Answer:
Shannon Company
Segmented Income Statement
Total Company North South
Division Division
Total sales 480,000 100% 230,000 47.9% 250,000 52.1%
Variable costs 307,200 100% 138,000 44.9% 169,200 55.1%
Contribution margin 172,800 100% 92,000 53.2% 80,800 46.8%
Traceable fixed 100,800 100% 52,500 52.1% 48,300 47.9%
Segment income 72,000 100% 39,500 54.9% 32,500 45.1%
Common fixed 62,400 100%
Net income 9,600 100%
North's total sales = $92,000 / 40% = $230,000
South's total sales = $480,000 - $230,000 = $250,000
South's contribution margin = $172,800 - $92,000 = $80,800
Total segment income = common fixed + net income = $62,400 + $9,600 = $72,000
In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 2889 for December's utilities was correctly written and drawn for $270 but was erroneously entered in the accounting records as $702. The journal entry to adjust the books for the bank reconciliation would include which of the following for this situation?
A. Add 3,600 to the book balance of cash.
B. Add $3,700 to the bank statement balance.
C. Add $7,390 to the book balance of cash.
D. Deduct $3,600 from the book balance of cash.
Answer:
$432 Added in the balance of cash book
Explanation:
Given:
Amount of check = $270
Accounting record = $702
Find:
Correction.
Computation:
Added in the balance of cash book = Accounting record - Amount of check
Added in the balance of cash book = $702 - $270
Added in the balance of cash book = $432
The supply chain network is designed to maximize total profits, taking into account the expected margin and demand in each market, various logistics and facility costs, and the taxes and tariffs at each location. True or False
Explanation:
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Corporate bond A has a 6 percent coupon and matures in 3 years. Corporate bond B has a 6 percent coupon and matures in 15 years. The current interest rate is 6 percent. By how much will Bond A and Bond B change in price if the market rate increases to 6.5 percent
Answer:
New price of bond A = $986.76, this means that the price decreased by $13.24 or 1.32%.
New price of bond B = $952.99, this means that the price decreased by $47.01 or 4.7%.
Explanation:
Since the current market interest is 6%, then both coupons A and B are sold at face value. If the market interest increases to 6.5%, then
New price of bond A:
PV of face value = $1,000 / (1 + 6.5%)³ = $827.85
PV of coupon payments = $60 x 2.64848 (PV annuity factor, 6.5%, 3 periods) = $158.91
New price of bond A = $986.76, this means that the price decreased by $13.24 or 1.32%.
New price of bond B:
PV of face value = $1,000 / (1 + 6.5%)¹⁵ = $388.83
PV of coupon payments = $60 x 9.40267 (PV annuity factor, 6.5%, 3 periods) = $564.16
New price of bond B = $952.99, this means that the price decreased by $47.01 or 4.7%.
Which of the following statements are true about authorized direct payments: (select all that apply)
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
b. Banks make many mistakes while processing these types of withdrawals
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
e. It is very expensive to enroll into automatic bill payment.
f. Once you enroll into automatic bill payment, you have to authorize direct deposits to your account on regular basis.
Answer:
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
Explanation:
Authorized Direct Payments give permission to an entity to withdraw a certain amount from your bank account to pay bills or other expenses. It is typically collected at a regular interval which is usually in months.
When using this it can be easy to forget that you have given permission for your money to be withdrawn from every period because you are not dealing with it directly. This means that you might even forget to adequately fund your account to enable the payment.
This type of payment is however very convenient as it means that you do not have to sign orders or checks every period because the payment just goes through automatically without bothering you.
As part of their convenience, these types of payments can be set up relatively fast. Stopping them on the other hand is a bit more difficult because it requires following up on multiple parties including the merchant and your bank. You would have to tell the merchant to stop collecting the payments sometimes by letter. Then you would have to issue a stop order to your bank to make sure they stop the payments. Then you have to ask for an update after some days from all parties to ensure that indeed your request has been carried out.
Statements that are right about authorized direct payments are;
It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments.It is convenient. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.What is authorized direct payments?A authorized direct payments is a kind of payment that occur when one authorize a company to electronically collect a pre-authorized amount from your checking in order to a bill.
It is an automatic payment plans can be set up in a matter of minutes and it's time saving.
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Agent John is planning to conduct a series of events. Some will be strictly educational, others will be formal presentations of specific UnitedHealthcare plans, and others will be informal marketing events where he can generate leads and schedule future in-home marketing appointments. Of the three types of events John plans to conduct, which need to be reported to UnitedHealthcare?
Answer:
informal marketing events where he can generate leads and schedule future in-home marketing appointments
Explanation:
Agents working with UnitedHealthcare, conduct different types of activities which range from, educational events, formal presentations, and informal marketing events. Informal marketing events are expected to be reported to UnitedHealthcare. These events can be reported using the bconnected and the event request forms. These reports may begin with an introductory presentation. In such cases, the event type is recorded as, 'Resource Center'.
Also, educational content could be presented along with the informal sales event. It begins with a short introduction, followed by the actual facilitation of the event using a kiosk, booth, or table. All the rules which guide the conduction of these events should be adhered to strictly by the agent.
Agent John will need to report the plans to the United Healthcare which are of the informal nature. So John will have to report the informal events where he can generate leads.
John will also be able to schedule in-house marketing appointments in the future, if any as he will also have a financial interest in such kind of informal events.
Agent John has planned to host a series of events of which the informal nature events will help Agent John to report such plans to the United Healthcare.These events will strictly need to be reported as John will develop leads and will be making some in-house marketing appointments in the future having monetary purpose. So, to let the United Healthcare know about such monetary purpose, they will be eligible to be checked and verified and produced when demanded by Agent John in order to comply with laws.Hence, Agent John will have to report the informal events where he will generate leads to the United Healthcare to comply with regulations.
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The U. S. national debt:______________.
a. will be paid off when the budget is finally balanced.
b. is paid off each fiscal year when the debt is refinanced.
c. will never be paid off in any given year, but it will be entirely paid off when it is refinanced over a number of years.
d. equals the dollar amount of outstanding U.S. Treasury bonds
Answer:
d. equals the dollar amount of outstanding U.S. Treasury bonds
Explanation:
The National debt is entirely represented by the total dollar amount of outstanding U.S. Treasury bonds, both those bonds that are held by the public (private citizens), or by other governments.
Currently, the U.S. National Debt is over 24 million, and the amount of debt that can be issued in the form of U.S. Treasury bonds is limited by the national debt ceiling.
If you invest 50 percent of your funds in a stock with beta=1.5, 30 percent in a stock with beta=0.9 and 20 percent in a stock with beta=0.3, your portfolio beta will be
Answer:
1.08
Explanation:
The computation of the portfolio beta is shown below:
Portfolio beta is
= Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock
= 0.50 × 1.50 + 0.30 × 0.90 + 0.20 × 0.30
= 1.08
We simply applied the above formula so that the portfolio beta could come and the same is to be considered
Eve's Apples opened for business on January 1, 2012, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2012
Answer:
$18,000
Explanation:
Since the two insurance polices are for 18 months and 2 years respectively, at $36,000 and $12,000 each, we can deduce that by the 31st of December, 2012 a year each has been off the policies.
By that, we can simply deduce that for the $36,000 liability policy, its monthly rate is $2,000 ($36,000 ÷ 18). Same can be said for the crop damage plan at $12,000 for 2 years. If a year is off the plan, the 2nd year is worth $6,000 ($12,000 ÷ 2).
Therefore, from the liability policy, we have $12,000 left for the 6 months left on the plan while we have $6,000 on the crop damage plan for the next year 2013.
Adding both remainders gives $12,000 + $6,000 = $18,000
Cheers.
________ is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization.
Answer:
Simple Structure
Explanation:
Im pretty sure!
Wavetel, a hardware company based in Europe, acquires Telior, its competitor in a neighboring country. Identify the market-entry strategy that best describes Wavetel's move. Joint venture Direct foreign investment Franchising Indirect exporting
Answer:
Direct foreign investment.
Explanation:
A foreign direct investment commonly used by abbreviation FDI refers to a cross border investment in a business venture by a firm or individual of the country. In a broad sense, FDI occurs when a stockholder establishes overseas business activities or possesses foreign stock holdings in a foreign firm. FDI is a crucial component of global economic development since it establishes secure and long term trade linkages. FDI is an essential factor for the transfer of technology and infrastructure development and between different nations of the world. As per the question, Wavetel acquires a business firm in a neighboring country and it is a classic example of FDI.
What are the 3 Building Blocks of Debt
Answer: Earning, saving, and spending
Explanation:
Answer:
The three building blocks of debt are:
EarningSpendingSaving
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the property for income, and lived in the house of 2 of those years. The client sells the house for $500,000. How much of the gain is taxable
The way that Nederlander's Audience Rewards program works is that patrons and new customers get free membership and are entered into the ticketing system. When they buy tickets, they collect points and are able to redeem them for free or discounted tickets and other rewards. Which of the following consumer sales promotion methods is the program based on?
