Incomplete question. The missing options read:
A. They shift easily across online and in-store channels.
B. They always shop in-store channels, then order online.
C. They prefer the online environment.
D. They purchase online but tend to purchase more in-store.
Answer:
A. They shift easily across online and in-store channels.
Explanation:
Indeed, these types of buyers do not have one preferred channel of making purchasing. Hence, companies who are aware of this employ the omnichannel strategy so as to satisfy the wants of their customers.
For example, a smartphone company would would make its smartphones not only in physical stores but also in online stores.
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:
Net income $5,135
Purchase of property, plant, and equipment 1,071
Borrowings under line of credit (bank) 1,117
Proceeds from issuance of stock 11
Cash received from customers 37,164
Payments to reduce long-term debt 46
Sale of marketable securities 219
Proceeds from sale of property and equipment 6,894
Dividends paid 277
Interest paid 90
Purchase of treasury stock (stock repurchase) 2,583
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.)
Answer:
Cash flows from investing activities
Purchase of property, plant, and equipment (1,071)
Sale of marketable securities 219
Proceeds from sale of property and equipment 6,894
Net Cash from investing activities 6,042
Cash flows from financing activities
Borrowings under line of credit (bank) 1,117
Proceeds from issuance of stock 11
Payments to reduce long-term debt (46)
Dividends paid (277)
Purchase of treasury stock (stock repurchase) (2,583)
Net Cash used by financing activities
Explanation:
The cash flows from investing and financing activities sections of the cash flow statement are presented as above.
Sable, Inc. has budgeted direct materials purchases of $400,000 in March and $500,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted: Wages expense $120,000 Purchase of office equipment 200,000 Selling and administrative expenses 126,000 Depreciation expense 18,000 Compute the amount of budgeted cash disbursements for April.
Answer:
$906,000
Explanation:
Cash disbursements for April.
Purchases - 60 % $300,000
Purchases - 40 % $160,000
Wages expense $120,000
Purchase of office equipment $200,000
Selling and administrative expenses $126,000
Total $906,000
therefore,
the amount of budgeted cash disbursements for April is $906,000
Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,200,000; June, $1,500,000; July, $1,400,000; and August, $1,400,000
Accounts Payable Merchandise Inventory
May 31 $150,000 $260,000
June 30 130,000 500,000
July 31 300,000 300,000
August 31 120,000 330,000
(1) Compute the budgeted amounts of merchandise purchases.
(2) Compute the budgeted amounts of cost of goods sold.
Answer:
1. Computation of Budgeted amount of Merchandise Purchases
Particulars June July August
Ending Accounts Payable $130,000 $300,000 $120,000
Payments on account $1,500,000 $1,400,000 $1,400,000
$1,630,000 $1,700,000 $1,520,000
Beginning Accounts Payable $150,000 $130,000 $300,000
Purchases $1,480,000 $1,570,000 $1,220,000
2. Computation of Budgeted amount of Cost of Goods Sold
Particulars June July August
Beginning inventory $260,000 $500,000 $300,000
Purchases $1,480,000 $1,570,000 $1,220,000
Cost of goods AFS $1,740,000 $2,070,000 $1,520,000
Ending Inventory $500,000 $300,000 $330,000
Cost of goods sold $1,240,000 $1,770,000 $1,190,000
challenges faced when dealing with labour issues
Answer:
A huge number of work forces of our country remain partially or wholly unemployed throughout the year or some part of the season. This has led to the problems like disguised unemployment, seasonal unemployment, general unemployment and educated unemployment.
What is one specific requirement of a negotiable instrument?
O A. It must involve an exchange of goods.
B. It must provide for a fixed amount of money.
O C. It must be agreed to orally.
O D. It must involve two parties who are friends.
Answer:
B
Explanation:
On May 3, 2020, Sweet Company consigned 70 freezers, costing $450 each, to Remmers Company. The cost of shipping the freezers amounted to $890 and was paid by Sweet Company. On December 30, 2020, a report was received from the consignee, indicating that 35 freezers had been sold for $740 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $200, and total installation costs of $330 on the freezers sold.
Required:
a. Compute the inventory value of the units unsold in the hands of the consignee.
b. Compute the profit for the consignor for the units sold.
c. Compute the amount of cash that will be remitted by the consignee.
