When a bank collects deposits during the day, then deposits them all after banking hours, it is using a reserve processing system. The given statement is false.
In the world of finance, money kept at a financial institution is referred to as a deposit. When money is transferred to someone else to keep safe, the transaction is known as a deposit. A deposit is a sum of money used as security or collateral for the transportation of an awesome.
A deposit includes various, distinct meanings. One type of deposit entails the transfer of funds to another party for safekeeping. According to this definition, a deposit is the money that an investor deposits into a savings or checking account kept at a bank or credit union.
Most banks accept deposits of cash, checks, cash orders, or cashier's checks within the building.
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how does a persons work experience affect their pay wage?
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
HELP
Which of the following is not true of how you should give directions to a visitor or guest?
You should create a mental picture of the entire route in your mind and picture yourself walking or driving it along with the guest.
You should give a travel time estimate for the whole trip from start to finish instead of from landmark to landmark, since that gets confusing.
You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way.
You should ask the customer to repeat the directions back to you so you can make sure they have understood them properly.
Answer:
The statement "You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way." is not true. It is usually best to give the quickest route to the destination, as long as it is not too complicated or confusing. It is important to provide clear and concise directions to help the guest arrive at their destination efficiently and without getting lost. However, if the quickest route is very complicated or difficult to follow, it may be more helpful to provide a simpler route that is easier for the guest to understand and follow. Asking the guest to repeat the directions back to you can also be a helpful way to ensure that they have understood the directions properly.
Explanation:
Explain why it might be difficult for a new,
small firm to get distribution in a supermarket
chain such as Sainsbury's.
Answer:
The Threat of New Entrants exerts a significant influence on the ability of current companies to generate a profit Gross Profit Gross profit is the direct profit left over after deducting the cost of goods sold, or cost of sales, from sales revenue. It's used to calculate the gross profit margin
Explanation:
A project is expected to generate annual revenues of $117,700, with variable costs of $74,800, and fixed costs of $15,300. The annual depreciation is $3,850 and the tax rate is 35 percent. What is the annual operating cash flow?
a) $31,450
b) $27,600
c) $44,248
d) $59,548
e) $19,288
The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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2
Type the correct answer in the box. Spell all words correctly.
Why are we forced to make choices in day-to-day life?
resources.
We are forced to make choices in day-to-day life because Recourses
Answer:
help us stay alive and live
Explanation:
Bernie just started a business and is trying to raise capital. He has both accredited and non-accredited investors investing in the company. Which of the following is true?
Bernie’s investors may not invest more than $1 million per year.
Bernie’s investors may not invest more than $50 million per year.
Bernie’s company may use only accredited or non-accredited investors, but not both.
Bernie’s investors may invest money in the amounts allowed by their status as an accredited or non-accredited investor.
The fourth option is the correct answer for this question.
An accredited investor is a person or a company that is authorized to trade securities even though they are not officially registered with the financial authorities. Investors that don't meet the net worth or income requirements outlined by the Securities and Exchange Commission (SEC) are referred to as non-accredited investors.
As from the definition mentioned above, there are some set of rules that signify an investor to be accredited or non-accredited. In the given question, the first two options directly talk about the investment level of those investors and this solely cannot be a point to establish a person to be accredited or non-accredited. So the first two options are nullified.
As for the second option there is no such rule that only one type of investors can invest in Bernie’s company. Therefore, this option also gets exempted.
The last fourth option talks about both the aspects of the investors being accredited or non-accredited and also this will make sure as to how much money they can invest. Therefore, option 4 is the correct answer for this question.
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Paying off your debts will most likely____ your credit score.
A. decrease
B. increase
C. ruin
D. not impact
Answer:
increase
Explanation:
[The following information applies to the questions displayed below.]
On January 1, 2024, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 9%, the bonds will issue at $293,938.
2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.
(Interest Expense does not equal 12800)
To record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024, we need to consider the issuance of the bonds and the accrual of interest expense.
