Answers
Answer:
The journal entries alongwith its explanation are as under:
Explanation:
Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:
Dr Treasury Stock (1800 share*$8 per share) $14,400
Cr Cash $14,400
Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:
Dr Cash (1200*9) $10,800
Cr Treasury stock (1200*8) $9,600
Cr Paid in capital from sale of treasury stock $1,200
Related Questions
Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,200,000; June, $1,500,000; July, $1,400,000; and August, $1,400,000
Accounts Payable Merchandise Inventory
May 31 $150,000 $260,000
June 30 130,000 500,000
July 31 300,000 300,000
August 31 120,000 330,000
(1) Compute the budgeted amounts of merchandise purchases.
(2) Compute the budgeted amounts of cost of goods sold.
Answers
Answer:
1. Computation of Budgeted amount of Merchandise Purchases
Particulars June July August
Ending Accounts Payable $130,000 $300,000 $120,000
Payments on account $1,500,000 $1,400,000 $1,400,000
$1,630,000 $1,700,000 $1,520,000
Beginning Accounts Payable $150,000 $130,000 $300,000
Purchases $1,480,000 $1,570,000 $1,220,000
2. Computation of Budgeted amount of Cost of Goods Sold
Particulars June July August
Beginning inventory $260,000 $500,000 $300,000
Purchases $1,480,000 $1,570,000 $1,220,000
Cost of goods AFS $1,740,000 $2,070,000 $1,520,000
Ending Inventory $500,000 $300,000 $330,000
Cost of goods sold $1,240,000 $1,770,000 $1,190,000
In the first seven months of 2015, the percentage of all e-mail that is spam averaged
around?
Answers
Answer:
55%?
Explanation:
Im not sure, i did some research on it and most of it was saying 50-70 percentage
Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to repurchase shares from its investors, and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.The market value of Luther's non-cash assets is closest to:
Answers
The non-cash assets of Luther is closest to a market value of $20 billion.
Based on the accounting equation that Assets = Liabilities + Equity, the non-cash assets can also be determined as follows:Non-cash Assets + Cash = Liabilities + Equity (market value)Non-cash assets = 0 + $25 billion - $5 billionNon-cash assets = $20 billion.
Data and Calculations:
Available cash = $5 billion
Number of equity shares = 1.25 billion
Current market price per share = $20
Market value of Equity = $25 (1.25 billion x $20)
Non-cash assets = $20 ($25 - $5) billion
Thus, Luther's non-cash assets has a market value of $20 billion.
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One key goal of marketing is to
Answers
Answer:
Increase Sales and/or Revenue
If you are selling products or services, you may want to focus on selling more of those offerings. This is one of the marketing objectives that will increase revenue and the amount of money coming into your business.
Explanation:
Plz Mark me as brainliest
Answer:promote new products or services
Grow digital presence
Lead generation
Develop brand loyalty
Retain existing customers
Target new customers
Explanation:
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials):
Selling expenses $ 140,000
Purchases of raw materials $ 290,000
Direct labor ?
Administrative expenses $ 100,000
Manufacturing overhead applied to work in process $ 285,000
Total actual manufacturing overhead costs $ 270,000
Inventory balances at the beginning and end of the year were as follows:
Beginning of Year End of Year
Raw materials $ 40,000 $ 10,000
Work in process ? $ 35,000
Finished goods $ 50,000 ?
The total manufacturing costs for the year were $683,000; the cost of goods available for sale totaled $740,000; the unadjusted cost of goods sold totaled $660,000; and the net operating income was $30,000. The company’s overapplied or underapplied overhead is closed entirely to Cost of Goods Sold.
Required:
a. Prepare a schedule of cost of goods manufactured.
b. Prepare a schedule of cost of goods sold.
c. Prepare an income statement for the year.
