The first thing which a business should evaluate is the financial implications of each decision during the process of decision making. This is because businesses need to ensure that their decisions are financially viable and will not lead to a loss of profits or resources in the future.
Additionally, businesses need to ensure that their decisions will be profitable and will lead to long-term success. By evaluating the financial implications of each decision, businesses can make the informed decisions and this will be beneficial to the company in the long run.
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+ 2(x – 3) – 5x Which expression is equivalent to the expression shown? –3x – 4 –3x – 1 –x – 12 –x – 3
According to the information, we can infer that the expression equivalent to 2(x – 3) – 5x is -3x - 12.
Which expression is equivalent to the expression shown?According to the information, we can infer that none of the options is correct. In this case to calculate the correct expression equivalent to the expression shown we have to simplify the given expression, we apply the distributive property by multiplying 2 with the terms inside the parentheses:
2(x – 3) = 2x – 6.Additionally, we subtract 5x:
2x – 6 – 5x = -3x – 6.According to the above, the expression -3x - 12 is equivalent to 2(x – 3) – 5x.
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Which one of the following taxes are NOT a mandatory, or
required deduction from your paycheck?
Federal Income Tax
O Retirement Savings
O State Income Tax
O FICA
State Income Tax can be deducted from paycheck.
State Income Tax are NOT a mandatory, or required deduction from your paycheck. Thus, its C.
What is State Income Tax?The majority of U.S. states also levy a state income tax in addition to the federal income tax that the nation as a whole collects. Several municipal governments also charge an income tax, frequently based on calculations made for the state income tax.
Individuals are subject to income taxes in 42 states and several localities in the US. A ninth state, New Hampshire, levies an income tax on individuals on dividend and investment income but not on other types of income.
Eight states have no state income tax. The income of companies is taxed by 47 states and numerous cities.
A fixed or graduated rate of state income tax is levied on the taxable income of individuals, businesses, and certain charities and trusts. Both the state and entity type tax rates are different.
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1. Demonstrate understanding of the value of auditing in an economy and theories explaining the demand for auditing;
2. Discuss the role of auditing and other assurance services in society and the public’s expectation for these services.
3. Describe issues associated with the audit of public sector, not-for-profit and small business entities.
4. Critically evaluate the professional, legal, ethical and regulatory framework within which audits and other assurance engagements are carried out,;
5. Discuss current developments in auditing.
6. Audits can be categorized into different types: Like; (1) financial statement audits, (2) compliance audits, (3) operational audits, and (4) forensic audits.
Required: For each of the following descriptions, indicate which type of audit (financial statement audit, compliance audit, operational audit, or forensic audit) best characterizes the nature of the audit being conducted. Also indicate which type of auditor (external auditor, internal auditor, government auditor, or forensic auditor) is likely to perform the audit engagement.
a. Determine the fair presentation of Ajax Chemical’s balance sheet, income statement, and statement of cash flows.
b. Review the payment procedures of the accounts payable department for a large manufacturer.
c. Examine the financial records of a division of a corporation to determine if any accounting irregularities have occurred.
d. Evaluate a company’s computer services department in terms of the efficient and effective use of corporate resources.
e. Audit the partnership tax return of a real estate development company.
f. Investigate the possibility of payroll fraud in a labor union pension fund.
g. Examine contractual agreements with bankers and other lenders to be sure the company is complying with legal requirements
1. Auditing plays important role by providing assurance and credibility to financial statements which enhances investor confidence and promotes efficient allocation of resources.
Why is auditing important for the economy?Auditing is essential for the economy as it helps maintain trust and confidence in the financial information reported by businesses. By conducting independent assessments of financial statements, auditors provide assurance to stakeholders that the information is reliable and accurate.
This assurance is particularly valuable for investors, creditors, and other parties who rely on financial statements to make informed decisions. Auditing also helps detect and prevent fraud, mismanagement, and other financial irregularities and thereby safeguarding the integrity of the financial system.
