Answers
A strong interest in achieving only substantive outcomes tends to support the competitive strategies.
What is a competitive strategy?A firm adopts a competitive strategy, which consists of a set of guidelines and tactics, to acquire an edge over rivals. It is the process of deciding the steps to take and carrying them out in order to help a firm become more competitive. Different competitive strategies may be employed by businesses to increase the value of their goods and services for customers, shareholders, and staff. These tactics are also used by them to establish long-term revenue sources. Numerous economic organizations, including capitalism, are characterized by competitive strategy. Competitive strategies are a tool that businesses may utilize to develop their operations and continue to make and improve profits. Due to its impact on a business's overarching strategies, competitive strategy is crucial. Without a competitive strategy, a company may not be able to obtain a distinct advantage over its rivals.
To learn more about competitive strategy, visit:
https://brainly.com/question/5042589
#SPJ4
Related Questions
You are the supervisor of Shake Restaurant that sets employee work schedules.
Every day and every week you have to compare the actual hours each staff member works with the number of hours for which the staff member was scheduled to work. You have noted that during the week of November, 216.5 labour hours were scheduled for dining room employees but the actual hours worked totaled 224.5. This shows a variance of 8 hours.
1. Why is it important for you to compare the actual hours that the employees worked against the scheduled hours? (2)
2. Is this variance of 8 hours significant and should you investigate further? (2)
3. As you have an average hourly wage for staff, what does it mean in terms of the variance between scheduled labour hours and actual labour hours? (2)
4. As the supervisor, what would you accept as legitimate reasons for the difference between the scheduled and actual hours that the employees have worked? (4)
Answers
1. As the supervisor of Shake Restaurant, it is important to keep track of their team's workflow without continually checking in with team members by tracking the hours that employees put in.
What is direct labor efficiency variation?
Direct labor efficiency variation is the difference between the total actual hours worked and the total standard scheduled hours worked for the week. Instead of pay rates, the amount variance formula aids in calculating disparities in hours. Standard hours, or the hours that employees are anticipated to work, are used in this formula. The production division is in charge of the variation in worker productivity.
2. The variance of 8 hours is significant and should be investigated further. Thus, it is essential to avoid overpaying employees due to erroneous timekeeping.
3. Due to an average hourly wage for staff, in terms of the variance between scheduled labor hours and actual labor hours means that, the Shake Restaurant can reduce costs and increase revenues.
4. As the supervisor, it is important to accept as legitimate reasons for the difference between the scheduled and actual hours that the employees have worked as it leads to effective communication, provide guidance, and support to the employees.
To learn more about direct labor efficiency variation, visit:
https://brainly.com/question/28208334
#SPJ1
Mitchell Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Mitchell Bicycle Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $185 $3,700 March 5 Sale ($270 each) 15 March 9 Purchase 10 205 2,050 March 17 Sale ($320 each) 8 March 22 Purchase 10 215 2,150 March 27 Sale ($345 each) 12 March 30 Purchase 9 235 2,115 $10,015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If Mitchell Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment.
Answers
Bikes from initial inventory are included March 5 sale, a March 17 outsourcers bikes from March 9 sale, or Mar 27 sale includes four bikes from the initial balance & eight bikes from March 22 purchase. 1/2 is need.
Now what you mean by inventory?All the products, materials, and things that a company keeps on hand in anticipation of selling them to customers for a profit are referred to as inventory. Example: If a newspaper seller utilizes a vehicle to distribute newspapers to clients, just the newspapers will be deemed inventory.
What are the four different categories of inventory?Raw materials/components, WIP, final products, and MRO are the four main categories of inventory.
To know more about inventory visit:
https://brainly.com/question/14184995
#SPJ1
accidents and mistakes are powerful source of innovation true or false?
Answers
Answer:
true
Explanation:
they gives us great lesson
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
for more such questions on amount
https://brainly.com/question/28147009
#SPJ8
A joint production process at Berry Lane Farm results in two products, blackberry syrup and blackberry jam. The following cost and activity data relate to these two products: Blackberry syrup Blackberry jam Joint costs allocated $10,000 $12,000 Number of units produced from joint process Selling price at splitoff point $1.75 Selling price after processing further $2.00 Cost of processing further Blackberry syrup can be sold asis (at the splitoff point) for per unit, or it can be processed further into a specialty blackberry juice and then sold for per unit. If blackberry syrup is processed further into the specialty blackberry juice, what would be the overall effect on operating income?
