Answer:
Product cost information is essential for managers to identify cost improvement opportunities in a business. This information provides managers with an understanding of the costs associated with producing a product, which can help them to make informed decisions regarding the pricing, production, and profitability of the product.
By analyzing the product cost information, managers can identify areas where costs can be reduced, such as by optimizing the production process, reducing material waste, improving supplier relationships, or implementing new technology. They can also identify products that are not generating enough profit and may need to be discontinued or redesigned.
Product cost information can be used to create cost models that provide a detailed breakdown of the costs associated with producing a product. These models can be used to perform cost-benefit analyses and evaluate the impact of changes to the production process or product design.
In addition, product cost information can be used to support strategic decision-making. For example, it can be used to evaluate the cost-effectiveness of outsourcing production, expanding into new markets, or developing new products.
Overall, product cost information is a critical tool for managers to identify cost improvement opportunities and make informed decisions that can help to increase efficiency, reduce costs, and improve profitability.
The list price for a vacuum cleaner is $299.99 . Determine the net cost after a 15/10 / 10 series discount $ 206.54 $417.44 $299.64 $ 100.20
According to the question, the net cost after a 15/10/10 series discount is $206.54.
What is net cost?Net cost is a financial measurement that takes into account all costs associated with a purchase or sale, less any income received from the transaction. It is calculated by subtracting the proceeds from the total costs incurred. Net cost is used to determine the total amount of money that a business must pay or receive in order to complete a transaction. It is used to help businesses make decisions about pricing, cost control, and investments.
The series discount is calculated by subtracting the first discount (15%) from the list price of $299.99, resulting in a new price of $254.99. Then the second discount (10%) is subtracted from the new price of $254.99, resulting in a new price of $229.49. Finally, the third discount (10%) is subtracted from the new price of $229.49, resulting in a net cost of $206.54.
To learn more about net cost
https://brainly.com/question/31483258
#SPJ1
Nieto's Donut Shop is one of many firms in the industry. Nieto's donuts are similar, but not identical to Nieto's competitors. There are very low barriers to entry and Nieto's is currently earning economic losses.
In order to compete more effectively in the industry, Nieto's should employ several strategy.
What is strategy ?Strategy is a plan of action designed to achieve a long-term or overall aim. It involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the end goal will be achieved by outlining the steps that will be taken to reach it. It involves making decisions about the direction of a business, the resources needed to achieve objectives, and the methods used to monitor progress and evaluate results. Strategy is essential for any organization, as it helps to define the direction in which the business is headed and the methods used to reach its goals.
To learn more about strategy
brainly.com/question/28561700
#SPJ1
The most important concern that an employer has about an employee is:
O the employee's previous education.
O the employee's output on the job.
the employee's previous experience.
A and B above
The most important concern that an employer has about an employee is typically the employee's output on the job. Option B.
The success of an employee can be influenced by their education and experience, but ultimately, an employer is more concerned with how well the person can carry out the duties and obligations of the position. This involves sticking to deadlines, delivering high-caliber work, cooperating with coworkers, and promoting the organization's success as a whole.
Education and experience, of course, may frequently influence a worker's capacity for work performance, and they are frequently taken into account throughout the recruiting process. The performance and capacity to produce outcomes of an employee, however, are the main concerns of an employer.
Learn more about employees:
brainly.com/question/31605141
#SPJ1
Should entrepreneurs be charged less taxes?
(Subject: Economics)
Answer: No.
Explanation: they should be charged the same amount as everyone else
Hospitality managers are typically successful because of their teams.
O True
O False
Hospitality managers are typically successful because of their teams.
O True ✔️
O False
GUYS GUYS PLS HELP TY WILL GIVE BRAINLIEST IF HELPFUL!
1) The UCC adopted the Perfect Tender Rule in order to obligate the seller or lessor to ship or tender conforming goods. Explain the Perfect Tender Rule and identify some important exceptions to the rule.
