Answers
Answer:
The cost of borrowing money will be lower.
Explanation:
A lower interest rate would lower the total amount needed to be repaid to the person/company the money is being borrowed from.
Related Questions
1.2. Give the word/term for the following: 1.2.1. People in different countries have different needs and wants with limited resources to satisfy their needs. 1.2.2. Producing too much of a specific commodity. 1.2.3. The most extreme form of a planned economic system. 1.2.4. A model that describes the movement of money, goods and services and factors of production in the economy and between participants. 1.2.5. Market for goods and services.
Answers
Answer:
1.2.1. Scarcity
1.2.2. Overproduction
1.2.3. Command economy
1.2.4. Circular flow model
1.2.5. Product market
Explanation:
The first thing you need to do to get intentional about your future is...
Consider the cost of education
Dream of the possibilities
Build your resumé
Determine your college ROI
Answers
The first thing you need to do to get intentional about your future is to determine your college ROI.
What is ROI?ROI (Return On Investment) is a measure of the profitability of an investment, expressed as a ratio or percentage of the amount of money returned on the investment compared to the amount of money originally invested. It is a key indicator of how well an investment has performed, and is calculated by dividing the total gains from an investment by the total amount of money invested. ROI is commonly used to compare different investments, as it provides a more accurate measure of the profitability of an investment than the initial cost of the investment. ROI is an important factor to consider when making an investment decision.
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The management of Tritt Company has asked its accounting department to describe the effect upon the company’s financial position and its income statements of accounting for inventories on the LIFO rather than the FIFO basis during 2025 and 2026. The accounting department is to assume that the change to LIFO would have been effective on January 1, 2025, and that the initial LIFO base would have been the inventory value on December 31, 2024. The following are the company’s financial statements and other data for the years 2025 and 2026 when the FIFO method was employed.
Answers
The LIFO (last-in, first-out) method assumes that most recently purchased inventory items are sold first, while the FIFO (first-in, first-out) method assumes that the oldest inventory items are sold first.
What is inventory?Inventory refers to the goods, raw materials, work-in-progress, or finished products that a company holds for the purpose of selling, producing, or distributing. It can include both tangible and intangible items, such as physical products, digital downloads, or intellectual property. Managing inventory is a crucial aspect of supply chain management, as it affects the company's cash flow, profitability, and customer satisfaction. Companies need to balance inventory levels to ensure they have enough to meet customer demand without overstocking, which ties up capital and increases the risk of obsolescence or damage. The type of inventory a company holds and how it manages it can vary depending on the industry, product type, and supply chain complexity.
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a. The manager of the Greenfield store has a personal friendship with a number of
employees. He wants to get these employees positions at one of the other stores. How would
you respond to this human resources scenario?
Answers
We asked HR professionals to share their stories about dealing with difficult employees and the lessons they have learned over time in order to provide you with some concrete advice on what to do.
How do you handle employees who are difficult?I discovered after spending some time getting to know her better that she was actually quite unhappy in her current position. I assisted her in setting career goals and creating a strategy for achieving them. As soon as she changed jobs, she changed how she treated other people. In the end, the employee rose to become the department's go-to person.
Success almost always follows when you concentrate on matching an employee's strengths to the job she is expected to do. Work with employees to create a strategy that will help them achieve their objectives. Finally, give them a lot of feedback and praise them for their accomplishments. This will result in a win-win situation for the company and its employees.
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What is the most important factor a person should consider when creating a
payment plan and deciding which debts to pay first?
OA. Types of loans
OB. Automatic payments
OC. Credit scores
OD. Interest rates
Answers
Answer:
The most important factor a person should consider when creating a payment plan and deciding which debts to pay first is the interest rates on the loans. Therefore, the correct option is OD.
It is generally recommended to prioritize paying off the loans with the highest interest rates first, as these loans will accrue more interest over time and cost more in the long run. By paying off high-interest loans first, a person can save money on interest and potentially pay off all of their debts faster.
MKT mix (4ps) marketing campaign idea of unilever,p&g,nestle
Answers
The 4 Ps of the marketing mix are product, price, place, and promotion
Explanation of the 4 PsProduct: The goods or services offered by a company.
