2,000 children will receive presents with a budget of $76,000 when the annual costs of this activity are $36,000, plus $20 per present.
annual costs = $36,000, plus $20 per present
let the number of presents be y
Total budget = $76,000
$76,000 = $36,000 + $20y
$76,000 - $36,000 = $20y
$20,000 = $20y
y= $20,000/ $20
y= 2,000
number of presents= number of children
number of children = 2,000
2,000 children will receive presents.
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sadhana smiles, the management expert interviewed in this video, identifies several aspects of employee disengagement, including arriving late, leaving early, pessimism, and negativity. all of these are examples of:
All the elements are examples of Counterproductive behaviors
Employee conduct that is contrary to the organization's legitimate interests is referred to as counterproductive behaviour. Theft or fraud, pessimism, sexual harassment, work bullying, absenteeism, drug usage, violence at work, and sabotage are the examples of this behavior. These actions may hurt businesses or the individuals who work there, such as clients, customers, and employees.
In the given statement, Sadhna was smiling during the interview. Further, the management expert also identified late coming, pessimism, and leaving early which all account for Counterproductive behaviors
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purchasing-power parity theory does not hold at all times because a. the same goods produced in different countries are perfect substitutes for each other. b. many goods are not easily transported and the same goods produced in different countries may be imperfect substitutes. c. prices are different across countries. d. consumer preferences are different across countries.
When there are transportation costs, trade barriers (like tariffs), price differences for non-tradable inputs (like rental space), incomplete information about the state of the market, and when other Forex market participants, like investors, there will be insufficient Purchasing Power Parity (PPP) between the countries.
What is Purchasing power parity?PPPs are, in their most basic form, just price relatives that display the ratio of the costs of the same commodity or service in various national currencies. Additionally, PPPs are calculated for product categories and all levels of aggregation up to and including GDP.
A common statistic used by macroeconomic analysts to compare the currencies of various nations using a "basket of goods" methodology is purchasing power parity (PPP). Economic productivity and living standards can be compared between nations thanks to purchasing power parity (PPP).
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Equipment costing $20,000 with $17,800 of accumulated depreciation is sold for $2,500 cash. The journal entry will involve a ________.
A capital asset's net book value is decreased by accumulated depreciation, which is listed under the long-term assets portion of a balance sheet. The journal entry involve a credit portion
Explain about the Accumulated depreciation?
Accumulated depreciation is the cumulative amount of depreciation that has been applied to an asset up to a specific point. Each period's depreciation expense adds to the starting cumulative depreciation amount.
The running total of depreciation that has been charged against the value of an asset is known as accumulated depreciation. On the balance sheet, fixed assets are shown as a debit, and accumulated depreciation is shown as a credit, offsetting the asset.
Accumulated depreciation is accounted for as a credit throughout the course of the asset's useful life. Accumulated depreciation is recorded as a debit against the asset's credit value when it is sold or retired. It has no effect on net income.
17800 x 1/20000 x 2500
=2225 Accumulated depreciation
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what were the goals of taylor's scientific management? benefit the worker benefit the firm increase focus on human factors increase worker productivity
The goals of Taylor's scientific management were to increase worker productivity.
What is Taylor's Scientific Management?It was an approach developed in the 19th and 20th century on the application of a methodology based on scientific, to guarantee greater structuring and organization to the administration, through standardization, rationalization of work and operational efficiency.
The focus of the administrative current proposed by Taylor was to increase the productivity of employees and profitability of organizations through the maximum and structured use of organizational resources.
Therefore, scientific management focused on the company and not on the employees, the focus was on the development of work through effective methods to reduce time, waste and costs through a focus on increasing productivity.
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which statement below is most true? projects ensure the right projects are done. project management, projects, programs, and portfolios are in place to support the strategic business goals of the organization. projects, programs, and portfolios are responsible for outputs and deliverables. portfolio managers ensure the program components are delivered in a coordinated and complimentary manner.
Project management, programs, and portfolios are in place to support the strategic business goals of the organization is the most true statement.
