Philanthropy of the CSR stages assumes no relations to core business.
What exactly is philanthropic responsibility?A corporation's intentions, ambitions, and objectives for actively bettering society as a whole are referred to as its philanthropic responsibility. Corporate philanthropy heavily emphasizes the giving of funds from firm profits to deserving causes in the neighborhood, frequently in the form of a trust or foundation.
The way a business utilizes its privileges, rights, and general corporate responsibility in our local and global settings is known as corporate citizenship.
the Ages of Greed, Philanthropy, Marketing, Management, and Responsibility, each of which often exhibits a particular stage of CSR, specifically: Defensive, Charitable, Promotional, and Strategic
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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Examine Alexa’s skill in ordering drinks from Starbucks
Answer:
Just say, "Alexa, open Starbucks." Alexa will then tell you what your usual order is, how much it costs and for which store the order will be placed. You will then need to confirm or cancel the order. You can also say things like: "Alexa, tell Starbucks to start my usual order."
Explanation:
I hope this helps.
Jeff opted to exercise his August option on August 10 and received $2,500 in exchange for his shares. Jeff must have owned a(an):_______
a. Warrant.
b. American call.
c. American put.
d. European call
e. European put.
Answer:
c. American put.
Explanation:
American options are defined as the type of contract that allows owner to exercise his option rights on any date of his choosing. This can even be on the date of expiration of the option.
European option on the other hand only allows option rights on the day of expiration of the option contract.
American put option allows the owner sell his option at any period within the contract life.
In the given scenario Jeff decided to sell his August options on on the 10th of August (before the expiry date). In exchange he recieved cash of $2,500.
Categories of rights
Carl Cornfield purchases equipment for $450. After reducing the cash line where else would Carl put an entry for this purchase?
Cash Assets
Equipment Assets
Other Assets (includes receivables)
Liabilities - Accounts Payable
Owner's Equity
Answer:
equipment Assets
Explanation:
Malcolm Phillips is a sole trader who prepares his accounts annually to 30 April. His summarised balance sheets for the last two years are shown below.
Balance Sheets as at 31 April
20X8 20X9
££ £££ £
Fixed assets 15,500 18,500
Less Provision for depreciation ( 1,500) ( 1,700)
14,000 16,800
Current assets
Stocks 3,100 5,900
Trade debtors 3,900 3,400
Bank 1,500 –
8,500 9,300
Current liabilities
Trade creditors 2,000 2,200
Bank overdraft – 900
(2,000) (3,100)
6,500 6,200
20,500 23,000
Represented by
Capital account:
Balance at 1 May 20,000 20,500
Add Net profit for the year 7,000 8,500
Additional capital introduced – 2,000
27,000 31,000
Less Drawings ( 6,500) ( 8,000)
20,500 23,000
Malcolm is surprised to see that he now has an overdraft, in spite of making a profit and bringing
in additional capital during the year.
Questions:
(a) Draw up a suitable financial statement which will explain to Malcolm how his overdraft has
arisen.
(b) The following further information relates to the year ended 30 April 20X9.
£
Sales (all on credit) 30,000
Cost of sales 22,500
Calculate Malcolm’s
(i) gross profit margin
(ii) rate of stock turnover
a. Malcolm's gross profit margin is 25%.
b. Malcolm's rate of stock turnover is 5 times.
To calculate Malcolm's gross profit margin and rate of stock turnover:
(i) Gross Profit Margin:
Gross Profit = Sales - Cost of Sales
Gross Profit = £30,000 - £22,500 = £7,500
Gross Profit Margin = (Gross Profit / Sales) * 100
Gross Profit Margin = (£7,500 / £30,000) * 100 = 25%
Malcolm's gross profit margin is 25%.
(ii) Rate of Stock Turnover:
Stock Turnover = Cost of Sales / Average Stock
Average Stock = (Opening Stock + Closing Stock) / 2
Average Stock = (£3,100 + £5,900) / 2 = £4,500
Stock Turnover = £22,500 / £4,500 = 5 times
Malcolm's rate of stock turnover is 5 times.
