A reduction in lead time can help a supply chain reduce safety inventory without hurting product availability by allowing for a more accurate estimation of customer demand. With a shorter lead time, the organization can accurately forecast demand and adjust production accordingly.
This eliminates the need to keep excess inventory on hand, since the organization can be sure of what customers will order in the near future. Additionally, with reduced lead time, production can be better matched to customer demand, further reducing the need for safety inventory.
As a result, the organization is able to reduce costs associated with storage and increase efficiency by not having to wait for material delivery.
In summary, a reduction in lead time can help a supply chain reduce safety inventory without hurting product availability by providing more accurate forecasting of customer demand, better matching of production to customer demand, and reducing costs associated with storage and delivery.
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the labor-force participation rate measures the percentage of the group of answer choices total adult population that is in the labor force. total adult population that is employed. labor force that is employed.
The labor-force participation rate measures the percentage of the total adult population that is in the labor force. This rate is important because it indicates the economic health of a nation, as well as the level of unemployment in the economy.
To calculate the labour-force participation rate, one must take the number of people currently employed and divide it by the total adult population. This number is then multiplied by 100 to represent the percentage of the population that is in the labor force.
The labor-force participation rate is a measure of the number of people employed relative to the total adult population, rather than just the total number of people employed. This is important because it reflects the number of people who are actively seeking employment, rather than just the number of people who are already employed.
This rate also reflects how many people in the labor force are actively engaged in the economy, as well as how many people may be discouraged or inactive due to a lack of job opportunities. This is important to consider when trying to measure the economic health of a nation.
Overall, the labor-force participation rate is a measure of the percentage of the total adult population that is in the labor force. This number can give insight into the economic health of a nation and the level of unemployment in the economy.
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green company sponsors a defined benefit pension plan. the pension formula is calculated based on the following formula: 1.5% x number of service years x final salary. the assumed discount rate is 5%. if an employee is expected to retire in 10 years with a final annual salary of $200,000, has earned 20 years of service, and is expected to receive an annual pension for 20 years, the current pbo rounded to the full dollar will be
As per the given pension, the current PBO rounded to the full dollar for the employee in question is $13,884.
In this case, the employee has 20 years of service and a final salary of $200,000, so the pension payment amount would be:
Pension payment amount = 1.5% x 20 x $200,000 = $60,000
To calculate the PV factor, we need to use the discount rate and the number of years until the pension payments begin. In this case, the employee is expected to retire in 10 years and receive pension payments for 20 years, so the total number of years is 30.
PV factor = 1 / (1 + discount rate)ⁿ
PV factor = 1 / (1 + 0.05)³⁰ = 0.2314
Finally, we can calculate the PBO by multiplying the pension payment amount by the PV factor:
PBO = $60,000 x 0.2314 = $13,884
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true or false: prior to the deadline, students should take this refund option into account when deciding to drop the course.
True as the Prior to the deadline, students should take the refund option into account when deciding to drop the course.
This is because if the student drops the course before the deadline, they will be eligible for a partial refund, which is a great incentive for considering this option.
However, if the student drops the course after the deadline, they will no longer be eligible for a refund, so it's important to take this into consideration when deciding whether or not to drop the course.
Before making any decisions, students should consider their financial situation and the time that they have left before the deadline. Additionally, it's important to consult with the instructor or a student advisor for guidance.
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Rain Limited had machinery with a cost price of R2 500 000 that they acquired on 1 August 2020. 25% of the machinery purchased on 1 August 2020 was disposed of on 30 November 2021. Machinery to the value of R550 000 was purchased on 1 February 2022. These were the only disposals and acquisitions of machinery for the 2021 and 2022 financial years
The carrying value as of 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
Depreciation expense per year = (Cost price - Salvage value) / Useful life
Depreciation expense per year = R250 000
Carrying value as at 30 November 2021 = Cost price - Accumulated depreciation
Carrying value as at 30 November 2021 = R2 500 000 - R104 167
Carrying value as at 30 November 2021 = R2 395 833
Carrying value as at 1 February 2022 = Carrying value as at 1 December 2021 + Cost of new machinery purchased
Carrying value as at 1 February 2022 = R2 346 875
thus, the carrying value of the machinery for the financial years 2021 and 2022 are 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
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sasha bought a townhouse last year. she just got a tax bill from the county showing the value of her house and the amount of tax she owes. what kind of tax does sasha owe?
