the records of alberta inc. included the following information: cost of goods sold $1,800,000 beginning inventory 435,000 ending inventory 465,000 use the information above to answer the following question. what is the inventory turnover ratio? a. 4.14 times b. 2.00 times c. 3.87 times d. 4.00 times
Answers
Inventory turnover is a measure of how many times inventory is sold or used in a given time period, such as a year. Hence option A is correct
What is Inventory Turnover Ratio ?It is calculated to determine whether a company has an excessive inventory in comparison to its sales level.
The ideal inventory turnover ratio for most industries will be between 5 and 10, implying that the company will sell and restock inventory every one to two months.
The ideal ratio for industries with perishable goods, such as florists and grocers, will be higher to prevent inventory losses due to spoilage.
Inventory turnover is the amount of time that elapses between the day a company purchases an item and the day it is sold.
Inventory Turnover Ratio = COGS / Average Inventory
Where COGS = $1,800,000
Average Inventory = opening Inventory + Ending Inventory /2
= 435,000 + 465,000 / 2
= $ 450,000
Inventory Turnover Ratio = COGS / Average Inventory
= $ 1800,000 / 450000
= 4.14 times
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Related Questions
See if you can find all eight components and provide an example for each one.
Answers
Components come in two types, Class components, and Function components, in this tutorial we will concentrate on Function components.
What is a Component?An approach for condensing a large number of connected variables into fewer, more significant components is simple component analysis. It offers a more understandable result than the principal component analysis but is similar.
The parts that make up something is its constituents. One essential element of a nuclear bomb is enriched uranium. There are four basic parts to the management strategy. The parts which make up something are its constituent parts.
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Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2018. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6 Apr 19, 2034 111.44 ?1,851 a. What is the yield to maturity of the bond?
Answers
Answer:
YTM = 4%
Explanation:
Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU) 6 Apr 19, 2034 111.44 ? 1,851
Determine the yield to maturity
YTM = Rate * 2
years to maturity = 2034 - 2018 = 16 years
NPER = 2 * 16 = 32
PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60
price of coupon ( PV ) = 2000 * 111.44% = 2228.8
Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)
hence YTM = 2% * 2 = 4%
Which is the first step in preparing a message either written or verbal?
Consider the audience
Create an outline
Choose a delivery method
Determine the purpose of the message
Answers
Answer: Determine the purpose, I believe. This is my specific order:
Explanation:
1. Determine the purpose of the message
What is your message going to be about?
2. Choose a delivery method
Are you trying to persuade your audience?
3. Consider the audience
Think about what ways you can get your specific audience to pay attention to you and hear you out throughout your message.
4. Create an outline
An outline is similar to a pre-write. Choose the order of events you will be delivering your message in.
consider the market for pens. suppose that new medical concerns regarding graphite absorption have put pressure on schools to reduce pencil use in favor of pens. further, the price of plastic, a major input in the pen production process, has dropped sharply.
Answers
The educational enterprises regarding pens affect in an increase in the demand for pencils and a drop in the demand for pens. You can illustrate this in the request for pens by shifting the demand wind to the left wing. Intimately, this means that, at a given volume, consumers are willing to pay lower for pens; alternately, at a given price, consumers are willing to buy smaller pens
As for force, the drop in the price of an important input, similar as the cost of plastic used to make pens, means that it's now cheaper to produce pens. Since a drop in the cost of pen product leads to an increase in force, you can illustrate the effect of a drop in the price of plastic by shifting the force wind down and to the right. Intimately, that means that, at a given volume, directors are willing to accept a lower price for pens; alternately, at a given price, directors are willing to produce further pens.
thus, you should have indicated a negative shift in demand and a positive shift in force for both scripts.
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Refer to table 7-5. If the market price of an orange is $0.70, then the market quantity of oranges demanded per day is
Answers
On average, 7 oranges are required each day if an orange costs $0.70 on the open market.
Assume there are only three orange consumers—Alex, Barb, and Carlos—and that there are only three oranges that can be produced each day.
