florida.
Answer:
Tourists flock to visit the major theme park's in Orlando, Florida.
Determinant of AD: Consumer confidence is the best determinant in this case. Tourists flock the theme parks because households not only have enough money to spend on recreation, but also feel that they will continue to have enough money to make ends meet in the near future, otherwise they would not go to the parks, and instead would save the money.
Direction of the shift: the AD curve shifts to the right, because AD is increasing, and the AD curve increases when it shifts to the right.
Impact on output and price level: Output increases because consumer confidence, and as a result, consumer demand, is boosting aggregate demand.
Price level also increases, because demand is pushing the price of a good that has a relatively inelastic supply (the theme parks). In other words, demand is rising more than supply, and this increases the price.
Companies that show profits on the income statement will always show positive cash flows from operating activities.
a. True
b. False
Answer:
B. False.
Explanation:
Firstly, explaining a cash flow statement will be explained or tells us how much cash from the business is entering and leaving your business. This is been explained better with the aid of a balance sheets and also income statements; these are practically three most important financial statements that helps effectively in accounts of business management in a small business accounting and making sure you have enough cash to keep operating.
Using a template or probably an excel spreadsheet, the income statement and cash flow statements are been well understood and at this it is totally false to say that companies that show profits on the income statement will always show positive cash flows from operating activities.
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $50,000 five years from now. How much must Carol deposit to accomplish her goal
Answer:
PV= $37,204.70
Explanation:
Giving the following information:
Interest rate= 6% compounded semiannually= 0.03
Future value= $50,000
Number of periods= 5*2= 10
To calculate the initial investment to reach the objective, we need to use the following formula:
PV= FV/(1+i)^n
PV= 50,000/(1.03^10)
PV= $37,204.70
A product price searcher (monopolist, oligopolist, or monopolistic competitive firm) will maximize its profits by hiring factors up to the point at which
a. MRP > MFC.
b. VMP > MFC.
c. MRP = MFC.
d. VMP = MFC.
e. c and d
Answer:
The correct answer is the option E: c and d.
Explanation:
To begin with, a product price searcher will maximize its profits by hiring factors up to the point at which the marginal revenue productivity is equal to the marginal factor cost and the value marginal product is also equal to the marginal factor cost. And all that is necessesary due to the fact that the company will have to find the point where the fact of producing one more good by hiring one more factor of production produces the same amount when it comes to terms of profits and costs so that will implicate that the company will be able to substain itself.
If Campbell were to offer single serving "Soup for One" packages to household markets, it would be using segmentation based on
Answer:
Family life cycle
Explanation:
If Campbell were to offer single serving "Soup for One" packages to household markets, it would be using segmentation based on Family life cycle. This method separates the aspects of the family market at different stages of life.
This model gives a description of the stages that consumers encounter in their lives when they have families. It takes family size, age of customer and professional status into consideration.
A customer, age 60, has a fixed annuity contract with a value of $16,000. The cost basis in the contract is $10,000. If the customer withdraws $5,000 and the IRS taxes distributions on a LIFO basis, the tax consequence of a withdrawal will be:
Answer:
$5,000 taxable
Explanation:
In this scenario, the tax consequence of withdrawal will be $5,000 taxable. This is because annuity contract contributions are not tax-deductible, meaning that the original contribution of $10,000 has already been taxed. Therefore in this situation all $5,000 will be taxable, luckily since the individual is over the age of 59 1/2 then the distribution is not subjected to a 10% penalty tax for premature distribution.
Barbara's Bakery purchased appliances (7 year property) in quarter 4 of Year 1. The original cost of the appliances was $40,000 and she did NOT use bonus depreciation or Section 179 expensing in the year of purchase. The mid-quarter convention has been used for the calculation of depreciation. If Barbara sells the appliances in March of Year 4, she will be able to deduct $:________.
