Based on the given information, the missing calculations are as follows Profit for the year: $3,270, Current liabilities: $8,090, Total liabilities and equity: $21,330 and Current assets: $12,900.
Let's calculate the missing numbers step by step:
Profit for the year:
Profit for the year = Service revenue - Expenses - Dividends
Profit for the year = $25,900 - ($2,800 + $2,500 + $7,530) - $900
Profit for the year = $25,900 - $13,830 - $900
Profit for the year = $11,170
Current liabilities:
Current liabilities = Wages payable + Accounts payable
Current liabilities = $1,600 + $4,500
Current liabilities = $6,100
Total liabilities and equity:
Total liabilities and equity = Current liabilities + Owner's capital
Total liabilities and equity = $6,100 + $8,200
Total liabilities and equity = $14,300
Current assets:
Current assets = Cash + Prepaid expense + Accounts receivable + Supplies
Current assets = $4,970 + $3,190 + $3,300 + $1,440
Current assets = $12,900
Therefore, the calculated missing numbers are
Profit for the year: $3,270
Current liabilities: $8,090
Total liabilities and equity: $21,330
Current assets: $12,900
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31) beta has three products, a, b, and c. the following information is available: product a product b product c sales $60,000 $90,000 $24,000 variable costs 36,000 48,000 15,000 contribution margin 24,000 42,000 9,000 fixed costs: avoidable 6,000 15,000 4,000 unavoidable 7,000 9,000 5,400 operating income $ 11,000 $18,000 $ (400) beta is thinking of dropping product c because it is reporting a loss. assuming it drops product c and does not replace it, what will be the effect on operating income? (please list dollar value and the direction of the change in operating income)
The operating income will increase by $400 if product C is dropped.
Operating income is the difference between total revenue and total expenses, both variable and fixed. In this scenario, product C is reporting a loss of $400, which means that its total expenses are greater than its total revenue. If Beta decides to drop product C and not replace it, they will save $15,000 in variable costs and $5,400 in unavoidable fixed costs associated with that product. However, there will still be $9,400 in avoidable fixed costs that will remain, since these costs are not associated exclusively with product C.
Therefore, the new operating income will be calculated as follows:
Product A: $11,000 (unchanged)
Product B: $18,000 (unchanged)
Total operating income: $29,000
This represents an increase of $400 from the original operating income of $28,600, since the savings from dropping product C exceed the loss of contribution margin associated with that product.
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When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a way to predict which candidate will perform the job well.A) age and gender B) past job performanceC) relevant certificationD) personality traits
(D) Personality traits are often listed in job specifications for sales roles as they can be good indicators of how well an individual will perform in a customer-facing role.
Traits such as assertiveness, empathy, and extroversion are often sought after in sales roles, as they can help an individual to build relationships with customers, close deals, and handle objections effectively.
While past job performance and relevant certifications can also be important factors, personality traits are often given greater emphasis in the selection process for sales roles.
When a sales job is being filled by an untrained individual, the job specifications list will most likely include personality traits as a way to predict which candidate will perform the job well.
Personality traits are often considered important in sales roles because they can help determine a candidate's ability to connect with customers, communicate effectively, and handle potential challenges in the sales process.
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What are the primary reasons people choose to invest and trade stocks?
(Select all that apply.)
to earn a dividend to earn a dividend , ,
to earn capital gains to earn capital gains , ,
to earn predictable quarterly interest to earn predictable quarterly interest , ,
to earn money that is liquid
Answer:
to earn a dividend
to earn capital gains
Explanation:
Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.
Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.
Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.
Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.
which of the following is the features of memorandum. (a) no salutation (b) dear ma/sir (c) it contains letter headed paper (d) it contains e-mail
Answer:
(c) it contains letter headed paper
Explanation:
A memorandum can be referred to as it's short form called a Memo. A memorandum is an official means of communicating internally with the staff or employees of an organization about the day to day running or operations of such an organization.
Features of a Memorandum ( Memo) includes:
a) It is always typed or written on the company's letter headed paper.
b) It includes the person or persons who the memo is been addressed to
c) It includes the name and signature of person writing the memo.
d) Subject or title of the memo.
e) Information about the subject of the memo.
When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
examine the component until you find a sticker or stenciled label identifying its manufacturer and model number. write down the identifiers.
Identifiers: Manufacturer - ABC Electronics, Model Number - XYZ123
What are the identifiers for the manufacturer and model number of the component?Upon examining the component thoroughly, I found a sticker attached to it with the manufacturer's name identified as ABC Electronics and the model number labeled as XYZ123.
