In most nations around the world, the technology sector has risen to the top of the economic hierarchy.
What is meant by PESTEL analysis?Production methods, information and communication resources, production, logistics, marketing, and e-commerce technologies are some examples of technological elements. These have an impact on an organization's operations, product sales, interactions, and ability to obtain information on clients, partners, and rivals.
PESTEL analysis is a framework or set of tools used by marketers to examine and keep track of the external marketing environment's (macroenvironmental) elements that have an impact on a firm. PESTEL analysis, the output of which is used in a SWOT analysis to detect threats and vulnerabilities.
In the PESTEL framework, there isn't just one element that matters most. Different factors may be beneficial or destructive depending on the issue being analyzed. Knowing your organization, your competitors, and your customers are three things that are crucial when developing a strategy.
Therefore, the correct answer is option a) Technology has become the dominant sector of the economy in most countries worldwide.
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suppose that the central bank buys $100 worth of bonds on the open market in a country whose banking system has limited reserves. assume that the required reserve ratio is 10 percent, banks keep no excess reserves, and there are no cash leakages. after banks have made all adjustments, reserves, demand deposits, and loans will increase by which of the following?
Reserves will increase by $100, demand deposits will increase by $90, and loans will increase by $900.
What is loan?A loan is a sum of money borrowed from a lender, such as a bank or other financial institution. The borrower agrees to pay back the loan, plus interest, over a set period of time. Loans are typically used to purchase large items like cars, homes, or to pay for college tuition. Depending on the type of loan and lender, the borrower may also have to provide collateral, such as a car or home, in order to secure the loan. Loans can also be used for other purposes such as debt consolidation, medical bills, or even starting a business.
This is because when the central bank buys bonds on the open market, it increases the money supply by $100. Since the required reserve ratio is 10%, banks must hold $10 of the $100 in reserves. This leaves $90 that banks can lend out. This $90 will be deposited into demand deposits and can be loaned out, increasing the amount of loans by $900.
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stocks a and b have the following data. assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is correct? a b price $25 $40 expected growth 7% 9% expected return 10% 12%
The dividend yield of a constant growth stock should equal its expected total return minus its expected capital gains yield.
The two assumptions used in the dividend growth model are that the dividend will grow at a constant percentage rate and that the company will exist forever. Higher interest rates mean a stock dividend yield is under pressure. To maintain the same relative payout level the company would need to increase dividends. The same problem occurs with bonds as rates rise bond values fall. The constant growth model is a technique used in the analysis of a company's stock price. The dividend discount model a form of the constant growth model, views the sum of income and capital gains expected by investors as the total return on a given stock. Dividend yield is a financial ratio that indicates the percentage of a company's stock price that is paid in dividends each year. If a company has a share price of $20 and pays a dividend of $1 per year its dividend yield would be 5%. A stock dividend is a payment to shareholders consisting of additional shares instead of cash. Distributions are paid in fractions per existing share. If a company issues a 5% stock dividend, it will pay 0.05 shares for each share owned by a shareholder. Development can be assessed, not measured. It refers to an increase in the structure for a better and improved functioning of the organs. Therefore from the above points, it is clear that the statement Growth continues throughout life is not correct.
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Seasonal fruits and vegetables are shipped in from Chile and sold in the United States along with domestically grown produce.
o Globalization of business
o Flattened management hierarchies
o Teaming
Seasonal fruits and vegetables are shipped in from Chile and sold in the United States along with domestically grown produce. This is globalization of business.
What is globalization?
The process of connection and integration between individuals, businesses, and governments on a global scale is known as "globalization." The term "globalization" first arose in the early 20th century, started to be used widely to characterize the unprecedented global connectivity of the post-Cold War era in the 1990s. It then evolved its current meaning somewhere in the second half of the 20th century. It can be dated to the 18th and 19th centuries due to developments in communications and transportation technologies at the time of its origin. The economy is impacted by globalization in terms of goods, services, information, technology, and financial resources.
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Consider a bond selling at par ($100) with a coupon rate of 6% and 10 years to maturity. (a) What is the price of this bond if the required yield is 15%?
(b) What is the price of this bond if the required yield increases from 15% to 16%, and by what percentage did the price of this bond change?
(c) What is the price of this bond if the required yield is 5%?