Answer:
$703
Explanation:
Calculation for the amount that Barbara will be able to deduct If she sells the appliances in March of Year 4
Purchase value $10,000
MARC rate for 4 years 14.06
Proportion of the year factor- Mid quarter (1.5/12)
Therefore the Depreciation deduction allowed will be:
(40,000 ×14.06%)/12^⁴(1.5)
= $703
Answer:($40,000 * 14.06 %* 12.5% )= $703
Explanation: First, we determine the depreciable basis. In this case, Barbara purchased it, so we use the amount of how much the was the cost of asset ($40,000). We then proceed to determine which type of convention (Mid-convention) was used and no depreciation bonus or section 179 expensing. Now we gather more information if she is only depreciating or/and also disposing? The recovery period(MARCS table) for an appliance is a 7-year property(also given in the problem). We have to use mid-quarter convention not only because it is given in the problem but also it is the rule : 40% of personal property in service during the last three months of the tax year(in this case it is in quarter 4 or last quarter. We use the mid quarter convention table for the quarter 4 recovery year 4 which has the value of 14.06% to depreciate the value we multiply this to cost basis ($40,000) = 5624 depreciable value. However, Barbara also wants to sell (dispose) the appliances, we have to use the disposition table Mid-quarter convention percentage and we have to consider when is she selling the appliances. In this case, she sells in March(year 4 recovery period), take note that March is part of the 1st quarter . The value for the first quarter of disposition is 12.5% (derived from 1.5/12). We then multiply this value to determine how much she will be able to deduct. Hence,
$40,000*14.06%*12.5% = $703
Gerard, a job applicant, was asked to appear for an interview by an organization. Gerard spent the first 15 minutes of the job interview relating details about his education and work experience to the interviewer. This is a _____ interview.
Answer:
The answer is biographical interview
Explanation:
A biographical interview takes place during an interview where the interviewee tells his or her life story(ranging from family background to work experience, education etc). It requires describing and explaining one's own life to the interviewer.
Examples of Biographical interview questions can be:
Tell me about yourself?
What are you strengths? Etc.
Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company.
What amount of child and dependent care credit can Julie claim in each of the following alternative scenarios?
a. Julie paid $2,000 to the day care center and her AGI is $50,000 (all salary).
b. Julie paid $5,000 to the day care center and her AGI is $50,000 (all salary).
c. Julie paid $4,000 to the day care center and her AGI is $25,000 (all salary).
d. Julie paid $2,000 to the day care center and her AGI is $14,000 (all salary).
e.
Julie paid $4,000 to the day care center and her AGI is $14,000 ($2,000 salary and $12,000 unearned income).
Answer and Explanation:
The computation of In each of the following alternative situations, Julie will demand the amount of child and dependent care credit is shown below:-
According to the 1st situation
Particulars Amount
a. Expenditure of dependent care $2,000
b. Qualifying expenses for one
dependent on limit $3,000
c. Earned income of Julie $50,000
d. Expenses eligible for credit $2,000 (which is least of a,b, and c)
e. Percentage rate on credit 20% (AGI over $43,000)
f. Child and dependent care credit $400 (2,000 × 20%)
According to the 2nd situation
Particulars Amount
a. Expenditure of dependent care $5,000
b. Qualifying expenses for one
dependent on limit $3,000
c. Earned income of Julie $50,000
d. Expenses eligible for credit $3,000 (which is least of a,b, and c)
e. Percentage rate on credit 20% (AGI over $43,000)
f. Child and dependent care credit $400 (3,000 × 20%)
According to the 3rd situation
Particulars Amount
a. Expenditure of dependent care $4,000
b. Qualifying expenses for one
dependent on limit $3,000
c. Earned income of Julie $25,000
d. Expenses eligible for credit $3,000 (which is least of a,b, and c)
e. Percentage rate on credit 30% (AGI over $25,000)
f. Child and dependent care credit $900 (3,000 × 30%)
According to the 4th situation
Particulars Amount
a. Expenditure of dependent care $2,000
b. Qualifying expenses for one
dependent on limit $3,000
c. Earned income of Julie $14,000
d. Expenses eligible for credit $2,000 (which is least of a,b, and c)
e. Percentage rate on credit 35% (AGI over $15,000)
f. Child and dependent care credit $700 (2,000 × 35%)
According to the 5th situation
Particulars Amount
a. Expenditure of dependent care $4,000
b. Qualifying expenses for one
dependent on limit $3,000
c. Earned income of Julie $2,000
d. Expenses eligible for credit $2,000 (which is least of a,b, and c)
e. Percentage rate on credit 35% (AGI over $15,000)
f. Child and dependent care credit $700 (2,000 × 35%)
Income statements under absorption and variable costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of capacity during the first month. The following data summarize the results for July: Sales (3,000 units) $2,310,000 Production costs (3,000 units): Direct materials $993,300 Direct labor 427,200 Variable factory overhead 69,600 Fixed factory overhead 109,200 1,599,300 Selling and administrative expenses: Variable selling and administrative expenses $49,600 Fixed selling and administrative expenses 20,800 70,400 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Absorption Costing Income Statement For the Month Ended July 31 $ $ $ b. Prepare an income statement according to the variable costing concept. Gallatin County Motors Inc. Variable Costing Income Statement For the Month Ended July 31 $ $ $ Fixed costs: $ $ c. What is the reason for the difference in the amount of Operating income reported in (a) and (b)
Answer:
Gallatin County Motors, Inc.
