Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
The scenerio that can be considered as an effects which makes Sole Sister Shoe Store to choose selling of dress shoes over sneakers is because of;
High school athletes stop shopping there.The inventory of sports socks goes unsold.The reason for this is that the the Sister Shoe Store discover that those schools are not buying sneakers and sport socks like before, and the only way to make her business to move is to adopt another product which is dress.
What is an inventory?Inventory can be regarded as goods as well as merchandise, and materials that the business hold to sell in the market to earn a profit.
In this business the profit is been shared alone, therefore, A and B are correct.
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There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:
A. 3.
B. 5.
C. 9.
D. 16.
E. 25.
Answer:
There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:
C. 9.
Explanation:
The implication is that the standard deviation of the critical path is the sum of the standard deviations of the four activities on the critical path. This sums to 9 days (1 + 2 + 4 + 2), implying that the critical path varies from the mean days of critical path activities by 9 days plus or minus.
Society refers to a(n):
a. environment that does not mention acceptable standard of good and bad behavior.
b. closed, confined unit in which people have to follow a distinct religion.
c. group of individuals who share similar psychological order and community resources.
d. structured community of people bound together by similar traditions and customs.
Answer:
d. structured community of people bound together by similar traditions and customs.
Explanation:
Remember, the term society often refers to a structured community sharing traditions or customs together not just any group of individuals without cultural connections.
For example, we often hear of Western societies, Asian societies, African societies, etc because they all consist of people young and old who may have different religions but are yet bound together as they have similar traditions and customs, which makes them a Society.
Cerezo Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:
Activity Cost Pools Activity Rate
Assembling products $2.86 per assembly hour
Processing customer orders $48 .23 per customer order
Setting up batches $76.23 per batch
Data for one of the company's products follow:
Product Q79P
Number of assembly hours 252
Number Of customer orders 42
Number OE batches 68
How much overhead cost would be assigned to Product Q79P using the activity-based costing system?
Answer:
the overhead cost assigned is $7,930.02
Explanation:
The computation of the overhead cost assigned to Product Q79P is shown below:
= (Number of assembly hours × Activity rate per assembly hour) + (Number of customer orders × Activity rate per customer order) + (Number of batches × Activity rate per batch)
= (252 × $2.86) + (42 × $48.23) + (68 × $76.23)
= $720.72 + $2,025.66 + $5,183.64
= $7,930.02
hence, the overhead cost assigned is $7,930.02
is the creation of real or perceived differences in goods or services.
Answer:product differentiation
Explanation:
A corporate bond has an annual coupon rate of 7.5% and pays interest annually. The face value is $1,000 and the current market price is $1,108.15. The bond matures in 14 years. What is the yield to maturity?
a. 6.31%
b. 7.82%
c. 8.00%
d. 8.04%
e. 8.12%
Answer:
the correct option is a. 6.31%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Present Value = $1,108.15
NPER = 14
Future Value = $1,000
PMT = $1,000 × 7.5%
Now the formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
= 6.31%
hence, the yield to maturity is 6.31%
Hence, the correct option is a. 6.31%
All other options are wrong
All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It is setting limits and restrictions on your money and does not do anything else. C. It helps keep track of your money so you know where it is going. D. It helps you save for both short-term and long-term financial goals.
Answer:
Ithink B
Explanation:
but I'm not sure
Answer:
b
Explanation:
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver them.
A. Rack jobbers
B. Catalog wholesalers
C. Drop-shippers
D. Truck wholesalers
E. Cash-and-carry wholesalers
Answer:
Option C (Drop-shippers) is the correct choice.
Explanation:
Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly. The products are owned by Drop shippers but they have never handled or executed them.Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
____ are the goods and materials available for sale at the beginning of a period.
Raw materials
Ending inventory
Cost of goods sold
Beginning inventory
Answer:
Beginning inventory
Explanation:
Beginning inventory refers to the finished goods that are still in the business premises at the beginning of a fiscal year. They represent the finished products that the business was not able to sell in the past period. Beginning inventory becomes part of the inventory to be sold in the current year.
