Answers
Debit: Creditors (Accounts Payable) 9,000
Credit: Cash 8,100
Credit: Discount Allowed 900
Related Questions
An entrepreneur is looking to open a restaurant in a town with only one other restaurant. The incumbent restaurant is very successful with high profits. Which of the following business strategies are most likely to allow the entrepreneur to start a profitable restaurant? Select all that apply. Offer the most popular dish served by the incumbent restaurant. Open the restaurant location near the incumbent restaurant. Use new technology and business practices to cut variable costs lower than the incumbent restaurant. Specialize in a type of cuisine not served by other restaurants in the region.
Answers
Answer:
Options C and D would be the correct options.
Explanation:
The technological innovation will decrease costs and raise income, even though the other establishment launches a trade dispute, it seems to be profitable. Specializing in some other quality of diet creates significant consumers and that could stick to something like a restaurant that will boost the product revenue and profit.Fining the least expensive could begin price competition and that it's necessary to play on quality to make costing fewer costly. The upscale steakhouse may have cheaper price capacities than that of the new ones. Specializing in almost the same product will boost rivalry, although with the old store, that the very first leading benefit is.Many alternatives have no relation to the given instance. Therefore the answer to the above seems to be the right one.
Inheriting someone else’s _______ is one of the drawbacks of buying an existing business.
You make a business plan _______ you open your business.
Kinkos is an example of a _______.
One of the challenges of a new business is coming up with a workable _______.
Based on your reading, respond to the following.
List two ways to reduce the feeling of loneliness that can occur when you have your own business.
List two of the three “pro” reasons for starting your own business.
Answers
Answer:
problems
before
franchise
idea
Any two of these:
Make time to meet with clients instead of talking on the phone.
Join a business networking group.
Take business colleagues or prospects out to lunch at least once a week.
Teach a workshop in your field at the community college.
Any two of these
Freedom
Creativity
Profit
Explanation:
pf
The correct will be Answer:
Problems Before Franchise Idea Any of the two of these: When Make time to meet with the clients instead of talking on the phone. Then Join to a business with networking group. Take any business colleagues or and prospects out to lunch at least once a week. Teach any subject to a workshop in your field at the community college. The three “pro” reasons for starting your own business. Any two of these Freedom Creativity Profitself-employedLearn more about:
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What is opportunity cost?
The tax that is paid on income
The fees that are paid for education
the value of an alternative you give up
the interest paid on a long-term investment
Answers
The percentages in the table represent the performance change from the previous month. Consider the impact of
each metric on customer questions.
Metric
Month :
Month 2| Month 3
% Customer Questions
+8%
+10%
+12%
% Shipped On Time
-10%
-7%
-5%
% Shipped Incorrectly
+2%
+4%
+4%
% Discounted
+18%
+18%
+14%
Units Shipped (Thousands)
80
85
100
How impactful was high shipping demand on
customer questions?
Answers
The high shipping demand on customer questions was very impactful, because customers are expecting perfection when it comes to online shopping
How to illustrate the information?The need for goods among the final consumers generates the need for shipping. The demand for shipping is derived rather than a direct demand.
Customers expect perfection when it comes to business so it has a big impact. In this particular process, most business largely failed to satisfy the customer (shipping process). The impacts that can be had are listed below.
In this situation, the high cost causes the customer anxiety, Customers form a negative opinion of the business and are skeptical.
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Which letter represents the phase of the business cycle when businesses hire more workers, which
leads to greater consumer spending?
A) A
B) B
C) C
D) D
Answers
Answer:
b
Explanation:
i mean it higher then them all
businesses use organisational structure which is based around project but employee stay in their department
Answers
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality steaks and other premium offerings. Assume the information below is from a recent annual report:
a. Common stock, $0.01 par value; 100,160,000 shares authorized; 23,383,356 issued and outstanding at the end of the current year, 23,215,356 issued and outstanding at the end of last year.
b. Additional paid-in capital: $198,389,000 at the end of the current year and $169,431,000 at the end of last year.
c. Retained earnings / (accumulated deficit): ($80,897,000) at the end of last year.
d. In the current year, net income was $54,083,000 and a cash dividend of $7,138,000 was paid.
Required: Prepare the stockholders’ equity section of the balance sheet to reflect the above information for the current year and last year.
