Mariana's Taqueria's provision of tacos is a classic example of a business transaction where the exchange of goods and services is made for money.
However, beyond this basic concept, the heart of all business lies in the relationship between the business and its customers. Mariana's Taqueria is not only offering tacos but also providing an experience that customers seek. The time, labor, and money invested in the production of the tacos are geared towards creating a product that meets the needs of customers.
The relationship between Mariana's Taqueria and its customers goes beyond just selling tacos, but rather it is about creating a positive experience that builds customer loyalty. This relationship is important in creating a strong brand image and attracting new customers. The satisfaction of customers is vital to the success of the business, as happy customers are more likely to return and recommend the business to others.
Therefore, Mariana's Taqueria's engagement in the relationship with its customers is a critical aspect of the business. It is through this relationship that the business can thrive and grow, by providing high-quality products and excellent customer service that meets the needs of its customers.
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According to employer surveys, one of the primary challenges of Generation Y employees is their ________.A) inability to use information technology B) inadequate multi-tasking skills C) inability to balance work and familyD) need for constant praise and recognition
According to employer surveys, one of the primary challenges of Generation Y employees is their need for constant praise and recognition.
This is often attributed to their upbringing, where they were frequently rewarded for even small achievements.
As a result, they expect similar levels of recognition in their professional lives, which can be seen as a challenge for employers who may not have the time or resources to provide constant feedback.
While this need for recognition can be perceived as a negative trait, it can also be a positive motivator for Generation Y employees.
Employers who provide regular feedback and recognition for good performance may find that their Gen Y employees are more engaged, motivated, and productive in the workplace.
Additionally, offering opportunities for growth and development can also help satisfy this need for recognition and keep Gen Y employees motivated and invested in their work.
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During the year, ABC purchased $7,480,000 of goods from its suppliers on credit. ABC paid its suppliers $7,409,000 and at the end of the year the firm's Accounts Payable balance owed was $125,000. What was the firm's Accounts Payable balance at the beginning of the year? $54.000 $57,000 $62,000 $50.000 1 pts Question 11 Which one of the following is an example of physical capital? Delivery truck Copyright Common stock Bonds 1 pts Question 12 At the beginning of the year, ABC's Accounts Payable balance was $75,000. During the year ABC paid its suppliers $9,710,000 and at the end of the year the firm's Accounts Payable balance owed was $165,000. How much did ABC purchase on credit over the course of the year? 59,800,000 59.797.000 $9.792.000 59.796,000
10. The firm's Accounts Payable balance at the beginning of the year was $54,000. Therefore, the correct option is option 1.
11. An example of physical capital is Delivery truck. Therefore, the correct option is option 1.
12. ABC purchase on credit over the course of the year is $9.792.000. Therefore, the correct option is option 3.
10. To find the firm's Accounts Payable balance at the beginning of the year, you can use the following equation:
Beginning Accounts Payable + Purchases on Credit - Payments to Suppliers = Ending Accounts Payable
Let's plug in the given values:
Beginning Accounts Payable + $7,480,000 - $7,409,000 = $125,000
Now, solve for the Beginning Accounts Payable:
Beginning Accounts Payable = $125,000 - $7,480,000 + $7,409,000
Beginning Accounts Payable = $54,000
So, the firm's Accounts Payable balance was option 1: $54,000.
11. A delivery truck is an example of physical capital. Physical capital refers to the tangible assets, such as machinery, tools, buildings, and vehicles, that are used in the production process to create goods and services. The delivery truck is a physical asset that is used to transport goods and materials from one place to another, and it is an essential part of the production process for many businesses.
Copyright, common stock, and bonds are not physical assets and therefore are not examples of physical capital. Hence, delivery truck is a physical capital which corresponds to option 1.
12. Using the same equation as in Question 10:
Beginning Accounts Payable + Purchases on Credit - Payments to Suppliers = Ending Accounts Payable
$75,000 + Purchases on Credit - $9,710,000 = $165,000
Solve for Purchases on Credit:
Purchases on Credit = $165,000 - $75,000 + $9,710,000
Purchases on Credit = $9,800,000
So, ABC purchased $9,800,000 on credit over the course of the year which is closest to option 3: $9.792.000.
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in fortune's annual list of the 500 biggest companies in the world, 156 firms were from emerging markets in 2015 compared to 18 in 1995, owing to
Fortune's annual list of the 500 biggest companies in the world is a highly anticipated report that provides insight into the global economy. In 2015, this list revealed an interesting trend - 156 companies from emerging markets made the cut, compared to only 18 in 1995. This significant increase in the number of companies from emerging markets is owing to several factors, including the rapid economic growth of countries such as China, India, and Brazil.
As these countries continue to develop and modernize their economies, more and more companies are able to compete on a global scale. Additionally, advancements in technology and communication have made it easier for businesses in emerging markets to reach customers and investors around the world. It is worth noting that the rise of companies from emerging markets is not without its challenges, including political instability and currency fluctuations. However, overall, the growth of these companies represents a shift in the global economic landscape and highlights the increasing importance of emerging markets in the world economy. In summary, the Fortune annual list showcases the evolution of the world's biggest companies, and the rise of emerging markets is a significant trend that is likely to continue in the years to come.