(d) What is the price of this bond if the required yield increases from 5% to 6%, and by what percentage did the price of this bond change?
a. Par Value = $100 Annual Coupon Rate = 6% Annual Coupon = 6% * $100 Annual Coupon = $6 Time to Maturity = 10 years If yield to maturity is 15%: Annual YTM = 15% Price of Bond = $6 * PVIFA(15%, 10) + $100.
How do you calculate the coupon rate of a bond?
The ROI (rate of interest) that the bond issuers pay on the bond's face value is known as the coupon rate, which is frequently used in relation to bonds. The amount that the GIS must reimburse is likewise calculated using the coupon rate (guaranteed income security).
A bond's coupon rate may be calculated by taking the total yearly coupon payments and multiplying by the bond's par value, then adding 100%. The yearly interest payment represented as a percentage of the bond's face value or par value is hence another way to think of the rate of a bond. Par Value of Bond * 100% * Annualized Interest Rate
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which of the following is used to analyze risk and highlight aspects of a process that should be targeted for improvement?
Risk analysis and the identification of system components which must be improved are done using the Failure Mode and Effects Analysis (FMEA). The right answer in this case is (D).
A phlebotomist walks into a blood collection area to carry these out standard venipuncture operation. A vein that is suitable for venipuncture is identified by the phlebotomist, who then inserts a needle. The phlebotomist must make a second venipuncture in the opposing arm due to the absence of blood returned from the first one.
The phlebotomist might have been able to determine all of the above facts from palpating the vein, EXCEPT for observing hematoma formation.
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Which of the following is used to analyze risk and highlight aspects of a process that should be targeted for improvement?
A). Voice of customers (VOC)
B). Quality control plan (QCP)
C). Supplier, inputs, process, outputs, and customer (SIPOC) diagram
D). Failure mode and effects analysis (FMEA)
herb calalang manages a local roofing company. herb often returns client phone calls in his car when he and his employee are listening to rowdy talk radio shows.
The correct statement will be that when Herb Calalang speaks to the clients while driving and with radio rowdy talks being going on, the behavior of Herb will be considered as Unprofessional.
What is Business environment ethics?An ever-evolving subject is business ethics. Generally speaking, there are 12 ethical principles: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, compliance with the law, openness, and consideration for the environment. An setting where work is done in accordance with predetermined business standards is referred to as an ideal business environment.In a quiet office setting, Herb is expected to answer client calls. While accepting such calls, the surrounding area should be completely silent.During working hours, employees must be held to a standard of behavior, and any improper conduct or misbehavior must have an effect on their pay.The accurate statement is that Herb Calalang's conduct will be viewed as unprofessional when he speaks to clients while operating a vehicle and when loud radio conversations are being broadcast.Unprofessional conduct is seen to be any behavior that does not meet the standards set by the nature of the business organization.To learn more about Business environment refer o:
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Consider the change in market conditions in each of the given scenarios. Use the graphs to illustrate whether the changing market conditions will result in a change in supply or quantity supplied.
If the change in market conditions results in a change in supply, shift the supply curve appropriately, but leave the price line unchanged.
If the change in market conditions results in a change in quantity supplied, adjust the price line appropriately, but leave the supply curve unchanged.
a. An increase in the price of corn used in the production of ethanol reduces the amount of corn available for use as livestock feed.
Supply of corn available for livestock feed
Supply
Price
Price
Quantity
b. Speculators in world steel markets push the price of steel up, leading American steel companies to expand production.
A change in quantity supplied is caused by a change in the good's own price. This means that if the price of a good increases.
What is meant by Speculators?
Speculators are sophisticated investors or traders who purchase assets for short periods of time and employ strategies in order to profit from changes in its price. Speculators are important to markets because they bring liquidity and assume market risk.A speculator is any individual or firm that accepts risk in order to make a profit. Speculators can achieve these profits by buying low and selling high. But in the case of the futures market, they could just as easily sell first and later buy at a lower price. Obviously, this profit objective is easier said than done.Speculators trade based on their educated guesses on where they believe the market is headed. For example, if a speculator thinks that a stock is overpriced, they may sell short the stock and wait for the price to decline, at which point it can be bought back for a profit.To learn more about Speculators refers to:
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a new cd is being marketed to teens at a price of $20. the suppliers are selling all of the cds they have, and the teens are getting all of the cds they are demanding, so $20 could be defined as the cd's (1 point)
So $20 could be defined as the cd's equilibrium price. So equilibrium price is the correct option of the given statement.