The best way to explain the connection between project management, program, and portfolio management is as follows: A project is a brief undertaking made by a business or organization A program is a collection of projects that are linked or comparable to one another and are frequently handled and directed collectively rather than separately. A portfolio is a collection of various initiatives and/or projects carried out by the same company, whether or not they are related to one another.
It is crucial for project management, and portfolio managers within an organization to comprehend one another's contributions to the accomplishment of a strategic goal in order to be effective. Without this comprehension, there can be unneeded uncertainty and misunderstandings that could cause an initiative to fail before it even gets off the ground.
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the rate at which one currency is converted into another is multiple choice the exchange rate. the carry trade rate. the conversion rate. the currency swap. currency speculation.
The exchange rate is the price at which one currency is transformed into another. Carry trade refers to the idea of borrowing money in a currency with low interest rates and investing the money in a currency with high interest rates.
What is the name of the ratio used to convert one currency to another?
Conversion rate : The rate at which one currency will be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.A currency's relative value expressed in terms of another currency is called an exchange rate (or group of currencies).Suppose you want to convert $100 in U.S. dollars into euros at the current EUR/USD exchange rate of 1.20. Just multiply $100 by 1.20. The amount of euros as a result is 83.33. Reversing that technique is required to convert euros to dollars: multiply the number of euros by 1.20 to get the number of dollars.The cross rate is the rate at which two currencies are being exchanged for one another when measured against one another's currencies. A cross rate is the exchange rate between two currencies stated in a third, distinct currency, such as the yuan to euro exchange rate.To Learn more About exchange rate refer to:
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________ occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products, resulting in more effective inventory replenishment.
Vendor Managed Inventory occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products, resulting in more effective inventory replenishment.
Vendor-managed inventory is an approach to inventory control where a provider of the product, typically the manufacturer, is in charge of making the most of the stock that a distributor has on hand. A retailer determines the order size on its own in traditional inventory management.
Vendor Managed Inventory aims to create a win-win situation where both parties may more precisely and smoothly manage the flow and availability of commodities. In VMI, a manufacturer or distributor takes on the responsibility of planning the customer's inventory.
One common name that often comes up when discussing organizations and enterprises employing vendor-managed inventory systems is Walmart. The company has a VMI system in place which ensures that its vendors and suppliers are accountable for maintaining their inventory in the designated warehouse owned by Walmart.
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the integration of the marketing mix with efforts to influence consumer demand is known as . multiple choice question. internal marketing capacity management interaction management customer experience management
The integration of the marketing mix with efforts to influence consumer demand is known as: B. capacity management.
What is a marketing mix?A marketing mix simply refers to the choices about product attributes, communication strategy or promotion, place or distribution strategy, and pricing strategy that a business organization (company or firm) offer to its targeted markets.
The four (4) Ps of marketing mix.This ultimately implies that, a marketing mix is primarily made up of four (4) Ps and these include the following;
Products (P).Price (P).Place (P).Promotions (P).In Economics, capacity management simply refers to a terminology which is typically used to describe an integration of the marketing mix with efforts by a business organization (company or firm) in order to influence consumer demand of its products.
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3m co. is a us-based mnc with net cash inflows of british pounds and net cash inflows of swiss francs. the 2 currencies are highly positively correlated. antrax co. is a us-based mnc that has the same level of net cash flows in these currencies as 3m co. except that its british pounds represent net cash outflows. which mnc is more exposed to exchange rate risk? a. 3m co. b. antrax co. c. the two firms have similar exposure.
An MNC with a US base called Diz Co. has net cash inflows of both Swiss francs and British pounds.
The United Kingdom and nine of its dependent territories use the sterling (stg; ISO code: GBP) as their official currency. The primary unit of sterling is the pound (sign: £), which is often used to refer to all British money.
The pound is also known as the British pound or the pound sterling in foreign contexts. The oldest currency that has been continuously used since its creation is sterling, which was first used in 1494. It is now traded on the foreign exchange market in fourth place, behind the US dollar, the euro, and the Japanese yen. It makes up the currency basket used to determine the value of IMF special drawing rights, together with the other three currencies and the renminbi.