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What are the different types of discrimination
Answer:
There are a lot of differnet ways here
Age Discrimination.
Disability Discrimination.
Sexual Orientation.
Status as a Parent.
Religious Discrimination.
National Origin.
Sexual Harassment.
Race, Color, and Sex.
Explanation:
Hope this Helped!!!!!!!!
Whitch of the following is required to be considered an entrepreneur?
Answer:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures
Explanation:
In Fiscal Year, 20XX Hong Hah manufacturing company producing A product, had information on Inventories Account as follows:
Direct Materials, Begging balance 78.000
Work in process, Begging balance 150.000
Finished Goods, Begging balance 186.000
Work in process, Ending balance 90.000
Direct Materials, Ending balance 144.000
Finished Goods, Ending balance 204.000
During 20XX, the manufacturing cost was incurred as bellows:
(1). Raw materials
£ 318.000
(2) Direct labour
€ 456,000
(3) Manufacturing Overhead
+ Indirect material € 14.400
+ Indirect labour € 31.200
+ Depreciation on plant and equipment € 114.000
+ Utilities £ 32.400
+ Others € 36.000
Additional Information, In 20XX, Sales revenues was € 1,320,0000 for the year. Selling and administrative expenses for the year amounted to € 138,000.
The corporate income tax rate is 30%.
Required
1. Prepare Schedule of Cost of Goods Manufactured for the year 20XX
2. Prepare Schedule of Cost of Goods Sold for the year 20XX
3. Prepare Statement of Profit or Loss for the year 20XX
Calculate the Cost of Goods Manufactured:
Direct Materials Used:
Beginning Balance of Direct Materials + Purchases - Ending Balance of Direct Materials
= £78,000 + £318,000 - £144,000
= £252,000
Total Manufacturing Costs:
Direct Materials Used + Direct Labour + Manufacturing Overhead
= £252,000 + €456,000 + €14,400 + €31,200 + €114,000 + £32,400 + €36,000
= €987,800
Total Manufacturing Costs + Beginning Work in Process Inventory
= €987,800 + €150,000
= €1,137,800
Cost of Goods Manufactured:
Total Manufacturing Costs + Beginning Work in Process Inventory - Ending Work in Process Inventory
= €1,137,800 - €90,000
= €1,047,800
Calculate the Cost of Goods Sold:
Cost of Goods Available for Sale:
Beginning Finished Goods Inventory + Cost of Goods Manufactured
= €186,000 + €1,047,800
= €1,233,800
Cost of Goods Sold:
Cost of Goods Available for Sale - Ending Finished Goods Inventory
= €1,233,800 - €204,000
= €1,029,800
Prepare the Statement of Profit or Loss:
Sales Revenue: €1,320,000
Cost of Goods Sold: €1,029,800
Gross Profit: Sales Revenue - Cost of Goods Sold
= €1,320,000 - €1,029,800
= €290,200
Selling and Administrative Expenses: €138,000
Operating Profit: Gross Profit - Selling and Administrative Expenses
= €290,200 - €138,000
= €152,200
Corporate Income Tax: 30% of Operating Profit
= 0.30 * €152,200
= €45,660
Net Profit: Operating Profit - Corporate Income Tax
= €152,200 - €45,660
= €106,540
Now, let's summarize the results in the requested formats:
1. Schedule of Cost of Goods Manufactured for the year 20XX:
Direct Materials Used £252,000
Direct Labour €456,000
Manufacturing Overhead:
Indirect Material €14,400
Indirect Labour €31,200
Add: Cost of Goods Manufactured €1,047,800
Cost of Goods Available for Sale €1,233,800
Less: Ending Finished Goods Inventory €204,000
Cost of Goods Sold €1,029,800
2. Statement of Profit or Loss.
Schedule of Cost of Goods Sold for the year 20XX:
Beginning Finished Goods: £186,000
Add: Cost of Goods Manufactured: £1,133,600
Cost of Goods Available for Sale: £1,319,600
Less: Ending Finished Goods: £204,000
Cost of Goods Sold: £1,115,600
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Which scenario holds true when a tariff is applied to an imported item? A. both domestic and foreign consumers pay the same price B. domestic consumers of the imported item pay a higher price C. foreign consumers of the imported item pay a higher price D domestic consumers of the imported itern pay a lower price
Answer:
i would say b, the domestic pay more.
