Cash received from customers: $659,500. Cash paid for rent: $101,062. Cash paid for inventory: $288,125
To calculate cash received from customers, we need to determine the change in accounts receivable. The formula is: Cash received from customers = Sales + Beginning accounts receivable - Ending accounts receivable. Substituting the values, we get $650,000 + $25,000 - $34,500 = $659,500.
To calculate cash paid for rent, we need to determine the change in rent payable. The formula is: Cash paid for rent = Rent expense + Beginning rent payable - Ending rent payable. Substituting the values, we get $100,200 + $13,300 - $11,438 = $101,062.
To calculate cash paid for inventory, we need to determine the change in accounts payable. The formula is: Cash paid for inventory = Cost of goods sold + Beginning accounts payable - Ending accounts payable. Substituting the values, we get $672,000 + $87,494 - $108,493 = $288,125.
Based on the given information, the cash received from customers is $659,500, the cash paid for rent is $101,062, and the cash paid for inventory is $288,125. These calculations help determine the cash flows associated with sales, rent expenses, and inventory purchases, which are essential for financial analysis and managing cash flow in a business.
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The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16
Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.
Answer:
D
Explanation:
Which plan would most likely NOT help you reach the savings needed for college?
D. Start saving about two months before college begins
The Brady family have a weekly budget of €200 to be spent on Food (F) and Other Goods (OG), which are initially equally priced at €10 and €20 per unit, respectively. Given recent inflation, the government has concerns about the ability of large families to afford an adequate diet for children. Due to this, the government announces that when Food consumption exceeds 12 units, the government will subsidise food consumption so that the price per subsequent unit will be €5 for any family. With Food on the horizontal axis, show the family’s pre and post-scheme budget line. Can we definitively determine the family’s utility maximising consumption bundle as a result of the government scheme?
The post-scheme budget line will have a different slope beyond 12 units of food consumption.
Before the government scheme, the budget line of the brady family can be represented by the equation:
10f + 20og = 200
to determine the pre-scheme budget line, we can rearrange the equation as follows:
og = (200 - 10f) / 20
now, with the government scheme, when food consumption exceeds 12 units (f > 12), the price per subsequent unit is reduced to €5. this means that for any food consumption beyond 12 units, the price per unit is fixed at €5. let's calculate the pre-scheme and post-scheme budget lines for the brady family:
1. pre-scheme budget line:og = (200 - 10f) / 20
2. post-scheme budget line:
for f ≤ 12: og = (200 - 10f) / 20for f > 12: og = (200 - (12 * 10) - (f - 12) * 5) / 20
to graphically represent the pre and post-scheme budget lines, we plot the quantity of food (f) on the horizontal axis and the quantity of other goods (og) on the vertical axis. we can then draw the two budget lines using the equations above.
however, we cannot definitively determine the family's utility-maximizing consumption bundle solely based on the government scheme. utility maximization depends on individual preferences and the specific utility function of the family. to determine the optimal consumption bundle, we need information about the family's preferences, such as their utility function or indifference curves.
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What is the craziest thing you've ever done, and would you do it again?
If you could do anything knowing you would not fail, what would you do?
If a genie granted you three wishes right now, what would you wish for?
What's your biggest regret in life?
What do you think about when you're by yourself?
Answer:
01) yh for sure I'll do it again... I always doing it like staring to stranger eyes till they getting shy
02)my exams gosh
03)having my bff again.
being a good girl
nvm nothing else
04) having a stu.pid relationship with a boy nvm
05)sensitive
during the closing process, how can you ensure the project has satisfied its goals and desired outcomes? select all that apply.
During the closing process, the following approaches can help ensure the project has met its goals and desired outcomes:1. Review the project objectives and deliverables:
Evaluate the original project objectives and deliverables against the actual project outputs and deliverables.2. Conduct a performance analysis: Perform an analysis to determine if the project is achieving its desired outcomes. This analysis may involve stakeholder surveys or focus groups to gather feedback on project performance.3. Assess the team’s satisfaction: Evaluate the team's satisfaction with the project outcome.
Conduct an internal review of the team's performance to determine if they were satisfied with their work.4. Verify that all project activities are complete: Verify that all project activities are complete and that all deliverables have been produced.5. Measure the results: Measure the project results to determine if they align with the project objectives. This may involve comparing actual results with expected results and determining if the project achieved its desired outcomes.6. Obtain formal acceptance: Obtain formal acceptance from the stakeholders to ensure that they are satisfied with the project's outcome.
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True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answer:
that would be true
Explanation:
based on the information in this case, would you say that netflix primarily uses content-based filtering, collaborative filtering, or both? describe your answer.
