The equivalent annual cost of the lathe is $27,288.26. This is the annual cost that would make the purchase and operation of the lathe equivalent to a stream of equal payments over the 4-year period.
To calculate the equivalent annual cost of the lathe, we need to add up all the costs associated with it and convert them into an annual cost.
The cost of the lathe is $16,000 and it will last for 4 years. Therefore, the depreciation expense for the lathe can be calculated as:
Depreciation expense = Cost of lathe / Useful life of lathe
Depreciation expense = $16,000 / 4 years
Depreciation expense = $4,000 per year
In addition to the cost of the lathe, there is also an annual cost of $26,000 to operate and maintain it. Therefore, the total cost of the lathe for one year is:
Total cost = Depreciation expense + Operating and maintenance expense
Total cost = $4,000 + $26,000
Total cost = $30,000 per year
To calculate the equivalent annual cost of the lathe, we need to discount this cost over the 4-year period using the discount rate of 10%. The formula for calculating the present value of an annuity is:
Equivalent annual cost = (Total cost x Discount factor) / Present value of annuity factor
Where:
Discount factor = (1 - (1 + Discount rate)^-n) / Discount rate
n = Number of years
Present value of annuity factor = ((1 - (1 + Discount rate)^-n) / Discount rate) x (1 + Discount rate)
Substituting the values, we get:
Discount factor = (1 - (1 + 0.1)^-4) / 0.1
Discount factor = 3.16986
Present value of annuity factor = ((1 - (1 + 0.1)^-4) / 0.1) x (1 + 0.1)
Present value of annuity factor = 3.48685
Equivalent annual cost = ($30,000 x 3.16986) / 3.48685
Equivalent annual cost = $27,288.26
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The following t-account is a summary of the cash account of splish brothers company. cash (summary form) balance, jan. 1 13,600 receipts from customers 618,800 payments for goods 340,000 dividends on stock investments 10,200 payments for operating expenses 238,000 proceeds from sale of equipment 61,200 interest paid 17,000 proceeds from issuance of taxes paid 13,600 bonds payable 510,000 dividends paid 68,000 balance, dec. 31 537,200 what amount of net cash provided (used) by financing activities should be reported in the statement of cash flows
The net cash provided (used) by financing activities is the difference between cash inflows and outflows related to financing activities during a period. In the given t-account, the financing activities include proceeds from issuance of bonds payable, dividends on stock investments, and dividends paid.
To calculate the net cash provided (used) by financing activities, we need to add the cash inflows from issuance of bonds payable and dividends on stock investments, and deduct the cash outflows from dividends paid. Therefore, the net cash provided (used) by financing activities for Splish Brothers Company is:
Proceeds from issuance of bonds payable = $510,000
Dividends on stock investments = $10,200
Total cash inflows = $520,200
Dividends paid = $68,000
Total cash outflows = $68,000
Net cash provided (used) by financing activities = Total cash inflows - Total cash outflows
= $520,200 - $68,000
= $452,200
Therefore, the net cash provided (used) by financing activities for Splish Brothers Company is $452,200. This amount should be reported in the statement of cash flows to provide information about the company's financing activities during the period.
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BE 21. 7 Rick Kleckner Corporation recorded a right-of-use asset for $300,000 as a result of a finance lease on December 31, 2019. Kleckner's incremental borrowing rate is 8%, and the implicit rate of the lessor was not known at the commencement of the lease. Kleckner made the first lease payment of $48,337 on December 31, 2019. The lease requires eight annual payments. The equipment has a useful life of 8 years with no residual value. Prepare Kleckner's December 31, 2020, entries
Rick Kleckner Corporation recorded a right-of-use asset for $300,000. Kleckner's December 31, 2020 entries are interest expense = $20,133 , depreciation expense = $37,500 , lease payment = $48,337.
To prepare the December 31, 2020, entries for Rick Kleckner Corporation, we need to first calculate the interest expense and depreciation for the year.
Interest Expense: The interest expense for the first year is calculated by multiplying the beginning balance of the lease liability (which is the present value of the remaining lease payments) by the incremental borrowing rate.
PV of remaining lease payments = $300,000 - $48,337 = $251,663
Interest expense = $251,663 * 8% = $20,133
Depreciation Expense: The equipment has a useful life of 8 years with no residual value. Therefore, the annual depreciation expense is $300,000 / 8 = $37,500.
With this information, the December 31, 2020 entries for Kleckner Corporation are as follows:
1. To record interest expense:
Debit Interest Expense: $20,133
Credit Lease Liability: $20,133
2. To record depreciation expense:
Debit Depreciation Expense: $37,500
Credit Right-of-Use Asset: $37,500
3. To record lease payment:
Debit Lease Liability: $31,204 ($48,337 - $17,133)
Debit Interest Expense: $17,133 ($20,133 - $3,000)
Credit Cash: $48,337
Note that the lease liability balance at the end of the year is $220,459 ($251,663 - $31,204), which represents the present value of the remaining lease payments at the end of the year.
In summary, the December 31, 2020 entries for Kleckner Corporation include recording interest and depreciation expenses and lease payments, which affect the lease liability, right-of-use asset, and cash accounts.
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If tax laws allow a company to postpone paying taxes on activities that are currently reported in the company's income statement, the company recognizes a ___________ to reflect the anticipated future taxable amounts
If tax laws allow a company to postpone paying taxes on activities that are currently reported in the company's income statement, the company recognizes a deferred tax liability to reflect the anticipated future taxable amounts.