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Consider an extended IS-LM model in which investment depends on the 'borrowing rate' i - + x, where i is the nominal policy interest rate, ne is the expected inflation rate and x the risk premium on corporate bonds. Let Y C T = = = C+I+G co+=(Y – T) 110 bo - 1000(i – Te + x) 125 0.03 0.05 0.01 G į = = = = Te (a) Suppose that co = 50, bo = 150. Find the equilibrium solution for output, consumption and investment.
(b) A natural disaster hits the economy. The level of potential output declines, and the natural disaster also affects consumer confidence and firms' animal spirits: autonomous consumption and investment fall to the values co = 40 and bo = 130.
i. Calculate the new equilibrium solution for output and explain the economic intuition behind the change in output. ii. Some groups of people have been hit hard by the natural dis- aster. Suppose that disaster relief to these groups has reduced taxes net of transfers to T = 90 and raised government con- sumption to G = 135. Taking into account these changes to government consumption and taxes, what are the equilibrium values of output, consumption and investment? iii. Would you recommend any additional economic policy interven- tion if policy makers want to make output equal to the new level of potential output? Consider two cases: in case one the new level of potential output is Yn = 390; in case two it is Yn = 370. Explain your answer and - if you recommend additional inter- vention - describe the policies that you would suggest and their implications for consumption and investment in each of the two cases. iv. Arguably the natural disaster will also affect the risk premium 2. Briefly discuss how the risk premium might be affected and describe the implications for the short run equilibrium value of output. (c) Discuss the relevance of the analysis under (b) to the policy issues posed by COVID-19.
The equilibrium solution for output, consumption, and investment when co = 50 and bo = 150 is: Y = 320 - 1000i + G; C = Y - I - G; I = 110 - 1000(i - Te + x).
Given the extended IS-LM model, where [tex]Y = C + I + G[/tex] and investment depends on the borrowing rate, [tex]i + x[/tex], the equilibrium values for output (Y), consumption (C), and investment (I) can be found by setting savings equal to investment, and solving for Y, C, and I.
The savings function is given by:
[tex]S = Y - C - T = bo - 1000(i - Te + x)[/tex]
Since investment depends on i + x, we can write:
[tex]I = 110 - 1000(i - Te + x)[/tex]
Using the government budget constraint, G = T - net transfers, we get:
[tex]Y = C + I + G[/tex]
[tex]Y = C + 110 - 1000(i - Te + x) + G[/tex]
Substituting S into the Y equation gives:
[tex]Y = bo + S + G[/tex]
[tex]Y = bo + [bo - 1000(i - Te + x)] + G[/tex]
[tex]Y = 2bo - 1000i + 1000Te - 1000x + G[/tex]
Plugging in the values [tex]co = 50[/tex], [tex]bo = 150[/tex], [tex]Te = 0.03[/tex], and [tex]x = 0.01[/tex], we get:
[tex]Y = 2(150) - 1000i + 1000(0.03) - 1000(0.01) + G[/tex]
[tex]Y = 300 - 1000i + 30 - 10 + G[/tex]
[tex]Y = 320 - 1000i + G[/tex]
Therefore, the equilibrium solution for output, consumption, and investment when co = 50 and bo = 150 is:
[tex]Y = 320 - 1000i + G[/tex]
[tex]C = Y - I - G[/tex]
[tex]I = 110 - 1000(i - Te + x)[/tex]
In the event of a natural disaster, the level of potential output declines, and autonomous consumption and investment fall to the values co = 40 and bo = 130. This means that the equilibrium level of output will also decline.
Plugging in the new values of co = 40, bo = 130, and Te = 0.03, and x = 0.01 into the equilibrium equation for Y gives:
[tex]Y = 2(130) - 1000i + 1000(0.03) - 1000(0.01) + G[/tex]
[tex]Y = 260 - 1000i + 30 - 10 + G[/tex]
[tex]Y = 280 - 1000i + G[/tex]
Therefore, the new equilibrium solution for output is [tex]Y = 280 - 1000i + G[/tex].
The economic intuition behind the change in output is that the natural disaster has reduced the capacity of the economy to produce goods and services, which reduces potential output. This, in turn, leads to a decline in autonomous consumption and investment, which lowers the equilibrium level of output.
Suppose that disaster relief to the affected groups reduces taxes net of transfers to T = 90 and raises government consumption to G = 135. This means that the government budget constraint has changed to G = T - net transfers + 45.
Plugging in the new values of T = 90 and G = 135 into the equilibrium equation for Y gives:
[tex]Y = 2(130) - 1000i + 1000(0.03) - 1000(0.01) + 135[/tex]
[tex]Y = 260 - 1000i + 30 - 10 + 135[/tex]
[tex]Y = 415 - 1000i[/tex]
Therefore, the new equilibrium solution for output is Y = 415 - 1000i.
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an antiques buyer may know more about the value of items than the seller at an estate sale. this is an example of: please choose the correct answer from the following choices, and then select the submit answer button. answer choices an external benefit. an external cost. producer surplus. asymmetric information.
Asymmetric information is a situation where one party in a transaction has more information than the other party, leading to an unequal distribution of knowledge. The correct answer is option d.
In this example, the antiques buyer has more knowledge about the value of the items than the seller at the estate sale, which creates an information asymmetry. The buyer is aware of the true value of the items, while the seller may not have this knowledge.
