A: a sharp increase in its forecasted sales is the most likely factor to lead to an increase in the additional funds required.
Sales forecasting is a process to express expected sales revenue. A sales forecasting method estimates how much a company plans to sell within a certain time period (like a quarter or year). The best sales forecasting performs this estimation with a high degree of accuracy.
In the given scenario where a forecasting model has been developed by Jefferson City Computers in order to estimate its AFN for the year to come; the most likely factor to lead to an increase in the additional funds required is a sharp increase in its forecasted sales.
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t the end of the current year, the following information is available for both Pulaski Company and Scott Company. Pulaski Company Scott Company Total assets $ 2,276,500 $ 1,145,500 Total liabilities 882,500 576,500 Total equity 1,394,000 569,000 Required: 1. Compute the debt-to-equity ratios for both companies. 2. Which company has the riskier financing structure?
Answer:
0.63
1.01
Scott company
Explanation:
Debt to equity ratio is an example of solvency ratio.
Solvency ratios measure a firms ability to honour its long term financial obligation
The higher the debt to equity ratio, the higher the financial risk and the weaker solvency is
Debt to equity ratio = total liabilities to equity ratio
Pulaski Company : 882,500 / 1,394,000 = 0.63
Scott company : 576,500 / 569,000 = 1.01
Suppose that you receive a weekly income of $100, which you spend entirely on pizza and deluxe hamburgers. The price of a pizza is $10 and the price of a hamburger is $5. On a diagram, draw a line that shows your consumption possibilities. What is the opportunity cost of a hamburger? Would the opportunity cost of a hamburger change if the prices of pizza and hamburgers were cut in half? Calculate the opportunity cost of a pizza and a hamburger for each of the following changes:
The opportunity cost of a hamburger is -1/2 of a pizza, and it remains the same even if the prices of pizza and hamburgers are cut in half.
To draw the consumption possibilities line, we can use a simple graph with pizzas (x-axis) and deluxe hamburgers (y-axis) as the two goods. Let's assume that the horizontal axis represents the quantity of pizzas and the vertical axis represents the quantity of deluxe hamburgers.
Given that the price of a pizza is $10 and the price of a hamburger is $5, we can plot the consumption possibilities by dividing the weekly income of $100 by the respective prices. This gives us the following points:
With $100, you can buy 10 pizzas ($100 / $10 = 10) and 20 deluxe hamburgers ($100 / $5 = 20). Plot this point on the graph as (10, 20).
Now, let's consider the opportunity cost.
The opportunity cost is the value of the next best alternative that is forgone when a choice is made. In this case, it represents the number of pizzas you have to give up to obtain an additional hamburger, or vice versa.
The opportunity cost of a hamburger can be calculated by finding the slope of the consumption possibilities line. The slope represents the rate at which one good is traded for the other. In this case, the slope is -10/20, which simplifies to -1/2. This means that for each additional hamburger, you have to give up 1/2 of a pizza.
If the prices of pizza and hamburgers were cut in half, the new prices would be $5 for a pizza and $2.50 for a hamburger. This change in prices would not affect the consumption possibilities line.
The line would remain the same, indicating the combinations of pizzas and hamburgers that can be purchased with the given income. However, the specific points on the line would change.
The opportunity cost of a hamburger would still be -1/2 of a pizza, as the ratio between the prices and the opportunity cost remain the same.
In summary:
Opportunity cost of a hamburger: -1/2 of a pizza
Opportunity cost of a pizza: 2 hamburgers (since the reciprocal of -1/2 is -2/1, meaning you would have to give up 2 hamburgers to obtain an additional pizza)
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Assume that Thomas can afford to buy as many candy bars and ice cream cones as he wants. He would continue to consume both candy bars and ice cream until the
Answer:
Marginal utility of each becomes negative
Explanation:
Utility is defined as the level of satisfaction that a person gets from consuming a product.
The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.
That is there is no satisfaction anymore in consuming the product.
In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative
Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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explain three of classifying managers
There are several ways to classify managers, but here are three common approaches By level, By function, By style.
By level: One way to classify managers is by their level in the organizational hierarchy. For example, top-level managers are responsible for setting overall goals and strategies for the organization, while middle-level managers oversee specific departments or functions, and front-line managers supervise the day-to-day activities of individual employees.
