Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 2019: Sales revenue $3,425,000 Selling expense $782,000 Research and development 96,400 Gain on sale of bonds 20,300 Interest income 18,400 Cost of goods sold 1,611,000 Restructuring costs 112,000 General and administrative expense 585,700 Interest expense 32,000
The restructuring costs were incurred as a result of one-time changes in raw materials management. Slattery prepares multiple-step income statements. Use 25% as the tax rate.
Slattery Corporation's Net income for 2019 equals_______.
Select one:
a. $267,450
b. $334,725
c. $262,425
d. $183,450
e. $244,600
Answers
Answer:
The correct option is d. $183,450.
Explanation:
The multiple-step income statement can be described as an income statement that shows gross profit which is net sales revenue minus the cost of goods sold, and separates an organization's operating revenues and operating expenses from its nonoperating revenues, nonoperating expenses, gains, and losses.
The multiple-step income statement is different from a single-step income statement which only employs just one equation to determine profits by simply deducting total revenue from total expenses.
Slattery Corporation's Net income for 2019 can be determined by preparing its Multi-Step Income Statement for 2019 as follows:
Slattery Corporation
Multi-Step Income Statement
For the Year Ended December 31, 2019
Particulars $ $
Sales revenue 3,425,000
Cost of goods sold (1,611,000)
Gross profit 1,814,000
Operating expenses:
Selling expense (782,000)
General and administrative expense (585,700)
Total operating expenses (1,367,700)
Operating income 446,300
Other expenses and income:
Research and development (96,400)
Gain on sale of bonds 20,300
Interest income 18,400
Restructuring costs (112,000)
Interest expense (32,000)
Total other expenses and income (201,700)
Income before tax 244,600
Tax (Tax rate * Income before tax) 61,150
Net income 183,450
Therefore, the correct option is d. $183,450.
Related Questions
Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Rundle Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows.
Existing Equipment Replacement Equipment
Historical cost $ 109,000 Market price $ 110,000
Operating expenses* 120,000 Operating expenses* 111,000
Salvage value 29,000 Salvage value 11,000
Market value 40,000 Useful life 8 years
Book value 35,000
Remaining useful life 8 years
*The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment.
Required
Calculate the total relevant cost of existing equipment and the potential replacement equipment. Should the equipment be replaced?
Answers
Based on the historical cost of the existing equipment to Rundle Company, the total relevant cost of existing equipment would be $131, 000.
The total relevant cost of the potential replacement equipment would be $210, 000.
The equipment should not be replaced because cost of the replacement equipment will be more than the cost of the existing equipment.
How to find the cost of the equipment?The total relevant cost of the existing equipment can be found by adding the operating costs and the market value and then deducting the salvage value. This is because the historical cost is no longer relevant.
The total relevant cost is therefore:
= Operating expenses - Salvage value + Market value
= 120, 000 - 29, 000 + 40, 000
= $131, 000
The total relevant cost of the potential replacement equipment would be calculated using the historical cost because this would be the same as the market price. This is because the equipment is yet to be purchased.
The total relevant cost is:
= Historical Cost + Operating expenses - Salvage value
= 110, 000 + 111, 000 - 11, 000
= $210, 000
The total relevant cost for the existing equipment is less than that of the potential replacement so the equipment should not be replaced.
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Which of the following is one of the three arguments in favor of narrow corporate social responsibility?
a. let-government-do-it
b. visible-hand
c. society-lacks-the-expertise
d. business-can-handle
Answers
Answer:
Option "A" is the correct answer to the following question.
Explanation:
Corporate Social Responsibility is a theory of social private enterprise self-regulation which always seeks to lead to public interests of a philanthropy, political or humanitarian nature by participating or encouraging voluntary or ethical action.
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $160,200 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% of the first $7,000 paid to its employee and SUTA taxes are 3% of the first $8,500 paid to its employee.
