The fixed cost and the variable percentage per dollar of sales revenue Option B. $10,000 fixed and 50.0% per dollar of sales revenue.
To determine the fixed and variable costs using the high-low method, we start by identifying the difference between the high and low sales revenue and the corresponding total costs.
High sales revenue: $160,000
Total costs at high sales revenue: $90,000
Low sales revenue: $96,000
Total costs at low sales revenue: $58,000
Next, we calculate the difference in sales revenue and total costs:
Change in sales revenue = $160,000 - $96,000 = $64,000
Change in total costs = $90,000 - $58,000 = $32,000
The fixed cost can be obtained by subtracting the variable cost component from the total costs at either the high or low sales revenue. Let's use the high sales revenue figures:
Fixed cost = Total costs at high sales revenue - (Variable cost per dollar of sales revenue * High sales revenue)
Fixed cost = $90,000 - (Variable cost per dollar of sales revenue * $160,000)
Using the information provided, we can solve for the variable cost per dollar of sales revenue:
Change in total costs = Variable cost per dollar of sales revenue * Change in sales revenue
$32,000 = Variable cost per dollar of sales revenue * $64,000
Variable cost per dollar of sales revenue = $32,000 / $64,000 = 0.5 or 50.0%
Now, substituting this value back into the equation for fixed cost:
Fixed cost = $90,000 - (0.5 * $160,000)
Fixed cost = $90,000 - $80,000 = $10,000
Therefore, the correct answer is option B: $10,000 fixed cost and 50.0% per dollar of sales revenue.
The question was incomplete, Find the full content below:
Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales revenue is $160,000 with total costs of $90,000, and the low sales revenue is $96,000 with total costs of $58,000? What is the fixed cost and the variable percentage per dollar of sales revenue?
A. $9,750 fixed and 32.5% per dollar of sales revenue
B. $10,000 fixed and 50.0% per dollar of sales revenue
C. $6,750 fixed and 32.5% per dollar of sales revenue
D. $4,240 fixed and 56.0% per dollar of sales revenue
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why the limitations of the right to freedom of expression should be observed on social media campaigns when citizens are alerted of the dangers of unhealthy living environment
Answer:
The right to freedom of expression is a fundamental human right that should be protected and respected. However, in certain situations, such as social media campaigns aimed at alerting citizens of the dangers of unhealthy living environments, it is important to observe the limitations of this right. This is because some forms of expression can have negative consequences on individuals and society as a whole.
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
It is TRUE to state that at the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
Why is tax deferred in property taxes recognized as revenue?Tax deferred in property taxes is recognized as revenue because it represents an obligation to the entity and will be collected in the future.
Investment earnings, such as interest, dividends, or capital gains, that grow tax-free until the investor takes constructive receipt of the profits, are referred to as tax-deferred status.
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Full Question:
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
True or false?
Explaining the purpos of sales promotion as a marketing communication policy with practical examples?
Grade 11 business studies
Sales promotion techniques are effective in attracting customers' attention, creating a sense of value, and driving immediate sales.
Sales promotion is a marketing communication strategy aimed at stimulating immediate customer action or increasing demand for a product or service. It involves the use of various promotional techniques to provide incentives, create a sense of urgency, and influence purchase decisions.
The purpose of sales promotion is to drive short-term sales, boost brand awareness, attract new customers, encourage repeat purchases, and achieve specific marketing objectives.
There are several practical examples of sales promotion techniques used by companies:
Discounts and Coupons: Offering price reductions, percentage-off discounts, or coupons can incentivize customers to make immediate purchases. For example, a clothing retailer may offer a "Buy One, Get One 50% Off" promotion to encourage customers to buy multiple items.
Free Samples: Providing free samples allows customers to experience a product firsthand, increasing their likelihood of making a purchase. For instance, a cosmetic brand may distribute sample-sized products at a shopping mall to attract potential customers.
Contests and Sweepstakes: Running contests or sweepstakes can create excitement and engage customers. For instance, a beverage company may organize a social media contest where customers can win prizes by sharing photos with their products.
Loyalty Programs: Implementing loyalty programs rewards customers for repeat purchases and encourages brand loyalty. For example, a coffee shop may offer a "Buy 10 Coffees, Get One Free" program to encourage customers to return.
Bundling and Cross-selling: Offering bundled products or cross-selling related items can increase the average transaction value. For example, a technology retailer may bundle a laptop with accessories at a discounted price.
Limited-Time Offers: Creating a sense of urgency by promoting limited-time offers or flash sales can drive immediate purchases. For instance, an online retailer may offer "24-Hour Sale" promotions to encourage customers to buy quickly.
Rebates: Providing cash-back rebates after the purchase can entice customers and reduce the perceived cost. For example, a smartphone manufacturer may offer a mail-in rebate for customers who purchase a specific model.
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How should expatica enter into the international markets ?
Expatica should enter into international markets by conducting extensive market research to identify potential markets and their unique cultural, economic and regulatory differences.
The process conducting extensive market research to identify potential markets and their unique cultural, economic and regulatory differences will help Expatica to tailor its offerings to meet the specific needs and preferences of each market. The company should also partner with local businesses to gain access to their networks and expertise in navigating the local market. Expatica should establish a strong online presence to reach a wider audience and invest in digital marketing to increase brand visibility and awareness. Additionally, the company should ensure compliance with local laws and regulations, and adapt to local customs and language to establish credibility and build trust with customers. Continuous monitoring of market trends and consumer preferences is crucial to ensure that Expatica remains competitive and relevant in each international market it enters.
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Benjamin's moped will need to be replaced soon. Which choice would be
the worst for him to make that would disrupt his other financial goals?
Benjamin should avoid making any financial decisions that would disrupt his other financial goals. He should aim to find a cost-effective and efficient solution to replace his moped without overspending or incurring debt
However, it is important that he does not make any choices that would disrupt his other financial goals. One of the worst choices he could make would be to take out a high-interest loan or put the purchase on a credit card with a high-interest rate. This decision would lead to him incurring more debt, which could hinder his other financial goals such as saving for a down payment on a house or investing in his retirement fund.
Another bad choice would be to purchase an expensive and high-end moped that is beyond his budget. This decision would result in him overspending and possibly accumulating debt, which could hinder his other financial goals. It is important that Benjamin sets a budget and looks for a cost-effective and efficient moped that fits his needs and budget.
Lastly, Benjamin should avoid tapping into his emergency fund or dipping into his savings account to purchase the moped. He should aim to keep his emergency fund intact and continue contributing to his savings accounts to ensure he can meet his other financial goals.
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How does a graphics card help the computer’s main CPU?
A It provides the wiring that connects the CPU to a monitor.
B It converts analog images into digital signals the CPU can use.
C It connects the CPU of one computer to a group of other computers.
D It takes some load off the CPU, allowing it to work faster.
Answer:
A graphics card help the computer’s main CPU as it converts analog images into digital signals the CPU can use.
What is CPU?
A central processing unit, also known as a central processor, main processor, or simply processor, is the electronic circuitry that executes computer programme instructions.
The CPU executes basic arithmetic, logic, controlling, and input/output operations as specified by the program's instructions. The CPU is a computer's brain, containing all the circuitry required to process input, store data, and output results.
The CPU is constantly following computer programme instructions that tell it which data to process and how to process it.
T A graphics card assists the main CPU by converting analogue images into digital signals that the CPU can use.
Explanation:
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content: Site 1
What is the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired?
The main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired is:
Earned income is money gained though occupation.Capital additions are medium of exchange gained though investment(s).Salary, bonuses, commissions, and tips that you receive from an employer or the company are examples of earned money.
Capital gains are funds received as a result of the sale of an investment such as stocks or real estate. Earned income is often taxed more heavily than gains from investments, which are taxed less heavily.
As a result, the significance of the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired are the aforementioned.
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How might international cooperative space efforts and outsourcing certain tasks to private
contractors affect the decision making done at NASA?
On the plus side, international collaboration may pool the resources and knowledge of several nations, promoting increased productivity, lower prices, and improved innovation. Access to cutting-edge scientific research, a pooling of resources, and financial support from several nations can all be advantageous for NASA.
NASA science is concentrated on better understanding Earth through the Earth Observing System,[8] advancing heliophysics through the Science Mission Directorate's Heliophysics Research Program,
exploring bodies throughout the Solar System with knowledge cutting-edge robotic spacecraft like New Horizons and planetary rovers like Perseverance,
and researching astrophysics topics, such as the Big Bang, through the James Webb Space Telescope and the Great Observatories.
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2. 2. One can apply.
life
a. Leadership
b. Management
c. Job
O d. Strategic Thinking
to arrive at decisions that can be related to your work or personal
One can apply to Management to arrive at decisions that can be related to your work or personal.
Whether an organisation is a for-profit corporation, a government agency, or a nonprofit, management is the administration of that entity. It is the science of managing a company's resources.
Businesses use management to plan their operations, processes, and personnel in order to achieve their objectives. The main objective of management is to establish an atmosphere that encourages productive and efficient work among personnel.
The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organising staff efforts to achieve these goals through the application of resources available are examples of such administration activities.
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According to the law of supply, an increased price for a good should lead to: OA. a decreased demand for that good. OB. a decreased supply of that good. C. an increased demand for that good. OD. an increased supply of that good. SUBMIT
Answer: OD. an increased supply of that good.
Explanation:
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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Discuss the importance of communication in the lives people, business, government, Non-government and others in authority in today's world. Give one practical example to support discussion.
Communication plays a crucial role in the lives of people, businesses, governments, and non-governmental organizations in today's world.
Effective communication ensures that people can exchange ideas, share information, and express their thoughts and opinions, thereby building relationships, enhancing understanding, and promoting cooperation.
In business, communication is essential for successful operations. It enables businesses to communicate with customers, suppliers, and employees, to coordinate activities and make decisions. Effective communication also helps businesses to establish and maintain a positive reputation and brand image.
In government and non-governmental organizations, communication is essential for building public trust, disseminating information, and promoting transparency and accountability. Effective communication enables governments to inform citizens about policies, laws, and regulations, to obtain feedback and input from stakeholders, and to build consensus and support for initiatives.
One practical example of the importance of communication is the response to the COVID-19 pandemic. Effective communication has been critical in informing the public about the risks and dangers of the virus, promoting preventive measures such as social distancing and wearing masks, and providing updates on vaccine availability and distribution.
Governments, businesses, and healthcare organizations have used various communication channels, such as social media, news outlets, and press conferences, to disseminate information and updates on the pandemic, thereby building trust and reducing anxiety and confusion among the public.
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Answer:
Communication is an essential part of our everyday lives, and it plays a crucial role in many aspects of society, including people, business, government, non-governmental organizations, and other authorities. Effective communication is important because it allows us to share ideas, express our thoughts and emotions, and build relationships with others.
In business, communication is crucial for success. It enables employees to work together effectively and efficiently, and it allows businesses to interact with customers and other stakeholders. For example, a company might use social media to communicate with customers about new products or promotions. Effective communication can help to build trust and loyalty with customers, which can lead to increased sales and revenue.
In government, communication is important for ensuring that policies and decisions are communicated effectively to the public. It enables citizens to participate in the democratic process and hold their elected officials accountable. For example, a government might use public forums or town hall meetings to communicate with citizens about new policies or initiatives. Effective communication can help to build trust and confidence in government, which can lead to greater civic engagement and participation.
In non-governmental organizations, communication is important for raising awareness about important social issues and advocating for change. It enables organizations to communicate their message to the public and to mobilize support for their cause. For example, a non-governmental organization might use social media to raise awareness about environmental issues or human rights abuses. Effective communication can help to build a movement around a particular cause, which can lead to positive change.
One practical example of the importance of communication is during a crisis. Effective communication is essential during a crisis, whether it be a natural disaster, a public health emergency, or a terrorist attack. In these situations, communication can help to provide important information to the public, calm fears and anxieties, and coordinate response efforts. For example, during the COVID-19 pandemic, effective communication from public health officials was crucial in informing the public about the virus, how to prevent its spread, and what to do if they were infected. This communication helped to slow the spread of the virus and save lives.
Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Explanation:
to calculated this question to solve
5. (a) Discuss the role and importance of agriculture sector in India.
The role and importance of agriculture sector in India includes, contribution to GDP, largest source of employment, source of food supply, and helps in industrial development.
Contribution to GDP
The agriculture sector in India is one of the largest sectors. It's contribution to the GDP is around 17% as per 2021 reports.
Largest source of employment
India's agriculture sector is the largest source of employment in India. Most of the people living in the rural areas works in agriculture sector. According to the reports the employment in agriculture sector is around 46%.