If an orange costs $0.70 on the open market, then 7 oranges are needed on average per day. The table shows how much each of the three possible orange buyers is willing to spend on the first 3 oranges of the day
If the price of one orange, P, satisfies the $0.75 < P < $0.80 market demand for exactly five oranges each day.
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The complete question is.
If the market price of an orange is $0.70, the market quantity of oranges demanded per day is
a. 5.
b. 6.
c. 7.
d. 9.
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Select the correct text in the passage.
Which sentence demonstrates the use of secondary market research technique?
Keith wants to start a fast-food stall. 1. He interviewed people in the area where he wants to put up his stall. 2. He also gave out questionnaires to
understand people's opinions. 3. He worked out the cost and investment details with the help of the Internet. He is now all set to speak to the
bank to apply for a business loan.
Answers
Answer: I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.
Explanation:
Answer:
3. "...with the help of the internet"
Explanation:
In the tutorial it states examples of secondary market research (ex. journals, trade magazines, trade associations, or the Internet"
((Currently doing my final exam, hope all goes well with those taking the final as well))
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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who is sus? pink or blue im playing among us
Answers
Answer:
pink smh
Explanation:
Answer:
Its blue i have photographic evidence
Explanation:
Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.
Answers
Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.
Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.
The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.
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Consider the market for iced coffee. Suppose that the price of an iced coffee falls from $4.25 to $3.50. Assuming that the point on the graph below corresponds to the initial price of $4.25, move the point to a new position on the curve to show the impact of this price change (holding everything else constant).
Answers
Answer:
The fall in the price of iced coffee from $4.25 to $3.50 will cause demand to grow.
Explanation:
This is because the market demand curve for any good is downward sloping: the higher the price, the lower the quantity demanded, and the lower the price, the higher the quantity demanded.
So this fall in price will move the equilibrium quantity (the point where supply and demand meet) to move to a point on the demand curve that is below the previous point.
Given the following information for Atlas Travel, prepare a bank reconciliation statement for December 31.
Atlas Travel partial cash ledger (t-account) amounts for December transactions
"Cash Debits/
Deposits" "Cash Credits/
Payments"
$3,725 $9
530 750
980 93
353 134
2,040 960
210
2,250
Atlas Travel had a cash balance of $7,242 on December 31
Atlas Travel received the following bank Statement for December:
Best Bank
Bank Statement for December
Beginning December 1, Balance $4,020
Deposits and other additions:
12/1 $635 EFT
12/5 3,725
12/10 530
12/15 980
12/18 353
12/31 1,800 BC 8,023
Checks and other deductions:
12/8 452 NSF
12/15 (check number 1416) 9
12/19 350 EFT
12/22 (check number 1417) 750
12/29 (check number 1418) 93 EFT is electronic funds transfer
12/31 (check number 1419) 314 BC is bank collection
12/31 45 SC 2,013 NSF is non sufficient funds
December 31 Balance $10,030 SC is service charge
Additional Data:
The EFT deposit was a receipt of rent revenue. The EFT deduction was payment of insurance expense.
The NSF check was received from a customer
The $1800 bank collection was a note receivable
The correct amount of check 1419 is $314. Atlas Travel mistakenly recorded the check for $134
Requirements:
1 Prepare the bank reconciliation.
Atlas Travel
Bank Reconciliation
December 31, 20##
Best Bank Balance, Dec. 31 Atlas Travel Balance Dec 31
Add: Add:
Less: Less:
Adjusted bank balance Adjusted company balance
2 Prepare the two journal entries.
Journal
Date Accounts Post. Ref Debit Credit
Dec. 31
Dec. 31
Answers
A bank reconciliation statement is a report that explains the discrepancies between the bank balance in a company's financial records and the balance recorded in the bank's records. These discrepancies arise as a result of errors in a company's accounting system or banking processes.