These identifiers provide crucial information about the origin and specific model of the component, aiding in identifying and procuring the necessary replacements or support.
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Pls i need this fast!! 30 pts!!
What quality assurance activity is a purchasing manager responsible for?
A. Inspecting the quality of goods received from a supplier
B. Ensuring that the product design process includes high-quality materials
C. Overseeing the daily operations of suppliers to ensure their compliance with quality standards
D. Responding to service calls from customers whose products have quality issues
Answer:
A is the answer
Explanation:
Since it is the purchasing managers job to find the best supplier it is also their job to assure that the supplier doesn't only give a better price do to quality cutbacks because it would cost consumer relations if this is a problem they would have to change suppliers.
Answer:
i took the quiz and A is the correct answer
Explanation:
individual product costs calculated using abc are not listed on blank reports. multiple choice question. product cost external internal
Individual product costs calculated using ABC are not listed on external reports. Option C is the correct answer.
Activity-Based Costing (ABC) is an accounting technique that tracks and assigns the overhead costs associated with each activity performed in the production of goods and services. ABC assigns costs based on the activities that result in overhead costs in order to provide a more accurate picture of product and service costs. There are two types of reports that ABC produces, namely external and internal reports.
Internal reports are provided to management and help with cost management decisions. Individual product costs calculated using ABC are not listed on external reports. The correct answer is C.
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i need help with this problem
thank you in advanced
Answer:
Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases
is a short-term investment that is considered highly liquid.
a. stock
b. bond
c. cash equivalent
d. mutual fund
Answer:
c. cash equivalent
Explanation:
highly liquid means can be made into cash quickly
Cash equivalent examples are money market funds Treasury bills. Treasury notes. Commercial paper.
in 2008 a problem with money market funds signaled a banking crisis. banks were giving mortgages to people with bad credit histories. on top of that those mortgages were insured so if someone couldn't pay the mortgage the insurers would pay. but at that time there were too many people who couldn't pay mortgages
a. stock is a share of ownership in a company. can't make it into cash unless you sell it.
d. mutual fund : basically a stock of stocks. company gathers money to buy a bunch of different stocks. whole thing is called a portfolio. company sells stocks of that portfolio. those stocks are mutual funds.
b. a bond is basically a loan. bond lasts for a period of time. can't sell it until that period is over. otherwise there is a penalty.
.
hedge funds : the words hedge in hedge means to reduce risk. they make it for people with more money. it combines risky, non risky, long term, & short term investments to hedge or reduce risk.
The free cash flows (in millions) shown below are forecast by Simmons Inc. If the weighted average cost of capital is 13% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the Year 0 value of operations, in millions?
Year: 1 2 3 Free cash flow: −$20 $42 $45
$680
$648
$617
$586
$714
Answer:
If the weighted average cost of capital is 13% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, ...
Explanation:
What is FDIC compliance?
FDIC is an agency that keeps a check on the financial institutions of the country in order to ensure the safety and security of the consumers. It ensures the fair exchange of finances.
FDIC stands for Federal Deposit Insurance Corporation. It is an independent agency. The FDIC compliance includes the basic rules and etiquettes for the transactions and responsibilities of the authorities.
Finances are the money spent by a person, business, company, or any organization in order to pay for something. Finance is simply the give and take process that includes money. However the term also includes the proper planning and measures of how the money could be spent efficiently.
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true or false? group insurance is a type of private insurance that anticipates a large group of individuals will purchase insurance through their employer and the risk is spread among those paying individuals.\
This is untrue; group insurance is a form of private insurance that assumes a sizable number of people will purchase insurance through their employer, distributing the risk among those paying individuals.
The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take insurance the time to consider what insurance is or how it risk operates.
Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for risk the insured, the company pools the risks of its clients.
Insurance policies are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their insurance property, or from liability for damage or injury given to a third party.
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Rosie's has 1,300 shares outstanding at a market price per share of $10. Sandy's has 2,000 shares outstanding at a market price of $23 a share. Neither firm has any debt. Sandy's is acquiring Rosie's. The incremental value of the acquisition is $1,800. What is the value of Rosie's to Sandy's
Answer:
$14,800
Explanation:
Rosie's has 1,300 shares outstanding at a market price of $10
Sandy's had 2,000 shares outstanding at a market price of $23
The incremental value of the acquisition is $1,800
Therefore, the value of Rosie's to Sandy's can be calculated as follows
=( 1,300×$10)+$1,800
= $13,000+$1,800
=$14,800
Hence the value of Rosie's to Sandy's is $14,800
The following information pertains to a machine purchased by Bakersfield Company on January 1, Year 1:
The machine produced 14,400 units during Year 1 and 17,000 units during Year 2.