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puppy palace uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. during march, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,980 tenant-days. the kennel has provided the following data concerning the formulas used in its budgeting and its actual results for march: data used in budgeting: fixed element per month variable element per tenant-day revenue $ 0 $ 29.50 wages and salaries $ 2,000 $ 5.50 food and supplies 200 10.30 facility expenses 7,000 2.50 administrative expenses 6,800 0.30 total expenses $ 16,000 $ 18.60 actual results for march: revenue $ 106,530 wages and salaries $ 23,400 food and supplies $ 36,780 facility expenses $ 19,150 administrative expenses $ 9,120 the net operating income in the flexible budget for march would be closest to:
During March, the Flexible Budget's net operating profit will be $10,320.
What is flexible budget?
A flexible budget is one that adapts to a company's activity or volume levels. A flexible budget, as opposed to a static budget, that does not fluctuate from of the amounts set when the budget was produced, continuously "flexes" with such a business's variations of costs. This budgeting method frequently involves variable rates per units instead of a fixed amount, allowing a corporation to predict prospective increases or drops in monetary needs.
This budget is frequently based on fluctuations in a firm's actual income and employs percentages of sales rather than fixed numbers. A flexible budget, for example, may designate 25% of an income statement to salaries rather than $100,000 to salary inside a given year.
A flexible budget is one that is based on actual data, such as actual quantity saved and actual cost spent based on real output. Variable costs change as output changes, but fixed costs remain constant.
As a result, in the case of Puppy Palace, the Actual Activity level was 5,320 Tenant Days.
As a result, the Flexible Fund will be calculated using the Actual Level Of activity of 5,320 Tenant Days.
As a result, Net Operating Profit Using a Flexible Budget would be computed as follows:
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taxable equivalent yield what's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.4 percent for an investor in the 35 percent marginal tax bracket? note: round your answer to 2 decimal places. multiple choice 1.54% 6.77% 12.57% 4.40%
6.77% is the taxable equivalent yield on a municipal bond with a yield to maturity of 4.4 percent for an investor in the 35 percent marginal tax bracket.
Municipal bonds are tax exempt, thus the after-tax yield is the same as the pre-tax yield, which is 4.4%.
Given a 35% tax rate, the taxable equivalent yield is such that: taxable equivalent yield *(1 - 35%) = 4.4% taxable equivalent yield = 6.77%.
The tax-equivalent yield is the pretax yield required for a taxable bond's yield to be equivalent to that of a tax-free municipal bond.
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the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is blank . multiple choice question. 35% 100% 29% 71%
The Cutting Edge sells ice skates. Total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. The variable expense ratio is 29%.
What is the variable expense ratio?Generally, A company's variable expenditures are expressed as a percentage of its total sales in the variable expense ratio.
To get the variable expenditure ratio for a firm, just take the entire variable costs for the company and divide that number by the company's total net sales. Simply multiplying the value by 100 will allow you to describe it as a percentage.
To get the variable expenditure ratio for a firm, just take the entire variable costs for the company and divide that number by the company's total net sales. Simply multiplying the value by 100 will allow you to describe it as a percentage.
Therefore
The variable expense ratio = $245,050/ 845,000
The variable expense ratio = 0.29
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a company purchased a computer system at a cost of $30,000. the estimated useful life is 6 years, and the estimated residual value is $9,000. assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year?
The depreciation expense using double -declining method of computer who have life of 6 years is $9,702.
Given information,
Cost of asset = $30,000
Time period = 6 years
Residual value = $9,000
Rate of depreciation = 1/ useful life*100
= 1/6*100
= 16.67%
Depreciation using double -declining method = 2* cost of asset*
*Depreciation rate
Depreciation value = 2*$30,000* 16.17% = 9,702
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
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the turkish lira lost about 40 percent of its value against the u.s. dollar in the first part of 2018. which type of exchange rate system does turkey follow? multiple choice currency board gold standard fixed floating pegged
The Turkish lira lost about 40 percent of its value against the US dollar in the first part of 2018. Turkey follows floating exchange rate system. With a floating exchange rate, the price is determined by speculation, supply and demand, and other market factors.