ABE'S STEAKHOUSE
Balance Sheet (Partial) Current Year Last Year
Shareholders' equity: ??? ???
Additional paid-in capital ??? ???
Accumulated deficit ??? ???
Total shareholders' equity ??? ???
Answers
Here is the stockholders’ equity section of the balance sheet for Abe's Steakhouse:
The stockholders’ equityABE'S STEAKHOUSE
Balance Sheet (Partial)
Current Year Last Year
Shareholders' equity: Shareholders' equity:
Common stock ($0.01 par value; 100,160,000 shares authorized; 23,383,356 issued and outstanding) Common stock ($0.01 par value; 100,160,000 shares authorized; 23,215,356 issued and outstanding)
* $233,833 | $232,154
Additional paid-in capital | Additional paid-in capital
* $198,389 | $169,431
Retained earnings | Accumulated deficit
* $46,945 | $(80,897)
Total shareholders' equity | Total shareholders' equity
* $448,267 | $(37,744)
I have made the following adjustments to the information provided:
I have multiplied the number of shares outstanding by the par value of $0.01 to calculate the amount of common stock.
I have added the additional paid-in capital to the common stock to calculate the total contributed capital.
I have added the retained earnings (or accumulated deficit) to the total contributed capital to calculate the total shareholders' equity.
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A person or company that sells goods and or services to customers customer is called a
Answers
Answer: vendor
Explanation: A vendor is a general term for anyone who buys and sells goods or services. A vendor purchases products and services and then sells them to another company or individual. Large retailers, like Target, rely on many different vendors to supply products, which it buys at wholesale prices and sells at higher retail prices.
The owner of Kat Motel wants to develop a time standard for the task of cleaning a cat cage. In a preliminary study, she observed one of her workers perform this task six times, with the following results:
Observation
1
2
3
4
5
6
52
Time (seconds)
27
30
54
69.8
98
What is the standard time for this task if the employee performance rating is 5.9% percent, and an allowance of 10.8 percent of job time is used?
seconds
Answers
Given: 1 2 3 4 6 Observation Time 5 93 99 87 90 81 90. Observed Time = Average of 6 samples -> ( 99+87 + 90 + 81 + 93 + 90 )/6 = 90. This observed time is at 50% faster rate. Hence Normal Time would be 90*3/2 = 135 seconds.
Standard Time : The standard time for a job can be obtained by multiplying the normal time by an appropriate allowance factor. Hence Standard Time = 135*1.1 = 148.5 ~ 150 seconds.
The synchronisation of clocks inside an area of geography to a single time standard, instead of a local mean time standard, is known as standard time. In general, standard time agrees with local mean time at a few meridian that passes through the area, usually near the centre. Standard time was established in the nineteenth century to help with weather forecasting as well as train travel. Geographical regions became time zones when they were applied globally in the twentieth century.
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Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%.
You estimate that a passive portfolio invested to mimic the S&P 500 stock index yields an expected rate of return of 13% with a standard deviation of 25%.
What is the slope of the CML? (Round your answer to 2 decimal places.)
Answers
Answer:
The slope of the CML = (13% - 7%)/25% = 0.24
Explanation:
Given that:
expected rate of return of 17%
standard deviation of 27%.
The T-bill rate is 7%.
You estimate that a passive portfolio invested to mimic the S&P 500 stock index yields an expected rate of return of 13% with a standard deviation of 25%.
The slope of the CML is
Slope of the CML = (Expected return of Market - Risk free return)/Standard deviation of market
The slope of the CML = (13% - 7%)/25% = 0.24
= (0.13 - 0.07) /0.25
= 0.24
list and identify donors restrictions about net asset and change in net asset.
Answers
Net assets with donor restrictions – The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions.
How do you define an asset?An asset is something with monetary worth and/or potential reward. A machine, a financial instrument, or a patent are examples of assets that frequently provide cash flows in the future. Personal property can include a home, car, investments, works of art, or household items.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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the financial futures market multiple choice is of particular value to small investors in managing their portfolios. is a place in chicago where future stocks are traded. allows for the delivery of financial instruments at a future point in time. is a place in chicago where future stocks are traded and is of particular value to small investors in managing their portfolios
Answers
The delivery of financial products at a later date is made possible via the financial futures market. Investors have the option to protect themselves against price fluctuations thanks to the financial futures market.