Asymmetric information can result in market failure, where the allocation of goods and services in a market is inefficient. In this case, the antiques buyer may be able to purchase the items at a lower price than their true value, leading to a loss for the seller.
Overall, this example illustrates how information asymmetry can lead to a disadvantage for one party in a transaction and highlights the importance of transparency and disclosure in markets.
The correct answer is option d.
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3. Explain whether the promise to perform a preexisting duty is valid consideration to support a present (in other words, new) contract, and explain whether past consideration can constitute sufficien
The promise to perform a preexisting duty is generally not considered valid consideration to support a present contract because the party making the promise is already obligated to perform the duty.
However, there are some exceptions to this rule, such as when there is a new or different consideration offered in exchange for the promise to perform the preexisting duty.
As for past consideration, it generally cannot constitute sufficient consideration for a present contract because it was given in the past and does not involve any exchange of value in the present. However, there are some exceptions to this rule as well, such as when the parties had a previous agreement that was not enforceable and the new contract is entered into as a substitute for the previous agreement.
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Can you please explain the concept(s) related to each requirement and why in requirement "b" the "Completed and Transferred units" is 227,000, i.e. why is 215,000 from requirement "a" is considered? Sodius Chemical Inc. placed 220,000 liters of direct materials into the mixing process. At the end of the month, 5,000 liters were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in mixing at the beginning of the process and conversion costs occur evenly during the process. Sodius uses weighted-average costing.
Required:
a. Determine the equivalent units inprocess for direct materials and conversion costs, assuming there was no beginning inventory.
b. Determine the equivalent units in process for direct materials and conversion costs, assuming that 12,000 liters of chemicals were 40% complete prior to the addition of the 220,000 liters.
a. The concept of equivalent units in process is used in process costing to express the total amount of work done on partially completed units in terms of fully completed units. b. In requirement "b", we are given that 12,000 liters of chemicals were 40% complete prior to the addition of the 220,000 liters.
In this case, since all direct materials are added at the beginning of the process and conversion costs occur evenly throughout the process, we can use the weighted-average method to calculate the equivalent units in process.
For direct materials, the total equivalent units in process are calculated as follows:
Units started and completed during the period: 220,000 liters
Units still in process: 5,000 liters
Total equivalent units in process: 225,000 liters
For conversion costs, we need to take into account the fact that 30% of the 5,000 liters still in process have been converted. Therefore, the total equivalent units in process for conversion costs are:
Units started and completed during the period: 220,000 liters
Units still in process: 5,000 x 30% = 1,500 liters
Total equivalent units in process: 221,500 liters
b. In this case it means that 40% of the conversion costs have already been incurred on these 12,000 liters before the new batch was added.
To calculate the equivalent units in process for direct materials, we can add the 12,000 liters that were already in process to the 220,000 liters started during the period, then subtract the 5,000 liters still in process. This gives us a total of 227,000 liters for direct materials.
For conversion costs, we need to take into account the 40% completion of the 12,000 liters that were already in process. This means that 60% of the conversion costs still need to be incurred on these units. We can use this information to calculate the equivalent units in process for conversion costs as follows:
Units started and completed during the period: 220,000 liters
Units still in process: 5,000 liters
Equivalent units in process for units already in process: 12,000 liters x 60% = 7,200 liters
Total equivalent units in process: 232,200 liters
Therefore, in requirement "b", the total equivalent units in process for direct materials is 227,000 liters, which includes the 12,000 liters that were already in process, and the total equivalent units in process for conversion costs is 232,200 liters, which takes into account the 40% completion of the 12,000 liters already in process.
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Harry runs a hot dog factory. Beef is a primary ingredient in Harry's hot dogs. Harry has been watching the cattle (beef) futures market and noticed that the 3-month future price is $50 more than the spot (current) price. Which of the following is consistent with the speculation réflected in the futures price? The cost of cattle feed has fallen due to an unexpectedly large crop of hay Speculators are manipulating the market. There was a disease that killed a large number of swine (a substitute) earlier today There was a disease that killed a large portion of the coffee crop ast month
The consistent speculation reflected in the futures price is that the price of beef is expected to increase in the future, and the only option presented that could potentially be consistent with this speculation is the disease that killed a large number of swine, which may lead to an increase in demand for beef as a substitute. The correct answer is option b.
The consistent speculation reflected in the futures price is that the price of beef is expected to increase in the future. This is because the futures market is based on the principle of supply and demand.
When the demand for a commodity is expected to increase, the futures price for that commodity will be higher than the spot price.
In this case, the higher 3-month future price for beef indicates that the demand for beef is expected to increase in the future, possibly due to factors such as an increase in the global population or an increase in consumer preferences for beef products.
None of the options presented are directly related to the beef market, except for the disease that killed a large number of swine (a substitute). This could potentially lead to an increase in demand for beef as consumers may switch to beef products if the price of pork rises due to a decrease in supply.
However, this scenario would only be consistent with the speculation reflected in the futures price if it were confirmed that the disease had a significant impact on the pork market.
The other options, such as a fall in the cost of cattle feed or speculation manipulation, are not directly related to the beef market and would not necessarily lead to an increase in demand for beef. The disease that killed a large portion of the coffee crop last month is also unrelated to the beef market and would not have a direct impact on the demand for beef.
The correct answer is option b.