Other terms that describe beginning inventory are opening inventory, opening stock, and balance brought forward.
Answer:
D- Beginning inventory
Explanation:
what tax event must take place when a taxpayer receives a Form 1099-A?
If one Swiss franc (CHF) can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy
Answer: CHF 1.18 Swiss Franc
Explanation:
If one Swiss franc (CHF) can purchase $0.85, this means that the Swiss franc is weaker than the dollar as it can only buy less than 1 dollar per Swiss franc.
If one Swiss Franc is to $0.85, one $1 will be;
= 1/0.85
= 1.18 Swiss Franc
Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
Price of the Bond = $935.63
Explanation:
N = 15 x 2 = 30
I/Y = 7.0%/2 = 3.5%
PMT = 6.3% x 1000 / 2 = 31.5
FV = 1000
Using the Ms Excel Function
Price of the Bond = PV(N, I/Y), PMT, FV)
Price of the Bond = PV(30, 3.5%, 31.5, 1000)
Price of the Bond = $935.6278411
Price of the Bond = $935.63
QUESTION 4 of 10: Your union goes on strike. You lose $15,000 in wages from a $65,000 per year job as a result of not working during the strike. The strike concluded with a new contract providing a 5% wage increase for the next five years. This resulted in $18,000 in additional Income over five years. What was the net gain or loss for the employee?
Answer: increase by 3000 dollars
Explanation:
18000-15000= 3000 gained
The net gain for the employee is $3,000 gain
Using this formula
Net gain or loss =(Loses in wages)+Additional Income
Where:
Loses in wages=-$15,000
Additional Income=$18,000
Let plug in the formula
Net gain or loss=-$15,000 +$18,000
Net gain or loss=$3,000 gain
Inconclusion The net gain for the employee is $3,000 gain.
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When each additional worker hired contributes less than the previous worker hired to total output, we can say there are (is):_______
a. falling average productivity
b. diminishing marginal utility
c. diminishing average returns
d. diminishing marginal returns
Answer:
d. diminishing marginal returns
Explanation:
The diminishing marginal returns refer to a reduction in the marginal output where the value of the single factor would be rises keeping all other production factors the same or constant
Since in the question it is mentioned that for each extra worker hired that contributes would be lesser than the earlier worker hired
So this represents the diminishing marginal returns
hence, the option d is correct
Now that you know about the different types of bank accounts, relate this information to your chosen career path. Write a paragraph explaining the type(s) of bank accounts that you would need in order to save enough money for college or training for your career. Your answer should address the following questions:
Do you already have a bank account? If so, which type(s), and how do you use them? If not, then how could you go about opening a bank account of your own?
After learning about the different types of bank accounts, which one do you think offers the best options for saving money for college, daily living expenses, and an emergency fund?
Define a bounced check, or a check returned for insufficient funds. Explain a circumstance in which someone might bounce a check (give an example), and create and discuss a plan so that this does not happen to you.
Answer:
I pay for my expenses using either my debit card or cash that I withdraw from the ATM. It is very rare that I write a check to pay for my purchases. If there is an emergency situation, I withdraw money from one of my certificates of deposit.
I want to be a physicist, and I plan to earn a graduate degree in physics from Harvard University. I don’t have enough money saved up to pay for my tuition, even though I have two certificates of deposit accounts and one savings account. This means that I will probably have to take a student loan from my bank. However, I do have sufficient money in my checking account to pay for my daily expenses.
A bounced check is a check that a person has written but cannot pay for due to insufficient funds. For example, a person might send a check for a credit card bill but the person’s bank account may not have sufficient balance to pay this amount. To avoid check bouncing, I’ll always try and remember a rough figure of the money in my account. Additionally, wherever possible, I will pay my bill either in cash or by debit card.
Explanation:
PLATO sample answer
A bank monetary base account is managed by a bank or other financial institution wherein the bank records financial transactions with customers.