Price: The amount of money charged for the product.
Place: The location where the product is sold.
Promotion: The methods used to communicate the benefits and value of the product to the target audience.
Here are some general marketing campaign ideas that these companies may use:
Unilever:
Promote eco-friendly and sustainable products to appeal to consumers who are concerned about the environment.
Use social media influencers to endorse their products and create buzz.
Launch seasonal products, such as limited-edition flavors, to keep customers interested.
Highlight their commitment to diversity and inclusion in their advertising campaigns.
P&G:
Use emotional storytelling to connect with customers on a deeper level.
Offer promotions and discounts to encourage repeat purchases.
Promote their commitment to social responsibility by supporting charitable causes.
Develop creative product packaging and displays to stand out on the shelves.
Nestle:
Use digital marketing to target younger consumers who are tech-savvy.
Offer interactive promotions, such as contests and giveaways, to engage customers.
Highlight the health benefits of their products to appeal to health-conscious consumers.
Use celebrity endorsements to increase brand awareness and credibility.
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What are the 4 Ps of the marketing mix
List out the marketing campaign ideas of Unilever, P&G and Nestle
What is an example of a digital asset? O A. A store coupon OB. A hotel reservation OC. Airline frequent flier miles OD. A check
Answers
Answer: A check because the money you withdraw or deposit is transferred through the online world, making it an online asset.
Doing some research on the key players will help you make the most of business blank or blank
Answers
The main benchmark for a business's success is customer satisfaction. Your ability to satisfy your customers to the point where they pick you over someone else, that they do business with you again.
What Exactly Is a Customer?A person or firm that purchases goods or services from another company is known as a customer. Consumers are crucial because they provide revenue; without them, firms would cease to exist.
In sales, commerce, and economics, a customer is the recipient of a good, service, product, or idea that they have purchased from a seller, vendor, or supplier in exchange for money or another useful consideration.
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The McMillan Corporation incorporated on September 2, 2011. The company engaged in the following transactions during its first month of operations:
Sept. 2 Issued capital stock in exchange for $900,000 cash.
Sept. 4 Purchased land and a building for $350,000. The value of the land was $50,000, and
the value of the building was $300,000. The company paid $200,000 cash and issued a note payable for the balance.
Sept. 12 Purchased office supplies for $600 on account. The supplies will last for several
months.
Sept. 19 Billed clients $75,000 on account.
Sept. 29 Recorded and paid salary expense of $24,000.
Sept. 30 Received $30,000 from clients billed on September 19.
A partial list of the account titles used by the company includes:
Cash
Accounts Receivable
Office Supplies
Land
Building
Notes Payable
Accounts Payable
Capital Stock
Client Revenue
Salary Expense
a.
Prepare journal entries, including explanations, for the above transactions.
b.
Post each entry to the appropriate ledger accounts (use the T account format illustrated in
Exhibit 3-8 on page 108).
c.
Prepare a trial balance dated September 30, 201 1
Answers
The general journal for McMillan Corporation is given below(check images).
The total debit is $1,179,600 and the total credit is $1,179,600
What is a General Journal?A General Journal, also known as a Journal or Journal Entry, is a chronological record of all financial transactions made by a business. It is the primary bookkeeping record where all financial transactions are recorded in chronological order, regardless of the account affected or the amount of money involved.
The General Journal records all types of financial transactions, including the ones that do not fit into any of the specialized journals such as the Sales Journal, Purchase Journal, or Cash Receipts Journal. Examples of transactions that are recorded in the General Journal include the purchase of a fixed asset, adjusting entries, and accruals.
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1. How would you define the attributes and benefits of Crayola® products?
2. Define the core, actual, and augmented product benefits.
3. Where was Crayola® in the Product Life Cycle before it entered the toy market? Where do you think they are now? Explain.
4. Do you see the move from school supply products to toys as product development? Explain.
5. Describe the Crayola® product portfolio strategy.
Answers
Answer:
1. The attributes of Crayola® products include qualities such as bright colors, smooth application, and non-toxic materials. The benefits of these attributes are that they allow for creative expression and artistic exploration, while also providing a safe and reliable product for children to use.