a. Gallatin County Motors Inc. Absorption Costing Income Statement For the Month Ended July 31:
Sales (3,000 units) $2,310,000
Production costs (3,000 units):
Direct materials $993,300
Direct labor 427,200
Variable factory overhead 69,600
Fixed factory overhead 109,200
Total production costs 1,599,300 1,599,300
Gross profit $710,700
Selling and administrative expenses:
Variable selling and administrative $49,600
Fixed selling and administrative 20,800
Net Income $640,300
b. Gallatin County Motors Inc. Variable Costing Income Statement For the Month Ended July 31:
Sales (3,000 units) $2,310,000
Production costs (3,000 units):
Direct materials $993,300
Direct labor 427,200
Variable factory overhead 69,600
Variable selling and administrative 49,600
Total production costs 1,539,700 1,539,700
Contribution $770,300
Fixed expenses:
Fixed factory overhead 109,200
Fixed selling and administrative 20,800 130,000
Net Income $640,300
c. Reason for the difference in the amount of the operating income in (a) and (b):
There is no difference in this case. A difference would arise if there were beginning and closing inventories from the different treatment of fixed production overheads, which are absorbed in the product costs.
Explanation:
Gallatin County Motors, Inc.'s income statement under absorption costing technique measures the cost of production and net income by taking into full account the full production costs, including fixed overheads. It reports a gross profit figure which compares the full cost of production and the service revenue.
On the other hand, Gallatin County Motors, Inc.'s income statement under the variable costing technique measures the cost of production and net income by taking into account all the variable costs. With this technique, a contribution margin is the difference between service revenue and variable costs.
Differences in the reported net income arise from the presence of beginning and ending inventory. Another difference is that while absorption costing income statement reports a gross profit figure before net income, the variable costing income statement reports a contribution margin and, in addition, regards all fixed costs as period costs.
An income statement for Gallatin County Motors, Inc. uses an absorption costing approach to calculate the cost of production and net income by accounting for all production expenses, including fixed overheads.
It gives a gross profit statistic that compares the whole cost of manufacturing to the income from services.
The calculations of the net operating income have been attached below.
c. Reason for the discrepancy in operating income amounts in (a) and (b):
In this scenario, there is no distinction. If there were beginning and closing inventories, a difference would develop due to the different treatment of fixed production overheads, which are included in product costs.
This same existence between marking inventories creates differences in the recorded net income.
Another distinction is that, although an absorption costing income statement shows gross profit before net profit, a flexible budget income statement shows a contribution margin and treats all fixed expenses as period costs.
To know more about the calculations of the net operating income, refer to the link below:
https://brainly.com/question/15864433
Journalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Batson uses the perpetual inventory system.
Dec. 1 Sampson Co. sold merchandise to Batson Co. on account, $22,700, terms 2/15, net 45. The cost of the merchandise sold is $17,025. 6 Batson Co. paid the invoice within the discount period.
