Answer:
Stengel Co. is in a contract to perform maintenance service for Laplante Inc. The revenue accounted for the first 2 years will be $100,000 per year, which when received in cash, will be credited to Laplante's account in the books of Stengel. However, in the third year, with the modification of the contract revenue, the disclosure will be done for $100,000 only, with a debit to Contract.
Modification Costs, aggregating $ 20,000, which anyways needs to be expensed off. The amount to be received from Laplante Inc. at the end of the third year in cash, which will be credited to their account, will total $80,000 only.
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.45 Direct labor $ 3.30 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 16,500 Sales commissions $ 0.45 Variable administrative expense $ 0.50 Fixed selling and administrative expense $ 4,200 If 5,000 units are sold, the total variable cost is closest to:
Answer:
$59,750
Explanation:
Total variable per unit = Direct material pet unit + direct labor per unit + variable manufacturing overhead + sales commission + variable administrative expenses
= $6.45 + $3.3 + $1.25 + $0.45 + $0.5
= $11.45
Total variable cost for 5,000 units
= $11.95 × 5,000
= $59,750
Under contract law, a promise not to do something that a person could otherwise do __________. is only deemed legal consideration for a contract if the person giving it is financially harmed is called a forbearance and is an adequate legal value to support the existence of consideration for a contract is called a forbearance, but is not adequate legal consideration for a contract is called promissory estoppel, and qualifies as legal consideration
Answer:
is called a forbearance and is adequate legal consideration for a contract.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.
For example, a creditor who decides to forebear by refusing to collect money from a debtor.
1.Production runs can be scheduled in
A. only one shift
B. always two shifts
C. one or two shifts
D. up to three shifts
2.Hiring the Needed Complement will always eliminate
A. Overtime
B. worker layoffs
C. a Second Shift
D. strikes
3.Management should strive to
A. increase Turnover
B. decrease Turnover
4.Increasing Capacity tends to
A. reduce the Needed Complement
B. reduce the number of workers on Second Shift
C. reduce Overtime
5.Increasing Training Hours tends to
A. increase the Needed Complement
B. decrease the Needed Complement
C. neither increase nor decrease the Needed Complement
D. both increase and decrease the Needed Complement
6.Recruiting Costs are incurred when
A. Automation levels increase
B. Production runs increase and teams match hiring to Needed Complement
C. workers are assigned to a Second Shift
7.Assuming the Productivity Index is greater than 100%, adding Overtime will
A. increase the Productivity Index
B. decrease the Productivity Index
8.Worker training is entered by the
A. Hour
B. Dollar
9.Teams can eliminate all Recruiting Costs if they wish
A. True
B. False
10.Generally, Separation Costs will be incurred when
A. Production levels increase
B. Automation Levels increase
C. Production Levels decrease
D. Production levels decrease and / or Automation levels increase
Answer:
Explanation:
10)production levels decrease and/or automation levels increase
On June 30, 2018, Kimberly Farms purchased custom-made harvesting equipment from a local producer. In payment, Kimberly signed a noninterest-bearing note requiring the payment of $60,000 in two years. The fair value of the equipment is not known, but an 8% interest rate properly reflects the time value of money for this type of loan agreement. At what amount will Kimberly initially value the equipment? How much interest expense will Kimberly recognize in its income statement for this note for the year ended December 31, 2018?
Answer:
$2,058
Explanation:
Present value = Amount * (Present value of $1: n=2, i=8%)
Present value = $60,000 * 0.85734
Present value = $51,440
Interest expenses = Initial value of equipment * Interest rate * Number of years
Interest expenses = $51,440 * 8% * 6/12
Interest expenses = $2,058
Unfortunately, licensing and franchising are not valuable options for a potential business model. a. True b. False
Answer:
B. False
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For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served.
a. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly increasing its market share.
b. Productive function whereby the government promotes economic stability through fiscal policies.
c. Productive function whereby the government maintains market competition.
d. Productive function whereby the government redistributes income from rich to poor.
e. Protective function whereby the government enforces property rights.
f. Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
g. Maintaining competition
h. Redistributing income
i. Promoting stability
j. Reallocating resources
Answer:
a. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly increasing its market share.