2. The core product benefit of Crayola® products is artistic expression and creativity. The actual product benefits include the variety of colors and types of products available, such as crayons, markers, and paints. The augmented product benefits may include features such as reusable storage containers, educational resources, and online tutorials.
3. Before entering the toy market, Crayola® was likely in the maturity stage of the product life cycle, as their core products (crayons, markers, and paints) had been established for many years and were widely used in schools and homes. It is difficult to speculate on their current position in the product life cycle without more information on their recent product development and marketing strategies.
4. The move from school supply products to toys can be seen as a form of product development, as it involves expanding the company's product offerings and entering a new market. However, the specifics of the product development process would depend on the nature of the toys being developed and the company's goals and strategies for entering the toy market.
5. Crayola®'s product portfolio strategy likely involves offering a range of products that appeal to different age groups and interests, while also maintaining a consistent brand identity and quality standards. This may involve developing new products and variations on existing products, as well as partnerships and collaborations with other brands and organizations. Again, it is difficult to provide specific information without access to current marketing and product development strategies.
Answer: here we go
Explanation:
1. The attributes of Crayola® products include bright colors, easy application, and safety for children. The benefits of the products are a tool for self-expression, creativity, and educational benefits.
2. The core product benefit of Crayola® products is a tool for self-expression and creativity. The actual product benefits are its bright colors, easy application, and safety features. The augmented product benefits are the educational benefits and the satisfaction of a quality product.
3. Before entering the toy market, Crayola® was in the maturity phase of the Product Life Cycle. They were a well-established brand with loyal customers. Currently, Crayola® is still in the maturity phase, but with their expansion into the toy market, they have the potential to enter the growth phase.
4. Yes, the move from school supply products to toys is a form of product development. Crayola® identified an opportunity to expand their product line and reach a new market which led to the creation of a new line of products.
5. Crayola's product portfolio strategy includes a wide range of products for school and home use. They offer various types of coloring and art supplies to cater to different needs, from washable markers for young children to professional-grade colored pencils for artists. The company constantly innovates and improves their products to maintain their position as a market leader. Additionally, they have expanded their product line with toys and other creative items to reach a wider audience.
New techniques in the production of computers make it possible to produce them at a lower cost. What do you think would happen in the market for computers?
a. the demand curve will shift to the left
b. the supply curve will shift to the left
c. the demand curve will shift to the right
d. the supply curve will shift to the right
Answers
The use of new technique to produce computers at a lower cost will affect the market for computers in that the supply curve will shift to the right. (Option D).
Why will the Supply Curve Shift to the Right?If the cost of producing computers decreases due to new techniques, it would lower the marginal cost of producing each unit. This means that suppliers can now offer computers at a lower price while still maintaining their profit margin. As a result, we can expect that the supply curve will shift to the right (option d) in response to this development.
The increased supply of computers at a lower price is likely to stimulate demand for them, which could lead to an increase in the quantity demanded. Hence, we can also expect the demand curve to shift to the right, but the degree of the shift will depend on the price elasticity of demand for computers.
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Sanford bought two shirts for $24.95 each and a pair of pants for $39.95. He paid with a $100 bill. Assuming he paid no sales tax, how much did he receive?
Answers
Sanford spent $24.95 each on two shirts and $39.95 on a pair of slacks. He used a $100 bill as payment. Don't forget to convert percentages to decimals. $116 .
What does "percent" mean?If we need to calculate a percentage of a number, we should divide it by its entirety and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the word percent means. The letter "%" stands for it.
What do symbols mean?Symbols are used to communicate other thoughts and opinions and might take the shape of words, sounds, movements, ideas, or visual representations. A symbol can be almost anything, including an item, a mark, a image, a character, a word, or a location. Metaphor is a literary device.
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Why do borrowers end up paying more over a longer payment schedule (such as 48 months vs 30 months)?
Answers
The answer is the borrowers end up paying more over a longer payment schedule because longer loan term means accumulating more interest charges over time.
A longer term is riskier for the lender because there's more of a chance interest rates will change dramatically during that time. Because it's a riskier loan to make, lenders charge a higher interest rate.
What would you consider to be an interest?Interest is the fee you pay to borrow money or the fee you charge to lend money. Most frequently, interest is shown as a yearly percentage of the loan amount. The interest rate on the loan is this particular percentage.
What does an interesting example look like?Consider borrowing $1,000 for seven years at a 10% interest rate. Your interest would be $100 in the first year. Your interest payment for the next year would consist of the principle amount plus interest, or $1,100.
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CWB Inc. produces stuffed bunnies. The company normally produces and sells 78,000 stuffed bunnies each year at a selling price of $50 per unit. The company's unit costs at this level of activity are given below:
Direct materials $9.30
Direct labor 8.00
Variable manufacturing overhead 2.00
Fixed manufacturing overhead 6.00 ($468,000 total)
Variable selling expenses 1.50
Fixed selling expenses 6.00 ($468,000 total)
Total cost per unit $32.80
An outside manufacturer has offered to produce stuffed bunnies and ship them directly to CWB's customers. If CWB Inc. accepts this offer, the facilities that it uses to produce stuffed bunnies would be idle; however, fixed manufacturing overhead costs would be reduced by 30%. Because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only three-fourth of their present amount. What is the maximum price per unit quoted by the outside manufacturer that CWB Inc. is willing to accept? (Round your
answer to 2 decimal places.)
Answers
If the company were willing to increase its fixed selling expenses by $139,000, it could increase its annual sales by 20% above the current 78,000 units.
How much does a unit cost?The term "cost per unit" encompasses both the variable and fixed costs of producing and delivering a single unit of any product to a final consumer. Keeping track of your cost of goods sold provides context for pricing and ensures profit generation. Cost per unit provides insight into the costs associated with producing a single item, receiving new inventory, storing it, fulfilling it, and shipping it. By separating the expense per unit, you can distinguish shortcomings that are driving up costs, thusly lessening overall revenues.
A low cost per unit is a sign of efficient production and logistics, which guarantees profit per sale. Obviously, quality assumes a part, as better or premium merchandise regularly cost more to create than less solid or less expensive materials.
If the company were willing to increase its fixed selling expenses by $139,000, it could increase its annual sales by 20% above the current 78,000 units.
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Summary of Strategic Management southern African concepts and case fourth edition, chapters 1 to 4
Answers
Answer:
Strategic Management Southern African Concepts and Case fourth edition provides readers with a comprehensive overview of the principles and practices of strategic management. The book is divided into four chapters that cover the essential topics in strategic management, including the nature of strategic management, strategic analysis, strategic choice, and strategy implementation.
Chapter one provides an overview of strategic management and discusses its importance in the contemporary business environment. The chapter also examines the evolution of strategic management, the various approaches to strategic management, and the role of strategic management in creating a sustainable competitive advantage.
Chapter two focuses on strategic analysis, which is a critical component of the strategic management process. The chapter discusses the importance of environmental analysis, industry analysis, and internal analysis in formulating a successful strategy.
Chapter three explores strategic choice, which involves selecting the most appropriate strategy for an organization based on the outcomes of the strategic analysis. The chapter examines the different levels of strategy, including corporate, business, and functional strategies.
Chapter four focuses on strategy implementation, which involves translating the chosen strategy into action. The chapter discusses the various components of strategy implementation, including organizational structure, leadership, culture, and control systems.
Throughout the book, the authors provide numerous case studies that illustrate the principles and practices of strategic management. The case studies are drawn from a range of industries, including manufacturing, telecommunications, banking, and healthcare, among others. The book also includes learning objectives, review questions, and a glossary of key terms, making it an invaluable resource for students, educators, and practitioners alike.
Explanation:
If fixed costs are £1000, the selling price per unit is £10 and variable costs per unit are £5, what is the breakeven output?
Answers
According to the question of fixed costs, the breakeven output is 200 units.
What is fixed costs?Fixed costs are costs that do not vary with the amount of output produced by a company. They are expenses that must be paid regardless of the amount of goods or services produced by the company. Fixed costs include rent, insurance, debt service payments, depreciation, office supplies, and utilities. They are also known as overhead costs and are the same at any level of production. Fixed costs are important in cost-volume-profit analysis, as they do not change with the amount of output.
