Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2021, VGC’s income statement accounts had zero balances and its balance sheet account balances were as follows:
Cash $ 1,590,000
Accounts Receivable 245,000
Supplies 17,800
Equipment 922,000
Buildings 435,000
Land 1,250,000
Accounts Payable 137,000
Deferred Revenue 140,000
Notes Payable (due 2025) 81,000
Common Stock 2,800,000
Retained Earnings 1,301,800
In addition to the above accounts, VGC’s chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January month:
Received $65,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.
Purchased 10 new computer servers for $34,600 on 1/2; paid $14,400 cash and signed a three-year note for the remainder owed.
Paid $12,600 for an Internet advertisement run on 1/3.
On January 4, purchased and received $3,300 of supplies on account.
Received $215,000 cash on 1/5 from customers for service revenue earned in January.
On January 6, paid $3,300 cash for supplies purchased on January 4.
On January 7, sold 19,200 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account.
Paid $420,000 in wages to employees on 1/30 for work done in January.
On January 31, received an electric and gas utility bill for $5,250 for January utility services. The bill will be paid in February.
rev: 09_22_2021_QC_CS-279217
Prepare a classified Balance Sheet at January 31, 2021, using your response to part 6.
Answers
(1) Beginning cash balance of $1,590,000 decreased by $65,250 cash received for subscriptions earned in 2020, $14,400 cash paid for computer servers, $12,600 cash paid for internet advertising, $3,300 cash paid for supplies,
and half of $19,200 cash received for subscriptions sold on account, and increased by $215,000 cash received for service revenue earned in January.
Vanishing Games Corporation (VGC)
Balance Sheet
January 31, 2021
Assets:
Cash $ 822,650 (1)
Accounts Receivable 464,750 (2)
Supplies 300 (3)
Equipment 907,400 (4)
Buildings 435,000
Land 1,250,000
Total Assets $3,869,100
Liabilities and Equity:
Accounts Payable $ 3,300 (5)
Deferred Revenue 194,400 (6)
Notes Payable (due 2025) 66,600 (7)
Total Liabilities 264,300
Common Stock 2,800,000
Retained Earnings 804,800 (8)
Total Liabilities and Equity $3,869,100
(2) Accounts receivable increased by $215,000 cash received from customers for service revenue earned in January and decreased by $10,250 ($65,250 cash received for subscriptions earned in 2020 minus $55,000 earned in January for subscriptions sold on account).
(3) Supplies increased by $3,300 purchased on account on January 4 and decreased by $3,000 ($3,300 purchased minus $300 paid for supplies purchased on January 6).
(4) Equipment increased by $34,600 cost of new computer servers purchased on January 2.
(5) Accounts payable increased by $3,300 supplies purchased on account on January 4.
(6) Deferred revenue increased by $19,200 subscriptions sold on account on January 7.
(7) Notes payable increased by $20,400 ($81,000 x 3 years x 1 month/36 months) interest accrued on note payable.
(8) Retained earnings increased by $55,000 earned in January for subscriptions sold on account and decreased by $420,000 paid for wages and $19,200 earned in January for subscriptions sold on account.
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Related Questions
which organization oversees volunteers who have international trade experience and who use this experience to provide one-on-one counseling to active and new export businesses? multiple choice question. world trade organization us commerce department service corps of retired executives department of commerce
Answers
The US commerce department organization oversees volunteers who have international trade experience and who use this experience to provide one-on-one counseling to active and new export businesses. Therefore option B is correct.
What is an export?
Modern economies rely heavily on exports because they give individuals and businesses access to a wide variety of new markets. Fostering economic commerce, and boosting exports and imports for the advantage of all trading parties, is one of the main goals of diplomacy and foreign policy between countries.
China reported exports of products totaling around $2.5 trillion, mostly industrial and technological equipment. The majority of the $1.6 trillion in exports from the US were capital goods. Vehicles made up the majority of Japan's exports.
Therefore option B is correct.
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economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. the most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators. which of the following variables are measured as part of this index? check all that apply. government expenditures new applications for unemployment insurance technological advances hours worked by manufacturing workers consumer expectations true or false: short-run economic forecasts give the government useful information regarding expected tax revenues, but are not relevant to businesses because they cannot adjust output in the short run. false true suppose the most recent data show that the average initial weekly claims for unemployment insurance have recently increased. this change suggests period in the coming months.