What are futures markets for finances?A commodity asset and security will be purchased or sold under a futures contract at a specified price and future date. Futures markets like the CME Group are where futures contracts, or just "futures," are traded. To trade futures, a brokerage account must be approved.
What kinds of financial futures are there?Equity future, futures contracts, futures markets, futures contracts, bank rate future prospects, VIX future prospects, and other forms of futures contracts are among the various types of futures contracts. All futures products share the same basic idea.
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Why Probablity Sampling is generally preferred in comparison to non-probability samping
Answers
Probability gives all people a chance of being selected and makes results more likely to accurately reflect the entire population. That is not the case for non-probability.
In a perfect world you could always use a probability-based sample, but in reality, you have to consider the other factors affecting your results (availability, cost, time, what you want to say about results). It is also possible to use both different types for the same project.
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77. Identify a potential risk for businesses using E-Commerce. a. increased customer satisfaction b. the possibility of fraudulent transactions c. inconvenience of returns d. none of the above
Answers
Answer:
B. The possibility of fraudulent transactions.
Explanation:
In recent times, it is well known and well known that marketplaces have also included the buying and selling in different other levels which E-commerce has thrived in many ways and are tested to be worth a while. In as much as it is good, e-commerce business in recent times has given a lot of exposure and access to a larger audience. And this has been learnt to have not certainly been possible to achieve through conventional retailing methods. In as much as it is loved by a reasonable amount of people, it is seen to have also made business owners and customers prone to serious security threats; which may include forms like online security breach, client disputes and refunds
Violation of Intellectual property, credit cards scams, poor customer service only to mention but few which are risky too.
Breaches of this form are seen to the risks that can affect your business and you can bear the loss if they are not addressed properly.
Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for the higher amount, assuming both parties are merchants?
Mack’s offer becomes a counteroffer in this transaction, and Yolanda is the offeree.
Mack’s change of terms is incorporated into the standing deal.
Mack cannot make a new offer under UCC – he can only accept or reject Yolanda’s standing offer.
Mack’s offer negates the terms of the contract, and a new contract must be drawn up when both parties can meet.
Answers
Answer: D
Explanation:
PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answers
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
Answers
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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6. Suppose that the consensus forecast of security analysts of your favorite company is that earnings next year will be $5.00 per share. The company plows back 50% of its earnings and if the Chief Financial Officer (CFO) estimates that the company's return on equity (ROE) is 16%. Assuming the plowback ratio and the ROE are expected to remain constant forever: Suppose that you are confident that 10% is the required rate of return on the stock. What does the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity? (please give a number) 1 point
Answers
10.0000%, market price of $50.00 per share imply about the market's estimate of the company's expected return on equity.
The given amount is;
The market price of $50.00 per share.The company's expected return on equity is 10%.ROE x blowback ratio16.0000% x 50.0000%8.0000%Because the needed rate of return to the stock is 10%, the market's assessment of the company's expected return on equity is greater than that derived using the plowback ratio and the ROE.
As a result, the significance of the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity are the aforementioned.
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What does this picture reminds you of a nightmare of give 2-4 sentences
Answers
This picture reminds you of a nightmare as it looks scary and threatening and seems like blood coming from eyes indicated through red color.
What is a nightmare?Nightmares are a condition that is closely linked to tension, stress, and trauma. Physiological well-being is regarded as a problem in this condition, and it is frequently a symptom of the fundamental and curable disorder.
As well as emerging in combination with horrific memories and other psychiatric conditions like depression, cognitive deficits, and bipolar disorder, nightmares are more common during stressful times.
In the given case, the picture is shown as a nightmare as it is scary developing fear in an individual with its effects like red color liquid coming from the eyes which can be denoted as blood.
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please help accounting 1 ASAP!
Answers
Please do provide more information, like account names, debits and credits. I don't see the full picture here.
What is a product market AND how do I choose a product market . Pls help quick!!!!
Answers
Answer:
Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.
(a) Consider the production of apple juice. If the supply of apple juice increased, did the marginal cost of
production of apple juice increase or decrease?
(b) Suppose that Sprite and Pepsi are substitutes in production. If the supply of Pepsi increased, did the
price of Sprite increase or decrease?
(c) Suppose that milk and beef are complements in production. If the supply of milk increased, did the
price of beef increase or decrease?