2. Auditing and other assurance services play a vital role in society by providing independent evaluations of financial statements and other information enhancing the reliability and credibility of financial reporting.
3. Issues associated with the audit of public sector, not-for-profit, and small business entities include unique reporting requirements, limited resources etc.
4. The professional, legal, ethical, and regulatory framework surrounding audits and assurance engagements should be critically evaluated to ensure independence, competence, integrity, adherence to standards, and the protection of public interest.
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What is potentially problematic about using religious symbols in
advertisements?
Answer:
They might offend the intended audience.
Explanation:
If you have a certain religion and one company advertises one of those religions that is not yours customers may take offense to it and you will have less customers therefore less profit.
Potentially problematic, using religious symbols in advertisements is likely to be reckoned offensive.
What is an advertisement?The term advertisements refer to promoting brands or any products digitally or through a campaign by which the advertisement can be there in it by an advertisement the sales of the product can be there, and more revenue can be generated from it. By the advertising. The more about the product sales be there in it.
Using religious symbols in advertising make problematic can be there, and using religious things in advertising can hurt people's internal sentimental as well the person is more like to be religious as compared to the advertisements in it. Using religious things make the advertisement more potentially and more.
Therefore, it is always a problem to use advertisements in religious symbols.
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The stockholders' equity section of Sheridan Company balance sheet at December 31, 2019, appears below:
Stockholders' equity
Paid-in capital
Common stock, $10 par value, 410,000 shares authorized;
330,000 issued and outstanding $3,300,000
Paid-in capital in excess of par 1,250,000
Total paid-in capital 4,550,000
Retained earnings 800,000
Total stockholders' equity $5,350,000
During 2020, the following stock transactions occurred:
Jan. 18 Issued 80,000 shares of common stock at $24 per share.
Aug. 20 Purchased 26,000 shares of Sheridan Company common stock at $26 per share to be held in the treasury.
Nov. 5 Issued 50,000 shares of common stock at $32 per share.
1. Prepare the journal entries to record the above stock transactions.
2. Prepare the stockholders' equity section of the balance sheet for Makoto Corporation at December 31, 2021. Assume that net income for the year was $100,000 and that no dividends were declared.
Answer:
Sheridan Company
1. Journal Entries:
Jan. 18 Debit Cash $1,920,000
Credit Common stock $800,000
Credit Paid-in capital in excess of par $1,120,000
To record the issuance of 80,000 shares of common stock at $24 per share.
Aug. 20 Debit Treasury stock $260,000
Debit Paid-in capital in excess of par $416,000
Credit Cash $676,000
To record the repurchase of 26,000 shares of Sheridan Company common stock at $26 per share to be held in the treasury.
Nov. 5 Debit Cash $1,600,000
Credit Common stock $500,000
Credit Paid-in capital in excess of par$1,100,000
To record the issuance of 50,000 shares of common stock at $32 per share.
2. Stockholders' Equity Section of Sheridan Company
Balance Sheet at December 31, 2019:
Paid-in capital
Common stock, $10 par value, 410,000 shares authorized;
330,000 issued and outstanding $4,600,000
Paid-in capital in excess of par 3,054,000
Treasury stock (260,000)
Total paid-in capital 7,394,000
Retained earnings 900,000
Total stockholders' equity $8,284,000
Explanation:
a) Data and Calculations:
Stockholders' Equity Section of Sheridan Company
Balance Sheet at December 31, 2019:
Paid-in capital
Common stock, $10 par value, 410,000 shares authorized;
330,000 issued and outstanding $3,300,000
Paid-in capital in excess of par 1,250,000
Total paid-in capital 4,550,000
Retained earnings 800,000
Total stockholders' equity $5,350,000
b) Transaction Analysis:
Jan. 18 Cash $1,920,000 Common stock $800,000 Paid-in capital in excess of par $1,120,000
Aug. 20 Treasury stock $260,000 Paid-in capital in excess of par $416,000 Cash $676,000
Nov. 5 Cash $1,600,000 Common stock $500,000 Paid-in capital in excess of par$1,100,000
Common stock:
Dec. 31, 2019: 330,000 issued and outstanding $3,300,000
Jan. 18, 2020: 80,000 issued of new shares 800,000
Nov. 5, 2020: 50,000 issued of additional shares 500,000
Dec. 31, 2020: 460,000 issued and outstanding $4,600,000
Paid-in capital in excess of par
December 31, 2019 $ 1,250,000
Jan. 18 issue 1,120,000
Aug. 20 treasury stock (416,000)
Nov. 5 issue of new shares 1,100,000
December 31, 2020 $3,054,000
Retained Earnings:
December 31, 2019 $800,000
Net income for 2020 100,000
December 31, 2020 $900,000
Which of the following is the best example of a pure service?
counseling
oil change
heart transplant
electric Co-Op
restaurant
Answer:
counseling
Explanation:
the service of counseling is not tangible
please help! thank you!
the risks of borrowing money include:
A. tax-deductible interest on borrowing
B. a convenient way to make purchases
C. an increase to your credit limit
D. harm to your credit reputation
Answer:
D
Explanation:
Whether you have a loan or a credit card, making late payments or missing payments can cause your credit score to fall.
Problem 2-14 As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have just been given the following production report: JAN FEB MAR APR Units produced 2,300 1,800 2,800 3,000 Hours per machine 325 200 400 320 Number of machines 3 5 4 4 Find the average of the monthly productivity figures (units per machine hour). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average productivity units per machine hour HintsReferenceseBook
Answer and Explanation:
For calculating the average of the monthly productivity, first, we have to determine the total hours, and then units per machine hours
Therefore, the formula to figure out the total hours is
= Hours per machine × Number of machines
For JAN = 325 × 3 = 975 hours
For FEB = 200 × 5 = 1,000 hours
For MAR = 400 × 4 = 1,600 hours
For APR = 320 × 4 = 1,280 hours
Now, the units per machine hours equivalent to
= Units produced ÷ total hours
For JAN = 2,300 units ÷ 975 hours = 2.36
For FEB = 1,800 units ÷ 1,000 hours = 1.8
For MAR = 2,800 units ÷ 1,600 hours = 1.75
For APR = 3,000 units ÷ 1,280 hours = 2.34
Now, the average of the monthly productivity equals to
= (2.36 + 1.8 + 1.75 + 2.34) ÷ 4
= 2.06 units per machine hour
Question 10 of 20
When wili the U.S. Armed Forces provide financial aid?
A. Before, during, and after your service
OB. During and after your service
OC. Before and after your service
D. After you have served two years
The U.S. Armed Forces will provide financial aid during and after your service. The Option D is correct.
When will U.S. Armed Forces provide financial aid?The Forces offer financial aid during and after your service. This support is available to servicemembers throughout their military career and extends into their transition back to civilian life.
During service, the financial assistance may come in the form of various benefits including housing allowances, educational benefits such as the GI Bill and health care coverage. After completing their service, veterans may be eligible for additional financial aid programs like VA home loans, disability benefits etc.
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What types of information do we disclose to others when forming a relationship? (site 1)
Answer:
self disclosure
Explanation:
Apart from a job search, a also helps in job advancement.
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
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5 of 100
Harry is looking at buying a building that has a monthly income of
$3,600, a 5% vacancy rate, and annual expenses of $8,640. He is
expecting a 12% return on his investment. How much should he pay for
this building?
The amount that Harry should pay for the investment is the present value of the net income discounted at the rate of return of 12% is equal to $270,000.
What do you mean by investment?Investment refers to the dedication of an asset to acquire growth in value over a duration of time. In finance, the motive of making an investment is to generate a return from the invested asset.
As per the information,
The vacancy rate is given is 5%
The occupancy rate is 100 - 5= 95%
\(\rm\,The\,Net \,Income = Occupancy \, Rate \times Income - Expenses\\\\ \rm\,The\,Net \,Income = (95\% \times 3,600 \times 12) - 8,640\\\\ \rm\,The\,Net \,Income = \$32400\)
Now, if it is assumed that the income is earned forever, then the present value of the income will be
PV of net income = A/r
A- 32400 , r - 12%
\(\rm\,PV = \dfrac{32400}{0.12}\\\\\\PV = \$270000\)
Hence, The amount that Harry should pay for the investment is the present value of the net income discounted at the rate of return of 12% is equal to $270,000.
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Pottery Crane Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 61% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $4 and $5, respectively. Normal production is 33,300 curtain rods per year. A supplier offers to make a pair of finials at a price of $13.16 per unit. If Pottery Ranch accepts the supplierâs offer, all variable manufacturing costs will be eliminated, but the $43,100 of fixed manufacturing overhead currently being charged to the finials will have to be absorbed by other products.
Required:
a. Prepare an incremental analysis to decide if Pottery Ranch should buy the finials.
b. Should Pottery Ranch buy the finials?
c. Would your answer be different in (b) if the productive capacity released by not making the finials could be used to produce income of $50,367?
Answer: See explanation
Explanation:
a. Direct material = 4 × 33300 = Make $133200 ; Net income increase
Direct labor = 5 × 33300 = Make $166500 ; Net income increase
Variable costing= 0.61 × $166500 = Make $101565 ; Net income increase
Fixed manufacturing = Make 43100 ; Buy 43100 ;
Purchase price = 13.16 × 33300 = Buy $438228 ; Net income decrease
Total annual cost:
Make: $444365
Buy: $481328
Net income decrease = $36963
b. No, Pottery Ranch should not buy the finials. There's an incremental cost of $36963.
c. Incremental revenue = $50,367
Incremental cost = $36963
Incremental revenue = $50367 - $36963 = $13404
In this case, it should be bought.
More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program
CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.
The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.
Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.
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If stock prices go up then investors____.
If stock prices go up then investors make higher profits or gains. Strong earnings typically lead to an increase in the stock price (and vice versa).
However, the stock price of some businesses that aren't doing all that well is nonetheless skyrocketing. Investor hopes that the firm would become profitable in the future are reflected in this growing price. There are, however, no assurances that a firm will live up to the current aspirations of investors to become a high-earning corporation in the future, regardless of the stock price.
The price of a stock can also be impacted by business-specific news, such as the publishing of an earnings report, especially if the firm is posting after a weak quarter.
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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.
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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which of the following is not a requirement for parties that seek to challenge agency action?
Environmental law and policy in the United States are primarily driven by the regulatory activities of federal and state agencies as well as the litigation that challenges those measures.
Any decision, rule, regulation, order, or other official action taken by a government agency is referred to as an agency action. It includes a variety of tasks like rulemaking, licencing, permitting, and the application of laws and regulations. Agency activity frequently faces legal challenges because it may have a considerable influence on people, corporations, and the broader public. A petition or complaint must normally be filed in order to contest an agency decision, and administrative or court actions may also be necessary. Depending on the jurisdiction and the particular agency concerned, there may be different requirements for contesting an agency decision. However, in order to successfully overturn an agency decision, a party must show that the decision was unlawful, capricious, or otherwise unreasonable.
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Which is the first step in preparing a message either written or verbal?
Consider the audience
Create an outline
Choose a delivery method
Determine the purpose of the message
Answer: Determine the purpose, I believe. This is my specific order:
Explanation:
1. Determine the purpose of the message
What is your message going to be about?
2. Choose a delivery method
Are you trying to persuade your audience?
3. Consider the audience
Think about what ways you can get your specific audience to pay attention to you and hear you out throughout your message.
4. Create an outline
An outline is similar to a pre-write. Choose the order of events you will be delivering your message in.
Apple Inc. is starting a new project. It plans to manufacture new type of i-Phones that have a 3D screen effect. It expects these phones to be a great success and bring rapidly growing profits in the first few years. After that, it expects the competition from other phone companies to kick in which will reduce the growth of annual profits. The dividends on Apple's shares will be growing accordingly. Here is the exact schedule of expected future dividends: Most recently paid dividend is $3. Expected annual growth rate of dividends for the first 3 years is 50%. Expected annual growth rate of dividends after that is 14%. Discount rate for this company is 16%.
Calculate the price per share of stock of Apple Inc. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 100.23. DO NOT put "$" in your answer.)
Answer:
P0 = 385.121878 rounded off to 385.12
Explanation:
To calculate the market price of the stock today, we will use the two stage growth model of DDM. The two stage growth model calculates the values of the stock today based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n + [(D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n
Where,
D0 is the dividend today g1 is the short term growth rate g2 is the long term or constant growth r is the required rate of return on the stock
P0 = 3 * (1+0.50) / (1+0.16) + 3 * (1+0.50)^2 / (1+0.16)^2 + 3 * (1+0.50)^3 / (1+0.16)^3 + [(3 * (1+0.50)^3 * (1+0.14)) / (0.16 - 0.14)] / (1+0.16)^3
P0 = $385.121878 rounded off to $385.12
Accounting takes in the process of Identifying, Recording and Communicating”. How would you explain the statement? Support your answer with examples on Identifying, Recording and Communicating
What this statement means is that accounting is being defined as the process of record keeping, management and analysis.
What is accounting?This is the process that is mostly used in finance to communicate and record information especially in income and financial statements.
Accounting is mostly about being able to know the transactions that one is to record, recording it in the appropriate place and the ability to communicate the records using reports.
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kohana manages the underwriting division of a large financial services provider. for her work unit, kohana selected five key goals that she identified as being results-oriented and
Kohana manages the underwriting division of a large financial services provider. for her work unit, kohana selected five key goals that she identified as being results-oriented and supporting the organization's vision.
What does it mean to be result oriented?Being result-oriented means focusing on achieving specific outcomes or goals rather than just completing tasks or activities. It involves setting clear and measurable objectives, developing action plans to achieve those objectives, and regularly evaluating progress towards the desired outcomes.
Result-oriented individuals or organizations prioritize achieving tangible results and are willing to adapt their strategies or tactics to achieve their goals.
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Please explain the difference between the debt/equity ratio (total liabilities/ common stock) and the account payable turnover(cogs/ average accounts payable)?
The difference between the debt/equity ratio and the account payable turnover is that the form shows much debt a company is using to finance its assets relative to the value of shareholders' equity while the latter shows how efficient a company is at paying its suppliers and short-term debts.
What is a debt/equity ratio?This is an accounting ratio that is is used to evaluate a company’s financial leverage and is calculated by dividing a company’s total liabilities by its shareholder equity. This ratio is an important metric in corporate finance as its measures the degree to which a company is financing its operations with debt rather than its own resources. The debt-to-equity ratio is a particular type of gearing ratio.
What is an account payable turnover?
An accounts payable turnover is an accouting tool that measures how quickly a business makes payments to creditors and suppliers that extend lines of credit. Most professionals quantify this ratio by calculating the average number of times the company pays its AP balances during a specified time period.
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Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company concept is to provide the customer with a focused selection of high-quality, active-oriented fashions, at compelling values. The items, reported on its income statement for a recent year (ended March 31) are presented here (dollars in thousands), in alphabetical order:
Cost of goods sold $1,101,349
Interest expense 650
Net revenue 2,005,531
Other selling, general, and administrative expenses 386,883
Provision for income taxes 99,387
Weighted average shares outstanding 66,832
a. Prepare a multiple-step, consolidated income statement, with a presentation of basic earnings per share. (Enter your answers in thousands not in dollars. Round "Basic earnings per share" to 2 decimal places.)
b. What is the gross profit percentage? (Round your answer to 1 decimal place.)
Answer:
Aeropostale, Inc.
Multi Step Income Statement for the year ended March 31:
Net revenue $2,005,531
Cost of goods sold $1,101,349
Gross profit $904,182
Other selling, general, and
administrative expenses 386,883
Operating income $517,299
Interest expense 650
Income before taxes $516,549
Provision: income taxes 99,387
Net income $417,262
Basic EPS = $6.24 per share
b. Gross profit percentage = $904,182/$2,005,531 * 100
= 45.1%
Explanation:
a) Data and Calculations:
Cost of goods sold $1,101,349
Interest expense 650
Net revenue 2,005,531
Other selling, general, and administrative expenses 386,883
Provision for income taxes 99,387
Weighted average shares outstanding 66,832
Basic EPS = $6.24 per share ($417,262/66,832)
Gross profit percentage = $904,182/$2,005,531 * 100
= 45.1%
Jasper makes a $86,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $86,000; credit Cash $86,000. Debit Accounts Receivable $86,000; credit Notes Receivable $86,000. Debit Cash $86,000; credit Notes Receivable for $86,000. Debit Notes Payable $86,000; credit Accounts Payable $86,000. Debit Notes Receivable $86,000; credit Sales $86,000.
Answer:
Debit Notes Receivable for $86,000; credit Cash $86,000
Explanation:
The journal entry to record the cash loan is given below;
Notes Receivable $86,000
To Cash $86,000
(Being cash loan is recorded)
Here the note receivable is debited as it increased the assets and credited the cash as it decreased the assets
Therefore the first option is correct
Strong _______ skills influence hiring decisions and job performance, while at the same time promoting good relations in your personal life.
The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
A job applicant identifies preparing contract documents for construction managers as something the applicant considers a core task. For what job is the applicant likely to be applying?
An activity applicant identifies preparing settlement files for production managers as something the applicant considers a core mission. job is the applicant probably every day be making use of is Architect.
The definition of a manager is someone answerable for supervising and motivating personnel and for directing the development of a company. An example of a supervisor is a person that is in the rate of daily, who offers with customer disputes, and who oversees and supervises every Raymer support everyday sellers.
The 4 most common styles of managers are pinnacle everyday-level managers, center managers, first-line managers, and group leaders. those roles range not simplest in their responsibilities, but also in their broader feature in the enterprise and the kinds of personnel they manipulate.
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Doing the right task is known in management as what
Answer:
Doing the right task is known in management as performance.
Explanation:
Management ensures that the right tasks are performed by coordinating the various activities that help it to achieve goals. It also plans the right tasks to be carried out in order to achieve set goals and objectives. In doing all these, it also considers the cost and benefit to be incurred and derived respectively from executing its responsibilities. Management is always interested in minimizing costs while maximizing benefits. Management is also concerned with efficiency, by which it minimizes the wastage of resources (such as time, money, and efforts) and ensures optimum utilization of all its resources.
affar Tabrizi is the owner of Tabrizi Oriental Rugs located in Toronto, Canada. He shops the world over, handpicks, and orders beautiful, authentic handmade rugs. He has them shipped to Canada, where he sells them through his brick-and-mortar stores and his www.tabrizi website. In terms of the marketing channel, Jaffar is acting as Multiple Choice a consumer. an agent. a wholesaler. a brokerage firm. a middleman.
Answer:
A middleman
Explanation:
A middle man in trade is a person that is willing to make negotiations between people that are not willing to meet themselves. They go the extra mile to purchase goods and make them available to customers that have need of them.
In the given scenario Tabrizi shops the world over, handpicks, and orders beautiful, authentic handmade rugs. He has them shipped to Canada, where he sells them through his brick-and-mortar stores and his www.tabrizi website.
Clients in Canada are not able to travel to far places to purchase rugs so he steps in to this role and obtains rugs for his local clients.