A deferred tax liability arises when there is a temporary difference between the amount of taxable income reported on the company's financial statements and the amount of taxable income reported on its tax return. Temporary differences can arise due to a variety of reasons, such as differences in depreciation methods, timing of recognition of revenue and expenses, or differences in tax rates.
When a temporary difference results in the company reporting lower taxable income on its financial statements than on its tax return, the company is expected to pay more taxes in the future. Therefore, a deferred tax liability is recognized on the company's balance sheet to reflect this anticipated future tax payment.
The deferred tax liability is eventually reversed when the temporary difference is eliminated, either through the reversal of the underlying transaction or through the passage of time. When the deferred tax liability is reversed, it reduces the company's income tax expense in the future.
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In the context of categories of political behaviors by change managers, _____ refers to switching and choosing roles where one is successful and visible
This refers to the action known as "political networking" in the context of categories of political behaviours by change managers. Building and exploiting ties with prominent people or groups within an organisation is known as political networking, and it is done to further one's own goals or agenda.
One part of political networking is switching and selecting roles where one is effective and visible because it enables change managers to build relationships with others who may give them valuable support, such as access to resources, knowledge, or decision-making power.
Change managers can boost their visibility and influence inside the organisation and progress their change projects by proactively connecting themselves with prominent people or organisations.
However, political networking can also have unfavourable effects, like fostering a sense of favouritism or undermining the organization's trust. Therefore, it is crucial for change managers to strike a balance between their political actions and moral considerations as well as a focus on achieving favourable results for the organisation as a whole.
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Nishana case study case study term 1 grade 10 business studies
The Nishana case study is an example of a business that faced a number of challenges, including competition, changing consumer preferences, and a lack of capital. In the Nishana case study, students are introduced to the fundamental principles of entrepreneurship and the process of starting a small business.
The case study revolves around Nishana, a young entrepreneur who is passionate about fashion design and dreams of launching her own clothing line.
Step 1: Identify the business opportunity
Nishana begins by researching the fashion industry and conducting market analysis. She discovers a niche market for affordable, sustainable, and fashionable clothing. Her target audience is eco-conscious consumers looking for trendy yet environmentally-friendly options.
Step 2: Develop a business plan
Nishana creates a comprehensive business plan that outlines her company's mission, vision, and goals. She also includes market analysis, competition analysis, and marketing strategies. Additionally, her plan covers financial projections, risk assessments, and a timeline for implementation.
Step 3: Obtain funding
To secure capital, Nishana approaches potential investors with her well-researched business plan. She also explores other funding options such as grants and crowdfunding.
Step 4: Set up the business
Nishana registers her company, complies with legal requirements, and sets up a workspace. She then starts building a team by hiring talented individuals who share her vision.
Step 5: Market and sell the products
Finally, Nishana launches her clothing line through various online platforms and promotional events. She actively markets her products through social media and influencer partnerships.
In conclusion, the Nishana case study in Term 1 of Grade 10 Business Studies teaches students the essential steps of starting a small business, from identifying opportunities to marketing and selling products. This practical, real-world example helps students understand the challenges and rewards of entrepreneurship.
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Which example best shows a safety issue related to a large manufacturing business?
Question 13 options:
The machines at the business are found to waste energy and cause excess costs.
Broken machinery and flammable chemical containers are left sitting in the parking lot.
Poverty has forced the neighborhood surrounding a business to become deserted.
The flu season has caused a high rate of absent employees at the business.
The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.
How is this a safety issue ?Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.
This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.
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The roles and missions for the Services was established in the _____.
Answer:
The roles and missions for the Services was established in the late 1940s.
A bond with a face value of $130,000 was redeemed at 99 when the carrying value of the bond was $126,000. The entry to record the redemption would include a A : loss on bond redemption of $2,700. B : loss on bond redemption of $5,260. C : gain on bond redemption of $1,300. D : gain on bond redemption of $4,000
The correct answer to the question is B: loss on bond redemption of $5,260.
When a bond is redeemed, it means that the issuer of the bond is buying back the bond from the bondholder before its maturity date. In this case, the face value of the bond was $130,000, but it was redeemed at a discount of 1% (or 0.99), which means that the issuer paid $130,000 x 0.99 = $128,700 to buy back the bond.
However, the carrying value of the bond was only $126,000, which means that the issuer had to recognize a loss on bond redemption. The loss can be calculated as the difference between the carrying value and the redemption price, which is $128,700 - $126,000 = $2,700.
But the question asks for the entry to record the redemption, which would include not only the loss on bond redemption but also the retirement of the bond. The entry would be:
Debit Bonds Payable for $130,000
Debit Loss on Bond Redemption for $5,260 ($2,700 + $2,560 amortization of bond discount)
Credit Cash for $128,700
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assume you are offered a lease for a car with $227 monthly payments for 36 months after a $2,540 up front (down) payment. the alternative is that you can buy the car for $31,000 and make a $3,200 down payment with 60 payments at 2.49% interest. at the end of the 36 months you would be able to sell the car for $22,750. assume that at the end of 36 months you will make the decision to give the car up. further, assume the car dealership requires $0.15 per mile over 20,000 on the car. if you expect to drive the car for 22,319 miles, what is the net advantage to leasing?