Below is the given information for Atlas Travel to prepare a bank reconciliation statement for December 31st:Balance per bank statement $3,670Outstanding checks 2,450Deposits in transit 1,350Interest earned on account 20Bank service charge 25Balance per company's books 2,565
The reconciliation statement is presented below:Atlas Travel Bank Reconciliation Statement for December 31st Balance as per bank statement $3,670 Outstanding checks (2,450)Adjusted bank balance $1,220Add deposits in transit 1,350Adjusted balance $2,570
Deduct bank service charges (25)Add interest earned 20Adjusted book balance $2,565The adjusted bank balance is $1,220, obtained by deducting the outstanding checks from the balance as per the bank statement.The adjusted balance is $2,570, obtained by adding the deposits in transit to the adjusted bank balance.
The adjusted book balance is $2,565, obtained by adding the interest earned and deducting the bank service charges from the balance per company's books.
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Suppose that the demand and supply for good X are
=60−2 +0.01+7 !"#
=−600+10 $"
Where = quantity demand; = quantity supply; =Price of X; = Average !$"
consumer income; and = Price of a related good R #
(i) Is good X normal or inferior? Explain.
(ii) Are goods X and R substitutes or complements? Explain.
(iii) Suppose that = 40,000 and = 20, what are the equilibrium price and
quantity?
(iv) What happens to equilibrium price and quantity if supply shift to:
=−360+10
Answers
(i) Good X is an normal good as it is directly proportional to average consumer income. When consumer income increases, demand for good X also increases.
What is consumer income ?Consumer income is the money that a person or household earns from wages, salaries, investments, pensions, and other sources. It is the money that is available to be spent on goods and services, such as food, housing, clothing, entertainment, and other necessities. Consumer income is closely linked to GDP, as it is one of the major drivers of economic activity. As consumer income increases, people are more likely to spend money, which stimulates the economy.
(ii) Goods X and R are substitutes since a rise in the price of one will lead to a rise in the demand for the other. A change in the price of one good will affect the demand for the other.
(iii) If = 40,000 and = 20, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −600+10*20
This gives the equilibrium price of X to be $58 and the equilibrium quantity to be 800.
(iv) If the supply shifts to =−360+10, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −360+10*20
This gives the equilibrium price of X to be $48 and the equilibrium quantity to be 600. As the supply has shifted, the equilibrium price of Good X has decreased from $58 to $48 and the equilibrium quantity has decreased from 800 to 600.
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The following trial balance relate to Lubuto company at 31 March 2022
K’000 K’000
Plant and Equipment at cost (iii) 155,500
Accumulated amortisation/ depreciation at 1 April 2021
Right of use asset 25,000
Plant and Equipment 43,500
Right of use – leased property at cost 100,000
Bank interest 900
Administration expenses 36,800
Distribution costs 33,500
Cost of sales 290,600
Loan note interest and dividends paid (notes(iv) and(v) 13,380
Revenue 490,000
Inventories at 31st March 2022 61,000
Trade received 63,000
Trade payables 32,200
Bank 5,500
Equity shares of 25ngwee each (notes ii) 56,000
Share premium 25,000
Retained earnings at 1 April 2021 26,080
5% convertible loan note (note iv) 50,000
Current tax note (vi) 3,200
Deferred tax (note (vi) 4,600
757,880 757,880
The following notes are relevant:
(i) Revenue includes and amount of K20 million for cash sales made through Lubuto
co’s retail outlets during the year on behalf of francis. lubuto Co, acting as agent, is
entitled to a commission of 10% of the selling price of these goods. By 31st March
2022, Lubuto Co had remitted to Francis K15million ( of the K20 million sales) and
recorded this amount in cost of sales
(ii) On 1st August 2021, Lubuto Co made a fully subscribed rights issue of equity share
capital based on two new shares at 60 ngwee each for every five shares held. The
issue has been fully recorded in the trial balance figures.
(iii) Plant and equipment is depreciated at 12.5% per annum on the reducing balance
basis. Leased property was purchased 20yrs ago and depreciation is charged on
straight line. All amortisation and depreciation of non-current assets is charged to cost
of sales.
(iv) On 1 April 2021, Lubuto co issued a 5% K50 million convertible loan note at par.
