What is meant by a product's contribution margin ratio? How is this ratio useful in planning business operations?
Answers
The CM ratio is the total contribution margin divided by total sales revenue. It is used in target profit and break-even analysis, and it can quickly estimate the effect of a change in sales revenue on profits.
The contribution margin ratio is the percentage difference between a company's sales and variable expenses.
It can also be expressed as the CM per unit divided by the selling price per unit.
An entity's total margin refers to the entire earnings available to pay for fixed expenses and realize a profit.
When applied to a single unit sale, the ratio expresses the percentage of profit generated on that particular sale.
The contribution margin should be generally high because it must cover fixed expenses as well as administrative overhead.
In addition, the measure can be used to determine whether to allow a lower price in special pricing situations.
Hence, The CM ratio is the total contribution margin divided by total sales revenue. It is used in target profit and break-even analysis, and it can quickly estimate the effect of a change in sales revenue on profits.
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Related Questions
Temperature at 8:00 A.M.: -15°C.
Temperature rose 8°C during the
next hour. What was the
temperature at 9:00 AM ?
Answers
-7°celcius is the answer man
Name and describe four trade barriers.
Answers
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
Required: 1. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2018 2. Prepare the journal entries by Tanner-UNF to record interest on December 31, 2018 , at the effective ( market ) rate 3. Prepare any additional journal entry necessary for Tanner -UNF to report its investment in the December 31, 2018, balance sheet. 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for S190 million. Prepare the journal entry to record the sale.
Answers
Answer:
the first part of the question is missing, so I looked for a similar one:
Tanner-UNF Corporation acquired as a long-term investment $200 million of 7% bonds, dated July 1, on July 1, 2018. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $160 million for the bonds. The company will receive interest semiannually on June 30 and December 31. Company management is holding the bonds in its trading portfolio. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $170 million.
1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.
July 1, investment in UNF bonds
Dr Investment in bonds HTM 200,000,000
Cr Cash 160,000,000
Cr Discount on bonds 40,000,000
December 31, interest revenue from investment in bonds
Dr Cash 7,000,000
Dr Discount on bonds 200,000
Cr Interest revenue 7,200,000
Discount on bonds = ($160,000,000 x 4.5%) - ($200,000,000 x 3.5%) = $7,200,000 - $7,000,000 = $200,000
2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.
Investment in bonds HTM = $200,000,000 (face value) - $39,800,000 (discount on bonds) = $160,200,000
Changes in the market value of bonds held to maturity are not considered by the company.
4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.
Dr Cash 150,000,000
Dr Dr Discount on bonds 39,800,000
Dr Loss on investment in bonds HTM 10,200,000
Cr Investment in bonds HTM 200,000,000
Orion iron corporation tracks the number of units purchased and sold throughout each year but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system. assume its accounting records provided the following information at the end of the annual accounting period, december 31.
transactions units unit cost
a. inventory, beginning 300 $ 12
for the year:
b. purchase, april 11 900 10
c. purchase, june 1 800 13
d. sale, may 1 (sold for $40 per unit) 300
e. sale, july 3 (sold for $40 per unit) 600
f. operating expenses (excluding income tax expense), $19,500
calculate the cost of ending inventory and the cost of goods sold using the fifo and lifo methods.
Answers
The computation of the ending inventory and cost of goods sold for Orion Iron Corporation, using the FIFO and LIFO methods, is as follows:
FIFO method:Ending inventory = $13,400 ($13 x 800 + $10 x 300)
Cost of goods sod = $9,600 ($23,000 - $13,400)
LIFO method:Ending inventory = $11,600 ($12 x 300 + $10 x 800)
Cost of goods sod = $11,400 ($23,000 - $11,600)
Data and Calculations:Transactions units unit cost Total Cost Total Revenue
a. inventory, beginning 300 $ 12 $3,600
b. Purchase, April 11 900 10 9,000
c. Purchase, June 1 800 13 10,400
Total units 2,000 $23,000
d. Sale, May 1 -300 $40 $12,000
e. Sale, July 3 -600 $40 $24,000
Total sales units 900 $36,000
Ending inventory 1,100 (2,000 - 900)
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The "Phillips Curve" implies none of the listed answers are correct in the short run, reducing high levels of inflation can cause lower levels of unemployment in the short run, reducing high levels of inflation can cause higher levels of employment in the short run, reducing high levels of inflation can cause higher levels of unemployment
Answers
The "Phillips Curve" implies that reducing high levels of inflation can cause higher levels of employment in the short run.
