In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inventory for $101,000 by June 15, 2021. The second commitment requires the company to purchase inventory for $151,000 by August 20, 2021. The company's fiscal year-end is June 30. Phillips uses a periodic inventory system. The first commitment is exercised on June 15, 2021, when the market price of the inventory purchased was $85,500. The second commitment was exercised on August 20, 2021, when the market price of the inventory purchased was $120,500. Required: Prepare the journal entries required on June 15, June 30, and August 20, 2021, to account for the two purchase commitments. Assume that the market price of the inventory related to the outstanding purchase commitment was $140,400 at June 30. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer and Explanation:

The sequencing of the five steps in the communication process is as follows:

a. The communicator or the sender has an idea

b. After that he or she encodes that idea

c. Now the sender or communicator chooses the channel for the message and after selecting it they send it

d. After that the receiver decodes the message

e. And finally the received gives his or her feedback and he becomes the sender or communicator

Answer:

(Answers may vary.)

I know that as per OSHA guidelines, I must report workplace related accidents. I would ensure I implement the following OSHA guidelines:

I will report any worker fatality within 8 hours.

I will report any amputation, loss of an eye, or hospitalization of a worker within 24 hours.

Since I have more than 10 employees, I will keep a record of any serious work-related injuries and illnesses for five years.

Explanation:

The growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:

Business management can simply be defined as the productive coordination and organization of business activities. Business managers oversee operations

So therefore, the growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:

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The main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired is:

Salary, bonuses, commissions, and tips that you receive from an employer or the company are examples of earned money.

Capital gains are funds received as a result of the sale of an investment such as stocks or real estate. Earned income is often taxed more heavily than gains from investments, which are taxed less heavily.

As a result, the significance of the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired are the aforementioned.

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The coefficient variation for Carson Inc.'s returns is 4.06.

The coefficient of variation (CV) is a measure of relative dispersion or risk for a set of data. It is calculated as the standard deviation divided by the mean of the data, expressed as a percentage.

First, we need to calculate the expected return for Carson Inc.'s returns:

Expected return = (0.25 x 0.30) + (0.45 x 0.12) + (0.30 x -0.14) = 0.045 or 4.5%

Next, we need to calculate the standard deviation

Standard deviation = √((0.25 x (0.30 - 0.045)²) + (0.45 x (0.12 - 0.045)²) + (0.30 x (-0.14 - 0.045)²)) = 0.1828 or 18.28%

Finally, we can calculate the coefficient of variation

Coefficient of variation = standard deviation / expected return = 0.1828 / 0.045 = 4.06

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Labour is one of the examples of variable inputs which change in the short run, and one that doesn’t.

Thus, Variable inputs are those that can be changed in the short term when a firm seeks to change the amount of output produced. An example of that is Labour and workers.

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Suppliers who provide the goods and services your business needs to operate

The objective of a competition analysis is to uncover any market gaps and to comprehend your competitors' advantages and disadvantages in comparison to your own. An essential part of any business strategy is the competitor analysis because it will help you refine your own.

Financial analysis is the word used to describe an assessment of the viability, stability, and profitability of a project, a sub-project, or a firm. It is completed by professionals that compile reports utilizing ratios and other approaches, utilizing information from financial statements and other reports.

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Answer:

Explanation:

Answer:

A. 75%

Explanation:

A workforce is a term used to describe the number of able people working for government, establishments, institutions and private companies etc in a society. Thus, educated workforce implies the number of educated able people that have the ability to work with respect to their academic discipline.

US has a high number of workforce and compensating packages for them. But when compared to other countries, over 75% of educated workforce exists outside of the United States of America.

Answer:

Feedforward control

Explanation:

Feedforward control controls deals with active anticipation of problems and their timely solution.

Answer:

The Threat of New Entrants exerts a significant influence on the ability of current companies to generate a profit Gross Profit Gross profit is the direct profit left over after deducting the cost of goods sold, or cost of sales, from sales revenue. It's used to calculate the gross profit margin

Explanation:

Answer:

Provision = $439700*3% = $13,191

Bad debts expense = $13,191 - $3,041 = $10150

Journal entries

       Particulars                                            Debit        Credit

a)    Bad debts expenses                      $10,150

            Allowance for doubtful accounts                  $10,150

      (To record Bad debt exp )  

b)     Bad debts expenses (13191+918)        $14,109

             Allowance for doubtful accounts                  $14,109

       (To record bad debts expenses)

To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.

Option B is correct

The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.

This also helps the bank to verify the identity of the check writer and to prevent check fraud.

Option B is correct

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Answer: false

Explanation:

Answer:

The indifference point is 290 services.