Interest is payable annually in arears on 31 March each year. The loan note is
redeemable at par or convertible into equity shares at the option of the loan note
holders on 31 March 2024. The interest on an equivalent loan note without the
conversion rights would be 8% per annum. The present values of K1 received at the
end of each year, based on discount rates of 5% and 8% are:
5% 8%
End of year 1 0.95 0.93
2 0.91 0.86
3 0.86 0.79
(v) An equity dividend of 4ngwee per share was paid on 30 May 2021 and, after the
rights issue, a further dividend of 2 ngwee per share was paid on30th November 2021.
(vi) The balance on current tax represent represents the under/over provision of the tax
liability for the year ended 31st March 2021. A provision of K28 million is required
for current tax for the year ended 31st March 2022 and at this date the deferred tax
liability was assessed at K8.3 million.
Required
(a) Prepare the statement of profit or loss for Lubuto for the year ended 31st March 2022.
(12marks)
(b) Prepare the statement of financial position for; Lubuto for the year ended 31 March 2022,
Answers
Statement of profit or loss for Lubuto for the year ended 31st March 2022:
Revenue K490,000
Less: Commission to Francis (1.5M) [Note (i)]
Net revenue 488,500
Cost of sales 306,100
Opening inventory 75,000
Add: Purchases 290,600
Less: Closing inventory (61,000)
Gross profit 182,400
:
Administration expenses (36,800)
Distribution costs (33,500)
Depreciation - Plant and Equipment (21,719) [Note (iii)]
Depreciation - Right of use asset (5,000)
Amortisation - Right of use - leased property (14,500)
Bank interest (900)
Loan note interest and dividends paid (13,380) [Note (iv)]
Profit before tax 57,601
How to explain the statement of financial positionStatement of financial position for Lubuto for the year ended 31st March 2022:
Explanation:
Non-current assets:
Plant and equipment at cost 155,500
Less: Accumulated depreciation (43,500)
Net plant and equipment 112,000
Right of use asset 20,000 [Note (iii)]
Right of use - leased property at cost 100,000
Less: Accumulated amortisation (14,500)
Net right of use - leased property 85,500
5% convertible loan note 50,000 [Note (iv)]
Total non-current assets 267,000
Current assets:
Inventories 61,000
Trade receivables 63,000
Bank 5,500
Total current assets 129,500
Total assets 396,500
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If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
Answers
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
why banks exist as financial intermediaries.
Answers
Answer:
Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.
Explanation:
;)
theo anh chị quan điểm về bán hàng hiện nay và trước kia khác nhau như thế nào
Answers
Explanation:
Trả lời ngắn gọn thôi nhe ^^
Bán hàng trước kia (mình đang chọn thời điểm trước khi có công nghệ, trước khi có mạng internet nha) thì sẽ bị hạn chế rất nhiều (thời gian, giao tiếp, v.v) so với bán hàng thời điểm hiện tại (Dẫn chứng: hiện tại có thể giao bán rất đơn giản qua việc livestream và ship trong khi trước kia thì việc giao bán hàng rất khó khăn..)
Thời điểm hiện tại có rất nhiều "cách" bán hàng khác nhau so với trước kia: đa cấp, online, ...
Bạn có thể tham khảo các trang khác nữa nhưng brainly ko cho mk đưa web lên mk rất xin lỗi ;-;
(Bạn có thể tra "kinh doanh hiện đại khác trước kia như thế nào" hoặc "bán hàng hiện nay và trước kia khác nhau như thế nào" thì sẽ nhận được khá nhiều trang hữu dụng nha)
<3 Chúc bạn có 1 ngày tốt lành nha!!
a shoplifter and a security guard are playing a simultaneous game. if the shoplifter steals and the security guard is vigilant, the shoplifter gets caught she suffers a loss of 20, and the security guard gets a bonus worth 15. if the shoplifter steals and the security guard is not vigilant, she does not get caught and gains 15 and the guard loses 5. if the shoplifter does not steal and the guard is vigilant, the guard loses 3 for the effort, while the shoplifter gains nothing and if the shoplifter does not steal and the guard is not vigilant, neither gain anything
Answers
Similarly, if the security guard decides not to be cautious, the greatest option open to the shoplifter is to play'steal,' because the return from playing'steal is greater than the payoff from playing do not steal.