Following the 2001 financial crisis, Turkey implemented a floating exchange rate system in which prices are based on market forces such as supply and demand. A country's currency price is decided by the foreign exchange market based on the relative supply and demand of other currencies in a floating exchange rate system. In contrast to a fixed exchange rate, a floating exchange rate is not constrained by trade restrictions or governmental oversight.
Because of floating exchange rate structures, shifts in long-term currency values reflect relative economic strength and variations in interest rates across nations. Disasters, speculative events, and the daily supply and demand of the currency are all represented by changes in the short-term floating exchange rate.
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a company has declared a dividend of $6.75 per share on its stock. capital gains are not taxed. suppose the irs has issued a new regulation that requires taxes of 25 percent be withheld at the time the dividend is paid. the stock currently sells for $106.15 per share. what will the ex-dividend price be?
The ex-dividend price of the share will be $101.09
A dividend is a gift that a business delivers to its shareholders, whether it be cash or something else. Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a corporation determines its dividend, and shareholders must approve it.
Dividend per share = $6.75
Tax percentage = 25%
The selling price of the stock = $106.15
After-tax dividend amount:
= 6.75(1 - 0.25) = 5.06
The stock price will drop by the aftertax dividend amount:
Ex-dividend price = Selling price - After tax dividend amount
= 106.15 - 5.06
= 101.09
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During what stage of the new-product development process does a marketer develop a prototype for alpha or beta testing?.
During marketing testing stage of the new-product development process does a marketer develop a prototype for alpha or beta testing.
Definition of market testingMarket testing describes research that can help maketers understand how well a particular product is performing, given a specific market location or audience.
While similar to product testing, market testing focuses on how a product can perform in a market environment rather than on the structure or effectiveness of the product itself. Companies can hire market testing professionals to help launch new products or to analyze and adjust marketing strategies for existing products.
Strategy type of market testingThere are various market testing strategies that researchers can use to learn about a product. Some specific types of market testing include:
1. Focus groups
To create a focus group, marketers gather a small group of people to discuss certain aspects of a product, service, or marketing to gain insight and make improvements based on their feedback.
Researchers can create focus groups at random or by selecting certain types of individuals to represent customers.
2. A/B testing
Also known as split testing, A/B testing involves comparing two versions of the same product or advertising strategy to learn which is more effective for the target audience.
3. Small-scale product launch
Also known as a regional rollout, this type of market testing involves launching a product into a selected test market in a specific city or region to see how they react.
Researchers can then use the feedback they receive to improve a product or marketing plan before attempting a wider launch.
4. Eye track testing
Eye track testing can help researchers understand where a person is looking when viewing a website page or advertisement. This can help them learn which visual ad elements are getting the most attention so they can use them more often.
5. Incrementality testing
To perform incrementality testing, the advertiser creates a group of test subjects and a group of control subjects. They then showed the test subjects' ads and compared the conversion rates for the test group with the control group to learn about the effectiveness of the advertising campaigns.
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which two challenges are most commonly reported by inventors and engineers of global health solutions? group of answer choices financing intellectual property rights distribution channels manufacturing partners
Distribution channels and financing are two challenges that are most commonly reported by inventors and engineers of global health solutions.
What is a Distribution channel?A distribution channel is a network of firms or middlemen that a commodity or service travels through before reaching the final consumer or buyer. Wholesalers, merchants, distributors, and even the internet are examples of distribution channels.
The downstream process, which addresses the issue of "How do we get our product to the consumer," includes distribution networks. As opposed to this, the upstream procedure, also referred to as the supply chain, provides an answer to the query "Who are our suppliers?"