Explanation:

Current location:

Rent and utilities= $5,093

Salies= $5,924

Insurance= $1,370

Total fixed cost= $12,387

Contribution margin per unit= 116 - 4= $112

New location:

Rent and utilities= $11,944

Salies= $6,992

Insurance= $2,427

Total fixed costs= $21,363

Contribution margin per unit= 151 - 8= $143

First, we need to structure the total income formula (y):

Current location:

y= 112x - 12,387

New location:

y= 143x - 21,363

x= number of services

Now, we equal both formulas and isolate x:

112x - 12,387 = 143x - 21,363

31x =8,976

x=  289.55 = 290 services

The indifference point is 290 services.

Prove:

y= 112*290 - 12,387= $20,093

y= 143*290 - 21,363= $20,107

The difference is due to round up.

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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Answer:

See the journal entry below.

Explanation:

The journal entry will look as follows:

General Journal                                     Debit ($)            Credit ($)    

Salaries Expense                                2,000,000

    FICA Taxes Payable                                                     153,000

    Federal Income Taxes Payable                                  300,000

    State Income Taxes Payable                                       125,000

    Health Insurance Payable                                             20,000

    Salaries Payable (w.1)                                                1,402,000

(To record the employee salary expense, withholdings and salaries payable.)

Working:

w.1: Salaries payable =  Salaries Expense - FICA Taxes Payable - Federal Income Taxes Payable - State Income Taxes Payable - Health Insurance Payable = $2,000,000 - $153,000 - $300,000 - $125,000 - $20,000 = $1,402,000

The option which is always true about social signals is : "They may have different meanings across cultures."

Social signals are interactions between social media users and the content you share on your website.

Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac.  ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.

Social signals include: Fac.  ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.

Explanation:

AD decreas price level increases and real GDP increase

Answer:

4 units per week

Explanation:

Calculation to Find the rate of change of sales

First step

dP/dt=5600

Second step

Since the revenue is the product of demand and sales

Hence,

R(x)=px

=(6000-25x)x

=6000x-25x²

Third step is to determine the profit which is the difference of revenue and cost.

Hence,

P(x)=R(x)-C(x)

=6000x-25x²-(2400x+ 5200)

=6000x- 25x² -2400x-5200

=3600x-25x²-5200

Fourth step is to Differentiate the profit with respect to time

dP/dt=3600 dx/dt- 50 dx/dt-0

=50(3600/50-x) dx/dt

=50(72-x) dx/dt

Now let Find the rate of change of sales when dP/dt=5600 and x =44

5600=50(72-44) dx/dt

5600=50(28) dx/dt

5600=1400 dx/dt

dx/dt=5600/1400

dx/dt= 4 units per week

Therefore the rate of change of sales is 4 units per week

Answer: $261000

Explanation:

Based on the information given in the question, the controllable margin for the year will be calculated thus:

Contribution margin = $308000

Less: Direct fixed cost = $47000

Controllable margin = $261000

Therefore, the controllable margin is $261000.

Answer:

Explanation:

Receivables turnover = $610,000[($21,000 + $25,000)2] = 26.52; Receivables period = 36526.52 = 13.76 days

The correct journal entry would be Debit Accounts Payable $2,300 ; Credit Merchandise Inventory $46 and Credit Cash $2,254.

A bookkeeping method known as the double entry or journal entry involves recording transactions in two or more accounts. The majority of transactions involve two accounts. The difference between the two accounts gets credited to the other. Moreover, both accounts could be credited or debited. More than two entries may be necessary for some transactions. The transactions that have an impact on more than two accounts are those. For instance, things that are discounted or that are partially paid for with credit and partially with cash. Compound entries are used in the journals for these transactions.

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The complete question is: A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $900 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:

Because of how much wool is worth, there is potential money available in the amount of ZAR500M.

This will be discussed in further detail below.

In the study of economics, "capital goods" or "capital" refers, in general, to "those durable created items that are in turn employed as productive inputs for future production" of commodities and services.

These "items" are defined as "those durable created items that are in turn employed as productive inputs for future production." According to one definition of capital stock, "the country's capital stock contains buildings, equipment, software, and inventories at any given year" when speaking of the nation as a whole, "the nation's capital stock."

In conclusion, the total amount of money that might be obtained via the sale of wool is ZAR500 Million.

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A company's product mix refers to all of the many product lines and unique products or services that it provides. Product portfolio or product assortment are other names for the same thing. Different firms have different product combinations.

A product line is a collection of connected goods sold by the same business and marketed under a single brand name. Businesses market many product lines under their various brand names in an effort to set them apart from one another for easier customer use.

Product lines are used by businesses to broaden their audience and draw in additional customers. To entice current consumers to make more purchases, they broaden their product offerings. The usage of product lines by marketers

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