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Complete Question
Harry runs a hot dog factory. Beef is a primary ingredient in Harry's hot dogs. Harry has been watching the cattle (beef) futures market and noticed that the 3-month future price is $50 more than the spot (current) price. Which of the following is consistent with the speculation réflected in the futures price?
a. The cost of cattle feed has fallen due to an unexpectedly large crop of hay Speculators are manipulating the market.
b. There was a disease that killed a large number of swine (a substitute) earlier today
c. There was a disease that killed a large portion of the coffee crop ast month
2) if they sold 100,000 cds and decided they wanted to invest in a $75,000 advertising campaign in the hopes of generating more sales, how many more cds would they have to sell to maintain their current contribution to the organization?
The organization would need to sell an additional 15,000 CDs to maintain their current contribution to the organization after investing in the $75,000 advertising campaign. This would bring their total CD sales to 115,000 CDs.
To determine how many more CDs the organization would have to sell to maintain their current contribution after investing in the $75,000 advertising campaign, we need to calculate the contribution margin per CD and then use it to determine the increase in CD sales needed to cover the cost of the advertising campaign.
Assuming that the contribution margin per CD is $5 (meaning that each CD sold contributes $5 towards covering the organization's fixed costs and generating a profit), the organization's current contribution to the organization from the sale of 100,000 CDs is:
Contribution = (Price - Variable Cost) x Quantity
Contribution = ($15 - $10) x 100,000
Contribution = $500,000
If the organization spends $75,000 on advertising, they will need to sell an additional:
Additional CD Sales = Advertising Cost / Contribution Margin per CD
Additional CD Sales = $75,000 / $5
Additional CD Sales = 15,000
Therefore, the organization would need to sell an additional 15,000 CDs to maintain their current contribution to the organization after investing in the $75,000 advertising campaign. This would bring their total CD sales to 115,000 CDs.
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g which of the following are examples of negative externalities? group of answer choices your neighbor adds a floor to his house and blocks your view of the lake and reduces the value of your property. fires in california ruin the almonds tree groves you are a bird watcher, and your neighbor puts up birdhouses and gardens to attract birds. gasoline prices increase and cause you to reduce other expenses.
The examples of negative externalities are your neighbor adding a floor to his house and blocking your view of the lake, which reduces the value of your property, and fires in California ruining almond tree groves, which affects you as a bird watcher.
Out of these examples, the negative externalities are:
a. Your neighbor adds a floor to his house and blocks your view of the lake and reduces the value of your property.
b. Fires in California ruin the almond tree groves.
c. Gasoline prices increase and cause you to reduce other expenses.
Gasoline prices increasing and causing you to reduce other expenses is not an example of a negative externality.
These scenarios represent negative externalities because they involve an action or event that has an unintended, negative impact on third parties.
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on july 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each june 30 of $37,258. what amount of principal will be included in the first annual payment? multiple choice $37,258 $20,000 $232,742 $17,258 $25,000
On July 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. Principal for first annual payment will be d) $17,258.
Shady Creek Resort borrowed $250,000 cash on July 1st.
Time span = ten years
8% interest rate
The following interest expense is included in the first annual payment: = Amount borrowed Interest rate
= $250,000 × 8%
= $20,000
As a result, the interest charge will be included in the first annual payment of $20,000, which is a total of $20,000.
Annual payment principal = Equal payment - interest rate
= 37,258 - 20,000
=$ 17,258
An annual billing cycle is paying for the complete year of service in a single yearly payment. Subscription billing locks the customer into an automated cycle that will bill them once a year until they cancel.
Divide your interest rate by the amount of payments you'll make each year, which is normally 12 months. Multiply that sum by the loan's original balance, which should be the complete amount borrowed.
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Correct question:
on july 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each june 30 of $37,258. what amount of principal will be included in the first annual payment? multiple choice
a) $37,258
b) $20,000
c) $232,742
d) $17,258
e) $25,000
Only 3% of those who apply get jobs at the Container Store. Of which of the following selection tools does the company make heavy use according to the video? a. Assessment centers b. Employment tests c. References d. Employment applications e. Interviews
The Container Store makes heavy use of interviews as a selection tool. Interviews are an important part of the selection process, allowing employers to get to know applicants and evaluate their suitability. During the interview, employers ask questions to gain insight into a candidate's skills, experience, and attitude.
The interviewer can also assess the applicant's communication and interpersonal skills, and ask questions to determine how the applicant might fit into the organization's culture. Additionally, the Container Store also makes use of references, employment tests, and employment applications to evaluate candidates.
Together, these selection tools help the company identify the best candidates for its open positions, ensuring that only the top 3% of applicants are hired.
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During 2020, Monty Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Monty for a lump sum of $53,865 because it is discontinuing manufacturing operations and wishes to dispose of its entire stock. Three types of chairs are included in the carload. The three types and the estimated selling price for each are listed below. Type No. of Chairs Estimated Selling Price Each Lounge chairs 280 $90
Armchairs 210 80
Straight chairs 490 50
During 2020, Monty sells 180 lounge chairs, 90 armchairs, and 108 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020? (Do not round relative sales price. Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $
The amount of inventory of unsold straight chairs on December 31, 2020 is $25,135.28.