Sasha bought a townhouse last year. She just got a tax bill from the county showing the value of her house and the amount of tax she owes. Sasha owes property tax for her townhouse.
What is a townhouse?A townhouse is a terraced or semi-detached urban house, often several stories tall. Townhouses are often identical in design and are owned by individual families or individuals. The inhabitants of each townhouse have their own separate entrance, and there are no interior corridors or elevators in townhouses.
What is tax?A tax is a financial charge imposed by the government on an individual's or legal entity's revenue or property. The tax is charged by the government to fund various public services.
What is property tax?A tax charged by the government on land, houses, buildings, and other real estate is known as a property tax. This tax is determined by the value of the real estate being taxed.
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which of the following accounts is an asset? multiple choice dividends prepaid advertising supplies expense accounts payable
Dividends it the accounts which is an asset.
Dividends are payments from a corporation to its shareholders, usually from the company’s profits. This money is an asset for the company, as it represents a future financial benefit.
Dividends are classified as a long-term liability on the company’s balance sheet, since the company is obligated to pay out the dividends at some point in the future.
Prepaid Advertising, Supplies Expense, Accounts Payable, and Main Answer are all expenses and therefore not assets.
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which of the following statements is correct? multiple choice question. strategic initiatives are always the result of top-down planning. strategic initiatives can be the result of top-down planning or a bottom-up process. strategic initiatives generally lead to financial success. strategic initiatives are always the result of a bottom-up process.
The correct statement is that strategic initiatives can be the result of top-down planning or a bottom-up process. Top-down planning involves the senior management team developing and communicating strategic goals and initiatives for the organization.
In this case, the strategic initiatives are coming from the top and being pushed down throughout the organization. A bottom-up process involves employees at all levels of the organization contributing ideas and suggestions that can be developed into strategic initiatives. In this case, the strategic initiatives are coming from the bottom and being pushed up throughout the organization. Strategic initiatives are not guaranteed to lead to financial success, but they can be instrumental in driving the organization towards achieving its goals and objectives.
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people gain consumer surplus when they purchase an item: group of answer choices at a price below the value of the benefit they receive from the item. at an equitable price. at a price above marginal revenue but lower than the cost of production. with a marginal benefit below the price of the item.
When people buy something at a price that is higher than their marginal profit but lower than their cost of production and consumer has a marginal benefit that is lower than the item's price.
What transpires to consumer surplus as prices rise?Consumer surplus constantly increases as product prices fall and diminishes as product prices rise. Economists visualize it as the triangle-shaped region beneath the demand curve that is between the market price and the price that customers are willing to pay.
What does the term "consumer surplus" mean?The difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than do without it is known as consumer surplus, also known as societal surplus and consumer's surplus, in economics.
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audit trails produced by auditing activities are which type of security control? answer directive deterrent preventative detective
Audit trails produced by auditing activities are detective security controls. Detective security controls detect and respond to security events after they have occurred, rather than preventing them from happening in the first place.
Detective security controls are important because they help organizations determine the root cause of security incidents and provide the data necessary to take corrective action and prevent similar events from happening in the future.
Detective controls include network scanning, logging, and alerting, among other methods.
Network scanning involves searching for vulnerabilities in a network, and it is typically conducted by an external security firm.Logging involves recording events on the network, such as login attempts, file access, and user activity.
Alerting involves the automated sending of notifications when suspicious activity is detected, such as an unauthorized user attempting to gain access to a system.
Audit trails, or audit logs, are a type of detective security control. Audit trails document the events that take place in an IT system or network and provide evidence of any suspicious or malicious activity.
They are generated by auditing activities, such as authentication attempts, access to sensitive files, system configuration changes, and user actions.