Source of Food Supply
India is the home of many crops, cereals and, vegetation. India is now the most populous country in the world. To feed this large population constant supply of food is necessary. Therefore, agriculture sector helps in frequent food supply.
Helps in industrial development
Most of the raw materials for manufacturing different products in the world, comes from India. This helps in the development of different industries in the world.
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Select the correct answer from each drop-down menu.
Oliver scheduled a sales meeting with a prospective customer to sell financial solutions. Before the meeting, he researched this customer’s demographic characteristics. During the meeting, he was able to offer customized financial solutions to the customer based on the customer’s individual needs. Which steps of the selling process did Oliver follow?
Oliver followed the step of the selling process before the meeting, and the step during the meeting.
Oliver followed the step of "pre-approach" before the meeting, where he researched the customer's demographic characteristics. And during the meeting, he followed the step of "presentation" by offering customized financial solutions based on the customer's individual needs.
Pre-Approach is one of the first steps in the sales process, during which a salesperson researches potential customers before approaching them. For the sale process to be more relevant to all parties involved, it comprises customer analysis, consumer abilities, needs, and wants.
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what is business management
Business management is the process of organizing, planning, leading, and controlling the resources of an organization to achieve its goals and objectives.
Business management involves coordinating human, financial, and technological assets to ensure the organization's success. In business management, managers develop strategies, implement policies, and make decisions to direct the operations of the company. They also monitor performance and make necessary adjustments to achieve desired outcomes. Key components of business management include strategic planning, operational management, human resource management, financial management, and marketing management. By effectively managing these elements, business managers help organizations maximize profits, maintain a competitive edge, and create a sustainable growth path. Overall, business management is crucial for the success and growth of any organization, as it allows for the efficient utilization of resources and the achievement of strategic objectives.
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Garwryk, Inc., which is financed with debt and equity, presently has a debt ratio of 77 percent. What is the firm's equity multiplier? How is the equity multiplier related to the firm's use of debt financing (i.e., if the firm increased its use of debt financing would this increase or decrease its equity multiplier)? Explain.
if Garwryk, Inc. borrows more money, it will raise its equity multiplier. This means that the company might use more loans to pay for its things, which could lead to more danger because it owes more money.
What is Equity Multiplier?The equity multiplier is a way to see how much a company's assets are paid for with loans compared to its own money. To figure it out, you divide everything the company owns by the money invested (equity).
Garwryk, Inc. is being considered or thought about. If a company has a debt ratio of 77%, it means that 77% of the money they used to buy things came from borrowing. To find the equity multiplier, use this equation:
The Equity Multiplier is a formula that uses division to determine the connection between total assets and total equity. To compute the equity multiplier, we must first determine how much money the corporation owns or has invested. We can't calculate the exact equity multiplier unless we have this information.
We can talk about how a company's debt financing affects its equity multiplier. The equity multiplier is affected by how much debt the company has. If a company borrows more money, it will raise the number that measures how much money the owners put in.
When a company borrows more money, it gets more things they own (because they use the money to buy more things they own). The bottom part of the equity multiplier stays the same, but the top part gets bigger. When the amount of things that a company owns is bigger than the amount of money it owes, the equity multiplier gets bigger.
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Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates:
Activity Cost Pool Activity Rate
Supporting direct labor $ 22 per direct labor-hour
Order processing $ 194 per order
Custom design processing $ 268 per custom design
Customer service $ 416 per customer
Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:
Standard Model Custom Design
Number of gliders 11 3
Number of orders 1 3
Number of custom designs 0 3
Direct labor-hours per glider 29.50 31.00
Selling price per glider $ 1,825 $ 2,490
Direct materials cost per glider $ 464 $ 584
The company’s direct labor rate is $16 per hour.
Required:
Using the company’s activity-based costing system, compute the customer margin of Big Sky Outfitters. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Loss amounts should be entered with a minus sign.)
The total costs for Big Sky Outfitters is $6,566, The customer margin of Big Sky Outfitters is $14,123.