A. Consumer games
B. Frequent-user incentives
C. Coupons
D. Cents-off offers
Answer:
B. Frequent-user incentives
Explanation:
Consumer sales promotion refers to the techniques that are adopted by the marketing team of the company to fascinate and excite the customers to buy the products. Customer incentive programs are one of the methods of sales promotion. In this method, the customers are provided with additional benefits via redeeming the points they collect when they purchase the products. This method also helps in maintaining customers by offering such incentives to them.
In the given excerpt, Nederlander's audience rewards program is an example of a frequent-user incentive method of consumer sales promotion.
Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely were able to get everyone together. For Thanksgiving 2018, Mary Elizabeth Ortiz decided to surprise her family by booking a mountain retreat for the entire clan. She especially wanted to celebrate her uncle's return from overseas military service. On September 15, 2018, Mary rented a spectacular lodge in the Tennessee Smoky Mountains with over 20 bedrooms and an incredible view, paying in advance the full $2,500 per night fee for 3 evenings, but not purchasing travel insurance. The lodge had the following cancellation policy: "A sixty (60) day notice is required for cancellation. Cancellations that are made within 60 days of the arrival date, for any reason, forfeit the full advance payment and reservation deposit. You are advised to purchase travel insurance separately if cancellation costs are a concern." The rental contract also stated that the only exception would be for "acts of God, such as fires or earthquakes." One week before Thanksgiving, Mary's uncle had a heart attack and was hospitalized. The next day, November 16, 2018, Mary cancelled the reservation, and requested a full refund, which the lodge refused to provide. Does Mary have a claim for the return of her $7,500?
(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answer:
1. Political instability
2. High cost of taxation
3. Insecurity
4. Changes in law and policy
Explanation:
1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.
1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.
1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.
1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.
2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.
The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pay valid claims. In the forming of an insurance contract, this is referred to as
Answer:
utmost good faith
Explanation:
The utmost good faith refers to the principle in which both the parties are acted honestly i.e it disclosed all the information related to the insurance and does not misguide anything to gain a benefit in term of profit
Therefore in the given case, there is a contract made between the two parties where they trust each other and hope that they treated each one in a honest manner
So this situation represent the utmost good faith
Jose and Jan have inherited $200,000 from their parents. They are glad that their money in this financial institution is insured by the FDIC. They know that they have physical access to their financial institution when they travel since it is many states all over the nation. What financial institution have they chosen
Answer: Bank
Explanation:
From the question, we are told that Jose and Jan have inherited $200,000 from their parents and that they are happy that their money in this financial institution is insured by the FDIC and they have physical access to their financial institution when they travel since it is many states all over the nation.
Based on this explanation, they have chosen a bank. A bank is a financial institution that collects deposit from the public, make loans, keep valuables etc. Banks also provide functions such as currency exchange, and wealth management.
Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers.
Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also keen to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
a. aware
b. open to trial
c. most often used
d. nonrejecter
e. regular user
Answer: B) Open to Trial
Explanation:
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
do not understand what you are saying
Anthony and Cathy Smith have been married for thirty-one years. They have always had a joint bank account, discussed big expenditures, and shared household duties. Which term best describes the Smith family based on this information
Answer: Egalitarian
Explanation:
From the question, we are informed that Anthony and Cathy Smith have been married for thirty-one years and that they have always had a joint bank account, discussed big expenditures, and shared household duties.
The term that can be used to describe them is egalitarian. Egalitarian is a principle which believes that everyone is equal and everybody deserve a equal opportunity and has an equal right.
Flying High Manufacturing produces frisbees using a threeminusstep sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, which account is debited?
Answer and Explanation:
The journal entry is shown below:
WIP inventory - Coloring Dr XXXXX
To WIP inventory - molding XXXXX
(Being the transferring from the molding process to the coloring process is recorded)
For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets
Smith Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $6. The normal gross profit ratio is 20% of selling price. The replacement cost of the inventory is $95. Smith Company uses the LIFO inventory method so must use the lower of cost or market approach and this inventory item should be valued at
$95, NRV=$110-6=$104 is the ceiling. The floor is NRV less the typical 20% profit or $104 – 22 = $82. $95 is the replacement cost. Market value is between these three values, therefore it equals $95 as opposed to $100 in cost. Because the cost is smaller, record at cost.
What is NRV?A valuation approach called net realizable value (NRV), which is popular in inventory accounting, takes into consideration the total amount of money an asset can bring in through sales minus an estimate of the charges, fees, and taxes related to that sale or disposal
When determining an asset's value for inventory accounting, the NRV technique is frequently utilized. Accounts receivable and inventory are two of the biggest assets that a firm may disclose on a balance sheet. Both of these asset classes are valued using the NRV method. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards both employ the NRV valuation approach (IFRS).