Based on the information provided in this case, Netflix primarily uses collaborative filtering.What is Collaborative Filtering?Collaborative filtering is an algorithmic technique used by recommender systems. It is used to provide users with recommendations based on their past behavior, likes, and dislikes, as well as similar actions taken by other users.In other words, the algorithm is based on the principle that people who agreed on something in the past are likely to agree on something again in the future. As a result, Netflix relies on data collected from other users, analyzing what people watch, what they rate highly, and what they share to provide personalized recommendations to each of its subscribers.In contrast, content-based filtering depends on analyzing the properties of an item and recommending items with similar properties. For example, it might suggest movies with similar genres or directors based on what you’ve watched before. Netflix may use this technique to some extent, but it is less prevalent in the platform's recommendation algorithm because it is more challenging to implement.
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Explain the role of public relations in developing and maintaining a corporate image.
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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On February 1, 2020, Pat Weaver Inc. (PWI) issued 10%, $1,700,000 bonds for $2,000,000. PWI retired all of these bonds on January 1, 2021, at 103. Unamortized bond premium on that date was $175,100. How much gain or loss should be recognized on this bond retirement?
multiple choice:
a) 200,000 gain
b)124,100 gain
c) 0 gain
d) 170,000 gain
On January 1, 2021, PWI retired all bonds at 103. Therefore, the purchase price was $1,700,000 x 103% = $1,751,000. The unamortized bond premium was $175,100.
$1,751,000 − $175,100 = $1,575,900, which was the cost of the bonds.A $2,000,000 bond issue was sold for $300,100 over its face value of $1,700,000. The bond premium of $300,100 was amortized over the ten-year life of the bonds. This was at the rate of $30,010 ($300,100/10) per year. The bonds were outstanding for 11/12 of 2020, or eight months (February through September).
Interest Expense = $1,700,000 × 10% × 8/12 = $113,333.Amortization of Bond Premium = $30,010 × 8/12 = $20,007.Bond Interest Payable was recorded in 2020 and was paid in 2021. Therefore, no entry was necessary on January 1, 2021.Bonds Payable: $1,700,000.
Prepare the journal entry to record the retirement of the bonds. This entry will include:Debit Bonds Payable for $1,700,000.Credit Cash for $1,751,000.Credit Loss on Bond Retirement for $74,100 ($1,751,000 − $1,575,900).Loss on Bond Retirement = $74,100, so the answer is not on the given options. Therefore, the correct answer is option E) $74,100 loss.
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Name three primary objectives for human resource departments on social media.
Answer:
Three common objectives for HR social media are strong internal social media platforms supporting the corporate culture, building internal social media channels and personas representing employees, and establishing a strong brand name on the main social media platforms supporting the business strategy.
Explanation:
Hope This Helps!
A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
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Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation:
In general, which TWO characteristics define a "small" business?
A. Fewer than 1,500 employees
B. Non-profit
C. Between 500 and 2,500 employees
D. Less than $35.5 million revenue
E. No more than $200,000 in sales
Small business includes business privately owned, through partnership or sole proprietorship and has fewer employees and revenue lesser than a regular-sized business.
Examples of Small business are Personal Trainers, Local Auto Repairs, Fair Online Stores, Home care services etc
The major characteristic of small business are
Lower Revenue and Profit Lower EmployeesSmall Market Area Sole or Partnership OwnershipLearn more about small business here
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Answer:
A. Fewer than 1,500 employees
D. Less than $35.5 million revenue
Explanation:
-These characteristics define a small business
(I took a test and got it right, sorry that I don't have a further explanation)
In terms of SUPPLY, what factors have contributed to the fall in oil prices?
What are examples of workers rights?
An American organic potato-chip company has decided to consider global expansion. It has done its market research and found that there is a comparable market for its products. In addition, it has found the required distributors and a potential manufacturing location overseas. However, in the United States, its chips have regional themes, such as Saucy Southern Barbeque and Spicy Southwest Chili flavors, which will not easily translate into markets outside the United States. How could the company address this issue while maintaining the identifiable elements of the brand when expanding globally?
There are various strategies for addressing this issue regardless of which one you eventually adopt, you must change any of the elements of the marketing mix; two possible strategies are listed below.
How to illustrate the information?Product customization:
Changing the recipe for potato chips with the most similar flavors in the new region where the potato is distributed. It is difficult to predict how the chip flavor will be replicated in the global market, so looking for identifiable flavors per region while maintaining the brand's colors, advertising, price, and quality keeps the brand's identity untouchable even as the final product expands its lines.