This is calculated by dividing the fixed costs by the contribution margin (the difference between the selling price and the variable costs). In this example, the contribution margin is £5 (selling price of £10 minus variable costs of £5) and therefore the breakeven output is £1000 (fixed costs) divided by £5 (contribution margin) = 200 units.
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HELP ASAP :(
The post-purchase evaluation gives consumers a chance to
compare products from different manufacturers.
make better decisions in the future.
show off their purchase on social media.
decide when and where to make the purchase.
Answers
Option B. The post-purchase evaluation gives consumers a chance to make better decisions in the future.
What is the Post-purchase evaluation?Post-purchase evaluation is the process of assessing one's satisfaction or dissatisfaction with a product or service after purchase. This evaluation helps consumers to reflect on their purchase decisions and determine whether they made the right choice or not.
By evaluating their experience, consumers can learn from their mistakes and make better decisions in the future, which can lead to more informed and satisfactory purchases. Comparing products, showing off purchases on social media, and deciding when and where to make purchases are not necessarily part of the post-purchase evaluation process, although they may be related.
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Why might Sandwiched criticism be a poor approach
Answers
Answer:
Manipulation
Explanation:
The main issue with the sandwich approach is that it’s actually manipulation. (not sure if this is what you meant)
Analyze the significance of these three matrices for Chipotle regarding their relevance for strategic planning. Include a description of the key information for each of the three matrices.
Discuss how the information from your analysis will influence your recommendations for strategy selection, planning, and implementation.
Answers
One common type of the matrix used in strategic planning is the SWOT analysis.
What is strategic planning?Strategic planning is a process of defining an organization's long-term goals and objectives, and then developing a plan of action to achieve them. It involves analyzing the current state of the organization, identifying strengths, weaknesses, opportunities, and threats, and setting priorities and objectives for the future. The process typically involves gathering input from stakeholders, conducting research and analysis, setting strategic objectives, developing action plans, and monitoring progress over time. The ultimate goal of strategic planning is to align an organization's resources, capabilities, and activities with its long-term goals and objectives. This helps to ensure that the organization is well-positioned to respond to changes in its environment and to achieve sustained success over time.
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Match these 30 POINT plus brainliest
Business Fluctuations
Consumption
Economic growth
Economies of scale
Free Rider
Government Purchases
Human Capital
Institutions
Investment
Physical capital
Price Ceiling
Price Floor
Recession
Rent Control
Speculation
Technological knowledge
A. The city of Phoenix informed me that the maximum rate I am allowed to lease my
condo at is $750 a month.
B. In 2008 oil prices were increasing, my husband and other recent graduates
couldn't find a job, as well as the overall economy was hurting.
C. Sam believes that there is a zombie apocalypse coming. He is investing in rice and
other storable food to sell and trader when times are rough.
D. Everyone needs high speed internet so the price is set to be no more than $25 a
month.
E. John took credit on the group project, even though he didn't contribute.
F. It is common knowledge farms can produce more crops when the proper fertilizer
is applied.
G. As oil prices increase we will most likely see a downward trend in GDP, when oil
prices decrease we typically see an increase in GDP.
H. Sorting people's recycled goods is gross work so they can't be paid less than $20
an hour.
1.
Our 3 branches of government
J. The benefit I can receive from attending a teaching conference.
K. The salaries Redstone Arsenal
L. In order to run a metal casting company you need high temperature ovens,
computers to create designs, and molds for holding the designs.
M. The US economy grew by 3.6% from 2018 to 2019.
N. I enjoy spending money on nail services and new clothes for my boys.
O. Jamie purchased a new cricket machine for designing t-shirts to sell.
P. Riding the train is a great method of transportation in a large city.
Answers
Answer:
Free Rider - E
Rent Control - A
Recession - B
Economic Growth - M
Consumption - I?
Investment - O
Price Ceiling - D
Business Fluctuations - G
Technological Knowledge - L
Price Floor - H
Human Capital - F
Speculation - C
Please feel free to let me know if i forgot any of the words!