Gross Pay through August 31 Gross Pay for September
a. $ 6,400 $ 800
b. 18,200 2,100
c. 153,900 8,000
Compute BMX’s amounts for each of these four taxes as applied to the employee’s gross earnings for September under each of three separate situations (a), (b), and (c). (Round your answers to 2 decimal places.)
Answers
To calculate BMX Company's amounts for each of the four taxes as applied to the employee's gross earnings for September, we will use the provided tax rates and the gross pay for each situation.
Situation (a):
Gross Pay for September: $800
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $800 = $49.60
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $800 = $11.60
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $800 = $4.80
SUTA taxes: 3% of the first $8,500 = 0.03 * $800 = $24.00
Situation (b):
Gross Pay for September: $2,100
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $2,100 = $130.20
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $2,100 = $30.45
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $2,100 = $12.60
SUTA taxes: 3% of the first $8,500 = 0.03 * $2,100 = $63.00
Situation (c):
Gross Pay for September: $8,000
FICA Social Security taxes: 6.2% of the first $160,200 = 0.062 * $8,000 = $496.00
FICA Medicare taxes: 1.45% of gross pay = 0.0145 * $8,000 = $116.00
FUTA taxes: 0.6% of the first $7,000 = 0.006 * $8,000 = $48.00
SUTA taxes: 3% of the first $8,500 = 0.03 * $8,000 = $240.00
Please note that the calculations are based on the information provided, and the amounts are rounded to 2 decimal places.
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As a human capital mgt, (HND) write a letter to any company of your choice telling then of how you can help them to impact their organization mgt system that fall and help then to improve productivity in the organization structure community.
Answers
Based on the content of the questions, writing a letter to any company and telling them how to assist them to impact and improve their organization mgt system that falls will require a Business Application Letter
What is Business Application Letter?A business Application Letter is a form of a letter written by individuals or business firms to explain why one is the perfect fit for the advertised position or the work one wants to execute for the client.
In this case, the Business Application Letter you will write as a human capital manager will include the following:The first paragraph will introduce yourself and your expertise.The second paragraph will explain the cause of the organization's management system that fails.The third paragraph will briefly mention alternative solutions to the organization management system failureThe fourth paragraph will briefly explain how to apply and implement the solution you'll be utilizing for themThe fifth paragraph will state the benefits of employing you for the job.You will then conclude the letter with a salutation and positive expectations from them.Hence, in this case, it is concluded that the correct approach to solve this situation is to write a Business Application Letter.
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2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
Answers
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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compare and contrast the different types of sentences in active writing.
Answers
In active writing, there are four different types of sentences: simple, compound, complex, and compound-complex.
A simple sentence consists of one independent clause and expresses a single idea. This type of sentence is commonly found in concise writing and can be useful for emphasizing a main point.
A compound sentence consists of two or more independent clauses, joined by a coordinating conjunction such as "and" or "but." This type of sentence is useful for showing relationships between ideas and can help the writer connect different ideas cohesively.
A complex sentence consists of an independent clause and at least one dependent clause. The dependent clause cannot stand alone as a complete sentence. This type of sentence emphasizes a subordinate idea to the main idea.
A compound-complex sentence consists of two or more independent clauses and at least one dependent clause. This type of sentence combines the features of the compound and complex sentence structures.
In general, the different sentence structures allow writers to convey a wide range of ideas and connect them in various ways. Each one has its advantages, and writers can use them strategically to create a clear and effective communication of their ideas.
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Based on your risk tolerance, which strategy do you think you would use--dollar-cost averaging or
lump sum investing? Explain your reasoning.
Answers
Dollar-Cost Averaging is less risky than Lump-Sum Investing but with lower returns. A person who has a low tolerance for risk will opt for Dollar-Cost averaging.
What Is Dollar-Cost Averaging?This refers to an investment strategy that involves dividing up the total amount to be invested across periodic purchases of a particular asset. This serves to reduce the impact of volatility.
What is Lump-Sum Investing?As the name implies, this means that investor puts all or a huge bulk of their money into the market all at once.