(d) Consider the market for orange juice. If the supply of orange juice stayed constant and the equilibrium
quantity exchanged of orange juice increased, did the demand for orange juice increase or decrease?
(e) Consider the market for grape juice. If the demand for grape juice stayed constant and the equilibrium
price of grape juice increased, did the supply of grape juice increase or decrease?
(f) Consider the market for Kool-Aid. If the demand for Kool-Aid increased and the supply for Kool-Aid
increased, did the equilibrium quantity exchanged increase or decrease?
Answers
Answer (a)
An increase in supply of apple juice means there's a decrease in the marginal cost of production.
Explanation: the marginal cost of production is the cost added by producing one additional unit of a product or service. Increasing supply spreads out the fixed cost of production, lowering the marginal cost of producing the next apple juice.
Answer (b)
B. An increase in the supply of Pepsi means there is an increase in price of sprite.
Explanation: increase in supply of Pepsi means there's a reduction in demand of sprite, which can be as a result of a price increase causing customers to shift towards the substitute.
Answer (c)
if the supply of milk increased, then there's a decrease in price of beef.
Explanation: since they are complement goods, an increase in supply of milk means that suppliers are supplying more milk due to an increasing demand of beef as a result of a reduction in the price of beef.
Answer (d)
If the supply of orange juice stayed constant and the equilibrium
quantity exchanged of orange juice increased, then the demand for orange juice increased.
Explanation: Equilibrium quantity is when there is no shortage or surplus of a product in the market. On a plot of demand and supply, the two will intersect at the equilibrium quantity. If the supply is held constant and the value of equilibrium quantity increases, then it means that the demand increased.
Answer (e)
If the demand for grape juice stayed constant and the equilibrium
price of grape juice increased, then the supply of grape juice decreased.
Answer (f)
If the demand for Kool-Aid increased and the supply for Kool-Aid
increased, then the equilibrium quantity exchange increases.
Explanation: since both demand and supply increased, then their point of intersection will increase since there'll be no surplus or lack.
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
What media format provides ads that do not disappear from sight or hearing
within a matter of moments?
A. Loud speaker announcements
B. Print publications
C. Television
O D. Radio
SUBMIT
Answers
Answer:
B. Print Publications
Explanation:
Speaker announcements, television, and radio ads disappear after the ad is done. But, printed ads stay on the paper.
Print publications media format provides ads that do not disappear from sight or hearing within a matter of moments. The correct option is B.
Why is print advertisement important?Print advertisements enable businesses to reach out to these consumers and market their products or services. Print ads are ideal for local businesses: Print ads can be used by local businesses to target consumers in their area. This is an excellent strategy to raise brand recognition and gain the trust of potential customers.
Print advertising refers to advertisements that are printed in hard copy in publications that your target audience is likely to read. Benefits: By purchasing an advertisement in a large circulation magazine, you boost your chances of reaching a large audience.
Thus, the ideal selection is option B.
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A company reports the following:
Sales $720,510
Average accounts receivable (net) 34,310
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
Answers
Answer:
Account Receivable turnover-net credit sales/average account recievable
720510/34310 equal to 21
Explanation:
a) The accounts receivable turnover is 20.99
b) The number of days' sales in receivables is 17.4 days.
The accounts receivable turnover can be calculated as
Accounts Receivable Turnover = Sales / Average Accounts Receivable (Net)
Accounts Receivable Turnover = $720,510 / $34,310
Accounts Receivable Turnover = 20.99
(b) The number of days' sales in receivables can be calculated as:
Number of Days' Sales in Receivables = 365 days / Accounts Receivable Turnover
Number of Days' Sales in Receivables = 365 days / 20.99
Number of Days' Sales in Receivables = 17.4 days
Therefore, the accounts receivable turnover is 20.99 and the number of days' sales in receivables is 17.4 days.
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If the quantity supplied of money exceeds the quantity demanded, people will
a. sell bonds, thus driving up the interest rate.
b. sell bonds, thus driving down the interest rate.
c. buy bonds, thus driving up the interest rate.
d. buy bonds, thus driving down the interest rate.
Answers
b). When the quantity supplied of money exceeds the quantity demanded, people will sell bonds, thus driving down the interest rate.
When the quantity supplied of money exceeds the quantity demanded, it means there is an excess supply of money in the economy. This excess supply of money can lead to deflationary pressure in the economy, causing the prices of goods and services to decrease.