To calculate the gross profit realized during 2020, we first need to calculate the cost of goods sold (COGS) for each type of chair:
Lounge chairs:
COGS = 280 x ($53,865 / (280 + 210 + 490)) = $18,621.34
Armchairs:
COGS = 210 x ($53,865 / (280 + 210 + 490)) = $13,966.01
Straight chairs:
COGS = 490 x ($53,865 / (280 + 210 + 490)) = $32,277.65
The total COGS is the sum of the COGS for each type of chair:
Total COGS = $18,621.34 + $13,966.01 + $32,277.65 = $64,865
The total revenue from sales is the sum of the revenue from each type of chair:
Total revenue = (180 x $90) + (90 x $80) + (108 x $50) = $24,120 + $7,200 + $5,400 = $36,720
Therefore, the gross profit realized during 2020 is:
Gross profit = Total revenue - COGS = $36,720 - $64,865 = -$28,145
The negative gross profit indicates that Monty Furniture Company incurred a loss on the sale of the wicker chairs.
To calculate the amount of inventory of unsold straight chairs on December 31, 2020, we need to determine the number of straight chairs sold and subtract it from the total number of straight chairs in the carload:
Number of straight chairs sold = 108
Number of straight chairs in the carload = 490
Therefore, the amount of inventory of unsold straight chairs on December 31, 2020 is:
Inventory of unsold straight chairs = Number of straight chairs in the carload - Number of straight chairs sold = 490 - 108 = 382
To calculate the cost of the inventory of unsold straight chairs, we can use the COGS per chair for straight chairs:
Cost per straight chair = $32,277.65 / 490 = $65.84
Therefore, the amount of inventory of unsold straight chairs on December 31, 2020 is:
Inventory of unsold straight chairs = Cost per straight chair x Number of unsold straight chairs = $65.84 x 382 = $25,135.28
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Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations:Per Unit Per Year Selling price $ 200 Direct materials $ 75 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $ 8 Fixed manufacturing overhead $ 300,000 Using variable costing, what is the company’s net operating income?Multiple Choice$213,000$223,000$233,000$243,000Which of the following choices explains the relationship between the absorption costing net operating income and the variable costing net operating income?Multiple ChoiceThe absorption costing net operating income will be lower than the variable costing net operating income by $30,000.The absorption costing net operating income will be lower than the variable costing net operating income by $102,000.The absorption costing net operating income will be higher than the variable costing net operating income by $30,000.The absorption costing net operating income will be higher than the variable costing net operating income by $102,000.
The absorption costing net operating income will be higher than the variable costing net operating income by $30,000.
To calculate the net operating income using variable costing, we first need to find the contribution margin per unit and then subtract the total fixed manufacturing overhead.
Contribution margin per unit = Selling price - Direct materials - Direct labor - Variable manufacturing overhead - Sales commission
Contribution margin per unit = $200 - $75 - $50 - $10 - $8 = $57
Total contribution margin = Contribution margin per unit * Units sold
Total contribution margin = $57 * 9,000 = $513,000
Net operating income = Total contribution margin - Fixed manufacturing overhead
Net operating income = $513,000 - $300,000 = $213,000
So, the company's net operating income using variable costing is $213,000.
As for the relationship between the absorption costing net operating income and the variable costing net operating income:
Fixed manufacturing overhead per unit = Total fixed manufacturing overhead / Total units produced
Fixed manufacturing overhead per unit = $300,000 / 10,000 = $30
When using absorption costing, the fixed manufacturing overhead per unit is included in the product cost. So, in this case, the absorption costing net operating income will be higher than the variable costing net operating income by the amount of unsold inventory's fixed manufacturing overhead.
Unsold inventory = 1,000 units (10,000 produced - 9,000 sold)
Fixed manufacturing overhead for unsold inventory = 1,000 * $30 = $30,000
Therefore, the absorption costing net operating income will be higher than the variable costing net operating income by $30,000.
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internal control procedures for cash disbursements (other than small disbursements from petty cash) should include that (select all that apply.) multiple select question. all disbursements (other than petty cash) are made by check. checks are signed by authorized individuals. the employee who authorizes the payment should write the check. employees in charge of cash receipts are also in charge of cash disbursements. all expenditures are authorized.
The internal control procedures for cash disbursements (excluding petty cash) should include the following measures: a) all disbursements are made by check, b)checks are signed by authorized personnel, and e)all expenditures are authorized.
Cash disbursements are a crucial area of concern for businesses, as they involve the outflow of company funds. Effective internal control procedures are necessary to ensure that these disbursements are made in a responsible and accountable manner.
By requiring that all disbursements (except petty cash) be made by check, companies can establish a clear paper trail for each payment. Additionally, checks should only be signed by authorized personnel to prevent unauthorized payments.
Finally, all expenditures should be authorized to ensure that the funds are being spent appropriately and in line with the company's objectives. These measures can help prevent fraud, errors, and misuse of company funds, and promote accountability and transparency in the cash disbursement process.
So correct options are a,b and e.
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The following body vocabulary words are scrambled. Unscramble each word and write the result in the blank.
Modelo:
gualen:
lengua
1. anreip: enter answer
2. sodde: enter answer
3. rizan: enter answer
4. dooc: enter answer
5. ózarnoc: enter answer
The unscrambled body vocabulary words are 1) panier, 2) dosed, 3) nizar, 4) cood, and 5) corazón.
1. anreip: The unscrambled vocabulary word is "panier."
2. sodde: The unscrambled word is "dosed."
3. rizan: The unscrambled word is "nizar."
4. dooc: The unscrambled word is "cood."
5. ózarnoc: The unscrambled word is "corazón."
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ratchet manufacturing's august sales budget calls for sales of 8,000 units. each month's unit sales are expected to grow by 4%. the product selling price is $20 per unit. the expected total sales dollars for september's sales budget are:
The expected total sales dollars for September's sales budget are $166,400.
To calculate the expected total sales dollars for September's sales budget, we first need to calculate the expected unit sales for September.
August sales = 8,000 units
Expected growth rate = 4%
Expected September sales = August sales x (1 + expected growth rate)
Expected September sales = 8,000 x (1 + 0.04)
Expected September sales = 8,320 units
Now, we can calculate the expected total sales dollars for September's sales budget:
Expected September sales = 8,320 units
Selling price per unit = $20
Expected total sales dollars for September = Expected September sales x Selling price per unit
Expected total sales dollars for September = 8,320 x $20
Expected total sales dollars for September = $166,400
Therefore, the expected total sales dollars for September's sales budget are $166,400.
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the marginal propensity to consume (mpc) select one: a. is greater than 1 only if the marginal propensity to save is greater than 1. b. shows how much of an extra dollar of real disposable income is spent. c. shows the percentage of real disposable income consumed at each level of income. d. shows how much real disposable income changes when consumption falls.
The correct answer is b. The marginal propensity to consume (MPC) shows how much of an extra dollar of real disposable income is spent.
It is a measure of the sensitivity of consumer spending to changes in income. If the MPC is 0.8, for example, it means that for every extra dollar of income, consumers will spend 80 cents and save 20 cents. The MPC can range from 0 to 1, and it is an important concept in macroeconomics for understanding the effects of fiscal policy on the economy.The MPC is an important concept in economics, as it helps to measure the change in consumption resulting from a change in income. It is calculated by dividing the change in consumption by the change in income. In general, a higher MPC indicates that people are more likely to spend additional income rather than save it, leading to increased consumption and potentially stimulating economic growth.
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https://brainly.com/question/20376297#SPJ11suppose the cost of an ad in the wall street journal (newspaper) is $327,897 and its u.s. audience size is 1,566,027. the cost of an ad in sports illustrated (magazine) is $396,600 and has an audience size of 3,000,000. the cost of an ad in usa today (newspaper) is $242,600 and its u.s. audience size is 711,812. the cost of an ad in time (magazine) is $278,400 and has an audience size of 300,000. the cost of a 30-second ad on the most recent super bowl telecast is $5,600,000 and has an audience size of 99,900,000. which of the five media alternatives has the highest cpm?
To determine the highest CPM (cost per thousand impressions) for each of the five media alternatives, we first need to calculate the CPM for each one.
1. Wall Street Journal (Newspaper)
CPM = (Cost / Audience Size) x 1000
CPM = ($327,897 / 1,566,027) x 1000 = $209.37
2. Sports Illustrated (Magazine)
CPM = (Cost / Audience Size) x 1000
CPM = ($396,600 / 3,000,000) x 1000 = $132.20
3. USA Today (Newspaper)
CPM = (Cost / Audience Size) x 1000
CPM = ($242,600 / 711,812) x 1000 = $340.52
4. Time (Magazine)
CPM = (Cost / Audience Size) x 1000
CPM = ($278,400 / 300,000) x 1000 = $928.00
5. Super Bowl Telecast (30-second ad)
CPM = (Cost / Audience Size) x 1000
CPM = ($5,600,000 / 99,900,000) x 1000 = $56.06
Comparing the CPM values of the five media alternatives, the highest CPM is for Time (Magazine) with a CPM of $928.00.
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A company issues €20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2022. Interest is paid on June 30 and January 1. The proceeds from the bonds are €19,604,145. Required: (Don not approximate the number and do not use a comma) 1- Prepare the journal entry to record the issuance of a bond on January 1, 2022.
2- Prepare the journal entry to record the interest payment on June 30, 2022.
3- Prepare the Journal entry to record the accrual of interest on December 31, 2022.
To record the accrual of interest on the bonds on December 31, 2022, which is calculated as 7.8% x €20,000,000 x 6/12 = €627,437.
1- Journal entry to record the issuance of the bond on January 1, 2022:
Cash €19,604,145
Bonds Payable €20,000,000
Discount on Bonds Payable (plug) €395,855
To record the issuance of 7.8%, 20-year bonds with a face value of €20,000,000, issued at a discount to yield 8% resulting in proceeds of €19,604,145. The Discount on Bonds Payable is calculated as the difference between the face value of the bonds and the proceeds received.
2- Journal entry to record the interest payment on June 30, 2022:
Interest Expense €624,750
Discount on Bonds Payable €94,083
Cash €530,667
To record the payment of interest on the bonds on June 30, 2022, which is calculated as 7.8% x €20,000,000 x 6/12 = €624,750. The Discount on Bonds Payable is amortized using the effective interest method, which calculates the interest expense as the carrying value of the bonds multiplied by the effective interest rate (8% in this case). The Discount on Bonds Payable is reduced by the difference between the interest expense and the interest payment.
3- Journal entry to record the accrual of interest on December 31, 2022:
Interest Expense €627,437
Discount on Bonds Payable €91,396
Interest Payable €536,041.
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Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000.
a. Write out a national saving and investment identity for this economy.
b. What will be the balance of trade in this economy?
c. If the budget surplus changes to a budget deficit of 1000, with private saving and investment unchanged, what is the new balance of trade in this economy?
New National Saving (New NS) = Private Saving (PS) + Budget Deficit (BD) New NS = PS - BD = 4,000 - 1,000 = 3,000 Now, we can calculate the new balance of trade: New Balance of Trade (New BOT) = New NS - I Plugging in the new values: New BOT = 3,000 - 5,000 = -2,000 The new balance of trade in this economy is -2,000.
a. The national saving and investment identity for this economy can be written as follows: National Saving = Private Saving + Budget Surplus, which can also be expressed as: National Saving = Private Saving - Budget Deficit.
Using the values provided in the question, we can calculate the national saving as follows:
National Saving = Private Saving + Budget Surplus
National Saving = 4,000 + 1,000
National Saving = 5,000
Similarly, we can calculate the investment as:
Investment = 5,000
Therefore, the national saving and investment identity for this economy is:
National Saving = Investment
5,000 = 5,000
b. Based on the information provided in the question, we do not have enough information to determine the balance of trade in this economy. The balance of trade is a measure of the difference between a country's exports and imports.
c. If the budget surplus changes to a budget deficit of 1,000, with private saving and investment unchanged, the new national saving and investment identity for this economy would be:
National Saving = Private Saving - Budget Deficit
National Saving = 4,000 - 1,000
National Saving = 3,000
Using this new value for national saving, and assuming investment remains unchanged at 5,000, we can calculate the new balance of trade as follows:
Balance of Trade = Investment - National Saving
Balance of Trade = 5,000 - 3,000
Balance of Trade = 2,000
Therefore, the new balance of trade in this economy would be a surplus of 2,000.
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piano company's costs were over budget by $60,919. piano company is divided into two regions. the first region's costs were over budget by $30,219. determine the amount that the second region's cost was over or under budget.
The second region's costs were over budget by $30,700.
The piano company's costs were over budget by $60,919 and that the first region's costs were over budget by $30,219.
To find out the amount that the second region's cost was over or under budget, we can use the following formula:
Total over budget = First region over budget + Second region over budget
We can rearrange this formula to solve for the second region over budget:
Second region over budget = Total over budget - First region over budget
Substituting the given values, we get:
Second region over budget = $60,919 - $30,219
Second region over budget = $30,700
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Between 2007 and 2011, the monetary basewas approximately constanta. increased approximately 10%b. increased approximately 20%c. increased approximately 30%d. approximately tripled
Between 2007 and 2011, the monetary base approximately tripled, primarily due to the central banks' response to the global financial crisis.
To provide a step-by-step explanation:
1. Identify the starting and ending years: 2007 and 2011.
2. Determine the change in the monetary base during this period. In this case, the monetary base was approximately tripled.
The reason for this significant increase in the monetary base was largely due to the global financial crisis that began in 2007. Central banks around the world, including the Federal Reserve in the United States, implemented a series of monetary policy measures aimed at stabilizing financial markets and supporting economic recovery.
These measures included lowering interest rates and conducting large-scale asset purchases, commonly known as quantitative easing (QE). As a result of these actions, the monetary base expanded rapidly, leading to the tripling observed between 2007 and 2011.
In summary, between 2007 and 2011, the monetary base approximately tripled, primarily due to the central banks' response to the global financial crisis. These monetary policy measures, such as quantitative easing, contributed to the significant expansion of the monetary base during this period.
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With respect to U.S. economic regulation, ____ has primary responsibility for resolving railroad rate and service disputes, reviewing potential rail mergers and some jurisdiction over motor carriers, domestic water transportation and pipelines?
With respect to U.S. economic regulation, the Surface Transportation Board (STB) has primary responsibility for resolving railroad rate and service disputes, reviewing potential rail mergers, and some jurisdiction over motor carriers, domestic water transportation, and pipelines.
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Allocative efficiency is an economic concept regarding efficiency at the social or societal level. It refers to producing the optimal quantity of some output, the quantity where the marginal benefit to society of one more unit just equals the marginal cost. The rule of profit maximization in a world of perfect competition was for each firm to produce the quantity of output where P - MC, where the price (P) is a measure of how much buyers value the good and the marginal cost (MC) is a measure of what marginal units cost society to produce. A monopolist... a. Has no motivation to operate at an output level where P=MC, once a barrier is in place and no longer has to worry about competition b. Will experience greater profits if it sets prices equal to average total cost. c. Would try to achieve allocative efficiency to compete with the other firms who own a larger market share. d. Will prefer to operate where price < average total cost
The correct answer is A. Once a monopolist has established a barrier to entry, it has no motivation to operate at an output level where P=MC. This is because a monopolist has the ability to influence the market price by reducing output, allowing it to charge a higher price and earn higher profits. As a result, a monopolist will typically operate at a lower level of output and charge a higher price compared to a perfectly competitive market.
B is incorrect because a monopolist does not maximize profits by setting prices equal to average total cost. Instead, a monopolist sets prices where marginal revenue equals marginal cost. C is incorrect because a monopolist does not have to achieve allocative efficiency to compete with other firms since it has a dominant market position. D is also incorrect because a monopolist will not prefer to operate where price < average total cost since this would result in losses.
Therefore the correct answer is option A.
