Answers
True, relationship marketing does attempt to rebuild damaged relationships and rejuvenate unprofitable customers.
What is relationship marketing?It is all those marketing tactics or actions whose purpose is to improve communication and relationship with customers in order to guide them during their buying process, this type of strategy also serves to start having an affective relationship with new customers.
Relationship marketing is fundamental because it serves to foster loyalty between employee and buyer during the life cycle. It is profitable for all companies to make use of Relationship Marketing in order to achieve an efficient treatment of people.
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Related Questions
Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:
Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.
Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes
Answers
Answer:
Evergreen Company
1. Necessary Journal Entries for Evergreen involving the sale of merchandise:
Feb. 28 Debit Notes Receivable (Lennox Inc.) $10,000
Credit Sales Revenue $10,000
To record the sale of goods on credit, terms 10% 7-month note.
Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000
Credit Sales Revenue $7,200
Credit Interest Receivable $800
To record the sale of goods on credit.
Apr. 3 Debit Accounts Receivable (Carr Co.) $7,000
Credit Sales Revenue $7,000
To record the sale of goods with terms 2/10, n/30.
Apri. 11 Debit Cash Account $6,860
Cash Discount Allowed $140
Credit Accounts Receivable (Carr Co.) $7,000
To record the collection on account.
Apr. 17 Debit Sales Returns $5,000
Credit Accounts Receivable $5,000
To record the return of goods on account.
Apr. 30 Debit Cash Account $49,500
Debit Finance Charges $500
Credit Accounts Receivable $50,000
To record the transfer of receivables to a factor without recourse and 1% finance charge.
June 30 Debit Cash Account $8,800
Debit Finance Charges $1,200
Credit Notes Receivable $10,000
To record the discounting of the note at the bank at 12%.
2. Necessary Adjusting Journal Entries at December 31, 2021:
3. A Schedule showing the effect of the journal entries on 2021 income before taxes:
Sales revenue $10,000
Sales Revenue 7,200
Sales Revenue 7,000
Discount Allowed (140)
Interest Receivable 800
Sales Returns (5,000)
Finance charges (500)
Finance charges (1,200)
Explanation:
Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date. This usually attracts some finance charges. Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default. Sales with recourse implies that Evergreen retains the risk arising from credit default.
Which of the following was later found to be unconstitutional in the early days of the farm bills?
reducing production of crops
planting soil-building crops
establishing food reserves
taxing food processors to pay for price supports
Answers
In the early days of the farm bills, taxing food processors to pay for price supports was found to be unconstitutional.
Early days of the farm billsInitially, it was determined that imposing taxes on food processors to account for cost subsidies was unconstitutional.
During this time, the Agricultural Adjustment Act of 1933 developed a system to assist the commodity industry financially by collecting tax money from processors and then distributing those funds to farmers in order to regulate crop production.
Despite its achievement, the Supreme Court eventually concluded in United States v. Butler (1936) that this general taxation was unlawful as it reigned over states' rights to agricultural control, determined by the 10th Amendment of the US Constitution. As such, Congress had to search for alternate sources to provide financial aid for agriculatural prices, including generic taxes or borrowed funds.
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Please label each question as either closed question or open-ended question. 1. How many personal computers do you have in this department? 2. How is this task performed? 3. Why do you perform the task that way? 4. How many hours of training does a clerk receive? 5. How many customers ordered products from the Web site last month? 6. What are users saying about the new system? 7. How are the checks reconciled? 8. What added features would you like to have in the new billing system? 9. Is the calculation procedure described in the manual? 10. Is there anything else you can tell me about this topic?
Answers
The label of the question as either closed question or open-ended question is given below:
1. Closed ended question
2. Open ended question
3. Open ended question
4. Closed ended question
5. Closed ended question
6. Open ended question
7. Open ended question
8. Open ended question
9. Closed ended question
10. Closed ended question
What are some instances of open-ended and closed-ended questions?Open-ended inquiries are those that provide responders a prompt for the inquiry and a blank place to write their own response. As an alternative, closed-ended inquiries give a question prompt and ask respondents to select from a range of acceptable answers.
"What do you think about this goods?" is an example of an open-ended question. Closed-ended questions, on the other hand, typically only allow for a single word or a selection from a small number of multiple-choice options (for example, "Are you satisfied with this goods?" Yes, No, Mostly or Not quite").
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Last year, total sales for your grocery store were $17,000 with returns of $457 and discounts of $700. The linear feet of shelving in the store totals 650. What are the sales less returns and discounts per linear foot of the store
Answers
Answer:24.37
Explanation:
24.37 just plug your formula and multiply the cash with store :)
Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?