To counteract this deflationary pressure, people will sell bonds to increase the demand for money and thus reduce the interest rate. This will reduce the risk of prices falling and help to maintain the stability of the economy.
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Which statement describes gross income?
A.The take-home pay after taxes but before benefits are deducted.
B. The amount left after taxes and benefits are deducted.
C.The total amount of earned salary or wages.
D. The total amount of your paycheck.
Answers
The earned salary or wages paid to an employee by a company for work done before necessary deduction like Tax is termed "Gross Income".
Let understand that "Gross income" in this context refers to salary or wage collected by workers, not one used in preparation of Income Statement for a month or year ended.
Usually, the amount that an employee or labor is entitled to, for his services to an organization or institution is termed Gross Income.After necessary deductions by the employer for Taxes, Insurance, Benefit etc, then, the remaining amount paid to the employee is known as Net Income.In conclusion, the total amount of earned salary or wages best described the Gross Income.
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Answer:
D
Explanation:
A company currently has two product lines and is considering dropping
Product XYZ. Product ABC Product XYZ
Total Sales revenue $90,000 $60,000 $150,000
Cost of goods sold (all variable) $35,000 $40,000 $75,000
Contribution margin $55,000 $20,000 $75,000
Fixed costs $30,000 $25,000 $55,000
Operating Profit (Loss) $25,000 ($5,000) $20,000
Of the $55,000 of total fixed costs, $30,000 is rent. Each product is allocated $15,000. The rent will continue even if the product is dropped. The rest of the fixed costs are related to each product and would be saved if the product was dropped.
Required:
Should Product XYZ be dropped?
Answers
Answer:
Product XYZ should not be dropped. Because it is bringing a profit contribution of $5,000 towards fixed costs.
Explanation:
Calculating the Profit Contribution of Product XYZ
Sales revenue $60,000
Less Cost of Goods Sold ($40,000)
Contribution Margin $20,000
Less Traceable Fixed Costs ($30,000 - $15,000) ($15,000)
Profit Contribution $5,000
Hint : Remove the fixed cost element centrally controlled from Product XYZ fixed costs.
Since Product XYZ is bringing a profit contribution of $5,000 towards the fixed costs, it should not be dropped.
Which of the following statements best explains why income alone does not determine
wealth?
Investing is the only factor that contributes to wealth building,
How much money a person makes does not dictate his or her spending and saving
behavior.
Income alone does determine a person's wealth.
Only people who are natural savers can become wealthy.
Answers
Answer:
\(\boxed {\boxed {\sf B. \ How \ much \ money \ a \ person \ makes \ doesn't \ dicate \ their \ spending/saving \ behaivor }}\)
Explanation:
Wealth is the amount of assets someone has, minus the debts.
It is made up of a variety of assets, like cars/vehicles, homes/real estate, stocks, savings, income, bonds, and more.
In addition, the debts have to be subtracted. Each person has a different amount of debt, depending on their situation (education, home, vehicle, business, etc). Also, everyone spends different amounts of money, and saves differently.
So, the best answer is: how much money a person makes does not dictate his or her spending and saving behavior.
8. How much money does Carrie have left over after creating her budget?
Where can she make adjustments so that her budget is balanced and income is equal to
expenses?
9. If Carrie decides to continue living on her own, how can she alter her monthly
budget to pay for the $300.00 rent increase? Give specific suggestions.
10. If Carrie decides to have a roommate, how would this alter her current budget?
Approximately how much money would that save Carrie per month?
11. What are other solutions Carrie and Bryce did not think of?
12. What final pieces of advice can Bryce offer Carrie in order to best handle the rent increase
and stay in her apartment? Explain your answer.
Answers
Carrie can cut back on discretionary spending, decrease her living space, bargain with service providers, apply for public assistance programmes, or try to earn more money through side jobs or freelance work in order to balance her budget.
Which of the following offers a good illustration of a freelancing market?Upwork. A platform called Upwork connects you with both short- and long-term clients in the freelance sector. It provides prospects for freelance work in a variety of industries, including software development, graphic design, sales, and marketing.
How would you define a freelancer?A freelancer is someone who covers stories of their own choosing independently and then sells their material to the highest bidder. A web designer or app developer that solely works on specific projects for clients is another example.
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