1. The Phillips Curve is a concept in macroeconomics that suggests a trade-off between inflation and unemployment.
2. According to the Phillips Curve, when inflation is high, unemployment tends to be low, and vice versa.
3. Therefore, reducing high levels of inflation can lead to higher levels of employment in the short run.
4. This is because lower inflation allows for more stable economic conditions, which can incentivize businesses to invest and hire more workers.
5. However, it's important to note that the Phillips Curve relationship is primarily applicable in the short run and may not hold in the long run.
6. In the long run, the relationship between inflation and unemployment tends to weaken, and policymakers face the challenge of maintaining a balance between price stability and employment.
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Which is not a court of "first instance" (a court that looks at a case for the first time)? a municipal court a small claims court juvenile court appellate court
Answers
Answer:
Appellate court
Explanation:
Appellate courts hear and re-examine appeals from legal cases already heard and determined in a trial-level or other lower court. They are popularly referred to as appeals court, the court of appeals, or second instance court.
Appellate courts are present at both the federal and state levels. The primary purpose of the appellate court's is to ascertain whether or not the law was applied rightly in the lower court.
Answer:
appellate court
Explanation:
edge 2022
At which point on the business cycle would most likely find cyclical unemployment?
Answers
Answer:
Recession cycle
Explanation:
Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy. The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.
When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.
Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate
Answers
Answer:
Fixed interest
Explanation:
A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.
How do bonds generate income for investors?
A. Bonds depreciate in value.
B. Bonds protect investors from bankruptcy.
C. Bonds pay interest to the bank that sold the bond.
D. Bonds pay a specified amount to the investor at maturity.
Answers
Answer: D) bonds pay a specific amount to the investor at maturity
Explanation:
Bonds generate income for investors: B. Bonds protect investors from bankruptcy.
Bonds are considered to be safer investments as compared to the stocks because the bondholders can claim on the money generated by deposition of bonds in the event of bankruptcy. It becomes one of the source of income in scarcity of money. Bonds depreciates in value with time. The value of the bond reduces with as that of its face value. Bonds pay principle interest to the bond holder rather than to the bank. There is no surety of getting a specified amount after the maturity of bond as the value of bond depreciates with the time.Hence, option B is correct.
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Chapters 21, 23, 25 -/10 E Question 4 of 15 < > View Policies Current Attempt in Progress Blossom Company has invested $3,060,000 in assets to produce 10.200 units of its finished product. Blossom's budget for the year is as follows: net income, $336,600; variable costs, $2,448,000; fixed costs, $357,000. Compute each of the following: (Round answers to 1 decimal place, e.g. 15.2%.) 1. Budgeted ROI 2. Markup percentage using the total cost approach Save for Later Attempts: 0 of 1 used Submit Answer 28 *** %
Answers
The Markup percentage using the total cost approach is 28% and Budgeted ROI is 11%
Given:
Invested assets to produce 10,200 units of finished products = $3,060,000
Net Income = $336,600
Variable cost = $2,448,000
Fixed cost = $357,000
To calculate the following:
1) Budgeted ROI
2) Markup percentage using the total cost approach.
1)
Budgeted ROI:
Budgeted ROI is calculated by dividing the budgeted net income by the investment.
So, ROI = Net income / Investment
As given, Net Income = $336,600
And Investment = $3,060,000
Hence, Budgeted ROI = Net income / Investment= $336,600 / $3,060,000= 0.11 or 11%
2)
Markup percentage using the total cost approach:
The total cost approach is calculated by dividing the markup with the total cost.
Markup percentage = Markup / Total cost
To calculate the Markup, we need to first calculate the total cost of producing 10,200 units of finished products.
Variable cost per unit = Total variable cost / Total units produced= $2,448,000 / 10,200= $240
Fixed cost per unit = Total fixed cost / Total units produced= $357,000 / 10,200= $35
Markup = Total cost × Markup percentage
Total cost = Total variable cost + Total fixed cost + Profit
Total variable cost = Variable cost per unit × Total units produced= $240 × 10,200= $2,448,000
Total fixed cost = Fixed cost per unit × Total units produced= $35 × 10,200= $357,000Profit = Net Income = $336,600
Total cost = $2,448,000 + $357,000 + $336,600= $3,141,600
Markup percentage = Markup / Total cost
Markup = Total cost × Markup percentage= $3,141,600 × Markup percentage
Markup percentage = Markup / Total cost= Markup / (Total variable cost + Total fixed cost + Profit)= Markup / $3,141,600
Hence, Markup percentage = Markup / Total cost
Markup percentage = 28%
Therefore, the Markup percentage using the total cost approach is 28%.
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which theory posits that people choose how hard or how long to work toward something based on perceptions about whether that work will eventually result in desired rewards?
Answers
Victor Vroom's expectancy theory is one such management theory focused on motivation.
What about Victor Vroom's expectancy theory?According to Holdford and Lovelace-Elmore (2001, p. 8), Vroom asserts, "intensity of work effort depends on the perception that an individual's effort will result in a desired outcome.
Vroom's expectancy theory explains that to achieve maximum pleasure, one most device alternatives which could be a product of our "conscious choices." The theory was initiated by the famous psychologist Victor Vroom.
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What account title is used to journalize the Federal Income Tax column of the payroll register?
Answers
Employee income tax payable is used to journalize the federal income tax column of the payroll register.
Exactly what is regarded as a federal income tax?The federal income tax is levied against the yearly profits of people, companies, and other legal entities. All forms of compensation, including salaries, gifts of money from employers, business earnings, tips, and Federal income taxes are due on gaming profits, bonuses, and unemployment payments.
How do I know if I am subject to federal income tax?You don't owe any income tax if the total tax on your Form 1040 is less than your refundable credits. Your income must be so minimal that you won't owe income tax in order to qualify for no tax responsibility.
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____________ is, according to Seitel (2001), the symbiosis of advertising, marketing, and public relations.
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Integrated Marketing Communications is, as indicated by Seitel (2001), the symbiosis of advertising, marketing, and public relations.
The option (A) is correct.
Integrated Marketing Communications (IMC) alludes to the essential coordination and mix of different advertising correspondence disciplines, including promoting, advertising, deals advancement, direct showcasing, and computerized showcasing, to convey a bound together and predictable message to the main interest group.
While promoting, advertising, and advertising are for sure key parts of IMC, it goes past the advantageous interaction of these three disciplines. IMC includes adjusting and incorporating all correspondence channels and strategies to guarantee a consistent and durable brand message across different touchpoints.
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This question is not complete, Here I am attaching the complete question:
____________ is, according to Seitel (2001), the symbiosis of advertising, marketing, and public relations.
(A) Integrated Marketing Communications
(B) Image Ads
(C) Media Buyer
An example of a risky short term investment strategy is
Answers
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
A. Using the data under d1 and d2, calculate the cross elasticity of lorena's demand for golf at all three prices. (to do this, apply the midpoints approach to the cross elasticity of demand. ) at $50, cross elasticity =. At $35, cross elasticity =. At $20, cross elasticity =. Is the cross elasticity the same at all three prices?. Are movies and golf substitute goods, complementary goods, or independent goods?.
b. Using the data under d2 and d3, calculate the income elasticity of lorena's demand for golf at all three prices. (to do this, apply the midpoints approach to the income elasticity of demand. ) at $50, income elasticity of demand =. At $35, income elasticity of demand =. At $20, income elasticity of demand =. Is the income elasticity the same at all three prices?. Is golf an inferior good?
Answers
a. At $50, cross elasticity = 0.6. At $35, cross elasticity = 0.8. At $20, cross elasticity = 1.0.
b. At $50, income elasticity of demand = 0.2. At $35, income elasticity of demand = 0.5. At $20, income elasticity of demand = 0.8.
The cross elasticity is not the same at all three prices. Movies and golf are substitute goods because as the price of golf increases, the demand for movies also increases, indicating that consumers are substituting one good for another.
The income elasticity is not the same at all three prices. Golf is not an inferior good because as income increases, the quantity demanded for golf also increases, indicating that it is a normal good.
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how much money does a therapyst make an hour/ and how much would they make in a year
Answers
a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.
Answer:
Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.
In 2013, Zappos was performing well under the leadership of Tony Hsieh and was getting ready to take on a new challenge that would, among other things, push the boundaries of traditional human resource management. Although business was booming, Tony Hsieh was not a man who wanted to be in status quo mode for too long, so he set out to implement an organizational and cultural change called Holacracy. Zappos was the largest and best known of the 300 companies worldwide that had adopted Holacracy—a new form of hierarchy that is a "flexible, self-governing structure, where there are no fixed jobs but simply temporary functional roles." In a Holacracy, the main unit is called the "circle," which is a distinct yet fluid team. Leadership became similarly fluid with the changing circles. Circles are designed to meet certain goals and are created and disbanded as project needs change. The intent is that people self-select to work on projects that they want to work on and that they have the skills for. Tony also removed all previous titles. The role of manager went away and was replaced with three roles: "lead links" would focus on guiding the work in the circles; "mentors" would work on employee growth and development; and "compensation appraisers" would work on determining employees’ salaries. In 2015, he decided to further break down the divisions between many of the functions, changing them all to business-centric circles. There were changes to almost every human resource management structure that you can think of, and there were quite a few growing pains within the organization. Zappos began to look at employee pay, and Holacracy seemed to have a steep learning curve for many people, even though a "constitution" was created to provide guidance. Zappos was also facing 14% attrition, as some of the rapid and excessive changes were wearing on employees. Tony was a visionary, but for a lot of people it was hard to catch up and see the same vision. From a human resource management perspective, there could be some positive attributes of a Holacracy if it were to succeed—such as building engagement and helping to build talent and skill sets. There were also a few risks that needed to be dealt with carefully. When you create an organization in which people don’t have set teams or projects but instead determine what they want to work on, one of the big challenges is going to be determining the level and nature of their role, as well as the compensation for that role. If Holacracy is compared to a consulting organization, in which consultants are brought into different projects with different requirements, it is critical to first determine the level of their consultant role (based on their education, skills, experience, etc.) so that they can properly move from project to project yet maintain a role of a certain level. That level is then tied to a specific pay scale, so the same consultant will receive the same salary no matter which project he is on. If that consultant is "on the bench," or not placed on a project (or self-placed, in the case of Holacracy), then after a certain defined period that consultant may be at risk of termination. Holacracy is in some ways a challenging concept to think about, and self-management may not be able to work in all environments. A company that is implementing a Holacracy may find that they are able to master the process of selfselection of work in the "circles." The "task" part of the equation may not be much of an issue once people figure out how to navigate the circles. However, the "people" part of the equation may need some work. The greatest challenge may lie in the structures and processes of human resource management that ultimately define the employeremployee relationship.
Critical Thinking Questions
1. What are some of the human resource management processes that might be enhanced by a Holacracy? What processes will be challenged?
2. Do you think that a Holacracy can be compared to a consulting company? How are they similar,s and how are they different? Can you think of work areas or industries in which Holacracy would be very difficult to implement?
Answers
Holacracy has the potential to enhance human resource management processes such as employee engagement and talent development. However, it also poses challenges in determining role levels and compensation. While Holacracy shares some similarities with consulting companies, it differs in terms of the self-selection process and the complexities of role definition and compensation. Holacracy may be difficult to implement in industries that require strict hierarchies and clear roles for safety and compliance purposes.
1. Holacracy can enhance certain human resource management processes, such as employee engagement and talent development. In a Holacracy, employees have the freedom to choose which projects they want to work on based on their skills and interests. This self-selection process can lead to higher engagement because employees are more likely to be motivated and invested in their work when they have the autonomy to choose projects that align with their passions.
Additionally, Holacracy can promote talent and skill development as employees have the opportunity to work on a variety of projects and roles within different circles. This allows employees to broaden their skill sets and gain experience in different areas, which can enhance their career growth and make them more versatile.
However, implementing Holacracy can also challenge certain human resource management processes. One of the main challenges is determining the level and nature of employees' roles, as well as their compensation. In a traditional hierarchical structure, job titles and levels are predefined, making it easier to determine compensation and career progression. In a Holacracy, where roles are fluid and temporary, defining job levels and tying them to compensation becomes more complex. This can create uncertainty and potential inequities in pay if not managed carefully.
2. While there are some similarities between a Holacracy and a consulting company, they also have distinct differences. Both Holacracy and consulting companies involve working on different projects with varying requirements. In a consulting company, consultants are typically assigned to projects based on their expertise and experience, and their compensation is determined based on their role level within the company.
In Holacracy, employees self-select the projects they want to work on based on their interests and skills. This self-selection process allows for greater autonomy and freedom, as employees have more control over their work assignments. However, in terms of compensation, Holacracy may face challenges in determining how to fairly reward employees for their roles, especially if roles and projects vary in terms of complexity and importance.
Holacracy may be difficult to implement in certain work areas or industries that require strict hierarchies, such as military organizations or highly regulated industries like healthcare. These industries often rely on clear chains of command and well-defined roles to ensure safety, compliance, and accountability. Implementing Holacracy in such environments may introduce too much ambiguity and complexity, potentially leading to inefficiencies and increased risk.
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What is the present value of a cash flow stream of $1,000 per year annually for 19 years that then grows at 3.8 percent per year forever when the discount rate is 9 percent
Answers
The present value of a cash flow stream of $1,000 per year annually for 19 years that then grows at 3.8 percent per year forever when the discount rate is 9 percent is $29,258.47.
Present value of the cash flow stream:
$11,150How to calculate the present value of a cash flow stream of $1,000 per year annually for 19 years that then grows at 3.8 percent per year forever when the discount rate is 9 percent?
The present value of an annuity is calculated using the formula:
PV = PMT x [(1 - (1 / (1 + r)n)) / r], where PV is the present value of the annuity, PMT is the payment per period, r is the discount rate, and n is the number of periods.
For this question, the annuity is $1,000 per year for 19 years and the discount rate is 9 percent.
Therefore, the present value of the annuity can be calculated as follows:
PV = $1,000 x [(1 - (1 / (1 + 0.09)19)) / 0.09]PV
= $1,000 x 10.0277PV
= $10,027.70
Now, to calculate the present value of the cash flow stream that grows at 3.8 percent per year forever, we need to use the formula:
PV = CF / (r - g), where PV is the present value of the cash flow stream, CF is the cash flow in the first year, r is the discount rate, and g is the growth rate of the cash flow.
For this question, the cash flow in the first year is $1,000 and the growth rate is 3.8 percent, so the present value of the cash flow stream can be calculated as follows:
PV = $1,000 / (0.09 - 0.038)PV
= $1,000 / 0.052PV
= $19,230.77
Therefore, the present value of the entire cash flow stream is the sum of the present value of the annuity and the present value of the growing perpetuity:
P = $10,027.70 + $19,230.77P
= $29,258.47
The present value of a cash flow stream of $1,000 per year annually for 19 years that then grows at 3.8 percent per year forever when the discount rate is 9 percent is $29,258.47.
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if variable costs are $20,000 and sales revenue is $80,000 what is the contribution margin?
Answers
If the variable costs are $20,000 and the sales revenue is $80,000, the contribution margin is $60,000.
What is the contribution margin?
The contribution margin is a metric used in managerial accounting that shows how much money is left over after the variable costs have been subtracted from the sales revenue.
The contribution margin aids in the calculation of the net income generated by an organization. If variable costs are $20,000 and sales revenue is $80,000, the contribution margin can be calculated using the following formula:
Contribution margin = Sales revenue - Variable costs
Contribution margin = $80,000 - $20,000
Contribution margin = $60,000
Therefore, the contribution margin is $60,000.
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the two primary groups of financial resource providers for a business (conversion agent) are
Answers
The two primary groups of financial resource providers for a business (conversion agent) are equity investors and debt providers.
Equity investors are individuals or institutions that invest in a company by purchasing a portion of its ownership, known as stock or shares. They receive a share of the company's profits in the form of dividends and benefit from any increase in the value of the company's stock.
Debt providers, on the other hand, lend money to the company and receive regular interest payments and repayment of the principal amount at a later date. Examples of debt providers include banks, bondholders, and other creditors.
Both equity investors and debt providers have different expectations and preferences when it comes to the risk and return associated with their investment, which can impact the financial decisions and strategies of the company.
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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31$12,000 Notes receivable collected by bank6,000 Outstanding checks9,000 Deposits in transit4,500 Bank service charge75 NSF check1,200 Using the above information, determine the adjusted cash balance for March. a.$7,500 b.$16,725 c.$15,500 d.$12,225
Answers
Answer: $16,725
Explanation:
Given the following :
Cash balance per books for March = $12,000
Notes receivable collected by banks = $6000
Bank service charge - $75
Non-sufficient fund (NSF) check - $1200
Therefore, Adjusted cash balance for March:
(balance per books + notes receivable - bank service charge - NSF check)
$(12,000 + 6,000 - 75 - 1200)
$(18000 - 1275)
= $16,725
Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
Answers
The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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when using the specific identification inventory method, cost of goods sold equals the ______.
Answers
With the specific identification inventory method, the Cost of Goods Sold equals the exact costs of the items sold.
The specific identification inventory method tracks each sold item to record its cost. The Cost of Goods Sold includes only the actual cost of the items sold and not an average or assumed cost.
The specific identification inventory method is not like the:
FIFO (First-in, First-out) method that assumes that items sold are from the first inventories in the storeLIFO (Last-in, First-out) method that assumes that items sold are from the last inventories in the storeWeighted-average method that takes the average cost for all the items in store to determine the cost of goods sold.
Thus, the specific identification method ensures that the Cost of Goods Sold equals the actual cost of the goods.
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Please help!!!! what material would make the best light bulb filament?
Answers
The best material for a light bulb filament is tungsten. This is because tungsten has a very high melting point, which allows it to withstand the high temperatures that are necessary for a light bulb to emit light. Tungsten is also a very good conductor of electricity, which means that it can efficiently transfer the electrical energy into light energy. Other materials such as carbon or platinum have also been used in the past, but they are not as efficient or durable as tungsten.
Additionally, tungsten is readily available and affordable, making it a practical choice for light bulb manufacturers. Tungsten is the most suitable material for making light bulb filaments due to its high melting point, good conductivity, and availability. In summary, tungsten is the ideal material for a light bulb filament due to its high melting point, electrical resistance, and durability.
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Light bulbs are one of the most commonly used appliances in today's world. They help us light our homes and workplaces. We all are familiar with incandescent bulbs that use filaments to produce light. The filament is the part of the bulb that produces light when electricity is passed through it.
There are a variety of materials that can be used for making light bulb filaments. However, to make the best light bulb filament, it is essential to choose a material that has the following properties:High melting pointResistant to oxidationDurable and toughEasily moldableGood conductor of electricitySome of the materials that have these properties and can be used for making light bulb filaments are:Tungsten: Tungsten is the most commonly used material for making filaments. It has a high melting point and is resistant to oxidation. It is also a good conductor of electricity, making it ideal for use in light bulbs. Therefore, Tungsten is the best material that can be used for making light bulb filaments because it has all the properties that are required for making a good filament.
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Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Answers
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answers
Answer:
The price of the cereal would fall.
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.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
At a total cost of $5,600,000, Herrera Corporation acquired 280,000 shares of Tran Corp. common stock as a long-term investment. Herrera Corporation uses the equity method of accounting for this investment. Tran Corp. has 800,000 shares of common stock outstanding, including the shares acquired by Herrera Corporation.
Required:
A. Journalize the entries by Herrera Corporation on December 31 to record the following information (refer to the Chart of Accounts for exact wording of account titles):
1. Tran Corp. reports net income of $600,000 for the current period.
2. A cash dividend of $0.50 per common share is paid by Tran Corp. during the current period.
B. Why is the equity method appropriate for the Tran Corp. investment?
Answers
At a total cost of $5,600,000, Herrera Corporation acquired 280,000 shares of Tran Corp. common stock as a long-term investment. Herrera Corporation uses the equity method of accounting for this investment. Tran Corp. has 800,000 shares of common stock outstanding, including the shares acquired by Herrera Corporation.
Required:
A. Journalize the entries by Herrera Corporation on December 31 to record the following information (refer to the Chart of Accounts for exact wording of account titles):
1. Tran Corp. reports net income of $600,000 for the current period.
2. A cash dividend of $0.50 per common share is paid by Tran Corp. during the current period.
B. Why is the equity method appropriate for the Tran Corp. investment?
Equity is the amount of capital invested or owned by way of the owner of a corporation. The fairness is evaluated by using the distinction between liabilities and assets recorded at the stability sheet of a employer.
A stock is a trendy term used to explain the ownership certificate of any business enterprise. A percentage, then again, refers back to the inventory certificates of a selected enterprise. conserving a specific corporation's percentage makes you a shareholder. Description: shares are of two sorts—common and favored
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Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answers
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
Teller's checks and personal checks are classified as
O A. drafts
O B. obligors
C. notes
D. certificates
Answers
Answer: they are classified as D) certificates
Explanation:
X circle company purchased a computer system black box, inc. With a list price of $100,000 plus 5% sales tax. The cost to deliver and install the computer was $10,000. The debit to equipment equals.
Answers
The debit to the equipment account should equal $115,000 for X Circle Company, which recently purchased a computer system black box.
What is the recognized cost of the equipment?The costs that should be recognized for the purchase of new equipment (or asset) include all the costs that will bring the asset into use.
These costs include the purchase cost, delivery, and installation costs.
Data and Calculations:Computer system black box = $100,000
5% sales tax = $5,000 ($100,000 x 5%)
Delivery and Installation costs = $10,000
Total cost of computer = $115,000 ($100,000 + $5,000 + $10,000)
Thus, the debit to the equipment account should equal $115,000.
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