The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy fresh lettuce for $6.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $3.60 a box. Past history says that tomorrow's demand for lettuce averages 254 boxes with a standard deviation of 37 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? (Use Excel's NORMSINV() function to find the Z-score. Round intermediate calculations to four decimal places. Round your answer to the nearest whole number.) Number of boxes

Answers

Answer 1

Answer:

289 boxes

Explanation:

Calculation to determine How many boxes of lettuce should the supermarket purchase tomorrow

First step is to calculate Co using this formula

Co = buying price – discard price

Let plug in the formula

Co= 6.00 – 3.60

Co =2.40

Second step is to calculate Cu using this formula

Cu = selling price – buying price

Let plug in the formula

Cu= 18.00 − 6.00

Cu= 12.00

Third step is to calculate the Newsvendor fractile

using the formula this formula

p = Cu/(Cu + Co)

Let plug in the formula

p = (Cu/(Cu + Co))*100%

p= (12.00 / (12.00 + 2.40)) * 100%

p= (12.00 / 14.40) * 100%

p= 0.83 * 100

p= 83%

Fourth Step is to find the corresponding z value using Norm.s.inv() which gives us 0.954

Now let calculate the optimal quantity

Using this formula

Optimal quantity (Q) = Demand + std dev * z

Let plug in the formula

Q= 254 + (37* 0.954)

Q= 254+ + 35.298

Q= 289.298

Q= 289 boxes (Approximately)

Therefore How many boxes of lettuce should the supermarket purchase tomorrow is 289 boxes


Related Questions

How can life expectancy and literacy rates affect the quality of labor in the economy?​

Answers

Answer:

Healthier and better educated labor force = more productive and inventive.

Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During February, the company budgeted for 5,500 units, but its actual level of activity was 5,510 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month, Variable element per unit:
Revenue −−−−, $ 43.10
Direct labor $ 0, $ 6.20
Direct materials 0, 15.70
Manufacturing overhead 47,800, 1.40
Selling and administrative expenses 27,300, 0.70
Total expenses $ 75,100, $ 24.00
The activity variance for net operating income in February would be closest to:
A. $191 U
B. $1,651 U
C. $191 F
D. $1,651 F

Answers

Answer:

c. $191 Favorable

Explanation:

                                  Flexible budget   Planning budget   Activity variance

Units produced              5,510 units            5,500 units

Revenue                         $237,481               $237,050

Total Expenses              ($207,340)            ($207,100)

Net Operating Income   $30,141                  $29,950                $191 F

Workings

Flexible budget revenue = 5,510 units*$43.10 = $237,481

Planning budget revenue =  5,500 units*$43.10 = $237,050

Flexible budget expenses =  $75,100 + $24*5510 = $207,340

Planning budget expenses = $75,100 + $24*5500 = $207,100

Laura smiles as her employees file into the meeting room of the small vet clinic for their weekly staff meeting. Laura has owned the clinic for the last 20 years, but next week will be her last week as owner before she retires and her son Matthew and his wife Ayla take over the clinic. During the meeting, her team members provide Laura with status updates on the work they've been doing. Laura learns that her team has successfully completed their current project. The team members have now dispersed to focus on other projects or responsibilities. Which stage of team development does this represent

Answers

Answer:

Adjourning

Explanation:

The adjourning is the stage where the team would be disperse when the project is finished

As in the given situation, since Laura's team has completed the project and they are moved to the other responsibilities

So as per the given situation, the team development represent the adjourning stage

hence, the same is relevant and considered too.

Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: DepartmentDirect costsS1 S2 P1 P2 S1$66,000 0.70 0.10 0.20 S2$161,000 0.20 0.30 0.50 P1$166,000 P2$233,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:

Answers

Answer:

$46,200

Explanation:

Calculation to determine the amount of S2 costs allocated to S1

S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)

S2 costs allocated to S1 =$46,200/1.00

S2 costs allocated to S1 =$46,200

Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200

All yearly government spending is broken up into two categories; Mandatory spending which is required by law and Discretionary spending which is spending that must be approved each year by Congress.