Answers
Answer and Explanation:
The Preparation of cost of goods manufactured is shown below:-
Statement of Cost of Good Manufactured
Particulars Amount
Direct Material
Beginning Inventory a $40,000
Purchases b $290,000
Direct material available $330,000
(c = a + b)
Ending direct material
inventory d $10,000
Direct Material used $320,000
(e = c - d)
Direct Labor $398,000
($683,000 - $285,000 - $320,000)
Factory Overhead $285,000
Total Manufacturing Cost $683,000
Add: Beginning WIP Inventory $42,000
($690,000 + $35,000 - $683,000)
Less: Ending WIP Inventory $35,000
Cost of goods manufactured $690,000
b and c The Preparation of schedule of cost of goods sold and income statement for the year is prepared below:-
Schedule of cost of goods sold
Income statement for the year
Particulars Amount
Sales $915,000
($270,000 + $645,000)
Cost of goods sold
Beginning inventory of
finished product $50,000
Cost of goods manufactured $690,000
Cost of goods available
for sales $740,000
Less:Ending finished good
inventory $80,000
($740,000 - $660,000)
Cost of goods sold
(Unadjusted) $660,000
Over-applied Overhead $15,000
($285,000 - $270,000)
Cost of goods sold (Adjusted) $645,000
($660,000 - $15,000)
Gross profit $270,000
($30,000 + $100,000 + $140,000)
Less: Selling & Administrative Expenses
Selling Expenses $140,000
Administrative expenses $100,000 $240,000
Operating income $30,000
a. The schedule of cost of goods manufactured is $690,000
b. The schedule of cost of goods sold is $645,000
c. The income statement for the year is $30,000
a. Superior Company Schedule of cost of goods manufactured
For year ended December 31
Direct materials:
Beginning inventory of raw materials $40,000
Raw material purchases $290,000
Raw materials available for use $330,000
($40,000+$290,000)
Less Ending inventory of raw materials ($10,000)
Direct materials used $320,000
($330,000-$10,000)
Direct labor $78,000
Manufacturing overhead applied $285,000
Total manufacturing costs $683,000
($320,000+$78,000+$285,000)
Add beginning WIP $42,000
Total cost of work in process $725,000
($683,000-$42,000)
Less Ending WIP ($35,000)
Cost of goods manufactured $690,000
($725,000-$35,000)
b. Superior Company Schedule of cost of goods sold For year ended December 31
Beginning finished goods inventory $50,000
Add Cost of goods manufactured $690,000
Cost of goods available for sale $740,000
($50,000+$740,000)
Less Ending finished goods inventory ($80,000)
Unadjusted Cost of goods sold $660,000
($740,000-$80,000)
Less Over applied overhead ($15,000)
Adjusted cost of goods sold $645,000
($660,000-$15,000)
c. Superior Company Income Statement
For year ended December 31
Sales revenue $915,000
Less Cost of goods sold $645,000
Gross profit $270,000
($915,000-$645,000)
Less Selling Expenses ($140,000)
Less Administrative Expenses ($100,000)
Operating Income $30,000
($270,000-$140,000-$100,000)
Inconclusion The schedule of cost of goods manufactured is $690,000; The schedule of cost of goods sold is $645,000 and The income statement for the year is $30,000.
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How can a young adult maximize the benefits of their education and career training? Determining a specific industry of interest early in their programs Earning the highest degree possible from one of the best universities Trying as many different types of classes and training as are available Avoiding any career certification programs as they are not worthwhile
Answers
By trying as many different types of classes and training as are available, a young adult abilities maximize the benefits of their education and career training communication.
You can also boost your confidence by developing new communication and problem-solving abilities and by accomplishing your goals. Your personality type and the degree of job fulfilment you want are two of the most important factors to take into account. Show how your goals fit with the long-term objectives and vision of the organization. Explain to the interviewer communication the position will help you acquire the knowledge and expertise required to realize abilities career goals. Making a career plan is crucial because it provides the direction you need and clarifies where you want to go in your career.
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Answers
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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Which of the following statements is true of investments in training?
Answers
Answer: Option A
Explanation:
Instructors, both full-time staff members and individuals hired on a contract basis, typically represent the biggest cost of training
f structural unemployment is 2%, frictional unemployment is 3%, and cyclical unemployment is 4%, the actual unemployment rate is _____%. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices 3 4 5 9
Answers
If structural unemployment is 2%, frictional unemployment is 3%, and cyclical unemployment is 4%, the actual unemployment rate is 3%. Hence, option A is correct.
What is structural unemployment?Examples of structural unemployment include labor markets in manufacturing and the fruit-picking industry. The economy becoming inefficient is one of structural unemployment's key drawbacks.
A type of unemployment known as structural unemployment can endure for a long time and be brought on by demographic or technological developments. Economic downturns or modifications in business conditions that have an impact on the need for labor are the main causes of cyclical unemployment.
Thus, option A is correct.
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Project: Planning for Retirement
a retirement chart
There are many ways to save for retirement: putting money away into a treasure chest, purchasing gold nuggets, investing in real estate, or financial assets. The method that is right for you depends on your income as well as your personal preferences, such as risk tolerance. You can compare different methods and approximate your savings at retirement to help you determine the option that best suits your personal needs and preferences. It is a good idea to approximate the income you will need at retirement before you start investing. This is where retirement planning becomes important to consider. How much money do you think you would need to retire by age 67? Which investment options are the most profitable when saving for retirement?
