Answer:
Dr retained earnings($21,600+$15,800) $37,400.00
Cr accumulated depreciation $21,600
Cr inventory $15,800
Explanation:
The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.
The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available for sale would be introduced as opening inventory in 2021.
net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00
hence retained earnings would reduce by $21,600.00
for the overstatement of inventory,retained earnings would reduce by $15,800
In your own understanding what is credit collection policy?
Answer:
A credit collections policy is a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit, customer qualification criteria, procedure for making collections, and steps to be taken in case of customer delinquency”.Answer:
a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit
Explanation:
Matt Christopher is a 30-year-old mechanical engineer, and his salary next year will be $80,000. Matt expects that his salary will increase at a steady rate of 6% per year until his retirement at age 60. If he saves 10% of his salary each year and invest these savings at an interest rate of 8%, how much will he have at his retirement
Answer:
f
Explanation:
Prompt
What is revising?
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In an academic sense, revising refers to the process of reviewing and making changes to a written work to improve its content, structure, clarity, and overall effectiveness.
Why is revising important ?Integrating revisions during the writing process is crucial as it enables the authors to polish and enrich their concepts, reasoning, and delivery.
To effectively revise, one must possess a discerning perspective, meticulousness, and a readiness to implement significant alterations. Acquiring diverse viewpoints and understandings can be advantageous by receiving feedback from fellow peers, educators, or writing centers.
A rigorous revision process allows writers to enhance their work, reinforce their reasoning, and create a more polished and impactful academic piece.
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The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
For an employee working at a cash register of a convenient store, the arrival rate is
four per hour and the service rate is five per hour. What is the average utilization of
the employee (%)?
20
45
80
125
none of the choices are correct
Answer:
80
Explanation:
Utilization = arrival rate/service rate
4/5 = 0.8
0.8 as a percentage equals:
0.8*100 =80
80 is the average utilization of the employee. As Utilization = arrival rate/service rate like 4/5 = 0.8. Hence, option C is correct.
What is average utilization?Average Utilization is the result of dividing the daily average total exposure to the revolving facility for the period by the daily average total commitments to the revolving facility for that period to get the amount, expressed as a percentage.
A person can calculate the utilization rate by dividing the number of billable hours by the overall number of hours worked each day.
The basic formula is really simple: divide the total number of billable hours by the total number of available hours (x 100). A worker's utilization rate would be 80% if they invoiced for 32 hours of a 40-hour workweek.
Thus, option C is correct.
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Zach bought 200 shares of goshen stock years ago for $21. 35 per share. He sold all 200 shares today for $43 per share. What was his gross capital gain?.
200 shares were purchased for a total of $4270; they were sold for a total of $8600; and a capital gain of $4330 resulted from the sale of the 200 shares.
Why do you use the term shares?Shares are fractional ownership interests in a corporation. For certain businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual income in the form of rewards.
Given that Zach purchased 200 shares 20 years ago,
Price of 1 share = $21.35
a) The 200 shares' total acquisition price was:
= 200 × $21.35
= $4270
b) The fact that Zach traded 200 shares today is a given.
Price of 1 share = $43
The 200 shares were sold for a total of:
= 200 × $43
= $8600
c) The 200 shares' capital gain was as follows:
= $8600 - $4270
= $4330
Therefore , the answers are :
a) The cost of the 200 share was $4270 in total.
b) The 200 shares were sold for a total of $8600.
c) The 200 shares' capital gain came to $4330.
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The Complete Question :
Zach bought 200 shares of Goshen stock 20 years ago for $21.35 per share. He sold all 200
shares today for $43 per share.
a. What was the total purchase price for the 200 shares?
b. What was the total selling price for the 200 shares?
C. What was the capital gain for the 200 shares?
What is an external communication that is paid for by the seller and promotes a product to potential customers?.
Advertising is an external communication that is paid for by the seller and promotes a product to potential customers.
The process and methods used in advertising are intended to draw attention to a good or service. With the help of advertising, businesses strive to draw consumers' attention to their goods and services. Although there are many purposes, the commercial advertisement is the most frequent. It is typically used to promote a certain commodity or service.
Through "branding," in which consumers link a product name or image with specific traits, commercial advertising frequently aim to boost consumption of their goods or services. Direct-response advertising, on the other hand, refers to advertisements that are meant to prompt a quick purchase. Political parties, interest groups, religious organizations, and governmental bodies are examples of non-commercial enterprises that market more than consumer goods or services.