Bank Account:We pay for all our purchases with a debit card or cash from an ATM. I rarely pay for things with a check. I can take money out of one of my certificates of deposit because I need it in an emergency.
We want to be a physicist and plan to study physics at Harvard University. Although I have two savings deposits and one savings account, I may not have enough money set aside to pay for my tuition. As a result, I'll most likely need to borrow money from my bank for a student loan. My term deposit, on the other hand, has enough cash to cover our everyday needs.The bounced check has been written but cannot be paid because of a lack of money. The person may, for example, submit an account to cover a credit card debt, yet his or her bank account may not have adequate funds to cover the payment. I'll try to remember a rough figure of the money in my account to avoid checks bouncing.I'll also pay my share in cash or through a debit card whenever feasible.Find out more about the bank account here:
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From the following list of balances, prepare a Trial Balance : (6)
Particulars
Rs
Capital A/c
200,000
Debtors A/c
30,000
Fixed Assets A/c
192,000
Sales A/c
110,000
Return Outward A/c
1,000
Bills Payable A/c
8,000
Bank Overdraft A/c
11,000
Opening Stock A/c
15,000
Creditors A/c
30,000
Purchases A/c
70,000
Return Inwards A/c
2,000
Wages and Salaries A/c
30,000
Bills Receivable A/c
15,000
Rent A/c
90Explanation:90
xzvxxcb cx
Common fixed expenses have been allocated equally to each of the two divisions. Carter's segment margin for the West Division is:
Answer: B. $132,000
Explanation:
When calculating the Segment margin, it is important to note that only costs that are directly traceable to the segment are to be deducted from the revenue.
The segment margin therefore is;
= Sales revenue - Variable costs - Direct fixed costs
= (50,000 * 10) - (50,000 * 6) - 68,000
= 500,000 - 300,000 - 68,000
= $132,000
A 3,000 square foot office space is leased for $17.00 per square foot. The space is vacant one month out of the year. Expenses total $22,500 for the year but an expense stop is in place that passes $4,500 of these expenses onto the tenant. What is the landlord's Net Operating Income
Answer: $28,750
Explanation:
Landlord's Operating income = Revenue - Expenses
Revenue
= 3,000 * 17 * 11/12 months
= $46,750
Expenses
Expense stop passes $4,500 to tenant so;
= 22,500 - 4,500
= $18,000
Operating income = 46,750 - 18,000
= $28,750
Globalization forces small businesses to compete worldwide. The result of globalization is that operation manager (OM) or owner must do which of the following to stay competitive:
Answer:
- Making sure the cost of their asset management is as low as possible
- Maximize their product delivery
- Making sure that their price of operation is efficient
- making sure price of their product is competitive
Explanation:
Due to globalization, businesses are forced to compete on foreign markets that they might not be familiar with. In such situations, lowering cost of production while maintaining the quality of their products is the best thing that they can do to maintain a healthy profit margin. This can be done by lowering the cost that they need to make maintenance of their assets and minimizing the cost they need to acquire materials.
On top of lowering cost of production, they also need to provide better services and reasonable price range for the costumers. They need to put a good customer service call along with on time delivery to keep customers happy.
A free enterprise system relies on entrepreneurs to:
A.
decide on fair pricing for consumer goods.
B.
settle disputes between competing businesses.
C.
take risks when starting new businesses.
D.
regulate companies in important industries.
A free enterprise system relies on entrepreneurs to regulate companies in important industries. That is, in a free enterprise system, entrepreneurs have the right to establish private properties with less state control.
Free enterprise encourages economic growth through the possibility of profitability through private property, with companies themselves being responsible for establishing rules and guidelines, following current legislation, but with less intervention.
Business risks are also assumed by entrepreneurs, prices are determined by the law of supply and demand and competition is free.
Therefore, in a free enterprise system, entrepreneurs have the ability to regulate companies in important sectors, contributing to a country's economic growth, investment and industrialization.
The correct answer is letter D.
