the following information was drawn from the year 1 accounting records of ozark merchandisers: inventory that had cost $20,400 was sold for $36,720 under terms 2/20, net/30. customers returned merchandise to ozark five days after the purchase. the merchandise had been sold for a price of $1,254. the merchandise had cost ozark $760. all customers paid their accounts within the discount period. selling and administrative expenses amounted to $3,672. interest expense paid amounted to $290. land that had cost $6,900 was sold for $8,625 cash. required a. determine the amount of net sales. b. prepare a multistep income statement. c. where would the interest expense be shown on the statement of cash flows? d. how would the sale of the land be shown on the statement of cash flows?
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C) Interest expense should under Cash flow from operating activities
D) Sale of land shown in Cash flow from investing activities $8625
What is Cash flow?
Cash flow refers to the quantity of cash or money that a corporation gets or expends as payment(s) to creditors. Cash flow analysis is frequently used to assess a company's liquidity condition. It provides a depiction of the amount of cash going into the business, where it is coming from, and how much is leaving. As previously stated, cash flows can be either positive or negative. It is computed by deducting the cash amount at the start of a period, also known as the opening balance, from the cash position at the conclusion of the period (which could be a month, quarter, or year), also known as the closing balance.
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Related Questions
holly took a prospective client to dinner at a restaurant, and after agreeing to a business deal, they went to the theater. holly paid $370 for the meal and separately paid $218 for the theater tickets, amounts that were reasonable under the circumstances. what amount of these expenditures can holly deduct as a business expense?
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The amount of these expenditures can holly deduct as a business expense is $185
The cost of entertainment is not deductible ($370 × 50% = $185).
Costs incurred in the regular course of business are referred to as business expenses. They can be used by both big and small businesses. The income statement includes expenses related to the business. To determine a company's taxable net income, business expenses are deducted from revenue on the income statement.
Deductions for office supplies, credit card processing costs, tax preparation costs, and equipment and property upkeep are also available. Still, you can write off a portion of other company costs by depreciating them or amortizing them over a period of time.
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what can be said of the last few centuries? multiple select question. nominal gdp grew slower than inflation nominal gdp grew faster than population nominal gdp grew slower than population economic growth exceeded population growth nominal gdp grew faster than inflation
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Over the last few centuries, the growth rate of the economic noted to be increased at a faster rate than population growth. Thus, option (d) ‘economic growth exceeded population growth’ is the correct answer.
Economic growth refers to an increase in the quality and quantity of the economic goods and services that are produced and consumed in a society. While population growth describes the rate of increase in the number of humans. The data analysis of the last few centuries reveals the rate of economic growth has increased more than population growth.
That is not somehow good for efficient economic development. It is because economic growth and population growth tend to be correlated in that higher population growth rates lead to higher economic growth rates; since a large population has the potential to produce more goods and services.
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a construction company recognizes revenue from construction contracts over time using the input method based on costs incurred. it reports the following: year 1 year 2 construction costs $100 $200 estimated cost to complete at year-end 300 0 the contract price is $1,000. what is the profit recognized in year 2? $400 $800 $150 $550
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$400 is the profit a construction company recognizes revenue from construction contracts over time using the input method based on costs incurred.
The answer is option A.
Total construction cost = $200 + $100 + $300
Contract prize = $1000
Profit = Contract prize - Total construction cost
Profit = $1000 - $600 = $400
Sales from price plus contracts is regarded through reference to the recoverable expenses incurred throughout the length plus the fee earned, measured through the share that charges incurred up to the reporting date endure to the predicted total costs of the agreement. A construction contractor has a hard and fast rate contract for Rs.
Multiply general estimated contract sales by way of the predicted completion percent to reach the entire quantity of revenue that can be recognized.
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minimizing inventory by providing an almost continuous flow of items from suppliers to the production facility is referred to as multiple choice flexible scheduling. artificial intelligence. just-in-time inventory management. contract-manufacturing. a continuous-manufacturing system.
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minimizing inventory by providing an almost continuous flow of items from suppliers to the production facility is referred to as just-in-time inventory management.
In order to ensure that raw materials arrive at the precise moment that manufacturing is meant to begin, but not sooner, just-in-time inventory management requires close cooperation with suppliers. Just enough inventory must be kept on hand to satisfy demand.
A company that sells office furniture but does not make it, for example, might only order the furniture from the producer once a customer makes a purchase. The maker sends it directly to the customer. The cost of the store's inventory storage has decreased.
A just-in-time system has a consistent production pace, small lot sizes, closer supplier relationships, high product quality, quick and inexpensive setups, adaptable facilities, a multiskilled workforce, efficient maintenance, and ongoing quality control.
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gas prices recently increased by 25%. in response, purchases of gasoline decreased by 5%. based on this data, the price elasticity of demand for gas is:
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The price elasticity of demand for gas will be 0.2
According to the law of demand, the quantity demanded of a product falls with an increase in its price and vice versa. The percentage of the quantity of demand because of the stated increase in the price is measured using the price elasticity of demand.
In the given question, the quantity of demand decreases by 5%, and the prices increase by 25%. To calculate the price elasticity of demand, we have the formula:
=> [tex]E_{d} = \frac{Percentage of change in quantity of demand}{Percentage of change in price}[/tex]
=> [tex]E_{d} = \frac{5}{25}[/tex]
=> [tex]E_{d} = 0.2[/tex]
Hence, we get the price elasticity of demand for gas as 0.2
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a county has an external investment pool for cities in the county to invest excess resources. the city makes a distribution to participants in the pool-that is, the cities that have invested in the pool-in the amount of $20,000. which account should be debited when the cash distribution is made
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If a county has a separate investment pool where surplus funds from the county's cities might be put, the investment in the pool-cities account should be deducted when the cash distribution is made.
Using investment pools, agencies and organizations can pool and concentrate extra money from multiple departments and programs for use in investments. Participants in the investment pool are the departments and programs that contribute their surplus funds. To track cash distribution capital transfers inside the investment pool, each member is given a unique account number.
Similar to a portfolio manager, an investment pool administrator arranges the pool and oversees the investments of the fund. Either the administrator of the investment pool or a third-party investment cash distribution manager makes investments with the money in the investment pool. Only the investment manager's contact details are stored by the system.
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The complete question is
A county has an external investment pool for cities in the county to invest excess resources. The city makes a distribution to participants in the pool-that is, the cities that have invested in the pool-in the amount of $20,000. Which account should be debited when the cash distribution is made? Select one:
a. Accounts payable
b. Deductions-distributions to pool participants
c. Due to other governments
d. Investment in pool-cities
a small employer must have atleast 2 but no more than 50 workers activelt engaged in buisness for at least how many of the working days during the preceding calander quarter?
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A person, firm, corporation, partnership, or organization is considered a "small employer" if it is actively conducting business and employed no more than 50 qualified workers, the majority of whom were based in this State, on at least 50% of its working days during the preceding calendar quarter.
Describe small employers.1 to 100 employees, the majority of whom were employed within this state, on at least 50% of its working days during the preceding quarter or prior calendar year. 1357.500(k) of the California Health & Safety Code (2018). Full Time Equivalent (FTE), as well as California Health & Safety Code Section 1357.500 (c) (2018).A Look At The Affordable Care Act : Only small firms, often those with fewer than 50 full-time employees, including full-time equivalent employees, are subject to some terms of the Affordable Care Act, or health care law.If you have at least one but no more than 100 eligible employees and satisfy certain contribution and participation conditions, you may be eligible for Covered California for Small Businesses.A small business is defined as a corporation, partnership, or sole proprietorship that is privately held, has fewer employees than a corporation or regular-sized business, and generates less revenue annually. Small businesses might be corporations, partnerships, or sole proprietorships.To Learn more About small employer refer to:
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Name two reasons that putting extra money from a part-time job into a roth ira might be more beneficial than putting it into a savings account.
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Two reasons that putting extra money from a part-time job into a roth ira might be more beneficial than putting it into a savings account are:-
You do not get an up-the front tax damage (such as you do with conventional IRAs), but your contributions and earnings develop tax-free. Withdrawals during retirement are tax-free. There aren't any required minimal distributions (RMDs) in the course of your lifetime, which makes Roth IRAs perfect wealth transfer cars.A savings account is a simple sort of monetary product that allows you to deposit your cash and generally earn a modest quantity of interest. these debts are federally insured as much as $250,000 in line with account owner and offer a secure region to place your money at the same time as earning interest.
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What is the term for the amount of money you need to pay toward expenses before your insurance will cover the rest?.
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Deductibles is the term for the amount of money you need to pay towards the expenses begore your insurance will cover the rest.
What are Deductibles?In an insurance policy, the term deductibles refer to the term in which the amount is paid by the policy holders before the expenses paid by the insurance provider. Deductibles may be described as several types of clauses used by the insurance companies for policy payments.
What are Deductibles in Health Insurance?Deductibles in health insurance is the amount paid before the health company begins to be paying up the claim amount, The types of deductibles in health insurance are Voluntary,Comprehensive, and Cumulative deductibles
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three years ago, you invested in the future investco mutual fund by purchasing 1,000 shares of the fund at a net asset value of $30.00 per share. because you did not need the income, you elected to reinvest all dividends and capital gains distributions. today, you sell your 1,100 shares in this fund for $32.67 per share. what is the compounded rate of return on this investment over the 3-year period?
Answers
(200 x 0.92) + (200 x 0.80) + (200 x 29) = $6144
6144 - (200 x 23) = $1544 total return is the compounded rate of return on this investment over the 3-year period.
Investment is the determination of cash to buy an asset to gain an increase in price over a time period. Funding calls for a sacrifice of a few present assets, along with time, money, or attempt. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (income) or a loss found out from the sale of assets or funding, unrealized capital appreciation (or depreciation), investment profits together with dividends, interest, condo income, or a combination of capital advantage and earnings. The return may consist of forex profits or losses because of modifications inside the overseas currency trading fees. Buyers normally anticipate higher returns from riskier investments. When a low-risk investment is made, the return is also commonly low.
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what is true for consumers when they choose how much to consume of a good? a. as the quantity consumed of a product rises, total utility rises, but marginal utility falls. b. as the quantity consumed of a product rises total utility falls, but marginal utility rises. c. as the quantity consumed of a product rises marginal utility rises. d. as the quantity consumed rises, total utility falls.
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The correct answer will be (a), as the quantity consumed of a product rises, total utility rises, but marginal utility falls.
The additional pleasure a consumer experiences from obtaining one additional unit of a good of an item or service is known as marginal utility. Economists employ the idea of marginal utility to predict the amount of something that customers will purchase.
When the total utility is enhanced by the intake of an additional item, positive marginal utility occurs. On the other side, negative marginal utility occurs whenever the overall utility is decreased by the consumption of one additional unit. Whenever the unit consumed by consumers rises, total utility rises whereas marginal utility falls.
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the ricardian model of international trade demonstrates that trade can be mutually beneficial. why, then, do governments restrict imports of some goods?
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The ricardian model of international trade demonstrates that trade can be mutually beneficial. Trade can have substantial effects on a country's distribution of income.
What is Trade?Trade is the spontaneous exchange of goods or services between various economic agents.Neither party is obligated to bargain, so a deal will only occur if both parties deem it to be in their own interest, resulting into ricardian model.Suppose there are two friends, Liam and Henry. Henry has food but needs wool, and Liam has wool but needs food. So Liam and Henry trade food for wool, Liam gets food and Henry gets wool, and both are happy.According to ricardian model, the term trade or commerce generally includes any activity undertaken to generate income from the sale of goods or the provision of services.It is not limited to the consolidated aggregation of the assets, activities and goodwill that make up the entity as defined in certain other provisions of the Internal Revenue Code.To learn more about trade from the given link :
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A toy maker is running a television advertisement for its new Super Soaker water gun. What kind of advertising would this be an example of?
institutional advertising
product advertising
word of mouth advertising
social media advertising
Answers
Product advertising is the kind of advertising would this be an example of. Hence, option B is correct.
What is Product advertising?Product advertising is advertising for particular products as opposed to brand advertising. These advertisements place more emphasis on selling products based on their features and advantages than on building brand awareness or brand reputation.
The three types of product advertising are comparative, competitive, and innovative. Enlarge your clientele. raise brand and company recognition among consumers. Highlight the benefits of your products or services. Give information about your business.
Products advertising is a type of sponsored communication in which a company communicates with clients through a communication channel in an effort to persuade them to purchase its goods.
Thus, option B is correct.
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your company's total sales revenue for the month is $150,000; the costs to produce your products are $12,000 for rent, $6,000 for utilities, and $42,000 for employee wages. what is your accounting profit?
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When the total sales revenues for the month is $150,000, and the costs undergone for such revenues are $12,000; $6,000, and $42,000 over different heads, the total accounting profits for the month will be $90,000.
What is the significance of accounting profits?
The accounting profits of an organization can be referred to or considered as the surplus benefits of differences between the revenues of the organization and the costs that are undergone for such accounting period.
For the conditions and costs given above, the accounting profits for the firm will be,
Accounting Profits = Total Revenues – Total Costs
Accounting Profits = 150000 – (12000+6000+42000)
Accounting Profits = $90,000.
Therefore, the accounting profits for the company for the given costs and revenues will be $90,000.
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g what is the efn if the firm wishes to keep its debt-equity ratio constant? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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Revenue growth can maintain the ratio's stability. As sales rise, you reinvest the money in the business by buying assets or settling debt. By raising equity, this lowers the debt to equity ratio.
The rate of growth of a company's assets and sales should be equal. If the anticipated sources of funding matched the amount needed, there would be no. The will decrease if there is a smaller correlation between any of the impulsive assets and sales. For instance, if the business expands, improved inventory control will lower the inventory to sales ratio and the . The debt-to-equity (D/E) ratio demonstrates how much equity and debt are being used by a company to finance its assets. The D/E ratio indicates how much a shareholder's In the event that a business fails, equity may be used to satisfy debts to creditors. (A) The debt ratio is 0.32, or the debt to equity ratio.
Debt = 0.32* Equity Debt = 0.32* Equity/0.68 = 0.32/0.68 * Equity. Debt = 0.32* Equity.
(0.32/068*Equity)/Equity is the debt to equity ratio.
Ratio of debt to equity: 0.32/0.68 = 0.47
Debt-Equity Ratio (0.47 to two decimal places)
Equity multiplier equals 1 + debt - equity equals 1+0.47 equals 1.47 (B).
Equilibrium multiplier is 1.47. (Rounded to 2 decimals)
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the rlx company just paid a dividend of $3.20 per share on its stock. the dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. if investors require a return of 10.5 percent on this stock, what is the current price? what will the price be in three years? in 15 years?
Answers
It is the cost at which a share of stock or other security last traded. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a subsequent transaction involving that security.
Explain about the current price of the stock?The idea behind current value accounting is that assets and obligations should be valued at what they may be sold for or settled as of the current date.
The stock of the corporation is currently trading at $51.20.
The constant dividend growth model is the formula that can be used to calculate the stock price.
Cost = d1 / (r - g)
The formula for determining the next dividend to be paid is: d1 = current dividend paid x (1 + growth rate) = $3.20 x (1.04) = $3.328
R is the equity cost.
g = rate of growth
Price = $3.328 / (10.5 - 4)
$3.328 / 0.065 = $51.20
The current price is $51.20
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
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It is anticipated that the widespread use of electric propulsion technology will radically alter the automobile industry, enabling environmentally friendly transportation and opening up new commercial prospects for firms. Electric current from electric vehicle batteries, which are both used and stored, is what electric cars (EVs) use (EVBs). Unfortunately, the performance of lithium-ion chemistry-based EVBs degrades over time and with use as a result of calendar aging and cycle aging (Ebner et al. 2013).
After 6 to 8 years of operation, or at least 100,000 miles or 160,000 km of travel, automotive manufacturers anticipate that an EVB will reach the end of its first life (e.g., BMW AG 2016; Nissan North America Inc. 2016). The original driving range, acceleration, and charging speed of the EV are then restored when an EVB is replaced.
Since most removed EVBs still have between 70% and 80% of their useable capacity left, repurposing and using them in new second life applications may prove to be a practical way to increase revenue (Neubauer et al. 2015; Ahmadi et al. 2017). According to Elkind (2014), these income can help offset the high upfront expenses of EVs, up to 25% of which are now covered by the EVB (Nykvist and Nilsson 2015).
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what is your assessment of jonah's definitions of throughput, inventory, and operation expense as measures of plant performance? what are the applications in the services and non-profit sectors?
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These were Jonah's three measurements:reducing, inventory and operational costs while simultaneously increasing throughput.Advertising, public relations, and fund-raising are just a few examples of non-profit sector. Housekeeping, tour guides, nursing, and teaching are all examples of jobs in the service sector.
what are inventory , throughput and operation expenses?
The money spent on products that will sell once they are ready is called inventory.
Throughput is generating revenue from sales.
Last but not least, a company's production costs are referred to as operational expenses.
what are non profit and service sectors?
The effective use of marketing strategies to advance the goals and objectives of non-profit organizations is referred to as nonprofit marketing.
The third tier of the three-sector economy is the service sector, also known as the tertiary sector.This industry produces services like maintenance and repairs, training, and consulting rather than products.
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you purchase a new car (produced this year) for $38,000. after six months, you sell the car for $31,500. how much does gdp rise because of these two transactions?
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For $38,000, one person bought a brand-new automobile that was made this year. The automobile was sold for $31,500 after six months. Due to these two trades, the GDP increased by $38,000.
What does transaction mean?
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction.
In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. The definition of a simple transaction model is an economic interdependence model that includes a matrix of transactions.
Along with a matrix of independent responses or injections and a matrix of dependent responses under the premise that the distribution of outgoings is dependent on the sum of incomings.
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the electricity bill at padco was driven solely by the lights throughout the office; everything else was driven by alternative energy sources. the office was open roughly 8 hours a day, five days a week and the cleaning crew spent about the same amount of time in the offices each week night. the kilowatt hour usage for the office was best described as a:
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The kilowatt hour usage for the office was best described as a horizontal demand curve.
Demand that is completely elastic is illustrated by a horizontal demand curve. In other sense, consumers would only buy the good at a particular price and will make no transactions whenever the price is higher.
In a market with perfect competition, each firm's demand curve is horizontal since supply and the market's demands determine pricing. Companies are price takers as a consequence. Customers won't be motivated to buy from a company that attempts to charge higher than the going rate in the marketplace. If your price is even a little bit higher, they won't see any incentive to buy from you.
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if a farm has nfio of $100,000, and an opportunity cost total of $25,000, what is the farm's return to equity? (round to the nearest cent. do not include commas or dollar signs) selected answer: 75000 correct answer: 75,000 answer range /- 0 (75000 - 75000 )
Answers
The return to equity is $75000
Another form of financial ratio is the return on equity. Financial ratios are data taken from a firm's financial statements and used to predict and draw specific conclusions about the organization.
Relative return on equity is a tool used to forecast a company's profitability. It evaluates how effectively people employed in any business have used the money that has been invested.
Since the farm has Nfio of $100,000 and an opportunity cost total of $25,000.