Answers
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.
Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.
A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.
However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.
Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.
Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.
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Discuss the various system for internal administration for financial organisation.
Answers
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
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ne year ago, a U.S. investor converted dollars to yen and purchased 100 shares of stock in a Japanese company at a price of 3,150 yen per share. The stock's total purchase cost was 315,000 yen. At the time of purchase, in the currency market 1 yen equaled $0.00952. Today, the stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 145 yen. The stock does not pay a dividend. If the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding the stock
Answers
Answer:
realized loss = -20.31%
Explanation:
stock price ¥3,150, total operation ¥315,000
in US dollars = ¥315,000 x $0.00952 = $2,998.80
current market price ¥3,465, total operation ¥346,500
in US dollars = ¥346,500 / ¥145 = $2,389.66
realized loss = (current value in US dollars - initial investment) / initial investment = ($2,389.66 - $2,998.80) / $2,998.80 = -20.31%
Even though the stock price increased significantly (10%), the yen depreciated against the dollar even more (-38%)
Using the timeline on pp. 1524-1526 in the Norton Anthology of African American Literature 3rdEdition, Volume II, identify what you believe are the three most important events that occurred during the period from 1960-1975 and explain how each event influenced the literature of the period.
Answers
An overview of Norton Anthology of African American literature since 1945 and from the period 1960-1975 and events that influenced the literature of the period.
The political divisions, upheavals, and ambiguities of the 1960s were reflected in the decade's literature as authors grappled with shifting attitudes toward social involvement, corporate and governmental power, individual and minority rights, drug use, and technological advancements like television and consumer air travel that allowed for a more global perspective but disrupted traditional ways of thinking about time.
"An Overview of American Literature" sought to produce an aesthetic that was both rigorously credible and philosophically acceptable. Authors could express specific experiences on broad platforms like literary feminism and the Black Arts Movement without feeling like they were speaking for their race, ethnicity, or gender.
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What are the different elements of working capital and explain actions that Management of a business entity might take to reduce the length of the cycle
Answers
The different elements of working capital are current current asset and current liabilities. The management of a business entity might take ratio analysis to reduce the cycle.
Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.
What is working capital management?Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.
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afford that. (shouldnt, cant)
11. Circle the collective noun that best fits in the sentence.
1. The ( classroom/herd ) of students read the directions on th
2. Sailing around the (flock / chain of islands, the crew of sa
3. Bears fish in the river as the clouds / runs ) of salmon swa
4.
I ate a (plate / flock) of rice.
5. Running late, I ran up ( flights/pods ) of stairs in record ti
6. Looking up at the sky, I had a glimpse of the packs / gala
7. After the holidays, we had (colonies / heaps) of trash.
Grade 08 - English
(4)
Copying and imita
publishers law!
Answers
Answer:
Classroom
Chain of Islands
Runs
Plate
Flights
Gala
Heaps
Explanation:
what is classification of expenditures and revenues of governmental entities?
Answers
Answer:
Herman Eugene Talmadge (August 9, 1913 – March 21, 2002) was an American politician who served as governor of Georgia for a short period in 1947 and then again from 1948 until 1955 then as U.S. Senator from Georgia from 1957 to 1981.
Explanation:
how do you find marginal revenue
Answers
by dividing the change in total revenue by the change in total output quantity
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
Answers
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Material $ 6 Labor 4 Overhead 2 $ 12 Beginning inventory at these costs on July 1 was 5,000 units. From July 1 to December 1, Convex produced 15,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting.
Answers
The cost of goods sold for 15,000 units produced from July 1 to December 1 is $140,000.
What are goods?Goods refer to physical products or tangible items that can be bought, sold, or exchanged in a marketplace. These can be anything from food and clothing to electronics and furniture. Goods can be produced by individuals, businesses, or governments, and are usually traded in exchange for money or other goods. They can also be classified as consumer goods, which are intended for personal use, or as capital goods, which are used to produce other goods and services. The production and consumption of goods play a vital role in the economy, as they generate employment opportunities, drive innovation and technological advancement, and contribute to overall economic growth and development.