In this project, you will explore how to construct a retirement plan and consider the various investment options that are financially beneficial as it pertains to retirement
OBJECTIVES
Construct a retirement plan given a yearly salary.
Compare investment options to determine the most financially beneficial option for a given situation.
Answers
To construct retirement plan, you can start by creating the retirement chart.
What is a retirement plan?A retirement plan is a financial strategy that helps individuals save and invest for their retirement years. This plan can be a combination of employer-sponsored plans like 401(k) or individual retirement accounts (IRAs). The main objective of a retirement plan is to accumulate enough funds to provide a regular income in retirement. Retirement plans typically involve contributing a portion of your earnings into an investment account that grows over time. The contributions can be tax-deductible, and the earnings grow tax-free until you start withdrawing the money in retirement. The plan may also have restrictions and penalties for early withdrawals. A well-designed retirement plan can help ensure a comfortable retirement with financial security, and it's essential to start saving and investing early to maximize the benefits of the plan.
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1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
Answers
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
A holiday sales flyer advertised a video game system for a significantly reduced price and
video game with purchase. Later that day, the sales associate told you that the store is out of
both items. Instead, you were offered a different system and games at full retail prices. What is this type of fraud called?
Answers
It’s like bait, they get you in the store only to tell you they don’t have the item, then proceed to sell you something much more expensive.
15. What is the net operating income for the year?
Answers
Where the above conditions are given, the net operating income for the year is $785,700
How is this so?Sales revenue - Cost of goods sold = Gross profit
Gross profit - Selling and administrative expenses = Operating income
Sales revenue - $2,970,000 Cost of goods sold - Beginning inventory - $52,800 Raw materials used in production - $608,000 Direct labor - $580,000 Manufacturing overhead applied - $647,500 (41,000 direct labor-hours $15.75 per direct labor-hour) Total cost of goods sold - $1,808,300Selling and administrative expenses - $376,000
Operating income is given as $2,970,000 - $1,808,300 - $376,000 = $785,700
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WHAT GOAL MIGHT THE PURSED BY MANAGERS
INTEAD OF MAXIMIZATION OF SHARE HOLDER
WEALTH?
Answers
Answer:
Instead of seeking to maximize some objective (such as shareholder wealth), managers “satisfice”, or seek acceptable levels of performance, while maximizing their own welfare.
Explanation:
I searched the answer up :(
The current portion of long-term debt should
a. be paid immediately
b.not be separated from the long-term portion of debt
c. be reclassified as a current liability
d. be classified as a long-term liability
Answers
The current portion of long-term debt should be classified as a long-term liability. Thus, option (d) is correct.
What is debt?
The phrase “debt” refers to the money that one can borrow. Debt is the cash raised by issuing bonds or debentures.
A company's ability to pay off a long-term debt's current component within a year is represented by this number. So, a sum of this magnitude that is due in the next 12 months shouldn't be listed as a long-term liability.
Therefore, option (d) is correct.
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AAA Manufacturing Inc, makes a product with the following costs per unit: Direct materials $150 Direct labor $90 Manufacturing overhead (variable) $60 Manufacturing overhead (fixed) $120 Marketing costs $85 What would be the inventoriable cost per unit under variable costing and what would it be under absorption costing?
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Direct materials $150
Direct labor $90
Manufacturing overhead (variable) $60
Manufacturing overhead (fixed) $120
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing:
Unitary production cost= 150 + 90 + 60= $300
Absorption costing:
Unitary production cost= 300 + 120= $420
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase
Answers
Answer:
d. a contract setting the price and date for a commodity purchase
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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Caleb wants to start a business in the health and wellness industry, but before taking the time and effort to create this business, he should know how this business sector has recently performed and where it is headed. Basically, Caleb needs to educate himself on _____.
Group of answer choices
industry trends
marketing materials
tax practices
Human Resources
_____ accountants prepare financial information for people who are both inside and outside the company to assess if the company is performing well.
Group of answer choices
Inspection
Quarterly
Financial
Managerial
If Cameron prepares information—such as reports on costs and operations—for the use of employees only, what type of accountant is he?
Group of answer choices
Managerial
Financial
Tax-specific
Educational
Jonathan and his partner Drew understand they need to create a document to address stipulations for working with their vendors who supply building materials and home decor staging products for their home show. While drafting a contract, what key principles should Jonathan and Drew remember?
Group of answer choices
Professional representation; legal structure
Exchange of value; offer and acceptance
Legal structure; exchange of value
Offer and acceptance; professional representation
Answers
In order to know how the business has performed recently, Caleb should educate himself on industry trends.