How to calculate the company’s activity-based costing system and the customer margin of Big Sky Outfitters.Calculating the costs for each activity:
1. Supporting direct labor:
Standard Model: 11 gliders x 29.50 direct labor-hours per glider x $16 per hour = $5,152
Custom Design: 3 gliders x 31.00 direct labor-hours per glider x $16 per hour = $1,488
2. Order processing:
Standard Model: 1 order x $194 per order = $194
Custom Design: 3 orders x $194 per order = $582
3. Custom design processing:
Custom Design: 3 custom designs x $268 per custom design = $804
4. Customer service:
Customer Service: 1 customer x $416 per customer = $416
Calculating the total costs for Big Sky Outfitters:
Total costs = Supporting direct labor + Order processing + Custom design processing + Customer service
Total costs = $5,152 + $194 + $804 + $416 = $6,566
Now, let's calculate the total revenues for Big Sky Outfitters:
Total revenues = (Number of gliders x Selling price per glider) - (Number of gliders x Direct materials cost per glider)
Total revenues = (11 x $1,825) - (11 x $464) + (3 x $2,490) - (3 x $584)
Total revenues = $20,075 - $5,104 + $7,470 - $1,752 = $20,689
Finally, let's compute the customer margin:
Customer margin = Total revenues - Total costs
Customer margin = $20,689 - $6,566 = $14,123
Therefore, the customer margin of Big Sky Outfitters is $14,123.
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Perception distortions is a process where people would not use shortcuts to give meaning to targets or objects. Question Attachment: Answer O True O False
Perception distortion refers to the tendency of individuals to perceive information inaccurately or in a biased manner, often influenced by preconceptions or expectations. It can involve the use of shortcuts or heuristics in processing information. Thus, the given statement in question is false.
Negotiations frequently include perception distortion. A perceiver's inclination toward the other party may result from their own needs, wants, motivations, and personal experiences. Biases and mistakes in perception and subsequent communication may result from this. Stereotyping, halo effects, selective perception, and projection are the four different categories of perceptual distortions.
An inaccurate interpretation of a perceptual phenomenon is referred to as perception distortion. It happens when a person's reaction to external stimuli deviates from what would be considered normal. This distortion may be caused by drug use, physical harm to the brain, or psychological distress.
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Can I customize the arrangement of flowers for a birthday gift in Lahore?
Answer:
Yes, many flower delivery services in Lahore offer the option to customize the arrangement of flowers for a birthday gift Lahore, allowing you to create a unique and personalized gift.
Explanation:
1.Apply the SOSTAC model to ASOS and highlight why it has become
such a successful online fashion brand?
he SOSTAC model is a strategic planning framework that stands for Situation analysis, Objectives, Strategy, Tactics, Action, and Control.
Situation analysis: ASOS operates in the highly competitive and dynamic online fashion industry. It was founded in 2000 and has grown rapidly since then to become a global brand with a presence in over 200 countries.
Objectives: ASOS's objective is to become the go-to destination for online fashion shopping. It aims to provide its customers with a seamless and personalized shopping experience that caters to their unique style preferences.
Strategy: ASOS's strategy is centered on offering a wide range of products from its own label as well as other brands, at competitive prices. It also uses technology to enhance the customer experience by providing features like visual search, social media integration, and personalized recommendations.
Tactics: ASOS uses various tactics to execute its strategy, such as aggressive marketing campaigns, partnerships with influencers, and collaborations with other brands. It also invests heavily in technology to constantly improve its online platform and provide customers with a seamless shopping experience.
Action: ASOS regularly updates its product offerings, website design, and marketing campaigns to stay relevant and appeval to its target audience. It also actively engages with its customers through social media and other channels to understand their preferences and needs.
ASOS has become such a successful online fashion brand due to its effective execution of the SOSTAC model. Its focus on offering a wide range of products at competitive prices, using technology to enhance the customer experience, and actively engaging with customers has helped it establish a strong brand identity and a loyal customer base.
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What type of life insurance do employers usually offer as a benefit?
O whole life
O universal life
O 1-year renewable group term life
O 20-year Term life.
Answer:
1-year renewable group term life is the type of life insurance employers usually offer as a benefit.
Explanation:
Answer: C) 1-year renewable group term life
Explanation: Group with a one-year renewable contract Term life insurance is the sort of life insurance that most businesses provide as a perk.
MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$
To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.