By function: Another way to classify managers is by the functional area they oversee. For instance, a marketing manager is responsible for promoting and selling the organization's products or services, while a human resources manager is responsible for recruiting, training, and managing employees.
By style: A third way to classify managers is by their management style or approach. For example, some managers may be more autocratic, making decisions and giving orders without much input from their subordinates. Others may be more democratic, seeking input and feedback from their team before making decisions.
Still, others may be more laissez-faire, giving their employees a high degree of autonomy and trusting them to make decisions on their own.
Overall, these different ways of classifying managers can help organizations to better understand the roles and responsibilities of their managers, and to develop more effective leadership strategies that align with their specific needs and goals.
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Suppose a Canadian firm and a Japanese firm both produce rice. Also suppose the ratio of the price of land divided by the price of labour is lower in Canada than in Japan. If they both seek to maximize economic profit, the Canadian firm will use the two inputs, land and labour, in such a way that its land/labour ratio in production:_________.
A. is equal to one.
B. is higher than that of the Japanese firm.
C. is equal to that of the Japanese firm.
D. is lower than that of the Japanese firm.
E. can't be determined without knowing the absolute prices of land and labour in each country,
Answer:
The answer is "Option E".
Explanation:
Complete values are the number of dollars that can be traded for just a specified volume.
Cash flows calculate that equity capital to a workforce. In particular, over the period, companies generally have higher equity shares rated to improve their output through investment as well as the automation of a working system. The capital adequacy ratio (K/L) was its proportion of assets to capital levels of intensity.
Labor's high wealth Whenever the labor costs are high, companies will try to replace assets with labor. For example, waitstaff in Europe is fitted with a mitral valve that directly delivers the orders to a kitchen.
It allows the use of labor less efficient and far less necessary. It may not be necessary or desirable to spend in the command post equipment to relatively low labor costs, thus providing a feeling of sadness ratio. The brief variation in labor is simpler than the stock of capital. Financial performance to work is tending may rise in downturns as companies lose their jobs. Migrants and creating a company High national salaries of areas with high working capital will usually occur.
This would allow employers to shift from a low investment wage to a high wage growth ratio. It reduces real wage inequalities and eliminates the investment difference. In western China, for example, workers have moved to SE China, of higher wages.
Why is it recommended that you focus more on quadrant 2 (PLAN) to be productive?
a.
Focusing on this quadrant increases planning and helps you meet your goals
b.
Focusing on this quadrant increases stress
c.
Focusing on this quadrant ensures you will never encounter a distraction
d.
Focusing on this quadrant will help you meet other people’s needs
Answer:
The reason that it is recommended to focus more on quadrant 2 (PLAN) to be productive is:
a. Focusing on this quadrant increases planning and helps you meet your goals.
Explanation:
This second quadrant of Stephen Covey's 7 Habits of Highly Effective People focuses on planning. The leader undertakes planning when it is important but not when it is urgent. This means that the leader is enabled to plan in a crisis-free moment and environment. The leader in this quadrant does not act in response to crisis. She is well-prepared for every crisis. It is the most important quadrant that any leader should aspire to be in at all times.
Mandy is going to a four year universily and is completing classes When she graduates, she is planning on starting a job in the Energy career cluster. Which job will Mandy most likely be applying for?
A) Power Line Repairer
B) Nuclear Power Reacter Operater
C) Electrician
D) Petroleum Enginner
Answer:
D) Petroleum Engineer
Explanation:
A power line repairer only needs an associates degree (2 years of college). Nuclear Power Reactor Operator only needs a high school degree (more or less) An Electrician only needs a high school degree (more or less) And Petroleum Engineers have a Bachelors degree aka 4 years of college.
