The quarterly purchases budget for Hats and Scarves for the forthcoming year for The ManU Hotel is as follows:
Quarterly Purchases Budget:Quarter 1 Quarter 2 Quarter 3 Quarter 4
H S H S H S H S
Sales 1,200 600 800 400 600 300 1,400 700
Ending inventory 160 120 120 90 280 210 300 225
Units available 1,360 720 920 490 880 510 1,700 925
Beginning inventory 240 180 160 120 120 90 280 210
Purchases 1,120 540 760 370 760 420 1,420 715
How are the purchase units determined?Each quarter's purchase units are the difference between the expected available units for sale and the beginning inventory of the quarter.
We can use the following purchases or production formula: purchases = Sales units + Desired ending inventory - Beginning inventory.
The ending inventory is the product of the next quarter's sales units and the percentage expected to be kept in stock, as indicated in the data.
The last quarter's ending inventory considers the sales units for the first quarter of the following year, which are computed as follows.
Hat Scarves
Sales units for Q 1 1,200 600
Sales for Quarter 5 1,500 750
(1,200 x 1.25) (600 x 1.25)
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Question 26
You purchase 50 shares of stock for $50 each. You receive dividends each year for
years of $2 per share. After 5 years, you sell the stock for $52.50 per share. What is
your return on investment in dollars?
Your return on investment in dollars, based on the amount of dividends received, and the selling price per share, is $625
How to find the return on investment?Your return on investment in dollar terms can be found by the formula:
= Dividends received + Capital gains
The Dividends received per year from each share was:
= Number of shares x Dividends per share per year
= 50 shares x 2 per share
= $100
The Dividends received in five years of holding the shares are:
= Number of years x Dividends received in total per year
= 5 x 100
= $500
The capital gains per share are:
= Selling price per share - Buying price per share
= 52.50 - 50
= $2.50
The capital gains on all the shares is:
= Capital gain per share x Number of shares
= 2.50 x 50
= $125
The total return on investment in dollars is:
= 500 + 125
= $625
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Why are companies required to perform payroll withholding?
A. To make sure employees are being paid fairly
B.
To make sure employees can pay their taxes
C. To help employees save for retirement
D. To help the company pay its share of taxes
Companies are required to perform payroll withholding to make sure employees can pay their taxes.
What is a payroll?A payroll is a list of the employees of a company who are eligible for payments as well as other work benefits, together with the amounts that should be paid to them. Payroll can refer to a company's records of payments made to employees in the past, such as salaries and wages, bonuses, and taxes withheld, or it can refer to the department within the company that deals with compensation, in addition to the amounts that each employee should receive for time worked or tasks completed. A business has the option of managing every step of the payroll process internally or outsourcing certain steps to a payroll processing firm. Employee exemptions, record-keeping standards, and tax laws are among the federal, state, and local restrictions that apply to payroll in the United States.
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Which is NOT an Internal Analysisa) Strengthsb) Weaknessesc) Threatsd) Resources
How can profits (net income) increase while revenue (sales) remains the same?
Answer: operating expenses are elevated for the quarter
Explanation: The net income of a company is the result of a number of calculations, beginning with revenue and encompassing all expenses and income streams for a given period. The sum of income less all expenses is the net income. This includes expenses for the manufacture of products, operating expenses, interest paid on loans or accrued from investments, additional income streams from subsidiary holdings or the sale of assets, depreciation and amortization of assets, taxes, and even one-time payments for unusual events. Net income, also called net profit or net earnings, is a concrete concept. The figure that most comprehensively reflects a business's profitability—and used in publicly traded companies to calculate their earnings per share (EPS)—represents the renowned bottom line of an income statement.
Assume a company reported the following results:
Sales $ 400,000
Variable expenses 260,000
Contribution margin 140,000
Fixed expenses 40,000
Net operating income $ 100,000
Average operating assets $ 775,000
The return on investment (ROI) is closest to:
The return on investment (ROI) is closest to Residual income = $ 4000
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
Margin = 25%
Turnover = 0.67 times
ROI = 16.67%
Residual income = $ 4000
Therefore, The return on investment (ROI) is closest to Residual income = $ 4000
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If the sinks are filled and unused what is the first step of proper dish rotation procedures
Is the first stage in good dish rotations practices cleaning, scrapping, or soaking objects if the sinks are full and unused.