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Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Answers
Answer:
a. Cash flow from Finance Activities - Cash Inflow $300,000.
b. Cash flow from Investment Activities - Cash Outflow $270,000.
c. Cash flow from Investment Activities - Cash Inflow $30,000.
d. Cash flow from Finance Activities - Cash Outflow $75,000.
Explanation:
The Statement of Cash flows shows 3 types of Cash flow headings which are :
Cash flow from Operating ActivitiesCash flow from Investment ActivitiesCash flow from Financing ActivitiesOperating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance
The sustainable growth rate: Multiple Choice assumes the debt-equity ratio is variable. is normally higher than the internal growth rate. assumes the dividend payout ratio is equal to zero. assumes there is no external financing of any kind. is based on receiving additional external equity financing.
Answers
Answer:
assumes there is no external financing of any kind.
Explanation:
Sustainable growth rate is an economic term that is used to describe the maximum rate of development in which a firm or corporation can provide for without necessarily needing to seek for external source of finance such as more equity or debt for the growth.
Hence, in this situation, the correct answer is that the sustainable growth rate assumes there is no external financing of any kind.
For a 12-person team, how many additional employees will need to be hired to meet the labor hours needed without overtime
Answers
The additional number of employees needed is 3.
Total labor hours required per week = 600
Available regular hour per person per week = 40
For 12-person team, the total available regular hour = 40*12 = 480 per week.
Additional regular hours required to fulfill the requirement = 600 - 480 = 120 hours per week.
Additional number of employees needed = Additional regular hours required / Regular hour per person per week
Additional number of employees needed = 120/40
Additional number of employees needed = 3
The missing word is "amazon Labor Information -Regular Rate $15.00/hr -Overtime Rate $22.50/hr -Targeted Labor Cost $9,000/wk -Labor Hours Needed 600/wk -Any hour worked over 40 hrs/wk must be paid overtime rate For a 12-person team, how many additic 3 3 15 50 120 750"
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After taking this course and learning more about business communication, do some internet research on companies that make communication in the workplace a priority. Find one organization that stands out to you as one that you would be excited to work for.
Name the organization.
What did you discover about this organization and their approach to communication in business?
Share what makes their communication strategy unique or intriguing to you?
What will you look for in organizations you want to work for? What will you look for in managers as you interview with organizations in the future?
Answers
Go-ogle is one of the most sought-after companies in terms of employment. Employees at Go-ogle make a lot of money in addition to enjoying benefits like access to dog parks and coffee cafes.
Why is working for Go-ogle a fantastic opportunity?It is a popular choice among job seekers since the company provides its employees with cutting-edge tools and technology as well as a friendly work atmosphere. It is a popular choice because of its career progression opportunities, competitive pay structure, and other perks.
In addition to having flexible hours, It allows its employees to work remotely for up to four weeks every year. A "work-from-anywhere week" is an employee advantage that allows them to bring their work with them wherever they go.
What is the communication method it employs?It provides several different ways to communicate, such as social networking, text messaging, videos, and email. The benefit of using it for some of your communication needs is that all of the tools can be accessed with a single username, and information is integrated between them without any gaps.
Why do you want to work for your business?Express your pas-sion for the goals, goods, and services of the business. Employers want to know that you are pas-sionate about their job, whether it is a service, a mission, a brand, or a combination of these. The organization's guiding values, which are typically posted on its web-site, may help you connect your pas-sion to the organization.
What traits should I evaluate while interviewing a manager?A person like this might be emotionally intelligent, well-organized, inspiring, or a gifted speaker. To be able to describe a manager who would work well in that environment, you should take the time to study the organizational structure of the company and where your desi-red position would lie within it.
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When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the closing inventory but not why we credit it.
Answers
Answer:
Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.
Explanation:
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.
Answers
If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.
One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.
The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.
It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.