How important is security?
Workplace security protects your workers and physical offices from danger. Your workplace security policy should protect essential data and information in your company from hackers and other cyber security risks. It also ensures that you are in compliance with the most recent rules and regulations in your country or region. A security, at its most basic, is a monetary asset or instrument that may be purchased, sold, or exchanged. Stocks, bonds, options, mutual funds, and ETFs are some of the most prevalent types of securities.
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explain 5 ways in which business studies is a living subject
Answers
Five ways in which business studies is a living subject:
Evolving technologiesEconomic shiftsChanging consumer preferencesSustainability and ethical issuesGlobalizationHow is business studies a living object ?Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.
Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.
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Economical Environment
Political Environment
Social Environment
Legal Environment
Technological Environment
four problems associated with money
Answers
Answer:
Hmm.
Explanation:
Problems making ends meet
Accumulating too much debt.
Making poor purchasing and investing decisions.
Being unable to enjoy money.
(Source; USATODAY.com)
Determine the price of a 200,000 bond issue under the following idependent assumptions:
Maturity Interest paid Stated Rate Effective rate
a. 10 years annually 10% 12%
b. 10 years semiannually 10% 12%
c. 20 years semiannually 12% 12%
Answers
Answer:
1. Price of bond = $177,399.11
2. Price of bond = $177,060.16
3. Price of bond = $200,000
Explanation:
1) Price of Bond = pv(rate,nper,pmt,fv)
rate =12%
nper = 10
pmt (Coupon Amount) = 10%*200,000 = 20,000
fv = 200,000
Price of Bond = pv(12%, 10, 20,000, 200,000)
Price of Bond = $177,399.11
2) Price of Bond = pv(rate,nper,pmt,fv)
rate =12%*1/2 = 6%
nper = 10 *2 = 20
pmt (Coupon Amount) = 10% * 200,000 * 1/2 = 10,000
fv = 200,000
Price of Bond = pv(6%, 20, 10,000, 200,000)
Price of Bond = $177,060.16
3) Price of Bond = pv(rate,nper,pmt,fv)
rate =12%*1/2 = 6%
nper = 20 *2 = 40
pmt (Coupon Amount) = 12%*200,000*1/2 = 12,000
fv = 200,000
Price of Bond = pv(6%, 40, 12,000, 200,000)
Price of Bond = $200,000
Which individual is the best candidate to be approved for a loan? Group of answer choices An individual with good credit, irregular income, and seasonal employment An individual with poor credit, irregular income, and stable employment An individual with average credit, steady income, and part-time employment An individual with excellent credit, steady income, and stable employment
Answers
Answer:
An individual with excellent credit, steady income, and stable employment.
Answer:
The answer is D. An individual with excellent credit, steady income, and stable employment.
Explanation:
This is due to them being the most reliable out of all the individuals given.
What is the meaning of employee evaluation
Answers
Answer:
An employee evaluation is the assessment and review of a worker's job performance.
Explanation: Most companies have an employee evaluation system wherein employees are evaluated on a regular basis (often once a year). Typically these assessments are done at year-end or on the employee's service anniversary.
Answer:
An employee evaluation is the assessment and review of a worker’s job performance. Most companies have an employee evaluation system wherein employees are evaluated on a regular basis (often once a year).
Explanation:
Click this link to view O*NET’s Skills section for Executive Administrative Assistants. Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Executive Administrative Assistants? Select four options
Answers
Answer:
colos de machis elporu
Explanation:
chato de exporto no
Which of the following indicates a website is NOT secure?
Answers
Answer:
a) a lock icon is not displayed in the address bar
(d) the url of the website begins with http
Explanation:
The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.
Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.
The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.
There are many methods of checking that a website is secure is not correct by the use of various software tools like domain blocker, website checker etc.Hence the option D is correct that is the URL of the website begins with HTTP.
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1.2 The communication process is a highly complex one that is hard to analyze as it is an ever-changing process and unending. Identify and explain the different elements of communication in this scenario (15) Word count: 200-300 words
Answers
The communication process is a dynamic framework that outlines the numerous ways in which a message can be sent to and received from a sender and recipient.Verbal communication is the act of conveying information orally.