If 32 oz of cheese if $9.98 how much would 4 oz of that cheese be
Answers
If the cost of 32 oz of cheese is $9.98, 4 oz would cost $1.25 (rounded to the nearest cent).
What transpires if the market has an excess of wheat?So there would be a surplus since there would be more supply than demand. The oversupply of wheat would activate market forces. In order to sell more wheat, wheat farmers would cut the price.
Would the supply be affected if the price of wheat changed?The demand for wheat will rise as the price of wheat declines. When the demand curve shifts, there is an increase in demand. At the new equilibrium price, more wheat will be traded, increasing the amount demanded.
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5. Question 5 What is part of a project launch?
Answers
Answer:
Explanation:
Signature Global City 93 Gurgaon is a great investment opportunity for several reasons. Firstly, it is located in a prime location in Gurgaon, which is one of the fastest-growing cities in India. This means that the property value is likely to appreciate significantly in the coming years, providing excellent returns on investment.
Secondly, Signature Global is a well-known and respected developer with a track record of delivering high-quality projects on time. This means that investors can be assured of the quality of the construction and timely delivery of the project.
Thirdly, the project offers a range of luxurious amenities and facilities, including landscaped gardens, a swimming pool, a gymnasium, and a clubhouse. These amenities are designed to provide residents with a comfortable and convenient lifestyle, which is sure to attract a high demand for the property.
Finally, Signature Global City 93 offers 2 & 3 BHK luxury floors in Gurgaon at an affordable price. This makes it an attractive investment option for buyers who are looking for a premium property at a reasonable cost. Overall, investing in Signature Global City 93 Gurgaon is a wise choice for those who are looking for a lucrative real estate investment opportunity.
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Liquidity management Bauman Company’s total current assets, total current liabil-
ities, and inventory for each of the past 4 years follow:
LG 3
Item 2009 2010 2011 2012
Total current assets $16,950 $21,900 $22,500 $27,000
Total current liabilities 9,000 12,600 12,600 17,400
Inventory 6,000 6,900 6,900 7,200
Inventory turnover 2009 2010 2011 2012
Bauman Company 6.3 6.8 7.0 6.4
Industry average 10.6 11.2 10.8 11.0
a. Calculate the firm’s current and quick ratios for each year. Compare the resulting
time series for these measures of liquidity.
b. Comment on the firm’s liquidity over the 2009–2010 period.
c. If you were told that Bauman Company’s inventory turnover for each year in the
2009–2012 period and the industry averages were as follows, would this infor-
mation support or conflict with your evaluation in part b? Why?
Answers
Answer:
زؤزيزؤمؤننيتي hsjshsus sjshsbs ka ikajsibs uaiiajsusi iwjahaia iajshiaba iajajjajwia kanbsud hd hdbxhubdhxbxbxvx x x zjsjisjsibdjdbeu sh sus sjhe
why studying business low is so important?
Answers
It is important to study business law because it helps you spot potential legal issues as they come up, make better decisions, and know when to seek legal help.
If you are not aware of these laws you could be putting your staff at risk, violating employment laws and failing to ensure your premises are safe for customers.
What does the phrase "business law" mean?The formal procedure for making a company organization and the rules managing the sale of corporate entities are governed by business law. Moreover, it has rights delegation, contract drafting, task delegation, breach of contract, transactions, contracts, and sanctions for contract violations.
What is it , and what does it serve?When it comes to businesses and their dealings with people, organizations, and other enterprises, the goals and functions of business law include making order, defending rights and freedoms, creating standards, and settling conflicts.
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Answers for, We assume that for several years Kiya Ahemed has operated a part-time consulting
business from her home. As of April 1, 2020, Kiya decided to move to rented quarters
and to operate the business on a full-time basis. The business will be known as Kiya
Consulting. During April, Kiya Consulting entered into the following transactions:
Apr. 1. The following assets were received from Kiya Ahemed: cash, Br.130,100;
accounts receivable, Br.30,000; supplies, Br.11,400; and office equipment,
Br.125,500. There were no liabilities received.