2). LO Ventures, LLC, doing business as Reefpoint Brewhouse in Racine, Wisconsin, contracted with Forman Awnings and Construction, LLC, for the fabrication and installation of an awning system over an outdoor seating area. After the system was complete, Reefpoint expressed concerns about the workmanship but did not give Forman a chance to make repairs. The brewhouse used the awning for two months and then had it removed so that siding on the building could be replaced. The parties disagreed about whether cracked and broken welds observed after the removal of the system were due to shoddy workmanship. Reefpoint paid only $400 on the contract price of $8,161. Can Reefpoint rescind the contract and obtain a return of its $400? Is Forman entitled to recover the difference between Reefpoint’s payment and the contract price? Explain in detail.
3). Charity Bell bought a used Toyota Avalon from Awny Gobran Auto Sales Inc. The odometer showed that the car had been driven 147,000 miles. Bell asked weather it had been in any accidents. Gobran replied that it was in good condition. The parties signed a warranty disclaimer that the vehicle was sold 'as is.' Problems with the car arose the same day as purchased. Gobran made a few ineffectual attempts to repair it before refusing to do more. Meanwhile, Bell obtained a vehicle history report from Carfax, which showed that the Alalon had been damaged in an accident and that it's last reported odometer reading was 237,271. Was the 'as is' disclaimer sufficient to put Bell on notice that the odometer reading could be false and that the car might have been in an accident? Can Gobran avoid any liability that might otherwise be imposed because Bell did not obtain the Carfax until after she bought the car? Explain in detail.
Ann bell borrowed $12,000 at a 7% interest rate for two years. After two years, what is the total repayment amount?
Answer:
The total amount for repayment is $13,738.8
Explanation:
Amount to be repaid after x years=Principle amount *(1+(interest/100))^x
Using this, interest=7; x=2;
Amount to be repaid comes out to be 12000*(1.07)^2
i.e. 13,738.8.
1a. Tell me why OJ Simpson was found not guilty of murder in acriminal trial, and why he was found liable in a wrongful deathaction for the deaths of his ex-wife and the pizza delivery guy. Wewill
OJ Simpson was found not guilty of murder in a criminal trial due to a lack of sufficient evidence to prove beyond a reasonable doubt that he committed the murders of his ex-wife and the pizza delivery guy.
However, he was found liable in a wrongful death action because the burden of proof in a civil trial is lower than in a criminal trial. In the wrongful death action, the plaintiffs only had to prove by a preponderance of the evidence (i.e. more likely than not) that Simpson was responsible for the deaths. The evidence presented in the civil trial was different from that presented in the criminal trial, and the plaintiffs were able to provide enough evidence to show that Simpson was liable for the deaths.
O.J. Simpson was found not guilty of murder in his criminal trial due to the inability of the prosecution to provide sufficient evidence to convince the jury beyond a reasonable doubt. Key factors in the acquittal were inconsistencies in the evidence, potential contamination of the crime scene, and doubts about the credibility of some witnesses.
On the other hand, Simpson was found liable in a wrongful death action because the standard of proof in a civil trial is lower, requiring only a "preponderance of the evidence" to establish liability. In this case, the jury found that it was more likely than not that Simpson caused the deaths of his ex-wife and the pizza delivery guy, resulting in a judgment against him for damages.
Learn more about murder here:-
https://brainly.com/question/30361773
#SPJ11
please i need you to solve every problem in this pages with explanation
Suzanne paid $118.12 interest and $1618.12 total. Tim paid $890 for the camera. Adam's dividend is $459. Mrs. Maxwell earned $2137.50. Alex earned $2828.75. Adjusted Check Register balance is $1628.84.
What is interest ?
Interest is the amount of money that a borrower pays to a lender for the use of borrowed funds, typically calculated as a percentage of the principal.
(1a) The interest Suzanne paid is $118.12.
To calculate:
Interest = Principal x Rate x Time
where Principal is the amount borrowed, Rate is the interest rate per period, and Time is the length of the loan in the same units as the interest rate.