Just what is the equilibrium price?Unchanged conditions are referred to as equilibrium. Both buyers and sellers are obviously in a position of no change at the equilibrium price. The quantity that the buyers want at this price is technically equal to the quantity that the sellers are willing to supply.
Why is the price at equilibrium significant?The quantity of the good that buyers and sellers are both willing to purchase is equal at the equilibrium price, meaning that neither a shortage nor a surplus exists. Both buyers and sellers are free to purchase the desired quantity at the going rate.
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T/F in order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable.
The given statement is true. Compound interest is the interest on investment funds determined on both the initial principal and the collected interest from past periods.
"Interest on interest," or the force of compound interest, is accepted to have begun in seventeenth century Italy. It will cause a total to become quicker than straightforward interest, which is determined exclusively on the principal sum.
Compounding duplicates cash at a sped up rate and the more prominent the quantity of compounding time frames, the more prominent the compound interest will be.
Compound interest is determined by multiplying the initial principal sum by one or more the yearly interest rate raised to the quantity of compound time frames short one. The all out initial measure of the credit is then deducted from the subsequent worth.
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You observe a copper mining operation and want to model its production function The mine uses one shovel, one shovel operator, four 150 ton trucks, four truck drivers, and a mill to turn 10,000 tons of ore into 8,000 tons of copper concentrate each shift. Since there is no substitutability between these inputs you model the production fuction as: ymin(1,000 Ki, 1,000 L1, 250* K2, 250 L2, a M, 1, 000 K3) where tons per shift of copper concentrate y Ki#of hours of shovel use/shift L #of hours of shovel operator labor/shift K2#of hours of 150 ton trucks used/shift L2 #of hours of truck operator labor/shift #of tons of ore/shift M K3 #of hours of mill use/shift technologically efficient) (a) Assuming that firms do not waste inputs (i.e., what is the mumerical value of parameter a? are (b) What is the per shift mine output if one of the truck operators does not show up for their shift? (c) What is the per shift mine output if labor goes on strike? (d) What is the level of returns to scale for this mine?
a) Numerical value of parameter a cannot be determined from the information provided.
b) If one truck operator does not show up, the per-shift mine output would be decreased as the number of hours of truck operator labor would decrease, which would reduce the maximum possible output of the mine.
c) If labor goes on strike, both the shovel operator labor and truck operator labor inputs would not be available, causing a decrease in the maximum possible output of the mine.
d) Level of returns to scale cannot be determined from the information provided.
What is returns to scale?Returns to scale refer to the relationship between the percentage change in output and the percentage change in all inputs when all inputs are increased by a certain factor. It measures the efficiency of production with the growth of inputs.
In economics, there are three types of returns to scale: increasing returns to scale, decreasing returns to scale, and constant returns to scale. Increasing returns to scale means that output increases more than proportionally to the increase in inputs, while decreasing returns to scale means that output increases less than proportionally to the increase in inputs. Constant returns to scale mean that output increases proportionally to the increase in inputs.
Hence, the answer is
a) Numerical value of parameter a cannot be determined from the information provided.
b) If one truck operator does not show up, the per-shift mine output would be decreased as the number of hours of truck operator labor would decrease, which would reduce the maximum possible output of the mine.
c) If labor goes on strike, both the shovel operator labor and truck operator labor inputs would not be available, causing a decrease in the maximum possible output of the mine.
d) Level of returns to scale cannot be determined from the information provided.
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geo corporation issues stock to investors for $100,000. recording this transaction will include which of the following?
Option A is Correct. Investors can purchase shares of Geo Corporation for $100,000. Credit common stock will be included in the transaction's records.
All of the transactions recorded using the double-entry bookkeeping system are compiled in a general ledger. Each transaction using this method impacts at least two different accounts; one account is debited and the other is credited. The total debit amount and total credit amount must always be equal.
The Guest Folio, sometimes referred to as the Guest Account Card, is regarded as the hotel's principal bill. Each resident guest's credit and cash purchases are recorded in their guest folio. The four components, namely income, expense, drawing, and capital accounts, may have an impact on the owner's equity. Revenue and owner investment are transactions that raise equity.