1. Paid three months’ rent on a lease rental contract, Br.60,000.
2. Paid the 0ne year premiums on property and casualty insurance policies, Br.12,000.
4. Received cash from clients as an advance payment for services to be provided and
recorded it as unearned fees, Br.50,000.
5. Purchased additional office equipment on account from Office Station Co.,Br.20,000.
6. Received cash from clients on account, Br.18,000.
10. Paid cash for a newspaper advertisement, Br.1,200.
12. Paid Office Station Co. for part of the debt incurred on April 5, Br.10,000.
12. Recorded services provided on account for the period April 1–12, Br.42,000.
14. Paid part-time receptionist for two weeks’ salary, Br.7,500.
17. Recorded cash from cash clients for fees earned during the period April 1–1
Br.62,500.
18. Paid cash for supplies, Br.8,000.
20. Recorded services provided on account for the period April 13–20, Br.21,000.
24. Recorded cash from cash clients for fees earned for the period April 17-24,
Br.3,8500.
26. Received cash from clients on account, Br.36,000.
27. Paid part-time receptionist for two weeks’ salary, Br.7,500.
29. Paid telephone bill for April, Br.1,300.
30. Paid electricity bill for April, Br.2,000.
30. Recorded cash from cash clients for fees earned for the period April 25–30,
Br.30,500.
30. Recorded services provided on account for the remainder of April, Br.15,000.
30. Kiya withdrew Br.25,000 for personal use.
Answers
1. Cash was decreased by Br.60,000 and Rent Expense was increased by Br.60,000.
What is Rent?
Rent is a payment made by a tenant to a landlord in exchange for the use of a property or unit. It is usually paid monthly, but can also be paid weekly, bi-weekly, or yearly. Rent is typically based on the market value of the property, but may be agreed upon between the landlord and tenant.
2. Cash was decreased by Br.12,000 and Insurance Expense was increased by Br.12,000.
4. Cash was decreased by Br.50,000 and Unearned Fees was increased by Br.50,000.
5. Accounts Payable was increased by Br.20,000 and Office Equipment was increased by Br.20,000.
6. Cash was increased by Br.18,000 and Accounts Receivable was increased by Br.18,000.
10. Cash was decreased by Br.1,200 and Advertising Expense was increased by Br.1,200.
12. Cash was decreased by Br.10,000 and Accounts Payable was decreased by Br.10,000.
12. Fees Earned was increased by Br.42,000 and Accounts Receivable was increased by Br.42,000.
14. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
17. Cash was increased by Br.62,500 and Fees Earned was increased by Br.62,500.
18. Cash was decreased by Br.8,000 and Supplies Expense was increased by Br.8,000.
20. Fees Earned was increased by Br.21,000 and Accounts Receivable was increased by Br.21,000.
24. Cash was increased by Br.3,8500 and Fees Earned was increased by Br.3,8500.
26. Cash was increased by Br.36,000 and Accounts Receivable was increased by Br.36,000.
27. Cash was decreased by Br.7,500 and Salaries Expense was increased by Br.7,500.
29. Cash was decreased by Br.1,300 and Telephone Expense was increased by Br.1,300.
30. Cash was decreased by Br.2,000 and Electricity Expense was increased by Br.2,000.
30. Cash was increased by Br.30,500 and Fees Earned was increased by Br.30,500.
30. Fees Earned was increased by Br.15,000 and Accounts Receivable was increased by Br.15,000.
30. Cash was decreased by Br.25,000 and Owner's Withdrawal was increased by Br.25,000.
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Periodic inventory by three methods; cost of goods sold
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 50 units at $94
Mar. 10 Purchase 50 units at $104
Aug. 30 Purchase 30 units at $112
Dec. 12 Purchase 70 units at $116
There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Cost of Ending Inventory and Cost of Goods Sold
Inventory Method Ending Inventory Cost of Goods Sold
FIFO $ $
LIFO
Weighted avg cost
Answers
Inventory Method Ending Inventory Cost of Goods Sold FIFO $9,280 $12,860, LIFO $8,320 $12,860, Weighted Avg Cost $8,552 $21,380.
