Answers
Answer:
$812.20
Explanation:
Given the following bond characteristic:
Coupon rate = 12%
Market or yield rate = 15%
Years to maturity = 20 years
Face or par value = $1000
Inputting the values into a bond value calculator, the bond value output is : $812.20
This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.
Related Questions
908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
Answers
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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Question 9 of 10
To pay down the principal on your student loan right away, you should:
Answers
To pay down the principal on your student loan right away, one should pay more than minimum amount expected to be paid with interest.
What is student loan?
An agreement whereby a college or university student borrows a bank's money to pay for their studies and then repays the loan once they have finished their studies and have begun working.
Reason
A loan payment that doesn't go toward the interest due on the loan but instead lowers the amount still owed on the loan.
What is principal loan?
The principal is the sum of money you initially promised to repay. The cost for borrowing the principal is interest. In general, any payment is made on a vehicle loan will be used to cover any outstanding fees first.
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Citee Corp. has no debt but can borrow at 6.7 percent. The firm’s WACC is currently 9.5 percent, and the tax rate is 24 percent. a. What is the company’s cost of equity? b. If the firm converts to 30 percent debt, what will its cost of equity be? c. If the firm converts to 60 percent debt, what will its cost of equity be? d-1. If the firm converts to 30 percent debt, what is the company’s WACC? d-2. If the firm converts to 60 percent debt, what is the company’s WACC?
Answers
1. The Practice of Management written by A. O Peter F Drucker B. O Terry C. O Louis Allan D. O Hendry Fayol
Answers
Based on 2 images which i have attached below answer the question plss
Answers
The journal entry to record the purchase of equipment on January 1 is :
Date Account Title Debit Credit
Jan. 1 Equipment $ 1, 280
Cash $ 1, 280
How to record equipment purchase ?Upon purchase of the equipment, an increase in assets is made through debiting the Equipment account with its total cost. A decrease in assets is then represented upon crediting the Cash/Bank account for the same amount which was used to cover the cost (i.e., cash or bank balance).
This means that we will debit Equipment for the amount of $ 1, 280 which was the cost of the equipment, then we credit the cash account for the same amount to show it has reduced.
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What should be done to remedy the situation on lacking communication skills internal and external ?
Answers
Any organization should strive to improve communication abilities on the inside as well as the outside. Both internally and internationally, an organization can work to develop communication skills, which will enhance collaboration, decision-making, and business results.
Give staff members the chance to grow professionally through communication training and development. This can involve coaching or mentorship programs, as well as workshops and lectures. Encourage open dialogue inside the company. Transparency, opportunities for criticism, and the development of a culture of trust and respect can all help with this.
By putting these methods into practice, businesses can enhance internal and external communication, which will foster more fruitful cooperation, better decision-making, and better business results.
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Mackenzie Company has a price of $38 and will issue a dividend of $ 2.00 next year. It has a beta of 1.3, the risk-free rate is 5.2%, and the market risk premium is estimated to be 4.9%. a. Estimate the equity cost of capital for Mackenzie. b. Under the CGDM, at what rate do you need to expect Mackenzie's dividends to grow to get the same equity cost of capital as in part (a)?
Answers
Answer and Explanation:
a. The computation of the equity cost of capital is shown below:
As we know that
Expected rate of return = Risk free rate + Risk Premium × Beta
= 5.20% + 4.90% × 1.30
= 11.57%
b. Now the rate at which the dividend should be grow is
Value of the stock = Expected dividend ÷ (cost of equity - growth rate)
$38 = $2 ÷ (11.57% - growth rate)
so, the growth rate is 6.31%
Is
2. write down two drawback of Newland
law of octares
Answers
Explanation:
Two drawbacks of newland 's law of octaves are:
1. It was applicable upto calcium only.
2 Newland' s assumed only 56 elements exist in nature and no more elements would be discovered.
At what percentage of credit card usage, does it start affecting your score in a negative way?
Answers
Answer:
3%
Explanation:
ratio of 80 or 90 percent or more highly negative impact on your credit score.
archana held a conference call with several clients which of the following statements is most true
Answers
The statement that is true about the conference call that Archana has made with the clients would be: Communication channels act as a medium for the flow of information.