Mandatory spending is spending that is required by current law. Most federal mandatory spending is in the form of safety net and entitlement programs, including the Food Stamp program, Social Security, Medicaid, and Medicare. Safety net programs represent “transfer payments” by which the government redistributes the income of the taxpayers by collecting taxes and providing services for those less fortunate and who do not provide any type of good or service in return. Entitlement expenditures include Medicaid and Social Security in which money that has been collected from taxpayers is then given back to those that contributed once they reach a certain age or meet other requirements. Other forms of mandatory spending include veterans benefits. For example, being a veteran means that you have already provided a service for which you were guaranteed, by law, certain benefits and payments (salary once you served your term/retirement, college benefits once you served your term, health insurance after you served your term, etc.). Because the law requires that these benefits be paid once the military personnel has served their term, these expenditures are mandatory and are automatically included in the US budget each year. The amount included for these expenditures is based on the number of citizens who “qualify” for these payments whether safety net, entitlement, or veteran benefits. Many other mandatory expenditures fall under the US budget. Over half of the entire US budget is mandatory which means that it cannot be changed without a change to the law.

About one-third of federal spending is Discretionary. This means that while this spending is for programs that are considered necessary to the operation of the US, they must be re-approved each year by Congress through a vote. The largest category of Discretionary spending is National Defense which must be approved each year. Other categories of Discretionary spending include education assistance, Interstate transportation programs, national parks, the Justice / Court system, and science, space, and technology research programs.

An appropriation is an Act which congress passes to approve discretionary spending. For example, one category of spending on education may be mandatory but congress may want to increase spending through an appropriation (or a special vote) which places the extra spending under the discretionary piece of the budget. One example of an appropriation that increased mandatory spending in the US annual budget is that of the Veteran’s Choice program. Veteran’s health benefits are required by law (they have served and part of their payment for serving is free health care after they retire). However, to receive their health benefits veterans have historically been required to utilize specific Doctors and hospitals. This is the law and therefore part of the mandatory budget. However, an appropriation was passed in 2019 which added extra funding to allow veterans to visit any Doctor they chose and be treated at any hospital of their choosing. The funding for this change is part of the discretionary budget and had to be approved by congress.



Questions:



1) Name and define the two types of spending that are included in the US budget each year.




2) What does it mean that mandatory spending is spending required by law? Give an example.


3) How much of the US yearly budget is required by law?







4) Who must vote to approve additional (Discretionary) spending each year?





5) What is the largest category of spending that must be voted on each year?





6) What is appropriation? Give an example.

Answers

Answer:

In the decade leading up to the Great Recession, the government kept federal spending below 20% of GDP. It grew no faster than the economy, around 2% to 3% per year. During the recession, spending grew to a record 24.4% of GDP in FY 2009. This increase was due to economic stimulus and two overseas wars.3

Explanation:

At the same time, growth slowed, which reduced tax receipts. Congress worried about the ballooning U.S. debt. No one could agree on how to reduce it. As a result, Congress enacted across-the-board budget cuts, called "sequestration."4 That finally reduced spending to 20.4% of GDP in FY 2015.5

Since then, spending has crept up again despite the sequester. Congress and the president rely on deficit spending to boost economic growth.6 But deficit spending is out of control. It rises each year, even when the economy is doing well.

Help! I dont have much lime left ;-;

Answers

Answer:

Anthropologist - researches and analyzes historical human characteristics

Agricultural Technician - gathers and test materials from plants and animals

Archivist - organizes, maintains and protects documents and records

Statistician - analyzes and explains numerical information

Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information (in millions) as follows: Segment Revenue Operating Income Depreciation and Amortization Film $5,000 $1,500 $525 Theme Park 1,000 320 112 Video Game 500 175 53 Totals $6,500 $1,995 $690 The EBITDA for the Theme Park segment is

Answers

Answer:

EBITDA = $2,685

Explanation:

EBITDA is the acronym for Earnings before interest taxes depreciation and amortization .