Audit trails are critical for ensuring compliance with security regulations, identifying security breaches, and taking corrective action.
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the version of okun's law studied in chapter 11 assumes that with no change in unemployment, real gross domestic product (gdp) normally grows by 3 percent over a year. if the unemployment rate rose by 2 percentage points over a year, okun's law predicts that real gdp would:
The version of Okun's law studied in Chapter 10 assumes that with no change in unemployment, real GDP normally grows by 3 percent over a year. If the unemployment rate rose by 2 percentage points over a year, Okun's law predicts that real GDP would decrease by 1 percent.
In the early 1960s, economist and Yale professor Arthur Okun proposed Okun's law. The statistical correlation between a nation's unemployment rate and its pace of economic growth is examined by Okun's law. According to Okun's law, a country's GDP must increase at a pace of around 4% for a whole year in order to reduce the jobless rate by 1%.
In its simplest version, Okun's law looks at the statistical correlation between a nation's unemployment rate and its economic growth rate. The Federal Reserve Bank of St. Louis has an economics research division.
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costs are also known as accounting costs, whereas costs are the opportunity costs of using owned resources. need help? review these concept resources.
Costs that are incurred in a business transaction are referred to as accounting costs, while costs that include the value of the next-best alternative foregone are referred to as economic costs.
What are the accounting costs?Accounting costs refer to the actual monetary expenses incurred in the production of goods or services. Opportunity costs, on the other hand, represent the value of the next best alternative that must be forgone in order to pursue a certain action or decision.
Accounting costs refer to the explicit costs that are recorded in a firm's accounting system, including expenses such as salaries, rent, utilities, and materials. These costs are usually measured in monetary terms and are relatively easy to calculate and record.
In contrast, economic costs take into account both explicit and implicit costs. Implicit costs are the opportunity costs of using owned resources, such as the value of a business owner's time or the foregone opportunity to earn income from other investments.
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according to adam smith,in the growth model, a shift in the production possibility curve can be caused by:when people specialize and trade,
According to Adam Smith, in the growth model, a shift in the production possibility curve can be caused by specialization and trade.
Specialization and trade is when individuals or nations specialize in the production of certain goods and services, then exchange them with other individuals or nations.
This increases productivity, as each nation can focus on producing the goods and services it is best at producing. This specialization of labor increases the supply of goods and services and shifts the production possibility curve outward.
By focusing on their specialties, both nations can produce more than if they had tried to produce everything themselves. This increase in productivity results in an outward shift of the production possibility curve.
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last year, a central american nation reported that it had a favorable balance of trade even though it imported $9 billion worth of goods. this indicates that
A favorable balance of trade indicates that the central American nation had a surplus in its trade of goods and services.
Balance of trade refers to the difference between the value of a country's exports and the value of its imports over a specific period of time, typically a year. It is a key component of a country's balance of payments, which records all financial transactions between a country and the rest of the world.
If a nation reports a favorable balance of trade despite importing a significant amount of goods (in this case, $9 billion), it means that the value of its exports exceeded the value of its imports, resulting in a trade surplus.
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tom earned $120 in interest on his savings account last year. tom has decided to leave the $120 in his account so that he can earn interest on the $120 this year. this process of earning interest on prior interest earnings is called:
This process of earning interest on prior interest earnings is called "compounding interest".
Tom will earn interest on the new balance of his account, which includes both the original principal and the interest earned from the previous year. This means that his interest earnings for the current year will be higher than the previous year.Compounding is a powerful tool in investing because it allows for exponential growth of earnings over time. The more frequently interest is compounded, the faster the balance of the investment grows. This is why compounding is a key feature of many investment vehicles, such as savings accounts, certificates of deposit, and retirement accounts.
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which products made by adidas have been purchased by customers in california in august? only show product names.
This is SQL query for selecting distinct product names from the product table that are manufactured by Adidas, and have been purchased by customers in California in August. This query helps to identify which Adidas products were popular among California customers in August.
To do this, SQL query joins several tables - product, manufacturer, saleitem, sale, and customer - and uses the WHERE clause to filter the results based on the manufacturer's name, customer's state, and sale date. The query is given.