Financial accountants prepare financial information for people who are both inside and outside the company.
If Cameron prepares information for employees only, the type of accountant he is Managerial accountant.
The key principles that Jonathan and Drew should remember are Exchange of value; offer and acceptance.
What should Caleb do?It would be best if Caleb was knowledgeable about the business he wants to go into so that he can know if he can make a profit of a loss from the industry. He should therefore try to learn about the trends in the industry.
What type of accountants are there?Financial accountants are those who prepare the financial statements of a company according to known accounting standards such as IFRS and U.S. GAAP because these statements will be used by people both inside and out of the company.
Management accountants on the other hand, make reports that help employees make decisions about the company and are not meant for external stakeholders.
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*Will award Brainliest if correct!*
The time you define as being busy on the device.
(A) Active hours
(B) My time
(C) Windows schedule
Answers
Answer: it would active hours
Explanation: Simply, that is your active hours on your computer
The correct answer is: (A) Active hours
What are energetic hours on a computer?
Energetic hours discover the time frame while you anticipate the device to be in use. automated restarts after an update will arise outdoor during the energetic hours. via default, lively hours are from eight AM to 5 PM on pcs and from 5 AM to eleven PM on phones. customers can trade the active hours manually.
It is referred to as energetic hours. active hours are a time variety you could set to permit your computer to recognize whilst you're commonly the usage of your tool, so it might not restart robotically throughout the one's instances.
What is the means of energetic hours in home windows 10?
Energetic hours allow home windows to understanding while you're typically at your laptop. we'll use that data for agenda updates and restarts when you're no longer the usage of the pc.
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If the production function is Q = K.5L.5 and capital is fixed at 9 units, then the marginal product of labor when L = 49 is
A. 9/98
B. 1/14
C. 3/14
D. 3
Answers
If the production function is Q = K.5L.5 and capital is fixed at 9 units, then the marginal product of labor when L = 49 is 3/14. Hence, option C is correct.
What is marginal product?The change in output caused by a unit or infinitesimal change in the quantity of a production factor, while leaving all other input consumption in the production process constant, is commonly characterized as the marginal product of that factor.
The excess production produced as a result of an increase in the company's input is known as its marginal product. It is also known as MPP, or marginal physical product. Practically speaking, this might refer to the extra doughnuts made in a donut shop if they hire a second worker.
Thus, option C is correct.
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Every day, Dawa comes to work
intoxicated, and this compromises
his work efficiency. Dawa is
engaging in
Select one:
a. corruption
b. Workplace deviancev
c. Property deviance
d. Sabotage
= Workplace deviance
Answers
Answer:
the answer is workplace deviancey
Answer:
You are indeed correct
Explanation:
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390
Answers
The total gross margin for the month under absorption costing is $16,120.
What is the total gross margin?Total variable cost per unit:
Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12Total variable cost per unit:
= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit
= $44 + $19 + $13 + $12
= $88
Total fixed costs:
Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440Total fixed costs:
Fixed manufacturing overhead + Fixed selling and administrative expenses
= $85,260 + $16,440
= $101,700
Total gross margin:
= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs
= ($131 - $88) * 2,740 - $101,700
= $43 * 2,740 - $101,700
= $117,820 - $101,700
= $16,120.
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Question 2. (6)
Briefly explain why Investors, Competitors and Suppliers take interest in
accounting information related to a business. (Please include examples)
Answers
Answer:
They like googIe
Explanation:
consults with an employee about her continuing education
Answers
An HR manager consults with an employee about her continuing education options is Training and development
What is the role of training and development in HRM?In order to help organisations achieve their strategic goals, training and development are essential components of human resource management (HRM). They do this by ensuring that employees have the abilities, knowledge, and skills required to do their jobs well. While development refers to broader learning opportunities that aim to improve an employee's overall skills and capabilities for future roles, training refers to the process of imparting specific skills or knowledge to employees to improve their performance on the job. Employees who participate in training and development programmes can learn new skills, increase their productivity, and show greater interest in their work. They can also aid businesses in luring and keeping top talent by offering chances for career advancement.
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what is a advantage of a retail store holding change float in a store
Answers
A change float is a set amount of money that a retail store keeps on hand to use as change for customer purchases. Firstly, having a change float ensures that customers can always receive the correct amount of change for their purchases.
Without a change float, cashiers would need to rely on the exact change given by customers or constantly ask for additional change from other employees or the cash register. This can slow down the checkout process and lead to frustrated customers.Secondly, holding a change float helps to prevent theft.
If cashiers don't have access to a change float, they may be tempted to take money from the cash register to use as change. This can lead to discrepancies in the cash register and make it difficult to track down the source of any missing money. A change float provides a clear and separate source of change that can be tracked and accounted for.Thirdly, a change float can help to speed up the checkout process.
Cashiers don't need to spend time searching for change or counting out coins, which can help to reduce long lines and improve customer satisfaction. In summary, a change float is an important tool for any retail store that wants to provide excellent customer service, prevent theft, and improve efficiency.
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Lukow Products is investigating the purchase of a piece of automated equipment that will save $150,000 each year in direct labor and inventory carrying costs. This equipment costs $800,000 and is expected to have a 5-year useful life with no salvage value. The company’s required rate of return is 12% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibility and higher-quality output that will result in additional future cash inflows.
1. What is the net present value of the piece of equipment before considering its intangible benefits? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.)
2. What minimum dollar value per year must be provided by the equipment’s intangible benefits to justify the $800,000 investment? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
Answers
A cost-benefit analysis can also include intangible benefits and costs using the net present value for deciding on a project is that Present value of annual cash flows $550030. giving a year 2 salvage value of 250,000 dollars for producing equipment.
Which of the following is a cash inflow from an investment?Cash inflows (proceeds) from investing activities include: Receipts from collections of loans (except program loans) and sales of other entities' debt instruments (other than cash equivalents) Receipts from sales of equity instruments and from returns of investment in those instruments.
What does cash inflows from a project usually include?Proceeds from sales of goods or services. Returns on investments. Financial activities. Interest built over time periods.
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Question (20 Marks)
You are part of the marketing team at an IT organisation. The marketing manager has tasked you
with training new recruits in consumer trends. Research on what drives consumer behaviour and
present your findings in the form of an academic research essay.
In your research essay, be sure to provide the following:
• Introduction
• Importance of analysing consumer behaviour
• Factors that influence consumer behaviour
• Conclusion
• References
Answers
Answer:
Introduction:
Consumer behavior refers to the process and activities that individuals undertake in making purchasing decisions. Understanding consumer behavior is essential for any organization seeking to succeed in the marketplace. In today's fast-paced technological world, IT organizations are continually seeking to understand consumer trends and adapt their products and services to meet the ever-changing demands of their customers. This research essay aims to examine what drives consumer behavior and provide insights into the factors that influence consumer decision-making.
Importance of Analyzing Consumer Behavior:
Analyzing consumer behavior is vital to any organization's success. It helps organizations to understand their customers' needs, preferences, and behaviors. This understanding is essential in developing effective marketing strategies that attract, retain, and satisfy customers. By analyzing consumer behavior, organizations can identify emerging trends, anticipate future needs, and develop new products and services that meet the demands of their target market.
Factors that Influence Consumer Behavior:
Several factors influence consumer behavior. These factors can be classified into four main categories: personal, psychological, social, and cultural.
Personal Factors:
Personal factors are unique to each individual consumer and include factors such as age, gender, income, education level, and lifestyle. These factors influence the products and services that consumers purchase, as well as their purchasing habits.
Psychological Factors:
Psychological factors include motivation, perception, learning, and beliefs. These factors shape how consumers perceive and react to marketing messages and influence their purchasing decisions.
Social Factors:
Social factors include the consumer's social circle, family, and friends. These factors influence the consumer's values, attitudes, and behaviors towards certain products and services.
Cultural Factors:
Cultural factors refer to the shared values, beliefs, and customs of a particular society or group. These factors influence how consumers perceive and react to marketing messages, as well as their purchasing decisions.
Conclusion:
In conclusion, understanding consumer behavior is essential for any IT organization seeking to succeed in the marketplace. Analyzing consumer behavior helps organizations to develop effective marketing strategies, identify emerging trends, and anticipate future needs. Personal, psychological, social, and cultural factors all influence consumer behavior and should be taken into consideration when developing marketing strategies. By understanding the factors that drive consumer behavior, IT organizations can develop innovative products and services that meet the ever-changing demands of their customers.
Explanation:
This is just an outline, I could write more if given more time
Hassick Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $460,530 and the company's monthly target profit is $19,000. The dollar sales to attain that target profit is closest to:
Answers
Answer:
the dollar sales to attain that target profit is $761,159
Explanation:
The computation of the dollar sales is shown below:
= (Fixed cost + target profit) ÷ (Contribution margin ratio)
= ($460,530 + $19,000) ÷ (0.63)
= $761,159
hence, the dollar sales to attain that target profit is $761,159