EBITDA is a common financial metric which is used to measure the a company's profitability unlike other profitability it is very useful to gauge how much cashflow a company's has. It is the profit earned by a firm before deducting non-cash items and other obligations. It quantifies how much cash is available to settle interest on debt obligations and taxes.

It is computed ad follows:

EBITDA = operating income + depreciation an amortization

               = $1,995 + $690= $2,685

EBITDA = $2,685

According to the Census Bureau, in October 2016, the average house price in the United States was $27,358. 8 years earlier, the average price was $21,808. What was the annual increase in the price of the average house sold

Answers

Answer:

Annual increase in price=3.3%

Explanation:

Using the cumulative average growth formula, we can compute the average annual increase as follows;

Average annual increase =( Recent price/Initial price)^1/(n-1)

Initial price =$27,358. 8

Recent price = $21,808

n=8

Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%

Annual increase in price

As the owner of La Boulangerie Bakery in Baton Rouge, Louisiana, you have a devoted clientele savoring your delicacies. Your salty caramel cupcakes offer an irresistible salty-sweet flavor combination using fleur de sel crystals hand harvested from the pristine seas off Brittany, France. Although your cupcakes are a trendy hit, you also feature delicious cakes, squares, cookies, and breads. Your bakery has a medium-sized storefront; however, most of your business comes from supplying local restaurants and coffee shops with your tantalizing treats. You own two trucks that make deliveries to customers throughout the Baton Rouge metropolitan area.

Although La Boulangerie is financially successful, rising costs have severely undercut your profits over the past few months. You know that you are not the only business owner dealing with rising prices. Many of your suppliers have raised their prices over the past year. Specifically, the higher prices of wheat and sugar have resulted in a drastic increase in your production costs. Previously, you did not charge for deliveries made to your wholesale clients. However, you now feel that you have no choice but to add a delivery charge for each order to cover your increased costs and the rising price of gas.

Required:
As the owner of La Boulangerie Bakery, write a letter to your wholesale clients in which you announce a $20 charge per delivery. Try to think of a special offer to soften the blow.

Answers

Answer:

La Boulangerie Bakery,

Baton Rouge,

Louisiana, U.S.A

25th April, 2021

Dear esteemed customers,

I bring to you an unpalatable news about the changes that would be initiated in our business approach to our customers.

As you can bear witness to, there has been a drastic increase in the cost of doing business in our industry with the notable changes being in the wheat used in producing our confectioneries, the sugar as well as the rising cost of transportation to various customers' locations.

Taking this into account, our company decided to introduce a flat rate delivery cost of $20 irrespective of the location of our customers. This would help us to minimize our production cost. Inorder to also consider our customers, there is a free 20 pieces cake (box) offered to every customer who buys 50 box of each product. This means, 50 box of cupcakes earns you one box free, 100 box cupcake purchase earns you 2 free boxes.

I do hope you would understand our challenges as a company and bear with us regarding to this delivery charge introduction.

Sincerely,

Maris Albert (For the company)

Explanation:

A company's current assets are $30000 and current liabilities are $19000. Calculate the company's current ratio as a percentage. Does the company have enough assets to pay its liabilities?

Answers

Answer:

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

The current ratio of 157.89% means that the company has 157.89% of current assets to pay off 100% or all of its current liabilities. To understand it better, we can say that to pay off every $1 of current liability, the company has $1.5789 of current assets. Thus, the company has enough current assets to pay off its current liabilities.

Explanation:

The current ratio is a measure of liquidity of a business. It is calculated by dividing the current assets by the current liabilities of the company. To express current ratio in a percentage form, we use the following formula,

Current Ratio (in %) =  [Current Assets / Current Liabilities] * 100

Current Ratio (in %) = [30000 / 19000] * 100

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

Answer:

Part 1

1.58

Part 2

the company does not have enough assets to pay its liabilities.