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Which of the following are components of the SQ Tool?
Resource plan
SQ Plan
SQ Healthcheck
Engagement agreement
The engagement agreement of the following are components of the SQ Tool. The correct option is D.
What are squares tools used for?Two straightedges placed at a right angle to one another form a square for measurement purposes. Carpenters and machinists use it to locate holes, locate holes, and check that right angles are correct. It can also be used as a guide to drawing lines on materials before cutting them.
Due to this, they make up two of the SAQ's components. As an auditor, you are responsible not only to yourself but also to your team, the organization, and our stakeholders. Accountability is about professional pride and people taking ownership of their work.
Thus, the ideal selection is option D.
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If environmental hazards are discovered and the landowner had no previous knowledge of their existence,A) the landowner will never be held responsible.B) only the real estate professional may be held responsible.C) the landowner might still be held responsible.D) only a landowner with prior knowledge may be held responsible.
Environmental hazards—like water and air pollution, excessive weather, or chemical exposures—can have an effect on human health in a variety of ways, from contributing to persistent diseases like cancer or to acute illnesses like warmth exhaustion.
ENVIRONMENTAL HEALTH IS COMPLEX.
What is environmental hazard and its types?Environmental risks can additionally be categorized into three interrelated classes (biological, chemical, and physical) based totally on the houses of their causes. These classes are no longer jointly special with traditional versus cutting-edge hazards.
For example, indoor air air pollution is each a typical and chemical hazard.
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https://brainly.com/question/15174469#SPJ4Imagine that a small manufacturing company decides to invest in a materials resources planning (MRP) system. This is a computerized information system that improves efficiency by automating such work as planning needs for resources, ordering materials, and scheduling work on the shop floor. The company hopes that with the new MRP system, it can grow by quickly and efficiently processing small orders for a variety of products. Which of the human resource functions are likely to be affected by this change? How can human resource management help the organization carry out this change successfully?
The correct answer to this open question is the following.
Although there are no options attached, we can say the following,
The human resource functions that are likely to be affected by this change are Resource Management, Personal Data Management, Training, and Performance Management.
Human Resource Management helps the organization carry out this change successfully, explaining how these modifications can benefit the employees and the entire organization. HR has to use the proper means of internal communication to explain in advance the kinds of oof changes that are coming. This will prevent fear and anxiety, and eliminate rumors about the situation of the employees in the organization.
HR has to be careful in confirming that nobody is going to be fired by the arrival of new technologies. Then, HR has to explain in detail the many benefits in planning, scheduling, organizing, inventory, and many other benefits for each department. If employees do not feel threatened by this new technology they would welcome changes that allow them to do their work more productively.
The human resource functions that are likely to be affected by this change are Resource Management, Personal Data Management, Training, and Performance Management.
What is human resource?Human resources (HR) is the department within a business that is responsible for all things worker-related. That includes recruiting, vetting, selecting, hiring, onboarding, training, promoting, paying, and firing employees and independent contractors.
In simplest terms, the HR department is a group who is responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and administering employee benefits.
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Alpha and Gamma are friends since their childhood. They have got whole of their education in every
school jointly. Recently, both of them have graduated from a local business school getting degrees in
business management. After this graduation, they decided to start a business of online car rental. For that
purpose, they got developed a mobile application named Carg that can be run on all Android and Apple
smart phones. Further, they shared their business plan with a professional promotor to setup a new
business entity. With all the necessary documentation, the new entity has been successfully registered on
5
th of January 2023 with the SECP as a limited liability company in the name of Alpha Limited. It was
registered with the capital of Rs. 500,000 divided into 25,000 ordinary shares of Rs. 20 each. On 20th of
January, the new company offered 15,000 shares at par to the general public. On 23rd of January, the
company’s bank informed it that application money on 14,500 shares has been received from the general
public in the company’s bank account. Alpha’s management allotted shares to all the applicants on 31st of
January, 2023.
You are required to identify the kinds of share capital presented in this case describing briefly the each kind
The types of share capital presented in this case are authorized share capital, issued share capital, subscribed share capital, called-up share capital, and paid-up share capital.
The case presented involves different types of share capital. The first type of share capital is authorized share capital, which refers to the maximum amount of capital that the company is allowed to raise through the issuance of shares. In this case, Alpha Limited has an authorized share capital of Rs. 500,000, which is divided into 25,000 ordinary shares of Rs. 20 each.
The second type of share capital is issued share capital, which refers to the amount of share capital that has been issued by the company. In this case, Alpha Limited has issued 15,000 ordinary shares to the general public at par value. The total amount of money received by the company for these shares is Rs. 300,000 (15,000 shares x Rs. 20 par value).
The third type of share capital is subscribed share capital, which refers to the amount of share capital that has been subscribed for by the shareholders. In this case, the general public has subscribed for 14,500 shares, which means that they have agreed to purchase these shares at par value.
The fourth type of share capital is called called-up share capital, which refers to the amount of share capital that the company has requested the shareholders to pay. In this case, Alpha Limited has requested the general public to pay the par value of the shares they have subscribed for, which amounts to Rs. 290,000 (14,500 shares x Rs. 20 par value).
The fifth type of share capital is paid-up share capital, which refers to the amount of share capital that has been actually paid by the shareholders. In this case, it is not specified whether the general public has paid the full amount of the shares they have subscribed for, but it is assumed that they have paid the par value of the shares since Alpha's management has allotted shares to all the applicants.
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Bakersfield Corp. pays income tax at an average rate of 30 percent. This year its revenue is $124,000 and its expenses are $82,000. The adjusting entry to record the income tax expense will:
Multiple Choice
decrease net income by $42,000.
increase shareholders' equity by $12,600.
decrease liabilities by $12,600.
decrease shareholders' equity by $12,600.
The adjusting entry to record the income tax expense for Bakersfield Corp. will decrease net income by $42,000. Option A is the correct answer.
The adjusting entry to record the income tax expense for Bakersfield Corp. will decrease net income by $42,000.
The income tax expense is calculated by applying the applicable tax rate to the taxable income. In this case, Bakersfield Corp. has revenue of $124,000 and expenses of $82,000, resulting in a taxable income of $42,000 ($124,000 - $82,000).
Since Bakersfield Corp. pays income tax at an average rate of 30 percent, the income tax expense will be 30 percent of the taxable income:
Income tax expense = Taxable income x Tax rate
= $42,000 x 0.30
= $12,600
Adjusting entries are made at the end of an accounting period to ensure that revenues and expenses are properly recognized. In this case, the adjusting entry will decrease net income by the amount of the income tax expense.
This adjustment reflects the company's obligation to pay income tax and reduces its reported net income.
Therefore, the correct option is: "Decrease net income by $42,000."
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
In a market for chemicals, the demand function is P = 200 - Q. The private marginal cost for the chemicals producers is MCP = 50+ Q. Pollution generated during the production process causes external marginal cost for the society equal to MCE = 3Q.
(a) What specific tax would result in a competitive market producing the socially optimal quantity of chemicals?
(b) Instead of taxation, what else can the government do to make sure that the market will work itself out to achieve the socially optimal output?
(a) To achieve the socially optimal quantity of chemicals in a competitive market, the tax should be equal to the external marginal cost imposed on society. In this case, the external marginal cost is MCE = 3Q. Therefore, the specific tax should be set equal to the external marginal cost:
Tax = MCE = 3Q
Substituting the demand function into the tax equation, we have:
Tax = 3(200 - Q)
Simplifying:
Tax = 600 - 3Q
This tax would align the private marginal cost (MCP) with the social marginal cost (MCE) and result in the market producing the socially optimal quantity of chemicals.
(b) Alternatively, the government can implement a cap-and-trade system or establish regulations to limit pollution emissions. In a cap-and-trade system, the government sets a limit (or cap) on the total amount of pollution allowed in the market. It then issues a corresponding number of pollution permits that companies can buy and sell. This system encourages companies to reduce their pollution emissions by creating a market incentive.
By implementing such measures, the government ensures that companies internalize the cost of pollution and take actions to reduce it. This helps the market work towards achieving the socially optimal output by incentivizing firms to reduce pollution and minimize the negative externalities associated with chemical production.
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You want to invest $6,000 annually beginning now in order to accumulate $33,300 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the:
To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the: Future value of a annuity due of $1 table for the factor closed to 5.55.
Future value of a annuity dueSince we have $6,000 as the amount invested annually and we need to accumulate $33,300.
Therefore the annuity factor required is:
Annuity factor=$33,300/$6,000
Annuity factor=5.55 and its future value of annuity
Inconclusion Future value of a annuity due of $1 table for the factor closed to 5.55.