Answers
Answer: C. $ 2,750 net increase in operating income
Explanation:
Income if Blackberry syrup is sold as is;
= Sales price * No. of units
= 2.90 * 1,900
= $5,510
Income if Blackberry Syrup is processed further;
= (Sales price * No. of units) - Processing costs
= ( 5.4 * 1,900) - 2,000
= 10,260 - 2,000
= $8,260
Difference;
= 8,260 - 5,510
= $2,750
Consider the following data. 42 45 32 27 38 12 32 The difference between the median and the mode is A. 2 B. 3 C. 1 D. 0
Answers
The difference between the median and the mode is 0. Option D
To find the median, we need to first arrange the data in ascending order: 12, 27, 32, 32, 38, 42, 45. The median is the middle value, which in this case is 32.
To find the mode, we need to identify the value that appears most frequently in the data set. Here, 32 appears twice, which is more than any other value. Therefore, the mode is 32.
The difference between the median and the mode is simply the absolute value of their difference: |32-32| = 0. Therefore, the answer is D) 0.
In summary, to find the difference between the median and the mode, we need to first find the median by arranging the data in ascending order and identifying the middle value. Then, we need to identify the mode, which is the value that appears most frequently in the data set. Finally, we calculate the absolute value of their difference to find the answer. In this case, the difference is 0. Option D.
For more such questions on median visit:
https://brainly.com/question/28328898
#SPJ11
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
For such more question on dividends:
https://brainly.com/question/30360786
#SPJ8
Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
Learn more about an ethical problem here:
https://brainly.com/question/13504306
#SPJ2
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
For more such questions on interest rate
https://brainly.com/question/29451175
#SPJ8
To finance the building of a new fire station, a local government is likely to borrow money by issuing?
a. junk bonds
b. treasury bonds
c. municipal bonds
d. money market bonds
Answers
Answer:
c
Explanation:
a consumer values a house at $525,000 and a producer values the same house at $485,000. if the transaction is completed at $510,000, what level of tax rate will result in unconsummated transaction?
Answers
If a consumer values a home at $525,000 and a producer values the same home at $480,000, there will be an unconsumed transaction of $18,000 in tax rate. if $510,000 is the final price of the transaction.
Consumer profits in this transaction total $15,000 ($525000-$510000), while seller profits total $25,000 ($510000-$485000).
If the tax rate is 40%, the tax would be $15000 + $25,000 = $40000 *.40 = $18000.
The percentage at which a person or business is taxed is known as the tax rate. The federal government and many state governments in the United States employ a progressive tax rate system, where the amount consumer values of tax charged rises as an individual's income does. With a progressive tax rate, more money is collected from taxpayers with higher incomes.
A portion of the taxpayer's earnings or money is taken and given to the government, regardless of whether it comes from salary, investment tax rate income like dividends and interest, capital gains from investments, consumer values or profits from selling goods or services.
Learn more about tax rate here
https://brainly.com/question/12395856
#SPJ4
answer the questions given below.
Mr. Viaz started a pizzeria in his hometown. It made a small income, and Mr. Vlaz had to work long hours and manage many staff members. While running this restaurant, he gained popularity for the tomato sauce they made from scratch and used on their pizzas. Mr. Viaz decided it was time for a change and saw two options. The first was to expand the restaurant to add more tables and increase revenue. The second was to abandon the restaurant and focus solely on selling their famed tomato sauce.
1. How would Mr. Vega's organizational goals change if he chooses Plan B?
2. What do you think Mr. Vega's current organizational structure looks like now?
3. How would the organizational structure change if he chooses Plan A?
4. How would the organizational structure change if he chooses Plan B?
Answers
If Mr. Viaz chooses Plan B, his organizational goals would change from running a full-service pizzeria to manufacturing and distributing tomato sauce to other businesses.
Based on the information given, it is not possible to determine Mr. Viaz's current organizational structure. However, it can be inferred that it would involve multiple staff members, given that he had to manage many staff members while running the restaurant.
If Mr. Viaz chooses Plan A, his organizational structure would likely expand to include additional staff members to manage the increased revenue from more tables and customers. This could involve hiring more servers, cooks, and support staff.
If Mr. Viaz chooses Plan B, his organizational structure would change to focus solely on the manufacturing and distribution of tomato sauce. This could involve streamlining operations and reducing the number of staff members needed, such as eliminating servers and support staff, and hiring individuals with experience in manufacturing and distribution.
Question 6
(6 Marks)
Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs
have been recorded for the past six months.
Plack Company is a manufacturing company that makes and sells a single product. The following
information relates to the company's manufacturing operations in the next financial year.
->
Opening and closing stock:
Production:-
Sales:
Fixed production overheads:
Fixed sales overheads:
Nil
18,000 units-unit manufactured 3000
15,000 units Units sold,
Closing
Inver
R72,000
Using absorption costing, the company has calculated that the budgeted profit for the year will be
R43,000.
>
Marginal Absorption
Required:
What would be the budgeted profit if marginal costing is used, instead of absorption costing?