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Answer:
C. take risks when starting new businesses
Explanation: the other person is wrong
Frankini has a coffee shop business he opened in the small country of Timpopo. After paying for his business license he opened the shop. Business has be increasing, but he is continually squeezed by corrupt policemen wanting bribes for protection and greedy politicians continually making new rules to extract more money from his business. Frankini’s business environment is not really supportive. What would make business in Timpopo better?
a. More international trade unions.
b. Government programs to assist the poor and needy.
c. A set of effective laws and adequate protection under those laws.
Answer: c. A set of effective laws and adequate protection under those laws.
Explanation:
Out of the options given in the question, the option that'll make business in Timpopo better is a set of effective laws and adequate protection under those laws. The set of effective laws and adequate protection would be vital in order to curb corruption in the country.
When these are out in place, the atrocities commuter by both the policemen and the greedy politicians will be curbed and this will bring about a supportive business environment.
Suppose you bought two pieces of land for $100,000 each, the first piece has permanently appreciated in value and is now worth $120,000, while the second piece has permanently reduced in value to $75,000. Applying conservatism and the historical cost principles, how would you account for the change in value of the two pieces of land?
a. I would leave both pieces of land at $100,000 each on the books.
b. I would leave the first piece of land at $100,000 and write the second down to $75,000.
c. I would write up the first piece of land to $120,000 and the second down to $75,000.
d. I would write the first piece of land up to $120,000, and leave the second piece of land at $100,000.
Answer:
Option B
Explanation:
Applying conservatism and the historical cost principles, we would you account for the change in the value of the two pieces of land as leave the first piece of land at $100,000 and write the second down to $75,000 because conservatism and historical cost principles suggest us to anticipate and record the future losses rather than future gains.
Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day seminar related to changes related to tax law. She incurred the following expenses: Lodging - $400 Meals - $95 Registration - $350 Transportation - $150 How much can Kelly deduct
Answer: $947.50
Explanation:
The amount that Kelly can deduct will be calculated as:
Lodging = $400
Add: Meals at 50% = $95/2 = $47.50
Add: Registration = $350
Add: Transportation = $150
Total deductions = $947.50
What visual communication standard is not explicitly called out in the seven principles of business communication?
Answer:
persuasive
Explanation:
Principles of business communication are the principle that can be followed to have a successful business and to experience effective communication as far as business is concerned. Some of the principles are; Clarity, objectivity, consiceness, relevancy, consistency as well as audience acknowledge.
It should be noted that persuasive is the visual communication standard which is not explicitly called out in the seven principles of business communication. Persuasive which is regarded as the presentation of argument in order to change or motivate the audience though is a tool on its own.
What are the four pathways in the Hospitality and Tourism career cluster?
O Teaching and Education
O Luggage, Laundry, and
Personal Organization
O Recreation, Amusements, and Attractions
O Restaurant and Food/Beverage Services
O Cleaning and Supervision
O Travel and Tourism
O Lodging
O Farming and Food Cultivation
Recreation, Amusements, and Attractions, Restaurant and Food/Beverage Services, Travel and Tourism and Lodging are the four pathways in the Hospitality and Tourism career cluster. Hence, option C, D, F and D are correct.
What is Hospitality and Tourism?The hospitality and tourism sector is a sizable one that encompasses all commercial pursuits that either directly or indirectly support or are supported by travel and tourism. Hotels & Resorts are included in this industry segment. eateries and catering. Bars and nightclubs.
The hospitality sector is large and can be divided into various subsectors. Food and beverage, lodging, travel and tourism, and entertainment and recreation make up the top four industries.
A career in hospitality management is a great fit for those who like to travel, interact with a variety of people, and inject some daily excitement. Work anywhere in the world is possible with a career in hospitality.
Thus, option C, D, F and D are correct.
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Answer:
3) Recreation, Amusements, and Attractions
4) Restaurant and Food/Beverage Services
6) Travel and Tourism
7) Lodging
Explanation:
just did the assignment
Q5. You are launching the Pakistani street food cafe. Identify the marketing mix (four p’s) -
Answer and Explanation:
According to the given scneario, the identification of the marketing mix i.e. four p's are product, price, place and the promotion
1. Product: The product is food cafe. The main thing about the food is the taste, how it looks. The product should be attractive, full of taste.
2. Price: The price of the food for each type of product should be reasonable so that everyone could afford it. Also the price is depend upon the competitor price
3. Place: The place should be very attractful so that many customers could be come. It could be in river side or lake view. Also if the cafe provides the home delivery without any charges this things would attract most of the customers
4. Promotion: The promotion of the food cafe could be done in social sites, radios, newspaper so that the public at large could know about it
Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:
Product Cost Sales Price
A $40 $60
B 80 100
C 40 80
D 100 130
E 20 30
A) Selling costs include a sales commission equal to 20% of selling price and shipping costs equal 10% of cost. What per unit value should Royal Decking use for each of its products when applying LCNRV?
B) If Royal has 1,000 units of each product, what should total inventory be on the balance sheet if the company applies LCNRV at the product level?
Answer:
Royal Decking
A) Per unit value for each of Royal Decking's products, applying LCNRV:
Product Cost Sales Price NRV LCNRV
A $40 $60 $44 ($60 - 12 - 4) $40
B 80 100 $72 ($100 - 20 - 8) $72
C 40 80 $60 ($80 - 16 - 4) $40
D 100 130 $84 ($130 - 26 - 10) $84
E 20 30 $22 ($30 - 6 - 2) $20
B. Total Inventory on the balance sheet is:
$256,000
Explanation:
a) Data and Calculations:
Ending Inventory at December 31, 2021:
Product Cost Sales Price NRV LCNRV Inventory value
A $40 $60 $44 ($60 - 12 - 4) $40 $40,000
B 80 100 $72 ($100 - 20 - 8) $72 $72,000
C 40 80 $60 ($80 - 16 - 4) $40 $40,000
D 100 130 $84 ($130 - 26 - 10) $84 $84,000
E 20 30 $22 ($30 - 6 - 2) $20 $20,000
Total inventory value $256 $256,000
= ($256 * 1,000)
Selling costs = 20% of selling price
Shipping costs = 10% of cost
Answer:
Explanation:
To get the NRV we should proceed with this formula.
Selling price ($60)x(20%) = 12.
60-12 = 48
Cost ($40)x(10%) = 4.
40-4 = 36
Then we do this.
48 + 36 = 84
Then we subtract this number from the original cost number.
84 - 40 = 44
So the NRV of A is 44.
I am not a professor but this is the way I can teach and using this method I got my question correctly. Do the rest yourself following this example.
What is the maximum that should be invested in a project at time zero if the inflows are estimated at $50,000 annually for 3 years, and the cost of capital is 9%?
Answer:
the maximum amount is $126,564.73
Explanation:
The computation of the maximum amount that should be invested at time zero is shown below:
The Present value of the annuity is
= Annuity × [1 - (1 + interest rate)^-time period] ÷ rate
= $50,000 × [1 - (1.09)^-3] ÷ 0.09
= $50,000 × 2.531294666
= $126,564.73
hence, the maximum amount is $126,564.73
We simply applied the above formula so that the correct value could come
And, the same is to be considered
It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
The effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Explanation:
This can be determined as follows:
Number of units offer to purchase by a buyer = 2,500
Price offered per unit by the buyer = $21.90
Variable cost per unit = $20.90
Allocated fixed costs per unit = $1.90
Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80
Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90
Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250
Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.
A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units.
Required:
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
Answer:
$375
Explanation:
October 1: 42 units at $13 = $546
October 5: 27 units at $14 = $378
October 12: 37 units at $15 = $555
total = $1,479
October 15: 81 units sold
Cost of goods sold under FIFO:
42 units at $14 = $546
27 units at $14 = $378
12 units at $15 = $180
total = $1,104
inventory on October 15 after sale = $1,479 - $1,104 = $375