What is communication?Communication is the process of exchanging information, ideas, or thoughts between individuals or groups through speech, writing, or other means of expression. It involves a sender who encodes a message, a medium through which the message is conveyed, and a receiver who decodes the message.
Effective communication requires that the sender and receiver have a mutual understanding of the message being conveyed. The purpose of communication can vary, including to inform, persuade, instruct, or entertain. Communication can take place between people face-to-face, over the phone, via email, or through other mediums.
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As CFO, one of your responsibilities is to maximize the profits obtained from your organization. How can the strategy review, evaluation and control practices used within your organization be used to assure this outcome
Answers
Answer:
The chief financial officer of an organization has the main objectives of maximizing the profits obtained from the organization. This is a task of great responsibility, and one that requires the joint efforts of the entire organizational system.
It is therefore necessary that there is constant management of the strategy, including review, evaluation and control, to monitor how the planned short and long-term action plans are being effective to achieve the financial objectives of a company.
A CFO's functions are to achieve total quality, through the improvement of organizational processes in the micro and macro environment of the company, aligning the company's strategy to achieve better results. Some essential actions of a CFO are to increase sales, reduce operating costs, achieve economies of scale, improve marketing, etc.
Which statement best summarizes the role of businesses in the flow of
goods?
O A. Businesses provide natural resources to product markets.
B. Businesses consume goods produced by households.
C. Businesses offer goods and services to consumers.
D. Businesses sell goods that are created in product markets.
Answers
Answer:
the answer is C
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
How do you measure GDP?
Answers
Explanation:
Measuring GDP: Approaches
Sajan Rai
How do you measure GDP?
Gross Domestic Product (GDP) is the most widely used measure of a country's economic output. It is calculated as the sum of all goods and services produced within a country's borders in a specific period of time, usually a year. There are three ways to measure GDP:
The production approach: measures the total value of goods and services produced within a country's borders.
The expenditure approach: adds up total spending on consumption, investment, government purchases, and net exports.
The income approach: sums up all the income generated by production, including compensation to employees, gross operating surplus, and taxes less subsidies.
Each approach should give the same GDP number, but the expenditure approach is most commonly used because it is the easiest to obtain data for.
Explanation:
Gross Domestic Product (GDP) is a measure of the total value of goods and services produced in a country over a specified time period, usually a year. There are three ways to measure GDP:
The production approach: This method measures GDP by adding up the value of all goods and services produced within the country's borders, regardless of who owns the factors of production.The expenditure approach: This method measures GDP by adding up total consumption, investment, government spending, and net exports (exports minus imports).The income approach: This method measures GDP by adding up the total income earned by all residents and businesses within a country's borders.Each of these methods should result in the same total amount of GDP, but the expenditure and income approaches are the most commonly used methods for calculating GDP.
neurons and some other specialized cells divide infrequently because they . neurons and some other specialized cells divide infrequently because they . can no longer bind cdk to cyclin show a drop in mpf concentration have entered into g0 no longer have active nuclei
Answers
They were transferred to GO They can't connect to cyclin anymore. They no longer contain signal molecule receptors and no longer contain active nuclei. The concentration of MPF has decreased.
What is a molecule, for instance?A molecule is the smallest unit of any material that is composed of one or more elements and is capable of existing independently while maintaining all of the substance's physical and chemical properties. Further atom division occurs within molecules. For instance, the atom and molecule of oxygen are represented by the letters O and Water vapour, respectively.
Explain what a molecule is.A molecule is the simplest unit of a chemical that keeps its content and properties. It is made up of two or maybe more atoms that are joined together by chemical bonds. The foundation are molecules.
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Which of the following financial institutions is a not-for-profit organization?
Commercial Bank
Commercial Bank
Credit Union
Credit Union
Savings and Loan
Savings and Loan
All of the these are correct since financial institutions do not make profits
Answers
Answer:
Credit Union
Explanation:
A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.
Like the financial services give to the members of the credit union
Therefore as per the given options, the second option is correct
Credit Union is a financial institution that is not for profit organization.
Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.Learn more about bank:
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Need help please, thanks!!!
Answers
The 1990 year net grain output is indicated by a blue bar, which is the minimum for Russia, therefore Russia must import to satisfy its needs; India and China must also buy some grain.