Therefore,
Return on equity -
Net Farm Income from Operations - Opportunity cost
= 1,00,000 - 25,000
= 75,000
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which choice best reflects why some people consistently make bad investmets
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explanation: because all of the answers reflect why some people make bad investments
materials costs $112,900 conversion costs $93,900 the ending inventory was 85% complete with respect to materials and 30% complete with respect to conversion costs. note: your answers may differ from those offered below due to rounding error. in all cases, select the answer that is the closest to the answer you computed. to reduce rounding error, carry out all computations to at least three decimal places. the cost per equivalent unit for materials for the month in the first processing department is closest to:
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Equivalent units quantify the amount of labor put into a set quantity of tangible objects. You can simply multiply the quantity of physical goods by the amount of effort done on them to determine equivalent units. You would have one comparable unit for two objects that are 50% complete (2 x 50% = 1).
Explain about the equivalent unit?
Given the amount of direct materials, direct labor, and manufacturing overhead costs incurred during that time for the products that weren't yet completed, it is the number of finished units of a product that a corporation could have hypothetically produced.
The total of the costs added during this period and the initial work-in-progress costs divided by the equivalent units is the cost per equivalent unit. A corporation might have produced a certain number of equivalent units with a specific amount of raw materials, labor, and manufacturing costs.
For instance, if the materials for 500 units are finished, but only 40% of the direct labor and manufacturing overhead are finished, the comparable units are 500 for materials and 200 (40% of 500).
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which one of the following is a positive economic statement? group of answer choices thoughtful people oppose an increase in the minimum wage. social justice will be served by increasing the minimum wage. an increase in the minimum wage will reduce employment for teenagers. the minimum wage should be increased
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An increase in the minimum wage will reduce employment for teenagers is a positive statement.(OPTION A)
Minimum Wage: An employee may not legally sell their labour for less than the minimum wage, which is the lowest compensation a business may pay their staff. By the turn of the 20th century, minimum wage laws were in place in the majority of nations.
As of October 1, 2022, the wages of unskilled workers will increase from INR 16,506 to INR 16,792, those of semi-skilled workers from INR 18,187 to INR 18,499, and those of skilled workers from INR 20,019 to INR 20,357, according to a statement from the Delhi government.
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because of the poor publicity at a fellow franchise location, you notice that sales at your location have decreased. the impact of the poor publicity on your company is referred to as
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A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
When your lucrative franchise collapses outright?Getting managerial and marketing know-how from the franchisor is one of the benefits of a franchise. The coattail effect is what happens when your profitable franchise falls merely as a result of other franchisees failing.Being undercapitalized is one of the main reasons why a franchisee fails. A slow start-up or the franchise operation needing more working capital than what was declared in the franchise disclosure agreement can both contribute to a lack of adequate working capital.In the event that a franchisor goes bankrupt or fails in some other way, a franchisee often has no rights under a franchise agreement. In most cases, only the franchisor has the authority to end the franchise agreement if the franchisee experiences financial difficulties such as insolvency or bankruptcy.The ideal solution for a franchise that is struggling is frequently for the franchisee to sell the company to a third party who then takes over as the new franchisee for that region. Due to this, the failed franchisee may end its compliance with the terms of the franchise agreement and any lease.To Learn more About franchise refer to:
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true or false: networking uses technology, such as a company intranet, to link organizations and their suppliers to allow them to work together for a common goal.
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The four sorts of hierarchical designs are practical, multi-divisional, level, and lattice structures.Circular, team-based, and network structures are additional options.
Which of these are thought to be drawbacks of centralized power?The tendency to stifle creativity and innovation, making it difficult for an organization to adapt to change, is one of the disadvantages. Low-level employees' levels of job satisfaction and organizational commitment may also suffer as a result of centralized authority.
Restructuring is the process of redesigning an organization so that it can better serve its clients.
Functional. The most common strategy is a functional structure. It calls for putting people who perform similar tasks in the same category together.
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ust paid a dividend of $3.52per share. dividends are expected to grow at 4% per year. if the discount rate is 7%, what is the stock worth today?(4points)
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Typically derived from the company's net profits, a dividend is a payment provided to shareholders in exchange for their equity investment in the company. Currently, the U.S. stock market has a total market value of $46,460,463.2 million (September 30th, 2022).
Explain about the dividend?