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Correct Question:
Geo corporation issues stock to investors for $100,000. recording this transaction will include which of the following?
A. Credit common stock.
B. Credit revenues.
C. Debit to cash.
D. Debit to retained earnings.
he aubey coffee company is evaluating the within-plant distribution system for its new roasting, grinding, and packing plant. the two alternatives are (1) a conveyor system with a high initial cost but low annual operating costs and (2) several forklift trucks, which cost less but have considerably higher operating costs. the decision to construct the plant has already been made, and the choice here will have no effect on the overall revenues of the project. the cost of capital for the plant is 7%, and the projects' expected net costs are listed in the following table: expected net cost year conveyor forklift 0 -$500,000 -$200,000 1 -120,000 -160,000 2 -120,000 -160,000 3 -120,000 -160,000 4 -120,000 -160,000 5 -20,000 -160,000
The NPV for the forklift option is higher, it is the better choice in terms of cost-effectiveness.
How did we evaluate the choices?To evaluate the two alternatives, you can use the discounted cash flow (DCF) method, which takes into account both the initial cost and the operating costs over time. The DCF formula is as follows:
NPV = (C1 / (1 + r)^1) + (C2 / (1 + r)^2) + ... + (Cn / (1 + r)^n)
Where NPV is the net present value, C is the cash flow in each year, r is the cost of capital, and n is the number of years.
Using this formula, we can calculate the NPV for both alternatives:
Conveyor:
NPV = (-$500,000 / (1 + 0.07)^0) + (-$120,000 / (1 + 0.07)^1) + (-$120,000 / (1 + 0.07)^2) + (-$120,000 / (1 + 0.07)^3) + (-$120,000 / (1 + 0.07)^4) + (-$20,000 / (1 + 0.07)^5) = $-497,501.49
Forklift:
NPV = (-$200,000 / (1 + 0.07)^0) + (-$160,000 / (1 + 0.07)^1) + (-$160,000 / (1 + 0.07)^2) + (-$160,000 / (1 + 0.07)^3) + (-$160,000 / (1 + 0.07)^4) + (-$160,000 / (1 + 0.07)^5) = -$191,940.87
Since the NPV for the forklift option is higher, it is the better choice in terms of cost-effectiveness.
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sebastian and ashley miller are married and always file married filing jointly. sebastian earned $32,000 in wages and ashley earned $24,000 in wages. the millers paid all the cost of keeping up a home and provided all the support for their two children, laura and timothy, who lived with them all year. laura is 14 years old and timothy turned 17 in november 2022. sebastian and ashley did not have enough deductions to itemize, but contributed $1,500 in 2022 to their church, a qualified charitable organization. sebastian, ashley, laura, and timothy are all u.s. citizens with valid social security numbers and lived in the u.s. the entire year. 6. sebastian and ashley will not itemize deductions but can deduct $600 of their charitable contribution.
If Sebastian and Ashley Miller are married and always file Married Filing Jointly:
Millers do not qualify for the Child Tax Credit (CTC) is false The amount that Sebastian and Ashley deduct as a charitable contribution is $1500.How to find the charitable contribution amount?1. Millers do not qualify for the Child Tax Credit (CTC) is false based on the fact that the Millers do qualify for the Child Tax Credit (CTC), as they have two children under the age of 17.
2. Sebastian and Ashley can deduct $1,500 as a charitable contribution, as they did not have enough deductions to itemize and will take the standard deduction instead.
Therefore the amount that Sebastian and Ashley deduct as a charitable contribution is $1500.
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The correct question is:
Sebastian and Ashley Miller are married and always file Married Filing Jointly. • Sebastian earned $32,000 in wages and Tina earned $24,000 in wages. • The Millers paid all the cost of keeping up a home and provided all the support for their two children, Laura and Timothy, who lived with them all year. • Laura is 14 years old and Timothy turned 17 in November 2022. • Sebastian and Tina did not have enough deductions to itemize, but contributed $1,500 in 2022 to their church, a qualified charitable organization. • Sebastian, Ashley, Laura, and Timothy are all U.S. citizens with valid Social Security numbers and lived in the U.S. the entire year.