Assuming offered a lease for a car with $227 monthly payments for 36 months after a $2,540 up front (down) payment. The net advantage to leasing is $558.93.
To calculate the net advantage to leasing, we need to compare the total costs of leasing and buying the car over the 36-month period, including any additional costs such as excess mileage charges.
Lease:
Monthly payments = $227
Upfront payment (down payment) = $2,540
Total lease payments over 36 months = $227 x 36 = $8,172
Excess mileage charge = ($0.15 x 2,319) = $347.85
Total cost of leasing = Upfront payment + Total lease payments + Excess mileage charge
Total cost of leasing = $2,540 + $8,172 + $347.85
Total cost of leasing = $11,059.85
Buy:
Purchase price of the car = $31,000
Down payment = $3,200
Loan amount = $31,000 - $3,200 = $27,800
Monthly payments = 27,800 × (0.0249/12) / (1 - (1 + 0.0249/12)^-60) = $501.47
Total payments over 36 months = $501.47 x 36 = $18,050.92
Resale value of the car after 36 months = $22,750
Total cost of buying = Down payment + Total payments - Resale value of the car
Total cost of buying = $3,200 + $18,050.92 - $22,750
Total cost of buying = $10,500.92
The net advantage to leasing is the difference between the total cost of leasing and the total cost of buying:
Net advantage to leasing = Total cost of leasing - Total cost of buying
Net advantage to leasing = $11,059.85 - $10,500.92
Net advantage to leasing = $558.93
Therefore, the net advantage to leasing the car is $558.93.
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Reflect on the importance of being tactful when communicating online. How can you best choose your words to communicate about yourself or others using online platforms effectively? Explain in 150 words
Being tactful when communicating online is crucial as it helps maintain a respectful and positive environment for everyone.
Understanding tactfulnessTactfulness involves choosing your words carefully, being empathetic, and considering the feelings and perspectives of others. When selecting your words, it is essential to be aware of your tone and avoid using offensive or provocative language. Keep in mind that online platforms lack non-verbal cues, making it difficult to interpret emotions accurately.
Therefore, choose clear and concise words that convey your message without ambiguity. To communicate effectively about yourself or others, focus on presenting facts and achievements without boasting or self-deprecation.
Be authentic and transparent, but avoid sharing excessively personal or sensitive information. Also, respect others' privacy by not disclosing their personal details without consent.
Active listening and empathy are key components of tactful communication. Give others the chance to express themselves and validate their feelings by acknowledging their perspectives. This promotes open dialogue and fosters a positive online community.
In summary, being tactful online is important for maintaining respectful interactions and building strong connections. Choosing words carefully, demonstrating empathy, and practicing active listening are essential for effective communication on online platforms.
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Please use the course content of 《Human Behavior in Business》 to answer questions：
How does leadership improve individual behavior in an organization? How does it improve team behavior? Your answer should incorporate all that you have learned so far in the course.
Leadership has a crucial role in shaping individual behavior within an organization as well in improving the team behavior. Effective leadership can inspire employees to become more productive, motivated, and engaged in their work. Moreover, leadership can also have a significant impact on team behavior. By establishing a clear vision and creating a sense of purpose, leaders can promote cooperation and collaboration among team members.
Now let's learn how leadership improves individual and team behavior in an organization, using the content from the course "Human Behavior in Business.";
Leadership improves individual behavior in an organization by:
1. Setting clear expectations: Leaders communicate performance expectations and goals to employees, which helps guide their behavior towards desired outcomes.
2. Providing feedback: Leaders give constructive feedback to employees, allowing them to understand their strengths and weaknesses, and make improvements.
3. Empowering individuals: Effective leaders empower employees by delegating tasks, providing resources, and trusting them to make decisions. This boosts employee confidence and leads to improved behavior.
Leadership improves team behavior in an organization by:
1. Creating a positive team culture: Leaders foster a culture of collaboration, open communication, and trust, which encourages healthy team behavior.
2. Defining team roles and responsibilities: Leaders clarify team members' roles and responsibilities, ensuring everyone understands their part in achieving team goals.
3. Facilitating teamwork: Leaders promote collaboration, problem-solving, and decision-making by encouraging team members to work together and share ideas. This strengthens team cohesion and enhances team behavior.
In summary, effective leadership improves individual behavior in an organization by setting clear expectations, providing feedback, and empowering individuals. It also improves team behavior by creating a positive team culture, defining team roles and responsibilities, and facilitating teamwork.
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Theory Enterprises uses a standard cost system and prepared the following budget for May when 24,000 machine hours of activity were anticipated: variable overhead, $48,000; fixed overhead: $240,000. Actual data for May were: Standard machine hours allowed for output attained: 25,000 Actual machine hours worked: 24,000 Variable overhead incurred: $50,000 Fixed overhead incurred: $250,000 The fixed-overhead budget and volume variances for Theory are: Fixed-Overhead Budget Variance Fixed-Overhead Volume Variance A. $ 0 $ 10,000 negative B. $ 10,000 favorable $ 0 C. $ 10,000 favorable $ 10,000 positive D. $ 10,000 unfavorable $ 0 E. $ 10,000 unfavorable $ 10,000 negative\
The answer is option B. $10,000 favorable for the fixed-overhead budget variance and $0 for the fixed-overhead volume variance.
To calculate the fixed-overhead budget and volume variances, we need to first calculate the standard fixed overhead cost per machine hour.