Answer:
A. $16,195
B. $7,621
C. $23,816
Explanation:
a. Computation for the inventory value of the units unsold in the hands of the consignee.
Inventory value of the units unsold
First step is to calculate the Total inventory value
Inventory cost $31,500
(70 * $450)
Add Freight $890
Total inventory value $32,390
($31,500+$890)
Now let calculate the Inventory value of the units unsold
Inventory value of units unsold =($32,390 / 2)
Inventory value of units unsold =$16,195
Therefore the inventory value of the units unsold in the hands of the consignee is $16,195
b. Computation for the profit for the consignor for the units sold
Sales $25,900
(35 * $740)
Less Cost of unit sold ($16,195)
($32,390 / 2)
Less Commission ($1,554)
($25,900 * 6%)
Less Advertising ($200)
Less Installation cost ($330)
Profit for the consignor $7,621
Therefore the profit for the consignor for the units sold will be $7,621
c. Computation for the amount of cash that will be remitted by the consignee.
Sales $25,900
Less Commission ($1,554)
($25,900 * 6%)
Less Advertising ($200)
Less Installation cost ($330)
Cash remitted $23,816
Therefore the amount of cash that will be remitted by the consignee is $23,816
A synchronous decrease in energy prices and an increase in government spending will result in:
A) increases in output and a decrease in the price level in the long run.
B) Increase in short run aggregate supply and in aggregate demand
C) Increase in long run aggregate supply and a rightward shift in aggregate demand
D) A leftward shift in short run aggregated supply
E) Decrease aggregate demand and increase short run aggregate supply
Answer:
B) Increase in short run aggregate supply and in aggregate demand
Explanation:
In the case when there is a rise in the government spending so it would be increases aggregate demand. As AD curve shifts to the rightward, that rise the level of the price and increase in GDP.
On the other hand, if there is a decreasing in energy prices so it decreased the production cost, which rise aggregate supply. As AS curve shifts rightward, due to this it decrease the price level and increase the GDP.
So, The net impact is a definite increase in GDP, but the impact on price level is non-certain. As price level of the short run is non-certain, so we are not able to predict long run impacts.
A synchronous decrease in energy prices and an increase in government spending will result in "increases in output and a decrease in the price level in the long run". The correct option is A.
A synchronous decrease in energy prices reduces production costs for businesses which is leading to an increase in short-run aggregate supply.
At the same time, an increase in government spending stimulates economic activity and boosts aggregate demand. As a result, both short-run aggregate supply and aggregate demand increase.
In the short run, this combination of factors can lead to an expansion in output and potentially a decrease in the price level due to the downward pressure on production costs.
Therefore, the correct option is A.
To know more about government spending here,
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According to behavioral economics, consumers A. do not always behave rationally because they ignore sunk costs. B. always behave rationally because they take into account monetary costs and nonmonetary opportunity costs. C. do not always behave rationally because they fail to ignore sunk costs . D. always behave rationally because they are overly optimistic about their future behavior. E. do not always behave rationally because they take into account nonmonetary opportunity costs.
Answer:
A. do not always behave rationally because they ignore sunk costs.
Explanation:
Behavioral economics can be defined as a branch of economics that typically deals with the study of market transactions in which consumers of goods and services make choices or buying decisions that doesn't look economically rational.
According to behavioral economics, consumers do not always behave rationally because they ignore sunk costs i.e being overly optimistic about their behavior in the future while ignoring the fact that the money has been spent on purchase and cannot be recovered again.
Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered. Thus, because a sunk cost has been incurred by an individual or organization it can't be recovered and as such it is irrelevant in the decision-making process such as investments, projects etc.
Basically, sunk costs are referred to as fixed costs.
factorize the following algebraic expressions.
m²-64n⁴
Answer:
Factorization of the expression = [m - 8n²][m + 8n²]
Explanation:
Given expression;
m²- 64n⁴
Find:
Factorization of the expression
Computation:
m²- 64n⁴
m²- [(8n²)]²
Using formula;
a² - b² = (a + b)(a - b)
By putting value in above formula;
So,
Factorization of the expression = m²- [(8n²)]²
Factorization of the expression = (m)²- [(8n²)]²
Factorization of the expression = [m - 8n²][m + 8n²]
White, Gray, and Greene enter into a contract to form a partnership, but the contract says nothing about the sharing of profits and losses. Which of the following will take place? A. Profits and losses will be shared in a ratio based on the dollar amount of their capital investments. B. Profits will be shared equally; losses will be absorbed based on dollar amount of capital investment. C. Profits will be based on amount of time each partner spends working for the firm; losses will be shared equally. D. Profits and losses will be shared equally.