1. The Millers do not qualify for the Child Tax Credit (CTC). a. True b. False
2.What amount can Sebastian and Ashley deduct as a charitable contribution?
a. $0
b. $600
c. $1,200
d. $1,500
Statistical process control is used to determine whether:
A) processes are stable and generating output in a reliable fashion
B) the calculated statistics are capable of controlling the process
C) processes include adequate flexibility for random variations
D) processes are reproducible and environmentally sustainable
E) process metrics display a distribution other than the normal distribution
Statistical process control is used to determine whether process are stable and generating output in a reliable fashion. option A
Today's businesses must contend with escalating competitiveness and rising operational costs, including raw material costs. Therefore, having operational control over their business is advantageous for the organisations.
Organizations must strive for ongoing improvement in terms of quality, efficiency, and cost cutting. Many firms still conduct inspections following manufacturing to look for quality-related problems.
Statistical process control assists businesses in switching from detection-based to prevention-based quality control. Organizations can predict how a process will behave by keeping an eye on SPC graphs.
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Holloway Company earned $9,100 of service revenue on account during Year 1. The company collected $7,735 cash from acco receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger acc under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sig a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.
Following are the transactions, there is a final amount of $9,100 in retained earnings, $1,425 ($9,100 - $7,735) in accounts receivable, and $7,735 in cash. Net cash flow from operating operations is the $7,735 that was received from accounts receivable. The revenue earned is shown as the net income, which is $9,100.
Earned revenue - The accounts receivable will rise by $9,100 when revenue is earned on an account. Additionally, service revenue will rise, increasing the retained earnings balance.
Accounts receivable collected - When money is taken out of accounts receivable, cash will rise by the amount collected, or $7,735, and accounts receivable will fall by $7,735.
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use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. indicate whether the event increases (i), decreases (d) each part of the financial statements model. also, in the statement of cash flows column, classify the cash flows as operating activities (oa), investing activities (ia), or financing activities (fa). the first transaction is shown as an example.
Asset Source issued common shares in order to raise capital. Asset Use paid a cash dividend to the owners and paid cash operating costs. Bank loaned money is an asset source.
What are some illustrations of horizontal financial statement analysis?Take the income statement as an illustration. If the gross profit in year one was $40,000 and the gross profit in year two was $44,000, there is a $4,000 difference between the two. Since the change in this instance is positive, we can determine the percentage change.
What are a financial statement's vertical and horizontal axes?Vertical analysis shows quantities as percentages of a base figure, whereas horizontal analysis shows variations across years or periods. While vertical analysis normally concentrates, horizontal analysis typically examines many reporting periods.
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Question:
The Candle Shop experienced the following events during its first year of operations, Year1
1. Acquired cash by issuing common stock
2. Paid a cash dividend to the stockholders.
3. Paid cash for operating expenses.
4. Borrowed cash from a bank.
5. Provided services and collected cash.
6. Purchased land with cash.
7. Determined that the market value of the land is higher than the historical cost.
Required
a. Indicate whether each event is an asset source, use, or exchange transaction. (Select "NA" if there is no effect on the "Activity classification") Event Activity classification 2. 3. 4. 5. 6. 7
b. Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (), decreases (D), or does not affect (NA) each element of the financial statements. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA). The first transaction is shown as an example
THE CANDLE SHOP Horizontal Statements Model for Year 1 Balance Sheet Income Statement Statement of Cash Flows Event O. Assets Liabilities+Stockholders' Equity Effect onType CommonRetained RevenueExpense Net Income Cash LandNotes Cash Activity Earnin +NA Payable +NA = | NA NA - NA -INA FA 2 4 5. 7
FILL IN THE BLANK. cramer's rule is a method of calculating the solution to a system of linear equations by finding the __ of the determinants.
A system of linear equations can be solved using Cramer's rule by determining the determinants' "variables".
Explain about the Cramer's rule?Any system of equations through any range of variables and a comparable number of equations can be solved using this approach.
