To measure GDP, all we have to do is multiply all the final goods and services produced in a year by their prices, and then add them up to get the total economic output.
To measure GDP, we use the expenditure approach, which involves adding up the value of all final goods and services produced in a given year. This encompasses personal consumption expenditures, investments, government spending, and net exports .
Each component is multiplied by their respective prices to reflect their market value. This comprehensive calculation provides a snapshot of a country's economic output, representing the total value of goods and services produced within its borders during a specific period.
GDP serves as a crucial indicator of economic health and is widely utilized by policymakers, analysts, and businesses to assess and compare the performance of different economies.
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low inflation is a sign of?
Answer:
usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages.Jun
Explanation:
Your new health insurance has a $4,000 deductible. What does that mean?
You'll pay the insurance company $4,000 a year to cover all of your
medical expenses.
B
Your insurance will cover up to $4,000 of your medical expenses each
year and then you'll have to cover the rest.
с
You'll need to pay $4,000 on medical expenses each year before your
insurance will kick in
Your insurance will pay up to $4,000 for each medical visit you have.
Answer:
с). You'll need to pay $4,000 on medical expenses each year before your
insurance will kick in
Explanation:
The deductible is the cash amount that a person needs to pay to the insurance company before their insurance coverage can begin. It applies mostly to medical insurance. If an insurance policy has a deductible requirement, one can not launch any claim without having paid the deductible in full. The insured pays the deductible out of pocket.
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is one of the world’s largest coffeehouse chains. It serves hot and cold drinks, whole-bean coffee, juices, beverages, pastries, and other snacks. Some offerings are seasonal or specific to the locality of the store.
Describe and analyze how Starbucks exercise Procurement Management, according to all knowledge you have gained from the provided educational material. Make sure that in your answers you address the below aspects: - Explain and procurement structure and strategy of Starbucks - Explain whether and how procurement creates competitive advantage for Starbucks.
Procurement Management is a critical function for Starbucks Corporation, as it plays a vital role in ensuring the availability of high-quality products and ingredients to support the company's operations across its global network of coffeehouses.
Quality Control: Starbucks places a strong emphasis on procuring high-quality products and ingredients. By carefully selecting suppliers and implementing strict quality control measures, the company ensures consistency in its offerings and reinforces its brand reputation for premium and enjoyable coffee experiences.
Sustainability and Ethical Sourcing: Starbucks' commitment to sustainable and ethical sourcing practices differentiates it from competitors. By working closely with suppliers to promote environmentally friendly practices and fair treatment of farmers and workers, Starbucks enhances its brand image and attracts environmentally conscious and socially responsible consumers.
Innovation and Differentiation: Procurement also supports Starbucks' ability to introduce innovative and unique products to its menu. By actively seeking out new ingredients, flavors, and packaging options, the company can differentiate itself in the market and stay ahead of evolving consumer preferences.
Cost Efficiency: While quality and sustainability are key drivers for procurement at Starbucks, the company also strives for cost efficiency. By leveraging its global scale and negotiating power, Starbucks can secure favorable pricing agreements with suppliers.
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if dallas company billed a client for $28,000 of consulting work completed, the accounts receivable asset increases by $28,000 and
When the work is completed, the company will record revenue of $28,000 on its income statement. This will increase the company's revenue and, therefore, its net income. Therefore, when a company bills a client for work done, the accounts receivable asset increases by the same amount, and revenue increases as well.
Accounts receivable (AR) is the money that is owed to a company by its customers or clients for goods or services supplied or used but not yet paid for. It is considered as a current asset on the balance sheet and is commonly used in the calculation of a company's liquidity ratio. Companies report their accounts receivable balance in their financial statements on a periodic basis.
Let's now get back to the question at hand. When Dallas Company bills a client for $28,000 of consulting work completed, it means that the work has been performed and the company expects payment for that work. When a company issues an invoice to its customer or client, it records that amount as accounts receivable in its financial statements.
Since the amount of the invoice in this case is $28,000, the accounts receivable asset increases by $28,000. This means that the company's total assets have increased by $28,000, which is reflected in the balance sheet.Revenue is recognized when the services are completed, regardless of whether or not the payment has been received.