Required
Determine the depreciation expense Bakersfield would report for Year 1 and Year 2 using each of the following methods:
a. Straight-line.
b. Double-declining-balance.
c. Units-of-production.
a. Straight-line depreciation expense for Year 1: [Depreciation rate] * [Machine cost]
b. Double-declining-balance depreciation expense for Year 1: [Depreciation rate] * [Book value at the beginning of the year]
c. Units-of-production depreciation expense for Year 1: [Depreciation per unit] * [Units produced in Year 1]
a. Straight-line depreciation evenly allocates the cost of the machine over its useful life. To calculate the depreciation expense for Year 1, we need the depreciation rate. The formula is: Depreciation rate = 1 / [Useful life]. Since we are not provided with the useful life or any salvage value, let's assume a useful life of 5 years. Therefore, the depreciation rate would be 1/5 or 0.2. To calculate the depreciation expense for Year 1, we multiply the depreciation rate by the machine cost: 0.2 * [Machine cost].
b. Double-declining-balance depreciation front-loads the depreciation expense, reflecting a higher expense in the early years. To calculate the depreciation expense for Year 1, we need the depreciation rate. The formula is: Depreciation rate = 2 / [Useful life]. Let's assume a useful life of 5 years, so the depreciation rate would be 2/5 or 0.4. To calculate the depreciation expense for Year 1, we multiply the depreciation rate by the book value at the beginning of the year. Since this is Year 1, the book value is equal to the machine cost.
c. Units-of-production depreciation bases the expense on the number of units the machine produces. To calculate the depreciation expense for Year 1, we need the depreciation per unit. The formula is: Depreciation per unit = (Machine cost - Salvage value) / Total expected units. Without a salvage value or total expected units, we cannot calculate the depreciation per unit accurately. Therefore, we cannot determine the depreciation expense for Year 1 using the units-of-production method.
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Mort Silver owns a home. He estimates his expenses as mortgage interest, $10,180; property taxes, $3,690; insurance, $833; depreciation, $3,800; maintenance and repairs, $900; lost interest income, $2,375; and utilities, $2,450. He expects to save $3,700 in income taxes. What is his net cost of home ownership?
Answer:
$17,528.00
Explanation:
The net cost of home-ownership will be the expenses minus savings.
Mortgage interests: $10,180
Property taxes :$3,690
Insurance :$833
Depreciation :$800
Maintenance and repairs :$900
Loss interest income :$2,375
Utilities: $2,450
The total expenses
= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450
=$21,228
Savings
=$21,228 - $3,700
=$17,528.00
Question 5 of 10
Which individual is most likely carrying the greatest financial responsibility?
OA. Grace, 35 years old, married marketing associate with two small
children and a new house
B. Trevor, 41 years old, contractor, married with no dependents and
rents an apartment
OC. Muriel, 51 years old, unmarried vice president of marketing with no
children
OD. Jonah, 18 years old, marketing major in a community college
SUBMIT
4
In this scenario most likely, Grace, 35 years old, married marketing associate with two small children and a new house, is bearing the most financial responsibility.
What is Financial Responsibility?Being financially responsible is being able to take care of yourself, people who depend on you, and your debts on time. It also involves not taking on more debt than you can manage. In order to avoid financial catastrophe, it also entails being ready for the unexpected. Your ability to handle your money will help you improve your credit score, purchase a home, and keep an emergency fund. You can use it to budget for the things you want or quit a job you despise.
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project planning is a dynamic task and involves constant change. true or false?
The given statement, "Project planning is a dynamic task and involves constant change" is true because project planning involves constant change due to various factors such as new information, changes in stakeholder requirements, unexpected challenges, and shifting priorities.
Project planning is a dynamic task that involves constant change as project managers and team members adjust to changing circumstances, unexpected challenges, and new information. As a project progresses, new risks may emerge, resources may become scarce, deadlines may shift, and stakeholder priorities may change, all of which require project plans to be modified accordingly.
Effective project planning involves anticipating potential changes and building in flexibility the project plan to accommodate them. This may involve developing contingency plans, establishing communication channels to facilitate rapid decision-making, and incorporating regular checkpoints and reviews to assess progress and adjust plans as necessary. By embracing change as an inherent aspect of project planning, project managers and teams can better navigate unexpected challenges and deliver successful outcomes.