Answer:
D. Profits and losses will be shared equally.
Marin Company’s general ledger indicates a cash balance of $22,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $1,500 returned to a customer and incurred service charges of $45. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $550.
Required:
Calculate Marin’s correct September 30, 2016, cash balance.
Answer:
See below
Explanation:
With regards to the above, Marin's correct September 30, 2016 cash balance is computed below;
Balance as per cash book
$22,340
Add: Error in recording cash receipt
($550 - $500)
$50
Less: Bank service charge
($45)
Less: NSF check
($1,500)
Corrected cash book
$20,845
An even numbered card is chosen randomly from a set of cards labeled with the numbers 1 through 8. A second even numbered card is chosen after the first card is replaced. Are these dependent or independent events?
a.
dependent
b.
independent
Answer:
independent. This is a fun question. I never thought about how I would explain it before.
Explanation:
Can you think of anything that might influence the second even card being drawn?
Let's make the question a whole lot easier. Suppose you have a coin and it's a fair one just coming from the mint. Suppose you toss it and you get either heads or tails. Can you think of a reason why you should get the same thing again or put another way, can you guess what you are going to get next?If you can't then the tosses are independent of each other. You haven't replaced anything, like once you get a tails, you weight the coin so you can never get tails again. That would be a dependent event.If you can guess consistently, you better submit a written paper to a math journal.Now go back your your question. You replaced the card. The odds are the same as for the first toss. Is there anything that has changed your mind about being able to guess.
You can't guess, so the events are independent.
Extreme Adventurer, an outdoor nature magazine, marketed to potential customers who recently purchased camping equipment and four-wheel drive trucks. At the end of its marketing message pitch, the magazine exclaimed, “Tired of sitting in front of your computer? Explore the exciting outdoor world of nature. Subscribe today!” What does this call to action have the potential to do?
Answer:
potential customers who recently purchased camping equipment and four-wheel drive trucks.
Explanation:
The call to action has a huge potential hidden in reaching out to the customers and making them call for outdoor nature and adventure. The magazine tries to catch the reader's attention by making claims such as tired of sitting in front of your computer. Those people who usually stay at home and are unable to move out due to some reason can use their purchased camping equipment and four-wheel-drive trucks.he information systems department prides itself on being on the edge of high-tech course offerings. They were the first department to create online classes and the first to battle all of the issues associated with these offerings. When Wally interviewed for the new assistant professor position, he knew that his subcutaneous chip was only a hiring decision away. Corporate culture in this department is probably most affected by: The environment.
Answer: Technology
Explanation:
The options relating to the question are:
A) The environment.
B) Technology.
C) Geographical location.
D) Critical incidents.
Based on the information given in the question, we can infer that Corporate culture in this department is probably most affected by technology.
Since they were the first department to create online classes and also they were the first to solve the issues that were associated with these offerings, it simply means that they department was mostly affected by technology.
Lastly, Wally knowing that his subcutaneous chip was only a hiring decision away was because he knew that the department focused on technology.
Other options such as environment, geographical location and critical incidents are wrong in this case.
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs
The question is incomplete. The complete Question is as follows,
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:
Units to be produced
October 4,500
November 4,750
December 5,200
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?
A) 4,500 ounces
B) 13,575 ounces
C) 13,425 ounces
D) 4,525 ounces
Answer:
Purchases = 13575 ounces
Option B is the correct answer
Explanation:
To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.
