According to the question, the expected cash collections for February are $722,000.
What is cash collections?Cash collections is a process of collecting payments from customers. It involves collecting payments by cash, check, or credit card. It is important to have a well-defined cash collection process in order to ensure timely payments and maintain good relationships with customers. The process should start with clearly communicating payment terms to customers, such as due dates, acceptable payment methods, and late fees. It should also include tracking payments, such as creating invoices, sending payment reminders, and following up on delinquent payments. Finally, it should include depositing payments in a timely manner and ensuring the accuracy of the cash collections process. Cash collections is an important part of any business and should be followed carefully to maintain successful relationships with customers.
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1.Below is a demand schedule facing an individual firm. Complete the table by computing average revenue, total revenue, and marginal revenue. Then answer the following two questions: (a) How can you tell whether a firm is operating in a market that is purely competitive? (b) What relationship exists between average revenue and marginal revenue? (6 marks)
Quantity Average Total Marginal
Price demanded revenue revenue revenue
$30 0 $_____ $_____ –––
30 1 _____ _____ $_____
30 2 _____ _____ _____
30 3 _____ _____ _____
30 4 _____ _____ _____
30 5 _____ _____ _____
30 6 _____ _____ _____
A) You can tell whether a firm is operating in a market that is purely competitive if the average revenue is equal to the price of the good or service being sold.
What is firm?Firm is an economic organization that produces and distributes goods, services, or both, to consumers. It is a business entity, typically owned and operated by one or more people, which provides the capital and resources for the production, acquisition, and distribution of goods, services, and other resources. Firms can range in size from sole proprietorships to large multinational corporations. A firm's success depends upon its ability to manage resources effectively and efficiently in order to achieve a desired level of profitability.
(b) The relationship between average revenue and marginal revenue is that they are both equal at the point of perfect competition.
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Read the article 8 Things You Should Consider Before Getting a Franchise
After reading the 8 items, select one and write a summary on it and note how it might apply to your business as a franchisor.
One of the items mentioned in the article "8 Things You Should Consider Before Getting a Franchise" is the importance of conducting thorough research before investing in a franchise.
What is the explanation for the above response?
One of the items mentioned in the article "8 Things You Should Consider Before Getting a Franchise" is the importance of conducting thorough research before investing in a franchise. It is crucial to research the franchisor's background, franchise system, and the industry in which the franchise operates to ensure that it aligns with your business goals and values.
As a franchisor, it is important to provide potential franchisees with comprehensive information about your franchise system, including financial information, training and support, marketing strategies, and operational procedures. This will help franchisees make an informed decision about investing in your franchise and ensure that they have a clear understanding of what they can expect.
It is also important to conduct ongoing research and analysis of the industry to stay up-to-date on market trends and consumer demands. This will enable you to adapt your franchise system to changing market conditions and provide your franchisees with the support they need to succeed.
By focusing on thorough research, both as a potential franchisee and as a franchisor, you can ensure that you make an informed decision about investing in a franchise and set yourself up for long-term success.
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Draft an individual investment policy statement as a guide to your future investment planning. What will be the advantages of having an investment policy statement?
Your financial future is guided by a strong IPS. An investment policy statement can be a crucial and practical tool since it establishes the basis for a client-financial adviser relationship and offers a clear course of action. The IPS information includes information on the advisor's decision-making process.
What exactly is an investment policy statement?It is a contract between a client and a financial advisor stating how the advisor will help the client achieve their financial objectives. It needs to be customized based on the client's unique financial and investment information as well as the financial advisor's fees. Financial advisors use an Investment Policy Statement or IPS as a strategic document to lay forth principles that can help launch and manage a client's investment program.
A summary of investment policy statement
John Alberto, a 65-year-old individual investor
Individual, Taxable Portfolio
Condition: California
ID tax: xxx-xx-xxxx
$75,000 in current assets
Return Target: 8%
Worst-case scenario annual loss cap: 12–15%
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On Gothic cathedrals, there are often waterspouts sculpted from stone that extend out from the building and may have a scary appearance. What are these structures called?
A.
apses
B.
gargoyles
C.
ribbed vaults
D.
flying buttresses
Answer:
These tructures are simply called, gargoyles
9-13. LinkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers be more interested in this group over others?
Answer:
Explanation:
Theme 3: Education ... most engaged, and you can reach a professional ... people that are most relevant for your content goals and your business.
Explain with examples, why the study of macroeconomics is important to an undergraduate student of Economics in Nigeria.
Exercise 11-11 Capitalizing interest (LO 11-2)
Kobe Company began constructing a building for its own use in February 20X1. During 20X1, Kobe incurred interest of $70,000 on specific construction debt and $15,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $60,000.
Required:
1a. What amount of interest should Kobe capitalize?
1b. Prepare the journal entry to record payment of the interest.
2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, what amount of interest should Kobe capitalize?
1a. Kobe should capitalize $60,000 of interest.
1b. The journal entry to record payment of the interest would be:
Interest Expense 60,000 and Interest Payable 60,000
2. Kobe should still capitalize $70,000 of interest.
What is an interest?
1a. The amount of interest that Kobe should capitalize is the lesser of the actual interest incurred on the specific construction debt, which is $70,000, and the amount of interest computed on the weighted-average amount of accumulated expenditures, which is $60,000. Therefore, Kobe should capitalize $60,000 of interest.