Interest = $1500 x 10.5% x (9/12)
Interest = $1500 x 0.105 x 0.75
Interest = $118.12
(1b) The total amount Suzanne paid the bank is $1618.12.
To calculate:
Total amount = Principal + Interest
Total amount = $1500 + $118.12
Total amount = $1618.12
Tim paid $890 for the $849.99 camera.
To calculate:
Total amount paid = Down payment + (Monthly payment x Number of months)
Total amount paid = $200 + ($57.50 x 12)
Total amount paid = $200 + $690
Total amount paid = $890
(19) The total value of Adam Hoover's shares of General Oil Co. stock is $85 x 72 = $6,120. The annual dividend is 7.5%, so the dividend paid for this year is $6,120 x 7.5% = $459.
(20) Mrs. Maxwell earned a commission of 5% on $14,750 in sales, which is $14,750 x 5% = $737.50. Her total earnings for the month are her salary plus her commission, which is $1,400 + $737.50 = $2,137.50.
(21) Alex Tipton earned a commission of 18.25% on his total sales of $15,500, which is $15,500 x 18.25% = $2,828.75.
(22)The Adjusted Check Register Balance is $1,168.09 + $428.93 - $7.00 + $38.82 = $1,628.84.
(23)The Total Outstanding Checks and Drafts is $75.32 + $58.14 + $54.32 = $187.78.
(24)The Adjusted Bank Statement Balance is $958.76 + $428.93 - $187.78 = $1,199.91.
To learn more about dividend visit the link :
https://brainly.com/question/29510262
#SPJ1
Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2022 : - Ordinary dividends $695 - Capital gain distributions $315 - Nontaxable distributions $680 Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $867 in dividends from Vanguard Investments and $298 in interest on California Municipal Bonds. Elmer and Elsie filed a joint income tax return for 2022 What amount is reportable as taxable dividend income?
$1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
What is taxable dividend?
A taxable dividend is a portion of a company's profits that is paid out to its shareholders and is subject to taxation by the government. When a company pays a dividend, it distributes a portion of its after-tax earnings to its shareholders, and those shareholders are required to report the dividend as taxable income on their personal tax returns. The tax rate for dividends can vary depending on the recipient's income level and other factors, but generally, they are taxed at a lower rate than ordinary income.
To determine the taxable dividend income for Elmer and Elsie, we need to first add up their total dividend income and then subtract any non-taxable distributions.
Elmer's taxable dividend income is:
Ordinary dividends: $695Capital gain distributions: $315Total taxable dividend income for Elmer = $695 + $315 = $1,010
Elsie's taxable dividend income is:
Dividends from Vanguard Investments: $867Total taxable dividend income for Elsie = $867
Now, we add up the total taxable dividend income for Elmer and Elsie:
$1,010 (Elmer's taxable dividend income) + $867 (Elsie's taxable dividend income) = $1,877
Finally, we need to subtract any non-taxable distributions:
Nontaxable distributions from Virginiana Mutual Fund: $680Taxable dividend income for Elmer and Elsie = $1,877 - $680 = $1,197
Therefore, $1,197 is the amount of reportable taxable dividend income for Elmer and Elsie on their joint income tax return for 2022.
To know more about Capital gain, visit:
https://brainly.com/question/31468448
#SPJ1
Every business transaction affects at least two accounts. This keeps the accounting equation in balance.
1. The owner deposited $60,000 cash in the business bank account.
2. Wrote a check to pay the month's rent.
3. The owner invested a computer in the business.
4. Bought computer equipment on account.
5. Received a check from a customer for services.
6. The owner withdrew cash for personal use.
7. Sold one of the computers on account.
8. Paid cash for a microcomputer.
What effects do the above transactions have on each of the accounts listed in the table. Use a "+" (plus sign) to indicate an increase, a "–" (minus sign) to indicate a decrease, or "0" (zero) to indicate no change in the account.