What is dish?
The phrase dish refers to a specific tool. this tool, as well as the culinary variety. There was the fully prepared food waiting for service. The dishes are all the objects that have been used to cook, serve, and consume a meal.
There were filthy dishes in the sink. He'd cooked a meal and done the washing. The first stage was to justify the underused sink, and the way was to depict the cleaning, scraping, or soak goods.
As a result, the first stage in good dish rotations practices cleaning, scrapping, or soaking objects if the sinks are full and unused.
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QUESTION 16
Which of the following statements is true about target marketing?
O a. is no longer used by most companies today
O b. it is not an efficient marketing strategy to attract customers
O c. it allows you to focus on those people most likely to buy your company's products
O d. follows the same strategies used for mass marketing
The true statements about the target marketing is that it allows you to focus on those people most likely to buy your company's products
What is a target marketing?In marketing, a target market refers to the group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service. It is also a marketing strategy that breaks a market into segments and then concentrates your marketing efforts on one or a few key segments consisting of the customers whose needs and desires most closely match your product or service offerings.
The purpose of a Target Market is that once a target market is identified, it can influence a product's design, packaging, price, promotion and distribution.
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QUESTION 1
Give ONE word or a term for each of the following descriptions. Write only the word or
term next to the question number (1.1-1.10) on the attached ANSWER SHEET
The costs incurred prior to opening doors and making sales to provide a cash
flow
The most common instrument for collecting primary data
Is appointed by the owner of an existing business enterprise to manage the
business
Have a higher than normal price to create an image of exclusivity.
Establishing the size or number of customers in an area
Products purchased only after customers have comparad a variety of similar
and competitive products
A distinguished product from similar competitive products
The idea being to gain quick acceptance and extensive distribution in the
market
That something that your business should have to make it unique, and which
your competitors do not have
The point at which the total expenditure of a business is equal to the total
income
Answer:
Explanation:
They have a higher than normal price to create an image of exclusivity
Pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
Data from the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey are obtained by asking respondents questions about their spending, earnings, and personal characteristics.
What is the interview?An interview is an organized dialogue in which one person asks questions and the other responds. The term “interview” is commonly used to refer to a one-on-one talk between an interviewer and an interviewee. Individual and group interviews are the two forms of interviews. Interviews with individuals:
Respondents are questioned to collect data for the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey. On a straightforward one-screen form, select the BLS databases' data that you require. a form-based query tool that gives you access to BLS time series data based on your selections.
Therefore, Data from the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey are obtained by asking respondents
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Scenario 2: What's Your Style?
During his first week on the job, John was eager to learn everything and to know everyone in
his department. He gave his opinion freely in discussions. He worked overtime and did
excellent work. Everyone seemed to like him. One man who had been with the company for a long
time said, "You can't help but like John, but you can tell that he'd leave this department in a second
if it meant getting closer to the top."
Erica started work on the same day as John. Unlike John, however, Erica kept more to herself. She
concentrated on her job and stayed in her area. She made an effort to learn from others and
listened to others in order to understand situations before jumping in with suggestions. One of her
co-workers said, "Erica is a really nice gal. I think she's going to make a strong employee. I like her."
Question: What do you think the future will be like for John? For Erica?
John was eager to learn everything and to know everyone in his department. He gave his opinion freely in discussions. He worked overtime and did excellent work, according to his strategy at work. John was enhanced his experience and skills to get promotion. He used to give opinion feely to get company's profit and he did his honest regarding meeting discussion honestly but without acquire required knowledge before suggesting his decision. He seemed like not strong employee in the future. That's, John strategy at work to do the work.
While, Erica kept more to herself. She concentrated on her job and stayed in her area. She made an effort to learn from others and listened to others in order to understand situations before jumping in with suggestions. Erica tired to get lesson from other, less mistake at her work, enhanced required skills to make her work effective according to her strategy at work planning. She was dedicated and not overwhelmed she would be became strong employee with the time. That's, Erica strategy at work to do the work.