Answers
Since economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy, the variable that are measured as part of this index is A. Technological advances as a Leading indicator.
What is leading and lagging indicators?An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging indicator is a measurement of an output.
Future economic trends are predicted using leading indicators. Although no single indicator can predict the future, there has historically been a positive or negative correlation between various indicators and performance.
Therefore, one can say that Economic conditions have an impact on lagging indicators. After a good phase, some lagging indications will normally appear, and after a weak one, other indicators will. One indicator is not proof or performance on its own; once more, these indicators were chosen based on past trends.
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See full question below
Leading economic indicators
Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators.
1. Which of the following variables are measured as part of this index?
A.Technological advances
B. New applications for unemployment insurance
C.The interest rate spread
D.Stock prices
E.The ratio of elderly to non elderly worker
Which of the following is a variation of fraudulent MLMs, in which an organization sells illusionary products and profits, instead of real products?
a. foreign advance scheme
b. identity theft scheme
c. shoulder surfing scheme
d. ponzi scheme
Answers
The correct response is option d. A variation of fraudulent MLMs where an organization sells illusionary products and profits, instead of real products, is known as a Ponzi scheme.
A Ponzi scheme is a fraudulent investment scheme that involves the payment of returns to existing investors using funds obtained from new investors. In this variation of fraudulent MLMs, the organization deceives individuals by promising profits and rewards based on the recruitment of new participants rather than the sale of genuine products or services.
The scheme operates by using the investments from new participants to pay returns to earlier investors, creating an illusion of profitability. However, there is no legitimate underlying business or product generating sustainable profits. Eventually, as the number of new investors diminishes, the scheme collapses, leaving the majority of participants with financial losses.
Ponzi schemes are illegal and considered fraudulent as they rely on continuous recruitment to sustain the illusion of profitability, rather than generating genuine profits from legitimate business activities or product sales.
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What are some of the ripple effects of food waste
Answers
Answer:
Increased wastage of food can prompt expanded quantities of one, which would then be able to place the second in the chain out of equilibrium. The frameworks in the chain are touchy, and even the littlest changes can have an expanding influence on a biological system, lessening its biodiversity.
Explanation:
t the _____ level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it. Group of answer choices financial customization
Answers
At the Financial level of relationship marketing, a firm uses pricing incentives to encourage customers to continue doing business with it.
What is relationship marketing?
Relationship marketing is a component of customer relationship marketing (CRM) that prioritises long-term engagement and client loyalty over short-term objectives like customer acquisition and individual sales.
You can incorporate the following relationship marketing strategy examples into your strategy: simplify the checkout procedure on your website (and other customer actions, like the onboarding experience) Construct loyalty reward schemes. Inquire about and pay close attention to client feedback and demands.
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A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table. Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the . 01 significance level.
Answers
There is no relationship between the pension plan selected and the job classification of the employees.
A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table.The data are cross-classified based on two factors which are Job Classification and Pension Plans.
Since there are more than 2 variables involved in the experiment, the test which is appropriate to be performed in this scenario is a chi-square test.The null and alternative hypotheses are:H0: There is no relationship between job classification and pension plan selected.
H1: There is a relationship between job classification and pension plan selected.The level of significance of the test is 0.01.To perform the chi-square test, we need to calculate the expected frequencies which is obtained by multiplying the row and column totals and dividing by the grand total (n).
The expected frequencies for the above data are shown below:
To calculate the test statistic, we will use the formula:Chi-square = ∑ (O-E)²/Ewhere, O = observed frequencyE = expected frequency∑ = summing over all categoriesWe can obtain the test statistic by filling in the following table:
Since the calculated value of chi-square (χ²) (1.9599) is less than the tabulated value of chi-square (χ²) (7.815), we fail to reject the null hypothesis.
There is no significant evidence to suggest that there is a relationship between job classification and pension plan selected by the employees.
Hence, we conclude that there is no relationship between the pension plan selected and the job classification of the employees.