Answer: Main objective of Microsoft is to dominate the market and create a monopoly environment. If it is allowed then people of the economy will suffer. They have to pay for the product at a high monopoly price. Microsoft will gain at the cost of customers. So social welfare will decrease. Thus by this act government has tried to maintain market competition.
b. Members of the Federal Reserve Bank, the central bank of the United States, meet every six weeks to adjust interest rates based on economic conditions.
Answer: Objective is to promote stability in the economy.
The determination of the primary function of government being served in each of the scenarios involving the U.S. government is as follows:
Scenario Primary Function
a. Microsoft, accused of illegal
business practice. g. Maintaining competition
b. Promotion of economic stability
through fiscal policies. i. Promoting stability
c. The government maintains
market competition. g. Maintaining competition
d. The government redistributes income. h. Redistributing income
e. The government enforces property rights. g. Maintaining competition
f. Federal Reserve Bank semi-annual meeting. j. Reallocating resources
What are the primary functions of government?The primary functions of government are:
Providing leadershipMaintaining law and orderProviding public services and amenitiesProvision of national and economic securityProviding enabling environments for enterprises.Thus, the determination of the primary function of government being served in each of the scenarios involving the U.S. government has been indicated.
Learn more about the primary functions of government at https://brainly.com/question/17656622
In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2 than in year 1, it follows that a. the law of supply does not hold for good X. b. demand for good X could be lower in year 2 than in year 1. c. supply of good X could be less in year 2 than in year 1. d. good X buyers have received an increase in income between year 1 and year 2, and good X is a normal good. e. good X buyers have received a decrease in income between year 1 and year 2, and good X is a normal good.
Answer:
D
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
If good X is a normal good and the consumers income increases, the demand for good X would increase
It would have been that the Law of demand not supply that didn''t hold
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,200, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $66,720. Shore paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Inventory fill in the blank 002d1202e07bfb8_2 fill in the blank 002d1202e07bfb8_3 Accounts Payable fill in the blank 002d1202e07bfb8_5 fill in the blank 002d1202e07bfb8_6 Accounts Payable fill in the blank 002d1202e07bfb8_8 fill in the blank 002d1202e07bfb8_9 fill in the blank 002d1202e07bfb8_11 fill in the blank 002d1202e07bfb8_12 fill in the blank 002d1202e07bfb8_14 fill in the blank 002d1202e07bfb8_15 fill in the blank 002d1202e07bfb8_17 fill in the blank 002d1202e07bfb8_18 fill in the blank 002d1202e07bfb8_20 fill in the blank 002d1202e07bfb8_21 fill in the blank 002d1202e07bfb8_23 fill in the blank 002d1202e07bfb8_24 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. fill in the blank 2aa3cd04cfa0046_2 fill in the blank 2aa3cd04cfa0046_3 fill in the blank 2aa3cd04cfa0046_5 fill in the blank 2aa3cd04cfa0046_6 fill in the blank 2aa3cd04cfa0046_8 fill in the blank 2aa3cd04cfa0046_9 fill in the blank 2aa3cd04cfa0046_11 fill in the blank 2aa3cd04cfa0046_12
Answer:
SHORE CO BOOKS:
Dec 31
Dr Accounts receivables Blue star Co. $109,760
Cr Sales $109,760
Dec 31
Dr Cost of goods sold $66,720
Cr Inventory $66,720
Dec 31
Dr Cash $111,560
Cr Account receivable Blue star Co. $111,560
Dec 31
Dr Account receivable Blue star Co $1,800
Cr Cash $1,800
BLUE STAR CO BOOKS
Dr Inventory $111,560
Cr Accounts Payable $111,560
Dr Accounts Payable $111,560
Cr Cash $111,560
Explanation:
Preparation of the journal entries for Shore Co.'s entry for the sale, purchase, and payment of amount due
SHORE CO BOOKS:
Dec 31
Dr Accounts receivables Blue star Co. $109,760
Cr Sales $109,760
[$112,000*(100%-2%)]
Dec 31
Dr Cost of goods sold $66,720
Cr Inventory $66,720
Dec 31
Dr Cash $111,560
Cr Account receivable Blue star Co. $111,560
($109,760+$1,800)
Dec 31
Dr Account receivable Blue star Co $1,800
Cr Cash $1,800
BLUE STAR CO BOOKS
Dr Inventory $111,560
Cr Accounts Payable $111,560
($109,760+$1,800)
Dr Accounts Payable $111,560
Cr Cash $111,560
($109,760+$1,800)
Employers must provide training and evaluation with employees?