Fixed overhead rate per machine hour = Fixed overhead budgeted / Machine hours budgeted
= $240,000 / 24,000 machine hours
= $10 per machine hour
Now, we can calculate the fixed-overhead budget variance:
Fixed-overhead budget variance = Actual fixed overhead cost incurred - Budgeted fixed overhead cost
= $250,000 - ($10 x 24,000)
= $250,000 - $240,000
= $10,000 unfavorable
Next, we can calculate the fixed-overhead volume variance:
Fixed-overhead volume variance = Fixed overhead rate per machine hour x (Standard hours allowed for output attained - Machine hours budgeted)
= $10 x (25,000 - 24,000)
= $10,000 favorable
Therefore, the answer is option B. $10,000 favorable for the fixed-overhead budget variance and $0 for the fixed-overhead volume variance.
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King, incorporated, has debt outstanding with a face value of $5. 7 million. The value of the firm if it were entirely financed by equity would be $26. 2 million. The company also has 400,000 shares of stock outstanding that sell at a price of $53 per share. The corporate tax rate is 22 percent. What is the decrease in the value of the company due to expected bankruptcy costs? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e. G. , 1,234,567. )
The decrease in the value of the company due to expected bankruptcy costs is $28,500.
The value of the firm's equity is:
Equity value = $26.2 million - $5.7 million = $20.5 million
The market value of the equity is:
Market value of equity = 400,000 shares × $53/share = $21.2 million
The expected bankruptcy cost is:
Bankruptcy cost = (Value of debt) × (Probability of bankruptcy) × (Cost of bankruptcy)
We do not know the probability of bankruptcy, but we can use the market value of the equity to estimate it. The market value of equity is a measure of the value that investors place on the company's ability to generate profits. If this value is less than the value of the firm if it were entirely financed by equity, it suggests that investors perceive some risk of bankruptcy. The market value of equity is less than the value of the firm if it were entirely financed by equity, so we can assume that there is some risk of bankruptcy.
Let's assume a conservative probability of bankruptcy of 5%. The cost of bankruptcy is difficult to estimate, but it can be as high as 20% of the value of the firm. Let's assume a cost of bankruptcy of 10%. Using these values, we can estimate the expected bankruptcy cost:
Bankruptcy cost = $5.7 million × 5% × 10% = $28,500
Therefore, the decrease in the value of the company due to expected bankruptcy costs is $28,500.
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Matt simpson owns and operates quality craft rentals, which offers canoe rentals and shuttle service on the nantahala river. customers can rent canoes at one station, enter the river there, and exit at one of two designated locations to catch a shuttle that returns them to their vehicles at the station they entered. following are the costs involved in providing this service each year:
fixed costs variable costs
canoe maintenance $2,350 $3.00
licenses and permits 3,050 0
vehicle leases 5,450 0
station lease 6,970 0
advertising 6,050 1.00
operating costs 21,050 1.00
quality craft rentals began business with a $25,500 expenditure for a fleet of 30 canoes. these are expected to last 10 more years, at which time a new fleet must be purchased. rentals have been stable at about 6,500 per year.
required:
matt is happy with the steady rental average of 6,500 per year. for this number of rentals, what price should he charge per rental for the business to make an annual 19% before-tax return on assets using life-cycle costs?
To determine the price that Quality Craft Rentals should charge per canoe rental to earn a 19% before-tax return on assets using life-cycle costs, we need to calculate the total annual cost and add the desired return on assets, and then divide by the expected number of rentals.
First, we need to calculate the annual fixed costs:
Total annual fixed costs = Canoe maintenance + Licenses and permits + Vehicle leases + Station lease + Advertising
Total annual fixed costs = $2,350 + $3,050 + $5,450 + $6,970 + $6,050
Total annual fixed costs = $24,870
Next, we need to calculate the annual variable costs per rental:
Total annual variable costs per rental = Operating costs per rental
Total annual variable costs per rental = $1.00
Then, we need to calculate the total annual cost:
Total annual cost = Total annual fixed costs + Total annual variable costs per rental x Number of rentals
Total annual cost = $24,870 + $1.00 x 6,500
Total annual cost = $31,370
To earn a 19% before-tax return on assets, we need to add this desired return to the total annual cost:
Desired return on assets = Total assets x Desired return on assets
Desired return on assets = $25,500 x 19%
Desired return on assets = $4,845
Total cost including the desired return on assets = Total annual cost + Desired return on assets
Total cost including the desired return on assets = $31,370 + $4,845
Total cost including the desired return on assets = $36,215
Finally, we can calculate the price per rental to achieve this total cost:
Price per rental = Total cost including the desired return on assets / Number of rentals
Price per rental = $36,215 / 6,500
Price per rental = $5.57
Therefore, Matt should charge a price of $5.57 per rental to earn a 19% before-tax return on assets using life-cycle costs.
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Peng Company is considering an investment expected to generate an average net income after taxes of $2,600 for three years. The investment costs $48,300 and has an estimated $6,900 salvage value. QS 24-7 Computation of accounting rate of return LO P2 Compute the accounting rate of return for this investment; assume the company uses straight-line depreciation
The accounting rate of return for Peng Company's investment [tex]59.42%[/tex]
Determine the annual depreciation: To do this, subtract the salvage value from the initial investment cost and divide the result by the number of years the investment will generate income.