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Using its aging of accounts receivable, Age Old, Inc. estimates that $90,000 of its $4,000,000 of accounts receivable will be uncollectible. Prior to making its adjusting entry, the unadjusted Allowance for Doubtful Accounts has a credit balance of $1,000. After the adjustment, the:_____.
Using its aging of accounts receivable, Age Old, Inc. estimates that $90,000 of its $4,000,000 of accounts receivable will be uncollectible. After the adjustment, the Allowance for Doubtful Accounts will have a credit balance of $90,000.
Prior to making its adjusting entry, the unadjusted Allowance for Doubtful Accounts has a credit balance of $1,000. After the adjustment, the:
Step 1: Determine the required balance in the Allowance for Doubtful Accounts.
The company estimates that $90,000 will be uncollectible, so the required balance is $90,000.
Step 2: Calculate the necessary adjustment.
The unadjusted credit balance in the Allowance for Doubtful Accounts is $1,000. To achieve the required balance of $90,000, we need to make an adjustment of $89,000 ($90,000 - $1,000).
Step 3: Make the adjusting entry.
To make the adjusting entry, debit the Bad Debt Expense account for $89,000 and credit the Allowance for Doubtful Accounts for $89,000.
After the adjustment, the Allowance for Doubtful Accounts will have a credit balance of $90,000.
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Lola-Rose converted her personal residence to rental property in 2021. She purchased the property in 2011 for $300,000 (including acquisition expenses), of which $75,000 was allocable to the land. She made no improvements. On the date of conversion, an appraisal valued the property at $233,000; $58,250 was allocated to the land. Lola-Rose's basis for depreciation is __________.
O $174,750
O $225,000
O $233,000
O $300,000
Lola-Rose's basis for depreciation is $174,750. The correct option is a.
To calculate the basis for depreciation, we need to start with the original cost of the property, which is $300,000. From this, we need to subtract the value of the land, which is $75,000. This gives us a cost basis for the building of $225,000. However, when Lola-Rose converted the property to rental use, she had to adjust the basis to reflect the fair market value of the property at that time. The appraisal valued the property at $233,000, so this becomes the new adjusted basis for the property. To calculate the basis for depreciation, we need to use the lower of the original cost basis or the adjusted basis. In this case, the adjusted basis of $233,000 is lower than the original cost basis of $225,000, so we use the adjusted basis. From this adjusted basis, we need to subtract the value of the land, which is $58,250. This gives us a basis for depreciation of $174,750.Learn more about depreciation: https://brainly.com/question/27971176
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Garcia Company issues 13.5%, 15-year bonds with a par value of $490,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11.5%, which implies a selling price of 112 1/4 Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet > 1 Record the issue of bonds with a par value of $490,000 at a selling price of 112 1/4. Record the issue of bonds with a par value of $490,000 at a selling price of 112 1/4. ok t Note: Enter debits before credits. at Date General Journal Debit Credit nces Jan 01 Record entry Clear entry View general journal
The Premium on Bonds Payable account is used to record the difference between the selling price of the bonds and their par value. In this case, the bonds were sold at a premium, so the Premium on Bonds Payable account is credited.
To record the issue of bonds with a par value of $490,000 at a selling price of 112 1/4, follow these steps:
1. Calculate the cash received from the sale of the bonds by multiplying the par value by the selling price percentage:
$490,000 * (112.25 / 100) = $549,025
2. Record the issuance of the bonds on January 1 with the following journal entry: Date: Jan 01
General Journal:
Debit: Cash - $549,025, Credit: Bonds Payable - $490,000 ,Credit: Premium on Bonds Payable - $59,025
- The Cash account is debited to record the cash received from the bond issuance.
- The Bonds Payable account is credited to represent the liability for the bonds issued.
- The Premium on Bonds Payable account is credited to represent the amount received above the par value of the bonds. This journal entry records the issuance of bonds with a par value of $490,000 at a selling price of 112 1/4 on January 1.
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FILL IN THE BLANK The _____ is the most crucial part of the annual marketing plan for ensuring proper execution and spell out specific steps necessary to implement the strategy for the product are listed.
The marketing action plan is the most crucial part of the annual marketing plan for ensuring proper execution and spell out specific steps necessary to implement the strategy for the product are listed.
The "action plan" is the most crucial part of the annual marketing plan for ensuring proper execution and spell out specific steps necessary to implement the strategy for the product are listed.
A marketing plan is a comprehensive document that outlines a company's overall marketing strategy, goals, and tactics for reaching and engaging with customers. It serves as a roadmap for the company's marketing efforts, helping to align marketing activities with business objectives and target market needs.
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controlling labor costs is not possible without also controlling blank . multiple choice question. retirement age executive compensation benefits costs the number of new hires
Controlling labor costs is a critical aspect of managing a business's bottom line. One way to do this is by effectively managing employee benefits costs, including health insurance, paid time off, and the retirement benefits.
These costs can be significant, and reducing them can have a substantial impact on a company's profitability. However, controlling labor costs involves more than just managing employee benefits. Other strategies may include streamlining operations to increase efficiency, reducing unnecessary overtime, and cross-training employees to perform multiple functions.
Additionally, controlling labor costs may also involve managing executive compensation, ensuring that salaries and bonuses are aligned with the company's overall financial goals. Ultimately, effective labor cost control requires a holistic approach that considers all aspects of a company's operations.
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