1. Bond Issue on January 1, 2024:
Date Account Debit Credit
--------------------------------------------------------
January 1, 2024 Cash $293,938
Bonds Payable $320,000
To record the issuance of $320,000 face value bonds at a discounted price of $293,938.
2. Semiannual Interest Payment on June 30, 2024:
Date Account Debit Credit
--------------------------------------------------------
June 30, 2024 Interest Expense $14,400
Cash $14,400
To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from January 1, 2024, to June 30, 2024.
3. Semiannual Interest Payment on December 31, 2024:
Date Account Debit Credit
--------------------------------------------------------
December 31, 2024 Interest Expense $14,400
Cash $14,400
To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from July 1, 2024, to December 31, 2024.
Please note that the interest expense amount mentioned in the question might be incorrect. Based on the information provided, the interest expense should be $12,800 for each semiannual interest payment, resulting in a total of $25,600 for the year 2024.
Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $9,100 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $5,500 and $9,400 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $3,800 at the end of each of the next 4 years. Each project has a WACC of 9%. What is the equivalent annual annuity of the most profitable project? Do not round intermediate calculations.
Based on the cash flows of the two projects, the equivalent annual annuity of the most profitable project is $1,866.83.
Which project is more profitable?The project that is more profitable is the project with the higher Net Present Value.
The Net Present value can be found by adding the present values of the cashflows for a project.
Project X NPV is:
= -9,100 + 5,500 / 1.11 + 8,200 / 1.11²
= $2,510.26
The NPV for Project Y is:
= -9,100 + Present value of $4,800 over 4 years at 11%
= $5,791.74
The more profitable project is therefore Project Y.
The equivalent annual annuity of the most profitable project is:
= 5,791.74 / 4 years
= $1,866.83
In conclusion, the equivalent annual annuity of the most profitable project is $1,866.83
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The Money Order Transaction log must be completed for all money
order transactions.
True
False
The statement that the Money Order Transaction log must be completed for all money order transactions is FALSE.
When should the Money Order Transaction log be completed?The regulations of the United States Treasury Department states that the Money Order Transaction log should be filled for money order transactions that are either valued at $3,000 or above.
This means that money orders that are less than $3,000 need not be filled in the Money Order Transaction log.
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the necessity of marketing and advertising for any business
Answer:
Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it
Explanation:
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90, 000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is 5,000 programs, and the cost to print each program is $2. Refer to the standard normal table for z-values.
What is the cost of underestimating demand for each program? C_s = $ (round your response to two decimal places).
What is the average cost per program? C_o = $ (round your response to two decimal places).
How many programs should be ordered per game? programs should be ordered per game (round your response to the nearest whole number).
What is the stockout risk for this order size? Stockout risk = (round your response to four decimal places).
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will __________ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
2. record a deferred tax liability
3. have a permanent difference
4. report no difference between financial income and taxable income for 2020.
Answer:
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
Explanation:
For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset. This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting. Deferred tax asset arises from the overpayment or advance payment of taxes. The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.
1. What is FFC's first objective?
FFC is a Pakistan-based fertilizer company that was founded in 1978. FFC is Pakistan's largest producer of urea and diammonium phosphate (DAP).
FFC's first objective is to meet the demands of Pakistani farmers for high-quality fertilizers and other agrochemicals. The company aims to achieve this by constantly updating and improving its fertilizer formulas to meet the changing needs of farmers.FFC is committed to meeting the demands of Pakistani farmers by providing high-quality fertilizers and other agrochemicals.
The company has a state-of-the-art research and development facility where it is constantly working to improve its fertilizer formulas to meet the changing needs of farmers.FFC recognizes that farmers need to produce high-quality crops in order to remain competitive in the global marketplace. The company is committed to working with farmers to help them achieve this goal by providing them with the best possible fertilizers and other agrochemicals.
FFC also recognizes that farmers need access to training and education in order to maximize the potential of their crops. The company works closely with local universities and agricultural institutions to provide farmers with the knowledge and skills they need to succeed.