How to calculate the cost of ending inventory?To calculate the cost of ending inventory and cost of goods sold using periodic inventory system under FIFO, LIFO and weighted average cost methods, we need to determine the cost of each unit of the item, which can be calculated as follows.
Jan. 1 Inventory: 50 units at $94 = $4,700
Mar. 10 Purchase: 50 units at $104 = $5,200
Aug. 30 Purchase: 30 units at $112 = $3,360
Dec. 12 Purchase: 70 units at $116 = $8,120
Total cost of units available for sale = $4,700 + $5,200 + $3,360 + $8,120 = $21,380
Total units available for sale = 50 + 50 + 30 + 70 = 200
Weighted average cost per unit = Total cost of units available for sale / Total units available for sale
= $21,380 / 200 = $106.90
Using the above information, we can calculate the cost of ending inventory and cost of goods sold using the following methods:
FIFO (First-In, First-Out) Method:
The assumption is that the first units purchased are the first ones sold, so the ending inventory consists of the most recently purchased units.
Ending Inventory: 80 units x $116 = $9,280
Cost of Goods Sold: (50 x $94) + (30 x $112) + (20 x $116) = $12,860
LIFO (Last-In, First-Out) Method:
The assumption is that the last units purchased are the first ones sold, so the ending inventory consists of the oldest units.
Ending Inventory: 80 units x $104 = $8,320
Cost of Goods Sold: (50 x $116) + (30 x $112) + (20 x $104) = $12,860
Weighted Average Cost Method:
The assumption is that the cost of each unit sold and in ending inventory is the weighted average cost of all units available for sale.
Ending Inventory: 80 units x $106.90 = $8,552
Cost of Goods Sold: 200 units x $106.90 = $21,380
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What is the purpose of a report?
Answers
Answer:
A. To display data returned from a query in a specially formatted way.
Sam Tuckerton sells for Fair Designs, Inc. He is on a 4.5% straight commission with a $1,800 drawing account. If he is paid the draw at the beginning of the month and then sells $125,000 during the month, how much commission is owed to Sam?
Answers
Sam has made more commission than the amount of the drawing account, as seen by the negative amount owed. As a result, he is owed $5,625—the total amount of his commission.
What does commission cost in dollars?A commission is the quantity paid to an employee for accomplishing a task, which is typically selling a specific volume of goods or services, according to the U.S. Department of Labor. In addition to or in substitute of a standard pay, commission may be paid.
What does business commission mean?A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity.
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Refer to Figure 3. Which of the following statements is correct?
O A. To induce firms to internalize the externality in this market, the government should offer a subsidy measured by P₂ - Po
B. To induce firms to internalize the externality in this market, the government should impose a tax measured by P₂ - Po.
C. To induce firms to internalize the externality in this market, the government should impose a tax measured by P2 - P₁.
D. There is no externality in this market.
Answers
Option (b), The government ought to implement a tax that is calculated as P2 - P0 in order to encourage businesses to internalize the externality in this market.
How could the government internalize a beneficial externality?It is referred to as a positive externality when a benefit is shared with a third party. The government is able to prevent negative externalities by taxing goods and services that generate spillover costs. The government can promote positive externalities by offering subsidies for goods and services that have positive spillover effects.
The supply and demand market economy has the potential to incorporate externalities.Externalities can be internalized through market processes, governmental control, autonomous groups, or a mix of these institutions.
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what belongs in a reference field when completing a deposti
Answers
A reference field is a short description providing a receipt or invoice number for records.
Define an invoice number.An invoice that contains a list of products or services provided to a customer for payment. The seller or supplier will issue an invoice towards the end of the transaction after the product has been delivered or the service has been rendered. The invoice contains the previously agreed price to be paid by the buyer after completing the order.
As your business grows, you, the business owner, will be sending a lot of messages. This is a good question, but difficult to track. This is where the invoice number comes into play. Set up an invoice number assignment system and maintain a consistent invoice number format. These handy numbers make it much easier for small business owners to manage each billing cycle, avoid double payments, get paid faster, and get through the other side of tax audits unscathed. Become.
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The complete question is as follows:
What belongs in a reference field when completing a deposit?