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Which people in government and public administration act as first responders during emergencies?
Law enforcement professionals, such as ________, act as the country’s first responders during emergencies, such as natural disasters.
Answers
Answer:
see below
Explanation:
Law enforcement professionals, such as firefighters, emergency medical technicians (EMT's), state police offices, and paramedics, act as the country's first responders during emergencies and natural disasters. The U.S. marshals, deputy marshals, and the military may also be called depending on the gravity of the disaster.
The law enforcement professionals' core mandate is to protect citizen's lives and property. During emergencies, law enforcement agencies are always called upon to execute their mandate with speed and the utmost care.
the highlighted structure contributes to which autonomic function? inferior view of the brain. the highlighted structure is the most inferior bunch of yellow colored tissue arising between an oblong structure situated in the middle of the brain and a large structure, each half of which embraces the roundish structure.the highlighted structure contributes to which autonomic function? stimulation of secretions of the submandibular and sublingual salivary glands
Answers
Stimulation of secretions of the submandibular and sublingual salivary glands.
What triggers the secretion of salivary glands?The parasympathetic nerves and neuropeptides like substance P play a major role in the mechanism of salivary gland secretion, which also includes adrenergic signaling by sympathetic nerves. A mixed serous and mucous discharge is produced by submaxillary (mandibular) glands. The saliva that sublingual glands produce has a mucous composition in the majority of cases.
How can you increase salivation?Increase your fluid intake by regularly sipping on cold water or an unsweetened beverage. Chew sugar-free gum or suck on sugar-free candies to encourage saliva production in your mouth. Sucking on an ice cube will wet your mouth as it slowly melts.
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Virtual Teams can be harnessed for greater sustainability by all of the following EXCEPT a) communicate as much a possible through virtual means b) encourage all team members to think about whether a face-to-face meeting is necessary c) choose the most environmentally responsible travel methods d) choose the most economical way to meet e) determine the financial cost of meeting
Answers
Virtual Teams cannot be harnessed for greater sustainability by determining the financial cost of meeting. The correct answer is e) determine the financial cost of meeting.
Virtual teams can indeed contribute to greater sustainability by utilizing virtual means of communication, encouraging team members to consider whether face-to-face meetings are necessary, and choosing environmentally responsible travel methods whenever possible.
Additionally, selecting the most economical way to meet can help minimize the carbon footprint of a virtual team. However, focusing solely on the financial cost of meeting may not necessarily align with sustainable practices.
The correct answer is e).
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The qualitative characteristics that make accounting information useful for deci sion-making purposes are as follows. Relevance Neutrality Verifiability Faithful representation Completeness Understandability Predictive value Timeliness Comparability Confirmatory value Materiality Free from error
Instructions Identify the appropriate qualitative characteristics) to be used given the information provided below.
(a) Qualitative characteristic being employed when companies in the same industry are using the same accounting principles.
(b) Quality of information that confirms users' earlier expectations
(c) Imperative for providing comparisons of a company from period to period
(d) Ignores the economic consequences of a standard or rule
(e) Requires a high degree of consensus among individuals on a given measurement
(f) Predictive value is an ingredient of this fundamental quality of information (s)
(g) Four qualitative characteristics that are related to both relevance and faithful representation
(h) An item is not recorded because its effect on income would not change a decision.
(i) Neutrality is an ingredient of this fundamental quality of accounting information )
(j) Two fundamental qualities that make accounting information useful for decision-making purposes
(j) Issuance of interim reports is an example of what enhancing quality of relevance?
Answers
Answer:
a) Comparability
b) Confirmatory Value
c) Comparability (Consistency)
d) Neutrality
e) Verifiability
f) Relevance
g) comparability, timeliness, verifiability, understand-ability
h) Materiality
i) faithful representation
j) Relevance, faithful representation
k) timeliness
Explanation:
Comparability provides for information to be comparable with businesses in same industry, or with its own past performances.
Confirmatory Value is the value that was initially expected and turns out to be the same as expected, as for example sales forecast.
Consistency refers to the value where same methods are applied in order to keep the reports consistent.
Neutrality refers to the quality of information where it does not depend on some particular situation and is not biased in any manner.