Answer:
Sampson Records
Account Receivables 22,246 debit
Sales Revenues 22,246 credit
--to record sale--
Cash 22,246 debit
Account Receivables 22,246 credit
--to record receipts--
Batson Records:
Inventory 22,700 debit
Accounts Payable 22,700 credit
--to record purchase--
Account Payable 22,700 debit
Inventory 454 credit
Cash 22,246 credit
--to record payment--
Explanation:
Calculations:
Invoice: 22,700
discount 2% within the first 15 days
discount amount; 22,700 x 0.02 = 454
invoice net of discount = 22,700 - 454 = 22,246
Sampson record assuming the customer will take the discount.
Batson will record the invoice in full. As that is the value of the goods that day.
Then, it will adjust the inventory when paying within discount period.
Suppose Stark Ltd. just issued a dividend of $2.33 per share on its common stock. The company paid dividends of $2.00, $2.08, $2.15, and $2.26 per share in the last four years. If the stock currently sells for $55, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends?What if you use the geometric average growth rate?
Answer:
arithmetic average growth rate = (4% + 3.37% + 5.12% + 3.1%) / 4 = 3.9%
we need to find the required rate or return (RRR) in the following formula:
stock price = expected dividend / (RRR - growth rate)
expected dividend = $2.33 x 1.039 = $2.42stock price = $55growth rate = 0.03955 = 2.42 / (RRR - 0.039)
RRR - 0.039 = 2.42 / 55 = 0.044
RRR = 0.083 = 8.3%
geometric average growth rate = [(1.04 x 1.0337 x 1.0512 x 1.031)¹/⁴] - 1 = 3.89%
again we need to find the required rate or return (RRR) in the following formula:
stock price = expected dividend / (RRR - growth rate)
expected dividend = $2.33 x 1.0389 = $2.42stock price = $55growth rate = 0.038955 = 2.42 / (RRR - 0.0389)
RRR - 0.0389 = 2.42 / 55 = 0.044
RRR = 0.0829 = 8.29%
The master budgeting process typically begins with the sales budget and ends with a cash budget and:
Answer:
Budgeted financial statements
Explanation:
You purchased 400 shares of stock at a price of $55.77 per share. Over the last year, you have received total dividend income of $455. What is the dividend yield
Answer:
The dividend yield on the stock investment is 2.04%
Explanation:
The dividend yield is the total dividends received amounting to $455 divided by the cost of shares purchased at $55.77 per share.
Cost of share purchase=$55.77*400
cost of share purchase=$22,308.00
total dividends=$455.00
dividend yield=$455.00/$22,308.00
dividend yield=2.04%
"Competition is always going to be fierce in business. The modern business now has many technology tools that can assist with finding patterns to help make better decisions. Companies are investing quite a bit in infrastructure to collect data and the tools necessary to store and analyze that data. Decision support systems (DSS) are changing how business is conducted. What might have once been the domain of educated guesses and gut instincts is now replaced by data analysis models."
Answer:
Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.
Explanation:
So is; With the data analysis models, the proposed objectives can be achieved more quickly and reliably, which is why descriptive statistics are very important since they allow us to analyze and evaluate information that we do not see with the naked eye.
True or false: Using the weighted-average method, the computation of EUP separates units into direct materials and conversion.
Answer:
True
Explanation:
Equivalent units of production need to be calculated for Materials and Conversion costs separately as the work done (Percentage Completion) towards the outputs may be different in these input elements. This is applicable to Both the weighted-average method and the first-in first-out method.
A corporate bond has a 6% annual coupon, $1000 par value, and 25 years left to maturity. If the bond currently sells for a premium of 1120, what is the yield to maturity
Answer:
Yield to Maturity = 5.21%
Explanation:
The yield on the bond can be determined as follows using the formula below:
YM = C + F-P/n) ÷ 1/2 (F+P)
YM-Yield to maturity-
C- annual coupon
F- Face Value
P- Current Price
YM-?, C- 6%× 1000 =60, Face Value - 1,000, P-1120
YM = (60 + (1000-1120)/25) ÷ ( 1/2× (1000 + 1120) )
YM = 0.0520 × 100 = 5.207
Yield to Maturity = 5.21%
The elasticity of demand for a product is likely to be greater Group of answer choices if the product is an imported good rather than a domestically produced good. the larger the number of substitute products available. the smaller the number of substitute products available. the smaller the proportion of one's income spent on the product.