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Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $300 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $8,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 21 After negotiations, received from Frist a $500 allowance toward the $8,500 owed on the April 18 purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Answer:
Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
Dr Merchandise inventory 4,600
Cr Accounts payable 4,600
3 Paid $300 cash for shipping charges on the April 2 purchase.
Dr Merchandise inventory 300
Cr Cash 300
4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600.
Dr Accounts payable 600
Cr Merchandise inventory 600
17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.
Dr Accounts payable 4,000
Cr Cash 3,920
Cr Purchase discounts 80
18 Purchased $8,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.
Dr Merchandise inventory 8,500
Cr Accounts payable 8,500
21 After negotiations, received from Frist a $500 allowance toward the $8,500 owed on the April 18 purchase.
Cr Accounts payable 500
Cr Purchase allowances 500
28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Dr Accounts payable 8,000
Cr Cash 7,920
Cr Purchase discounts 80
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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All of the following companies are prominent examples of data aggregators who
create digital dossiers by collecting public data and non-public data except:
1) Grubhub
2) Acxiom
3) LexisNexis
4) ChoicePoint
All of the following companies are prominent examples of data aggregators who
create digital dossiers by collecting public data and non-public data except option 1. Grubhub.
Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. The company is located in Chicago, Illinois and was established in 2004. Grubhub is a subsidiary of the Dutch company. It is a fastfood company.
What is a digital dossiers?A digital dossiers is a digital footprint. It is also known as a digital dossier. A digital dossiers is the body of data that exists as a result of actions and communications online that can in some how be traced back to an individual. Digital dossier can be broken down into active and passive data traces.
Therefore, the correct answer is option A. Grubhub.
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Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold for $739,814,813 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet
Answer:
calcule estúpido malparido
What resource is available to help scope out your clients' needs in QBO
There are ways to use a filter in one's client list so as to aid one to see the needs of the clients in a QuickBooks Online. This is done through Client list lead filter or the new Client Overview feature.
Why use a Client list lead filter or QuickBooks Online Client list lead filter is often used by firms that has multiple employees. With this, one can organize one's team by giving everyone a lead bookkeeper to all client in one's QuickBooks Online Accountant client list.Through the assignment process, One can filter his or her client list so as to only see the clients that has been given to you or one of your team members.
The new Client Overview feature is a feature on the QuickBooks Online (QBO). It is a Client Overview that helps one to know more about prospect's QBO file and quickly have a rough overview of how much work one needs to do in cleaning up and maintaining the books.
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Select all of the expressions that are equal to 6 × 45.
6 × (40 + 5)
Answer: A. 6 × (40 + 5)
C. (6 × 40) + (6 × 5)
E. 6 × (20 + 25)
Explanation:
The options include:
A. 6 × (40 + 5)
B. 4 + 2 × 45
C. (6 × 40) + (6 × 5)
D. (6 + 40) × (6 + 5)
E. 6 × (20 + 25)
6 × 45 = 270
A. 6 × (40 + 5)
= 6 × 45
= 270
B. 4 + 2 × 45
= 4 + 90
= 94
C. (6 × 40) + (6 × 5)
= 240 + 30
= 270
D. (6 + 40) × (6 + 5)
= 46 × 11
= 506
E. 6 × (20 + 25)
= 6 × 45
= 270
Therefore, the correct options are A, C and E.
Click on the BACKPACK tab and make choices for the SHAPE, STRAPS, MATERIAL, FEATURES and COLOR. Notice as you make your choices, the STATS and PRODUCTION COST will change. Do not forget who your target customer is and what they VALUE. You can always click on the SEGMENTS tab for reference if you need to. When you are done with your choices, click FINISH to move onto the next phase.
Answer:
Backpack Design: Shape: Large rectangular $15
Straps: Wide Padded $8
Material: Advanced $10 Features: Water Bottle $2 and extra waterproof protector for $10 extra, gps
Color: Blue
According to the given condition of the four shapes has the highest production cost is Teardrop Rucksack. The correct option is (A).
What do you mean by production cost?All of the direct and secondary expenses companies incur when producing a good or rendering service are referred to as production costs.
Various costs, including personnel, raw materials, consumable industrial supplies, and general fees, can be included in production costs.
The total cost of raw ingredients and personnel as well as the total cost of manufacturing overhead can be added together to get the total cost of the output.
It is the design that is most complex in nature. It has to go through different process steps, having parts of different sizes. So, it has the highest production cost.
Therefore, according to the given condition of the four shapes has the highest production cost is Teardrop Rucksack.
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This is an incomplete question the complete question is:
Okay, it's time to build a backpack that the OUTDOOR ENTHUSIAST market segment will love. The key design decisions you'll need to make include choosing the backpack's SHAPE, STRAPS, MATERIAL, FEATURES, and COLOR. First, let's focus on SHAPE. In the backpack builder panel, click through each of the four shape options.
Before you confirm the backpack shape selection, let's make sure you're reading the backpack shape information properly. Which of the four shapes has the highest PRODUCTION COST?
Teardrop RucksackRounded TopSquareLarge RectangularSlavery had a disruptive impact on the traditional political parties and immediately caused political transformation in the mid-1850s. Identify the economic and social changes that led to the rise of the Republican Party.
completion of the market revolution and industrialization
mass immigration from Europe
industrial economy
Mass migration from Europe, the completion of industrialization, the market revolution, and an industrialized economy were a few of the economic and social factors that contributed to the growth of the Republican Party.
The market revolution brought unprecedented economic expansion and personal prosperity, but it also gave rise to a rising lower class of propertyless laborers and a string of cataclysmic depressions known as "panics." Many Americans struggled to make ends meet while working for pitiful pay.
The Market Revolution, which took place in the first half of the 19th century and was largely attributed to the industry's widespread mechanization as well as the expansion and integration of numerous domestic and international economic markets, represented a fundamental change in the American economy.
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Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due. B. short-term ability to fund the company's operating needs. C. long-term ability to generate cash to for plant capacity needs and to fuel growth. D. the company's ability to generate sufficient cash to repay debt when due.
Answer:
A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.
Explanation:
Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.
It is used as a measure of the financial health of the business.
A business with good solvency has a high probability of remaining in operation for the foreseeable future.
If you are using the crowdfunding method to raise money for a new product or venture, who are
you are usually targeting? Select TWO options.
Answer:
Options for target audience when using crowdfunding to raise money for a new product or venture are General public and Segmented audiences.
Explanation:
General public: Crowdfunding platforms are open to anyone with internet connections, so entrepreneurs can target audiences at a large scale to convince them to invest in their product or venture. This includes friends, family, colleagues, and strangers willing to invest in the new product or venture.
Segmented audiences: Crowdfunding also targets specific segmented communities that share an interest in new products or ventures. This includes social media and online groups that align with the product or venture's target audience.
How does a subsidy provided for a good affect consumers?
A
It protects consumers from an unsafe good.
B
It lowers prices for the good but may reduce choice.
C
It decreases supply of the good, so consumers pay more for it.
D
It increases consumers’ incomes and encourages consumers to buy the good.
Answer: D. It increases consumers’ incomes and encourages consumers to buy the good
Explanation:
A subsidy is an amount of money that is given by the government to producers or farmers so as to increase the production of a particular good and also to reduce the price of the good.
Subsidies affect consumers as it increases consumers’ incomes and encourages consumers to buy the good. This is because the subsidized goods will be sold at a cheaper price which means that the income of the consumer is increased and also encourages more purchases of the good.
The Video Rental Center purchased 24 dozen video tapes of a blockbuster new movie, at a cost of $20 per tape, to sell during the Christmas season.
a. How many individual tapes did video rental center buy?
Answer:
228 units.
Explanation:
One dozen has 12 units
The video center purchased 24 dozens
In total, they pruchased
= 24 x 12 units
=228 units.
Each tapes cost $20. So they paid
=288 x 20
=$5,760
Which two statements about financial service companies are true?
Answer:
b. and d.
Explanation:
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method depreciation, and the bulldozer is expected to yield 26,500 operating hours.
Required:
(a) Calculate the depreciation expense per hour of operation.
(b) The bulldozer is operated 1,250 hours in the first year, 2,755 hours in the second year, and 1,225 hours in the third year of operations. Journalize the depreciation expense for each year.
Answer:
a. Depreciation expense per hour:
= (Cost - salvage value) / Expected operating hours
= (228,000 - 16,000) / 26,500
= $8 per hour
b. First year depreciation: Second year depreciation:
= 1,250 * 8 = 2,755 * 8
= $10,000 = $22,040
Third year depreciation:
= 1,225 * 8
= $9,800
Journal entries
Date Account Title Debit Credit
June 30, Year 1 Depreciation $10,000
Accumulated Depreciation $10,000
Date Account Title Debit Credit
June 30, Year 2 Depreciation $22,040
Accumulated Depreciation $22,040
Date Account Title Debit Credit
June 30, Year 3 Depreciation $9,800
Accumulated Depreciation $9,800