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A senior executive employed by a major consultancy was recently quoted as saying the following: 'As a result of the speed of change in the development of web and mobile technology, traditional concepts of MIS are now completely irrelevant.' a. Discuss the degree to which you agree OR disagree with this statement, with at least THREE supporting examples.
Answers
I disagree with the statement that states that "As a result of the speed of change in the development of web and mobile technology, traditional concepts of MIS are now completely irrelevant.'" because these concepts are still very relevant in organization using its data to facilate decision making.
What is a Management Information system?Basically, a management Information system refers to an idea that is associated with man, machine, marketing and methods for collecting of information from the internal, external source and, then processing such information for the purpose of facilitating the process of decision-making of the business.
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How can events in a process costing system affect financial statements? Provide examples.
Answers
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Life insurance immediately creates an estate upon the death of an insured. Which of the following
policies is characterized by a guaranteed minimum death benefit?
Answers
The type of policy that is characterized by a guaranteed minimum death benefit is known as a whole life insurance policy.
A whole life insurance policy is a permanent life insurance policy that offers lifelong protection to the insured and pays out a death benefit to the beneficiaries upon the death of the insured.
One of the key features of a whole life insurance policy is the guaranteed minimum death benefit, which means that the death benefit will never be less than a certain amount, regardless of how the policy performs. This provides a sense of security to the insured and their beneficiaries, knowing that there will always be a minimum amount of money that will be paid out.
In addition to the guaranteed minimum death benefit, whole life insurance policies also offer a cash value component. As premiums are paid, a portion of the premium is set aside in a cash value account that grows tax-deferred over time. This cash value can be accessed by the policyholder during their lifetime through policy loans or withdrawals.
Overall, a whole life insurance policy is a great option for those who are looking for lifelong protection and a guaranteed minimum death benefit. It offers peace of mind to the insured and their beneficiaries, knowing that there will always be a minimum amount of money paid out upon the death of the insured.
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Answer: variable life
Explanation: the variable nature a variable whole life insurance is its death benefit. however, if investment performance is poor, the death benefit will not go lower than the policy's guaranteed minimum.
The daily water consumption for an Ohio community is normally distributed with a mean consumption of 850,125 gallons and a standard deviation of 64,190 gallons. The community water system will experience a noticeable drop in water pressure when the daily water consumption exceeds 934,672 gallons. What is the probability of experiencing such a drop in water pressure? (Round your answer to 4 decimal places. Round Z-scores to 2 decimal places.)
Answers
Answer:
908.315
Explanation:
Why Is Purchasing Capacity More Expensive Than Running a Second Shift?
Answers
The value of a currency expressed in terms of the number of goods or services that one unit of currency can purchase is known as purchasing power.
What is the meaning of purchasing?The deliberate acquisition of goods and services for the benefit of the buyer is known as purchasing. The timely and affordable acquisition of necessary items depends on purchasing activities.
The most power that can ever be taken from the grid is defined as the Purchase capacity. Due to the impact of demand charges, it is a decision variable. Over time, inflation may cause it to weaken. That's because you can buy fewer products or services as a result of rising prices.
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Jolie Company owns equipment with a cost of $342,500 and accumulated depreciation of $222,625.
Required:
Prepare the journal entry to record the disposal of the equipment on April 9.
Answers
The required journal entries in the books of Jolie Company to record the disposal of the equipment are as follows:
Journal Entries:
Debit Sale of Equipment $342,500
Credit Equipment $342,500
To transfer Equipment to Sale of Equipment account.Debit Accumulated Depreciation $222,625
Credit Sale of Equipment $222,625
To transfer Accumulated Depreciation to Sale of Equipment account.Data Analysis:
Sale of Equipment $342,500 Equipment $342,500
Accumulated Depreciation $222,625 Sale of Equipment $222,625
If the disposal or sale is for cash, the Cash Account is debited while the Sale of Equipment is credited. From the Sale of Equipment account, the profit or loss from disposal will be determined.
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2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?
Answers
Ernesto payed $ 4352 in tax
What do you think is the most important step in the sales process?