Answer:
the larger the number of substitute products available.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
for a good with many substitutes, if the price of the good increases, consumers can easily shift to the consumption of substitutes. so, the change in price leads to a greater change in quantity demanded.
What action can a supervisor take to reinforce the desired change and create a work environment that nourishes successful people?
Answer:
Communicate the reasons for the change.
Explanation:
Remember, reinforcement involves not necessarily employing harsh measures, but communicating with a view to persuade into action.
Since a supervisor is often seen as a head among his colleagues, he thus can exert influence on other employees by explaining the reasons and benefits for such change, doing so would steer employees into accepting the organisational change.
Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
Answer:
Predetermined manufacturing overhead rate= $26.64 per labor-hour
Explanation:
Giving the following information:
Estimated the labor-hours= 30,600 labor-hours.
Estimated variable manufacturing overhead= $6.18 per labor-hour
Estimated total fixed manufacturing overhead= $626,076.
To calculate the predetermined overhead rate, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (626,076/30,600) + 6.18
Predetermined manufacturing overhead rate= $26.64 per labor-hour
When two clerks sharing the same cash register is a violation of which internal control principle is violated?
a. Establish responsibilities
b. Maintain adequate records
c. Insure assetsBond key employees
d. Apply technological controls
Option A Establish responsibilities
Explanation:
Establishment of responsibility refers to a very basic characteristic of internal control, an employee is responsible for the task he is assigned to do.
Establishment of responsibility refers to a very basic characteristic of internal control, an employee is responsible for the task he is assigned to do.For example, who is responsible for any money missing in the cash register? If both cashiers share the same cash register, how can you assign responsibilities
The flying of new employees to a three-day training session at Uberversity in San Francisco to learn about the company is part of the organization's:_______
a) labor relations
b) selection process
c) performance management
d) benefits
e) onboarding
Answer:
e) onboarding
Explanation:
Onboarding is the process by which new employees are introduced to the companie's culture including operational procedures and training on their job roles.
Onboarding is an important step in making the employee more efficient on the job. It is also called organisational socialising.
In the given scenario where new employees fly to a three-day training session at Uberversity in San Francisco to learn about the company, is an onboarding process.
Cook Co. incurred the following costs related to the office building used in operating its sports supply company: Select each of the costs as a capital expenditure or a revenue expenditure. For those costs identified as capital expenditures, classify each as an additional or replacement component. If the cost is identified as a revenue expenditure, choose "not applicable" in the second dropdown. a. Replaced a broken window. b. Replaced the roof that had been on the building for 23 years. c. Serviced all the air conditioners before summer started. d. Replaced the air conditioners with refrigerated air conditioners in the customer service areas. e. Added a warehouse to the back of the building. f. Repaint the interior walls. g. Installed window shutters on all windows.
Answer:
a.Capital expenditure, replacement component
b.Capital expenditure, replacement component
c.Revenue Expenditure, not applicable
d.Capital expenditure, replacement component
e.Capital expenditure, additional
f.Revenue Expenditure, not applicable
g.Capital expenditure, additional
Explanation:
Capital Expenditure involve the addition or replacement on assets that increases flows of economic benefits or Income earning capacity.
Revenue Expenditure involve repairs or maintenance of assets in order to maintain the ability to earn income or economic benefits and not to increase it.
42) Joe just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Joe has been offered an immediate payment of $100,000. Joe will also receive payments of $50,000 in one year, $50,000 in two years, and $75,000 in three years. The current market rate of interest for Joe is 6%. In terms of present value (PV), how much will Joe receive for selling the family business? A) $$245,641 B) $254,641 C) $641,254 D) $254,461
Answer:
Total PV= $254,641.08
Option B.