X represents the amount of money spent, received, or withdrawn in each respective transaction, which is not specified in the original prompt.
The Representation and ExplanationThe owner of the enterprise inserted $60,000 in cash into its business bank account, consequently raising both their Cash and Bank accounts by the same quantum.
A check was then issued for the rental payment; thus, diminishing Cash and Bank accounts with a similar magnitude as that rent expense. Moreover, they acquired a computer as an investment, thus amplifying their Computer account by its value while concurrently augmenting the Owner's Equity account to equivalent figure, as the proprietor contributed this equipment as a new asset.
Read more about business here:
https://brainly.com/question/24553900
#SPJ1
Life Insurance Essav
Explain each type of life insurance
(whole and term). Which one would you
prefer? Then identify/define
BENEFICIARY. Who would you designate
as your beneficiary(s) and why. What
would you want them to do with the
insurance money? ($500k policy) (5
paragraphs)
*Explain the percentage breakdowns if
there are multiple beneficiaries.
In a contract between the policyholder and the insurer known as life insurance, the insurer agrees to pay a predetermined sum of money to the named beneficiaries in the event of the policyholder's passing.
Which is more advantageous between term and whole life insurance?Term life insurance may be preferable because the premiums are less expensive if you just need it for a brief period of time (such as when you have young children to support). If you need long-term, permanent coverage, whole life is definitely the best option.
What kind of insurance is the most common?The majority of financial experts advise everyone to have life, health, auto, and long-term disability insurance.
To know more about beneficiary visit:
https://brainly.com/question/20317437
#SPJ1
A company wants to establish an assembly line for producing a new product, the Personal Digital Assistant (PDA). The tasks, task times, and immediate predecessors for the tasks are as follows: TASK TIME (sec) IMMEDIATE PREDECESSORS A 12 B 15 A C 8 A D 5 B, C E 20 D. Company goal is to produce 180 PDAs per hour. a. What is the cycle time? b. What is the theoretical minimum for the number of workstations that can achieve in this assembly line? c. Can the theoretical minimum actually be reached when workstations are assigned?
a. The critical path is A → B → D → E, which has a total task time of 12 + 15 + 5 + 20 = 52 seconds. Therefore, the cycle time is: cycle time = 3600 / (180/hour) = 20 seconds.
The theoretical minimum number of workstationsb. The theoretical minimum number of workstations can be calculated using the following formula:
number of workstations = total task time / cycle time
Using the values from part (a), we get:
number of workstations = 52 seconds / 20 seconds
= 2.6
Since we cannot have a fraction of a workstation, we round up to the next whole number, giving us a minimum of 3 workstations.
c. Depending on how the tasks are organized, it's possible that the theoretical minimum cannot be met when workstations are assigned. Workstation 1 would have a cycle time of 52 seconds, which is longer than the desired cycle time of 20 seconds, if all the tasks on the critical path were allocated to it and all the remaining tasks were distributed among workstations 2 and 3. We would need to allocate tasks to workstations in this situation so that the burden is balanced and the cycle time is minimized.
Learn more on critical path here https://brainly.com/question/15091786
#SPJ1
6:00 PM If the contract is "mixed," the governing law (UCC or common law) is determined by: Multiple Choice a. Article 6. b. whether there was liability relating to a negotiable instrument.c. whether services were performed. d. the predominant factor. 6:00 PM
The correct answer to the multiple-choice question would be d. the predominant factor.
If the contract is "mixed," meaning it involves both the sale of goods and the provision of services, the governing law (UCC or common law) is determined by the predominant factor. This means whichever aspect of the contract is more significant or important in terms of the overall transaction will determine which law applies. This determination is made on a case-by-case basis and can depend on various factors such as the nature of the goods and services involved, the intentions of the parties, and the language used in the contract. Therefore, the correct answer to the multiple-choice question would be d. the predominant factor.
