Mark Ltd investigates budget variances on a quarterly basis. The following data is provided to you. • Estimated total sales: April $ 55,000 and May $ 50,000 • Cash sales are estimated to be 25% of total sales. Debtors are expected to pay 60% in the month of sale and 35% in the month after the sale. • Estimated purchases: April $30,000 and May $ 36,000 • All purchases are to be on credit and are to be paid for in the month following the purchase. Purchases for March were $22,000. Estimated operating expenses are: Transport expenses paid in cash 15% of total sales. • Office salaries paid in cash: April $9,000, May $11,600. • Depreciation is charged at 25% per annum on new equipment purchased for $150,000 in April. The equipment was purchased on credit in April and will paid for in May. Other information: • The owner contributed $75,000 as the opening balance of cash for the business in April. • The owner intends withdrawing $3,000 per month for private use. • The company wants to maintain a minimum cash balance of $25,000 and has set up a line of credit at the local bank that can be used to cover any shortage Required: (a) Prepare a cash budget for the two months April and May. (13 marks) (b) List two problems that may be encountered in preparing a budget. (2 marks)

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.

Read more on jobs here: https://brainly.com/question/26355886

#SPJ1

A market characterized by monopoly refers to a situation where there is only one seller or producer of a particular product or service in the entire market. In such a scenario, the single firm has complete control over the market, including the ability to influence prices and supply.

To identify a monopoly, several conditions must be met:

1. Indistinguishable products being sold:

In a monopoly, the firm sells a product that has no close substitutes available in the market.

This means that consumers have no alternative options to choose from, and the monopolistic firm has a unique position in the market.

2. Barriers to entry and exit:

Monopolies are often protected by significant barriers to entry, which prevent other firms from easily entering the market and competing with the monopolistic firm.

These barriers can include high startup costs, legal restrictions, or exclusive control over key resources.

For a market to be characterized by monopoly, there must be indistinguishable products being sold, along with barriers to entry and exit.

These conditions allow the monopolistic firm to have control over the market, without facing competition from other firms.

To know more about monopoly visit;

https://brainly.com/question/33076874

#SPJ11

Answer:

$164.06 for the 125 feet

Explanation:

total costs from brick and mortar store = ($1.25 x 1.05) x 125 feet = $164.06

total costs from online store = $1.75 x (1 - 10%) x 125 feet = $196.88

after you compute the total costs per store, you should purchase the electrical wire from the brick and mortar store

An example of a highly cyclical industry is the automobile industry.

A highly cyclical industry refers to an industry that is highly sensitive to the overall business cycle.

These industries often experience significant fluctuations in demand for their products or services due to changes in economic activity, which can result in significant volatility in revenues, earnings, and employment levels.

As a result, firms in highly cyclical industries may find it challenging to maintain profitability and financial stability during periods of economic turbulence.

The automobile industry is an example of a highly cyclical industry. It is sensitive to economic fluctuations, as vehicle purchases are often postponed during times of economic uncertainty or recession.

During economic expansion, on the other hand, there is typically an increase in demand for new cars and trucks, resulting in higher revenues for automobile manufacturers and their suppliers.

In addition to the automobile industry, other highly cyclical industries include construction, real estate, airlines, and heavy machinery manufacturing.

These industries are sensitive to changes in interest rates, consumer spending, and capital investment, which can have a significant impact on their profitability and financial stability.

To know more about automobile industry, refer here:

https://brainly.com/question/30366174#

#SPJ11

You won't being able to deduct the mortgage interest if you choose the standard deduction.

Once you and a creditor enter into a mortgage, the lender is granted the power to seize your land if you are unable to pay back the loan amount plus interest. To purchase a property or take loans against with the value of the house you currently own, you can use a mortgage loan.

In order to secure the repayment of funds given in the of a loan, a current or upcoming obligation, or the execution of an engagement that may result in a financial liability, a land mortgage is the transference of such an interest in a certain immovable property.

To know more about mortgage visit:

brainly.com/question/30001302

#SPJ4

Marius consider this a dangerous situation because is b. Cryptomalware can encrypt all files on any network that is connected to the employee's computer.

Why would Marius consider this a dangerous situation? Marius would consider this a dangerous situation because Cryptomalware can encrypt all files on any network that is connected to the employee's computer, is the correct statement. This is a very dangerous situation because cryptomalware is malicious software that encrypts a user's files and demands payment for decryption.

The ransomware attacker will typically give the user instructions for paying the ransom and decrypting the files once the payment has been received.Cryptomalware has the ability to infect computers via phishing emails, software vulnerabilities, and drive-by downloads. If the computer's owner pays the ransom, the attacker may be able to provide the decryption key to the owner, allowing them to recover their data. This also sets a precedent by encouraging other employees to violate company policy. Therefore, the correct answers is B.

Learn more about ransomware : https://brainly.com/question/27312662

#SPJ11

Answer:

Fried Caesar, grilled Caesar, Buffalo blue, fried cobb

Explanation:

Salads are made with various vegetables and meat base. The regular salad is green salad which is most commonly used. There are many benefits of having salad with meal. Many people do not like vegetables so they add little meat with salad to consume it. Most regular salad base are fried Caesar and fried cobb.

Answer:

Explanation:

You can go to Microsoft words or Power point..

These can help you type your presentation or if on phone you can go to normal Notes app or word app....

I hope this helps you

Answer:

Equilibrium price; price; quantity demanded.

Explanation:

Demand can be defined as the amount or quantity of goods and services that are being desired or required by the consumers and that they are willing to pay a price for.

The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.

This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

Hence, the equilibrium price is the only price where quantity demanded is equal to quantity supplied. This is simply the point where there is an agreement between the quantity of goods produced by the manufacturer and the quantity of goods desired by the consumers, thus, both the desires of the producer and consumers are in sync.

The downward slope of the demand curve again illustrates the pattern that as price rises, quantity demanded decreases. This ultimately implies that, when the price at which a manufacturer, wholesaler or retailer increases, the quantity of goods demanded by the consumer would decrease and vice-versa.

Answer:

the correct answer is equilibrium price

Explanation:

(econ1101)

The Industrial Revolution led to the growth of marketing research due to several reasons. One of the reasons is the need for increased production, which required companies to find new ways to sell their products.

Additionally, the rise of mass production made it possible for companies to produce goods on a large scale, which meant that they needed to find ways to market their products to a wider audience.

Marketing research became crucial during the Industrial Revolution because it helped companies identify the needs and preferences of their customers. By conducting surveys, companies were able to find out what their customers wanted and needed, which enabled them to tailor their products and marketing campaigns to meet those needs. This helped companies increase their sales and profits, which, in turn, fueled further growth in the industry.

Moreover, the rise of transportation and communication technologies also contributed to the growth of marketing research. Improved transportation made it easier for companies to distribute their products across the country, while the telegraph and telephone made it possible for companies to communicate with customers and suppliers over long distances.

This enabled companies to conduct surveys and gather data from a wider audience, which helped them stay ahead of their competitors.

In conclusion, the Industrial Revolution led to the growth of marketing research due to the need for increased production, the rise of mass production, the need to identify the needs and preferences of customers, and the improvement in transportation and communication technologies.

To know more about marketing visit :

https://brainly.com/question/27155256

#SPJ11

The given statement about the law of demand is false and the appropriate law is explained below.

This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.

With this in mind, we can see that the law of demand works with  the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.

Read more about law of demand here:
https://brainly.com/question/1078785

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

The given statement "Interest groups and lobbyists rarely attempt to gain access by first supporting candidates when they run for office" is False, interest groups and lobbyists often attempt to gain access.

This is because they believe that supporting a candidate will help them to gain favor and influence once that candidate is in office. They may do this by contributing to their campaign funds, providing resources like volunteers or campaign materials, or by endorsing them publicly.

By doing this, they hope to establish a relationship with the candidate and demonstrate their willingness to support them. Once the candidate is elected, they can then use this relationship to advocate for their interests and influence policy decisions.

Interest groups and lobbyists are often seen as having a negative impact on democracy because they are able to use their resources and influence to sway political decisions in their favor.

However, they are also an important part of the democratic process because they represent the interests of specific groups of people and help to ensure that those interests are heard and taken into account.

To know more about lobbyists, refer here:

https://brainly.com/question/30167416#

#SPJ11

Answer:

A. true

Explanation:

because of their experiences

Answer:

A. true

Explanation:

It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.

1. Lilly's Challenge to Dividend Denial and Bonus Payment:

Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:

a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.

b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.

c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.

Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.

2. Travel Agency in Voluntary Administration:

If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:

a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.

b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.

For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.

3. Terry's Breach of Director's Duties:

Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:

a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.

b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.

c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.

d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.

To know more about Fiduciary Duty, refer to the link below:

https://brainly.com/question/31148084#

#SPJ11

Answer: I’m having a Halloween party with my parents and family because you know ya girl ain’t trying to get sick

Explanation:

Derivative instruments are financial contracts or agreements that derive their value from the performance of an underlying asset, index, or benchmark. In other words, they are financial instruments that allow market participants to manage financial risks by buying or selling contracts to protect against the possibility of future price fluctuations.

The most common types of derivatives used by market participants are forwards, futures, options, and swaps.

1. Forwards: Forwards are contracts that require the delivery of an underlying asset at a specific price and date in the future. They are customized agreements between two parties and are usually traded over-the-counter (OTC).

2. Futures: Futures are similar to forwards, but they are standardized contracts traded on organized exchanges. They have margin requirements and are settled on a daily basis.

3. Options: Options give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price (strike price) on or before a specific date (expiration date). There are two types of options: call options (the right to buy) and put options (the right to sell).

4. Swaps: Swaps are agreements between two parties to exchange a series of cash flows based on an underlying asset or index. They are used to hedge interest rate risk, currency risk, and commodity price risk.

Nestle, a food and beverage company, uses derivative instruments to manage financial risks arising from fluctuations in interest rates, foreign exchange rates, and commodity prices. They use forwards and swaps to manage interest rate risk, options to manage foreign exchange risk, and futures to manage commodity price risk.

For example, Nestle can use a forward contract to lock in a fixed interest rate on a loan or use a currency option to hedge against the risk of a weaker local currency. By using derivatives, Nestle can reduce its exposure to financial risks and protect its profit margins.

To learn more about derivatives, visit here

https://brainly.com/question/25324584

#SPJ11

Answer:

The Fair And Accurate Credit Transaction Act (FACTA)

Explanation:

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

The most significant source of variation in portfolio returns over an extended period of time is the market or systematic risk.

Most variation in portfolio returns over an extended period of time is attributable to market or systematic risk. Market risk refers to the overall volatility and fluctuations in the broader market, which affect the prices and returns of all securities. Factors such as economic conditions, interest rates, geopolitical events, and market sentiment can impact the market as a whole.Systematic risk cannot be diversified away and affects the entire market or a specific market segment. It is beyond the control of individual investors and is inherent to the market environment.  

learn more about portfolio returns here:

https://brainly.com/question/17165367

#SPJ11

Calculate the proceeds that “BNB” received from the sale if the peoples national bank raised capital through the sale of $100 million face value of four percent coupon rate, ten-year bonds.

A sale is a deal that involves exchanging goods or services for money along with other factors. In other terms, a sale is any action that involves handing over ownership of a thing or commodity to the buyer in return for payment.

Simply put, a sales representative represents a company's brand and sells goods or services on its behalf. They oversee client connections and function as the main point of contact from the time a lead is first contacted until a sale is made.

To know more about Sales visit:

https://brainly.com/question/29857652

#SPJ4

In order to require banks to hold more money as opposed to lending it, the federal reserve may expand the amount of money in circulation by reducing the reserve requirements for banks, allowing them to provide more loans. The Fed may reduce the amount of money in circulation by increasing the reserve requirements for banks, on the other hand.

Generally, The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized management of the monetary system to prevent financial crises after a string of financial panics.

The federal reserve may increase the quantity of money in circulation by lowering the reserve requirements for banks, enabling them to provide more loans, in order to force them to keep more money as opposed to lending it.

On the other side, the Fed may decrease the quantity of money in circulation by raising the reserve requirements for banks.

Read more about the federal reserve

at https://brainly.com/question/23247429

#SPJ1

The normative statement is the government should concentrate on reducing unemployment

A normative assertion is one that states how the world ought to be. This claim demonstrates a value judgement regarding the desirability of a circumstance and frequently reflects value judgements. It describes how the world is. For instance, it is just a personal view to say that globalization causes societal tensions in developing nations.

In economics, these statements are one that reflects a value judgement or a belief about what should be, as opposed to stating what is. Instead of describing how things are, it makes a statement about how they ought to be. In this instance, statement D articulates the opinion that decreasing unemployment should be a top priority for the government, making it a normative statement.

Read more about the normative statements on:

https://brainly.com/question/29217505

#SPJ4

Answer:

Agents

Explanation:

An agent is a person or entity that has been authorities to act on behalf of another person. Agents negotiate business deals and contracts with third parties on behalf of their clients.

In the chain of distribution, many manufacturers do not sell products directly to consumers. They engage intermediaries such as wholesalers, distributors, retailers, and agents to get their goods to the final consumers. A majority of these intermediaries buy in bulk,  break the bulk and sell to other intermediaries or consumers. When they buy, they acquire title to the goods.

Agents do not acquire ownership of the goods because they do not buy. They only negotiate with consumers or intermediaries on behalf of the manufacturers.

Based on the concept of communication and the situation described in the question, the communication method Bob needs is Verbal Communication.

Verbal Communication is a term that is used to describe the type of communication where we use spoken and written words to get our message and information across to the other person.

Generally, in Verbal Communication, we use our words to express ourselves, our feelings, and our thoughts, we are verbally communicating.

In this case, verbal communication is the most appropriate because Bob will be able to listen to his supervisor and understand the meaning of the message. He can quickly seek better understanding where necessary.

Hence, in this case, it is concluded that the correct answer is Verbal communication.

Learn more about Verbal Communication here: https://brainly.com/question/27876354

#SPJ1

Answer:

B

Explanation:

Answer:

It is option A. A company.

Explanation:

I got 100 on Ed 2020