1b. The journal entry to record payment of the interest would be:
Interest Expense 60,000
Interest Payable 60,000
2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, Kobe would still only capitalize the lesser of the actual interest incurred on the specific construction debt, which is $70,000, and the amount of interest computed on the weighted-average amount of accumulated expenditures, which is $90,000. Therefore, Kobe should still capitalize $70,000 of interest.
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1.a) True or False: A firm is in the value destroying stage whenROIC < WACCb) True or False: ROIC and size are not correlated
If the ROIC is less than the WACC, it means that the company is not generating sufficient returns on its invested capital, and is effectively destroying value for its shareholders.
In some industries, such as manufacturing or retail, larger companies may benefit from economies of scale, which can lead to higher ROIC. In other industries, such as technology or biotech, smaller companies may have a competitive advantage due to greater flexibility and innovation, which can also lead to higher ROIC.
However, there is no clear or consistent relationship between ROIC and company size, and other factors such as industry structure and competitive position may play a more significant role in determining a company's ROIC.
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State the minimum monthly income, an hourly wage per hour, needed to cover monthly expenses for the family used in part a and explain how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full-time worker works four 40 hour work weeks per month and each part time worker works two 40 hour weeks per month.
Divide wages by using hours and that is your hourly rate. If you work longer hours at positive times of the month, then track your time for a month, and divide your annual pay by way of 12.
How do you calculate hourly charge from monthly income?Get the hours per months = Hours in Year ÷ 12 (months) Get Hourly Pay = Monthly Salary ÷ Hours Per Month.
Daily fee of pay for a monthly-rated employee is calculated the usage of the formulation below: Regular Days Rate of pay = Employee's Monthly Rate of pay / 26 days.
The ADW calculated is the price of pay mirrored in the system. This is the formula used: Total Wage (for the applicable period) / Number of Days (same relevant period)
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Type questions and answers. Answers must thorough and in complete sentences.
Please answer I’m so confused??
The three types of business plans are:
Startup Business Plan: This type of plan is used by entrepreneurs who are starting a new business.
Strategic Business Plan: A strategic business plan is designed for existing businesses that want to set a clear direction for growth and expansion.
Operational Business Plan: An operational business plan is used to guide day-to-day operations and management decisions.
What does a Business plan means?A business plan is a written document that describes in detail how a business will achieve its goals and objectives. It typically includes information on the company's products or services, target market, marketing strategy, financial projections, and other critical details that are essential to the success of the business.
A business plan is often used to secure funding from investors or lenders, but it can also serve as a roadmap for the company's growth and development.
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Income tax is calculated based on:
O A. gross income.
O B. net income minus profits.
о C. net income minus deductions.
D. gross income minus deductions.
Income tax is calculated based on: C. net income minus deductions.
How is income tax calculated?Income tax is calculated based on the net income of an individual or entity, which is the income after deducting allowable deductions from the gross income. Deductions are expenses or exemptions that are allowed by tax laws to reduce the taxable income, and they can include items such as business expenses, charitable donations, and certain personal expenses.
The net income, which is the remaining income after deductions, is then subject to the applicable tax rates according to the tax bracket of the taxpayer. Therefore, option C, "net income minus deductions," is the correct statement for how income tax is calculated.
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Which of the following characteristics typically makes a training module more effective for an employee?
a) It is tailored to the specific needs of the employee and focuses on realistic situations that employees’ face in their daily roles
b) It focuses on presenting abstract concepts to employees rather than getting into details about practical applications in their jobs
c) It is at a large, attractive venue where lots of people can sit and listen to a well-known speaker it at the same time
Option (a) It is tailored to the specific needs of the employee and focuses on realistic situations that employees face in their daily roles is the characteristic that typically makes a training module more effective for an employee. An organization will undoubtedly attract better talent and sustain itself if it develops its employees' talents and considers its expansion.
How do training programs in an organization benefit the employees?In order to increase an employee's performance and productivity in their present company or work role, employee training and development is a program that teaches them a specific skill as well as knowledge. It enhanced present performance and supported increased employee development. Also, it aids the firm in avoiding the expenditures associated with losing talent.
More staff can be retained by businesses with effective training and development programs, which also increase profitability and boost employee engagement. In addition to assisting an employee's progress, training and development also encourages business growth. Also, it aids in letting workers know that they are appreciated by the company. Employee development, however, has a wider focus. It is a sustained endeavor that is concerned with a person's growth.
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Question 12 (4 points)
A country's trade balance will fall if either
investment or saving rise.
investment falls or saving rises.
Saving falls or investment rises.
investment or saving fall.
The only response that accurately predicts when a nation's trade balance would decline is "Savings decreases or investment rises."
The concept of rise in investmentThe trade balance is the difference between a country's exports and imports of goods and services. If a country's exports exceed its imports, it has a trade surplus, and if its imports exceed its exports, it has a trade deficit.
Investment and saving are two important macroeconomic variables that can affect a country's trade balance. Investment refers to the amount of money that businesses and governments spend on capital goods, such as machinery, buildings, and infrastructure. Saving, on the other hand, refers to the portion of income that households and businesses do not spend and instead put into savings accounts or invest in financial assets.
If investment rises, businesses and governments are buying more capital goods, which can increase production and exports. Similarly, if saving falls, households and businesses are spending more money on consumption, which can increase imports. Both of these scenarios can lead to a trade deficit.
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