Verifiability refers to the information which is verifiable that means that can be checked again whether the presented information is correct or not.
Relevance refers to the quality of being important, whether at that particular time the information is relevant for the concerned argument.
Timeliness refers to the quality of information that is prepared and presented at the concerned time. As for example the financial statements of the year 2010 shall be prepared by the end of 2010, additional time if any is allowed that shall be given but accounts shall be prepared in the additional time allowed.
Understand ability refers to the quality of information that it shall be easily interpreted to the desired results and should be easy to understand.
Materiality refers to the quality of information that will make an impact, if the information do not make any impact it shall not be material.
Faithful representation refers to the quality that the information is true and not false in any intentional manner.
If the overall unemployment rate is percent, it is likely that O alt is greater than 8 percent for teenagers
Answers
If the overall unemployment rate is percent, it is likely that O alt is greater than 8 percent for teenagers. The main answer is:False
The explanation is:The statement is not complete and doesn't give us any specific value or information about the overall unemployment rate. We cannot determine whether the statement is true or false without knowing the exact value of the unemployment rate.
Moreover, there is no mathematical or logical proof to support the statement provided in the question. Therefore, we cannot say that the statement is true or false without any substantial evidence.
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Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. Early in the development of this high-growth company, Arnold and Bradford attracted a group of investors who provided them with money needed to acquire other Internet companies with similar missions. The investment group is called:
Answers
The investment group is called Angel Investors.
What is Angel Investors?An angel investor is a person who contributes money to the startup of a firm or businesses, typically in exchange for ownership equity or convertible debt. Angel investors typically fund start-ups during their first stages and when the majority of investors are unwilling to support them.
A wealthy individual with a high net worth who supports small businesses or entrepreneurs financially is known as an angel investor (also called as a private investor, seed investor, or angel funder).
Angel investors invest normally between $5,000 and $150,000 in potential firms at the very early stages in order to profit. In return, they get an ownership stake in the business and anticipate profits if it is successful.
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Susan, a manager in a local company, became romantically involved with one of her subordi- nates at work. They sent love messages back and forth by using the company’s Internet con- nection. The company regularly monitored its employee’s on-the-job e-mails and had a policy against such personal involvements. As a con- sequence, Susan was fired. She brought suit for invasion of privacy. Will she win?
Answers
Since She brought a law suit for invasion of privacy. I believe that she will not win and as such my response is No. This is due to the fact that she was using company tech for her personal purpose and this is wrong. The company has the full right to monitor what is going on in their network and if what they see is against the company ethics, they have right to do anything that they want.
What is the meaning of invasion of privacy?The term is known to be one that connote a situation where a person fails to honor or respect another person's right to keep some parts or areas of their personal information from being exposed.
This will make a person to feel that the there is an invasion of their privacy.
Therefore, based on the above, Since She brought a law suit for invasion of privacy. I believe that she will not win and as such my response is No. This is due to the fact that she was using company tech for her personal purpose and this is wrong. The company has the full right to monitor what is going on in their network and if what they see is against the company ethics, they have right to do anything that they want.
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Using the Rule of 72, calculate how many years it will take to double an investment of
$1,000 given the following interest rates.
a. 2% interest rate
b. 5% interest rate
c. 7.5% interest rate
Answers
Answer:
see below
Explanation:
As per rule 72, it takes (72/interest rate to double the investment.
I.e., The time taken to double an investment= 72/ interest rate
To double 1000, it will take 2%
= 72/2
=36 years
At 5%
=72/5
=14.4 years
At 7.5 %
=72/7.5%
=9.6 years
Answer:
it would be c
Explanation:
HELPPPPP PLEASE
1. Unlimited liability is full responsibility for your companies debt.
False
True
2. Limited Liability means that if the business closes that you own, you are required to pay back the debt.
True
False
Answers
Answer: 1.True
2. False
Explanation:I just took the quiz and got it right so you should too lol.
The idea of a decision process implies that consumers always apply rational processes in their buying decisions. false true
Answers
The idea of a decision process implies that consumers always apply rational processes in their buying decisions - False.