Material available at Start - October = 10% * 4500 units * 3 ounces per unit Material available at Start - October = 1350 ounces
Material required at end - October = 10% * 4750 units * 3 ounces per unit
Material required at end - October = 1425 ounces
Material required to produce required units in October = 4500 * 3 = 13500
Production = Opening Inventory + Purchases - Closing Inventory
13500 = 1350 + Purchases - 1425
13500 + 1425 - 1350 = Purchases
Purchases = 13575 ounces
A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with this tenant and you assess the probability that they will renew their lease at 75%. If your tenant renews the lease, they will pay $15/sf in rent. If the tenant vacates, you expect that a new tenant will pay $18/sf. What is the gross rental income you expect to receive for this space in the year after the lease expires
Answer: $315000
Explanation:
From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:
= [(75% x 15) + (25% x 18)] x 20,000
= [(0.75 × 15) + (0.25 × 18)] × 20000
= (11.25 + 4.5) × 20000
= 15.75 × 20000
= 315,000
Therefore, the gross rental income is $315000
Karen, Kelsey, Rita, and Lizzi own a large commercial building as concurrent owners. They are tenants with the right to survivorship. Lizzi transfers her one-quarter interest in the building to a private charity organization owned by Stella. Which form of concurrent ownership would allow Karen, Kelsey, and Rita to become the owners of the property following Lizzi's death without the inclusion of the private charity organization run by Stella?
a) a tenancy in common
b) a tenancy by entirety
c) a joint tenancy
d) a community property
Answer:
Option C: A Joint tenancy
Explanation:
Joint Tenancy
This is simply a type of a concurrent estate. This is the process by which the cotenants have acquired four unities of title. That is the: the unity of Time, the unity of Title, the Unity of Interest and the Unity of Possession. The cotenants must received these unities from the same transferor(s) and each joint tenant is has equal right to the primary benefit of a joint tenancy such as the right of survivorship. It is the property that belongs to two or more people, even if married or unmarried.
This Joint tenancy deals with 2 or more tenants who owns the land altogether, in all. No tenant has more than the other.
The right of survivorship
It is stated that upon death of a joint tenant, the deceased's interest transfers straight to the surviving joint tenant or tenants-one less owner
Freedom Inc. has 40 employees within Denver City and County. All of the employees worked a predominant number of hours within the city. The employees earned $8.30 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5.75 withheld from their pay.
What is the employee and company Occupational Privilege Tax for these employees? (Round your answers to 2 decimal places.)
Answer:
the employee and company Occupational Privilege Tax for these employees is $92.00 and $64.00 respectively
Explanation:
The computation of the employee and company Occupational Privilege Tax for these employees is shown below:
The Total amount with held from employees is
= 16 × $5.75
= $92.00
And, the total amount to be paid by the employer is
=16 × $4.00
= $64.00
hence, the employee and company Occupational Privilege Tax for these employees is $92.00 and $64.00 respectively
The same is relevant
Journalize the entries to record the following selected bond investment transactions for Hall Trust (refer to the Chart of Accounts for exact wording of account titles):
Apr. 1 Purchased for cash $240,000 of Medina City 6% bonds at 100 plus accrued interest of $3,600, paying interest semiannually.
June 30 Received first semiannual interest payment.
July 31
Sold $120,000 of the bonds at 98 plus accrued interest of $600.
CHART OF ACCOUNTSHall TrustGeneral Ledger
ASSETS
110 Cash
111 Petty Cash
120 Accounts Receivable
121 Allowance for Doubtful Accounts
131 Notes Receivable
132 Interest Receivable
141 Merchandise Inventory
145 Office Supplies
161 Investments-Medina City Bonds
165 Valuation Allowance for Trading Investments
166 Valuation Allowance for Available-for-Sale Investments
181 Land
193 Office Equipment
194 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
221 Notes Payable
231 Interest Payable
241 Salaries Payable
EQUITY
311 Common Stock
312 Paid-In Capital in Excess of Par-Common Stock
321 Preferred Stock
322 Paid-In Capital in Excess of Par-Preferred Stock
331 Treasury Stock
332 Paid-In Capital from Sale of Treasury Stock
340 Retained Earnings
350 Unrealized Gain (Loss) on Available-for-Sale Investments
351 Cash Dividends
352 Stock Dividends
390 Income Summary
REVENUE
410 Sales
611 Interest Revenue
612 Dividend Revenue
631 Gain on Sale of Investments
641 Unrealized Gain on Trading Investments
EXPENSES
511 Cost of Merchandise Sold
512 Bad Debt Expense
516 Cash Short and Over
520 Salaries Expense
531 Advertising Expense
534 Selling Expenses
535 Rent Expense
537 Office Supplies Expense
562 Depreciation Expense-Office Equipment
590 Miscellaneous Expense
710 Interest Expense
731 Loss on Sale of Investments
741 Unrealized Loss on Trading Investments
Answer:
1) Dr Investments-Medina City Bonds $240,000
Cr Interest Receivable $3,600
Cr Cash $243,600
2) Dr Cash $7,200
Cr Interest Receivable3600
Cr Interest Revenue $3,600
3) Dr Cash $118,200
Dr Loss on sale of investments $2,400
($120,000+$600-$118,200)
Cr Interest Revenue $600
Cr Investments- medina city bonds $120,000
Explanation:
Preparation of the journal entries
1) Dr Investments-Medina City Bonds $240,000
Cr Interest Receivable $3,600
Cr Cash$243,600
($240,000+$3,600)
2) Dr Cash $7,200
($240,000 x 6% x ½ =$7,200)
Cr Interest Receivable $3,600
Cr Interest Revenue $3,600
($7,200+$3,600)
3) Dr Cash $118,200
[ (120,000 x .98)-$600]
Dr Loss on sale of investments $2,400
($120,000+$600-$118,200)
Cr Interest Revenue $600
Cr Investments- medina city bonds $120,000
You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the president of BlueNote, Inc. The president wants to reward her top management team by taking them on an all-expense-paid fly-fishing adventure in Alaska. She would like GAA to organize and lead the expedition.