The application of the principle of conservatism to accounting work is mandated by GAAP for certified public accountants (CPAs). When selecting an accounting approach, there is often room for discretion or judgment. Accounting professionals must always take a more cautious course of action in accordance with the conservatism principle. This indicates that the accountant ought to choose an accounting technique that makes less money and doesn't inflate the worth of assets.\
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An important distinction between the classical and Keynesian view of the economy is that Select one: a. Keynes stressed the supply side of an economy while classical economists stressed the demand side of the economy. b. classical economists argued that output gaps were caused by shifts in the long-run aggregate supply while Keynes’ maintained that output gaps were created by shifts in aggregate demand. c. Keynes stressed the demand side of an economy while classical economists stressed the supply side of the economy. d. classical economists argued that output gaps were caused by shifts in the long-run aggregate supply while Keynes’ maintained that output gaps were created by wage and price rigidities
Answer:
C. Keynes stressed the demand side of an economy while classical economists stressed the supply side of the economy.
Explanation:
The significant distinction between the classical and Keynesian view of the economy is that Keynes lays emphasis on the demand side of the economy while classical economists focus more on demand-oriented evaluation and correction of imbalances in the economy.
Classical theorists assert that 'supply has the ability to produce its own demand.' It says that 'the production will generate sufficient income to purchase all the output produced in the economy' while Keynes claims that demand is the key driving force that drives the economy. Thus, the former relied on monetary policy while the latter on fiscal policy.
match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
which bear is best? Beets. Bears. Battlestar galactica.
Answer:
black bear
Explanation:
I've watched the office 10 times
Answer:
N/A
Explanation:
That's a ridiculous question.
A customer, age 69, has never invested in securities. She is retired with no dependents, living on a fixed pension of $35,000 per year. She has a savings account with $160,000 and her home is fully paid. She desires to supplement her retirement income, assuming minimal risk. The BEST recommendation would be for the customer to invest $100,000 of her cash savings into a(n):
Answer:
5000
Explanation:
Took the test
Robert wants to start an independent recording studio. In order to finance his start-up, Robert seeks help from Esther, a successful business magnate. Esther agrees to fund Robert's venture as long as she receives a 20% share of the profits made by Robert. In the given scenario, Robert receives the financial resources to start his business:
Answer:
from an angel investor
Explanation:
Based on this information it can be said that Robert receives the financial resources to start his business from an angel investor. An angel investor is an individual that has a large amount of money and decides to provide financial backing to a specific small startup business or entrepreneur in order for them to get their vision up and running, in exchange for a percentage of the company. In this specific scenario the Angel Investor was Esther, who supplied Robert with the resources necessary in exchange for a 20% cut of the business.
PLEASE HELP! IF YOU CAN'T ANSWER ALL OF THE QUESTIONS, PLEASE JUST GIVE ME AS MUCH AS YOU CAN! THANK YOUUUU
1. How can a business use its customer profile to meet the objective of increasing sales?
2. Explain why a business may decide to increase its product mix.
3. Define ‘customer profile’ and explain two elements that might be useful in creating a customer profile.
4. ‘Any business that fails to conduct a sales analysis will be unable to assess the success of its marketing strategies.’ Discuss.
5. A business has a sales forecast of $90000 but achieves actual sales of only $25000. What does this signify? What should the business do next?
6. Darren runs a garden maintenance business and has carried out a marketing campaign in his own and neighbouring suburbs. Explain how each of the following may help him evaluate the success of that campaign:
a. sales analysis b. market share analysis c. marketing profitability analysis
Answer:
1. Customer profile is used to increase sales by keeping their demand in mind. Customer traits and requirements are important and used a target for increasing sales.
2. Profitability is the main reason when a company is increasing its product mix.
3. Understand your product, take feedback from customer, observe customer typology.
Explanation:
4. The sales analysis is very important for any business. It is important to forecast sales based on demands of customers to ensure sufficient supply of products.
5. Inaccurate sales forecasting leads to decline sales. The company has foretasted $90,000 but in actual it was only able to make up $25,000 of sales. This may be due to some unavoidable circumstances but during forecast such events and seasonal effects should be considered.
6.
Sales analysis is an important factor which helps any organization to meet market demands.
Market share analysis helps the organization to identify where it stands out among its competitors.
Marketing profitability analysis is a process which helps a company to design such marketing strategies which will help to boost its profitability.
Synergistic benefits can arise from a number of different sources, including operating economies of scale, financial economies, and increased managerial efficiency.
a) True
b) False
Answer:
A. True.
Explanation: Synergistic Benefits is a term used to describe and show that the combined performance and worth of a combined entity or two Businesses will be greater than the sum of the individual Business worth/value or performance.
It helps to ensure that Organisations work in synergy or combined efforts towards achieving excellence.