How much grain does Russia export to the rest of the world?Russia was one of the world's major grain exporters. Russia exported 45.3 million metric tons of grain in the 2019-2020 marketing year, including wheat, barley, and maize. Due to severe weather circumstances, this constituted a little decline from the previous year, but it still accounted for a considerable part of worldwide grain exports. Wheat was the most important contributor to Russia's grain exports, accounting for around 34.5 million metric tons transported overseas. Overall, grain exports from Russia constitute a significant source of revenue for the government and play an essential part in global food security.
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Clinic uses the direct method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Support, and two operating departments, Prenatal and Pediatrics. Service Departments Operating Department Personnel Support Prenatal Pediatrics Departmental costs $ 23,724 $ 44,400 $ 109,770 $ 298,910 Employee hours 5,000 1,000 25,000 20,000 Space occupied 3,000 2,000 35,000 7,000 Personnel Department costs are allocated on the basis of employee hours and Support Department costs are allocated on the basis of space occupied in square feet. The total Pediatrics Department cost after the allocations of service department costs is closest to
Answers
The total Pediatrics Department cost after the allocations of service department costs is closest to $316,869.
Total Pediatrics Department costEmployee Hours:
Total Allocation Percentage = 20,000/(25,000+20,000)
Total Allocation Percentage = 20,000/45,000
Total Allocation Percentage =0.44
Allocated cost for personnel = .44× $ 23,724
Allocated cost for personnel =10,544
Space Occupied:
Total Allocation Percentage = 7,000/(35,000+7,000)
Total Allocation Percentage = 7,000/42,000
Total Allocation Percentage = 0.167
Allocated cost for personnel =0.167×$44,400
Allocated cost for personnel =7415
Total Cost:
Total cost=$298,910+$ 10,544 +$ 7415
Total cost= $316,869
Inconclusion the total Pediatrics Department cost after the allocations of service department costs is closest to $316,869.
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1. Why is compliance fundamental in quality management (10marks)?
2. Is Success in an organization pegged on quality. Give reasons(10marks)
3. Discuss the cost of not achieving quality (10marks)
Answers
1. Compliance is fundamental in quality management as it ensures adherence to regulations, consistency, risk mitigation, and continuous improvement.
2. Success in an organization is closely tied to quality, as it impacts customer satisfaction, competitive advantage, cost reduction, and brand reputation.
3. The cost of not achieving quality can result in reputational damage, loss of customers, increased costs, and diminished employee morale.
Compliance is fundamental in quality management for several reasons:
a) Meeting Regulatory Requirements: Compliance ensures that an organization adheres to applicable laws, regulations, and industry standards.
This is crucial in industries such as healthcare, pharmaceuticals, and food production, where non-compliance can lead to legal consequences, financial penalties, reputational damage, or even harm to customers or patients. By maintaining compliance, organizations demonstrate their commitment to quality and safety.
b) Consistency and Standardization: Compliance with quality management systems, such as ISO 9001, ensures consistent processes, procedures, and product/service outputs. This reduces variations and improves reliability, which is essential for customer satisfaction and building a reputation for delivering high-quality products or services.
c) Risk Mitigation: Compliance helps identify and mitigate risks that could impact the quality of products or services. Through compliance audits, organizations can identify weaknesses, non-conformances, or potential areas of improvement, allowing them to take corrective actions and prevent quality issues or failures.
Success in an organization is indeed pegged on quality. Here are a few reasons:
a) Customer Satisfaction: Quality products or services meet or exceed customer expectations, leading to higher customer satisfaction and loyalty. Satisfied customers are more likely to become repeat customers, refer others, and contribute to positive word-of-mouth marketing, ultimately driving business growth and success.
b) Competitive Advantage: In today's competitive business landscape, organizations that deliver superior quality have a competitive edge. Quality becomes a key differentiator, attracting customers who value reliability, durability, and performance. This can result in increased market share, higher sales, and enhanced profitability.
c) Cost Reduction: High-quality products or services are associated with fewer defects, rework, and customer complaints. This translates to lower costs related to warranty claims, returns, and customer support. By focusing on quality, organizations can reduce waste, improve efficiency, and optimize their operations, leading to cost savings and improved financial performance.
The cost of not achieving quality can have significant implications for organizations:
a) Reputational Damage: Poor quality can lead to negative customer experiences, which can harm a company's reputation. News of quality issues, recalls, or safety concerns can spread rapidly through social media and impact brand perception. Rebuilding trust and repairing a damaged reputation can be costly and time-consuming.
b) Loss of Customers: Customers who experience poor quality are likely to switch to competitors who offer better quality products or services. This can result in a loss of market share, decreased revenue, and reduced profitability.