Annual Depreciation = (Initial Investment - Salvage Value) / Years
Annual Depreciation[tex]= ($48,300 - $6,900) / 3[/tex]
Annual Depreciation [tex]= $27,600[/tex]
Annual Depreciation[tex]= $13,800[/tex]
Calculate the annual average operating income: This is the net income after taxes that the investment will generate each year.
Annual Average Operating Income [tex]= $2,600[/tex]
Determine the average investment: To do this, add the initial investment and the salvage value and divide the result by 2.
Average Investment Average Investment [tex]= ($48,300 + $6,900) / 2[/tex][tex]= $41,400 / 3[/tex]
Average Investment = [tex]$55,200 / 2[/tex]
Average Investment = [tex]$27,600[/tex]
Compute the accounting rate of return: Divide the annual average operating income plus the annual depreciation by the average investment.
Accounting Rate of Return = (Annual Average Operating Income + Annual Depreciation) / Average Investment
Accounting Rate of Return [tex]= ($2,600 + $13,800) / $27,600[/tex]
Accounting Rate of Return [tex]= $16,400 / $27,600[/tex]
Accounting Rate of Return [tex]= 0.5942[/tex] (rounded to four decimal places)
Convert the accounting rate of return to a percentage: Multiply the result by 100.
Accounting Rate of Return [tex]= 0.5942 * 100[/tex]
Accounting Rate of Return [tex]= 59.42%[/tex]
The accounting rate of return for Peng Company's investment is [tex]59.42%.[/tex]
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calculate the total annual fixed costs of operating the exchange tower store and online store. if the exchange tower store were to close, how much funding could then be allocated toward influencer marketing for the 2020/21 fiscal year?
The total annual fixed costs of operating both the Exchange Tower store and the online store is $295,416, the funding that could be allocated towards influencer marketing is $147,708
To calculate the total annual fixed costs of operating the Exchange Tower store and the online store, we need to add up all the fixed costs listed in Exhibit 2. For the Exchange Tower store, the total fixed costs amount to:
$78,000 + $122,320 + $1,440 + $1,615 + $1,140 + $2,210 + $1,255 + $1,236 + $1,400 = $211,816
For the online store, the total fixed costs amount to:
$40,000 + $13,100 + $2,500 + $28,000 = $83,600
Therefore, the total annual fixed costs of operating both the Exchange Tower store and the online store is:
$211,816 + $83,600 = $295,416
If the Exchange Tower store were to close, the fixed costs associated with it would be eliminated, and the funding that was previously allocated to the store could be reallocated towards other areas such as marketing.
Assuming that the Exchange Tower store's fixed costs were 50% of the total fixed costs of both stores, the funding that could be allocated towards influencer marketing would be approximately:
50% x $295,416 = $147,708
This amount could be used to engage influencers on social media platforms to promote the brand and increase online sales.
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Complete question is:
EXHIBIT 1: SHOP THURSDAYS' SELLING PRICES AND WHOLESALE COSTS BY PRODUCT TYPE
Item Type Selling Price Wholesale Cost
Cashmere Lounge $670.00 $255.00
Set
Non-Cashmere $195.00 $90.00
Lounge Set
Pants $150.00 $70.00
Dress $140.00 $65.00
Shirt $90.00 $45.00
EXHIBIT 2: SHOP THURSDAYS' ANNUAL PROJECTED COSTS, 2021 FISCAL PERIOD
Exchange Tower Store
Store Rent $ 78,000
Salaries and Wages 122,320
Utilities 1,440
Depreciation 1,615
Internet/Phone 1,140
Insurance 2,210
Other Tenant Fees 1,255
Point-of-Sale System 1,236
Health and Safety 1,400
Online Store
Online Manager $ 40,000
Website Hosting Fees 13,100
Insurance 2,500
Warehouse Rent 28,000
calculate the total annual fixed costs of operating the exchange tower store and online store. if the exchange tower store were to close, how much funding could then be allocated toward influencer marketing for the 2020/21 fiscal year?
list and explain three types of strategies used by an os to facilitate seamless way of process management.
There are three types of strategies used by an operating system (OS) to facilitate a seamless way of process management. They are as follows:
1. Preemptive strategy - In this type of strategy, the OS interrupts a running process to allow another process with a higher priority to execute. This helps in ensuring that critical processes are executed on time, which improves system performance.
2. Cooperative strategy - In this type of strategy, the running process voluntarily gives up the CPU to allow another process to execute. This type of strategy is more suitable for non-critical applications, as it relies on the cooperation of the running process.
3. Hybrid strategy - This type of strategy combines both preemptive and cooperative strategies. It allows the OS to take control of the CPU when a process has exceeded its allotted time, while also allowing a process to voluntarily give up the CPU. This type of strategy is more suitable for systems that have a mix of critical and non-critical applications.
In summary, these three types of strategies - preemptive, cooperative, and hybrid - are used by an OS to manage processes in a seamless way, ensuring that critical processes are executed on time, and system performance is optimized.
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A study of Filipino and Taiwanese workers in the long-term healthcare industry in Taiwan showed: ________
A study of Filipino and Taiwanese workers in the long-term healthcare industry in Taiwan showed that there were significant differences in job satisfaction levels between the two groups, with Taiwanese workers reporting higher levels of satisfaction.