Total cost of beginning inventory= 5,000 units x $12 per unit = $60,000
Material $6 + Labor $4 + Overhead $2 = $12 per unit
Total cost of these 5,000 units= 5,000 units x $12 per unit = $60,000
Material $10 + Labor $4 + Overhead $2 = $16 per unit
Total cost of these 10,000 units= 10,000 units x $16 per unit = $160,000
Total cost of goods= Beginning inventory cost + Cost of units produced = $60,000 + $160,000 = $220,000
Cost of ending inventory= 5,000 units x $16 per unit = $80,000
COGS= Cost of goods available for sale - Cost of ending inventory = $220,000 - $80,000 = $140,000
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TopKnotch Mfg. Co. has a production cost of $280. It sells its product to a wholesaler for $400. The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.
A. What is the retailer’s markup percentage on selling price?
•
B. What is the wholesaler’s markup percentage on selling price?
•
C. What is the manufacturer’s markup percentage on cost?
Answers
Answer: 50%, 40%
Explanation: A. What is the retailer’s markup percentage on selling price?
Selling price – cost/Selling price X 100 so 1000-500=500/1000 =.5 X 100 = 50%
B. What is the wholesaler’s markup percentage on selling price? 1000-400/1000 X 100 = 40%
A. The retailer's markup percentage on selling price is 100%.
B. The wholesaler's markup percentage on selling price is 25%.
C. The manufacturer's markup percentage on cost is approximately 42.86%.
A. Retailer's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $1,000 - $500
= $500
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($500 / $500) * 100
= 100%
B. Wholesaler's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $500 - $400
= $100
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($100 / $400) * 100
= 25%
C. Manufacturer's Markup Percentage on Cost is calculated as follows:
Markup = Selling Price - Production Cost
Markup = $400 - $280
= $120
Markup Percentage = (Markup / Production Cost) * 100
Markup Percentage = ($120 / $280) * 100
= 42.86%
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For each of the following, is the business a price-taking producer?
Answers
Glen, a CFO of a large corporation notes that the business’s current assets add up to $18,900. Additionally, there is a fleet of trucks which is listed as a $780,000 debit on the balance sheet (there is also $246,000 of accumulated depreciation). The only other asset is a building which is debited for $1,050,000 (104,000 of accumulated depreciation). The book value of the corporation’s shares is $920,000 while retained earnings currently have a $210,000 credit balance. How much, in total, does the corporation owe to banks, suppliers, and other parties?
Answers
Based on the company's assets and equity, the amount that it owes various stakeholders is $368,900
Amount owed by companyYou can find this using the accounting formula:
Assets = Liabilities + Equity
Expanding the formula gives:
Current assets + Book value of fixed assets = Liabilities + Book value of shares + Retained earnings
18,900 + (780,000 - 246,000) + (1,050,000 - 104,000) = Liabilities + 920,000 + 210,000
Liabilities = 8,900 + (780,000 - 246,000) + (1,050,000 - 104,000) - 920,000 - 210,000
= $368,900
In conclusion, liabilities are $368,900
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What is the inventory turnover for Weber's Online, Inc.?
Weber's Online, Inc. ($ millions)
Current assets:$10,555
Accounts receivable:$5,582
Cash:$3,058
Inventories:$1,734
Sales:$36,938
Cost of goods sold:$30,838
Total current liabilities:$11,609
A: 2.36
B: 3.52
C: 17.8
D: 0.06
Answers
Answer:
Inventory turnover = 17.8 (Approx)
Explanation:
Given:
Current assets = $10,555
Accounts receivable = $5,582
Cash = $3,058
Inventories = $1,734
Sale = $36,938
Cost of goods sold = $30,838
Total current liabilities = $11,609
Find:
Inventory turnover
Computation:
Inventory turnover = Cost of goods sold / Average inventory
Inventory turnover = 30,838 / 1,734
Inventory turnover = 17.8 (Approx)
A cattle rancher is going to sell one of his prize bulls at an auction and would like to make $46,500 after paying a 7% commission to the auctioneer. For what selling price will the rancher make this amount of money
Answers
Answer:
Selling price= $50,000
Explanation:
Giving the following information:
Desired profit= $46,500
Commission rate= 7%
To calculate the selling price, we need to use the following formula:
Selling price= desired profit / (1 - commission rate)
Selling price= 46,500 / 0.93
Selling price= $50,000
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Part of File Explorer that is used to access devices, drives, and folders on your computer.
(A) This PC
(B) Location
(C) Status
Answers
Answer:
This PC?
Explanation:
when I go into file explorer, I don't see anything labeled location or status, but when I go into This PC there is nothing that says devices, so I'm not sure. I'm very sorry if I'm wrong
The Hub Store at a university in eastern Canada is considering purchasing a self-serve checkout machine similar to those used in many grocery stores and other retail outlets. Currently the university pays part-time wages to students totalling $64,000 per year. A self-serve checkout machine would reduce part-time student wages by $44,000 per year. The machine would cost $420,000 and has a 10-year useful life. Total costs of operating the checkout machine would be $6,800 per year, including maintenance. Major maintenance would be needed on the machine in five years at a total cost of $11,800. The salvage value of the checkout machine in 10 years would be $49,000.