Overall, FFC's first objective is to help Pakistani farmers achieve their full potential by providing them with high-quality fertilizers and other agrochemicals, as well as the training and education they need to succeed. The company is committed to constantly improving its products and services to meet the changing needs of farmers, and to working closely with farmers to help them achieve their goals.
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What is the purpose of every item in the SHARKS mnemonic?
The purpose of every item in the SHARKS mnemonic is:
S – state the agenda before you start your meeting;
H – hijackers will be at your meeting, so watch out;
A - adding relevant information is the key to a good meeting;
R – repeat the agenda at the end of the meeting;
K - keep the meeting small and short;
S - scheduling should be outside the meeting.
What is the significance of a mnemonic?A mnemonic can be referred to or considered as a tool of the English language wherein the initial letters of a concept are used to easily memorize the concept effectively.
In the given condition above, the mnemonic of SHARK is used as an effective memory tool for memorizing the purpose behind each initial in a meeting of intelligence department.
Therefore, the significance regarding mnemonic is aforementioned.
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You have now become more versed in the different types of approach the government has at its disposal to combat market inefficiencies.
You're going to be placed in the shoes of a government employee that has been tasked to propose a policy for a specific problem.
You will need:
To theoretically backup your policy (explain why the problem fits the specific theory you want to use)
To explain in laymen terms (simple) how it will work and why it will work
Is the policy you propose enforceable (and realistically doable - in your opinion)
You do not need to go over board - I am not expecting calculation but you can use numbers if that helps.
Situation:
The city of HRM is finding that too many (disposable) mask (used to protect against covid) are finding their way in landfills and on the street.
Help remedy the problem. (the waste is a problem to which your called to address - but do not neglects citizen safety)
2 page max - double space
In summary, the proposed policy seeks to address the problem of disposable masks in HRM through a combination of economic and regulatory measures. The policy is based on the concept of Extended Producer Responsibility and aims to incentivize manufacturers to produce more sustainable masks while mandating their participation in a take-back program to ensure the proper treatment and disposal of the masks. The proposed policy is enforceable and provides a clear framework for manufacturers to follow, encouraging them to take responsibility for the environmental impact of their products.
What is government employee policy?Generally, Proposal to Address the Problem of Disposable Masks in HRM
Introduction:
The COVID-19 pandemic has increased the demand for disposable masks for public health purposes. However, this has led to a growing concern about the impact of the disposal of these masks on the environment, particularly with their presence in landfills and on the streets. This proposal seeks to address this problem by implementing a policy that uses a combination of economic and regulatory measures.
Theoretical Backup:
The theoretical framework behind this proposal is based on the concept of Extended Producer Responsibility (EPR). EPR is a policy approach that holds manufacturers responsible for the environmental impact of their products throughout the entire lifecycle. By making the manufacturers responsible, it incentivizes them to reduce waste and improve the recyclability of their products. This approach has been used successfully in many countries to address waste management issues.
Explanation of Policy:
The proposed policy involves the implementation of a two-pronged approach. The first approach is to encourage manufacturers to produce more sustainable masks by offering tax incentives or subsidies for environmentally-friendly materials and recycling efforts. The second approach is to mandate manufacturers to participate in a take-back program, which would ensure that the masks are collected, properly treated, and disposed of in an environmentally sustainable way.
The first approach incentivizes manufacturers to take responsibility for the environmental impact of their products by rewarding them for producing more sustainable masks. These incentives could include reduced taxes or subsidies, which would encourage manufacturers to invest in more environmentally friendly materials and recycling processes. This would help to reduce the amount of waste generated by disposable masks and encourage the development of more sustainable products.
The second approach would mandate manufacturers to participate in a take-back program for their disposable masks. This program would ensure that masks are collected, treated, and disposed of in an environmentally sustainable manner. The program would be regulated by the government and enforced by imposing penalties on manufacturers that do not comply with the program. This would encourage manufacturers to take responsibility for the environmental impact of their products and promote a sustainable waste management system.