Explanation:

Current ratio = Current Assets ÷ Current Liabilities

therefore,

Current ratio =  $30000 ÷ $19000 = 1.58

conclusion

A current ratio of above 2.0 is usually preferred, therefore the company does not have enough assets to pay its liabilities.

Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance.

Required:
Complete the short-term financing section of the cash budget and all missing figures

October November December Total
Cash balance, beginning $24,0005
Collection on sales 36,000 41,000 81,000
Cash available for operations
Disbursements for operations (51,000) (61,000) (40,000)
Ending cash before borrowings or replacements
Short-term finance:
New loans
Repayments
Interest
Cash balance, ending

Answers

Answer:

Holidays Events

Cash Budget

                                                     October  November  December  Total

Cash balance, beginning            $24,000   $12,000     $12,000   $24,000

Collection on sales                        36,000     41,000        81,000    158,000

Cash available for operations    $60,000  $53,000    $93,000  $182,000

Disbursements for operations     (51,000)   (61,000)    (40,000)  (152,000)

Ending cash before borrowings

or repayments                             $9,000   ($8,000)   $53,000   $30,000

Short-term finance:

New loans                                      3,000     20,000                        23,000

Repayments                                                                   (23,260)   (23,260)

Interest                                               30           230           0            

Cash balance, ending              $12,000    $12,000    $29,740   $29,740

Explanation:

a) Data and Calculations;

Loans obtained in increments of $1,000

Minimum end-of-month balance = $12,000

Simple Interest rate = 1% per month

Cash Budget

                                                     October  November  December  Total

Cash balance, beginning            $24,000   $12,000     $12,000   $24,000

Collection on sales                        36,000     41,000        81,000    158,000

Cash available for operations    $60,000  $53,000    $93,000  $182,000

Disbursements for operations     (51,000)   (61,000)    (40,000)  (152,000)

Ending cash before borrowings

or repayments                              

Short-term finance:

New loans                                      

Repayments                                    

Interest                                                    

Cash balance, ending  

b) Holidays' Cash Budget is a Schedule that estimates the cash inflows and outflows  during a period of its financial cycle.  The purpose of preparing one is to determine availability of cash for continuing operational activities.  In addition, the Cash Budget shows when Holidays needs to borrow cash to continue operations.  Excess cash is also determined from the Cash Budget for investment purposes.          

mention any three differences between bookkeeping and accounting​

Answers

Answer and Explanation:

The three differences between the bookkeeping and accounting is as follows:

1. The preparation of the financial statements would not be part of this but it should be the part of the accounting

2. The bookkeeping does not required any kind of skill set but in the accounting it require skill set to perform the calculations

3. Bookkeeping does not do any kind of analysis but the accounting perform the analyses, it use the bookkeeping information so that it would help to interpret the data.

Select the examples that best demonstrate likely tasks for Transportation Systems/Infrastructure Planning, Management, and Regulation workers. Check all that apply.

Tanya sells airplane tickets to customers.
Stefan repairs bus engines that aren’t working properly.
Fletcher gathers and analyzes information about traffic accidents at an intersection.
Heidi sells vehicle parts to repair shops.
Jay inspects the cargo being loaded onto a ship.
Edie explains the goals of a transportation project to members of the community.

Answers

Answer:

C,E,F

Explanation:

Edge 2021

Answer:

C, E, F

Explanation:

Its correct i did it

You currently own 900 shares of JKL which is an all-equity firm with 250,000 shares of stock outstanding at a market price of $40 a share. The company's earnings before interest and taxes are $120,000. JKL has decided to issue $1 million of debt at 6.5 percent interest and use the proceeds to repurchase shares of stock. How many shares of JKL stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest

Answers

Answer:

90 shares

Explanation:

Calculation to determine How many shares of JKL stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest

First step is to calculate Your initial investment

Your initial investment = 900 x $40

Your initial investment = $36,000

Second step is to calculate JKL value of stock

JKL value of stock = [250,000 - ($1M/$40)] x $40 JKL value of stock = $9M

Third step is to calculate JKL Total value

Value of Debt = 1M

JKL Total value = 9M + 1M

JKL Total value = 10M

Fourth Step is to calculate You new stock position

JKL Wight Stock = 9M/10M = 9/10

You new stock position = [9/10($36,000)]/10

You new stock position= $32,400/40

You new stock position=810 shares

Now let calculate the Number shares sold

Number shares sold = 900 Shares - 810 Shares

Number shares sold = 90 shares

Therefore the numbers or shares of JKL stock that must you sell to unlever your position if you can loan out funds at 6.5 percent interest is 90 shares

interest cost (the increase in pension costs due to the passage of time), the expected return on plan assets (the amount that managers anticipate they will earn on the plan's investments), and other costs were all reflected in operating income. Under the new rules (which are now in effect), service costs will be reported as an operating cost and all the other pension costs and any expected returns will be reported as non-operating items. What will be the change in operating income for GM

Answers

Answer:

The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.

However, this change will not affect the net income, as all the items will still be accounted for, accordingly.

Explanation:

GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations.  The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs.  By this separation, the operating income of GM will increase.

choosing to sell your house
is an example of property rights providing the right for you to

enjoy property
control property
exchange property
own property

Answers

Answer:

d. own property

Explanation:

it is not a right to enjoy, control or exchange. but it is your right to own

In determining Blue Corporation's current earnings and profits (E & P) for 2019, how should taxable income be adjusted as a result of the following transactions?
Select either "Increase", "Decrease" or "Not be affected", whichever is applicable.
a. A capital loss carryover from 2018, fully used in 2019.
b. Nondeductible meal expenses in 2019.
c. Interest on municipal bonds received in 2019.
d. Nondeductible lobbying expenses in 2019.
e. Loss on a sale between related parties in 2019.
f. Federal income tax refund received in 2019.

Answers

Answer: See explanation

Explanation:

Taxable income simply refers to the income that the government imposes a tax on. Taxable income should be adjusted on the following transactions as follows:

a. A capital loss carryover from 2018, fully used in 2019.

Based on the above transaction, taxable income should be increased.

b. Nondeductible meal expenses in 2019.

Based on the above transaction, taxable income should be decreased.

c. Interest on municipal bonds received in 2019.

Based on the above transaction, taxable income should be increased.

d. Nondeductible lobbying expenses in 2019.

Based on the above transaction, taxable income should be decreased.

e. Loss on a sale between related parties in 2019.

Based on the above transaction, taxable income should be decreased.

f. Federal income tax refund received in 2019.

Based on the above transaction, taxable income should be increased.

The company is now using only 70% of its normal capacity; it could fully use its normal capacity by processing the assembly further and selling it for $51 per unit. If the company does this, material and labor costs will each increase by $2 per unit and variable overhead will go up by $1 per unit. Fixed costs will increase from the current level of $160,000 to $225,000. Prepare an analysis showing whether Jensen should process the assemblies further.
Use a negative sign with answer to only indicate a loss from processing assemblies further; otherwise do not use negative signs with your answers.
Sell of Process Further Differential Analysis
Differential revenue
Differential costs
Direct material
Direct labor
Variable overhead
Fixed costs
Additional income (loss) from processing further $

Answers

Question Completion:

Jensen Manufacturing Company makes a partially completed assembly unit that it sells for $36 per unit. Normally, 42,000 units are sold each year. Variable unit cost data on the assembly are as follows:

Direct material                                     $10

Direct labor                                             8

Variable manufacturing overhead 4

Answer:

Jensen Manufacturing Company

Sell or Process Further Differential Analysis

Differential revenue                                                  $630,000

Differential costs

Direct material                                                              -84,000

Direct labor                                                                   -84,000

Variable overhead                                                       -42,000

Fixed costs                                                                  -65,000

Additional income (loss) from processing further $355,000

Explanation:

a) Data and Calculations:

                                       Sell     Process Further     Difference

Sales price per unit       $36             $51                       $15

Costs:

Direct material               $10                12                          2

Direct labor                       8                 10                          2

Variable manufacturing

 overhead                        4                   5                          1

Fixed costs         $160,000    $225,000             $65,000

Normal annual production and sales = 42,000 units

Differential revenue = $630,000 ($15 * 42,000)

Differential costs:

Differential direct material cost = $84,000 ($2 * 42,000)

Differential direct labor cost = $84,000 ($2 * 42,000)

Differential overhead cost = $42,000 ($1 * 42,000)

Differential fixed cost = $65,000 ($225,000 - $160,000)

Total differential costs = $275,000

b) Jensen Manufacturing should process the assembly units further as it will gain additional $355,000 income by so doing.

how can gdp per capita and poverty rates indicate standards of living in each system?​​

Answers

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Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 18% of small companies provide training. A company is randomly selected without knowing if it is a large or small company; however, it is determined that the company provides training to employees.
What are the prior probabilities that the company is a large company or a small company? (Round the answers to 2 decimal place.)
p(small) =
p(large) =
What are the revised probabilities that the company is large or small? (Round your answers to 4 decimal places.) p(small) =
p(large) =
Based on your analysis, what is the overall percentage of companies that offer training? (Round your answer to 1 decimal place.)
Percentage = %

Answers

Answer:

a) p(small) = 0.126

 p(large) = 0.246

b) p(small) = 0.6613

 p(large) =  0.3387

c) 37.2%

Explanation:

A) determine that the company picked is a large company or small company

condition : the company provides training to its employees

Given data:

p( small ) = 0.7,  p( large ) = 0.3,  p( training ∩ small ) = 0.18,  p( training ∩ large ) = 0.82 ,  p( No-training ∩ small ) = 0.82 ,  p( no-training ∩ large ) = 0.18

A) hence the probability of picking a small company that provides training

P( small | training ) =  P(Training ∩ Small)* P(Small) = 0.18 * 0.7 = 0.126

Probability of picking a large company that provides training

P( large | training ) = P(training ∩ Large) *P(Large) = 0.82 * 0.3 = 0.246

B) Determine the revised probabilities that company picked is large or small

Revised probability  for a large company; P( large | training  )

P(Large | training) = P(Large ∩ training) / P(training)

                              = 0.246 / ( 0.126 + 0.246 ) = 0.6613

P( small | training ) = P( small ∩ training ) / P(training )

                               = 0.126 / ( 0.126 + 0.246 ) = 0.3387

C) Overall percentage of companies that offer training

p( training ) = 0.126 + 0.246  = 0.372 = 37.2%

Fran is a CPA who has a small tax practice in addition to working as the controller for a local manufacturing business. Fran runs her tax practice out of a 150-square foot office in her home where she meets clients and works on their tax returns and researches their tax issues. She meets the exclusive use test for this space. The gross income from her tax practice amounts to $7,500 for the year. Business expenses amount to $1,000. Based on square footage, $4,000 of Fran's mortgage interest and real estate taxes are allocable to the home office. The allocable portion of maintenance, utilities, and depreciation is $4,500. Assuming no other expenses related to the business were incurred, what amount of the maintenance, utilities, and depreciation is deductible by Fran

Answers

Answer:

$ 2,500

Explanation:

It is given that Franc is a certified public accountant(CPA) who is doing small tax practice in addition to the working as a controller of a local manufacturing business. The data provided in the question for his expenses includes maintenance, utilities and depreciation are of level 3 expenses that are limited to a taxable income remaining after allowing the direct business expenses and the mortgage and the real estate taxes.

Therefore, the income limit is  = $ 7,500 - $ 1,000 - $ 4,000

                                                  = $ 2,500

Thus the allowance is limited to value of $ 2,500.

What time of the year does tax day always occur in the US

Answers

Answer:

Around April 15th!

Explanation:

Every year except this year has been April 15th! But since CO VID- 19 hit the IRS pushed it back until May 17th! Hope this helps! Plz mark as brainliest!

Answer:

the date is usually on or around April 15

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $24 per share. February 6 Issues 1,900 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $29 per share. December 15 Resells 6,000 shares of treasury stock at $34 per share. In its first year of operations, Finishing Touches has net income of $149,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,330 on all preferred shares
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

Total Stockholders' Equity = $2,334,370

Explanation:

Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.

In the attached excel file, the retained earnings is calculated as follows:

Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670

From the attached excel file, we have:

Total Stockholders' Equity = $2,334,370

Deindustrialization affects the economic landscape of countries. Describe the change in the dominant economic sector during industrialization and during deindustrialization. Explain ONE spatial change in manufacturing employment patterns as a result of deindustrialization. Explain ONE likely outcome of deindustrialization in a region of manufacturing communities. Comparing the development of steel and the invention of the computer chip, explain how technological development drove economic change in both the Industrial Revolution and the transition to a service-based economy. Describe the significance of a growth pole in an urban or regional economy. Explain how post-Fordist methods of production have transformed operations at individual factories. Explain the degree to which least-cost theory predicts the local site-selection factors for the location of multinational service industry corporate offices.

Answers

Answer:

a. One spatial change in manufacturing employment patterns as a result of deindustrialization is production shift.

b. Companies may move their industrial activities and manufacturing jobs to areas with a lower cost of labor.

c. Some natural places could be deemed unfit for humans.

d. Facilitating the construction of railroads, bridges, tall buildings, larger ships, and other infrastructure, Powering service-sector industries such as information technology, financial services, retail, and education, all of which depend on the processing power and connectivity brought about by the computer chip.

e. A growth pole is significant to an urban economy as it will attract supporting businesses such as retail establishments, restaurants, and other service industries to the city or urban area on a local scale.  

f. Post-fordism methods of production have transformed operation at individual factories by instead of workers working only one task all day and not being able to perform other tasks in the factory the workerscould now work multiple tasks and were not concealed to one specific area of work, this also made the workers more appealing to other factories and made it to where they could work other positions for more money and could not be so easily concealed for one spot.

Explanation:

A+

The aspects of deindustrialization lead to the economic effects that made changes in the dominant economic sectors.

What is de-industrialization ?

The de-industrialization is social and the economic changes that were created due to the removal of the industrial capacity of activity.

The spatial changes in manufacturing employment patterns were a result of the process. The companies may move their industrial activities and manufacturing jobs towards a lower cost of labor. There are some natural places that would be unfit for humans. The construction of the railroads, bridges, the tall buildings, larger ships, etc.,

The growth pole of urban economy as it will attract supporting the businesses such as the retail establishments, restaurants, and other service industries to the city or urban area on a local scale.  The post-Fordism methods gave made changes in the  operation of individual factories.

Find out more information about deindustrialization.

brainly.com/question/22831866.

Research question
Technology ,good or bad has a major impact on the way we do things Explain how technology influences the way we make decisions and do business in the logistics and supply chain arena​

Answers

Answer:

Technology makes work more agile, safer and facilitates the organizational decision-making process.

Explanation:

Technology is essential in the area of logistics and supply chain in a competitive and globalized business environment, due to the fact that technology enables greater reliability in the processes and an aid in the organizational decision-making process.

Supply chain management with the use of technological systems becomes much more effective, due to the amount of data that such systems are able to store, in the speed of processes, in the monitoring of transport, in increasing the security and reliability of information, and other solutions that make work faster, safer, with less waste and improvement of continuous improvement.

Sampson Company's accounting records show the following for the year ending on December 31, 2022. Purchase Discounts $ 11200 Freight-in 15600 Purchases 700020 Beginning Inventory 47000 Ending Inventory 57600 Purchase Returns and Allowances 12800 Using the periodic system, the cost of goods purchased is $660420. $717220. $708420. $691620.