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A well-known t-shirt is produced in another country. Who should benefit from its profits?
The person who should benefit from the profits of the well-known t-shirt are both the company that produces it and the sellers in the country.
Who should benefit from sales profit?The primary people who should benefit from the sale of a good or service are those who produce it. It does not matter if those people are in another country, but their efforts in production should be rewarded.
When a product such as a well-known t-shirt is produced in another country and then sold locally, those who sell the shirts locally should also benefit from the profit for their hard work in selling the shirts.
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Question 14
Explain the fiscal policy actions used to stabilize the
economy in times of inflation. What is this type of fiscal
policy called?
Contractionary fiscal policy, is the fiscal policy which actions used to stabilize the economy in times of inflation .
What is meant by Fiscal policy ?
The use of taxation and expenditure by the government to affect the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and to lower poverty. During the recent global economic crisis, when governments intervened to stabilize financial institutions, spur development, and lessen the impact of the crisis on vulnerable individuals, the function and goals of fiscal policy rose to prominence.
Monetary policy and fiscal policy are the two major instruments available to policymakers when they want to affect the economy. The money supply is influenced by changes in interest rates, bank reserve requirements, the buying and selling of government securities, and foreign exchange, all of which are indirectly targeted by central banks. Governments affect the economy via altering tax rates and kinds, spending amounts and types, and borrowing amounts and types.
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Suppose that the mean daily viewing time of television is 8.35 hours. Use a normal probability distribution with a standard deviation of 2.5 hours to answer the following questions about daily television viewing per household
(a) What is the probability that a household views television between 3 and 12 hours a day? (Round your answer to four decimal places.)
(b) How many hours of television viewing must a household have in order to be in the top 3% of all television viewing households? (Round your answer to two decimal places.)
hrs
(c) What is the probability that a household views television more than 5 hours a day? (Round your answer to four decimal places.)
a. The probability of viewing television between 3 and 12 hours is 0.9117
b. The number of hours that the household watches television is 13.05 hours.
c. The probability that a household views television more than 5 hours a day is 0.9099
How to solve for the probabilityGiven that ,
mean = u = 8.35
standard deviation = σ = 2.5
a) P(3 < x < 12) = P[(3 - 8.35)/ 2.5) < (x) < (12 - 8.35) / 2.5) ]
= P(- 2.14 < z < 1.46)
= P(z < 1.46) - P(z < -2.14)
we have to use the z table to solve this further
0.9279 - (1 - 0.9838)
= 0.9279 - 0.0162
= 0.9117
The probability that a household would have to view the television between 3 and 12 hours everyday is 0.9117
2. The probability given = 3% = 0.03
1 - 0.03 = 0.97
P(Z < 1.88 ) = 0.97
z = 1.88
we have to use the z score formula
= z * u + sd
= 1.88 x 2.5 + 8.35
= 13.05 hours.
The number of television hours that a family would need to have in order to be in the top 3% would be 13.05 hours.
c. the probability that a family views television more than 5 hours a day
P(x > 5 ) = 1 - p( x< 5)
1 - p(5 - 8.35) / 2.5
= 1- P(z < -1.34)
= 1 - 0.0901
= 0.9099
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Which of the five common reasons why new businesses fail did Morgan mention as a significant hurdle for Acre Landscaping that Craig and Amy haven't solutioned?
Multiple Choice
difficulty hiring and keeping good employees
government paperwork
inadequate management skills
aggressive competition
lack of financial support
Option C. One of the five common reasons why new businesses fail as mentioned by Morgan is: inadequate management skills.
What is a management skill?Business management skills are qualities a person in charge of a business utilizes to assist the business and its employees in achieving goals and growing. These skills are typically learned through employment-related experience or academic study. Knowing about business management skills will help you hone your current set of abilities and perhaps pick up some fresh ones that will improve your management career.