Acquiring new customers is generally more expensive than retaining existing ones, making customer retention crucial for financial success.
c) Increased Costs: Quality failures often lead to additional costs such as warranty claims, product recalls, legal disputes, and customer compensation. The cost of rework, scrap, and repairing damaged products can also escalate. These financial burdens can strain resources and impact overall profitability.
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Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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9. Is it ever okay to argue or disagree with your boss? Why?
Answers
Yes, Is it ever okay to disagree with your boss in a case whereby the ethics of the organization is not followed.
What is ethics?As it investigates what is morally right or wrong, just or unjust, ethics looks at the intellectual justification for our moral judgements.
The study of ethics, often known as moral philosophy, "involves systematizing, defending, and endorsing conceptions of good and bad action," according to Wikipedia. Axiology is a subfield of philosophy that consists of the fields of ethics and aesthetics. These fields are concerned with issues of value.
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Cushenberry Corporation had the following transactions.
1. Sold land (cost $8,320) for $10,400.
2. Issued common stock at par for $21,600.
3. Recorded depreciation on buildings for $13,800.
4. Paid salaries of $6,500.
5. Issued 1,000 shares of $1 par value common stock for equipment worth $9,600.
6. Sold equipment (cost $11,200, accumulated depreciation $7,840) for $1,344.
Required:
For each transaction above, prepare the journal entry.
Answers
Explanation:
1) Sold land (cost $8,320) for $10,400.
Explanation:
1. Sold land (cost $8,320) for $10,400.
Shores Sports rents canoes and kayaks. Below is the adjusted trial balance at December 31.
Debit Credit
Cash 1,500
Accounts Receivable 2,000
Interest Receivable 100
Prepaid Insurance 1,600
Notes Receivable (Long-Term) 2,800
Equipment 15,000
Accumulated Depreciation 3,000
Accounts Payable 2,400
Accrued Expenses Payable 3,920
Income Taxes Payable 2,700
Unearned Rent Fees 500
Common Stock 7,700
Dividends 2,000
Rental Revenue 37,000
Service Revenue 1,300
Wages Expense 19,000
Depreciation Expense 1,800
Utilities Expense 320
Insurance Expense 700
Maintenance Expense 9,000
Income Tax Expense 2,700
58,520 58,520
The entry required to close the revenue and expense accounts at the end of the period includes a:
a) credit to Retained Earnings for $4,780.
b) credit to Retained Earnings for $38,300.
c) debit to Retained Earnings for $4,780.
d) debit to Retained Earnings for $38,300.
Answers
Answer:
A) credit to Retained Earnings for $4,780.
Explanation:
Temporary accounts (includes all revenues and expenses) must be closed against the income summary account. Then the income summary account is closed against retained earnings, and depending on whether the company made a profit or not, the retained earnings account will be debited or credited.
In this case, the net income after taxes is $4,780, so that means that retained earnings will increase (should be credited), so the closing journal entry should be:
Dr Income summary 4,780
Cr Retained earnings 4,780
Rental Revenue 37,000
Service Revenue 1,300
Wages Expense (19,000 )
Depreciation Expense (1,800 )
Utilities Expense (320 )
Insurance Expense (700 )
Maintenance Expense (9,000 )
Income Tax Expense (2,700)
net income after taxes $4,780
July 1 purchased 6,300 of merchandise on credit from tahoe company invoice dated june 30, terms 2/10, n/30
Answers
Product Inventory -$6,300 debit
Invoices Payable -$6,300 credit
Which inventory do you refer to?All the materials, products, and other items that a company keeps on hand with both the goal of reselling these for a profit are collectively referred to as inventory. As an illustration, merely the item will indeed be considered inventory if a newspaper seller uses a van to distribute newspapers to clients.
What does inventory actually imply at work?Inventory consists of goods or resources that a business intends to resale to customers at a profit. Merchandise management, a key element of the supply chain, involves tracking inventory from manufacturers through storage and from these places to a point of sale.