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internal growth rate last year umbrellas unlimited corporation had an roa of 9.6% and a dividend payout ratio of 50.4%. what is the internal growth rate? multiple choice 2.13% 1% 92.16% 5%
The internal growth rate is 5%. IGR is calculated as the Net Income rate Retained Earnings and the Net Income Total Assets. The Retention Ratio ROA = IGR .
The highest rate of growth Income a company can experience without outside funding is known as its internal growth rate (IGR). The sales growth rate that can be supported without external finance is referred to as the internal growth rate. The internal growth rate is significant because it gauges a company's capacity to boost sales and profits without issuing new stock or taking on additional debt, which is particularly crucial for start-ups and smaller enterprises.
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the aggregate expenditures model is built upon which of the following assumptions? multiple choice prices are fully flexible. prices are fixed. the economy is at full employment. government spending policy has no ability to affect the level of output.
The aggregate expenditures model is built upon which of the following assumptions: Prices are fixed.
Keynes developed the aggregate expenditure (AE) model. He assumed that prices are set and rigid. Keynes demonstrated in the model that equilibrium is reached when the whole value of the economy's output equals the aggregate expenditure in the economy. He presupposed that the price level was established for this.
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35. the design for the new electric car has been approved by the board and production is underway, but the vp of manufacturing is nervous about the rate of defective parts from suppliers. see original list screenshot below. he has decided to use the subtotal feature to generate a report that shows subtotals of defects by subassembly name, with a grand total at the end, such as the desired report below. his report, however, looks like the report generated, below. which description would create this?
the inelastic segment of the demand curve part 2 a. is coincident with the vertical axis. b. is coincident with the horizontal axis. c. lies below the midpoint of the curve. d. lies above the midpoint of the curve. . . . question content area right part 1 quantity price midpoint demand
The inelastic segment of the demand curve part 2 lies below the midpoint of the curve.
When the demand for a product doesn't fluctuate as much as the price, this is known as inelastic demand in economics. Inelastic demand is depicted visually by a steep demand curve. The demand for that good or service is less elastic, hence the steeper the curve, the more so. It is said to be totally inelastic if a demand curve is perfectly vertical (up and down). The good is described as "elastic" or "very elastic" if the curve is shallow as opposed to steep. This implies that the amount required will fluctuate significantly with a slight change in the good's price.
Price inelastic demand just indicates that the quantity change is not zero but rather that the quantity change is smaller than the price change in percentage terms. Demand that is price inelastic (as opposed to completely inelastic) nonetheless has a decreasing slope.
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4. what two main types of by-products are produced in fermentation? (note: please change all question marks to checkmarks for correct answers or empty boxes for incorrect answers.)
The two main types of by-products are produced in fermentation are
NAD+. ethanol and carbon dioxideWhat is fermentation?Generally, Fermentation is a kind of metabolic activity that, as a result of the action of enzymes, results in the production of chemical changes in organic substrates.
In the context of biochemistry, it is referred to in a more limited meaning as the process of obtaining energy from carbohydrates in the absence of oxygen. This is because the biochemistry context places greater emphasis on the lack of oxygen.
During the fermentation process, an organic electron acceptor (such as pyruvate or acetaldehyde, for example) will combine with NADH to form NAD+. This reaction will take place.
In conclusion, This reaction also results in the production of byproducts like carbon dioxide and ethanol (in the case of ethanol fermentation) or lactate (in the case of lactic acid fermentation).
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which of the following is not an advantage associated with matrix structures? group of answer choices the company can tackle more complex tasks through teamwork. managers can build large, permanent teams of specialists. employees are more productive when they work on a special project. special projects give employees opportunities for personal and professional development. the group can be disbanded if it is no longer needed.
It is not a benefit of matrix structure that managers may create huge, permanent teams of specialists.
An organization will be referred to as a matrix organization if it uses the matrix structure.
Typically, an organization uses the matrix structure when working on a project. In a matrix organization, the employees simultaneously report to two different managers. The manager who has power as a result of vertical hierarchy is one of the bosses. Due to flat hierarchy, the second boss is the one who has power.