Select distinct productname
from product p
join manufacturer m
on p.manufacturerid = m.manufacturerid
join saleitem si on p.productid = si.productid
join sale s
on s.saleid = si.saleid
join customer c
on s.customerid = c.customerid
where manufacturername = 'adidas' and c.state = 'CA'
and month(saledate) = 8
The use of the MONTH() function extracts the month portion of the sale date, allowing the query to specifically target sales made in August.
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____The given question is incomplete, the complete question is given below:
Show the Query: which products made by adidas have been purchased by customers in california in august? only show product names.
true or false: the b2b buy cycle has roughly the same steps as the consumer purchase decision process, is carried out in much the same way, and takes about the same length of time. explain your answer.
The statement, "the b2b buy cycle has roughly the same steps as the consumer purchase decision process, is carried out in much the same way, and takes about the same length of time" is false as it takes longer time before a purchase.
The B2B buying cycle usually has a longer length of time as there is more research and deliberation done before making a purchase.
It also usually involves more stakeholders and involves more complex decision making. The steps typically include Needs Identification, Solution Development, Evaluation of Alternatives, Negotiation, and Purchase.
In contrast, the consumer purchase decision process usually involves less stakeholders and usually consists of Need Identification, Information Search, Evaluation of Alternatives, Purchase Decision, and Post-Purchase Evaluation.
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What will happen to the size of the expenditure multiplier and the size of the tax multiplier when the marginal propensity to save (MPS) increases?
When the marginal propensity to save (MPS) increases, the size of the expenditure multiplier will decrease while the size of the tax multiplier will increase.
The expenditure multiplier is the measure of the total impact of a particular autonomous expenditure on the aggregate demand of an economy while the tax multiplier is the measure of the total impact of a particular autonomous tax change on the aggregate demand of an economy.
What is Marginal Propensity to Save (MPS)?The marginal propensity to save (MPS) is the measure of the additional amount of disposable income that an individual saves rather than consumes. It is the ratio of the change in savings to the change in disposable income.
Mathematically, it is expressed as: MPS = change in saving / change in disposable incomeThe MPS determines the impact of a particular autonomous expenditure on the aggregate demand of an economy. A higher MPS implies that more income is saved rather than consumed, which decreases the multiplier effect. On the other hand, a lower MPS implies that more income is consumed rather than saved, which increases the multiplier effect.
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imagine you are an executive in the automobile manufacturing industry. which of the following conditions would increase the bargaining power of your suppliers?
There are many suppliers available that offer the same or similar products. The supplier's goods are not essential to your overall production and ability to sell automobiles. Your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream. Suppliers do not pose a credible threat to integrate forward in the auto manufacturing industry. Switching costs are relatively high. If you are unhappy with your supplier, you will incur significant costs to change suppliers.
As an executive in the automobile manufacturing industry, the condition that would increase the bargaining power of your suppliers is "Your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream."
The bargaining power of suppliers is one of the five forces that determine the competitive intensity and attractiveness of an industry. This force examines how much power a supplier can exert on businesses and how they can affect their profit and prices.
There are several conditions that increase the bargaining power of suppliers, like your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream.
This condition would increase the bargaining power of suppliers because they will be aware that your firm is dependent on them and they can exert pressure to increase prices or other terms of the contract.
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in this market, the equilibrium wage is $10 per hour, and the equilibrium quantity of labor is 400 hundred workers. suppose the mayor of combopolis introduces a legal minimum wage of $8 per hour. this type of price control is called a . for each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls. wage labor demanded labor supplied pressure on wages (dollars per hour) (hundreds of workers) (hundreds of workers) 6 14 true or false: a minimum wage above $10 per hour is a binding minimum wage in this labor market. t
.True The equilibrium number of workers and the equilibrium wage in this market are 400 hundred and $10 per hour, respectively. $10 is the Equilibrium wage.