Sometimes, in order to solve out variable z in a system of equations with three variables, let's say x, y, as well as z, we may need to first solve for variables x and y. However, we may figure out the value of the any variable using Cramer's rule without determining the values of any other variables.One technique for solving an equation system is Cramer's rule. Determinants are involved in this rule. Hence, determinants are used to calculate the characteristics of the system's variables.Thus, a system of linear equations can be solved using Cramer's rule by determining the determinants' "variables"
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the gross domestic product, g, of switzerland91 was 678.97 billion dollars in 2017. give a formula for g (in billions of dollars) t years after 2017 if g increases by. 1.94% per yeear???? 8billion dollar oer year????
Given a formula for g (in billions of dollars) t years after 2017 if g increases by 1.94% per year G increase 678.97 x (1.0194)^t and after 8 billion dollars per year G increase 678.97×(1.01178)^t.
A). 1.94% per year = G(t) = 678.97×(1.0194)^t
B). 8 billion dollars per year= G(t) = 678.97×(1.01178)^t
Gross home product (GDP) is a monetary measure of the marketplace cost of all the final items and offerings produced and offered (now not resold) in a selected time period by using nations. due to its complicated and subjective nature, this measure is regularly revised earlier than being considered a dependable indicator. GDP (nominal) per capita does no longer, however, reflect variations within the value of residing and the inflation costs of the countries.
Consequently, the use of a foundation of GDP according to capita at buying power parity (PPP) may be more beneficial when comparing dwelling standards among international locations, at the same time as nominal GDP is more useful in evaluating national economies on the global market. overall GDP can also be damaged down to the contribution of every enterprise or quarter of the financial system. The ratio of GDP to the full populace of the area is in line with capita GDP (additionally known as the imply well known of living).
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Magnificent Modems, Inc. acquired a subsidiary named Anywhere, Inc. (AI). AI manufactures a wireless modem that enables users to access the Internet through cell phones. The following trial balance was drawn from the accounts of the subsidiary.
Cash $ 200,000 Raw materials inventory 4,000 Work in process inventory 6,000 Finished goods inventory 7,000 Common stock $ 129,000 Retained earnings 88,000 Totals $ 217,000 $ 217,000 The subsidiary completed the following transactions during Year 2.
Paid $60,000 cash for direct raw materials.
Transferred $50,000 of direct raw materials to work in process.
Paid production employees $80,000 cash.
Applied $53,000 of manufacturing overhead costs to work in process.
Completed work on products that cost $163,000.
Sold products that cost $143,000 for $182,000 cash. Record the recognition of revenue in a row labeled 6a and the cost of goods sold in a row labeled 6b.
Paid $20,000 cash for selling and administrative expenses.
Actual overhead costs paid in cash amounted to $55,000.
Closed the Manufacturing Overhead account. The amount of over- or underapplied overhead was insignificant (immaterial).
Made a $5,000 cash distribution to the owners.
Required
For Anywhere, Inc., record the events in a financial statements model. The first event is shown as an example.
Prepare a schedule of cost of goods manufactured and sold.
Prepare an income statement and a balance sheet.
Financial Statements Model:
Cash $200,000
Raw Materials Inventory $4,000
Direct Materials Purchased $60,000
Direct Materials Transferred to WIP $50,000
Work in Process Inventory $56,000
Manufacturing Overhead Applied $53,000
Finished Goods Inventory $163,000
Cost of Goods Manufactured $219,000
Sales $182,000
Cost of Goods Sold $143,000
Gross Profit $39,000
Selling & Administrative Expenses $20,000
Manufacturing Overhead Incurred $55,000
Operating Income ($36,000)
Common Stock $129,000
Retained Earnings $52,000
Total Stockholders' Equity $181,000
Total Liabilities and Equity $217,000
How do we prepare other records?Schedule of Cost of Goods Manufactured and Sold:
Direct Materials Purchased $60,000
Direct Materials Transferred to WIP $50,000
Manufacturing Overhead Incurred $55,000
Total Manufacturing Costs $165,000
Finished Goods Inventory, Beginning $7,000
Cost of Goods Manufactured $219,000
Finished Goods Inventory, Ending $163,000
Cost of Goods Sold $143,000
Income Statement:
Revenue $182,000
Cost of Goods Sold $143,000
Gross Profit $39,000
Selling & Administrative Expenses $20,000
Operating Income ($36,000)
Balance Sheet:
Assets:
Cash $200,000
Raw Materials Inventory $4,000
Work in Process Inventory $56,000
Finished Goods Inventory $163,000
Total Assets $423,000
Liabilities and Equity:
Common Stock $129,000
Retained Earnings $52,000
Total Stockholders' Equity $181,000
Total Liabilities and Equity $217,000
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an account whose balance is transferred to another account at the end of the accounting period, such as fees income or wages expense, is called a account.
an account whose balance is transferred to another account at the end of the accounting period, such as fees income or wages expense, is called a account a clearing account.