Answers
Answer:
I think the way you market a product and how you advertise it is the most important step in the sales process because you can hook your consumers on it and have them buy, and advertising your product can get it out there so more people can see it, and hopefully buy it.
Explanation:
Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answers
Answer:
peak
Explanation:
57. Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the size of Mark‟s monthly payments if he makes the minimum down payment on the car?
Answers
Note that , Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
How is this so?Given
Loan amount - $14,850
Loan term - 48 months
Interest rate - 0.0067 per month(8 % annual rate divided by 12 months)
Using the formula for a fixed- rate loan,the monthly payment (P) can be calculated as follows:
P = (Loan Amount * Monthly Interest Rate) /(1 - (1 + Monthly Interest Rate)^(-Number of Months))
P = ($ 14,850 * 0.0067) /(1 - (1 + 0.0067)^(-48))
computing we have
P = ($99.50) / (1 - (1.0067)^(-48))
P = ($99.50) / (1 - 0.7035)
P = ($99.50) / (0.2965)
P ≈ $335.89
Therefore, Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.
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On December 31, Strike Company sold one of its batting cages for $20,084. The equipment had an initial cost of $223,162 and had accumulated depreciation of $200,846. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?
Answers
Answer:
Loss on disposal = $2232
Explanation:
To calculate the amount of gain or loss on sale, we must first calculate the net book value or NBV of the asset. The net book value is the difference between the cost of the asset and the accumulated depreciation. The formula for NBV is as follows,
NBV = Cost - Accumulated depreciation
NBV = 223162 - 200846
NBV = 22316
If the sales proceeds are more than the NBV of the asset, the asset is sold on gain and vice versa.
Loss on disposal = 20084 - 22316 = - $2232 or$2232 loss
A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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Dean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most importanDean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most important priorities are. This thinking most closely resembles which of the following four-frame model principles?
.
Social architecture
b.
DEVELOP AGENDA AND POWER BASE
c.
INSPIRATION
d.
ALIGN ORGANIZATIONAL AND HUMAN NEEDS
e.
TECHNOLOGY
Answers
Dean's thinking, in bringing up the ambiguity facing branch managers at First National Bank, most closely resembles option d. ALIGN ORGANIZATIONAL ...
Ordinarily, the four-frame model mandates that the senior leadership of First National Bank must ensure that their branch managers' behavior and actions do not sabotage management strategic plans and business models.
This feature of the Human Resources framework ensures that organizational goals are aligned with human needs for the achievement of company objectives.Branch managers perform important customer-facing roles that drive corporate performance. They are also in direct contact with many employees.
Thus, the alignment of organizational and human needs will help clear the ambiguity faced by the managers at First National Bank branches.
Learn more about the four-frame model at https://brainly.com/question/14697926 and brainly.com/question/14470950
In Year 1, the investor acquired 10% ownership of investee and applied fair value method to account for the investment. In Year 2, the investor acquired another 30% ownership and applied equity method to account for the investment (40% ownership). In Year 3, the investor sold 35% ownership of the investee and started using fair value method again to account for the investment (5% ownership). Should the investor apply retrospective adjustment in Year 2 and Year 3
Answers
Answer:
b
Explanation:
A small ice cream business earns $26538 profit during the two months of July and August. This represents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.
Answers
Let the annual profit be x.
profit earned in July and August is 35% of the annual profit
=> $26538 = 35% of x
=> $26538 = (35/100) × x
=> $26538 × (100/35) = x
=> $2653800/35 = x
=> $530760/7 = x
So, the profit is $530760/7.
The annual profit is $75,823.
Given that,
Two months profit is $26,538.This two month profit represents 35% of annual profit.We need to find annual profit.According to the scenario, computation of the given data are as follows,
Let annual profit be X.
So, X \(\times\) 35% = 26,538
X = 26,538 \(\div\) 0.35
X = 75,822.86 or 75,823
Hence annual profit = $75,823.
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