What is a wage in equilibrium?The rate of the equilibrium market wage is where the supply and demand for labor meet. Employees are hired until the additional cost of hiring them is greater than the additional revenue generated by selling their work. In an entirely serious market, any level where organic market converges can be given to act as an illustration of the harmony wage. In a competitive market, demand and supply determine wages. The equilibrium wage will rise as a result of either an increase in demand or a decrease in supply. A decrease popular or an expansion in supply will diminish the harmony wage. Wages rise as a result of a labor shortage when wages fall below the equilibrium level; on the off chance that wages are over the balance level, there is an excess and wages get offered down. Both the labor supply and demand curves follow us as we move along them.
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Complete question -
in this market, the equilibrium wage is $10 per hour, and the equilibrium quantity of labor is 400 hundred workers. suppose the mayor of combopolis introduces a legal minimum wage of $8 per hour. this type of price control is called a . for each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls. wage labor demanded labor supplied pressure on wages (dollars per hour)
true or false: a minimum wage above $10 per hour is a binding minimum wage in this labor market.
how is it possible to produce an electric car , which is still very expensive to produce for under $25k?
Electric vehicles, which are still very expensive to produce, can be made for under $25k by following the strategies mentioned below : Create a simple yet effective design that has fewer components and systems, is lightweight, and makes extensive use of composites to reduce manufacturing and assembly costs.
Utilize a cost-effective supply chain by establishing strategic alliances with local and international suppliers and by sourcing raw materials from low-cost regions.
Make use of current production infrastructure and equipment in manufacturing electric cars instead of investing in expensive new equipment.
Achieve economies of scale by producing large quantities of electric vehicles, which will enable manufacturers to lower per-unit costs of production.
Encourage EV adoption by reducing costs through federal and state tax incentives, as well as through local utility rebates, that can reduce the purchase price of an electric car by $10,000 or more for buyers.
Encourage research and development by offering grants to electric car manufacturers to develop new technologies that would reduce the cost of manufacturing electric vehicles.
This will allow manufacturers to reduce the cost of batteries, electric motors, and other EV components while increasing their efficiency and performance.
To sum up, cost is the most critical factor in determining the success of electric cars. To reduce the cost of manufacturing electric vehicles, automakers need to focus on design, supply chain management, production infrastructure, economies of scale, incentives, and research and development.
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Gerbilia decreased lump-sum taxes by $6 billion. What measure can be used to determine the final impact on aggregate demand that occurs as a result of the change in lump-sum taxes?
The tax multiplier can be used to determine the final impact on aggregate demand that occurs as a result of the change in lump-sum taxes.
The tax multiplier is a measure that determines the impact of changes in taxes on aggregate demand. It takes into account how changes in taxes affect consumer spending and, in turn, affect businesses' production levels. By calculating the tax multiplier, we can determine how much the change in lump-sum taxes by Gerbilia will affect aggregate demand.
The tax multiplier is calculated as 1/(1-MPC), where MPC is the marginal propensity to consume, which is the proportion of additional income that consumers spend.
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if $30,000 is invested in an account for 10 years. calculate the total interest earned at the end of 10 years if the interest is: brianly
The total interest earned at the end of 10 years on an investment of $30,000 with a constant interest rate of X is calculated using the formula:
Total Interest = Principal x (1 + Rate/100)^Years. So, if we plug in the values given in the question, the total interest earned is calculated as follows: Total Interest = $30,000 x (1 + X/100)^10.
To calculate the exact amount of interest, we need to know the interest rate (X). However, based on the given information, we can use the formula to calculate the total interest earned in the 10-year period for different values of X.
For example, if the interest rate is 5%, then the total interest earned is $51,731.35; if the interest rate is 10%, then the total interest earned is $105,459.59; if the interest rate is 15%, then the total interest earned is $172,947.89; and if the interest rate is 20%, then the total interest earned is $269,916.12.
To summarize, the total interest earned on an investment of $30,000 over 10 years is dependent on the interest rate. To calculate the exact amount of interest earned, the interest rate needs to be known.
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when recording the adjusting entry for uncollectible accounts using the allowance method, customers' subsidiary accounts are not directly reduced. the reason is . (select all that apply.)