Answers

Answer: $691620

Explanation:

Using the periodic system, the cost of goods purchased will be:

Purchases = 700020

Add: Freights = 15600

Less: Purchase discount = 11200

Less: Purchase return = 12800

Cost of goods purchased = 691620

Question 8
The economic theory of scarcity states that because resources are limited, people have to do which of the following?
А
make choices
B
borrow money
С
share with others
D
pay taxes

Answers

Answer:

A

Explanation:

people have to make choice due to limited (opportunity cost)

The economic theory of scarcity states that because resources are limited, people have to make choice. Option (a) is correct.

What do you mean by Scarcity?

One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.

An economic theory that describes the price link between dynamic supply and demand is the scarcity principle. The scarcity principle states that when an item has a low supply and a high demand, its price rises to accommodate the anticipated demand.

Economic scarcity is primarily caused by structural, supply- and demand-induced factors. Demand-induced refers to situations where demand increases despite a stable supply.

Therefore, Option (a) is correct. The economic theory of scarcity states that because resources are limited, people have to make choice.

Learn more about Scarcity, here;

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The calculation of WACC involves calculating the weighted average of the required rates of return on debt, preferred stock, and common equity, where the weights equal the percentage of each type of financing in the firm’s overall capital structure. is the symbol that represents the before-tax cost of debt in the weighted average cost of capital (WACC) equation. Mitchell Co. has $2.3 million of debt, $2.5 million of preferred stock, and $1.8 million of common equity. What would be its weight on preferred stock?

Answers

Answer:

37.88 %

Explanation:

The weight on preferred stock mean, what percentage out of the Total Market Value of the Sources of Capital pooled together is taken by Preferred Stock.

Weight on preferred stock = Market Value of Preferred Stock / Total Market Value of Sources of Capital x 100

where,

Market Value of Preferred Stock = $2.5 million

and

Total Market Value of Sources of Capital :

Debt                            $2.3 million

Preferred Stock         $2.5 million

Common Equity          $1.8 million

Total                            $6.6 million

therefore,

Weight on preferred stock = $2.5 million / $6.6 million x 100 = 37.88 %

Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning house, she came across the second will. She mistakenly thought that it was the first will and tore it up because the first will had been revoked. Iona died shortly thereafter.The beneficiaries named in the second will claimed that the second will should be probated.The beneficiaries named in the first will claimed that the second will had been revoked when it was torn up. Had the second will been revoked?

Answers

Answer and Explanation:

In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will

In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated

So the second will would be upheld because of testamentary motive.

Big Ideas: The following Big Ideas are intended to provide clear focus and purpose to the lessons. Read each statement and think about how what you have learned will affect your current and future decisions.
1. Personal finance is 80% behavior and 20% head knowledge.
2. Many Americans are buried in debt.
3. Learn the language of money!

Answers

Answer:

Overall, each idea provides the notion that you need to learn about financial education and how financial security will impact a person's present and future life.

Explanation:

1- Personal finances correspond to 80% of behavior and 20% of head knowledge, due to the fact that it is important to learn about financial education in theory, but it is the set of balanced actions on how to deal with money that will impact fact about your financial life. That is, how you deal with the money you have is what it dictates if you have financial intelligence.

2- Many Americans are buried in debt many times for not seeking specific knowledge about finance, or for having the knowledge but not applying it. It is necessary for society to be aware of the importance of knowing how to manage your money, how to make investments, how to consume healthily and how to deal with your money in an advantageous way.

It is also necessary that there is more information available on financial education in social institutions and that this concept be more widely disseminated and discussed in society.

3- Learning the language of money means knowing how to manage your money. People often make harmful financial decisions without being aware of the impact that such decisions will have on their present and future. Knowing how much you earn, how much you spend and how much you save, is essential to keeping your finances balanced.

People can start by creating monthly spreadsheets to control their spending, there are several ways to know where your money is going and if it matches your life goals.

There is also a lot of information available on the internet about investments, how to invest in the short and long term and how to make money effectively.

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