To know more about UCC
https://brainly.com/question/13487732
#SPJ11
Jacob and his partner Rico are partners in a business. They want to start a new e-commerce company that will help customers shop for goods online. Before starting the business, they make a list of the market leaders in this field. The list contains names such as Koovs.com, Dresslink.com, and Boohoo.com. What kind of business format do you think Jacob and Rico’s company is following?
In this business, Jacob and Rico's company is likely following the e-commerce business format.
What is the business format the new company is following?Basically, e-commerce means buying and selling of goods or services online. Given the list of market leaders in the online shopping field, it is safe to assume that Jacob and Rico's new company is also an e-commerce business.
The E-commerce is now popular format for businesses because as it allows to reach customers all over the world and provides convenience for both customers and businesses. By starting the e-commerce company, they can take advantage of this growing trend and potentially tap into a large customer base.
Read more about e-commerce
brainly.com/question/23369154
#SPJ1
The ethical dilemma:
Roger worked for a small auditing firm and conducted an annual
audit of a machinery manufacturer. During the audit he discovered
that the firm had received a large loan from the local savings and
loan association. It is illegal for a savings and loan association to
make a loan to a manufacturing firm; law to mortgages based upon
residential real estate restricts them. Roger took his working papers
and a Xerox copy of the ledger showing the loan to his boss, the
partner in charge of the auditing office. His boss listened to Roger,
and then told Roger: “I will take care of this privately. We simply
cannot afford to lose a client of this status. You put the papers you
have through the shredder.”
answer questions A-E
a. Identify all of the ethical issues presented by the dilemma;
b. Identify everyone that may be affected;
c. Identity the consequences to everyone you identify in (b), above;
d. Evaluate the dilemma using multiple ethical principles; and
e. Recommend a specific course of action that is based upon your
responses to items (a) through (d).
Answer:
a. The ethical issues presented by the dilemma include:
Violation of the law by the machinery manufacturer for receiving a loan from a savings and loan association, which is illegal.
Potential violation of auditing standards and professional ethics by the auditing firm for not reporting the illegal loan and for shredding the working papers related to it.
Conflict of interest for the partner in charge of the auditing office, who prioritized retaining the client's business over ethical and legal considerations.
b. The following parties may be affected by the actions taken in this dilemma:
The machinery manufacturer, if the illegal loan is uncovered and reported to the authorities.
The savings and loan association, if it is found to have made an illegal loan to the machinery manufacturer.
Roger, the auditor who uncovered the illegal loan and was asked to destroy the evidence.
The auditing firm, which may face legal and ethical repercussions if it is found to have violated auditing standards and professional ethics.
The partner in charge of the auditing office, who may face consequences for prioritizing the client's business over ethical and legal considerations.
The public, who may lose trust in the auditing profession and the institutions involved in the illegal loan.
c. The consequences to the parties identified above may include:
The machinery manufacturer and the savings and loan association may face legal and financial penalties for their involvement in the illegal loan.
Roger may face ethical and legal repercussions for his involvement in the cover-up of the illegal loan.
The auditing firm may face legal and reputational damage for violating auditing standards and professional ethics.
The partner in charge of the auditing office may face legal and reputational damage for prioritizing the client's business over ethical and legal considerations.
The public may lose trust in the auditing profession and the institutions involved in the illegal loan.
d. The dilemma can be evaluated using multiple ethical principles, such as:
Utilitarianism: The partner's decision to retain the client's business may be seen as a utilitarian approach, as it prioritizes the greatest good for the greatest number of people (i.e., the firm's employees, clients, and shareholders).
Deontology: The actions taken by the auditing firm and the partner in charge may be seen as a violation of deontological principles, which prioritize adherence to moral rules and duties.
Virtue ethics: The actions taken by the auditing firm and the partner in charge may be seen as a violation of virtue ethics, which prioritize the development of virtuous character traits, such as honesty, integrity, and courage.
e. Given the ethical issues and consequences identified above, a specific course of action would be to:
Report the illegal loan to the appropriate authorities, such as the regulatory agency overseeing the savings and loan association or law enforcement.