Sorry if I was to late to answer your question but I hope it can at least help someone else :)
Answer:
D
Explanation:
i took the unit test
(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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You ordered a machine for your business on 15 October 2020 from American Machines (Pty) Ltd, a supplier situated in the USA. The following information in relation to the machine purchased has been provided: . The machine was shipped, FOB shipping point, on 1 November 2020 and the pur- chase price of $50 000 was paid in full on the same day. The shipment arrived in Cape Town harbor on 1 December 2020. . On 5 December 2020, your business paid R20 000 for transportation fees to have the machine delivered to your factory premises. On 13 December 2020, your company paid R15 000 for special services acquired from an engineering company on to install the machine. On 2 January 2021, additional equipment had to be purchased to install the machine on the right platform for it to work as initially intended. Your business paid R140 000 for this additional equipment. The machine was finally ready to be used on 1 February 2021. The following exchange rate data was made available: Transaction detail: Date: Rand per dollar Order date 15 Oct 2022. 14.70 Shipping/Payment date 1 Nov 2020. 15.10 Harbour arrival date. 1 Dec 2020 17.00 Factory arrival date 5 Dec 2020 16.50 Ready to be used date 1 Feb 2021 14.00 4.1 Calculate the initial cost price at which the machine should be recognised.
Answer:
To calculate the initial cost price at which the machine should be recognized, we need to consider the purchase price, transportation fees, special services, and the cost of additional equipment.
Purchase price: $50,000
Using the exchange rate data, we can convert the purchase price to Rand at the order date:
$50,000 * 14.70 Rand/dollar = 735,000 Rand
Transportation fees: R20,000
No conversion is required for transportation fees as it is already in Rand.
Special services: R15,000
No conversion is required for special services as it is already in Rand.
Additional Equipment: R140,000
No conversion is required for the cost of additional equipment as it is already in Rand.
Now, let's calculate the initial cost price by adding up all the costs in Rand:
Initial cost price = Purchase price + Transportation fees + Special services + Additional equipment
Initial cost price = 735,000 Rand + 20,000 Rand + 15,000 Rand + 140,000 Rand
Initial cost price = 910,000 Rand
Therefore, the initial cost price at which the machine should be recognized is 910,000 Rand.
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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The varying amounts of a good or service that producers are willing and able to release on the market at different prices in a particular time period is known as
Answer:
Supply, is the right answer.
Explanation:
The given statement in the question exhibits the “Supply” because the term supply refers to the goods and services that are supplied by the supplier or producer at a particular time period and price of a commodity. There is a direct relationship between the price and supply of goods. Accordingly, if the price increases, the producers supply more commodities to earn more profit and when the price decreases, the producers supply fewer goods, or supply decreases because, at a lower price, the producer is less willing to supply the commodity.
Compressing a file is also called _____ the file.
Answer:
Compressing a file is also called 'zipping' the file
Explanation:
I remember this from my computer subject but it's best to look for more accurate answers just to make sure
Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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Ming is visiting her company's headquarters in Germany, which has a highly assertive culture. She is likely to observe her coworkers
Answer:
D: using competitive language when evaluating ideas
Explanation:
Choices seem to be ...
A: using subtle, indirect language in meetings.
B: allowing silence to linger in meetings.
C: expressing respect for others but letting issues go unresolved.
D: using competitive language when evaluating ideas.
E: expressing themselves in controlled, measured ways.
__
"Assertive" meaning "showing a confident or forceful personality", we don't expect subtle, or controlled language; nor do we expect lingering silence or unresolved issues. We expect choice D to be most likely.
Material costs of $200,000 and conversion costs of $214,200 were charged to a processing department in the month of September. Materials are added to the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no unit in the beginning working process, 100,000 units were started into production in September and there were 8,000 units in ending working process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?
Answer:
ending WIP : 320,000
transferred out : 1,500,000
Explanation:
Jansen Company’s general ledger showed a checking account balance of $25,020 at the end of May 2021. The May 31 cash receipts of $2,460, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1. The bank statement dated May 31, 2021, showed bank service charges of $50. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $2,010. Required: Prepare a bank reconciliation as of May 31, 2021. [Hint: You will need to compute the balance that would appear on the bank statement.]
$24,520 is the balance in a bank reconciliation as of May 31, 2021. The goal of this process is to determine the differences between the two and, as necessary, make changes to the accounting records.
What is the journal entry for bank reconciliation?When there are changes to the balance on the books, journal entries are required in a bank reconciliation. These adjustments are the result of bank statement items that were not recorded in the company's general ledger accounts.
Given
Bank Balance = $25,020
Cash Receipts = -$2460
Bank Charges = - $50
Collection = + 2010
Bank balance after reconciliation = $24,520
Bank reconciliations are an important internal control tool for preventing and detecting fraud. They also aid in the identification of accounting and banking errors by explaining the differences between the cash balances on the accounting record and the bank balance position on the bank statement.
Thus, the balance of $24,520 is shown in the bank account.
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six steps of purchasing process
Answer:
these are the steps:
Explanation:
Step 1: Identification of the need.
Step 2: The description of the product characteristics.
Step 3: Drafting the specifications. Is it necessary to issue a tender ?
Step 4: Supplier sourcing. Step 5: In-depth analysis of applications. ...
Step 6: Preparing for the negotiation.
Answer:
The six steps of the purchasing process are:
Recognition of Need: This is the first step in the purchasing process where the buyer identifies a need for a particular product or service. This can be due to various reasons such as the product being outdated or the buyer has a new requirement.
Information Search: Once the need is identified, the buyer will begin researching to gather information about the available options. This can include searching online, talking to friends and family, or contacting vendors for product details.
Evaluation of Alternatives: After gathering information about the available options, the buyer will evaluate and compare the alternatives based on factors such as price, quality, and features.
Purchase Decision: Once the evaluation is complete, the buyer will make a purchase decision based on the evaluation results. The purchase decision can be influenced by factors such as product availability, price, and the reputation of the vendor.
Purchase: After making the purchase decision, the buyer will proceed to purchase the product or service from the chosen vendor.
Post-purchase Evaluation: After the purchase is made, the buyer will evaluate the product or service to determine if it met their expectations. This can influence future purchasing decisions and the buyer's perception of the vendor's brand.
Explanation:
Which Industry tab report can be used to compare the US retail trade industry and the global retail trade industry?
Snapshot
Earnings & Drivers
GeoRev
Macro Factors
Macro Factors can be used to compare the US retail trade industry and the global retail trade industry. Thus, option D is correct.
What is the industry?An industry can be defined as an organization that is set up to create a product. This product is sold to the customer or consumer. It takes the raw material and then processes it to make a finshed good.
The US retail industry and the global written industry are all part of a macro factor, and within this factor are various fundamentals such as fiscal deposits and revenues.
Therefore, option D is the correct option.
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Acoma Co. has identified one of its cost pools to be quality control and has assigned $140,400 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 30,000 inspections annually. Suppose Acoma manufactures two products that consume 12,600 (Product 1) and 17,400 (Product 2) inspections each.
Assume that Acoma manufacturers only the two products mentioned and they consume 100 percent of the company’s quality inspections. Using activity proportions, determine how much quality control cost will be assigned to each of Acoma’s product lines.
Answer:
Acoma Co.
Product 1 Product 2
Quality control cost assigned $58,968 $81,432
Explanation:
a) Data and Calculations:
Cost of quality control = $140,400
Number of annual inspections = 30,000
Cost per inspection = $4.68 ($140,400/30,000)
Product 1 Product 2 Total
Number of inspections 12,600 17,400 30,000
Proportion of inspections 42% 58% 100%
Quality control cost assigned $58,968 $81,432 $140,400
($4.68 * 12,600) ($4.68 * 17,400)
(42% * $140,400) (52% * $140,400)
June 4 Deere Company purchased $3,500 worth of merchandise, terms n/30 from Gilbert Company. The cost of the merchandise was $2,500.
13 Deere returned $600 worth of goods to Gilbert for full credit. The goods had a cost of $400 to Johnson.
13 Deere paid the account in full. Assume use of the periodic inventory system for both companies.
Prepare the journal entries to record these transactions in Deere's books.
Answer:
Dr merchandise inventory $3,500
Cr accounts payable $3,500
Dr accounts payable $600
Cr purchases returns and allowances $600
Dr accounts payable($3,500-$600) $2,900
Cr cash $2,900
Explanation:
The purchase of goods worth $3,500 means that merchandise inventory is debited with $3,500 while accounts payable is credited with the same amount.
Upon returning goods worth $600,purchases returns and allowances is credited while accounts payable is debited.