Enforceability:
The proposed policy is enforceable, as it can be monitored and regulated by the government. The incentives and penalties would provide a clear framework for manufacturers to follow and provide a mechanism for enforcement. The implementation of the take-back program would require the participation of the government and private waste management companies. The program could be enforced by issuing fines and penalties for non-compliance, which would encourage manufacturers to participate.
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LA Company has a beginning cash balance of $6,000, cash receipts of $12,000, cash payments of $7,200 and an outstanding loan balance of $1,500. Their preliminary cash balance is $
Based on the information given their preliminary cash balance is $9,300.
Preliminary cash balanceUsing this formula
Preliminary cash balance= Beginning cash balance + cash receipts- cash payment -outstanding loan balance
Let plug in the formula
Preliminary cash balance=$6,000+$12,000-$7,200-$1,500
Preliminary cash balance=$9,300
Inconclusion their preliminary cash balance is $9,300.
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Answer:
10800
Explanation:
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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How do population affect the government critically
Answer:
Rapid population growth strains political institutions and increases pressure on services.
Explanation:
Write about a business management theory that you identify with, incorporating real-life examples in your answer.
- Word length requirement is between 200 and 500 words
A business theory that I identify with is the concept of transformational leadership. This approach emphasizes the import of leaders inspiring and motivating their teams to achieve common goals, as against just giving orders and directives.
What real life event is depicted with this theory?Transformational Leadership can be seen in the success of Apple Inc. under the leadership of Steve Jobs and the turnaround of Ford Motor Company under Alan Mulally.
In both examples, the leaders were able to create a shared vision for the organization and inspire their teams to work towards that vision.
Overall, the concept of Transformational Leadership is a powerful one that can assist firms or organizations to achieve extraordinary successes. By inspiring and motivating their teams, leaders can create a shared vision for the organization and taming everyone's efforts towards achieving that vision. This can lead to increased engagement, high productivity, and greatest of all, success.
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Bahir Dar Textile Factory, has reported the following information for the year ended S Business income during 2014 tax year is; Sales revenue---... Expenses during 2014 tax year is Br. 1,750,000 Direct material cost............ Br. 550,000 Salary expense..... .Br. 450,000 Administrative expense....... Br. 235,000 Maintenance expense....... Br. 50,000 Interest expense.... Br. 43,300 Advertisement expense.... . Br. 25,500 Depreciation expense........... Br. 20,000 Determine taxable income, tax liability and net profit of Bahir Dar Textile Factory Under the Ethiopian tax proclamation code; write the type/list of products that shall be when either produced locally or imported and the rate which they are taxed. What is stamp duty tax? What type of instruments shall be chargeable with stamp duty? What is tax liability? How the taxpayer can determine their tax liability? ....
a) The taxable income is Br. 376,200, the tax liability, assuming a flat rate of 30%, is Br. 112,860, and the net profit is Br. 263,340.
b) Stamp duty tax is a levy imposed by the government to record certain transactions.
c) Tax liability refers to the amount due as tax for the taxable period.
d) The tax liability is derived by applying the appropriate tax rates on the taxable income.
How the taxable income is determined:The taxable income refers to the income after deducting some allowances, including business expenses, from the gross income.
The taxable income forms the basis for determining the tax liability and the net income.
Bahir Dar Textile Factory
Income StatementFor the year ended December 31, 2014
Sales Revenue Br. 1,750,000
Direct material cost Br. 550,000
Gross profit Br. 1,200,000
Expenses:
Salary expense Br. 450,000
Administrative expense Br. 235,000
Maintenance expense Br. 50,000
Interest expense Br. 43,300
Advertisement expense Br. 25,500
Depreciation expense Br. 20,000
Total expenses Br. 823,800
Taxable income Br. 376,200
Tax liability (30%) Br. 112,860
Net profit Br. 263,340
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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The fiscal year-end unadjusted trial balance for Garcia Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Garcia Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow.
1. Store supplies still available at the fiscal year-end amount to $2,150.
2. Expired insurance, an administrative expense, for the fiscal year is $1,560.
3. Depreciation expense on store equipment, a selling expense, is $6,700 for the fiscal year.
4. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,150 of inventory is still available at fiscal year-end.
Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2017. (Round your answers to 2 decimal places.)
The following unadjusted trial balance is prepared at fiscal year-end for Garcia Company:
Cash $1,000
Merchandise Inventory 12,500
Store supplies 5,800
Prepaid Insurance 2,400
Store equipment 42,900
Accumulated depreciation - Store equipment $15,250
Accounts payable 10,000
Common Stock 5,000
Retained Earnings 27,000
Dividends 2,200
Sales 111,950
Sales discounts 2,000
Sales returns and allowances 2,200
Cost of goods sold 38,400
Depreciation express - Store equipment 0
Salaries expense 35,000
Insurance expense 0
Rent expense 15,000
Store supplies expense 0
Advertising expense 9,800
Totals $169,200 169,200
Answer:
Garcia Company
Computation of:
a) Current Ratio = Current Assets/Current Liabilities = $14,140/$10,000 = 1.4
b) Acid- Test Ratio = (Current Assets - Inventory - Prepaid Insurance - Stores Supplies )/Current Liabilities = ($14,140 - 10,150 - 2,150 - 840)/$10,000 = 0.1
Here, we disregarded Inventory, Prepaid Insurance, and Stores Supplies from the current assets because they are difficult to recover in order to settle short-term debts. So, only the Cash Balance was used for the calculation.
c) Gross Margin Ratio = Gross Profit/Net Sales x 100 = $69,350/$107,750 x 100 = 64.4%.
Explanation:
Adjusting Items:
a. Store Supplies:
Per Trial Balance $5,800
less year-end balance $2,150
Store Supplies Expense $3,650
b. Prepaid Insurance:
Per Trial Balance $2,400
less expired $1,560
Insurance Expense $840 (Admin Expense)
c. Accumulated Depreciation:
Per Trial Balance $15,250
Depreciation Expense $6,700
Accumulated depreciation at year-end $21,950
d. Ending Inventory $10,150
e. Adjusted Trial Balance:
Cash $1,000
Merchandise Inventory 12,500
Store supplies 2,150
Prepaid Insurance 840
Store equipment 42,900
Accumulated depreciation - Store equipment $21,950
Accounts payable 10,000
Common Stock 5,000
Retained Earnings 27,000
Dividends 2,200
Sales 111,950
Sales discounts 2,000
Sales returns and allowances 2,200
Cost of goods sold 38,400
Depreciation expense - Store equipment 6,700
Salaries expense 35,000
Insurance expense 1,560
Rent expense 15,000
Store supplies expense 3,650
Advertising expense 9,800
Totals $175,900 175,900
f. Income Statement
Sales $111,950
Sales discounts (2,000)
Sales returns and allowances (2,200)
Net Sales $107,750
Cost of Goods Sold 38,400
Gross Profit $69,350
Selling Expenses:
Depreciation $6,700
Salaries expense 17,500
Rent expense 7,500
Store supplies expense 3,650
Advertising expense 9,800 (45,150)
Administrative Expenses:
Insurance $1,560
Salaries expense 17,500
Rent expense 7,500 (26,500)
Net Loss ($2,360)
Inventory Shrinkage ($2,350)
Retained Earnings b/f 27,000
Dividends (2,200)
Retained Earnings c/f $20,090
g) Balance Sheet
Assets:
Cash $1,000
Merchandise Inventory 10,150
Store supplies 2,150
Prepaid Insurance 840 $14,140
Store equipment 42,900
Accumulated depreciation (21,950 ) $20,950
Total Assets $35,090
Liabilities + Equity:
Accounts payable $10,000
Common Stock 5,000
Retained Earnings 20,090
Total Liabilities + Equity $35,090
h) Current Ratio: According to investopedia.com, "The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year," showing investors and analysts how a company can maximize its current assets to meet its current debt and other payables.
i) Acid-test or quick ratio is the financial ratio that compares a company's most short-term assets to its most short-term liabilities to see if a company has enough cash to pay its immediate liabilities, such as short-term debts, disregarding difficult-to-liquidate current assets such as inventory.
j) The gross margin ratio represents a percentage of the gross profit over the net sales, multiplied by 100. This ratio is also known as the gross profit margin or the gross profit percentage, or simply the gross margin.
Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your
neighbor (N) can consume without trade. Suppose you are initially consuming 6 bananas and 6 coconuts and your
neighbor is initially consuming 3 bananas and 9 coconuts.
Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative
advantage.
You give your neighbor half of your production for half of what he produces. (Enter all responses as integers.)
If you trade with your neighbor, then you will have 8 additional coconut(s) after the trade and 10 additional banana(s)
additional banana(s) and will be
as a result of
the same time, your neighbor will be able to consume
trade.
If you trade with your neighbor, then you will have 6 additional coconuts after the trade and 9 additional bananas and will be better off as a result of trade. At the same time, your neighbor will be able to consume 3 additional coconuts and 12 additional bananas after trade.
What is the production possibility frontier?The Production Possibility Frontier (PPF) is an economic curve that illustrates the combinations of production that can be attained when nations or firms specialize in producing goods in areas where they enjoy more comparative advantages than others.
Data and Calculations:Consumption without trade:
Coconuts Bananas
You 6 6
Neighbor 9 3
Total consumed 15 9
Production with specialization:
Coconuts Bananas
You 24 0
Neighbor 0 30
Total Production 24 30
Additional units with specialization:
Coconuts Bananas
Production with trade 24 30
Trade Exchange 12 15
Balance after trade 12 15
Your Consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 6 6
Additional units 6 9
Neighbor's consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 9 3
Additional units 3 12
Thus, with the PPF, we can conclude that you and your neighbor enjoy the consumption of more coconuts and bananas when you engage in trade than without trade.
See attached for complete question and diagram.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
I need help on creating my resume. I’m a high schooler currently in the 11th grade. I haven’t won any awards here at my high school, but I have won awards in the past like in middle school and elementary school. Can I include some of them on to my resume? Please help!!
Awards that I have won are mvp (middle school) leadership (elementary)
To create an effective resume, you must explain your educational and professional experiences. If you are still a student looking for your first professional opportunity, a good way to attract the attention of recruiters is to include your awards won in the educational environment on your resume.
How to create a good resume?Some tips can be important for you to create an attractive resume. It's always good to align your experiences with the area you want to compete in, that is, include courses, extra curricular experiences and awards that have to do with the field of work that interests you. Other important tips are:
Keep your CV objective and conciseReview your personal dataHighlight your personal achievementsBe honest about the information providedInclude your volunteer workTherefore, for a student to create an effective curriculum, the inclusion of awards and achievements from student life will attract the attention of the recruiter by showing interest, dedication and perspectives of the candidate, being a great opportunity to win a job.
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Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $8.5 per pound. If 2,100 units used 18,100 pounds, which were purchased at $8.93 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance
Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
= \((8.5-8.93)\times 18100\)
= \(-0.43\times 18100\)
= \(-7783\) (Favorable)
(b)
The quantity variance will be:
= \((2100\times 9-18100)\times 8.5\)
= \((18900-18100)\times 8.5\)
= \(800\times 8.5\)
= \(6800\) (Unfavorable)
(c)
The cost variance will be:
= \((2100\times 9\times 8.5)-(18100\times 8.93)\)
= \((160650)-(161633)\)
= \(-983\) (Favorable)
Fill in the blank with the correct response.
____ are STEM professionals who collect, analyze, and interpret data.
Answer:
to bad this isn't multiple choice
Explanation:
but it would only make sense if it were scientists. sorry if I'm wrong
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.
From the collected data, the statistician makes use of statistical concepts to sift through large data sets, develop data interpretation and deduce relevant information from the data and present meaningful conclusion to the relevant bodies in fields such as education, manufacturing, marketing, government and healthcare.Biologists research, collect data and measurements, perform tests and experiments, and analyze and interpret their findings. These science professionals are required to have a bachelor's degree in biology for an entry-level position.