How would you characterise the intricate process of communication?Oral, written, and kinetic modes of communication are all complicated processes that are deeply ingrained in everything we do as individuals or as a member of a social system.
is a difficult procedure. Whom the communication process begins and concludes with is unclear?Given the complexity of communication, it can be challenging to pinpoint the beginning and finish of a communication interaction. Communication models streamline the procedure by giving a visual depiction of the
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Thomas planned to set up a business that build custom house for high net-worth customers in Upstate NY on January 1st, 2018. He would borrow $1,500,000 from a bank to invest in the business as star-up capital and receive a minimum salary of $5,000/month.
Here is the list of some related items or products that he would need to start the
business:
- Lumber
- Roof
- Concrete
- Insulation
- Ducting
- Paint
- Corporate office building
He needs to hire you as an accountant to help his financial and accounting work, and one supervisor who is in charge of the supervision of building custom houses. His business’ cost drivers are provided in Table 1.
Question 1.1 - Cost Classification (10 points)
Required: Thomas needs your help in classifying the various costs. In order to manage these costs, he wants them identified using the information below. He asked that you use Table 2 (page 3) for your answers.
a) Behavior: fixed or variable cost
b) Traceability: direct or indirect
c) Financial reporting: product or period
d) If product cost, identify which items are direct materials, direct labor or
manufacturing overhead.
Question 1.2 - Costing Systems (10 points)
Thomas discussed the business plan with you. He was told that there are three different types of costing systems that exist in organizations – job order, process costing and activity based costing.
Required: Which type of costing system is his business most likely to use? Discuss?
I have it completed just need to check my work... would appreciate the help as soon as possible.
Answers
Answer 1.1:
a) The behavior of the costs listed in the question can be classified as follows:
Lumber: Variable cost
Roof: Variable cost
Concrete: Variable cost
Insulation: Variable cost
Ducting: Variable cost
Paint: Variable cost
Corporate office building: Fixed cost
b) The traceability of the costs can be classified as follows:
c) The financial reporting of the costs can be classified as follows:
d) Lumber, roof, concrete, insulation, ducting, paint: Direct materials
Which type of costing system is his business most likely to use Discuss?Based on the information provided, it seems that Thomas' business is most likely to use a Job Order Costing System. This is because the business is building custom houses for high net-worth customers, which means that each house is unique and customized to the customer's specifications. This type of work is best suited for job order costing system, where the costs are accumulated for each specific job, and the cost of each custom house can be calculated separately. In contrast, Process Costing is used when the same products are being produced in large quantities, and Activity Based Costing is used to assign indirect costs to products or services based on the activities that go into producing them.
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TIME REMAINING
53:22
Which of these is a banking activity of the Fed?
printing money
regulating securities markets
storing money for banks
funding government programs
Answers
Answer:
C
Explanation:
Answer:
C
Explanation:
Marketing Essay Critical Thinking Questions:
Question 1 (3 points)
Lesson 2 Internal Risks & Lesson 3 External Risks
Discuss the main categories of business risk, such as people risks, economic risks, and environmental risks. Indicate whether each risk is either internal or external in nature.
Your answer should be well thought out and address all parts of the given question. Minimum of 3-5 sentences or bullet points should be included in your response. Make sure you spell check and proofread your response.
Question 2 (3 points)
Lesson 5 Business Exit Strategy
Why should a business have an exit strategy? What is the main advantage and disadvantage for each option—selling a business, going public, and liquidating a business.
Your answer should be well thought out and address all parts of the given question. Minimum of 3-5 sentences or bullet points should be included in your response. Make sure you spell check and proofread your response.
Question 3 (2 points)
Match each vocabulary word with the correct definition.