What are buying decisions?Consumers make decisions about market transactions before, during, and after they acquire a good or service. This is known as the buying decision process. It can be viewed as a specific type of cost-benefit analysis when there are numerous possibilities.The buyer decision process, also known as the consumer decision process, aids in understanding how customers proceed from learning about a product to making a purchasing decision. Sales and marketing must comprehend the purchasing process of the customer.Consumer decisions can be divided into three main categories: nominal, limited, and extended. Each of these categories has a range of buy involvement levels, from high to low.To learn more about buying decision, refer
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11. Which of these does NOT represent a type of credit?
*
1 point
A certificate of deposit (CD)
A credit card
A mortgage
Answers
A certificate of deposit (CD) does not represent a type of credit.
A certificate of deposit (CD) does not represent a type of credit. A certificate of deposit is a financial instrument offered by banks and credit unions that allows individuals to deposit a certain amount of money for a fixed period of time, typically ranging from a few months to several years. In return, the financial institution pays the depositor a fixed interest rate.
Unlike credit cards and mortgages, which involve borrowing money, a CD involves depositing money with the financial institution. The individual essentially lends money to the institution, and in return, earns interest on the deposited amount. The interest rate offered on a CD is predetermined and agreed upon at the time of purchase.
CDs are considered to be a low-risk investment option because they are typically insured by the government up to a certain amount. They provide a stable and predictable return on investment, making them attractive to individuals who prioritize safety and want to preserve their principal.
In summary, while credit cards and mortgages involve borrowing money, a certificate of deposit is not a type of credit. Instead, it is a financial instrument that allows individuals to deposit money with a financial institution and earn a fixed interest rate over a specified period of time.
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R. E. Lee recently took his company public through an initial public offering. He is expanding the business quickly to take advantage of an otherwise unexploited market. Growth for his company is expected to be 40 percent for the first three years and then he expects it to slow down to a constant 15 percent. The most recent dividend was $0.75. Based on the most recent returns, the beta for his company is approximately 1.5. The risk-free rate is 8 percent and the market risk premium is 6 percent. What is the current price of Lee's stock
Answers
Answer: $77.13
Explanation:
Based on the information given in the question, the current price of Lee's stock will be calculated thus:
First, the required rate of return will be:
= 8% + (1.5 × 6%) = 8% + 9% = 17%
Year 1:
Cash flow: 1.05
Present value: 0.90
Year 2:
Cash flow: 1.47
Present value: 1.07
Year 3:
Cash flow: 2.06
Present value: 1.28
Year 4:
Cash flow: 118.34
Present value: 73.88
The current price of Lee's stock will be:
= 0.90 + 1.07 + 1.28 + 73.88
= 77.13
The current price of Lee's stock is $77.13.
where does a country lie on the economic continuum if their economy is 70% free/market and 30% command?
Answers
Command economies exist in Havana, North Korea, as well as the former Soviet Union. China had a centrally planned economy until 1978, when it started transitioning to a mixed economy.
What does the market mean?
Definition: A industry is characterized by the total number of sellers and buyers in a given area or region. This same region may encompass the entire universe, or it can be countries, territories, cities and counties, or cities. The value, cost, and value of items traded in a market are determined by the supply and demand forces.
What are the various market types?
Market types include:
Monopoly: A monopolistic is a market emergence that possesses the characteristics of a pure industry.Oligopoly.The ideal rivalry.Monopolistic rivalry.Monopsony.Oligopsony.Monopoly by nature.To know more about Market visit:
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one benefit of buying a house is that with every mortgage payment, you will build equity.
T/F
Answers
One benefit of buying a house is that with every mortgage payment Purchasing a home has several advantages, one of which is the ability to accumulate equity with each mortgage payment. This statement is True.
The percentage of a property that you possess after deducting the mortgage and any other liens from its market value is referred to as equity. The assertion is accurate. Equity is essentially the difference between your debt and the value of your home. The interest on your loan is paid in part by your monthly mortgage payment, and the remaining sum is applied to the principle balance of your loan. You will steadily lower your remaining loan balance as long as you make these payments, which will raise your equity in the home.