When payment is made, cash is credited while accounts payable is debited to show that the outstanding debt has been paid
1. Juan earns $48,000 annually. He is paid twice a month. How much does he receive in gross pay in each check?
(Formula Salary/ times in a year he is paid)
O $1000
O $2000
O $500
O $3000
On January 6, Blue Spruce Corp. sells merchandise on account to Harley Inc. for $9,400, terms 3/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Blue Spruce Corp.’s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
In the given journal entry, Jan. 6 Dr Accounts receivable $9,700, Cr Sales is $9,700. Jan. 16 = Cash $10,506. Sales discounts($9,700 * 2%) $194. Accounts receivable $10,700.
The journal entries are the initial recording of the business transactions in the books of accounts. The entries are prepared in chronological order .i.e. the order of their occurrence. This helps the accountant to prepare the general ledger accounts of each account head. Journal entries can record unique items or recurring items such as depreciation or bond amortization. In accounting software, journal entries are usually entered using a separate module from accounts payable, which typically has its own subledger, that indirectly affects the general ledger.
Thus, in the given journal entry Accounts receivable is $10,700.
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Good X and Good Y are the only two goods in your economy. A typical
consumer buys 3 units of Good X and 1 unit of Good Y. What is the
(approximate) value of the Consumer Price Index this year?
The approximate value of the Consumer Price Index in this year would be 125, since we are comparing the current prices of the two goods to the base year. 3 units of Good X and 1 unit of Good Y in the current year would cost 125 times the amount they cost in the base year.
What is Consumer Price Index?Generally, The Consumer Price Index (CPI) is a measure of the average change in prices over time in a basket of goods and services typically purchased by consumers.
It is used to measure inflation and is commonly used to adjust wages and other economic indicators for inflation. CPI is calculated by comparing the cost of a basket of goods and services in a given period to the cost of the same basket in the base period.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Question 2.
Sooraj works as a salesman in a company selling pet accessories and food. He has been given a target of selling 1200 units of the food packets in a month by offering a maximum of 10% discount to his customers. In order to meet his monthly sales target, on the last two days of the month, he offers 15% discount to his customers.
In the context of the above case, is Sooraj effective in his work? Explain by giving a suitable reason in support of your answer.
Sooraj is effective in his work. This is because Sooraj was able to sell 1200 units of food packets in a month. Although he provided a 10% discount on the food packets, he was still able to meet his monthly sales target.
In addition, Sooraj offered a 15% discount on the last two days of the month to increase his sales target. It can be seen that the customers were attracted to the discount offer and Sooraj was successful in selling more units.
So, he is effective in his work because he was able to sell 1200 units of food packets in a month by offering a maximum of 10% discount to his customers and providing 15% discount to his customers on the last two days of the month.
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Merchandise costing $1,600 is sold for $2,600 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit?
Answer:
Net sales $2,548 and gross profit $948
Explanation:
2/30 means a 2% discount if payment is made within 30 days. Since the customer paid within the discount period,
net sales will be
The discount amount = 2% of $2600
=2/100 x $2600
=0.02 x $2600
=$52
Net sales:
= $2600 - $52
=$2,548
The gross profit will be the selling price- purchase price.
=$2,548 - $1,600
=$948
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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bruin manufacturing has expected ebit of $26,000 in perpetuity. a tax rat 35% and debt equity ratio of 60 percent. the firm has $60,000 in outstanding debt at an interest rate of 8percent and its wacc is 12 percent. what is the value of the firm according to m&m proposition 1 with taxes?. should bruin change its debt-equity ratio if the goal is to maximize the value of the firm? explain.
The value of the firm according to M&M proposition 1 with taxes will be as follows,
WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608
RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381
VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96
VL= VU+ Dt = $122,348.96 + .35D = $140,833.33
Or
VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12
= $140,833.33
What is M&M proposition?Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.
B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.
Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.
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How are SAE programs expanded and/or diversified?
Answer:
The SAE programs could be extended even diversified using the following techniques.
Explanation:
Increased self-employment has led to something like the SAE programs. Rather than growing the breadth of this. The concept seems to be the volume, gross margin, quantity of acres, respectively. By introducing or growing new goods as well as companies. This would be referred to those as diversification. Whilst also connecting to the awareness acquired via the SAE programs.