Answers
The budgeted profit using marginal costing would be -R12,000.
How to calculate the costUsing the information provided:
Opening stock = 0
Production = 18,000 units
Closing stock = 0
Fixed production overheads = R72,000
Total variable manufacturing costs = 0 + 18,000 - 0 - R72,000 = -54,000 (negative value due to fixed production overheads)
Total variable production cost per unit = -54,000 / 18,000 = -3 (negative value due to fixed production overheads)
Budgeted profit using marginal costing = (Sales - Total variable production cost per unit * Units sold) - Fixed sales overheads
Given:
Sales = 15,000 units
Fixed sales overheads = R72,000
Total variable production cost per unit = -3
Budgeted profit using marginal costing = (15,000 - (-3) * 15,000) - 72,000
= (15,000 + 45,000) - 72,000
= 60,000 - 72,000
= -12,000
Therefore, the budgeted profit using marginal costing would be -R12,000.
Learn more about marginal costing on
https://brainly.com/question/30165613
#SPJ1
Consider a bond that has a face value of $1,000. The bond has a maturity of 25 years and pays coupons of 5.5% per annum. If the bond's required rate of return is 8.0% per annum nominal, and coupons are received semi-annually, what is the current market price of the bond?
Answers
The current market price of the bond is $731.47
What is the market price of a bond?
The market price of a bond is the present of its future cash flows discounted at its semiannual required rate of return which is the appropriate discount rate in this case.
The market price can be ascertained using a financial calculator that requires that the calculator be set to its end mode since coupons are paid at the end of each semiannual period
N=50(number of semiannual periods in 25 years)
I/Y=4.0(semiannual yield =8.0%/2)
PMT=27.50(semiannual coupon=5.5%*1000/2=27.50)
FV=1000(bond's face value is $1000)
CPT(press compute)
PV=$731.47
The market price of a bond is the present of its future cash flows discounted at its semiannual required rate of return which is the appropriate semiannual discount rate of 4.0% is $731.47
Find out more about bond price on:https://brainly.com/question/25596583
#SPJ1
The delta of a derivatives portfolio dependent on the S&P 500 index is -2,100.The S&P 500 index is currently 1,000. Estimate what happens to the value of the portfolio when the index increases to 1,005.
Answers
The delta of a derivatives portfolio measures the sensitivity of the portfolio's value to changes in the underlying asset (in this case, the S&P 500 index). A delta of -2,100 means that for every 1-point increase in the index, the value of the portfolio decreases by $2,100, and for every 1-point decrease in the index, the value of the portfolio increases by $2,100.
To estimate what happens to the value of the portfolio when the index increases from 1,000 to 1,005, we can use the delta and the following formula:
Change in portfolio value = Delta × Change in underlying asset value
In this case, the change in underlying asset value is:
Change in underlying asset value = 1,005 - 1,000 = 5
Substituting the given values, we get:
Change in portfolio value = -2,100 × 5
Change in portfolio value = -10,500
Therefore, when the S&P 500 index increases from 1,000 to 1,005, the value of the derivatives portfolio is to decrease by $10,500.
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
Learn more about lieutenant, here:
https://brainly.com/question/30148992
#SPJ1
How does a tax on a good affect the price paidby buyers, the price received by sellers, and thequantity sold?
Answers
Answer:
Explanation:
Buyers could be given a subsidy which would reduce the price of the goods, making them more affordable and encouraging more purchases. Sellers could also be given subsidies, which would reduce the cost of producing or importing the good and ultimately increase the quantity of goods sold. Additionally, subsidies could also be used to encourage innovation and the development of new products
Answer:
some time goods actually cost is 5rupee but add the tax the price of that particular goods increase in rupees 8
Explanation:
Which of the following best describes a Trial Balance?
A. It is a list of balances in the book.
B. It is a special account.
C. It shows the financial position of the business.
D. It shows all the entries in the books.
Correct answers will be MARK AS BRAINLIEST
Don't answer if you don't know
Answers
It is list of balances in the book
Trial balance is recorded in form of listIt includes all the balances present at different accounts of any individualOption A is correct
A company purchased $3,300 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $900 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
Answers
The correct journal entry would be Debit Accounts Payable $2,300 ; Credit Merchandise Inventory $46 and Credit Cash $2,254.
A bookkeeping method known as the double entry or journal entry involves recording transactions in two or more accounts. The majority of transactions involve two accounts. The difference between the two accounts gets credited to the other. Moreover, both accounts could be credited or debited. More than two entries may be necessary for some transactions. The transactions that have an impact on more than two accounts are those. For instance, things that are discounted or that are partially paid for with credit and partially with cash. Compound entries are used in the journals for these transactions.
learn more about journal entry here:
https://brainly.com/question/20421012
#SPJ1
The complete question is: A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $900 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
PLEASE ANSWER ASAP: I NEED HELP
PLEASE DO NOT JUST ANSWER FOR THE POINTS, PLEASE ACTUALLY HELP!!!!!