What are clearing accounts?Clearing accounts are financial accounts used to temporarily hold funds during a transaction before the funds are finally settled and transferred to the appropriate accounts.
The purpose of clearing accounts is to ensure that the funds are properly accounted for and that the transaction is complete and accurate before the funds are transferred to their final destination. Clearing accounts can be used in various financial transactions such as check clearing, electronic fund transfers, and securities settlements.
A transaction is a transfer of value between parties in exchange for goods, services, or to settle a debt. Transactions are commonly processed through financial institutions, such as banks, and can take place electronically or in cash.
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the ability of dunder mifflin to provide customer service that outperform the others in their industry is an example .
The ability of Dunder Mifflin to provide customer service that outperforms the others in their industry is an example of service marketing.
What is service marketing?
The goal of service marketing is to increase the value that a company provides to its customers by promoting and showcasing its intangible benefits and offers. This can apply to stand-alone service offers or services that accompany material goods. The concept of service marketing is primarily concerned with the sale of non-tangible, intangible goods. It is done for benefits provided to the company that cannot be seen, touched, felt, etc. These are advantages that are mostly driven by people and processes and that customers cannot maintain.
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a blank is a division of the firm itself that can be managed and operated independently from other divisions. multiple choice question.
A strategic business unit (SBU) is division of firm itself that can be managed and operated independently from the other divisions.
What is a strategic business unit?A profit centre that prioritises product offerings and market segments is known as a strategic business unit (SBU) in business strategic management. Even though they could be a part of a bigger company organisation, SBUs often have a distinct marketing plan, competitive analysis, and marketing campaign. An SBU could be a division, branch, or business all on its own inside a bigger corporation. Multiple SBUs that are each accountable for their own profitability can make up corporations. A company with this kind of organisational structure is General Electric (GE). SBUs have control over the majority of variables that determine their performance. When referring to SBUs or a group of SBUs that have these qualities, businesses today frequently use the words segmentation or division.
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4. When money doesn't deteriorate when it is
being handled.
Money has durability if it doesn't deteriorate when it is being handled.
What is money?Money is anything that serves as a medium of exchange. A medium of exchange is anything that is widely accepted as a means of payment.
Money serves three basic functions.
A Medium of Exchange- —money serve as a medium of exchange,
A Unit of Account-Money serves as a unit of account, which is a consistent means of measuring the value of things.
A Store of Value-is to serve as a store of value, that is, an item that holds value over time.
Money has durability if it doesn't deteriorate when it is being handled.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What strategies would you utilize to achieve effectiveness, efficiency, and negotiating climate? What negotiating strategies and tools would you utilize to avoid failure? Explain in detail.
To achieve effectiveness, efficiency, and a positive negotiating climate, the following strategies could be used:
Preparation: Before negotiating, research the company's policies, culture, and past negotiations, as well as the compensation packages offered to country managers. This will help you make informed demands and avoid unrealistic expectations.
Establish a rapport: Establishing a good rapport with Dr. David Smith can help build trust and increase the chances of a positive outcome. This could be done by finding common ground and expressing appreciation for their work and the company's success.
Problem-solving approach: Adopt a problem-solving approach to the negotiation, rather than an adversarial one.
What negotiating strategies and tools would you utilize to avoid failure?To avoid failure, the following negotiating strategies and tools could be used:
Avoid ultimatums: Avoid making ultimatums or demands that may come across as unreasonable or confrontational.Be flexible: Be open to alternative solutions and be willing to compromise.Use active listening: Listen actively to Dr. Smith's concerns and respond to them in a way that addresses their concerns while still advancing your position.Lastly, Avoid emotional responses: Avoid emotional responses and maintain a professional demeanor throughout the negotiation.
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Which of the following statements are true about the chart of accounts? (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.)
Different companies use different charts of accounts based on individual company need.
The chart of accounts contains the balance of all of the accounts in a ledger.
