Condensed financial data of Monty Company for 2020 and 2019 are presented below.
MONTY COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2020 AND 2019
2020 2019
Cash $1,810 $1,160
Receivables 1,740 1,310
Inventory 1,630 1,890
Plant assets 1,910 1,720
Accumulated depreciation (1,220 ) (1,180 )
Long-term investments (held-to-maturity) 1,280 1,420
$7,150 $6,320
Accounts payable $1,220 $920
Accrued liabilities 190 240
Bonds payable 1,420 1,580
Common stock 1,940 1,730
Retained earnings 2,380 1,850
$7,150 $6,320
MONTY COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,960
Cost of goods sold 4,780
Gross margin 2,180
Selling and administrative expenses 920
Income from operations 1,260
Other revenues and gains
Gain on sale of investments 80
Income before tax 1,340
Income tax expense 550
Net income 790
Cash dividends 260
Income retained in business $530
Additional information:
During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.
Required:
1. Prepare a statement of cash flows using the indirect method.
Answers
Answer:
Monty Company
Statement of Cash Flows
December 31, 2020
Cash flows from operating activities
Net income $790
Adjustments to reconcile net income $40
+ depreciation expense $40
+ decrease in inventory $260
+ increase in accounts payable $300
- gain from sale of investments ($80)
- increase in accounts receivable ($430)
- decrease in accrued liabilities ($50)
Net cash flow from operating activities $830
Cash flows from investing activities
Sale of long term investments $140
Gain from sale of investments $80
Purchases of P, P & E ($190)
Net cash flow from investing activities $30
Cash flow from financing activities
Issuance of Common Stocks $210
- Payments of long term debt ($160)
- Dividends paid ($260)
Net cash from financing activities ($210)
Net increase in cash $650
+ Beginning cash balance $1,160
Ending cash balance $1,810
Related Questions
Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the marginal product?
Answers
Answer:
Marginal Product is 2
Explanation:
Marginal Product (MP) is defined as the ration of change in quantity of output produced to the change in quantity of input raw material
Change in quantity of input raw material \(= 5 -3 = 2\)
Change in quantity of output of products = 13 - 9 = 4
Marginal Product (MP) \(= \frac{4}{2} = 2\)
Marginal Product is 2
Help me ASAP. 50 Points.
How is social and domestic policy created and implemented? How involved should govemment be in solving various problems in our country? That is an enduring issue in the United States. For each of the examples, decide whether the hypothetical problem should be solved by (a) government, (b) government and the private sector acting together, or (c) the private sector (business and/or charity). Give your reasons for each. •A few ships have crashed near a harbor because it lacks a working lighthouse Americans' health is declining due to poor nutrition. Many high school graduates do not have the skills needed to be successful in the workforce . Sometimes, farmers or ranchers lose an entire crop or herd to bad weather. Such a loss can bankrupt a small farm. An alarming number of people have been injured while using chainsaws • Home prices fell sharply in some cities and many homeowners could not afford to pay their mortgages. • Fast-food workers complain that their pay-generally the federal minimum wage-is not enough to support their families • A business cannot market its products effectively because it does not have current information about the demographics of the community
Answers
Answer:
Explanation:
Suppose the reserve requirement for the United States is 20%.
Instructions: Round your answers to the nearest whole number.
a. Suppose the Federal Reserve wants to increase the money supply. What should it do to accomplish this goal?
The Fed could make an open market purchase of $20 billion, resulting in a total increase in the money supply of $ ____ billion.
b. Now suppose the Fed wants to decrease the money supply. What should it do to accomplish this goal?
The Fed could make an open market sale of $30 billion, resulting in a total decrease in the money supply of $ ____ billion.
Answers
When the Federal Reserve wants to increase the money supply, it will purchase bonds from banks.
What is Federal Reserve?It should be noted that the Federal Reserve controls the monetary aspect in an economy.
In this case, when the Federal Reserve wants to increase the money supply, it will purchase bonds from banks.
Also, when the Fed wants to decrease the money supply, the thing that should be done will be to sell bonds.
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23 Spring Question 1 of 11 This quiz: 2 This questic Halifax Seafood makes 450 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant The plant is now able to produce 700 boxes per day. a) Before the change in work rules, the company's productivity per day = boxes/hour (Round your response to two decimal places) After the change, the new productivity level per day = boxes/hour (Round your response to two decimal places) b) Based on the changes made, the percent increase in productivity=% (Enter your response as a percentage rounded to two decimal pla c) If production is increased to 750 boxes per day (with the three 8-hour shifts), the new productivity = boxes/hour (Round your response to
Answers
a. Before the change in work rules, the company's productivity per day was 22.50 boxes/hour.
b. After the change in work rules, the new productivity level per day is 35.00 boxes/hour.
c. If production is increased to 750 boxes per day with three 8-hour shifts, the new productivity level per day would be approximately 31.25 boxes/hour.
a) Before the change in work rules, Halifax Seafood produced 450 wooden packing boxes per day working in two 10-hour shifts. To calculate the productivity per day, we need to determine the number of boxes produced per hour.
Number of boxes produced per day = 450 boxes
Number of hours worked per day = 2 shifts × 10 hours per shift = 20 hours
Productivity per day before the change = Number of boxes produced per day / Number of hours worked per day
Productivity per day before the change = 450 boxes / 20 hours = 22.50 boxes/hour
Therefore, before the change in work rules, the company's productivity per day was 22.50 boxes/hour.
b) After the change, the company is now able to produce 700 boxes per day. To calculate the new productivity level per day, we need to determine the number of boxes produced per hour.
Number of boxes produced per day = 700 boxes
Number of hours worked per day = 2 shifts × 10 hours per shift = 20 hours
Productivity per day after the change = Number of boxes produced per day / Number of hours worked per day
Productivity per day after the change = 700 boxes / 20 hours = 35.00 boxes/hour
Therefore, after the change in work rules, the new productivity level per day is 35.00 boxes/hour.
c) If production is increased to 750 boxes per day with three 8-hour shifts, we can calculate the new productivity level per day.
Number of boxes produced per day = 750 boxes
Number of hours worked per day = 3 shifts × 8 hours per shift = 24 hours
New productivity per day = Number of boxes produced per day / Number of hours worked per day
New productivity per day = 750 boxes / 24 hours ≈ 31.25 boxes/hour
Therefore, if production is increased to 750 boxes per day with three 8-hour shifts, the new productivity level per day would be approximately 31.25 boxes/hour.
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businesses use organisational structure which is based around project but employee stay in their department
Answers
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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10. You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:
Answers
Answer:
A secondary market transaction
Explanation:
Secondary market transaction: In this transaction, the transaction which is already issued to the public are sold by another investors.
In this type market, the investors buy and sell securities which are theirs . It is what most people typically think of as the "stock market," though stocks are also sold on the primary market when they are first issued.
So in the question, the transfer was made through a broker which implies it deals in the secondary market.
Primary market transaction: In this transaction, the company directly sells the new stocks, bonds, etc to the public for the first time.
Future market transaction: This is the transaction which occurs in the near future to buy some specific quantities at the future price.
Domestic Industries. Inc. is relocating its manufacturing facilities from Ohio to Mexico. What term could we use for this decision?
Group of answer choices
A)Outsourcing
b)Off-shoring
c)Domestic Outsourcing
D)In-sourcing
Answers
B) Off-shoring.
Off-shoring refers to the relocation of a company's business processes or manufacturing facilities from one country to another, often to take advantage of lower labor costs or other economic benefits. In this case, Domestic Industries, Inc. is relocating its manufacturing facilities from Ohio to Mexico, which would be considered an example of off-shoring.
Outsourcing, on the other hand, refers to the practice of hiring an external company to perform business functions or tasks that would traditionally be handled in-house. Domestic outsourcing refers to the hiring of a domestic company to perform outsourced tasks, while in-sourcing refers to the practice of bringing external functions back in-house.
After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answers
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital
Merits of suppliers pre qualification
Answers
Answer:
. Digital prequalification process and forms
. Centralized data for easy accessibility and reporting
. Knowing beforehand which suppliers meet your requirements
. Peace of mind the supplier you hire is qualified and safe to perform the work assigned
. Improved workflow
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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An advantage of publicity is that its costs are lower than other forms of promotion,
true or false
Answers
Answer:
true
Explanation:
true
a. The natural rate of unemployment equals frictional unemployment plus cyclical unemployment. structural unemployment minus cyclical unemployment. cyclical unemployment plus structural unemployment. frictional unemployment plus minimally attractive workers. frictional unemployment plus structural unemployment. b. Identify whether the actions or scenarios would likely increase or decrease the natural rate of unemployment. i. Increasing the minimum wage increase decrease ii. Reducing workers' collective bargaining rights increase decrease iii. Extra financial benefits for the unemployed increase decrease iv. A large number of young people entering the labor force increase decrease
Answers
The natural rate of unemployment equals frictional unemployment plus structural unemployment.
The following will increase the natural rate of unemployment:
Reducing workers' collective bargaining rights increase decrease
Extra financial benefits for the unemployed
A large number of young people entering the labor force.
The following will decrease the natural rate of unemployment:
Increasing the minimum wage increase
What is the natural rate of unemployment ?
The natural rate of unemployment is the unemployment rate that would exist when there is no cyclicality in the economy. It is the lowest level of unemployment that can exist in an economy. The natural rate of unemployment is the sum of frictional unemployment and structural unemployment.
Structural unemployment is an unemployment that occurs as a result of changes in the economy. Frictional unemployment is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job.
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Managerial accounting reporting by a public firm is required to follow the rules of GAAP.
a. True
b. False
Answers
Answer:
b. False
Explanation:
Only external reports which are used by various stakeholders (Investors, customers, tax authorities, banks, suppliers etc.) are required to follow reporting framework laid out in GAAP.
However, for Managerial reporting , no strict requirements are set for the preparation of reports as the management use various reporting styles to manage business performance. An example is the use of Variable Costing Income Statements that show the relationship between outputs and costs resulting from different activity levels.
On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.
Answers
The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.
Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.
The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.
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Visit any nearby business of your locality and collect the information to prepare a project work report by taking the following information. 1)name and address of the firm. 2)find out whether the journal is maintained or not. 3) following the values of debit and credit. 4)the recording of business transactions in the journal
Answers
It is impossible to visit any nearby business of your locality and collect the information to prepare a project work report based on the factors given
What is a firmA common term for a company or business organization is "firm". A business is an organization involved in diverse economic endeavors, ranging from the production of goods, provision of services to trading of products.
A company usually has defined legal framework, ownership, and administration, with the main aim of earning profits or attaining specific goals. Companies can vary in their scale, spanning from petite regional enterprises to enormous global conglomerates.
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What is the tax shield?
Answers
B2B marketing requires a special, unique set?
Answers
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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Which set of documents do you need to correct a mistake on a filed tax return
Answers
Answer:
Form 1040x
Explanation:
David is purchasing a home for $127,600. He has 10% to put down on the home and
wishes to pay one discount point. What is the amount of his principle that he will
finance? Please explain your work in your answer.
Answers
Goods or services are limited after a natural disaster or during times of war. Which economy can be described as the best type to serve its citizens when taking scarcity into account?
Answers
In a command economy, the government has complete control over the allocation of resources and the production of goods and services. This allows the government to quickly mobilize resources and direct them towards the areas that are most in need during times of scarcity, such as natural disasters or war.
In contrast, a market economy, where resources are allocated based on supply and demand, may struggle to efficiently allocate resources during times of scarcity, as the price mechanism may not accurately reflect the true value of goods and services in such situations.
Therefore, a command economy can be described as the best type of economy to serve its citizens during times of scarcity, such as natural disasters or war, as it allows for efficient allocation of resources and quick response to the needs of the people.
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case. Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer. What is the economic order quantity for Stein beer?
Answers
Answer:
20 Cases
Explanation:
Economic order quantity which is also known as (EOQ) can be defined as the order quantity a company or an organisation should tend to purchase or buy in order to minimize their inventory costs.
Example of this inventory costs are:
Holding costs
Shortage costs
Order costs.
Calculation for the economic order quantity for Stein beer will be:
Numbers of cases × Numbers of days
4 cases× 5 days
= 20 cases
Therefore the economic order quantity for Stein beer will be: 20 cases every five days because the Orders often arrived three days from the time they are placed.
What is the market value of a stock that paid a dividend of $3.80 last year if the dividend is increasing at 10% annually and the required rate of return on the stock is 20%
Answers
Answer:
The market value of the stock is $41.8
Explanation:
Div 1 = Div 0 (1+r)
=3.80 (1+0.10)
=3.80(1.10)
=4.18
Market value of the stock= Dividend 1 / (r-g)
= 4.18 / 0.2 - 0.1
= 4.18 / 0.1
= $41.8
The market value of the stock is $41.8
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
hich ecosystem is found in the Midwest?
prairie
mountain
coral reef
tropical forest
Answers
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The Correct choice is A :
PrairieDirect Materials Variances Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 550 tablets during December. However, due to LCD defects, the company actually used 500 LCD displays during December. Each display has a standard cost of $6.40. LCD displays were purchased for December production at a cost of $2,950.
Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to nearest cent, if required.
Price variance $ Unfavorable/favorable
Favorable Quantity variance $ Unfavorable/favorable
Total direct materials cost variance $ Unfavorable/Favorable
Answers
Answer:
Standard price = $6.40
Actual price = $5.90 ($2,950/500)
Standard quantity = 550
Actual quantity = 500
Direct materials price variance = (Actual price - Standard price) * Actual quantity
= ($5.90 - $6.40) * 500
= $0.5 * 500
= $250 Favorable
Direct materials quantity variance = (Actual quantity - Standard quantity) * Standard price
= (500 - 550) * $6.40
= 50 * $6.40
= $320 Favorable
Total direct materials cost variance = Direct materials price variance + Direct materials quantity variance
= $250 Favorable + $320 Favorable
= $570 Favorable
QUESTION 4: PRICING Based on your knowledge of Pricing Strategies, recommend a pricing mix that has the best pricing mix ice Mix 1: • Price MX 2 se Sale Price: $19,500 id-tier Sale Price: $24,55 lly-Loaded Sale Price: 4,999 Price Mix 2: Base Sale Price: $20,000 Mid-tier Sale Price: $25,000 Fully-Loaded Sale Price: $30,000 Price Mix 3: Base Sale Price: $22,000 Mid-tier Sale Price: $24,00 Fully-Loaded Sale Price: $28,999
Answers
Price Mix 2 is recommended as the best pricing mix strategy. It includes three price tiers: a base sale price of $20,000, a mid-tier sale price of $25,000, and a fully-loaded sale price of $30,000.
The best pricing mix
This pricing mix caters to different customer segments by offering varying levels of features and benefits at different price points. It allows customers to choose a product based on their budget and desired features, increasing the likelihood of conversion and customer satisfaction.
The balanced pricing structure provides options for both price-sensitive customers and those willing to pay more for additional features. Overall, Price Mix 2 maximizes revenue potential by attracting a wider customer base and potentially facilitating upselling opportunities.
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Guys.. Pls... Just try to help me out.
1. If you were preparing a marketing plan for this hotel, how would you describe the
company, its positioning strategy, and its value proposition?
2. What do you want to know about the market- demographics and psychographics?
3. Describe each of the 4P’s as they relate to this hotel.
(Product, Place, Price, Promotion)
4. Without doing further research, who do you think is the target market?
5. Does the hotel have a brand image? If so, explain.
Answers
1. The hotel is a luxury resort with a unique positioning strategy that caters to affluent travelers seeking exclusivity and relaxation. Its value proposition is centered around creating unforgettable memories for guests.
2. Gathering demographic and psychographic data can help identify the hotel's target audience and their emotional and psychological needs.
How would you describe the company, its positioning strategy?The hotel is a luxury resort situated on a beautiful beach with breathtaking views. It caters to affluent travelers who value exclusivity, privacy, and relaxation. The hotel's positioning strategy is to offer an unparalleled experience by providing guests with top-notch amenities and services that meet and exceed their expectations.
The hotel's value proposition is centered around the idea of creating unforgettable memories for guests that they will cherish for a lifetime. By offering an exclusive, luxurious experience, the hotel seeks to differentiate itself from its competitors and attract high-end customers who are willing to pay a premium for superior service.
What do you want to know about the market- demographics and psychographics?To better understand the hotel's market, it would be helpful to gather information on the demographics and psychographics of its target audience. Demographic information such as age, income, education, and occupation would be useful in determining the hotel's target customer profile. Psychographic data, such as values, lifestyle, interests, and personality traits, can help identify the emotional and psychological needs of the target market.
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On October 1, 2018, Mills Company borrowed $131,000 cash on a one-year note that required Mills to pay 5 percent interest and $131,000 principal, both on September 30, 2019. Assuming the note is paid when due in 2019, what is the debit to interest expense when recording the payment of the note?
Answers
Answer:
the amount that debited to interest expense is $4,912.50
Explanation:
The computation of the amount that debited to interest expense is as follows:
Here we calculate it from Jan to Sep 30, the number of months would be 9 months
So, the amount of interest expense is
= $131,000 × 5% × 9 months ÷ 12 months
= $4,912.50
Hence, the amount that debited to interest expense is $4,912.50