Column A
1.
bootstrapping:
bootstrapping
2.
pivot:
pivot
3.
pure risk:
pure risk
4.
speculative risk:
speculative risk
Column B
a. starting and running a business with your own money and not relying on any external sources of funding
b. the kind of risk that offers only the potential of loss, not gain
c. a conscious choice of investment risk that can result in gain or loss
d. a significant business change in response to developments that make the original business unsustainable
Question 4 (2 points)
Lesson 5 Business Exit Strategy
In two to three sentences, explain the difference between initial public offering (IPO) and employee share ownership plan (ESOP).
Answers
The answer is The answer is there are mainly two types of business risks : Internal risk and external risks. Internal risks are the risks faced by firm due to internal factors and External risks are the risk faced due to external factors.
Explanation-
Question 1-
1. Economic Risk- Economic risk includes changes in market conditions. As an example, an overall economic downturn could lead to a sudden, unexpected loss of revenue. Its an External risk.
2. Human-factor Risk-Personnel issues may pose operational challenges. Staff who become ill or injured and, as a result, are unable to work can decrease production. It is an Internal Risk.
3. Environmental Risk- Natural risk factors include natural disasters that affect normal business operations. It is an External Risk.
Question 2-
An exit strategy gives a business owner a way to reduce or liquidate his stake in a business and, if the business is successful, make a substantial profit.
The main advantage of Selling a business- If the economic conditions and market trends create high demand and attract potential buyers, you could sell your business at a high price.
The main disadvantage of Selling a business- The process of negotiating the sale of your business could be lengthy and time-consuming.
Question 3-
1. Bootstrapping- d. A significant business change in response to developments that make the original business unsustainable.
2. Pivot- a. Starting and running a business with your own money and not relying on any external sources of funding.
3. Pure Risk- b. The kind of risk that offers only the potential of loss, not gain.
4. Speculative Risk -c. A conscious choice of investment risk that can result in gain or loss.
Question 4-
An ESOP (employee share ownership plan)is a qualified defined contribution retirement plan, so employees don't purchase shares with their own money whereas An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance.
What is the most accurate way to define business?An organization or entrepreneurial entity involved in commercial, industrial, or professional activity is referred to as a business. Companies can be for-profit corporations or charitable institutions.
What kind of thing is business?According to the nature of business, a company's goal is to answer the demands of its market's clients by offering services and goods. It refers to the market segment in which the business operates and the fundamental characteristics of the business.
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The short answer is that external risks and internal risks are the two main categories of business risks. Internal and external risks are the risks that a company faces as a result of internal and external factors, respectively.
What is the best definition of business?Those engaged in commercial, industrial, or professional activity are said to be conducting business as an organisation or entrepreneurial entity. Both for-profit corporations and nonprofit organisations can be considered companies.
What kind of thing is business?A company's objective is to meet the needs of the customers in its market by providing services and goods, depending on the nature of business. It refers to both the primary characteristics of the company and the market segment in which it competes.
1. Economic Risk- Changes in market conditions are a form of economic risk. For instance, a sudden, unanticipated loss of revenue could result from an overall economic downturn. It is an outside risk.
2. Human-factor Operational challenges could be caused by risk-personnel issues. Production can be affected by employees who get sick or hurt and can't work as a result. It poses a risk inside.
3. Environmental Risk- Natural catastrophes that disrupt regular business operations are among the risk factors in nature. It is an outside risk.
A business owner can reduce or liquidate his stake in a company using an exit strategy, potentially realising a sizable profit if the company is successful.
The main advantage of selling a business is that you may be able to get a high price if the market and economic conditions generate strong demand and draw in interested buyers.
The main disadvantage of selling a business is that the process of negotiating the sale of your business may take a long time.
1. Bootstrapping- d. a significant business transformation brought on by events that render the original business unsustainable.
2. Pivot- a. starting and maintaining a business on your own dime, without the aid of outside financing.
3. Pure Risk- b.risk that only carries the possibility of loss, not again.
4. Speculative Risk -c.a decision to take an investment risk that has the potential to be profitable or unsuccessful.
Employees do not use their own funds to purchase shares in an ESOP (employee share ownership plan), which qualifies as a defined contribution retirement plan. When shares of a private company are sold to the public as part of a new stock issuance, it's known as an initial public offering (IPO)..
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What is revising?
please help ur gurl out
Answers
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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