Reliability is often included in service level agreements (SLAs) when an organization is outsourcing. The toughest thing is to decide how much reliability is enough. Consider the objective of availability or uptime. What is the difference between 95%, 99%, 99.99%, and 99.9999% availability?
Answer:
95% reliability = 18.25 days
99% reliability= 3.65 days
99.99% reliability= 0.0365 days
99.9999% reliability= 0.000365 days
Explanation:
1. Calculation for 95% reliability
Using this formula
95% Reliability=Worse percentage*Numbers of days
Let plug in the formula
95% Reliability=(100%-95%)*365
95% Reliability=5%*365
95% Reliability=18.25 days
2. Calculation for 99% reliability
Using this formula
99% Reliability=Worse percentage*Numbers of days
Let plug in the formula
99% Reliability=(100%-99%)*365
99% Reliability=1%*365
99% Reliability=3.65 days
3. Calculation for 99.99% reliability
Using this formula
99.99% Reliability=Worse percentage*Numbers of days
Let plug in the formula
99.99% Reliability=(100%-99.99%)*365
99.99% Reliability=0.01%*365
99.99% Reliability=0.0365 days
4. Calculation for 99.9999% reliability
Using this formula
99.9999% Reliability=Worse percentage*Numbers of days
Let plug in the formula
99.9999% Reliability=(100%-99.9999%)*365
99.9999% Reliability=0.0001%*365
99.9999% Reliability=0.000365 days
Therefore the difference between 95%, 99%, 99.99%, and 99.9999% are :
95% reliability = 18.25 days
99% reliability= 3.65 days
99.99% reliability=0.0365 days
99.9999% reliability= 0.000365 days
Q1: What are the strategically relevant components of the pizza
restaurant segment of the U.S. quick service restaurant industry
macro-environment?
The strategically relevant components of the pizza restaurant segment of the U.S. quick service restaurant industry macro-environment are as follows:
Technological advancements: In recent years, the pizza industry has seen technological advancements, including the ability to place online orders, which can result in increased customer convenience. Many pizza restaurants have mobile apps that customers can use to order food, making it easier to use their services. Online advertising has also been used by pizza restaurants to reach new customers.
Environmental factors: Pizza restaurants need to consider the effect of weather changes on sales. Extreme weather events can affect sales as people tend to avoid ordering food when they cannot go out of their homes. Pizza restaurant owners need to evaluate how they will deal with such instances.
Demographic factors: Demographics play a crucial role in the success of pizza restaurants. The pizza restaurant industry targets a broad range of customers and has a significant customer base among younger customers. In recent years, there has been an increase in health-conscious customers, leading to changes in the pizza industry, including the addition of new healthy menu items.
Socio-Cultural factors: The pizza industry has experienced increased competition from new entrants such as gourmet pizza restaurants. The preference of customers for the type of pizza and the eating experience has also changed. People prefer pizzas that are customized to their taste buds, including the type of crust and toppings.
Political/Legal factors: Pizza restaurants need to comply with government regulations such as health and safety standards, as well as taxes. The pizza industry is also affected by regulations on labor practices and food labeling requirements.
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the legal affairs attorney working at AMD would most likely occupy an
The legal affairs attorney working at AMD would most likely occupy an in-house counsel position.
What is inhouse counselAn in-house counsel is a lawyer who is employed by a company or organization to provide legal advice and representation on a range of legal issues related to the company's operations, contracts, intellectual property, compliance, and litigation.