A stock dividend is a dividend payment that is delivered to shareholders in shares as opposed to cash. The benefit of the stock dividend is that it rewards shareholders without dipping into the company's cash reserves.
Cash dividends, stock dividends, property dividends, and liquidation dividends are the four different forms of dividends. The cash dividend is distributed in a straightforward manner in the form of cash. The payment of the dividend boosts the shareholders' faith in the company's financial performance.
They are compensated from the company's earnings and profits. Dividends can be categorized as qualified or ordinary. Ordinary dividends are taxed as ordinary income, but qualified dividends that satisfy specific criteria are subject to capital gains tax at a lower rate.
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gravity is a successful and popular ice cream parlor in the community. it sells a variety of soft-serve and hard ice cream flavors. its main competitor, dairy twist, is also popular. in addition to offering its customers a robust menu of soft-serve and hard ice cream flavors, it offers a menu of local seafood snacks, which customers love. if gravity were to research whether to add similar food items to its menu, what should it do first?
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The first thing that Gravity must do is Market research to acquire the right kind of data to decide whether Gravity should expand its menu or whether customers want them.
Market research is a systematic attempt to collect as much information as possible about target market segments and consumers, beginning with knowing who they are. Market research is a crucial component of the company's strategy and a critical part in keeping competitiveness. The requirements of the marketing, the market structure, market segments and the rivalry are all identified and investigated with the assistance of market research. Its techniques include both subjective ones, like focus group discussions, in-depth conversations, and ethnography, and statistical ones, such questionnaires and secondary research.
Gravity must do detailed market research to understand whether there is need to add extended menu or not.
The complete question is here:
gravity is a successful and popular ice cream parlor in the community. it sells a variety of soft-serve and hard ice cream flavors. its main competitor, dairy twist, is also popular. in addition to offering its customers a robust menu of soft-serve and hard ice cream flavors, it offers a menu of local seafood snacks, which customers love. if gravity were to research whether to add similar food items to its menu, what should it do first?
(a) Come up with a plan to uncover whether to add food items to its menu or whether its loyal customers want these items.
(b) Analyze primary research data to inform whether Gravity should expand its menu or not.
(c) Acquire the right kind of data whether Gravity should expand its menu or whether customers want them.
(d) Come up with actions steps for Gravity to expand its menu.
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you have been the project manager on a large, high-profile, three-year project in a highly projectized organization. you have had a great team that has been together since the beginning. by all key measures, the project was a success. it will be tough to close out the project. who is the best choice to close out the project and why?
Answers
The project should be closed as soon as its objective is completed and it's the organization's responsibility to do so. This will help the team to work on new projects and is important for the growth of the team on a group level.
The Organisation's leaders should close the project after the completion of its objective. It's their responsibility because the team represents the firm. Authorities that are best choices to close the project are:
The project manager is closest to everyone and will be very efficient in order to release the resources.The Termination manager should process the closing of a project in order to audit the work of the project team.The Company Management should take over the project once the objective of the project is completed for the team which is assigned to them. This will help them work on new projects.To know more about Project Management, Click here:
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without having a plan in place, managers may focus only on instead of keeping a long-range view and anticipating new opportunities. multiple choice question.
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Without having a plan in place, managers may focus only on whatever in front of them instead of keeping a long-range view and anticipating new opportunities.
The management task of planning include deciding on a course of action for reaching goals and creating objectives. It is critical for managers to foresee future situations and be aware of current environmental factors affecting their firm. Additionally, effective decision-making is essential of managers.
Setting objectives, or declarations of what must be performed and by when, is a must for planners. The next step for planners is to decide on other strategies for reaching goals. Planners must choose the appropriate actions to take in order to accomplish goals after weighing the numerous choices. They must then decide on the essential actions and make sure that plans are carried out successfully. Finally, planners must continuously assess the effectiveness of their plans and make required corrections.
The complete question is, "Without having a plan in place, managers may focus only on _____ instead of keeping a long-range view and anticipating new opportunities.
A. competitors' movements
B. emerging opportunities for expansion
C. overall company strategy
D. whatever is in front of them"
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