The CCA rate is 25%. Management requires a 10% after-tax return on all equipment purchases. The company’s tax rate is 30%.
1. Determine the before-tax net annual cost savings that the new checkout machine will provide.
2-a. Using the data from (1) above and other data from the exercise, compute the checkout machine’s net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Negative value should be indicated with minus sign.)
2-b. Would you recommend that the machine be purchased?
Answers
The before-tax net annual cost savings that the new checkout machine will provide is $54,840 per year.
How do you determine the values?To determine the before-tax net annual cost savings that the new checkout machine will provide, we need to calculate the difference between the current part-time student wages and the total operating costs of the checkout machine.
Current part-time student wages: $64,000 per year
Total operating costs of checkout machine: $6,800 per year + $11,800 in five years = $6,800 per year + $2,360 per year
Total savings: $64,000 - ($6,800 + $2,360) = $54,840 per year
2-a. To compute the net present value (NPV) of the checkout machine, we need to use the following formula:
NPV = -Cost of investment + (Annual savings / (1 + Discount rate)^n) + (Salvage value / (1 + Discount rate)^n)
Where n is the number of years, Discount rate is the required rate of return, in this case 10% after-tax, and the salvage value is in the last year.
Cost of investment = $420,000
Annual savings = $54,840
Salvage value = $49,000
Discount rate = 10% after-tax = 10%*(1-30%) = 7%
n = 10 years
NPV = -$420,000 + ($54,840 / (1 + 0.07)^10) + ($49,000 / (1 + 0.07)^10) = -$420,000 + $38,982 + $27,813 = $-353,205
2-b. Based on the NPV calculation, the machine has a negative value so it would not be recommended to purchase. The company will lose money by purchasing it.
Therefore, the correct answer is as given above
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18 1/2% to a fraction and reduce to lowest term
Answers
The lowest term of the given fraction 18 /12 is 37/2.
What is a Fraction?An element of a whole is a fraction.
The number is represented mathematically as a quotient, where the numerator and denominator are split.
Both are integers in a simple fraction.
A fraction appears in the numerator or denominator of a complex fraction.
The numerator of a proper fraction is less than the denominator.
So, we have the fraction:
18 1/2
Now, convert t in the lowest term as follows:
18 1/2
2(18)+1/2
36+1/2
37/2
Therefore, the lowest term of the given fraction 18 /12 is 37/2.
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Correct question:
18 1/2 to a fraction and reduce to the lowest term?
Vail Resorts, Inc., owns and operates 11 premier year-round ski resort properties (located in the Colorado Rocky Mountains, the Lake Tahoe area, the upper midwest, Vermont, and Australia). The company also owns a collection of luxury hotels, resorts, and lodging properties. The company sells lift tickets, ski lessons, and ski equipment. The following hypothetical December transactions are typical of those that occur at the resorts.
Borrowed $2,300,000 from the bank on December 1, signing a note payable due in six months.
Purchased a new snowplow for $98,000 cash on December 31.
Purchased ski equipment inventory for $35,000 on account to sell in the ski shops.
Incurred $62,000 in routine repairs expense for the chairlifts; paid cash.
Sold $390,000 of January through March season passes and received cash.
Sold a pair of skis from inventory in a ski shop to a customer for $700 on account. (The cost of the skis was $400). (Hint: Record two entries.)
Sold daily lift passes in December for a total of $320,000 in cash.
Received a $3,500 deposit on a townhouse to be rented for five days in January.
Paid half the charges incurred on account in (c).
Received $400 on account from the customer in (f).
Paid $245,000 in wages to employees for the month of December.
Required:
1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2. Assume that Vail Resorts had a $1,000 balance in Accounts Receivable at the beginning of December. Determine the ending balance in the Accounts Receivable account at the end of December based on transactions (a) through (k).
Answers
Answer:
A.
a. Dr Cash $2,300,000
Cr Notes payable $2,300,000
b. Dr Equipment $98,000
Cr Cash $98,000
c.Dr Inventory $35,000
Cr Accounts payable $35,000
D. Dr Repair expense $62,000
Cr Cash $62,000
e. Dr Cash $390,000
Cr Unearned revenue $390,000
f. Dr Accounts receivable $700
Cr Sales revenue $700
Dr Cost of of goods sold $400
Cr Inventory $400
g. Dr Cash $320,000
Cr Sales revenue $320,000
h. Dr Cash $3,500
Cr Unearned revenue-deposit $3,500
i. Dr Accounts payable $17,500
Cr Cash $17,500
j. Dr Cash $400
Cr Accounts receivable $400
k. Dr Wages expense $245,000
Cr Cash $245,000
B. $1,300
Explanation:
A. Preparation of Journal entries
a. Dr Cash $2,300,000
Cr Notes payable $2,300,000
[To record cash borrowed from bank]
b. Dr Equipment $98,000
Cr Cash $98,000
[To record purchase of snowplow]
c.Dr Inventory $35,000
Cr Accounts payable $35, 000
[To record purchase of inventory on account]
D. Dr Repair expense $62,000
Cr Cash $62,000
[To record payment of repair expense]
e. Dr Cash $390,000
Cr Unearned revenue $390,000
[To record sale of season passes]
f. Dr Accounts receivable $700
Cr Sales revenue $700
[To record credit sales]
Dr Cost of of goods sold $400
Cr Inventory $400
[To record cost of goods sold]
g. Dr Cash $320,000
Cr Sales revenue $320,000
[To record sales ]
h. Dr Cash $3,500
Cr Unearned revenue-deposit $3,500
[To record customer deposits]
i. Dr Accounts payable $17,500
[35,000 x 1/2]
Cr Cash $17,500
[To record cash paid for accounts payable]
j. Dr Cash $400
Cr Accounts receivable $400
[To record collections from customers]
k. Dr Wages expense $245,000
Cr Cash $245,000
[To record payment of wages]
B. Calculation to Determine the ending balance in the Accounts Receivable account at the end of December
Beginning Accounts Receivable 1,000
Add: Sales on account 700
Less: Cash received on account -400
Ending balance in Accounts Receivable $1,300
Therefore the ending balance in the Accounts Receivable account at the end of December will be $1,300
Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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can some one help me this its urgent
Answers
Answer: Balance sheets follow ALS
Explanation: ALS stands for Assets-Liabilities-Stock (equity).
So first, find all assets. Place them under "assets" and add/subtract as needed (most likely add). In your case it should look something like this:
ASSTES:
Cash $6,414
Receivables $2,662
Inventory $3,191
Prepaid Expenses $2,557
TOTAL CURRENT ASSETS: $14,824
LONG TERM ASSETS:
Land $16,643
Buildings $56,163
Equipment $2,750
TOTAL LONG TERM ASSETS: $75,556
TOTAL ASSETS: $90,380
Where total current assets are calculated by summing up the total short term assets and long term assets is the same but with long term assets. Finally total assets is the sum of both the long and short term assets. You then do the same for the liabilities and equity.
Tylers client expressed concerns and questioned some of the details of the sales proposal once he completed his sales presentation. An effective salesperson would
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An effective salesperson would ask if there are any types of doubts or concerns that the person has with respect to the sales pitch.
Who is a salesperson?A sales representative is a person who represents a business and sells its own goods or services. The sales representatives typically market their goods by calling customers, interacting with them in person, placing advertisements, filing out tenders, etc.
The salesperson wants them to express if they have any is out of query or want doubts or concerns regarding the sales space that was given to them, they create a sense of information in the best possible manner that they can provide.
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Ughhhh, My questions are not getting answered!!!!!
What are the highest-paying jobs with and without college degrees?
Answers
Answer:
Explanation:
Railway operators or commercial pilots are the highest paying job without degrees with a whopping 56k-100k in money. Patrol officer may come nest but many vary.
Answer:
food service manager, truck driver, professional house cleaner, courier, material handler, warehouse associate, route driver, caregiver
A market index is a measure for tracking stock prices.
Answers
It is False. A market index evaluates a portfolio of securities with certain market characteristics. The index provider uses a distinct approach to calculate and maintain each index.
Index algorithms frequently employ market capitalization or price to determine their weight.
What is the process of stock index measurement?Key Takeaways - The index is calculated by adding the stock values of the 30 companies, which are then divided by the factor. Stock splits, dividends, or adjustments to the divisor occur when a company is added to or withdrawn from the index.
That would be what kind of a market index?The NYSE Composite Index and the Dow Jones Industrial Average are two examples of market indices (DJIA). The Nasdaq-100 Index, Wilshire 5000 Total Market Index, and S&P 500 are additional market indices.
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Complete Question -
A market index is a measure for tracking stock prices.
True False