The role of an in-house counsel is to ensure that the company's actions and policies comply with relevant laws and regulations and to represent the company in legal proceedings when necessary. The in-house counsel works closely with the company's executives and employees to provide legal guidance and to identify and mitigate potential legal risks.
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Many students take out private loans for some or all college tuition costs. If you take out a loan for $25,000, and the interest rate on that loan is 4.5% over 360 months, what would the total interest on the loan end up being? Explain how you came to this conclusion.
Answer:
1,625 interes
Explanation:
4.5% x 360 = 1,620
A renovation of the gift shop at Orlando Amway Center has six activities (in hours). For the following estimates of a,m, and b, calculate the expected time and the standard deviation for each activitiy.
Activities a m b
a 11 15 19
b 27 31 41
c 18 18 18
d 8 13 19
e 17 18 20
f 16 19 22
I have calculated the expected times to be:
A= 15
B= 32
C= 18
D= 13.2
E= 18.2
F= 19
As, the expected time is being calculated as, expected time for an activity is calculated as : (a+4 m+b) / 6
What is the deviation?The term deviation is defined as, a measurement that is used to find the difference between the observed numerical quantity and the expected value of a variable quantity.
Using the above formula, the expected time for each activity are:
Activity A = [11+(15x4)+19] / 6 = 90/6 = 15
Activity B = [27+(31x4)+41] / 6 = 192/6 = 32
Activity C = [18+(18x4)+18] / 6 = 108/6 = 18
Activity D = [8+(13x4)+19] / 6 = 79/6 = 13.2
Activity E = [17+(18x4)+20] / 6 = 109/6 = 18.2
Activity F = [16+(19x4)+22] / 6 = 114/6 = 19
Standard deviation for an activity is calculated as : (b-a)/6
Using the above formula, the standard deviation for each activity are :
Activity A = (19-11) / 6 = 8/6 = 1.3
Activity B = (41-27) / 6 = 14/6 = 2.3
Activity C = (18-18) / 6 = 0/6 = 0
Activity D = (19-8) / 6 = 11/6 = 1.8
Activity E = (20-17) / 6 = 3/6 = 0.5
Activity F = (22-16) / 6 = 6/6 = 1
Therefore, As a result, the expected time and the standard deviation for each activity are as follows.
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Economic Stimulus Act of 2008
Explanation for the reason for Economic Stimulus Act of 2008. What are the main causes of the legislation. What occurred in the economy to prompt the government to pass or enact such legislation or act?
Answer:
The Economic Stimulus Act of 2008 was a United States federal law enacted on February 13, 2008, to provide economic relief amid the Great Recession. The act provided tax rebates to individuals and tax incentives for businesses. It also increased the limits on mortgages eligible for purchase by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. The total cost of the act was projected at $152 billion for 2008.
The main causes of the legislation were:
The subprime mortgage crisis, which began in 2007, led to a decline in housing prices and a rise in foreclosures. This had a negative impact on the economy, as it led to a decrease in consumer spending and investment.The financial crisis of 2008, which began in September 2008, led to a collapse of the GSEs and a severe tightening of credit markets. This made it difficult for businesses to borrow money, which further slowed economic growth.The government enacted the Economic Stimulus Act of 2008 in an attempt to:
Boost consumer spending and investment, which would help to create jobs and stimulate economic growth.Prevent the financial crisis from worsening, which would have had a devastating impact on the economy.The act was controversial, with some economists arguing that it was not large enough to have a significant impact on the economy. However, the act did provide some relief to individuals and businesses, and it is generally credited with helping to prevent the Great Recession from becoming even worse.
You can purchase a tract of land for $75,000 that you believe you can develop and sell as a residential development. Your development costs are $60,000 to be incurred immediately. You expect to sell all the lots in years 3-5 at a net income of $70,000, $85,000, and $68,000 respectively. Your required rate of return is 12 percent. Do you purchase the tract of land? HTML EditorKeyboard Shortcuts
Answer:
The tract of land should be purchased
Explanation:
To determine if the land should be bought, compare the present value of the income that would be derived from selling the lots to the cost of the land
Total cost of the land = $75,000 + $60,000 = $135,000
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 and 2 = 0
Cash flow in year 3 = $70,000
Cash flow in year 4 = $85,000
Cash flow in year 5 = $68,000
I = 12%
Present value = $142,428.68
The tract of land should be purchased because the present value of the cash flows is greater than the cost of the land
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
. A firm has $5 billion outstanding in long-term bonds. The firm currently has sufficient cash flow to make the scheduled coupon payments but would struggle to make those payments in the future if a substantial weakening of the economy occurs. The most likely rating on these bonds is:
a. B.
b. CCC.
c. AAA.
d. BBB.
The most likely rating for these bonds would be CCC based on the information supplied. As a result, choice (B) is a correct response.
The most probable rating for these bonds, according on the information given, is CCC. According to the presented scenario, the company might have trouble making future coupon payments if the economy significantly weakens. This implies that the company's financial health and credit standing may be in jeopardy.
Bonds with a CCC rating often have a very high credit risk, meaning there is a high chance they will fail or have payments fall behind schedule. This grade is in line with the described circumstances and expresses worries about the firm's capacity to pay its debts in the future.
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And when I company decides it will start running a production shift on weekends which stakeholder will be most directly impacted
The stakeholder that will be impacted most when a company runs weekend shifts is the employees.
Various stakeholders of a businessIn simple terms, stakeholders are individuals who have a direct or indirect impact on a business.
Stakeholders can be direct or indirect, primary or secondary, Internal or external.
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2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
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which of the following subject lines would be best for this email
goshford company produces a single prodcuy and has capacity to produce 105000 units per month. csots to produce its current sales of 84,000 units follow
The combined total net income of Goshford company will be $2,840,000.
Sales((80,000×$100) + (20,000× $75.00)) 9,500,000
Direct materials ($ 12.50 × 80,000) (1,000,000)
Direct labor ($15.00 × 80,000) (1,200,000)
Variable manufacturing overhead (10.00 × 80,000) (800,000)
Shipping Cost ($5.00 × 20,000 units) (100,000)
Variable selling and administrative expenses
(14.00 × 80,000) (1,120,000)
Fixed manufacturing overhead (1,400,000)
Fixed selling and administrative expenses (1,040,000)
Total net income 2,840,000
Net income (NI), also known as net earnings, is calculated by deducting sales from cost of goods sold, selling, general and administration costs, operating expenses, depreciation, interest, taxes, and other expenses. This number can be used by investors to calculate how much a company's revenue exceeds its expenses. The sum of an employee's paycheck that is left over after payroll deductions such as taxes, benefits, and other expenses is referred to as their gross pay. The amount that is left over after all withholdings have been taken into account is referred to as net pay or take-home pay.
Note that the full question is:
Goshford Company produces a single product and has capacity to produce 100,000 units per month. Costs to produce its current sales of 80,000 units follow. The regular selling price of the product is $100 per unit. Management is approached by a new customer who wants to purchase 20,000 units of the product for $75.00 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is not in the company’s regular selling territory, so there will be a $5.00 per unit shipping expense in addition to the regular variable selling and administrative expenses.Per Unit Costs at 80,000 Units
Direct materials $ 12.50 $ 1,000,000
Direct labor 15.00 1,200,000
Variable manufacturing overhead 10.00 800,000
Fixed manufacturing overhead 17.50 1,400,000
Variable selling and administrative expenses 14.00 1,120,000
Fixed selling and administrative expenses 13.00 1,040,000
Totals $ 82.00 $ 6,560,000
Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $75.00 per unit.
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Skysong Company began operations in 2025 and determined its ending inventory at cost and at LCNRV at December 31, 2025, and December 31, 2026. This information is presented below.
Cost Net Realized Value
12/31/25 $318,270 $296,260
12/31/26 440,430 422,800
(a) Prepare the journal entries required at December 31, 2025, and December 31, 2026, assuming inventory is recorded at LCNRV and a perpetual inventory system using the cost-of-goods-sold method.