MAKARO SUPERSTORE Balance Sheet As of 31 December, 2022Assets:
Plant and Machinery: $50,000
Debtors: $200,000
Cash: $20,000
Stock: $68,000
Motor Vehicles: $100,000
Bank: $35,000
Land and Building: $120,000
Bills Receivable: $60,000
Total Assets: $653,000
Liabilities:
Creditors: $100,000
Loan: $95,000
Interest on Loan: $3,000
Provision for Doubtful Debts: $7,000
Bills Payable: $20,000
Total Liabilities: $225,000
Equity:
Capital: $30,000
Total Equity: $30,000
Total Liabilities and Equity: $653,000
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Which management skill is needed most by top managers?
Leadership is needed to properly manage and help grow your company. You need to know how to help people and make employes grow under your management.
Representative money has value based on:
Representative money has value based on its representation or claims on a physical or tangible asset. It is a form of currency that is backed by something of intrinsic value, typically a commodity such as gold or silver.
The ability to trade or redeem representational money for the underlying asset it stands for gives it value. Representative money's value is based on the public's confidence in the issuer and their understanding that they may exchange it for the underlying asset. The value of the representative money may be impacted if there are any issues with the issuer's credibility or convertibility.
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17. Why was a fine levied by the Consumer Financial Protection Bureau against Wells Fargo in 2016?
O Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.
O Wells was selling their customers information to others
O The company was posting incorrect information about its customers to credit bureaus
O The company was given a lower rating by the CFPB.
Answer:
Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.
Explanation:
The employees were pressured by the bank mannagers to do this.
Answer: A) Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.
Explanation: Look at the image below.
A group of people that maintains a certain set of values, beliefs, language is best described by which
of the following terms?
A group of people that maintains a certain set of values, beliefs, language is best described by a. Culture
What is the people about?Culture is one that is made up of the collective principles, convictions, regulations, dialect, traditions, actions, and establishments that are embraced by a distinct community.
The essence of a particular society or community is formed and characterized by its shared identity, customs, and modes of existence. The transmission of culture across generations shapes the behavior, mindset, and outlook of individuals.
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A group of people that maintains a certain set of values, beliefs, language is best described by which
of the following terms?
a. Culture,
b. Ethnocentricity,
c. Social beliefs,
d. Institutional society.
In which situation would a saving account be the best investment to earn interest?
The situation that a saving account be the best investment to earn interest are:
Short-term goalsEmergency fundRisk aversion, etc.What is a saving account?For short-term financial goals and quick access to funds, choose a savings account - safe, liquid, and earns interest. An emergency fund is a safety net for unexpected expenses. Store it in a savings account for easy access and interest.
Choose a savings account for conservative investing. Insured by the government, providing extra protection." Saving for short-term expenses: If you have a specific expense coming up, like a vacation or a down payment, save accordingly.
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Would NASA’s decision-making conditions be considered certainty, risk, or uncertainty?
Explain.
NASA's decision-making conditions are a complex mix of risk, uncertainty, and some level of certainty, as they navigate the challenges of space exploration and strive to make informed and successful decisions.
NASA's decision-making conditions would most likely be considered a combination of risk and uncertainty. While NASA has extensive knowledge and experience in space exploration, there are still many variables that are unknown or unpredictable, such as weather patterns and the behavior of materials in space.
NASA must weigh the potential risks associated with each decision, such as the safety of astronauts and the financial costs, while also considering the uncertain outcomes of their choices. For example, when deciding whether to launch a spacecraft, NASA must consider the risks of mechanical failure, but also the uncertain outcomes of the mission itself, such as the success of scientific experiments or the discovery of new information.
However, NASA also has some level of certainty in their decision-making, as they have a wealth of data and information from past missions and experiments that can inform their choices. They also have a highly trained and knowledgeable team of experts who can provide insights and recommendations based on their expertise.
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Question 4 of 20:
Select the best answer for the question
4. Suppose you're asked to keep track of records within your company. Part of your job is to determine which records will be kept and which
O A. perpetual transfer
B. record retention control.
C. record retention transfer.
O D. record retention laws
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The best answer is record retention control. Option B
How to determine the records to be keptIn this scenario, your job is to determine which records will be kept and which ones will not. Record retention control refers to the process of managing and controlling the retention and disposal of records within an organization.
It involves establishing policies and procedures to determine how long records should be retained based on legal, regulatory, and business requirements. This ensures that records are kept for the appropriate duration and disposed of properly when they are no longer needed.
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