You have just finished a preliminary scope statement for the project (see below).
You are now brainstorming potential risks associated with the project.
1. Brainstorm potential risks associated with this project. Try to come up with at least five different risks.
2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks.
3. Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks.
PROJECT SCOPE STATEMENT
PROJECT OBJECTIVE
To organize and lead a five-day fly-fishing expedition down the Tikchik River system in Alaska from June 21 to 25 at a cost not to exceed $35,000.
DELIVERABLES
• Provide air transportation from Dillingham, Alaska, to Camp I and from Camp II back to Dillingham.
• Provide river transportation consisting of two eight-man drift boats with outboard motors.
• Provide three meals a day for the five days spent on the river.
• Provide four hours fly-fishing instruction.
• Provide overnight accommodations at the Dillingham lodge plus three fourman tents with cots, bedding, and lanterns.
• Provide four experienced river guides who are also fly fishermen.
• Provide fishing licenses for all guests.
MILESTONES
1. Contract signed January 22.
2. Guests arrive in Dillingham June 20.
3. Depart by plane to Base Camp I June 21.
4. Depart by plane from Base Camp II to Dillingham June 25.
TECHNICAL REQUIREMENTS
1. Fly in air transportation to and from base camps.
2. Boat transportation within the Tikchik River system.
3. Digital cellular communication devices.
4. Camps and fishing conform to state of Alaska requirements.
LIMITS AND EXCLUSIONS
1. Guests are responsible for travel arrangements to and from Dillingham, Alaska.
2. Guests are responsible for their own fly-fishing equipment and clothing.
3. Local air transportation to and from base camps will be outsourced.
4. Tour guides are not responsible for the number of King Salmon caught by guests.
CUSTOMER REVIEW
The president of BlueNote, Inc.
Solution :
Risk management first involves the identification of the potential risk that may be involved. It should focus both on the objectives as well as events that could cause the consequences.
Some of the major risks that can be involved are :
• sudden weather conditions which may not support the flight travel.
• Embargo on fishing by the State or local authority suddenly
• any kind of physical injury to the members of the group
• there may be forest fire around the lake
• technical error that might occur during the course of adventures
The impact for the risk that includes the majuere risk will be very high for all the parameters that can increase the cost by 40%, it can also lead to increase in time by about 20% which can cancel the expedition. . These types of risk will not be covered under any scope.
For the physical risk, the impact will be moderate for the parameters.
Risk Response Matrix
Risk Response Contigency plan Trigger Who is responsible
Force Mitigate Choosing another Situation is Nils
Majuere destination as a back not clear in
up. 24 hours.
Physical Mitigate Proper training and After observing Eddie
injury safety kits the participants
Consider the following statements about the step-down method of service department cost allocation: I. Under the step-down method, all service department costs are eventually allocated to production departments. II. The order in which service department costs are allocated is important. III. After a service department's costs have been allocated to other departments, no costs are re-circulated back to that service department. Which of the above statements is (are) correct?
a. I, II, and III.
b. I only.
c. I and II.
d. II only.
e. I and III.
Answer:
The correct statements under the step-down method are:
a. I, II, and III.