Explanation:
Giving the following information:
Cash flows:
Cf0= $100,000
Cf1= 50,000
Cf2= 50,000
Cf3= 75,000
Interest rate= 6%
To calculate the present value, we need to use the following formula on each cash flow:
PV= FV/(1+i)^n
Cf0= 100,000
Cf1= 50,000/1.06= 47,169.81
Cf2= 50,000/1.06^2= 44,499.82
Cf3= 75,000/1.06^3= 62,971.45
Total PV= $254,641.08
7. XYZ Firm recently paid $1.00 as an annual dividend. Future dividends are projected at $1.50, $2.00, $2.50, and $3.00 over the next 4 years, respectively. Beginning 5 years from now, the dividend is expected to increase by 3.0 percent annually. What is one share of this stock worth to you if you require 8 percent rate of return on similar investments
Answer:
The worth of one share is $52.72
Explanation:
The annual dividend = $1
The future dividend = $1.50, $2, $2.50, and $3
The increase in investment = 3%
Value after year 4 = (D4*Growth Rate)/(Required rate-Growth Rate)
=(3*1.03)/(0.08-0.03)
=61.8
Thus, current value (CV) = Future dividend & value × Present value of discounting factor (rate%, time period)
=1.5/1.08 + 2/1.08^2 + 2.5/1.08^3 + 3/1.08^4 + 61.8/1.08^4
=$52.72
In Concord, Inc., the Assembly Department started 61000 units and completed 70700 units. If beginning work in process was 30800 units, how many units are in ending work in process?
Answer:
Closing inventory = 21,100 units
Explanation:
The closing working in progress represent the units of work at the end of the period for which are yet to be completed in the period.
It is the sum of the opening inventory and the units introduced less the completed units. This given below in mathematical terms
Closing inventory = Opening inventory + Newly added - completed units
= 30,800 + 61,000 - 70,700= 21,100
Closing inventory = 21,100 units
Use the following table for the problem below.
1 Ping-Pong Balls 1 Hat
Larry 1/5 of a hat 5 ping-pong balls
Curly 1/2 of a hat 2 ping-pong balls
According to the opportunity cost table above, which trading proposal will Curly gain and Larry lose?
A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
B. Curly offers Larry 1 hat for 3 ping-pong balls.
C. Curly offers Larry 1 hat for 4 ping-pong balls.
D. Larry offers Curly 1 ping-pong ball for 1/3 hat.
Answer:
No option is correct:
A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.B. Curly offers Larry 1 hat for 3 ping-pong balls. C. Curly offers Larry 1 hat for 4 ping-pong balls. D. Larry offers Curly 1 ping-pong ball for 1/3 hat.In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.
Option A: Larry wins 1 ping-pong ball.Option B: Larry wins 2 ping-pong balls. Option C: Larry wins 3 ping-pong balls. Option D: Larry wins 0.13 of a hat.Explanation:
Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.
In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.
Reports are the primary means of communication in an organization. Illustrate the comment.
Answer: hi
Explanation: bye
Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $134,000 on sales of $2,310,000. Division B is able to make only $33,400 on sales of $373,000. a. Compute the profit margins (return on sales) for each division. (Input your answers as a percent rounded to 2 decimal places.) b. Based on the profit margins (returns on sales), which division is superior? Division A Division B
Answer:
a. Division A = 5.80 %, Division B = 8.95 %
b. Division B is superior. Because, it generates a greater profit margin per each sale made.
Explanation:
a. Compute the profit margins
Profit margin = Profit / Sales × 100
Division A = $134,000 / $2,310,000 × 100
= 5.80 % (2 decimal places.)
Division B = $33,400 / $373,000 × 100
= 8.95 % (2 decimal places.)
b. Based on the profit margins
Division B is superior as it generates a greater profit margin per each sale made.
Construction Products Company and Dante enter into a contract for a sale of bricks and stones. Construction Products knows the purpose for which Dante will use the goods. Under the UCC, an implied warranty of fitness of a particular purpose arises:__________.
a. if the buyer is relying on the seller to select suitable goods.
b. if the buyer asks for it.
c. if the seller is a merchant who deals in goods of the kind sold.
d. in conjunction with lease contracts, not sales contracts.