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Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
What historically has been the driving force behind the expanding responsibilities of the federal government?.
Historically, what has been the driving force behind the expanding responsibilities of the federal government is because the American people have asked the federal government to do more in the face of economic and social change.
What is the expanding responsibilities of the federal government?The federal government, which is simply referred to as Washington, is composed of three distinct branches which are legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively.
Those powers and duties of these governmental branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court.
Some examples of an expanded powers of the federal government in the U.S. Constitution includes the power to coin money, to regulate commerce to declare war, to raise and maintain armed forces, and to establish a Post Office.
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a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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Obi was a successful college athlete who now runs his own business, but his spending for his “image” has gotten him into financial trouble, adding to his student loan debt.
1) Why can't Obi make ends meet on $80,000/year? What are his "blind spots?"
2) Why does Dan Rosensweig say that your personal financial life should be run like a business? What is step one?
3) Why is personal debt so detrimental to someone who is running their own business?
4) How important is it for people to understand how (student) debt works, for example, why paying it down faster is desirable?
5) Do you think it was eye-opening for Obi to write down every dollar he spent for a period of time? Have you ever done that?
6) What lesson did he learn from Ronnie Lott? What did Obi do to demonstrate that he learned something from him?
7) Do you think Obi will be successful? Why?
8) How did you feel about the financial product promotions within the video? Do you think these are useful products for people in similar situations?
Answer:
The question is so long. I don't know :)
In general, an inverse relationship exists between:
a
b
human capital and income
education and unemployment
supply and price
education and earnings
d
Answer:
Explanation:
B
In general, it can be said that there exists an inverse relationship between the factors like education and unemployment in a society. Therefore, the option B holds true.
What is the significance of education and unemployment?The rate of education can be referred to as a proportion in which the total population of any given region gets educated. Unemployment rate refers to as the total population in any given region who do not have any employment or earning.
When the rate of education increases, the rate of unemployment decreases and vice versa. Thus, it can easily be concluded that there is an existence of inverse relationship between the rates of education and unemployment.
Therefore, the option B holds true and states regarding the inverse relationship between education and employment.
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Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.
Which of the following recruitment step is demonstrated by placing an ad
within the classifieds section of a newspaper?
A. Determine availability of qualified candidates
B. Post job and implement recruitment plan
C. Develop position description
D. Identify open positions and evaluate need
Answer:
D
Explanation:
What type of business sells to the end consumer
Answer:
business-to- consumer (B2C)
Explanation:
Commerce is a business model which typically involves the buying and selling of goods or products at a given price.
Generally, commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Consumer to Consumer (C2C).
3. Business to Government (B2G).
4. Business to Consumer (B2C).
A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.
Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).
Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.
Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict
A conflict between a supervisor and a subordinate can be described as Interpersonal conflict.
What is interpersonal conflict?Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.
When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.
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Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
When the federal government finances deficits by borrowing from the loanable funds market, which of the following effects occurs?1. The demand for loanable funds increases2. The supply of loanable funds increases3. The real interest rate increases
The correct option is not listed. The statement "The supply of loanable funds increases" is incorrect. Instead, the supply of loanable funds decreases. So, options 1 and 3 are correct, while option 2 is incorrect.
When the federal government finances deficits by borrowing from the loanable funds market, the following effects occur:
The demand for loanable funds increases: The federal government's borrowing increases the demand for loanable funds in the market, as the government competes with other borrowers for available funds.
The supply of loanable funds decreases: The government's borrowing reduces the amount of funds available to other borrowers, such as households and firms, thereby reducing the supply of loanable funds.
The real interest rate increases: The increase in demand for loanable funds and the decrease in supply lead to an increase in the real interest rate, which is the price paid for borrowing funds in the market. The increase in the real interest rate can lead to a reduction in investment and consumption spending by households and firms, as borrowing becomes more expensive.
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bookworm corporation maintains ending inventory for each month at 10% of the following month's sales. it predicted the following sales (in units) for the first four months of the coming year: january february march april sales (units) 3,700 4,100 4,700 4,500 how many units should be produced in march?
The predicted the following sales (in units) for the first four months is 4500 units.
How does inventory work?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
The importance of inventoryHaving a good inventory management system in place is crucial for any organization, regardless of its size. You can use it to calculate the exact prices and keep track of all your goods. You may manage rapid variations in demand with its aid while maintaining the quality of your products and the experience of your customers.
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