Explanation:
The step-down method of allocating the costs of service departments is one of the three methods in use. The others include the direct method and the reciprocal method. With the direct method, service departments' costs are directly allocated to the production departments without any allocation to a service department. The reciprocal method is much more involved, using formulas and calculations. The step-down method allocates the service departments' costs to all the other service and production departments, except itself. This step is eventually followed until all the service departments' costs have been allocated to the production departments.
Trends such as more frequent shipments, lighter-weight shipments, and higher-value shipments:_________
a. help standardize rates on air and ocean shipments for incoming and outgoing freight
b. make ocean freight more effective than it has been in the past
c. increase the growth of airfreight traffic
d. have decreased the cost of containerization
Answer:
B
Explanation:
B is the answer I am not 100 percent sure
Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 715,000 shares of stock outstanding. Under Plan II, there would be 465,000 shares of stock outstanding and $6.75 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes.
a. Assume that EBIT is $1.6 million. Compute the EPS for both Plan I and Plan II.
b. Assume that EBIT is $3.1 million. Compute the EPS for both Plan I and Plan II.
c. What is the break-even EBIT?
Answer:
EPS = (Net income - Dividends) / Average number of share
a. Plan 1
Number of share = 715,000
EPS = $1,600,000/715,000
EPS = 2.23 (EBIT = Net Income as Interest and tax are 0)
Plan 2
Net income = EBIT = $1.6 million = $1,600,000
Interest = 0.07*$6,750,000 = $472,500
EBT = $1,600,000 - $472,500 = $1,127,500
Tax = 0
Net Income = 1,127,500 (1)
Number of share = 465,000
EPS = $1,127,500/465000
EPS = 2.42 (Net Income from 1)
b. Plan 1
EPS = $3,100,000/715000 = $4.33
Plan 2
When EBIT = $3,100,000
Interest = 0.07*$6,750,000 = $472,500
Net Income = $3,100,000 - $472,500 = $2,627,500
EPS = $2,627,500/465,000
EPS = 5.65 (From 2)
c. Plan 1 EBIT = Plan 2 EBIT to calculate break-even EBIT
EBIT/715,000 = (EBIT - 0.07*$6,750,000)/465,000
EBIT = $1,351,350
Bonita Industries financed the purchase of a machine by making payments of $29000 at the end of each of five years. The appropriate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.86660. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Bonita?
Answer:
Cost of Machine today = $115788.59
Explanation:
To calculate the cost of machine to Bonita in today's term, we need to calculate the present value of annuity. We know that the payments made are in form of an ordinary annuity because the amount of payment is fixed (29000) , the payments are made after equal interval of time (at the end of each year) and are made in finite number (5 years).
We will multiply the annuity payment per period by the PV of ordinary annuity factor as provided in the question to calculate the value or price of machine today.
Cost of Machine today = 29000 * 3.99271
Cost of Machine today = $115788.59
Select the education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers. Check all that apply.
high school degree
stamina
leadership
patience
concentration skills
associate degree
creativity
Answer:
High school degree
Stamina
Patience
Concentration skills
Explanation:
Just did it on edg.
The education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers are:
High school degreeStaminaPatienceConcentration skillsWhat is Warehousing and Distribution Center Operation?Distribution centers offer value-added services such product mixing, order fulfilment, cross-docking, kitting, and packing in addition to the primary function of storing items in warehouses. Distribution centers, in contrast to warehouses, also only keep the necessary quantity of goods for a shorter amount of time.
Because they primarily support B2B enterprises as a conduit between suppliers and customers, distribution centers are more customer-centric. Distribution centers are in charge of effectively meeting customer demands and expectations; warehouses are in charge of safely keeping products.
Operations at distribution centers are therefore more complicated than those at warehouses. Distribution centers use state-of-the-art technology for order processing, inventory management, warehouse management, and transportation management.
Define concentration."The ability to direct your thinking in any direction you choose and to hold it for as long as you choose" is the definition of concentration.
Concentration is the capacity to narrow the field of awareness to one particular idea or subject while rejecting all other distractions.
One of the most crucial skills anybody should have is the capacity to concentrate. However, the majority of people find it difficult to focus. They frequently can't focus on one thing for a reasonable amount of time since their attention tends to wander.
This is a problem that can be solved. The capacity for concentration can be improved, just like any other talent. A person who practices mental discipline may concentrate without being interrupted by thoughts, sounds, or anything else.