It would be impossible under the allowance technique to directly reduce the subsidiary accounts without first determining whether specific customer accounts be uncollectible.
What do sub ledger accounts do?A group of related accounts with combined balances equal to the balance in a particular general ledger account is referred to as a subsidiary ledger. Control accounts or master accounts are terms used to describe a general ledger account it lists the account balances of subsidiary ledgers.
What three different subordinate ledger types are there?The three types of subledgers—fixed asset sub-ledger, trade receivables sub-ledger, & accounts payable sub-ledger—can be used to separate them and reduce the likelihood of fraud and errors.
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product differentiation, low costs, and the development of new products or services are key to a company's success at which stage of the product life cycle?
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the product life cycle.
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the Product Life Cycle. During the Growth stage, a company must work to differentiate itself from competitors by creating unique products and services and by focusing on keeping costs low in order to maximize profits. It is also important to continue to innovate and develop new products and services in order to maintain market share and to stay competitive.
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the growth in dividends of music doctors, inc. is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years. after this five-year period, the growth in dividends is expected to be 3% per year, indefinitely. the required rate of return on music doctors, inc. is 11%. last year's dividends per share were $2.75. what should the stock sell for today? group of answer choices $25.21 $110.00 $39.71 none of the options are correct. $8.99
The stock should sell for about $20.30 today. To find the value of a stock today, the dividend discount model can be used. The correct option is D.
What is the value of stock?The formula for the dividend discount model is:
V0 = D1 / (r - g)
where, V0 = value of the stock today, D1 = dividends expected to be paid next year, r = required rate of return, and g = growth rate of dividends
Using this formula, the value of Music Doctors Inc. can be found as follows:
For the first two years, the growth rate is 8%. Therefore, the dividend expected to be paid at the end of the first year will be:
$2.75 × (1 + 0.08) = $2.97
And at the end of the second year, it will be:
$2.97 × (1 + 0.08) = $3.21
From the third year to the fifth year, the growth rate is 4%. Therefore, the dividend expected to be paid at the end of the third year will be:
$3.21 × (1 + 0.04) = $3.34
And at the end of the fourth year, it will be:
$3.34 × (1 + 0.04) = $3.47
And at the end of the fifth year, it will be:
$3.47 × (1 + 0.04) = $3.60
After the fifth year, the growth rate is 3%. Therefore, the dividend expected to be paid at the end of the sixth year will be:
$3.60 × (1 + 0.03) = $3.71
Now that all the dividends have been calculated, the value of the stock can be found using the dividend discount model as follows:
V0 = ($2.97 + $3.21 + $3.34 + $3.47 + $3.60 + $3.71) / (0.11 - 0.03)
V0 = $20.30
Therefore, the correct option is D.
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connor owns a pottery and craft store. pottery division sales are $120,000 with variable costs of $90,000, and craft division sales are $80,000 with variable costs of $52,000. if connor were to calculate the weighted-average contribution margin ratio for the store, what would he find? select answer from the options below the weighted-average contribution margin ratio for the store is 15%. the weighted-average contribution margin ratio for the store is 29%. the weighted-average contribution margin ratio for the store is 19%. the weighted-average contribution margin ratio for the store is 60%.
Conner would discover that the store's weighted-average contribution margin ratio is 15% if he calculated the weighted-average contribution margin ratio for the business.
What is the median contribution margin ratio in the formula?Subtracting the total variable costs from the total sales revenue yields the contribution margin. Contribution Margin is calculated as Total Sales Revenue - Total Variable Expenses.
How is weighted average contribution per unit determined?A weighted average of the share price paid for the shares can be calculated by the investor. To do this, multiply the total number of shares purchased by each price, add those numbers, and then divide the total by the number of shares purchased.
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During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions.
Billed $496,000 in revenues on credit
Received $164,000 from customers’ accounts receivable
Incurred expenses of $194,000 but only paid $87,700 cash for these expenses
Prepaid $32,220 for computer services to be used next month What was the company’s accrual basis net income for the month?
What was the company’s accrual basis net income for the month?