Making changes to the promotion:
If changing recipes is too difficult for the product team, advertising campaigns will create a brand identity for different regions. For this, the packaging languages may change, and the methods of promotion in each region (TV, internet, influencers) may be considered to introduce the product in each region.
Alternatively, you could consider keeping the brand original and launching a strong pull marketing campaign to position the product as an International product.
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An economist wants to know how demand for Persian rugs changes when the price of Persian rugs increases. At the same time, a recession starts to change people's income.
A. The ceteris paribus assumption applies to this situation.
B. The ceteris paribus assumption does not apply to this situation.
The ceteris paribus assumption does not apply to this situation as all other things does not remain equal
The Latin expression ceteris paribus, which means "keeping other things constant," is frequently translated into English as "everything else being equal." It serves as a quick indicator of the impact of one economic variable on another, assuming all other factors remain constant. It is a core tenet of conventional economic thinking (constant). When we state, "One variable influences another, ceteris paribus," we are, in a scientific sense, effectively adjusting for the effects of some other factors. Ceteris paribus presumptions assist in converting a social science that would otherwise be deductive into a "hard" science that is methodologically sound. It constructs a hypothetical set of guidelines and constraints within which economists can work toward a certain goal.
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Question 7 of 70
What Remarketing audiences cannot be defined by default?
Users who played a video on a website
Users who visited a specific page on a website
Users who speak a particular language
Users who visited a physical store
The remarketing audiences that cannot be defined by default are users who visited a physical store. Therefore, the correct option is option 4.
The reason is that online remarketing tools typically track user behavior and interactions on a website or app, but they cannot automatically track offline activities such as visiting a physical store. Hence, they do not have access to this information by default and it cannot track offline behavior.
Therefore, if you want to create remarketing audiences based on these criteria, you need to manually upload the data to these tools to track and collect the necessary information. In contrast, the other options involve online user behaviors that can be tracked and defined by default for remarketing purposes. Hence, the correct answer is option 4: Users who visited a physical store.
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The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw materials is considered a non-value activity.
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.
In January, suppose that a share of stock in Meyer, Inc. Had a price of $50 and that each share entitled its owner to $2 of Meyer, Inc. S profit. During the year, the price of a share of Meyer's stock rose to $100. The interest rate paid on the share in January was ____ percent. A) 2 B) 0. 02 C) 4 D) 25 show your work
The interest rate paid on the share in January was equal to the dividend yield, which was 4%. Option C (4) is the correct answer.
To calculate the interest rate paid on the share in January, we need to use the dividend yield formula:
Dividend Yield = Annual Dividend per Share / Price per Share
In January, the annual dividend per share was $2. We can calculate the dividend yield in January as:
Dividend Yield in January = $2 / $50 = 0.04 or 4%
Now, we need to calculate the total return on the stock from January to December. The total return includes both the change in the stock price and the dividends paid over the year. We can calculate the total return as:
Total Return = (Ending Price - Beginning Price + Dividends) / Beginning Price
In this case, the beginning price was $50, the ending price was $100, and the dividends paid over the year were $2 per share. So, we can calculate the total return as:
Total Return = ($100 - $50 + $2) / $50 = 1.04 or 104%
Therefore, the interest rate paid on the share in January was equal to the dividend yield, which was 4%. Option C (4) is the correct answer.
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n its recent income statement Tyler Toys Inc. reported $72.5 million of net income, and in its year-end balance sheet it reported $1,174 million of retained earnings. The previous year its balance sheet showed $1,131 million of retained earnings. What were the total dividends (in millions of dollars) paid to shareholders during the most recent year
What country is better for international business? Spain, Pakistan, Bangladesh or Brazil
Answer: Brazil
Explanation:
The National Income and Product Accounts allows us to relate ________ to ________ to ________. Group of answer choices household income; government income; firm income total output; total spending; inflation household income; household expenditure; total output total output; inflation; total income total output; total spending; total income
Answer:
gross domestic product (GDP), gross national product (GNP), and gross national income
Explanation:
The National Income and Product Accounts allows us to relate total output to total spending to total income. Therefore, option E is correct.
The National Income and Product Accounts (NIPA) is a system of economic measures used by the government to track and analyze the overall economic activity of a country.
It provides comprehensive data on national income, production, consumption, and investment. NIPA allows for the calculation of important indicators such as Gross Domestic Product (GDP), which measures the total value of goods and services produced within a country over a specific period.
By providing a framework to track income and output flows across different sectors, NIPA enables policymakers, economists, and analysts to monitor economic performance, make informed decisions, and assess the overall health of an economy.