Answers
The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.
Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual
Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.
The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.
This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.
It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.
The matching policy can vary widely, ranging from a percentage match to no match at all.
Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.
Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.
For more such question on retirement. visit :
https://brainly.com/question/29981887
#SPJ8
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
for more such questions on manager
https://brainly.com/question/1276995
#SPJ8
Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answers
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
Answers
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
Learn more about journal entries at https://brainly.com/question/28390337
#SPJ1
A tax client asks Elena to perform additional tax-related services. Which of the following statements best describes what Elena should do before she agrees to perform the additional service?
Elena should consider whether performing an additional service for the client will impair her independence.
Elena should consider structuring the fee for this engagement as a contingent fee.
If Elena's experience in this area of tax law is limited, she should seek sources of assistance.
Elena should gain the client's agreement to include an indemnification clause in her engagement letter.
Answers
The correct option is : Elena should consider whether performing an additional service for the client will impair her independence.
What is tax?This is a compulsory levy, imposed on citizen of a country by their government. The aim is to finance public goods for the benefit of the citizens.
Tax is a kind of legal financial charge imposed by the government on the profit and income of its citizens. The payment of tax for each citizen under the tax codes is not mandatory. The codes mandate you must file a return if you had any type of income, even from illegal sources.
However, a loss of independence would jeopardize the clients tax business, so she would carefully need to weigh whether the additional business is worth the risk.
Learn more about tax here: https://brainly.com/question/1133253
#SPJ1
First, click on the CHANNELS tab
and view the different options your
backpack can be sold through. Click
on the SUMMARY tab to review all
the channel options. If you have any
channel options where you are not
making a positive gross profit per
bag, you should reconsider your
pricing.
Click on ACCEPT TERMS to agree
with the terms of each channel you
want to use to sell your product.
There may be some channels where
your SALES PRICE is outside the
allowed terms and conditions for that
channel. You will need to decide if
you want to change your price to
allow sales in that channel.
click to advance
Answers
Answer:
Yes
Explanation:
I just did it
What are some Benefits of Government Debt?
Answers
Answer:
Increasing the debt allows government leaders to increase spending without raising taxes.
It can help deal with a crisis.
Explanation:
what is the decision of the Michael J. French v. American Airlines 2009 U.S. Dist. LEXIS 48654 (U.S. District Court Utah Central Division) case
Answers
The case was heard in the US District Court for the Central Division of Utah. The court ruled in favor of American Airlines, stating that the airline had not violated the ADA by requiring the passenger's service animal to be in a kennel during the flight. The court noted that the airline had provided alternative accommodations for the passenger, including an earlier flight that would allow the passenger to have his service animal with him outside of a kennel. The court also stated that the airline's safety concerns were legitimate and that the airline had the right to establish policies to ensure the safety of its passengers.
Overall, the decision in the Michael J. French v. American Airlines case was in favor of American Airlines, stating that the airline had not violated the Americans with Disabilities Act by requiring the passenger's service animal to be in a kennel during the flight.
Answer:
for American Airlines
Explanation:
what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
Know more about Financial crisis here:
https://brainly.com/question/32723220
#SPJ8
Rafner Manufacturing identified the following budgeted data in its two production departments. Assembly Finishing Manufacturing overhead costs . $1,200,000 $600,000 Direct labor hours 12,000 DLH 20,000 DLH Machine hours . 6,000 MH 16,000 MH 1. What is the company’s single plantwide overhead rate based on direct labor hours? 2. What is the company’s single plantwide overhead rate based on machine hours? (Round your answer to two decimal places.)
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Total estimated overhead= 1,200,000 + 600,000= 1,800,000
Direct labor hours= 12,000 + 20,000= 32,000
Machine hours= 6,000 + 16,000= 22,000
To calculate the predetermined overhead rate, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Based on direct labor hours:
Predetermined manufacturing overhead rate= 1,800,000/32,000
Predetermined manufacturing overhead rate= $56.25 per direct labor hour
Based on machine hours:
Predetermined manufacturing overhead rate= 1,800,000/22,000
Predetermined manufacturing overhead rate= $81.82 per machine hour
if china has china business is china china or just china
who will wim trump or bid en³³³³³³³³³³³³³³³³³³³³³³³³∉∉∉∉∉∉∉∉∉∉∉
Answers
Answer:bid
Explanation:
Answer:
biden is a china puppet aka he is being controlled by china
Explanation: