(Liquidity analysis) The Mitchem Marble Company has a target current ratio of 2.1 but has experienced some difficulties financing its expanding sales in the past few months. At present, the firm has a current ratio of 2.8 and current assets of $2.44 million. If Mitchem expands its receivables and inventories using its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached?
(Liquidity Analysis) The King Carpet Company has $3,110,000 in cash and a total of $11,010,000 in current assets. The firm's current liabilities equal $5,440,000 such that the firm's current ratio equals 2.0. The company's managers want to reduce the firm's cash holdings down to $1,040,000 by paying $558,000 in cash to expand the firm's truck fleet and using $1,512,000 in cash to retire a short-term note. If they carry this plan through, what will happen to the firm's current ratio?

In marinades or sauces, olive oil can be used in place of vegetable oil. Saute over low to medium heat. The right alternative "b" olive oil and vegetable oil. The answer is option (b).

Vegetable oil, on the other hand, is produced by combining oils from several sources, including canola, cottonseed, sunflower, soybean, corn, and safflower.

The greatest all-purpose cooking oil is olive oil since it cooks well at medium temperatures and has a strong fruity flavor. Vegetable oil has a pure, flavorless aroma and is ideal for high-heat cooking. Olive oil may usually be replaced with vegetable or canola oil in recipes, though you might notice a minor variation in flavor and aroma.

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Answer:

27%

Explanation:

The ski was sold for $7,000 which has a discount of $2,625.

the price before discount is

= $7,000 + $2,625.

=$9,625

the discount as a percentage

=$2,625 / $9,625  x 100

=0.272727 x 100

=27.27%

=27%

When an equipment is sold, the business must record the transaction and transfer the balance of the equipment's cost and accumulated depreciation to the income statement as a gain or loss on the sale.

If the proceeds from the sale of the equipment exceed the equipment's cost less accumulated depreciation, the business reports a gain on the sale.

The entry that Carey Enterprises would make to record the sale of the equipment is; Debit to Accumulated Depreciation = $40,000Debit to Equipment = $8,000 ($48,000 - $40,000), Credit to Gain on Sale of Equipment = $2,000 ($10,000 - $8,000)To record the sale of equipment.

The debit to accumulated depreciation and the debit to equipment reflect the cost and accumulated depreciation of the equipment at the time of sale. The credit to gain on sale of equipment represents the gain the company realized by selling the equipment for more than it was worth.

To record the sale of equipment, the following journal entry will be made: Debit Accumulated Depreciation $40,000Debit Equipment $8,000

Credit Gain on Sale of Equipment $2,000.

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Customer retention aims to keep the business's current clientele and foster greater loyalty by offering better services or additional advantages. Businesses employ a variety of techniques to keep clients, such as loyalty programmes, discounts, freebies.

Customers should receive rewards, In an effort to entice new consumers and boost retention, you must offer prizes. To reward your new and existing clients, try referral or member-get-member programmes. You must give incentives to your present clients under referral schemes.

The rate at which customers stick with a company over a specific amount of time is referred to as customer retention.

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According to the new study, the most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise. The correct option is (A).

The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.

Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.

Therefore, according to the new study shows that eating eggs drastically reduces the risk of heart attacks. The most likely to be the initial effect of the study on the egg market is the demand for eggs will increase, and the price of eggs will rise.

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Answer:

a

Explanation:

from what i learned, this is a process that helps retain customer loyalty by basically taking data points and guessing for each consumer. none of the other ones seem right tbh.

Answer:

D. By predicting what each individual accessing a website is most likely interested in seeing.

Explanation:

I took the test.

Answer:

Monetary unit principle

Explanation:

The monetary unit principle refer to a principle in which the business transactions should be recorded in the monetary terms. As non-monetary transactions are not recorded in the accounting. Only that transactions are recorded that are countable

So as per the given case since it converts the business transactions into U.S dollars at the same time it does not record the level of skills and the customer servcie quality

So, this is a monetary unit principle

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Answer:

1.  For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%

2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance,  the amount charged at 17.99% would be 0.1799 x 200 =$35.98.

3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.

4. The annual fee charged for the credit card is $20.

5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.

  a.  The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.

6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.

7. 2% of the amount charged (in US dollars) in a transaction.

8.  A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.

9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%

Explanation: explanations are with the answers listed above.

One difference between perfectly competitive and monopolistically competitive markets is that in long-run equilibrium, monopolistically competitive businesses charge a price higher than marginal cost. Hence, option A is correct.

Excess capacity and markup over marginal cost are the two fundamental factors that separate monopolistic competition from perfect competition.

In a monopolistically competitive market, entry and exit drive each firm to a point of tangency between its demand and average total cost curve. The link between price and marginal cost is a second distinction between monopolistic competition and perfect competition.

Therefore, Option A is correct.

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The complete question has been attached in text form:

How does the​ long-run equilibrium for a monopolistically competitive market differ from the​ long-run equilibrium for a perfectly competitive​ market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in​ long-run equilibrium, monopolistically competitive firms A. charge a price greater than marginal cost . B. do not earn zero economic profits. C. charge a price less than marginal revenue. D. produce at minimum marginal cost. E. produce where marginal revenue is less than marginal cost.

Answer:

When setting prices of products, businesses want to make sure they can cover their costs and make:

D. a profit

The setting prices of products, businesses want to make sure they can cover their costs and make a profit. Thus, option (d) is correct.

The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.

The business is the main motive for earning the profit. Businesses are increasing productivity as a result of rising profits. From the location to the facilities such as medical facilities, proper furniture, employee liberty of work, training, internet facilities, and furniture, etc., businesses are improving. The cost plus extra amount is called the profit.

As a result, in the setting prices of products, businesses want to make sure they can cover their costs and make a profit. Therefore, option (d) is correct.

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Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million  is non-current

What does current classification indicates in the balance sheet?

The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.

In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability  and the remainder value of season passes that would be used after after June 30, 2021 as non-current liability.

current liability=$41.9 million+ $61.9 million=$103.80 million

non-current liability=$97.7 million

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Answer:

A lower percentage ratio indicates more money has been invested to make money for the customer

Explanation:

The method of analysis that uses non-measurable data such as competitors' menus, feedback from customers, or the contents of food magazines and blogs is called qualitative analysis.

Qualitative analysis is a method of evaluating and interpreting data that is not based on numerical measurements or statistics.

In the food industry, qualitative analysis can provide insights into customer preferences, market trends, and competitive positioning. For example, analyzing customer feedback can help a restaurant identify areas for improvement in its menu, service, or atmosphere.

Similarly, studying food magazines and blogs can provide inspiration for new menu items or help identify emerging trends in the industry.

While quantitative analysis (based on numerical data) can provide valuable information, qualitative analysis is also important for understanding the subjective factors that influence customer behavior and market dynamics.

By using a combination of quantitative and qualitative analysis, food businesses can gain a more complete understanding of their market and make informed decisions about strategy and operations.

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Function of the form A(t) = Pe" is A(t) = 10000e^(0.0288t) (0.0288t). $11,525.67 will be in Dennis's account after 5 yr. Dennis's account be worth $15,000 in 24.08 years. It will double in 24.11 years.

a) A continuous compounding account's future value is calculated using the following formula:

A(t) = Pe^(rt) (rt)

When P is the principal, r is the yearly interest rate expressed as a decimal, and t is the amount of time in years. If P = $10,000, r = 0.0288 (because the interest rate is 2.88%), and continuous compounding, the formula becomes:

A(t) = 10000e^(0.0288t) (0.0288t)

b) We enter t = 5 into the formula we discovered in part a) to determine how much money Dennis will have in his account after five years:

A(5) = 10000e^(0.0288*5) = $11,525.67

Dennis's account will therefore have $11,525.67 in it after five years.

c) We set A(t) equal to 15,000 and solve for t in order to determine the time when Dennis's account will be worth $15,000:

15,000 = 10000e^(0.0288t) (0.0288t)

1.5 = e^(0.0288t) (0.0288t)

t = ln(1.5)/0.0288 = 24.08 years. ln(1.5) = 0.0288t (rounded to two decimal places)

So, it will take roughly 24.08 years for Dennis' account to reach a value of $15,000.

d) To determine the time at which the value of Dennis's account will be double its current value, we set A(t) equal to 20,000 ($20,000 being double the current value), and then solve for t:

20,000 = 10000e^(0.0288t) (0.0288t)

2 = e^(0.0288t) (0.0288t)

ln(2) = 0.0288t ln(2)/0.0288 = 24.11 years (rounded to two decimal places)

Dennis's account will therefore reach its original worth twice more in about 24.11 years.

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The following is a part of the marketing a consumer orientation

What is consumer orientation?

A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without consistently increasing their customer focus, their firm will not succeed. It's a way of thinking that connects the objectives of your company and those of your clients.

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Answer:

consumer goods

Explanation:

capital goods are the manufactured that are used in making finished products. these finished products are called consumer goods.

Answer:

Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.

The three goals of fiscal policy are :

Explanation:

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Answer: "Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. These include aggregate demand for goods and services, employment, inflation, and economic growth."

Explanation:

The three goals of fiscal policy are:

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(a) The amount of lease receivable is $255,368.75.

Lease receivable = Present value of lease payments + Cost of goods sold

The present value of lease payments is calculated using the following formula:

Present value of lease payments = Sum of (Lease payments * Present value factor for an annuity of $1 at 8% for 6 years)

The cost of goods sold is $162,500.

(b) The following journal entries are required on Sub Zero's books for 2019 and 2020:

2019

January 1:

Debit Lease receivable $255,368.75

Credit Cost of goods sold $162,500

Credit Unearned lease revenue $92,868.75

December 31:

Debit Unearned lease revenue $42,061.33

Credit Interest revenue $3,250

Credit Cash $38,811.33

2020

January 1:

Debit Unearned lease revenue $42,061.33

Credit Interest revenue $3,405

Credit Cash $38,656.33

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Answer:

$11880

Explanation:

Given that:

In a local Honda Dealership;

Last year, your dealership earned a record profits of $1.5 million

according to the local Chamber of Commerce, your earnings were 10 percent less than either of your competitors.

The Price Elasticity of demand E = - 4.5

Marginal cost of a midsized automobile = $11,000

Let assume that In your market, you compete against two other dealers

From The above given data , the objective is to determine the What price should you charge for a midsized automobile if you expect to maintain your record sales.

So; in order to achieve that ; we consider the scenario of an Oligopoly market by using the markup formula for homogeneous product Cournot Oligopoly which can be represented as:

\(P = (\dfrac{n*E}{1+ n*E})*MC\)

\(P = (\dfrac{3*(-4.5)}{1+(3*-4.5)})*11000\)

\(P = (\dfrac{-13.5}{1+(-13.5)})*11000\)

\(P = (\dfrac{-13.5}{-12.5})*11000\)

P = 1.08 × 11000

P = $11880

Hence. the price you should charge for a midsized automobile if you expect to maintain your record sales is $11880

South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.

A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.

Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.

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Answer:

D. taxes collected by the government

Explanation:

Public goods are funded by the taxes collected by the government. the appropriate response is option D.

A good that is non-excludable and non-rivalrous is referred to be a public good. Users cannot be denied access to or use of such goods just because they didn't pay for them.

Additionally, use by one individual does not restrict access for others or lessen their availability. Depending on the nation, a public good may differ, but it typically includes necessities like clean air and water to drink as well as services like the police and national security.

Public goods are products or services that are beneficial to all members of society and are frequently offered at no cost as a result of public taxes. Hence, the appropriate response is option D.

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Answer:

switzerland

Explanation:

Ratio:

a) Return on equity %

b) Days in inventory

c) Days in accounts receivable

Account balance:

a) Net income

b) Inventory

c) Accounts receivable

Assertion:

a) Existence

b) Valuation

c) Completeness

Justification:

Ratio:

a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.

b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.

c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.

Account balance:

a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.

b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.

c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.

Assertion:

a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.

b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.

c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.

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Merit pay and special-purpose incentives are similar to each other in that they are both types of organizational performance pay.

This is option (b). Here's a detailed explanation: Merit pay is an incentive compensation system that rewards high-performing employees based on their job performance. It is a monetary award given to employees who achieve a specific level of performance or surpass the performance standard established by their organization. Similarly, special-purpose incentives are designed to motivate employees to achieve specific objectives or goals in their work. Special-purpose incentives are also referred to as project bonuses, spot bonuses, or achievement bonuses. They are awarded to employees for completing specific projects or for attaining certain levels of performance in their work.

In conclusion, merit pay and special-purpose incentives are similar to each other in that they are both types of organizational performance pay that motivate employees to improve their performance and achieve specific objectives.

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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Organizations implement corporate portals for a combination of reasons, including cost reduction, time optimization, profitability improvement, and enhanced customer experience. Option E. is correct.

Many organizations have implemented corporate portals for multiple reasons, which include:

A. To cut costs: Corporate portals can streamline processes, centralize information, and automate tasks, leading to cost savings in various areas of the organization. For example, by providing self-service opportunities, employees and customers can access information and perform tasks without requiring assistance from personnel, reducing the need for additional resources.

B. To free up time for busy managers: Corporate portals can automate routine tasks, provide access to relevant information, and facilitate communication and collaboration among employees. By reducing the administrative burden and improving efficiency, managers can allocate their time more effectively to strategic decision-making and higher-value activities.

C. To improve profitability: By increasing operational efficiency, optimizing processes, and enhancing communication and collaboration, corporate portals can contribute to improved profitability. They can streamline workflows, reduce errors, and enhance productivity, ultimately leading to better financial performance.

D. To offer customers self-service opportunities: Corporate portals can provide customers with self-service options, such as online shopping, access to account information, and support resources. This enables customers to find information, make purchases, and resolve issues independently, improving customer satisfaction and reducing the need for direct customer service interactions.

Overall, corporate portals serve as a multifaceted solution that addresses various organizational objectives, including cost reduction, time optimization, profitability enhancement, and improved customer experience.

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The statement is false. The medieval peasant did not work 365 days a year with only Sundays off. There were many other days in the year where the medieval peasant did not work. The medieval period lasted from the 5th to the 15th century. During this time, the majority of the population worked as peasants.

They were responsible for farming and harvesting crops on the lord's land. The peasant's life was difficult, and they had to work long hours to make ends meet. However, they were not working every day of the year. They did not work during the winter months as the ground was too frozen to cultivate crops.

Additionally, they took time off for various religious festivals and holidays. This included Saint's days, Easter, Christmas, and other local events. Overall, the medieval peasant did not work 365 days a year with only Sundays off. They had a few breaks during the year for rest and celebration.

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