While you might occasionally appear to be reading or concentrating on your work, if your attention is diverted you probably won't be able to retain the information for long enough to use it properly to produce something intelligible.
If you find the subject matter to be "boring," you're too sleepy or hungry, you have too much on your plate, you lack motivation for a long-term or short-term goal, or you're very concerned or worried and easily distracted, your ability to focus may be affected.
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Write a paragraph about Bad customer service
Answer:
Bad customer service can be defined as when a business fails to meet the customer expectations in terms of service quality, response time, or overall customer experience. ... According to NewVoiceMedia, an estimated $62 billion is lost by U.S. businesses each year following negative customer experiences.Poor customer service can cause employees of a business to feel insecure and unhappy at work. Nobody likes being subject to anger from unpleased customers and without sufficient strategies in place to deal with these complaints, employees are far more likely to feel dissatisfied with their jobWinslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows:
Winslow Inc. Product Income Statements—Absorption Costing For the Year Ended December 31, 20Y1
1 Cross Training Shoes Golf Shoes Running Shoes
2. Revenues $850,000.00 $700,000.00 $635,000.00
3. Cost of goods sold 413,000.00 338,700.00 419,000.00
4. Gross profit $437,000.00 $361,300.00 $216,000.00
5. Selling and administrative expenses 389,000.00 257,900.00 359,500.00
6. Income (Loss) from operations $48,000.00 $103,400.00 ($143,500.00)
In addition, you have determined the following information with respect to allocated fixed costs:
1 Cross Training Shoes Golf Shoes Running Shoes
2 Fixed costs:
3 Cost of goods sold $128,500.00 $90,300.00 $120,500.00
4 Selling and administrative expenses 95,900.00 82,400.00 143,500.00
These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of inventory may be ignored. The management of the company has deemed the profit performance of the running shoe line as unacceptable. As a result, it has decided to eliminate the running shoe line. Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoe line, management expects the profits of the company to increase by $54,200.
Required:
a. Do you agree with management’s decision and conclusions? Explain your answer. (Note: You may wish to complete part (b), the variable costing income statement, first.)
b. Prepare a variable costing income statement for the three products. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign. Enter all other amounts as positive numbers.
c. Use the report in (b) to determine the profit impact of eliminating the running shoe line, assuming no other changes. Use the minus sign to indicate a decline in profit.
Answer:
Winslow Inc.
a. I do not agree with management's decision and conclusions. Before the elimination of the Running Shoes Department, the company recorded a total net profit of $7,900. After the elimination, the company recorded a total net loss of $112,600.
b. Variable Costing Income Statement for the three products:
Winslow Inc. Product Income Statements—Variable Costing For the Year Ended December 31, 20Y1
1 Cross Training Golf Shoes Running
Shoes Shoes
2. Revenues $850,000 $700,000 $635,000
3. Variable Costs:
Cost of goods sold 284,500 248,400 298,500
Selling & admin. expenses 293,100 175,500 216,000
Total variable costs 577,600 423,900 514,500
4. Contribution margin $272,400 $276,100 $120,500
5. Fixed Costs:
Cost of goods sold 128,500 90,300 120,500
Selling and admin. exp. 95,900 82,400 143,500
Total fixed costs 224,400 172,700 264,000
6. Income (Loss) from
operations $48,000 $103,400 ($143,500) $7,900
c. The impact of eliminating the running shoe line is the increase of the net operating loss from a net profit of $7,900 to $112, 600.