Time is a valuable resource to a firm, and as a manager, you assist make sure workers fulfill deadlines and that teams do the most crucial tasks first. Business managers can decide which activities are more important and who to give work to by using planning and prioritization techniques. Managers know how to make the most of their staff to meet deadlines and maintain quality.
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84. In FIFO method of inventory valuation?
a)Closing stock is at latest price
b)Issue of stocks to production is at earliest price
c)Both (a) & (b)
d)Neither (a) nor (b)
In FIFO method of inventory valuation, Issue of stocks to production is at earliest price.
What is FIFO method of inventory valuation?First in, first out (FIFO) is an easy-to-understand inventory valuation method that implies commodities acquired or manufactured first are sold first. In theory, this means that the oldest inventory is supplied to clients first, followed by fresher inventory.What comes in first must go out first, according to the FIFO approach. For example, if a batch of 1,000 things is created in the first week of a month and another batch of 1,000 items is made in the second week, the batch produced first is sold first. The FIFO approach is designed to avoid inventory obsolescence.To learn more about FIFO refer,
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Which utilities are included in the cost of the monthly rent payments? *
The utilities that are included in the cost of the monthly rent payments are utilities for properties such as:
garbage, cable, water and sewer, and security. What are utilities?Utilities are the primary services one's house, apartment, or enterprise needs to keep it comfortable and running properly. General utilities include water, sewer, electric, gas, trash, and recycling. Technological utilities such as cable, internet, security, and phone services can also be termed utilities.
Therefore, the correct answers are as given above
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Q1. The goal of the firm is to create value for the company's owners. This is often defined as maximizing shareholder’s wealth. However, is this definition too narrow and overly focused on the short term? Could such a short-term focus create long-term problems for the company? Explain by providing some examples. Do you think this is a problem in UAE?
The policy of wealth maximization serves as an operating management policy. It supports the interests of loan providers, employees, management, and society.
Aside from stockholders, there are short-term and long-term fund suppliers with a financial interest in the company. Short-term lenders are generally interested in liquidity levels in order to get timely payments. Long-term lenders receive a predetermined rate of interest from earnings and have priority over shareholders in exchange for their cash.
As a result, wealth maximization indicates the firm's long-term existence and expansion. According to the aforementioned facts, the firm's purpose is to produce value for the company's shareholders. This is frequently defined as increasing shareholder wealth.
UAE is a visionary country; their goals are not short-term; they think in such a way that their next decade will be magnificent, and they keep modifying things as and when necessary; they have a long-term vision, therefore this would not be a problem for UAE, in my opinion.
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Which of the following statements would be
associated with the concepts of Capitalism?
A. Business owners have their own self interests in how their
company will make money.
B. Prices need to be fixed at a certain point because buyers and
sellers never come to an agreement.
C. The government should own all businesses to benefit the majority.
D. The government should control how private property will be
utilized for business.
A. Business owners have their own self interests in how their company will make money is associated with the concepts of capitalism.
What is capitalism?
A system of capitalism is an economy in which the means of production are privately owned and run for profit. Capital accumulation, competitive markets, the pricing system, private property, acknowledgment of property rights, voluntary trade, and wage labour are key aspects of capitalism. In a market economy, owners of wealth, property, or the capacity to move capital or the ability to produce are the ones who decide on investments and decisions, whereas the competition in the markets for goods and services is largely responsible for setting prices and determining how things are distributed.
In their assessments of capitalism, economists, historians, political economists, and sociologists have embraced numerous viewpoints and identified many kinds of it in daily life. These include state capitalism, welfare capitalism, anarcho-capitalism, and laissez-faire or free-market capitalism. Different versions of capitalism include varied levels of public ownership, open markets, barriers to uninhibited competition, and state-approved social policies. Varied forms of capitalism have different levels of market competition, the importance of intervention and regulation, and the extent of state ownership.
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Which of the following statements would be
associated with the concepts of Capitalism?
A. Business owners have their own self interests in how their
company will make money.
B. Prices need to be fixed at a certain point because buyers and
sellers never come to an agreement.
C. The government should own all businesses to benefit the majority.
D. The government should control how private property will be
utilized for business.