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Most probably, your complete question is this:
The National Income and Product Accounts allows us to relate ________ to ________ to ________.
Group of answer choices
A. household income; government income; firm income
B. total output; total spending; inflation
C. household income; household expenditure; total output
D. total output; inflation; total income
E. total output; total spending; total income
Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment?
Answer: $7,500 preferred stock, $12,500 common stock
Explanation:
Given that:
Total cash Dividend = $20,000
Preferred stock:
5,000 shares of $15-par, 10%
Therefore ;
preferred stock balance = number of share × price × rate
5000 × $15 × 0.1 = $7,500
Balance of common stock is therefore ;
Total cash Dividend - balance of preferred stock
$20,000 - $7,500 = $12,500
A document that refers to a customer billing for merchandise bought on credit is called a(n):
Answer:
Invoice
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.
Suppose that instead of leasing the Accord, Nigel decides to buy the Honda Accord for $22,180. Would this contract need to be in writing to be enforceable?
L
Answer:
yes, pursuant to UCC, Section 2-201
Explanation:
Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.
In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.
An oral contract won't suffice In this case.
Garcia Co. Sells snowboards. Each snowboard requires direct materials of $112, direct labor of $42, and variable overhead of $57. The company expects fixed overhead costs of $659,000 and fixed selling and administrative costs of $125,000 for the next year. It expects to produce and sell 11,200 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 10% of total cost
Garcia Co. should sell each snowboard for $308.02 to achieve a 10% markup on the total cost per unit.
To calculate the selling price per unit, we need to determine the total cost per unit and then apply the markup of 10%.
First, let's calculate the total cost per unit:
Direct materials per unit = $112
Direct labor per unit = $42
Variable overhead per unit = $57
Fixed overhead per unit = ($659,000 ÷ 11,200 units) = $58.77
Fixed selling and administrative costs per unit = ($125,000 ÷ 11,200 units) = $11.16
Total cost per unit = Direct materials + Direct labor + Variable overhead + Fixed overhead + Fixed selling and administrative costs
Total cost per unit = $112 + $42 + $57 + $58.77 + $11.16
Total cost per unit = $280.93
Now, we can apply the markup of 10% to the total cost per unit to get the selling price per unit:
Markup price per unit = Total cost per unit x Markup percentage
Markup price per unit = $280.93 x 1.1
Markup price per unit = $308.02
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Suppose you and your friends decide to go to the beach during spring break. you need to fly from kansas city to miami the service. this market is best characterized as ___.
Let's say you and your friends decide to go to the beach for spring break. You need to fly a service from Kansas City to Miami. this market is best characterized as an oligopoly.
Some of the most prominent oligopolies in the United States are film and television production, recorded music, wireless carriers and airlines. From the 1980s onwards, it became common for the industry to be dominated by two or three of his companies. Merger agreements between major players have led to industry consolidation.
An oligopoly market is a market dominated by a few suppliers. They are found in all countries and in various industries. Some are competitive oligopolistic markets, while others are significantly less competitive, or at least appear to be.
High barriers to entry, pricing power, non-price competition, interdependence of firms, and product differentiation are all hallmarks of an oligopoly.
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Select the scenario that best demonstrates the entrepreneurial mindset of taking initiative and
being self-reliant
A. Jon starts a café in his town. He observes that due to a drop in the economy, his café is not doing as well as expected. He hopes his business will pick up again once the economy is strong again.
B. Linda is developing a music app. However, she gets stuck many times while
writing the code. She considers giving up on her app and working under an
experienced person to develop apps.
C. Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
D. Steve works as a pizza delivery boy, but wants to start his own pizza parlor. It
will be difficult to make time to implement his business plan, so he is going to wait
for a better time to start his business.
Answer:
c.Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
Explanation:
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bramble restaurant accepted a visa card in payment of a $200 lunch bill. the bank charges a 2ee. what entry should bramble make?
Assuming the bank charged a 2% fee on the $200 bill, the entry that Bramble Restaurant should make is:
Debit: Bank Account - $196
Credit: Sales Revenue - $200
Credit: Credit Card Fee Expense - $4
When Bramble Restaurant accepts payment by credit card, it needs to record both the payment received and the fees charged by the bank.
The debit to the bank account reflects the payment received from the customer, which is $196 after deducting the 2% fee charged by the bank.
The credit to the sales revenue account reduces the amount of revenue recognized for the sale by the full amount of the bill, which is $200 in this case.
Finally, the credit card fee expense account is used to record the expense incurred by Bramble Restaurant due to the fee charged by the bank, which is $4 in this case.
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