(b) Prepare journal entries required at December 31, 2025, and December 31, 2026, assuming inventory is recorded at LCNRV and a perpetual system using the loss method.
The appropriate journal entries required at December 31, 2025, and December 31, 2026 is; Debit Cost of goods sold $22,010, Credit Allowance to reduce inventory to NRV $22,010 ; Debit Allowance to reduce inventory to NRV $4,380, Credit Cost of goods sold $4,380.
How to prepare the journal entry?Skysong Company Journal entries
a) December 31, 2025
Debit Cost of goods sold $22,010
Credit Allowance to reduce inventory to NRV $22,010
( $318,270 - $296,260 )
December 31, 2026
Debit Allowance to reduce inventory to NRV $4,380
Credit Cost of goods sold $4,380
[( $318,270 - $296,260 ) - ($440,430 - $422,800)]
b) December 31, 2025
Debit Loss due to decline inventory to NRV $29,000
Credit Allowance to reduce inventory to NRV $29,000
( $318,270 - $296,260 )
December 31, 2025
Debit Allowance to reduce inventory to NRV $4,000
Credit Recovery of Inventory loss $4,000
[( $318,270 - $296,260 ) - ($440,430 - $422,800)]
Therefore the entry at dec 31 2025 is to Debit Cost of goods sold with amount of $22,010 and to Credit Allowance to reduce inventory to NRV with the amount of $22,010.
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How can events in a process costing system affect financial statements? Provide examples.
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Land originally purchased for $27,500 is sold for $74,987 in cash what is the effect of the sale on the accounting equation
The effect of the sale on the accounting equation is an increase in assets by $47,487 and an equal increase in equity.
In the given scenario, when land originally purchased for $27,500 is sold for $74,987 in cash, the effect on the accounting equation can be described as follows:
Assets: The land is an asset, and its original value of $27,500 is removed from the asset side of the equation. Additionally, the cash received from the sale, which is $74,987, is added to the asset side. Therefore, the net effect on assets is an increase of $74,987 - $27,500 = $47,487.
Liabilities: The sale of land does not directly impact the liabilities side of the equation. Liabilities represent the debts and obligations of the company, such as loans or accounts payable. Unless there are specific liabilities related to the land, they would remain unchanged in this transaction.
Equity: Equity represents the owner's interest in the company and is calculated as assets minus liabilities. Since the transaction does not impact liabilities, the effect on equity is equal to the effect on assets. Therefore, the equity increases by $47,487.
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How does earning an A in an honors course benefit your GPA?
a
Honors course grades are weighted and keep your GPA from decreasing.
b
Honors course grades are weighted, increasing the points factored into your GPA.
c
Honors course grades are unweighted and keep your GPA from decreasing.
d
Honors course grades are unweighted, increasing the points factored into your GPA.
Answer:
i think its A
Explanation:
An agribusiness firm may undertake three alternatives:Alternative 1: buy cane sugar and manufac-ture various sugars and sweets, making a profit of $10 million;Alternative 2: buy wheat and produce bread, rolls, and pastries, making a profit of $15 mil-lion; orAlternative 3: buy corn and produce Tex-Mex foods, making a profit of $12 million.a. Which alternative should this agribusi-ness firm undertake? Why?b. The opportunity cost associated with these three choices is $ million.
Answer:
The answer is 3) buy corn and produce Tex-Mex foods, making a profit of $12 million :)
Explanation:
Because it has the highest profit.
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1 - Describe two justifications for the need for professional financial planning advice
2- Summarize the main fees a mutual fund investor will pa
3 - Your client is asking how much life insurance she needs. She expects to earn $120,000 per year on average, working for the next 30 years.
a. Suppose an appropriate earnings multiple is 18. How much life insurance should she purchase? (2 points)
b. Using a discount rate of 4%, what is her insurance need using the human value approach? (3 points)
Answer:
Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Explanation: