To compute the book value of the plant and equipment and patent at the end of 2021, we need to consider their initial values, depreciation, and amortization. Given that the plant and equipment have a useful life of 10 years with no estimated residual value, and the patent has a useful life of 5 years with no residual value, we can calculate the book values as follows:
1. Book value of plant and equipment:
Initial value = $142 million
Depreciation per year = $142 million / 10 years = $14.2 million per year
Depreciation for 2019 to 2021 (3 years) = $14.2 million/year * 3 years = $42.6 million
Book value at the end of 2021 = Initial value - Depreciation for 2019-2021
Book value at the end of 2021 = $142 million - $42.6 million = $99.4 million
2. Book value of the patent:
Initial value = $32 million
Amortization per year = $32 million / 5 years = $6.4 million per year
Amortization for 2019 to 2021 (3 years) = $6.4 million/year * 3 years = $19.2 million
Book value at the end of 2021 = Initial value - Amortization for 2019-2021
Book value at the end of 2021 = $32 million - $19.2 million = $12.8 million
Now, let's determine the amount of any impairment loss to be recorded, if any, for the three assets:
1. Impairment loss for plant and equipment:
The fair value of plant and equipment at the end of 2021 is $52 million.
Since the undiscounted sum of future cash flows is less than the carrying amount, an impairment loss needs to be recognized.
Impairment loss = Carrying amount - Fair value
Impairment loss = $99.4 million - $52 million = $47.4 million
2. Impairment loss for the patent:
The fair value of the patent at the end of 2021 is $12 million.
Since the undiscounted sum of future cash flows is less than the carrying amount, an impairment loss needs to be recognized.
Impairment loss = Carrying amount - Fair value
Impairment loss = $12.8 million - $12 million = $0.8 million
3. Impairment loss for goodwill:
Goodwill is tested for impairment at the reporting unit level, which is Ellison Technology Corporation in this case.
The fair value of Ellison Technology Corporation at the end of 2021 is $362 million, and the fair value of its net assets (excluding goodwill) is $310 million.
Since the fair value of the reporting unit is higher than the fair value of its net assets, there is no impairment loss to be recorded for goodwill.
Therefore, the amounts of impairment loss to be recorded, if any, are:
- Plant and equipment: $47.4 million
- Patent: $0.8 million
Answers
The book value of the plant and equipment at the end of 2021 is $99.4 million, the book value of the patent is $12.8 million, and impairment losses of $47.4 million and $0.8 million are recorded for the plant and equipment and patent, respectively.
To compute the book value of the plant and equipment and patent at the end of 2021, we need to consider their initial values, depreciation, and amortization. The book value is calculated by subtracting the accumulated depreciation or amortization from the initial value.For the plant and equipment, the initial value is $142 million, and since it has a useful life of 10 years with no residual value, the annual depreciation is $14.2 million. Over the course of three years (2019-2021), the depreciation amounts to $42.6 million. Therefore, the book value of the plant and equipment at the end of 2021 is $99.4 million.For the patent, the initial value is $32 million, and with a useful life of 5 years and no residual value, the annual amortization is $6.4 million. The total amortization for three years is $19.2 million. Hence, the book value of the patent at the end of 2021 is $12.8 million.Regarding impairment losses, we need to compare the carrying amount (book value) of each asset with its fair value. If the fair value is lower, an impairment loss needs to be recognized. For the plant and equipment, the fair value is $52 million, resulting in an impairment loss of $47.4 million ($99.4 million - $52 million). As for the patent, the fair value is $12 million, leading to an impairment loss of $0.8 million ($12.8 million - $12 million).In summary, the book value of the plant and equipment at the end of 2021 is $99.4 million, while the book value of the patent is $12.8 million. Additionally, an impairment loss of $47.4 million is recorded for the plant and equipment, and an impairment loss of $0.8 million is recorded for the patent.For more questions on patent
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Related Questions
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $903,400; Freight-Out $13,700; Sales Returns and Allowances $22,000; and Sales Discounts $15,400. Prepare the sales section of the income statement.
Answers
Net Sales Revenue for Sunland Company: $865,000 (Sales Revenue $903,400 - Returns $22,000 - Discounts $15,400).
Income Statement - Sales Section (For the fiscal year ended October 31, 2022)
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $903,400 - $22,000 - $15,400 = $865,000
The sales section of the income statement for Sunland Company reflects the following figures for the fiscal year ended October 31, 2022:
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $865,000
The Sales Revenue represents the total amount of sales generated by Sunland Company during the fiscal year.
Sales Returns and Allowances account for any merchandise returned by customers or allowances granted due to defective products or other reasons.
Sales Discounts account for the reduction in the selling price offered to customers for early payment or other negotiated discounts.
By subtracting the Sales Returns and Allowances and Sales Discounts from the Sales Revenue, we arrive at the Net Sales Revenue figure.
For Sunland Company, the Net Sales Revenue amounts to $865,000, which represents the total sales revenue after deducting returns, allowances, and discounts.
This figure is significant for assessing the company's performance and analyzing its sales activities.
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Consider the following statement about a correlation. State the correlation clearly (for example, there is a positive correlation between variable A and variable B). Then state whether the correlation is most likely due to coincidence, a common underlying cause, or a direct cause. Explain your answer.
Over the past 30 years, data show that the number of games won by Major League baseball teams increased with team payroll.
_________________________________
Choose the correct answer below.
A. There is a negative correlation between a team's payroll and games won. This could be a direct cause since increasing the team's payroll will change the number of games won by the baseball team.
B. There is a negative correlation between a team's payroll and games won. This could be a direct cause since increasing the team's payroll will decrease the number of games lost by the baseball team.
C. There is a positive correlation between a team's payroll and games won. This is a coincidence since increasing a team's payroll will not change how good the team is at baseball.
D. There is a positive correlation between a team's payroll and games won. This could be a direct cause since a baseball team is likely to get paid more the better they do.
Answers
Answer:
D. There is a positive correlation between a team's payroll and games won. This could be a direct cause since a baseball team is likely to get paid more the better they do.
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Which of these statements describe executive summaries? Check all that apply.
Executive summaries summarize the major sections of the report.
O Executive summaries include many supporting details and background information.
Executive summaries introduce the report and preview the major divisions.
O Executive summaries highlight the report's conclusions and recommendations.
Answers
Answer: D
Explanation: an executive summary gives an outline of a bigger picture or report and is generally what the reader will see.
Question 5 of 10
What role does Congress play in developing the federal budget?
A. Congress sends requests to the president for federal spending
priorities.
B. Congress sends different plans to state governments for their
approval.
C. Congress determines which federal spending programs will be
mandatory.
O D. Congress considers the president's budget proposal and votes on
a finalized budget.
Answers
Answer: D
Explanation:
The role that the congress play in developing the federal budget is that the Congress considers the president's budget proposal and votes on a finalized budget.
What is federal budget?The federal budget is a numbered plan for the United States' annual public expenditures.
It is used to pay for a variety of federal expenses, including distributing agricultural subsidies, paying federal personnel, and purchasing military equipment.
The duty of Congress in the development of the federal budget is to evaluate the president's budget proposal and vote on a finalized budget.
Therefore, option D is correct.
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Red Co. had the following transactions through December 31: Cash proceeds from the sale of investment in Gold Co. stock $ 15,000 Dividends received on investment in Blue Co. stock $ 10,000 Repaid principal on a loan to the bank $ 35,000 Acquired investment in Yellow Co. stock $ 75,000 Proceeds from the disposal of factory equipment $ 12,000 What amount should Red report as net cash used by investing activities in its statement of cash flows for the period ended December 31
Answers
Answer:
Red Co.
The amount that Red Co should report as net cash used by investing activities in its statement of cash flows for the period ended December 31 is:
= $38,000.
Explanation:
a) Data and Calculations:
Investing activities section of the Statement of Cash Flows:
Sales of investment in Gold Co stock $15,000
Dividends received on Blue Co. stock 10,000
Purchase of investment in Yellow Co (75,000)
Proceeds from the disposal of equipment 12,000
Net cash used by investing activities $38,000
3. Jiro has £50 000 in a savings account. He intends to leave it there for the next 3
years and has a fixed annual interest rate of 3% per year. How much will his £50 000
be worth after 3 years?
Answers
Jiro', £50 000 in the savings account will be worth £54636.35 after 3 years.
What is a savings account?Savings accounts are deposit accounts that often pay more interest than checking accounts that do. Savings accounts place a cap on the number of specific transfers and withdrawals that can be made from the account throughout each cycle of monthly statements. Savings accounts are a secure place to save cash that you might need at a moment's notice. Almost any bank or credit union allows you to start one, frequently totally online and with little to no initial deposit. These accounts consistently pay the stated rate of interest, and while some have little fees, most do not.
Given,
Principle amount P = £50000
Rate of interest = 3% = 0.03
Time period T = 3 year
Total amount = P(1 + R)^T
Total amount = 50000(1 + 0.03)^3
= £54636.35
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Calculate the price rises from $17 a dozen to $23 a dozen, the elasticity of supply is
Answers
supplied goods costing
RS. 600 to mohan and
issued invoice at 10%
above cost and allowed
5% discount.
Answers
Answer:
Dr Mohan account 627
Cr Sales 627
Explanation:
Preparation of Journal entry
If the amount of RS. 600 is the goods costing that was supplied to mohan in which the issued invoice is 10% above cost with a 5% discounts the First step will be to calculate the Invoice price.
Calculation of the invoice price
Invoice price=[600+10%*600)+[5%*(600+10%*600)]
Invoice price=(600+60)-[5%*(600+60)]
Invoice price=660-(5%*660)
Invoice price=660-33
Invoice price=627
Now let prepare the Journal entry
Dr Mohan account 627
Cr Sales 627
(Being to record good sold to Mohan)
My assistant manager is pregnant; is it ok to make a baby sweater for he and his husband?
Answers
Answer:
yes it well be great gift
Explanation:
have good day
how do u get arrested
Answers
Answer:
breaking the laws that's one way to get arrested, if that's what you are asking lol
Answer:
Basically anything that interferes with the law or disturbs peace
Explanation:
1)hurt someone.
2)Spray paint.
3)Punch someone.
4)Fight with officer.
5)Get out of control at school.
6)Get in a fight.
7)Steal a car.
8)Sell drugs.
9)Hit a police car and drive off.
10)Threaten to hurt yourself.
etc
If leaseplan continues its diversity management activities, as described in the case, select the most closely aligned statistics to ots potential outcome
Answers
Tolerate is Thomas's generic action options for managing diversity is most illustrated in the case. Thus, option D is correct.
What is diversity?Diversity can be defined as the part of the workforce where there is a significant benefit to having a diverse workforce; this can be based on social or ethnic background; this is the state of the variety of people employed in the company.
The lease plan is satisfied that there is gender diversity, which is supported. As there are various numbers of male as well as female employees that are a part of the lease plan. As the number of women working in the company grows, this will demonstrate how the other gender is treated.
Therefore, option D is correct.
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The question is incomplete, Complete question probably will be is:
Leaseplan Effectively Manages Diversity The term, glass ceiling, was used to represent an absolute barrier or solid roadblock that prevented women from advancing to higher-level positions. The ceiling resulted in women finding themselves stuck in lower-level jobs, ones that did not have profit and loss responsibility, and jobs with less visibility, power, and influence. This scenario is changing. This case illustrates the Leaseplan Effectively Manages Diversity The term, glass ceiling, was used to represent an absolute barrier or solid roadblock that prevented women from advancing to higher-level positions. The ceiling resulted in women finding themselves stuck in lower-level jobs, ones that did not have profit and loss responsibility, and jobs with less visibility, power, and influence. This scenario is changing. This case illustrates the impact motivated leadership and changing company policies can have on gender diversity in the workplace. According to the United States Department of Labor, compared to women comprising 21 percent of the workforce in 1920, women comprised nearly half of the workforce in the United States in 2013, making gender diversity issues more and more important. This activity asks you to identify and apply your knowledge of such aspects of diversity. Read the case below and answer the questions that follow. In 2003, the representatives of LeasePlan USA's top customers were mostly women, as was the majority of the company's employees. However, men represented a large majority of top managers at the company, reflecting the old-boys network type culture that dominated the fleet industry. New leadership decided to change this and provided career counseling to women, revised reward systems to focus on performance instead of seniority, and replaced some existing managers. Two years ago, only one of seven top executives was a woman. Now, three of the top eight executives are women. The company's new chief executive claims that these changes are motivated by strategy rather than political correctness. He says, "LeasePlan doesn't build anything...Our sustainable competitive advantages are people." LeasePlan now also implements a development program catered specifically for female employees. The program includes skills assessments, career guidance, communications, brand building, and panel discussions with female executives from other companies. Which of Thomas's generic action options for managing diversity is most illustrated in the case? Multiple Choice suppress
isolate
deny
include/exclude
tolerate
3. Situation 2
Recruiting for field research will take a week longer than expected. However, Ria told you that the project end date is a hard deadline. What can you do? Think
of the triple constraint and remember that one of them will always have the priority. So if time is a constraint, what areas might Ria adjust to reduce the time
in the project? Write 2-3 sentences.
Answers
If time is a constraint, Ria may need to adjust either the scope or resources to reduce the time in the project. One option is to reduce the scope of the project by cutting back on some of the research objectives. Alternatively, Ria could increase the resources available, such as adding more staff to the project, to help complete the research in the desired timeframe.
What is field research?Field research is a type of research where data is collected outside of a laboratory or controlled environment. It involves studying the subject in its natural environment and can include a range of methods such as observation, surveys, interviews, and experiments. Field research is commonly used in social sciences, anthropology, and ecology, where it is necessary to study human behavior, cultural practices, and natural ecosystems in their real-world contexts. The advantages of field research are that it provides rich and detailed data, allows for the exploration of complex phenomena, and can generate new insights and theories. However, it can also be time-consuming, expensive, and subject to bias and ethical concerns.
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Explain two advantages to TGH of segmenting the market for sport shoes
Answers
1. Targeted Marketing: By segmenting the market, TGH can identify specific groups of consumers with distinct needs, preferences, and behaviors related to sport shoes. This allows them to tailor their marketing efforts and product offerings to meet the specific demands of each segment. For example, they can develop different marketing messages, designs, or features for segments such as professional athletes, casual runners, or fashion-conscious individuals. This targeted approach enhances the effectiveness of marketing campaigns, leading to increased customer engagement, brand loyalty, and ultimately, higher sales.
2. Competitive Advantage: Segmenting the market can help TGH gain a competitive edge over rivals. By focusing on specific segments, TGH can better understand their unique requirements and deliver superior products and services compared to competitors who adopt a more generic approach. This can lead to enhanced customer satisfaction and loyalty within those segments. Additionally, TGH can identify niche or underserved segments within the sport shoe market and develop specialized products to cater to their needs. By catering to these niche segments, TGH can differentiate itself from competitors and establish a strong position in the market.
Overall, market segmentation allows TGH to optimize their marketing efforts, cater to diverse consumer needs, and gain a competitive advantage by focusing on specific market segments.
Alicia's credit card statement for July read as follows:
Previous balance: $547.98
New charges: $238.31
Payments or credits: 299.00
Finance charge: $8.21
What is the new balance on Alicia's credit card statement for July?
Answers
Answer:
$495.5
Explanation:
The closing balance will the opening balance plus additional charges minus the payments made.
Opening or previous balance = $547.00
New charges: $238.31
Finance charge: $8.21
Total new charges =$238.31 +$8.21= $246.52
Payments = $299.00
New Balance at end of July
=$547.00 + $246.52- $299
=$794.5 -$299.0
=$495.5
10. Do you think engaging in organic farming is an example of corporate citizenship? Why?
Answers
Answer:
The global population is growing rapidly causing a rise in demand for sustainable food production.
Explanation:
8. Consider the information in the table below:
Factory rent 50,000
Factory electricity 45,000
Processing Dept – supervisor 14,000
Packing Dept – supervisor 13,000
Depreciation of equipment 32,000
Factory canteen expenses 20,000
Welfare costs of factory employees 16,000
Processing Packing Canteen Services
Floor area 20,000 m2 14,000 m2 10,000 m2 6,000 m2
NBV equipment $600,000 $500,000 $300,000 $200,000
No. of employees 55 35 5 5
Required:
a) Allocate and apportion production overhead costs amongst the four departments using a suitable basis.
The Canteen and Services provides work for the Processing and Packing departments as follows:
Processing Packing Canteen Services
Canteen 45% 45% - 10%
Services 55% 35% 5% -
Required:
b) Reapportion the costs from the Canteen and Services department to the production departments.
Answers
a) To allocate and apportion production overhead costs amongst the four departments, we need to choose a suitable basis. The table provides information on the floor area, NBV equipment, and the number of employees in each department. A suitable basis could be the number of employees since it is a common factor in all departments.
Using the number of employees as a basis, we can allocate the supervisor costs and welfare costs to each department based on the number of employees in each department:
Processing Dept – supervisor = $14,000 x (55/100) = $7,700
Packing Dept – supervisor = $13,000 x (35/100) = $4,550
Total supervisor costs = $12,250
Welfare costs of factory employees = $16,000
Total production department employees = 55 + 35 = 90
Welfare cost per employee = $16,000 / 90 = $177.78
Allocated welfare costs for Processing Dept = $177.78 x 55 = $9,777.78
Allocated welfare costs for Packing Dept = $177.78 x 35 = $6,222.22
To apportion the remaining costs, we can use the floor area as a basis. We have a total floor area of 50,000 m2.
Factory rent = $50,000 x (20,000/50,000) = $20,000
Factory electricity = $45,000 x (20,000/50,000) = $18,000
Depreciation of equipment = $32,000 x (20,000/50,000) = $12,800
Total allocated costs for Processing Dept = $7,700 + $9,777.78 + $20,000 + $18,000 + $12,800 = $68,277.78
Factory rent = $50,000 x (14,000/50,000) = $14,000
Factory electricity = $45,000 x (14,000/50,000) = $12,600
Depreciation of equipment = $32,000 x (500,000/2,100,000) = $7,619.05
Total allocated costs for Packing Dept = $4,550 + $6,222.22 + $14,000 + $12,600 + $7,619.05 = $44,991.27
Factory canteen expenses = $20,000 x (10,000/50,000) = $4,000
Total allocated costs for Canteen Dept = $4,000
b) To reapportion the costs from the Canteen and Services department to the production departments, we can use the percentages given in the table.
Allocated canteen costs for Processing Dept = $4,000 x 45% = $1,800
Allocated canteen costs for Packing Dept = $4,000 x 45% = $1,800
Allocated canteen costs for Services Dept = $4,000 x 10% = $400
Allocated services costs for Processing Dept = $12,250 x 55% = $6,737.50
Allocated services costs for Packing Dept = $12,250 x 35% = $4,287.50
The final allocated and reapportioned production overhead costs are:
Processing Dept = $68,277.78 + $1,800 + $6,737.50 = $76,815.28
Packing Dept = $44,991.27 + $1,800 + $4,287.50 = $51,079.77
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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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A order comes in for two bean burritos and one crunchy taco the starter starts grilling the
tortilla...what should the finisher do
Answers
Answer:
assembling them
Explanation:
An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.
What is Assembling?Generally, to assemble in one area for a shared objective.
In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.
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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answers
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
cross cultural differences in leadership
Answers
Answer:
Cross Cultural Leadership Cultural Differences in Leadership Cultural differences determine certain leadership traits and portions of our personality. It is easy to discredit the importance of cross-cultural differences and their influences on various leadership styles. Different cultures are known for certain traits. Cultural traditions and values play a role in a leader's style. According to the "International Journal of Cross Cultural Management," leadership traits result partly from cultural norms and partly from the needs of the leadership job. Cultures differ regarding the use of power.
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True/False Questions. Each question carries 4 marks. Please write your answer in Section B in the Answer
Sheet.
1. Evaluating operations by comparing actual results to budgeted results is a part of the controlling
responsibility of management.
Answers
\(\large\rm\color{Yellow}Answer:\)
Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.
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Suppose a firm’s sales for the year = $1200 and its average receivables balance is $200. What is the firm’s Accounts Receivable Turnover Ratio, expressed in days (not times per year)?
Answers
Answer:
61 days
Explanation:
Accounts receivable turn over ratio is an efficiency ratio that is used to calculate how efficiently a company is receiving its sales on account payments . This measures the number of times in a period that a company collects its average accounts receivable.
When expressed in days , it reveals the number of days it takes a sales on account customer to make payment
Workings
Annual sales = 1200
Average receivable balance = 200
Receivable turnover ratio = Annual sales /average receivable balance
1200/ 200 = 6
Account receivable turnover ratio in days = 365/receivable turnover ration
365/6 = 60.8 days = approximately 61 days
This shows that it takes a customer approximately 61 days to pay their purchase on account which
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answers
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Which are examples of marketing,sales,and service workplaces? Check all that apply
A:ladoratories
B:schools
C:vehicles
D:warehouses
E:farms
F:stores
G:offices
Answers
Answer:
they are correct
Explanation:
Warehouses, stores, and offices are examples of places of employment for marketing, sales, and service. Thus, options D, F, and G are correct.
Why do individuals work in sales, marketing, and service?Most employees in these areas work there to boost product and service sales.
The vast majority of businesses depend on sales and marketing to generate revenues.
Their salespeople generate a large portion of their revenue. As a result, sales and marketing experts are highly sought after in all sectors of the economy.
It explains why marketing positions are available in every sphere of the economy.
As a result, the traditional places of employment for those in the marketing, sales, and service sectors are establishments like stores, factories, and warehouses.
In both your personal and professional life, a job in sales may provide you with stimulating and rewarding options.
The chance to become a top sales earner is available to those with the following qualities: creativity, knowledge, strategy, independence, confidence, and motivation.
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Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
Answers
A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.
What precisely is RFM examination (recency, recurrence, and money related)?RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.
What levels of clickstream investigation are there?Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.
Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.
tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clusteringLearn more about RFM analysis: https://brainly.com/question/28537349
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Please check debit and credit to make sure all of them are correct, and prepare the balance sheet & income statement.
Accruals Bank Bank Loan - Long-Term Buildings Buildings Accum Depn at 31.12.2009 Carriage Inwards Corporation Tax Debentures 4% Debenture Interest Fixtures & Fittings F & F Accumulated Depreciation at 31.12.2022 Insurance Intangible Assets Land Utilities (Electricity & Water) Marketing Motor Expenses Office Equipment Office Equip Accum Depn at 31.12.2022 Opening Inventory Other Reserves Proceeds from Sales of Office Equipment Provision for Bad Debts Rates Rent Repairs & Maintenance Retained Earnings Revaluation Surplus Revenue Revenue Return/ Purchases Returns Share Capital - 100,000 shares at 1$ each Share Premium Suspense Trade Receivable/ Trade Payable Purchases Wages & Salaries 800,000 20,000 1,500 75,000 23,000 80,000 450,000 1,000 24,000 5,600 150,000 50,000 14,000 12,000 7,900 19,000 80,000 450,000 73,500 2,000 65,000 455,000 200,000 5,000 200,000 15,000 45,000 43,000 4,000 4,000 150,000 20,000 950,000 10,000 100,000 5,000 15,000 48,500
Answers
First, it is important to separate debit items from credit items. Debits will be recorded on the left side of the T account, while credits will be recorded on the right side. After all of the transactions have been recorded, it is essential to compare the total debits to the total credits. The totals should be equal.
If they are not equal, there has been an error somewhere in the recording process.The balance sheet, also known as a statement of financial position, reflects a company's financial position at a specific moment. The assets, liabilities, and equity of the company are all represented on the balance sheet. The income statement, also known as the profit and loss statement, details the company's financial performance over a specific period, such as a quarter or a year.
Accruals, Bank, Bank Loan, Buildings, Buildings Accum Depn at 31.12.2009, Carriage Inwards, Corporation Tax, Debentures 4%, Debenture Interest, Fixtures & Fittings, F & F Accumulated Depreciation at 31.12.2022, Insurance, Intangible Assets, Land, Utilities (Electricity & Water), Marketing, Motor Expenses, Office Equipment, Office Equip Accum Depn at 31.12.2022, Opening Inventory, Other Reserves, Proceeds from Sales of Office Equipment, Provision for Bad Debts, Rates, Rent, Repairs & Maintenance, Retained Earnings, Revaluation Surplus, Revenue, Revenue Return/ Purchases Returns, Share Capital - 100,000 shares at 1$ each, Share Premium Suspense, Trade Receivable/ Trade Payable, Purchases, and Wages & Salaries are some of the terms that need to be considered for creating a balance sheet and income statement.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Answers
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
How do you choose the brainliest answer?