Thus, when the work is completed, the company will record revenue of $28,000 on its income statement. This will increase the company's revenue and, therefore, its net income. Therefore, when a company bills a client for work done, the accounts receivable asset increases by the same amount, and revenue increases as well.
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Bond valuation Semiannual interest Find the value of a bond maturing in 7 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually) if the required return on similar-risk bonds is 16% annual interest (8% paid semiannually) COTE The present value of the bond is $ (Round to the nearest cent)
To find the present value of a bond with a 7-year maturity, $1,000 par value, and a coupon interest rate of 13% (paid semiannually), we need to calculate the present value of each semiannual coupon payment and the present value of the bond's face value.
The required return on similar-risk bonds is 16% annual interest (8% paid semiannually). The present value of the bond can be determined by discounting the future cash flows at the required return rate.To calculate the present value of the bond, we need to discount each semiannual coupon payment and the bond's face value back to the present using the required return rate. The bond has a par value of $1,000 and a coupon interest rate of 13%, which is paid semiannually. This means that the bond pays a coupon of $65 ($1,000 * 13% / 2) every six months for a total of 14 periods (7 years * 2).
The required return rate on similar-risk bonds is 16%, which is equivalent to 8% semiannually. We can use the present value of an ordinary annuity formula to calculate the present value of the coupon payments and the present value of a single-sum formula to calculate the present value of the face value. Using a financial calculator or spreadsheet, we can calculate the present value of the bond to be $749.56 (rounded to the nearest cent).
Therefore, the present value of the bond is $749.56. This represents the current worth of all the future cash flows (coupon payments and face value) discounted at the required return rate of 16% annual interest (8% semiannually).
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To truly liberate the slaves and give them a fresh economic start by giving them land the government would have been required to do what? why were the politicians unwilling to do this?.
To truly liberate the slaves and give them a fresh economic start by giving them land the government would have been required to; Take away white men's land.
The act of liberating or the kingdom of being liberated. Liberation is defined as being set free or acquiring the same rights. An instance of liberation is when a prisoner is ready to be free from prison. An example of liberation is permitting gay couples to be married.
Self-liberation teaches us to be in concord with ourselves and the universe as a whole. So, it really does now not imply being loose from values. Being the owner of a vehicle does not set us free to pressure over the velocity restriction and using it inside the restrict does no longer mean that we aren't unfastened.
Religious liberation results from coming across and expressing the intrinsic qualities of enlightened awareness which have been ours because the moment we got here into lifestyles. Truly placed, all this is required to stay as much as our maximum capability is already inner us anticipating our aware activation.
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dynamic pricing is typically used for pricinggroup of answer choicesproducts and services that cannot be purchased in a retail store.the very latest items such as new season fashions.time-sensitive items such as airline seats.high demand products or services that are expected to sell out quickly.electronic services such as computer repair.
Dynamic pricing is typically used for pricing time-sensitive items such as airline seats or high demand products or services that are expected to sell out quickly.
Real-time pricing, also known as dynamic pricing, is a highly adaptable method of determining a product's or service's price. Dynamic pricing aims to enable businesses that sell products or services online to quickly modify prices in response to consumer demand.
Other names for dynamic pricing include surge pricing and time-based costing. By analyzing the demands of the market as it is, businesses can set flexible prices for their goods and services. It resembles pricing discrimination in some ways. Businesses can benefit from this kind of pricing because it enables them to adjust their prices in response to demand.
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After working for twelve years as a janitor in a car repair shop, you are beginning to wish you had another job or even another career. Describe how you would transition to another career of your choice. Be sure to include a reference to how you would construct a résumé for the position you want and how your experiences as a janitor would make you a good fit for the position you wish to obtain.
Answer:
If you were to transition to another career you should get a two weeks notice to inform your current employer. Then you would start looking for another job that requires skills that you already have. Then you can ask your former employer for a letter of recommendation.
Explanation:
Answer:
If you were to transition to another career you should get a two weeks notice to inform your current employer. Then you would start looking for another job that requires skills that you already have. Then you can ask your former employer for a letter of recommendation.
Explanation:
i got 100
HELP A GURL OUT! Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?
PLZ ANSWER I NEED HELP!!!
Answer:
Decline the offer
Explanation:
I would most likely decline the offer. The fact that he is selling for higher but is willing to go 10% proves the meat isn’t worth the more money. I would stick with my current supplier. Unless there is a significant difference between the meats, there is no reason for him to be selling it any higher than his competitors and the fact that he is offering a discount proves that.
Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
Consider a $225,000, 6 percent, 30-year, constant amortization mortgage (CAM) with monthly payments.
a What is the total payment that will be due on this mortgage in the first month? How much of this payment will be attributable to principal? How much to interest?
b How large will the payment on this mortgage be in the 30th month? How much of this will be attributable to principal? How much to interest?
c What will be the principal balance outstanding on this mortgage at the end of the sixth year?
A constant payments mortgage loan, sometimes referred to as a fixed-rate mortgage or a level-payment mortgage, is one in which the borrower makes consistent monthly payments for the duration of the loan.
The formula for calculating the monthly payment on a constant amortization mortgage (CAM) is as follows:
Monthly Payment = Loan amount / (Number of payments)
Where:
Loan amount = $225,000
Number of payments = 30 years * 12 months
a. First Month:
To find the total payment due in the first month, we divide the loan amount by the number of payments:
Monthly Payment = $225,000 / (30 years * 12 months)
Loan Term in Months = 30 * 12 = 360 months
Monthly Payment = $225,000 / 360
Monthly Interest Rate = 6% / 12 = 0.06 / 12
Principal Payment in the First Month = $225,000 / 360
b. 30th Month:
To find the payment in the 30th month, we can use the same monthly payment as the principal portion remains constant:
Monthly Payment = $225,000 / (30 years * 12 months)
c. End of the Sixth Year:
To calculate the principal balance outstanding at the end of the sixth year, we need to determine the number of payments made during that period. Since there are 30 years in total and each year has 12 months, the number of payments made after six years is 6 * 12 = 72.
Principal balance = $225,000 * (1 + 0.005)^72 - ($1,348.20 * ((1 + 0.005)^72 - 1) / 0.005) + ($224,625.00 * (1 + 0.005)^72)
= $180,193.05
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employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
A customer purchases an equity option contract at 1:00 PM Eastern Standard Time on Tuesday, October 10th in a regular way trade. If the customer wishes to exercise, the customer may place an exercise notice with the Options Clearing Corporation:_______
a. immediately
b. no earlier than 10:00 AM Eastern Standard time, the next business day
c. no earlier that 10:00 AM eastern standard time, on the 5th business day following trade date
d. no earlier than the Friday immediately preceding the third Saturday of the expiration month
Answer: immediately
Explanation:
An equity option is typically the most common form of equity derivative. It simply gives an investor the right but not an obligation to either buy or sell a call or put at a certain price before a contract expires.
Therefore, if a customer purchases an equity option contract at 1:00 PM Eastern Standard Time on Tuesday, October 10th in a regular way trade and the customer wishes to exercise, the customer may place an exercise notice with the Options Clearing Corporation immediately.
describe one procedure used when processing accounts.
which propaganda technique is being used in the following statement? ""the cure-all competitor is not qualified to be pain medication because it lacks the needed ingredients.
The propaganda technique that is employed in the statement is "Name-Calling Propaganda."
"Name-Calling Propaganda involves the propaganda technique of putting the competitor down by giving the brand a name. For example, in the statement, the competitor's brand was described as "the cure-all competitor."
To illustrate the name-calling propaganda, the co-competitor states that this competitor's brand is not qualified as it lacks the required ingredients.
Propaganda is mainly a public relations tactic used by marketers to promote their brands over the competition. The technique may promote some positive or negative ideas about a particular brand in the minds of consumers.
Other propaganda techniques include testimonials, stereotyping, bandwagon, fear appeals, among others.
Thus, the propaganda technique as stated above is "Name-Calling."
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Which situation best illustrates the economic concept of opportunity cost
Answer: a business spends money on new computers, so it can’t afford de office furniture
Explanation:
A company can't afford office furniture because it's spending money on new computers. As computers are more important than the furniture for working.
What is opportunity cost ?opportunity cost is the choosing the best alternative use of that resources, as per the economist. It is also the profit suffered when one alternative is chosen over another.
Example of opportunity cost is the if a person has spent the time and money in purchasing the gadgets, then he is not able to purchase the books.
Thus, A company can't afford office furniture because it's spending money on new computers.
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what type of federal funding is free money but is based on financial need only?
Answer:
Explanation:
Answer:
parks and recreation? brainliest?
Explanation:
If the two countries engage in international trade, what will taiwan produce and how many?
A. The opportunity cost of 1 unit of radios in terms of telephones in Vietnam is 0.5 telephones per radio. BI. False II. True III. False. C. Taiwan will produce radios.
D. In Taiwan, the real wage in terms of radios is 12.5 radios per worker. In V.i.e.t.n.a.m., the real wage in terms of telephones is 0.625 telephones per worker. E. Both Taiwan and V.i.e.t.n.a.m. would have an incentive to trade telephones and radios due to their comparative advantages and the international relative price of telephones.
How did we get these values?To answer the questions, let's analyze the information provided in the table:
Taiwan Vietnam
Absolute Advantage
No. of Telephones produced per hour: 10 5
No. of Radios produced per hour: 50 10
Comparative Advantage: ? ?
a. The opportunity cost of 1 unit of radios in terms of telephones in Taiwan can be calculated by dividing the number of telephones produced per hour by the number of radios produced per hour. In this case, the opportunity cost in Taiwan is 10/50 = 0.2 telephones per radio.
The opportunity cost of 1 unit of radios in terms of telephones in V.i.e.t.n.a.m. is 5/10 = 0.5 telephones per radio.
b. Let's evaluate the given statements:
I. Taiwan has an absolute advantage in the production of both telephones and radios. - False
Taiwan has an absolute advantage in the production of radios, as it can produce 50 radios per hour compared to V.i.e.t.n.a.m.'s 10 radios. However, Taiwan does not have an absolute advantage in the production of telephones since V.i.e.t.n.a.m. can produce 5 telephones per hour compared to Taiwan's 10 telephones.
II. V.i.e.t.n.a.m. has a comparative advantage in the production of telephones. - True
Vietnam has a lower opportunity cost of producing telephones (0.5 telephones per radio) compared to Taiwan's opportunity cost (0.2 telephones per radio). Therefore, V.i.e.t.n.a.m. has a comparative advantage in the production of telephones.
III. One possible production combination for Vietnam is 40 units of telephones and 80 units of radios per hour. - False
Given the labor supply in V.i.e.t.n.a.m. is 8, it is not possible for V.i.e.t.n.a.m. to produce 40 telephones and 80 radios per hour, as it would require a total labor input of 120 units (40 + 80 = 120), which exceeds the labor supply.
c. If the two countries engage in international trade, they will specialize in the production of goods in which they have a comparative advantage. Since V.i.e.t.n.a.m. has a comparative advantage in the production of telephones, it will produce telephones. Taiwan, on the other hand, has a comparative advantage in the production of radios, so it will produce radios.
d. The real wage is the amount of output (goods) a worker can earn for an hour of work. To calculate the real wage, we need to compare the number of goods produced per hour to the labor supply in each country.
In Taiwan, the real wage in terms of radios is calculated by dividing the number of radios produced per hour by the labor supply, which is 50/4 = 12.5 radios per worker.
In Vietnam, the real wage in terms of telephones is calculated by dividing the number of telephones produced per hour by the labor supply, which is 5/8 = 0.625 telephones per worker.
e. To determine whether Taiwan and V.i.e.t.n.a.m. will trade if the international relative price of telephones is 3, we need to compare it to the opportunity cost of producing telephones in each country.
In Taiwan, the opportunity cost of 1 telephone in terms of radios is 0.2 telephones per radio. If the international relative price of telephones is 3, which means 1 telephone is worth 3 radios, Taiwan has a lower opportunity cost of producing telephones (0.2 telephones per radio) than the relative price (3 telephones per radio). Thus, Taiwan would benefit from trading telephones.
In V.i.e.t.n.a.m., the opportunity cost of 1 telephone in terms of radios is 0.5 telephones per radio. If the international relative price of telephones is 3, which means 1 telephone is worth 3 radios, V.i.e.t.n.a.m. has a higher opportunity cost of producing telephones (0.5 telephones per radio) than the relative price (3 telephones per radio). Thus, Vietnam would benefit from trading radios.
Therefore, based on the given information, both Taiwan and V.i.e.t.n.a.m. would have an incentive to trade telephones and radios due to their comparative advantages and the international relative price of telephones.
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The complete question goes thus:
Refer to the following table and assume that the total labor supply in Taiwan is 4 and the total labor supply in V.i.e.t.n.a.m is 8.
Taiwan V.i.e.t.n.a.m
Absolute Advantage
No. of Telephones produced per hr
10 5 ?
No. of Radios produced per hr
50 10 ?
Comparative Advantage
? ?
a. What is the opportunity cost of 1 unit of radios in terms of telephones in Taiwan? In V.i.e.t.n.a.m?
tasks for building managers
Answer:
Maintaining a safe environment with proper
Explanation:
lighting, signage, and disability access
Suppose GDP increases more in the United States than it does in India. What is the short-run impact of this change in GDP on U.S. net exports, the value of the U.S. dollar, and the value of the Indian rupee?
Net Exports / U.S. dollar / Indian rupee
Increase / Appreciate / Depreciate
Decrease / Appreciate / Depreciate
Decrease / Depreciate / Appreciate
Increase / Depreciate / Appreciate
Increase / Depreciate / Depreciate
Which statement about credit and debit cards is NOT true? *
When you use a credit card, the money you spend comes out of your checking account immediately.
When you use a debit card, the money you spend comes out of your checking account
immediately.
Credit and debit cards can both be used to make purchases at most retailers.
You can use a credit card to spend more money than you have in your bank account.
Answer:
I believe that the the statement "you can use a credit card to spend more money than you have in your bank account" is false because a credit card takes out the money straight away, while a debit card sometimes waits to take out the money you used
Answer: D. It is harder for a thief to use your debit card.
Explanation:
which of the following is generally reduced when you make a down payment?
When you make a down payment, one of the key benefits is that it generally reduces your monthly payment. The correct option is B.
A down payment is an upfront amount of money that you pay towards the purchase of an item, such as a house or a car. By making a larger down payment, you decrease the total amount you need to finance through a loan.
For example, let's say you are purchasing a car worth $30,000, and you make a down payment of $6,000, which is 20% of the total price. The remaining loan amount will be $24,000.
When you finance this amount over a specific term, such as 48 months, your monthly payments will be based on the reduced loan balance of $24,000. Consequently, your monthly payments will be lower compared to if you had financed the full purchase price.
By reducing your monthly payment, a larger down payment provides you with more financial flexibility and can help you better manage your budget.
It also means that you will have a lower debt burden and potentially more disposable income to allocate towards other expenses or savings goals.
However, it's important to consider other factors such as interest rates, loan terms, and your own financial circumstances when deciding on the appropriate down payment amount for your specific situation. Therefore, the correct option is B.
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Complete question reference taken from quizz-let :
Which of the following is generally reduced when you make a down payment?
A. Your interest rate
B. Your monthly payment
C. Your purchase price
D. Your repayment period
Do you think careers in computer graphics and animations are more artistic or more technical? Explain your answer
I think careers in computer graphics and animations are more artistic than technical and this is because computer graphics and animations need a lot of visualization and artistry.
What is Computer Graphics Animation?Computer Graphics is a type of graphics which involves generating images with the aid of a computer. This concept of computer graphics plays an integral role in the technology of today and that of the future. It is based on this that several aspects of digital photography, film, video games, cell phone and computer displays are produced.
Computer animation involves the process of manipulating images on a computer to create a moveable object. This type of technology is the bases for producing moveable objects such as in filmography.
Computer Graphics and animation is more artistic than technical because it involves a lot of artistry, visualization and imagination to put together a fine work of graphics.
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If the demand for bananas has a high price elasticity, then a 5 percent decrease in the price of bananas will result in
a more than 5 percent increase in the quantity demanded.
a less than 5 percent increase in the quantity demanded.
no change in the quantity demanded.
a more than 5 percent decrease in the quantity demanded.
a less than 5 percent decrease in the quantity demanded.
If the demand for bananas has a high price elasticity, then a 5 percent decrease in the price of bananas will result in a a more than 5 percent increase in the quantity demanded.The correct option is (a).
Here's an explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price. High price elasticity means that consumers are very sensitive to price changes, and a small change in price results in a larger change in quantity demanded. In this scenario, the price of bananas has decreased by 5 percent.
Due to the high price elasticity, consumers will react to this price decrease by purchasing more bananas. As a result, the quantity demanded for bananas will increase by more than 5 percent.
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Which characteristic gives the term preference shareholder its distinct name?
Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.
Answer: dividends
Explanation:
Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.
Answer:
shuts down
Explanation:
what is the #1 top technical certification in 2022 to achieve the highest salary according to the video on the robert half report?
Professional AWS Certified Solutions Architect. AWS Certified Solutions Architect Professional, who earns $168,080 annually, comes in first place. Designing, deploying, and maintaining intricate Amazon Web Services cloud architecture are all part of this position.
Is AWS Solution Architect Professional pricey?AWS certification can drastically increase the type of salary or rate you command in addition to looking nice on your resume. According to our Careers and Hiring Guide, 56% of AWS workers experienced a pay rise of 25% on average after passing their certification.
The AWS Certified Solutions Architect Professional exam is extremely difficult and tests candidates' in-depth knowledge of AWS as well as their understanding of how AWS services may be utilized in conjunction with one another. 75 multiple-choice and multiple-response questions make up the AWS Certified Solutions Architect - Professional (SAP-C01) exam.
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A is made up of or more and a section, is commanded by a ,
General Motors has a beta of 1.45. If the overall stock market increases by 4 percent, based on this information, how much should investors assume that General Motors will increase? (Enter your answer as a percent rounded to 2 decimal places.)
Votality for GM Company Stock ____%
Votality for GM Company Stock 5.8% .Investors should assume that General Motors' stock will increase by approximately 5.8% based on the given information.
The beta coefficient is a measure of a stock's volatility in relation to the overall stock market. A beta greater than 1 indicates that the stock is expected to be more volatile than the market, while a beta less than 1 suggests lower volatility. In this case, General Motors (GM) has a beta of 1.45, indicating that it is expected to be 45% more volatile than the overall market.
To estimate the expected increase in General Motors (GM) stock based on its beta of 1.45 and a 4% increase in the overall stock market, we can use the formula:
Expected increase in GM stock = Beta of GM * Overall market increase
Expected increase in GM stock = 1.45 * 4% = 5.8%
If the overall stock market experiences a 4% increase, investors can use the beta to estimate how much GM's stock is likely to increase. Multiplying the beta (1.45) by the market increase (4%) yields an expected increase of 5.8% for GM's stock.
However, it's important to note that the beta is a historical measure and doesn't guarantee exact future performance. It's a tool to assess the relationship between a stock and the market. Other factors such as company-specific news and economic conditions can also impact stock prices.
Therefore, while the estimated increase based on the beta suggests a 5.8% rise, actual performance may vary.
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The first stage of sales is
O attention
O desire
O conviction
interest
The first stage of sales is D. Interest.
What is the first stage of sales ?The first stage of the sales process is typically referred to as "Interest." This stage is when the potential customer first becomes aware of a product or service and begins to show some interest in it. This could be due to a variety of factors, including marketing campaigns, word-of-mouth recommendations, or their own research and exploration.
During the interest stage, the salesperson's goal is to engage with the potential customer, build rapport, and gather information about their needs and requirements.
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Assume a merchandising company provides the following information from its master budget for the month of May: Sales $ 140,000 Cash paid for merchandise purchases $ 94,000 Selling and administrative expenses $ 34,000 Accounts payable, May 1st $ 27,000 Accounts payable, May 31st $ 35,000 If the company maintains no beginning or ending merchandise inventory and makes all of its inventory purchases on account, what is the budgeted net operating income for May?
Based on the sales, purchases, and other entries, the budgeted net operating income for May is $4,000.
What is the budget net operating income?This can be found as:
= Sales - Cost of goods sold - Selling and admin expenses
Cost of goods sold:
= Purchases paid in cash + Ending accounts receivable - Beginning accounts payable
= 94,000 + 35,000 - 27,000
= $102,000
Budgeted net income:
= 140,000 - 109,000 - 34,000
= $4,000
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