The company’s accrual basis net income for the month of March 2017 is $236,280.
Accrual accounting is a form of accounting that tracks revenue and expenses when they are earned or incurred, regardless of when they are received or paid.
The primary goal of accrual accounting is to ensure that the financial statements accurately reflect the company's performance and financial position. In accrual accounting, revenue is recorded when it is earned, and expenses are recorded when they are incurred.
On the other hand, cash accounting only recognizes revenue and expenses when cash is received or paid.
For the month of March 2017, the following transactions occurred:
Billed $496,000 in revenues on credit Received $164,000 from customers’ accounts receivable Incurred expenses of $194,000 but only paid $87,700 cash for these expenses Prepaid $32,220 for computer services to be used next month.
Calculation of the company's accrual basis net income:
Accrual basis revenue = $496,000
Accrual basis expenses = $194,000 - $32,220 = $161,780
Accrual basis net income = Accrual basis revenue - Accrual basis expenses= $496,000 - $161,780 = $334,220
However, the cash paid for expenses is only $87,700, so the cash basis net income is:
Cash basis net income = Cash basis revenue - Cash basis expenses
Cash basis net income = $164,000 - $87,700= $76,300
Therefore, the company’s accrual basis net income for the month of March 2017 is $236,280.
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inventories that are built up in advance of a peak selling season, a promotion program or a plant shut-down are known as: group of answer choices lot-size inventories transportation inventories safety stocks anticipation inventories none of the above
Inventory is a record of particulars, factors, and raw accoutrements that a company uses to manufacture or vend. This is option B, anticipation inventories.
Stock accumulated previous to the peak of the deals season, promotional program, or factory check is appertained to as forward stock.
Simply put, forward inventory is the primary use of pre-purchased and accumulated force to neutralize anticipated oscillations in force and demand.
supplies or force refers to goods and accoutrements that the company holds for the ultimate purpose of resale, manufacture oruse.Inventory operation is a discipline primarily concerned with determining the shape and arrangement of stored goods.
Question
Inventory accumulated previous to peak deals season, promotional program or plant check is shown as follows
A) Large force.
b) anticipation inventories.
C) Transport supplies.
d) Safety stocks.
e) none of that
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which of the following provisions of the sarbanes-oxley act addresses the services outside the scope of auditors? multiple choice section 201 section 301 section 404 section 407
Section 201 of the Sarbanes-Oxley Act deals with services beyond the scope of auditors.The Sarbanes-Oxley Act (SOX) of 2002 is a law passed by the U.S. Congress to protect investors from fraudulent financial accounting by companies.
The Sarbanes-Oxley Act aims to shield investors from potential corporate accounting fraud by enhancing corporate financial disclosures, corporate governance, and the punishment for corporate accounting fraud.The Sarbanes-Oxley Act is also known as the Public Company Accounting Reform and Investor Protection Act of 2002. The PCAOB is in charge of enforcing the rules and regulations governing the audit of public companies.Section 201 of the Sarbanes-Oxley Act deals with services beyond the scope of auditors.
The section prohibits auditing companies from supplying certain non-audit services, including legal services and other consulting services, to audit clients. The provision is intended to avoid conflicts of interest that may arise when an auditing company offers both audit and non-audit services to the same client.The Sarbanes-Oxley Act required firms to have an audit committee composed solely of independent directors. The audit committee must pre-approve all auditing and non-auditing services provided to the company by its auditing firm.
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your home insurance provides for replacement value for personal property losses. tools were stolen from the garage. the tools cost $150 two years ago and had an expected life of six years. today the tools are valued at $400. what amount will the insurance company pay?
The insurance company would pay $400. The reason for this is based on the replacement value method used by the home insurance company.
What is the replacement value method?The replacement value method is a method used by insurance companies, whereby the current cost of replacing a lost or damaged property with a new one of similar quality and features, rather than its actual cash value is used to determine what amount the insurance company pays.
From the question, remember, we are told, the tools are valued at $400 today. Hence, going by the replacement value method, $400 is the amount the insurance company would pay.
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