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Write a short message/email/memo based on the following case scenario - As head of the occupational health and safety committee at your workplace, you are concerned about the practice of stocking employee kitchenettes with free coffee and cookies. Lately, you have begun to notice that stressed out employees routinely skip lunch and instead grab handfuls of cookies to eat at their desks. While you understand the necessity for the quick snacks, you feel that there is room in the budget to provide healthier alternatives to these high-fat, carbohydrate-laden snacks. In fact, your committee voted in favour of this but you feel some employees will resist this and be upset to lose the cookies and coffee. -- Now, write a short message/memo/email to all staff announcing that, effective next month, kitchenettes will be stocked with a selection of fresh fruit, whole-grain snacks, and spring water instead of the usual cookies and coffee. Consider which approach you should use -- direct or indirect -- before you write it.
Answers
Answer:
You know that your not supposed pile your home work on this program? It’s unconstitutional.
Explanation:
what are the two aspects of the evaluation process in Step 5 for Taking Marketing Action? Why is this important
Answers
The two aspects of the evaluation process in Step 5 for Taking Marketing Action are:
Implementation and control. They ensure that the entrepreneur is following through on his plans.What are the required steps?The required steps for taking marketing action are: stating a mission, analyzing the situation in question, drawing a plan, stating the marketing mix, and then implementing and establishing controls.
The last two steps are important because they help to ensure that the drawn plans are followed to the teeth. They also help the entrepreneur to remain on track while trying to establish a workable structure.
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Which statement describes gross income?
A.The take-home pay after taxes but before benefits are deducted.
B. The amount left after taxes and benefits are deducted.
C.The total amount of earned salary or wages.
D. The total amount of your paycheck.
Answers
The earned salary or wages paid to an employee by a company for work done before necessary deduction like Tax is termed "Gross Income".
Let understand that "Gross income" in this context refers to salary or wage collected by workers, not one used in preparation of Income Statement for a month or year ended.
Usually, the amount that an employee or labor is entitled to, for his services to an organization or institution is termed Gross Income.After necessary deductions by the employer for Taxes, Insurance, Benefit etc, then, the remaining amount paid to the employee is known as Net Income.In conclusion, the total amount of earned salary or wages best described the Gross Income.
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Answer:
D
Explanation:
Northern Star sells several products. Information of average revenue and costs is as follows: Selling price per unit $20.00 Variable costs per unit: Direct material $4.00 Direct manufacturing labor $1.60 Manufacturing overhead $0.40 Selling costs $2.00 Annual fixed costs $96,000 The company sells 12,000 units at the end of the year. 7) If direct labor and direct material costs increase by $1 each, contribution margin ________.
Answers
Northern Star sells several products. Information of average revenue and costs. The contribution margin per unit is $ 12.
What do you mean by the contribution margin?A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
The selling price per unit less the variable cost per unit is the contribution margin.
Here,
Calculation of contribution margin:
Total Variable cost = Direct material + Direct manufacturing labor + Manufacturing overhead + Selling costs
Total Variable cost = 4 + 1.60 + 0.40 + 2
Total Variable cost = 8
Contribution margin per unit = Selling price - Total Variable cost
Contribution margin per unit = $ 20 - $8
Contribution margin per unit = $12
Therefore, Northern Star sells several products. Information of average revenue and costs. The contribution margin per unit is $ 12.
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Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system.
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Answer:
the numbers are missing, so I looked for a similar question:
Purchases Sales Units Unit Cost Units Selling Price/Unit
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/4 Sales 60 $80
3/10 Purchase 200 $55
3/16 Sales 70 $90
3/19 Sales 90 $90
3/25 Sales 60 $90
3/30 Purchase 40 $60
the requirements are:
calculate COGS and ending inventory under FIFO, LIFO and weighted average.
since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/10 Purchase 200 $55
3/30 Purchase 40 $60
total goods available for sale = 400 units, at a total cost of $20,400
total units sold = 60 + 70 + 90 + 60 = 280 units
ending inventory = 120 units
under FIFO:
ending inventory = (40 x $60) + (80 x $55) = $6,800
COGS = $20,400 - $6,800 = $13,600
under LIFO:
ending inventory = (100 x $40) + (20 x $50) = $5,000
COGS = $20,400 - $5,000 = $15,400
under weighted average:
ending inventory = ($20,400 / 400) x 120 = $6,120
COGS = $20,400 - $6,120 = $14,280