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Please hurry
Select the examples that best demonstrate likely tasks for Energy Distribution workers Check all that apply. Harry oversees the flow of energy through large neighborhood networks. Sabrina supervises workers at an oil refinery. Hortencia drives a company van to job sites. Dan designs equipment for harvesting geothermal energy Renee uses equipment to start and stop energy flow in a customer's home. Benjamin follows state and local building codes when installing electrical systems.
Answers
sorry i that im late
Its 3, 5 & 6
Answer:
C, E, F. (correct edge2020)
c. Hortencia drives a company van to job sites.
e. Renee uses equipment to start and stop energy flow in a customer’s home.
f. Benjamin follows state and local building codes when installing electrical systems.
Explanation:
This is because some common Energy Distribution tasks are:
-using equipment to start and stop energy flow, and connecting systems to energy sources.
-following state and local building codes (rules and standards for buildings and structures).
-driving or traveling to job sites.
For your assignment, read Jeremy's email then write at least three complete sentences describing how Jeremy used the SPA method to advocate for himself.
Dear Mr. Kwali,
One week ago, you gave us the homework to read one chapter every night. You told us that we would have to write a chapter summary every morning when we got to class. I was excited to read this book, but also nervous because it is the longest book I've ever tried to read.
Mr. Kwali, I am having a hard time keeping up with my reading. When I sit down to read, sometimes the letters move around. I am trying to read a chapter every night, but it takes me over an hour to read and I also need to finish all my other homework.
I thought of a solution. Could I come to your classroom at lunch so I could read and maybe get some help from you? This way, I can spend some extra time reading and I won't fall behind.
I know that you don't always have students stay for lunch in your classroom, so thank you for your help. Maybe I can come just twice a week.
Thank you,
Jeremy
Answers
Jeremy presented himself using the SPA technique, outlining his issue, his suggested remedy, and his appreciation.
What is advocate?A person who has received training to promote and defend the rights of others is an advocate. They are frequently attorneys, but they can also be non-attorney professionals like social workers, psychologists, or doctors. A person who speaks up on another person's behalf to ensure that their needs, rights, and interests are taken into consideration is known as an advocate.
They are in charge of analysing the law, conducting pertinent research, and making sure that their client's interests are represented in court or during other legal proceedings. In order to provide the voice of the oppressed a chance to be heard, advocacy is a crucial component of the judicial system. For individuals who believe they have no voice, advocates are frequently viewed as a ray of hope.
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Darrin lives in washington, d. C. , which has a sales tax of 6%. He just bought a video camera whose full price was $620, but after sending in a rebate form, he later received a check in the mail for $95. What was the total amount that darrin ended up paying after receiving the rebate?.
Answers
The total amount Darrin paid after receiving the rebate would be $525. It is the basic concept of finding the final price after discount.
To find the final price that Darrin paid for the video camera after receiving the rebate, you need to subtract the amount of the rebate from the original price of the camera. In this case, the original price of the camera is $620, and the rebate he received is $95.
So, to find the final price, you subtract the rebate amount from the original price:
$620 - $95 = $525.
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You have become a trusted resource for your organization, and they have asked for your advice on gaining a competitive advantage in the field. More specifically, they would like your analysis and recommendations on ways to bring their company culture, demographics, and technologies up to current industry practices and beyond. Review the demographic and technological information about your company. If the information is not public, base your decisions on a similar company and research. This information will assist you as you complete your Organizational Presentation in Step 2 of this assessment.
Answers
Improving company culture, demographics, and technologies can contribute to gaining a competitive advantage.
To enhance company culture, it is essential to foster an environment that values employee engagement, collaboration, and innovation.
This can be achieved through initiatives such as promoting open communication channels, encouraging continuous learning and professional development, recognizing and rewarding employee achievements, and creating a diverse and inclusive workplace culture.
In terms of demographics, it is important to have a workforce that reflects the diversity of the customer base and target market. This can be achieved through targeted recruitment and hiring practices, implementing diversity and inclusion programs, and providing equal opportunities for career growth and advancement.
Regarding technology, staying up to date with current industry practices and adopting cutting-edge technologies can give your organization a competitive edge. This may include investing in cloud computing, data analytics, artificial intelligence, automation, and digital transformation initiatives.
It is crucial to regularly assess technological needs, conduct market research, and invest in training and development to ensure employees have the necessary skills to leverage these technologies effectively.
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A company typically makes a net profit of approximately 20% of its net sales. If sales were $100,000 and sales discounts were $5,000, how much was net profit?
Answers
The net profit will be 20% of $25,000, which is $5,000.
Net profit is the difference between gross profit and expenses. It is an indicator of how much money a company has earned after accounting for all expenses and taxes. A company's net profit is typically about 20% of its net sales. This means that the company makes a profit of 20 cents for every dollar of sales it generates.
If the company's sales are $100,000, the net profit will be 20% of the sales, which is $20,000.Gross profit is calculated by subtracting the cost of goods sold from net sales. Net sales are the total sales of a company minus any discounts, returns, or allowances.
In this case, sales discounts were $5,000, which means that net sales were $100,000 - $5,000 = $95,000.
To calculate net profit, we need to first calculate gross profit.
Assuming that the cost of goods sold was $70,000, the gross profit will be $95,000 - $70,000 = $25,000.
Therefore, the net profit will be 20% of $25,000, which is $5,000.
Therefore, the net profit for the company will be $5,000.
If a company's sales are higher or lower than $100,000, the net profit will also be higher or lower accordingly. The net profit margin is an important financial metric as it shows how efficiently a company is using its resources to generate profits. It is also used by investors to evaluate a company's profitability and growth potential.
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Identify the correct statement. Group of answer choices An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve. An increase in the price level in an economy will increase the real value of dollar-denominated assets. An increase in the price level in an economy will shift the aggregate demand curve rightward. An increase in the price level in an economy will shift the aggregate expenditure line upward. An increase in the price level in an economy will decrease the equilibrium level of output demanded.
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Answer:
An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.
Generally, an increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.
Additionally, an economy's aggregate demand curve shifts rightward or leftward by more than changes in initial spending because of the multiplier effect. Also, an increase in stock prices that increases consumer wealth will most likely shift the aggregate demand curve to the right.
Lastly, a change in price level would not shift the aggregate demand curve (AD curve).
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What is something you would like to accomplish in the future? Perhaps you would like to learn how to play an instrument, graduate at the top of your class, or visit the ocean. Identify one thing you would like to accomplish, and include specific details and examples to help explain why it is important.
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Demonstrate that you are a self-directed student who won't need a lot of guidance. Tell us how you handle getting questions answered. Showcase how you can bring value right now. Show that you are aware of the responsibilities of the position.
What is the value?Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.
If I have the time and the chance, I'd like to learn how to play the violin. My mother once gave me a toy violin when I was little, and I really enjoyed playing it and spent a lot of time with it. Playing an instrument every day is the best way to learn it. It is preferable to practice daily for 30 minutes as opposed to twice a week for 2 hours. Your development may be more satisfying if you divide your practice time into little daily sessions.
Therefore, Bring value right now. Show that you are aware of the responsibilities of the position.
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
Explain the term "marginal rate of technical substitution." (Assume a two-input production function.) A. The MRTS gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output remains constant. B. The MRTS gives the amount by which the quantity of one input must be increased when one extra unit of another input is used to keep output constant. C. The MRTS gives the amount by which the quantity of one input must be increased when one extra unit of another input is used to increase output by one unit. D. The MRTS gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output increases.
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Answer:
A
Explanation:
The Marginal rate of technical substitution gives the amount by which the quantity of one input can be reduced when one extra unit of another input is used, so that output remains constant.
If the actual order quantity is the economic order quantity in a problem that meets the assumptions of the economic order quantity model, the average amount of inventory on hand?
a. is smaller than the holding cost per unit. b. is one-half of the economic order quantity. c. goes down if the holding cost per unit goes down. d. is zero. e. goes down if the setup cost per order goes up.
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The average amount of inventory is one-half of the economic order quantity. That condition occurs when the actual order quantity in a problem that meets the assumptions of the economic order quantity model.
Inventory or also known as stock generally can be described as the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. EOQ or also known as economic order quantity can be defined as a company's optimal order quantity that meets demand while minimizing its total costs related to ordering, receiving, and holding inventory.
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