Disclose the shredding of the working papers and the partner's involvement to the appropriate regulatory bodies, such as the accounting board or professional association.
Consider seeking legal counsel and protection, as whistleblowers are often vulnerable to retaliation.
Advocate for ethical and legal compliance within the auditing firm and the wider business community by speaking out about the importance of upholding professional ethics and legal obligations.
Explanation:
Roger is faced with ethical issues of professional dishonesty, breach of law, and conflict of interest. The stakeholders affected include Roger, his boss, their firm, the client, the loan association, and potential report users. It's recommended that Roger reports his findings to a higher authority.
Explanation:a. The ethical issues in this dilemma include professional dishonesty, conflict of interest, breach of law, and breach of professional responsibility. Roger found out about an illegal action, but his boss ordered him not to disclose it for the firm's financial gain.
b. All stakeholders that may be affected include Roger, his boss, the auditing firm, the machinery manufacturing client, the local savings and loan association, and the potential users of the audit report such as banks or investors.
c. The consequences could include harm to Roger's moral integrity and potential legal penalties for everyone involved. The firm could lose its license, and trust in the loan association could be severely damaged.
d. Using the principle of integrity, Roger should disclose the illegal act. Based on the principle of professional responsibility, he should protect the public interest first. However, from a utilitarian perspective, the firm's motive for not reporting could be to maximize overall happiness by preserving their client relationship and financial stability.
e. The recommended action is that Roger should express his concerns to a higher authority within the firm or a regulatory body to ensure action is taken.
Learn more about Ethical Dilemma here:https://brainly.com/question/33477113
#SPJ2
How to Prevent Services costs?
"When Tanner was at the mall, he encountered a market researcher who wanted to pay him $5 to answer a series of survey questions. Tanner agreed, for the next 10 minutes he answered questions about men’"s jewelry-his feelings about jewelry and his jewelry shopping habits. Based on those questions, what kind of research was the survey most likely focused on?
Answer: probably what kind of jewelry do most men prefer and the man probably asked other people the same things the survey was mostly focused on if the man liked jewelry and what type of jewelry he liked
Explanation:
sorry if I'm wrong I'm not really good at this type of stuff hopefuly you understand what im trying to say
Answer:
customer research
Explanation:
tanner is being asked questions of his pov of the product.
summary of Chapter three Planning in Organization management subject
robbery prevention at dollar general cbl test
Answer: i have no idea what to do here to help you but i'll try my best,
Explanation:
security cameras, security systems, security officers, and a policy against guns and other weapons.
Robbery is the act of stealing money or other items from a bank, store, or moving object while frequently utilizing force or threats. It's crucial to put in place efficient security measures and train staff members to be ready for such circumstances if you want to reduce the likelihood of robberies at Dollar General stores.
Keep the store's inside and exterior adequately lit, paying particular attention to the parking areas and entrances. By making people more visible and eliminating hiding places, well-lit spaces might dissuade potential robberies. To establish and close the firm, at least two people are required. Never give strangers your personal information.
Lock up bags and other personal items in desks or lockers. Activate a robbery alarm. A surveillance camera facing the front counter should be placed behind the cash register.
Learn more about Robbery here:
https://brainly.com/question/15526673
#SPJ6
Do you think piece rate is a suitable method of payment for all Joe's employees? justify your answer
Whether piece rate is appropriate for each of Joe's employees will depend on a variety of elements, including the nature of the task, production levels, and applicable laws governing fair compensation.
What does the compensation management piece rate system entail?When workers are paid by the unit produced (such as the number of t-shirts or bricks produced) rather than the amount of time spent on the job, this is known as piece rate pay.
What does it mean to be a piece rate worker?The employer establishes a fixed rate per unit as an alternative to hourly pay. The set pay rate is multiplied by the quantity of units generated to determine paychecks. But it isn't that simple. The Fair Labour Standards Act (FLSA) must be followed in order for this rate workers must make at least the applicable minimum wage.
To know more about rate visit:-
https://brainly.com/question/13324776
#SPJ1
what can prevent dollar general robbery prevention?
Additionally, the business employs loss prevention personnel who "will advise on security measures, investigate instances of theft, and coordinate with Dollar General management and government agencies to ensure that all loss prevention tactics are appropriate and legal," according to the website of a consumer advocacy group.
What is the company's strategy?The long history of profitable growth at Dollar General is based on a dedication to a comparatively straightforward business model: meeting a wide range of customers' basic daily and household needs, supplemented with a variety of general merchandise items at consistently low prices in conveniently located, small-box stores.
Customers are visually assured of their protection by security officers, and they act as a deterrent to bank robbers. 3) Using security cameras both inside and outside the bank to catch potential criminals and try to identify them.
To know more about general robbery prevention, refer to:
https://brainly.com/question/14289515
#SPJ1
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Additional information:
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made. (450)
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum. (30)
v. Motor vehicles are to be depreciated by 20% per annum. (5280)
REQUIRED:
a) Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance).
b) Prepare the Statement of Comprehensive Income and Statement of Financial Position for the year ended 31st December, 2014 (include the additional information given in your question).
solution
Answer:
a) Trial Balance as at 31st December, 2014:
Account Debit Credit
Purchases 74,400.00
Sales 141,600.00
Return inwards 4,900.00
Sundry expenses 370.00
Freight charges 6,240.00
Motor vehicle expenses 7,250.00
Rent and rates 5,720.00
Wages 19,600.00
Bank Loan interest 300.00
Bank Loan 6,000.00
Accounts receivable 15,000.00
Accounts payable 6,050.00
Inventory as at 01/01/14 8,540.00
Equipment 5,800.00
Motor Vehicle 26,400.00
Drawings 12,000.00
Capital 35,700.00
Cash at Bank 2,830.00
Total 224,350.00 224,350.00
b) Statement of Comprehensive Income for the year ended 31st December, 2014:
Particulars Amount ($)
Sales 141,600.00
Less: Return inwards (4,900.00)
Net Sales 136,700.00
Cost of Sales 74,400.00
Gross Profit 62,300.00
Less: Sundry expenses (370.00)
Less: Freight charges (6,240.00)
Less: Motor vehicle expenses (7,250.00)
Less: Rent and rates (5,720.00)
Less: Wages (19,600.00)
Operating Profit 23,120.00
Less: Bank Loan Interest (300.00)
Net Profit 22,820.00
Statement of Financial Position as at 31st December, 2014:
Particulars Amount ($)
Current Assets
Inventory 10,750.00
Accounts receivable 15,000.00
Prepaid Rent 900.00
Cash at Bank 2,830.00
Total Current Assets 29,480.00
Non-Current Assets
Equipment 5,800.00
Motor Vehicle 21,120.00
Less: Accumulated Depreciation (5,280.00)
Net Non-Current Assets 21,640.00
Total Assets 51,120.00
Current Liabilities
Accounts payable 6,050.00
Bank Loan 6,000.00
Total Current Liabilities 12,050.00
Net Assets 39,070.00
Equity
Capital 35,700.00
Add: Net Profit for the Year 22,820.00
Total Equity 58,520.00
Total Liabilities and Equity 51,120.00
Explanation:
How can an investor use a prospectus?
OA. To research various government bond options
OB. To find a broker who sells stocks and/or bonds
C. To diversify a portfolio that is too heavily invested in stocks
OD. To research whether a stock would be a good investment
An investor can best use a prospectus to make research whether a stock would be a good investment. The Option D.
How can an investor use a prospectus to research stocks?Prospectuses refers to those legal documents provided by companies to potential investors that contain important information about their securities offerings, such as stocks.
A typical investors can use these prospectuses as a valuable tool to research whether a stock would be a good investment. Prospectuses typically provide details about the company's financials, business model, risks associated with the investment, and other relevant information that can help investors make informed decisions.
Read more about prospectus
brainly.com/question/28026261
#SPJ1
1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
If excess demand exists in a market, then
A situation where the police officer we need to know the sixth amendment 
The Sixth Amendment to the United States Constitution guarantees the right to a fair and speedy trial, as well as the right to legal counsel.
A situation where the police officer we need to know the sixth amendment.The Sixth Amendment to the United States Constitution guarantees the right to a fair and speedy trial, as well as the right to legal counsel. This amendment is particularly relevant in criminal cases where a person has been arrested and is facing charges.
In such situations, a police officer must inform the suspect of their rights, including the right to remain silent and the right to an attorney. Failure to do so could result in a violation of the suspect's constitutional rights and a potential challenge to the admissibility of evidence obtained through an unconstitutional interrogation.
Read more on Sixth Amendment here https://brainly.com/question/539935
#SPJ1
A Christmas promotion included a $2.5 mail-in rebate for the purchase of a 10-liter bottle of milk and a store coupon for $1.39 off a 5-liter bottle of vegetable oil. Jesse Gatling bought one 10-liter bottle of milk for $33.00 and a 5-liter bottle of vegetable oil for $26.89. Calculate his total cost if an envelope cost $0.10 and a stamp cost $0.28
His total cost if an envelope cost $0.10 and a stamp cost $0.28 is $56.38.
After the mail-in rebate, the price of the 10-liter bottle of milk is
[tex]$33.00 - $2.50 = $30.50[/tex]
After the store coupon, the price of the 5-liter bottle of vegetable oil is
[tex]26.89- 1.39= $25.50.[/tex]
The two items cost Jesse a total of [tex]($30.50 + $25.50)= $56.00.[/tex]
If an envelope costs $0.10 and a stamp is $0.28,
The total cost of sending in the rebate is $0.10 + $0.28 = $0.38
The total cost if an envelope cost $0.10 and a stamp cost $0.28 is $56.38.
Learn more about rebate at:
brainly.com/question/30229535
#SPJ1
Read Chief Justice Taney's decision on the Dred Scott case (Major Problems, Ch. 13)explain how his decision impacted African Americans all over the United States.How do you think this decision affected abolitionists and supporters of slavery?
In Chief Justice Taney's decision on the Dred Scott case (Major Problems, Ch. 13), the impact on African Americans all over the United States was significant.
The decision ruled that African Americans, whether enslaved or free, were not considered citizens under the U.S. Constitution, thus stripping them of legal rights and protections.
For abolitionists, this decision was disheartening and fueled their desire to end slavery. They viewed it as a severe setback to the progress they had made in fighting for equal rights and the abolition of slavery.
Conversely, supporters of slavery viewed the Dred Scott decision as validation for their beliefs and as a legal justification for the continuation of the institution of slavery. Overall, the Dred Scott case further polarized the nation and intensified the conflict between abolitionists and supporters of slavery.
To know more about African Americans refer here:
https://brainly.com/question/364696#
#SPJ11
A borrower questions the amount of the "Notary/Signing Fee" appearing on the settlement statement.
A borrower questions the amount of the "Notary/Signing Fee" appearing on the settlement statement. The Notary Signing Agent should: Recommend that the borrower contact the lender's representative before signing the documents.
What is a Notary Signing fee?A notary signing fee is a fee paid to a notary public for their services in overseeing the signing of important documents.
Notary publics are required to be impartial witnesses to the signings of important legal documents. Their services are often necessary in real estate transactions, loan closings, and other legal matters.
Therefore, The Notary Signing Agent should recommend that the borrower contact the lender's representative before signing the documents if gotten questions on the amount on the notary documents.
learn more about notary signing fee: https://brainly.com/question/22094838
#SPJ1
The complete question goes thus:
A borrower questions the amount of the "Notary/Signing Fee" appearing on the settlement statement. The Notary Signing Agent should:
