Ettective change involves
Select one:
a
How are the changesbeing implemented
b
process
c
what is being changed
d
content
e
none of the above
Answers
Effective change involves multiple factors, and it is not limited to any single provided. The success of a change initiative depends on various elements, including how the changes are being implemented (a), the process followed during the change (b), what is being changed (c), and the content or substance of the change (d).
a. "How are the changes being implemented" refers to the strategies, techniques, and methods used to implement the desired changes within an organization.
b. "Process" refers to the structured approach and steps followed during the change management process, which may include planning, communication, stakeholder engagement, and monitoring.
c. "What is being changed" pertains to the specific aspects, areas, or elements targeted for change, such as organizational structure, processes, systems, culture, or policies.
d. "Content" relates to the substance or nature of the change itself, including the objectives, scope, goals, and desired outcomes of the change initiative.
Effective change management considers all these aspects and more to ensure that the change is implemented successfully and brings about the desired results. It requires a holistic approach that addresses the people, processes, and systems involved in the change, while considering the specific context and goals of the organization.
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Related Questions
Express the elements in pointwise which are required in employment notice
Answers
It's too short. Write at least 20 characters to explain it well.
Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year:
Line Item Description Amount
Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued) $4,800,000
Paid-In Capital in Excess of Par—Preferred Stock 210,000
Common Stock, $9 par (3,000,000 shares authorized, 1,750,000 shares issued) 15,750,000
Paid-In Capital in Excess of Par—Common Stock 1,400,000
Retained Earnings 52,840,000
During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:
Purchased 87,500 shares of treasury common for $8 per share.
Sold 55,000 shares of treasury common for $11 per share.
Issued 20,000 shares of preferred 2% stock at $84.
Issued 400,000 shares of common stock at $13, receiving cash.
Sold 18,000 shares of treasury common for $7.50 per share.
Declared cash dividends of $1.60 per share on preferred stock and $0.05 per share on common stock.
Paid the cash dividends.
Required:
Journalize the entries to record the transactions.
If an amount box does not require an entry, leave it blank.
Answers
Journal entries for recording transactions are as follows:1. Purchased 87,500 shares of treasury common for $8 per share. Account Title Debit Credit Treasury stock-common 700,000 Cash 700,0002. Sold 55,000 shares of treasury common for $11 per share.
Account Title Debit Credit Cash 605,000 Treasury stock-common 440,000 Paid-in capital from treasury stock-common 165,0003. Issued 20,000 shares of preferred 2% stock at $84.Account Title Debit Credit Cash 1,680,000 Preferred 2% stock 1,600,000 Paid-in capital in excess of par—preferred stock 80,0004. Issued 400,000 shares of common stock at $13, receiving cash.
Account Title Debit Credit Cash 5,200,000 Common stock 3,600,000 Paid-in capital in excess of par—common stock 1,600,0005. Sold 18,000 shares of treasury common for $7.50 per share.Account Title Debit Credit Cash 135,000 Paid-in capital from treasury stock-common 45,000 Treasury stock-common 180,0006. Declared cash dividends of $1.60 per share on preferred stock and $0.05 per share on common stock.Account Title Debit Credit Dividends payable—preferred 160,000 Dividends payable—common 87,5007. Paid the cash dividends.Account Title Debit Credit Dividends payable—preferred 160,000 Cash 160,000Dividends payable—common 87,500 Cash 87,500LONG ANSWERThe initial capital structure of Diamondback Welding & Fabrication is as follows:Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued) = $4,800,000Paid-In Capital in Excess of Par—Preferred Stock = $210,000Common Stock, $9 par (3,000,000 shares authorized, 1,750,000 shares issued) = $15,750,000Paid-In Capital in Excess of Par—Common Stock = $1,400,000Retained Earnings = $52,840,000The company bought 87,500 common treasury shares at $8 and sold 55,000 common treasury shares at $11. The average price is ($8 × 87,500 + $11 × 55,000) ÷ (87,500 + 55,000) = $9.18 per share. Hence, the company earned a profit of ($11 – $9.18) × 55,000 = $103,900 for each share.The company issued 20,000 shares of preferred 2% stock at $84. The preferred stock has a dividend rate of 2% per year on the preferred stock's par value of $80. Hence, the preferred stock's annual dividend is $1.60 per share. The preferred stock will receive $32,000 ($1.60 × 20,000 shares) in dividends each year.The company also issued 400,000 shares of common stock at $13, and it sold 18,000 common treasury shares at $7.50. Diamondback Welding & Fabrication declared cash dividends of $1.60 per share on preferred stock and $0.05 per share on common stock and then paid the dividends accordingly.
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Mark and Anthony are business partners of a franchised bakery. They have reached the end of the current financial year, and they assume that they must pay taxes. Since they have a partnership agreement, what must they submit?
A. Income tax return
B. information return
C. IRS tax claim
D. article of organization
E. policy document
Answers
Answer:
B. Information return
Explanation:
Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based
The details on the information return can be used for ensuring that the tax returns are correctly filed
Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return
It is important to save a copy of the information returns being filed each year
What refers to training and empowering frontline workers to solve a problem immediately?
a. just-in-time
b. poka-yoke
c. benchmarking
d. kaizen
e. service recovery
Answers
e. service recovery refers to the process of addressing and resolving customer issues or problems to restore customer satisfaction and loyalty. It involves training.
empowering frontline workers to promptly and effectively resolve customer concerns or complaints on the spot, without having to escalate the issue or involve higher levels of management.
By providing frontline workers with the necessary training, authority, and resources, organizations aim to enable them to take immediate action and solve customer problems during the customer interaction itself.
Service recovery strategies often include guidelines, procedures, and training programs that equip frontline workers with problem-solving skills, effective communication techniques, and the ability to address customer concerns in a timely and satisfactory manner. By enabling frontline workers to handle and resolve issues on their own, organizations can foster customer trust, loyalty, and long-term satisfaction.
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Calculate the net pay using the following information:
Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?
Answers
Answer:
$ 491.1
Explanation:
Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay
Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59
Total deductions = 208.84
Net pay = Total sales - taxes
=$700 - $208.84
=$ 491.36
A genuine free market requires restrictions on the ability of predator multinationals to create monopolies. True or False
Answers
Answer:
True
Explanation:
A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.
Therefore there is a possibility for predator multinationals to create or form monopolies.
A business user needs to get notified when the unattended bot finishes running. what is the best action to meet the request?
Answers
The best action to meet the request by the business user that wants to get notified when the unattended bot finishes running is to Allocates users' the unattended bot runner device license
What is a Business?This refers to the act of buying and selling goods and services with the sole aim of making a profit.
Hence, we can see that The best action to meet the request by the business user that wants to get notified when the unattended bot finishes running is to Allocates users' the unattended bot runner device license
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nelson's metallurgy needs $1.36 million to fund an expansion project. the firm has decided to raise the funds through a negotiated offering. the terms of the offer include an offer price of $22.50 a share and an underwriting spread of 8.1 percent. how many shares must the firm sell in order to raise the funds it needs?
Answers
Number of shares = $1,360,000 / (1 - .081) / $22.50 = 65,772, must the firm sell in order to raise the funds it needs.
What are shares ?A stock refers to a share of the capital of a company.In some companies, shares exist as financial assets and surplus earnings can be distributed equally in the form of dividends. Shareholders of shares that do not pay dividends do not participate in profit sharing. Shares are called units of ownership that represent equal shares of a company's capital. One shares gives shareholders equal rights to company profits and losses. There are two main types of shares: shares and preferred shares. The simplest way to buy stocks is by an online stockbroker.After opening and funding your account, you can start buying shares in minutes from your broker's website.To learn more about shares from the given link :
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How does having a list help save money at the grocery store? What other strategies can you use to save money at the grocery store?
Answers
Other strategies to help you save money would be...
1.Coupons
2.Sales
3.Going for cheaper brands
4.Only buying what you need
5.And more!
How do you round to the nearest whole percent?
( here’s the question I need to round for )
What percentage of total expenses is spent on housing?
( round to the nearest whole percent)
A 20%
B 21%
C 22%
D 24%
~Please help ASAP~
Answers
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the minimum down payment that Mark can make
Answers
Answer:
the minimum down payment that Mark can make is $1,650
Explanation:
The computation of the minimum down payment that Mark can make is given below:
Purchase price $21,000
Less: Trade In -$4,500
Net price $16,500
So, the down payment needed should be
= 10% of $16,500
= $1,650
Hence, the minimum down payment that Mark can make is $1,650
in 2019, lemon incurred cost of goods sold of $69,763 million on net sales of $87,592 million. what was lemon’s return on sales ratio for 2019? (assume no other expenses.)
Answers
At a basic level, the cost of goods sold formula is: Starting inventory + purchases − ending inventory = cost of goods sold.
To make this work in practice, however, you need a clear and consistent approach to valuing your inventory and accounting for your costs.
How to calculate the cost of goods?
Businesses need to track all direct costs of processing goods for sale, including labor and material expenses. These costs are known as Cost of Goods Sold (COGS), a calculation that usually appears in a business’s Profit and Loss statement (P&L). COGS is also an important part of tax return information because who doesn’t want correct tax deduction? Knowing how to calculate COGS can help you determine the correct product price, detect growth opportunities, and manage your taxes.Cost of Goods Sold (COGS) represents all costs involved in producing goods that a company sells over a certain period of time. The cost of goods sold, also known as the cost of services or the cost of sales, includes both the cost of materials used to create the goods, and the cost of direct labor (employees salaries).COGS can be used by businesses that create products, including digital goods sold online. Besides that, companies in the service industry can also use COGS in the form of cost of revenue.
Beginning inventory: this is the company’s inventory from the previous period. It could be the previous quarter, month, year, etc.
Purchases: these are the total costs of what your company purchased during the specified accounting period.
COGS are simply the direct costs involved in the production of goods in a specific company for a certain period. The total amounts include components such as: Costs of materials: direct costs like supplies and raw materials. All indirect costs should be ignored and can’t be included in costs relating to the calculation of COGS. An indirect cost can include expenses such as marketing or sales expenses .Direct labor costs: the wages directly paid to employees who work on the company’s products during the manufacturing process.
1. First, subtract the cost of goods sold ($69,763 million) from the net sales ($87,592 million) to find the gross profit.
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $87,592 million - $69,763 million
Gross Profit = $17,829 million
2. Next, divide the gross profit by the net sales to find the return on sales ratio.
Return on Sales Ratio = Gross Profit / Net Sales
Return on Sales Ratio = $17,829 million / $87,592 million
Return on Sales Ratio = 0.2037 (rounded to four decimal places)
3. Finally, multiply the ratio by 100 to express it as a percentage.
Return on Sales Ratio = 0.2037 * 100
Return on Sales Ratio = 20.37%
So, Lemon's return on sales ratio for 2019 was 20.37%.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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jenna and adam are both teachers. when adam loses his job, he quickly finds another, but it pays significantly less. their home loan payments are suddenly more difficult to stay on top of, even though their income is stable and their credit is good. what option will help them keep their home and their good credit, and avoid defaulting on their loan?
Answers
They can opt for a Loan modification. They can work with their lender on a loan modification to restructure their debt and lower their loan payments.
They don't have to file for bankruptcy, and they will lose their house if there is a short sale or conveyance in lieu of foreclosure. A loan modification is a revision to your mortgage loan's original terms. A loan modification doesn't pay off your current mortgage and replace it with a new one, unlike a refinance. Instead, it fundamentally alters the terms of your loan.
A form of loss mitigation is modification. Our monthly payment may be lowered as a result of the modification to an affordable level. The number of years we have to pay back the loan may be extended, our interest rate may be lowered, and/or our principal may be forborne or reduced.
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4.When retained earnings are used up and new common stock is issued, we know that the cost of:a.equity has increasedb.equity has droppedc.equity is unaffectedd.both common and preferred stock are affected
Answers
When retained earnings are used up and new common stock is issued, we know that the cost of equity has increased.
Thus, the correct answer is A.
Retаined eаrnings аre the portion of а compаny's net income thаt mаnаgement retаins for internаl operаtions insteаd of pаying it to shаreholders in the form of dividends. In short, retаined eаrnings аre the cumulаtive totаl of eаrnings thаt hаve yet to be pаid to shаreholders. These funds аre аlso held in reserve to reinvest bаck into the compаny through purchаses of fixed аssets or to pаy down debt.
If the retаined eаrnings аre used up аnd аlso the new common stocks аre issued in the meаntime, this represents thаt the business is implementing а long-term project requiring а significаnt аmount of cаpitаl. It means the cost of equity has increased. It could be а new project, а complete improvement in production, аnd аn expаnsion.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Which of the following is an output device? DVD-ROM Touchpad Hard drive Printer
Answers
The printer should be considered an output device.
The following information should be considered for an output device:
The output device is the device that transforms the information into a human-readable form. The example of the output devices includes monitor, printer, plotters, speakers, etc.Therefore we can conclude that the printer should be considered an output device.
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What are the six basic step of the problem solving process? HURRY I NEED THIS QUICK
WILL GIVE BRAINLIEST
Answers
Answer:
1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.
2) Pin point the problem
3) so that means you should do research based on the problem ^
4)Try evaluating the problem.. perhaps looking at it in perspective ^
5)see how the problem could affect you or others
6) Then work out a plan to solve the problem
Answer:
1) Identify the root problem
2) Identify the factors and causes
3) Generate alternative solutions
4) Decide on the best solution
5) Implement solution
6) Evaluate the results
Explanation:
which accounts is credited when a transaction is processed using the Write Checks Window in Quickbooks?
Answers
When a transaction is processed using the Write Checks Window in Quickbooks, the bank account from which the payment is being made is credited. This means that the balance of the bank account decreases as funds are being transferred out.
The expense account for which the payment is being made is also debited, which means that the expense account increases as the payment is being recorded. The transaction is automatically recorded in the company's books and is reflected in the financial statements.
It is important to ensure that the correct accounts are selected and the correct amounts are recorded in order to maintain accurate financial records.
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What are the pros and cons of running a small restaurant on a
university campus use Galitos Chicken as a case study.
Answers
Running a small restaurant on a university campus, such as Galitos Chicken, has several pros and cons.
Pros:
Targeted Customer Base: Being located on a university campus provides access to a consistent and captive customer base. Students and faculty members often seek convenient dining options on campus, creating a steady flow of potential customers.
Increased Visibility and Brand Exposure: A restaurant on a university campus can benefit from high foot traffic and exposure to a diverse range of individuals. This can enhance brand recognition and attract new customers, leading to potential growth opportunities.
Convenience and Accessibility: University campuses are typically densely populated, and having a restaurant onsite offers convenience for students and staff who may not have time to venture off-campus for meals. It allows for easy access to food options during busy academic schedules.
Cons:
Seasonal Fluctuations: Campus populations can vary significantly throughout the year due to breaks, holidays, and summer vacations. This can result in inconsistent customer demand during certain periods, potentially impacting revenue and profitability.
Limited Target Market: While a university campus provides a concentrated customer base, it is limited to students, faculty, and staff associated with the institution. This may restrict the potential customer reach compared to a restaurant located in a more diverse neighborhood or commercial area.
Dependency on Campus Policies and Regulations: Restaurants on university campuses may need to adhere to specific policies and regulations set by the institution, which can impact operational flexibility and decision-making. This includes considerations related to lease agreements, pricing structures, menu restrictions, and operating hours.
Increased Competition: University campuses often have multiple dining options available to students and staff, including other restaurants, cafes, and food vendors. This creates a competitive environment where attracting and retaining customers can be challenging, requiring a strong differentiation strategy.
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Which strategy best helps a famous brand company reach consumers?
selling at trade shows
sending out mailings in small towns
advertising nationally
marketing selectively
Answers
Answer:
C.) advertising nationally
Explanation:
This is the correct answer. The person above may only have a 3-star rating, but they are correct.
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What is an economic indicator and why is it important? Use at least two complete sentences to provide your response.
Answers
Answer:
Answer is provided in two separate headings below.
Explanation:
Economic Indicator
They are briefly described as the figures used to understand the current position of the economy. Few examples of such are the Inflation rate, Gross Domestic Product (GDP), and Unemployment ratio compared to the populace.
Reason for Important
They are important because the information provided from them helps in grasping the state of the economy in the upcoming years. This data helps both the local and business individuals to make better decisions for their upcoming financial goals such as regarding the investment of capital, increase or decrease their employment level, buying property, etc.
The process of connecting jobs and departments into a coordinated, cohesive whole is known as:
a. structuring. b. enlargement. c. simplification. d. integration.
Answers
The process of connecting jobs and departments into a coordinated, cohesive whole is known as integration.
What is integration?Integration is a process of merging several small components or information from different subsystems together under a system that functions as one.
In business, there are five different types of integration such as - Horizontal integration, Vertical integration, Forward integration, Backward integration, and Conglomeration.
Horizontal integration is a process where businesses from the same industry which are at the same stage of production are merged to grow the market share.
Vertical integration is a process where a business merges with another similar business that is at the earlier stage of production.
Forward integration is a process where a business merges with another business that is further up in its supply chain.
Backward integration is a process where the business is merging another business that operates earlier in its supply chain.
Conglomeration is the process where a business acquires different unrelated firms together to diversify and expand the business in different areas.
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According to the video, which abilities and skills do human resources managers need to have? select three options. math skills in-depth knowledge of the company’s product sensitivity to other people’s needs speaking skills writing skills
Answers
According to the video, the three abilities and skills that human resources managers need to have are sensitivity to other people’s needs, speaking skills and writing skills.
Three abilities and skills that human resources managers:
1. Sensitivity to other people’s needs: Human resources managers need to be able to understand and be sensitive to the needs of employees in order to ensure that they are happy and satisfied in their work environment.
2. Speaking skills: Human resources managers need to be able to communicate effectively with employees and management in order to address any issues or concerns that may arise.
3. Writing skills: Human resources managers need to be able to write clear and concise reports, emails, and other documents in order to effectively communicate information to employees and management.
Sensitivity to other people’s needs, speaking skills and writing skills are essential for human resources managers in order to effectively manage and support employees within a company.
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What is an organisation chart
Answers
Answer:
An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.
Explanation:
Select all that apply.
Select the items that describe a free market economy.
efficient market system
distribution of goods through price
competition among businesses
small selection of goods and services
little freedom for producers
Answers
Explanation:
Free market system is efficient and had wide array of sphere. In a free market system goods are distributed through price . As it include both consumers and producers which only deals on price.As in free market system there is no role of government, so there is a competition between businesses and business man to achieve greatest profit .Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
Answers
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to
calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the
estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
Answers
Answer:
=([Cost] * 1.07)
Explanation:
The question has missing details.
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
\(Total = Cost * (1 + Sales\ Tax)\)
\(Total = Cost * (1 + 7\%)\)
Convert percentage to decimal
\(Total = Cost * (1 + 0.07)\)
\(Total = Cost * 1.07\)
Hence, the Excel equivalent is:
=([Cost] * 1.07)
Answer:
=([Cost] * 1.07)
Explanation:
The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax
Assume that the table heading for estimated cost in July 2014 is Cost
The formula to calculated the total cost which includes the sales tax is:
=([Cost] * 1.07)
The above uses structured reference to make reference to the cost in July 2014.
To calculate the total which includes sales tax, we use:
Total = Cost x ( 1 + Sales Tax )
Total = Cost x ( 1 + 7% )
Convert percentage to decimal
Total = cost x ( 1 + 0.07 )
Total = Cost x 1.07
Hence, the Excel equivalent is:
=([Cost] * 1.07)
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