Explanation:
a) Data and Calculations:
Winslow Inc. Product Income Statements—Absorption Costing For the Year Ended December 31, 20Y1
1 Cross Training Golf Shoes Running
Shoes Shoes
2. Revenues $850,000.00 $700,000.00 $635,000.00
3. Cost of goods sold 413,000.00 338,700.00 419,000.00
4. Gross profit $437,000.00 $361,300.00 $216,000.00
5. Selling and
administrative expenses 389,000.00 257,900.00 359,500.00
6. Income (Loss) from
operations $48,000.00 $103,400.00 ($143,500.00)
1 Cross Training Golf Shoes Running
Shoes Shoes
2. Revenues $850,000 $700,000 $635,000
3. Cost of goods sold
Variable cost 284,500 248,400 298,500
Fixed cost 128,500 90,300 120,500
Total cost of goods sold 413,000 338,700 419,000
4. Gross profit $437,000 $361,300 $216,000
5. Selling and
administrative expenses
Variable cost 293,100 175,500 216,000
Fixed cost 95,900 82,400 143,500
Total selling & admin. 389,000 257,900 359,500
6. Income (Loss) from
operations $48,000 $103,400 ($143,500) $7,900
Elimination of the Running Shoes Department:
1 Cross Training Golf Shoes Total
Shoes
2. Revenues $850,000 $700,000 $1,550,000
3. Cost of goods sold
Variable cost 284,500 248,400 532,900
Fixed cost 128,500 90,300 339,300
Total cost of goods sold 413,000 338,700 872,200
4. Gross profit $437,000 $361,300 $677,800
5. Selling and
administrative expenses
Variable cost 293,100 175,500 468,600
Fixed cost 95,900 82,400 321,800
Total selling & admin. 389,000 257,900 790,400
6. Income (Loss) from
operations $48,000 $103,400 ($112,600)
Jasmine Corporation purchased inventory costing $125,000 and sold 75% of the goods for $163,750. All purchases and sales were on account. Jasmine later collected 25% of the accounts receivable. Assume that sales returns are nonexistent.
1. Journalize these transactions for Jasmine, which uses the perpetual inventory system.
2. For these transactions, show what Jasmine will report for inventory, revenues, and expenses on its financial statement at the end of the month. Report gross profit on the appropriate statement. Assume beginning inventory is $0.
Answer:
Part 1
Purchase journal
Debit : Merchandise Inventory $125,000
Credit : Accounts Payable $125,000
Sales journal
Debit : Accounts Receivable $163,750
Debit : Cost of Sales ($125,000 x 75%) $93,750
Credit : Sales Revenue $163,750
Credit : Inventory $93,750
Collection of Payments journal
Debit : Cash ($163,750 x 25%) $40,938
Credit : Accounts Receivable $40,938
Part 2
Inventory = $31,250
revenues = $163,750
expenses = $93,750
gross profit = $70,000
Explanation:
inventory = Purchases - Cost of sales
= $125,000 - $93,750
= $31,250
revenues = Sales to Customers paid up or not
= $163,750
expenses = Cost of sales
= $93,750
gross profit = Sales - Cost of sales
= $163,750 - $93,750
= $70,000
Choose one of the management or leadership theories (you may know of one not listed below) and three of the characteristics listed below. You want to research what details for each characteristic you chose applies to the selected management or leadership theory. You should write at least 100-word minimum for each characteristic.
Management and leadership theories include :_____.
a. Contingency theory
b. Systems theory
c. Chaos theory
d. Theory X and Theory Y
e. Human relations theory
f. Transactional leadership theory
g. Transformational leadership theory
h. Path-goal theory
i. Charismatic leadership theory
j. Situational leadership theory.
Different types of characteristics to consider for each management or leadership theory are :_______.
a. Traits
b. Values, integrity and moral development
c. Confidence and optimism
d. Skills and expertise
e. Behavior
f. Influence tactics
g. Attributes about followers
h. Beliefs and assumptions.
Explanation:
Theory: d. Theory X and Theory Y
Characteristics:
a. Traits
b. Values, integrity, and moral
h. Beliefs and assumptions.
The Theory X and Theory Y management theory was developed by Douglas McGregor. According to McGregor, there are two types of managers;
theory X: who takes pride in viewing his employees in a negative sense, that assuming they unmotivated and do not like work, hence believes they should be forced to work.theory Y: this manager has a positive view of his employees. He is the direct opposite of theory X manager since he believes his employees are happy to work. In other words, he believes his employees are self-motivated.Question 5 of 10 Atax added to the cost of an item bought at a store is ain) O A credit tax 2. income tax c. property tax D sales tax
A tax added to the cost of an item bought in a store is a sales tax. Thus, option D is correct.
What is a sales tax?A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase.
Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority. The sale and use tax is frequently exempted for some goods and services, including food, education, and medical. A sales tax is similar to a value-added tax (VAT) that is levied on products and services. Key distinctions can be found in the comparison with sales tax. The sale of this item is subject to a retail sales tax of 8.5%, which is shown on the cash register receipt.
Therefore, we can conclude that option D is correct.
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