This kind of organization is referred described as having a "matrix" structure as a result of this divided flow of horizontal and vertical authority. The matrix organizational structure combines the project system and the functional system, two distinct types of organizational structures.
The matrix structure equalizes the extremes of the two structures to bring them into equilibrium. If you work as a software engineer for a company, for instance, and that company receives a project that calls for a software engineer, they may decide to hire you rather than a new applicant organizational structures.
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bart has the following income and expenses for his schedule c: total revenue $ 102,480 wages (46,000 ) payroll taxes (3,519 ) payroll tax penalties (300 ) license fee (200 ) supplies (5,300 ) cell phone (588 ) meals (3,000 ) internet service (780 ) what is bart's self-employment income
The income of Bart is $44,593 as per the given schedule
Wages are certainly deductible, as are payroll taxes. Licensing Fees are deductible as are supplies and utilities related to the business. The utilities would be the cell phone bill and internet service. Meals are deductible but only 50% of them. Therefore of the $3,000 meal total, only half of that, or $1,500 is deductible. To calculate the total self-employment income we will take the total revenue figure and deduct the dollar amounts of the allowable expenses listed above.
Revenue = $102480
Wages = ($46000)
Payroll taxes = ($3519)
License fees = ($200)
Supplies = ($5300)
Cell phone = ($588)
Meals = $3000*50% = ($1500)
Internet services = ($780)
Computing the income:
$102,480 - $46,000 - $3,519 - $200 - $5,300 - $588 - $1,500 - $780
= $44,593
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true or false: cumulative voting means board members are elected one at a time, with each shareholder casting his or her allotted votes for each seat on the board. true false question. true false
Cumulative voting means board members are elected one at a time with each shareholder casting his or her allotted votes for each seat on the board is false.
what is cumulative voting?
Companies use cumulative voting, also known as accumulation voting or weighted voting, a multi-voting system to ensure that shareholders are represented more fairly.Each shareholder has the right to one vote per share in cumulative voting, which is calculated by multiplying that number by the number of open director positions. The votes can be distributed in any way the shareholder chooses.
To give minority shareholders more power over how the board of directors election goes, cumulative voting is used.A shareholder can give all of their votes to a single candidate under cumulative voting.
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a form of real estate financing that gives the lender rights to the equity through increased payments or part of the residual value over the balance of the loan?
Participating debt financing: At the time the loan is funded, the lender can have participatory rights to equity through increased income or residual value over the loan's balance.
In addition to designing a loan with an agreed-upon interest rate, the lender takes a percentage of the equity operating cash flow from the proceeds of the sale or refinance. By receiving a percentage of the potential future cash flow, the lender can increase his returns significantly.
What are the four sorts of obligation funding?Lender loan A bank loan is a common form of debt financing.Issues of bonds Bond sales are yet another form of debt financing.Loans to the family and credit cards Getting a loan from family and friends or borrowing money with a credit card are two additional ways to finance your debt.Learn more about debt financing here:
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the large-group model of organizational development . a. seeks information from the organization and the environment b. focuses on a specific problem c. seeks incremental change d. limits the distribution of information
The correct option is a. seeks information from the organization and the environment .
The required details about organizational development is mentioned in below paragraph.
An approach to system change within an organization that is focused on objectives is called organization development. The ability to create and maintain a new intended condition for the entire organization is provided by organizational development. OD, or organizational development, is the practice of enhancing and developing organizational processes. Understanding how to maximize the potential, efficacy, and capability of both individuals and organizations is the goal. Industrial/organizational psychology and adult developmental psychology are combined in the study of OD. In order to persuade employees to make the needed changes, organizational development places a strong emphasis on improved communication. Employee development is necessary since markets and industries are always changing.
In order to satisfy changing market demands,organizational development forces a business to continually improve personnel skill levels.