Explanation:
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An argument that opposes the idea of high executive pay is: ___________
a. High salaries provide an incentive for innovation and risk-taking.
b. Not many individuals are capable of running today's large, complex organizations.
c. Top athletes and entertainers make a lot of money, so top executives should, too.
d. High salaries divert resources that could be used to invest in the business.
Answer:
D
Explanation:
when pay becomes high with respect to several executives or just one, the resources and expense needed to keep the business growing....will be shortened
(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can be properly analyzed.
(b) Write down 5 projects you think do not lend themselves to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can not be properly analyzed (e.g. the scope is too broad, information is hard/impossible to obtain, they are technologically infeasible, etc).
(c) Among the projects in part a, choose the one you would be most excited to work on and explain why.
(d) Among the projects in part b, choose the one you would be least excited to work on and explain why.
Answer:
A)
Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams
B)
Investment in stocks, National economic planning , Railway construction , Employee housing, Investment in Insurance
C) The food chain project
D) Investment in stocks
Explanation:
A) 5 projects that will lend themselves well to a cost benefit analysis
Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a period construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long runB) 5 projects that do not lend themselves to cost benefit analysis
Investment in stocks : The cost benefit analysis cannot be properly carried out in this can of project because some uncertainties associated with stocks National economic planning project; Cost benefit analysis can not be properly implemented her because the sole aim of National economic planning is to sustain the economy and some uncertainties can erupt which was not included in the economic planRailway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life bringsC) In part A The best project for me is
The food chain project and this is due to is simplicity in analysis via the cost benefit analysis
D) In part B the Least project for me is
Investment in stocks and this is due to the Volatility and uncertainty surrounding stock investment and trading
The gross domestic product (GDP) of the United States is defined as the _ all _ _ in a given period of time.
Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
2017 GDP
Scenario Included Excluded
Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 9, 2017. It sells the car at a dealership in Chicago on February 2, 2017.
Treetopplers, a U.S. lumber company, produces wood at a plant in Oregon on September 19, 2017. It sells the wood to Buildit and Partners, a developer for use in the production of a new house that will be built in the United States in 2017. (Note: Focus exclusively on whether production of the wood increases GDP directly, and ignore the effect of production of the new house on GDP.)
Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2017. A family buys the sedan on December 24.
An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 17, 2017. Roadway Motors imports the convertible into the United States on May 21, 2017.
Answer:
The gross domestic product (GDP) of the United States is defined as the sum of the all final goods and services produced in a given period of time.
included
excluded
included
excluded
excluded
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The sale of the car would be included in GDP as part of investment spending
The wood is an intermediate good and would not be included in GDP
The purchase of the sedan is added to GDP as part of consumption
The work the accountant did would be added to 2018s GDP
The car produced in Germany would be included in Germany's GDP
how gross profit or loss is calculated
Answer: See explanation
Explanation:
The Gross Profit for a company simply refers to the income that a particular company has left after the company has paid it's direct expenses that was incurred during production.
The formula to calculate the gross profit is:
Gross Profit = Revenue – Cost of Goods Sold.
In a case whereby the cos of goods sold is more than the revenue, we will get a gross loss.
Suppose that your marginal federal income tax rate is 40%, and the yield on thirty-year U.S. Treasury bonds is 4.5%. You would be indifferent between buying a thirty-year Treasury bond and buying a thirty-year municipal bond issued within your state (ignoring differences in liquidity, risk, and costs of information) if the municipal bond has a yield of Group of answer choices 10.0%. 2.8%. 1.8%. 2.7%.
Answer:
2.7%
Explanation:
Calculation for the municipal bond yield
Municipal bond yield=(1-.4)*0.045
Municipal bond yield=.6*.045
Municipal bond yield=0.027*100
Municipal bond yield=2.7%
Therefore based on the information given You would be indifferent between buying a thirty-year treasury bond and buying a thirty- year municipal bond issued within your state if the municipal bond has a yield of 2.7%
Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $3,500 under each of the following situations:
a. The first payment is received at the end of the first year, and interest is compounded annually.
b. The first payment is received at the beginning of the first year, and interest is compounded annually.
c. The first payment is received at the end of the first year, and interest is compounded quarterly.
Answer:
a. The first payment is received at the end of the first year, and interest is compounded annually.
present value = annual payment x PVIFA
annual payment = $3,500
PVIFA, 12%, 5 periods = 3.6048
present value = $12,616.80
b. The first payment is received at the beginning of the first year, and interest is compounded annually.
annual payment = $3,500
PVIF annuity due, 12%, 5 periods = 4.0373
present value = $14,130.55
c. The first payment is received at the end of the first year, and interest is compounded quarterly.
present value = annual payment x PVIFA
annual payment = $3,500
effective interest rate = 1.03⁴ - 1 = 12.55%
PVIFA, 12.55%, 5 periods = 3.5562
present value = $12,446.70
As part of the initial investment, Jackson contributes accounts receivable that had a balance of $25,581 in the accounts of a sole proprietorship. Of this amount, $1,347 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $807. The amount debited to Accounts Receivable for the new partnership is a.$25,581
Answer:
The amount debited to the Accounts Receivable for the new partnership is:
= $2,434.
Explanation:
a) Data and Calculations:
Accounts receivable balance = $25,581
less amount deemed completely worthless = $1,347
Balance after deduction = $2,434.
Provision for possible future uncollectible accounts = $807
b) The Accounts Receivable balance will not exclude the $807 provision for possible future uncollectible accounts. The probability of not collecting the accounts is not established.
ABC Corp. was formed on 1/1/05 and is in the business of buying and selling erasers. The cost of purchasing erasers and the number of erasers held in inventory has steadily increased since the company was formed. Which of the following inventory methods will result in the lowest reported gross profit in the year ended 12/31/13 income statement?
a) Average cost
b) FIFO
c) LIFO
d) Can't be determined with the information provided
Answer:
c) LIFO
Explanation:
Indeed, the LIFO (Last in First Out) inventory method is known to give the lowest gross profit when calculating income statement.
Since this method takes account of the most recently purchased items as sold first, and the cost of purchasing erasers and the number of erasers held in inventory has steadily increased, it thus means that items bought costly would be accounted for first leading to low reported gross profit.
Are mixed economies the same?why or why not
Answer:
The economic system is the set of practices and principles that regulate the production, trade, distribution and allocation of resources to production in a society, as well as deciding who will produce. It is not possible to consider economic systems purely from a commercial perspective. On the contrary, the most defining feature of economic systems should be of political and ideological origin. The opposite of this proposition is also true, that is, economics is the main factor shaping political approaches. Politics and economics are intertwined and inseparable. From this point of view, it seems the most appropriate method to classify political structures in the world on the basis of economy. A classification of economic systems that are currently or recently applied or whose effects continue can be made as follows.
You just received $225,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your goal is to retire 25 years from today. How much more will you have in your account on the day you retire if you can earn an average return of 10.5 percent rather than just 8 percent?
Answer:
If the interest rate is 10.5% the value of the investment at the time of retirement will be $1,189,576.02 higher.
Explanation:
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
When i=8%
FV= 225,000*(1.08^25)
FV= $1,540,906.92
When i=10.5%
FV= 225,000*(1.105^25)
FV= $2,730,482.95
Difference= 2,730,482.95 - 1,540,906.92= $1,189,576.02
If the interest rate is 10.5% the value of the investment at the time of retirement will be $1,189,576.02 higher.
Suppose that you have the option to lease a new car, which you otherwise intend to purchase for $21,000. The lease terms: $3000 down and payments of $298 per month for 48 months, at the beginning of each month. Upon termination, you can purchase the car for an addition payment of $7000 at lease expiration. If your financing rate is 5.4% APR, and you discount the lease-purchase option using that same rate, how much will pay to buy car (in present-value terms) using the lease-purchase option
Answer:
The amount that will be paid to buy the car is $18,539.43.
Explanation:
This can be calculated using the following 3 steps:
Step 1: Calculation of the present of the monthly payment
Since the payments are made at the beginning of each month, this can be calculated using the formula for calculating the present value (PV) of annuity due given as follows:
PVM = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) .................................. (1)
Where;
PVM = Present value monthly payments = ?
P = Monthly withdraw = $298
r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045
n = number of months = 48
Substitute the values into equation (1), we have:
PVM = $298 * ((1 - (1 / (1 + 0.0045))^48) / 0.0045) * (1 + 0.0045) = $12,896.55
Step 2: Calculation of the present of the purchase amount at lease expiration
This can be calculated using the present value formula as follows:
PVP = P / (1 + r)^n .................................. (2)
Where;
PVP = Present value of the purchase amount at lease expiration = ?
P = Purchase amount at lease expiration = $7000
r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045
n = number of months = 48
Substitute the values into equation (2), we have:
PVP = $7000 / (1 + 0.0045)^48 = $5,642.88
Step 3: Calculation of the amount that will be paid to buy the car
This can be calculated as follows:
Amount to pay to buy car = PVM + PVP ............... (3)
Where:
PVM = Present value monthly payments = $12,896.55
PVP = $5,642.88
Substitute the values into equation (3), we have:
Amount to pay to buy car = $12,896.55 + $5,642.88 = $18,539.43
Therefore, the amount that will be paid to buy the car is $18,539.43.
On January 1, 2021, Kapoor Co. sold equipment to its subsidiary, Howard Corp., for $125,000. The equipment had cost $150,000, and the balance in accumulated depreciation was $70,000. The equipment had an estimated remaining useful life of eight years and no salvage value. Both companies use straight-line depreciation. On their separate 2021 income statements, Kapoor and Howard reported depreciation expense of $86,000 and $64,000, respectively. The amount of depreciation expense on the consolidated income statement for 2021 would have been:
Answer:
$144,375
Explanation:
Excess depreciation on gain on sale of asset = [($125,000 - ($150,000 - $70,000)] $80,000) / 8
= ($125,000 - $80,000) / 8
= $45,000 / 8
= $5,625
Consolidated depreciation = $86,000 + $64,000 - $5,625
Consolidated depreciation = $144,375
So, the amount of depreciation expense on the consolidated income statement for 2021 would be $144,375
3. Why accrue an expense?
The Company is working on a new application for recording internal debts across teams. This program can be used to create groups that show all records of debts between the group members. Given the group debt records observed for this team (including the borrower name, lender name, and debt amount), who in the group has the smallest negative balance
Answer:
Creative crops has the smallest negative balance for debt.
Explanation:
Debt is a cheap source of finance but excess debt increase gearing of a company which creates liquidity crisis for a company. The company has secured debts from various companies and to keep track for repayment of debt company has designed an application which shows the records for all debts. The smallest negative balance for debt is creative crops.
Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Identify the correct statement(s) based on the transaction. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
The Company's liabilities will increase by $25,000. ?
The Company's liabilities will decrease by $30,000.
2 Foster Inc.'s assets will decrease by a net amount of $30,000. The Company's liabilities will increase by $30,000. ?
Foster Inc.'s assets will increase by a net amount of $30,000. ?
Foster Inc.'s assets will decrease by a net amount of $25,000.
Answer:
Foster Inc.'s assets will decrease by a net amount of $30,000.
The Company's liabilities will increase by $30,000.
Explanation:
The price of the assert is $5,000 + $30,000 = $35,000
this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000
the amount of the loan = $30,000
this means that the company's liabilities will increase by $30,000
g The following information is from Megabux, Inc.'s annual report for the years ended December 31: 2012 2011 2010 Sales $120,000 $110,000 $100,000 Cost of goods sold 58,000 52,000 46,000 Operating expenses 48,000 44,000 42,000 Interest expense 12,000 9,000 6,000 Net income $ 2,000 $ 5,000 $ 6,000 Refer to the Megabux annual report above. Which of the following describes the trend in the profit margin ratio for the three−year period? A. There is no significant change in the ratio over the three years. B. The ratio is getting worse because expenses are growing faster than sales. C. The ratio is getting worse because Megabux has increased its selling prices. D. The increase in sales each year is more than enough to cover the increase in expenses.
Answer:
B. The ratio is getting worse because expenses are growing faster than sales.
Explanation:
OPERATING EXPENSES-COST TABLE
2012 2011 2010
Operating exp 48,000 44,000 42,000
Interest expense 12,000 9,000 6,000
TOTAL 60,000 53,000 48,000
As can be clearly seen above that operating expenses having been increasing at a very high speed as compared to sales volumes and gross profits hence, leading to a fall in overall profitability.
my brothers name is dookie
Answer:
Cool
Explanation:
16) When Amazon acquired Whole Foods, the brick-and-mortar supermarket, the company was pursuing a ________ strategy.
A) market development
B) product penetration
C) market penetration
D) diversification
Answer:
D
Explanation:
The acquisition of Whole Foods supermarket by Amazon Company is describing the company's diversification strategy.
Option D is the correct answer.
What is marketing?Marketing is the process of making the promotion of goods or services made by a company. it can be an online promotion or offline promotion.
Diversification is a marketing strategy where a company wants to expand its operations or launch a new product line. The main focus is to enhance and expand its business so that it can increase its business growth.
Therefore, Amazon uses a diversification strategy by acquiring the Wholefoods.
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Chapter 5 Activity Based Costing Licensed Gear Co. manufactures and sells college athletic fan gear and uses activity-based costing for overhead costs. Licensed Gear Co. supplied the following financial information concerning its overhead costs and the activity based costing system in 2020: Overhead costs: Distribution of resource consumption: The amount of activity for the year is as follows: How much OVERHEAD cost would be allocated to Cyclone Tailgaters, a customer who initiated 20 orders and 5 custom designs in 2020
Question Completion:
Overhead costs:
Wages & salaries $ 925,000
Factory depreciation 125,000
Marketing department expenses 330,000
Total $ 1,380,000
Distribution of resource consumption:
Activity Cost Pools
Customer Product Others Total
Orders Designs
Wages & salaries 42% 46% 12% 100%
Factory depreciation 53% 33% 14% 100%
Marketing
department expenses 41% 34% 5 100%
The amount of activity for the year is as follows:
Cost Pool Activity
Customer Orders 2,125 Orders
Product Designs 325 Designs
Answer:
Licensed Gear Co.
The Overhead cost allocated to Cyclone Tailgaters is:
= $15,475.70
Explanation:
a) Data and Calculations:
Distribution of resource consumption:
Activity Cost Pools
Customer Product Others Total
Orders Designs
Wages & salaries 42% 46% 12% 100%
Factory depreciation 53% 33% 14% 100%
Marketing
department expenses 41% 54% 5 100%
Activity Cost Pools: Wages Factory Marketing Total
& salaries Dept. Dept.
Customer orders $388,500 $66,250 $135,300 $590,050
Product Designs 425,500 41,250 178,200 644,950
Others 111,000 17,500 16,500 145,000
Total $925,000 $125,000 $330,000 $1,380,000
Overhead rates: Amount Activity Overhead Rates
Customer orders $590,050 2,125 Orders $277.67
Product Designs $644,950 325 Designs $1,984.46
Cyclone Tailgaters Activity Overhead Rate Allocated Overhead
Customer orders 20 $277.67 $5,553.40
Product designs 5 $1,984.46 $9,922.30
Total overhead costs allocated to Cyclone $15,475.70
Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the local offices in their home states from Comprehensive Financial Stockbrokers, Inc. Comprehensive is incorporated in Maryland with its principal place of business in Minnesota. Jack and Sandy feel they were a victim of fraud perpetrated by Comprehensive and would like to sue. These two cases deal only with state issues. Discuss the accuracy of the following statements:
a. Thomas is able to sue Comprehensive in a Minnesota state trial court. Please explain.
b. Thomas can sue Comprehensive in a federal district court in Minnesota. Please explain.
c. Silver can sue Comprehensive in an Oklahoma federal district court. Please explain.
Answer:
Follows are the responses to the given points:
Explanation:
In point a:
Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.
In point b:
Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.
In point c:
Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.
The nature of B2B markets requires ________. Multiple Choice impersonal communication at regular intervals through mediums such as direct mail investment of more resources primarily on service sectors organizations to invest more on consumers than suppliers to maintain their business a more personal relationship between the buyer and seller than in B2C markets companies to focus primarily on selling products that end up as components for finished goods
Answer:
a more personal relationship between the buyer and seller than in B2C markets.
Explanation:
B2B markets stand for business to business markets where products are advertised between businesses.
On the other hand B2C is where businesses advertise to customers.
B2B tends to be more complex because they are higher value transactions involved. Buyers want to be very sure of benefits they can gain before making a purchase.
As such it involves a more personal relationship between the buyer and seller than in B2C markets.