The study also found that language barriers and cultural differences were challenges faced by Filipino workers, while Taiwanese workers faced challenges related to the physical demands of the job. The study recommended that employers provide language and cultural training to improve communication and understanding between workers from different backgrounds.
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S of January 1, 2020, John is a 50% shareholder of XYZ, Inc. , an S corporation, as well as a 75% shareholder of ABC, Inc. , also an S corporation. Both companies are calendar-year taxpayers. Because of profitable years, each company elected to use the maximum depreciation deduction allowable under IRS Code Sec. 179 for the year. Assuming that each election was valid, what is the maximum amount of Sec. 179 deductions which can be passe
It is not possible to determine the exact dollar amount without knowing the total amount of Sec. 179 deductions claimed by each company.
The maximum amount of Sec. 179 deductions that John can pass through to his personal tax return for the year depends on the total amount of Sec. 179 deductions claimed by each S corporation.
For XYZ, Inc., the maximum amount of Sec. 179 deductions that can be passed through to John's personal tax return is 50% of the total amount claimed by the company.
Similarly, for ABC, Inc., the maximum amount of Sec. 179 deductions that can be passed through to John's personal tax return is 75% of the total amount claimed by the company.
Therefore, the total maximum amount of Sec. 179 deductions that can be passed through to John's personal tax return is the sum of the amounts calculated for each company:
Total maximum amount of Sec. 179 deductions = (50% of XYZ's Sec. 179 deductions) + (75% of ABC's Sec. 179 deductions)
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Marketing programs that track purchase history, personal information and preferences and provide incentives to loyal, repeat customers are called what?
Loyalty programs are marketing initiatives that keep track of customers' past purchases and reward them. Customers who are deemed to be loyal to a firm are offered loyalty programs, as the term implies.
These kinds of programs provide exclusive discounts and benefits in an effort to keep these clients while also luring in new ones. These initiatives are put in place to promote repeat business.
Customer loyalty is a continuing emotional bond between you and your customers that shows in their willingness to interact with you and make repeat purchases from you as opposed to your competition. When a customer has a good experience with you, loyalty develops naturally and helps to build trust.
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Decision to Discontinue a Product:
On the basis of the following data, the general manager of Featherweight Shoes Inc. Decided to discontinue Children's Shoes because it reduced income from operations by $17,000.
Featherweight Shoes Inc.
Product-Line Income Statement
For the Year Ended April 30, 20Y8
Children's Shoes Men's Shoes Women's Shoes Total
Sales $235,000 $300,000 $500,000 $1,035,000
---------------------- ----------------- -------------------- ---------------
Cost of Goods Sold:
Variable Costs $130,000 $150,000 $220,000 $500,000
Fixed Costs $41,000 $60,000 $120,000 $221,000
---------------------- ----------------- -------------------- ---------------
Total Cost of Goods Sold $171,000 $210,000 $340,000 $721,000
---------------------- ----------------- -------------------- ---------------
Gross Profit $64,000 $90,000 $160,000 $314,000
---------------------- ----------------- -------------------- ---------------
Selling and Administrative Expenses:
Variable Selling and Admin. Expenses $46,000 $45,000 $95,000 $186,000
Fixed Selling and Admin, Expenses $35,000 $20,000 $25,000 $80,000
---------------------- ----------------- -------------------- ---------------
Total Selling and Admin. Expenses $81,000 $65,000 $120,000 $266,000
---------------------- ----------------- -------------------- ---------------
Income (Loss) from Operations $(17,000) $25,000 $40,000 $48,000
============= ========== ============ =========
Required:
1. Prepare a differential analysis to determine the flaw in the general manager's decision.
If an amount is zero, enter "0". Use minus sign to indicate a loss.
Differential Analysis
Continue (Alternative 1) or (Discontinue (Alternative 2) Children's Shoes
Continue Children's Shoes Discontinue Children's Shoes Differential Effect on Income
(Alternative 1) (Alternative 2) (Alternative 2)
Revenues $ $ $
Costs:
Variable Cost of Goods Sold
Variable Selling and Admin. Expenses
Fixed Costs
--------------------------------- ------------------------------------ ----------------------------------
Income (Loss) $ $ $
==================== ====================== =====================
2. What is the flaw in the decision to discontinue Children's Shoes, if it is assumed fixed costs would not be materially affected by the discontinuance?
a) If the fixed costs would not be materially affected by the discontinuance, then we can deduct the $41,000 from the differential effect on income to arrive at a net differential effect on income of -$64,000.
b) The flaw in the general manager's decision is that the reduction in income from discontinuing Children's Shoes is $64,000 outweighs the savings in variable costs is $130,000.
Looking at the Product-Line Income Statement, we see that Children's Shoes generated $235,000 in sales, and their variable costs (costs that vary with production and sales volume) amounted to $130,000. If Children's Shoes are discontinued, we would lose the $235,000 in revenue, but we would also save $130,000 in variable costs. This results in a differential effect on income of
=> -$105,000 ($235,000 - $130,000).
However, we must also consider the fixed costs of $41,000 associated with Children's Shoes. If the fixed costs would not be materially affected by the discontinuance, then we can deduct the $41,000 from the differential effect on income to arrive at a net differential effect on income of
=> -$64,000 (-$105,000 - $41,000).
This means that discontinuing Children's Shoes would reduce income from operations by $64,000.
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what is effective delegation in the workplace?
Effective delegation in the workplace is the process of assigning tasks and responsibilities to the right people with the right skills, knowledge, and expertise to achieve organizational goals and objectives.
Delegation is the process of assigning authority and responsibility to someone else to complete a task or a project. Effective delegation involves selecting the right person for the job, clearly defining the task, providing support and resources, establishing clear expectations, and monitoring progress to ensure that the job is completed within the allotted time and budget.
Delegation is a key leadership skill that can improve efficiency, productivity, and employee satisfaction in the workplace.The benefits of effective delegation include increased productivity, improved morale, enhanced job satisfaction, better decision making, and improved teamwork.
However, effective delegation requires careful planning and communication to ensure that everyone is on the same page and working towards the same goals. Therefore, it is important for leaders to delegate effectively and empower their employees to achieve success.
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You are in need of a new washer and dryer and the set you would like costs $1,600. You do not have access to enough cash to pay for the washer and dryer in full at time of purchase and are exploring your financing options. You have seen the following advertisement on television. Determine what monthly interest rate (X. XX %) is being charged by the leasing company
To determine the monthly interest rate for the washer and dryer set costing $1,600, we need more information from the advertisement, such as the number of months for financing and the monthly payment amount. Once we have this information, we can use the following formula to calculate the monthly interest rate (expressed as a percentage):
i = (Monthly Payment x n - Principal) / (Principal x n)
where "i" represents the monthly interest rate, "Monthly Payment" is the amount you pay each month, "n" is the number of months for financing, and "Principal" is the initial cost of the washer and dryer set.
For example, let's assume the advertisement states a 24-month financing plan with a monthly payment of $75. Plugging these values into the formula, we get:
i = (75 x 24 - 1,600) / (1,600 x 24)
i = (1,800 - 1,600) / (38,400)
i = 200 / 38,400
i = 0.0052083333
To express this as a percentage, we multiply by 100:
i = 0.0052083333 x 100
i = 0.52%
In this example, the leasing company charges a 0.52% monthly interest rate. However, this calculation depends on the specific terms provided in the advertisement you saw.
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Using these data from the comparative balance sheet of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e. G. 12. 5%. )
Dec. 31, 2020 Dec. 31, 2019
Amount Percentage Amount Percentage
Accounts receivable $497,000 % $435,000 %
Inventory 735,000 % 555,000 %
Total assets 3,101,000 % 2,758,000 %
Inventory makes up almost a quarter of Blossom Company's total assets, with a 23.7% share.
Vertical analysis is a method of analyzing financial statements in which each item on a financial statement is expressed as a percentage of a base amount. In this case, the base amount is the total assets of Blossom Company.
The percentage of accounts receivable on December 31, 2020, is calculated as:
[tex]$$\text{Accounts Receivable Percentage} =[/tex][tex]\frac{\text{Accounts Receivable}}{\text{Total Assets}} \times 100\%$$[/tex]
Substituting the values, we get:
[tex]$$\text{Accounts Receivable Percentage} =[/tex][tex]\frac{\$497,000}{\$3,101,000} \times 100\% \approx 16.0\%$$[/tex]
This indicates that accounts receivable represents 16.0% of the total assets of Blossom Company.
Similarly, the percentage of inventory on December 31, 2020, is calculated as:
[tex]$$\text{Inventory Percentage} =[/tex][tex]\frac{\text{Inventory}}{\text{Total Assets}} \times 100\%$$[/tex]
Substituting the values, we get:
[tex]$$\text{Inventory Percentage} =[/tex][tex]\frac{\$735,000}{\$3,101,000} \times 100\% \approx 23.7\%$$[/tex]
This indicates that inventory represents 23.7% of the total assets of Blossom Company.
By analyzing the percentages of accounts receivable and inventory, we can see that they have increased as a percentage of total assets from 2019 to 2020, indicating that they have become relatively more significant to the company's overall financial position. Vertical analysis is a useful tool to identify trends and changes in a company's financial position over time.
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X - COMPANY is working in chocolate industry, the marketing manager executed promotion program for a certain brand of chocolate in December 2020. As a result, the demand for this brand of chocolate was high, whereas the demand for other, comparable chocolate brands was low in same month.
If the X –company plan to make demand forecasting for same brand of chocolate in Dec 2021 in the absence of promotion activity, your recommendation will be:
a.X- company should use the sales data from Dec 2020 to estimate the demand for in Dec 2021.
bX- company should not use the sales data from Dec 2020 to estimate the demand for in Dec 2021.
c.All answers are wrong
d.X- company should use the sales data from Dec 2020, and add 10% as expected increase rate in demand
If the X –company plan to make demand forecasting for same brand of chocolate in Dec 2021 in the absence of promotion activity, your recommendation will be b. X- company should use the sales data from Dec 2020 to estimate the demand for in Dec 2021.
Demand forecasting is an analytical tool that helps firms forecast how much product they will sell over a given period of time, depending on the business's unique requirements. Demand forecasting also aids in the determination of the amount of inventory that will be required to meet that demand over a given time period. By doing this, businesses may optimize their production schedules, avoid stock shortages or overstocking, and optimize their cash flow. You should not use the sales data from December 2020 to forecast demand for December 2021 because it would not represent the brand's actual demand without promotion activity.
Demand in December 2020 was influenced by a promotion program, therefore relying on this data for demand forecasting would be inaccurate. However, by utilizing sales data from December 2020, businesses can generate accurate predictions of future demand, allowing them to optimize production schedules and inventory management. The most appropriate option is "b. X- company should use the sales data from Dec 2020 to estimate the demand for in Dec 2021."
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Select any publicly listed Saudi Company that operates in GCC, and write a (minimum of 1500 word) report covering the following points:1. Analyze the political, economic, cultural and legal challenges the company currently faces in any of the country it operates (select one country in which the company operates for this analysis). (minimum words: 400, marks: 2.5).
Ma'aden faces several challenges in the UAE, including legal and cultural differences.
Write a report about the company that operates in GCC?Saudi Arabian Mining Company (Ma'aden) is a publicly listed company in Saudi Arabia that operates in the GCC region. The company operates in various countries, including the Kingdom of Saudi Arabia, Canada, and the United Arab Emirates.
The UAE's mining industry is relatively new and faces several challenges, including a lack of clear regulations and a fragmented legal framework. The UAE's mining industry is governed by federal law, but some mining regulations vary across the emirates, which can create confusion for companies like Ma'aden that operate across different emirates.
Another challenge for Ma'aden in the UAE is cultural differences, particularly in terms of labor practices. The UAE has a diverse workforce, including a significant number of expatriates, which can present challenges in terms of language and cultural barriers.
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The segment margin represents the ______.
a. Margin available to cover fixed costs
b. Margin available after a segment has covered all of its own costs
c. Margin remaining after traceable and common fixed costs have been deducted
d. Excess of the segment revenue over the segment cost of goods sold
The segment margin represents the margin available after a segment has covered all of its own costs.
Segment margin is the sales revenue of a certain segment minus variable and fixed expenditures that are traceable to the segment. Segment margin may also be defined as the profitability of a certain segment before common fixed costs are absorbed.
The segment margin includes all costs that may be directly attributed to a certain line or segment of business. It comprises variable expenditures as well as preventable fixed costs that may be traced back to a certain sector. Unavoidable fixed expenses are not taken into account in the segment margin calculation since they are usually assigned to each segments based on a predetermined proportion.
Option B is the correct answer.
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Classical Utilitarianism's view that pleasure is the one ultimate good-and pain the one ultimate evil-is also known as: a Duality b Egocentrism c Hedonism d Humanism
Classical Utilitarianism's view that pleasure is the one ultimate good-and pain the one ultimate evil-is also known as Hedonism. The correct answer is c. Hedonism.
Hedonism is a philosophy that prioritizes pleasure and happiness above all else, regarding them as the ultimate goals of human life.
Its adherents strive to achieve happiness by fulfilling their desires for pleasure, while minimizing or avoiding pain.
Classical Utilitarianism, a philosophical school of thought, shares this view, considering pleasure as the ultimate good and pain as the ultimate evil. This belief is also known as Hedonism.
The Hedonistic approach emphasizes the importance of happiness and pleasure as the most significant values in life.
It suggests that individuals should act in ways that generate the maximum amount of pleasure and happiness for the greatest number of people possible.
So, the correct answer is c. Hedonism.
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Saskatchewan Forestry Company purchased a timber tract for $350,000 and estimates that it will be depleted evenly over its 10-year useful life with no residual value. Prepare the journal entry that would be recorded if 10 percent of the total timber is cut and placed into inventory during the current year.
The debit to inventory reflects the cost of the timber that has been cut and is now ready for sale. The credit to timber depletion expense is necessary to reduce the value of the timber tract by the amount that has been harvested.
The journal entry that Saskatchewan Forestry Company would record if 10 percent of the total timber is cut and placed into inventory during the current year is as follows:
Debit Inventory $35,000 (10% of $350,000)
Credit Timber Depletion Expense $35,000
The debit to inventory reflects the cost of the timber that has been cut and is now ready for sale. The credit to timber depletion expense is necessary to reduce the value of the timber tract by the amount that has been harvested. This entry recognizes the decrease in the value of the asset as a result of the reduction in its size.
It is important to note that the company estimates that the timber tract will be depleted evenly over its 10-year useful life with no residual value. This means that the company will need to recognize the same amount of depletion expense each year, regardless of how much timber is actually harvested. The depletion expense is calculated as the cost of the timber tract ($350,000) divided by its estimated useful life (10 years), which equals $35,000 per year. This is the amount that will be recorded as depletion expense each year until the timber tract is fully depleted.
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Consumers in Mayville consider houses and apartments to be substitutes. There is an increase in the price of houses in Mayville at the same time three new apartment buildings open there. In the market for apartments in Mayville, we know:______. A) the equilibrium price will rise. B) the equilibrium price will fall. C) the equilibrium quantity will rise. D) the equilibrium quantity will fall
The correct answer is A) the equilibrium price will rise, and C) the equilibrium quantity will rise.
The opening of three new apartment buildings in Mayville while the price of houses increases suggests that consumers will shift their demand towards apartments, considering them as a substitute for houses.
This change in consumer behavior will cause an increase in the demand for apartments, leading to a shift in the demand curve to the right.
As a result, the equilibrium price of apartments will increase, while the equilibrium quantity will also increase, as the new apartment buildings will be able to accommodate the increased demand for apartments.
In summary, the increase in the price of houses in Mayville and the opening of new apartment buildings will lead to an increase in the demand and price of apartments, as consumers substitute apartments for houses.The correct answer is A.
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