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a company is formulating its marketing expense budget for the last quarter of the year. sales in units for the third quarter amounted to 3,200; sales volume for the fourth quarter is expected to increase by 10%. variable marketing expense per unit sold amount to approximately $0.10, paid in cash in month of sale. fixed marketing expense per month amount to $8,000 of salaries, $3,500 of depreciation (delivery trucks), and $1,600 of insurance (paid monthly). a. what is the total budgeted marketing expense for the fourth quarter of the year?b. what is the estimated cash payment for marketing expense for the fourth quarter?
For the final three months of the year, a total planned marketing expense of $29,496 has been set.
For the fourth quarter, $21,996 is the anticipated cash payment for marketing expenses.
The required details for marketing expenses in given paragraph
a. Below is a computation of the fourth-quarter marketing spend budget.
2,640 total units sold
(2400 × 110%)
Variable marketing costs were $0.15 per unit sold.
$396 was spent overall on variable marketing.
$18,000 in constant marketing costs
wages ($6,000 x 3).
$7,500 Depreciation ($2,500 multiplied by 3).
The cost of insurance ($1,200 multiplied by three) is $3,600.
$29,100 was spent on fixed marketing expenses in total.
Marketing spend planned for
29,496 dollars for the fourth quarter.
b. Estimated cash payment for fourth-quarter marketing expenses equals budgeted marketing spend for fourth-quarter minus depreciation.
= $29,496 - $$7500
= $21,996
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harvard company purchased equipment having an invoice price of $13,900. the terms of sale were 4/10, n/30, and harvard paid within the discount period. in addition, harvard paid a $125 delivery charge, $195 installation charge, and $935 sales tax. the amount recorded as the cost of this equipment is:
The amount recorded as the cost of this equipment purchased by Harvard company is $12,546.
When it comes to recording equipment, once you begin using the asset, loop the income statement in. Until the asset has completely depreciated, note the asset's annual depreciation on your business income statement.
The cost of furniture, autos and other items is comprised of the purchase price, sales taxes, shipping costs, insurance for the item's protection during shipping, assembly, installation, and any other expenses necessary to prepare the item for usage.
Price of an Asset:
The invoice price is merely one component of an asset's cost. The incidental costs related to putting the item into use are also included. costs involved in putting the item into use, including sales tax, cash discounts, installation, freight, testing, and other expenses.
The amount has to be paid within the discount period, hence a 2% discount is applicable to it.
The amount of equipment = $11,500 × (100% -2%)
= $11,270
cost of this equipment = amount of equipment + delivery charges + installation charges + sales tax
=11,270 + 160 + 185 + 931
The cost of equipment will come to be $12,546
Therefore the amount recorded as the cost of this equipment is $12,546
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The correct question is:
Harvard Company purchased equipment having an invoice price of $11,500. The terms of sales were 2/10, n/30, and Harvard paid within the discount period. In addition, Harvard paid a $160 delivery charge, $185 installation charge, and $931 sales tax.
The amount recorded as the cost of this equipment is: _____
warren advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. a loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
After the fiscal year has ended but before the release of financial statements, Warren Advertising learns of a lawsuit. If the amount can be reasonably approximated, a loss should be recorded and a liability should be disclosed and the cause for action occur prior to the end of the fiscal year. So the appropriate option choice from the options given is (a).
What is a financial statement ?A financial statement is a document that details the operations and performance of a company's finances. Lenders and investors use it to evaluate a company's financial stability and earnings potential.
In accounting, there are four fundamental financial statements:
1. Balance sheet: This document provides a picture of your company's financial situation at a specific point in time and contrasts your assets and liabilities (your liabilities).
2. Profit and loss statement: Also known as an income statement, this report details the revenues and costs of your company.
3. Cash flow statement: Also known as a statement of cash flows, this document displays changes in the amount of money that enters and leaves your company over time.
4. Statement of changes in equity: Also known as a statement of owner's (or shareholder's) equity or a statement of retained earnings, this document displays the amount of cash your company retains (rather than pays out to shareholders or owners).
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The complete question is mentioned below :
Warren Advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. A loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
1. The cause for action occurred prior to the end of the fiscal year.
2. The damages would be payable within a year.
3. Both a. and b.
4. The contingency should not be accrued.
