Swenson, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2018, and additional information follow:
Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute the cost of goods sold for the entire nine-month period.
Answers
To prepare an inventory, purchases, and cost of goods sold budget for the first three quarters of the year, we need to consider the following information:
- Sales budget for the nine months ended September 30, 2018: $2,000,000
- Gross profit margin: 25%
- Desired ending inventory: 20% of next quarter's cost of goods sold
- Beginning inventory on January 1, 2018: $250,000
Using this information, we can calculate the cost of goods sold for each quarter and the purchases necessary to meet sales demand while maintaining the desired ending inventory. Here is the budget for the first quarter:
Quarter 1 (Jan-Mar):
- Sales budget: $500,000
- Cost of goods sold: $375,000 (75% of sales budget)
- Desired ending inventory: $93,750 (20% of next quarter's cost of goods sold)
- Total inventory needed: $468,750 (cost of goods sold + desired ending inventory)
- Beginning inventory: $250,000
- Purchases required: $218,750 (total inventory needed - beginning inventory)
We can repeat this process for the second and third quarters:
Quarter 2 (Apr-Jun):
- Sales budget: $750,000
- Cost of goods sold: $562,500
- Desired ending inventory: $140,625
- Total inventory needed: $703,125
- Beginning inventory: $93,750
- Purchases required: $609,375
Quarter 3 (Jul-Sep):
- Sales budget: $750,000
- Cost of goods sold: $562,500
- Desired ending inventory: $140,625
- Total inventory needed: $703,125
- Beginning inventory: $140,625
- Purchases required: $562,500
To calculate the cost of goods sold for the entire nine-month period, we can simply add up the cost of goods sold for each quarter:
Cost of goods sold for nine months: $1,500,000
Note that this budget assumes a constant gross profit margin and does not take into account any changes in pricing or variable costs that may occur throughout the year.
However, it provides a useful framework for planning and monitoring inventory and purchases based on sales projections.
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Related Questions
Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.
Answers
Answer:
The correct answer is D. Consider the criticism as a learning experience.
Explanation:
Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.
When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.
Your older sister, Anna is trying to figure out how she's going to pay for college in the Fall. Anna is going over her options with you one night and she narrows it down to either putting her college education on your parents’ credit card or taking out a student loan. Which one would you suggest and why?
Answers
Answer:
They should take a student loan it less risky cause you will need to pay way more money if you do a credit card but a student loan they make a price and keep it that way till you pay them
They should take out a student loan since it is less dangerous than using a credit card, which requires more higher payments. With a student loan, the price is set up front and remains that way until you pay the lender.
What is the cheapest way to get a student loan?Among undergraduate and graduate student loan options, federal direct subsidized loans are the cheapest and most flexible. Only undergraduate borrowers with financial need as determined by the information in the Free Application for Federal Student Aid, or FAFSA can get subsidized loans.How much can I get in a student loan?If you are an undergraduate student, the maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $5,500 to $12,500 per year, depending on what year you are in school and your dependency status.What type of student loan should I get?If you're unsure what type of loan to choose, a good rule of thumb is to pick one that offers a low interest rate, multiple repayment options and borrower protections. A federal direct loan checks all of those boxes and is a good place to start.Learn more about student loan here:
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an cost is the net cash inflow that count be obtained if the resources commited to one action were used in
Answers
The term you are looking for is "opportunity cost." Opportunity cost is the net cash inflow that could be obtained if the resources committed to one action were used in the best alternative action. In other words, it is the cost of forgoing the next best alternative.
Opportunity cost is an important concept in economics and business decision making. It helps decision makers to assess the value of a decision by considering the benefits of the decision relative to the benefits of other available options. For example, let's say a company has $100,000 to invest in a new project. The company has two options: invest the money in Project A, which is expected to generate a net cash inflow of $150,000 over the next two years, or invest the money in Project B, which is expected to generate a net cash inflow of $200,000 over the next three years.
If the company decides to invest in Project A, the opportunity cost of that decision is the net cash inflow that could have been obtained if the money was invested in Project B instead. In this case, the opportunity cost is $200,000 - $100,000 = $100,000. This means that the company is forgoing the opportunity to earn an additional $100,000 if it chooses Project A over Project B. Understanding opportunity cost can help decision makers make more informed choices by weighing the benefits of one option against the benefits of other available options. It can also help decision makers to identify the true cost of a decision by taking into account the potential benefits of other options that are being foregone.
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The notion that actual capital markets, such as the nyse, are fairly priced is called the?
Answers
Efficient Markets Hypothesis (EMH)
The notion that actual capital markets, such as the nyse, are fairly priced is called the Efficient Markets Hypothesis (EMH)
There are three market efficiency types which are allocative , operational and informational. Fairly priced stocks in capital market allow shareholders to notion through the process of buying and selling shares.
The share price reflects all the information that in with stock traded in capital markets fairly priced at a market. It also tells the asset value information of the underlying assets. Markets in which security prices fully reflect all relevant information available fundamental value of securities.
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Jeremy has a dispute with a local tree removal company. After a big storm had come through the area, Jeremy had to hire the company to remove a big tree. The two parties had agreed to the price of $1,500. However, the company never finished the job. The company left when the tree was only half removed. Jeremy and his dad finished the rest of the removal two weeks later. Jeremy does not think he owes the tree removal company anything. The tree removal company however wants to be paid. Jeremy offers them $500 in settlement of their dispute. The tree company accepts. This agreement can best be described under contract law as ______________________.
Answers
Answer:
The answer is an accord and satisfaction. :)
Explanation:
Let me know if there is anything else that you would need help with!
Jeremy offers them $500 in settlement of their dispute. The tree company accepts. This agreement can be best described under contract law as an accord and satisfaction.
What is a contract?The contract simply means a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.
If one of the parties fails to keep the promise, the other is entitled to legal redress. The law of contracts considers such questions as whether a contract exists, what its meaning of it is, whether a contract has been broken, and what compensation is due to the injured party. Contract law is the product of a business civilization. It will not be found, to any significant degree, in noncommercial societies.
Most primitive societies have other ways of enforcing the commitments of individuals; for example, through ties of kinship or by the authority of religion.
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What is Financing Decision??
Answers
Financial decisions are decisions made by management about a company's finances. These decisions might pertain to asset purchase, finance and fund raising, day-to-day capital and spending management, and so on. Financial decisions therefore affect both the assets and liabilities of a company.
What still usable relic from the 1880s California gold rush just sold at auction for $76,000?
A. Pack of dynamite
B. Pair of Levi’s jeans
C. Covered wagon
Answers
(B) Pair of Levi’s jeans is the usable relic from the 1880s California gold rush just sold at auction for $76,000. A pair of Levi's jeans is one of the oldest known Levi's from the gold rush era in California.
According to the auction listing, Levi's from the gold rush era or also known as A pair of Levi's jeans and "the holy grail of vintage denim collecting." Someone named Kyle Haupert, a 23-year-old vintage clothing dealer from San Diego bought the pair of jeans at an auction on October 13. A pair of Levi's jeans from the 1880s got sold for $76,000 at an auction in New Mexico. Kyle Haupert as the buyer had to pay $87,400 with a buyers premium factored in.
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You are the senior accountant in the audit of Granger Grain Corporation, whose business primarily involves the purchase, storage, and sale of grain products. The corporation owns several elevators located along navigable water routes and transports its grain by barge and rail. Your staff assistant submitted the following working paper analysis for your review: Review the analysis and answer questions a. b. and c. below.
GRANGER GRAIN CORPORATION
Advances Paid on Barges Under Construction—a/c 210 December 31, 20X1
Advances made:
1/15/X1—Ck. No. 3463—Jones Barge Construction Co. 100,000*
4/13/X1—Ck. No. 4129—Jones Barge Construction Co. 25,000*
6/19/X1—Ck. No. 5396—Jones Barge Construction Co. 63,000*
Total payments
188,000
Deduct cash received 9/1/X1 from City Life Insurance Co.
188,000†
Balance per general ledger—12/31/X1
$ —0—
* Traced to cash receipts journal and to duplicate deposit ticket.
† Examined approved check request and paid check and traced to cash disbursements journal.
a. In what respects is this brief analysis incomplete for audit purposes? (Do not include any discussion of specific auditing procedures.)
b. What two different types of contractual arrangements may be inferred from your assistant’s analysis?
c. What additional auditing procedures would you suggest that your staff assistant perform before you accept the working paper as being complete?
Answers
a. This brief analysis is incomplete for audit purposes as it lacks adequate documentation and verification of transactions related to the construction of barges.
It does not provide information on the terms and conditions of the contracts with Jones Barge Construction Co., nor does it detail the progress of the construction. Additionally, it does not address the accounting treatment for the advances and the insurance reimbursement, or whether these transactions have been recorded accurately in the financial statements.
b. Two different types of contractual arrangements may be inferred from the assistant's analysis: (1) A construction contract with Jones Barge Construction Co. for the building of barges, as evidenced by the advances made, and (2) An insurance claim settlement with City Life Insurance Co. related to the advances paid, as indicated by the cash received.
c. Additional auditing procedures that the staff assistant should perform before accepting the working paper as complete include:
1. Review the contracts with Jones Barge Construction Co. to understand the terms and conditions, payment milestones, and the progress of the construction.
2. Verify the accuracy and completeness of the recorded advances by examining supporting documents, such as invoices and construction progress reports.
3. Assess the accounting treatment for the advances and the insurance reimbursement to ensure they are in accordance with the applicable accounting standards.
4. Confirm the insurance claim settlement amount and its accounting treatment by reviewing the insurance policy, claim documents, and communication with City Life Insurance Co.
5. Perform analytical procedures, such as comparing the costs and timelines of the current barge construction to those of similar projects, to identify any discrepancies or unusual transactions.
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. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answers
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
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Which problem would be best addressed by a business bank?
A. A college graduate needs to open a checking account with the
lowest fees available.
B. A corporation needs help with cash management for its large
staff.
C. A person with a poor credit history needs a short-term loan to pay
a medical bill.
D. A couple needs to get a mortgage loan to buy a home after
moving to a new city,
SUBMIT
Answers
Answer:
B. A corporation needs help with cash management for its large
staff.
Explanation:
Business banking can be defined as the financial services such as business loans, cash management, lines of credit, trade finance, savings and checking accounts, tax planning, and securities trading provided by a commercial bank to business entities, corporations or companies.
This ultimately implies that, a business bank is only focused on providing financial services to corporations rather than individuals.
Hence, the problem which would be best addressed by a business bank is, a corporation that needs help with cash management for its large
staff.
In a nutshell, a business bank is saddled with the responsibility of meeting the financial needs of corporations found in different sectors such as agriculture, engineering, medical, trade, oil and gas etc.
Answer: B
Explanation:
which of the following is the best statement of the restatement (second) of contracts regarding when a unilateral contract is formed?
Answers
A unilateral contract is formed when the offeree promises to perform the requested act.
What is a unilateral contract?
In contrast to the more typical bilateral contract, a unilateral contract is a sort of agreement where one party (also known as the offeror) makes an offer to another individual, business, or the general public.
Unilateral Contract: One party promises something in return for the other party performing it in a certain way. 1. In general, rather than relying on the parties' concealed, subjective intent, we evaluate contract formation (as well as contract provisions) based on the objective manifestations of their intended—what they said and did.
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answers
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answers
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
Santiago borrows $10,000 for tuition and other expenses. He will pay 4.5 percent of that amount as a fee to borrow the money. The loan is for 10 years, which will mean a $93.22 monthly payment after he finishes his education. Which of these numbers is the loan principal?
Answers
After he completes his schooling, the loan will have a 10-year term, with monthly payments of $93.22 being required. The loan's starting balance is $9,569.89.
What is a loan?A loan is a sum of money that a person or organization borrows from a lender, usually a financial institution, with the promise to repay the debt plus interest over time. Loans are frequently used to finance significant purchases or investments that a person or organization might not be able to afford upfront, such as a car, a home, schooling, or starting a business.
The details of the loan, such as the interest rate, the repayment plan, and any fees, are normally agreed upon between the borrower and the lender before the loan is granted.
4.5 percent of the loan amount is required as a fee for borrowing the money. We can multiply the loan amount by the fee percentage to determine the fee:
Fee = 10,000 x 0.045 = $450
The amount Santiago borrowed prior to the charge being applied is known as the loan principle. By multiplying the loan amount by (1 + the fee percentage), we may get the principal:
Principal: 10,000 divided by (1 + 0.045) equals $9,569.89
The loan's principal is therefore $9,569.89.
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the adjustment for underapplied overhead
Answers
Answer: The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
With specific reference to the case study, describe some of the soft skills needed at university and in the workplace
Answers
Answer:
Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:
Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.
Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.
Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.
Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.
Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.
Every organization has its own terms that they use. What buzz words or jargon would the industry or field you are looking to enter use?
As a professional how would you react to a poorly written memo from your boss if he was trying to reprimand you?
How would you become a better writer?
How can good writing help you succeed in business?
Answers
1) The industry or field you are looking to enter may have specific buzzwords or jargon relevant to that domain.
2) As a professional, you should handle a poorly written memo from your boss if they were reprimanding you with professionalism, understanding, and a proactive approach to address the concerns.
3) To become a better writer, you can practice regularly, seek feedback, read extensively, study grammar and style guides, and utilize writing resources and tools.
4) Good writing skills can help you succeed in business by effectively communicating your ideas, building credibility, fostering positive relationships, and conveying professionalism and attention to detail.
1) Different industries or fields have their own set of terminologies and buzzwords specific to their domain.
For example, in technology, terms like AI (Artificial Intelligence), blockchain, and cybersecurity are commonly used.
It is important to familiarize yourself with these terms to effectively communicate and understand discussions within your chosen industry.
2) When receiving a poorly written memo from your boss reprimanding you, it is crucial to maintain a professional demeanor. Instead of reacting defensively, take the opportunity to reflect on the feedback and understand the concerns.
Respond with a positive attitude, seeking clarification if needed, and proposing a plan to address the issues raised. Effective communication and a willingness to improve can help navigate such situations professionally.
3) To become a better writer, practice is key. Regularly engage in writing exercises, such as journaling, blogging, or taking on writing projects. Seek feedback from peers, mentors, or professional editors to identify areas for improvement.
Reading extensively across different genres and styles can expose you to diverse writing techniques and enhance your vocabulary. Additionally, studying grammar and style guides, attending writing workshops or courses, and utilizing writing resources and tools can help refine your writing skills.
4) Good writing skills are essential in business as they enable clear and concise communication. Effective written communication helps convey ideas, instructions, and proposals accurately and efficiently. It builds credibility and professionalism, enhancing your reputation within the organization and among clients or stakeholders.
Good writing also fosters positive relationships by promoting understanding and avoiding misunderstandings. Furthermore, it demonstrates attention to detail and can contribute to the success of projects, presentations, and reports, ultimately supporting your professional growth and advancement in the business world.
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Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Answers
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
Answers
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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Help!
Assume that your annual gross income is $45,000. After deductions, assume that your take-home pay is $36,000. What is your monthly income and what is the maximum you should spend on rent each month?
Answers
Answer:
The monthly income is $3,750.00Maximum amount on rent $1,050Explanation:
Monthly income will be the annual income divided by 12 months
= $45,000/ 12
=$3,750.00
The monthly income is $3,750.00
The maximum amount of rent should be guided by the 28/36 rule. Housing should not exceed 28 percent, while total household expenditure should not exceed 36 percent.
The rent should be a maximum of
=28/100 x $3,750.00
=0.28 x $3,750.00
=$1050
Maximum amount on rent $1,050
Assume you are making $989 monthly payments on your amortized mortgage. The amount of each payment that is applied to the principal balance:________.
a. Decreases with each succeeding payment.
b. Increases with each succeeding payment.
c. Is constant throughout the loan term.
d. Fluctuates monthly with changes in market interest rates
Answers
Answer:
I got you!
Explanation:
B. increases with each succeeding payment.
Select the correct text in the passage.
What sentences in the following passage indicate increased expenses for developing the advertisement?
An exercise equipment company decided to create demand for its latest plece of equipment through a TV commercial. For this purpose, it hired
an ad agency reputed for its creative skills. This agency pitched five different concepts to its client. After an extensive internal discussion, the
client gave approval for one of the ideas. The next step was to write script for the ad. Using in-house cloud-based scripting software, the agency
wrote scripts in real time. This made it easier for company to communicate effectively with the ad makers. The company also approved the
tagline and storyboard for its product. The agency hired professional actors for enacting the scene.
Answers
paragraph 2 I hope sorry if it's wrong
Answer:
For this purpose, it hired an ad agency reputed for its creative skills
and The agency hired professional actors for enacting the scene
Explanation:
both requires money. to hire someone you need money which shows a increase of expenses
Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT
Answers
Answer:
Loss
Explanation:
Because she started with 860.00 then ended with 300
Answer:
350
Explanation:
I guessed
What are the types of partnership and examples of each?
Answers
Answer:
here you go
Explanation:
Types of partnerships
General partnership. A general partnership is the most basic form of partnership. ...Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state. ...Limited liability partnership. ...Limited liability limited partnership
The difference between total receipts and total payments is referred to as a. cash balance. b. net cash flow. c. cumulative cash flow.
d. beginning cash flow
Answers
The difference between a company's total receipts and total payments is referred to as net cash flow. Here option B is the correct answer.
This metric represents the overall change in the company's cash position during a specified period of time. Net cash flow is a crucial component of a company's financial statements, as it provides insight into the company's ability to generate cash from its operating, investing, and financing activities.
A positive net cash flow indicates that a company has generated more cash from its operations and investments than it has spent on financing activities, such as repaying debt or issuing dividends. This can be a sign of a healthy and sustainable business, as it suggests that the company has the financial resources to invest in growth opportunities and weather economic downturns.
On the other hand, a negative net cash flow indicates that a company has spent more cash than it has generated from its operations and investments. This can be a cause for concern, as it suggests that the company may be relying on external financing to cover its operating expenses or invest in growth opportunities.
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Key accounts get more attention from salespeople because they exemplify the 80/20 Rule, which states that:
Question 55 options:
A. 80% of a company's profits come from 20% of its customers
B. 80% of the market is dominated by 20% of the vendors in the industry
C. 80% of customers pay their bills on time, while 20% will delay paying
D. 80% of a company's salespeople service 20% of its customers
E. 80% of the customers are serviced by 20% of the salespeople
Answers
Salespeople pay more attention to key accounts because they embody the 80/20 Rule, which indicates that 80% of a company's revenue comes from 20% of its clients. Pareto established the 80/20 rule, also widely recognized as the Pareto principle.
which implies that 80% of an income statement is produced by 20% of its clients. As a result, option a seems to be the correct answer.
That whenever a sales representative makes false or misleading statements to clients about just a competing product, its products, or even its sales staff, this is known as company defamation.
As a change agent, the salesperson seeks change including both companies with the goal of developing a collaborating relationship.
The change rate describes how rapidly a modification is put in place.
the extent of the change: the extent whereby the change has an impact on the organization
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along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. to meet demand for product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of down time due to accidents or other disruptions. the plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. what approach should your team use to measure effectiveness of plant operations?
Answers
The approach your team should use to measure the effectiveness of plant operations is the Goal approach. Option A
This is further explained below.
What is the GOAL-Fulfillment APPROACH?Generally, In this situation, the strategy of target achievement has to be used. According to the GOAL-Fulfillment APPROACH, the health of an organization should be evaluated based on whether or not it has successfully completed the objectives it set for itself (its authoritative goals).
In conclusion, Examples of authoritative objectives include achieving specific quality outcomes, reaching specific benefit targets, and growing a proportion of the total industry.
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CQ
Along with several other members of the upper management team, you’ve just completed an assessment of your organization’s manufacturing plant. To meet the demand for the product, the group has determined that the plant must operate at a minimum of 75% capacity for at least 250 working days each year with no more than a total of 50 hours of downtime due to accidents or other disruptions. The plant must produce 20,000 parts annually, with a cap of 2.5% of parts rejected after inspection. What approach should your team use to measure the effectiveness of plant operations?
a. Goal approach
b. Resource-based approach
c. Strategic constituents approach
d. Internal process approach
briefly explain two factors which might influence demand for digital cameras in business
Answers
Answer:
Explanation:
1. The raise of influencer marketing applied on small businesses will demands digital cameras specially when the business owners managed their brands.
2. Every eCommerce must buy digital cameras because the costs for external photographers at long term it is not redituable.
Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answers
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
An ambitious investor decides to take a chance on a creative start-up opportunity. The owner of the start-up has made the following promise in exchange for your capital today. The start-up will not make any payments to you for 15 years. At the end of the 15 th year, you will be paid $10,000. This will be the first of 20 yearly payments. The start-up promises that each payment will be 3% larger than the previous year: If you require a 11% return on your capital, how much can you invest in the start-up today?
Answers
The amount that an investor can invest in a start-up today if they require an 11% return on their capital is $72,883.95.
The first thing that the investor must do is determine the present value of the annuity payment. This is the value of the series of payments, discounted at the investor's desired rate of return, at the beginning of the 15th year.
The following formula can be used to calculate the present value of an annuity:
PV = Payment amount x [1 - 1 / (1 + r)n] / r
Where r = the interest rate and n = the number of periods.
The following formula can be used to calculate the future value of an annuity:
FV = Payment amount x [(1 + r)n - 1] / r
Using the above formulas, we can calculate the present value of the annuity:
PV = $10,000 x [1 - 1 / (1 + 0.11)20] / 0.11= $72,883.95
Therefore, the amount that an investor can invest in the start-up today if they require an 11% return on their capital is $72,883.95.
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