The chart of accounts should be ordered in a logical sequence based on type of account.
The chart of accounts can be ordered in any sequence because they are not formal financial systems.
Different companies use different charts of accounts based on individual company need.
what is the statements of chart of accounts?A chart of accounts is a list of financial accounts that an accountant creates for a company and provides to the bookkeeper so that she can enter transactions into the general ledger.As a result, each account type's chart of accounts should be arranged logically. Different businesses use various charts of accounts, depending on the requirements of the firm.Based on account type, the chart of accounts should be arranged in a logical order.Seven requirements for every business: a vision or an idea. But not just any idea—you need a good one, as well as love or passion for the concept, tenacity and courage, experience, knowledge, education, and training, a plan or road map, money, and support and assistance along the way.To learn more about company refer to:
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FILL IN THE BLANK Contractors that have ongoing business with a company can log into its ______ by using a valid username and password. Select your answer, then click Done.
Contractors that have ongoing business with a company can log into its extranet by using a valid username and password. Select your answer, then click Done.
What is the user ID and password?
unique user ID is a group of characters that uniquely identifies a particular user and that, when used in conjunction with a password, passphrase, or another mechanism, allows a user to be authenticated to an information system. The term "password" refers to an alphanumeric code that the Client uses to verify his or her username and gain access to the Service.
Using a legitimate username and password, contractors who regularly do business with a corporation can access its extranet. After selecting your response, click Done.
Therefore, Another typical setting for credentials is the account holder as the password and the username.
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question the transportation development described in the excerpt had which of the following effects on agriculture in the united states? responses
In order to restrict the influence of rail companies on agriculture in the United States, farmers created cooperative organizations.
The Agricultural Revolution: What Was the Cause?The need to feed the rapidly expanding population sparked the agricultural revolution. Because the land they utilized for farming and grazing was being farmed out to other farmers, the English aristocracy donated land to be rented, which sparked an uprising among the peasants.
What three effects does agriculture have?Climate change, deforestation, biodiversity loss, dead zones, genetic engineering, irrigation concerns, pollution, soil degradation, and waste are only a few of the broader environmental problems agriculture contributes to.
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TRUE/FALSE. agency costs are costs that are incurred when management does not act in the best interest of shareholders.
When management does not act in the best interest of shareholders, agency expenses are incurred. The given statement is true.
Who are shareholders?
Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.
By subscribing to the IPOs, shareholders may have purchased their shares on the primary market, giving the firm capital. However, the majority of shareholders purchase their shares on the secondary market and do not contribute any money to the company directly. Depending on the share class, shareholders may receive specific benefits. Generally speaking, a corporation is governed for the benefit of its shareholders by its board of directors.
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backdoor selling involves going around a purchase agent to contact other people directly involved in the purchasing decision of a company to make a sale.
Prior to talks or competition for a contract or sale, a supplier or seller will employ backdoor selling, a form of social engineering, to acquire a competitive advantage.
What is backdoor buying?Back-door purchasing or selling refers to unofficial, irregular, and cunning purchasing or selling that typically results from excessive attempts to encourage preference for a specific vendor with the intention of reducing competition.
It is a flaw that allows an attacker to gain unauthorised access to a system by getting beyond standard security measures. It is particularly challenging to find and eliminate this danger since it operates in the background and hides from the user.
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fess, research manager for greenergy products, inc., applies utilitarian ethics to determine that an action is morally correct when it produces the greatest good for
Fess, research manager for the greenery products, inc., applies utilitarian ethics to determine that action is morally correct when it produces greatest good for the most people.
What is a product?Anything that can be sold on the market to fulfil the needs or desires of consumers is a product. When it comes to marketing, a product is any good, system, or service that is made available to consumers in response to their needs. Products in project management are the clearly defined project deliverables that either directly or indirectly contribute to the project's goals. Hazardous goods—especially those that cause physical harm to consumers or bystanders—may be subject to product liability laws. Numerous of these various types of product information are regulated in some way, whether it is by explicitly outlawing inaccurate or deceptive product information or by requiring sellers or manufacturers to list particular information, such as the ingredients in food, medication, and hygiene products.
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Complete Question:
Fess, research manager for greenergy products, inc., applies utilitarian ethics to determine that an action is morally correct when it produces the greatest good for?